Charity Registration No. 1172716 Company Regislrats'on No. 10638675 {England and Wales} PRAMALIFE {CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr C Bennett Revd J E Burgess Mrs C Campbell Revd P D Homden lappoinled 23 May 20241 Ms J Rock (appointed 15 October 20241 Mr D L F Cawdery lappointed 10 December 2024) Ms A C Tyndall {appoinled 17 February 20251 Mr N C Johnson Ire519ned 10 December 2024) Company Secretary Miss F C Tasdelen Charity number 1172716 Company number 10638675 Registered office Moran House 1 Holes Bay Park Sterte Avenue West Poole Dorset BH15 2AA Independent Examiners Saffery LLP Midland House 2 Poole Road Bournemouth BH2 5QY Solicitors Lester Aldridge Russell House Oxford Road Boumemoulh BH8 8EX Bankers Barclays Leicester LE87 2BB
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees report Statement of trustees, responsibilities Independent examinerfs report 12 Slalement of financial activities 13 Stat8m8nl of financial position 14-15 Notes to the accounts 16-27
PRAMALIFE (CHARITABLE COMPANY LIMrrED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The directors and trustees present their annual report and the financial statements for the year ended 31 March 2025. The accounts have been prepared in accordance the accounting policies set out in note 1 to the accounts and comply with the Charity's Article5 of Association. the Companies Act 2006 and Accounting and Reporting by Charities.. SlatÈm8nl of Recommended Practice applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (8ffeclive January 20191- Ob èctlves and actlvltles The obie¢ls clause in the companls Articles of Assoclation states: {al To further or benefit the residents of local communities. without distinction of sex, sexual orientstion. race or of political. religious or other opinions by aswciating together the said residenls and the local authorities. voluntary and other organisalions in a common effort lo advance education and lo provide facilities in the interests of social welfare for recreation and leisure time occupation with the objeclive of improving the conditions of life for residents. Ibl To establish or secure the eslablishmenl of community cent$ and the provision of associated activities and lo maintain or manage or Cothoperate wilh any statutory authority in the maintenance and management of any such centre for activities promoted by the charity in furtherance of the above objectives. (cl The charity shall be non-party in politics and non-sectarian in religion. PramaLife's sisteT charity Pramacare was founded in the 1980s to provide help and care for people in their own homes, enabling them to live independently wrthout being forced into residential Care. On the 8th November 2017 PramaLife and Pramacare becam8 subsidiaries of the new parent charily The Prama Foundation from where govemance is exercised over the whole group. The ownership of Prama Trade was transferred from PTamaLife to The Prama Foundation on 1st April 2018. The activities of the organisalion in the year towards the objectives are ouuined in Achievements and Performance. Achievements and Pgrformance PramaLife works with communities lo deliver a range of collective and one-to-one support services across Bournemoulh, Christchurch and Poole and East Dorset for the benefit of older adults and carers. PfamaLife aims to enhance the health and well-being of older adults and carers by providing support which enables: Peer support and leaming, including developing new skills. Understanding of what other support is available in the community and how to access it at the right lime. People to make and sustain friendships People to remain physically active. The prevention of poor health and well-being. PramaLife would not be able to achieve so much without the support of our 231 volunteers who work alongside our staff team in delivering the following activities:
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and Perforniance Continued Group support for people living with dementia and thelr carers PramaLife has a network of 18 Memory Lane groups and hvo Sporting Memories groups. The aim 15 to provide a range of activities to prompt participants memories and other cognitive skills. so thal they can better maintain their well-being. Carers benefit from either peer support al the groups or using the time for some much-needed respite. The Memory Lane groups are led by paid staff because of the level of need amongst th8 group participants, with Ihe support of volunteers. the Sporting Memories groups ar8 entirely run by volunte8rs. During 2024125 we supported 266 individual people though all the groups. Othor Support for people wlth dementla and thelr carors Oakl8y Frlends - This is PramaLife's induction programme for carers of people who have been recently diagnosed with dementia. The aim is lo provide carers with the skills. resilience and peer support they will need in caring for their family memberlfriend. Th6 programme covers 10 weeks of two-hour sessions, topics include planning respite. legal and financial issues, continence elc. There is now moTe focus on mental well-being and how carers can manage relationships with familylfriends which can become strained. Enabling peer support beeen carers is a key aim. During 2024125 96 carers participated in the progTamme. We also organise monthly coffee mornings for carers frorn previous programmes {40+ on average attend) so that they can keep in touch and support each other. D8mentla Awareness Sessions- A key aim for PramaLife is to ensure that people can continue lo live th6ir own live5, participating in the activities Ihey like. To facilitate this. we provide Dementia Awareness sessions for organisalions across the private. voluntary and statutory sectors. The aim is for participants lo learn more about dementia and how best they can adapt their buildinglservices to welcome people living wth dementia. Ouring 2024125 we provided sessions for 28 partner organisations and 491 participants. Support wlth dlets and nutrltlon for peoplo wlth dementla and thelr carers- Dementia can profoundly affect what and how people eat, as a result in 2024125 we worked in partnership wilh Bournemouth University {who have published a booklet providing guidance.. Tips and hints for maintaining good nutrition as you age) lo support just over 320 people with how they could enhance Iheir diets and how they could support people with dementia with their eating.. Following this session at our carers course I have started to leav8 a big jug of squash and a glass available. L is using this and filling it up again hersemas I leave a nole to tell her how much to drinkl So far so good. Also following Ihis session I have purchased four small Tupperw8re pots and h8ve fill8d them with c8rrt)t sticks, tomatoes, cucumber, olives, mini cheddars etc. 8nd she seems to be laking this on l)oard too. l am leaving noles to tell herlo top this up when its èmptied. Carers Support Groups- PramaLife organises 13 carer support groups with the aim lo enable peer support and share information aboul support seNices wth the carers. In 2024125 PramaLife supported 200 individual people at the groups. One group.. Stress Busters is led by the carers themselves. and we would like lo develop more similar groups. We are undertaking more work to support Car$ with their mental well-being. At any one time 65 /r• of the carers we are working with tell us that they feel tired and stressed and their caring role is affecting their health and well-being.
