## **Power to Live Foundation Trustees’ Report of Activities for year ended 30th April 2024 and**
**Financial Statements for the year ended 31 January 2024.**
**Charity registration number: 11819**
## **Contents**
|**Administrative Information**|**3**|
|---|---|
|**Purpose and Aims**|**3**|
|**What Needs Are We Addressing?**|**4**|
|Our Unique Approach|4|
|Donations:|4|
|Collaborations:|4|
|**Our Impact 2023**|**5**|
|**What is the client’s journey?**|**6**|
|**Who used and benefited from our service?**|**7**|
|**How Do Our Activities Deliver Public Benefit?**|**10**|
|Samples of Client Feedbacks|10|
|**Financial Statements for the Year Ended 31 January 2022**|**Attached**|
2
## **Administrative Information**
Charity Name: Power to Live Foundation Charity registration number: 1181997 Operational address: Westgate Chambers, 8a Elm Park Road, Pinner, HA5 3LA
## **Trustees**
Ms Tien Kuei Mr George Panayiotou Ms Olivia Gray Miss Raveen Bains
## **Management Committee**
Ms Tien Kuei CEO Kelsey Wiemer Clinical Director Raveen Bains Head of Fundraising, Strategy and Campaign Kevin Sallows Finance Officer Jacqueline Thorne Operations Manager
## **Bankers**
**Charities Aid Foundation** Bank 25 Kings Hill Avenue, Kings Hill Kent ME19, 4JQ
## **Accountant**
**Morgan Berkley** , Westgate Chambers, 8a Elm Park Road, Pinner, HA5 3LA
## **Purpose and Aims**
Our charity’s purpose as set out in the objectives of the Foundation’s Constitution is to benefit the public in the UK by:
1. Providing evidence-based behavioural treatments to clients with no or low income in socially deprived communities.
2. Supporting the advancement of evidence-based behavioural treatment by (but not limited to) training psychotherapists in these approaches, in order to provide subsidised treatment to the population group stated in object 1.
The aim of our charity is to provide relief from mental distress and social isolation for people with psycho-social difficulties, and ensure that they are integrated into their communities, and feel valued and respected.
3
## **Our Unique Approach**
Growing evidence shows the efficacy of third-wave CBT approaches such as Acceptance and Commitment therapy (ACT), process-based psychotherapies, and neuro-behavioural interventions in treating anxiety, depression, and complex trauma. Although IAPT services provide first-wave CBT treatment, NHS mental health trusts are yet to catch up with the evolving field, specifically the third and fourth waves, which adopt primarily behavioural approaches that focus on changing behaviours rather than change how you think. Apart from the NHS IAPT services, not many services offer robust, cost-effective behavioural therapy. Private services for CBT and behavioural approaches are expensive to self-fund and are therefore not an option for low-income groups.
## **Donations:**
This year we received £5000 from The Amaryllis Fleming Foundation and £5000 from our trustee George Panayiotou.
Our Head of Fundraising Ravaeen Bains made an heroic effort and raised more than £12,000 for us, half was matched by Microsoft Benevity charity scheme.
## **Collaborations:**
We have renewed our collaboration with the Department of Environment, Food and Rural Affairs (DEFRA) to receive referrals to treat care-experienced young adults currently working with DEFRA. We already have a collaboration with Drive Forward Foundation to receive referrals for the care-experienced young adults they work with. This client group has complex attachment trauma and needs, so this means we expanded our paid senior therapist team, who are all qualified CBT therapists to train in trauma informed treatments.
4
**Our Impact**
||**End of April 2023**|**End of April 2024**|
|---|---|---|
|**Number of Clients**
**assessed**|**125**|**218**|
|**Number of Therapists**|**14**placement therapists|**20**placement therapists|
|**Waiting time**|**6 weeks**|**1 week**|
|**Therapy Capacity**|**56**clients a week (minimum) can
receive treatment|**96**clients a week (minimum) can receive
treatment|
|**Total no of sessions**|**1608**|**2308**|
|**Senior Therapist Team**|**EIGHT**senior therapists -
**TWO**more qualified therapists were
selected to join our senior team.|**FOUR**senior Therapists
Senior team moved into paid positions
with other organisations.|
|**Supervision**|**THREE Supervisors**covering the whole
team|**THREE Supervisors**covering the whole
team|
|**In-person Therapy**||We have a full time clinic room at
Longcroft House, EC2M 4NS near
Liverpool Street station. Now we will build
on increasing our in-person treatment
offerings..|
|**Social Connection Group**
Building a connected
community.|**Social connection group**started in
February 2023, holding**THREE**
**meetings a month**. This group is
promoted on meetup.com to be open
to all and also promoted to clients that
have completed treatment with us so
they can continue to be supported
within the P2L community.|We are focused on expanding our
in-person social groups and phasing out
the online groups.|
|**Team Expansion**|**Finance Officer**appointed as a paid
role.|We appointed another Finance Officer,
Kevin Sallows to join our team.|
|**Finance**|**Individual client Invoicing system**|**Subscription model** - clients pay for
sessions weekly for 13 weeks via DD.
This has reduced our admin for invoicing
and credit control, and also improved
client commitment to attendance.|
5
Care Pathway
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## **Who used and benefited from our service?**
P2L has been able to provide minimum-cost therapy to 55.7% of clients with income below £25,000 referred to our service over the past year. 35% belonged to the no income to lower income category as they either were not in paid employment or were receiving benefits or within the low-income category. A total of **95%** of our clients have regularly attended therapy, showing a high retention rate regardless of varying ages and income levels.
Referral Source
## Income Level of Service Users
7
## **Who used and benefited from our service?**
_Figure 4: Type of issues presented by client_
Our data showed that the most common presenting problems experienced by our client population are Anxiety, depression and interpersonal issues.
8
## **Who used and benefited from our service?**
## **Types of Endings**
This information helps us to see the retention level of our therapists. Planned endings can indicate that our therapists have built a good therapeutic relationship. 63% of our endings are planned in some form, although we can further improve therapist training to support client retention.
9
## **How Do Our Activities Deliver Public Benefit?**
**Samples of Client Feedbacks** _C was a brilliant therapist and I felt like I got so much out of my sessions with her. She's extremely empathetic and kind and made me feel very supported so that I could be honest in my sessions. I was very lucky to have her as my therapist and feel super grateful for the experience of working with her. Honestly, ever since our very first call I had a good feeling about my therapist. Her approach really resonates with me personally. She has certainly helped me to navigate many different thoughts and feelings from my work life and personal life. I learnt a lot about Cognitive Behaviour Therapy through her. Sanchita both holds space for me to fully express myself and chimes in with useful grounding techniques, wisdom and encouragement. I’d definitely recommend power to live to anyone looking for a friendly therapist. I had been through a couple before finding her and it was so worth the wait. Great connection…I always look forward to my sessions. Thanks for the support. Thanks for all you do. You have been amazing and you are all such a great team. I can’t thank you enough I feel like I’m starting to slowly change as a person. Overall, therapy gave me an opportunity to get a different point of view, away from family and friends. Therapy is a type of self-care, because talking about how I feel has helped me become more honest and confident. Therapist spoke very clearly, engaged in eye contact and observed my non-verbal body language throughout. Disclosures made her feel like a real person. Hero behaviour._
10
**Charity Registration No. 1181997**
**Company Registration No. CE016484 (England and Wales)**
**POWER TO LIVE FOUNDATION TRUSTEES' REPORT AND EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024**
## **POWER TO LIVE FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Tien Kuei George Panayiotou Olivia Gray Raveen Bains (Appointed 26 January 2024)
## **Secretary**
**Charity number** 1181997 **Company number** CE016484 **Registered address** Westgate Chambers 8a Elm Park Road Pinner Middlesex HA5 3LA **Independent examiner** Morgan Berkeley Limited Westgate Chambers 8a Elm Park Road Pinner Middlesex HA5 3LA
## **POWER TO LIVE FOUNDATION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 11|
## **POWER TO LIVE FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 JANUARY 2024**_
The trustees present their annual report and financial statements for the year ended 31 January 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The charity was set up for such purpose that are charitable according to the law of England and Wales for the benefit of the public, in particular but, not exclusively for the purposes of advancement of health for public benefit.
