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|Ctt||
|---|---|
|onens|Page|
|Trustees'
Annual
Report||
|Auditor's
Report||
|Statement
of Financial Activities|13|
|Balance Sheet|16|
|Cash Flow Statement|17|
|Notes to the Financial Statements|18|
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|Trustees —Trustees are a
than five or more than 13.|ppointed
for a period ofthree years.
Th|ppointed
for a period ofthree years.
Th|e|number oftrustees
cannot be less|number oftrustees
cannot be less|
|---|---|---|---|---|---|
|Induction
and training of|new trustees —It isthe policy ofLifelites||to|provide appropriate
induction
and||
|training
for new trustees.|Every trustee
is encouraged
to contribute||effectively
to the governance
and|||
|fundraising
ofthe charity.||||||
|Committees —The trustees have the power todelegate functions to committees,
provided
that any such
committee
comprises
two or more persons
and that at least two of the members
are trustees.
hlon-||||||
|trustees
may be co-opted to these committees.
The trustees
have
appointed
a Charitable
Projects
Committee
to support
the charity's
day-to-day
activities
and to provide
policy recommendations
to the
Trustees and a Fundraising
and PR Committee
to assist with fundraising.||||||
|The Charitable
Projects Committee||is also advised
by aTechnical Advisory
Panel ofexpert volunteers||||
|which
continually
reassesses
the technology
provision
for children
cared for in hospices
and similar
environments
to ensure benefits forthe users and value for money for the chadity.||||||
|Risk management
—The|trustees
periodically
review the operational,|||financial,
regulatory,
legal and||
|strategic risks affecting
Lifelites and||risk management
procedures.|Appropriate
measures
to mitigate|||
|the effects of identified
risks are in place and remain
under review.||||||
|The principal
risks identified
and agreed actions to mitigate are shown||||in|the following table.|
|Potential
risk||Potential impact|||Mitigation|
|A major international
issue|shuts|We are unable to continue
with our|||Business continuity
plan in place.|
|down the country||work for children's
hospice services.|||Agree contingencies
in case cf|
|||One or more fundraising
source|||partial or complete shutdown.|
|||becomes restricted to us or is|||Maintain
and develop a mixed and|
|||diverted to crisis causes|||flexible fundraising
portfolio,|
|SigniTicant unexpected
financial
loss||Reputational
damage,
loss of|||Business continuity
plan in place,|
|||confidence with key stakeholders|||Strong financial procedures,|
|||and impact upon continuing|||particularly
budgetary
planning
and|
|||financial
sustainability|||control,
Oversight
from the|
||||||trustees.|
|Significant
long-term
loss in|the|Impacts financial
sustainabllity
and|||Business continuity
plan
in place.|
|value ofthe investment
portfoga||reputational
damage
with donors|||Appointment
ofAsset Risk|
||||||Consultants
as expert investment|
||||||advisors,
providing
monthly|
||||||performance
reporting
and analysis.|
||||||Oversight from the Treasurer
and|
||||||the Board.|
|Loss ofdonation ofoffice or office||Operations
compromised|||The MCF have committed to|
|accommodation
unavailable|||||maintain
the donation ofour office|
||||||facilities.|
||||||Business continuity
plan and remote|
||||||working procedures
developed.
All|
||||||records kept electronicall
.|
|||Page 4 of29||||
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|Fraud|||||||Financial|Financial|loss, reputational|loss, reputational|loss, reputational|loss, reputational|loss, reputational|damage,|Fraud prevention
integral to staff||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||adverse||impact upon|||staff|||induction.
Auditable
procedures||
||||||||||||||||are in place for our mail to ensure||
||||||||||||||||secure handlin
ofdonations.||
|Loss ofdonated||IT|services|or|cyber||All key operations||||are|compromised|||Negotiated
with MCF and United||
|attack|||||||||||||||Grand Lodge ofEngland
(UGLE) to||
||||||||||||||||maintain
the donation
ofour IT||
||||||||||||||||services.||
||||||||||||||||UGLE and IT network
providers
have||
||||||||||||||||strong security procedures
in place||
||||||||||||||||covering access, protection,
backups||
||||||||||||||||and disaster recovery facilities.||
|Data protection||breach|||||Reputational|||damage||and significant|||Data protection
policies, ITsecurity||
||||||||financial||penalties||||||and HR policies are in place.||
|Lack ofcompliance|||with||||Breach|of legal obligations,|||||||HR procedures
and staff handbook.||
|employment|legislation||||||potential||financial||penalties,||||Induction
processes for new staff.||
||||||||breakdown|||ofstaff|morale|||and|Ongoing management
training
and||
||||||||adverse||impact upon|||service|||personal development
reviews||
||||||||provision||||||||||
|Undue
reliance||on|key persons||||Operational|||breakdown,|||adverse||Business continuity
plan in place.||
||||||||impact|upon||staff morale,|||poor||Database and other processes||
||||||||service|to beneficiaries|||||||created for consistent
record||
||||||||||||||||keeping.
