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 2025
The Live Free Foundation
Contents
For the year ended 31st October 2025
| Page No. | |
|---|---|
| Legal and Administrative Details | 1 |
| Trustees’ Annual Report | 2 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 – 12 |
The Live Free Foundation
Legal and Administrative Details
For the year ended 31st October 2025
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 Resigned 27 May 2025 Surprise Siyabonga Sithole Nicholas Aaron Dunse 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 2025
Introduction
The Trustees present their Annual Report together with the Financial Statements for the year ended 31 October 2025. 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
LFF 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 4 members as at 31 October 2025.
Susan Anne Partridge, CEO of LFF Duncan Hugh Barclay Surprise Siyabonga Sithole Nicholas Aaron Dunse
Objects and Activities
The Foundation’s aims and objectives are 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 wellbeing and physical health of individuals through meetings with individuals held either online or in-person, monthly worship events, and weekly devotionals sent by email.
Susan Anne Partridge Date: 24[th] April 2026 CEO and Trustee
Page 2
The Live Free Foundation
Independent Examiner’s Report
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 2025, 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: 27[th] April 2026
Chartered Certified Accountants Verdant Accountants Ltd 20-22 Wenlock Road London N1 7GU
Page 3
The Live Free Foundation
Statement of Financial Activities
For the year ended 31st October 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| Notes | Funds | Funds | |
| 2025 | 2024 | ||
| £ | £ | ||
| Income from: | |||
| Donations and legacies | 2 | 30,856 | 31,241 |
| Income from other sources | 3 | 12,777 | 19,577 |
| Charitable activities | 4 | 7,215 | 9,807 |
| Investment Income | 5 | 12,665 | 11,309 |
| Total income | 63,513 | 71,934 | |
| Expenditure on: | |||
| Charitable activities | 6 | (71,396) | (96,530) |
| Total expenditure | 6 | (71,396) | (96,530) |
| Net (expenditure) / income resources | (7,883) | (24,596) | |
| Gain / (loss) on investment asset | 57,193 | 17,365 | |
| Net movements in funds | 49,310 | (7,231) | |
| Reconciliation of funds: | |||
| Total funds brought forward | 234,598 | 241,829 | |
| Total funds carried forward | 283,908 | 234,598 |
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 2025 & 2024.
Notes 1-17 form part of these accounts
Page 4
The Live Free Foundation
Balance Sheet
As at 31[st] October 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible assets | 10 | 3,883 | 2,446 | |||
| Investment | 11 | 277,722 | 240,702 | |||
| Current Assets | ||||||
| Debtors | 12 | 0 | 0 | |||
| Cash at bank and in hand | 3,879 | 6,419 | ||||
| 3,879 | 6,419 | |||||
| Liabilities | ||||||
| Creditors: amounts falling due within | ||||||
| 1 year | 13 | (1,576) | (14,969) | |||
| Net current assets | 2,303 | (8,550) | ||||
| Net assets | 14 | 283,908 | 234,598 | |||
| Funds | ||||||
| Unrestricted funds | 14 | 283,908 | 234,598 | |||
| Total Funds | 283,908 | 234,598 |
For the year ending 31[st] October 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Notes 1-17 form part of these accounts
The financial statements were approved by the board of directors on
24[th] April 2026
and signed on their behalf by:
Susan Anne Partridge – Director
Page 5
The Live Free Foundation
Notes to the Financial Statements
For the year ended 31st October 2025
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.
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The Live Free Foundation
Notes to the Financial Statements (cont’d)
For the year ended 31st October 2025
1 Accounting policies (cont’d)
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.
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The Live Free Foundation
Notes to the Financial Statements (cont’d)
For the year ended 31st October 2025
1 Accounting policies (cont’d)
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 | ||
|---|---|---|---|
| **2 ** | Income from donations | Unrestricted funds | Unrestricted funds |
| 2025 | 2024 | ||
| £ | £ | ||
| Cash donations | 30,856 | 27,495 | |
| Gift aid | 0 | 3,746 | |
| 30,856 | 31,241 | ||
| **3 ** | Income from other sources | Unrestricted funds | Unrestricted funds |
| 2025 | 2024 | ||
| £ | £ | ||
| Royalties received | 12,777 | 19,577 | |
| 12,777 | 19,577 | ||
| **4 ** | Income from charitable activities | Unrestricted funds | Unrestricted funds |
| 2025 | 2024 | ||
| £ | £ | ||
| Course fees | 7,215 | 9,807 | |
| 7,215 | 9,807 | ||
| **5 ** | Investment income & bank interest | Unrestricted funds | Unrestricted funds |
| 2025 | 2024 | ||
| £ | £ | ||
| Bank interest | 88 | 232 | |
| Investment income | 12,577 | 11,077 | |
| 12,665 | 11,309 |
All incomes were attributable to Unrestricted funds in 2025 & 2024 .
