Ignlte Life Financial Stalemonts Ye8r ended 31 December 2024 Page Trustees. annual report lincorporaling the diredors, report) Independenl examinerfs report lo the trustees Slatem6nt of financial activities (Induding incorne and expendlture account) Slalemenl of financial position Statement of cash flows Nol&s to tha financial slaternents -12 Ignite Life Trustees, Annual Reportllneorporatlng tho Dlr#etor&' Rèport) Year •ndéd 31 Dècomb•r 2024 The trustees. who are also the dir8¢tors for the purposes of company law, present their report and the financial slatemants of the alarity for the year ended 31 December 2024. Referèncè #nd administrative details Registered charity name Ignite Life Charlty reglstratlon number 1181408 Company reglstrallon number CE016083 Principal office and reglstsrad offlc• Unil 8 Bridge Road Kingsw¢)od BRISTOL BS15 4FW The trustses W Cockram E Pedler lappoinled April 20241 SK Hoskinson (appointed April 20241 SA Mansfield (resigned April 20241 D Ev8ns (resigned June 20241 A Tomsa RBery C Davies Independent examlner D Boulton gnite Life Tru$t88s' Annual Report Ilncorporating the Directors, Reportl (continued) Yaar ended 31 December 2024 structurei govérnance and manogémènt The Ignite Life is a registered charity (number 11814081 governed by its Memorandum and Artides of Association. Trustees are the people responsible for controlllng the work, management and administration of the charity on behalf of its benefldarios. Generally Iwslées ara tr8asurer, chair. board member elc. Charltabl8 objects and aetivlties To Act As A Resource For Young People Up To The Age Of 2S Living Throughout England And Walos By Providing Advice And Assistance, Organising Programmes Of Physical, Educ>lional And Other Activities And Providing Grants As A Means Of.. IA) Advancing In Ufe And Relleving The Needs Of Young People By Developing Their Skills, Capacities And Capabililles To Enablè Them To Participate In Society As Independent. Matufe And Responsible Individuals',181 Advancing Education,. ICI Relieving Unemployment., IDI Providing Reueational And Leisure Time Activity In The Interests Of Social Welfare For People Living In The Area Of Benefit Who Have Need By Reason Of Their Youth, Age, Infirmity Or Disability, Povety Or Social And Economic Circumstances With A View To Improving The Conditions Of Life Of Such Persons. IE) Promaling And Preserwng Physical And Mental Health IF) Promoting Social Inclusion For The Public Benefit By Preventing Young People From Bècoming Soaally Excluded. Relieving The Needs Of Those People Who Ar6 Socially Exduded And Assisting Thern To Integrate Into Society. For The Purpose Of This Clause'socially Excluded, Means Young People Who Are Being Excluded From Society, Or Parts Ofsociety, As A Result Of One Of More Of The Following Factors.. Unemployment,. FinanrAal Hardship., 111 Health (Physical Or Mentall.. Substance Abuse Or Oependency Induding Alcohol And Drugs.. Relationship And Family 8reakdown,' P¢x)r Housing (That Is Houslng That Does Not Meet Basic Habitable Standards,. Crimo (Either As A Vlcllm Of Crime Or As An Offender Rehabilitating Into Society),. Youth., Race- Gender.. Poor Edu¢81ional Or Skills Attainment., Disability.. Ethnic Origin., Or Mtho Ara Within, Or Have Experienced, The Public Care Or Penal System. Rlsk management The Trustees have Idenlifled the majorrisk towhlch tho charity is exposed as being the neod lo raisa sufficient income lo cover management costs. These risks have been addressed by focusing on additional fundraising from trusts. foundations, corporates. indiwduals and by ¢ontinuing to hold sufficient fijnds lo cover ¢0sts. Strntegic report The following se¢tlons for achievements and performance and finanaal review form the 8lralegic raport of the ch8dty'. Achievements and perfo￿anCe Ignite Life acts a$ an agent for social change, to prornole, advance in Ilfo, provida for relieve the needs of young people for the public benefit, with a spe¢lfi¢ focus on enhancing the social, physKal and mental well-being of soc4ally exduded young people, and Ihosa in danger of becoming socialty excluded young people, in England and Wales. Tho companles, trusts. special Indlvidual supporters and statutory bodl•8 thatfunded our work nat Ilmlt•d tol Companlès Trusts and foundatlon$ Burges Sglmon Th& Foyle Foundation Porto Lounge The Nisbet Trust Roadworthy The Pixel Fund Greenbank Inve51mants The Garfield Weston