Regular Charitable||
||||||||||||||||Projects Committee
meetings||
||||||||||||||||ensure adherence to policies.||
||||||||||||||||Support for Lifelites chief executive||
||||||||||||||||if required
is available
on a pro||
||||||||||||||||bono basis via the MCF.||
|Internet safety||via|our equipment|||is|Reputational|||risk|||||internet safety falls under the||
|called into question|||||||||||||||hospices'
own duty ofcare.||
||||||||||||||||Hospices sign our internet safety||
||||||||||||||||declaration
when new equipment|is|
||||||||||||||||installed
clarifying their||
||||||||||||||||responsibility
for internet safety.||
|Risks are actively|||monitored||by|and formally|||reviewed||by|the trustees'|||board at each meeting.||
|Fundraising|Standards|||- Lifelites operates|||||its direct|||fundraising|||activities
in accordance
with the||
|Chartered
Institute|||of Fundraising||||Codes of|Fundraising|||Practice, as follows:||||||
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||||||Note|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|Funds|Funds|
|||||||2021|2021|2021|2020|
|||||||E'000|2000|K'000|8000|
|INCOIIE||||||||||
|Donations||||||203|294|497|645|
|Legacies||||||0|0|0|60|
|Investment
income||||||77|0|77|74|
|Grant (Furlough)||||||60|0|60||
|Total income||||||340|294||779|
|EXPENDITURE||||||||||
|Cost ofgenerating|||funds|||(147)|0|(147)|(163)|
|Investment
management||||costs||(18)|0|(18)|(17)|
|||||||165|0|165|180|
|Charitable
activities||||||(262)|(217)|(479)|(670)|
|Total expenditure||||||427|217|644|850|
|Net gains/(losses)|on||investments|||763|0|763|(234)|
|NET MOVEMENT|IN||FUNDS|||676|77|753|305|
|Total funds brought||forward||||3,349|130|3,479|3,784|
|Total funds carried||forward||||4,025|207|4,232|3,479|
|BALANCE SHEETas at 31 MarCh 2021|Note|2021|2020|
|---|---|---|---|
|||f'000|f'000|
|FRED ASSETS||||
|Tangible asset||3|4|
|investments||3,901|3,083|
|||3,904|3,087|
|CURRENT ASSETS||||
|Debtors||54|99|
|investments||104|201|
|Cash at bank and
in hand||211|119|
|CURRENT LIABILlTIES||||
|Creditors
falling due within one year||(41)|(27)|
|NET CURRENT ASSETS||328|392|
|Total net asaeta||4,232|3,479|
|||4 232|3,479|
|CHARlTABLE FUNDS||||
|Restricted
income funds|10,11|207|130|
|Unrestrtcted
funds||||
|Designated
reserves|10,1 1|2,579|0|
|General reserves|10,11|1,446|3349|
|Total charitable
funds|||3,479|
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||||||YEAR ENDED 31 MARCH|YEAR ENDED 31 MARCH|
|---|---|---|---|---|---|---|
||CASH FLOW STATEMENT|||||2021|
||||||2021|2020|
||||||F000|E'000|
||Operating
Activities||||||
||Net cash provided
by/(used
in) Operating||Activities|A|86|290|
||Cash flows from investing
activities||||||
||Dividends,
interest
and rents from investments||||77|74|
||Purchase oftangible fixed assets||||1|(4)|
||Proceeds from the sale of investments||||200|151|
||Purchase of investments||||(100)|0|
||Net cash provided
by/(used
in) Investing||Activities||178|221|
||Change
in cash and cash equivalents|in the reporting|||||
||period||||92|(69)|
||Cash and cash equivalents
at the beginning||ofthe reporting||||
||period|||||188|
||Cash and cash equivalents
at the end
pel'lcd|of|the reporting|B|211|119|
||Notes on the cash flow statement||||||
|A|Reconciliation
of net income/(expenditure)||to net||||
||cash flow from operating
activities||||||
||Net movement
in funds as per the Statement||of||||
||Financial
Activities||||753|(305)|
||Adjustments
for.||||||
||Dividends,
interest and rents from investments||||(77)|(74)|
||Movements
in investments||||(821)|177|
||(Increase)/decrease