Page 8
The Live Free Foundation
Notes to the Financial Statements (cont’d)
For the year ended 31st October 2025
6 Total expenditure
| Expenditure on charitable activities: | Unrestricted | Unrestricted | |
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Support costs allocated to activities: | |||
| Freelancer staff/Consulting | 26,717 | 49,204 | |
| Premises costs | (5,586) | 12,535 | |
| Salaries, pension cost & Employers NI | 18,192 | 1,602 | |
| Charitable & political donations | 10,093 | 8,244 | |
| Other expenses | 99 | 679 | |
| Administrative expenses | 1,341 | 3,325 | |
| Insurance | 807 | 728 | |
| Training and course fees | 364 | 2,288 | |
| Course Expenses – Filming | 179 | 2,766 | |
| Computer and IT costs | 4,703 | 3,800 | |
| Legal and professional | 131 | 35 | |
| Depreciation | 1,396 | 1,691 | |
| Governance costs | 2,100 | 2,040 | |
| Bank Fees | 723 | 693 | |
| Investment Fees | 724 | 369 | |
| Travelling - National & International | 4,157 | 2,139 | |
| Advertising & Marketing | 132 | 669 | |
| Welfare & Compassion | 490 | 399 | |
| Event Expenses | 3,401 | 3,291 | |
| Cleaning | 18 | 33 | |
| Professional Services | 301 | 0 | |
| Printing & Stationery | 65 | 0 | |
| Staff Training | 684 | 0 | |
| Subscriptions | 125 | 0 | |
| Telephone & Internet | 40 | 0 | |
| 71,396 | 96,530 | ||
| All expenses were attributed to Unrestricted funds in 2025 & 2024. | |||
| **7 ** | Governance costs | 2025 | 2024 |
| £ | £ | ||
| Independent examination & Accounts Preparation | 2,100 | 2,040 | |
| Accounting and others | 0 | 0 | |
| 2,100 | 2,040 |
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The Live Free Foundation
Notes to the Financial Statements (cont’d)
For the year ended 31st October 2025
| **8 ** | Net (expenditure) / income resources | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Net income is stated after charging: | |||
| Depreciation of tangible fixed assets | 1,396 | 1,691 | |
| Operating lease rentals | (5,586) | 12,535 | |
| (4,190) | 14,226 |
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:
| key management personnel are as follows: | ||||
|---|---|---|---|---|
| Admin | ||||
| expenses | ||||
| Consulting | claimed | 2025 | 2024 | |
| £ | £ | £ | £ | |
| SA Partridge – Creation of a new course | 0 | 0 | 0 | 20,000 |
| 0 | 0 | 0 | 20,000 | |
| Staff costs and employee benefits | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Wages and salaries | 18,000 | 1,500 | ||
| Social security costs | 192 | 102 | ||
| 18,192 | 1,602 |
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:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Charitable activities – general operations | 1 | 1 |
| 1 | 1 |
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The Live Free Foundation
Notes to the Financial Statements (cont’d)
For the year ended 31st October 2025
| **10 ** | Tangible fixed assets | |||
|---|---|---|---|---|
| Computer | Plant, fixtures | Total | ||
| Equipment | and fittings | Assets | ||
| Cost | £ | £ | £ | |
| At 1 November 2024 | 8,451 | 4,471 | 12,922 | |
| Additions | 2,833 | 0 | 2,833 | |
| At 31 October 2025 | 11,284 | 4,471 | 15,755 | |
| Depreciation | ||||
| At 1 November 2024 | 6,005 | 4,471 | 10,476 | |
| Charge for the year | 1,396 | 0 | 1,396 | |
| At 31 October 2025 | 7,401 | 4,471 | 11,872 | |
| Net book value | ||||
| At 31 October 2025 | 3,883 | 0 | 3,883 | |
| At 31 October 2024 | 2,446 | 0 | 2,446 | |
| **11 ** | Investment | 2025 | 2024 | |
| £ | £ | |||
| Investment b/fwd | 01/11/2024 | 240,702 | 193,337 | |
| Capital paid away | (20,173) | 0 | ||
| Capital added | 0 | 30,000 | ||
| Gain/(loss) on investment | 57,193 | 17,365 | ||
| Investment c/fwd | 31/10/2025 | 277,722 | 240,702 | |
| 2022 Evelyn Partners – low risk portfolio (2021 Smith & Williamson) | ||||
| **12 ** | Debtors | 2025 | 2024 | |
| £ | £ | |||
| Prepayment | 0 | 0 | ||
| Other debtors | 0 | 0 | ||
| 0 | 0 | |||
| **13 ** | Creditors: amounts falling due within one year | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade creditors | 0 | 700 | ||
| Other taxes and social security costs | (524) | 229 | ||
| Other creditors | 2,100 | 14,040 | ||
| 1,576 | 14,969 |
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The Live Free Foundation
Notes to the Financial Statements (cont’d)
For the year ended 31st October 2025
14 Unrestricted funds
| Unrestricted funds | |
|---|---|
| 2025 | |
| £ | |
| At 1 November 2024 | 234,598 |
| Income | 63,513 |
| Expenditure | (71,396) |
| Gain/(loss) on investment asset | 57,193 |
| At 31 October 2025 | 283,908 |
15 Analysis of net assets between funds
| Analysis of net assets between funds | |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| Tangible assets – Computer Equipment& Fixtures & Fittings | 3,883 |
| Tangible assets – Investment | 277,722 |
| Debtors | 0 |
| Cash at bank and in hand | 3,879 |
| Creditors: amounts falling due within one year | (1,576) |
| Total net assets | 283,908 |
All funds were Unrestricted in 2025.
16 Transactions with trustees and related parties
There have been no related party transactions during 2025 and 2024.
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.
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