Public benefit statement
In setting the charity’s objectives, the trustees have paid due regard to Public Benefit guidance published by the Charity Commission.
## **Achievements and performance**
Summary of policies adopted to achieve the main aim:
The charity received funding from income arising from donations for the year under review.
During the year the charity did not expend any resources for charitable purposes as it was still in its early stages of establishing itself.
## **Financial review**
Financial results
The detailed results are shown on page 4.
The present level of funding is adequate to support the continuation of the provision of the charity’s objectives, and the trustees consider the financial position to be satisfactory.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
Legal and administrative information
The charity was incorporated on 12th February 2019 as a Charitable Incorporated Organisation (CIO) and is governed by its constitution.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Tien Kuei George Panayiotou Olivia Gray Raveen Bains (Appointed 26 January 2024)
The Charity’s Trustees are appointed in accordance with its constitution. The Board has the power to appoint additional trustees as it considers fit to do so.
- 1 -
## **POWER TO LIVE FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2024**_
## **Statement of trustees' responsibilities**
The trustees, who are also the directors of Power To Live Foundation for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements 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 year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' report was approved by the Board of Trustees.
Tien Kuei (Jul 24, 2024 07:26 ADT)
..............................
## **Tien Kuei**
Trustee 24/07/2024 Dated: .........................
- 2 -
## **POWER TO LIVE FOUNDATION**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POWER TO LIVE FOUNDATION**
I report to the trustees on my examination of the financial statements of Power To Live Foundation (the charity) for the year ended 31 January 2024.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Morgan Berkeley Limited**
Westgate Chambers 8a Elm Park Road Pinner HA5 3LA Middlesex
Dated: .........................
- 3 -
## **POWER TO LIVE FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 JANUARY 2024**_
|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**2024**|2023|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**3**|29,004|13,250|
|Charitable activities|**4**|64,118|33,287|
|Other trading activities|**5**|2,684|392|
|**Total income**||95,806|46,929|
|**Expenditure on:**||||
|Raising funds|**6**|126|269|
|Charitable activities||53,339|22,619|
|Other expenses|**9**|20,101|12,423|
|**Total resources expended**||73,566|35,311|
|**Net movement in funds**||22,240|3,725|
|Fund balances at 1 February 2023||21,495|17,770|
|**Fund balances at 31 January 2024**||43,735|21,495|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 4 -
## **POWER TO LIVE FOUNDATION**
## **BALANCE SHEET**
## _**AS AT 31 JANUARY 2024**_
|**Notes**
**Fixed assets**
Intangible assets
**11**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**2024**
**£**
458
49,445
49,903
(6,168)|**2023**
**£**
**£**
-
-
-
7,927
24,872
32,799
(12,400)
43,735
43,735
43,735
43,735|**£**
250
846|
|---|---|---|---|
||||1,096
20,399|
||||21,495|
||||21,495|
||||21,495|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 January 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
## 24/07/2024
The financial statements were approved by the Trustees on .........................
Tien Kuei (Jul 24, 2024 07:26 ADT) ~~..............................~~
Tien Kuei **Trustee**
## **Company registration number CE016484**
- 5 -
## **POWER TO LIVE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JANUARY 2024**_
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
## **1.2 Going concern**
There are no material uncertainties about the charity’s ability to continue.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.5 Intangible fixed assets other than goodwill**
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
- 6 -
## **POWER TO LIVE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2024**_
## **1 Accounting policies**
## **(Continued)**
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website costs 25% per annum
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer software 25% per annum
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments 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 rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
- 7 -
## **POWER TO LIVE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2024**_
## **1 Accounting policies**
## **(Continued)**
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Donations and gifts|29,004|13,250|
## **4 Charitable activities**
|Income from therapy
Drive Forward Foundation
Income from training course|**2024**
**£**
30,667
10,925
22,526
64,118|**2023**
**£**
14,214
14,190
4,883|
|---|---|---|
|||33,287|
- 8 -
## **POWER TO LIVE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2024**_
## **5 Other trading activities**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Non-charitable trading activities|2,625|371|
|Bank interest receivable|59|21|
|Other trading activities|2,684|392|
## **6 Raising funds**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Fundraising and publicity|||
|Other fundraising costs|126|269|
||126|269|
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **8 Employees**
The average monthly number of employees during the year was:
|**2024**
**2023**
**Number**
**Number**
2
2|**2024**
**2023**
**Number**
**Number**
2
2|**2024**
**2023**
**Number**
**Number**
2
2|
|---|---|---|
||||
|The charity has 2 employees and 3 trustees during the year.|||
There were no employees whose annual remuneration was more than £60,000.
- 9 -
## **POWER TO LIVE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2024**_
## **9 Other expenses**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2024**|2023|
|Staff training and related costs|5,647|3,924|
|Marketing and advertising|2,897|605|
|Insurance|193|193|
|Telephone|624|581|
|Accountancy fees|2,640|3,000|
|Rent|1,690|1,921|
|Bank charges|1,297|241|
|Computer and website costs|3,567|1,958|
|Legal and professional|450||
|Depreciation|1,096||
||20,101|12,423|
## **10 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **11 Intangible fixed assets**
|**Intangible fixed assets**||
|---|---|
||**Website costs**|
||**£**|
|**Cost**||
|At 1 February 2023 and 31 January 2024|1,000|
|**Amortisation and impairment**||
|At 1 February 2023|750|
|Amortisation charged for the year|250|
|At 31 January 2024|1,000|
|**Carrying amount**||
|At 31 January 2024|-|
|At 31 January 2023|250|
- 10 -
## **POWER TO LIVE FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JANUARY 2024**_
## **12 Tangible fixed assets**
|**Cost**
At 1 February 2023
At 31 January 2024
**Depreciation and impairment**
At 1 February 2023
Depreciation charged in the year
At 31 January 2024
**Carrying amount**
At 31 January 2024
At 31 January 2023
**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**14**
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income|**Computer software**
**£**
3,384
3,384
2,538
846
3,384
-
846|**Computer software**
**£**
3,384
3,384
2,538
846
3,384
-
846|
|---|---|---|
|||3,384|
|||2,538
846|
|||3,384|
|||-|
|||846|
||||
||||
||**2024**
**£**
458
-
458
**2024**
**£**
167
2,342
59
3,600
6,168|**2023**
**£**
6,086
1,841|
|||7,927|
|||**2023**
**£**
-
5,750
-
6,650|
|||12,400|
## **15 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
- 11 -
## **Power To Live Foundation**
**Tax Computation**
**For the period 01/02/2023 to 31/01/2024**
**Tax Reference: 2168819587**
## **Power To Live Foundation Period of Account 01/02/2023 - 31/01/2024**
## **Contents**
A1 Corporation tax liability for the period of account 2 A2 Corporation tax liability 2 A3 Chargeable profits 2
- 1 -
## **Power To Live Foundation Period of Account 01/02/2023 - 31/01/2024**
## **A1**
## **Total outstanding/(repayable) for the period of account**
||**AP to**||||||
|---|---|---|---|---|---|---|
||**31/01/2024**|||**Total**|||
||**£**|||||**£**|
|Total Corporation Tax outstanding/(repayable)||||||-|
|**A2**|||||||
|**Corporation tax liability**|||||||
|||||||**AP to**|
||||**Ref**|||**31/01/2024**|
|||||||**£**|
|Profits chargeable to corporation tax||||A3||-|
|Tax outstanding/(repayable)||||||-|
|**A3**|||||||
|**Chargeable profits**|||||||
|||||||**AP to**|
|||||||**31/01/2024**|
|||**Ref**|||**£**|**£**|
|Profits chargeable to corporation tax||A2||||Nil|
- 2 -
**Company Tax Return CT600 (2024) Version 3**
**for accounting periods starting on or after 1 April 2015**
## **Your Company Tax Return**
If we send the company a ‘Notice’ to deliver a Company Tax Return it has to comply by the filing date or we charge a penalty, even if there is no tax to pay.
