MY LIFE MY CHOICE TRU5TEES' ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Charity Number= 1187726 (England and Wales)
MY LIFE MY CHOICE TRUSTEES, ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 CONTENTS PAGE General information Trustees, Annual Report Responsibilitie5 of the Trustees Independent Examiner'5 report to the members statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the financial statements 10-18 Charity nu mber.. 1187726
MY LIFE MY CHOICE GENERAL INFORMATION Registered charity name My Life My Choice Charity nLJmber 1181726 Principal & registered office address Unit 3 Watlington House Watlington Road Cowlev Oxford OX4 6NF Trustee5 President Michael Edwards MBE loan Mansfield Benjamin Mccay Adrian Chappell Anup Upadhyaya Nigel Rea50n Andy Law Charlene Milehar Anthony Bebbington Mick Bebbingto Lucy Bowerman Liam Payne Joanne Hawkins Tom Eyre Katie Lloyd Account3nt5 5 K Punia Accountants LLP Olympic House 28 -42 Clements Road IGI IBA Independent examiner Surinder Singh FAATI BSC Honors | FCCA Bankers Unity Trust Charity nu mber.. 1187726
MY LIFE MY CHOICE TRUSTEES, ANNUAL REPORT FOR THE PERIOD ENDED 31 MARCH 2024 Constitution The charity is registered as a Charitable Incorporated Organisation ICIOI with the Charity Commission Ino. 11877261 and is constituted by deed dated 3rd February 2020. Previously, the charity was registered with the Charity Commission Ino. 10732471 as 'Oxfordshire My Life My Choice As50ciationl. Trustees Trustees are shown on p2 of this document. Objerts Our vision is a world where people with learning disabilities are treated without prejudice and are able to have choice and control over their own lives. Our mission is three-fcild.. To make sure that there is independent support for people with learning disabilities in Oxfordshire to have thei r say and to claim their rights To make sure that the views of people with learning disabilities are taken 5eriou51y by both professionals In the services they use and the wider public To"Power Up" their lives so they can make a positive contribution to societv. Review of the period This year has seen record numbers of people engaging with our activities, we have been featured in The Times national newspaper, and have proudly accepted two awards for the exceptional work ol our members. A significant milestone was reached as My Life My Choice IMLMCI celebrated its 25th anniversary. We hosted memorable event at Oxford'5 Story Museum, attended by 130 of our dedicated sUPPOrters and members. The occasion featured the premiere of the MLMC film, a live band performance, and Inspiring 5peeche5 delivered by the leader of Oxfordshire County Council and our Co-chair5 of the Trustee Board. We'd like to extend a huge thank you to all those who have made MLMC what it is today. Particular highlight5 during 2023124 include.. Co-chair of trustee5 Ben visits ChBnnEI 4 News 35 part of his rnedia training Researchers Pam and Dawn travelled to Iceland (the country not the supermarketll to present at a Learning Disability Conference MLMC becomes zccredited as 3 Living Pension Employer18Yts employer contribution) MLMC Champion Kumudu speak% out at the Integrated Care Board on health inequalities faced bv people with a learning disability A record total pay of £32,821 for the year to 41 people with a learning disability We launched our new websitel For further details of our work during 2023124 please read our Annual Report (available on our website). Thank you to everybody who has SUPPOrted us during the year. Charity number.. 1187726
