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2025-03-31-accounts

Charity Number: 1148139 Company Number: 08102521

LIFE LINK, LLANDRINDOD

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

LIFE LINK, LLANDRINDOD

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CONTENTS

Page
1 Legal and Administrative Information
2 – 3 Report of the Trustees
4 Independent Examiner’s Report
5 Statement of Financial Activities
(including Income and Expenditure Account)
6 Balance Sheet
7 - 13 Notes to the Financial Statements

LIFE LINK, LLANDRINDOD LEGAL AND ADMINISTRATION INFORMATION

TRUSTEES: T J Rowlands (Chairman) J I Davies K Ferreira R Mercy (Appointed 31 October 2024) SECRETARY: K Ferreira (appointed 1 April 2024) REGISTERED OFFICE: Festival Church Llandrindod Spa Road East Llandrindod Wells Powys LD1 5ES REGISTERED COMPANY NUMBER: 08102521 REGISTERED CHARITY NUMBER: 1148139 INDEPENDENT EXAMINER: A C Jones Andrew Jones & Co Chartered Accountants The Old Surgery Spa Road Llandrindod Wells Powys LD1 5EY

1

LIFE LINK, LLANDRINDOD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report with the Financial Statements of the Charity for the year ended 31 March 2025.

The Financial Statements comply with the Charities Act 2011, the Companies Act 2006, the memorandum and Articles of Association, 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) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

OUR PURPOSES AND ACTIVITIES

Objectives and aims:

The objectives of the Charity are for the benefit of the public:

  1. to relieve poverty and financial hardship of those persons who are in need by reason of their age, ill health, disability, social or economic circumstances by the provisions of funds, goods and services.

  2. to relieve sickness and to promote and preserve good health to those persons who are in need by reason of their age, ill health, disability, social or economic circumstances by the provision of funds, goods or services of any kind, including through the provision of counselling support, in such parts of the United Kingdom or the world as the directors from time to time may think fit.

  3. to advance education in such a way and in such parts of the United Kingdom or the world as the directors from time to time think fit.

  4. to advance in life and relieve the needs of children and young people through the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals

  5. to promote such other purposes recognised as charitable under the laws of England and Wales as the directors may from time to time think fit.

ACHIEVEMENTS AND PERFORMANCE

Jigsaw has had another very successful year with increasing numbers and the setting being full to capacity on many days. A new member of staff has joined the team, as one goes on maternity leave in June. Due to the continued high numbers of children, it will be possible to keep this member of staff when our colleague returns from maternity leave in 2026.

PLANS FOR THE FUTURE

Summer 2025 will see an extension to the 2+ room, allowing numbers to increase to 50 from September. The toilets have been extended to accommodate this increase. A grant has been awarded which will pay for safety flooring to be added to the outdoor area, allowing for more risky play and ensuring the outdoor area is fit for purpose.

FINANCIAL REVIEW

Total Income in the year was £284,825 compared to £242,919 in 2024. Expenditure increased in the year to £284,987 compared to £235,525 in 2024.

Net expenditure for the year was £162 compared to Net Income of £7,394 for the previous year. The net movement in funds were net expenditure for Restricted Funds of £521 (2024 – net income £1,109) and net income for Unrestricted Funds of £359 (2024 – net income £6,285). A detailed breakdown of Income and Expenditure is provided in the notes to the Financial statements.

Reserves Policy

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, should be approximately three months of unrestricted resources expended which is estimated at £75,000. At 31 March 2025, the Charity had free reserves of £97,261 (2024– £93,932).

2

LIFE LINK, LLANDRINDOD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

LEGAL AND ADMINISTRATION

Legal and administration details are given on page 1.

GOVERNING DOCUMENT

Life Link, Llandrindod is a company limited by guarantee and a registered Charity governed by its Articles of Association. The governing body of the charity is known as the board of directors (trustees) under those Articles of Association.

