REGISTERED COMPANY NUMBER: CEOOII80 (England and Wales) REGISTERED CHARITY NUMBER: 1156454 REPORTOF THE TRUSTEES AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR CHANGING LIVE5 DIDCOT LB Group The Octagon Suite E2 Middleborough Colchester Essex COI ITG
CHANGING LIVES DIDCOT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pale Report of the Trustees Independent Examiner's Report Statement of Financlal Activities 8alance Sheet Notes to the Financial Statements 7 to 15 Detalled Statement of Flnanclal Actlvltles 16 to 17
CHANGING LIVE5 DIDCOT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustee5 have adopted the provisions of Staternent of Recommended Practice ISORPI "Accounting and Reporting by Charities" IFRS 1021 in preparin8 the annual report and financial statements of the charity. The financial statements have been prepared In accordance with the accounting policies set out in the note5 to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparlng their actounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on l January 2019. The Charity was set up in 2012 by Val Prior and has over 7 local employee5 and volunteers and always carries a friendly atmosphere. OBJECTIVES AND AcfiviTIES Objectives and aim5 The purpose of the charity Is to provide financial assistance to individuals who live within 10 miles of the Didcot Shop. Grant requests are considered where the individual has a disability. ill health or general disadvantage. Signlflcant activitles E¥arnple5 of some of the activities in this financial year include the purchase of alignment clinic services for people with physical health problem5, the purchase of a defibrillator for use by the general public and providing financial help for those in need, such as covering bi115 and food shops. Grants totalling £15,553 were given this year Ilndividua15 £11.469, Institution5 £4.0841, 2023 E14,113 Ilndividuals £9,274. Institution5 £4,839). Publlc benefit The trustee5 have had regard to the Charities Commission's guidance on publit benefit. All funds raised are used for public benefit. Any local person may apply for a grant, there is no restriction beyond the 10 mile radius of the Didcot shop. Social investments The charity is not involved in Sociol Investment. Grantmaking Grants are put in writing. All grant requests are considered by the trustees. Where possible no request is denied. Volunteer5 some people workin8 the shops and driving for the charity do so on a voluntary basi5. Our ability to make grants would be considerably reduced if everybody drew a salary. ACHIEVEMENT AND PERFORMANCE Charltable actl¥ltles Help is provided to a number of people every month, there is a fairly equal split between cash 8rant5 and items from the shop 8iven to furnish homes. Examples of items glven from the shop include a bike given to a woman who's own bike was stolen and a walker to an elderly man who needed some mobility support. Cash payments include payment for disability bike5 and cash towards Skippy Challenge Cancer Research. Fundraislng activities We sell donated goods at a reasonable price. FINANCIAL REVIEW Financial position The charities carried forward figure for thi5 year is £35.710 12023: £40,870). These funds will enable the charity to continue to operate for a further year. While income from both shops and donations will ensure this situation continue5. Page I
CHANGING LIVES DIDCOT REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Principal funding sources The charity'5 principal sources of funds IS the sale of donated good5 Reserves pollcy No funds are held in reserve, all are available for client 8rants. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust. Changing Live5 Didcot is a corporate body, with limited liability formed under charity law, and registered solely with the charity cornmi55ion. The charity is a CIO. Recru5tment and appointment of new trustees Every trustee must be appointed for the term of three years by re501ution passed at a properly ¢onvened meeting of the charity trustees. In sebecting individuals for appointment ès charity trustees, the charity trustees must have regards ro the skill's, knowledge and experience needed for the effective administration of the CIO. Organlsatlonal structure There are three Trustees, along with Valerie Prior the mana8er, Vanessa Prior the a5515tant manager and staff, Grant decisions are made by the trustees and Valerie. Induction and tr?Ining of new trustees Potentièl trustees are considered and trained in line with the Charity Commission 8uidelines. Staff are paid the Government prescribed livlng wage. REFERENCE AND ADMINISTRATIVE DETAILS Re8lstered Company nurnber CE(K)1180 IEn8land and Wale51 Registered Charity number 1156454 Reglstered office 9-IS High Street Didcot Oxfordshire OXII 8EQ Trustees Mrs L J Salt Trustee J T Rouse Trustee S Green Trustee Iresi8ned 2411120241 D Ballard (appointed 2411120241 Independent Examlner LB Group The Octagon Suite E2 Middleborough Colchesler Essex COI ITG Page 2
