Company Registration Number- 09318813 The Charity Reglstration Number is :_ 1160S72 The Good Life Orphanage & SBM School Report and Accounts 31 December 2023
The Good Llfe Orphanage & SBM S¢hool Report and accounts forthe year ended 31 December 2023 Contents Page Charity inforfflatlon Tru$tè••' Annual Report Statement of dire¢tOf•' r•gpon8lbllltl Independent Audltors. R?port 10 Funds Staterngnt¥."_ Slatem8nt of Financl81 Acllville8 Slalemenl of Financial Acllvllle8- PiSor Y&gr 818lem&nt 12 13 Slalèmartl of lo191 recognl88d galn8 and108se8 Movements in lund8 Rev8lu81ion reserves Revenue Fund8 14 14 15 Fixed Asset funds Income and Expenditura a¢¢ounl Summary of funds 15 18 Balanc• •h••t 17 C4¥h Ilow •tst•m•nt Notes to th• account• 18 19
The Good Lwe & S811 School Trn8tsu' Annu•l R•port forth• y•ar tnO•d 31 t)ecemb•r 2023 Ind •drnlnts¢r•tiv• d•¢•ll• Th• ¢h•rltyn•
Tho Good Llfo Orphanage 1 $8M School -09s1&13 TN8tees' Annual Report for the yeargnded 31 Decemb•r 2023 14fjG5. 111.Z 4Aft 7811377101 The MgiBl0100 offic8 ollho¢h•tity forCompanKsAcl the 8am8 a6 Iheopgfollng •&o11 •hLfMI 4bOV•. Th•TNllaq• In oinco on ¢n•é•t•ih• IpyadWr1..- MBguiro lond8n Thd 119 p•rnon• ••r•d •• Truito•idurtnll th•y•4i•nd•d $1 O•c•rnb•r2021:. IholwktQDl4lOWY00 In iho 14MallP•M14bM. •nomw4ro noth•ngMdurfngth•yoii.tykn Mllpth1OJ bONYQW lhOTalld Ihll iPWOvaioILnO All lh• Iruileu iro lK M•m ol lh• chwlty. Iliono•n M4llhow
Thè Good Lll• Orphan•8• & SBM Seh••l CorrWyRstrVthl Numbui. DD31651? Trustses. Annual Reportlor the yeir ended 31 Dorgmb?r 2023 Oblo¢t• Ind •ctl¥l¢l olthe ¢hJrlty Thopuo>o8•& of th• ¢h¥rlty 88 $Otovtltt 118 •10 T piweniih•lr8nnu•l 9her71h the flnfftnci JlJlemen15 of ihe chantyfor thEyeai on#¢d D6e•mt4r 312023 whh alwwepB tomeel the rewiremenlj fora diredoTS' fopDrt and 8¢ctsunis loi Ctsmp8nw 8th pviw888 REPORTING FR4MEWORK Thg financial ¥t4lemEnts COMph the Chartllès Aci 2011. IJ Compwl¢iAa20C4, th• M¢mwandum and Ar0¢ A8soGialion, A¢counfjno 8no ChAnU81". si•lemènl of R0Mm•nod PiiGtg io thafidewopadnu lhr(Loynts in CCLTrfdWC6 wlth Ihe Fin8nts Reportlno slan08 Appl18 In UK R•pJbUcof Ir0nd IFRSIOII l•fftCbYe 1 January 20151. rèlfrrroo 10 86 th6 charl8$ SORP IFRS 1021. Th• m•ln •CllvlU• und•rtak•n In rnl•llon to th01•puoI•l dwlng the yw. The olth•thrftythl¥ lIr•Cono¢t1 fundrnthlno •M Inth• ol4dmlnVWi¥• •MMtwc• Ip th DM Keny•njn8tytUlpUblICtsl Noch•ryo1 •1• io th• thIren W110 erthwthè WOOIty lh• Drph8n4• In K•ny•. In Und•kIng Iwr th• Truiie¢8 ol lh• how8lv•n thè Chirlty Commliikni pu¥hh•d I08nC• on pLI ThEcharttydoèi not èmpwithff ¢rqngag• beltrIcNItts und•rt•k•ili 11 rfrN•i onitr•tyw ¥dunteEr iuppul. A t19c•t contdbthloA In i•M olfundralBhg Ihoprovwon ol wjppon blh• K•ny•n Inidlulbjnb. wernl UK
Tho Good Llfo O¥phIO¢ & SBM School Tru#tee8' A Thnual RFport forthe year ended 31 D•¢embor 2023 The J¢llvllle& undert•kett dwlno th• ye•r to furth¢rth¢ ehwltypurpose forthepubllc Thè ooJect& ol ihe thanty. whn Ote ftyihg pubNc ben2l1. are to.. 111 the advaDc4m8ni ot me ethJcaiiDn of the in p8rticvkqr. ttlhOUl pl111(¥ tothogenwdQl tho lowegoino. èi tr10 gwo I School In Kenya by W0v1n ano a8818lno in Ihe woviilon 011ouiiikns lor educalbn al the sthorA.' 12110 reliev¢ gickne55 and povety JmDngsiemlJTh •nd young peop through th provlBb2n and opErallon of an orphanogg in Kenya.. 13110 advanro In Itft and roiie% thè nee08 ol&vw9 p£apthh lal thé ol Me8nI14nd leAwr•1kno pThithd In Inioie$i8 ol sC&?alYIralfr. des1gn4d lo mpro¥e thrG0ndib01 DI Ulv, &ndlOI Ibl Swovldlng 1uppr and aCtiwU88 which ¢•V6W Ih•f sk1$. upacltks and capabilie5 io qhEOi•lnemiD Psrtlrypeie In 8o¢W8• mat1¢ 4nO reBpw$ibie ind1vilall.. 141 lor the puDUc beflI. any chafit•b puipole l•win En#•nd 4nd W91 uthB 8n•ll In th• •DWlulfr di•cretn IfQrn iime IimEdeterrrfhB. Ilirns Tne main 01lhEcthrity 15 to lundralae In SKI UK In otdorto ProvJ9 fun#•w chthtobk In Ke. Ildoos n undenake Lvm actK4tybJl w¢wde$ Itn•nchl support inilliuliDnts in Kewa in ILdrmen101 N•thyr51at4e purpo. The M Injlrtutscns Il iuprorti w Keny¥ affjTh• Goad Lile Oiphllnage and 818omadQttO Mary S¢Aooi. In ¢Ndw lUppOrtIh •lloclive useul 118 fun00 the chanty ¥0 probldei pro bontradminiitrlve lupport tOth8S6 In1 Tho ttontribvtlon olvolunlo•r8 ¢urtng y••r. TheehJftyJo•i t blaff or onoao• tractll•unQ•I n r•lle¥ enur•lYonYnI• ILWOn. A eoninbuwon In termith fvnaraiihg ory8nl8. th• kYo¥llon ol wpport tothl Kgny•n Iroutulkni, Ind g?narnl UK thlnl•ir•Uo Tho m•ln •chlo¥om•nl• ind porformanc• ol th• charlty duflng tho y••r.