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Achievements and Perfomiance (conllnued) Soclal Actlvltl•$ - Pram8Life provides a variety of groups enabling older adults to socialise together, activities include crafting and woodwork e.g. Men's Sheds. singing. and bingo.. altogether 23 groups. We also provide five exercise groups and ten lunch and coffee moming groups. We cannot thank enough the skilled and committed volunteers who organise and lead these groups. which collectively supported 387 individual people during 2024125. Durlng 2025125, PramaLlf8 also provlded one to on¢ support In the followSng ways: FOCUS - PramaLife deliver5 the FOCUS scheme lo support carers living in Ihe Boumemoulh, Christchurch and Poole conurbation through a conlract with BCP Council, the original 5-year contract ended on 31 December 2024. but due to the success of the scheme the council have extended the contract for another year until 31 December 2025. Through the scheme we provide one to one support to carers including befriending and mentoring as well as monthly support groups. During 2024125 we supported 138 careis through FOCUS. Urgent Communlty Rosponse- PrarnaLrfe has d&veloped this scheme with the NHS. NHS paramedics vlsll older adults at home in the BCP conurbatlon who have had a fall or Infection. The aim is to prevent hospital admissions. so if il Is safe for the older adult lo remain at horn6, they are then referred lo PramaLife, so that we can check that they are recovering. We will contact them for a 104ay period, on average about five limes, we all also assess whelher they require any further support. During 2024125 PramaLife supported 383 people through this scheme. Supportlng carers on dischargo from hospltsl - PramaLife has been developing this scheme with the NHS over the past year. PramaLife is referred carers vthose family members are being discharged from hospital or when they themselves have been hospilalised. We have supported 29 carers so far on the scheme and have learnt a lol. including working with NHS colleagues lo ensu that carers receive seamless support with issues like continence for the cared for person when they relum home. East Dorset Volunt8or Car Drlvers Scheme- After the COVID lockdowns PramaLife look on this scheme in the Ferndownlwimbome area. 11 involves volunleer drivers taking older adults to appointments and social visits. Transport is a significant need amongst the older adults we work wlh- many cannot drive for a variety of reasons and particularly in areas like East Dorsel where there aren't the same public transport servic8s as the conurbation, many older adults can become isolaled. The benefits of the car scheme 15 illustrated by the following feedback.. It's a lifesaver. Without il I would nol be able to visil my husband in his Ca home every week. You can rely on it 8nd it's 8 very reasonable cost. l am very satisfied with this excellent seNice. The car scheme is very important to nle because it gets me to all my appoinlments with doctors and surgeons. They pick me up at my door, wail for me while I'm the and lake me home again. All the drivers are lovely and kind-hearted. I would give this service 10 o(rt of ten every limg. During 2024125 PramaLife's volunteer drivers provided 691 joumeys to older adults.
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Achievements and Perforniance continued The Access Well-belng Poole Hub- This Hub was set up by Pram2Life in the Dolphin Centre, with Help & Care and the NHS to support people with their mentsl well-being. PramaLife has the lease for th8 Hub, and we are responsible for the space and the fittings. Help & Care funded through a Contract wlh the NHS. deliver the support, along with another 15 partner organisations. including Citizens Advice. BCP Housing and a range of specialist mental health and addiction support services. On average 300 people are visiting the Hub each month. wth positive outcomes.. You gave us the opportunity to speak be heard and understood. A key aim was to demonstrate that if we provided shared space for organisalions to work together this would enhance their service delivery. there is evidence that this happening.. Worting with fhg Wellbeing Co-ordinators gives me access to people lrnined in aspects of Iherapy and with knoedge of other88S of support. The setting makes clients feel comfortable and less as though they are in tr88tment. The Impact of PramaLlf¢'$ Support We measure PramaLife's impact in variety of ways. including collecting feedback through confidential suNeys and collating case studies. Following are some examples of the outcomes PramaLife is achieving.. Provldlng Quallty S•r¥l¢o8 - Of the 192 people we survey8d for our work on the Urgent Community Responsè Scheme, 154180Yol rated the scheme very good- From the first initial c811 and then the fin81 rgf8ffal for the NHS the telephone calls were very comfortable, inlomative, caring and the ease of questions not bonng. It made me fe81 that I was being looked after in a confidenl pmfessional way, another 30118010) recorded good as their answer. 2 people gave an average score and one poor. We received this feedba¢k from 109 parkncipants of our Memory Lane groups to the question.. Is the group and its activities well organised? 100 said yes. 9 said to some extent, nobody gave a negative answer. Connecting péopla to the support they neod-An Urgent Community Response patient said of PramaLife'. I cany thank you enough - just having someone to talk to - signposting - amaang after nwhtm8re of hospital & calling 17 7 - invaluable - made a horrible situation tolerable. A carer we supported through the FOCUS scheme reflected.. Prama a very helpful in suggesting other support groups, govemmenl bodies, council support etc. At 8 time when I was tolally lost, inc8pabla of doing much else besides the caring and overwhelmed by the enom?ity of my situation. Pr8ma guided m8 ....as if taking me by the hand andlod me Ihmugh. Enabllng peer support - This c8rer group is Ihe only real help Ihat I receive and Gould not carry on without them. Meeting other carers and supporting one anothergives me somelhing to look lonyard to each month. thank you. Supportlng people whon Iheir Ilves are profoundly changing -11 w8s an invaluable course and I want to thank you so much foryour time and effort into putting this together. It has helped L and I considerably in dealing with P's sad diagnosis and deterioration. We realise this is going to be a long haul for all three of us but af least we know we have help should we gel to breaking point at arRy time.