Foundation Quartet Foundation Statutory bodies South Gloucestershire Council Ignite Life Trustse8' Annual Roport Ilncorporating the Directorfs Reportl (¢ontsnuedJ Year ended 31 December 2024 Financial review Income Irorn Corporate subscriptions Increased during 2024 by raising income from individual subscriptions and phi18nthropic donations. The fund inflow was £140,295 {2023'. £234,949). Plans for futurè p¢rfods The Tru8lees plan lo contsnue to expand the reach and 8¢1fvi1S8s of Ihg tharity in 2025. Reserves will be maintained al a prudent level consislént with that growth. Trust•as' responsibilities ststsmènt The trustees, who are also dlre¢lors for the purposes of company law. are responslble for preparfng the trustees, report 8nd the finanaal statements In accordance with 8ppllcable law and United Kingdom A¢¢ounling Standards (United Kingdom Ganorally Accepted Accounting Praclicel. Cornp8ny law raquires the charity Iruslees lo prepare fjnancial statements for each year which give a true and fair view of the stale of affairs of the charitable cornpany and the incoming resour￿$ and appllcalion of resources, including the income and expenditure, for that period. In preparing these flnan¢ial statements. the Iru8tées are required lo.. select 8uitsblo ac¢ounling poliaes and then apply thèm ¢onsistèntly'. observe the methods and prinaples in Ihe applicable Chafilies SORP., mak8 judgments and accounting eslimatos that are reasonable and prudent,. prepar8 thè flnancial statements on the going ¢on¢arn basis unless it is inappropriate lo presume that the charity will continue in bu81ness. The Irusloas are responsible for keeping 8dequale accounting records that are sufficAenl lo show and explain the charity's transactions and disclose with reasonable accuracy al any dme tha finan¢l81 position of the charity and enable them lo ensure that the financlal stalemet)ts comply with the Companies Act 2008. They are also responsible for safeguarding the assèts of the charity and hence for taking reasonable steps lor the p￿VentioN and dete¢tSon of fraud and other irregulariti'es. W Cockram E Pe¢Jler Date 2211012025 Dale 2211012025 SK Hoskinsoi ¢&&kL . Date 2211012025 A Tomsa D8la 2W1012025 R Berry C Davies Date 2211012025 Date 2211012025 Ignite Life ITKlèp•ndent Examlnevs Report to Trustees of Ignlte Llle Year andèd 31 Décèmber 2024 I report on the financial statements of the Charitable Company for the year ended 31 De¢ember 2024. which ¢omprise the Statement of Financial Activities, the Balan¢e Shèet, the Siatemenl of Cash Flows and the related nolas numbers 1 to 8. Respective respon8lbllltl•s of Trustees and Examlnèr The charitys Trustees land the Directors of the Company for the purposes of company lawl are responsible for the preparation of the financial slalements. The charity's Trustees consid8r that an audit is not required for this year lundar section 144 of the Charities Act 2011 (the 2011 Act} and that an independent examination is needed. It Is my responsibility lo.. examine thg financial slalemenls (under section 145 of the 2011 Acll. lo follow the procedures laid down in the General Directions givèn by the Charity Commi83ioner8. (Lmder section 145151 of the 2011 A¢l},' and to stsle whether particular matters have come lo my attention. Basts of indepèndént examinerfs report My examination was carried out in a￿ordanCe with the General Dir8clions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a ¢omparison of the financial statements presented with those records. It also includes consid8ration of any unusual items or disclosur85 in the financial slalernents and seeking explanations from you as Trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do nol express an audit opinlon on tho view given by the financial statements. Independent •xamlnerfs statemont In connection with my examination, no Matt￿ has come to my attentlon: {1) which gives me ￿aSOnable cause lo beli￿* that. in any matellal respect, the requirements-. lo keep accounting r8¢ords in aCC￿ance wllh section 130 of the 2011 Act and 8e¢tion 386 of the Companies Act 2006", and lo prepare flnanaal slalernents whlch a¢xord wilh the accounllng records, com with Ihe accounting requirements of the 2011 Act, section 396 of the Companies Act 2006 and with the methods and piinciples of the Staternent of Recommended Practice.. Accounting and Reporting by Chatiliès have not been m81., or 121 lo which. in