Th¢ Goo¢J Llfe Oryh•na90 & $8M School CompEThy Reginor.o8Jll3 Trustsos. Annual Roport for tho yoar endod 31 Dectrmber 2023 Schogl Dudn9 Iheyew, iho P080 fu1 w 8UFVQrtlho Sl BemHdDtte Mary School m KenyaThE i5ged as a private mixed4layschaolwrththe Mlstyar Ethjcauon. The Scho PiDvhYedfreB eduralion lor33B wpds. 331 ¢ikren Irtyn the sulioulry1cOrnMulW¥¥hD liye in atyect PDvety and %uld 073t¢¥ef hav6 altendod aoo¢4 8lortg 7 thildren Irom The Good Lite Ownap. H¢v80 We hwen8mtd HtiO Oi¥ Pa0 aw&yin 2021. rt 1> ¥Wy¥U(W9ttA wtho¥tt 100 di5Bd antr sal neeos thdn attending tektylh¢r8W gesSn8. We8 ¥ery keen toeypaid laUtys1here isnoW smi1 inthe art8 prw¢in9 asSffdtan¢e Iolhe needwi chldren Orphanage Good Lile Orphanage Dunng 2023. 1chanty praded fundiro towppm Lite Ortsrw Keny•. Tne ¢rph8n•ge Ca15 lorchldien up to the 4e ol ie ar$ The Orphanageis Tqgisiereo as a CharitabChIn'8 IA81ilubon and the Kenyan Go¥emm2nl{OepartMI lorchldren Serviesl ChIldren to Orphanage. The fundirfjFYo¥bled by thi5 chanty pIdeS lor. . Saleand tabaCcOMMlldabon. . ThtÈe meaL8 8day. tNI the childTen ar¢ eilheruphoned. abandoned or1Mng h8V4Lllde tUabOn %%ther6 tnay •re In oangei, and manyare malnouri5h2d &arnp". abLPSed 50 the need far 5pEoarI care pararnounl. During 2D23M¢onbrwfjd lo Ensu all the childrenvrewdl caied Ir In a secure enviroDrnenl S8M SrhoDI, DwVDralwy)al Trwning Sedon And Therapyaamp". Respite CenliecDnlinu810 ouri3b withmDre nepdychildren h#viny 8ftsS5 10 I1111¢S There are nrm 39 thIn being supwled tAinlrMtentO 18milvas in IhEcDmmunty IS¥re 8wwe Ihai h3bing ihL8 Ibikilh Ihew famihes is Very imputsntfor siablty a devdoprnotrf. M 18 provifwa 10 lor¢he¢hlldM and theirextendud tarn$. Fun#ralJlnw proyrEss Th was no annual fundrain9 evenlin 2023. the thaiity c4JnUnued recewe mwthty LknwKJn¥ from peOpWh gotthYart5 co¥enng sOrrOf the anNai iunnln9 t4)SlS. ié¢ei¥td an aftnuald¢nOQn fw t F2mlWthal co¥ers theoperatiroJ coslB 41 St EemadEtte Mary ScTh. Hau*'8 H(¥JseThwaty8 Re8ptte¢enlTea150 received an annualdr1hjn t&0perJ 5¢$ ftDm ELfenbBtu CharitabTsj
The Good Llle Orphanagè & SBP4 S¢h•ol Tru8tee8' Annual Reportfor ihe y•ar ÈThled 31 Decem 2023 Structure. gov•man •NI m•nagvmertdth• ¢h•rlty Flnanclal revievi The ¢han"ty> finrtiposiIT¢¥n attheoI•ylrt1Ijf DewAv2 22 •t5ncrAI 37.1 Tll1 FuTrJs FlnwJ¢lal revlfflv tsf thep05itiOn atthe rnpothgd•t¢. 31 OunI thewr, ihethsrityrAmy1uWrtIea £223.251 tOSuFPYisttoriiatée Fupxes
Tho Good Lh Orphan•9• & SBM S¢lwl Trnsteej, Annual Reportforthe year ended 31 04¢•ml 2023 eurrenl OFeraliny blgtstr5eqUth A¢ 31 2023thE12 ee5 £316.2)1. FUreI wd5 8¢h fu. $¢•t¢m0fit of thè Dlr•ctor%' and Tr0¥. Ro8gon•lbllttl•s exlonl staiuiw1gubb¢.thÈ Crwths [Anana Repxtsi ekn20D?. 10 iifiAyK•l ststernents In 8¢¢ord8nceith the SORP 2005. In vthy oftr Ixt thallhe SORP 2rm has trTruskes deienroned to Ihis (e$D¢sl11tya$ ieouti4ra th&n to fcknoJThwl bE51 rww¢the¥xxwrrts the FRS 102 SORP tye9inmThJ tyi oi after 1st JarAw 20191. (The SORPI. sta olats15 the fin8fwI FtIon ofthecharityandthKh ate Se¥lal tschantystran5acwm5 andw3t4e Irn w ens&Ke pl0th ofwop•r•tlon 01•0¥-sffi•II £omyny wovl8lon¥
Tho Good Lifo orphana & SBM School p#nylloBMtr•fjon FthT&or.M1881J Trustees, Annltal Report for the year end?d 3108cember 2023 The financbl 9ts1ernen15 havee m8red imrAerneThtry the FRS 102 SORP ¢wffolR¢COMnnrf¢d PRcUce f AcCon9 Reputln9 by Chwib8sI 2D10. P3bl0 periods ba05 oiafter 181Jry ZOIg).1 SORPI, and In acEDrdarKeYthh the Finandal Reporbng 8tandaid 1Q2, {ÉffathNe 1st J8nuary2016) Tho% 51aternents hawei8n w¥ed In a(* with I provknThiMkn Part 15 olthe ConyrfegALt20U8. tocompanie5 Subj1 tolhtr sm1 rJirnpank5 wlm9. SINEAD HARDING TA1¢0