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and Pertomian¢e ¢ontlnued Enhan¢ing well-belng and preventlng 111 health - You knowif you ask Prama to listen, they 11. You feelyou can trust them when your life might bg falling apart, that gives you confidence lo carry on knowing you are doing the best you can. I have an immediate feeling of my load being lightened. I found the CarS gmup most helpfvl during that particularly stressfulperiod and also very supportive &ncè. It helps to talk about how you a feeling. fo listen fo ofh8rs about how they cope. Also. Pram8 Staff can point you in the direction ofhelp, who lo approach, what you might do nexl, Prama are very good lislen@rs too. W8 r8c&ived this f8edba¢k from 105 participants of our Memory Lane groups lo the question.. Does attending th8 group mak& you feel happier aboul your life? 91 said yes. 14 said to some extenl. we did not receive any negative responses.. The fun, the laughter, and most importanty how good attending the group makes n78 feel about myself when I leave at Ihe end. All what we are trying to achieve at PramaLife is encapsulated in the following feedback from a carer who attended our Musical memories group with her parents.. The Musical Memory group is a lovely place to bring mum and dad. Although my mum does not renrnber where she is going or where she has been, it is ObVuS to me and d8cI that while mum is there, she is happy and relaxed and loves lo sing and chat. The group is 8 safe, supportive space for us to enjoy. ft is a Caring nongudgment81 space full of love and fun. I h8ve no worries that mum s behaviour can be a lfftle "¢)dd"at times- it really doesny matter. Th8 volunteers and organisers are amazing. C8rolin8 th8 f8cili18tor is incredible, her enthusiasm, talent and fun is contagious. She has high expectations of everyone's capabilities and it worf(s. People alljoin in ¢3r$, spouses and staffincluded. Everyone smiles and 18ughs a lot during sessions, singing, playing instruments 8nd in some cases dann9. Music brings joy lo everyone. More centlY I bring dad aged 92 years lo the sessions. He has been caring for mum for many years and was not keen to join me. 11 has made a difference to him as well. He is rn0 confident in a group, less isolated and is able to see how Dementia affects others. He is beginning to understand that we can t change Dementia, bul we can enjoy moments along Ihe way. It's been a lifesaver for us. Thank youl
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEEI TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Alms for 2025126 We continue to extend and develop our support for older adults and carers, for example during 2024125 we have further developed ways in which we can support carers wth Ih8ir mental well-being. We will contsnue to build on this success in 2025126 by: Developing our support for people for people living with dementia, specifically by organising more support in the Christchurch area and developing the skills of the staff team. Developing more support for carers when their family members are discharged from hospital. Continuing lo diversify our $our¢es of income. monitoring spending and developing more effective ways in which lo m8asure the impact of PramaLife's support seNices. PramaLlfe's Funders We cannot thank our supporters &nough for helping PramaLife to sustain and develop tts support servlces during 2024125. particulaTIy'. Marsham Court Hotel . Boumemouth Male Voice Choir. Sl Johns Wimbome . è Th¢ Armed Forces Covenant Fund Trust . Community Action Neork . Ali¢e Ellen Cooper Dean Charilable Foundation . Christchurch Rotary Club . Crowdfunder . Leonardo Trust . N81ional Lottery Community Fund . BCP Council . Poole Rotary Club ¢ Classic Cars on the Quay ' BH Coastal Lottery . Poole Lions Charity Trust . Christchurch Town Council . Dorset Council . Dorset Healthcare NHS Trust . Society of the Holy Child Jesus . Sovereign Housing . Incorporated Boumemouth Free Church Council . Tesco . Judy's Jams . Talbot Village Trusl . D'oyly Carte Charitable Trust . The Valentine Charitable Trust . Vodafone . Dorset Communlty Foundation ¢ Woodland Preserves We would also like to thank all those Individuals who made a donation dI¢t to PramaLrfe. Your support is very much appreciated. We would also lik8 to acknowledge the considerable in-kind support we Ceive from the Municipal and Owen Carter Almshouse and Immanuel Church. Boumemoulh.
