Company registration number 08972242 (England and Wales) SJC Chartered Accountants LETS FOR LIFE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
LETS FOR LIFE LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Mr OR Cameron Mr RG Thompson Mrs N Andrews Mr A Ciori Mrs A Wood Ms J Saville (Appointed 1 May 20241 Charlty numb•r 11577i7 Company number 08972242 RIstered offlce Hensrnill Hous8 9.13 Mancheslar Road Wilmslow Cheshire SK9 1BQ Ind•pgndent gxamlnor Mr N S Jenkins FCA clo SJC Chartered Acc£Junlanl5 St John's Chambèrs Love Slig91 Chesl&r Cheshire CH1 1QN
LETS FOR LIFE CONTENTS Page Trustees. Ipport Ind8p8ndent exatnlner's report Stslemenl of financial activlties Balance sheet Noles lo the financial slalemenls 7-14
Company registralion number 08972242 (England and Wales) SJC Chartered Accountants LETS FOR LIFE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
LETS FOR LIFE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 31 March 2024. The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81 slatetnenls and cotnply wilh the charity's governing document. the Cornpanies Acl 2006 and 'Accounts"ng and Reportsng by Charilies. Slatetnent of Recomfflended Practi applicable to chaiitie5 preparing their accounts in accordance th th& Financial Reporting Standard applicable the UK and R8public ol Ireland IFRS 1021" leff8cllve 1 January 20191. Objectives and activitie Ltrls for Llle provides high qu8111y horne$ wllh oxcell8nl standards ol specSalS8l supported houslng management. These enable ppnple Viho have learning disabilities with camplex support needs to have a tenancy and live in the local community.11 works wllh prlval¢ landlor(Js. phllanlhroplsls, Invoslor$, statulory 9nd volunl8ry bod59s. provldors gnd above 011, tenants and their families. to get the right home for the right lenanl. Lets for Lrfe provides ongoing additional housing management lo ils tenants lo ensure they have everyihing they need lo fu1 a sale and happy tenancy in a place they want to Lets for Life believes that all individuols have a right to be treated with respect and dignity, regardless ol the iffgronces bgtween Ihgm in agts, gender, marital slalus, ia¢B, sexuality. rgligion, ¢ullurg, L9nguage 01 disability. It strives for equality in all aspacls ol the charily and welcomes diversity, withaul discrirninalion. Lets Icr Life strongly believ85 that ¢onsl8nl monitoring and reviewing of ils gener81 slruolure, operations, policie5 gnd procedures is required for conlinuous improvement. This is Complelad n¢t only by internal, ¢xlernal and lenanl review. bul with 8 gtrong IooJ8 on coproduction aryj consultation. Public benefit Th8 trust885 hav8 pald duo 18gard lo guldanc8 issuèd by th8 Charity Cornmisson In dociding what activilles th8 charity should undertaka. Achlevements and pertormance Signific&nt £clivitiès and achigvom&nls ag&insl objeclivg$ Following on trorn the previous years. significant work on onboarding 4 new Transforming Gare projects, Lets for Life have iaken on o fiJrther one, based in the South East. Alongsid? these proje¢ls uts'lising NHS ¢apital gronl funding, Lets for Life onlinue lo access olhical avenu98 ol private funding ¢0 develop more choicg for quality supported housing, Strong evelopmeni and relaiiDn5hlps haye contlnued 10 grow In the key areas Ideniiried around Ihe North West and York5hlre. Lets for Life were a key. party lo delivering the housing for Leeds Srnall Supports ProgTarnme- as the only Rggislerod Provider who agreed to take part in it. This has since been used a good practi case study and talked about nationally. This ye3r Lets for Life was proud lo be induded lor lull phrtiGIPBtion in in the Srnall Provider pilot with the Regulator of Social Housing, to feedback lull reporting of the Tenant Satisfaction Measures. The truslees were impressed with the overall rgsponso rale 8nd rgsuts which ¢ame out ol Ihg qu$slionnair¢. 11 demonstr81gd th81. 01 Ihg tgn8nls rgsponded, 93% 01 tenants fell that Lets for Life treal* them fairfy and wlh re5peGt. 88Vo W8re sabslied that Let5 lor Life provides a home Ihal they feel is safe. 91¥0 were salisfied with Lets for Life over211. Whilst this is a positive response- there is always room for improvomonl. Lots for Lif• ar$ looking to ongago furth•r with tonants to gain fvrther insight and id$as of how wè can b• belter. We r8C8ived 24 stag8 on8 cornplainis Ip8r 1000 hom8sI- 1 in th8 whole 2023-2024 p8r1, which werg sath'sfaclorily resolved within the tiesCa1eS set out within the Housing Ornbudsman's Complaints Handing Code. The Trustees believe this is reflecb've of only having a high staff to tenant ratio we have invested in resource to ensure that tgnants iecgive a lirsi class service Irotn every member ol our leatn and ¢onlrador repres8ntaiiv9S. Despite this, Lets for Life continually strive for improvement and the moniloring the Complaints Handling Code ensures, allows for us lo do Ihis. They welcome all feedback to help us to continue lo drive up perfcrmance and satisfaction to all our tgnan15 and 51akeholder5.