A return includes a Company Tax Return form, any supplementary pages, accounts, computations and any relevant information. The CT600 Guide tells you how the return must be formatted and delivered. It contains general information you may need to deliver your return, links to more detailed advice and box-by-box guidance for this form and the supplementary pages. The forms in the CT600 series set out the information we need and provide a standard format for calculations.
## Company information
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**1 **|**Company name**|Power To Live Foundation||||||||||||
|||||||||||||||
|**2 **|**Company registration number**||||C|E|0|1|6|4|8|4||
|||||||||||||||
|**3 **|**Tax reference**||2|1|6|8|8|1|9|5|8|7||
|||||||||||||||
|**4 **|**Type of company**|||||||||||8||
|||||||||||||||
## Northern Ireland (NI)
||**Put an ‘X’ in the appropriate boxes below**|**Put an ‘X’ in the appropriate boxes below**||||
|---|---|---|---|---|---|
|**5 **|**NI trading activity**||**6 **|**SME**||
|**7 **|**NI employer**||**8 **|**Special circumstances**||
## About this return
**This is the tax return for the company named above, for the period below 30 from** DD MM YYYY **35 to** DD MM YYYY 0 1 0 2 2 0 2 3 3 1 0 1 2 0 2 4 **Put an ‘X’ in the appropriate boxes below 40 A repayment is due for this return period 45 Claim or relief affecting an earlier period 50 Making more than one return for this company now 55 This return contains estimated figures 60 Company part of a group that is not small 65 Notice of disclosable avoidance schemes Transfer pricing 70 Compensating adjustment claimed 75 Company qualifies for SME exemption**
CT600(2024) Version 3
HMRC 04/24
Page 1
About this return – continued
## **Accounts and computations**
**----- Start of picture text -----**
I attach accounts and computations for the period to which this return relates
X
I attach accounts and computations for a different period
If you’re not attaching the accounts and computations, explain why
Supplementary pages enclosed
Loans and arrangements to participators by close companies – form CT600A
Controlled foreign companies, foreign permanent establishment exemptions, hybrid and other mismatches – form CT600B
Group and consortium – form CT600C
Insurance – form CT600D
Charities and Community Amateur Sports Clubs (CASCs) – form CT600E X
**----- End of picture text -----**
- **80 I attach accounts and computations for the period to which this return relates**
- **85 I attach accounts and computations for a different period**
- **90 If you’re not attaching the accounts and computations, explain why**
**95 Loans and arrangements to participators by close companies** – form CT600A
- **100 Controlled foreign companies, foreign permanent establishment exemptions, hybrid and other mismatches** – form CT600B
- **105 Group and consortium** – form CT600C
- **110 Insurance** – form CT600D
- **115 Charities and Community Amateur Sports Clubs (CASCs)** – form CT600E
- **120 Tonnage tax** – form CT600F
- **125 Northern Ireland** – form CT600G
- **130 Cross-border royalties** – form CT600H
- **135 Supplementary charge in respect of ring fence trades** – form CT600I
- **140 Disclosure of Tax Avoidance Schemes** – form CT600J
- **141 Restitution tax** – form CT600K
**142 Research and Development** – form CT600L
**143 Freeports and Investment Zones** – form CT600M **144 Residential Property Developer Tax (RPDT)** – form CT600N
## **Tax calculation** – Turnover
||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**145 **|**Total turnover from trade**|£|||||||||||||||||||||•|0|0||
|**150**|**Banks, building societies, insurance**|**companies and**|||||**other financial**||||**concerns**||||||||||||||||
||_–_ put an ‘X’ in this box if you do not have a recognised turnover and have not made an entry in box 145||||||||||||||||||||||||||
|Income|||||||||||||||||||||||||||
||||||||||||||||||||||||||||
|**155 **|**Trading profits**|||||||||£||||||||||||0|•|0|0||
||||||||||||||||||||||||||||
|**160 **|**Trading losses brought forward set**|**against**|||**trading**||**profits**|||£|||||||||||||•|0|0||
||||||||||||||||||||||||||||
|**165 **|**Net trading profits –**box 155 minus|box 160||||||||£||||||||||||0|•|0|0||
||||||||||||||||||||||||||||
|**170 **|**Bank, building society or other interest, and profits**|||||||||£|||||||||||||•|0|0||
||**from non-trading loan relationships**||||||||||||||||||||||||||
**172 Put an ‘X’ in box 172 if the figure in box 170 is net of carrying back a deficit from a later accounting period**
CT600(2024) Version 3
Page 2 Power To Live Foundation-2168819587
HMRC 04/24
Income – continued
|**175 **|**Annual payments not otherwise charged to Corporation Tax**||£||||||||||||||||||||||||•||0||0|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**and from which Income Tax has not been deducted**|||||||||||||||||||||||||||||||||
|**180 **|**Non-exempt dividends or distributions from**
**non-UK resident companies**||£||||||||||||||||||||||||•||0||0|||
|**185 **|**Income from which Income Tax has been deducted**||£||||||||||||||||||||||||•||0||0|||
|||||||||||||||||||||||||||||||||||
|**190 **|**Income from a property business**||£||||||||||||||||||||||||•||0||0|||
|||||||||||||||||||||||||||||||||||
|**195 **|**Non-trading gains on intangible fixed assets**||£||||||||||||||||||||||||•||0||0|||
|||||||||||||||||||||||||||||||||||
|**200 **|**Tonnage tax profits**||£||||||||||||||||||||||||•||0||0|||
|||||||||||||||||||||||||||||||||||
|**205 **|**Income not falling under any other heading**||£||||||||||||||||||||||||•||0||0|||
|||||||||||||||||||||||||||||||||||
|Chargeable gains||||||||||||||||||||||||||||||||||
|||||||||||||||||||||||||||||||||||
|**210 **|**Gross chargeable gains**||£||||||||||||||||||||||||•||0||0|||
|||||||||||||||||||||||||||||||||||
|**215 **|**Allowable losses including losses brought forward**||£||||||||||||||||||||||||•||0||0|||
|||||||||||||||||||||||||||||||||||
|**220 **|**Net chargeable gains**_–_box 210 minus box 215||£||||||||||||||||||||||0||•||0||0|||
|||||||||||||||||||||||||||||||||||
## Profits before deductions and reliefs
||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**225 **|**Losses brought forward against certain investment income**|£|||||||||||||•|0|0||
||||||||||||||||||||
|**230 **|**Non-trade deficits on loan relationships (including interest)**
**and derivative contracts (financial instruments)**|£|||||||||||||•|0|0||
||**brought forward set against non-trading profits**||||||||||||||||||
|**235 **|**Profits before other deductions and reliefs –** net sum of|£||||||||||||0|•|0|0||
||boxes 165 to 205 and 220 minus sum of boxes 225 and 230||||||||||||||||||
## Deductions and reliefs
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**240 **|**Losses on unquoted shares**|£||||||||||||•|0|0||
|||||||||||||||||||
|**245 **|**Management expenses**|£||||||||||||•|0|0||
|||||||||||||||||||
|**250 **|**UK property business losses for this or previous**|£||||||||||||•|0|0||
||**accounting period**|||||||||||||||||
|**255 **|**Capital allowances for the purposes of management**|£||||||||||||•|0|0||
||**of the business**|||||||||||||||||
|**260 **|**Non-trade deficits for this accounting period from loan**|£||||||||||||•|0|0||
||**relationships and derivative contracts (financial instruments)**|||||||||||||||||
CT600(2024) Version 3
HMRC 04/24
Page 3 Power To Live Foundation-2168819587
Deductions and Reliefs – continued
|**263 Carried forward non-trade deficits from loan relationships**
