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← Listening Ears

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 06227466 (England and Wales)

REGISTERED CHARITY NUMBER: 1145028

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31ST MARCH 2024

LISTENING EARS LIMITED

REPORT OF THE TRUSTEES

AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2024

Listening Ears Limited Content of the Financial Statements For the Year Ended 31st March 2024

Page
Legal and Administrative Information 1
Report of the Trustees 2 - 13
Independent Examiner's Report 14
Statement of Financial activities 15
Statement of Financial Position 16
Notes to the accounts 17 - 21
Detailed Statement of Financial Activities 22

Listening Ears Limited Legal and Administrative Information

Chairman Board of Trustees: Mosad'Oluwa Orotayo
Other Trustee Members: Oluyemisi Shode
Nehemiah Aderibigbe Akinyele
Roberta Avwerosuo-Adeda
Atinuke Eyiowuawi
Bolutife Faseun
Jadres Rukina Ferreira
Chief Executive Officer Olutoyin Ogunbanjo
Registered Company Number 06227466 (England and Wales)
Registered Charity Number 1145028
Registered Office: YMCA Building
Woolwich Dockyard
Woolwich
London
SE18 5PQ
Independent Examiner Patrick Jusu FCCA
PAJ Accountants
10 - 16 Tiller Road
Docklands
London
E14 8PX
Bankers: Barclays Bank
737 Barking Road
Plaistow
London
E13 9PL
Metro Bank
66 - 68B The Bexleyheath
Kent
DA6 7JN

Page 1

Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) Effective 1 January 2015.

Listening Ears, founded in October 2006, emerged from a genuine concern for the rising levels of isolation and loneliness within the community. Incorporated on April 26, 2007, as a Company Limited by Guarantee and later registered as a UK Charity in December 2011, our organization is dedicated to reaching out to marginalized individuals facing loneliness, isolation, depression, or grief. Our primary mission is to provide an empathetic supportive space for those in need.

Utilizing a drop-in service, we initiate a welcoming environment by extending a cup of tea and fostering interactive engagement. This approach creates an avenue for individuals to openly discuss their challenges, seek guidance, access information, and obtain referrals for specialized support when necessary. Our focus is particularly on vulnerable groups, offering emotional, health, and overall well-being support.

To accomplish our objectives, we implement empowerment programs and workshops designed to develop life skills and enhance self-esteem. Our commitment extends beyond individuals to encompass families and the wider community, with a special emphasis on those facing various forms of disadvantage. By promoting social inclusion, we strive to benefit the public by creating a more connected and supportive society.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, articles of association, and constitute a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The legal responsibility for the election of new trustees to Listening Ears lies with the Annual General Meeting (AGM).

The Board recognises that it has only limited control over the election of trustees at the AGM. It is accepted that Listening Ears members should be able to elect people to the board who they believe will best represent their interests. However the existing board members also have a responsibility to ensure that the needs of the organisation in terms of governance are met by those people elected. The Board seek to do this by adopting a system of recommending Trustee appointments to the membership using the steps detailed below. The membership will then decide to elect a recommended candidate or to appoint another person to the board.

Trustees can delegate some aspects of recruitment of Trustees to Management, but they ensure that they retain overall responsibility and control of the recruitment, selection and induction processes. In recruiting new trustees, the existing trustees and management act in the best interests of Listening Ears and in accordance with the Charity Commission directives as laid out in CC30.

Induction and training of new trustees

All trustees are expected to attend:

As part of the induction process all trustees receive copies of the following:

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees confirm that they regularly review the significant risks facing the Charity and have systems and procedures in place to mitigate those risks. The risk policy has adopted a risk mapping methodology that is applied to each identified risk, assessing the likelihood of it occurring and the severity of the impact of occurrence on the Charity. The Chief Executive Officer is responsible for the day-to-day monitoring of risk and reporting to the Trustees.

Page 2

Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

OBJECTIVES AND ACTIVITIES

Mission and Goals

Our mission revolves around fostering caring friendships, providing encouragement to the lonely, and revitalising the weary. Through these efforts, we aim to alleviate depressive tendencies, enhance social integration, and promote community cohesion.

Total Wellbeing Focus

A cornerstone of our passion lies in the pursuit of total wellbeing. To realise this vision, we deliver information and training that empowers our service users to attain improved health and an elevated quality of life.