The Good Llfe Orphanage & SBM School 31 De¢ember 2023 8lgn•d:. Thls report bYd5 svJned on 2e January 2025
The Good Life Orphanage & SBM School- Statement of Flnancial Activities for the year ended 31 December 2023 Statement of Financial Activities (Includlng the Income and Expenditure Account for the year ended 31 December 2023, as rnquirnd by the Companies Act 2006) SORP ¢ury•rty••r Cumintye•r Curr•n¢ y•ir Toial Funds Ptlw Y•ar Total Fund Fund• Fun 2023 2022 Incom• & Endowments from: 0onAtions & Leg8rie8 A1 222.351 222,361 270,631 Expendltur• on: Chanlable activrt 195.925 196.920 233.437 Tot41 expendlturn 195.925 195.925 233.437 Nel Incom• lor th• y••f 28,426 26,428 37,194 Net Incom• •ft•r trnn•f•r• 21.421 26,421 37,194 Net mov•m•nt In fundi 21NX 26,426 37,194 Reconclll•tlon of lundi... Tol¥l funds brought IoThY•fd 289,805 289.801 252.810 Total fund• c•rrl•d fowrd 316 316.231 The'SORP Ref Indicated abo¥e ij Ih? ciu8ikaiw)n ol irthn• set oul in IPe lorn1 SORP dL¢ument8. As required by paragraph 4.80 of the SORP. the t0h1 forwwd •MJ ftyw•fd frJnd8 above have bewh agread to th• Balanc• Sheet. A separaie S18temenl of Rèeo9niq•d G•in Los•e4 li not rtsywed os this S1•nI inclLhJeJ ¥ll rec¢*Nii¢d gains and109¥. All the prior year transaCtK41s ww•stricted it•M. •rKI omlysis is reqred All Bctivilies derive fiom conllntiw operation$ The not•s attach•d on pages 19 to 20 forrn an Integral part of these accounts. 10
The Good Llfe Orphanage & SBM School - Statement of Financial Activities for the year ended 31 December 2023 13
The Good Life Orphanage & SBM School - Ststement of Flnancial Actlvlties for the year ended 31 December 2023 Movements in revenue and capltal funds for the year ended 31 December 2023 Revenue accumulated funds Toi•l Lastyeir Toial Funds FuNt¥ Fund¥ Z022 Aecumulaied funds brought loNArd 289.805 289.805 252,610 Re¢ogni5ed gains and losses be Iranslers 26.426 26.426 37.194 318.231 316,231 289,804 Closlng revenue funds 316.231 316.231 289.804 Summary ol funds Toial L••1 Yoar Toial Fun and Fuh Fund¥ 20rJ Revenue accumulated fvn¢ts 316.231 316,231 289,804 The notes attached on pages 19 to 20 forni an Integral part of these accounts. 14
The Good Llfe Orphanage & SBM School - Statement of Financial Activities for the year ended 31 December 2023 The Good Lrfe Orphanage & SBM School Income and Expenditure Accounl for the year ended 31 December 2023 as required by the Companies Act 2006 2023 2022 Income Income operab.or 222.3S1 270.631 InvestsMIt income Gross Ineome In the year befwe exceptioal Itemg 221351 270.631 Gross Incorne In the year Includlng exceptlonal itèms 222.351 270,631 ExpendltsN• 195.925 233,437 Reali5ed trJ$8es on dw)saL8 ofswal inveslmenls thich are related Total expenditure in the year 195.926 233,437 Net income btfore tax in the financial ytar 26.426 37,194 Tax orb surplu5 ordtnary acbvitss Net Income after tsx In the flnanclal year 26.426 37.194 Retained surplus for the financial year 26.426 37,194 l aclivilies derive from continuirwJ operations In accordance knith the of Ihe Ccnpanie¥ A¢* 2(. the hirw5 aTrJ subheath.ngs useLI in the Ir¢corne and Expeftdrture acenI have tn adapted to refiect Ihe speaal nath ol Ihe activities. The notos attached on pages 19 to 20 forni an Intsgral part of these accounts.
