COMPANY REGISTRATION NUMBER.. 7324346 CHARITY REGISTRATION NUMBER: 1143401 Life Connections Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 LTD Chartered Certified Accountants 6 Howley Park Business Village Pullan Way Leeds England LS27 OBZ
Life Connections Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position 10 Notes to the financial statements 11
Life Connections Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 The Iruslees, who are also the directors for the purposes of company law, present their report and the unaudited financial slalements of the charity for the year ended 31 December 2024. Reference and administrative details Reglstered charlty name Life Connections Charlty reglstratlon number 1143401 Company registration number 7324346 Principal office and registered Bridge Community Church office Rider Street Leeds Lsg 7BQ The trustees Mabel Ekpo Onene Osarojire Osarollor Oluwakemi Akingbehin Malcolm Lamb Elinor Margaret Gage Alan Angilley IResigned 28 April 2024} IAppointed 21 July 20241 Independent examiner D P Bohorun FCCA FCMI 6 Howley Park Business Village Pullan Way Leeds England LS27 OBZ
Life Connections Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contirjued) Year ended 31 December 2024 Structurei governance and management Reference and administration information Life Connections is a company limited by guarantee under number 7324346 and is also registered with the Charity Commission for England and Wales under number 1143401. The trustees. name, principal place of business and professional advisors of the charity are given on page 1. Organlsatlonal structure Life Connections is governed by ils constitution documents filed with the Charity Commission for England and Wales. The company is also governed by the memorandum and articles of association filed with the Registrar of Companies from its incepb'on. By constitution, Life Connections must have a minimum of 3 trustees. The company has strict guidelines and procedures in the recruitment process of ils trustees. Special consideration is given to skills, knowledge, experience or representation. Governance and management Policy and strategic decisions are referred lo and made by the board of Iruslees. Decisions are taken according to a majority of votes. In the case of an equality of voles, the chairperson has a second or casting vote. Day to day operational decisions are made by the management team. Risk management The Iruslees have identified the major strategic risks to which Life Connections is exposed and established controls and actions to miligale them. Risk assessments are carried out annually and it is a company policy lo Monitor the risk assessment and its process. The trustees lake all reasonable steps to moderate and manage the inevitable operational risks along with business and financial risks.
Life Connections Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contirjued) Year ended 31 December 2024 Objectives and activities Activities The relief of sickness and protection of good health,. The advancement of education and good parenting,. The prevention or relief of poverty,. The promotion of social inclusion., To develop the capacity and skills of the members of the socially and economically deprived communities in Leeds city and West Yorkshire. Charltable Objects To promote for the public benefit in Leeds such charitable purposes in such manner as the trLJStees shall from lime to lime determine as a practical expression of faith and a demonstration of the teachings of Jesus Christ including, but not limited to.. The relief of sickness and preservation and protection of good health including mising awareness of health issues and particularly the provision of advice and education with respect lo the dangers of drug, alcohol and other substance addiction and abuse, The advancement of education including the provision of after-school clubs and children and toddler groups and advice on childcare and parenting issues and the provision of education, advice, training and talking Iheopies in the life skills necessary better to empower self-management", The prevention or relief of povety including advice relating lo debt and financial management, welfare benefits, accommodats'on and homelessness., To promote social inclusion for the public benefi't by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them lo integrate into society., To develop the capacity and skills of the members of the socially and economically disadvantaged community of Leeds city and the Wesl Yorkshire region in such a way that they are better able lo identify, and help meet, their needs and to participate more fully in society- Strategic report The following sections for achievements and performance and financial review form the strategic report of the charity.