LETS FOR LIFE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew Given tha reasons 14&18iled in A¢hvgmonts and Perforrnanc&, the Board of Trusl$es ara satislitsd with Ihe overall financial p8rforrnanc8.. Givgn th8 significant growth fU118d and cha118ng88 fac8d with providing excellent housin9 and support to our tenants, and navigating complex Transforming Care framework and proje¢ls, the Trustees are confident in Ihe opportunity ahead with a team thai is well equipped with Ihe knowledge, skills and confidence to grow the business frotn ils cole base. Through funding from ils parent charrty via an inlra-group agreement, Lets for Life was able lo maintain a heallhv finan¢i81 position The corvpanys financial resources are being closely monitored. recorded and reported al a managerial and Board level, and will continue to be so on an ongoing basis. Al the point ol registralK)ll, it was approved by the HCA that the cliarity cornmit8 lo hold a balance in reserves of £100.000 in order to fund ongoing liabilrties and to protect the business from an> shortfalls in revenue. Unrestricted resetves al 31 March 2024 amounlgd to £355,842. One of the Trustees, Cameron Ivia Hensmill Eslalesl, ho5 made available o nurnber ol properties at Newton Place and Th8 Old Vicar8g8. Thes8 properties arelgasgd by L8ts for Lilg from Hgnsrnill Eslatss and thereafter r&nl8d on by Lgts lor Life lo individual qualifying lenants. Thg rental level between Hen5mill Eslales and Lel8 for Lrfe is Sel using identical parameter5 as are operated with third party landlords. In the view of the Iru5tees, the rents paid are discounted from the rnarkel rates that Hensmill Eslales could achieve by renting Ihe properties directly on the open morket. Rcgorkfs policy 1115 the policy ol the charity Ih81 unrestricted lunds which have not been designated for a specific use should be maintained al a18v818quivalent lo b8tW88n three and six month's 8xp•ndilur8. Th8 trusl88s consid8r that r8s•rv85 al Ihis18vel will ensure that, In the &v8nt ol a signllicant drop In lundlng, th8y wlll ablé to contlnuè Iha charfly's curr8nt aCtlI&S whll8 consid&r8lion is oivttn lo ways in which adclilion81 lunds m8y be raised. Th16 level ol reserv8s h8$ been maintained throughout th• year. Slruclure, govemance and rnanagemenl Lèts for Lll is a r•glstewd charily (No 11577571, a eompany limlt8e by guarant88 (No 089722421 and speclalist supportèd housing provider for individuals with learning disabilities who have wmplex support needs,11 is a wholly owned subsidiary of 115 par¥nt chartly, Thè Cam8ron Charilablo Trust. Lets for Li1815 regulated by the Chadly ComTh15slon and Is reglsl8red wllh th8 Regulator of Social Hwslng as a Prlvate Regislerad Providtrr of social housing (No 48631. To meat the Standards strl (Govornance and Financial Viabilit, Valua for Money, Rent, Tenon¢y. Tenont Involvement and Empowerment, Nghbourhood and Cornmunity, H(Thel, Lets lor Life has adopt8d and complles th th8 Nallonal Housing F8d8rallon's Codo of Gov8rnanc8. Along with IhÈ ¢harity'$ Arti¢18s of Asso¢iatlon, the comrAi3nee wilh thesè standards Is govemed by Lets for Life's èleeted Board ol Tiuslees. 11 is responsible lor ensurirng the eh81ily slriv8s foi and aehieves thè Strategic and financial objectives il strls, dtrmonstrating probity at all tines. Lets for Lila invests in ils organisalional slruclure and staff members who manage the charrty demonstrating their specialist expertise, passion and knowledg8.