MY LIFE MY CHOICE ReseNes Policy The trustees have established a re5erve5 policy whereby the unrestricted fund5 not comrnitted or invested in tangible fixed assets held by the charity should be between 6 ar)d 12 months. Based on the last three year5 expenditure and the projected expenditure in 2024125, the minimum target for 6 months is £236,084 with a maximum target not exceeding £472.168. Unrestricted reserves as at 31" March 2024 stand at £228,863, marginally below the organi5ation's minimum target. Although looking to address the issue during 2024125, the trustee5 do not See this as a material risk for the chaflty. Charity number.. 1187726
MY LIFE MY CHOICE RESPONSIBILITIES OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2024 The trustees are respor)sible for preparing the Trustees. Annu31 Report and the financial statements in ccordance with applicable law and regulations. Charity Law requires the trustees to prepare financial statements for each financial year. Under that law the trLJStees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom AccountinK St3ndards and applicable lawl. In preparing these financial 5tatement5, the tru5tee5 are required to.. select Sultable accounting policies and apply ihem consistently., observe the methods and principles in the Charities SORP make judgements and estimatès that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departure5 di5c105ed and explained In the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable conipany will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to shc>w and explain the charity's transactions ènd di5c105e with reasonable 2CCLJracy at any time the financial position of the charitable company and which enable them to ensure that thE financial statement5 comply with the Charities Act 2011. They are responsible for safeguardi ng the a55ets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. INDEPENDENT EXAMINATION The nominated independent examiner will be considered by trustees for re-appointment for the ensuing year. Signed on behalf of the trustees Adrian Chappell Co-chair of the Tru5tee5 Date ILf .1.1. /.1 It Charity number.. 1187726
MY LIFE MY CHOICE INDEPENDENT EXAMINER'S REPORTTO THE MEMBERS FOR TrIE PERIOD ENDED 31 MARCH 2024 I report on the accounts of the Charity for the period ended 31 March 2024. which a set out in pages 7- 19. Resperti¥e responsibilitit5 of trstee$ and examiner A5 the charivs trustees you are Te5ponsible for the preparation of the attounts: you consider that the audit requirements of s144121 of the Charities Art 2011 Ithe 2011 Artl doe5 not apply and that an Independent Examination is needed. The charivs gross itKome exceeded £250,00) and l am qualified to undertake the exanynation by being a qualif4ed membèr of the Association of Chartered Certrfied Accountants. It is my sponsibility to stat4 on the basis of produreS splfIed in the General Directions given by the Charity Cornmissioners under s145 of the 2011 Act. whether particular matters have come to my attention. Basls of independert examlnerf5 report Arb exarnination was carried out in accordance with t General Directions given by the Chaflty Commissioners. An examination includes a VIeW of the accountinE records kept by the tharity and a comparSson of the accounts presented with those records. It also indudes consideration of any unusual items or dtrsclosure5 in the accounts and the seeking of explanations from you as trustees concerning any s*Jch matters. The procedure5 undertaken do not prowde all the emdence that would be required in an audit and. consequerrtly. I do not express an audit opinion on the account Independent examinees ststement In the course of my examination, no matter has come lo my attention.. 111 which gives me reasonable cause to ble that. in any mèterlal respect. the requirements: to keep accounting records a¢tor¢tsnce with s130 of the 2011 Actr. and to prepaTr accounts which accord with the accountirlg rOrdS and to comply with the accountin8 requ1Ments of the 2011 Aa. have not been met.. or IZ) to whith, in my opinion, attention should be drawn in order to enable a proper understsndingof the accounts to be reached. Surinder Singh FAATI BS¢ Honorsl FCCA Date. Charity number-. 1187726