Life Connections Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contirjued) Year ended 31 December 2024 Achievements and perfonnance Life Connections originally began as a broad community outreach inilialive, aiming lo address the complex social needs of Burmantofts - a highly deprived inner<ity area of Leeds. Over the past five years, however, we have focused exclusively on delivering the award-winning Spear Programme, supporting over 100 local young people each year who are not in education, employment, or training INEETI. Our Spear Centre Is based within Bridge Community Church in the Bumianlofts area of Leeds - one of the city's most deprived and Income-poor communities. The area borders other highly deprived neighbourhoods, including Giplon and Harehills, making the Spear Centre easily accessible lo young people who are m051 in need of support. The young people we welcome on lo our programme are usually from disadvantaged background5 who face a significant number of barriers to employment and each trainee has on average 4 barriers, th 160/. having lived in care., 59 % having less than 5 GCSE'S and 460/. having received Free School Meals, whilst in education. These young people with a history of unemployment, face fewer career development opportunities and are more likely to report psychological impacts such as depression, anxiety and low self-esleem. An increasing number of trainees enrolling on our programme have mental health conditions, with 590 disclosing mental health challenges on enrollmenl. Addressing young people who are not in education, employment or tmining INEETS) is crucial for addressing both individual well-being and economic stability. By providing tailored support and re- engagement opportunities, our project aims to mitigate these costs and help young people succeed. The estimated lifetime public finance cost of NEETS aged 16 to 18 is just short of £12 billion, representing a 440/0 rise in costs since 2002, (York Universityl- The Spear Programme The Spear Programme, run in partnership with The Resurgo Trust, helps young people overcome their barriers to work and enter sustainable employment, training or education. Spear delivers award- winning, impacl-led coaching, focusing on the attitudes and behaviours that are holding young people back from entering the workforce. Attendees aged beeen 16 and 24, are welcomed regardless of background, faith, gender or other personal circumstances. Annually, we hope lo welcome 90 young people over six cohorts, onto 'Spear Foundation,, who will continue to receive a year of further ongoing support and coaching in 'Spear Career,. We also keep our door open to graduates from previous years, and are happy to help them with ongoing support, meaning that in total we are often helping over 100 young people every year. We are delighted that in 2024, 76 young people completed our 'Spear Foundation. and developed their confidence and work readiness, selling them up for a brighter future. In 2024, we also welcomed new Spear Centre Manager, Katie Boyes and a new Spear Graduate coach, Kemi Abodunrin and along with our existing Lead Coach, Clara Spong, the team are working tirelessly lo help young people realise their potential and overcome difficult circumstanS in their lives. The first phase of the programme, is the six-week 'Spear Foundation,, covering hard skills le.g. Cvlcover letter writing), and soft skills le.g. taking personal responsibility, having a pro-active attitude
Life Connections Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contirjued) Year ended 31 December 2024 and communicating professionally). The Intentional small cohorts {12-15 Iraineesl facilitate strong relationships which far outlast the programme. Sessions run four half4ays a week, with Friday as a self-direcled day for completing tasks set. Sessions are delivered by the expert coaches in group and one-lo-one sessions. Throughout Spear Foundation, coaches monitor the trainees. progress by rating them against five internally developed 'Work Readiness Indicators IAllitude, Confident Communication, Professional Behaviour, Self-leadership, Mindful of Others) thus enabling them lo tailor support according lo each trainee's specific needs. Trainees who complete the programme will see an increase in their work readiness in all areas. In the second phase, 'Spear Careerf, trainees re1ve a further year of support., including assistance in job searching, through practical workshops and one-lo-one coaching le.g., communication skills, job applications, Interview preparalionl, until the employment or education opportunity is secured. Once in work, coaches provide tailored support to ensure the young person can sustain their role. We draw on the goodwill, experience, and energies of 40 volunteers lo provide a rich and Inspiring mentoring and support programme, alongside the contribution of our own staff. We work with 15 local businesses who volunteer lime lo do mock interviews and career panels for trainees. Our local partners are crucial to reaching and empowering unemployed young people. These include Leeds Employment Hub, jobntre Plus, Social Services, and Leeds Care Leavers Teams who refer young people to the programme. Leeds Employment Hub may offer 1-1 support alongside Spear. We work with probation offIrS, social workers and care leaver teams to seek out the hardest to reach young people and support them together- they may support them with housing for example. Resurgo, who designed the Spear Programme, provides Life Connections with the curriculum and training, HR support, materials, impact management, quality assurance and operational line management of the coaches. Our Impact We measure our impact in two ways.. the work-readiness of trainees when they complete Spear Foundation, and their employment status 12 months later. 