2022-03-31-accounts - Lifelites

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Contents	Page
Trustees' Annual Report
Auditor's Report	13
Statement of Financial Activities	16
Balance Sheet	17
Cash Flow Statement	18
Notes to the Financial Statements	19

isted below are risks ide	isted below are risks ide	ntified with hi	g	h residua	l r	isks after existing controls	isks after existing controls	and agreed mitigations.
Risk Details		Im act				Existin Controls		Miti ation
Lifelites lacking		Mission drift				Simple 8 high impact		Refresh Vision,
strategic direction I		Reputational		damage		charitable objectives		Mission 8 Values
no written	strategic	Conflict between
plan		strategy / operations				Well defined		Create Strategic Plan
		Loss offunding				operational	calendar of
						activities to	deliver	Establish working
								groups 8 action plan to
								deliver strategic
								priorities
Loss of key		Strategic &	operational			Appropriate	notice	Board/SLT skills audit
personnel	Ipoor	disruption				periods for senior staff
succession	planning	Short-term	increase		in			Refresh Trustee
		expenditure				Supervision	&	Recruitment Policy
		Staff cover	/	burnout		Performance
		Failure to deliver				Development	Reviews	Refresh sub-committee
		objectives						Terms of Reference
		Low morale				Shared responsibilities
		Loss ofclear				at Board Level		Establish succession
		leadership				(committees	etc.)	plan for leadership
								roles

									Need to consider	Need to consider	Need to consider	Need to consider
									succession	planning				Develop strategic	plan
									for Chair, FPRC Chair					with defined objectives
									8 Treasurer					and continuity planning
Sole trader		- See IT			Failure to deliver				3-year contract			covers		Establish contract
Work - gives notice					services				eventualities		and			review process
or unavailable			for		Reputational		damage		responsibilities			for
protractred		period			Service quality reduced Loss of income				cover					Negotiate new contract from 2024
									Maintained	close
									contact and	good
									relationship
									Lifelites 'owns' hospice
									relationships
									Service contract
									specification		in	place if
									replacement		required
Donor IHospice					Service disruption				System held		on			Review database
database	breakdown				Funding	relationships			Lifelites servers					needs
Iunsuitable		database			damaged
for strategic					Data protection			breach	Some internal					Consider consulation
development					Loss ofdata				database knowledge					for upgrade Icloud-
					High expenditure			to						based CRM system
					resolve
														Consider integration
														with new website
														Develop automated
														stakeholder
														engagement plans		in-
														built to new CRM
Loss ofincome				due	Loss of income				Emotive 8 unique					Rebranding 8 digital
to competition,				lack	Failure to deliver				cause					campaign in
of public awareness					strategic	objectives								development
etc					Loss of relevance				Case studies		articulate
									impact					New website
									Strong relationships					Marketing &
									with existing					communications	plan
									supporters
Income dependency					Longer-term				Monthly income					Fundraising Strategy
on Freemasonry				8	sustainability				projections					development
major partners					Service impact
					Depleting	reserves			High prioritisation				on	Targetted approach		to
									strewardship					Freemasonry 8 other
														major partners
									Digital fundraising
									development					Develop 8 implement
														rebrand &digital
														fundraisin strate

(Including a	n Incom		e and	Expenditur	e Account	)
					Note	Unrestricted	Restricted	The Ted	Total	Total
								Gosling
								Endowment
						funds	funds	funds	Funds	Funds
						2022	2022	2022	2022	2021
						2'000	6'000	E'000	F'000	2'000
INCOME
Donations						444	284	250	978	497
Investment	income					76	0	0	76	77
Grant (Furlough)						0	0	0	0	60
Total income						520	284	250	1,054	634
EXPENDITURE
Cost ofgenerating			funds			(131)		0	(131)	(147)
Investment	management			costs		(20)		0	(20)	(18)
						(151)		0	(151)	(165)
Charitable	activities					(390)	(203)	0	(593)	(479)
Total expenditure						(541)	(203)	0	(744)	(644)
Net gains/(losses)		on investments				343			346	763
NET MOVEMENT		IN FUNDS				322		253	656	753
Total funds	brought		forward			4,025	207	0	4,232	3,479
Total funds	carried		forward			4,347	288	253	4,888	4,232

BALANCE SHEETas	at 31 March 2022	Note	2022	2021
			E'000	E'000
FIXEDASSETS
Tangible asset		6.	8	3
Investments		7.	4,504	3,901
			4,512	3,904
CURRENT ASSETS
Debtors		8.	76	54
Investments		7.	103	104
Cash at bank and in hand			236	211
			415	369
CURRENT LIABILITIES
Creditors falling due within	one year		(39)	(41)
NET CURRENT ASSETS			376	328
Total net assets			4,888	4,232
			4,888	4,232
CHARITABLE FUNDS
Restricted income funds		10,11	288	207
The Ted Gosling Endowment	Reserves	10,11	253
Unrestricted funds
Designated reserves		10,11	2,464	2,579
Designated reserves 25 Anniversary		10,11	1,000	0
General reserves		10,11	883	1,446
Total charitable funds			4,888	4,232

