Compony Number.. 7259138 Chority number.. 1143656 Precious Lives AnnualAccounts And Annual Report 1st June 2024- 31st May 2025 al information Charit No: 1143656 Com No.. 7259138 Com an Status= Limited by Guarantee •AF07JTQI' 17104r2026 . COMPANIES HOUSE
70
Address.. Flat I Cottrill Gardens Marcon Place London, E8 INY Board of Directors/Trustee5: Amina Nalubega Ssendegeya Mwajabv Nabawanuka Ssebaggala Angel Francis Banker: Natwest Inde endent examiner.. Trotman & Atwal
TRUSTEES REPORT The trustees Iwho are directors of the charity for the purposes of the Companies Act 20061 present their report together with the financial statements for the year er¢ded 31" May 2025. Com Status The compary is a regISted charity limited by guarantee and does not have a share eapitsl. The Directur5 have no interest in the company's (Jeficit or assets and receNe no remuneralion anisation The Trustee5, who are directors for the purpose of company law and trustees for the purpose of charity law, are listed in the legal and administrative details on page 2. One-third of the trustees retire each year and they may 5tsnd for lection. Their election is detemiine(i by the membership ofthe compary. The Board of Trustees meets i minimum of six times a year and the committee have the power to Set UP 5ub-commrttee and working parties as identr.fied as appropriate, thi5 is done viith the purpose of addressing specific Matters. Within the Committeè the.15 a wide range of expertlse"" and experience. A volunteer coordinator has been appointed by the Trustees to manage the day- to-day operdtions of the charity- The management team supports the Volunteer Coordinator and the orEanisation has a comprehensive set of policies and procedures in place in relation to finance, operations, human resources and health and safety- Trustees The Trustees, who served on the 8oard throughout the year, are listed on page 2. Ob ect15 and olicie$ The objects of the charity a set out in the Memorandum and Articles of Association. They are to promote for the benefit of the inhabitants of the London Borough of Hackney. Haringey, Tower Hamlets, Islington and WaFthèm Forest antl Gater London by- lal The advancement of education. trdining and cultural and social activities,. Ibl The relief of poverty, sickne55 an(1 distress- Icl The promotion of good health.. and IdlThe provision of recreational facilities in the interests of social welfrdre with the objert of improving their conditions ol life- Precious Live5 has continued to develop its services during the year and, despite ongoin8 pressures on funding and demand. has remained committed to SUPPOth"ng Vul rable individua15 and families acro55 Hackney and nerghbouring boroughs.
Risk mana ment The Trustees and management team are aware of their SponsIbl11ties regarding risk management and keep major strategic, business and operational risks under review. There is a detailed risk reElSter in place, which is VieWed regularly by both the Trustees and the managers. At their annual review of the register during the year, the Trustees noted there were less emphasis on financial matters and more on performance and outcomes on contracts. We are conscious that this is a living document and that as circumstances chanEe we need constantly to be reviewing our centrnl systerns throughout the organisation. Mana ement and administration The resouTces expended on administration were £2.576 during the year. This represents approximately 7.0% of the total resources expended. a level of expenditure that the Trustees consider to be appropriate for the tharity as (( supports the effective running and governance of the organisation. ualo rtunitlesand other licies As responsible employers, the directors have approved a number.of policies relating to Equal Opportunities, Conflict of Interest. Health and Safety. Children and Vulnerable Adults protection policy. Financial, Data Protert these a the key operational p)licies. A(tiVitles Precious Lives continued to focus on key areas of community need during the year. The charity's work MaInS centred on improving health and wellbeing, relieving poverty and 111$t$s, and reatinE Opportunities for social inclusion within the local community. Our activities have conrinued to respond to the pressLsres faced by residents experiencing financial hardship. food insecurity and wider Social challenges. We have worked with volunteers. beneficiaries and partner orÉanisations to deliver practical support and strengthen community resilience. Our beneficiarie5 a drawn from a wide tange of backgrounds and include pensioners, parents with YOLJng children, unemployed residents, lone parents, people experiencing financial hardship. and individuals referred or signposted through local partner organisations. The eharty has continued to manage its resources carefully while adapting its delivery to meet growing demand and changing needs within the community. Our delivery model has continued to evolve in response to InCa$[ng demand and operational pressLEre5. Many of the people we support have been significantly affected by rising living tosts, insecure work and wider economic Pressu$. As a result, PcloUS Lives has had to remain flexible and responsive in order to continue delivering meaningful SLFPPQrt to those most in need.
