| ofthe charity trustees | who manage t | he charit | y | |
|---|---|---|---|---|
| Trustee name | Office (ifany) | Dates acted ifnot for whole year |
Name ofperson (or body) entitled to appoint trustee (if an |
|
| Mr Theodros Abraham | 356 Holloway | Road, | Since December | Board ofTrustees |
| Chair Person | London N7 6PA |
2015 | ||
| Ms Mahlet Asrat | Flat 5Broad | oak | Since December | Board ofTrustees |
| Treasurer | House | 2015 | ||
| London | ||||
| NW6 SPA | ||||
| Mr Assefa Negash | 36Princess | Alice | Since December | Board ofTrustees |
| Member | House | 2015 | ||
| Dalgamo Way | ||||
| London | ||||
| W10 5E |
| T | e | ofadviser | Name | Address | ||
|---|---|---|---|---|---|---|
| NIA | ||||||
| Name | ofchief executive or names ofsenior staff members | (Optional | information) |
| e ofchief executive or names of y Gessesse, |
senior staff members (Optional information) |
|---|---|
| ~ a |
R ~ ~ ~ A |
| Description ofthe charity's trusts |
|
| Type ofgoverning document |
CIO Constitution Foundation Model |
| How the charity is constituted | Trust |
| Trustee selection methods | The trustees were appointed by the founders of the charity and the Steering Group. In the future members of new trustees will be selected and approved by the existing trustees. |
| Additional governance issues (Optional information) |
|
| You may choose to include additional information, where relevant, about: |
Essential trustee's guidelines of the Charity Commission was distributed to the charity trustees for their induction and adherence to in the process ofthe discharge oftheir responsibilities. |
| ~ policies and procedures adopted for the induction and training oftrustees; |
Organisational structure of Life Chances is guided by the CIO Foundation Model ofthe Charity Commission. The charity works with relevant statutory and voluntary organisations. |
| ~ the charity's organisational structure and any wider network with which the charity works; .~ relationship with any related |
The organisation has built up partnership working .with relevant statutory and non-statutory organisations including but not limited to Islington Islington borough, Council, Refugee Council, Voluntary Action Islington, Evelyn Oldfield Unit, NHS Camden and Islington, Diabetic UK.etc. |
| parties; | |
| ~ trustees' consideration of major risks and the system and procedures to manage them. |
The trustees adhere to Charity Commission's guidelines (CC26) to manage risks to our charity. The trustees make periodic review of risks associated with governance, operation, finance, external factors and compliance with the law. The trustees therefore have systems and procedures in place to miti ate and manage risks. |
| ~ ~ | |||
|---|---|---|---|
| Summary charity as governing |
ofthe objects set out in its document |
ofthe | The relief ofthe elderly in particular but not exclusively those ofthe Ethiopian refugee and migrant community, who are in need by reason of ill-health, disability, financial hardship or other disadvantage, by the provision of support, information, advice and any activities or services designed to relieve those needs. |
| To act as a resource for young people living in London by |
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| providing advice, information, educational support and leisure time activities in the interest of social welfare for |
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| people living in the area of benefits who need support by reasons of youth or disability. |
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| The provision of relief of poverty in Ethiopia by providing or |
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| assisting in the provision of education, training and income |
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| generation, health care designed to enable individuals to |
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| generate a sustainable income. |
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| , - ~j g-&) |
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| The main activities undertaken by the Life Chances charity during the reporting year remain consistent with the requirements of the Public Benefits guidance of the Charity Commission&~ having only |
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| Summary ofthe main activities undertaken for the public benefit in relation to these objects (include within this section the statutory |
charitable purposes which are the public benefit as Pefined in the Charities Act 2011. Hence, the trustees have had.;-regard to the guidance issued by the commission in regulating and governing the activities of Life Chances. The activities undertaken during the reporting period were therefore consistent with the established objects ofthe organisation as highlighted below: |