Empowerment for Independence

Beyond mental and emotional support, we are dedicated to rebuilding confidence and empowering our service users to lead independent lives. This empowerment extends to fostering economic, vocational, and employment opportunities.

Strategic Partnerships

We recognise the importance of collaboration and we actively engage with external agencies. This strategic approach aims to secure additional support for our clients, aiding them in achieving their desired goals.

Inclusive Membership Policy

Embracing diversity, we maintain an open-door membership policy. Our services are accessible to all, irrespective of ethnicity, race, religion, or educational background. We are committed to creating an inclusive environment that caters to the unique needs of each individual.

Through these objectives and activities, we aspire to make a lasting and positive impact on the lives of those we serve.

Public benefit

Our primary goal is to advance social inclusion for the public benefit by proactively preventing individuals from experiencing social exclusion and facilitating their seamless integration into society. For the purpose of this clause, "socially excluded" refers to the state of being marginalised from society or specific segments of society due to various factors.

These factors include, but are not limited to:

Unemployment Financial hardship Youth or old age Ill health, whether physical or mental

Substance abuse or dependency, encompassing alcohol and drugs

Discrimination based on sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation, or gender reassignment

Poor educational or skill attainment

Relationship and family breakdown

Poor housing, defined as housing that falls short of basic habitable standards Involvement in crime, either as a victim or as an offender undergoing rehabilitation into society.

Through our efforts, we aim to create a society where all individuals, regardless of their circumstances, can actively participate, contribute, and thrive.

ACCOMPLISHMENTS AND PERFORMANCE

In the relentless pursuit of our mission and objectives, Listening Ears consistently initiates projects tailored to address identified needs within the lives of our service users and the broader community. These targeted programs are strategically designed to instigate positive transformations in the circumstances of our service users, fostering meaningful and lasting changes.

Page 3

Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

ACCOMPLISHMENTS AND PERFORMANCE (continued)

KEY INITIATIVES

Feel Good Centres

Recognising the escalating levels of loneliness, particularly among the elderly and those over 50, Listening Ears has developed a targeted initiative to tackle this prevalent issue. The objective of the Feel Good Centres initiative is to create a supportive environment where the elderly and individuals over 50 can access tangible assistance to alleviate loneliness, foster connections, unwind, receive valuable information, and obtain practical support to enhance their health and lifestyle practices which form crucial components of their overall well-being.

The overarching vision involves the establishment of Feel Good Centres across various regions, replicating the success of our award-winning model developed over the past seventeen years while actively seeking ways to enhance it. The primary focus remains on dismantling the barriers of isolation, bolstering the confidence of older individuals, and empowering them to actively contribute to the enhancement of community cohesion.

Feel Good @ The Pavilion

Tailored for individuals aged 50 and above, our program operates within the Flowers Estate in Abbey Wood. In collaboration with various organisations and service providers, we extend services to the elderly through signposting and referrals. Information sessions on health, safety, and related topics are also conducted. This project provides both service users and community members with a welcoming space to drop in, socialise, enjoy a cup of tea and fresh fruits, engage in games, forge new friendships, and access support and guidance concerning their health and overall well-being.

Feel Good @ The Nest

In collaboration with Peabody, we have mirrored the Feel Good initiative, now active at The Nest in Thamesmead. This program extends vital support and services to the elderly residing in the Thamesmead and Bexley areas.

Diverse Range of Activities and Programs at our Feel Good Centres

We encourage service users to engage in a variety of enriching programs available at our centres by taking advantage of the following offerings:

Healthy Eating Workshops Multicultural Cookery Sessions Arts & Crafts Sessions Dance Sessions & Gentle Exercise Classes Summer Day Trips to the Seaside Health Walks Herbs & Salad leaves Planting Massage Sessions Tai Chi Classes Luncheon Club

We encourage them to participate in as many programs as possible to enhance their well-being and make the most of their experience with us.

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Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

ACCOMPLISHMENTS AND PERFORMANCE (continued)

Community Angels: Befriending & Outreach Program

Designed for individuals who are homebound or living alone, our Befriending & Outreach program, known as Community Angels, brings our support services directly to clients in the comfort of their homes.

