REGISTERED CHARITY NUMBER: 1158248
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Reportof the Trustees and Unaudited Financial Statements for the Year Ended 31 July 2023
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¥6velife Foundation
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360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HU1 3TG
lévelife Foundation
Contents of the Financial Statements for the Year Ended 31 July 2023
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|Reference|and Administrative|Details|1|
|Report of|the|Trustees|2|to|3|
|Independent Examiner's Report|4|
|Statement|of Financial Activities|5|
|Balance|Sheet|6|
|Notes|to the Financial|Statements|7|to|li|
|Detailed Statement|of Financial Activities|12|
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\6yelife Foundation
Reference and Adininistrative Details for the Year Ended 31 July 2023
Registered Charity number 1158248
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23 St Barnabas Drive Swanland East Yorkshire HUI14 3RL
Bank Details NatWest The Square Willerby Hull HU10 7UA.
Trustees
Mr C A Wiles Trustee Mr G Hobson Trustee Mrs C Newton Trustee Mr R Moulds Trustee
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lévelife Foundation
Report of the Trustees for the Year Ended 31 July 2023
The trustees present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of 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 (PRS 102) (effective 1 January 2019).
When the charity was established it was done so with the purpose of remembering Lee and continuing to support those suffering with or striving to find a cure for MND. It is still the will ofthe trustees to continue with this objective although as accepted on the previous trustee overview, the level of fund raising achieved in the early stages of the charity's inception will be difficult to replicate.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective was to raise £100,000 for the relief of persons who are, or who are suspected of being, affected by Motor Neurone Disease and its associated conditions by seeking to ensure that such persons and their families and carers receive such help and assistance as is calculated to relieve their need.
To assist in such ways as the charity trustees think fit any registered charity whose aims include using medical research for the advancement of health or saving of lives or promoting medical research to advance the education of the public in general and specialists working in a particular medical field and publishing any useful results arising from such research.
Public benefit
The charity's main goal is to raise awareness of and funds for those who are suffering and/or searching for a cure for MND. This is a condition which in the wider context of public funding receives extraordinarily little, yet this is a debilitating condition which renders sufferers in need of care, equipment, and a great deal of support from those around them.
Since its inception the charity has raised awareness and funding for MND through the following:
Rugby League and Golf Tournaments
Sponsored walks and cycle rides Ongoing association with Skirlaugh ARLFC Initiatives with schools and local companies Sponsored sky dives Auctioning sports memorabilia through organised sports lunches The sale of t-shirts and training clothing Local donations made ad hoc by the general public
The charity is providing a benefit fo the public through its constant awareness of this condition and the way in which it can offer financial support to relevant persons associated with this condition in one way or another. Throughout this year we have taken the commission's public benefit guidance into account when making any decision to which it is relevant.
Grantmaking
The charity reached its stated objectives in terms of meeting a £100,000 fund raising target and has also given financial assistance to local sufferers of MND and donated to the Sitran centre in Sheffield to assist with ongoing research toward providing a cure for this condition.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In the year ending July 31st 2023 the charity activity was minimal but a donation of £2,000 was made to Andrew Lindsay who had been diagnosed with MND and was raising fimds for other MND sufferers by carrying out a Wold Trek Challenge. This donation was made in conjunction with Rosie Atkinson of Garton upon the Wolds, an acquaintance of Carl Wiles and a friend ofAndrews.
The charity still features on the Just Giving Website but has not been a recipient ofad hoc fund raising during the accounting period.
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l6velife Foundation
Report of the Trustees for the Year Ended 31 July 2023
FINANCIAL REVIEW
Reserves policy
The charity has no debts and does not have a reserves policy.