LETS FOR LIFE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Th8 Irust88s, who are also th8 directors lor lh8 purpose of compan> law, and who served during the y8ar and up lo the date of signature (rf the financial 5t8ternen15 were.. Mr DR Cameron Ir RG Thompson Irs N Andrews Ir A Crofts Irs A Wooe Is J Saville (Appointed 1 May 20241 Re¢ruilm¢nl 4nd gppointmenl of INsl¢es Trustees are recruited by rel8r8nc8 to an Appraisal Rèvi&w and Framework of Competency to ensure the cornposilion of th8 Board such that il can p8rform eff6ctiv81y. Small company provisions This report has been prepared In 8c¢ordan¢è with the prDvislons 8ppli¢able to companies enltled to Ihè sm811 companies exempts'on. Th8 Iruslees, report was approved by the B02rd ol Trustees. Ir RG Thompson Trustèè 30 Sèplemb8r 2024
LETS FOR LIFE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LETS FOR LIFE I report lo the tru5tee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 L8ts For Life Ith8 charilyl for the year erKled 31 March 2D24. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe trustoes ol tho charity land also its directors for the purposes of company lawl you aro responsibla for the pr8paration ol the financial statements in accordanc8 with the r8quirom8nt5 01 the Companies Act 2006 Ilhe 2006 Act). Having satisfied myselllhal Ihe financial slalemenls of the charily a not required Ir> be 8udiled undèr Part 16 rf the 2006 Ad and are eligible lor independent exarninalion, I report in respect of my examination of the charity's linanoal statements carried out under section 145 01 Charities Act 2011 Ilhe 2011 A¢tl. In carrying out my examination I have followed all the applicabl& 01r.n$ gDi¢n by Ihg Charity Commission undor Sec0n 1451511bl of Ihg 2011 Act. Ind•p•nd•nt •xamln•r's stat•m•nt Slnce th8 charlty'5 gross Incorne exceeded £250,000 your 8xarnln•r musl b8 a rn8mb8r ol a body Ilsl8d In s•ctSon 145 of th8 2011 Act. I confirm Ihal l am qualified to undertake the examination bécause l am a m8mb8r of th8 Institut8 of Chart8r8d Accounlants In England and Walès, which is one ol thè listed bc>diès. I have completed my examinalion. I confirm Ih8t no matters have Come lo my Otten'On in connection with the ex9minalion giving m6 caus8 to beli6ve that in any malarial r8specl'. 8¢counling records were not kept in respe¢l of the charity as requirèd by section 386 01 th¢ 2006 Act,. or the financial stalernent5 do not accord with those records., or the financial slalements do not comply with the accx)unting r8quirements ol section Jyb ol the 2UUb Act other than anj. requirement that the accounts give a true and lair wew which is nol a maller considered as part tsf an independent 8yamSn8llon', or the financial 5tatement5 have not been prepared in accordance with the melhods and principles of the Stslement of Recommended Pioclice lor e¢¢ounling and reporling by ¢horibes applicable lo chorilies preparing their o¢counls in accordance with the FinonrAal Reporting StBndord HppliBoble in the UK ond Republic ol Ireland IFRS 1021. I have no conc8ms and have comè across no othèr matters In conn8Ctlon wllh the examlnatlon to whleh attentlon should be rawn in this report in orcjgr to 8n8ble a proper understanding ol the fin8n¢i81 sialemenls to be re8¢hod. Mr N 8 Jgnkln$ FCA cjo SJC Chartered Accountants Sl John's Chombgrs Love Stroel Chester Cheshire CH1 1QN Dated,. 30 Sgplon)b&r 2024
LETS FOR LIFE STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestri¢t•d funds 2024 Unr•8tri¢ted fundg 2023 Notes Incom• and •ndowmènt8 from.. Donations and legacies Other trading 8¢1ivities Oih8r income 21,875 445,196 7,480 21.875 356.642 11.691 Tat*l ificofft• 474,S51 390.208 Expendlture on= Chariiabla activ8$ 377,705 340,456 Total •xp•nditur• 377,705 340,456 Net Income and movement In fund8 96,846 49.752 Ro¢on¢lllallon of fund$'. Fuiitj bdldfiGeb dl 1 Apiil 2023 258,996 209.244 Fund balances at 31 March 2024 355,842 258,996 The stalamenl of fin8n¢i818¢tivlli85 includes all galns and losses re¢ognlsed In thè year. All Income and exp8nditure dèrfv8 from conlnulng activi118s. The slalernenl of financial activities a150 complies with ltre requirements for 8n income and expenditure account under the Cgmpanies A¢¢ 2000.