my opinlon, attents'on should be drawn in order to enable a proper underslandlng of the financial statements lo be reached. Oebbie Boullon Dale: 1¢11012J25 Ignlte Life ststèment of Flnancial Activities Ilncludlng income and expenditure accounti 31 December 2024 2024 Re8lricled Funds 2023 Reslricled Funds Unreslricled Funds Unrestricted Funds Total Funds Totsl Funds Income Donation3 and legacies 27,588 88.451 116,037 1.673 201.215 202.888 Corporate subscriptions Local Authority subs¢riplions 19,095 19,095 19,740 19.740 10 500 510 Events activities 315 315 12.150 12,150 Miscellaneous & Bank interesl 4,148 190 4.338 67 171 Totsl Income 51,164 89.141 140,29S 21,480 213,469 234.949 Ex endituro Management and govemanca costs Note 4 Expenditure on charitable actiwties (Note 42,182 42.182 45,164 4S,164 13.803 69,397 83,200 16,085 68.665 84,750 De reciation Total ex èndlture 3,102 13,803 114,681 128,484 16.085 116.931 133,016 Net Income Transfers between fund5 Net movèmtnt In fund$ 101933 Total funds brou ht forward Totsl funds ¢arrled forward 14,643 177.314 191,957 9,248 80.776 90,024 51,994 151,774 203,768 14,643 177,314 191.957 The stalernenl of tln8n¢ial acti￿tieS include8 all galns and losses recognisad in the year. All income and expenditure derive from eA)n*'nuing actiMIi&s. Tha notes on pagès 8 to 12 fomi part of these ftnancial statements Ignite Life ststement of Flnanclal Posltlon 3100¢omb¢r 2024 2024 2023 Note Current assets Fixed assal 15.512 Depreciation on FA 115,1941 318 3,420 Cash at bank and in hand 206,254 189,219 P￿payMentS 495 495 Creditors.. amounts falling due within one year 13,2991 (1.1771 Net assets 203,768 191,987 Fund¥ ol the ¢harlty Restricted funds Unrestrictèd funds 151,774 51,994 177,314 14,843 Total charlty funds 203.768 191.9S7 For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relatlng lo small cornpanies. The directors acknowledge thèir responsibilities for complying wlh the requirements of the Companies Act 2006 with respect to accounting records and the preparats'on of financial statements. The rnernbers have not reqUI￿d the company lo obtain an audit of Ils financial slalemonls for the year Sn quesllon In a¢cordanc& with section 476. Thes¢ financial statements have been prepared and deliVe￿d in accordance with the provisions aPpI￿able lo companies subject to the small companies, r8gime. Th8$8 financial stsleménls were approved by the board of trusteas and authorised for issue and are signed on behalf of the board by.. W Cod(ram E Pedler Dale 2211012025 Dale 22110t2tr25 SK Hoskinson A Tomsa Dale 2211012025 Dale 221101202S RBerryft C Davies Date 221101202 Dale 221101202S The notes on pages 8 to 12 fom) part of th8s• flnan¢lal statem¢nts Ignite Life statement of Cash Flow¥ Year ended 31 De¢èmbèr 2024 2024 2023 Cash flows from operating activltles Net income Iless bank interest) 7,471 101,989 Adjustment for Fixed asset additions Depreciation of tangible fixed assets Other interest receivable and similar inctsme 3.102 3.102 Changes in.. Stock. trade and other debtors Trade and other creditors 2,124 S45 Cash generated from operations 12,697 I0S,S36 Interest received 4,338 44 Nel cash from operating activities 17,03S 105,580 Net increase in cash and cash equivalents Cash and cash equlvalents at beginning ol year Cash and cash equivalents at end of year 17,035 IOS,S80 189,219 83,639 206.2S4 189,219 Tho not•$ on pagés 8 to 12 fomi part of these flnanclal statements. Ignite Life Notes to the Flnanclal Statèments Year ended 31 December 2024 General Infomiatlon This ¢harity was registered on 0310112019 {Number 11814081. The address of the reglslered office Unit 6 Bridge Road King8wood Bristol, BS15 4FW. stst8m•nt of compliarKe These financial statements have been prepared in compliance with FRS 102. 