CHANGING LIVES DIDCOT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Approved by order of the board of trustees on and signed on its behalf by: Rou5 -Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHANGING UVE5 DIDCOT Independent examiner's report to the trustee5 of Changlng Lives Didtot I'the Company'l I report to the charity trustee5 on my examination of the accounts of the Company for the year ended 31 March 2024. Re5ponslbllltles and basis of report As the charity's trustees of the Company land also it5 directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with.the requirements of the Companies Act 20061'the 2CQ6 Art'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2IXJ6 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the DirectlDns 8iven by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examlner's statement- matteTS of concern Identlfled I have ¢¢mpleted my examination. I have identified matters of concern in rny report regarding the maintenance of sufficient accounting records under section 130 of the 2011 act. In particular, the charity has not maintained satisfartory accounting records of its cash based transaction5 and limited detail is maintained in respect of grants made to those in need. I confirm that no other matters have come to my attention in connection with the eyamination giving me reasonable cause to believe that in any material respect.. accounting records were not kept in respect of the Company as required by Sertion 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 Seclion 396 of the 2006 Act other than any requirement that the account5 give a true and fair view which is not a matter considered as part of an independent examinatlon: and the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitie5 lapplicable to charities preparin8 their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I confirm that there are no other matters to whlch your attention should be drawn to enable a proper understanding of the accounts to be reached. Oliver James White ACA LB Group The Octagon Suite E2 Middleborough Colchester E55ex COI ITG Date.. Page 4
CHANGING LIVES DIDCOT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Unrestricted fund5 2023 Total funds Nates INCOME AND ENDOWMENTS FROM Oonation5 and legacies 1,000 2,286 Other trading activities Investment incorne 190,318 313 205,666 236 Total 191,631 208,188 EXPENDITURE ON Raising funds Other trading activities 142.984 159.888 142,984 159,888 Charitable a¢tlvltles Flelief of those in need 15,553 11,473 Other 38,909 23,612 Total 197,446 194.973 NET INCOMEI(EXPENDITUREI 15,8151 13,215 RECONCILIATION OF FUNDS Total funds brought fonNard 40,870 27,655 TOTAL FUNDS CARRIED FORWARD 35,055 40,870 The note5 form part of these financial statements Page 5
CHANGING LIVES DIDCOT BALANCE SHEET ai MARCH 2024 2024 Unrestricted funds 2023 Total lunds Notes FIXED ASSETS Tangible assets 14 2.494 3.326 CURRENT ASSETS Debiors Cash at bank and in hand 15 3.901 33,334 3.962 42,512 37,235 46.474 CREDITORS Amount5 fallinÉ due within one year 16 14,6741 18,9301 NET CURREf4T ASSETS 32.561 37.544 TOTAL ASSETS LESS CURRENT UA8ILITIES 35.055 40.870 NET ASSETS 35.055 40,870 FUNDS unrestricted fund5 17 35.055 40.870 TOTAL FUNDS 35.055 40.870 The charitable company is entitled to exemption from audit under Secfion 477 of the Companies A¢t 2C for the year ended 31 March 2024. The members have not required the company to obtain an audii of its finanrial statements for the year ended 31 March 2024 in accordance with Sectlon 476 of the Companies Act 2006. The trustees acknowledge their responsibilities lor lal ensuring that the charitable company keep5 accountin8 records that comply wlth Sertions 386 and 387 01 the Companies Act 26 and Pfeparing financial statements whlch give a true and fair view of the state of affairs of the charitable company a5 al the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply wtth the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable companv. The finèncial statement5 were approved by the Board of Trustees and authorised for i55ue and were 518ned on its behalf bv.. on l T RousE- Trust The notes form part ot these financial statements Pa8e 6
