## **The Live Free Foundation** (A Company Limited by Guarantee) Charity No. 1168307 Company No. 09848976 (England and Wales) Trustees’ Annual Report and Financial Statements For the year ended 31[st] October 2023 |**The Live Free Foundation**|| |---|---| |**Contents**|| |For theyear ended 31st October 2023|| ||**Page**| |**Legal and Administrative Details**|1| |**Trustees’ Annual Report**|2 –4| |**Independent Examiner’s Report**|5| |**Statement of Financial Activities**|6| |**Balance Sheet**|7| |**Notes to the Financial Statements**|8 – 14| ## **The Live Free Foundation** ## **Legal and Administrative Details** For the year ended 31st October 2023 The organisation is a registered charity, registered on the 20[[th]] July 2016. **Status** The organisation is a registered charity, registered on the 20[[th]] July 2016. **Registered charity no.** 1168307 **Governing document** The charity is constituted as a Company Limited by Guarantee. **Company no.** 09848976 **Registered address** 7 Thurloe Square London SW7 2TA **Trustees** Trustees who served during the year and up to the date of this report were as follows: Susan Anne Partridge, CEO of LFF (SP) Duncan Hugh Barclay Janice Thomson Surprise Siyabonga Sithole Nicholas Aaron Dunse (appointed 31 March 2023) **Bankers** Natwest Plc 183B Kings Road Chelsea London SW3 5EB **Independent examiner** Chaweevan Williams FCCA Verdant Accountants Limited 20-22 Wenlock Road London N1 7GU Page 1 **The Live Free Foundation** ## **Trustees’ Annual Report** For the year ended 31st October 2023 ## **Introduction** The Trustees present their Annual Report together with the Financial Statements for the year ended 31 October 2023. Live Free Foundation (LFF) is a charitable company limited by guarantee under registration number 09848976 and is registered by the Charity Commission under registration number 1168307. The Charity constitutes a public benefit under the advancement of the Christian faith by the preservation and enhancement of the good mental and physical health of individuals through the provision of pastoral services and support; and by the training of individuals to deliver the same services. ## **Structure, Governance and Management** The Live Free Foundation is governed by its Memorandum and Articles of Association and by the regulations of the Charity Commission and Company Law. LFF governance structure consists of the Board of Trustees. The Board of Trustees direct the affairs of LFF, provide leadership, fulfil their fiduciary duty and are involved in the endorsement of policy and in monitoring its implication. The Board meets annually but individual members of the Board meet regularly with the CEO, Susan Partridge. The Trustees may appoint a person who is willing to act to be a trustee either to fill a vacancy or as an additional trustee provided that the appointment does not exceed any number fixed by or in accordance with the articles as the maximum number of trustees. The Board of Trustees comprises of 5 members as at 31 October 2023. Susan Anne Partridge, CEO of LFF (SP) Duncan Hugh Barclay Janice Thomson Surprise Siyabonga Sithole Nicholas Aaron Dunse (appointed 31 March 2023) ## **Objects and Activities** The Foundation’s aims and objectives as set out in its governing document. It endeavours to see Christian faith strengthened in the lives of principally those people already attending congregations around the country. It helps promote the mental well being and physical health of individuals through meetings with individuals held either online or at rented offices at Chelsea Methodist Church and Pastoral Centre, 155A King’s Road, Chelsea, London SW3 5TX, as well as bi-monthly worship events held at various locations, and occasional teaching courses usually hosted at other churches. For meetings with individuals, team members, all volunteers, other than two who carry out administrative work on a consultancy basis, meet with those applying for pastoral help, with two team members present for each visitor. These happen both during the day and in the early evening after office hours, allowing people to seek for help outside their office duties. They have also been happening remotely, on Zoom, since the period of lockdown again with two people attending to a single person. Page 2 **The Live Free Foundation** ## **Trustees’ Annual Report** For the year ended 31st October 2023 ## **Objects and Activities (continued…)** Below is a summary of the activities carried out during the year to 31 October 2023: - 1 Our team numbers stand about 33 although we always have a turnover as people move on and others come. - 2 We have noticed that there had been a wave of people applying for Encounters who are struggling with the occult and a wave of team struggling with busyness. - 3 We ran several events during the year, two Advance courses, several Encounter Worship Evenings, an Unlock course at the Vineyard 61, a Deeper Course at our offices and an Open Evening to introduce Live Free to those interested. We have in the past been able to use the Chelsea Methodist Church for events but with the change of vicar this favour seems to have been lost for this season. We are seeking new locations, but nothing has been found yet that we feel to move with. - 4 Following some amazing Encounter Sessions with the Leadership of the Vineyard 61, a team was asked to host the Unlock Course at this Vineyard Church. This consisted of about 45 people as there was a restriction with space. It was hugely powerful, and a large amount of healing took place as a result. The effect of the course apparently continues to be felt hugely since that time. Some of the Vineyard team members have done Deeper and two of them went on to do Advance, the final training course before coming on team. - 5 We have had 