##
#
|LIFELITES||
|---|---|
|Contents|Page|
|Trustees Annual
Report||
|Auditor's
Report||
|Statement
of Financial Activities|16|
|Balance Sheet|17|
|Cash Flow Statement|18|
|Notes to the Financial Statements|19|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|isted below a|isted below a|re risks|ide|ntified
with hi|gh residua|l
ri|sks after existing controls|and agreed mitigations.|
|---|---|---|---|---|---|---|---|---|
|Risk Details||||Im act|||Existin
Controls|Miti ation|
|Lifelites lacking||||Mission
drift|||Refreshed
Vision,|Working
groups|
|strategic direction
no written strategic
plan|||/|Reputational
damage
Conflict between
strategy
/ operations
Loss offunding|||Mission &Values
Strategy
in place 2023-
28|(Committees)
to
support and monitor
action plan to deliver
strategic priorities|
||||||||Simple & high impact||
||||||||charitable
objectives||
||||||||Well defined||
||||||||operational
action plan||
||||||||in place, reviewed||
||||||||quarterly
and aligned||
||||||||to staff PDRs||
|Loss of key
personnel
/
succession||poor
planning||Strategic &
disruption
Short-term|operational
increase
in||Appropriate
notice
periods for senior staff|Board/SLT skills audit
Refresh Trustee|
|||||expenditure|||Supervision
&|Recruitment
Policy|
|||||Staff cover|/ burnout||Performance||
|||||Failure to deliver|||Development
Reviews|Establish succession|
|||||ob'ectives||||lan for leadershi|
||||||Page 4 of32||||
##
|||||Low morale|Low morale|||Shared responsibilities|Shared responsibilities|Shared responsibilities|Shared responsibilities|roles (Chair &|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Loss of|clear|||at Board Level &||||Treasurer)|||
|||||leadership||||Terms of Reference|||for||||
|||||||||Committees|||||||
|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|||||||
|protracted||period||Service|quality reduced|||cover||||Negotiate
new contract|||
|||||Loss of|income|||||||from 2024|||
|||||||||Maintained|close||||||
|||||||||contact and|good||||||
|||||||||relationship|||||||
|||||||||Lifelites 'owns' hospice|||||||
|||||||||relationships|||||||
|||||||||Service contract|||||||
|||||||||specification|in place if||||||
|||||||||re lacementre||uired|||||
|Donor / Hospice
database
breakdown||||Service
Funding|disruption
relationships|||Migration
to
database
in|new donor
process|||Data migration|||
|/ unsuitable||database||damaged||||||||Develop automated|||
|for strategic||||Data protection|||breach|||||stakeholder|||
|development||||Loss of data||||||||engagement
plans||in-|
|||||High expenditure|||to|||||built to new CRM|||
|||||resolve|||||||||||
|||||||||||||Consider database|||
|||||||||||||needs for service|||
|||||||||||||artners|||
|Loss ofincome|||due|Loss of income||||Emotive & unique||||Develop marketing||&|
|to competition,
lack
ofpublic awareness||||Failure to deliver
strategic objectives||||cause||||communications|plan||
|etc.||||Loss of relevance||||Case studies articulate||||25'"Anniversary|||
|||||||||impact||||campaign
plans|||
|||||||||Good relationships|||with|Develop celebrity||&|
|||||||||existing supporters||||ambassador|||
|||||||||||||programme|||
|||||||||Rebranding|&digital||||||
|||||||||cam
ai
n|||||||
|Income dependency||||Longer-term||||Monthly
income||||Targeted approach||to|
|on Freemasonry|||&|sustainability||||projections||||Freemasonry
&other|||
|major partners||||Service impact||||||||major partners|||
|||||Depleting|reserves|||High prioritisation||on|||||
|||||||||stewardship||||Corporate
fundraising|||
|||||||||||||strategy developing|||
|||||||||Digital fundraising|||||||
|||||||||development||||Large trust applications|||
|||||||||||||in progress|||
|||||||||||||Donor reco
nition|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|(Including
an Income|(Including
an Income|(Including
an Income|and|Expenditure|Account)||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Note|Unrestricted|Restricted|The Ted|Total|Total|
|||||||||Gosling|||
|||||||funds|funds|funds|Funds|Funds|
|||||||2023|2023|2023|2023|2022|
|||||||6'000|F'000|E'000|F.'000|2'000|