LETS FOR LIFE BALANCE SHEET AS A T 31 AIARCH 2024 2024 2023 Not9¥ FlxÈd 8gse18 Tangib18 asse18 12 99,024 122,532 Currènt a88•t8 Debtors Cash at bank and In hand 13 138,725 304,390 238,585 403.28J 443,121 701.870 Cr•dilor8= amount$ f811ing du• within on• y•ar 15 1186,3031 1565,4061 N•t curmnl a860ts 256,818 136,464 Total as8•ts1•88 currnnl Ilabllltl•s 355,842 258,996 N•t ass•ts oxcludlng p•nslon Ilablllty 355,842 258.996 The lund5 of the charily Unr8slrict•d funds 355,842 258.996 355,842 258,996 Th8 company is enlilled lo the exemption from the audit requirem8nl contained in section 477 01 the Companies Act 2006, lor the year ended 31 MgrGh 2024. Th8 dir•ctors acknowl&Yg• théir responsibi1th. lor complying with th8 requir8monts of th6 Companles Act 2006 wlth r8sp8cI lo aecounlng Mcords and th8 pr8parallon of Ilnandal stat8mènts. The members have not required the cornpany lo obtain an audit of its financi81 $18lemenls for the year In question in accordance wilh section 476. These financial 51alernenls have teen prepared in accordan with the provisions applicable lo cornpanies subject lo the small ¢ornpgnies re91ff. The financial statements wore approved by the truslètrs on 30 September 2024 RG Thompson Tru8t•• Company regislrallon number 08972242 (England and W81esl
LETS FOR LIFE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountSng pollcle8 Ch8rity infowmation L&ts For Life is a privato company limited by guarant08 incorporat8d in England and Wal85. Th• r8glsler8d offlc• Is H8nsmill Hous8, 9.13 Manch8sl8r Road, Wilmslow, Che5hir8, SK9 18Q. 1.1 Accounting conventlon Th& financial stalemènts hav8 b88n pr8parèd in aceordanc& ivith lh8 d)arity's gov&rning doeLJm8nt, the Comp3ni8s Aet 2006, FRS 102'The Financial Reporting Stsndare applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Chari118s SORP'AccouNling and Reporting by Charits'es.. Statemenl of R8comm8nd8d Practice applicab18 to charities preparing their accounts in accordanc8 with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102114ffe¢liv6 1 Jonuary 20191, Th charlty Is a Publlc Benelll Entity as d6fin&d by FRS 102. The eharfty has tsken advantagè ol Ihè provisions in thè SORP for charlliès not to prèpare a Slatèmènt of Cash Flows. The financial slalements are prepared in 618rfing, which 15 the functional currency ol the charity. Monetary amounts in firidfiLltil sldli>iri¥ril¥ rour)d¥d tu Ili# Iitldf&?l £. The linon¢io1 Stolements ho'le been prepored under the historical ¢osl ¢onvents'on. The prin¢ipo1 ac¢ounling policies adoplgd are $91 oul below, 1.2 Golng coiic•ni Al the tirne of approving the financial slalernenls, the Iruslees have a reasonable expeclats'on that the charity has adequate resour¢es lo continue in operational exislonc¢ for the foreseeable future. Thus the trustees Conbnue to adopt the going ¢oncgrn basis ol accounting in preparing th? fin8ncK91 slalgmenls, 1.3 Charltable fund¥ Unr851ricled funds are avallable for use at the discretion ol the Irusletrs In furthor8nca of Ihelr charitable oblecllveg. R8$lrl¢tod funds are subled to 8pe¢rfle ¢ondillons by donors Qr grantors as to how they may be us•d. The purptssa8 and uyeg ol th& rastricted funds 8re sel out in th8 nolas lo th8 lin8na81 s18t8rnenls. Endowment funrls are subject lo specific conditions by donor$ that the capital mu81 be maintained by the charity. 1.4 Ineorno Income is recognised when the charity is legally enlilled to il after any performan¢e conditions hove been mel. the amounts Can b8 7)easured reliably, and il is probable that incorne will b8 r6ceived, Cash donations are r8cogni38d on receipt. Other donations ar8 recognis8d once the charity has been notified of the donation, unlèss ptrrtttrmancè conditions r•quir• d&ftrrral of th8 amount. Incom& tax tvrabl• in rèlation to donations ceived under Gift Aid or deed5 of covenant is recognised 8t the time of the donation. Legacies are recognised on receipt or otherwise il the charity has been notified ol an impending disliibution, the arnounl is known. and receipt is expecl&d.11 the amount is ncl known, tha legacy is Irealed as a conlingenl asset. Property rental commissions and rnanagemenl charges are recognised when the charity has established the right to recei¥e the incorne through performance of the related setvictrs, measurttd by relerence to the stage of completion.
