Review of the year to 31 October 2024 and the Year Ahead
Life Global UK- Women Empowerment Program-
Life Global UK's support of relief of poverty through vocational training and education continued during the period under review. The charity has increased its focus on creating awareness of issues which surround poverty, both in women and their children.
School Opening Events In November and December 2024
The planning and building of two schools funded by two UK donors continue . The opening ceremonies are expected to take place in November/December 2025
The Year Ahead
Life Global UK is planning to hold an event to raise funds for building a school
REGISTERED CHARITY NUMBER: 1170850 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE AR ENDED 31 OCTOBER 2024 FOR LIFE GLOBAL UK Macalvins Limited Chartered Accountants 7 St John's Road Ha]TOW Middlesex HAI 2EY
LIFE GLOBAL UK C0Tr4TF.NTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 P8g¢ Report of the Trustees Indeptndent Examiner's Report StatemeDt of Financial Artivities BalADce Sheet Notes to the Financial Slatcmcnts Detailed Statement of Financial Activities 10
LIFE GLOBAL UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024 The ttustees present their r¢port with the financial biatemeDts of the chariry for the year ¢nded 31 October 2024. The tNste¢s have adopied the provisions of Accounting and Reporting by Cliarities.. Statemeni of R¢¢omiiiended Practice applicable to ¢lwiti¢s preparing th¢ir a¢oounfS iti accordance with the Financial Reporting sidard applicabl¢ in the UK and Republic of Ir¢l8nd (FRS 102). OBJECTIVES AND ACTlVtTIES Objectives attd ainhs The object as defined by the Constitution are.. - reliefof poverty - advancen3eni of education and awarcness - won)en empowemienl through education and training - other ¢haritabl¢ objwt5 a5 the Tnlee$ of tb¢ Association may from time to tim¢ d¢¢id¢. Within thcsc objccts th¢ Association.. the prevention or ielief of poverty in State of Gujaral, India by providing.. items and services to indiiwiduals Jn n¢¢d andlor chariiies, or oth¢r organi%ations working io prevcnt or rclievt poverty - the prevention or rclief of poverty anywhere in thc world by providJn¥ or assisling in the provisson ofedu¢g1ion. Irainin& healthcaie projects and all thc n¢sS8ry suppom designed io enablc individuals to generate a sustsinabl¢ income and be self-sufficicnt. PMbli¢ benefit lThe Executive Cornrt]ittee has givcn carefvl consideration to guidance published by the Charity Commission on public benefit. when reviewing iheir aims and objectives and in planning activities_ ACHlb:VEMLNT AND PERFORI4IANCE Rcyiew of the period and )rt#r #head Lif¢ Global UK'S continues ilb work on 'r¢licf of povety, through vocational traininb? and edu¢atioM continu¢d during the pe]iod under rcview. The charily has in¢rea%ed sLs focus on crtaling awarenesb of i%sucs which SUound poi'erty, both in WOTnen and their children. In th¢ y¢ar ahcad: the charity continues with the planning at]d building of two schools funded by two UK donors contlljue. Thc opening ceremonieb are expe¢ted to takc place in November/De¢embcr 2025. Addktionally, Life Global UK is planning to hold an event to raise fvnds for buildin8 a school. FINAYCIAL RLVIEW Finanei*l position The charity gcncrat¢d in¢ome (Ir L103.3(IU during the year ended 31 Ociobcr 2024 {2Q23- £34,442) and thc charity r¢cord¢d a n¢t deficil of£874 for thc ycar (2023.. net defi¢ii £533). As al 31 October 2024 the chaTity had tothl funds of £1 1,662 {2023-. £12.536). Principal fundiDg t4ourees The principal fijnding sources have been voluntary donations. Invtstmcnt policy and objettlves The charity does hae any spccific investh)ent policies as funds raised are used for lis ehajitsble activilies in a short space of tin]¢ and only a small amount is hcld for future aclivilies. Reserves policy Th¢ tW8t¢¢s Consider that, giv¢n the nature of the charity's aetiviti¢s and Tninimal costs, the charity does not require a reserves policy. Expenditure will not be ineurred without having the funds in place. Going coneern Th¢ tJust¢¢s have reviewed th¢ financial forecasts for the charity and have in particular consider¢d the anricipaied income and exp¢nditur¢ commitments for a period of twelve month.% frorn th¢ date of approval of thes¢ finaiicial siatements. Th¢ tn)stc¢s believe that the charity has adequate resources to continue in operational existrnce for at least the next e1ve months and to meet its liabilities as they fall due. For that reasoT4 the tSt¢¢5 Continue to adopt the going ¢onc£rn basis in preparing the financial statements. Page I
