## |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| ||||providing
advice,
information,
educational
support
and
leisure
time
activities
in the
interest
of social
welfare
for| ||||people
living
in the area of benefits
who
need support
by
reasons of youth or disability.| ||||The provision
of relief of poverty
in Ethiopia
by providing
or| ||||assisting
in the provision
of education,
training
and income| ||||generation,
health
care
designed
to enable
individuals
to| ||||generate a sustainable
income.| ||||,
- ~j g-&)| ||||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| |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| ||||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| ||||consistent
with the requirements
ofthe regulatory
bodies including| ||||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| ## ## ##