Trustees’ Annual Report for the period
From 1[st] January 2023 To 31[st] December 2023
Charity name: LIFT UK
Charity registration number: 1147360
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objectives of LIFT are as follows: 1. To advance the education and training of vulnerable children, young people and adults living in urban settlements or rural poverty, by such means which the Trustees may from time to time determine. 2. To relieve poverty, sickness and preserve and protect the good health of vulnerable children, young people and adults living in urban settlements or rural poverty by the provision of health care and nutrition. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
LIFT UK fundraises and accepts donations in order to provide monies via a grant application to selected overseas projects. The overseas projects report regularly to LIFT in order to ensure correct usage of funds. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Steady fundraising has allowed us to provide funds for expansion of a school for the project that we support in Uganda and allow them to expand their program for intake of new students. As part of the grants we have provided, the money has been used to help relieve poverty in the Namawongu area of Kampala, Uganda by providing child and adult education and resources necessary to feed and clothe people. Continued support for one of our supported charities as they work through their first year of having their own board. As well as financial aid, we have again provided administrative support. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Sufficient funds are to be held on account in order to service an ongoing grant system to provide education and nursery places to children in Uganda under the Hands for Hope, Uganda project and the Ray of Hope project. By the end of the financial period we have maintained the reserve funds as above and diverted school fees to assist with the local effects of the cost of living rises. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
| Details of fund materially in deficit Para 1.24 Explanation of any uncertainties about the charity continuing as a going concern Para 1.23 |
Details of fund materially in deficit Para 1.24 Explanation of any uncertainties about the charity continuing as a going concern Para 1.23 |
|
|---|---|---|
| Additional information (optional) You may choose to include further statements |
where relevant about: | |
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The principal sources of funding are from monthly donations with larger sums coming from fund raising for specific projects. In this financial year, funds have been provided to service the ongoing grant system with Hands for Hope and Ray of Hope. Both projects are in line with the Trust objectives. Further specific fundraising and donations have been raised to support extra building and expansion projects. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other | We employ several overseas administrators and managers to ensure the Trusts money is being allocated properly. As part of our Trustees meetings a representative of the projects we are supporting joins us via video call so that we can receive up to date reporting on how the |
grants are being used to make sure they are being used as intended. This year we have been involved with supporting the formation of a charity board in Uganda. Video conferencing has been used to share information and ideas.
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Declaration of Trust |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trustee Constitution |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
Charity name Other name the charity uses Registered charity number Charity’s principal address
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Mr Robert Carter | Chair/ A&B Diocese/ schools liaison |
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| Mr Richard Woolley |
UK Finance & Legal & donor liaison |
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| Ms Susan Barty |
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| Miss Tamryn Alexandra Stowell |
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| Mr Peter Woodman | ||||
| Yik Tuan Lee | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Name of chief executive or names of senior staff members (Optional information) | ||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
The 2023 financial year has provided similar challenges to last year and we continue to focus on providing full support for our supported charities. We have however benefitted from slightly higher interest rates this year which has increased our reserve fund slightly. We have assessed our reserves and deem them to be sufficient despite the rising cost of living in Uganda.
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Richard Woolley Position (eg Secretary, UK Finance Chair, etc) Date 03/10/2024
Charity Name No (if any) LIFTUK 1147360 Receipts and payments accounts CC16a
| For the period from |
Period start date 01-Jan-23 |
To | Period end date 31-Dec-23 |
|---|---|---|---|
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 97,303 104,289 233 - - - - - 201,825 - - - 201,825 213,156 - |
Restricted funds to the nearest £ - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - |
Total funds to the nearest £ 97,303 104,289 233 - - - - - 201,825 - - - 201,825 213,156 - |
Last year to the nearest £ |
|---|---|---|---|---|---|
| Allocated Funds - Regular Donations | 97,303 | 92,648 | |||
| Allocated Funds - Single Donations | 104,289 | 72,594 | |||
| Interest | 233 | 26 | |||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| ~~Sub total~~~~(Gross income for~~ AR) |
201,825 |
165,268 | |||
| A2 Asset and investment sales, (see table). |
|||||
| - | |||||
| - |
- | ||||
| ~~Sub total~~ | - | - | |||
| Total receipts A3 Payments |
|||||
| 165,268 | |||||
| Hands for Hope - School fees | 213,156 | - | 213,156 | 111,156 | |
| Hands for Hope - Building Grant | - | - | - | - | - |
| Hands for Hope - Purchases | 564 | - | - | 564 | 528 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Refunds | - | - | - | - | - | ||||
| Consultancy Fees | 13,000 | - | - | 13,000 | 13,700 | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| **Sub total ** | 226,720 | - | - | 226,720 | - 125,384 | ||||
| A4 Asset and investment purchases, (see table) |
|||||||||
| - | - | - | - | ||||||
| - | - | - | - | ||||||
| **Sub total ** | - | - | - | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||||||
| - 125,384 | |||||||||
| - 24,895 | 39,884 | ||||||||
| - | |||||||||
| ~~170,619~~ | ~~149,205~~ | ||||||||
| 145,724 | 189,089 |
Section B Statement of assets and liabilities at the end of the period
Categories
B1 Cash funds
| Details LIFT Account Building Fund LIFT 100 Club Total cash funds |
Unrestricted funds to nearest £ 125,507 1,285 18,931 145,724 |
Restricted funds to nearest £ - - - |
Endowment funds to nearest £ |
|---|---|---|---|
| 125,507 | - | ||
| 1,285 | - | - | |
| 18,931 | - | - | |
| 145,724 | - | - |
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the charity’s own use
| (agree balances with receipts and payments account(s)) Details Details Details |
OK Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs Fund to which asset belongs |
OK Restricted funds to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - |
OK |
|---|---|---|---|
| Endowment funds to nearest £ |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - |
| - | - | |
|---|---|---|
| - | - | |
| - | - |
B5 Liabilities
Signed by one or two trustees on behalf of all the trustees
| Details Signature |
Fund to which liability relates Amount due (optional) - - - - - Print Name Richard Woolley |
When due (optional) |
|---|---|---|
| Date of approval |
||
| Richard Woolley | 03/10/2024 | |