RISK REVIEW

The Trustees have conducted their own review of the major risks to which the Charity is exposed to and systems have been established to mitigate those risks. These procedures are periodically reviewed to ensure they still meet the needs of the Charity.

TRUSTEES’ RESPONSIBILITIES

The Trustees, (who are also directors of Life Link, Llandrindod for the purposes of company law) are responsible for preparing the Trustees’ Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

The Trustees are responsible for keeping 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. 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 Report of the Trustees has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2015) and in accordance with special provisions of Part 15 to the Companies Act 2006 relating to small companies.

Approved by the Trustees on 8 December 2025 and signed on their behalf by:

T J Rowlands Chair

3

LINK LINK, LLANDRINDOD

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LIFE LINK, LLANDRINDOD

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

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 the Company’s accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the ICAEW (the Institute of Chartered Accountants in England and Wales).

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me reasonable 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 ‘true and fair view which is not a matter considered as part of an independent examination; and

  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 [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters to which your attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A C Jones BSc (Econ) FCA Andrew Jones & Co Chartered Accountants The Old surgery Spa Road Llandrindod Wells Powys LD1 5EY

9 December 2025

4

LIFE LINK, LLANDRINDOD

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

INCOME
Note
Charitable Activities
Other Income
TOTAL INCOME
2
EXPENDITURE
Charitables Activities
TOTAL EXPENDITURE
3
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS
Transfer Between Funds
5
NET INCOME/(EXPENDITURE) AND NET
MOVEMENT IN FUNDS FOR THE YEAR
Total Funds Brought Forward
Total Funds Carried Forward		 Unrestricted
Funds
£
79,533
1,480
81,013

134,882
134,882

(53,869)
54,228

359
105,087
105,446		 Restricted
Funds
£

203,812

-

203,812



150,105

150,105



53,707

(54,228)



(521)

6,974

6,453		 Total
Funds
Year Ended
31/3/2025
£

283,345

1,480

284,825



284,987

284,987



(162)

-



(162)

112,061

111,899		 Total
Funds
Year Ended
31/3/2024
£

241,401

1,518

242,919


235,525

235,525


7,394

-


7,394

104,667

112,061

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing activities.

The notes on pages 7 to 13 form an integral part of these Financial Statements.

5

LIFE LINK, LLANDRINDOD

BALANCE SHEET AT 31 MARCH 2025

FIXED ASSETS
Note
Tangible Assets
6
CURRENT ASSETS
Debtors
7
Cash at Bank and In Hand
CURRENT LIABILITIES
Creditors Amount Falling Due Within One Year
8
NET CURRENT ASSETS
NET ASSETS
12
THE FUNDS OF THE CHARITY
Unrestricted Funds:
General Funds
Unrestricted Funds
10
Restricted Funds
11
TOTAL FUNDS
12		 2025
£
£
14,638
14,638
7,269
99,066
106,335
(9,074)
97,261
111,899
105,446
105,446
6,453
111,899		 2024
£
£
18,129
18,129
3,026
96,954
99,980
(6,048)
93,932
112,061
105,087
105,087
6,974
112,061		 2024
£
£
18,129
18,129
3,026
96,954
99,980
(6,048)
93,932
112,061
105,087
105,087
6,974
112,061
112,061

For the year in question, the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the accounts.

Approved by the Trustees on 8 December 2025 and signed on their behalf by:

T J Rowlands Chairman

Company Number: 08102521

The notes on pages 7 to 13 form an integral part of these Financial Statements

6

LIFE LINK, LLANDRINDOD

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

1 ACCOUNTING POLICIES Basis of Preparation

The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity is not required to prepare a Statement of Cash Flows.

The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Preparation of Accounts on a Going Concern Basis

The trustees consider that the financial statements can be prepared on a going concern basis.

Exemption from Preparing a Cash Flow Statement

The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements .

Income

Income including capital grants for the purchase of fixed assets are included in full in the Statement of Financial Activities when these are receivable.

Income represents amounts receivable in the year for income for donations, grants, therapy receipt donations, fund-raising, subscriptions including life memberships and interest received.