LETS FOR LIFE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl 1.5 Expendituro Expenditure Is rOgnised On there is a legal orconstructive obligation to transfereconomic benefit to a third paty, it is probablo that a transftrr ol e¢onomi¢ bengfits will bo rUired in settlsmgnl, and Ihe amount of the obligation can b$ measured reliably. Expenditure includes all VAT which cannot be recovered. Exppndilur9 is classiligd by activity. The costs of each a¢tivity arg rnad9 up of thg tol31 ol dir9ft ¢osts and shared cosls, induding suppom aosts involved in undertaking each activity. Direct costs attributable to a singl& activity are allocated directly to that activity. Shared costs which contribute to more than one activity and supptsrt costs which ale not allributsblg to a Single activity are apportiongd bglwggn thos8 acliviligs on a basis con$i¥lenl vvilh Ihe use ol resources. 1.6 Tanglbl• nxod a5Sgts Tangible fixed a8sels arg initially measured al cost and subsequenly measured at cost or valuation, n8101 depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over treir useful livgs on Ihe following baseg.. Fixlur8s and fi'IIIDgs Computer8 Motor vehicles 10QA straighl lin8 200/0 gtralghl Ilne 33.33*/o sfraight line The 99in or loss arising on the disposal of on osset is determined 0$ Ihe differen belween the sale proceeds ond the
rrying value ol Ihg asset, and is reco9nisgd in ts $181gtngnl of financial acts'vilies.
1.7 Impalrment of flxed assets Al e8¢h reporting end dale. the charity review5 the carrying amounts of its tangible asset5 to determine whether there is any indication that those assets have suffered an impairment loss. 11 any such indication exisls. the r0Verable amounl ol the asset is aSlitna18d in oidgr to dalgrrnin8 the gxl8nl ol Ihg itnpaiim8nl loss lif any!. 1.8 Cash and cash &qulvalent6 Cash and cash equivalents Include cash in hand, depusits held at call wth banks, other short-lerm liquid investments with ori9in81 maturities c)f three months or less, and bank overdrafts. Bank overdrafts ar6 shown within btsrrowings in 1.9 FinanGiJl inJtruments Th& charily has elecled to apply the provisions ol Strelion 11 'Basic Financial Inslrumenis, and Section 12'0ther Financial Instrurnenls Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised ID the charily'g balance sheet when the charity b9Me$ party lo the conlr8clu81 provisions of th8 instrumant. Financial agsels and liabilities are offset. with the net amounts presented in the financial slaternenls. when there is a legally enforceable right to sel off the recognised amount5 and there is an intention to settle on a net basis or to realise Ihg asset and seiiie the Ilabllly slrnullaneously. Basic financial assets Basie financial assets, which include debtors and cash and bank balances, are inibally measured at transaction price induding Iran88¢tion costs end are svbsequenlly carried al 8mortise¢J cost using th& effective inl&rest method un1&88 the arrangemenl conslitules a financing transaction. where the transaction is rneasured al the present value of the future receipts discounted al a Maet rate of interpst. Financiql assets classified as receivable within one year are not amortised.
