CHARITY REGISTRATION NUMBER: 1163138 SOURCE 4 LIFE Financial Statements For The Year Ending 1ST June 2025 Accountants and Tax Advisors 2 Norman Road, Thornton Heath, Surrey, CR7 7ED SOURCE 4LIFE Financial Statements Year ended 1ST JUNE 2025 Page Trustees, annual report Statement of financial activities statement of financial position Statement of cash flows 10 Notes to the financial statements 11 SOURCE 4LIFE Trustses. Annual Report (¢ontlnuwQ Year ended 1 Jun8 2025 Trustees. Annual Report The Trustees present their Report and the Financial Statements of the Charity for the year ended 1 June 2025. ststus The organisation is a UK Registered Charity Ino. 1163138 with the Charity Commission for England and Wales). Board of Trustees Shamim Arshid Sheikh S Hussain Management Committeo Mrs Shamim Arshid Mr Sheikh Saeed Hussain Opèration addrèss 13 Homefield Gardens Mitcham, Surrey,CR7 3BZ Auditors Accountants 2 Norman Road Thornton Heath CR7 7ED Bankers NatW8St Bank PLC SOURCE 4LIFE Trustees. Annual Report (conllnu￿) Year ended 1 June 2025 The Trustees have Pleasu￿ in presenting their Report and the Financial Statements of the Charity for the year ended 1st June 2025. The Financial Statements have been Prepared in accordance with the accounting policies sel out in Note 3 to the Accoun15 and comply with the Charity's Statement of Recommended Practice applicable to charities preparing their accounts in accoTdance with the Financial Reporting Stsndard applicable in England and Wales. PRINCIPAL OBJECTIVES AND ACTIVITIES The principal activities of the Charity were in accordance with the slated objectives of the Charity, and are as follows.. We focus on making the maximum positive effort for our community. Our members and volunteers provide the momentum that helps us affect change. Using data driven models. we provide solutions that make a long-lasling difference in life needy people of our community. VOLUNTEERS The Trustee5 wish to record their appreciation on behalf of the Charity and community for the volunteers who assist in the smooth running of th8 Charity and are critical in helping to keep the running costs down. No volunteers were remunerated in the year. TRUSTEES APPOINTMENT New Trustees are appointed with the approval of existing Trustees. Basic guidance is provided to the new Trustees on their responsibil￿leS as defined in the Constitution. SOURCE 4LIFE Trustees, Annual Report Ic¢7nllnu Year ended 1 June 2025 ACHIEVEMENTS AND PERFORMANCE Current and Future Activities The Charity has continued with the activities as in the previous years. FINANCIAL REVIEWS The results for the year are shown on pages below.. The progress during the year and the posrtion at the year-end is ￿nSIdered to be satisfactory. RISK REVIEW The Trustees have conducted their own review of the major risks to which the Charity is exposed and steps have been initiated to minimise the identified risks. All functions of the Charity are subjected to periodic review, resulting in 3 process of ongoing improvement. All the trustees are trained and have all the required statutory and regulatory clearances requi￿d, SERIOUS INCIDENTS AND EXCEPTIONS The Trustees are pleased to note that there were no incidents which gave rise to the need for the Trustees to lodge a Serious Incident Report with the Charity Commission. Furthem)ore, there were no Exceptions recorded and which gave rise to the need for the Trustees lo record on the Charity's Exceptions. Register. RELATED PARTY TRANSACTIONS During the year there were no related paty transactions. RESERVES POLICY The Trustees aim to maintain free reserves in unrestricted funds at a level which equates lo approximately three months of unreslricled charitable expenditure. SOURCE 4LIFE Trustees. Annual Report (cortunued) Year ended 1 June 2025 TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees are responsible for preparing the Trustees, Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to Charittes in England and Wales requires the Charity Trustees to prepare Financial Statements for each year which give a trLJe and fair view of the state of affairs of the Chafity and of the incoming reSoUr￿S and application of resources, of the Charity for that period. In preparing these Financial Statements, the Tfustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP2015 IFRS1021', make judgments and a￿OuntIng estimates that are reasonable and prudent; stale whether applicable UK Accounting Standards have been ft)Ilowed, subject to any material departures disclosed and explained in the Financial Statements., prepare the Financial Statements on the going concern basis unless it 15 inappropriate trj presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accountr'ng records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Chafity and enable them lo ensure that the Financial Statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports1 Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and he￿￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees, Annual Report was approved on 24th May 2019 and signed on behalf of the Board of Trustees by.. Mrs Shamim Arshid Trustee Mr S S Hussain Chaiman SOURCE 4LIFE Statement of Financial Activities Year ended 1 June 2025 2025 Restricted funds Total funds Total fvnds 2024 UnTeslricted funds Not• Income