MY LIFE MY CHOICE STA TEMENT OF FINANCIAL AcfiviTIE5 FOR THE PERIOD ENDED 31 MARCH 2024 Vnres¢rlaed Funds Restricted Funds Total 2024 Restrirted Funds Unrestrlrted Funds Total 2023 Income from.. Donations and 1,221 1.221 2.511 2.511 CharItae activities Investments 131,325 10,237 142,784 308,969 440,294 10.237 176.117 3.086 251,948 428.065 3,086 433,662 Tol31 income 308,969 451,753 181,714 251,948 Expenditure on.. Raising funds 3,086 254,390 5,238 279,657 8,324 534,048 3,691 89,856 5,128 337,089 8,819 426.942 Total expendlture 257,476 284,895 542,372 93,547 342,216 435,761 Net gain5 1-105ses in inve5trnents Net intome /- expenditure Transfer5 between funds Net movement in funds 10,627 10,627 1,655 1.655 114,692 24,074 90,619 88,168 90,269 2,101 5L,553 51,553 94,753 94,753 52,512 27,479 79,991 4.930 4.484 -446 Reconciliation of fund5'. Total fund5 brought forwards 281,375 195,723 477,098 286.305 191.239 477,544 Total funds carried fon¥ard 228,863 168.244 397,107 281.375 195,723 477.098 The StatemÈnt of Financial Activities includes a1183ins 3nd losses in the period 3nd therÉ*ore a statement of total recognised gèin5 and1055e5 ha5 not been prepared. All ol the above amounts relate to continuing activities. The notes on pages 10 to 18 form part ol these financial statements. Charity nLJmber.. 1187726
MY LIFE MY CHOICE BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible Assets Investmen15 io li 7.797 252.285 5.507 181,658 CURRENT ASSETS Debtors Cash at bank 12 15,334 134.557 10,334 285,134 149,890 295.469 CREDITORS.. Amount5 1311ing due within one ye3r 13 12,865 5,535 NET CURRENT ASSETS 137,025 289,933 CREDITOR5.. Amount5 falling due after more th3n one year NET LIABILITIES 397,107 477,098 FUNDS INCOME FUNDS Unrestricted Incorne funds Restricted re5erve5 14 15 228,863 168.244 281,375 195,723 TOTAL INCOME FUNDS 397,107 477,098 For the period ended 31 March 2024, the charity was entitled to exemption from audit under section 145 of the Charities Act 2011. Trustee5 re5pon5ibilities.. The members have not requirod the charity to obtain an audit of Its accounts for the year in question in accordance with section 145,. and The trustees acknowledge their responsibilities for complying with the requirement5 01 the Act with respect to accou nting records and the preparation of account5. These financial statements were approved by the fflembers of the committee and authorised for issue ,1.1/1.¥4 and are 51gncd on their behalf by.. Adrian Chappell Co-chair of the Trustees Charity number.. 1187726
MY LIFE MY CHOICE STATEMENTOF CASH FLOWS AS AT 31 MARCH 2024 20Z4 2023 Notes Cash u5pd In operating actVItieS 17 - 95,404 1,085 Cash flow5 from investing a1VitieS Dividend5 and interest from investments Purchase of investments Purchase of fixed assets 10,237 - 85,000 5,410 3,08S - 85,0 5,243 Cash provided by (used inl investing activities 80,172 87,157 Incre8sÈ Ideirea5el in cash and cash equivalÈnt5 In the year 150,578 59,568 Cash and cash equivalent5 at the beginning Df the year 285,134 344,702 Total cash and cash equivalent5 at the end of the year 134,557 285,134 Charity number.. 1187726
MY LIFE MY CHOICE NOTES TO THE FINANCIAL STA TEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 ORGANISATION STATU5 My Life My Choice is a Charitable Incorporated Organisation ICIOI. The assets and liabilities of the previous unincorporated organi5ation were transferred to the new CIO on 7 May 2020 when the old charity was wound up. 2. ACCOUNTING POLICIE5 Basis of accounilng The charity constitutes a public benefit entity as defined by FRSIO2. These financial 5tatement5 have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Statements of Recommended Practice 201S ISORP 2QlS1. 