LIFE IWACT I•ITER•IATIONAL (UK) 8ALAIICE SHEET AT31 DECEklBER X 1Z9AI ## **LIFE IMPACT INTERNATIONAL (UK)** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** **Registered Charity No:** **1149463** ## **LIFE IMPACT INTERNATIONAL (UK)** ## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **CONTENTS** ||Pages| |---|---| |Report of the Trustees|1-3| |Independent Examiner’s Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Accounts|7| ## **LIFE IMPACT INTERNATIONAL (UK) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** The trustees present their report together with the financial statements of the charity for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies on page 7 and comply with the trust deed, applicable law and the Statement of Recommended Practice “Accounting and Reporting by Charities”. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity Number** 1149463 ## **Trustees and leadership team** The following trustees served during the year and up to the date of this report: Treasurer: Lana Marie Vasquez Trustee: David Tiong Teet Tan (resigned 1 October 2020) Trustee: Sunil Chothi Trustee: Janeene Chothi ## **Principal address** PO Box 77767 London SW16 9NL ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is governed by its deed of trust. ## **Objectives and activities** The object for which the Charity is established is to promote human rights throughout the world by all or any of the following means: - The promotion of awareness of human trafficking, its causes, manifestations and its destructive effects and adverse consequences, including within locations wherever potential victims may originate; - To contribute to the prevention and relief of human suffering of anyone who may have been the victim of human trafficking, in particular through the provision of immediate support including the provision of medical, psychological, educational and social support services to the victims of human trafficking; and - To contribute to the relief of financial and other hardship of anyone who may have been the victim of human trafficking, in particular through assistance with housing and social and community re-integration The trustees have taken regard to the guidance issued by the Charity Commission on public benefit. The charity works for the benefit of the public among at-risk children and young women by acting to reduce the number of victims of human trafficking and to provide a safe place for the victims or at-risk persons in which they will have an opportunity for education and vocational training and in turn stop the cycle of poverty and abuse in their generation. **-1 –** ## **LIFE IMPACT INTERNATIONAL (UK) REPORT OF THE TRUSTEES, continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **Objectives and activities, continued** The principle activities undertaken by the charity, in pursuit of this goal, are as follows: - Working with local authorities and partnering with other charities and organizations to assess at-risk cases and rescue children from dangerous and exploitive situations due to poverty and civil unrest; - Providing long-term aftercare homes for “at-risk” and rescued children around the world in their individual country and cultural context particularly in poor and destitute countries where child trafficking is widely seen as a means of income for the parents; - Promoting local and international awareness of the worldwide issues of child trafficking and exploitation in the forms of child labour, and child prostitution; and - Assisting impoverished families with humanitarian aid, job skills and job placement in order to raise the family’s economic level and reduce the economic pressure on the child of providing income for the family. ## **Achievements and performance** During the year ended 31 December 2020 the charity - Provided funds and basic educational materials as well as encouragement for a community that is seeking to provide housing, medical and educational facilities in an environment free from exploitation and abuse; - Started a new project called “supported projects” aimed at bringing basic food, economic, educational and medical relief and assistance to the very poor and disabled living in isolation or in small communities; - Continued to provide funds for a primary school set up in an isolated farming community where there were no schools for miles around previously. The number of children has increased from around 30 to around 45. Without this school, those children would not have gone to school and would most likely follow their parents to work in the farms seven days a weeks for very little income; - Continued to provide basic food, hygiene and other necessities to a home set up by a couple for very poor and orphaned children who have escaped persecution and danger from where they came; - Continued to conduct regular cookery classes to teenage children as well as English classes to children at different levels who normally do not speak or use English but want to learn; - Continued to bring relief, aid and encouragement to a community of people living at a rubbish dump, salvaging things that can be re-cycled for a living; and - Continued to encourage and aid local organisations already helping to bring relief to the poor and destitute **-2 –** ## **LIFE IMPACT INTERNATIONAL (UK) REPORT OF THE TRUSTEES, continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **Financial overview** The charity had a net deficit in unrestricted funds for this financial year of £1,057 (2019 – surplus £8,289). At the end of 2020, unrestricted funds totalled £12,970 (2019 - £14,027). Approved by the Board of Trustees and signed on their behalf