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2023-02-28-accounts

Trustees' Annual Report and Financial Statements

For the year ended 28 February 2023

Registered Charity No. 1157198 Company No. 08898416 mylifefi lms.org

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Contents

Contents
Leter from the Chairman 02
The Landscape in which we Work 04
Our Vision & Aims 05
Our Objectives & Activities 06
Our Achievements & Performance 08
The Impact of our Services 14
Financial Review 18
Plans for the Coming Year 18
Structure and Governance 19
Reference & Administrative Information 20
Statement of Responsibilities 21
of the Trustees
Independent Examiner’s Report 22
Statement of Financial Activities 23
Balance Sheet 24
Notes to the Accounts 25

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Lett er from the Chairman

Dear friends, funders, partners and supporters,

It feels that 2022 proved that there is no return to the old normalities of the pre-covid era, and it at once felt like the closing of a chapter and the start of a new era.

We had a similar story at My Life Films, as our focus increased on meeting the needs of people aff ected by dementia through our growing streaming service My Life TV, we continued our biographical fi lms for our benefi ciaries and we retired our pilot My Life Films photo app.

But of course the day-to-day challenges faced by all people living with dementia, their families, friends and carers have not changed, and the need for our work continues to motivate us and drive us forward.

The focus throughout the last fi nancial year has been to test, learn and grow My Life TV, founded on understanding the range of needs it is meeting, how it is most oft en being used, and the wellbeing benefi ts it is providing in diff erent environments and circumstances.

We know from user feedback, testimonials and CQC reporting how valuable the service is to people living with dementia, their loved ones, care staff and activity co-ordinators. We are hugely grateful to our partners for their ongoing support in enabling us to continue delivering and developing a high quality service that really supports those we serve.

We are so thankful that funders including the Esmee Fairbairn Foundation, Garfi eld Weston, Rayne Foundation, RPLC and Peter Sowerby Foundation have continued to support our vision to reach thousands more benefi ciaries through our services, and we are delighted that EQ Foundation and Margaret Fisher Trust have joined us as key supporters on our journey and going forward. City Bridge Trust and Childwick Trust have also enabled our life story fi lms to impact on individuals and families over this year and we are grateful for their support.

Thank you to our funders, including

The Margaret Fisher Charitable Trust

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We said a fond farewell to Monika Lang at our Christmas Concert with wonderful pianist Anthony Adkins. We thank her for her brilliant leadership of the charity through the pandemic, for launching My Life TV and for her robust stewardship of our fundraising and fi nances. Our colleagues Charlott e George and Poppy Sharples also left to pursue new ventures and we thank them deeply for their huge contribution to the charity.

As Monika left we welcomed Rachel Addley as our new Executive Director, who brings a new energy and expanded team as we look to expand My Life TV’s off er and use into care homes across the UK.

As always it is the people that are the beating heart of the charity and so I would like to thank the wider My Life Films team and my fellow trustees on the board, including a big thank you to Petra and Lisa for tireless work on our annual accounts.

Thanks to Monika and Rachel’s prudent management of our fi nances we ended the year ahead of forecast, with a small surplus. We have ambitious targets to meet in the new fi nancial year in 2023/24, and so the last word should be our profound thanks to you all – our funders, donors and supporters – who make our work possible. Thank you.

We have also recently welcomed two new trustees to the board: Shona Clegg, with expertise in dementia research and grant funding, and Emma Hewat with leadership expertise in the care sector. They succeed Piers Kott ing and Liz Allen, who step down from the board aft er seven and six years respectively, and who have contributed so much to our evolving strategy and delivery.

Alexander Kann Chairman

Thank you to our partners, including

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The Landscape in which we Work

Dementia is rapidly becoming one of the most widespread and challenging health conditions facing the UK. 1 in 2 of us* will be personally aff ected by dementia in our lifetimes and it remains the leading cause of death in England and Wales.

The human impact on individuals and families is far-reaching and profound. For those diagnosed, it gradually erodes their independence, identity and cherished memories, bringing frustration, confusion and isolation and aff ecting people’s mental health and wellbeing. Families bear enormous emotional, physical and fi nancial burdens in caring for their loved ones with dementia and caregivers oft en experience signifi cant stress, exhaustion and poor mental health.

For a care sector already critically strained by insuffi cient funding, acute staff shortages and still recovering from the substantial impacts caused by the pandemic, the growing challenge in delivering excellent dementia care is enormous. By its very nature, dementia care is complex, demanding and requires time and focus, from trained staff who understand and can address the unique challenges caused by the condition. Providing comprehensive and person-centered care for individuals with dementia requires substantial time and resources, placing further strain on an already burdened care sector.

There is an urgent need for easily accessible, fl exible and cost-eff ective services to support all those aff ected by dementia, improving the wellbeing of those living with the condition and facilitating their carers to deliver the high quality personalised care, that is so needed.

900,000+

people in the UK are living with dementia – estimate 1.6m by 2050**

1 in 6

chance of developing dementia aged 80+, rising to 1 in 3 aged 90+

£45bn

70%

of all care home residents The cost of social care have dementia or severe for dementia is set to memory problems triple by 2040

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Offi ce of Health Economics for Alzheimer's Research UK
All data: LSE, Care Policy and Evaluation Centre, Alzheimer's Society
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Our Vision & Aims

Our work aims to meet the needs of our benefi ciaries in the following ways:

My Life Films is dedicated to improving the lives of people aff ected by dementia. We do this through the use of creative fi lm making, storytelling and joyful content.

All our work is dementia-centred – purposefully designed to meet the cognitive needs of people living with dementia, and to support their carers, families and friends.