Many of these service users experience isolation due to factors such as ill health, disability, old age, depression, mental health challenges, or other social disadvantages. This initiative provides companionship and a sympathetic ear to those seeking someone to talk to. Our primary goal is to utilise this approach to diminish levels of isolation, subsequently reducing tendencies toward depression without reliance on antidepressants. To fulfil this mission, we enlist the services of CRB-checked volunteers who take on the crucial role of befriending.

Steps2Living: Nurturing Health and Total Wellbeing

Our Steps2Living project is dedicated to providing information, support, and empowerment related to Healthy Eating, weight management, and overall wellbeing. Under the guidance of a qualified Health Trainer. We work closely with our clients both individually and in group settings. Our focus is on encouraging them to embrace small, impactful changes that lead to significant positive differences in their health.

Beyond theoretical teachings, Listening Ears takes a hands-on approach by supporting our service users to actively engage in the kitchen. We believe in practical learning, encouraging them to roll up their sleeves and explore culinary skills. Recognising the diversity within our service user base, spanning various ethnicities and cultures, we create opportunities for them to apply newfound knowledge. This includes experimenting with dishes from different cultural backgrounds, incorporating the fundamental principles of healthy cooking into their recipes, and adapting them to their specific cultural preferences.

Food Bank: Nourishing Our Community

In acknowledgment of Listening Ears' profound impact on the local community, we are honoured to be designated as the "Front Of the Shop" charity by Sainsbury's Abbey Wood for four years running. This partnership enables shoppers to contribute non-perishable food items to our charity, allowing us to establish a Food Bank for the community. This crucial service provides essential support to families and community members facing challenges, particularly those adversely affected by the current cost of living crisis.

Our minibus plays a vital role during this challenging period, enabling us to extend additional assistance to our elderly service users. We utilise the minibus to deliver food items directly to their homes, offering a helping hand with shopping and other minor errands. This personalised approach ensures that those in need receive the support required to navigate these trying times.

ROSEBUD CENTRE FOR GIRLS

Rosebud serves as a dedicated support centre for young girls and women, catering to ages 7 to 19, and extending support to women up to age 25 facing disabilities or special needs. Our mission is to navigate the challenges of adolescence, fostering confidence, selfreliance, and balanced emotional health. By empowering these young women, we aspire to cultivate a generation of individuals with positive outlooks, independence, and productivity within their communities and society at large.

At Rosebud, we provide a safe space for expressive communication and idea-sharing, free from judgment. Acceptance for who they are, coupled with guidance, propels them toward their goals. Our diverse array of character development workshops and skills training covers Personal & Life Skills Development, Jewellery Making, Health & Lifestyle, Dance & Physical Exercise, Career Development, CV Writing, Interview Skills, Creative Arts & Fashion Design, Drama, Music, Creative Media, Photography, Film & Animation, as well as engaging Day Trips and Weekend and Weeklong Residentials.

The goal is to educate, empower, and enable these girls to discover their identities, build resilience, and unlock their full potential. Tailoring our support for different age groups, we employ physical activities for pre-teens, exploring identity and self-esteem. As challenges intensify for young teenagers, our workshops address emotional, mental, and physical well-being. For late teens, our services extend to independence and career development, including vocational skill training and nurturing talents in creative arts and cultural industries.

Fostering Confidence Through Rosebud

Throughout the duration of the Rosebud project's exclusive focus on empowering young girls, significant strides in confidence, selfexpression, assertion, and participation have been observed. This progress is not only self-reported by the girls but is also evident through keen observations by staff and volunteers. Our meticulously crafted workshops directly addressed prevalent challenges faced by these young women, such as bullying, peer pressure, body image concerns, and navigating challenging relationships.

Structured group activities and personalised one-to-one support have been instrumental in elevating their confidence and self-esteem. Tailored to the specific challenges encountered by the girls, these workshops facilitated open discussions and active participation. The culmination of these efforts materialised in presentations by each girl, designed around their individual vision boards, serving as a tangible representation of their aspirations. This process of self-discovery not only brought their thoughts to life but also cultivated a renewed perception of themselves, fostering a sense of identity and fuelling aspirations for the future.

Page 5

Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

ACCOMPLISHMENTS AND PERFORMANCE (continued)

In addition to workshops, the incorporation of role-playing added a dynamic element, bringing real-life situations to the forefront for discussion. Exploring potential solutions to various scenarios broadened their perspectives, providing them with a repertoire of options and tools to navigate different situations effectively. This approach not only enhanced their problem-solving skills but also empowered them to make informed choices. Furthermore, the girls were encouraged to take ownership of decision-making responsibilities, engaging in positive activities that would shape their future positively.