The Good Life Orphanage & SBM School - Balance Sheet as at 31 December SORP Note R 2023 2022 Current assets Debtors Cash al bank and in hand 13 82 317.181 282.451 Total current a•90ts 317.181 291.451 Creditors.. •mount8 f•lllng due wlthln one year 14 C1 11,646) Net ¢urr¢nt ••••ts 318.231 289,805 Th• total net a•¥ of th• charfty 316,231 289,805 Restricted fund• Unrnstrlct•d Fund• Uni88lricled Revenue Fund8 316,231 252.610 318.231 252,610 De•lgn•t•d Fund8 Tol•l ¢h•rfty fund• 316.231 289,805 The'SORP Ref indicaled above is the d8ssifi¢ation of 84lanc• Sheet flems as set oul in the lomi81 SORP documents. As required by paragraph 4.60 01 Ihe SORP. Ihe Ixoughl forward •nd carried lorward funds above have be 4grefjd to the SOFA.. The directors are $ali$fi•d that the company 1$ enlitled lo exemption from the requirement to obtain an &udil under saclion 477 of the compani Acl 2006. The member h¥$ not requlred the compw lo obiain an 8udil In xctyd•ne• 476 of Ihe Act. The 1CtorS a¢knoledge thelr respon5iblits for &JnrAyii¥J wlh the r•quirnrnnts ol the Companies Ad 2006 with fe$pecl lo accounling re¢ord8 and Ihe prepar81ion of accounts. Th8 financial statements have been prepared in accordance V•ilh the provision¥ in Part 15 of the Companies Act 2006. applicable to companies subject lo th? $rn811 ¢ty))p•ni¢s re9The. SINEAD HARDING 16
The Good Life Orphanage & SBM School - Balance Sheet as at 31 December Twsloe Approved by the board of twslees on 26 January 21r25 The nots4 attached on ge3 19 to 20 f¢mi an Intsgral part of th•s• accounts. 17
The Good Life Orphanage & SBM School Notes to the Accounts for the year ended 31 Decernber 2023 1 A¢counting poIscioS Policies relating to thèproductlon of the •¢¢ounts. Ba515 of paratort and accourtln9 comionuon The attounts have been prepared on acuuals b•$s. urtderthe historical Mst convention, and in a¢¢ordan ilh Ihe Financfal Reporting Standard 102. leffeNB 1st January 201618rn1'FRS 102 SORP (Statement ol Recommended Practice forAccounling 8nd Reporting by Charrfiesl 2019. applKable lo all a¢counlirYJ per5 beginniny on or after Isl January 20191. (The SORPI. published by the Charty Crxnmlssion Engkrtsl & WalES ICCEWI , and in accordance with all applicab law in Ihe ¢harit$jurBdi¢tion of regtratIOn, excepl Ihal the charily has prepad the financkql slalemenls in acGordance ilh the FRS 102 SQRP Istalemenl of Recommended Practice forAccountsng and Reportlng by Charitie512019. applicable Ip all a¢¢ouniing periods beginning on or after 1st January 20191. IThe SORPI, in prenCe io the ple0v$ SORP, Ihe SORP 2005. whh has been wrthdrawn. noiwithsianding the faci that the extant slalulory regulations. Ihe CharilBs IAtt¢vnts and Reports) Regulation5 2W8 ler explicilly lo the SORP 2005. ha8 been de to Bccord wlh cuirenl be$1 Pfactica. Going Coneem The charIlab aGti¥il$ are enllretyd8p8ndent on conlinulng grant aid and VUntary donations a8 well a5 Irading revenues. As a consequenrE. the going con¢ern bas 1$ depentsnl on the futu fl(w of these uncertain funding $ireams. Accordingly. the TSlee5 hB¥e obtsined fore¢a$15 and. after Ihe finan¢lal forecasts for futur8 pericls lo 31 DeGemtypr 2023, the Truste88 are t18r1ed that, al Ihe lim8 of approving th8 financial 5ts1emeDts, il is appiopriale lo adopt the going concem ba$1$ in Ppar1Th9 the fittantial $lal?menl$. Othèrthan the8e mallers, the Trustees are not aware of any material un¢krtainite$ abvul Ihe ¢hariV$ abilrty to ¢onlinue as a going concern. Risks and futufe assvmptlon8 The tharty is a pvblK benefil enlrfy. Pollcies relating to catègorfes of Ineome andlncome recognltlon. Plature of income Gross irt¢ome represents the value, nei ¢f value added tax and di$couthts. of good$ provided to ¢ustorners and work carried oul in respect of servtces provuled lo tustomets. 18