LIFE GLOBAL UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024 STRUCtL&liE, GOVERNANCE AND MANAGEMENr GoverlliDK documeDt The ¢harity is controlled by its guverniug dotyumenl, a deed of trust 3J)d consTrNtes an UDincoJpordted charity. Or¥alltsatlonAI Ste¢ure The chan'ty Is governed ID acwrdance wttb the texms ofits governing document. Global AmbMsadors To assist sn the operation and mana8ement of Life Global UK, the trustees have &ppoinled the followill8 8mba8sadorn who 08Si81 the ¢harity'. Mrs Anita Kamdar. Mrs Bina Mis¢ry And Mrs VaLiita Pac¢1 MBE RemuDer*tfoD pollcy for key m•n88em¢ut personnel The trustees are considered ro be the key manage£t personnel of th¢ charity. The trustees are in ¢hw of dir¢ctirt8, ¢ontrollin& numing and operating Life Global UK on a day tt) day baBiS. None of th¢ trustees received any remuneration or b¢nefits in the ye8r for providing th¢ir scrvices. REFEREYC,E AP4D ADMIsTh4T1VE DETAIL5 ReRtstrred Charity nun)ber 1170850 Prthcfpal %ddres% 7 St JOI,$ Road Harniw Middles¢x HAI 2EY TruBte Mrs Btna Sangbyi Mr BhogiIal Sanghi'i Mr RanKsh Shah rKin'lW& MTS Mcetsl Koticb8 Sh8h llldepettdtut Ewniner Shaile4h Patcl FCA Macalvins Limite41 7 St John'5 Road Harrow Middle5ex HAI 2EY Approv by ordty ofthe board of mjstees on . .>.0 ?.-. .5...... attd signed on its behait by.. Mrs Bina Sanghvi- Trnsiee Pase 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIFE GLOBAL UK IDdepeDdent examitr,$ report to the trustses of Life Global UK I r¢port to the charity trustees on my examination of th¢ acwunts of Life Global UK Ith¢ Trus() for the year ended 31 October 2024. RespoDSibiiities aDd b8515 of report As the ¢harity trustees of the Trust you are responsible for the preparation of the accounts in accordan¢¢ with the requirements of the Chariiies Act 2011 {'the ACVI. I report in respecl of my examinalton of the Trnst's accounts ¢aJTied out under Section 145 of the Aci and in canying out my examination I have followed all applicable Directions given by the Charity Comrni55iOt] undet Section 145(5)(b) of the Act. Illdependent ex4miDer'$ statement I have ¢ompleted my examination. I confLrnJ that no material matters hav¢ Come to my attention in conn¢¢tion with the ¢xamination giving me eause to believe that in any material respect.. ac¢ounting record5 were not kept in respect of the Trust as required by Section 130 of the Acl,. or the accounts do noi accord with thos¢ rwords- or the ac¢ounL8 do not comply with the applirable requirement% c(Jnccrning the forn1 and content of accounts set (Jut in the Chariti¢S (Accounts and Reports) Regulaiions 2008 othcr than any requirement thai thc accounL8 give a true and fair view which Es not a atteT considered as part of an independent examinatlOD. I hav¢ no conc¢rns and have come aeross no other matters in connection with the examination to which attention should b¢ drawn in this rq>ort in order lo enable a proper undcrstanding of th¢ accounts to be reached. Shailesh Patcl FCA Macalvins Limited Chartered Accountants 7 St John's Roiid Harrow Middlcscx HAI 2EY Dat¢: . Pag¢ 3
LIFE GLOBAL VK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024 31.10.24 Tolal funds 31.10.23 Total funds Unr¢stTi¢ied fund R¢stri¢ted funds Notrs INCOME AfiD ENDOWMENTS FROM Donaiions and legacies 11,877 91.423 103,300 34,442 EXPENDITURE ON Charitablc activities Education Progranime Women Empowernaent Pro¥ramme (hher Prowmnies 60,830 33,170 60,830 33,170 7,5(10 35,000 7,500 Oth¢r 2.674 2,674 (251 Total 10.174 94.000 104.174 34.975 ]YET INCOMEI(EXPEf4DITURE) 1,703 {2,577} {874) (5331 REcof+lCILIAI'ION' OF FUNDS Total funds brought torward 71M) 11,836 12,536 13,069 TOTAL FUNDS CARRIED FORWARD 2,403 9.259 11,662 12.536 The notes fonii part of these financial statements Page 4
