Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Registered number: 07583069 Charity number: 1149n2 Colourful Life Foundation Trustees, Report ond Financiol Stotements For the Yeor Ended 31 Morch 2025 .JD INS AUDIT
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Contents Poge Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees, Report Independent Examiner's Report Statement of Financial Activities Bolance Sheet Notes to the Financial Statements
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Reference and Administrative Details of the Charity. its Trustees and Advisers For the Year Ended 31 March 2025 Trustees S Bennett A McQuillon P Newborough (Resigned 24 July 2025) Company registered number 07583069 Charity registered number 1149712 Registered office Unit 2D. Eogle Road Moons Moot North Industriol Estote Redditch Worcestershire B98 9HF Page 1
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Trustees, Report For the Year Ended 31 March 2025 The Trustees present their onnuol report together with the f inonciol statements of the Colourful Life Foundotion (the Compony) for the yeor 1 April 2024 to 31 Morch 2025. The Annuol Report serves the purposes of both o Trustees, report and o directors, report under compony low. The Trustees confirm thot the Annuol Report ond financial statements of the charitable company comply with the current statutory requirements. the requirements of the charitable company's governing document and the provisions of the Stotement of Recommended Proctice (SORP) applicoble to chorities preporing their accounts in occordonce with the Finonciol Reporting Stondord opplicoble in the UK ond Republic of Ireland (FRS102) (effective 1 January 2019). Since the Charity qualifies as small under section 382 of the Companies Act 2006. the Strategic Report required of medium ond large componies under the Componies Act 2006 (Strotegic Report ond Directors, Report) Regulations 2013 hos been omitted. Structure. governance and monogernent a. Constitution Colourful Life Foundation is registered os o choritoble compony limited by guarontee ond was set up by o Memorondum of Associotion on 29 Morch 2011. Its registered chority number is 1149712. The principal objects of the Foundation are.. the odvoncement of heolth or soving lives." the advancement of education. ond the promotion of any other charitable purposes for the benefit of the public. Page 2
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Trustees, Report (continued) For the Year Ended 31 March 2025 Structure. governance and monogement (continued) b. Methods of appointment or election of Trvstees The management of the Chority is the responsibility of the Trustees who ore elected and co-opted Ljnder the terms of the Trust deed. The Trustees moy. by ordinory resolution. oppoint o person who is willing to oct os o Trustee. ond determine the rototion in which ony additionol Trustees are to retire. No person. other thon o Trustee retiring by rototion, may be oppointed o Trustee ot ony generol meeting unless.. he or she is recommended for election by the Trustees- or not less thon fourteen nor more than thirty five cleor days before the start of the meeting. the Charity is given a notice that.. is signed by o member entitled to vote ot the meeting., stotes the member's intention to propose the appointment of o person os o Trustee." contoined the detoils thot. if the person were to be appointed. the Charity would have to file at Companies House.. and is signed by the person who is proposed to show his or her willingness to be oppointed. All members who are entitled to receive notice of o general meeting must be given not less than seven nor more thon twenty eight clear days, notice of any resolution to be put to the meeting to appoint o Trustee other than a Trustee who is to retire by rototion. A Trustee appointed by a resolution of the oiher Trustees must retire ot the Annual General Meeting and must not be taken into account in determining the Trustees who are to retire by rotation. c. Policies adopted for the induction and troining of Trustees New Trustees undergo an induction session to brief them on their legol obligotions under chority and compony low. the content of the Nemorondum and Articles of Association. the decision moking processes and the business plan for the Charity. During the induction. they meet the other Trustees. Trustees are encouraged to attend appropriate external troining events where these will focilitote the undertoking of their role_ d. Organisation strurtvre and decision-moking policies The Board of Trustees administer the Chority. A McQuillan manoges the doy-to-day operations of the Charity. e. Risk management The Trustees hove assessed the major risks to which the Chority is exposed. in porticulor those related to the operotions ond finonces of the Chority. and ore sotisfied thot systems ond procedures ore in place to mitigote exposure to the major risks. Page S