800/0 of trainees who enroll successfully complete the initial Spear Foundation phase, and gO¥D of these wll have measurably increased their work readiness against our indicators (see above). Therefore, with around 90 young people entering our programme per year we would expect to see this wonderful result in the lives of at least 67 young people annually. This in itself is a very significant achievement, because on entry, trainees frequently report that they struggled to leave the house, develop everyday routines, manage self-care and even get out of bed due lo various factors including anxiety, depression and a sense of hopelessness. In 2024, we have seen 700/0 of trainees who finish the Spear Foundation enter into employment, education or toining lour EET target). We measure trainees, employment status al 3, 6, 9, and 12 months after completing Spear Foundation. The Spear team are working diligently to support trainees by building stronger employment partnerships and facilitating 'Hire Me, events for trainees. A year after completing Spear Foundation, our coaches are in touch with an incredible 950fi of trainees. We are so pleased that we have been able to build such strong relationships with our trainees as we support them through their multiple and complex needs. It demonstrates the depth of trust which enables our coaches to coach them to change their Mindsets and increase their work readiness. We give them the credit for being willing to grow and be resilient. Our outcome targets for 2024, are.. 800/0 of young people enrolled on Spear Foundation will complete with a measurable increase in
Life Connections Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contirjued) Year ended 31 December 2024 work-readiness. 75Q of Spear Complelers will gel into work or education and be there a year later. Our Young People Before Spear I felt so stuck and like I had no polenlial. A bad experience al college had led me to hide away and develop unhealthy coping mechanisms and I felt like my life wasn't going anywhere. Coming to Spear has built my confidence massively. I've realised I can step outside of my comfort zone and I have strengths and gifts worth celebrating. I'm not afraid lo speak to new people anymore and, thanks to Spear, I've found the confidence and courage to go back to college and PLJrsue my dreams." J's Story J came lo the Spear prMme with the simple dream of treating himself to a meal in a restaurant and has been able to dream a lot bigger. J's family life was drastically impacted when he went into foster care as a child and subsequently suffered abuse there. After leaving school, J did various odd jobs for a couple of years but struggled to slay in employment due lo drug and alcohol addiction and also developed debt problems. He tried the Spear PrmMe but didn't stick with it beyond the first day. Over time, J sought help to deal with his addiction and three years later, in May 2024, his social worker re-introduced him to the idea of Spear. J recalls, Last lime, I wasn't really bothered about where I was going but this time I really wanted to make a change.. That is exactly what happened when he gave the Programme another go and he threw himself into the sessions, stepping out of his comfort zone to join in wrth role-play opportunities and building positive relationships with the coaches and making new friends. At his cohort's Spear Celebration, he used the ana1(Y of gold to describe his experience of being on Spear Foundation. He said through attending the programme, the coaches helped him lo realise that he is already gold. Bul that now he has been polished up with the right skills and mindsets for work, he feels he can really shine. J is indeed shining brightly, as he gained employment at a local Church, at the end of July 2024 and is enjoying being a valued member of the Conferencing Team, in a role which includes cleaning and catering for a school that rents space in the church. He also does addib'onal caretaking shifts for the church. His goal now, is to save up for his own place and his advice to those considering doing the PrmMe is, "Do it, don't give up after the first few days or week., J also explored faith by doing the Alpha course. A's Story A, aged 23, was referred lo Spear through one of Spearfs referral partners, Engage Leeds. A has experienced many challenges lo sustaining work or education. She failed her GCSES al school and described feeling devastated, as though she had lost her chance lo fulfill her potential and prove what she was capable of. She returned lo studying and managed to gel into university. However, suffering from a significant mental health breakdown sadly meant she dropped out. She has since had a difficult time with her housing situation, creating more instability in her life. She says.. Ever since I came to the Spear Programme, I have gained the necessary skills lo not only look for jobs but also lo believe that I can achieve my goals of becoming a personal trainer and owning my own business. My goals may seem big, but they are achievable and if il wasn't for Spear I wouldn't be here." A now studies an online qualification with the PT Academy and has successfully gol a part time job working at Iceland, which was an opportunity that came through Spear Leeds Hire Me, event.