Our charitable objective is to relieve the needs of people living with dementia and its eff ects on their families, friends and carers through creative fi lm making.

Our vision is a world where people living with dementia are not defi ned by the condition but live as full a life as possible, and those that care for them receive the support they need.

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Our Objectives & Activities

The trustees review the aims, objectives and activities of the charity each year to ensure they are maximizing the reach and impact of the charity’s work.

This report looks at what we achieved in the period 1 March 2022 to 28 February 2023. The trustees report the success of each key activity and the benefits the charity has brought. The review also helps the trustees ensure the charity’s aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the Charity Commission's general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the set aims and objectives.

My Life Films supports their beneficiaries through two innovative services which we have developed alongside people living with dementia, their families, carers, doctors and film makers, and which can be used across different care settings and at home:

1. My Life TV – on demand wellbeing and care tool

2. Biographical Films

A third service was in operation at the beginning of the year, although this has since closed:

3. My Life Films app

Furthermore, our fundraising and trading activity is operated to fund and enable our charitable delivery

During 2022/23 our aims and objectives were to:

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As a result of watching the draw-a-
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Case Study My Life TV – enabling and inspiring meaningful activities

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“My Life
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are building activity sessions around the BBC
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and reminiscence.”
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Our Achievements & Performance

We believe this focus on developing My Life TV off ers the best opportunity to reach and positively impact the greatest number of people aff ected by dementia across the UK. As well as bringing improved wellbeing to those living with the condition, it directly supports those who care for them, whether they be professional carers needing tailored tools to work with each individual in their care, or primary carers at home seeking greater connection with their loved ones or respite when needed.

Strategic focus

This year was a time of review and renewed focus for My Life Films.

We began the year off ering three services, all at diff erent stages in their development and maturity; we had made over 300 biographical life story fi lms, our streaming service My Life TV was gaining traction, and our My Life Films life stories app was available to download and use at home.

The strategic review also identifi ed the need for the charity to have greater staff capacity and resources to drive awareness and deliver the subscriber support required to meet this growth opportunity and impact at scale.

With a small team, we wanted to make sure we were best using our resources to respond to the demand for wellbeing services and resources for people living with dementia.

We have since secured seed funding from EQ Foundation contributing to an expanded team and budget to be implemented in FY24. During this next year, we will be continuing our growth strategy, with an additional emphasis on further developing the diversity and inclusivity of our service particularly across marginalised groups. We will also be developing content to meet the particular needs of the care sector, working with them to design My Life TV to best support the delivery of excellent person-centred care.

We also recognised the need to support the care sector, facing acute needs following the COVID-19 pandemic as well as ongoing fi nancial pressures.

Following a strategic review in the summer of 2022, the Board decided to streamline the charity’s activities, focusing on growing My Life TV, whilst running a smaller scale Biographical Films service. The decision was made to close the My Life Films app due to ongoing technical challenges failing to justify the expenditure and management time.

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NAPA recognises the importance of meaningful activities and experiences for people with dementia, and My Life TV has proven to be a game-changer in this regard.

At the previous inspection Cecil Court had participated in the ‘My Life’ project that researched the eff ectiveness of individual biographical reminiscence fi lms for people with dementia. We saw fi rst-hand the positive eff ect these fi lm biographies had in greatly enriching people’s quality of life and reducing their anxiety. This has now been further developed by the home participating in the development of a ‘My Life’ TV channel that provides people with dementia and others with access to topics identifi ed as of interest to them, whenever they wish.

Their dedication to creating content that resonates with people living with dementia aligns perfectly with NAPA’s mission of promoting person centred care and enhancing the wellbeing of individuals in care sett ings.

My Life Films's television platform has become a powerful tool in dementia care, off ering a therapeutic and inclusive experience for those who need it most.

We saw fi rst-hand the impact of having topics of interest available to people whenever they wished, particularly those with dementia. A person who had previously been silent and disengaged came to life when a ballroomdancing programme was put on, becoming immersed in dancing, and clearly thoroughly enjoying themselves

Hilary Woodhead, Executive Director, National Activity Providers’ Association

CQC Inspection Report, March 2023 Cecil Court Care Home, Outstanding in Well-Led Category

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My Life TV, the dementia-friendly wellbeing and care tool

My Life TV is an on demand streaming service specifi cally designed for people living with dementia and those who care for them. Through an online platform, it off ers a wide range of content specifi cally created and curated to meet the cognitive needs of people living with dementia; providing stimulating activities, relevant reminiscence, joyful entertainment and calming content all accessible at any time.

My Life TV has been designed for use in both care sett ings and at home, and the principle of universal access and diversity of appeal has continued throughout this year. Charging an aff ordable fee to care homes means we can off er subsidised, low cost subscriptions to families and individuals for use in their own homes. In 2023 we began to provide a number of free subscriptions for individuals for whom that fee would still be a barrier to access. Over time this income stream will also support the long term fi nancial sustainability of the charity.

Over the course of the year there was signifi cant development of the content on the platform, in large part due to our close collaboration with trusted, expert partner organisations. Of particular note was our growing partnership with Alzheimer’s Society, with a dedicated channel on the platform containing diverse content. This includes content covering Chinese New Year and Diwali as part of their EDI strategy, as well as the ever popular Singing for the Brain series.

We began valued content partnerships with Museum of Brands, National Trust and the Daily Sparkle. Additionally, expert partners in the care sector generously contributed their expertise to support our work in being high quality, dementia-centred and grounded in supporting best practice care. We are so grateful to all our partners for their continued expertise, collaboration and support.

My Life TV was used on over 19,000 occasions across the year by a mix of residential care homes, other care sett ings and individuals using the service at home, accessing the full range of content to meet their needs.