**and derivative contracts (financial instruments)**
£
0
0
•
**265 Non-trading losses on intangible fixed assets**
£
0
0
•
**275 Total trading losses of this or a later accounting period**
£
0
0
•
**280 Put an ‘X’ in box 280 if amounts carried back from later**
**accounting periods are included in box 275**
**285 Trading losses carried forward and claimed against total profits**£
0
0
•
**290 Non-trade capital allowances**
£
0
0
•
**295 Total of deductions and reliefs**
**–**total of boxes 240 to 275, 285 and 290
£
0
0
•
**300 Profits before qualifying donations and group relief**
**–** box 235 minus box 295
£
0
0
•
**305 Qualifying donations**
£
0
0
•
**310 Group relief**
£
0
0
•
**312 Group relief for carried forward losses**
£
0
0
•
**315 Profits chargeable to Corporation Tax**
**–**box 300 minus boxes 305, 310 and 312
£
0
0
•
**320 Ring fence profits included**
£
0
0
•
**325 Northern Ireland profits included**
£
0
0
•
0
0|**263 Carried forward non-trade deficits from loan relationships**
**and derivative contracts (financial instruments)**
£
0
0
•
**265 Non-trading losses on intangible fixed assets**
£
0
0
•
**275 Total trading losses of this or a later accounting period**
£
0
0
•
**280 Put an ‘X’ in box 280 if amounts carried back from later**
**accounting periods are included in box 275**
**285 Trading losses carried forward and claimed against total profits**£
0
0
•
**290 Non-trade capital allowances**
£
0
0
•
**295 Total of deductions and reliefs**
**–**total of boxes 240 to 275, 285 and 290
£
0
0
•
**300 Profits before qualifying donations and group relief**
**–** box 235 minus box 295
£
0
0
•
**305 Qualifying donations**
£
0
0
•
**310 Group relief**
£
0
0
•
**312 Group relief for carried forward losses**
£
0
0
•
**315 Profits chargeable to Corporation Tax**
**–**box 300 minus boxes 305, 310 and 312
£
0
0
•
**320 Ring fence profits included**
£
0
0
•
**325 Northern Ireland profits included**
£
0
0
•
0
0|**263 Carried forward non-trade deficits from loan relationships**
**and derivative contracts (financial instruments)**
£
0
0
•
**265 Non-trading losses on intangible fixed assets**
£
0
0
•
**275 Total trading losses of this or a later accounting period**
£
0
0
•
**280 Put an ‘X’ in box 280 if amounts carried back from later**
**accounting periods are included in box 275**
**285 Trading losses carried forward and claimed against total profits**£
0
0
•
**290 Non-trade capital allowances**
£
0
0
•
**295 Total of deductions and reliefs**
**–**total of boxes 240 to 275, 285 and 290
£
0
0
•
**300 Profits before qualifying donations and group relief**
**–** box 235 minus box 295
£
0
0
•
**305 Qualifying donations**
£
0
0
•
**310 Group relief**
£
0
0
•
**312 Group relief for carried forward losses**
£
0
0
•
**315 Profits chargeable to Corporation Tax**
**–**box 300 minus boxes 305, 310 and 312
£
0
0
•
**320 Ring fence profits included**
£
0
0
•
**325 Northern Ireland profits included**
£
0
0
•
0
0|
|---|---|---|
||0|0|
## Tax calculation
- **326 Number of associated companies in this period**
- **327 Number of associated companies in the first financial year**
- **328 Number of associated companies in the second financial year**
- **329 Put an ‘X’ in box 329 if the company is chargeable at the small profit rate or is entitled to marginal relief**
**----- Start of picture text -----**
X
**----- End of picture text -----**
Enter how much profit has to be charged and at what rate
**----- Start of picture text -----**
Financial Amount of profit Rate of tax Tax
year (yyyy) %
330 2 0 2 2 335 £ 340 19% 345 £ p
350 £ 355 360 £ p
365 £ 370 375 £ p
380 2 0 2 3 385 £ 390 19% 395 £ p
400 £ 405 410 £ p
415 £ 420 425 £ p
**----- End of picture text -----**
CT600(2024) Version 3
HMRC 04/24
Page 4 Power To Live Foundation-2168819587
Tax calculation – continued
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Corporation Tax**– total of boxes 345, 360, 375, 395, 410 and 425|**430**|£|||||||||||0|•|0|0||
|||||||||||||||||||
|**Marginal relief**|**435**|£||||||||||||•||||
|||||||||||||||||||
|**Corporation Tax chargeable**– box 430 minus box 435|**440**|£|||||||||||0|•|0|0||
|||||||||||||||||||
## Reliefs and deductions in terms of tax
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**445 **|**Community Investment Tax Relief**|£||||||||||||•||||
|||||||||||||||||||
|**450 **|**Double Taxation Relief**|£||||||||||||•||||
|**455 **|**Put an ‘X’ in box 455 if box 450 includes an underlying**
**rate relief claim**|||||||||||||||||
|**460 **|**Put an ‘X’ in box 460 if box 450 includes an amount carried**
**back from a later period**|||||||||||||||||
|**465 **|**Advance Corporation Tax**|£||||||||||||•||||
|||||||||||||||||||
|**470 **|**Total reliefs and deduction in terms of tax**|£||||||||||||•||||
||– total of boxes 445, 450 and 465|||||||||||||||||
## Coronavirus support schemes and overpayments (see CT600 Guide for definitions)
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**471 **|**Coronavirus Job Retention Scheme (CJRS) received**|£||||||||||||•||||
|||||||||||||||||||
|**472 **|**CJRS entitlement**|£||||||||||||•||||
|||||||||||||||||||
|**473 **|**CJRS overpayment already assessed or voluntary disclosed**|£||||||||||||•||||
|||||||||||||||||||
|**474 **|**Other coronavirus overpayments**|£||||||||||||•||||
|||||||||||||||||||
## Energy levies
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**986 **|**Energy (Oil and Gas) Profits Levy (EOGPL) amounts liable**|£||||||||||||•|0|0||
|||||||||||||||||||
|**987 **|**Electricity Generator Levy (EGL) exceptional generation receipts**|£||||||||||||•|0|0||
|||||||||||||||||||
|Calculation of tax outstanding or overpaid||||||||||||||||||
|||||||||||||||||||
|**475 **|**Net Corporation Tax liability – **box 440 minus box 470|£|||||||||||0|•|0|0||
|||||||||||||||||||
|**480 **|**Tax payable on loans and arrangements to participators**|£||||||||||||•||||
|**485 **|**Put an ‘X’ in box 485 if you completed box A70 in the**
**supplementary pages CT600A**|||||||||||||||||
|**490 **|**Controlled Foreign Companies (CFC) tax payable**|£||||||||||||•||||
|||||||||||||||||||
|**495 **|**Bank levy payable**|£||||||||||||•||||
|||||||||||||||||||
|**496 **|**Bank surcharge payable**|£||||||||||||•||||
|||||||||||||||||||
|**497 **|**Residential Property Developer Tax (RPDT) payable**|£||||||||||||•||||
|||||||||||||||||||
CT600(2024) Version 3
HMRC 04/24
Page 5 Power To Live Foundation-2168819587
## Calculation of tax outstanding or overpaid – continued
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**500 **|**CFC tax, bank levy, bank surcharge and RPDT payable**|£||||||||||||•||||
||**–**total of boxes 490, 495, 496 and 497|||||||||||||||||
|**501 **|**EOGPL payable**|£||||||||||||•||||
|||||||||||||||||||
|**502 **|**EGL payable**|£||||||||||||•||||
|||||||||||||||||||
|**505 **|**Supplementary charge (ring fence trades) payable**|£||||||||||||•||||
|**510 **|**Tax chargeable**|||||||||||||||||
||**_–_**total of boxes 475, 480, 500, 501, 502 and 505|£|||||||||||0|•|0|0||
|||||||||||||||||||
|**515 **|**Income Tax deducted from gross income included in profits**|£||||||||||||•||||
|||||||||||||||||||
|**520 **|**Income Tax repayable to the company**|£||||||||||||•||||
|||||||||||||||||||
|**525 **|**Self-assessment of tax payable before restitution tax**|£|||||||||||0|•|0|0||
||**and coronavirus support scheme overpayments**|||||||||||||||||
||**–**box 510 minus box 515|||||||||||||||||
|**526 **|**Coronavirus support schemes overpayment now due**|£|||||||||||0|•|0|0||