'Th8 Financial Reporting Standard applS¢able in the UK and the Republic of Ireland., the Statement of Recornmended Practice applicable lo charilies preparing their accounts in ae¢ordance with the Financial Reporb'ng Slandafd applicablè in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 ar￿ the Charities Act 2011. Accounting policies Basls of preparatlon The financial slalements have been prepared on the Accrual basis. The financlal slalements are prepared in sterling, which is the functional currency of the enllty and rounded lo the nearest £. Golng coneorn Ther& are no material uncertainlles about the Cha￿ty'S ability lo continu8. Fund accountlng Funds héld by the charity are either.. Unrestricted funds- these are funds which can be used in accordance with the charitable objec18 al the discretion of the Trustees, ef which somo are designated for specific purposes. but not irrevocabty. Restricted funds- Ihe8e are funds Ihal <>n only be used for particular restricted purposes within the obj'ects of the ¢h8rity. Restrictions arise when specified by the donor. These funds are elther endowments Icapilal base mainlalned} or re6lri¢led incom8 Ilhe antire fund may be uséd for the restricted purposel. FSx8d assets Fixed a55ets ara stated at cost less acLumulaled depreciation. Depreciallon 18 charged to the in¢omé and expenditure acojunl over S years using the $lraighl-line method. Incoming re¥ourcas All incomiro resources am Included in the stalemenl of ffnancial actiwlies when enlillemenl has passed lo th6 charity.. it is probable that the econornic benefll8 assodaled with the Iransactlon wlll flow lo the charity and the arnounl can be rellably measured. Thg following specific polici9$ are applied to particular categories of income.. income from donations is re¢ognised wh¢n there is evidence of enlillemenl lo the gift, receipt is probable, and its amount can be measured reliabty. income from donated goods is measured al the fair value of the goods unless this is impractical lo measure reliably. in which case the value Is derI￿d from the ¢osllo the donor orlhÈ eslimaled resale value. Donated f8alities and seNces are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Ignite Life Notss to the Financlal Stateménts (continued) Year •nded 31 Oocember 2024 Accounting policies (conlinu8dJ Financial instruments A financial asset or a financial liability 18 recognised only when the charity becomes a paty lo the contractual provi8ions of the inslrumenl. B85i¢finanaal instruments are initially recognised al the amounl rèceivable or payable including any related transaction ¢osts. Cuirent assets and current liabilities are Subsequent￿ measur¢d at the cash or other consideration expected to be p8rd or received and not discounted. Dèbt instruments are Subsequently measured al #mortised cost. Where invastments in shares are publidy traded or their falr valve ¢8n otherwise be measured reliably, the inveslment is subsequently measured at fairvalue with changes in fair value re¢ognised in incorne and expenditure. All other such investments are subsequenlty measured at cKJst less impairment. Olher financial instruments, Including derivatives, are initially recognis8d .at fair value. unless payment for an asset is deferred beyond norrnal businéss tems or financed al a rale of inlerèsl that is not a rnarkel ratè, in which case thé asset is measured at the present valué of the fijture payments discounlad al a market rale of intèresl lor a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the stalernent of financial activities. wth the exception of hedging instruments In a designated hedging relationship. Financial assets that are measured al cost of amortisad cost are rewewed for objecuve evidence of irnpaimienl al the end of each reporting date. If there is objective evidenca of impairment. an irnpairmenl loss is recognised undor the appropriate heading in the slalement of financAal activities In which the initial gain was recognised. For all aquity instruments regardless of significance, and olhor financial assets that are individually significant, these are assessed individually foi impairment. Other financial assets are gilher asse88ed indiwdually or grouped on tho basis of similar credit risk charaderistics. Any reversals of irnpaim)ent are recognised immediately, lo the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaimienl not previously been recogni5ed. Ignite Life Notes to the Financial Statements (continued) Year tndèd 31 December 2024 Anal sls of ex endlturè on managèmènt and 2024 overnance costs 2023 Dlanagemtnt costs of servicing the haritsble actlvltles Management costs of sérvlclng tha charltable actlvltle* Particularg Governance osts Governance costs Marketing Travel & subsistence 12 193 42 320 Insurance 1,380 362 1,043 173 Accounting Subscriptions Temporary staff Miscellaneous expenses Repairs & maintenance Website development Salaries 181 180 7,011 133 1.240 236 4.000 907 323 37,514 892 25,S45 S,659 45.164 Nl & pensions 42.182 io- Ignite Life Nots$ to the Flnanclal Statements (continued) Year ended 31 Decernber 2024 Expenditur• on charitable actlvltles 2024 Unrestricted Funds Restricted Fund8 Total Funds Mentoring & counselling Food senfice 45.985 21,212 2,200 45.985 21.212 2,200 Event activitie5 Cooking workshop Crossfit 13,803 13.803 13.803 83,200 69,397 2023 Unrestricted Funds Restricted Funds Total Fund5 Mentoring & counselling Food service Event activities 31,755 30,239 6,267 404 31,75S 30,239 6.267 404 Cooking workshop Crossfit 16,08S 16.085 16,085 84,750 68.665 Trusts$ romuneratlon. eX￿nSeS and rèlatèd party transactions None of the trustees have been paid any remuneration or received any other benefits from employment wlh the charfty or a related entity. in both the current and precedlng perlods. Cred5tors 2024 2023 Accruals Pension 635 288 Social security 2,664 3.299 833 1,177 li- Ignite Life Analysls of charltable fund$ Funds At1Jan 2024 Income Expenditure Transfers At31 Oec 2024 Restricted 177.314 89,141 114,681 151.774 Unrestricted 14,643 51,154 13,803 51.994 191.957 140.295 128,484 203.768 12- ## **Trustees’ Annual Report for the period** ## **From 1 Jan 2024 Period start date To 31 Dec 2024 Period end date** ## **Charity name: Ignite Life Limited** ## **Charity registration number: 1181408** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To Act As A Resource For Young People
Up To The Age Of 25 Living Throughout
England And Wales By
Providing Advice And Assistance,
Organising Programmes Of Physical,
Educational And Other Activities
And Providing Grants As A Means Of: (A)
Advancing In Life And Relieving The Needs
Of Young People By
Developing Their Skills, Capacities And
Capabilities To Enable Them To Participate
In Society As
Independent, Mature And Responsible
Individuals; (B) Advancing Education; (C)
Relieving Unemployment;
(D) Providing Recreational And Leisure
Time Activity In The Interests Of Social
Welfare For People Living
In The Area Of Benefit Who Have Need By
Reason Of Their Youth, Age, Infirmity Or
Disability, Poverty Or
Social And Economic Circumstances With
A View To Improving The Conditions Of
Life Of Such Persons.
(E) Promoting And Preserving Physical And
Mental Health (F) Promoting Social
Inclusion For The Public
Benefit By Preventing Young People From
Becoming Socially Excluded, Relieving The
Needs Of Those
People Who Are Socially Excluded And
Assisting Them To Integrate Into Society.
For The Purpose Of This
Clause 'Socially Excluded'
Means Young People Who Are Being
Excluded From Society, Or Parts Of
Society, As A Result Of One Of More Of
The Following Factors: Unemployment;
Financial Hardship; Ill| |||Health (Physical Or Mental); Substance
Abuse Or Dependency Including Alcohol
And Drugs; Relationship
And Family Breakdown; Poor Housing
(That Is Housing That Does Not Meet Basic
Habitable Standards;
Crime (Either As A Victim Of Crime Or As
An Offender Rehabilitating Into Society);
Youth; Race; Gender;
Poor Educational Or Skills Attainment;
Disability; Ethnic Origin; Or Who Are
Within, Or Have Experienced,
The Public Care Or Penal System.| |---|---|---| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|•
Mentoring
•
Counselling.
•
Food support| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Trustees have regard to the Charity
Commission guidance on public benefit
when considering projects to support
(including but not limited to the Covid-19
specific guidance).| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|n/a| |Policy on social investment
including program related
investment|Para 1.38|n/a| |Contribution made by
volunteers|Para 1.38|Ignite Life’s food bank and food delivery
service is supported by a team of around
17 part-time volunteers. Their roles include
opening and closing the food bank,
managing the food bank, supporting
service users and managing stock.
Ignite Life also provides a range of
supported volunteer programmes for young
people to help advance their work based
and social skills. This includes within our
food bank, budgeting and purchasing
stock, collecting donations, supporting with
social media content, and more. Ignite Life
has one part-time permanent volunteer
who supports with charity admin.| |Other||n/a| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|From Jan 2024 – December 2024, the
charity has:
ØProvided 546 hours of mentoring
support which includes meals,
activities, tuition, access to sport,
wellbeing check ins, life changing
opportunities, and more.
