REGISTERED COMPANY NUMBER: CE001180 (England and Wale51 REGISTERED CHAIIITY NUMBER: 1156454 REPORT OF THE TRUSTEESAND UNAUDITED FINA14aAL STAYEMENTS FOA THE YEAR ENDED 31 MAACH 2021 FOR CHANGING LIVES DifKOT RE Group Accountants Llmited Chartered Certrfied Accountants The MalJngs Rosemary Lane Ha15tead Essex C09 IHZ CHANGIPIG UVES DIDCOT COP4TEPllS OF THE FINANCIAL sfATEMENTS FOR ThE YEAR ENDED 31 MARCH 2021 Report of the Trust••s Indep•hdent Examln*s Rewt St•temÈnt olFln•ndal ArtITAtI Balance She•t Nots5 to th• Flnand¥l Stat•m•nts 7 to 15 Oetslled Statrrnent of Nnancl•l Actlvltl•s 16 to 17 CHANGING UVES DIOCOT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 The trustÈes present thelr report wtth the finandal statements of the tharfty for the year ended 31 March 2021. The trustee5 have adopted the pr￿lSIonS of Staternent of Recommended Pract1￿ ISORPI "Attounting and ReportinE bv Charltles" IFRS 1021 Sn preparfn8 the annval report and flnandal statements of the chadty. The financizl statements have been prepared In accordarKe wtth the accountln8 pollties set out In note5 in the account5 and comply wlth ihe charity's governing document. the Charftles Act 2011 and Attountlng and Reporting bv Charities.. Statement of Retommended Pfartlce appllcable to charfties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland published on 16 July 2014 las amended by Update Bulletin I publlshed on 2 February 20161. The Charlty was Set up In 2012 by Val Prfor and has over 8 local employees and volunteers and always Carr1￿ a frlendly atrn05phere. OBJEcfivES AND ACTMTIES Oblertlves and alm5 The purpose of the charity Is to providè flnan¢lal asslstance to IndNiduals who Ilve wlthln 10 mlles of the Dldcot Shop. Grant requests are consldered where the Indivlduèl has a dlsabllity. ill health or general disadvanta8e. Slznlflcant actmtl Examples of some of th• attlvlt5es In thls financlal year Inelude thÈ purthast of mobillty 5WQter5 and providlnB food & furniture for dlsadvanta8ed famllles. Grants iotalling £11.542 were given thi5 year Ilndividuals £3,542, Institutions £8,CiIOI, 2020 £62.034 Ilndlvlduals £49,713, Instltution5 £12,321). Publlc beneflt The trus¢ee5 have had regard to the Charltles Commlsslon's guldance on publ1¢ benefft. All funds ralsed are used ftsr publSc benefit. Any local person may appfy for a gront, there ts no restrlctlon beyond the 10 rnile radius of the Dld¢ot shop. Soc141 Inv•stm•nts The charlty is not involved In Soclal Investment. Grintmakl Grants are put In wrltln8. All 8rant requests are consldered by the trustees. Where posslble no request Is denled. Except, loan requests, no money Is leant. rathtr good5 are Wven from stock or purchased for the cllènt. Volunt••rs Some people working the shops and driving for the tharlty do 50 on a voluntary basls. Our ablllty to make grants would be considerably reduced If everybody drew a salary. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles Help 15 provided to a number of pÈople every month, there Is a falrty equal split between cash 8rants and Stems from the shop given to furnish a home. Examples of items given from the shop Include furniture for a slngle mum stnJ88lln8 wlth finance and a homtless man who's house went in flames so was given a AÈW flat. Cash paymènts induded food for a famity who were stru881in8 wlth finances and to help a man pay for elertric bllls. 10 grants were made in the year. Fundra151n8 artMtI•$ We sell donated goods at a rÈasonable prlce. Income detteased by 30.7% frorn last year. Pagè I CHANGIP46 U¥E5 DIDCOT REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 FINANCIAL REVIEW Flnan¢lal posltlon The charltles carried fonward figure for thls year Is £50.93912020.' £69,201). These funds wlll enable the ¢harity to continue to operate for a further year. While income from both shops and donatlons wlll ertsure thls sltuatlon contSnues. Prlnclpal lundlng sources The charity'5 principal Sovfces of funds is the Sale of donated goods Reservt5 poIIcy No fund5 are held in reserve, all are available ft>r cllent 8rants. sfRUCTURE, GOVERNANCE AND MANAGEMENT Governln8 document The charity is controlled by its 8overnln8 document. a deed of tnbst. Chan8lng Live5 Didcot Is a corporate body, w￿h limited liabllity formed vnder charity law. and registered solely with the charlty commlsslon. The charlty Is a CIO. R*crultrnent ¥nd ¥ppolntm•nt of tru#ees Every trustee must