Income in the form of donated assets is included in the Income and Expenditure Account at a reasonable estimate of their value and capitalised where appropriate.

Expenditure

Expenditure is included in the Statement of Financial Activities on an accrual’s basis, inclusive of any VAT which cannot be recovered.

Charitable Expenditure comprises those costs directly attributable to direct charitable activities.

Governance costs comprise all costs involving public accountability of the Charity and its compliance with regulations and good practice. These costs include independent examination fees, legal fees and 10% of the staff costs for the Financial Administrator.

Tangible Fixed Assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Improvements to Property 5% straight line on cost Equipment 20% straight line (previously 15% reducing balance) Office Equipment 33.33% straight line (previously 15% reducing balance)

V oluntary Help and Gifts in Kind

No value has been put on the voluntary help received during the year.

Debtors

Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

7

LIFE LINK, LLANDRINDOD

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

Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Accounting for Separate Funds

The financial statements of a charity must differentiate between restricted and unrestricted funds.

Restricted funds are funds subject to specific conditions, imposed by the donor or by the specific terms of the charity appeal less amounts expended for these purposes. Designated funds are income funds of the Charity which have been set aside for specific purposes, less amounts expended for these purposes. Unrestricted funds are all the other funds of the charity.

Pensions

The Charity operates a defined contribution pension scheme for its employees. The assets of this scheme are held separately from those of the Charity, being invested with insurance companies. Pension costs charged in the Statement of Financial Activities disclosed in note 4 represent contributions payable by the Charity in the year.

8

LIFE LINK, LLANDRINDOD

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

2 INCOME
Income from Charitable Activities:
Grants Receivable
Flying Start
Jigsaw
Action for Children
3 Year Funding
Other Income:
Sundry Income
Interest Received
TOTAL INCOME
GRANTS
Grants received in the year were as under:
Powys County Council		 Unrestricted
Funds
£
-
-
79,533
-
-
79,533

-
1,480
1,480
81,013

Unrestricted
Funds
£
-
-		 Restricted
Funds
£

8,270

64,552

-

-

130,990

203,812



-

-

-

203,812


Restricted
Funds
£

8,270

8,270		 Total Funds
Year Ended
31/3/2025
£

8,270

64,552

79,533

-

130,990

283,345



-

1,480

1,480

284,825


Year Ended
31/3/2025
£

8,270

8,270		 Total Funds
Year Ended
31/3/2024
£

3,889

57,487

77,392

352

102,281

241,401


62

1,456

1,518

242,919

Year Ended
31/3/2024
£

3,889

3,889

9

LIFE LINK, LLANDRINDOD

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

3 EXPENDITURE
Charitable Activities:
Costs Directly Allocated to Charitable Activities:
Staff Costs - Flying Start
Staff Costs - Jigsaw
Staff Costs - 3 Year Old Funding
Staff Costs - Life Link
Employer National Insurance
Staff Pension Contributions
Staff Training
Snacks
Uniforms
Equipment and Consumables
Building Maintenance
Accommodation Costs
Insurance
Office Costs
Legal and Professional Fees
Payroll Fees
Depreciation
Governance Costs (See below)
ANALYSIS OF GOVERNANCE COSTS
Staff Costs
Accountancy
Independent Examiner’s Fee		 Unrestricted
Funds
£

-
62,494
-
27,972
4,849
1,839
404
4,509
-
2,835
4,572
11,922
743
2,458
2,038
720
4,223
3,304
134,882