Food 0i5tribution Food distribution remains one of the charitvs most important services and continues to be a vital lifeline within the community. Demand for food support has remained high throughout the year, and the programme continues to be one of our most relied upon activities. Through support from partners, food redistribution networks and local supermarkets, Precious Lives has been able to collect and distribute food to individuals and families experiencing hardship across Hackney and the surrounding a0. The programme continues to provide immediate practical relief while helpin8 many residents, access regular meals and essential support. We a happy tor the immediate results with our activities, suttess is often in the look in beneficiary eyes and the realisation that soffleone cares for them. Advlce ondsign posting Advice and signpostine remain an irnportant part of our work. Alongside practical food support, we contlnue to assisl residents by responding to urgent needs. providing information and connecting people to other appropriate services. This area of our work often leads to some of the rnost immediate positive outcomes, Particular for individuals and families in crisis. During the year, Preciou5 Lives also continued to support households with financial issues, helping people engage with creditor5 and improve their financial stsbility- Condom Distribution We continue to deliver this project in partnership with a number of local charities and it remains centred around SPading the rnessage of the need for safer sexual athvities and much of the target group was for the individuals at risk of early conception and sexual diseases such as HIV, thlamydia, Trichomonas vaginalis and other STtYs. Wrap it up strnp it up and enjoy yourself. This programme targeted everyone between the age5 of 13 and 19. ba$allY anyone that is sexual active. Fundin The charity continues to operate in a challenging funding environment, with demand for our services remaining consistently high throughout the year. While we have received valued 5UPPOrt from ? range of funders arbd partners, the level of funding available ha5 not always matched the scale of need within the communitres we serve. As economic pre5sure5 continue to affect individuals and families, we expect demand for our services to remain significant. In response, Precious Lives will continue to actively pursue funding opportunities and Stngthen partnerships to ensure the 5U5tainability and growth of our work. We remain committed to delivering essential services to those most in need and recognise that, in order to meet incre35ing demand effecnvety, the organisation will need to continue developing its Capacity, including exploring opportunitie5 for additional $oUrceS and support.
Conclusion Precious Lives remains committed to growing as a trLJSted community organi5ation and continuing to provide meaningful support that improves the quality of life for those most in need. We would like to extend our sincere thanks to our funders, partners, trustees and volunteers for their continued support and dedication throughout the year. Their contributions have made it possible for the charity to continue (lelivering vital services within the community. We look fotward to building on this work in the year ahead and continuing to respond to the needs ofthe communities we serve. Amina Ssendegeya - Chair 8th March 2026 Directors, Responsibilities Compary law quireS the directors to prepare financial ststements for each financial year thal give a true and fair view of the state of affairs of the charitable company and the surplus or deficit for that period. In preparing these ststements. the Directors are required to= Select suitsble accounting policies and then apply them consistentty.. Make judgments and estimates that are asonable and prudent: stste whether applicable Accounting Standards have been followed, subjert to any rnaterial departures disclosed and explained in the financial statements: and prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the company will continue in operation. The Directors a responsible for marntsining proper accounting record5 that disc105e with reasonable acturary at any time the fi.nancial position of the charitable company and enable them to ensure that the financial ststements tomply with the Companies Art 2006. They are also responsible for safeguarding the assets of the company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularitres.
Independent Examinerf5 Report Independent Exarninerfs Report to the Trustees of Precious Lives {Registered Charlty Number 11436561 on the accounts for the year ended 31st May 2025 set out in these financlal statements. Respective responsibilities of Tw5tee5 and Examiner The charitvs Trustees are responsible for the preparation of the accounts. The Trustees Consider that an audit is not required for this year under the Charities Act 2011 and that an independent examination 15 appropriate. It is my responsibility to: examlne the accounts under sectlon 145 of the Charitfes Act 2011 lollow the procedures laid down in the Genernl Directions given by the Charity Cornmi55ion state whether particular matters have come to my attention Basi5 of independent examlnerfs report My examination wa5 carried out in accordance with the Generdl Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts p.resented withthose. records. It also includes consideration of any unusual item5 or disclosures in the accounts, and seeking explanations from the Trnstees concerning such mattews. The procedures undertaken do not provide all the evidence that would be required in an audit and, con5equently• no audit opinion is expre55ed. Independent examinerfs statement In the course of my examination, no matter has Come to my attention: which gives me reasonable cause to believe that in any material respert the requirements: to keep accounting records In acconlance with section 130 of the Charltles Act 2011; and o to prepare account5 which accord with the accounting records Have not been met. or 2. To which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Trotrnan & Atwal Comrnunity Accountsnt 7 Bean5haw London, SE9 3HL Sign.. th 8 March 2026