PRAMALIFE (CHARITABLE COMPANY LIMrrED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Financial Review The total income for the charity was £454.31912023124- £372,647) and the nel deficit for the perM)d was £25.27712023124'. deficit of £59.7811 Rtrsults The results for the year, the slate of the charitys affairs and transfers belween the restricted and unrestricted funds are shown in the attached financial statgments. Reserves pollcy The charity's 10181 reserves amount to £90.941 {2023124'. £116.218} of which £3.238 {2023124- £3.552) relate to restricted funds and £87,703 {2023124.. £112.6661 relate to unrestricted funds. The Iruslees monitor the level of reserves on a regular ba$1$ throughout the year and sel a target lev81 appropriate to the charity's current position and future plans through the annual budgeting process and lo ensure reserves provide for the long lemi need for working capital and lo provid8 for short term fluclualions in income from donations and grants. Following a full review of the reserves policy during 2020121 the Iruslees consider it prudent to maintain a minimum r&sèNe of £90.000 in this respect. The Reserve5 Policy was further reviewed by the Injslees on 17 July 2024 where il was agreed that the minlmum level of reserves should remain at £90,000. Flxed assets Full details of movements in tangible fixed assets are sel out in note 14 lo the financial stslemonls. Sourcès of lundlng PramaLife Is fortunate that r( receives funding from a varlety of sources to delNer Its charitable acllvities, including.. The Prama Foundation. especialty using the surpluses from our charity shops. Charitable Trusts and the Big Lottery. we apply to a variety of trusts on a competitive basis for their grant support. BCP Council. we were awarded in 2020 a conlracl by BCP Council to provide voluntary support lo Carers, this has been extended until 31 December 2025. Thg Council is atso funding PramaLife for its support of the Urgent Community Response scheme. The NHS, we receive funding for our work in supporting carers on discharge from hospital. Donations and legacies, &.g. group participants will donate PramaLife money to cover the cost of refreshments, or wo may re1ve a donation from a family following the funeral of a family member who had participated in PramaLrfe groupslaclivilies. Community fundraising e.g. concerts organised wilh the Boumemouth Male Voice Choir and Crowdfunding campaigns. Expenditurè Expenditure in respect of PramaLife's community activities encompasses the management and delivery of activities, including s81aries and specrfic costs associated with the activity e.g. materials for our Memory Lanè groups. PramaLife contributes funds to the Foundation in retum for administrative. financial management and governance support.
PRAMALIFE {CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Remuneration Polic None of the trustees receives any remuneration. The remuneration of the senior staff is set by the trustees having regard lo local market rates, experience needed and the degree of responsibility held. e Involvement The parent charity has mechanisms in place to ensure that the slaff team are consulted with conceming issues which affect their employment. PramaLife continues to review how it consults and engages with the staff team to ensure that their views infom the developmenl of Ihe charity- The charity s8eks to 9ive full and fair consideration to all applications for employment made lo the charity by people living with disability and make efforts in respect of the continuing employment and training of employees who may become disabled while employed by the company. The Charity seeks to introduce, maintain and develop arrangements involving employees, providing systemati¢ relevant information, undertaking regular employee consultation and providing necessary Iraining and career developmènt lo all staff members. uctu Governance and Mana ement The organisalion is a charitable company limited by guarantee. incorporated on 24th February 2017. and registered as a charity with the Charity Commission on 24th April 2017. The company was formed under a Memorandum of Association which established the objects and powers of the charitable company and is governed under ils Articles of Association. Under the lemis of the Memorandum of Association each member of the company guarantees lo contribute £10 towards the assets of the company in the event of ils being wound up while helshe is a member. and towards the costs. charges and expenses of winding up. None of the trustees have any beneficial interest in the company. On 8th November 2017 the Iruslees resigrsed as members of the organisalion and apFInted The Prarna Foundation as sole corporate member. The trustees of Th8 Prama Foundation have power to appoint and remove the board of PramaLrfe Limited. The trustees, who are also directors for the Purpose of company law, and who served during the period We.. Mr C Bennett Revd J E Burgess Mrs C Campbell Revd P D Homden lappointed 23 May 2024) Ms J Rock lappointed 15 October 20241 Mr D L F Cawdery lappoinled 10 December 2024} Ms A C Tyndall (appointed 17 February 2025) Mr N C Johnson (resigned 10 December 2024} In addition. Peter Adams is Co-opted as a representative of the carers PramaLife supports.
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure Governanco and Mana ement continued The following trustees are also truslees of The Prama Foundation. Mr C Bennett Mrs C Campbell Mr D L F Cawdery Ms J Rock Revd P D Homden18ppointed 10 December 2024) Ms A C Tyndall (appointed 17 September 2025) Mr N C Johnson (resigned 10 December 2024) The Prama Foundation has a board of directors which receives recommendations and infomiation from two sub-¢ommittees focussing on: Pramacare (The Board of Pramacarel PramaLife (Th& Board of PramaLif8) The chair of each committee is held by a director of Prama Foundation and these make recommendations to the fvll Board of the Prama Foundation. The directors. who are also charity trustees, establish policies that are then implemented by the sensor leadership team vtho are responsible for the employment of staff thal carry out the objectives of the company. New direclorltrustees are appointed following a review of skills by a nominations sub-committee. Each trustee elected meets with the senior management team and then observes a board or sub-commillee meeting before final decisions are taken on appointment. The nominations sub<ommittee report to the board. Persons considered to be able to offer particular expertise to the charity are given a Trustee Handbook and Strategic Plan and meet W7th the Chair to r8c8ive a ftjll explanation of the purpos8s, ethos and practices of Pramacare before being invited lo serve on Ihe board. For the 2024125 financial year, day to day managemenl of the charity was delegated to the Senior Management Team who are led by the Managing Director. Risk assessment A risk register is maintained to focus on specific a8$ of PramaLife's activities and is discussed al each Injslee meetin9. this process includes a Board Assurance Framework enabling truslees lo focus on the strategic risks which could prevent the charity from achieving its objectives. The principal risks of the charity relate to: a) Failure lo raise sufficient funding.. PramaLife has achieved a mix of income which will be important lo sustain and develop. Currently our main sources of income are the contributions from the Prama Foundation including surpluses from Ihe Prama charity shops, charitable Ifusts and donations. We will continue to apply to charitable trusts for their support, but we are diversifying our income through community lundraising. crowdfunding and promoting ethically our need for legacies.