be appolnted fgr the term of three years by resolutlon passed * a properfy ¢onvened meetlng of the charlty trustees. In 5electln8 IndlvSduals for appolntment as charlty trusttes, the charfty trustees must have regards to the 5kill'5, knowled8e and experlert￿ needed for the effe¢tlv¢ admlnistratlon ofthe CIO. Organlsatlonal stNctur• There are three Trustees.alon8 w￿h Val Prlor the manager. Vanessa Prlor the asslstant manager and staff. Grant declslons are made by the trustees and Val. Indurtlon and tr•lnlng ol n•w trustees Potentlal trustees are cons5deréd and trained In Ilne wlth the Charlty Commlsslon 8uldellnes. Statt are paSd the Government pre5crlbed lfvlng wage. REFERENCE AND ADMINISTRATIVE DET￿Ls Re81stered Comparty number CE001180 IEn8land and Wale51 R•ihtel￿ Charlty nymber IIS6454 Re8kstered offl¢e 60-62 Broadway Dldtot Oxfordshire OXII 8AE Trusl••$ Mrs L J Sak Trusteè l T Rousè Trustee S Green lappointed 5iin0221 Page 2 CIIANGING LIVES DifKoT REPORT OF THE TRUSfEES FOR THE YEAR ENDED 31 MARCH 2021 REFERENCE ANO ADMINISTRATIVE DETAILS Independent Examlner RE Group Accountants Limited Chartered Certified Accountants The Maltings Rosemary Lane Halstead Essex C09 IHZ Approved by order uf the board of trustees on 18 Marth 2022 and 518ned on Its behalf by.. Trustee Page 3 INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF CHANGING UVES DIDCOT Independent examlner's report to the trust￿ of Chanelng Uvès Dldcot (Yhe Company,) I report to the charity trustees on my examSnatlon of the account5 of the Company for theyearended 31 March 2021. Re$ponslblNtles and basts of report As the charity'5 trustees of the Company land 3150 its dIrectO￿ for the purposes of company lawl you are responsible for the preparatlon ofthe accounts In accordan￿ wtth the requlrements of the Companles Act 2CXJ6 l*he 2C(kS Art'l. Havln8 satisfied myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 2C(6 Act and are eli8ible for independent examlnation. I report In r￿pert of my examlnation of your charity's actounts 35 carrled out under sertion 145 of ihe Charitie5 Act 2011 1.the 2011 Act'l. In carrwng out my examination I have followed the Directions given by the Charity Commission under Se￿0￿ 145151 Ibl of the 2011 Art. Independent examlner's AatÈmenl- matters ol conc•m Id•nffi•d I have completed my examlnatlon. avlng completed my examlnatlon, I havt Identified matters of COn￿M In my report regardlng thè malntenance of suffltient accountSn8 records under sectlon 130 of the 2011 act. In partlcular, the charlty has not maintained satlsfactory record5 of Its cash based transartions and Ilmited detall Is malntalned In respett of grants made to those In netd. I conflrm thot no other matters have come to rny attentjon In connectSon wlth the examlnatlon gfvlng me rea50nable cause to belSeve that In any materlal respert: except for the matter of concern noted above attountlng re¢ords were not kept In respert of the Company a5 requlred by 5ectlon 386 of the 2006 Aet,. or the attount5 do not accord with those records; or the accounts do not comply wlth the accountlng requliements of sectSon 396 of the 2006 Att Other than any requlrernent that the accounts 8Sve a true and falr *￿eW whlch Is not a matter considered a5 Part of an Independent examinatlon.. and the accounts have not been prepared In accordance wlth the mèthods and prlnciples of the Staternent of Recommended Practi¢e for accountlng and reporting by thartties (applicable to charltie5 preparln8 thelr accounts In accordan¢e wlth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFAS 10211. I conflrm that thère are DO Othei matters to whlch your attention should be drawn to enable a proper understandlng of the accounts to be reached. Andrew Robert Graham Green FCC4 RE Group Accountants Llmited Chartered Certified Accountants The Maltlngs Rosemary Lane Halstead E55ex C09 IHZ 18 March 2022 Page 4 CHANGING UVES DIDCOT STATEMENT OF FINANaALAcnvmES FOR THE YEAR ENDED 31 MARCH 2021 2021 UnrestrScted fvnds 2020 Totsl funds Notes INCOME AP4D ENDOWMENTS FROM Donations and le8acie5 5,503 Other tradin8 activitie5 Investment Income Other income 45,024 106 116,358 227.362 io Total 161,488 232,875 EXPENOITURE ON Ra151ng funds Other tradlng actlvities 154,383 175,962 154,383 175,962 Charltable adhAtles Relief of those Sn need 8,902 59,394 Other 16,465 37,438 Tot•1 179,750 272,794 NEf INCOMEIIEXPENDITUREI 118,2621 139,9191 