ØProvided 651 1:1 counselling
sessions to 90 young people. Of
which the majority received 7 weeks
of sessions and others received 12-
18 weeks.
ØSet up a new student counselling
programme at the end of 2024 and
enrolled two new student
counselling who, in December
2024, provided 3 counselling
sessions.
ØContinued to support families in
food poverty with our no-referral
needed food bank. We supported
on average 105 households per
week with food.
ØLaunched a new recipe box service
which provided families with a
weekly box of 4 recipes and
ingredients for a family of 4 (totalling
to 16 meals) and each box could be
replicated for £30 making each
meal £1.87.
ØProvided a cooking workshop for 5
families.
ØLaunched a new garden project
where young people helped to
design and restore an unused and
overgrown green space. We had
teams of corporate volunteers
support with ‘clear up days’.
ØProvided ‘mini’ trips for groups of
young people which included zoo,
go karting, farms, cinemas, and
more.| **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|Our mentoring service has supported in
advancing life and relieving the needs of
young people by developing skills, raising
aspirations, confidence and self-esteem.
Our mentoring, during 2024, has helped
young people to advance in education and
supported with the educational gap as we| |---|---|---| |||provided support during the school
holidays. Our mentoring also helped
young people transition from school to
college, we provided travel training to those
with anxiety and challenges to increase
confidence. Mentoring also supports young
people to advance in life by relieving the
needs of young people by developing skills
(both vocationally and socially), capacities
(by reaching life skills and social skills as
well as educational and work-based skills)
and capabilities (by providing life changing
opportunities which support to broaden
experiences.
Our counselling service has supported the
mental health and wellbeing of young
people in our community. Positive mental
health supports young people advance in
other aspects of life and our counselling
programmes have created positive long-
term outcomes for young people.
Our food support service has expanded to
better support our community in relieving
unemployment and promoted social
inclusion for the public benefit by working to
prevent young people from becoming
socially excluded.| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|Ignite has continued to fundraise
successfully to ensure continuation and
expansion of services to meet community
needs. In 2024 we recruited and hired a
full-time fundraising manager.| |Investment performance
against objectives|Para 1.41|**n/a**| |Other||**n/a**| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|In the 12 months to 31stDecember 2024,
the charity had a total income of £138,547
and expenditure of £128,486.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Given our objectives of supporting young
people reach their potential through holistic
support services, our reserves policy aims
to ensure our work is protected from the
risk of disruption at short notice due to lack
of funds, whilst at the same time ensuring
we do not retain income for longer than
required.
We have based our projections for the
appropriate number of reserves we require
on the basis of estimated running costs for
3 months. However, we operate on a model
which makes no financial commitment
until funding is secured, therefore, our risk
is relatively low in terms of an unforeseen
drop in income. Therefore, our reserves
policy outlines the exceptions allowed for
going below our reserves if spending is
required for unforeseen maintenance costs.| |Amount of reserves held|Para 1.22|£20,869.39| |Reasons for holding zero
reserves|Para 1.22|n/a| |Details of fund materially in
deficit|Para 1.24|n/a| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|n/a| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Principal source of funds secured from
grants and charitable trusts.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|n/a| |A description of the principal
risks facing the charity|Para 1.46|n/a| |Other||n/a| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Apart from the first charity trustees, every
trustee must be appointed for a term of
three years by a resolution passed at a
properly convened meeting of the charity
trustees.
In selecting individuals for appointment as
charity trustees, the charity trustees must
have regard to the skills, knowledge and
experience needed for the effective
administrationof the CIO.| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|n/a| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|n/a| |Relationship with any related
parties|Para 1.51|n/a| |Other||n/a| ## **Reference and Administrative details** |Charity name|Ignite Life| |---|---| |Other name the charity uses|| |Registered charity number|1181408| |Charity’s principal address|Unit 6 Bridge Road
Kingswood
Bristol
BS15 4FW| ||| **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Wayne Cockram|||| ||Richard Berry|||| ||Chris Davies|||| ||AdyTomsa|||| ||Ella Pedler|||| ||Sarah Hoskinson|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** As above Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |n/a||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets n/a held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| **Name of chief executive or names of senior staff members (Optional information)** Bethanie Cundy, Chief Executive Officer (volunteer) ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details n/a ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Wayne Cockram **Position (eg Secretary,** Chair **Chair, etc) Date**