LIFE GLOBAL UK BALANCE SHEET 31 OCTOBER 2024 31.10.24 Total funds 31.10.23 Unr¢stricted fund k¢stri¢ted funds fiii)ds Notes CURRENT ASSEI"S Cash at bank 3,714 9,259 12,973 12,536 CREDI'foRS Amounts fall due within one year (1,311) (1,311) PYET CURREYf ASSETS 2,403 9.259 11,662 12,536 TOTAL ASSETS LESS CURRENT LtABILLTIES 2.403 9259 11,662 12,536 NET ASSETS 2.403 9,259 11,662 12.536 FUNDS UnTe8tricted fijnds Restricted fund5 2,403 9,259 700 11,836 TOTAL FUP4DS 12.536 The financial &tatements were approved by the Board of Tntstees and authorised for issue on .. sIgnl on tis thalf by.. and w¢re Mrs Bina SauBhvi - Trustee Mr Bhogilal Sanghvi - Trustee 'rhe n(It¢.s fonn part of these finanknial Staments J)ag¢ S
LIFE GLOBAL UK r40TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 ACCOUNTING POLICIES Basls of preparlng the financig15t8tements The financial statements of the charity, which is a public benefit eTrtity under FRS 102, have b¢en prepared tn accordance with th¢ Charitie5 SORP {FRS 102) 'A¢cout]ting and R¢porting by Charities.. Statement of Rwommended Practic¢ applicable to charitie5 prepaTing their accounts in accordance with th¢ Financial Reporting Standard applicable tn Ihe UK and Republic of Ireland {FRS 102}', Financial R¢porting Standatd 102 'The Financial Reportin¥ Standard applicabl¢ in th¢ UK and Republic of Ir¢land' and the Charjties Act 2011. The financial statement5 hav¢ en prepared under the historical Cost convention. All income is Te¢ognis¢d in ihe Statement of Financial Aciiviiieb on¢¢ th¢ ¢harity has entiilen)eni to the fijnds, li is probable that th¢ in¢om¢ will b¢ i¢c¢ived and the amount can be mcasur¢d r¢li8bly. ExpendÈture Liabilitics are recognised as expenditt]re a5 soon as there is a legal or conslructive obligation COmTnittin¥ the charity to that cxpcnditure, it i% probable thai a iransfer of eeonoii)ic bcD¢f%ts will be required in sctil¢ment and the amount of the obligalion can b¢ measured reliably. Expenditlwe is accountcd for on an accruals basis and has been classified under h¢adings that aggre¥ale all cosl relaied io the eatcgory. Wh¢rc costs cannoi be directly attrihuted to particular headings ihey havc been allocated ¢0 aciivitie5 on a basis consistent with the use of resources. Grants offcrcd .subjccl Lo condition5 wkn.ch have noi been m¢1 at the y&ir end date are noteli as a COmTnitmenl but not aTU£d as expenditure. Taxation Th¢ charity is cxernpi from lax on 115 chaTitable acliviti¢s. Fund 2¢countiDg Unrestricted funds can be used in accordancc with the chantable obje¢tlV¢8 at the di%crction of the InL%tees. TRUSTEES, REMUNERATIO74 ND BENEFITS There weie nLI ITUStees' rcmun¢ration or other benefits foi the year endcd 31 October 2024 or for the pr¢¢¢cdiJig year.. Trustees, ¢xpen$es There were no Irustees, expcnses p2id for the year ended 31 U¢lober 2024 or for the preceeding year. COMPAIL4'fIvEs DN)R'l'HE STATEMEf44T OF FINANCIAL ACTIVITIES Unrestrictcd fund Rebtricled funds Total funds INCOM£ Af44D ENDOWMENTS FROM Donations and legacieb 840 33,602 34,442 EXPENDITURE ON Cbaritable A¢tivitie5 Women Empow¢rnient Pro¥ramme 35,(100 35,(100 Other 1251 {251 Total (25) 35.000 34,975 NET INCOmEI(EXPENDITLIE) 865 (1,398) {533) RECOF*'CILiATION' OF FUNDS Total ndS brought forward (1651 13,234 13,069 Pag¢ 6 continu¢d...
LIFE GLOBAL UK NOTES TO THE FIIYANCIAL STATEMENTS- continued FOR THE YEAR E)4DED 31 OCTOBER 2024 COMPAIL4TIVES FOR THE STATEMENT OF FINANCLIL ACTIVITIES- continued UnStrICted nd Restricted fvnds Total fimds TOTAL FUNDS CARRIED FORWARD 700 11,836 12,536 CREDETOIts: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.10.24 31.10.23 Trad¢ creditOTS A¢¢rucd cxpenses 1,310 Accrued examination fees of£i,310.4 payable io Macalvins for 2024 Independent Exainination. MOVLMENT IF* FUYI DS Net movement in funds At 1.11.23 At 31.10.24 Unrestritted funds General fvnd 700 1.703 2.403 Restricted fund5 Won]en Empowemjent Programm¢ Education Programmt Oihcr Pi'ogranune5 2.304 9,452 80 753 13.3301 3.057 6.122 so 11,836 12,5771 9259 I"OTAL FUNDS 12,536 (8741 11,662 N¢¢ mov¢nienl in fi]nds, inLluded in the abov¢ are as follows.. It)comiR¥ rebouFces Resources expcnded Movcmcnt in tunds. Unrestrict¢d fund5 General fvnd 11,877 (10,174) 1,703 Restricted funds Wom¢n Empow¢tinent ProgMe Education Progranune 33,923 57,500 (33,170} {60.8301 753 {3,3301 91,423 (94.0001 {2,577) TOTAL FiJNDS 103.300 {104,1741 (874} Page 7 coniinued...