The Good Llfe Orphanage & SBM School Notes to the Accounts for the year ended 31 December 2023 Catggorles of Income Income18 calegorised as Income from exchange transadon8 (contract income) and income from non4xchange tran$adon$ (gmsl. Sn¥e$lment income and ¢ther i#cone. Income from exchange transactions is by the charity forgoods or $e¢0& Supplied und8r contract Of where entitlement ss subject lo fuifilliThJ perfomianc8 related condition5. The income the charity re¢eNes is appioximalety equal in value to the goods or servlces SUppld by the charity lo the purcha8er. Income from a non4xchong8 tran$a¢tlon ¢Whe Ihe charity ieceives value from the donor wlhcul provKling equal value in excharrtje. and includes donations of money. goods and 5eryiGes Ireely given without gfving equ81 value in exthange. InG¢Jme recognltlon Income, Wther from exchange or non exchange tr2n8aclKns, is recognK8ed in the StatenI of finan¢i•l adwit$ ISOFAI on a re(xw4ble b4sk5. when a Ii4nsaGiiDn or olhEr event SU1¢S in an fjnciease in the charity's assets or a redudn in 11$ liabilitie5 and ontywhen the charity has legal entleMent. the income 1$ probable atw can be m&asured relbly. ONthJend8 are accrued when Ihe sharehokjei's rfght lo rec8¢ve paen1 is eslabli5hed. Income subject lo terms and conditions which must be met fOre IhB charity 18 enlilkd lo Ih8 resouw$ 1$ noi recognised unlil the condrtions have been mel. All thcome 1$ a¢¢4uni¢d for gr•s$. f•re deducting any Rlatsd fee• or ¢osts. Accounting for deferred Income and income received In advance wre lerms aTrJ ¢on¢Jiti"on$ rolaling lo inMme hovo not b88n rnel or uncertaintyexi815 as lo whether the tharty can meet any te¢ms or condhSons othe1$e wilhln Ils control. incom8 M not ¥ecogni88d bul is deferred as a liability unm it 1$ wobabk that the lem$ Of ¢4)ndilions imposed can be rnet. Any grantthal is subject lo performance-related condiits?n5 rted in advance of ¢Jelivering the g(x)d$ an serwces ¥equired by th81 condition. or is subJ'8cI lo unme¢ condition5 wholly outside the ¢oniiol df the reclpie charity, is accounted for as a liabilityand shown on Ihe balanGe sheet a5 deferred irscorne. Delerred income is released lo income In Ih? reportirvd rIOU m whl¢h rfOrManCe-r0L9Ied or olhercondilions that limit legnIOn are mel. When inwrne from a grant ordonaiion has not bEen rncognised due to the condition$ apPn9 lo the grfi not being wholtywithin the cenlrol of Ihe reapient charity. il 15 disd05ed as a trjntingent a55el if receipi ofihe grant or donation 1$ piobable once ¢hose ¢ondition$ a met. Where time related conditions a imposed or implied by 8 lunder. then Ihe Income is 8PPOrtioned lo the lime period$ ¢on¢erned.and. V1he applKable. i% a¢¢ounted for as a liabllity and shown on the balance Sheet as deferred inGome. When grants are reGeNed in advance gf the expenditure Dn the alty funded by them. bul Ihere are nv 5perifiG litne relHled Gor$. Ihen Ihe GOMe o not defeired. Any condition that allows forthe recovery by donor of any un8xpended part of a granl (Soes not preveni recognition olthe intome Conrned. but a liabilrty lo any repaym8nt18 r8coanlsed when repaym8nl tttomtrs probab. 19
The Good Life Orphanage & SBM School Notes to the Accounts for thg yoar ended 31 December 2023 Donated goods. fac1785 and servi¢es Donated flAed assets are reGoynised at Ihe cuwrent la¥ valuE. Al su¢h dty7a1 are as doAalknn incorne. and delyted t• fL¥ed 858els. Dorwted 9ood5 thai not flxed assets a accolle¢ ot o tsvalue. unkss l 15 inpradKo1 to relsabty rreasure the Val olthe donated items. In the absence of any direct e¥je olfair ¥alu8 of d¢ated gcrf>ts. then a knje s derNW Irom the r•si Of Ihg rtern lo tht donoror. in the case of gc$ that are e¥•1 to be 5c& the estmmied tesak value after dedvdin9 any anlripaied c081s of 8818S. If d 1rnpractKab to mea5ufe the f3Y ol9($ donated res. orthe c¥)Sts of¥a oufvwJh the benefrt$. the donated gooas are rew¢¢d as sobj. wih an equpAoi amount W rec(snised •$ n expense. The cos15 01 d)nated lor dUtJn to t•r ¢ to be the lair value olth¢J5e 9oc41s upon I1p1. Ilvhen Ihe gocrfjs arE li8trJtsied fraety orlor a rKffjinal ¢onsbJerawi. then the canwng $ adjusted 31 the tsme of sak. lo the valut ai the ptynt oflsth"lyJtion aTr1 ts ltment 15 shtrn as a ¢osl of donation5 made. The carrying amount ol any stor hebj for di81rutKffj a55e55ed forthyimient althe reportw date. 1 donaled 9000s are recognwd a$ donaib)n COrne. aTrJ demed lo li?d slcthwhen irnding Stoth * subsequehtty sc41. or appropriated lo rneel an Èxpense, then the carryiryJ valup of the 5t0¢ * wtyjnoed as an exFe. In accordance the SORP. gocpjs donated lordi51thu1v I01)e. tyfio]fisurnptKsn by the charity•re included in leg$ artJ&MtsDns'. Gcojs donalEd lor rE5•k •e itKluded from oUwfra The o)siaf any siock olg¢xJ5 donsled lor d¢IribUtn to benermS r8de8med to Ihe fairvalue of 9Th78 al the