|INCOME|||||||||||
|Donations||||||403|145|0|548|978|
|Legacies||||||1|0|0|1|0|
|Investment|income|||||101|0|5|106|76|
||||||||145|5|655|1.054|
|EXPENDITURE|||||||||||
|Cost ofgenerating||funds||||(183)||0|(183)|(131)|
|Investment|management|||costs||(20)||(1)|(21)|(20)|
|||||||(203)||(1)|(204)|(151)|
|Charitable|activities|||||(368)|(155)|(52)|(575)|(593)|
|Total expenditure||||||(571)|(155)|(53)|(779)|(744)|
|Net gains/(losses)||on investments||||(197)||(12)|(209)|346|
|NET MOVEMENT||IN FUNDS||||(263)|(10)|(60)|(333)|656|
|Total funds|brought|forward||||4,347|288|253|4,888|4,232|
|Total funds|carried||forward|||4,084|278|193|4,555|4,888|
##
|BALANCE SHEETas at 31 March 2023|Note|2023|2022|
|---|---|---|---|
|||8000|L'000|
|FIXEDASSETS||||
|Intangible asset|6.|35|8|
|Tangible asset|6.|23|0|
|Investments|7.|4,197|4,504|
|||4,255|4 512|
|CURRENT ASSETS||||
|Debtors|8.|136|76|
|Investments|7.|105|103|
|Cash at bank and
in hand||127|236|
|||368|415|
|CURRENT LIABILITIES||||
|Creditors
falling due within one year||(68)|(39)|
|NET CURRENT ASSETS||300|376|
|Total net assets||4,555|4,888|
|||4,555|4,888|
|CHARITABLE FUNDS||||
|Restricted income funds|10,11|278|288|
|The Ted Gosling
Fund|10,11|193|253|
|Unrestricted
funds||||
|Designated
reserves|10,11|2,383|2,464|
|Designated
reserves 25 Anniversary|10,11|1,000|1,000|
|General reserves|10,11|701|883|
|Total charitable
funds||4,555|4,888|
||CASH FLOW STATEMENT|||||YEAR ENDED 31 MARCH 2023|YEAR ENDED 31 MARCH 2023|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||F'000|E'000|
||Operating
Activities|||||||
||Net cash provided
by/(used
in) Operating|||Activities|A|345|154|
||Cash flows from investing
activities|||||||
||Dividends,
interest and rents from investments|||||106|76|
||Purchase of intangible
fixed assets|||||(23)|0|
||Purchase oftangible
fixed assets|||||(27)|(5)|
||Proceeds from the sale of investments|||||280|200|
||Purchase
of investments|||||(100)|(400)|
||Net cash provided
by/(used
in) Investing||Activities|||236|129|
||Change
in cash and cash equivalents
period|in the reporting||||(109)|25|
||Cash and cash equivalents
at the beginning
reporting
period||ofthe|||236|211|
||Cash and cash equivalents
at the end
reporting
period|of|the|||127|236|
||Notes on the cash flow statement|||||||
|A|Reconciliation
ofnet income/(expenditure)|||to net||||
||cash flow from operating
activities|||||||
||Net movement
in funds as per the Statement|||of||||
||Financial Activities|||||(333)|656|
||Adjustments
for:|||||||
||Dividends,
interest and rents from investments|||||(106)|(76)|
||Movements
in investments|||||125|(402)|
||(Increase)/decrease
in debtors|||||(60)|(22)|
||Increase/(decrease)
in creditors|||||29|(2)|
||Net cash provided
by/(used
in) Operating|||Activities||345|154|
|B|Analysis ofcash and cash equivalents|||||||
||Cash held by investment
managers|||||0|0|
||Cash at bank and
in hand|||||127|236|
||Total cash and cash equivalents|||||127|236|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|2.|INVESTMENT INCOME|INVESTMENT INCOME|||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|Funds|Funds|
||||||||2023|2023|2023|2023|2022|
||||||||f'000|f'000|f'000|f'000|f'000|
||Income from investment||porffolios||||101|0|5|106|76|
||||||||101|0|5|106|76|
|3.|COST OF GENERATING||FUNDS||||Unrestricted|Restricted|Endowment|Total|Total|
||||||||funds|funds|funds|Funds|Funds|
||||||||F'000|f'000|f'000|f'000|f'000|
||Salaries,
Nl and pension||contributions||||116|||116|116|
||Printing,
stationery|and advertising|||||64|||64|12|
||Travel expenses||||||2|||2|2|
||Staff training,
conferences,|||subscriptions||&||||||
||staff costs|||||||||1|1|
||||||||183||0|183|131|
|4.|CHARITABLE ACTIVITIES||||||Unrestricted|Restricted|Endowment|Total|Total|
||||||||funds|funds|funds|Funds|Funds|
||||||||f'000|f'000|f'000|f'000|f'000|
||Supply of equipment|and|technologies||for|||||||
||use by beneficiaries||||||174|138|52|364|347|
||Service support
and|training:||||||||||
||Salaries,
Nl and pension||contributions||||161|17|0|178|200|
||Printing,