The residents really enjoy watching and it starts great conversations… it’s also useful for the younger care staff to encourage reminiscing especially if they don’t have the lived experience.

[It has] given Mum company, and she could connect with the presenters and the content bett er than terrestrial tv.

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We also off er a shorter, 5 minute Care Introduction fi lm, which gives their care staff a quick way to get to know the individual outside of their dementia diagnosis, thus assisting the delivery of tailored, person-centred care.

Biographical Films

Our life story fi lms service creates personalised, biographical fi lms for people living with dementia – the star of the fi lm – using their photos, videos and fi lmed interviews to tell their life story. It’s essentially like having a documentary made about your life, capturing the best bits from birth to present.

Since 2015, we have made fi lms for 330 people living with dementia, helping over 3,000 people aff ected by dementia. Over that time 90% of benefi ciaries have reported that the fi lms improved their mental health and wellbeing. They reported that they watch the fi lms regularly – daily, weekly or monthly – and the intention is that the fi lms remain useful for the rest of a person’s lifetime, supporting their care pathway as their dementia progresses and their care needs evolve.

We have recruited our life story fi lm stars through our existing partner network, e.g. Alzheimer’s Society, Age UK, and care homes, as well as proactive outreach to community organisations within hard-to-reach groups.

For each fi lm, one of our trained fi lmmakers works closely with each individual and their families to create the fi lms using their personal photos, fi lmed interviews and favourite music. The fi lmmaking process involves two or three meetings between a fi lmmaker and each family, either in person at home or virtually via zoom, before creating a 30 minute fi lm of their life story. This provides a lasting form of reminiscence therapy available over the coming months and years as that individual’s dementia journey progresses.

In FY23, we delivered 12 long-form fi lm packages in the Greater London area and 1 Care Introduction fi lm. This was 6 fewer than planned; the legacy of the pandemic meant some people remained reluctant to have fi lming in their homes, resulting in a number of delayed or cancelled fi lms.

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Case Study George’s Life Story Film

Aft er leaving university in the late 1950s, George had a highly successful career in tropical agriculture where he worked overseas for many years, including in Sierra Leone, Sudan and Jordan.

His skills were so highly regarded that he received an MBE for his work in this fi eld. Accompanying him on his travels was his wife Jilly, a teacher who taught at local schools in whichever country they were based.

Aft er many years abroad the couple retired and returned to the UK. George was diagnosed with Alzheimer’s & Vascular Dementia in March 2022 just before his 80th birthday.

“When I fi rst found out the diagnosis I spent so much time trying to fi nd groups and activities that I felt George would fi nd stimulating” said Jilly. It was during this period she was given a leafl et for My Life Films’ biographical fi lms and they asked to create a fi lm for George.

Guided by Jamie, their fi lm maker, George and Jilly began to sort through their photographs, a hugely positive and stimulating part of the process for them:

“I’d encourage anyone who is living with someone with dementia to spend time together just going through their photographs and reminiscing about shared experiences – it had such a positive and therapeutic impact on George remembering all the things we enjoyed doing together”

Jamie interviewed the family including George & Jilly’s two children and their six grandchildren. George built up a great relationship with Jamie. “Jamie absolutely put us all at ease especially George as he was so empathetic as well as being a very cheerful young man – they got on very well”

The fi lm pieced together George’s life from his childhood in Sussex, through their time overseas and their many far-fl ung holidays to the arrival of the grandchildren.

“It’s been such a brilliant experience, George is absolutely thrilled with the fi lm and watches it regularly. He feels it was such an honour to have the fi lm made about his life and he can watch it when he needs any reassurance”.

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Board and Management

Use of Funds

There was a change in Executive Leadership of the charity in November 2022, with Rachel Addley succeeding Monika Lang who stepped down for family reasons.

The Board thanks Monika for her passionate commitment, thoughtful leadership and deft stewardship of the charity during her 3 years in post. We are very grateful that she remains a close supporter of our work.

Volunteers

My Life Films has regular volunteers supporting some of the key operational areas, including fi nances, fundraising and development.

Volunteers work closely with the team to deliver their duties and areas of expertise. Volunteers receive training and supervision and contribute to My Life Films’ operation and delivery, from fi nancial management through to innovative new services.

The Board thanks our amazing volunteers for their important contribution to My Life Films and helping the charity improve the lives of our benefi ciaries.

My Life Films generates income through grantfunded projects, community fundraising, and trading activity. Our mix of restricted and unrestricted funding has enabled us to produce life story fi lms for particular benefi ciary groups and in areas specifi ed by our grant funders alongside activities focused on impacting at scale.

Funds have been used prudently through careful fi nancial planning, controlled spending and regular forecasting. Management accounts are presented to the Finance Committ ee and the Board on a quarterly basis.

Environmental, social, and governance

Environmental, social, and governance criteria are at the centre of our mission to improve the quality of life for the people who live with dementia, their carers, and families.

Our strategy is closely aligned to key UN Sustainable Development Goals. These 17 goals are an urgent call to action and are core to the UN’s ambition for peace and prosperity for the people & planet, now and into the future. At My Life Films, 3 UN SDGs are embedded into our strategy. See table below.

We believe these are of utmost importance to our stakeholders, form the basis of our sustainability strategy and are areas we believe we make a tangible positive impact.

Alignment with UN Sustainable Development Goals

UN SDG Title MLF aligned material issues
Goal 3:
Good Health & Wellbeing		 Our overriding ambition is to improve
the health & wellbeing of people living
with dementia.
Goal 9:
Industry Innovation
and Infrastructure		 We seek to achieve our ambition through
innovative, creative f lm making and
programme design to meet specif c needs.
Goal 10:
Reducing Inequalities		 We ensure wide access to our services
using technology that is easily accessible
and af ordable, working to close the digital
divide for older people

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The Impact of our Services

For their family members

All our services are centred on creating positive outcomes among our benefi ciaries in the following ways.