Promoting Emotional Resilience at Rosebud

The secure environment created by the Rosebud project serves as a vital space for girls to openly discuss the issues and challenges impacting their lives. This deliberate focus minimises the risk of misguided advice from peers. Through our personalised one-to-one and peer mentoring support, we actively contribute to elevating their aspirations, fostering a positive mindset, and encouraging exploration of a bright and promising future for each girl.

Empowering Through Life Skills at Rosebud

Empowering our service users to recognise and enhance their capabilities, Rosebud offers a range of practical workshops that focus on skill building. These exercises are seen as valuable opportunities for economic empowerment, especially in the current employment landscape. The workshops serve as platforms for creativity and self-discovery, bringing out the natural talents of each participant. The independent living skills acquired during residential programs are designed to provide lifelong benefits. Observations and reports indicate increased emotional resilience and a positive outlook on the future. Feedback from parents and periodic assessments highlight improved family relationships, enhanced knowledge of healthy lifestyle practices, including cooking and baking skills, and a heightened awareness of balanced nutrition. These skills empower individuals to take responsibility for their health through regular physical activity.

Building Bridges: Collaborating for Holistic Support

Recognising the multifaceted challenges young women encounter, spanning financial, emotional, and structural issues, we acknowledge the need for comprehensive solutions. To achieve holistic outcomes, we prioritise building robust networks with professional agencies, service providers, and organisations working with young people. We have established partnerships with Challenge Network, YMCA, The Point, Her Centre, Greenwich Youth Offending Services, Family Information Service, Community Safety Team, Mental Health Support Team, Rape Crisis London and Sexual Health Team. Additionally, we maintain a network of contacts within the Greenwich borough, including Children's Services, schools, faith groups, and other local stakeholders who provide referrals.

Our strategy emphasises active participation from service users, empowering them to contribute to program design, structure, and execution, fostering a sense of ownership. For example, addressing the identified challenge of a widening gap between young girls and their mothers, we initiated the RoseGarden forum. This platform encourages interaction and mutual admiration between mothers and daughters through creative activities not typical in a home setting. Responding to mothers' expressed interest, the forum emerged from the observed progress in their daughters.

We recognise the importance of residential breaks within the project, providing a homelike environment for girls to practice acquired skills such as cooking, hygiene, responsibility, teamwork, finance, problem-solving, budgeting, and independence. While the residential program ideally extends to one week or more, we plan to organise multiple breaks throughout the year to accommodate a limited number of girls at a time.

Page 6

Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

ACCOMPLISHMENTS AND PERFORMANCE (continued)

SUSPENSION OF VITAL SERVICES DUE TO FUNDING SHORTFALL & PREMISES

It is with a heavy heart that we announce the temporary suspension of our project – Rosebud Centre due to an acute funding shortage. Despite our unwavering commitment to serving the community, the stark reality of financial constraints has forced us to make this difficult decision. Over a period of eleven years, Rosebud has been a beacon of hope, offering vital support services to those in need. Regrettably, without adequate financial support, sustaining these critical services has become an insurmountable challenge.

Additionally, the YMCA premises where we operate the project has been under massive renovation and therefore remail closed to all projects and organisations using the premises.

This suspension is not a reflection of our dedication but rather a stark reminder of the financial hurdles that grassroots organisations face. We remain optimistic that, with the support of our community and potential donors, we can revitalise and continue our mission to provide the much-needed support to our service users. Understanding and support during this challenging period are invaluable, and we are actively exploring avenues to secure the necessary funds to reinstate Rosebud Centre and resume our crucial services.

ACKNOWLEDGMENTS AND ACHIEVEMENTS

We take pride in the substantial strides our projects have made in fostering positive change within individuals and the broader community, garnering recognition through various esteemed awards and achievements. Some notable accolades include:

• Best Community-Based Business in Greenwich (2008): A testament to our dedication and impact on the local community.

• Finalist - Community Involvement Category at the London Business Awards (2010): An acknowledgment of our commitment to active community engagement and participation.

• Finalist - Partnership Achievement Category - London Health Commission Awards (2010): Recognizing the collaborative efforts that have contributed to health improvements in the region.