AECONCILIATJON OF FUNDS Total funds brou8ht forward 69.201 109.120 TOTAL FUNDS CARRIED FORWARD 50,939 69,201 Thè notes form part of these financial statements Pa8e S CHANGING UVES DIDCOT BALANCE SHEET 31 MARCH 2021 2021 Unrestrirted funds 2020 Total fund5 Notes FIXEDASSETS Tangible assets 14 8,634 11,513 CURRENT ￿￿ErS Debtors Cash at bank and in hand 15 16.510 34,328 8.691 59.554 50,838 68,245 CREDITORS Amounts fallin8 due W￿h1n ont year 16 18,5331 110.5571 NET CURRENT ASSErs 42,305 57,688 TOTAL ASSEtS LES5 CURRENT UABILMES 50,939 69,201 NET ASSETS 50,939 69,201 FUNDS Unrestrlcted funds 17 50,939 69,201 TOTAL FUNDS 50,939 69.201 The tharltable company Is entltled to ememptlon from audlt under Sectlon 477 of the Companles Act 2¢)06 for the year endèd 31 March 2021. The members have not requlred the tompany to obtaln an audh of its finandal statements for the year éndèd 31 March 2021 In accordance with Sertlon 476 of the Companle5 Act 2C￿6. The trustees acknowled8e their rèspon5ibilff¢les for ensurin8 that the charitable company keeps accountln8 records thai comply wlth Sectlons 386 and 387 of the Cornpanles Act 2C¢J6 and prepar¢n8 financial statements which give a true and falr vlew of the state of affairs of the charitable companv as at the end of each financial year and of Its Sufplus or defKit for each finantial year in accordance wSth the requSrement5 of Sections 394 and 395 and whith othèrwise comply with the requirements of the Companies Act 2C¢)6 relatin8 to financlal statements, so far as applicablè to the charitable company. The financial 5tstements were approved by the Board of Trustees and authorised for Issue on 18 Marth 2022 and were si8ned on its behalf by: Truste The notes fomi part of these financial statements Page 6 CHANGING UVES DIOCOT NOTES TOTHE FINANCIAL STATEMEP￿S FOR ThE YEAR ENDED 31 MARCH 2021 ACCOUNTING pouaES Basts of preparln8the fln•ndal stat•ments ChangSng Llves Didcot Is a d)athable Incorporated or8anlsatlon ICIOI in En8land and Is Ilmited by 8uarantee. The charity constitutes a publlc beneflt entfty as deflned by FRS 102. the financlal statements have been prepared In accordance with Accountln8 and Reportin8 by Charlties.. Statement of Recommended Prartlce appllcable to charities preparlng thelr accounts accordance wlth the Financial ReportSng Standard app15cable In the UK and Republlc of Ireland IFRS 1021 issued on 16 2014 las updated through Update Bulletin I published on 2 February 20161. The Finantial Reporting Standard applicable in the United Kin8dom and Republlc of Ireland IFRS 1021. the Charitie5 Art and UK General￿ Accepted ACC￿jn￿fi8 Practlce. The financlal staternents have been prepared to gtve a 'true and falr, vlew and have departed from the Ch£rltles (Accounts and Reports) Regulations 20)8 onfy to the extent requlred to provlde a 'true and fair vlèw.. Th15 departure has involved following the Accountin8 and Reportin8 by Charities.. Statement of Recommendèd Prartice applicable to charities preparln8 their accounts in accordan￿ wlth the Financlal Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 Issued on 16 July 2014 rather than the Accountin8 and Reportin8 by CharltSes.. Statement of Recommended Prxtice effe￿ve from l Aprll 2CQS whlch had since been wlthdrawn. The flnantial statements are prepared on a going contem basls undèr the historScal cost conventlon, modlfied to Indude certain items tsf falr value. The financial 5ta¢ements are presented In sterlin8 whlch Is the functlonal ¢urren¢y of the charity and rounded to the nearest £1. The slgnlficant accountlng pollcles applled the presentation of these hnandal statements are set out below. These pollcles have been consIstent￿ applled to all years presented unless otherwlse stated. The charlty has adopted both actruals a¢¢ountln8 and SOAP (FR5 1021 In the current year and an explanatlon of how transltion to both attruals attountlng and SOAP IFRS 1021 has affected the reported flnanclal posltlon and performance Is 8lvert in the Re¢on¢iliati¢n ol Funds notes to the accounts. Incom• All Income Is recognlsed In the Staternent of Flnandal Attlvltles ono the charfty has entltlement to the funds, It Is probablè thzt the income wlll be recelved and the amount ¢¥n be measured rellably. Income ra15ed through the operatlon of shops and related tradln8 artivlty under the charlty's management Is taken Into account at the polnt at whlch ownershlp of the 