Charlty reglstratlon number. 1163280 Company registration numbgr 09366208 (England and Wales) LIGHT FOR LIFE SEFTON LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
LIGHT FOR LIFE SEFTON LIMITED INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Legal and adrninistrdtNe infomiation Trustees. annual ret (incorporating the dIt0[S. rewrt) Independent examRierfs rewrt Statement of financial adtvit*s Balance sheet Statement of cashflows Notes to the financial statements 10-17
LIGHT FOR LIFE SEFTON LIMITED LEGAL AND ADMINSTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Registered charity name: Lh1 For Lite Sefton Limited Trustees: Mr Mo Kundi Mr Andrthv Winrtr•V Dr R4 Patel Mrs Sue Bocccck Mr N Cummins Ms F Shep Mr MKh* Al Chair Ms F Shepley K Mana ementPetsonèl Chlef Execulive Officer G Fenney Charity registration number. 1163280 Company number 093eA208 Principal Address & Registered 68 Eastbank Street offsce Soulhport MerstysKle PR8 1ES Independent Examiners J A Fell & thpany Chartered A¢¢ountsnts 40 HtyJhton Street &)h9ort PR9 OPQ Bankers: Lloyds TSB PIC 13 Hardshaw Street St Helens WA10 1QZ Page I
LIGHT FOR LIFE SEFTON LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Tiustees wesent their annual report and finanoal StatenlS for the yeaf ended 31 March 2025. The financsal statements have bean prepawl in a¢(xdan wth the a(xxxJnling poficaes sel out in nole 1 to tha financial slaternents and comply with the Charitabk Company's Memorandum and AdeS of A$sotyab"on, the Companies Act 20( and -Accounting and Reporting by Chares.. Statement of Recommended Practice appli¢3blè to charsbes preparing their aUnts in accordance with the Financial Reporting Slandard applicable in the UK and Reple of Irdand IFRS 102). leff8cli¥e 1 January 2019}. Objectives and ¢tivities Tha objects ol the chartty are thè rel and prevention of h(xnele55rw by working with landlotds in both Soryal Housing and Private Rented Sector lo prov7de appropriate and accessible acc1)rnall0n of a good standard, as well as training, ad and support. The Memorandum and Arbdes of Association were reviewed in the light of the organisalion's incorp)ration in December 2014. These were agreed at a full meeting of the Trustees and adopteil at the AGM in March 2015. The tharty ry)ntinues to efiab and emkxywer individuals and families as well as to develop its setvices in response to cli6nVs neeils. Th charity undertakes continuous monitoring and evaluation of its work and seeks to IDve its dients in this process. The central values of Light for Lrfe enshrine equality and diversty. The Tnjstees confim) Ihat they h8ve ferre(l to the guidan¢* tx)nlained hl the Charity Commission's general guidancè on public benefit when cOndering the organisation's aims and objectNes and in considersng futLtre actiwties and believe that they have complied wrfh the guidan as described below. Key delivery obiectives Light for Life provides a diverse range of seThices across the MerSeYde area: Housing Advice and Support- supporling peoF4e lo rema in their èxisting home whère appropriate, fLded by Sefion MBC Housing Rough Sleeper Servi¢e5- providin9 outreath servioes in the communsty to support rough sleepers and Working wth a range of partners tt) aocess tempotary accoMmL¥jI0n, funded by Sefton MBC Housing. Intensive Support Servi¢e¥- funijed by Sefft>n MBC Housing. Hèalth Sèrvie•s- funded by the Nation Lcrtlery. Sefton MBC Housing and Smaller s¢ale don81i¢)ns. Acheivements and performance The year 2024-2S has been a devdopmenlal one wth an emphasis on strengthening ou¥ core se¥vicès aThJ developing new strands of work to support them and Jnosl imrtanty the pBople for whom thèy are designed. Our Impact Statement draws our attenborE lo the data frorn sorne of that work. OUT cor& work indudes the HUB (forrwty known as Hn9 Centrè). Funded by Sefton Council, the HUB provides a range of ad seTricÈs around ectiOnS, prr)perty disrepair. landlord dispLrtes, benefit entrtlemenl and is a safe spae£ for presentations for people experrenuro homelessness, rough sleeping. dtsmesb"¢ abuse and ment81 heatth erisis. OLJr team at the HUB indudes a Complex Case workei who tskes on intensrve work with people presenting with additional and o)mplex needs to progress their cases. A major part of the HU8's work includes applicats.ons for s181 housing. Desprte the oveA)elmIn9lY long waits'ng lists for properties. an appIallOn and appropriate banding is a pathway which has to expbred for mosl people. Page 2
LIGHT FOR LIFE SEFTON LIMITED
TRUSTEES. ANNUAL REPORT (continuedl
FOR THE YEAR ENDED 31 MARCH 2025
Acheivements andperfonnance (continued)
The HUB plays host lo Probab"on Officers arKI WOn9 to address some of the issues rdating to housing and
accomrnodation and Health IndusK)n whid) wtll be covered later in the report. Welfare Rights attend the HUB
along with our SO1llor link wrth James Murray- a longstanding arrangemem whic continw to provide a great
legal pattiway for irKliwduals with issues arnd I10rdseancY rights.