70 people sign up for the various online courses; 53 for Unlock and 17 for Deeper. - 6 We held a Freedom From Freemasonry day in January which was attended by just under 30 people and Mike and Hiroko Preece of Gilgal House led the sessions, bringing great freedom. - 7 Selorm Klaye has led daily intercession for Live Free since December 2019, leading intercession groups throughout all the talks. It has made the ministry feel a much more stable and safer environment. Renata is now doing a contemplation section to the monthly intercession sheet. - 8 Selorm Klaye has also been helping Susan Partridge with the strategy for the Foundation and he is compiling templates of all that we do to prepare for expansion for expansion. We have started the training of the Leadership team of a Live Free Hub in Croydon. Jan Thomson has started the training of team for the planting of a Hub up in Scarborough. - 9 Lucy Partridge has joined us on a consultancy basis working on the social media and communications. She is doing an excellent job and we are close to getting 1000 followers. She is producing a monthly newsletter, publicising the various events amongst other things; has introduced new leaflets and publicity material. - 10 Lianne Logan continues, on a consultancy basis, and has started to focus more on team training while Lucy Partridge has been picking up more of the responsibility for running the courses as well as communications. - 11 Lucy Partridge proposed Susan Patridge should start doing monthly interviews to raise our profile. These have been reasonably popular and it is hoped that the following will grow as the interviews build. The first one was with Rev Emmy Wilson, HTB Prison Ministries, and the second was with Gordon Hickson of. Both have been very powerful and the hope is to grow this area of the ministry. In April she interviewed Duncan Barclay and Surprise Sithole in May, Ian McCormack in June, July and Linda Valen and Wintershall Plays, Charlotte de Klee in October. Page 3 The Live Free Foundation Trustees, Annual Roport For the year end&J 31st C4*ot*r 20TJ Objects and Activities (continued...) 12 Susan Partridge and Tally Parr recorded a new audio version of the Advance Course. This was released for Ihe first lime at the end of April to tratn those who are coming on team. This will give us much greater ￿e￿bilIty and allow us to bring team member5 on al any time. Four people have already done so. 13 Susan Partr￿e wrote a new (x)utse. Discover. in August. This will be released next year. 14 Susan PartrKlge look members of the team to Israel to pin Surprise Stihole for 8 trip arOUT￿ the country. This was hugely en[￿hir1g for the team and goc#J team bonding time. (L4oLI / Susan Anne Partridge CEO and Trustee Date.. Page 4 ## **INDEPENDENT EXAMINER’S REPORT** ## VERDANT ACCOUNTANTS LTD ## **Independent examiner’s report to the trustees of The Live Free Foundation, Company no: 09848976 and Charity no: 1168307** I report on the financial statements of the above charity (a company limited by guarantee) for the year ended 31 October 2023, which comprise the statement of Financial Activities, the Balance Sheet and the related notes 1- 17. ## **Respective responsibilities of trustees and examiner** The trustees who are also directors of the company for the purposes of company law, are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (‘the Act’). The Charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Charities Act, follow the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act, and 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 the 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. ## **Independent examiner’s statement** - (1) In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 386 of the Companies Act (2006); or - the accounts do not accord with the accounting records; or - the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or - The accounts have not been prepared in accordance with the Charities SORP (FRS102). - (2) I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## **Chaweevan Williams FCCA** Date 18[th] December 2023 Chartered Certified Accountants Verdant Accountants Ltd 20-22 Wenlock Road London N1 7GU Page 5 ## **The Live Free Foundation** ## **Statement of Financial Activities** For the year ended 31st October 2023 |Notes
**Income from:**
Donations and legacies
2
Income from other income
3
Charitable activities
4
Investment Income
5
**Expenditure on:**
Charitable activities
6
**Total expenditure**
6
Gain / (loss) on investment asset
**Net movements in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**Total income**
**Net (expenditure) / income resources**|**Unrestricted**
**Funds**
**2023**
**£**
**24,523**
**25,904**
**3,528**
**2,372**
**56,327**
**(50,526)**
**(50,526)**
**5,801**
**30,746**
**36,547**
**205,282**
**241,829**|Unrestricted
Funds
2022
£
36,986
20,861
4,887
0| |---|---|---| |||62,734| |||(80,955)| |||(80,955)| |||(18,221)
(1,468)| |||(19,689)