Unrestricted
Funds
£
1,054
1,860
390
3,304		 Restricted
Funds
£

51,334

-

80,348

-

6,993

2,639

-

-

1,146

3,944

1,192

-

-

-

-

-

2,509

-

150,105


Restricted
Funds
£

-

-

-

-		 Total
Funds
Year Ended
31/3/2025
£

51,334

62,494

80,348

27,972

11,842

4,478

404

4,509

1,146

6,779

5,764

11,922

743

2,458

2,038

720

6,732

3,304

284,987


Total
Funds
Year Ended
31/3/2025
£

1,054

1,860

390

3,304		 Total
Funds
Year Ended
31/3/2024
£

38,468

78,768

36,637

28,334

7,640

3,492

523

3,967

-

9,145

2,680

11,266

707

2,105

2,795

720

5,503

2,775

235,525

Total
Funds
Year Ended
31/3/2024
£

975

1,500

300

2,775

10

LIFE LINK, LLANDRINDOD

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

5 TRANSFER BETWEEN FUNDS
The Transfer Between Funds In The Year Are:
Transfer of costs from Unrestricted Funds to Restricted Funds		 Unrestricted
Funds
£
54,228
54,228		 Restricted
Funds
£

(54,228)

(54,228)
6 TANGIBLE ASSETS
Improvements
to Property
£
Cost or Revaluation
At 1 April 2024
1,660
Additions
-
At 31 March 2025
1,660

Depreciation
At 1 April 2024
663
Charge for the year
83
At 31 March 2025
746

Net Book Value
At 31 March 2025
914
At 31 March 2024
997

7 DEBTORS
Other Debtors
Prepayments

8 CREDITORS: Amounts falling due within one year
Creditors
Accruals
Short-Term Compensated Absence (Holiday Pay)
 Equipment
£

35,359

3,241

38,600



19,044

5,832

24,876



13,724

16,315





Office
Equipment
£

3,042

-

3,042



2,225

817

3,042



-

817


2025
£
4,173
3,096
7,269


2025
£
2,398
1,950
4,726
9,074
Total
£

40,061

3,241

43,302


21,932

6,732

28,664


14,638

18,129

2024
£

2,721

305

3,026

2024
£

870

1,500

3,678

6,048

11

LIFE LINK, LLANDRINDOD

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

9 UNRESTRICTED FUNDS
Unrestricted Funds:
General Funds
Total Unrestricted Funds
10 RESTRICTED FUNDS
Restricted Income Funds:
Flying Start
3 Year Funding
Powys County Council
Restricted Capital Funds:
Powys County Council - IT Equipment
Powys County Council - Education
Equipment
Powys County Council - Equipment for
Jigsaw
Powys County Council - Sensory
Equipment
Powys County Council - Ipad's
Powys County Council - Sand pit
shelter
Total Restricted Funds		 At 1/4/2024
£
105,087
105,087

At 1/4/2024
£
-
-
-
-

246
3,375
777
2,576
-
-
6,974
6,974
Income

£

81,013

81,013



Income

£

64,552

130,990

6,282

201,824



-

-

-

-

618

1,370

1,988

203,812		 Expenditure
£

(134,882)
Transfers

£

54,228

54,228



Transfers

£

(9,463)

(44,765)

-

(54,228)



-

-

-

-

-

-

-

(54,228)		 At 31/3/2025
£

105,446

(134,882)
105,446


Expenditure
£

(55,089)

(86,225)

(6,282)
At 31/3/2025
£

-

-

-

(147,596)
-



(82)

(1,126)

(259)

(644)

(124)

(274)

164

2,249

518

1,932

494

1,096

(2,509)
6,453

(150,105)
6,453

The purposes of Restricted Capital Funds are annotated above.

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Funds - General Fund
Restricted Funds		 Tangible
Fixed
Assets
£
8,185
6,453
14,638		 Net
Current
Assets
£
97,261
-
97,261		 Total
£
105,446
6,453
111,899

12

LIFE LINK, LLANDRINDOD

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

12 TRUSTEES REMUNERATION AND EXPENSES

No remuneration directly or indirectly out of the funds of the Charity was paid or payable in the year to any Trustee or to any person or persons known to be connected with any of them.

No travel expenses were paid to a Trustee (2024 - £NIL). No Trustees were paid Volunteer Expenses in the year (2024 - £NIL).

13 TAXATION

The company is registered as a charity and is therefore not liable to Corporation Tax.

13