A new devdopment introduced towards the end of the year are the HUB surgeries located at 8 range of locations
induding Change Grow Live (Southport and Boode), DWP and Strand by Me. The surgeties have provèn tts be
well used arid we wll bÈ looking to extend the semce wing forward to meet the demand for support. We have
also introduced Infomation Stions- for meM[S ol the public to find oul more about homelessness services in
Sefton and how to refer in for someone they are concemed about, or thern5dves. We have promdèd a range of
presentations al djurches, groups, Health and Social Care Forum. Merseysth Police ar vaftous other 8gèneies
auoss the which havè been wdl received.
Work with rough Sleepers has incteased and we approached the Council for addibonal funding during the year to
support a second 0[each worker. The Counryl has prOded finance for one outreach wcef since 2015 when
rough sleeping in Sefton was very indee(l. Since then. nLEmbws have increased but the support in the
comrnunity for them remained the samè. We inlend to pursue more suStainae fijnding for outrèach work going
forward given the increase in numbers. risk and complexty of some of the people th whom they engage.
The Complex Lives MDT introduced by Mersey Care ICT has (xjntinued to orMate across the Borough wrth the
Noth Sefton panel starbng during this finanaal year_ We have ft>und that there is a significant amount ot
duplirxtion with other meeting formats already in estenCe and will be TrAorking with Mersey Care lo look at how
this group cAn thrive and make a difference. The MARAM and Strategy meeting Pfocesses In Sefton are robust
and wot well and in a timely way to address the needs of wr most complex individuals.
Our Intensive SuFPOrt {nalT Na94101$ in ojr SMBC contracl) have been re-n8mgd to refièct thè different
aaS of work wht¢h Ihey cover. We are reqLtifed to support 20 indivxluals at any tirne. Housing work is mel
by an Ctsmplex Case Wortef and a link W0er to Piobafion which was nè9Otiated towards the end of the financial
year. Together there is an expectation that they will have 10 cases open at a titne. A further 10 ¢ases are open to
the Health Inclusion Team who provide intenswe healthcare Crkordination arKI support for some ol our more
comtyex indtviduals liwing in commissioned accommcJab"on Tfu"s work includes ac5 to Counselling
serwces for trauma.