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Trustees, Report (continued) For the Year Ended 31 March 2025 Objectives and activities a. Activities undertaken to achieve objertives The Colourful Life Foundation helps support communities predominontly in Africo and Indio. Helping provide education. supplies and bosic necessities for those in developing communities. the foundation helps IOOO'S of people. many of them children. every year. The Chority SLJPPOrts education and health projects in the developing world. either directly or via providing grants to other charitable orgonisations. The Chority works closely with the community to ensure thot investments ore wisely mode with positive long term impacts. b. Review of activities. achievements and performance With our network of local Ambossodors we hove delivered on the following exciting project which continued to show positive impocts.. Tanzania - We are proud to support Ace Africa's community development projects in Tanzania. helping to transform the lives of children within the community. Post year end. the Trustees have decided io close the charity and ceose choritoble activities. At the date these f inancial statements were approved for issue. the charity has not been deregistered with the Charity Commission. c. Grant-making policies When evaluating potential projects. the Trustees look for.. Empowerment of locol people Skills tronsfer Quontifioble objectives ond regulor reporting Cost effectiveness A long term, sustoinoble outcome Financial review a. Going concern The Trustees have assessed the Charity's ability to continue as a going concern. Post year end. the Trustees have decided to close the Chority ond cease choritoble octivitie5. At the date these financial stotements were opproved for issue. the chority hos not been deregistered with the Chority Commission. The accounts are therefore prepared on a basis other than the going concern basis. Page 4
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Trustees, Report (continued) For the Year Ended 31 March 2025 b. Reserves policy The Trustees review the reserve levels of the Chority onnuolly. This review encomposses the noture of income ond expenditure streams. the need to motch income with commitments and the nature of reserves. The Trustees take into consideration the future plans of the Charity. the uncertainty over future income streams and the other key risks identified during the risk review. The surplus reserves held by the Charity at 51 March 2025 were £59.146 (2024 - £27.681). c. Future development Post yeor end. the Trustees hove decided to close the Charity ond cease choritoble octivities. At the dote these f inancial stotements were approved for issue, the chority hos not been deregistered with the Charity Commission. d. Public benefit The Trustees have each received the Charity Commission's guidelines on public benefit and this forms part of the induction pock for new Trustees_ The Charity aims to build schools and fun(J teachers for the public benefit. in the areas in which it will be working. in order to ensure the advancement of education. To meet its objective of the advancement of health or saving lives. the Chority oims to build or improve current heolth facilities in the oreos in which it will operote. Members. liability The Members of the Charity guarontee to contribute an amount not exceeding £10 to the assets of the Charity in the event of winding up. 23-Dec-25112:03 PM GMT ond signed on their beholf by.. Approved by order of the members of the boord of Trustees on Docuslgned by.. Dfj187 55D01743F. A McQuillon Trustee Page 5
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Independent Examiner's Report For the Year Ended 31 March 2025 Independent Examiner's Report to the Trustees of Colourful Life Foundation Cthe Chority.) I report to the charity Trustees on my exominotion of the accounts of the Chority for the year ended 31 March 2025. Responsibilities and Basis of Report As the Trustees of the Chority (ond its directors for the purposes of compony low) you are responsible for the preporation of the occounts in occordonce with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself thot the occounts of the Chority 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 Charity's accounts carried out under secfion 145 of the Chorities Act 2011 ('the 2011 Act,). In carrying out my exominotion I have followed the Directions given by the Chority Commission under section 145(5)(b) of the 2011 Act. Independent Examinerfs Statement I have completed my examination. I confirm that no matters. other than those fully detailed below, have come to my attention in connection with the exomination giving me reosonoble cause to believe thot in ony moterial respect.. occounting records were not kept in respect of the Chority os required by section 386 of the 2006 Act., or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement thot the occounts give a 'true ond fairf view which is not o matter considered as port of on independent exominotion." or the occounts hove not been prepared in occordance with the methods ond principles of the Stotement of Recommended Practice for occounting ond reporting by chorities [opplicoble to chorities preparing their accounts in accordonce with the Finonciol Reporting Standord applicable in the UK and Republic of Ireland (FRS 102)] Page 6