CHANGING LIVES DIDCOT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Ba515 of preparin8 the financial statements Changing Lives Didcot is a charitable incorporated organisation ICIOI in England and is limited by guarantee. The charity constitutes a public benefit entity a5 defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of RecoTnmended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 effective l January 2019, The Financial Reportin8 Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. the Charities Act and UK Generallv Accepted Accounting Practice. The financial statement5 have been prepared to Blve a 'true and fair, view and have departÈd from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charitie5.' 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 IFRS 1021 effective l January 2019. The financial statements are prepared on a going concern basis under the historical cost tonvention, modifled to include certain items Df fair value. The financial statements are presented In sterling which is the functional tUrnCY of the charity and rounded to the nearest £1. The significant accounting pollcies applied In the presentation of these financial statements are set out below. These policie5 have been con5iStently applied to all years presented unless otherwise stated. Income All income is recognised in the Statement of Financial Activities once the charity ha5 entitlement to the funds. it is probable that the income will be received and the amount can be mezsured reliably. Income raised through the operation of shops and related trading activity under the charity's management is taken into account at the point at which ownership of the goods transfers to the customers. Stock5 of unsold donateé goods are not valued for balance sheet purposes a5 It is not considered practical to estimate the fair value due to the hi8h volume of low value inventory and the absence of management information 5y5tems. Empenditure Liabilities are recognised as expenditure a5 soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required In settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all Cost related to the category. Where costs cannot be directly attributed to particular headin85 they have been allocated to activitie5 on a basis consistent with the use of resources. Expenditure on raisin8 fund5 represent expenditure incurred in the operation and management of the Changing Live5 shops and other activitle5 undertaken by Changing Lives Didcot. In accordance with the Charities SORP IFRS 1021, general volunteer time is not recognised. Grants made include those that Changing Lives Didcot makes to other organisations and grants to people in need through Changing Lives Didcot funds. Grant expenditure is reco8nised once the offer is communicated to the recipient. Grants offered subject to conditions which have not been met at the year ené date are noted as a commitrnent but not accrued as expenditure. Page 7 tontinued...
CHANGING LIVES DIDCOT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued Allocation and apportionment of costs Support costs are those that assist the work of the charity but do not directly represent charitable activities and intlude shop, van costs and governance costs. They are incurred direttly in support of eKpenditure on the objects of the charitv. Tradlng activity COSt5 are malnly attributable to the wages incurred for Shop staff (non volunteersl. Tangible flxed èssets Depreciation is provided at the following annual rates in order to write off each a55et over its estimated useful Motor vehicles Computer equipment 25% on reducing balance 25% on reducing balance Tangible fixed assets are stated at cost lor deemed costl or valuation le55 accumulated depreciation and ccumulated impairment losse5. C05t includes costs directly attributable to making the asset capable of operating as intended. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestrirted funds can be used in accordance with the charitable objectives at the discretion of the trustee5. Restricted funds can only be used for particular restricted purposes within the objerts of the cttarltv. Restrictlons arise when specified by the donor or when funds are raised for particular restricted purposes. Further explhnation of the nature and purpose of each fund is included in the notes to the financial statements. Hlre purchase and leaslng commitments Rentals paid under operating lease5 are charged to the Statement of Financial ActivStles on a straSght line ba515 over the period of the lease. A5set5 acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the flnance charge and the reduction of the outstandin8 lease liability using the effertive interest rate method. The related obliEation5, net of future finan char8es, are included in creditors. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scherne. Contributions payable lo the charitable company's pension scheme are char8ed tp the Statement of Financial Activitie5 in the period to which they relate. Donated goods Sale of donated Boods from the public and volunteers, form the vast majority of income raised by Chan8in8 Ltves Didcot. Use of volunteers is vital to ensure the charity can maximise the benefit to the local public, as set out in the charities benefit5 and aims. Debtors and creditors receivable I pay•ble within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognlsed In expenditure. Pa8e 8 continued...