	CASH FLOW STATEMENT				YEAR ENDED 31 MARCH 2022	YEAR ENDED 31 MARCH 2022
					2022	2021
					F'000	E'000
	Operating Activities
	Net cash provided by/(used in) Operating		Activities	A	154	86
	Cash flows from investing activities
	Dividends, interest and rents from investments				76	77
	Purchase oftangible fixed assets				(5)	1
	Proceeds from the sale of investments				200	200
	Purchase of investments				(400)	(100)
	Net cash provided by/(used in) Investing		Activities		129	178
	Change in cash and cash equivalents period	in the reporting			25	92
	Cash and cash equivalents at the beginning reporting period		ofthe		211	119
	Cash and cash equivalents at the end	of	the
	reporting period				236	211
	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				656	753
	Adjustments for:
	Dividends, interest and rents from investments				(76)	(77)
	Movements in investments				(402)	(821)
	(Increase)/decrease in debtors				(22)	45
	Increase/(decrease) in creditors				(2)	14
	Net cash provided by/(used in) Operating		Activities		154	86
B	Analysis ofcash and cash equivalents
	Cash held by investment managers				0	0
	Cash at bank and in hand				236	211
	Total cash and cash equivalents				236	211

2.	INVESTMENT INCOME	INVESTMENT INCOME					Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	Funds	Funds
							2022	2022	2022	2022	2021
							E'000	E'000	E'000	f.'000	E'000
	Income from investment		portfolios				76	0	0	76	77
							76	0	0	76	77
3.	COST OF GENERATING		FUNDS				Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	Funds	Funds
							E'000	E'000	E'000	E'000	E'000
	Salaries, Nl and pension		contributions				116		0	116	136
	Printing, stationery	and advertising					12		0	12	11
	Travel expenses						2		0	2	0
	Staff training, conferences,			subscriptions		8
	staff costs								0	1
							131		0	131	147
4.	CHARITABLE ACTIVITIES						Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	Funds	Funds
							0	0	0	0	0
							E'000	6'000	E'000	E'000	f.'000
	Supply of equipment use by beneficiaries	and	technologies		for		158	189	0	347	231
	Service support and training:
	Salaries, Nl and pension		contributions				186	14	0	200	225
	Printing, stationery,	postage		and telephone			3	0	0	3	6
	Travel expenses						7	0	0	7	2
	Professional fees						8	0	0	8	2
	Staff training, conferences,			subscriptions		8
	staff costs						2		0	2
	Sundry expenses Audit fee						19 7		0 0	19 7
							232	14	0	246	248
							390	203	0	593	479

STAFF COSTS		2022	2021
		E'000	E'000
Wages and salaries		261	293
Social security costs		27	26
Pension contributions		26	29
Employee benefits		2	2
Redundancy		0	11
		316	361
AVERAGE NUMBER OF STAFF		2022	2021
Generating funds
Charitable activities
STAFF EARNING	MORE THAN K60,000 (INC. BENEFITS)	2022	2021
f70,001 to f80,000

6.	TANGIBLE FIXEDASSETS	Equipment	8
		Furniture
		E'000
	Cost
	Balance at 31 March 2021
	Additions
	Disposals
	Balance at 31 March 2022
	Depreciation
	Balance at 31 March 2021
	Charge for the year
	Disposals
	Balance at 31 March 2022
	Net book value
	At 31 March 2022
	At 31 March 2021

INVESTMENTS	INVESTMENTS	INVESTMENTS		2022	2021
				F'000	E'000
Fixed Asset	Investments:
- Managed	Funds
MCF CAIF				4,504	3,901
				4,504	3,901
Current Asset		Investments
- RLAM				103	104
				103	104
				4,607	4,005
MOVEMENTS		IN INVESTMENTS
Listed
Balance at	1 April 2021			4,005	3,284
Additions				400	100
Disposals				(200)	(200)
Investment	income			76	76
Management		fees		(20)	(18)
Gains/(losses)				346	763
Balance at 31		March 2022		4,607	4,005
RECONCILIATION			TO SOFA
Gains/(losses)		on listed
investments				346	763
				346	763

8.	DEBTORS	DEBTORS			2022	2021
					E'000	F'000
	Prepayments		and accrued income		76	54
					76	54
9.	CREDITORS				2022	2021
					F'000	E'000
	Falling	due within one year
	Amounts	owed to MCF			12	13
	Accruals	and	deferred	income	14	16
	Taxation	and	social security		8	7
	Other creditors				5	5
					39	41

				Money
ASSETS AND LIABILITIES		Fixed	Investments	Market	Current	Current	Fund
		Assets		Deposits	Assets	Liabilities	Total
		EOOOs	EOOOs	POOOs	EOOOs	EOOOs	EOOOs
Restricted	funds			288		0	288
Endowment	Reserves
The Ted Gosling Fund			253			0	253
Unrestricted	funds
Designated	reserves	2,579	(115)			0	2464
Designated	reserves 25
Anniversary			1,000	0	0	0	1,000
General reserves			787	(52)	180	(39)	883
Total funds		2,586	1,925	236	180	39	4,888

as exp	lained	on page 10	ofthe Trustee	s report.
			Balance	Income	Expenditure	Gains/	Transfers	Balance
			31 March			(losses)		31 March
			2021					2022
			F'000	F'000	E'000	F'000	E'000	E'000
Restricted	Funds		207	284	(203)			288
The Ted Gosling		Fund	0	250				253
Unrestricted	funds:
General reserves			1,446	520	(541)	343	(885)	883
Designated	reserves —25
Anniversary			0	0			1,000	1,000
Designated	reserves-
Hopsice Support			2,579	0			115	2,464
Total funds			4,232	1,054	744	346		4,888