'Att£tsuntin8 and Rèportin8 by ChJritie%', i%suod by the Charities Commissic)n and the Companies Act 2006, with FRS102, update bulletin l. Fund accounting Unrestricted fund5 are available lor use at the discretion of the trustees In furtherance of the general objectives of the charity. Restricted funds are lund5 which are to be used i n accordance with specific re5triction5 imposed by the donor or trust deed. Income All income is included in the statement ol financial activities when the charity is legally entitled to the income and the amount can be quantified with rea%onable acturacy. Voluntary Income 15 received by way of grants, donations and gifts and is included in lull In the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when thE charity becotne5 unconditionally entitled to the grant. Investment income and interest receivable Income from investments and deposit interest is included in the statement of financial activitie5 when it becomes receivable. Investment income is included gross of recoverable taxation. Expenditure Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure represents amounts invoiced, including value added tax. Fixed assets Fixed asset5 (excluding investmentsl are stared at cost less accLimulated depreciation. All assets costing £150 or more are capitali5ed and valued at historical cost. Charity number.. 1187726 io
MY LIFE MY CHOICE NOTES TO THE FINANCIALSTATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Depretiatbon Depreciation Is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows.. Office furr)iture- 20% straight1ine Computer equipment- 33% 5tr3ight line Investments Investments are valued at market value at the balance sheet date with net gains and losses arising on revaluation and disposals during the year included in the statement of financial activities. Taxation The Charity is exempt from corporation tax on it5 charitable activities. INCOME FROM DONATIONS AND LEGACIES Unrestdcted Fund4 Restritted Funds Total 2024 Total 2023 Other donations received 1.221 1,221 1.221 2,511 2,511 1.221 Charity nLJmber.. 1187726 li
MY LIFE MY CHOICE NOTES TOTHE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Icontinuedl INCOME FROM CHARITABLE AcfiviTIES Unre5trirted Funds Restri(ted Funds Total 2024 Total 2023 Qxfordshire County Council South Oxford5hire District Council Oxford City Council Oxfordshire Community Foundation Motability Imagine FoLJndation National Lottery Heritage Fund Lloyds Bank Foundation West Oxfordshire District Council NatlDnal Lottery Community Fund ioi.000 ioi,000 114,000 6,596 6,596 6,596 5,500 5,500 4,500 9,126 9,126 41,447 77,608 77,608 23,500 26,920 26.920 27,250 4,251 4,251 4,251 88,289 88,289 Charities Aid Foundation other Trusts and Foundations 31,906 71,379 72,508 3,460 17,336 9,760 172 89,025 24,247 1.381 3,716 463 92,74L 24,709 3,228 Fees received Ticket sales Great Western Railway National LottEry Awards for All Other income 1,848 326 326 131,325 308.969 440,294 428.065 Charity number. 1187726 12
MY LIFE MY CHOICE NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Icontinuedl 5. INCOME FROM INVESTMENTS Unrestrirted Funds Restrlrted Funds Totèl 2024 Total 2023 Bank Interest Diwdends receivable 7,840 2,398 7,840 2,398 758 2.328 10,237 10.237 3.086 EXPENDITURE ON RA151NG FUNDS Unre5trirted Funds Restricted Fund5 Total 2024 Total 2023 Campaigns Gifts and Oonations Advertlsing 5,158 5,158 2,850 4,080 1,889 3,086 80 3,166 3,086 5,238 8,324 8,819 Charity number.. 1187726 13