oflheir ¢¢. Illhe gooJ5 h8W are to te fty10r a nrffiml con5hleratiM. then the carrying amwnl subsequently adjusted io relled the bAwoldeenW ¢o$t adj'uststy fw any of seite PDleniial and replaceffenl cost. Replacement C05t 15 the ecorWCQ$t Mi¢iiNed rftP¢ chartywas to repL9ce Ih 5ENiC pdential of the donaied 9()$ ol ts (n the mo5te(jDL¥n manner. OoThat8d service5 and facilities (wKIlIng sects stall •1 wOPTrI we the accounts on the basts ol the value of Ihe grft tothe dwrty- All donated services an¢J fa(&ts È reccoJnlwJ 8sthJnaTh irKg>molxn r8rAwed.Iprovhled lheIe olthe grfl an be mea$ur8d an¢J nryed as an eyrtse vAth an Policies Telabng to expdItTr on goods •Rdswvi¢•s pmvAd•d to th• eharlty. Allocatlng costs to •¢bvibes Oirect Costs th31 ale ¥petif• wlaled lo an aciwty we ¥lkcated tothat a¢iivity. SP0Rd dired D)$15 and awJpty1 Cosis a appOrtned tseln acINit. The b8Si8 for #pportiMrrnt. is U18ty3prl£d. d W¢Ptslb)Aa to Ihe •roJmslarw. 15:. Staffing. on Ihe basts oltine ¥nt in eunne(kn wlh any wlw>Jl¥a¢tr¥ty. staffing. on a F¢r capa basis. based on the nwnbefolof Fe¢p empw within •ny pol1ra1Mty. Premi585 rekited costs. en the wowth)n offAwaTEa ocoJp*l ty a partilar8(ty. Nan specific support costs- on the bas$ olthe usage of resources. in terms ol ltyne takw. capaoty used. reque51 made or olher measu Estimation techniquos u%d in appOrtnM9 costs. we ¢kni1s 20
The Good Life Orphanage & SBM School Notes to the Accounts for the year ended 31 December 2023 In atLordanee with lh& SORP. and sn reco9nillon ol Ihe IbfrUl1Ies in pla¢ing a mon81ary value on Contruln frorn ¥olunl8818. the contribution of volunteer5 li not includ8d wthin Iho Income of the ¢haiity. However. Ihe Iruslees value Ihe significanl contribut¥Jn made to the aethwliei ol lh¢ ¢hg11ty by unpald voluntee and th li de$¢dbed rnoro fully in Not85. Pollcles relatlng to P8S•ts, Il•biiitièS andprovlslons and oth•rmatt•rs. Soclal Inve¥tm•nts Any iealtyod gaim or ofi any progrnm• rolated Inveilment a$8al$ orn indud8d in row AS of the Sl•iem¢fil of Financial Activities (The SOFA). All gains on other soc1 Inve$lmenli. %vheihei re8ll$ed or unre8ts'sed. aro induded In row B4 of the Stslemenl ol Fin#101 Aclivllial lfit•nglbl• •••gt• GoL>Jwill1s belr4 wllt•n Off In equ•l •nnu•l In•lalm¢nt• 0¥gr Its eitlmated economlc Ill• 015 yearn, whjch aquil81 lo arnortiJalion 9120% slralghl Ilne. Accountln9 for PItal pr•nt• and Ilx•d u••1 fund Glfls of l•ngbl¢ fixed ¥•wl• or 9rgnlJ ol a capitlll nature. •iwn lor th? purpo8•8 01 Acqulrlng spgcific aiioil i• b• lulty ulled In tha lurtheranca ol tho 04ocli of the charily, lie crediied 10 fixed •$iet lundi •ft¢i Ihg donated i¥i•i as been r¢¢eiv•d or sums h•¥¢ been propedy expended on Ihe r•sirlct•d purpom. Wher• Ihelorrni ol lh• glft r•quire IM chaiity lo hold lh• aBMt on •n ongoing b•sis lor • purpom. Ih•n the x•d •si•t lund •0 ue•led ll ulegtylwd ao 8 reslrklqd flxod •sMI lund. and lh• i•l•v•nl r?1110n$ are rt•d In th• fLx•d 411•1 nolo 0. Whore the lemii ol the glfi •r¢ mel onc• Ihg 91$gt th acqulmd, •0 allon9 th• eharty10 the 8•MI on On uni?Jlrithd ba#ii, Induding Ihè pht lo r&rthe th• pro8¥ of any future 8018 of IhB aJsel on an Ur1r[Cl¢d bull, then the fixed ass81 fund 80 created i# eattyorid As a de&lgn•ted fSxed a$$et fund. When Asiets are icqulred lor the lyrther8nc• olthg ¢harWi obl•¢l¥. ulilisin4 th• th•fiVI uDre•lrfdod fund•. IFan¥l•r i¥ m•d• from unr•¥InO4 fundi lo • d•slgn•led fixed aBSel fund. Whether acqulred wilh unr881iicl8d or rnslrlcled lundB. th• ••MI wulr•d h Inlll•lly •hwn in Ihe balaAe• sheel •1 Iho lull co•1 of •wui$llion or sybsequanl r8v8lvatlon. Ai th• ro18i•d 411•114rn depr#d81gd, In •c¢ord8n¢• wth the d•prerAalkJn pollcy.in order lo rell•ci the dlmunilion in the 811•1.8 IianBf•r li made Irom the relev•nl flxed •1•gt fund8 lo ellher unreslrkled or r•¥lrid•O r+Kn fundi. as sppropriaie 10 Ih• i•m)i of lh• 0rigin•l 9ift. if •ny, The &ffe¢t ollhli pollty ll th•1 the •ggregot• 01811 fixed aJf•l lunds thall •gu81• i• the nel boo volu¢ offixed 8388ts. In Ihe lir81 year Ihal Ihii policy w•1 adopiod, a Ir•nsfer to fixad a¥MI lund8 was made equivaleni lo the nel book Value ol the a858ts. Any re8ldual IlabllNy to IhB donor Brising fic¢n. ftrr•xample, the 88$?t's fuiure ule, 5$ (li$dosed as a conllngenl liablllly unL8ss the event ihal would trf998F rnpayrnenl of th• gr•nl bxom•$ wob•ble In whl¢h c•ae a Ilability lef repayment Is reco9Thi8ed. Iniof•r 41 Ihis poll¢y re1 lo Government gr8nl$ ond lo the exlenl that il may be a departurv fmm the FRS 102 SORP (Statement of Recommended Practlce for Acwjnting Bnd Reporting by Charilie512019, •ppli¢obb lo all accounllng perlods begSnnlng on or after 181 January 20191. be SORPI. iueh donUr* 1$ justified on Ihe ba815 Ihat1118 In ord8r lo compw wtth SORP. 21