PRAMALIFE ICHARITABLE COMPANY LIMrrED BY GUARANTEE) TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Stru¢tur• Governance and Mana ement ontinued bl Failure lo respond lo safeguarding issues: The health. safety and dignity of the people we support. and our staff and volunteers is paramount. We have implemented robust systems to identify risk5 to the safety of individuals and we provide support and training to our staff and volunteers in order that they can effectively manage any incidents which may o¢¢ur. c) Failure to recruit skilled volunteers.. We are fortunate lo have th8 SUPPOrt of 231 skilled volunteers. However. in order to further sustain and develop our services we need to recwit more volunteers. d) Failure to adapt to changing need and aspirations amongst the older adults and carers.. Needs can change depending on new generations of older adults and our response musl also be based on developing practice from elsewhere in the UK. Prama's Head of Retail & Facilities is the designated Health and Safety officer. Publlc 8eneflt The Iruslees have given due regard to public benefit when planning the charity's activities. in accordance with sections G2 and G3 of the Charity Commissbr)n's General Guidanc8 on Public Benefit (January 2010). The paragraphs in this report set out our activities, achievements. and perfomance during the year, which are dlrectly related lo the objective5 and puOS8$ for which the charity exists. The charity achieve5 ils principal objectives and purposes through servi¢e$ to any members of the public in the local community who have needs arising from age, disability or social isolation. These benefits are directly related lo the aims of the charity and are fully compliant with Principles 1 and 2 of the Charity Commission Principles on Public Benefit. This report has been prepared in accordance wtth the provisions applicable to companies entitled lo the small companies exemplion. On behalf of the board of Iruste8S Aoo Mr Colin Bennett, Chair 11th December 2025 10-
PRAMALIFE (CHARITABLE COMPANY LIMrrED BY GUARANTEE) STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees. who are also directors of PramaLife Limited {Charitable Company Limited by Guarantee) for the purpose of company law. are responsible for preparing the Trustees. Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law require5 the Injstees lo prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources including the income and expenditure. of the charitable company for that period. In preparin9 these accounts, the trustees are required to.. select suitable accounting policiès and then apply Ihem Consistently: - observe the methods and principles in the Charities SORP., make judgements and 8slimal8S that are reasonable and prudent.. and prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity wll continue in operation. Th8 trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the accounts comply with the Companies Act 2006. They are also responsiblè for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detects'on of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of tr¢e corporate and financial information included on the ¢harily's website. Legislation in the United Kingdom goveming th8 preparation and dissemination of accounts may differ from l&gislats'on in other jurisdictions. 11
PRAMALIFE {CHARITABLE COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRAMALIFE LIMITED (CHARITABLE COMPANY LIMITED BY GUARANTEE) I report lo th8 charity truslees on my examination of the acc(yJnts of the Company for Ihe year ended 31 March 2025. Respective responsibilities of trustees and examlner A5 the charity's trustees of the Company land also its director5 for the pU)seS of company lawl you are responsible for the prep8r8tion of the accounts in accordance with the requirements of the Companies Act 2006 {'Ihe 2006 Act,). Having satisfied myself that the a¢¢ounts of the Company are not required to be audiled under Part 16 of the 2006 Act and are eligible for independent examination. l Teport in respect of my examlnallon of your charity's accounts as carried out under section 145 of the Charities Act 20111'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by Ihe Charity Commission under 5eclion 145{51 Ibl of the 2011 Act. Basls of Independent oxarnln8r'5 report My examination was caffied out in accordance with the general directions given by the Charity Commission. An examination includes a review ol th8 accounting record5 kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in Ihe accounts, and seeking explanations fr¢)m you a5 trustees concerning any such matters. The procedures undertaken do not provide all the evidence Ihal would be required in an audit and ¢onsequ8nlly no opinion is given as to whether the accounts present a 'true and fair view, and the report Is limtted lo those mallers set out in the slalemenl below. Independgnt examinèr's statement Since the Company's gross income exceeded £250.000 your examiner must be a member of a l)ody listed in section 145 01 the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I nffirrn that no matters have come lo my attentson in connection with the examination giving me cause to believe.. 1. accounllng records were not kgpt in respect of the Company as required by section 386 of the 2006 A¢l', or 2. the accounts do not accord with thosè rècords., or 3. the accounts do not comply with Ihe accovnling requirements of section 396 of the 2006 Act other than any requirement that Ihe accounts give a 'true and fail view which is nol a matter considered as part of an independent examination.. or 4. the accounts have not been prep8red in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by ¢harilies. I have no coneerns and have come across no other matters in connection with the examination lo wfiich attentson should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. Casidhe BaleTI For and on behalf of Saffery LLP Midland House 2 Poole Road Boumemoulh BH2 5QY Dale.. 17 December 2025 12-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unro$trl¢t•d Funds General Restrlcted Funds Total 2025 Totsl 2024 Notes Income and Endowmènt$ from: Donations and legacles Charltable actlvities 326,700 34,072 2.466 91,081 417,781 34.072 2.466 342.580 30.067 Inve8tmont• Total Income and endowrnents 363,238 91,081 454,319 372.647 Ex •ndltur• on: Raislng funds Charitable activiti•¥ 24,432 363.769 24,432 455,164 15,415 417,013 91.395 Total èxp•nditur• 388,201 91.395 479,596 432,428 N•t1oxp•ndltur•l I Incom• from