Charity Registration No. 1165627
PURPOSE OF LIFE TRUSTEES'
REPORT AND FINANCIAL
STATEMENTS FOR THE YEAR ENDED
31 MARCH 2025
PURPOSE OF LIFE
LEGAL AND ADMINISTRATIVE INFORMATION
----- Start of picture text -----
Trustees M S Hussain
Dr M I Hussain
Y Seedat
Dr A Ahmed
K Ali
Q Abass
S Nazir
T A H Walele
Charity number 1165627
497 Bradford Road
Registered Office Batley
WF17 8LL
Lloyds Bank Plc
Bankers 75 Commercial Street Batley
WF17 5EQ
----- End of picture text -----
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 2025
The Trustees present their report and accounts for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "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 (FRS 102)" (effective 1 January 2019).
Structure governance and management
The Trust Fund is governed by a Trust Deed and is registered charity number 1165627.
The Trustees who served during the year were:
M S Hussain Dr M I Hussain Yahya Seedat Dr A Ahmed K Ali Q Abass S Nazir T A H Walele
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
-
To advance education for the public benefit, in particular for children and young people in the UK or overseas
-
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
During the year the charity received donations of £2,583,322 (£2,580,403) and total resources expended of £2,079,820 (2024: £2,443,424), net incoming resources for the year amounted to £503,502.
The trustees expect the Trust to continue to run in a similar way going forward, subject to the level of donation income received.
The trustees are satisfied with the financial results of the charity for the year.
1
PURPOSE OF LIFE
TRUSTEES'REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial review
A summary of the Charity's transactions and of its financial position is shown in the financial statements together with the accompanying notes. At the year end, the charity's unrestricted reserves amounted to £750,035 and restricted reserves amounted to £Nil.
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.
Risk management
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Risk assessments are carried out in order to ascertain the likelihood of a risk event occurring, of its potential impact, and whether any cost effective mitigating action may be taken. Potential risks have been identified and are reviewed on a regular basis.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year.
Going Concern
The Trustees believe the charity has no going concern issues and will continue to evaluate the situation on an ongoing basis.
Independent Examiner
A resolution proposing that Arif Ahmad FCA be reappointed as Independent Examiner of the company will be put to the members.
On behalf of the board of Trustees
M S Hussain
Trustee Dated: 12 January 2026
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 statement
I report on the accounts of the company for the year ended 31 March 2025, 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 year 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 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
Date: 12 January 2026
Address:
9A Old Hall Road Batley West Yorkshire WF17 0AX
5
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| 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 2024 Fund balances at 31 March 2025 |
Unrestricted funds Restricted funds Total 2025 Total 2024 £ £ £ £ 2,583,322 - 2,583,322 2,580,403 |
|---|---|
| 2,583,322 - 2,583,322 2,580,403 |
|
| 1,871,838 - 1,871,838 2,199,082 |
|
| 207,982 - 207,982 244,342 |
|
| 2,079,820 - 2,079,820 2,443,424 |
|
| 503,502 - 503,502 136,979 246,533 - 246,533 109,554 |
|
| 750,035 - 750,035 246,533 |
6
BALANCE SHEET
AS AT 31 MARCH 2025
| Note Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Income funds Restricted funds Unrestricted funds 6 |
2025 £ 750,035 750,035 |
£ 750,035 750,035 - 750,035 750,035 |
2024 £ 246,533 246,533 |
£ 246,533 |
||
|---|---|---|---|---|---|---|
| 246,533 | ||||||
| - 246,533 246,533 |
The accounts were approved by the Trustees on 12 January 2026
M S Hussain Trustee
7
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
1.1 Basis of preparation
The accounts have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with the trust's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 (FRS 102)" (effective 1 January 2019). The trust is a Public Benefit Entity as defined by FRS 102.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted 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
Income
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
8
PURPOSE OF LIFE
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
2. Incoming resources from charitable activities
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Donations and Gift Aid received | 2,583,322 | - | 2,583,322 | 2,580,403 |
3. Total resources expended
| Charitable activities Cost of charitable activities Activities undertaken directly Governance costs |
Staff costs £ Depreciation £ Other costs £ Total 2025 £ Total 2024 £ - - 1,871,838 1,871,838 2,199,082 - - 207,982 207,982 244,342 |
|---|---|
| - - 2,079,820 2,079,820 2,443,424 |
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 |
2025 Number 60 - 2025 £ - |
2024 Number 60 - |
|---|---|---|
| 2024 £ - |
9
PURPOSE OF LIFE
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6. Analysis of net assets between funds
| Fund balances at 31 March 2025 are represented by Current assets |
Unrestricted funds £ Restricted funds £ 750,035 - 750,035 - |
Total £ 750,035 750,035 |
|---|---|---|
The restricted funds are held for specific purposes as specified by the donor.
10