and endowments Charitable activities 00 000 000 00 Total Income 00 00 00 uu Expendlture Expenditure on charitsble activities Total expendlture 00 00 00 00 uv Net income 00 00 Fair value movements NIL NIL NIL Net movement in funds NIL NIL NIL NIL Reconciliation of funds Total fund5 brought forward Total funds carrigd foNiard 100 100 100 100 100 100 100 100 The ststement of financial acts'vities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. SOURCE 4LIFE Statement of Financial Position l June 2025 2025 2024 N¢te Fixed assets Tangible fixed assets Investments 16 17 NIL NIL NIL NIL NIL NIL Current assets Cash at bank and in hand 100 100 100 100 Creditors: amounts falllng due wlthln one year Net current asset8 20 NIL NIL 100 100 Total assets less current liabilities 11x1 100 Credltors: amounts falling due after more than one year NIL 21 NIL Net assets 100 100 Fund8 of the charity Reslricled funds Unrestricted funds NIL NIL 100 11)0 Total charity funds 22 100 100 These financial stslements were approved by the board of trustees and authorised for issue on 24th May 2019, and are signed on behalf of the board by.. Mrs Shamim Arshid Mr S S Hussain Chairman SOURCE 4LIFE statement of Cash Flows Year ended 1 June 2025 2025 2024 Cash inflow- from operatlng actlvlties In¢ome from Operating Activities 00 Cash Outflow- Cash expensed for charitsbSe purpose 00 NIL NIL Net Increaselldecreasel in cash and cash equivalents Cash and cash equivalents at beginnlng of year Cash and cash equlvalents at end of year 00 00 10- SOURCE 4LIFE Notss to the Financial Ststsments Year ended 1 June 2025 General informatlon The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 13 Homefield Gardens, Mitcham, Surrey, CR4 3BZ. Statement of ¢ompliance These financial statements have been prepared in Complian￿ with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Pracliee applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP IFRS 10211 and the Chanties Act 2011. Accounting pollcies B•sls of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure The financial statements are prepared in sterling. which 15 the frjnctional currency of the entty. Golng concern There are no material Un￿rtaIntieS about the charity's ability to Gontinue. Fund accountlng Unrestricted fvnds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unreslricled funds earmarked by the trustees for particular future project or Gommitment. Reslricled funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Incomlng Trsources All incoming resources are included in the statement of financial activities when entillemenl has passed lo the charity., il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entillemenl isestablished. income from donated goods is measured al the fair value of the goods unless this is impractical to measure reliably. in which case the value is derwed from the cost to the donor or the esb"maled resale value. Donated facilities and services are recognised in the SOURCE 4LIFE Notes to the Financial Statements (¢ontlnu•d) Year ended 1ST JUNE 2025 Accounting policies {conlinued) accounts when re￿ived if the value can be reliably measured. No amounts are included for the contribution of general volunteer5. Resources expended Expenditure is recognised on an awruals basis as a liability is incurred. Expenditure includes any VAT which cannot be ftjlly recovered, and is classified under headings of the $18tement of financial activities to which it relates.. expenditure on Taising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable acb'vities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expendrture includes all expenditure that is neither related to raising fvnds for the charity nor part of its expenditure on charitable aclivilies. All costs are allocated to expenditure categories reflecting the use of the Tesource. Direct costs attributable to 8 single activity are allocated directly to that activity. Shared ¢osts are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Charitable activlties Unrestricted Funds Restricted Total Funds Funds 2025 Income 00 00 12- SOURCE 4LIFE Notes to the Financial Statements (¢ontinuedJ Year ended l JUNE 2025 12. Expenditure on charitable activlties by activlty typo Charity Total funds 2025 Total fvnd Costs 2024 Direct charitable expenditure 00 00 00 00 00 00 13. Net Income Net income is staled after chargingllcrediling}'. 2025 2024 Depreciation of tangible fixed assets NIL 14. Staff costs The total staff costs and ernployee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Social security costs NIL NIL NIL NIL Administration functions are carried out by unpaid volunteers. No employee was employed during the period. -13- SOURCE 4 LIFE Notes to the Flnancial Statements (con*nu8d) Year ended 1ST JUNE 2025 15. Trustee rgmuneration and expenses During the year the Charity was under the control of Trustees and None of the trustees were remunerated OT paid any expenses SOURCE 4LIFE Notes to the Financial Statsments l¢t)ntinued) Year ended 1 JUNE 2025 22. Analysis of charitable funds Unfestricted funds Al 1 June 2024 At Gains and 1 June 2025 losses Income Expenditure General funds 100 00 00 100 23. Related parties During the year the Charity was under the control of Trustees None of the trustee members were remunerated or paid any expenses. -14-