We monitor and evaluate the impact of our services through regular custom-built Impact Surveys which we have developed with Prof. Tracey Williamson at University of Worcester, Dr Robert Lawrence at NHS Barnes Hospital, and Richmond Council for Voluntary Services. We also seek regular feedback and ideas from those who access our services, via focus groups and interviews as well as ongoing conversations with care staff , family members and people living with dementia where possible.

For people living with dementia

For their care staff

We are in discussions with University of West Scotland about conducting an independent evaluation of the impact of My Life TV in the coming fi nancial year subject to funding.

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The Impact of My Life TV

My Life TV provides a wide range of content designed to meet diff erent needs at diff erent times; relevant reminiscence to provide connection and comfort, hobbies and interests to spark interest and interaction, calming content to ease agitation or distress, and feelgood entertainment to brighten spirits and enjoy with others.

My Life Films has a strong learning focus and actively seeks user feedback, both through structured sessions e.g. Alzheimer’s Society’s national Dementia Voices team, and interviews with care staff , as well as ongoing informal feedback channels. We plan to deepen this work by sett ing up a feedback and co-production panel in the coming year so the platform is best designed around user needs and experience.

It really improved the mood of the residents as it prompted conversations, especially the quizzes.

I can use My Life TV in a group sett ing and can use diff erent programmes depending on the mood of the group or time of day plus it’s useful on a 1-2-1.

We are encouraged by the results of our internal impact survey to service users, conducted in January 2023 and reinforced through our conversations with our users. Across both care sett ings and families, My Life TV has made a positive diff erence to wellbeing, enabled meaningful engagement and prompted greater connection with others.

Ways My Life TV Has Made a Positive Diff erence (% agreeing*)

81%

Positive diff erence to mood and mental wellbeing

78%

Given a shared and meaningful actvivity to do with others

74%

Positive diff erence to social interactions and relationships

Top Ways My Life TV has Made a Diff erence to Care Staff

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Helped me Helped me
bett er manage bett er deliver
people's stimulating
moods activities
Helped me Helped me
manage deliver more
behaviour that person-centred
challenges care
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*Subscriber Impact Survey, Jan 23

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Case Study Supporting a Wellbeing Plan

Advinia Healthcare is a network of 36 residential care homes. They have a strong emphasis on person-centred care which ensures the residents get meaningful engagement that is tailored to their needs and interests.

The healthcare group has its own wellbeing plan for residents called SPECS (Social, Physical, Emotional, Cognitive & Sensory).

George Dewis is the Head of Dementia & Wellbeing across the group, where they have been using My Life TV for the past 2 years.

“The programmes that are available on My Life TV complement all aspects of the SPECS wellbeing programme extremely well.”

The programme Reminiscence with Jan is particularly popular as well as Mr Meredith singa-long. Naomi added: “Even if some of the group are further in their dementia journey and don’t join in with the singing they still enjoy the music and images. Jan’s Reminiscence they love and it always sparks conversations about what they remember from their younger years”

Naomi also uses the quizzes regularly. “These are absolutely invaluable, they always prompt a conversation. The group start sharing memories particularly something like Guess the Actor as that starts a discussion about diff erent fi lms they’ve seen. If it’s a really busy day I can put the quiz on and the residents engage with it on their own while I can focus on some other residents who may need 1-2-1 att ention”

As George Dewis summed up: “My Life TV is incredibly useful and fi ts in with our wellbeing programme fantastically.”

Each care home uses My Life TV to meet the needs of their residents.

Naomi Daglish, is a Wellbeing Co-ordinator at Woodstock Care Home in Norfolk which has twenty-seven residents with the majority living with dementia.

“I fi nd My Life TV absolutely invaluable, I use it in group reminiscence sessions which vary in number between 8 to 14 residents.”

These are absolutely invaluable, they always prompt a conversation. The group start sharing memories particularly something like Guess the Actor as that starts a discussion about diff erent fi lms they’ve seen.

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The Impact of the Life Story Films

[Grandma] is markedly more communicative aft er watching. Oft en she isn’t engaged by normal TV but she is engaged watching her fi lm, intently smiling and tapping along to the music.

We receive overwhelmingly positive feedback on how our biographical fi lms service is impacting in so many ways.

For the fi lms' star, the benefi t starts with the preparatory process; gathering old photos with loved ones and reminiscing about the past. Our trained fi lm makers work hard to build strong relationships with individuals and families, making the process warm, comforting and joyful. Family members also report the fi lm making process as hugely valuable in building greater connection with their loved ones, as well as providing comfort and reassurance for themselves.

Mum’s focus and absorption with the fi lm was just brilliant to see. She didn’t want anyone to pause or interrupt the fi lm. She was also singing along to the songs. She has loved and will love watching this, again and again. Like an external hard drive of memory, when hers is failing her.

The completed fi lms are watched over and over by individuals and families, providing moments of reassurance and joy when needed, bringing loved ones together and capturing cherished memories. Family members oft en tell us how important the fi lms have been in keeping them connected to their loved ones throughout their journey with dementia and celebrating the whole lives they have lived.

Helps both carers and family know the shining star mum was and help tailor her care. I think it’s beautiful and soft ens the approach from caregivers… and so important to maintain our focus on the person despite the condition of Alzheimer’s.

We are hugely proud of the fact that 100% of our service users would recommend this service to other people aff ected by dementia.