||**–**total of boxes 471 and 474 minus boxes 472 and 473|||||||||||||||||
|**527 **|**Restitution tax**|£||||||||||||•||||
|||||||||||||||||||
|**528 **|**Self-assessment of tax payable**|£|||||||||||0|•|0|0||
||**–**total of boxes 525, 526 and 527|||||||||||||||||
## Tax reconciliation
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**530**|**Research and Development credit**|£||||||||||||•||||
|||||||||||||||||||
|**535**|**(Not currently used)**|£||||||||||||•||||
|||||||||||||||||||
|**540**|**Creatives tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**545 **|**Total of Research and Development credit**|£||||||||||||•||||
||**and creative tax credit –**total box 530 to 540|||||||||||||||||
|**550**|**Land remediation tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**555**|**Life assurance company tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**560 **|**Total land remediation and life assurance company tax credit**|£||||||||||||•||||
||**–**total box 550 and 555|||||||||||||||||
|**565 **|**Capital allowances first-year tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**570 **|**Surplus Research and Development credits or**|£||||||||||||•||||
||**creative tax credit payable –**box 545 minus box 525|||||||||||||||||
|**575 **|**Land remediation or life assurance company tax credit payable**
**–**total of boxes 545 and 560 minus boxes 525 and 570|£||||||||||||•||||
CT600(2024) Version 3
HMRC 04/24
Page 6 Power To Live Foundation-2168819587
## Tax reconciliation – continued
**----- Start of picture text -----**
580 Capital allowances first-year tax credit payable £ •
– boxes 545, 560 and 565 minus boxes 525, 570 and 575
585 Ring fence Corporation Tax included £ •
586 NI Corporation Tax included £ •
590 Ring fence supplementary charge included £ •
595 Tax already paid (and not already repaid) £ •
600 Tax outstanding £ •
– box 525 minus boxes 545, 560, 565 and 595
605 Tax overpaid including surplus or payable credits £ •
– total sum of boxes 545, 560, 565 and 595 minus 525
610 Group tax refunds surrendered to this company £ •
615 Research and Development expenditure credits £ •
surrendered to this company
**----- End of picture text -----**
## Exporter information
**During the return period, did the company export goods and/or services to individuals, enterprises or organisations outside the United Kingdom (UK)? 616 Yes – goods 617 Yes – services 618 No – neither**
## Indicators and information
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**620 **|**Franked investment income/Exempt ABGH distributions**|£||||||||||||•|0|0||
|**625 **|**Number of 51% group companies**|||||||||||||||||
||**Put an ‘X’ in the relevant boxes, if in the period, the company:**|||||||||||||||||
|**630 **|**should have made (whether it has or not) instalment payments as**
**under the Corporation Tax (Instalment Payments) Regulations**||**a large**||**company**|||||||||||||
|**631 **|**should have made (whether it has or not) instalment payments as**
**under the Corporation Tax (Instalment Payments) Regulations**||**a very large company**|||||||||||||||
|**635 **|**is within a group payments arrangement for the period**|||||||||||||||||
|**640 **|**has written down or sold intangible assets**|||||||||||||||||
|**645 **|**has made cross-border royalty payments**|||||||||||||||||
|**647 **|**Eat Out to Help Out Scheme: reimbursed discounts**|£||||||||||||•|0|0||
||**included as taxable income**|||||||||||||||||
CT600(2024) Version 3
HMRC 04/24
Page 7 Power To Live Foundation-2168819587
**Information about enhanced expenditure and tax reliefs**
## Research and Development (R&D) or creative enhanced expenditure and tax reliefs
|**650 **|**Put an ‘X’ in box 650 if the claim is made by a small or medium-sized**
**enterprise (SME), including a SME subcontractor to a large company**|**Put an ‘X’ in box 650 if the claim is made by a small or medium-sized**
**enterprise (SME), including a SME subcontractor to a large company**|**Put an ‘X’ in box 650 if the claim is made by a small or medium-sized**
**enterprise (SME), including a SME subcontractor to a large company**|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**655 **|**Put an ‘X’ in box 655 if the claim is made by a large company**|||||||||||||||||
|**656 **|**Put an ‘X’ in box 656 to confirm that a R&D claim notification form has been submitted**|||||||||||||||||
|**657 **|**Put an ‘X’ in box 657 to confirm that an additional information form has been**|||||**submitted**||||||||||||
|**659 **|**R&D expenditure qualifying for SME R&D relief**|£||||||||||||•|0|0||
|||||||||||||||||||
|**660**|**R&D enhanced expenditure**|£||||||||||||•|0|0||
|||||||||||||||||||
|**665**|**Creative qualifying expenditure and/or additional deduction**|£||||||||||||•|0|0||
|||||||||||||||||||
|**670 **|**R&D and creative enhanced expenditure**|£||||||||||||•|0|0||
||total box 660 and box 665|||||||||||||||||
|**675 **|**R&D enhanced expenditure of a SME on work**|£||||||||||||•|0|0||
||**subcontracted to it by a large company**|||||||||||||||||
|**680 **|**Vaccine research expenditure**|£||||||||||||•|0|0||
|||||||||||||||||||
## Land remediation enhanced expenditure
**685 Enter the total enhanced expenditure** £ • 0 0
**Information about capital allowances and balancing charges/disposal values** Allowances and charges in the calculation of trading profits and losses
||**Capital allowances**|**Capital allowances**|**Capital allowances**|**Capital allowances**|**Capital allowances**|||||||||**Balancing charges**|**Balancing charges**|**Balancing charges**|**Balancing charges**|**Balancing charges**||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Annual investment**
**allowance**|**690**|£||||||||||||||||||||||||||
|**Full expensing**|**688**|£||||||||||||**689**|£|||||||||||||
|**Machinery and plant**
**– super-deduction**|
**691**|£||||||||||||**692**|£|||||||||||||
|**Machinery and plant**
**– special rate allowance**|
**693**|£||||||||||||**694**|£|||||||||||||
|**Machinery and plant**
**– special rate pool**|
**695**|£||||||||||||**700**|£|||||||||||||
|**Machinery and plant**
**– main pool**|
**705**|£||||||||||||**710**|£|||||||||||||
|**Structures and**
**buildings**|**711**|£||||||||||||||||||||||||||
|**Business premises**
**renovation**|**715**|£||||||||||||**720**|£|||||||||||||
|**Other allowances**
**and charges**|**725**|£||||||||||||**730**|£|||||||||||||
CT600(2024) Version 3
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HMRC 04/24
Allowances and charges in the calculation of trading profits and losses – continued
||**Capital allowances**|**Capital allowances**|**Capital allowances**|**Capital allowances**|**Capital allowances**|||||||||**Disposal**|**Disposal**|**value**|**value**|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Electric**
**charge-points**|**713**|£||||||||||||**714**|£|||||||||||||
|**Enterprise zones**|**721**|£||||||||||||**722**|£|||||||||||||
|**Zero emissions**
**goods vehicles**|**723**|£||||||||||||**724**|£|||||||||||||
|**Zero emissions**|**726**|£||||||||||||**727**|£|||||||||||||
|**cars**||||||||||||||||||||||||||||
## Allowances and charges not included in the calculation of trading profits and losses
||**Capital allowances**|**Capital allowances**|**Capital allowances**|**Capital allowances**|**Capital allowances**|||||||||**Balancing charges**|**Balancing charges**|**Balancing charges**|**Balancing charges**|**Balancing charges**||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Annual investment**
**allowance**|**735**|£||||||||||||||||||||||||||
|**Structures and**