aetlvltl•s 124,963) 13141 125,2771 159,7811 Nel l•xp•ndlturn} I Incom• beforn tran•f•r• 124,9631 13141 125,2771 159.7811 Transhrs b•tWoen fundi Net movom•nt In fund$ (24,9631 13141 125.2771 159,7811 Fund balanc•s at 1 Aprll 112,666 3.SS2 116.218 175.999 Fund balances at 31 March 87,703 3,238 90,941 116,218 13-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL POSITION ASAf31 MARCH 2025 2025 2024 Notes Flxed Assets Property. plant and equipment 14 2,832 5.627 2,832 5,627 Current asset$ Trade and other receivables Cash at bank and in hand 15 89,306 125.722 66,989 166,841 215.028 233.830 Llabilltles Currenl liabilities 16 (126,919) {123,2391 Net Current assets 88,109 110.591 Total assets1o88 ¢urront Ilabllltles 90.941 116,218 Net Assets 90,941 116,218 Income fundg Restricted funds Unrestricted funds 18 3,238 87,703 3,552 112.666 90,941 116,218 14-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL POSITION {CONTINUED) AS A T 31 MARCH 2025 The comp8ny is enlilled lo exemption from the audit requirement contained in section 477 of the Companies Act 2006. for the year ended 31 March 2025. No member of the company has deposited a notice. pursuant to section 476, requiring an audit of thesa accounts under the requirements of the Companies Act 2006. The trustees, acknowledge their responsibilities for ensuring that the company keep$ accounting records which comply with section 386 of the Act and for preparing accounts which give a Irue and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure. for the financial year in accordance with the requirements of sections 394 and 395 and which otheThvise comply with the requirements of the Companies Act 2006 relating to 8ccounls, so far as applicablè lo the company. These accounts have been prepared in a¢cordance with the provisions applicable lo companies subj&ct lo the small companies, regime. The accounts e approved by the trustees on 11th December 2025 Mr Colln Bennett, Chalr Company Reglstrallon No. 10638675 15-
PRAMALIFE {CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1 Accountlng poll¢los Company Infonnatlon PramaLife Limited is a charitable company limited by guarantee. incorporated in England and Wales. The registered office is Moran House. 1 Holes Bay Park, Slert8 Avenue Wesl. Poole. Dorset BH15 2AA. 1.1 Ac¢ountSng convontlon These accounts have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. {'FRS 102.), 'A¢counting and Reporting by Charilie5' the Slatemenl of Recommended Practice for charities applying FRS 102. the Companies Act 2006 ad UK Generally Accepted Accounting Practice as it applies from 1 January 2019. The charity is a public benefit entity as defined by FRS 102. The accounts are pPared in slerfing, which is the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded to Ihe nearest £. The accounts have been prepared on the historical cost convention. modified lo include the rèvaluation of certain financial instruments at fair value. The principal accounting policies adopt8d ar& sel out below. PramaLife meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure ex8mplions available to il in accordance WFlh paragraph 1.12 of FRS 102. Exempllons have been taken in relation to presentslion of a cash tlow stslement. 1.2 Golng concern Al the lime of approving the accounts, the trustees having CI$1ded the impact of all risks and have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. There are no material uncertainties about the charily's ability lo continue and thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the Iruslees in furtherance of their charitsble objectives unless Ihe funds have been designated for other purposes. Designated funds comprise funds which have been set aside at the discretion of the Iruslees for specific purposes. The purposes and uses of tho designated funds are set out in the notes to the account5. Reslricled funds are subject lo specific condilions by donors as lo how they may be used. Th8 purposes and uses of the restricted funds are set out in the notes to the accounts. 1.4 Incoming rèsourcès Income is recognised when the charity is legally entitled lo it after any performance conditions have been met, the amounts can be measured reliably, and it is probable thal the income will be received. 16-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles IContlnued} Cash donations are recognised on receipt. Other donations are COgnised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations ceiVed under Gift Aid or deeds of covenant is recognised al the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending dislribulion, the amount is known. and receipt is expected. If the amount is not known the legacy is treated as a conlingenl asset. Grfts in kind and donated facilities are recognised as income, if a valu8 can be reliably measured, at the value to the charity when received. In accordance with the Charities SORP IFRS 1021, no amounts are included in the financial stalemenls for services donaled by volunteers. including professional seryices provided directly by volunteers. Government grants are recogni5ed al the fair value of the asset received or receivable when there is réasonable assurance that the grant conditions will bo met and the grants wll be received. 1.5 Outgolng resources Expenditure is recognised on an accruals basis. Expenditure has been allocated according to the Slalemenl of Recommended Practice'A¢counting and Reporting by Charities,. Resources expended attributable lo each of raising of funds and charitable aclivities are allocated to cost categories for each. Where expenses are attributable lo more than one of these. the cost category is split on th8 basis of estimates by the charity's management. Wages are apportioned based on employees. roles and lime spent. 1.6 Property. plant and equlpment Property, plant and equipment are initially measured at cosl, and subsequentty measured at cost, net of d8pr6cialion and any impairment losses. Items are capilalised when their individual value is greater than £500. Depreciation is recognised so as lo wrbte off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold improvements Café and bar equipment Theatre equipment Office equipment Over 10 years slraighl line, or the remaining temi of the lease Over 5 years straight line Over 5 years straight line Over 3 years straight line The gain or loss arising on the disposal of an asset is detennined as the difference between Ihe sale proceeds and the carrying value of the asset. and is recognised in net incomel{expendilure) for the year. 17-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies IContlnuad} 1.7 Impairment of non<uTfont assets Al each reporting end dale the charity reviews the carying amounts of ils tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset Is estlmated in order to determlno the extent of the impairment loss lif any). Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use the estimated future cash flows are discounted to Iheir presenl value using a pre-tax discount rate that reflects current market assessments of time value of money and the risks specific lo the assel for which the eslimales of future cash flows have not been adjusted. 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short term liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 Other Financial Instruments Issues, ol FRS 102 10 all of its financial instruments. Financial instruments are recognised in the charity's Statement of Financial Position when the charity becom&s party lo the contractual provisions of the instrument. Financial assets and liabiltties are offset. with the net amounts presented in Ihe financial statements. when there is a legally enforceable right to set off the recognised amounts and the is an intention to settle on a net basis or lo realise the asset and settle the liability simullaneously. Bas1¢ flnan¢lal assots Basic financial assets, which include trade and other receivables and cash and bank balances. are measured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement conslilutes a financing Iransaclion. where the Iran5aclion is measured at the present value of the lulure receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are nol amortised. Impalrment of flnan¢lal a$sets Financial assets. other than those held al fair value through income and expenditure. are assessed for indicators of impairment at each reporting end dale. Financial assels are impaired where there is objective evidence that. as a result of one or more events that occurred after the initial recognition of the financial asset, the eslimaled future cash flows have been affected. The impairment loss is recognised in nel incomellexpenditurel for the year. 18-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 counting poli¢ie$ (Continued) Basic financial liabilities Basic financial liabilities, including trade and other payables and bank loans are recognised at transaction price unless the arrangement conslitules a financing transaction. where the debt instrument is measured al the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rale method. Concessionary loans are initially iecognised at the amount received. Subsequenlly Ihe loans af8 adjusted for any applicable repayments or interest. 1.10 Employee benefits The cost of any unused holiday entillemenl is recognised In the period in which the employee's services are recelved. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to temiinate employment of an employee or lo prOve termination beneflts. 1.11 Retlrfrrnont benoflts Payments to defined Contribution Trtirement benefit $¢hemes a charged a$ an expens6 as they fall due. 1.12 Leas•8 Leases are classified as finanee18ases whenever the 18ms of the lease transfer substantially all the risks and rewards of ownership lo the lessees. All other leases are classified as op•raling lea$8$. Assets held under finance leases are recognised as assets al the lower of the assevs fair value al the date of inception and the present value of the minimum lease payments. The related liability is included in the slalemenl of financial position as a finance lease obli9alion. Lease payments are Irealed as consisting of capital and interest elements. The interest is charged lo nel incomellexpendilurel for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability. Rentals payable under operating leases. including any lease incentives received. are charged lo income on a 5traighl line basis over the term of the relevant lease. 2 Crftlcal accountlng estlrnates and Judgernents In the application of the charity's accounting policies the trustees are required lo make judgements, estimates and assumptions about the carrwng value of assets and liabilits'es that are nol readily apparent from other sources. The eslim8les and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. On 23 June 2021, the trustees of the Prama Foundalion considered the extant approach to capitalising assets. 11 was decided that the existing policy of a limit of £250 below which items are not capilalised should be revised to "Items are capitalised when their individual value is greater than £500" This change has been applied to assets purchased during and after the 2020121 financial year. 19
PRAMALIFE {CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 3 Donations and18gacl•s Unrestricted Reslricted Funds Funds 2025 Total 2024 Total Donations and gifts Legacies Grant from parent Charity 251.493 3.207 72,000 91.081 342,574 3,207 72,000 295,036 4,644 42,900 326.700 91.081 417,781 342,580 Year ended 31 March 2024 296.331 46.249 4 Charltabl• actlvltl•$ 2025 2024 Cornmunity bas•d a¢tlvltlo¥: Memory clubs and social groups Neighbourhood Support Schemes 25,090 8.982 21,969 8.098 34,072 30,067 5 Investments 2025 2024 Interest receivable 2.466 6 Ralsln9 funds 2025 2024 Fundralslng and publicity Staff costs 24.432 15,415 -20-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE} NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 7 Charitable activities 2025 2024 Communlty based activities Memory Clubs and social groups Nelghbourhood Support Schemes Thematic projects Staff costs 27.689 5.123 22.367 203,555 33.395 8,148 16,966 191,480 258.734 249,989 Support cos15 {note 81 Governance costs {note 91 192,532 3.898 163,128 3.896 455.164 417,013 Analysis by fund Unreslricled funds- general Reslrlcted funds 363,770 91,394 369,453 47,560 455,164 417,013 8 Support costs 2025 2024 Stsff costs . management and administration Office utilities Insurance Computer expenses Prints'ng, siationery and office expenses Telephone Staff and volunteers - other costs Mlscellaneous expenses Other expenses Bank charges and interest Depreciation 147.489 21,581 1.417 260 3.770 4.332 S,323 4.843 335 387 2,795 137,235 9,240 428 362 3.311 4.278 2.692 2,399 216 402 2,565 192.532 163,128 21-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 9 Governancè costs 2025 2024 Independent examinerfs fees- current year Independent examinerfs fees- prior year Legal and profession81- current year 1.975 360 1.563 1,800 14201 2,516 3.898 3,896 10 Trustees None of the Iwstees lor any persons connected with them) receiv8d any femuneration or expenses during the ourrenl or previous year. 11 Employo&S Number ol employaos The average weekly number of employees during the period was: 2025 Headcount 2025 Full tlffle equlvalonl 2024 Headcount 2024 Full lime equivalent Olher community activities Management and administration 20 12 22 11 14 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 342,189 25.433 7.854 313,856 22,844 7,430 375.476 344,130 The number of employees Nthose annual remuneration was £60.000 or more was nil {2023124= nill. -22-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Net income from actlvltles 2025 2024 Net income from activities is stated after charging: Depreciation Independent Examinels fees 2,795 1,975 2,565 1.800 13 Taxatlon The company is exempl from t8xation due lo its charitable status. 