in debtors||||45|(81)|
||Increase/(decrease)
in creditors||||14|(7)|
||Net cash provided
by/(used
in) Operating||Activities|||290|
|B|Analysis ofcash and cash equivalents||||||
||Cash held by investment
managers||||0|0|
||Cash at bank and
in hand||||211|1'I9|
||Total cash and cash equivalents||||211|119|
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|EA|R ENDED 31 MARCH|R ENDED 31 MARCH|20|21|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|2.|INVESTMENT INCOME||||||Unrestricted|Restricted|Total|Total|
||||||||funds|funds|Funds|Funds|
||||||||2021|2021|2021|2020|
||||||||E'000|OOOO|8'000|OOOO|
||Income from investment||porffolios|||||0|77|74|
||||||||77|0|77|74|
|3.|COST OF GENERATINQ||FUNDS||||Unrestricted|Restricted|Total|Total|
||||||||funds|funds|Funds|Funds|
||||||||2021|2021|2021|2020|
||||||||F'000|OOOO|8'000|E'000|
||Salanes,
Nl and pension||contributions||||136||136|139|
||Printing,
stationery|and advertising|||||11||11|19|
||Travel expenses||||||0||0|4|
||Staff training,
conferences,|||subscriptions||&|||||
||staff costs||||||||||
||||||||147|0|147|163|
|4.|CHARITAI8LE ACTIVITIES||||||Unrestricted|Restricted|Total|Total|
||||||||funds|funds|Funds|Funds|
||||||||2021|2021|2021|2020|
||||||||f'000|OOOO|R'000|K'000|
||Supply of equipment|and|technologies||for||||||
||use by beneficiaries||||||69|'l62|231|380|
||Service support
and training:||||||||||
||Salaries,
Nl and pension||contributions||||170|55|225|255|
||Printing,
stationery,|postage||and telephone|||6|0|6|4|
||Travel expenses||||||2|0|2|18|
||Professional fees||||||2|0|2|1|
||Staff training,
conferences,|||subscriptions||&|||||
||staff costs|||||||0|4|2|
||Sundry expenses|||||||0|3|4|
||Audit fee|||||||0|6|6|
||||||||193|55|248|290|
||||||||262|217|479|670|
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|5.|STAFF COSTS|STAFF COSTS||2021|2020|
|---|---|---|---|---|---|
|||||6'000|f'000|
||Wages and|salaries||293|329|
||Social security costs|||26|32|
||Pension
contributions|||29|32|
||Employee
benefits|||2|1|
||Redundancy|||11|0|
|||||361||
||AVERAGE|NUMBER OF STAFF||2021|2020|
||Generating|funds||||
||Charitable|activities||||
||||||10|
||STAFF EARNING||IlllORE THAN K60,000 (INC. BENEFITS)|2021|2020|
||f70,001 to|F80,000||||
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|NOTE|S TO THE FINANCIAL STATEMENTS||
|---|---|---|
|YEAR|ENDED 31 MARCH 2021||
|6.|TANGIBLE FIXEDASSETS|Equipment S|
|||Furniture|
|||R'000|
||Cost||
||Balance at 31 March 2020||
||Additions||
||Disposals||
||Balance at 31 March 2021||
||Depreciation||
||Balance at 31 March 2020||
||Charge for the year||
||Disposals||
||Balance at 31 March 2021||
||Net book value||
||At 31 March 2021||
||At 31 March 2020||
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|7.|INVESTMENTS||||2021|2020|
|---|---|---|---|---|---|---|
||||||OOOO|F.'000|
||Fixed Asset Investments:||||||
||- Managed
Funds||||||
||MCF CAIF||||3,901|3,083|
||||||3,901|3,083|
||Current Asset Investments||||||
||- RLAM||||104|201|
||||||104|201|
||||||4,005|3,284|
||IIOVE MENTS
IN INVESTMENTS||||||
||Listed||||||
||Balance at 31 March 2020||||3,284|3,612|
||Additions||||100|0|
||Disposals||||(200)|(151)|
||Investment
income||||76|74|
||Management
fees||||(18)|(17)|
||Changes
in cash balances||held||0|0|
||Gains/(losses)||||763|(234)|
||Balance at 31 March 2021||||4,OQ5|3,284|
||RECONCILIATION|TO SOFA|||||
||Gains/(losses)
on listed investments||||763|(234)|
||Gains/(losses)
within cash||balances|held|0|0|
||||||763|234|
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|8.|DEBTORS|||2021|2020|