The Good Life Orphanage & SBM School Notes to the Accounts for the year endèd 31 D•¢omber 2023 Stocks and WO In progross Slock is valued al tl o(cost arKI nei vah. Debtor¥ DeblNs are Trtasurtd all"r sh801 date. Fund Accounting Unfesied iunds ate avaale loruse altr ollhe InTh85 in fijrth¢rn olthe9wAra oL4edpth of the charity There are rK• eTrlownent lunds. 2 Liability to tsxation The Trustee5 Conse1 Ihal IhE ¢harity Ihp tests sel out in Para9raph 1 schedu 6 of Ihe FiTran Aci 2010 lor UK corporatn tax puwoses. Acr¢1jt. the Chanty i51>)lentialbtexempt from resp8cI of income o caprtal ga5 received h1 categw covered ty thapter 3 parf 11 of Tox Ad 2010 or SectK 256 01 the Taxatbw of ChargÈable Gairts Ad 1992. to ex1enl tbat suth income are aPp1k exclusivety On the speafic tharitab obieds ol carty al for no ollw purpose. Valup Added Tax nol recoverable tytrf Ihe chanty. anLS 15 Iheiefrxe indyded the rthani costs tbe statneI of FirLafits¥ AdMtse 3 Vllndlng up or dissolution of th• charlty If upon inding up N d4sdulKtin of tr¢ ¢harty there ffenw any asset5. afler th8 58ithGtw 01 all debts ¢sabililies. the 888ets repre5enled ty the actmu1ated shall be trarthrr•J 10 some olhtr ¢hafdatrAe bctyjy or bodies hng simfjarobieds lo the thaiiy. 5 The contribution of ¥olunteers The chanty deFend5 00 the Supp101 ¥1815. Ya mKh ¥)protsatsd. Tr eharity h•0 112 Vdunteer5 who donated 1.B47 hou of Iheirtwne 51wdrrtiw events. Olher %UleerS urk1erttt 40 hovts orma1$ and di41ribulions and speoalisl volunteersiwth DBS ((k5. spenl 475 a yearsupr>Mir¥J theweek chik1ren's and young peoplÈ'$writirKJ groups.11 is eS1vate¢l Ihal the he of NteerS. the Festsvalwo need to find Ihe equNalent o¥ef £20.000 to cknlain sThlai servKes. The aar9ertts vthh YonIeerS are difficuN le ¥alue preci5ety in ffletary temB and ha¥e ten recogni5ed in Ihe Slatempni of Firtanoal Ach¥it*& The lUnteerS and the a¢¢¢Pt ar ogR8 Ihal no contrad ofempwI 15 clealed by Ilwe arrnngemenls. 6 Staff costs and emoluments Sal•ry Costs 2023 2022 Gr055 S3L¥¢s exdudlThJ truste88 and W ManagtrwipQrt 192.627 232.274 Total salariÈs. VAges r•l4¢qd costs 19 627 231274 The averdge number ol parf time stsff empw in Ihe ara$ The avÈ12ge number of full lure Staff employed in the yEarwas ThÈ estmat80 fv111in8 aquNaknl Trurnber all $laIlw in Iheyearwa5
The Good Llfe Orphanage & SBM School Notes to the Accounts for the year ended 31 December 2023 Engaged on charitab aclwl Engaged on ptsbIty actNrt En98ged On fundr¥i$ing •¢Xivils Engaged on rnaTho9emenl and 3dmin4trfm N•therthe nor•Ay persons thom ¥• rncN•J any 1¢•) irty the ¢hority or any related enlty. eithw in the or pw >•r. omptyth F4n$#Jn conlrthulw tsl ¥tto lh• lo1714 w•:. 2023 2022 £80.1 to £70.CI)O £70,fr)110 £80,000 £80,LbJ110 £g0,C#)O £90,LbJ110 £1C¥),OC Th•p•Mlgn d•¢•ll¥ ol¥uch hl¥hwp•ldsi•ff w•." Con1ribulhI Iw IN• proviilon olmomy purth•w p•Thn Undoifflongy pwthax• pon•h]n schom Und•f d•fh)ed nOthI pen•bn rernun•rakn in the yaarj w•• P•niion conlth1l0 p•1# tylhe •mpb Olh•r benefils p*KI Compenyllonmlm1W)ft Ptymt rvmuner8&on pocka Includvdin •bov• 23
The Good Life Orphanage & SBM School Notes to the Accounts for the year anded 31 December 2023 9 Remuneration and payments to Tru8tses and person5 connèctèd with th•m No tru$es or lSon8 connected wlh Ihern te¢eived any mnratn from the charfty, or any related entity. 13 Debtors 2023 2022 TrBde debtors 14 Creditors.. amounts falling dut wlthln one year 2023 2022 Accrua15 for orants payab Accrua15 50 1.596 950 1.646 18 Pension comrnltments 2023 2022 Pension ¢ommitrnenl8 underdefined tsenefiVd8fined contr*trutn schem88 ilhin year thin Iwo lo five years in over fwe years 19 Financial commitments under operating leases 2023 2Q22 At the year end the chaflty had nnual commltments under non- cancellab10 operadng 8¥85 35 59t out below.. OFeraling1085es whKh expire.. wiihin Or year thin h¥0 lo y88rs in over fi¥e year5 24