CHANGING LIVES DIDCOT NOTES TO THE FINANCIAL STATEMENTS-eontlnued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- contlnued Debtars and creditors receivable I payable within one year DONATIONS AND LEGACIES 2024 2023 Donation5 1,000 2,286 OTHER TRADING ACTIVITIES 2024 2023 Shop income 190.318 205,666 INVESTMENT INCOME 2024 2023 Deposit account interest 313 236 OTHER TRADING ACTIVITIES 2024 2023 Staff costs Support costs 114.022 28.962 118,611 41,277 142,984 159,888 CHARITABLE ACTIVITIES COSTS Grant funding of activities Isee note 71 Relief of those in need 15,553 Page 9 continued...
CHANGING LIVES DIDCOT NOTES TO THE FINANCIAL STATEMENT5- continued FOR THE YEAR ENDED 31 MARCH 2024 GFtANTS PAYABLE 2024 2023 Rellef of those in need 15,553 14.113 The tot318rants paid to institutions during the year was as follow5.. 2024 2023 Relief of those in need 4,084 4.839 Institutional grants relate indirectly to individuals through the supply of equipment such 35 specialised walkers/wheelchairs or required medical procedures. SUPPORT COSTS Governance costs Management Finance Other Totals Other trading activitie5 Other resources expended 28,962 30,932 28,962 38,909 1,963 832 5.182 59,894 1,963 832 5,182 67.871 NET INCOMEIIEXPENDITUREI Net income/lexpenditurel 15 Stated after chargingllcreditin81.. 2024 2023 Depreciation - owned assets Other operating leB5es Deficit on disposal of fixed a55etS 832 26,820 1,112 32,441 1,046 io. TRUSTEE5' REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no tru5tee5' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 10 continued...
CHANGING UVES DIDCOT NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ii. STAFF COSTS 2024 2023 Wages and 5alarie5 Stscial security costs Other pension costs 109,915 1,920 2,187 114,135 2,184 2,292 114.022 118.611 The average monthly number of employees during the year was as follows.. 2024 2023 Staff During the year, a totèl of key management personnel compensatlgn of £20,10412023'. £20.0311 was paid. 12. EXCEPTIONAL ITEMS Previously there has been E24,030 of expenditure included in 2015 & 2016's accounts whith related to monev that was stolen from the charity. A court case in June 2016 awarded this as éue to be repaid to the tharitv. Any amounts repaid to the charity in connection with this will be treated a5 a bad debt recovered. During this year £2,640 has been repaid 12023: £2,640>, leaving an amount still outstanding of £2,010 12023.. £4.6501. The £2,640 has been put in exceptionol items as a negative expense, and this relates to fraud repayments. 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds INCOME AND ENDOWMENTS FROM Donations and le8acies 2,286 other tradin8 activitie5 Investment incorne 205,666 236 Total 208,188 EXPENDITURE ON Raising funds Other tradin8 activities 159,888 159,888 Charltable artivities Relief of those in need 11,473 Other 23,612 Total 194,973 NET INCOME 13,215 Page 11 CDntinued...
CHANGING LIVES DIDCOT NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 13. COMPARATIVES FOR THE STATEMENT OF FINANCIALAcfiviTIES- continued Unrestricted funds RECONCILIATION OF FUNDS Total funds brought forward 27.655 TOTAL FUNDS CARRIED FORWARO 40,870 14. TANGIBLE FIXED ASSETS Motor vehicles Computer equipment Totals COST At l April 2023 and 31 March 2024 6,495 1,295 7,790 DEPRECIATION At l April 2023 Charge for year 3.397 775 1,067 57 4,464 832 At 31 Mar¢h 2024 4,172 1,124 5,296 NET BOOK VALUE At 31 March 2024 2.323 171 2.494 At 31 March 2023 3,098 228 3,326 15. DEBTORS: AMOUNT5 FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments 3.600 301 3,600 362 3.901 3,962 Pa8e 12 contlnued...