by: ## **Sunil Chothi** Trustee Date: **- 3 -** ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LIFE IMPACT INTERNATIONAL (UK)** I report on the accounts of Life Impact International (UK) for the year ended 31 December 2020, which are set out on pages 5 to 8. ## **Respective responsibilities of Trustees and Examiner** The Trustees are responsible for the preparation of the accounts. The 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 needed. I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants. It is my responsibility: - to examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of Independent Examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent Examiner’s statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in respect of the charity in accordance with section 130 of the Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act 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. ## **Steven Teoh Chartered Certified Accountant** GiLon Chartered Certified Accountants 6 Chislett Row Chelmsford CM2 9QS Date: **- 4 -** ## **LIFE IMPACT INTERNATIONAL (UK)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** ||||**Total**|**Total**| |---|---|---|---|---| ||**Unrestricted**|**Restricted**|**funds**|**funds**| ||**funds**|**funds**|**2020**|**2019**| ||**£**|**£**|**£**|**£**| |**INCOME AND EXPENDITURE**||||| |**Incoming Resources**||||| |Incoming Resources from Generated Funds:||||| |Voluntary income (note 2)|219,252|-|219,252|18,423| ||-------------|-------------|-------------|-------------| |**Total Incoming Resources**|219,252|-|219,252|18,423| ||-------------|-------------|-------------|-------------| |**Resources Expended**||||| |Cost of generating voluntary income (note 3)|(220,309)|-|(220,309)|(10,134)| ||------------|-------------|-------------|-------------| |**Total Resources Expended**|(220,309)|-|(220,309)|(10,134)| ||------------|-------------|-------------|-------------| |**Net Movement in Funds**|**(1,057)**|**-**|**(1,057)**|**8,289**| ||------------|------------|------------|------------| |**RECONCILIATION OF FUNDS**||||| |Net Movement in Funds, as shown above|(1,057)|-|(1,057)|8,289| |Total Funds brought forward||||| |at 01 January 2020|14,027|-|14,027|5,738| ||--------------|--------------|--------------|--------------| |**Total Funds carried forward**||||| |**at 31 December 2020**|**12,970**|**-**|**12,970**|**14,027**| ||--------------|--------------|--------------|--------------| **- 5 -** ## **LIFE IMPACT INTERNATIONAL (UK)** ## **BALANCE SHEET AT 31 DECEMBER 2020** ||**2020**|**2019**| |---|---|---| ||**£**|**£**| |**Current assets**||| |Cash at Bank and in Hand|12,970|14,027| ||---------------|---------------| |**Net assets**
|**12,970**|**14,027**| ||---------------|---------------| |**Funds**||| |Unrestricted Fund|12,970|14,027| ||---------------|---------------| ||**12,970**|**14,027**| ||---------------|---------------| Approved by the Board of Trustees on …………. and signed on its behalf by: **Sunil Chothi** Trustee **- 6 -** ## **LIFE IMPACT INTERNATIONAL (UK)** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. Accounting Policies** ## **a). Basis of accounting** The financial statements have been prepared under the historical cost convention, and in accordance with the provisions of the Charity (Accounts and Reports) Regulations 2008, the Statement of Recommended Practice “Accounting and Reporting by Charities” and the Financial Reporting Standard for Smaller Entities (effective April 2008). ## **b). Income recognition** Donations and offerings are accounted for when received by the charity. ## **c). Resources expended** Expenditure is recognised in the Statement of Financial Activities as it is incurred. Expenses incurred wholly in pursuance of the charitable activities. ## **d). Taxation** The charity is exempt from tax on its charitable activities. ## **e). Funds accounting** Unrestricted funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose. 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. ## **2. Voluntary income** |**Donations and other offering**||| |---|---|---| ||**2020**|**2019**| ||**£**|**£**| |Amounts received for General Fund|214,812|15,052| |Tax rebate receivable|4,440|3,371| ||------------|------------| ||**219,252**|**18,423**| ||------------|------------| **- 7 -** ## **LIFE IMPACT INTERNATIONAL (UK)** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **3. Cost of Generating Voluntary Income** ||||**Total**|**Total**| |---|---|---|---|---| ||**Unrestricted**|**Restricted**|**funds**|**funds**| ||**funds**|**funds**|**2020**|**2019**| ||**£**|**£**|**£**|**£**| |Projects’ expenses|220,187|-|220,187|10,100| |General expenses|121|-|121|34| ||------------|------------|------------|------------| ||**220,309**|**-**|**220,309**|**10,134**| ||------------|------------|------------|------------| **- 8 –** ## **LIFE IMPACT INTERNATIONAL (UK)** **INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020** **The following pages are for management purposes only and do not form part of the financial statements** ## **LIFE IMPACT INTERNATIONAL (UK) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020** |||**2020**||**2019**| |---|---|---|---|---| ||**£**|**£**|**£**|**£**| |**INCOME**||||| |Donations and other offering||219,252||18,423| |**EXPENDITURE**||||| |Projects’ expenses|220,187||10,100|| |General expenses|122||34|| ||---------||---------|| |||(220,309)||(10,134)| |||------------||------------| |**(DEFICIT)/ SURPLUS FOR THE YEAR**||**(1,057)**||**8,289**| |||------------||------------| **- 1 -** LIFE IMPACT INTERNATIONAL (UK) REPOR T OF THE TRUSTEES (*Ytl1rn￿j FOR THE YEAR ENDED 31 DECEMBER 17al