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Independent Examiner's Report (continued) For the Year Ended 31 March 2025 Emphasis of Matter We drow attention to note 2.5 in the occounts which explains that. post year end. the TrLJStees hove decided to close the Charity and cease charitoble activities. Accordingly. the accounts have been prepared on a basis other than going concern. This report is mode solely to the Chority's Trustees. os o body. in occordonce with Port 4 of the Chorities (Accounts ond Reports) Regulations 2008. My work has been undertaken so thot I might state to the Charity's TrLJStees those matters I am required to state to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by low, I do not accept or ossume responsibility to anyone other thon the Chority and the Charity's Trustees os o body. for my work or for this report. SlgThed ty. Signed. Dated.. 23-Dec-25112".06 PM GMT z1B3AC8C7EEfj.. Korina Porsons, FCA Doins Audit Limited, Birminghom Page 7
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Statement of financial octivities (Incorporoting income ond expenditure account) For the Year Ended 31 March 2025 Unrestricted funds 2025 Total funds 2025 Total f unds 2024 Note Income from: Donotions ond legacies 162,500 162,500 105,000 Total income 162.500 162.500 105,000 Expenditure on: Charitable activities.. Gronts to choritoble orgonisotions Other choritoble activities 130.000 130,000 88,000 1.035 1.035 5,233 Total expenditure 131.035 131.035 93.233 Net movement in funds 31.465 31.465 11.767 Reconciliation of funds: Total f unds brought forward Net movement in funds 27.681 27.681 15.914 31.465 31.465 11.767 Total funds carried forward 59.146 59.146 27.681 The Stotement of Financiol Activities includes all goins and10sses recognised in the year. The notes on poges 11 to 17 form port of these finonciol stotements. Page 8
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Registered number: 07583069 Balance Sheet As ot 31 March 2025 2025 2024 Note Fixed assets Tangible assets 40 40 Current assets Debtors 57.500 25.000 Cosh ot bonk ond in hond 3.086 4,081 60,586 29.081 Current liabilities Creditors.. amounts falling due within one year (1.440) (1.440) Net current assets 59.146 27.641 Total net assets 59.146 27.681 Charity funds Restricted funds 10 Unrestricted funds 10 59.146 27.681 Total funds 59.146 27.681 Page 9
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Registered number: 07583069 Balance Sheet (continued) As ot 31 March 2025 The Charity was entitled to exemption from audit under section 477 of the Componies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees ocknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records ond preporotion of financiol statements. The financiol statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The finonciol stotements were approved ond outhorised for issue by ond signed on their behalf by.. the Trustees on 23-Dec-25112.'03 PM GMT Docu34gned by.. D6187755D01743F... A McQuillan Trustee The notes on pages 11 to 17 form part of these financial statements. Page 10
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 March 2025 General information ColoLJrful Life Foundation is o charitoble company (limited by guarantee) incorporated in England and Wales and registered with the Charity Commission. The Company's registered office address. charity number and compony number ore given on the Reference ond Administrative Detoils section of these f inanciol stotements. The noture of the Chority's operotions ond principol octivities ore detoiled in the Trustee's Report. Accounting policies 2.1 Basis of preparation of financial statements The finonciol stotements hove been prepored in occordonce with the Chorities SORP (FRS 102)- Accounting and Reporting by Chorities". Stotement of Recommended Proctice opplicable to chorities preparing their accounts in accordonce with the Financial Reporting Standord opplicoble in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). the Financial Reporting Standard applicable in the UK and Republic of Irelond (FRS 102) and the Componies Act 2006_ Colourful Life Foundotion meets the definition of o public benefit entity under FRS 102. Assets ond liobilities are initiolly recognised ot historical cost or tronsaction value unless otherwise stated in the relevant accounting policy. 2.2 Compony status The Chority is o compony limited by guorontee. The members of the company ore the Trustees named on poge 1. In the event of the Chorily being wound up. the liobility in respect of the guarantee is limited to £10 per member of the Charity. 2.3 Going concern The Trustees hove ossessed the Chority's obility to continue os o going concern. Post year end. the Trustees hove decided to close the chorily ond cease chariloble octivities. At the dote these financial statements were approved for issue. the charity has not been deregistered with the Charity Commission. The occounts ore therefore prepored on o bosis other thon the going concern bosis. 2.4 Income All income is recognised once the Charity has entitlement to the income. it is probable that the income will be received and the omount of income receivoble con be meosured reliobly. Donations are recognised on o receivable basis (where there ore no performance-related conditions attached) where the receipt is probable and the amount can be reliably measured. Income tox recoverable irh relation to donotions received under Gift Aid or deeds of covenont is recognised ot the time of the donotion. Page 11