Life Connections Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contirjued) Year ended 31 December 2024 Financial review Accounts The charity reported a total surplus of £8,002 (fully reslricled fundslfor the year ended 31st December 202412023.. Ljnrestricted fLJnds deficit of £30 and restricted funds deficit of £34,943). Total reserves to be carried fonmard to next year are £58,384 lunrestricted funds of £326 and restricted funds £58.0581. The Iruslees, annual report and the SttegiC report were approved on 16 September 2025 and signed on behalf of the board of trustees by". Elinor Margaret Gage Trustee
Life Connections Company Limited by Guarantee Independent Examiner's Report to the Trustees of Life Connections Year ended 31 December 2024 I report lo the trustees on my examination of the financial slalements of Life Connections I'the charily'l for the year ended 31 December 2024. Responsibilities and basis of report As the Charity's trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'i. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act", or 2. the accounts do not accord with those records," or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair view which is not a matter considered as part of an independent examination," or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021}. 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. D P Bohorun FCCA FCMI Independent Examiner 6 Howley Park Business Village Pullan Way Leeds England LS27 OBZ
Life Connections Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2024 2024 Restricted funds Total fund$ 2023 Unrestricted funds Total funds Note Income and endowments Other trading activities Total income 562 122,667 123,229 130,851 562 122,667 123,229 130,851 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Expenditure on charitable activities Total expenditure 82,191 32,474 82,191 33,036 79,087 86,737 562 562 114,665 115,227 165,824 Net ineomellexpenditurel and net movement in funds 8,002 8,002 134,9731 Reconciliation of funds Total funds brought forward Total funds carried for•vard 326 50,056 58,058 50,382 58,384 85,355 50,382 326 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pa9 11 to 19 form part of thgse financial ststernents.
Life Connections Company Limited by Guarantee ststement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets 14 2,407 3,210 Current assets Cash at bank and in hand 58,057 48,796 Creditors- amounts falling due within one year Net current assets 15 2,080 1,624 55,977 47,172 Total assets less current liabilities 58,384 50,382 Net assets 58,384 50,382 Funds ofthe charlty Restricted funds Unrestricted funds 58,058 326 50,056 326 Total charlty funds 17 58,384 50,382 For the year ending 31 December 2024 the charity was entiued to exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors, responsibilities.. The members have not required the company to obtsin an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying wth the requirements of the Act with respect to accounting records and the preparation of financial stalemenls. These financial statements have been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 16 September 2025, and are signed on behalf of the board by.. Elinor Margaret Gage Trustee The notes on pa9 11 to 19 form part of thgse financial ststernents. 10
Life Connections Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 December 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Bridge Community Church, Rider Street, Leeds, LS9 7BQ. Statement of eomplianee These financial stslements have been prepared In compliance with FRS 102, 'The Financial Reporting Standard applicable In the UK and the Republic of Ireland,, the Stslement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accountlng pollcles Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability lo continue. Judgements and koy sourcgs of ostimation uncertainty The preparation of the financial statements requires management to make judgements, eslimales and assumptions that affect the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the CircumstanS. Fund accounting Unreslricled funds are available for use at the discretion of the trustees lo further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the Iruslees for particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall Into one of sub<lasses'. restricted income funds or endowment funds. 11
Life Connections Company Limited by Guarantee otes to the Financial Ststements (¢ontinvedJ Year ended 31 December 2024 Accounting policies (¢¢)nfynuÈdJ Incoming resources All Incoming resources are included In the stslement of financial activities when entillemenl has passed lo the charity., it is probable that the economic benefits associated with the transaction wll flow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unreslricled funds unless there is a contractual requirement for it lo be spent on a particular purpose and returned if unspent, in which case il may be regarded as reslricled. Resources expended Expenditure is recognised on an accruals basis as a liability Is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- haritable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of ils expenditure on charitable aclivilies. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifi'able and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded al the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 12