||
| declaration | that trustees | have | |
| had regard to the guidance issued by the Charity Commission on public benefit) |
Plannin Activities Based on our established objects and availabilities of resources we planned our annual activities at the start ofour reporting year by involving our trustees, volunteers and our project steering group. Time and resource bound tasks were assigned to our volunteers and staff to be undertaken. The director |
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| took the responsibility to organise, plan, supervise and manage the day to day activities of the organisation. Our~our'trustees met every quarter on the zoom to govern operation of the organisation |
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| consistent with the requirements ofthe regulatory bodies including |
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| the Charity Commission. |
| Signed | |||||
|---|---|---|---|---|---|
| Name | $~~SR'hg ~ | ||||
| Relevant | professional | ||||
| qualification | or body (if | ||||
| an ) | |||||
| Address | |||||
| g. gH6g0808%I:0 | |||||
| 123' | ANSERLE'II' | RIAL | |||
| ENFIELD | NIIBOLESEI4l | ||||
| E81 | ERA, | ||||
| )EL: 029 | 9360 | 9776 |
| For | The year ended | 31December | 2022 | ||||
|---|---|---|---|---|---|---|---|
| Notes | Restricted | Unrestricted | Total | Total | |||
| income | funds | funds for | funds | ||||
| funds | Year | for | |||||
| ended 31 | Year | ||||||
| December | ended | ||||||
| 2022 | 31December | 2021 | |||||
| Incomin | Resources | ||||||
| Grants | 19,264 | 5,000 | 24+64 | 38,984 | |||
| Donations/Collections | 1,680 | 1,680 | |||||
| Bank Interest | |||||||
| Other | |||||||
| Total Incoming | 20,944 | 5,000 | 25,944 | 38,984 | |||
| Resources | |||||||
| Resources | ex ended | ||||||
| Direct charitable | 17,828 | 17,828 | 26@75 | ||||
| ex enditure | |||||||
| Indirect | 1,597 | 666 | 2,263 | 2,924 | |||
| management | and | ||||||
| administration | |||||||
| expenditUre | |||||||
| Summary | ofTotal | 19,425 | 666 | 20,091 | 28,848 | ||
| Resources | Ex ended | ||||||
| Net incoming | |||||||
| resources | 1,519 | 4+34 | 5,853 | 10,136 | |||
| Transfer ofFunds | (184) | (184) | (246) | ||||
| (Depreciation) | |||||||
| Balance b/f 31 | 31/37 | 4,150 | 35+87 | 25,497 | |||
| December | 2021 | ||||||
| FUNDBALANCE | 32,756 | 8+00 | 41,056 | 35,387 |
| Restricted | Unrestricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | Year end | Year end | |||||
| 31December | 31 | |||||||
| 2022 | December | |||||||
| 2021 | ||||||||
| London Pro'ects: | ||||||||
| Cripplegate Foundation Islington Community Chest BBC Children In Need Coudesley Trust National Lottery total |
0 6,000 3,264 10,000 0 19,264 |
0 | 5,000 0 0 0 5,000 |
0 | 5,000 6,000 3,264 10,000 24,264 |
0 0 10,000 10,000 10,000 30,000 |
||
| S/Total | 19,264 | 5,000 | 24/64 | 30,000 | ||||
| Total Grant | 20+44 | 5,000 | 25+44 | 38+84 |
| IN | DIRECT MANAGEMENT AND A |
DMINISTRATION EXPENDI |
TURE |
|---|---|---|---|
| Total | Total | ||
| Year ended | Year ended | ||
| 31December | 31December | ||
| 2022 | 2021 | ||
| Coordinator | 1(20%) | 1,194 | 1,291 |
| Coordinator | 2(20%) | 408 | 312 |
| 2 Session Workers (20%) | 542 | 812 | |
| Stationery | (10%) | 86 | 41 |
| Audit Fees | (10%) | 15 | 15 |
| Proportion | of Venue Rent (10%) | 18 | 12 |
| TOTAL INDIRECT | 2,483 |
| SUM | MARY OF T | OTAL RESOURCE | S EXPENDED | |||
|---|---|---|---|---|---|---|
| Staff | Other | Total | Total | |||
| costs | costs | Year | Year | |||
| ended | ended | |||||
| 31Dece. | 31 | |||||
| 2022 | December | |||||
| 2021 | ||||||
| Direct charitable | expenditure | 10,722 | 7,106 | 17,828 | 17,541 | |
| Management | and | administration | 2,144 | 119 | 2,263 | 2,924 |
| 12,866 | 7,225 | 20,091 | 20,465 |
| Total | Total | |
|---|---|---|
| Year | Year | |
| ended | ended | |
| 31 | 31 | |
| December | December | |
| 2022 | 2021 | |
| No. | No. | |
| Number ofpersons employed | 04 | 04 |
| UK Staffcosts during the year: | 12,866 | 12,024 |
| Computers/ | Filing | Chairs | Tables | Projector | White | Total | |||
|---|---|---|---|---|---|---|---|---|---|
| Printers | Cabinet | Board | |||||||
| COST: | |||||||||
| At 31 DECEMBER | 736.50 | ||||||||
| 2020 1 | April 2021 | 736.50 | |||||||
| DEPRECIATION: | |||||||||
| Charge foryear* | 184 | 0 | 184 | ||||||
| At 31 |
December | 184 | 0 | 184 | |||||
| 2022 | |||||||||
| NET | BOOK | 552 | |||||||
| VALUE | at 31 |
||||||||
| December 2022 |
| 15. ANALYSIS OFF |
IJND BAIANCKS BET | WEEN NKT A | SSETS | |
|---|---|---|---|---|
| General funds, |
Designated funds |
Restricted funds |
Total Funds |
|
| Fixed assets | 0 | 552 | 0 | 552 |
| Cash at bank Cash in hand |
7,748 0 |
0 0 |
32,806 100 |
40,554 100 |
| Current liabilities | 0 7,748 |
552 | (150) 32,756 |
( 150) 41,056 |