The Health Inclusion servi is also funded by the Lottery aThJ wè are ()jent negotiating a Wential contract
with the ICB, Cheshire and IAerseyside. Thè team provide hospital irFreath, ènsuring that patients presenb.ng as
NFA are appropriately referred to Housing Opt¢ons Serwces and that ght for Lrfe advocates on their behalf for
Ihe most appropriate outcorne, gtven the informati
LIGHT FOR LIFE SEFTON LIMITED TRUSTEES. ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 Acheivements andperfornwice (continu8rfJ Light for Life was a runnèr up in thè M)rthèm Housirg Award$ during the year and mernbers of the Health Inclusion Team attended an event at Old Trafford in Mandiester Jongside the Housing Options Team from Sefton Counal who had also been nominated for an award. We were accompanied by our Chair of Trustees and colleagues from Southport Hosytal's Accidents and EtrwJw Depatrnent and HALT. Our Trustees welcomed FelicAty Shepley and Neil Cummins to the Board during the year bolh briroing significant experience lo the Directors table. Attathed is the Impact stalemeni for the year 202425 ghllghtlr some of the data from our services al Light for Lrfe. Finanelal Rèvièw The Suts for the year and the state of the d)anWs affairs as at 31 Mah 2025 a set out in the finan¢yal statements on pages 6 to 16. Our incomè lor thè year amountèd to £5o4,7401224." £393.522} wilh exFenditure of £422,05212024'. £421,285), leawng a net income of £82,688 I224". nel defi¢it of £27.7631. At 31 March 2025 our total fiJnds stood al £213,405 (2024- £130.7171. The charity is dependent upon several Ltnpaid wlunteers and the Trustees who seTve on the management ¢ommitteÈ and assist with publi¢ity and funding. The charity is extremely grateful for all they have done. The Iruslees have examined the chatiws requirements for res in the light of the main risks to the organisation. 11 is the policy of the charty to maintain funds at a level which equates to three months, operational Èxpenditure, and the trustees consider that this now amunts to aPF0X1MateIY £110.0(M). Thè trustees eonsKler that a level of three months is suffiaent to meet its expected (x)mmitments tK)th wttl) regar(1 to its pemianent staff and to its charitable expenditure. The levd of unrèsth.ded fijnds at 31st Mard) 2025 was £188,169 , which is more than the stsled policy. This policy is reeWed on an annL1 basis. The trustees have assessed the major risks to whith the Chantsble Company is exposed. and are satisfied thai systems 8re in place to mrtigale exposure lo Ihe Mai risks. Structur9 governance and management The Charitablè Company is a company limited ty guarantee govemed by its AdeS of Association dated 23rd Dècambèr 2014. It is a regislefed charity wth the Charty C<)mmissKtrn. Membership is open to any person or organisation although the charitys tnjstees can TeasonatAy rèfuse a request for rrthibership which they do not consider to be in thè interests of the charity. The trustee5, WIK> a also the directors tr the purpyjse of company law. artd vlK) sew¥ed dudng the year We.. Mi Mo Kundi M¥ Andrew Winrv Dr Raj Patd Mrs Sue BoocrKk Mr N Cummins Ms F Shepley Rev Or Thomas Carr*nter Mr John Fell Apwnted 6 September 2024 ApFx>inted 14 January 2025. Resigned 7 July 2025 Resignèd 14 May 2025 Page 4
LIGHT FOR LIFE SEFTON LIMITED TRUSTEES. ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 As sel ¢yJt in the companws Arbdes of Assocxation, trustees must be indiwduals who are over 16 years of age. New trustees are appointed by ordinary rèsolubon lollowng rectmnmendab.on fr(Yn the existing trustees. When considering the appointment of trustees, Ihe existing INstees havè regard to Ihè sknll$ anil gxperience required to effectively manage the tharity. None ol the trustees has any benefiaal interest in Ihe company. Al of thè trustèès are mÈmbÈrs of thè Company anLI guaT8nlee to contribute £1 in the event of a winding up. Details of the mpan*S organisational struclure is detail&J on the kgal and administrative inforrnation page at the front of these acCjnIs. The trustees delegate the day to day management of the charity to the Chief Exeojti¥ officer. The