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Financial Review

Overview of financial situation over the year.

Total income for the year ended 28 February 2023 was £255,973 (2022: £258,764) and total funds at 28 February 2023 were £169,993 (2022: £160,788). Overall, our financial performance during the year delivered a net income of £9,205 (2022: net expenditure of -£5,406) , thanks to very successful grant income and support from existing and new funders.

Restricted income was £122,659 (2022: £67,009) and restricted expenditure was £75,683 (2022: £79,535), generating net restricted income of £46,976 (2022: net restricted expenditure of -£12,526). Unrestricted income was £133,314 (2022: £191,755) and unrestricted expenditure was £171,085 (2022: £184,635), generating net unrestricted expenditure of -£37,771 (2022: net unrestricted income of £7,120). At the end of the year, the charity’s funds consisted of £91,985 (2022: £45,009) of restricted funds and £78,008 (2022: £115,779) of unrestricted funds.

The charitable expenditure reduced to £227,414 (2022: £236,061).

Income from trading activities reduced to £5,660 (2022: £17,960) although fundraising events have been possible again. The cost of raising funds reduced to £19,354 (2022: £28,109).

My Life TV operation is conducted by the trading arm MLF Productions Ltd. The results of the trading arm are included in the accounting notes.

The trustees consider the financial position at the year-end as positive and stable.

Going Concern

The Trustees believe My Life Films is a going concern and we are confident that through a strong grants pipeline, fundraising and subscription income, the charity will continue to be secure. Thanks to grant funding already secured for the next financial year, our unsecured income requirements are lower and we can focus on achieving this remaining income needed to achieve budget.

The charity’s model enables it to scale up and down in activity as income allows and should there be material changes to projected income, the charity can reduce costs to manage its finances.

Reserves Policy

The aim of the Reserves Policy is to ensure that the charity’s ongoing and future activities are reasonably protected from unexpected fluctuations in its income and expectations. The board reviewed the Reserves Policy and agreed that a minimum level of two-month unrestricted general funds plus staff notice periods of £64,000 is appropriate given the risks faced by the charity and the sustainability of its different income streams.

The reserves level is monitored quarterly by the Finance Committee who will make any required adjustments if and when the need arises. The Reserves Policy is reviewed by the Board on a yearly basis and whenever there are significant changes in My Life Films operations.

Plans for the Coming Year

In FY24, My Life Films plans to continue focusing on the growth strategy for My Life TV, specifically,

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Structure and Governance

The organization is a charitable company limited by guarantee, incorporated on 17 February 2014 (company number 08898416) and registered as a charity in England and Wales on 27 May 2014 (registered charity number 1157198).

The charity is registered under the name My Life Films Limited and it operates as My Life Films.

The charity has no share capital. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 28 February 2023 was 8 (2022: 9). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

The charity’s governing instrument is the company’s Memorandum & Articles of Association dated 18 January 2014. These set out the objects and powers of the charity and how it is governed. A board of trustees has been appointed in accordance with them. The board has a minimum of 3 and a maximum of 10 trustees. The board is responsible for the overall governance of the charity and determines its strategy.

One third of the trustees (or the nearest number to one third) must retire at each AGM by rotation and are eligible for re-appointment. The appointment of new trustees is overseen by the Board following an analysis of the skills and expertise each new trustee brings.

One trustee stepped down during FY 23. From 28 February 2023 to the date of this report, two trustees stepped down and two were appointed.

During this reporting period My Life Films held four board meetings. The trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out as described in note 11 to the accounts.

Operations

My Life Films is run by the team of staff, freelance filmmakers and volunteers. This ranges from income generation roles (grants, voluntary income, trading income) and finances to project management, impact reporting, innovation and partnership building. Along with amazing volunteer support we have many supporters raising funds for us through community frundraising.

During this reporting period the day-to-day running of My Life Films was delegated to Monika Lang who held the position of Executive Director to November 2022, and subsequently to Rachel Addley. This role is accountable to the Board of Trustees and attended Board meetings.

Related Parties

My Life Films has a trading subsidiary, MLF Productions Ltd to carry out non-charitable trading activities. The subsidiary has, in fact been used to operate My Life TV, a charitable activity wholly within the objects of the charity. The trading arm is also occasionally involved in commercial film production.

Remuneration Policy for Key Management Personnel

The Finance Committee has responsibility for nominations and remuneration and actively monitor staff salaries. The key management personnel include the Executive Director.

Risk Management

The board manages financial, operational and other risks through regular review at board meetings, as well as Finance Committee meetings. The charity’s risk register details the major risks and mitigating actions that can be applied to them and is regularly reviewed by the board. Procedures are in place to ensure compliance with safety of staff, volunteers and clients and these procedures are reviewed periodically.

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Reference &

Administrative Information

Reference &
Administrative
Information
Registered Charity number 1157198
Company Number 08898416

Registered Office and Operational Address Unit 2, Dickson House, 3 Grove Road, Richmond, Surrey, TW10 6SP

Trustees

The trustees of the charity, who served during the period from 1 March 2022, and up to the date of this report were as follows:

Jörg Roth appointed 17 February 2014
Carolin-Marie Roth appointed 17 February 2014
Piers Koting appointed 31 May 2016
resigned 27 June 2023
Alexander Kann appointed 31 May 2016
Aileen Jackson appointed 31 May 2016
resigned 14 September 2022
Elizabeth Allen appointed 15 February 2017
resigned 27 June 2023
Lisa Silver appointed 21 November 2018
Maana Ruia appointed 1 December 2021
Hanna Yongo appointed 1 December 2021
Shona Clegg appointed 27 June 2023
Emma Hewat appointed 27 June 2023

There were no trustees who held title to property belonging to the charity during the reporting period or at the date of approval.