**buildings**|**736**|£||||||||||||||||||||||||||
|**Full expensing**|**733**|£||||||||||||**734**|£|||||||||||||
|**Business premises**
**renovation**|**740**|£||||||||||||**745**|£|||||||||||||
|**Machinery and plant**
**– super-deduction**|**741**|£||||||||||||**742**|£|||||||||||||
|**Machinery and plant**
**– special rate allowance**|
**743**|£||||||||||||**744**|£|||||||||||||
|**Other allowances**
**and charges**|**750**|£||||||||||||**755**|£|||||||||||||
||**Capital allowances**|||||||||||||**Disposal**||**value**||||||||||||
|**Electric**
**charge-points**|**737**|£||||||||||||**738**|£|||||||||||||
|**Enterprise zones**|**746**|£||||||||||||**747**|£|||||||||||||
|**Zero emissions**
**goods vehicles**|**748**|£||||||||||||**749**|£|||||||||||||
|**Zero emissions**|**751**|£||||||||||||**752**|£|||||||||||||
|**cars**||||||||||||||||||||||||||||
CT600(2024) Version 3
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HMRC 04/24
Qualifying expenditure
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**760 **|**Machinery and plant on which first**|£||||||||||||•|0|0||
||**year allowance is claimed**|||||||||||||||||
|**765 **|**Designated environmentally friendly**|£||||||||||||•|0|0||
||**machinery and plant**|||||||||||||||||
|**770 **|**Machinery and plant on long-life**|£||||||||||||•|0|0||
||**assets and integral features**|||||||||||||||||
|**771 **|**Structures and buildings**|£||||||||||||•|0|0||
|||||||||||||||||||
|**772 **|**Machinery and plant**|£||||||||||||•|0|0||
||**– super-deduction**|||||||||||||||||
|**773 **|**Machinery and plant**|£||||||||||||•|0|0||
||**– special rate allowance**|||||||||||||||||
|**775 **|**Other machinery and plant**|£||||||||||||•|0|0||
|||||||||||||||||||
## **Losses, deficits and excess amounts** Amount arising
||**Amount**|**Amount**||||||||||||**Maximum available**|**Maximum available**|**Maximum available**|**Maximum available**|**Maximum available**|**for surrender**|**for surrender**|**for surrender**|**for surrender**||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||**as group relief**||||||||||||||
|**Losses of trades**
**carried on wholly**|**780**|£||||||||||||**785**|£|||||||||||||
|**or partly in the UK**
**Losses of trades**|**790**|£||||||||||||||||||||||||||
|**carried on wholly**||||||||||||||||||||||||||||
|**outside the UK**||||||||||||||||||||||||||||
|**Non-trade deficits**|**795**|£||||||||||||**800**|£|||||||||||||
|**on loan relationships**||||||||||||||||||||||||||||
|**and derivative contracts**||||||||||||||||||||||||||||
|**UK property**
**business losses**|**805**|£||||||||||||**810**|£|||||||||||||
|**Overseas property**
**business losses**|**815**|£||||||||||||||||||||||||||
|**Losses from**
**miscellaneous**|**820**|£||||||||||||||||||||||||||
|**transactions**||||||||||||||||||||||||||||
|**Capital losses**|**825**|£||||||||||||||||||||||||||
|**Non-trading losses on**
**intangible fixed assets**|**830**|£||||||||||||**835**|£|||||||||||||
## Excess amounts
**Amount Maximum available for surrender as group relief Non-trade capital 840** £ **allowances Qualifying donations 845** £ **Management expenses 850** £ **855** £
CT600(2024) Version 3
Page 10 Power To Live Foundation-2168819587
HMRC 04/24
**Northern Ireland information**
|**856 **|**Amount of group relief claimed which relates to NI trading**
**losses used against rest of UK/mainstream profits**|£||||||||||||•|0|0||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**857 **|**Amount of group relief claimed which relates to NI trading**
**losses used against NI trading profits**|£||||||||||||•|0|0||
|**858 **|**Amount of group relief claimed which relates to rest of**
**UK/mainstream losses used against NI trading profits**|£||||||||||||•|0|0||
## **Overpayments and repayments** Small repayments
**860 Do not repay sums of** £ • 0 0 **or less.**
**Read the overpayments and repayments section of the Company Tax Return Guide for specific guidance on when and how to make an entry in this box.**
## Repayments for the period covered by this return
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**865**|**Repayment of Corporation Tax**|£||||||||||||•||||
|||||||||||||||||||
|**870**|**Repayment of Income Tax**|£||||||||||||•||||
|||||||||||||||||||
|**875**|**Payable Research and Development tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**880**|**Payable Research and Development expenditure credit**|£||||||||||||•||||
|||||||||||||||||||
|**885**|**Payable creative tax credit**|£||||||||||||•||||
|||||||||||||||||||
|**890**|**Payable land remediation or life assurance company**
**tax credit**|£||||||||||||•||||
|**895**|**Payable capital allowances first-year tax credit**|£||||||||||||•||||
|||||||||||||||||||
## Surrender of tax refund within group
||**Including surrenders under the Instalment Payments Regulations**|**Including surrenders under the Instalment Payments Regulations**||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**900 **|**The following amount is to be surrendered**|£||||||||||||||•||||
||**Put an ‘X’ in the appropriate boxes below**|||||||||||||||||||
||**the joint Notice is attached**|**905**||||||||||||||||||
||**or**|||||||||||||||||||
||**will follow**|**910**||||||||||||||||||
|||||||||||||||||||||
|**915**|**Please stop repayment of the following amount**|£||||||||||||||•||||
||**until we send you the Notice**|||||||||||||||||||
CT600(2024) Version 3
HMRC 04/24
Page 11 Power To Live Foundation-2168819587
## Bank details (for a person to whom a repayment is to be made)
**920 Name of bank or building society**
**925 Branch sort code**
**930 Account number**
**935 Name of account**
**940 Building society reference**
## Payments to a person other than the company
**945 Complete the authority below if you want the repayment to be made to a person other than the company I, as** (enter status – for example, company secretary, treasurer, liquidator or authorised agent)
**950 of** (enter company name)
**955 authorise** (enter name)
**960 of address** (enter address)
**965 Nominee reference**
**to receive payment on company’s behalf**
**970 Name**
## **Declaration**
## **Declaration**
I declare that the information I have given on this Company Tax Return and any supplementary pages is correct and complete to the best of my knowledge and belief.
I understand that giving false information in the return, or concealing any part of the company’s profits or tax payable, can lead to both the company and me being prosecuted.
**975 Name**
Tien Kuei
**----- Start of picture text -----**
Tien Kuei (Jul 24, 2024 07:26 ADT)
**----- End of picture text -----**
**----- Start of picture text -----**
980 Date DD MM YYYY
24/07/2024
985 Status
Trustee
**----- End of picture text -----**
CT600(2024) Version 3
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HMRC 04/24
**Company Tax Return – supplementary page Charities and Community Amateur Sports Clubs (CASCs) CT600E (2015) Version 3 for accounting periods starting on or after 1 April 2015**
## **Guidance**
Guidance about when and how to complete this supplementary page can be found in the CT600 Guide.
For further information read _What supplementary pages do I need to complete and include as part of the Company Tax Return?_ to find out what supplementary pages you need to complete.
Also, read the _Important points about all supplementary pages_ and _CT600E – Charities and Community Amateur Sports Clubs (CASCs)_ for further guidance about completing this supplementary page.