LETS FOR LIFE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl Basie financial lithbiliti&$ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri unless the arrangen)enl constitut$s a financing transaction, whro the dobl instrumonl is measurgd al Ihe prèsènt value ol the future payments discounted at a market rate ol interest. Financial liat)ilities classified as payable within one year are amortised. Debt instruments are subsequently rarried al arnortised cost, using the effective interest rate methixj. Trade creditor$ ar8 obligations lo pay for goods or services Ihal have been acquired in the ordinary coursg ol operations from supplier5. Amounts payable are cbssified as current liabilities if payment Is due within one year or less. If not. they are piosonted as nonacurrcnl liabilitios. Trade creditors aro recognised initially at transaction piicc and subsequgnlly rveasured al amortisgd using tbg effgclive inlerest rnelhod. DwKognltlon of IlnanGlal Ilabllltles Financial li<ibilikn'es are derecognised when the ch8rSty's contractual obligation5 expire or 3re discharged or cancelled. 1.10 Employee beneflts Th8 CL)St ol any unusad holiday èntitl8menl Is r•cognis8d in th8 Parlod In which th8 amploy8•'s s8tvic8s aré raceived. Temln8llon benefits are COgnISe¢l immediately 8S an expense when the charity is demonstrably commilled lo t•rrninat8 tha 8mploym•nt of an amployg• or to provide t8rminalion b•n•fit$, Crltl¢al •¢¢oundng •$tlmate$ and ludgomfynts In tha appliealon of the charfly'9 8ceountinu polle168, thè Iruslets are raould ltr make ludgeftnls, &sllmal8s and assumptions about the carrying atnounl of as5815 and liabilities that are not readily appar8nl from o(h8r sources. The estirnates and a550ciated 8ssumplion5 are based on historical expèrfen¢e and other laclors Ihat are considered to be r•l8vant. Actual résults may differ from th888 Ostlmalos. Thè esllmalÉs and undorfying aSSLJmptions are rèviewed on an ongolng basis. Revisions lo a¢counling eslirnates arg récognisad in thè pariod in which th¥ èslimal• is revis8d whèr8 the r8visw)n affècts only that p8riod, or in tho p•riod ol th• revision and fulur8 peri$ wherè Ihè revlsion aff8cts both current and future pèrlods. Incom• from donatlons and 1ggacl•s Unr•strlct•d fund8 2024 Unr•gtrfct•d funds 2023 Donated g0(xls and servic 21,875 21.875
LETS FOR LIFE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from other tradlng actlvltSes VnrÈgtricted Unr•9trictèd funds lunds 2024 2023 Ryi)lèl vl yropertitss 445.19G Othgv In¢omg Unr&8tri¢t•d Unrè8tri¢ted fund* lund• 2024 2023 M8nagemenl lees 7,480 11.691 Expendlture on charltable actlvltles R•ntal ol Proportles 2024 Rgntal of Propèrtlès 2023 Dlr•¢l ¢ost6 Property repairs, maintenan, elc 125,116 92,(Yd1 Share of 5UPPOrt and governance costs Isee note 81 Suppc>rt Governance 204,986 47,603 242,210 6.155 377,705 340,456 Analy$ls by fund Unreslricled funds 377.70S 340.456 N•t movernent In funds 2024 2023 The net rnovement in funds is staled atter chargingllcreditingl.. Depreciation ol owned tangible fixed assets 23,508 23,S)8 10-
LETS FOR LIFE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocat to acUvltl•s Support ¢09ts Gov•mance C08ts 2024 Tolltspport 91$ Govemance costs 2023 Tot81 2024 2024 2023 2023 Siaff eoste Depreciation Staff trainin9, trao81, elc Prerllises costs CommuniGJlions ond 22,070 23,508 22.070 23,508 22,070 23,508 22.070 23,508 17,805 107.051 17,80s 107.051 34,507 120,048 34.S)7 120,048 24,784 24,784 29,276 29,276 Oth&r Supptsrt Costs 9.768 9,768 12,801 12,801 Legal and professional Indgp8ndenl Examiner's lees 44,919 47.603 4,715 4,715 2,684 1.440 1,440 Charil•bl8 aelivbtl•8 204,986 47.603 252.589 242,210 6.155 248,365 Tru$tees None ol Ihe Iruslees lor any persons connected with theml received any remuner81ion or benefits from the charity durlno Ih8 yè8r. 10 EmployM¥ The average monthly nurnber ol employees during the year bw88'. 2024 2023 Numbgr Numbor Toial Employment cogts 2024 2023 Wages and salaries 22.070 22.070 There were no eplOy99s whose annual rernuneraiitsn was more than £60,000. 11 Taxatlon The charity is exempt from taxalion on its a¢tivitie$ because all its in¢orne is applied for charitable purposes. 11