Company Secretary

Jörg Roth

Key Management Personnel Executive Director:

Monika Lang appointed 26 October 2020 resigned 25 November 2022 Rachel Addley appointed 28 November 2022

Bankers

Barclays Bank plc, 8 George Street, North Sheen, Richmond upon Thames, Surrey, TW9 1JY

Independent Examiner

Patrick Morrello ACA, Third Sector Accountancy, Holyoake House, Hanover Street, Manchester, M60 0AS

Design Karoshi

Trustees Report

The trustees present their report and the unaudited financial statements for the year ended 28 February 2023. Included within the trustees’ report is the directors’ report as required by company law.

Reference and administrative information set out on this page forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice – Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

“My Life Films Limited” refers to both the charity and its subsidiary company, “MLF Productions Ltd”, which carries out some of the charitable work of the charity. The narrative in the report refers to the work of both entities.

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Statement of

Responsibilities of the Trustees

The trustees (who are also directors of My Life Films Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the fi nancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare fi nancial statements for each fi nancial year, which give a true and fair view of the state of aff airs 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 fi nancial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the fi nancial position of the charitable group and to enable them to ensure that the fi nancial statements comply with the Companies Act 2006.

They are also responsible for safe-guarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and fi nancial information included on the charitable company’s website.

Legislation in the United Kingdom governing the preparation and dissemination of fi nancial statements may diff er from legislation in other jurisdictions.

Small company exemptions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption. The trustees annual report has been approved by the trustees on 29 August 2023 and signed on their behalf by

Alexander Kann Chairman of My Life Films

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Independent Examiner’s Report

Independent examiner’s report to the trustees of My Life Films Limited for the year ended 28 February 2023

I report on the accounts of the charity for the year ended 28 February 2023 set out on pages 23 to 34.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ICAEW.

It is my responsibility to:

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:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Patrick Morrello ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS

Date: 12 / 09 / 2023

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

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Statement of Financial Activities (including Income and Expenditure account) for the year ended 28 February 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net income/(expenditure)
for the year
9
Transfer between funds
Net movement in funds
for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
Restricted
funds
£
Total funds
2023
£
Unrestricted
funds
£
Restricted
funds
£
Total funds
2022
£
127,467
117,659
245,126
173,780
43,009
216,789
–
5,000
5,000
–
24,000
24,000
5,660
–
5,660
17,960
–
17,960
187
–
187
15
–
15
133,314
122,659
255,973
191,755
67,009
258,764
19,354
–
19,354
28,109
–
28,109
151,731
75,683
227,414
156,526
79,535
236,061
171,085
75,683
246,768
184,635
79,535
264,170
(37,771)
46,976
9,205
7,120
(12,526)
(5,406)
–
–
–
20,328
(20,328)
–
(37,771)
46,976
9,205
27,448
(32,854)
(5,406)
115,779
45,009
160,788
88,331
77,863
166,194
78,008
91,985
169,993
115,779
45,009
160,788

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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Balance Sheet as at 28 February 2023 Company Number 08898416

Note
Fixed assets
Tangible assets
13
Intangible assets
14
Investments
15
Total fxed assets
Current assets
Debtors
16
Cash at bank and in hand
Total current assets
Liabilities
Creditors: amounts falling due in less than one year
17
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Restricted income funds
18
Unrestricted income funds
19
Total charity funds		 2023
£
3,188
167,904		 2023
£
666
975
1		 2022
£
6,473
140,089		 2022
£
1,995
15,741
1
1,642
168,351		 17,737
143,051
171,092
(2,741)		 146,562
(3,511)
169,993 160,788
169,993 160,788
91,985
78,008		 45,009
115,779
169,993 160,788

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

Directors’ responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 25 to 34 form part of these accounts.

Approved by the trustees on and signed on their behalf by:

Jörg Roth (Director and Trustee)

12 / 09 / 2023

Date Signed

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Notes to the accounts for the year ended 28 February 2023

1. Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a. 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) issued in October 2019 – (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

My Life Films Limited meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling.

b. Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern.

e. Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

f. Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

c. Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

d. Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

g. Tangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Furniture and equipment 25%

h. Intangible assets

The charity’s intangible assets are recognised at cost and amortised over their estimated useful economic life on a straight line basis as follows:

Website
Mobile App*		 25%
25% and 50%

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Notes to the accounts for the year ended 28 February 2023 (continued)

i. Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

j. 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.

k. 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.

l. Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

m. Foreign currency transactions

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

n. Pensions

Employees of the charity are entitled to join a defined contribution scheme. The charity’s contribution is restricted to the contributions disclosed in note 10. There were no outstanding contributions at year end.

2. Legal status of the charity

The charity is a private company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 20.

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Notes to the accounts for the year ended 28 February 2023 (continued)