## **Company information**
**----- Start of picture text -----**
E1 Company name Power To Live Foundation
(name of charity or CASC)
E2 Tax reference
2 1 6 8 8 1 9 5 8 7
Period covered by this supplementary page (cannot exceed 12 months)
E3 from DD MM YYYY
0 1 0 2 2 0 2 3
E4 to DD MM YYYY 3 1 0 1 2 0 2 4
**----- End of picture text -----**
## Claims to exemption ( **this section should be completed in all cases)**
**----- Start of picture text -----**
Charity/CASC repayment reference E5
Charity Commission registration number, or E10 1181997
OSCR number (if applicable)
Put an ‘X’ in the relevant box if during the period covered by these supplementary pages:
The company was a charity/CASC and is claiming E15 X
exemption from all tax on all or part of its income
and gains (Also put an ‘X’ in box E15 if the company
was a charity/CASC but had no income or gains in the period)
All income and gains are exempt from tax and have been, E20 X
or will be, applied for charitable or qualifying purposes only
Some of the income and gains may not be exempt or have E25
not been applied for charitable or qualifying purposes only,
and I have completed form CT600
I claim exemption from tax
Name E30 Tien Kuei
Status
E35 Trustee
Date DD MM YYYY
E40
**----- End of picture text -----**
CT600E(2015) Version 3
HMRC 04/15
Page 1
Repayments
**To make a repayment claim for the period covered by these supplementary pages, please register and enrol to use the Charities Online service. See CT600 guide for further information.**
**Put an ‘X’ in the box if during the period covered by these supplementary pages you have over claimed tax.**
**E45**
## Information required
**Enter details of any income received from the following sources, claimed as exempt from tax in the hands of the charity/CASC. Enter the figure included in the charity’s/CASC’S accounts for the period covered by this return.**
## **Non-exempt amounts should be entered on form CT600 in the appropriate boxes.**
|**Type of income**
**Amount**
**Enter total turnover from exempt charitable**
**trading activities**
£
0
0
•
**E50**
**Investment income – exclude any amounts included on**
**form CT600**
£
0
0
•
**E55**
**UK land and buildings – exclude any amounts included**
**on form CT600**
£
0
0
•
**E60**
**Gift Aid – exclude any amounts included on form CT600**
£
0
0
•
**E65**
**From other charities – exclude any amounts included**
**on form CT600**
£
0
0
•
**E70**
**Gifts of shares or securities received**
£
0
0
•
**E75**
**Gifts of real property received**
£
0
0
•
**E80**
**Other sources (not included above)**
£
0
0
•
**E85**
**Total of boxes E50 to E85**
£
0
0
•
**E90**
2
2
1
3
9
4
8
6
2
6
0
8
5
9|**Type of income**
**Amount**
**Enter total turnover from exempt charitable**
**trading activities**
£
0
0
•
**E50**
**Investment income – exclude any amounts included on**
**form CT600**
£
0
0
•
**E55**
**UK land and buildings – exclude any amounts included**
**on form CT600**
£
0
0
•
**E60**
**Gift Aid – exclude any amounts included on form CT600**
£
0
0
•
**E65**
**From other charities – exclude any amounts included**
**on form CT600**
£
0
0
•
**E70**
**Gifts of shares or securities received**
£
0
0
•
**E75**
**Gifts of real property received**
£
0
0
•
**E80**
**Other sources (not included above)**
£
0
0
•
**E85**
**Total of boxes E50 to E85**
£
0
0
•
**E90**
2
2
1
3
9
4
8
6
2
6
0
8
5
9|**Type of income**
**Amount**
**Enter total turnover from exempt charitable**
**trading activities**
£
0
0
•
**E50**
**Investment income – exclude any amounts included on**
**form CT600**
£
0
0
•
**E55**
**UK land and buildings – exclude any amounts included**
**on form CT600**
£
0
0
•
**E60**
**Gift Aid – exclude any amounts included on form CT600**
£
0
0
•
**E65**
**From other charities – exclude any amounts included**
**on form CT600**
£
0
0
•
**E70**
**Gifts of shares or securities received**
£
0
0
•
**E75**
**Gifts of real property received**
£
0
0
•
**E80**
**Other sources (not included above)**
£
0
0
•
**E85**
**Total of boxes E50 to E85**
£
0
0
•
**E90**
2
2
1
3
9
4
8
6
2
6
0
8
5
9|
|---|---|---|
||0|0|
**Enter details of expenditure as shown in the charity’s/CASC’s accounts for the period covered by these supplementary pages**
|**Type of expenditure**
**Amount**
**Trading costs in relation to exempt charitable activities**
**(in box E50)**
£
0
0
•
**E95**
**UK land and buildings costs in relation to exempt**
**charitable activities (in box E60)**
£
0
0
•
**E100**
**All general administration/governance costs**
£
0
0
•
**E105**
**All grants and donations made within the UK**
£
0
0
•
**E110**
**All grants and donations made outside the UK**
£
0
0
•
**E115**
**Other expenditure not included above, or not used in**
**calculating figures entered on the form CT600**
£
0
0
•
**E120**
**Total of boxes E95 to E120**
£
0
0
•
**E125**
5
6
4
3
5
1
0
1
0
2
6
6
5
3
7|**Type of expenditure**
**Amount**
**Trading costs in relation to exempt charitable activities**
**(in box E50)**
£
0
0
•
**E95**
**UK land and buildings costs in relation to exempt**
**charitable activities (in box E60)**
£
0
0
•
**E100**
**All general administration/governance costs**
£
0
0
•
**E105**
**All grants and donations made within the UK**
£
0
0
•
**E110**
**All grants and donations made outside the UK**
£
0
0
•
**E115**
**Other expenditure not included above, or not used in**
**calculating figures entered on the form CT600**
£
0
0
•
**E120**
**Total of boxes E95 to E120**
£
0
0
•
**E125**
5
6
4
3
5
1
0
1
0
2
6
6
5
3
7|**Type of expenditure**
**Amount**
**Trading costs in relation to exempt charitable activities**
**(in box E50)**
£
0
0
•
**E95**
**UK land and buildings costs in relation to exempt**
**charitable activities (in box E60)**
£
0
0
•
**E100**
**All general administration/governance costs**
£
0
0
•
**E105**
**All grants and donations made within the UK**
£
0
0
•
**E110**
**All grants and donations made outside the UK**
£
0
0
•
**E115**
**Other expenditure not included above, or not used in**
**calculating figures entered on the form CT600**
£
0
0
•
**E120**
**Total of boxes E95 to E120**
£
0
0
•
**E125**
5
6
4
3
5
1
0
1
0
2
6
6
5
3
7|
|---|---|---|
||0|0|
CT600E(2015) Version 3
Page 2 Power To Live Foundation-2168819587
HMRC 04/15
Information required
## **Charity/CASC assets**
|**Charity/CASC assets**|**Charity/CASC assets**|**Charity/CASC assets**|**Charity/CASC assets**||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Disposals in period**|||||||||||||**Held at the**|||**end of the period**|||||||||||
|**(total consideration received)**|||||||||||||**(use accounts figures)**||||||||||||||
|**Tangible fixed**
**E130**
£|||||||||||||**E135**|£|||||||||||||
|**assets**|||||||||||||||||||||||||||
|**UK investments**
**E140**
£|||||||||||||**E145**|£|||||||||||||
|**(excluding**|||||||||||||||||||||||||||
|**controlled companies)**|||||||||||||||||||||||||||
|**Shares in,**
**E150**
£|||||||||||||**E155**|£|||||||||||||
|**and loans to,**|||||||||||||||||||||||||||
|**controlled companies**|||||||||||||||||||||||||||
|**Overseas**
**E160**
£|||||||||||||**E165**|£|||||||||||||
|**investments**|||||||||||||||||||||||||||
|**Loans and non-trade debtors**|||||||||||||**E170**|£|||||||||||||
||||||||||||||||||||||||||||
|**Other current assets**|||||||||||||**E175**|£||||||||4|9|9|0|3|
||||||||||||||||||||||||||||
|**Qualifying investments and loans**|||||||||||||**E180**||||||||||||||
|_Applies to charities only. See CT600 Guide_|||||||||||||||||||||||||||
|**Value of any non-qualifying investments and loans**|||||||||||||**E185**|£|||||||||||||
|_Applies to charities only. See CT600 Guide_|||||||||||||||||||||||||||
|**Number of subsidiary or associated companies the charity**|||||||||||||**E190**||||||||||||||
|**controls at the end of the period. Exclude companies that**|||||||||||||||||||||||||||
|**were dormant throughout the period**|||||||||||||||||||||||||||
CT600E(2015) Version 3
HMRC 04/15
Page 3 Power To Live Foundation-2168819587
## **Power To Live Foundation 60 Horsham Avenue London N12 9BE**
Morgan Berkeley Ltd Westgate Chambers 8a Elm Park Road Pinner Middlesex HA5 3LA
24 July 2024
## Dear Sirs
In respect of your preparation of the charity’s financial statements for the year ended 31 January 2024, we confirm the following points in connection therewith:
1. Responsibilities, accounting records and other information supplied for the preparation of the financial statements
- 1.1. As set out in the engagement letter agreed with you, we acknowledge as trustees our responsibility, under the Companies Act 2006 and Charity Act 2011, for the preparation of financial statements in accordance with United Kingdom Generally Accepted Accounting Practice which give a true and fair view, and for making accurate representations to you.