224,971| |||205,282| All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. All funds were Unrestricted in 2022 & 2021. Notes 1-16 form part of these accounts Page 6 The Live Free Foundation Balance Sheet As at 31st Ortob8r 2023 2023 2022 Notes Fixed assets Tangitrrte assets InVeSt￿￿nt 10 11 2,168 193,337 3,632 148,555 Current Assets Debto Cash at bank in hand 12 802 54,178 54,980 47,769 48A04 Uabilities Credito￿. anKJunts faI￿r￿J due ￿1th1n 1 year 13 (1,980) {1,885) Nel current assets 46.324 53.095 Net assets 14 241.829 205,282 Funds Unrestricted funds 14 241,829 205,282 TOL71 Funds 241.829 205,282 For the year enthng 31st October 2023. the ￿[r￿anY entitled to exeiWiLm from a￿lIt under sectlon 477 of the Companies Act 2￿6 re18ting to small cOm￿nies. The members have not r￿uir*I the (X)r￿nY to otkin an 8udkt in accordanc• with section 476 of tho Cotypanies Act 20C6. The directors acknowledge th￿r restM)nsitilities for corrptyiro Y￿th the req￿rements of the Companies Act 2006 respect to a¢￿￿nting records atNJ fot the pre￿ratiOn of accourrts. These accounts have ￿en weparal in aC*ordan￿ *ith the Kyovisions appl￿ble to ￿￿4)anIeS subject to the srnall companies regirrE. Notes 1-16 fO￿n part ofthese accourts The fina￿la1 stalements were aptKcNed sign￿1 on the board ofdireclors, behawon Susan Anne Partridge- tire(*or Page 7 **The Live Free Foundation** ## **Notes to the Financial Statements** For the year ended 31st October 2023 ## **1 Accounting policies** ## **General information and basis of preparation** The Live Free Foundation is a company limited by guarantee. In the event of The Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of The Charity. The address of the registered office is given in The Charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are to provide one-to-one ministry and counselling. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 16[th] July 2014 (as updated through Update Bulletin 1 published on 2[nd] February 2016), the Charities Act 2016, the Companies 2006 and UK Generally Accepted Accounting Practice. The Charity has taken the small charity exemption not to prepare cash flow statements on the grounds that it is applying FRS 102 Section 1A. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of The Charity. The significant accounting policies applied in preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **Funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of The Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by The Charity for particular purpose. The cost of raising and administrating such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. ## **Income recognition** All incoming resources (which is recognised on receipts basis) are included in the Statement of Financial Activities (SoFA) when The Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised The Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of The Charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can measured reliably and The Charity has control over the item. Fair value is determined on the basis of the value of the gift to The Charity. For example the amount The Charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. Page 8 **The Live Free Foundation** ## **Notes to the Financial Statements** For the year ended 31st October 2023 ## **1 Accounting policies (continued)** No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report. ## **Expenditure recognition** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the heading ‘Expenditure on charitable activities’. See not 5 for details of the nature and cost involved. ## **Support costs allocation** Support costs are those that assist the work of The Charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of The Charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. The analysis of these costs is included in note 5. ## **Tangible fixed assets** Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. All assets costing more than £500 are capitalised. Depreciation is provided on all tangible assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Plant, fixtures and fittings 20% straight line Computer Equipment 20% straight line ## **Debtors and creditors receivable / payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **Provisions** Provisions are recognised when The Charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. ## **Leasing** Rentals payable and receivable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Employee benefits** When employees have rendered service to The Charity, short-time employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. Page 9 ## **The Live Free Foundation** ## **Notes to the Financial Statements** For the year ended 31st October 2023 ## **1 Accounting policies (continued)** ## **Tax** The Charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. ## **Going concern** The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements and the budgeted income and expenditure is considered sufficient for the charity to be able to continue as a going concern. ## **2 Income from donations** |**2**
**Income from donations**
Cash donations
Gift aid
**3**
**Income from other income**
Royalties received
**4**
**Income from charitable activities**
Course fees
Sale of reports
**5**
Investment income : Bank Interest|**Unrestricted**
**funds**
**2023**
**£**
**24,523**
**0**
**24,523**
**Unrestricted**
**funds**
**2023**
**£**
**25,904**
**25,904**
**Unrestricted**
**funds**
**2023**
**£**
**3,528**
**0**
**3,528**
**2,372**|Unrestricted
funds
2022
£
36,986
0| |---|---|---| |||36,986| |||Unrestricted
funds
2022
£
20,861| |||20,861| |||Unrestricted
funds
2022
£
4,887
0
4,887| |||0| All incomes were attributable to Unrestricted funds in 2023 & 2022 . Page 10 ## **The Live Free Foundation** ## **Notes to the Financial Statements** For the year ended 31st October 2023 ## **6 Total expenditure** |**Expenditure on charitable activities:**
**Unrestricted**
**funds**
**2023**
**£**
Support costs allocated to activities:
Freelancer staff/Consulting
**19,228**
Premises costs
**6,681**
Charitable & political donations
**7,502**
Other expenses
**35**
Administrative expenses
**3,004**
Insurance
**671**
Training and course fees
**2,404**
Course Expenses – Filming
**108**
Computer and IT costs
**3,837**
Legal and professional
**35**
Depreciation
**1,465**
Governance costs
**1,980**
Bank Fees
**393**
Investment Fees
**329**
Travelling - National & International
**2,696**
Advertising & Marketing
**143**
Trustees Consulting
**0**
Cleaning
**15**
**50,526**
All expenses were attributed to Unrestricted funds in 2022 & 2021.