14 Property, Plant and Equlpment Office equipment Total Cosl a11 April 2024 Additions Disposals 8,386 8,386 Cosl al 31 March 2025 8,386 8,386 Depreciation at 1 April 2024 Charged Disposals 2.759 2,795 2.759 2,795 Depreclation at 31 MaTch 2025 5.554 5.554 Nel book value al 31 March 2024 5,627 5,627 Net book value at 31 March 2025 2.832 2,832 15 Trade and other recelvables 2025 2024 Amounts falling due wthin one year. Other receivables Prepayments and accrued income Amounts owed by group undertakings 52.654 30,652 6,000 7,500 59.489 89,306 66,989 -23-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Current liabilities 2025 2024 Trade payables Other payables Amounts owed lo group undertakings 4.079 86,192 36.648 2,421 87,486 33,332 126.919 123,239 17 Pension The company operates a defined contribution scheme. 2025 2024 Contributions paid in year 7.854 7,430 18 Analysls of funds 2024125 - Current Year Movement in fvnds Balance al Income in Expenditure 1.4.2024 year in year Transfers Balance at 31.3.2025 General Funds Unrestricted income fund 112,666 363,238 1388.2011 87,703 Restrlcted funds Sporting memories project Befriending schem8 Valentine Trust WellbeSng Hub 2,441 1,111 (3141 2,127 1,111 15.000 76.081 115.0001 176.0811 3.552 91,081 191,3951 3,238 Total funds 116,218 454,319 {479,596) 90,941 -24-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Anatysls of funds Icontlnued) 2023124 . Prior Year Comparative Movement in funds Income in Expenditure year in year Balance al 1.4.2023 Transfers Balanco at 31.3.2024 Genoral Funds Unrestn'cted income fund 171.136 326.398 (394.8331 9,965 112,666 Restricted funds Sporting memories project Magic table fund Befriending schème Valents'ne Trust Wellbeing Hub 2.630 1.122 1,111 1189) (1.1221 2,441 1,111 15,000 31.249 112.5371 123.7471 {2.463} {7,502} 4,863 46.249 137,5951 {9,965) 3,552 Tolal funds 175,999 372.647 {432,428) 116,218 The transfers from the Valentine Trust and Wellbeing Hub reslricted funds to general funds relate lo an allocation lo cover general fund management cosls as agreed with the funders. The trustees monitor the level of reserves on a regular basis throughout the year and set a target level appropriate to the ¢h8riVs current position and future plans through the annual budgeting process and lo ensure reserves provide for the long term need for working capitsl and to provide for short term fluctuations in income from donations and grants. As a result. Ihe twstees consider il prudent to maintain a minimum reserve of £90,000 in this respecl. Ro$trl¢tod funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on tru51 for specific purposes. Th8 PUTposes for which the restricted fvnds are held are as follows.. a) Sporting Memories project.. This is for Tegular activities to support older peop vtho are lonely andlor isolated or have dementia. bl Magic Table Fund.. This is a fund set up for local people lo donate to for the purchase and maintenance of a "Magic Table" display unit for people with dementia in the Wimbome aa. cl Befriending scheme.. This project supports lonely older people with volunteers. d) Valentine TTUSt- A grant lo fund PramaLife adivities in Poole supporting older people and carers. e) Wellbeing Hub-. A joint project with the NHS and Help & Care to support and signposl adults who need emolional and practical svpport. -25-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Analysls of net assets between funds Unrestricted fvnds Designated fvnds Restricted funds Total 2024125 - Current Year Fund balances at 31 March 2025 are represented by.. Fixed assets Current assets Creditors (amounts fallin9 due within one year) 2,832 211.790 1126,919) 2,832 215,028 1126,919) 3,238 87.703 3.238 90,941 2023124 - Prlor Year Comparatlve Fund balances at 31 March 2024 are represented by: Fixed assets Current assets Creditors {amounls falling due within one year) 5.627 230,467 (123,239) 5.627 233,830 {123,239) 3,363 112.855 3,363 116,218 20 Commllmonts under operatlng loases At the reporting end date the charity had outstanding commitments for future minimum lease payments under nonrycancellable operating leases, which fall due as follows- Office equlpment 2025 2024 Within one year Lease payments recognised as an exp6nse in the accounts 3,780 3,462 -26-
PRAMALIFE (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Related partie$ Control For the perlod followng its incorporalion PramaLife was controlled ultimately by ils founding members. On 8th November 2017 the founding members Iransfeffed their interest to The Prama Foundation which is now the sole member of PramaLife and whose trustees have the power to appoint and remove the board of direcloTS. Transactions During the year no related party transactions o¢¢urred. Other transactions with th& trustees are set out in note 10. 22 Parent company PramaLlfe Llmlled Is a wholly owned subsidiary of The Prama Foundatlon, a Charity registered in the UK. Charity no. 1174197, Company no. 10778305. The Prama Foundatson is the ullimale parenl undertaking of the largest and smallest group of undertakings for which the group accounts are presented. and has included the company in its group accounts, copies of which rnay be obtained from its registered office at Moran House. 1 Holes Bay Park, Slerte Avenue Wesl, Poole, Dorsat BH15 2AA. The principal purposes of The Prama Foundation are the advancement of physical. mental and spiritual health through the provision of care. facilities. services, support and practical advice, lo relieve financial hardship amongst older people and people of any age suffering from a physical or mental illness or disability. -27-