Precious Lives Income & Ex enditure Account taternent of Finan vities for the Unrestricted Restricted 2025 2024 Incomin Resourtes Grants. Awards Donations 1.646 33,483 35,129 33,134 Generated Income 2,016 2.016 1.960 Membership Other 1,730 i Totsl Income 37 145 .36 824. Resources Ex ended Cost of generatingfunds Activities in the furtherance of the Charity's objects Management & Administration 2.872 31,328 34,200 34,569 790 1.786 2,576 1,860 Totsl out oin resources 36 776 36 429 Net surplus/(deficit) 369 369 395 Balance brought forward Balance carried fOard 205 925 1.130 1.499 1.130 735 205 1,294
Precious Lives Balance Sheet on 31 Ma 2025 2025 2024 Fixed Assets Tangible Assets 1,540 Current Assets Debtors Cash at Bank and in hand 1,499 1,130 Total Current Assets Creditors: amounts falling due within one year Net Cur nt Assets Total Net Assets Represented by: Unrestricted funds 205 1,745 925 Restricted funds 1,294 Total funds For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477of the Companies Art 2006 relating to small companies. The Membe have not quired the company to obtain an audit of its accounts for the year in question in accordance with sect6on 476, The directors acknowledge their responsibilitr.es for complying with the requirements of the Art with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companie5 subject to the small companies'regime.. Approved on 8° March 2026 Chairperson- Amina Ssendegeya
Precious li$ Grants Oonations & Ex nditure Anal Unrestricted {£) Restricted {£) 2025 (£) 2024 (£) Cash Incorne bytype of donor: Lottery Charitable Trust Government- Local Authority Companies D'onations / Members 'Gènerated Income 19,950 13,533 19.950 13.533 33,134 1.646 2.016 1.646 2.016 1,960 1,730 37,145 36,824 Other Sources Total Income 3.662 33,483 Resources Expended. ". Cost of generating funds Staff & Volunteer Travelling Mentoring Total Cost of Eenerating funds Activities for Clients Volunteer Cost Rent Venuè Hire . 900 900 8(KJ 3.800 500 3,800 4,200 500 ..Project Activity Total Activities 29.0 34.200 29,000 29.569 34.200 34.569 Management & Admlnlstration Cost Legal fee and Accounting Registration and Governance Postage and Carriage Telephone Bank Charges Other 450 450 450 220 220 210 210 210 525 525 450 421 421 750 750 750 Total Management & Admin 2.576 2,576 1,860 Total Resources Expended 36.776 36.776 36,429
l. Accounting Policies (al Basis of accounting The financial statemerrts have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 and the Charsties Act 2011. Ibl Incoming resources Intome is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have beEn met, it is probable that the income will be CeiVed and the amount can be measured reliab. Donations, grants and other income a COgnised when e1Vable. Income from grants and donations provided for specific purpose5 15 treated as restricted income. Icl Rer(e5 expended Expenditure is recognised when the 15 a legal or constructive obligation to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following attivity headings: Cost of generating.!unds Activities in furtherance of the charivs objects Management and administration Where costs cannot'.bé cri"rert attT.ibuted. they are allocated to activFtses based on a 8$onable estimate of staff time and resourtes used. Idl Fund accounting Generdl funds are unrestritted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds a funds which are to be used in accordance with specific $triCtl0n$ imposed by donors or which have been raised by the charity for parkn"cul?r purposes. lel Tangible fixed assets and depreciation Tangible fixed asseFS are yated at Cost less depreciation.
Tangible fixed assets held in the previous year We fulty depreciated of)nolonger in use during the" current year and there10 no taneible fixed assets are carried forward at 31 May 2025. Depreciation was previously calculated at an annual rate of 25% on a straight-line basis. If) C35h at ballk and in hand Cash at bank and in hand includes cash balances and deposits held with financial institutions. Igl Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably iesult in the transfer of funds to a third party and the amount due can be measured reliably. 2. Analysis of Income Total income for the year amounted to £37.14512024- £36,824). The majortty csf Income was recéivèd from restricied grants and ch-arttable funding, including support from charitsble trusts and funding bodies. Unrestricted income was generated through donations and income from charrtable artivities. 3. Analysis of Expenditure Total expenditure for the year amounted to £36.77612024- £36.4291. Expenditure has been allocated as follows- Activities in furtherance of the charS objects: £34.200 Management and administration.. £2,576 Cost of generating funds: £0 The majority of expendrture relates to the delivery of the charl$ core servites, including food distribution, venue costs and project-related actTrvities. 4. Net Movement in Funds The net surplus tor the year Vfds £36912024= £3951. This has been added to the funds brought forward of £1.130, resulting in totsl funds Carried forward of £1,499.
- Funds Unrestricted (£1 Restrirted 1£) Totsl 1£) 925 1,130 369 1.294 Balance at l June 2024 205 Net movement in funds Balance at 31 May 2025 205
- Trustees, remunerdtion and benefits 369 1.499 No trustees received any remuneration or benefits during the year12024: £nil).
- Related party transactions There were no related party transactions during the year that require disclosure12024'. none).
- Independenl Examiner The charity Is subjert to independent examination and not audrt. The independent examine¢s report 15 included wtthin these financial statements.