Life Connections Company Limited by Guarantee otes to the Financial Ststements (¢ontinvedJ Year ended 31 December 2024 Accounting policies (¢¢)nfynuÈdJ Tangible assets (¢ontinuedJ An increase In the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for Impairment that has previous been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclatlon Depreciation is calculated so as lo write off the cost or valuab'on of an asset, less Ils residual value, over the useful economi¢ life of that asset as follows.. Fixtures and fittings 250/0 reducing balance Impairment of fixed assets A review for indicators of impairment is carried out al each reporting dale, wth the recoverable amount being eslimaled where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible lo estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit lo which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition dale, allocated lo each of the cash-generaling units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Defined contribution plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be sellled wholly within 12 months of the end of the reporting dale in which the employees render the related servi, the liability is measured on discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which il arises. 13
Life Connections Company Limited by Guarantee otes to the Financial Ststements (¢ontinvedJ Year ended 31 December 2024 Limited by guarantee Life Connections is a company limited by guarantee and accordingley does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitsble company in the event of its been wound up while he or she is a member, or within one year after he or she aSeS to be a member. Other tradlng actlvltles Unrestricted Funds Restricted Total Funds Funds 2024 Lincoln Green Income SPEAR Grant SPEAR Fund Raising SPEAR Donations 562 562 9,020 113,647 122,667 9,020 113,647 123,229 562 Unrestricted Funds Restricted Total Funds Funds 2023 Lincoln Green Income SPEAR Grant SPEAR Fund Raising SPEAR Donations 2,350 2,350 21,000 70,957 36,544 21,000 70,957 36,544 2,350 128,501 130,851 Costs of raising donations and legacigs Restricted Totsl Funds Funds 2024 Restricted Total Funds Funds 2023 Spear 82,191 82,191 79,087 79,087 14
Life Connections Company Limited by Guarantee otes to the Financial Ststements (¢ontinvedJ Year ended 31 December 2024 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Spear Lincoln Green Support costs 29,149 29,149 562 3,325 562 3,325 562 32,474 33,036 Unrestricted Funds Restricted Total Funds Funds 2023 Spear Lincoln Green Support costs 81,634 81,634 2,250 2,853 86,737 2,250 130 2,723 84,357 2,380 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2024 Totsl fund 2023 Spear Lincoln Green Support Costs 29,149 562 29,149 562 3,325 81,634 2,250 2,853 3,325 29,711 3,325 33,036 86,737 15
Life Connections Company Llmlted by Guarantee Notes to the Financial Statements Year ended 31 December 2024 g. knalysis of supwrt Gosts Accountancy Prde5510nal Other offi Fees Fee3 exwges Depreckqllon ¢harges Total 2024 Total 2023 Goveman¢e $ts Suppffi oKsls- Olhercoststype 1 764 2,069 266 1,014 03 414 2,497 828 266 1,014 803 414 3,325 2,853 16
Life Connections Company Limited by Guarantee otes to the Financial Ststements (¢ontinvedJ Year ended 31 December 2024 10. Net incomellexpenditurel Nel incomellexpenditurel is slated after chargingllcredilingl.. 2024 2023 Depreciation of tangible fixed assets 803 1,070 11. Independent examlnatlon fees 2024 2023 Fees payable to the independent examiner for. Independent examination of the financial statements 828 810 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security costs Employer contributions lo pension plans 78,323 1,516 1,822 76,187 760 2,110 81,661 79,057 The average head count of employees during the year was 312023.. 31. The average number of full-time equivalent employees during the year is analysed as follows.. 2024 2023 No. Number of staff No employee received employee benefits of more than £60,000 during the year12023.. Nill. 13. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the Iruslees. 17
Life Connections Company Limited by Guarantee otes to the Financial Ststements (¢ontinvedJ Year ended 31 December 2024 14. Tangible fixed assets Fixtures and fittings Cost At 1 January 2024 and 31 December 2024 Depreciation Al 1 January 2024 Charge for the year At 31 December 2024 15,124 11,914 803 12,717 Carrying amount At 31 December 2024 2,407 Al 31 Dember 2023 3,210 15. Creditors.. amounts falling due within one year 2024 2023 Accruals and deferred income 2,080 1,624 16. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contributi'on plans was £1,82212023'. £2,110}. 17. Analysis of charitable funds Unre¥tri¢ted funds Al 1 January 202 At 31 December 2024 Income Expenditure General funds 326 562 15621 326 Al 1 January 202 Al 31 December 2023 Income Expenditure General funds 356 2,350 12,3801 326 18
Life Connections Company Limited by Guarantee otes to the Financial Ststements (¢ontinvedJ Year ended 31 December 2024 17. Analysis of charitable funds (¢¢)nfynuÈdJ Restricted funds Al 1 January 202 At 31 December 2024 Income Expenditure Restricted Fund 1- desc in alcs 50,056 122,667 1114,6651 58,058 Al 1 January 202 Al 31 December 2023 Income Expenditure Restricted Fund 1 - desc in alcs 84,999 128,501 11 $3,444) 50,056 18. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2,407 58,057 12,0801 58,384 2,407 58,057 12,0801 58,384 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 3,210 48,796 11,2491 50,757 3,210 48,796 11,6241 50,382 13751 13751 19