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 March 2025 Accounting policies {continued) 2.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to third porty, it is proboble thot o tronsfer of economic benef its will be required in settlement ond the omount of the obligation con be measured reliobly. Expenditure on choriloble oclivities is incurred on directly undertaking the activities which further the Charity's objectives. as well os any associated support costs and costs relating to the governance of the Charity. Gronts poyoble ore charged in the yeor when the offer is mode except in those coses where the offer is conditional. such gronts being recognised os expenditure when the conditions attaching ore f Ljlfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued os expenditure_ 2.6 Tangible fixed assets ond depreciation Tongible fixed ossets are initially recognised ot cost. After recognition. under the cost model. tangible fixed assets are measured at cost less accumulated depreciation and ony accumulated impairment losses. Depreciotion is chorged so os to ollocote the cost of tongible fixed ossets less their residuol volue over their estimoted useful lives. using the stroight line method. Depreciation is provided on the following basis.. Fixtures and fittings 25% straight line 2.7 Debtors Prepayments ore volued ot the omount prepoid net of ony trode discounts due. 2.8 Cash at bank and in hand Cash at bank and in hand includes cosh and short-term highly liquid investments with a short maturity of three months or less from the dote of acquisition or opening of the deposit or similar account. 2.9 Liabilities ond provisions Liabilities are recognised when there is on obligation at the 8olonce Sheei dale as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimoted reliobly. Liobilities ore recognised ot the omount thot the Chority onticipotes it will poy to settle the debt or the amount it has received os advonced poyments for the goods or services it must provide. Page 12
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 March 2025 Accounting policies {continued) 2.10 Financial instruments The Charity only has financial assets and financial liabilities of a kind thot qualify as basic financial instruments. Basic finonciol instruments are initiolly recognised at tronsaction volue and subsequently meosured ot their settlement volue. 2.11 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtheronce of the generol objectives of the Chority and which hove not been designoted for other purposes. Income from donations and legacies Unrestricted funds 2025 Total funds 2025 Donations 162.500 162.500 Unrestricted f unds 2024 Total f unds 2024 Donotions 105.000 105.000 Poge15
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 March 2025 Anolysis of Expenditure by expenditure type Other Total f unds costs 2025 2025 Charitable activities direct costs 130.000 130.000 Governonce costs 1,055 1,035 131.055 131.055 Other Total f unds costs 2024 2024 Charitable activities direct costs 88.000 88.000 Support costs 783 783 Governance costs 4,450 4,450 95,253 93,253 Independent examinerfs remuneration 2025 2024 Fees poyable to the Chority's independent exominer for the independent examination of the Charity's annual accounts 990 990 Page 14
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 March 2025 Trustees, remuneration and expenses During the yeor. no Trustees received ony remunerotion or other benef its (2024 - £Nil). During the yeor ended 31 March 2025. no Trustee expenses hove been incurred (2024- £Nil). Tangible fixed assets Fixtures and fittings Cost or valuation At 1 April 2024 40 At 31 March 2025 40 Depreciation Charge for the yeor 40 At 31 March 2025 40 Net book value At 31 March 2025 At 31 March 2024 40 Debtors 2025 2024 Prepoyments ond accrued income 57.500 25.000 Page 15
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 March 2025 Creditors: Amounts falling due within one year 2025 2024 Accruals and deferred income 1,440 1,440 10. Statement of funds Statement of funds - cvrrent year Balance at 1 April 2024 Balance at 31 March 2025 Income Expenditure Unrestricted funds General Funds 27.681 162.500 (131.055) 59.146 Statement of funds - prior year Balance at 31 March 2024 Bolonce ot 1 April 2023 Income Expenditure Unrestricted funds General Funds 15,914 105,000 (93,233) 27,681 Page 16
Docusign Envelope ID.. l2657ABO-E5084ED6E2691967710AB Colourful Life Foundation (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 March 2025 11. Analysis of net assets between funds Analysis of net assets between fun(ts - current year Unrestricted funds Total funds 2025 2025 Current ossets 60.586 60.586 Creditors due within one yeor (1.440) (1,440) Total 59.146 59.146 Analysis of net assets between funds - prior year Unrestricted f unds 2024 Totol f unds 2024 Tongible fixed assets 40 40 Current assets 29,081 29,081 Creditors due within one yeor (1.440) (1.440) Total 27.681 27,681 12. Controlling party The Charity is controlled by the Boord of Trustees. Page 17