3. Income from donations and legacies

Grants
Anne Rylands Small Donations
City Bridge Trust
D'Oyly Carte Charitable Trust
EQ Foundation
Esmee Fairbairn Foundation
Garfeld Weston Foundation
McLay Dementia Trust
Richmond Parish Lands Charity
The Funding Network
The Margaret Fisher Charitable Trust
The Peter Sowerby Foundation
The Rayne Foundation
Donations
Arnold Clarke Automobiles Limited
The Cazenove Charitable Trust
The Magic Bean Company
Sundry donations
Total
4. Income from charitable activities
City Bridge Trust
The Childwick Trust
Total
5. Income from other trading activities
Fundraising events
Rent received
Total
6. Investment income
Income from bank deposits
Total		 Unrestricted
£
Restricted
£
Total 2023
£
Unrestricted
£
Restricted
£
Total 2022
£
2,500
–
2,500
–
–
–
–
6,000
6,000
–
–
–
–
–
–
4,000
–
4,000
–
44,000
44,000
25,000
–
25,000
72,000
–
72,000
60,000
–
60,000
–
–
–
20,000
–
20,000
–
–
–
–
15,000
15,000
22,000
6,000
28,000
30,000
6,000
36,000
–
174
174
–
22,009
22,009
–
35,000
35,000
–
–
–
–
25,000
25,000
–
–
–
20,000
–
20,000
20,000
–
20,000
–
–
–
1,000
–
1,000
–
1,000
1,000
–
–
–
5,667
–
5,667
–
–
–
5,300
485
5,785
13,780
–
13,780
127,467
117,659
245,126
173,780
43,009
216,789
Unrestricted
£
Restricted
£
Total 2023
£
Unrestricted
£
Restricted
£
Total 2022
£
–
–
–
–
24,000
24,000
–
5,000
5,000
–
–
–
–
5,000
5,000
–
24,000
24,000
Unrestricted
£
Restricted
£
Total 2023
£
Unrestricted
£
Restricted
£
Total 2022
£
2,300
–
2,300
14,600
–
14,600
3,360
–
3,360
3,360
–
3,360
5,660
–
5,660
17,960
–
17,960
Unrestricted
£
Restricted
£
Total 2023
£
Unrestricted
£
Restricted
£
Total 2022
£
187
–
187
15
–
15
187
–
187
15
–
15

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Notes to the accounts for the year ended 28 February 2023 (continued)

7. Cost of raising funds

7. Cost of raising funds
Unrestricted Restricted Total 2023 Unrestricted
Restricted		 Total 2022
£ £ £ £ £ £
Staf costs – – – 7,949 – 7,949
Fundraiser’s fees 18,765 – 18,765 14,262 – 14,262
Fundraising events 324 – 324 5,589 – 5,589
Card/donation processing fees 265 – 265 309 – 309
Total 19,354 – 19,354 28,109 – 28,109
8. Analysis of expenditure on charitable activities
Total 2023 Total 2022
£ £
Staf costs 86,080 88,474
Staf recruitment and training 1,919 –
Film management 12,775 19,127
Film production costs 350 732
Film making 9,375 18,750
Mobile app expenses 191 491
Grants paid (see note below) 66,941 63,740
100 Hours project – 720
Premises costs 13,041 14,095
Accountancy, legal and other professional services 7,388 9,412
Grant writing 935 5,438
Subscriptions 3,914 4,001
Travel and accommodation 31 –
IT support 1,308 1,397
Insurance 1,039 993
Telephone 992 723
General ofce expenses 685 1,232
Marketing 4,243 1,094
Bank charges 112 119
Depreciation 3,279 5,523
Impairment of asset 12,816 –
227,414 236,061
Restricted expenditure 75,683 79,535
Unrestricted expenditure 151,731 156,526
227,414 236,061

Note re grants paid

All grant payments were made to the charity's subsidiary company MLF Productions Ltd towards the operation of My Life TV, an on demand streaming service designed to meet the needs of people living with dementia and those who care for them. The grant funded operation is wholly in support of the charity's charitable objects.

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Notes to the accounts for the year ended 28 February 2023 (continued)

9. Net income/(expenditure) for the year

This is stated afer charging/(crediting)
Depreciation
Impairment of asset
Independent examiner’s fee
10. Staf costs
Staf costs during the year were as follows:
Wages and salaries
Social security costs
Pension costs
No employee has employee benefts in excess of £60,000 (2022: Nil).
The average number of staf employed during the period was 2.8 (2022: 4).		 2023
£
2022
£
3,279
5,523
12,816
–
2,220
1,440
2023
£
2022
£
90,771
104,395
4,477
6,432
3,607
4,723
98,855
115,550

The average full time equivalent number of staff employed during the period was 2.8 (2022: 3.6).

The key management personnel of the charity comprise the trustees and the Executive Director. The total employee benefits of the key management personnel of the charity were £42,773 (2022: £42,698).

11. Trustee remuneration and expenses, and related party transactions

Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2022: Nil).

No members of the management committee received travel or subsistence expenses during the year (2022: Nil).

Aggregate donations from related parties were Nil (2022: £3,593)

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

During the year the charity made grant payments of £66,941 to its subsidiary, MLF Productions Ltd.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2022: Nil).

12. Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

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Notes to the accounts for the year ended 28 February 2023 (continued)

13. Fixed assets: tangible assets

Cost
At 1 March 2022
At 28 February 2023
Depreciation
At 1 March 2022
Charge for the year
At 28 February 2023
Net book value
At 28 February 2023
At 28 February 2022
14. Fixed assets: intangible assets
Cost
At 1 March 2022
Disposals
At 28 February 2023
Depreciation
At 1 March 2022
Charge for the year
Disposals
At 28 February 2023
Net book value
At 28 February 2023
At 28 February 2022		 Ofce
furniture
£
Computer
equipment
£
Total
£
1,881
3,437
5,318
1,881
3,437
5,318
1,175
2,148
3,323
470
859
1,329
1,645
3,007
4,652
236
430
666
706
1,289
1,995
Website
£
Mobile
application*
£
Total
£
7,800
15,060
22,860
–
(15,060)
(15,060)
7,800
–
7,800
4,875
2,244
7,119
1,950
–
1,950
–
(2,244)
(2,244)
6,825
–
6,825
975
–
975
2,925
12,816
15,741

*Note for Mobile Application

Due to ongoing technical challenges failing to justify the expenditure and management time, the mobile app was retired in the current year and completely written off.