**7 Governance costs**
**2023**
**£**
Independent examination & Accounts Preparation
**1,980**
Accounting and others
**0**
**1,980**
**8 Net (expenditure) / income resources**
**2023**
**£**
Net income is stated after charging:
Depreciation of tangible fixed assets
**1,465**
Operating lease rentals
**6,681**
**8,146**|Unrestricted
funds
**2022**
**£**
9,823
8,819
14,498
10
1,799
0
2,077
37,245
1,589
35
2,150
2,085
463
0
0
115
247
0| |---|---| ||80,955| ||**2022**
£
**1,800**
**85**| ||1,885| ||**2022**
£
**2,150**
**8,819**| ||10,969| Page 11 ## **The Live Free Foundation** ## **Notes to the Financial Statements** For the year ended 31st October 2023 ## **9 Trustees and key management personnel remuneration and expenses** The key management personnel comprise the Trustees. The total amount of employee benefits received by key management personnel are as follows: |**Remuneration**
**£**
SA Partridge
**0**
**0**
**ff costs and employee benefits**
Wages and salaries
Social security costs|**Admin**
**expenses**
**claimed**
**£**
**2,567**
**2,567**|**2023**
**£**
**2,567**
**2,567**
**2023**
**£**
**0**
**0**
**0**|**2022**
£
0| |---|---|---|---| ||||0| ||||**2022**
£
0
0| ||||0| ## **Staff costs and employee benefits** No employee was remunerated in excess of £60,000 per annum. The average number of employees, calculated on a full-time equivalent basis, analysed by function was: |Charitable activities – general operations|**2023**
**Number**
1
**1**|**2022**
Number
1| |---|---|---| |||1| Page 12 ## **The Live Free Foundation** ## **Notes to the Financial Statements** For the year ended 31st October 2023 ## **10 Tangible fixed assets** |**Cost**
At 1 November 2021
Additions
At 31 October 2022
**Depreciation**
At 1 November 2021
Charge for the year
At 31 October 2022
**Net book value**
At 31 October 2022
At 31 October 2021
**11 Investment**
Investment b/fwd
01/11/2022
Capital paid away
Capital added
Gain/(loss) on investment
Investment c/fwd
31/10/2022
2022 Evelyn Partners – low risk portfolio (2021 Smith
**12 Debtors**
Prepayment
Other debtors
**13 Creditors: amounts falling due within one year**
Trade creditors
Other taxes and social security costs
Other creditors|**Computer**
**Equipment**
**£**
6483
0
**6,483**
3,019
1,297
**4,315**
**2,168**
3,464
& Williamson)|**Plant, fixtures**
**and fittings**
**£**
4,471
0
**4,471**
4,303
168
**4,471**
**0**
168
**2023**
**148,555**
**(185,964)**
**200,000**
**30,746**
**193,337**
**2023**
**£**
**535**
**0**
**535**
**2023**
**£**
**0**
**0**
**1,980**
**1,980**|**Total**
**Assets**
**£**
10,954
0| |---|---|---|---| ||||**10,954**| ||||7,322
1,465| ||||**8,786**| ||||**2,168**| ||||3,632| ||||2022
**150,023**
**0**
**0**
**(1,468)**| ||||**148,555**| ||||2022
£
802
0| ||||802| ||||2022
£
0
0
1,885| ||||1,885| Page 13 ## **The Live Free Foundation** ## **Notes to the Financial Statements** For the year ended 31st October 2023 ## **14 Unrestricted funds** |At 1 November 2022
Income
Expenditure
Gain/(loss) on investment asset
At 31 October 2023|**2023**
**£**
**205,282**
**56,327**
**(50,526)**
**30,746**| |---|---| ||**241,829**| ## **15 Analysis of net assets between funds** ||| |---|---| |**lysis of net assets between funds**
Tangible assets – Computer Equipment& Fixtures & Fittings
Tangible assets – Investment
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
**Total net assets**|**£**
**Unrestricted**
**fund**
**£**
**2,168**
**193,337**
**535**
**47,769**
**(1,980)**| ||**241,829**| All funds were Unrestricted in 2023. ## **16 Transactions with trustees and related parties** There have been no related party transactions during 2023 and 2022. ## **17 Share capital and controlling parties** The company is limited by guarantee and has no share capital. The liability of its members is limited to £1 per member. Page 14