|---|---|---|---|---|---|
|||||6'000|6'000|
||Prepayments|and accrued income||54|34|
||Other debtors|||0|65|
|||||54|99|
|9.|CREDITORS|||2021|2020|
|||||L'000|R'000|
||Falling due within one year|||||
||Amounts
owed to MCF|||13||
||Accruals and deferred||income|16|11|
||Taxation and social security|||7|9|
||Other creditors|||5|6|
|||||41|27|
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|ASSETS AND|ASSETS AND|||Money||||
|---|---|---|---|---|---|---|---|
|LIABILITIES||Fixed|Investments|Market|Current|Current|Fund|
|||Assets||Deposits|Assets|Liabilities|Total|
|||FOOOs|6000s|EOOOs|FOOOs|KOOOs|5000s|
|Restricted|funds|0|0|207|0|0|207|
|Unrestricted|funds|||||||
|Designated|reserves|0|2,579|0|0|0|2579|
|General reserves||3|1,322|4|158|(41)|1,446|
|Total funds||3|3901|211|158|41|4232|
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|MOVEllhENT
IN FUNDS|MOVEllhENT
IN FUNDS|MOVEllhENT
IN FUNDS|Balance st|Incamo|Expenditure|Gains/|Transfers|Balance at|
|---|---|---|---|---|---|---|---|---|
||||31 March|||(losses)||31 March|
|Restricted funds|||||||||
|Acorns
in Birminglism|||0|2|2|0|0|0|
|Andy's ai StAndrews|||1|2|2|0|0|1|
|Bluebell Wood|||0|'l4|14|0|0|0|
|Bnan House|||0|4|1|0|0|3|
|Cherlton
Farm (CHSW)|||0|6|6|0|0|0|
|Chestnut Tree House|||1|33|25|0|0|g|
|Christophef s (CHASE)|||0|3|2|0|0|1|
|Claira I-louse|||0|6|8|0|0|0|
|Demelza House Kent|||0|50|34|0|0|16|
|Oemslza, SE London|||D|1'I|11|0|0|0|
|Derien House|||0|1|1|0|0|D|
|EACH Ipswich (The Treehouse)|||D|5|2|0|0|3|
|EACH Miltan|||1|1|1|0|D|1|
|Each Quidenhsrn|||9|2|11|0|0|0|
|Ellenar|||0|4|1|0|0|3|
|Forget Illle Not|||0|1|1|0|0|0|
|Francis House|||1|10|7|0|0|4|
|Haven House|||0|1|1|0|0|0|
|Helen House|||13|3|2|0|D|14|
|Hope House|||0|2|2|0|0|0|
|Hospice at Hams Isle||ofWight|21|0|1|0|D|20|
|Jessis May|||0|7|7|0|D|0|
|Jigsaw|||2|15|8|D|0|9|
|Julia's House, Pools|||0|1|1|D|0|0|
|Julia's House, Oevizes|||0|4|1|0|0|3|
|Kesch Hospice Care|||0|3|2|0|0|1|
|l.iltle Bridge House (CHSW)|||0|1|I|0|0|0|
|l.iltle Harbour (CHSW)|||0|5|2|G|0|3|
|l.ittle Haven's
Hospice|||0||1|0|0|D|
|Martin
House|||3|7|7|G|0|3|
|Naomi House 6Jacksplace|||34|I|2|D|0|33|
|Nash's
Ark Children's||Hospice|0|4|4|0|0|0|
|Oakwcll
and Jersey Hospice|||0|41|14|0|0|27|
|Pepper Nurses|||I|5|1|0|0|5|
|Rachel House|||0|4|2|0|0|2|
|Rainbows
children's|Hospice||1|7|2|0|0|6|
|Rebecca House, isle|of Man||25|0|2|0|0|23|
|Robin House Children's||Hospice|0|4|2|0|0|2|
|Shooting Star (CHASE)|||2|1|1|0|0|2|
|St Oswalds,
Newcastle||(Pr The Bridge)|2|7|9|0|0|0|
|The Children's
Trust|||7|6|3|0|0|10|
|Ty Hafan|||3|0|0|0|0|3|
|Zoe's Place Coventry|||3|5|6|0|0|0|
|Zae's Place Liverpool|||0|2|2|0|0|0|
||||130||217|||207|
|Ijnrestricted
funds: General reserves||||340|427|763|(2,579)|1,446|
|Designated
reserves||||||0|2 579|2 579|
|Total funds|||3479||644|763|0|4,232|
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|||||||Note|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|Funds|
||||||||2020|2020|2020|
||||||||E'000|f.'000|R'000|
|INCOME||||||||||
|Donations|||||||358|287|645|
|Legacies|||||||60|0|60|
|investment|income||||||74|0|74|
|Tota! income|||||||492|287|779|
|EXPENDITURE||||||||||
|Cost ofgenerating||||funds|||(111)|(52)|(163)|
|Investment|management||||costs||(17)|0|(17)|
||||||||128|52|180|
|Charitable|activities||||||419|251|670|
|Total expenditure|||||||(547)|(303)|(850)|
|Net gains/(losses)||on||investmerks|||(234)|0|(234)|
|NET MOVEMENT||IN||FUNDS|||289|16|305|
|Total funds brought|||forward||||3,638|146|3,784|
|Total funds|carried||forward|||||130|3,479|
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