FUTURE PLANS
It was agreed that following discussions with professor Pamela Shaw ifthe Sitran Centre in Sheffield additional grants would be made to them, although this is unlikely to happen until mid 2023, This would eat into the charities funds but was absolutely necessary to ensure that the funds are put to their intended use.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed oftrust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees The charity has not yet actively sought to recruit additional trustees. Those who accepted the role of trustees have committed to the charity for a minimum of 3 years; following which they will have the option to resign their position. This has not happened however and in the event ofthis happening the charity will actively look to recruit replacements firstly from within the circle of fund raisers/friends who have given their time since the charity's inception and secondly from a wider circle of potentially experienced trustees.
The charity's constitution states the following:
Every charity trustee must be ¢ natural person. No individual may be appointed as a charity trustee of the CIO: If he or she is under the age of 16 years; or if he or she would automatically cease to hold office under the provisions of clause [12(1)(e)}. No one is entitled to function as a charity trustee whether on appointment or on any re-appointment until he or she has expressly acknowledged, in whatever way the charity trustees decide, his or her acceptance ofthe office of charity trustee. At least one of the trustees of the CIO must be 18 years of age or over. If there is no trustee aged at least 18 years, the remaining trustees may only act to call a meeting of the charity trustees or appoint a new charity trustee.
Trustee Overview When the charity was established, it was done so with the purpose of remembering Lee and continuing to support those suffering with or striving to find a cure for MND. It is still the will ofthe trustees to continue with this objective although as accepted on the previous trustee overview, the level of fund raising achieved in the initial stages of the charity's inception will be difficult to replicate. Approved by order ofthe board oftrustees on _palylreed and signed on its behalf by:
pea
sessavee sveveesseee
Page 3
Independent Examiner's Report to the Trustees of lévelife Foundation
Independent examiner's report to the trustees of l6velife Foundation
I report to the charity trustees on my examination of the accounts of l6velife Foundation (the Trust) for the year ended 31 July 2023,
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) ofthe Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the exaraination giving me cause to believe that in any material respect:
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accounting records were not kept in respeot of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part ofan independent examination.
J have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding ofthe accounts to be reached.
Andrew Steele FCA FCCA The Institute of Chartered Accountants in England and Wales
360 Accountants Limited
- 18-19 Albion Street Hull East Yorkshire HU1 3TG Date: 24leley.
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I6velife Foundation
Statement ofFinancial Activities for the Year Ended 31 July 2023
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|.|317.23|31.7.22|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME AND ENDOWMENTS FROM|
|Donations|and legacies|30|-|115|
|EXPENDITURE ON|;|
|Raising funds|2|-|-|
|Charitable|activities|
|Unrestricted|‘|5,144|5,479|
|Total|5,144|—|5,479|
|NET INCOME/(EXPENDITURE)|(5,114)|(5,364)|
|RECONCILIATION|OF FUNDS|
|Total funds brought forward|42,438|47,802|
|TOTAL FUNDS CARRIED FORWARD|37,324|,|42,438|
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The notes form part of these financial statements
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i6velife Foundation
Balance Sheet 31 July 2023
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|31,7.23|31.7.22|
|Unrestricted|Total|
|fund|fimds|
|Notes|£|£|
|FIXED ASSETS|
|Tangible|assets|5|-|2,028|
|CURRENT ASSETS|
|Cash at bank|38,224|41,310|
|‘CREDITORS|
|Amounts falling due within one year|6|(900)|(900)|
|NET CURRENT ASSETS|37,324|40,410|
|TOTAL ASSETS LESS|CURRENT|:|
|LIABILITIES|37,324|42,438|
|NET ASSETS|37,324|42,438|
|FUNDS|7|
|Unrestricted funds|37,324|42,438|
|TOTAL FUNDS|37,324|42,438|
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The financial statements were approved by the Board of Trustees and authorised for issue on ALO SIE and were signed on its behalf by:
The notes form part of these financial statements
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l6velife Foundation
Notes to the Financial Statements for the Year Ended 31 July 2023
- ACCOUNTING POLICIES
Income All income is recognised in the Statement ofFinancial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure Liabilities are recognised es expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use ofresources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Charitable activities
During the year there were no significant charitable activities to note.
Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost Motor vehicles - 25% on reducing balance
Taxation The charity is exempt from tax on its charitable activities.
Fund acconnting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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l6velife Foundation
Notes to the Financial Statements - continued for the Year Ended 31 July 2023
- RAISING FUNDS
Raising donations and legacies
31.7.23 31.7.22 £ £
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.
Trustees' expenses
There were no trustees! expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022.
4, STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.7.23 | . | 31.7.22 | ||
|---|---|---|---|---|
| Staff | 4 | 4 | ||
| No employees receivedemoluments in excessof£60,000, | ||||
| TANGIBLEFIXEDASSETS | ||||
| Plantand | Motor | |||
| machinery | vehicles | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 August2022and31 July2023 | 8,110 | 19,500 | 27,610 | |
| DEPRECIATION | ||||
| At 1 August2022 | 6,082 | 19,500 | 25,582 | |
| Chargeforyear | 2,028 | - | 2,028 | |
| At31 July2023 | 8,110 | 19,500 | 27,610 | |
| NETBOOKVALUE | ||||
| At31 July2023 | - | - | - | |
| At31July2022 | 2,028 | - | 2,028 |
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l6velife Foundation
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|Notes to the Financial Statements|- continued|
|for the Year Ended 31|July|2023|
|6.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|
|31.7.23|31.722|
|£|£|
|Other creditors|$00|500|
|7.|MOVEMENT IN FUNDS|
|Net|
|movement|At|
|At|1.8.22|in|funds|31.7.23|
|£|£|£|
|Unrestricted funds|
|General fimd|42,438|(5,114)|37,324|
|TOTAL FUNDS|42,438|(5,114)|37,324|
|Net movement|in funds, inchuded|in the above|are as follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General fund|30|(5,144)|(5,114)|
|TOTAL FUNDS|30|(5,144)|(5,114)|
|Comparatives for novement in funds|
|Net|
|movement|At|
|At|1.821|in|funds|31.7.22|
|£|£|£|
|Unrestricted|fands|
|General fund|47,802|(5,364)|42,438|
|TOTAL FUNDS|47,802|(5,364)|42,438|
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I6velife Foundation
Notes to the Financial Statements - continued for the Year Ended 31 July 2023
7.
MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
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|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General fund|115|(5,479)|(5,364)|
|TOTAL FUNDS|115|(5,479)|(5,364)|
|A current year|12 months|and|prior year|12 months|combined position is|as follows:|
|Net|
|movement|At|
|At|1.8,21|in|funds|31.7.23|
|£|£|£|
|Unrestricted|funds|
|General fund|47,802|(10,478)|37,324|
|TOTAL FUNDS|47,802|(10,478)|37,324|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|fonds|
|General|fund|145|(10,623)|(10,478)|
|TOTAL FUNDS|145|(10,623)|(10,478)|
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I6velife Foundation
Notes to the FinancialStatements - continued for the Year Ended 31 July 2023
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 32 July 2023.
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l6velife Foundation
Detailed Statement of Financial Activities for the Yeay Ended 31 July 2023
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|31.7,23|31,7.22|
|INCOME|AND ENDOWMENTS|:|
|Donations|and legacies|‘|
|Donations|;|30|i|aS|
|Total incoming|resources|30|~|115|
|EXPENDITURE|:|
|Charitable|activities|
|Grants|to|institutions|-|~|800|
|Grants|to|individuals|2,000|“|
|—_—|;——|
|2,600|;|800|
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|Support costs|||
|Management|
|Subscriptions|216|,|216|
|Finance|:|
|Depreciation|oftangible fixed|assets|2,028|'|3,563|
|Governance|costs|.|
|Accountancy and legal|fees|900|,|900|
|Total resources|expended|5,144|;|5,479|
|Net expenditure|(5,114)|i|(5,364)|
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This page does not form part of the statutory financial statements
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