charity's v40rk is divided into three n1n areas.. adutt housing athceloptions supwrt,. young people's education; and justice. Each area is overseen by the managerial staff who report to the CEO. The charity has a full range ol poliues and proceduresto ensure that work is conducled as agreed with the twstees. When a trustee is appointed 3 lull inducbon process is carried out to ènsure thèy arè aware of thar responsibilities and undersiaThJ the work of the charity. The charity is a rrEmber of the National Counul of Voluntsry Organisab'ons INCVOI and uses their publicalion The Gcod Trustees Guhle. to infomi this prss. Koy pèrsix)nd r8mun8ration The triJslÉes considèr the tx)ard of trustees and the chath& management tèam to bè the key management personnel of the tharity. responsible for dire¢ting and controlling the tharity. No remuneralion or expenses was paid lo the trustees in the year. Remuneration of the CEO and the management team is determined by comparison with similar roks in the UK it is reviewed annualty and normalty increased in accordance with the growth in average earnings. Statement of Trustees. responslbilltles The Trustees, who are also the directofs of Light for Life SefttM Lllnited for the purpose )MpanY law. arg responsible for preparing the Trustees, Report and the financial ststements in accordance with aWicable law and Un(Led Kingdoffl AccountiTWJ Standards (uni lQ"ngdom Generally Aoxpted Ac(xJunts"ng PraCts.l. Company Law requires the trustees to prepare finanaaj statewenls for each financial yeat whh give a true and fair wew of the state of affairs of the Charitable Company and of ihe inming resour<xs and application of resources. including the income and expenditure. of the thantsble ¢(xnpany for that year. In preparin9 thesè finanL?al statemants. the Truste8s are required to.. select suitable accounting poliues and then apply them c£Jnsi5tentty; obsenrt the methods and prinuples in the Charit$ SORP.. rnake judgernents arml estimates that are reaSonae and pwdent.. prepare thè finanoal sLitements on the wng corttrn basi8 n$S rt És inappropriatè to prèsume that the Charity w1 continue in operation. The trustees a reSponsie fu keeping adequate accounting recorts that disdose with reasonable a¢¢ura¢y al any lime the financial posrtÉon of the Charitable Company and ene them lo ensure that the financial stsletnents comply with the Companies Act 20C6. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable slep5 for Ihe prevenb.on and detaditin ol fraud and othèr irregulariknes. The Trust, rewtwas approved by the Board of Trustees on 19 November 2025. Ms Fdicity Shepley Tvuslee Page 5
LIGHT FOR LIFE SEFTON LIMITED INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF LIGHT FOR LIFE SEFTON LIMITED FOR THE YEAR ENDED 31 MARCH 2025 I report to the trustees on my examinabon of the finaw81 statsments of LwJhl For Life Sefton Limited Ilhe charity'l fortha year ended 31 March 2025 which are sel out on page$ 9 to 19. R•sponsibilities and basi5 of rnport As tho trustees of the company land also Tts directofs for the purposes of (x>mpany law} you are responsible for the pparation of the financial statements in a(xx)tdance wrth the reqU1MentS of the Companies Act 2006 Cthe 20C6 A¢t'). Hwng satisfied mysell that Ihe financial statements of the oNnp3ny are not required to be audrted under Part 16 of thè Act and are eligible for independenl examinab"on. I report in Tespect of my examination of the charity's financial ststements as carried out under section 145 of the Charitiès Act 2011 (the 2011 ACY). In carrying out my Èxamination I have flOwed the Directions given by the Charity Commission under seclion 14515}Ib} of the 2011 Act. Indgpendent examinetrs ststement Since the charty's gross income ex¢eede(1 £2>,( your examiner must be a nmber of 3 body listed in section 145 of the 2011 Act I confimi that l am qualified to undertake the examination because l am a qualified member of The Institute of Chartered Accountants in EngLand and Wales. which is one of the listed bodies. I have completed my examination. I confim) th no matters have come to my alterttion in a)nneclion