stationery,|postage||and telephone|||4|0|0|4|3|
||Travel expenses||||||10|0|0|10|7|
||Professional
fees||||||2|0|0|2|8|
||Staff training,
conferences,|||subscriptions||&||||||
||staff costs||||||||0|4|2|
||Sundry expenses||||||||0|5|19|
||Audit fee||||||||0|8|7|
||||||||194|17|0|211|246|
||||||||368|155|52|575|593|
##
|5.|STAFF COSTS|STAFF COSTS||2023|2022|
|---|---|---|---|---|---|
|||||F'000|F'000|
||Wages and|salaries||248|261|
||Social security costs|||22|27|
||Pension
contributions|||24|26|
||Employee|benefits||0|2|
|||||294|316|
||AVERAGE|NUMBER OF STAFF||2023|2022|
||Generating|funds||||
||Charitable|activities||||
||S'TAFF EARNING||MORE THAN 860,000 (INC. BENEFITS)|2023|2022|
||F70,001 to|680,000||||
||Total|||||
##
##
||INTANGIBLE AND TANGIBLE FIXED|||||
|---|---|---|---|---|---|
|6.|ASSETS|Lifelites|Equipment|&|Total|
|||Branding|Furniture|||
|||E'000|F'000||E'000|
||Cost|||||
||Balance at 31 March 2022|11|||11|
||Additions|33||24|57|
||Disposals|||||
||Balance at 31 March 2023|44||24||
||Depreciation|||||
||Balance at 31 March 2022|||||
||Charge for the year|||||
||Disposals|||||
||Balance at 31 March 2023||||10|
||Net book value|||||
||At 31 March 2023|35||23|58|
||At 31 March 2022|||||
##
##
|INVESTMENTS|INVESTMENTS||2023|2022|
|---|---|---|---|---|
||||F'000|L"000|
|Fixed Asset|Investments:||||
|- Managed|Funds||||
|MCF CAIF|||4,197|4,504|
||||4,197|4,504|
|Current Asset Investments|||||
|- RLAM|||105|103|
||||105|103|
||||4,302|4,607|
|MOVEMENTS
IN INVESTMENTS|||||
|Listed|||||
|Balance at|1 April|2022|4,607|4,005|
|Additions|||100|400|
|Disposals|||(280)|(200)|
|Investment|income||105|76|
|Management
fees|||(21)|(20)|
|Gains/(losses)|||(209)|346|
|Balance at|31 March 2023||4,302|4,607|
|RECONCILIATION||TO SOFA|||
|Gains/(losses)
on||listed|||
|investments|||(209)|346|
||||209|346|
##
##
##
##
|||||||
|---|---|---|---|---|---|
|DEBTORS||||2023|2022|
|||||F'000|8'000|
|Prepayments|and|accrued|income|136|76|
|||||136|76|
|9.|CREDITORS|CREDITORS||2023|2022|
|---|---|---|---|---|---|
|||||2000|F'000|
||Falling|due within one year||||
||Amounts|owed to MCF||30|12|
||Accruals|and deferred|income|12|14|
||Taxation|and social security||9|8|
||Other creditors|||17|5|
|||||68|39|
##
##
##
##
|||||Money||||
|---|---|---|---|---|---|---|---|
|ASSETSAND LIABILITIES||Fixed|Investments|Market|Current|Current|Fund|
|||Assets||Deposits|Assets|Liabilities|Total|
|||f000s|f000s|f000s|f000s|f000s|f000s|
|Restricted funds||0|0|278|0|0|278|
|Endowment|Reserves|||||||
|The Ted Gosling
Fund||0|193|0|0|0|193|
|Unrestricted|funds|||||||
|Designated|reserves||2,383|0|0|0|2,383|
|Designated
Anniversary|reserves 25|0|1,000|0|0|0|1,000|
|General reserves||58|621|(151)|241|(68)|701|
|Total funds||58|4 197|127|241|68|4,555|
##
|as exp|lained|on page 10|of the Trustee|s Report.|||||
|---|---|---|---|---|---|---|---|---|
||||Balance|Income|Expenditure|Gains/|Transfers|Balance|
||||31 March|||(losses)||31 March|
||||2022|||||2023|
||||f'000|f'000|F'000|f'000|f'000|f'000|
|Restricted|Funds||288|145|(155)|0|0|278|
|The Ted Gosling||Fund|253||(53)|(12)|0|193|
|Unrestricted|funds:||||||||
|General reserves|||883|505|(571)|(197)|81|701|
|Designated|reserves —25||||||||
|Anniversary|||1,000|0|0|0|0|1,000|
|Designated
reserves-
Hopsice Support|||2,464|0|0|0|81|2,383|
|Total funds|||4,888|655|779|209|0|4,555|
|||||Page 30of32|||||
##
##
|||||||Note|Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|Funds|
||||||||2022|2022|2022|2022|
||||||||E'000|2000|E'000|F'000|
|INCOME|||||||||||
|Donations|||||||444|284|250|978|
|Legacies|||||||0|0|0|0|
|Investment|income||||||76|0|0|76|
|Total income|||||||520|284|250|1,054|
|EXPENDITURE|||||||||||
|Cost ofgenerating||||funds|||(131)||0|(131)|
|Investment|management||||costs||(20)||0|(20)|
||||||||151||0|151|
|Charitable|activities||||||390|203|0|593|
|Total expenditure|||||||(541)|(203)||(744)|
|Net gains/(losses)||on||investments|||343||3|346|
|NET MOVEMENT||IN||FUNDS|||322|81|253|656|
|Total funds brought|||forward||||4,025|207|0|4232|
|Total funds|carried||forward||||4,347|288||4,888|
##
##
##