LIFE GLOBAL UK NOTES TO THE FINATr4CJAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 OCTOBER 2024 MOVEMENT IN FUNDS- continued Comparatives for movemeDt in funds N¢t movement in funds Al 1.11.22 At 31.1023 UDrestri¢ted funds General fund {165} 865 700 Restricted funds Women Empowern)ent Programme FAlucatton Pragramme Other ProgrEmme5 6,053 7.101 80 (3,7491 2.351 2.304 9,452 80 13.234 (1.398) 11,836 TOTAL FUNDS 13,069 (533) 12,536 Comparativ¢ n¢t movement in funds, includcd in th¢ above are a5 follows.. Incoming resources Resources exp¢ndcd Movement in funds Unrestricted fund5 General fund 840 25 865 RestrÈcted funds Women Empvwemient PrograJ)Imc Education Progrommc 31,251 (35,0001 (3,7491 2,351 33.602 (35.000) (1.398) TOTAI. FUNDS .14,442 (34,975) 15331 A Cuent year 12 months and prior year 12 months combin¢d position is as follows- Nei rntsvement in funds At 1.11.22 At 31.10.24 Unrcstrictcd funds G¢n¢rdl fijnd (165) 2,568 2,403 Restricted fundiTr Women Empowem)¢nt Progratnjne Educalion Programme Other Programmes 6.05J 7.101 80 (2.996) (979) 3,057 6,122 80 13234 13,975) 9,259 TOTAL FUNDS 13,069 (1,407) 11.662 Page 8 eontinued...
LIFE GLOBAL UK 'OTES TO THE FINANCIAL STATEMENTS- CODtinued FOR THE YEAR ENDED 31 OCTOBER 2024 MOVEMENT IN FUNDS- ¢ontlnued A curr¢t)t year 12 monihs and prior year 12 months combined nei rnovment in knds, included in th¢ above are a5 follows.. Incoming resources R¢sourc¢s ¢XP¢Dded Mov¢mellt in fi]nds UDrestri¢ted funds fjeneral fund 12,717 (10,149) 2.568 Re5tri¢ted fund5 WoTnen Emw)wemient Programrn¢ Education Progr•nme 65,174 59,851 {68.170) 160,830) {2,996) {9791 125,025 {129.(K)O} (3,975) TOTAL FtPNDS 137,742 (139.149) (1,407} RELATED PARTY DISCLOSURES Therc werc no related party transactions for the year ended 31 Octobcr 2024 {31 (ktober 202J.. No related party trdnsactions). Page 9
LIFE GLOBAL UK DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024 31.10.24 31.10.23 INCOME AND ENDOWMENTS DonatAons and Itgacies Donaiions Gift aid 91.423 11.877 34,442 103,31)0 34.442 Total iD¢oming resourtes 103,300 34,442 EXPENDJTURE Charitable aCtitieS GT8nts to institutlgns 101,500 35.1)00 Other Bank charg¢s 116 (251 Support costs Govcrnanec eosts Audilors, rcmuneration Accountancy 1.310 ,248 2,558 Tolal iesource5 cxpended 104,174 34,975 Net expenditure (874) {533) This page do¢s noi fomi part of the ststutory financial statemenis Page 10
LEPENDL EXMINER's REporf TO THE TRU OF l to th¢ ¢knity tnAwe¢s ¢ffi nsy ofthe of iAfe Glthl UK (the TnL#I f¢xthc cnthd 31 Octh 2024. Cbarities Act 2011 Cthe Acn. I have folboThtd all whL*blt Dllediom gibY th¢Chvity c(jmDTi UEthyseth 145(5Xb) ofth¢ A¢L mc callse io Ilve thx in m•wial rtype¢i: Ttcords Trvclr kept in rewt of the TruA as by 130 oftht . or 4¢¢(xmts thb nol Lxwty 1h tht applxabk rt<P]iTrmts the lorEn ofxcouns sn ChaTitieB IAc¢owiT6 arrtl R¢tKrt4) K¢gulam 21K18 3ny T¢qUir thoi the ve • and fair virw wbirb &$ I Shwlesh Patel FCA M4c8IvitE5 LimitrA chc[ed Attumiants . 7 Si J¢JhTr's Ro middl¢ 1th12EY