LETS FOR LIFE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tanglble flxed assets Flxtureo and Conputers Motorvehlcles Totol Cost At 1 April 2023 117,800 24,170 20,684 162,654 At 31 March 2024 117,600 24,170 20.684 162.654 D•pr•¢latlon and Impalrmènt At 1 April 2023 Depre¢ialion Charged in the year 23,560 11,780 9,668 4,834 6.894 6,894 40,122 23.$)8 Al 31 March 2024 35,340 14,502 13,788 83,630 Carrylng amount Al 31 March 2024 82,460 9,668 6,896 99.024 At 31 March 2023 94,240 14,502 13,790 122.532 13 Debtors 21124 2023 Amount$ f4lllng dug wlthln on9 yoar.. Other debtors Prep8ym8nls and aecrutd In¢om8 52,276 86.449 1fj6.230 72.355 138,725 14 LoanB and overdrafts 2024 2023 DlrÈclr>rs' loans 5,000 Pay8bla wiihin one year 5.000 12-
LETS FOR LIFE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Credllors.. amounts falllng due wlthSn one year 2024 2023 BorroiNin95 Trade creditors Amount owed to parent undertaking Other crodilors Accruals and deferred incorne 5,QQO 20,419 75,295 77.973 7.616 31,757 156,600 309.911 2,148 186,303 585.406 16 UnTastrlct•d fuThd¥ Th8 unrestrlcled funds of the charity comprise the un8xpended balanc85 01 donallons and grants whlch are not subject to specific conditions by donors and granlors as to how they may b8 used. These includ8 designated fun¢Js which have been 5e¢ aside out ol unrestricted fund5 by the trustees for specific purposes. At 1 Aprll 2023 Incomlng r•sour¢o$ R•80urc•s 9xpondgd Al 31 March 2024 General fund5 258.996 474.551 1377.7051 355.842 Prevloug year: At 1 Apill 2Q22 Incomlng r•8ourcos Re80urces trxponded At 31 March 2023 Genero1 funds 209,244 390,208 1340,4561 258,996 17 R•lat•d party trinjactlons Transactions with r•lat•d parti•s Al the year end, The charilabla company owed £75,29512023,' £156,600j lo The Camaron Charltable Tru8t. Mr D R Cameron is a trustee and director ol both Charitab cornpanies. Al the yéar end, the ¢harilabl8 c¢mpany was ewed £51,311 12023.. £158,5241 by Hen8mS11 Estalas LLP. Mr D R Cameron is a partner in this business. The charilablg company btrnelited from renl-Ir&a office space provided by Mr D R C8meron. Mr D R Cameron provided a108n of £5,000 to e ¢haritsble in the year ended 31 March 2023 iowards the cosl ol 8 motor vehicle. The balance remains tsuisl8nding al the year end. 13-
LETS FOR LIFE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Llmlted by guarantee The ch8rity 1$ 8 compeny limited by gu8r8ntee 8nd hos n¢> $h8re 08PIt81. Every mernber of the charity undert8kes to contribute to the assels of the charity ID the evenl DI the same being wound up during the titne helshe Is a rnember or within one year afterward5 foi payment5 of the debts and liabilitie5 01 the charity contracled betore the time he15he ceases lo b8 a rnemb8r, and ol the costs, charges and exp8nses of windSng up the same and for the adluslm8nt of the right and coniributories amCgst themselves, such amount as may be required not exceeding £1 or equival8nl. 19 Controlllng party The parent undertaking is The Cameron Charitable Trusl, a ¢harilable ¢ompany registered in England and Wales and registered offi'ce of 9-13 Manchester Road. Wilmskjw. Ch98hire. SK9 18Q. 20 Houslng stock Al the balance sheet dale, the company rnanaged 81 units12023'. 82 unilsl ol supported housin9. The company does not own any housing Ljnils has no exposure lo void losses. 21 Fund$ h•ld 9$ agont and a$s•ts h•ld 0$ cutstodlan tru$i•• As pèrt of the Trlnsfomlng Care project. Iha eharity received funds from NHS Énol8nd to 8cquire four properb'ès and pay for the adaplions neces3ary lo meet the requir8menls ol lonants with comp16x needs. Title lo these propertles Is held in the name of Lets lor Life on trust lor NHS England. A5 such, they are not assets of the ch8rily and are not Ih8rofor8 Includ on thè balanc• sha. Actlng In its capacity as agant for NHS England lor thè dèllvèry ol the prolÈcl, thè charity rècèlvad a lotal of £429,537 durfng Ihe year and paid oul £776,430 The balancé of funds h8ld as ag8nl at 31 March 2024 was £18.52S, 14-
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