with the examination gimng me cause to believe thaL in any material respecl.. acoounlng records were not kept respo1# of thè chartty as required ty tICA) 386 of the 20[ Act.. or the financial statements do not ac&x)ril wilh those records,. or the finaw81 statements do not compty with the ac(x)unting requirements of section of the 20( Act other than any requirement that Ihe a(wunts 9i%E a 'trt and fairf view whi¢h is Th)13 matter con$ioJered as part ol an independent examination," or the finanryal statements have not been prepared in acrAxdance wih tho metFK#Js and princie8 of the Statemènt ol Récommended Practice for aceounting and reporting by tharitiès 8ppIicAble to charibès preparing their accounts in a¢xordance with the Financial Rewting Standard applicable in the UK and RepU]e of Ireland {FRS 1021. I have no cxjncems and have ccrfne auoss no other matters in connection with the examination to wch attention should be drawn in this T ino lo enable a prw underslanding of the accounts lo be reached. O J Grills FCA Ilnde for and on b8hall ol J A examinerl 40 Hoghton Str•eL southpoti PR9 OPQ Dated: 20 November 2025 Page 6
LIGHT FOR LIFE SEFTON LIMITED STATEMENT OF FINANCIAL ACTIVITIES (Including Income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2025 Vnrestrl¢tod R•stri¢tsd Funds Funds 2025 2025 Tolal Fund5 2025 Uryrestii¢tod Rostrictsd Funds FuTrds 2024 2024 Totsl Funds 2024 Incomo from.. Donations and legac$ Charrtable ac*"vities Investment inojme Total ineom• 21,992 79,229 21.992 482.748 9.935 68.598 27 78.560 9.935 383.560 27 393,522 403.519 314.962 101.221 403.519 504.740 314,962 ndituro on: Raising fund$ 3,571 3.571 Charitabk achv Relief of homelessness and assouated acttvities 373.688 417.618 417.714 417.714 Total expendre 373.688 422.052 3,571 417.714 421.285 Ngt incorng11oxpgnditur•l for the year 51857 2031 81688 74.989 102,752 127,783) Gros5 transfers b8Wn funds 14.5951 1gx).rA)21
.(K12 Net movom8Trt in funds 57,452 25.236 81688 1S.013 12.750 27.7631 Total fund5 brought forward 130,717 130.717 145,730 12.750 158.480 Totsl fund8 carried forward 188,169 25.236 213A05 130.717 130.71Y The statet0f FinancAal Ath%b8s inthd25 gaIr and Irffjee8 th8 y88r. AJI income and ewditurè dèrNe from conlinuiffj aLvthS. The Ststement of Finanoal Acbvknes aLso o)mpiw Ihe requiremts for an Inme and EndIture 8ea)unt under Ihe Compan$ Aci 201K. Tha rK)ts5 on pages 10. 17 pwt ofthe8e finarKx* 518twnrts. Page 7
LIGHT FOR LIFE SEFTON LIMITED BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Fixad assets 14 3.447 Current assets Debtors Cash at bank and in hand 11 11,370 204.225 215.595 10,049 124,043 134092 Crodllors: amounts falllng du• wlthin on• year 12 5.336 3.268 Net current assets 210.259 130,824 Provlslons for Ilabilitles efined benefit pension liabilty 13 301 107 Net assets 213.405 130,717 Re¥¢rves Restricted funds Un¥estricted funds Total funds 15 25.236 188.169 213,405 130,717 130,717 For the year ending 31 March 2025 Ihe tharty was entitle(I to exemption from audit under SlI0n 477 of the Companies Act 2006 latIftg lo small )MpanieS. The members have not required the company to obtain an audit of its financial statèmènts for the year in question in accordance with section 476.. The difectors acknowledge their responsibilitie5 for complw'ng wrth the requifements of the Acl with spect to acUntIng records and the pparation of financial ststemertts. These financial ststements have ppare(l in ax(Kdanc* with the O¥Is1OnS applicable to C4)mpanie5 subject to the srnall companies. regime. These financial staternents approved by the board of trustees and authorised for I$$ on 19 Novembèr 2025. 8nd are signed on behalf of the board by.. Ms Felicity Shepley Trustee Company registration nUmr 093662081England and Ivalesl Page 8
LIGHT FOR LIFE SEFfoN LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Note Cash flov*S from operating activities Cash absorbed by operations 17 139,4921 Investing Activities Purchase of fixed assets Interest red (4.9351 27 Net cash ab$orbod by Invesllng actlvities (4.595) 27 Net cash used in financing activities Ngt decrease In cash and equivalents 80.182 (39,465} Cash and eash equivalents at beginning of year 124.043 163,508 Cash and cash equivalents at end of year 204,225 124.043 Page 9