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Notes to the accounts for the year ended 28 February 2023 (continued)

15. Investments

Investment in the shares of the subsidiary company MLF Productions Ltd
The charity owns the whole of the issued ordinary share capital of MLF
Productions Ltd, a company registered in England, register no 12085071.
The subsidiary started trading in March 2021 and is used to produce flms
on a commercial basis and to operate My Life TV, the dementia-friendly
streaming service. My Life TV is within the remit of the charity’s objects.
Proft and loss account
Income
Donation from parent
Expenditure
Net proft/(loss)
Balance sheet aggregates
Current assets
Creditors due in less than one year
Total assets less current liabilities
Net liabilities
Assets
Liabilities
Shareholder funds
16. Debtors
Other debtors
Prepayments and accrued income
Amount owed to parent undertaking
17. Creditors: amounts falling due within one year
Trade creditors
Other creditors and accruals		 2023
£
2022
£
1
1
2023
£
2022
£
8,827
8,062
66,941
63,740
(75,768)
(71,802)
–
–
2023
£
2022
£
3,125
4,683
(3,124)
(4,682)
1
1
1
1
3,125
4,683
(3,124)
(4,682)
1
1
2023
£
2021
£
–
289
2,009
2,102
1,179
4,082
3,188
6,473
2023
£
2022
£
–
618
2,741
2,893
2,741
3,511

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Notes to the accounts for the year ended 28 February 2023 (continued)

18. Analysis of movements in restricted funds

18. Analysis of movements in restricted funds
Purpose
Life Story Films
City Bridge Trust
The Childwick Trust
Donation
My Life TV
The Funding Network
The Peter Sowerby Foundation
EQ Foundation
The Margaret Fisher Charitable Trust
The Cazenove Charitable Trust
Others/rent
Richmond Parish Lands Charity
City Bridge Trust
Total		 Balance at 1
March 2022
£
Income
£
Expenditure
£
Transfers
£
Balance at
28 February
2023
£
22,500
6,000
(22,500)
(6,000)
–
–
5,000
–
–
5,000
–
485
–
–
485
22,009
174
(22,183)
–
–
–
25,000
(25,000)
–
–
–
44,000
–
–
44,000
–
35,000
–
–
35,000
–
1,000
–
–
1,000
500
6,000
(6,000)
–
500
–
–
–
6,000
6,000
45,009
122,659
(75,683)
–
91,985

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Notes to the accounts for the year ended 28 February 2023 (continued)

Comparative period

Purpose
Life Story Films
City Bridge Trust
The Frances Winham Foundation
National Lotery Community Fund
My Life TV
The Funding Network
McLay Dementia Trust
Richmond Parish Lands Charity
100 Hours of Conversation
City of London – London Community Response Fund
My Life Films app
Hampton Fund
Other major donors
Others/rent
Richmond Parish Lands Charity (1)
Total		 Balance at 1
March 2021
£
Income
£
Expenditure
£
Transfers
£
Balance at
28 February
2022
£
15,000
24,000
(16,500)
–
22,500
1,875
–
(1,551)
(324)
–
24,000
–
(24,000)
–
–
–
22,009
–
–
22,009
–
15,000
(15,000)
–
–
–
15,273
(15,273)
–
–
925
–
(720)
(205)
–
10,290
–
(491)
(9,799)
–
10,000
–
–
(10,000)
–
500
6,000
(6,000)
–
500
62,590
82,282
(79,535)
(20,328)
45,009

Name of restricted fund Life Story Films

My Life TV

100 Hours of Conversation

My Life Films app

Others/rent

Description, nature and purposes of the fund

Grants toward film-making costs to produce life stories films for people affected by dementia

Grants towards the cost of development and delivery of the My Life TV streaming service for people affected by dementia.

Grants towards the cost of calls and conversations by the filmmakers with people affected by dementia

Grant and donations towards the costs of developing a mobile application which allows families to create a life story film using their mobile phone. The application is free to use.

Grant towards the cost of rent for the charity’s premises

3333

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Notes to the accounts for the year ended 28 February 2023 (continued)

19. Analysis of movement in unrestricted funds

General fund
Comparative period
General fund
Name of unrestricted fund
General fund		 Balance at 1
March 2022
£
Income
£
Expenditure
£
Transfers
£
As at 28
February
2023
£
115,779
133,314
(171,085)
–
78,008
115,779
133,314
(171,085)
–
78,008
Balance at 1
March 2021
£
Income
£
Expenditure
£
Transfers
£
As at 28
February
2022
£
88,331
191,755
(184,635)
20,328
115,779
88,331
191,755
(184,635)
20,328
115,779
Description, nature and purposes of the fund
The free reserves afer allowing for all designated funds

20. Analysis of net assets between funds

Tangible fxed assets
Intangible fxed assets
Fixed asset investments
Net current assets/(liabilities)
Total		 General
fund
£
Designated
funds
£
Restricted
funds
£
Total
2023
£
666
–
–
666
975
–
–
975
1
–
–
1
76,366
–
91,985
168,351
78,008
–
91,985
169,993

Comparative period

Tangible fxed assets
Intangible fxed assets
Fixed asset investments
Net current assets/(liabilities)
Total		 General
fund
£
Designated
funds
£
Restricted
funds
£
Total
2022
£
1,995
–
–
1,995
15,741
–
–
15,741
1
–
–
1
98,042
–
45,009
143,051
115,779
–
45,009
160,788

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Doc ID: 7967118130e9d65c22b8ad0756ed4077b32d3418

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35

Doc ID: 7967118130e9d65c22b8ad0756ed4077b32d3418