2022-03-31-accounts

Charity Registration No. 1165627

PURPOSE OF LIFE

TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

PURPOSE OF LIFE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	M S Hussain
	Dr M I Hussain
	Y Seedat
	Dr A Ahmed
	K Ali
	Q Abass
Charity number	1165627
Independent Examiner	A Ahmad FCA
Registered Office	497 Bradford Road
	Batley
	WF17 8LL
Bankers	Lloyds Bank Plc
	75 Commercial Street
	Batley
	WF17 5EQ

PURPOSE OF LIFE

CONTENTS

	Page
Trustees’ report	1-2
Statement of Trustees' responsibilities	3
Independent examiner’s report	4-5
Statement of financial activities	6
Balance sheet	7
Notes to the accounts	8-10

PURPOSE OF LIFE

TRUSTEES'REPORT

FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their report and accounts for the year ended 31 March 2022.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Purpose of Life’s Memorandum and Articles of Association and the Statement of Recommended Practice, "Accounting and Reporting by Charities" (SORP).

Structure governance and management

The Purpose of Life is governed by a memorandum and articles of association.

The Trustees who served during the year were:

M S Hussain Dr M I Hussain Yahya Seedat Dr A Ahmed K Ali Q Abass

The Trustees have assessed the major risks to which the Purpose of Life is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

Objectives and activities

The Purpose of Life's objects are to advance in life and help young people of all races and backgrounds whilst being particularly sensitive to the needs of ethnic minority communities, through:

(a) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals"

(b) the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life

(c) advancing education

(d) supporting causes that directly help, nurture or develop young people

1. To advance education for the public benefit, in particular for children and young people in the UK or overseas

2. The prevention or relief of poverty in the UK or overseas by providing grants, items, support and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty

Achievements and performance

The trustees are satisfied with the financial results of the charity for the year.

Financial review

It is the policy of the Purpose of Life that 100% of donations are used for charitable purposes which has been successfully maintained throughout the year and unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six-month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Purpose of Life's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

1

PURPOSE OF LIFE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Independent Examiner

A resolution proposing that Arif Ahmad FCA be reappointed as Independent Examiner of the charity will be put to the members.

On behalf of the board of Trustees

M S Hussain Trustee Dated: 12 January 2023

2

PURPOSE OF LIFE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees of Purpose of Life are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are required to prepare accounts for each financial period which give a true and fair view of the state of affairs of the Purpose of Life and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.

In preparing these accounts, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

-observe the methods and principles in the Charities SORP;

• make judgments and estimates that are reasonable and prudent; and

• prepare the accounts on the going concern basis unless it is inappropriate to presume that the Purpose of Life will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Purpose of Life. They are also responsible for safeguarding the assets of the Purpose of Life and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

3

PURPOSE OF LIFE

INDEPENDENT EXAMINER’S' REPORT

TO THE TRUSTEES OF PURPOSE OF LIFE

I report on the accounts of the charity for the year ended 31 March 2022, which are set out on pages 6 to 11.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

• examine the accounts under section 145 of the 2011 Act;

• to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

• to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

4

PURPOSE OF LIFE

INDEPENDENT EXAMINER’S' REPORT (CONTINUED)

TO THE TRUSTEES OF PURPOSE OF LIFE

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 386 of the Companies Act 2006; and

• to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Arif Ahmad FCA Address: 9A Old Hall Road Batley West Yorkshire WF17 0AX Date: 12 January 2023

5

PURPOSE OF LIFE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Notes Incoming resources from generated funds Incoming resources from charitable activities 2 Total incoming resources Resources expended Charitable activities 3 Cost of charitable activities Governance costs Total resources expended Net income/(expenditure) for the period/ Net movement in funds Fund balances at 1 April 2021 Fund balances at 31 March 2022	Unrestricted funds Restricted funds Total 2022 Total 2021 £ £ £ £ 99,238 893,142 992,380 626,333
	99,238 893,142 992,380 626,333
	99,877 821,584 921,461 547,309
	10,238 92,146 102,384 60,812
	110,115 913,730 1,023,845 608,121
	(10,877) (20,588) (31,465) 18,212 20,805 91,454 112,259 94,047
	9,928 70,866 80,794 112,259

6

PURPOSE OF LIFE

BALANCE SHEET

AS AT 31 MARCH 2022

Note Current assets Cash at bank and in hand Creditors: amounts falling Due within one year Net current assets Total assets less current liabilities Income funds Restricted funds Unrestricted funds 6		2022 £ 80,794			£ 80,794 80,794 70,866 9,928 80,794	2021 £ £ 112,259 112,259 - 112,259 112,259 91,454 20,805 112,259
		80,794 -				112,259

The accounts were approved by the Board on 12 January 2023

M S Hussain Trustee

7

PURPOSE OF LIFE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

1.1 Basis of preparation

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards. the Statement of Recommended Practice, "Accounting and Reporting by Charities", Issued in March 2016.

2 Incoming resources from charitable activities

	Unrestricted	Restricted	Total	Total
	funds	funds	2022	2021
	£	£	£	£
Donations and Gift Aid received	99,238	893,142	992,380	626,333

8

PURPOSE OF LIFE

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

3 Total resources expended

Charitable activities Cost of charitable activities Activities undertaken directly Governance costs	Staff costs £ Depreciation £ Other costs £ Total 2022 £ Total 2021 £ - - 921,461 921,461 547,309 - - 102,384 102,384 60,812
	- - 1,023,845 1,023,845 608,121

4 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year.

5 Employees

Number of employees

The average monthly number of volunteers and employees during the year was

Volunteers Employees Employment costs Wages and salaries		2022 Number 90 - 2022 £ -		2021 Number 75 - 2021 £ -

9

PURPOSE OF LIFE

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

6 Analysis of net assets between funds

Fund balances at 31 March 2022 are represented by Current assets	Unrestricted funds £ Restricted funds £ Total £ 9,928 70,866 80,794
	9,928 70,866 80,794

10