• Community Civic Award for Reducing Isolation – Royal Borough of Greenwich (2019): An esteemed accolade affirming our success in addressing social isolation and making a meaningful difference in the lives of individuals.

FUNDING SOURCES – Restricted & Unrestricted

Funds utilised during this financial year include both restricted and unrestricted fundings, as well as donations and came from the following grant making bodies and organisations listed below.

City Bridge Awards For All London Community Foundation Salway Foundation Well Tower Royal Borough of Greenwich Thamesmead Community Fund General Donations – Individual donors

Corporate Partners

Annington Ltd Peabody Morrisons Thamesmead Sainsburys Abbeywood New Covenant Church, Abbeywood RCCG, Chapel of Mercy, Romford

Page 7

Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

FINANCIAL REVIEW

Results for the year.

During the year the Charity received £46813 (2023: £45,453) from donations and grants. The surplus for the year was £22,494 and 2023 was £1,817, and this balance has been added to the accumulated funds carried forward.

SOME OF OUR PROJECT ACTIVITIES IN PICTURES

Page 8

Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

SOME OF OUR PROJECT ACTIVITIES IN PICTURES (Continue)

Figure 1Listening Ears’ Feel Good project manager Kim Firmin opens the new local B&M store.

Page 9

Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

SOME OF OUR PROJECT ACTIVITIES IN PICTURES (Continue)

Page 10

Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

SOME OF OUR PROJECT ACTIVITIES IN PICTURES (Continue)

Page 11

Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

SOME OF OUR PROJECT ACTIVITIES IN PICTURES (Continue)

Page 12

Listening Ears Limited Report of the Trustees For the Year Ended 31 March 2024

Reserves policy

It is the policy of the charity to set aside 20% of unrestricted funds to the general reserve. This provides sufficient funds to cover management, administration and support costs and to respond to emergencies which may arise from time to time. Funds are maintained at this level throughout the year.

GOING CONCERN

After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its objectives and activities for the public benefit for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

Further details regarding the adoption of the going concern basis are in note 1 ‘Accounting Policies’ in the financial statements.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of Listening Ears Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS102 the Financial Reporting Standard Applicable in the UK and Republic of Ireland.

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and charities act 2011. 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 28th December 2024 and signed on its behalf by:

Mosad'Oluwa Orotayo Chair, Board of Trustees

Page 13

Independent Examiner's Report of Listening Ears Limited

I report on the accounts for the year ended 31 March 2024 set out on pages fifteen to twenty two.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the General 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 presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Patrick Jusu FCCA Independent examiner PAJ Accountants 10 - 16 Tiller Road

Docklands, London E14 8PX Date: 30th December 2024.

Page 14

Listening Ears Limited Statement of Financial Activities For the Year Ended 31 March 2024

Unrestricted
Funds
Notes
£
INCOMING RESOURCES
Incoming Resources from
generated funds
Voluntary Income
Donations
2
15,217
Grant income
Grants received
3
-
Investment Income
Bank Interest received
3a
7
Total Incoming Resources
15,224
RESOURCES EXPENDED
Resources expended on Charitable
Activities:
Charitable activities costs
4
6,457
Cost of generating voluntary income
5
744
Resources Expended
7,201
Other Resources Expended
Governance costs
6
579
Other support costs
7
3,197
3,776
Total Resources Expended
10,977
Net incoming resources for the year
4,247
RECONCILIATION OF FUNDS
Net movement in funds
4,247
Fund balances brought forward
4,118
Transfer of funds
-
Fund balances carried forward
8,365		 Unrestricted
Funds
Notes
£
INCOMING RESOURCES
Incoming Resources from
generated funds
Voluntary Income
Donations
2
15,217
Grant income
Grants received
3
-
Investment Income
Bank Interest received
3a
7
Total Incoming Resources
15,224
RESOURCES EXPENDED
Resources expended on Charitable
Activities:
Charitable activities costs
4
6,457
Cost of generating voluntary income
5
744
Resources Expended
7,201
Other Resources Expended
Governance costs
6
579
Other support costs
7
3,197
3,776
Total Resources Expended
10,977
Net incoming resources for the year
4,247
RECONCILIATION OF FUNDS
Net movement in funds
4,247
Fund balances brought forward
4,118
Transfer of funds
-
Fund balances carried forward
8,365		 Restricted
Funds
£
-
31,588
-		 Total
Funds
2024
£
15,217
31,588
7
46,812
16,661
744
17,405
1,584
5,329
6,913
24,318
22,494
22,494
7,557
-
30,051		 Total
Funds
2023
£
14,961
30,493
-
15,224 31,588 45,453
6,457
744		 10,204
-		 33,043
333
7,201 10,204 33,376
579
3,197		 1,005
2,132		 2,622
7,638
3,776 3,137 10,260
10,977 13,341 43,636
4,247 18,247 1,817
4,247
4,118
-		 18,247
3,439
-		 1,817
5,738
-
8,365 21,686 7,555