The Good Life Orphanage & SBM School Notes to the Accounts for the year ended 31 December 2023 21 Contractual capltal ornmitrnents 2023 2022 At Ihe finanoal year end. IhÈ charity had entered In ttraCtual LXrnilntS to acquire t3rv4th fwed a55ets lor amwnts shm The amounts ha% nol L provbjed in the 8ccount5. 22 Income and Expendlture accountsummary 2023 2022 At 1 January 2023 Svrplu5 aftertsx the >tai 289.804 26.428 252,610 37.194 At 310ocemb•r2023 316.230 289.804 25 Partlcular¥ of how Pani¢uiar funds arn r•pr¢sented by assets and Ilablllves At 31 O¢¢¢mb•r 2023 Total Tolll Ji lunds Fut)ds Funds Currenl Asxls Currenl Lkgbilrt 317.181 317.181 19501 317.181 19501 316231 316231 316.231 At 1 J•nu•ry 2023 Tolal Tctal Funds CufrentAssets CuJrent Liabili 291.451 11.6461 291.461 11.6461 291.451 11.6461 289.805 289.805 26 Change In tolal lunds over the yr as ¥h¢)wn in Note 25. analysed by IndlvSdual funds Ikn¢ffIn TranBlerB Fwdsc•rrted F¥ndi carrfjod Wor•rO to ftyw•rd to 2024 zoz4 lomr¢ frty Z022 S•• P4thZ7 S•• NEll• O Unfestrided Re¥en Funds 289.&J5 25,426 31S.231 316.231 Total unrnstrkted ¥nd de8lgn•tod funds 289MOS 26A26 316.231 316.231 Totsi ¢barfty fvnds 289MOS 26.426 316.231 316,231
The Good Life Orphanage & SBM School Notes to the Accounts for the year ended 31 Dgc8mb8r 2023 27 Analysls of movemen¢¥ in funds over the year ag shown In Not• 26 Oth¢r In¢0 ÈxpBndliurn aaln8 & Los$es ment Mov•m¢ni funds lund* 2023 2023 3023 1023 202J UnrtSlrfoted8nddeslgnated funds... UnStrICted Revenue Funds 222,351 1195.9251 26826 26.426 222,351 1195.925 26.426 Gains and losses are detailed in not88 0,0. O, O and D 29 Ultimate eontrolllng party The cttority is untler Ihe Mntrol of Its kgal members. Every member of Ihe charfty is obliged lo conlribule $u¢h amovnl as may be requId not excsedlr¥J £10 lo th8 assets oflhe company in the g¥enl of its being wound up he or She a member. orwlhin on8 year after he or she ceases to be a mernber. 26
The G)od Llf• Orphan•g• & SBM Sch¢Jol Deilllvd of In¢om• ind •xp•ndliW• forth• y•ar •nd•d J1 D•c•nw2025 u r•qulred by th• SORP 2016 30 Don•tlon¥, Gr•nl• •nd L•g•¢59• Don•0 and frnffl Indl¥ldw Indl¥ldu•l• ?7031 Totsl Oon•tlon•. Gr•nl• •nd L•g•¢l•• Al •nd L•4•¢¥ 222,JS1 22?.• Z711.lJ1 31 EAwndl¢yr• tyi ¢h•rti•bl• •¢UvllS••. Dhci •p•ndlhg Cumi Y•w Gros8 waoes and ¢hariwblè 8¢11 192.627 232374 ToiAI Ilrrti •p•ndlng 112,127 23lJ74 32 Support M•t• for ch•rft•bl• •¢Uvlll•• Cwv•nt Y•w Prgml••• Exp•n••• Pr•m1500 ryir•. ren•w•h rn8inl•nanc• Admlnl•trillv• Dv•rh• Slallrrnry pdnlkng Accounlary fee8 Ot1 th exarnfft•iN)n w •udM I Legal fges Bank chy Supg•rt ¢o•t• b•lorn f•alltIon Total #Up¢. Y•ar JJ
The Good Llfe Orphanage & SBM School 0(Iled aThaty8 of Incomo antl Pxpendliurv ftyr th8 ygar endfrd 31 0ocvrnboT 2023 as requlied by the SORP 2015 Admini8tr8ts overtre•d• ThE ofalkncaboThof cJ)sts aCbwUèi1s dbed uThYerac¢ounting PDIi¢io¥ 33 To1 Charltsblo expBndiivr& Curr•ntyw CurrortyNr CurfOhlyo¥ PrknrYoÉr Fun Toial direci spendhg Toi41 suppDrt C0518 82a B2d 192.627 19W7 132,274 1,163 195, All the eXPeUln tho priDiy8Nrwa PrJarY•Af PrfotY#r prtorYDBr T4111 Fu1 ior Year Funds 2022 Tow direct speThJlThJ Towi support C051s 232.274 1.183 23l274 1,1É3 B2d Total charl{*01p9dttU 82 233.437 233 437 26
The Good Llfe Orphanage & SBM School Actlvlty analysls of Income and expendlture for the for the year ended 31 December 2023 rhls analysis is classsified by acdvlty and not by ¢onv•ntional nominal descrlptlons. 34 Analysls of Income by actlvlty SOFA r•f 2023 2022 Actlvlty Summary of Total Income. Includlng the hwns aljove Donalicrt & Legaoes A1 222.351 270.631 Cat•gorl•8 of I0• Inwne Ir •xehary tr8fi8acti 222.351 270,631 36 Analysli of chJrll•ble exp•ndlture by •ctlvlty A¢tlvlty Summary of charflatsl• by actl Dlrnct costs Support colts Grant fvndlng of acllvltl•s 2023 Tol•l Totsl 2023 2023 2023 2022 The comparntlve figurns In thls row have not1 b••n corr•ety •nalys•d.'. A1. Expendlture on charltsbl• actlvltles dlrgctly attrlbuiable to actlvltles 83. Prem15es Expenses 84. Admlnl¥tratlve ovèrheads 85. Professlonal Fees 86. Fln•n¢lal costs 233,437 192,627 66 1.07J 1.290 870 Total ch•rtt•bl• •xpendliuf• 196.925 233.437 The bo815 of allocauon ol Cts ithpen Is ¢JeBcriW ac>tiTra poliaes Th• br•8kdown ofthis expeThliture by type ol ( elassificabonl o deladed in note 33 29