LIGHT FOR LIFE SEFTON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 countlng Pollclès Charity infomiation Light for Lrfe Sefton Limited a private c[npanY Mile(l by guarantee inc•d in Enland and Wales. The registered Offi is 68 Eastbank Street. Southp(xl. Merseyside, PR8 1ES. 1.2 Accounting COfNention The finanoal slatements have teen Prepa1 in rdancE with the Charitsble c9mpan& tgoveining dctumenll. the Compan$ Aci 2C(6. FRS 102 The FinaThial ReportiryJ Standard applicable in the UK and Republic of Irdand. fFRS 102) and the Charities SORP -Acownting 8fKI Rewjrting by Charities: Statement of Rewmmended Practice apFdICab to thgrrties preparing their acnwnts in aranc£ with the Financ5al Reporting Stsndard aWtstAe in tr UK aThJ RepuNic of Irdatvj IFRS 1021" (effective 1 January 20191. The Charitse Company is a Public efft Entity as defineil by FRS 102. The finanaal statements are prep3red in steth)g. whid) is the fiJr#knl currercy of the charitable company. Monetary amounts these fincIal statements are round1 to the rE8rest £. The finan(ial statements have en K¥epared uThJer the historical cost convention. The prirvp31 attfwntiro pc4iaes athpted are set out belcw. Going eoneem At the tiwE of approving the fmancAal statements. Ihe trustees have a reasonable expectation that the charitab Company has adequate resour lo continue in opetional e$tenCe for the foreseeable fvltjre. Thus the trustees (xintinue to adLVt the 9L¥ng concem b"S ol accoLsnÈiro in preparing the finan¢i81 1.4 Charitable funds Unrestricted funds are avaiLable for Lsse at the disc¥etion of trustees in furtheran d their chaiilable obj'ectives. Reslricted funds are sutiect to SFeifK condthns by donors as to hcw they may te used. The purposes and uses of the restrict&Y furKls are set wt irh the notes lo the finanaal statements. Incoming rÈsaureès Income is recognised when the Chanty entiued to it after any Ferfompnce conditiM$ havè Wn rnet. the amounts can tse Measu rtty. and it is [trAe that incx)me will receNed. Cash donatKJns are rwJ0gned on receipt. Other donattons are reo>Jnised once the charity has nolified of the donation, unkns perfomTrnce condthns require deferral of the amount. Ino)me tax recoverable in rat to donations received de[ Grft AKI or deeds of covenant is recronisl at thè time of the dcall)n. Legacie8 are reuwised rec&pt or olhenTh rf the carity has twi notffjth of an impending distn'bth'on, the amount lls krth¥n, and re¢zipt is experted. If the anKJunl is r*)t knc>wn. the legaw Is treated 88 8 (x)nb"ng8nt asseL Government grnnts Government grants are renised 8t the fair vabje of asset Ned of recwauè Wh there is ièasonable assuran that the gt conditaS wlll be mst and thè granls will be received. A grant Ihat specifies perfOanCe ¢dItior6 rec(wised in income when the performance ct41dib.ons are met. Where a grant Mt Safy perfor CLJndTlions it is rewnised in income when the proceeds are re(tNed or reCVae. A gr8rrt recewed telore the reo)gnitifffi teria 8re satisfied is nised as a Ikabilty. Page 10
LIGHT FOR LIFE SEFTON LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025 A¢countlng Poll¢l¢s (¢onb'nued) Resour3 expended Expenditure is renised once there is a legal or constru¢kn obllgab.on to transfer economic benefit to Ihird party, it is probable that a transfer of 8¢onomic inefits will be requifed in settlement, and the amount of the obligation Can be measured reliabty. Expenditure is dassified by admty. Tr costs of each acbwty a made up of the total of direct o)sts and shared costs. induding Sltpport costs involved in undertaking each acttwty. Direct ¢osts attributable to a single a¢ttwty are allwteil diredy lo thal activity. Shared o)sts which cgntribjte to more than one activty and support costs whith are 1 attributable lo a single actmty are apportioned beiweeri those activities on a basis consistent with the use of resources. Central staff costs are all¢xated on thè basts of lime spent, and depreciation carges are allocated on the porbon of the assefs use. All expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all costs related to Ihe category. Where costs cannot be diredy attributed to paCular headings they have b&n allocated to aCtiVeS on a basis consistent with use of the reswrces. Premises and other ov8rheads have b88n allocated accOrng lo the of actimty undèrtaken throughout the year. Fund-raising costs are those incaJThed in seeking Vuntary conlfityjtions and do rKt irKlude the costs of dissèminating inf<m)ali<)n in supp(t of thè charrtable ad¥.