Page 15

Listening Ears Limited Balance Sheet At 31 March 2024

Unrestricted Restricted Total Total
Funds Funds Funds Funds
Notes 2024 2023
£ £ £ £
Fixed Assets
Tangible fixed assets 11 4,550 - 4,550 5,525
4,550 - 4,550 5,525
Current Assets
Debtors 12 - - - -
Cash at bank and in hand 4,815 21,686 26,501 3,332
4,815 21,686 26,501 3,332
Creditors: Amounts falling due
within one year 13 - (1,000) (1,000) (1,300)
Net Current Assets 4,815 20,686 25,501 2,032
Net Assets 9,365 20,686 30,051 7,557
Funds 14
Unrestricted Funds 8,365 4,118
Restricted Funds 21,686 3,439
30,051 7,557

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Trustees on 28th December 2024 and were signed on its behalf

Mosad'Oluwa Orotayo

Chair of Board of Trustees

Page 16

Listening Ears Limited Notes to the Financial Statements For the Year Ended 31 March 2024

1 Accounting Policies

Accounting Convention

The accounts have been prepared in accordance with all applicable accounting standards, FRS 102, the Statement of Recommended Practise (SORP), “Accounting and Reporting by Charities” revised 2015 (FRS 102) and the Companies Act 2006, except for the alternative headings that have been used in the Statement of Financial Activities, as the Trustees feel that the revised headings make the accounts easier to read for a non-financial audience. The principal accounting policies adopted in the preparation of the accounts are set out below.

The charity constitutes a public benefit entity as defined by FRS102.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the charitable company qualifies as a small charitable company.

Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Grants and Donations

Income from grants and donations is included in incoming resources when these are receivable.

Going concern

The Charity’s activities, together with the factors likely to affect its future performance and position are set out in the Report of the Trustees on pages 2 to 8 which describes the structure, governance and management of the Charity; its risk management policies and procedures, its objectives and activities, the achievements, performance and financial position of the Charity, and its plans for the future. After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its objectives and activities for the public benefit for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

Resources Expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Cost of generating funds

Cost of generating funds are those costs relating to the generation of income and includes cost related to the management of the charities activities.

Allocation and apportionment of costs

Support cost are those cost related to shared activities of the organisation and are apportioned on a basis considered appropriate to the underlying activities.

Governance costs

Governance costs are the costs associated with the strategic direction of the charity and with meeting regulatory responsibilities.

Fund accounting

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

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

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

Page 17

Listening Ears Limited Notes to the Financial Statements For the Year Ended 31 March 2024

2
Voluntary Income
General donations
3
Grant Income
The Royal Borough of Greenwich
City Bridge
HNC UK Management
London Cmmunity Foundation
Contribution Revenue
Peabody PCF
Awards for All
3a Investment Income
Bank Interest received
Resources Expended
4
Charitable activities cost
Project support costs
Wages and other direct cost
Travel and subsistence
Hire of hall
Printing and publicity
5
Cost of generating voluntary income
Office entertainment
IT /zoom operation expenses
Storage expenses
6
Governance costs
Accountancy services
Independent examination
Bank charges
Subscription
Consultancy fees		 31.03.24
£
15,217
15,217
31.03.24
£
1,097
5,525
7,046
7,995
-
-
9,925
31,588
31.03.24
7
7
31.03.24
£
4,959
9,446
1,113
1,118
25
16,661
31.03.24
£
639
105
-
744
31.03.24
£
500
500
131
253
200
1,584		 31.03.23
£
14,961
14,961
31.03.23
£
13,118
-
-
-
6,500
1,275
9,600
30,493
31.03.23
-
-
31.03.23
£
4,140
27,328
1,005
505
65
33,043
31.03.23
£
200
104
29
333
31.03.23
£
900
500
97
76
1,050
2,622