CHANGING LIVES DIDCOT NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 16. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Other creditors Accrued expenses 1,234 317 3.123 3,209 5,721 4,674 8.930 17. MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestricted funds General fund 40,870 15,8151 35,055 TOTAL FUNDS 40,870 15,8151 35,055 Net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movernent in funds Unrestrlcted funds General fund 191,631 1197.4461 15,8151 TOTAL FUNDS 191,631 1197,4461 15,8151 Comparatives fof movement In funds Net movement in funds Al 3113123 At 114122 Unrestrlcted funds General fund 27,655 13.215 40,870 TOTAL FUNDS 27.655 13,215 40,870 Page 13 continued...
CHANGING UVES DIDCOT NOTES TO THE FINANCIALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- contlnued Comparative net movement in funds, included in the above are as follow5., Incoming resources Resources expended Movement in funds Unrestricted funds General fund 208,188 1194,9731 13,215 TOTAL FUNDS 208,188 1194,9731 13,215 A current year 12 months and prior year 12 months combined position 15 as follows.. Net movement in fund5 At 3113124 At 114122 UnTestricted funds General fund 27.655 7,400 35,055 TOTAL FUNDS 27,655 7,400 35,055 A current year 12 months ond prior year 12 months combined net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unre5trlcted funds General fund 399,819 1392.4191 7.4¢)0 TOTAL FUNDS 399,819 1392,4191 7,400 Changing Lives Didcot hold funds in order to meet any upcomin8 emer8encies that may occur. All monies are available through the bank account, with regard to anyone needing help. Page 14 continued...
CHANGING LIVES DIDCOT NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 REIATED PARTY DISCLOSURES There were no related party tran5action5 for the year ended 31 March 2024. 19. OTHER DISCLOSURES At the year end the charity was subject to financial commitments totalling £9.OOJ12023.. £9,CQOI. Included in the accounts are examiner5 fees for the year of £1,50012023'. EI,5001. Page 15
CHANGING LIVES DIDCOT DETAILED STATEMENT OF Fll+lANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacles Donations I,coo 2.286 Other trading acti¥ltie5 Shop income 190,318 205,666 Investment income Deposit account interest 313 236 Total incomin8 resources 191,631 208.188 EXPENDITURE Other trading arti¥rtle5 Wages Social security Pensions 109,915 1.920 2,187 114,135 2,184 2,292 114,022 118,611 Charitable artivities Grants to institution5 Grants to indSviduals 4.084 11,469 4,839 9,274 15,553 14.113 Supportcosts Management Other operating lease5 Rates and water Insurance Light and heat Telephone Advert15ing Sundries Motor expen5e5 Repair5 Exceptional items 26,820 5,399 1,478 11,131 1,038 1.9C(J 2.252 8,895 3.621 12,6401 32,441 2,587 1,749 5,239 I,oio 595 1.485 8,547 2.059 12,6401 59,894 53,072 Finance Bank charges 1.963 2,019 Other Depreciation of tangible fixed assets Carried f0ry4ard 832 832 1,112 1,112 Thi5 page doe5 not form part of the statutory financial 5tatement5 Page 16
CHANGING LIVES DIDCOT DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Other Brought forward L055 on sale of tangible fixed assets 832 1,112 1,046 832 2,158 Governance costs Professional fees Accountancy and legal fees 2,095 3.087 1,267 3,733 5.182 s,[0 Total sOUrceS expended 197,446 194,973 Net lexpendlturelllncome 15,8151 13,215 This page doe5 not form part of the statutory financial statements Page 17