$. SuptN)rt costs a those ty)sls in¢urred Oire¢tly in support of ex[nd[tu on the obJts of the chaiity and indude project maftagement carried out at head office. Govemance ¢3)sts are those incurred in ujnnection with administration of the charity and compliance with ¢>Jnstiiutw)rtal and statutory requirements. TangiblÈ fixèd assèts Indivsdual assets acquired at a o)st of more than £10CKI are capitalised. A55els acquired al a cost of less than £10CKI are charged as an expense in the period in which they are acquired. Tangible frxed assets are initially measured at ttjst 2nd subsequentty measured 81 wst or valuation, net of depreciation and any np3imÈnt losses. Depreriation is r6wJntS8(I so as to lIe r)ff the (l or waluation of assets less thèii fftsidual values over their useful Ikves on the fdlow1 bases". Motor vehicles 25% straight lane gain or loss artsing on disposal of an asset is delem)ined as the differen beeen the sale proceeds and the carrying value of the asset. and is recognised in the ststemenl of financial actithties. Retirement benefits Payments to defined contsibution retirement benefft srtW7es are charged as an expense as they fall due. The charity also paTtiapates in a muttFemployer defined benefft stheme in the UK. tt 1$ not possible for the charity to obtain suffioerf infomtion to enable it to account for the scheme as a defined benefrt scheme. therefore it accounls for Ihe scheme as a defined Cwtribuii sc*eme. The scheme is classified 85 8 'last man standing arrangèmenf. Thèrefore the charity is potentially liable for other parti(apating employers, obligab'ons rf fv89 empkjyers are LtnabEe lo meet their shale of the scheme deficit following wrtbdrawal from the scheme. Pathpating eM0yerS are legal required to meet Ifwr share of the s¢hew deficf( cm an annuity purthase basis on withdrawal Irom the scherne. Page 11
LIGHT FOR LIFE SEFTON LIMITED NOTES TO THE FINANCIAL STATEldlENTS (contlnuedl FOR THE YEAR ENDED 31 MARCH 2025 Accounting Poll¢les (¢ofttinuedJ A ftjll 8ctU8rial v8luation ofthe $Che was carried out at 3th Septemtrer 2023. Thr6 valuation sho assèts 01 £514.9rn. liabilitS of £531m and a defiat of £16.1m. To diminate th¢5 ftJndirrtJ 5hortf811 the Trust88 ha5 asked rcipatIng 8mploy8r5 to pay addit¥)nal contributions to the s(kne. The charity r8wnisès the Iiabilty for this oblvJation. The amourrt reccxJnised ks Ihe net wesent value of the defirit TgYuctK)n contnbutions payabb under the 8gTeement that rektes to the def. Donatlons l8gaclg8 UnrpstrKttd Restrlcted Funds Funds 2025 2026 Total Unrestrietsd Rostrictsd Funds Fund¥ Funds 2025 2024 2024 Total Funds 2024 Don"ons and gifts 21.992 21.992 9.935 9,935 Charitablo aettvltles 2025 2024 Reliet of hom•1ene9S Ser prowd8d 1r contract Charitsble rental income 468.228 14,520 364,982 18,598 482.748 Anatysls by fund Unrestricted fund5 Restricted fvnds 79.229 403.519 482,748 e8,$98 314,962 383,560 Inve#trn8rtts utrIcted Unrestricted Funds Funds 2026 2024 Intsrest T8ceiwdb 27 Rahslng funds Unmtrkteil Unr88trictsd funds funds 202S 2024 Fundrablng and publicity Fundraising 8ypenses FundsIng staff costs 1,015 3.419 4.434 3.571 3.571 Page 12