Page 18

Listening Ears Limited Notes to the Financial Statements For the Year Ended 31 March 2024

7
Other support costs
Motor vehicle expenses
Pension
Personal development
Insurance
Telephone, internet and fax
Software
Rent
Depreciation
8
NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting):
Depreciation - owned assets
Independent examination fees		 31.03.24
£
60
-
-
300
509
-
3,485
975
5,329
31.03.24
£
975
1,000
1,975		 31.03.23
£
305
855
-
611
1,042
175
3,675
975
7,638
31.03.23
£
975
1,300
2,275

9 TRUSTEES' REMUNERATION AND BENEFITS

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

There were no trustees' expenses paid neither for the year ended 31 March 2024 nor for the year ended 31 March 2023.

10 STAFF COSTS
Wages and other direct cost
Social security costs
Pension Cost		 31.03.24
£
8,875
571
-
9,446		 31.03.23
£
24,709
2,620
855
28,184

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

31.03.24 31.03.23
2 5

No employees received emoluments in excess of £60,000.

Page 19

Listening Ears Limited Notes to the Financial Statements For the Year Ended 31 March 2024

11 Tangible Fixed Assets

All assets relate to the Charity and are used for charitable purposes.

Cost
At 1st April 2023
Improvements
Additions
At 31st March 2024
Depreciation
At 1st April 2023
Charge for the year
At 31st March 2024
Net Book Value
At 31st March 2024
Net Book Value
At 31st March 2023
12
Debtors
Prepayment
13
Creditors: Amounts falling due
within one year
Accrued expenses		 Motor Vehicle
6,500
-
-
6,500
975
975
1,950
4,550
5,525		 Office
Furniture
& Equipment
£
657
-
-
657
657
-
657
-
-		 Computer
equipments
£
1,066
-
-
1,066
1,066
-
1,066
-
-		 Total
£
8,223
-
-
8,223
2,698
975
3,673
4,550
5,525
31.03.2024
£
-
-
31.03.2024
£
1,000
1,000		 31.03.2023
£
-
-
31.03.2023
£
1,300
1,300

Page 20

Listening Ears Limited Notes to the Financial Statements For the Year Ended 31 March 2024

14 MOVEMENTS IN FUNDS

Unrestricted fund
Restricted funds		 At
1st April
2023
£
4,118
3,439		 Net
Movements
in funds
£
(4,247)
18,247		 Transfer
of
Funds
£
-
-
-		 At
31st March
2024
£
8,365
21,686
7,557 22,493 30,051

15 SUMMARY MOVEMENT IN FUNDS FOR THE YEAR

Unrestricted funds
Restricted funds		 Incoming
resources
£
15,224
31,588		 Resources
expended
£
(10,977)
13,341		 Movement
in funds
£
(4,247)
18,247
46,812 (24,318) 22,493

Page 21

Listening Ears Limited Detailed Statement of Financial Activities For the Year Ended 31 March 2024

INCOMING RESOURCES
Voluntary & Investment Income
Donations
City Bridge
HNC UK Management
London Community Foundation
Contribution Revenue
The Royal Borough of Greenwich
Peabody PCF
Awards for All
Bank interest received
Total income resources
RESOURCES EXPENDED
Other Charitable activities cost
Project support costs
Wages and other direct cost
Travel and subsistence
Hire of hall
Printing and publicity
Cost of generating voluntary income
Office entertainment
IT /zoom operation expenses
Storage expenses
Governance costs
Accountancy services
Independent examination
Bank charges
Subscription
Consultance fees
Support Costs
Motor vehicle expenses
Pensions
Insurance
Telephone, internet and fax
Software
Rent
Depreciation
Total Resources Expended
Net Expenditure		 31.03.24
£
15,217
5,525
7,046
7,995
-
1,097
-
9,925
7
46,812
4,959
9,446
1,113
1,118
25
16,661
639
105
-
744
500
500
131
253
200
1,583
60
-
300
509
-
3,485
975
5,329
24,318
22,494		 31.03.23
£
14,961
-
-
-
6,500
13,118
1,275
9,600
-
45,454
4,140
27,328
1,005
505
65
33,043
200
104
29
333
900
500
97
76
1,050
2,623
305
855
611
1,042
175
3,675
975
7,638
43,637
1,817

Page 22