- 1.2. All accounting records and relevant information have been made available to you for the purpose of your work. All other records and related information, including minutes of all management and trustee’s meetings, have been made available to you.
- 1.3. All of the transactions undertaken by the charity have been properly reflected in the accounting records and are reflected in the financial statements.
2.
## Accounting policies
- 2.1. We confirm that there have been no changes in the accounting policies, other than as disclosed in the financial statements. In our opinion, the accounting policies are appropriate to the charity, and confirm with generally accepted accounting principles. We confirm that all transactions and balances have been accounted for in accordance with these accounting policies.
## 3. Assets
- 3.1. The charity has satisfactory title to all assets included in the balance sheet and except as disclosed, the assets were free of any charges, mortgages, liens or other encumbrances.
4. Liabilities
- 4.1. There are no liabilities, contingent liabilities or guarantees to third parties, additional to those disclosed in the financial statements.
5. Trustees and connected persons
- 5.1. We have reviewed and approved all sums charged or credited to trustees’ current accounts and confirm the following balances outstanding at the balance sheet date in respect of the trustees’ current account balances:
- 5.2. Except as disclosed in the financial statements:
- The charity has not made any loans to trustees or connected persons during the year;
- The charity has not made any arrangement, transaction or agreement to provide credit facilities to trustees or a connected person, nor to guarantee or provide security for such matters; and
## 6. Fraud and error, and other misstatements
- 6.1. There is no knowledge, suspicion or allegation arising from any source which should be disclosed to you, concerning fraud and error which could materially affect the charity or the financial statements.
- 6.2. In our view, the financial statements are free from material misstatement, including omissions.
7. Laws and regulations, and contractual obligations
- 7.1. We confirm that we are not aware of any possible or actual instance of non-compliance with the laws and regulations which provide a legal framework within which the charity operates.
- 7.2. The charity has also complied with all aspects of contractual arrangements which could have a material effect on the financial statements in the event of non-compliance.
8. Legal claims and litigation
- 8.1. We confirm that no claims or litigation have occurred, or are likely to occur, which require an accrual or disclosure in the financial statements.
9. Post balance sheet events
- 9.1. Except as already provided for in the financial statements, no events or transactions have occurred since the balance sheet date which have a material effect on the results for the year.
- 9.2. Similarly, except as already included in the financial statements, there have also been no such matters which whilst not affecting the results, are of such significance that they should be disclosed.
- 9.3. We also confirm that, to the best of our knowledge, no event is likely to occur in the immediate future, prior to the signing of your report and the issue of the financial statements, which may necessitate an adjustment or disclosure to be included in the financial statements. Should such an event occur, we will draw it to your attention immediately.
## 10. Related party transactions
- 10.1. We confirm that we have disclosed to you the identity of the charity’s related parties, and all related party relationships and transactions relevant to the charity, that we are aware of.
- 10.2. There has been full disclosure in the financial statements of the identity of related parties (including where applicable, the controlling party of the charity), and balances and transactions with related parties have been appropriately accounted for.
11. Going concern and future plans
- 11.1. Having considered our expectations and intentions, and the availability of working capital, for at least one year from the date of approval of the financial statements, we confirm that in our opinion, the charity is a going concern.
- 11.2. We have no plans or intentions that may materially affect the carrying value, fair value (where applicable) or the classification of assets and liabilities in the financial statements. Should such an event occur, we will bring it immediately to your attention.
- 11.3. We confirm that the disclosures in accounting policies are an accurate reflection of our consideration that the financial statements should be drawn up on a going concern basis
## 12. Other parties
- 12.1. We understand that unless otherwise agreed, you do not accept any liability to any third party using these financial statements.
We confirm to the best of our knowledge and belief that the above representations are made on the basis of adequate enquiries of management and staff with relevant knowledge and experience, and where appropriate, of inspection of supporting documentation, sufficient to satisfy ourselves that we can properly make the above representations to you.
.........................................................Trustee Tien Kuei (Jul 24, 2024 07:26 ADT) …..…………………Date 24/07/2024
Signed on behalf of the board of trustees.
## **Power To Live Foundation Adjusting Journals 31 January 2024 Produced on 24 July 2024 at 10:01 AM**
|**Credit**
**Credit**
**Nominal**
**Code**
**Debit**
**Nominal Description**
**Source Ref**
**Debit**
**Balance Sheet**
**Profit/Loss**
**ID**
**External**
**Code**
**Description**|**Profit**
**Reconciliation**|
|---|---|
|Results per draft accounts
8085
AJ 5
4,850.00
Accruals
185
Reclassification of accruals-
Deferred income re 2023
1006
AJ 5
4,850.00
UF Deferred income
186
Reclassification of accruals-
Deferred income re 2023
1920
AJ 1
1,096.00
UF Depreciation
187
Depreciation charge for the
year - Computer software
6360
AJ 1
846.00
IT equipment accumulated depreciation
brought forward
188
0031
Depreciation charge for the
year - Computer software
6111
AJ 1
250.00
Other intangibles 1 amortisation charge
for period
189
Depreciation charge for the
year - Website
1909
AJ 4
175.50
UF Computer and website costs
190
Reclassification of marketing
costs
6100
AJ 4
175.50
Other intangibles 1 cost brought forward
191
0060
Reclassification of marketing
costs
1907
AJ 2
496.00
UF Rent
192
Reversal of 2023 prepayment
1909
AJ 2
1,344.70
UF Computer and website costs
193
Reversal of 2023 prepayment
7350
AJ 2
1,840.70
Prepayments
194
Reversal of 2023 prepayment
1906
AJ 3
1,800.00
UF Accountancy fees
195
7902
Accountancy fes 2024
8085
AJ 3
1,800.00
Accruals
196
Accountancy fes 2024
Results per financial statement|22,302.20
0.00
4,850.00
(1,096.00)
0.00
0.00
(175.50)
0.00
(496.00)
(1,344.70)
0.00
(1,800.00)
0.00
22,240.00|
Tien Kuei (Jul 24, 2024 07:26 ADT)
24/07/2024
Tien Kuei
_**Printed Date**_ 24/07/2024 10:01:04
1
POWER TO LIVE FOUNDATION
## INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF POWER TO LIVE FOUNDATION
- 3 -
I report to the trustees on my examination of the financial statements of Power To Live Foundation (the charity) for
the year ended 31 January 2024.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006
Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s
financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b)
of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2 the financial statements do not accord with those records; or
3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination; or
4 the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Morgan Berkeley Limited
Westgate Chambers
8a Elm Park Road
Pinner
HA5 3LA
Middlesex
Dated: 24 July 2024