LIGHT FOR LIFE SEFTON LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025 Charftsble a¢tivib¢s Total 2025 Totsl 2024 Relief of homelessness Staff ¢osls Travelling and subsistence Equipment and repairs Benefi(xary activÈlies Rent and uts'liti'es Insuianco 313,805 7,254 302,030 5.147 4.001 21,551 23.725 1.173 357,627 14.314 1.276 346.728 Share of support costs {see note 8) 70.890 60,087 417,618 417,714 Analjsis by fund Unrestricted funds Restricted funds 43.930 373.688 417.618 417,714 417,714 Description of charitable athi15 Relief ol homdessness and associated activtties The Charity urKlertakes ils charttable adivtbes Ufig its funds to lde temFM)rary accommodation for homelss peorAe. as well as offering advice aThJ support. Support and govemance costs T¢)tsl 2025 Total 2024 Support costs Support staff costs General insurance Subscriptions and sundries Bank charges and interest Post, stsb"onary and pnnting Telephone Professional fees Depreatn Computer equipment 36,247 10.739 4.707 35,596 5.813 2.893 125 758 5.217 1,255 1.391 6,556 2,613 1.148 4.483 67.920 5.550 57207 Accounting and Independt examinali 2.970 2,880 located lo CharitslAe al#1"1$ Isae note 6) 70.890 60,087 Page 13
LIGHT FOR LIFE SEFTON LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 Trustees None of the trustees lor any persons connected with them) received any renwneration or benefits from the Charitable Company during the year {2024- tY)nel. 10 Employees 2025 Number 2024 Number The average monthty number of ernployees during the year wwe.. Dir&# (*witable work Administrative staff Total 12 14 13 Employment Costs 202S 2024 Wages and salaries Social security c4Jsts Pension costs 325,486 20,264 8.736 354,486 311,734 20.513 8.950 341,197 The were no wnrAoyees wh(¥se annual remuneratÈon was nYNe Ihan £60,C#XI. 11 Debtors 2025 2024 Amtsunts f•lIlng within onè y•ar. Trade debtors PTepaymenls and accrued irwme 11,370 11,370 7,569 10,049 12 CY¢dltors: amounts falling due within one year 2025 2024 ruals 5,336 3,268 13 Retirement benefit s¢heme Dgfin¢d ¢ontribution seh•m8s The Charttable Company operates a defined £tribuon pension scheme for certain employees. The assets of the scheme are separalety from those of Ihe Charitable Company in an independentty administered fund. Page 14
LIGHT FOR LIFE SEFfoN LIMITED NOTES TO THE FINANCIAL STATEMENTS (conllnued) FOR THE YEAR ENDED 31 MARCH 2025 13 Rètir•m•nt benèfit schemes Icontinuad) Defined benerrt schemes The cornpany partiup8tes in a M-em[{er defiwl 8dvne is tn defiryt The liabilty recoJnis&l in the ufits is the net present value of the ¢A4igabon to pay (xxthbub"ons to stheme. The expense recognised in trE accounts ts (xrrent annua se (sts ofthe scheme. Arnounts re(xgnised in profft ar¥J k5 arJrt 2025 Nel interest on defined benefit lialilrty Other Costs and income Totsl ¢osts 10 303 10 The amounts indwjed in the balarte sheet ari&ng frcm the Charilth C7panIS otyigations in resFect of defird Lwefrt plans are as followsL 2025 2024 Present value of defined bÈnefit Okyb")$ 301 107 Total lialilty recogn4s )1 107 The liabilty Teccgnised in the tsalan Sheet 1$ the net present value of the defiut reduc'on cLsntributions payable. The (liscount rate used lo calajlate the lth.lty is 4.84 % (2024 5.31 %). 14 Fixed as8ets Vehicle Totsl Gost At 1 Aprfl 2024 Athjitions Disposals At 31 Marth 2025 4.595 4,595 4,S95 Depreclatlon At 1 April 2024 Charge for the year On disposals Al 31 Marth 2025 1.148 1,148 1,148 1.148 Net Ix>ok value At 31 March 2025 3A47 3,447 At 1 Ap¥sl 2024 P* 15
J ¢D 0004 ooofA) ooolr 000)00 000 000 O Ui¢4 ¢5) J c C 0> 4u ErxJ¢y)U- ? CSJ E>>ts) a 2 OUL)% 4¥ Ir[9>zl)u)u)r
LIGHT FOR LIFE SEFTON LIMITED NOTES TO TrIE FINANCIAL STATEMENTS {conlinued) FOR THE YEAR ENDED 31 MARCH 2025 AnatyJi8 of net assets between funds Unrestri¢ted Restrictsd Funds Funds 202S 2025 Totsl UnrB5tiict8d Restricted Fun¢b Fund Fund$ 2025 2024 2024 Total Funds 2024 Fund balan$ at 31 Decernbef 2025 are presented by". Fixed assets Curreni a$8etsliabilthS 3.447 184,722 188,169 3.447 25,236 2CY).958 25,236 213.405 130.717 130.717 130,717 130,717 17 Catsh genernted from operations 2025 2024 Net incomellenrfthreI for Ihe ye8r 82.688 (27,763) Adjustments for Investment irwme recognised in statemeftt of finalaE athitses Drfference bet%%Een pension charge and cash contribulions Depreuaton offix*l assets 127> 1121} 1.148 Movernents in worknng wital Ilncreaseydecrease in debtors Increaselldecreasel in CltOrS 11.3211 1,382 12021 84.777 26,731 Anatysl8 of changes In netfund8 The Charty ha¢ rKJ ¢)ebt duriro the year. Page 17
410 Family support 313 Social housing applications