8oods transfers to the customers. Stocks of unsold donated goods are not valued for balan￿ sheet purposes as It Is not consldered practical to estlrnate the fair value due to the hlgh I￿rUMe of low value Inventory and the absence of management Informatlon systems. Expendlture LlabllStles are reco8nlsed as expènditure as sty)n as there Is a tegal Of tonstrvctive obli8atlon commltting the charliy to thai expenditurè. St Is probable that a transfer of economit benefits will be required In settlement and the amount of the obligatlon can be measured reliabfy. Expenditure is accounted for on an accruals basls and has been tlassiflèd under headlngs that aggregate all c05t related to the tate80ry. Where costs cannot be directly attributed to partkular headln8S they have been allocated to artrvities on a basis tonsistènt with the use of ￿SourCes. Expenditure on ralslng funds represent expenditu￿ Incurred in the operation and managernent of thè ChBnging Llves shops and other activities undertaken by Changing Lives Oidcot. In accordance with the Charities SORP IFRS 1021. general volunteer time is not recognlsed. Page 7 contlnued... CHANGING UVES DIDCOT NOTESTO THE FINANCIALSfATEMENTS- ￿n￿nUed FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES- Contlnued El[￿ndItUre Grant5 made include those that Changing knve5 Oidcot makes to other organlsations and grant5 to people In need through Changin8 tsves Oidcot funds. Grant expenditure Is reco8nlsed once the offer Is communicated to the reciplent. Grants offered subject to conditions whith have not been met at the year end date are noted as a commhment but not accnjed a5 expenditure. Government 8r•t)ts Grant Incorne. that are not subject to pertorniance-reLated conditions, are included within other income. The amount received related to grants is £116.35812020: £NILI. Thi5 amount is unrestricted and free of obllgation. Alloca￿On and apportlonment of costs Support costs are those that assist the work tsf the tharky but do not dirertly represent ¢haritsble actlvltlts and Sntlude shop. van costs and govemance costs. They are Incurred diredjy in 541PPOrt of txpendlture on the oblerts of the tharity. Tradln8 artivlty costs are m¥inly attdbutable to the wa8e5 Incurred for shop staff (non volunteers). T¥n8lble tlxed ass•ts Depreelatlon Is provlded at the following annual rates In order to wrlte ofl each asset over its estlmated useful Motor vehlclès Computer equSpmeni Tanglble flxed assets are stated ai cost lor deemed costl or valuatlon I￿$ accumulated depreciatSon and accumulated impolrment losses. Cost Includes costs dirertly attribuuble to making the asset capable of operatln8 as Intended. 25% on redu¢lng balance 25% on redudng balance T•xatlon The charlty Is txempt from corporatlon tax on Its chafltable artlvltle5. Fund ac¢ountln8 Unrestrlrted funds can be used In attordance wlth the charff. Page IS CHANGING UVES DI()COT DETAiLED ￿ATEMENT OF FINANCIALAcnviTIES FOR THE YEAR ENDED 31 MARCH IOZI 2021 2020 INCOME AND ENDOWMENTS Donatlons lewles Donations 5,503 Other tradlng acllvltles Shop Income 45.024 227.362 Investment Incorne Deposlt a£uJunt Interest 1(6 io Other Income overnrnent grants 116.358 Total Intomln8 reSOUfC•S 161.488 232.875 EXPENDITURE Other tradlni•rtl¥hle5 Wages Soclal stcurlty Penslons 115,634 13591 1.922 112,758 12,257 3,887 117,197 128,902 Charltabl• •rtlvltl•s Grants to institutions Grants to Indlvlduals 12.321 49,713 3,542 11.542 62,034 Other Unlforms 403 Support ¢0Sts M¥n?8ement Other operating le35e5 Rates and water Insuranee Llght and heat Telephone Postage and Stationery Advertisln8 Sundries Motor expenses Repalrs Carried forward 32.975 2.782 773 660 769 37,980 4,397 1,923 2,648 911 464 694 1.243 13.279 7.015 70,554 76 1.165 3.015 2.355 44.652 This page does not form part of the statutory flnandal statements Pa8e 16 CHANGING LIVES DIDCOT D￿AlLED STATEMENT OF FINANCIALACTMTIES FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Mana¥èmÈnt 8rou8ht forward Exceptlonal llerns 44,652 12,6401 70.554 12,6401 42,012 67.914 Flnance Bank char8e5 734 1.918 Oiher Depree5atlon of tangible fixed assets Loss on sale of tan8Sble flxed assets 2,879 2,146 4,545 2,879 6,691 Governance co￿$ Professional fees Accountancy and legal fèes 491 4,441 4,932 Total resources expended 179,750 272,794 N•t •¥￿ndIt￿r• 118,2621 139.9191 Thi5 page does not fomi part of the statutory financial statemènts Page 17