MY LIFE MY CHOICE NOTE5TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Icontinuedl EXPENDITURE ON CHARITABLE AcfiviTIES Unrestrirted Funds Restrirted Funds Total 2024 Total 2023 Stalling costs Freelance workers Training- st3ff and beneficiaries Recruitment 152,504 21D,205 13,709 362.709 287,812 19,513 13,709 3,626 510 4,135 1,775 1,806 1,049 31.163 1,232 53 3.038 I,ioi 39.553 315 5,216 1,784 33,186 loo Insurance Rent and room hire Wellne55 pack5 Travel and subsistence 8.389 300 L5 1,604 6,609 14,443 7, 195 1,187 51 11,323 6,468 12,927 13.077 7.939 8.306 10.691 Printing and stationery TelephDne and postage IT costs 456 14,899 7,857 1,268 181 662 4.072 Bank charges Equipment Depreciation Refreshments Consultancy fees Membership Repair5 and maintenance 81 1,512 130 3,120 2,008 627 3,120 2,348 12,548 874 4,100 340 2,S41 15.280 1,063 1.765 11,921 39 835 1,918 3,855 14,387 205 1,918 3,855 14,387 844 6.447 Professional fees DBS charÉe Other co)sts i.iio 639 1,290 5.608 4,822 1,077 5,466 10,288 9,096 Governance c05t5 8,019 5,82S 254,390 279,657 534.048 426,942 Charity number.. 1187726 14
MY LIFE MY CHOICE NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Icontinuedl GOVERNANCE COSTS Unrestritted Funds Restricted Funds Total 2024 Total 2023 Independent Examiner'5 fee Accountancy fee5 Trustee Expenses 4SO 450 300 12.587 2.049 12,587 10,068 23.105 1,560 1.231 8,019 8,019 15.086 3.091 9. ANALYSIS OF STAFF COSTS 2024 2023 Wage5 Social security costs Pension costs 313,820 24,054 24,835 362.709 252,411 19,427 15,975 287,812 None of the employees of the charity earned £60,000 or more during the period ended 31 March 2024 The average number of employees during the period was 1112023." 151. All employees are involved in the provision ol the charity's Dbjectives. 10. TANGIBLE FIXED ASSETS Computers Equipment Total COST At l April 2023 Additior Disposals At 31 March 2024 17,314 4,110 16,768 L300 34,082 5,410 21,424 18,068 39,492 DEPRECIATION At l April 2023 Charge for year Disposals At 31 March 2024 14,113 2,400 14.462 720 28,575 3,120 16,513 15.182 31,695 NET 8OOK VALUE At 31 March 2024 4.911 2,886 7,797 At 31 March 2023 3,201 2,306 5.507 Charity number.. 1187726
MY LIFE MY CHOICE NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Icontinuedl 11. INVESTMENTS 2024 2023 At 51art of year Additions Unrealised gain At end ol ye3r 181,658 70,627 95,003 85,000 1,655 181.658 252.285 12. DEBTORS 2024 2023 Trade debtors 7,647 1,368 6,319 2,690 1,276 6,369 Prep3yment5 Other debtors 15,334 10.334 13. CREDITOR5 2024 2023 Trade creditors Accruals Other creditors 4.738 1,450 6,678 12,865 53 5,483 S,S35 14. UNRESTRICTED INCOME FUNDS Balan 3t31 March 2024 Balance at I April 2023 Gains l- 1055es on inve5tmentS Income Expenditure Transfers Contingency reserves 24,664 24.664 GenÈrèl reservo 256,711 142,784 142,784 257.476 10,627 51,553 2N,199 228,863 281,375 257,476 10,627 51,553 Charity nu mber.. 1187726 16
MY LIFE MY CHOICE NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Icontinuedl 15. RESTRICTED INCOME FUNDS Balance at31 March 2024 Balance at I April 2023 Gains / 105se5 on investment5 Income Expenditure Transfer5 Group5 88,822 124,307 78.858 100,489 112,640 2.535 39.277 Travel Buddy Champion5 Power Up fjis Buddy Covid-19 Computer Buddy 921 39.277 1.963 3,951 54,296 - 77,244 26,920 73,885 31,626 2,743 71.320 6.510 54,296 6,493 5,000 4,217 7,276 Total lund5 195,723 308,969 284.895 51,553 168,244 Purpose of funds= Groups: Members meet, learn new 5ki115, speak up and make new friends Travel Buddy: Mernbers learning to tr3vel independently Champions- Members speaking up and campaigning to irnprove the quality of life for people with learning Gig Buddy.. Members getting out and having fun Power Up (Professional Service51.. Members train their peers, produce films ar)d act as consultants to raise awarene55 of learning disabilitv Issues. Health & Happiness." Improving health and wellbeing Computer Buddy". Supporting member5 to be di8ltally included with free devices and training. 16. ANALYSIS OF NAsSETs BETWEEN FUNDS Tangible fixed assets Net assots Total Restrirted funds Unrestricted Funds 168.244 221.066 168.244 228.863 7,797 7.797 389.310 397,107 Charity number.. 1187726 17
MY LIFE MY CHOICE NOTE5TO THE FINANCIAL STATEMENT5 FOR THE PERIOD ENDED 31 MARCH 2024 Icontinuedl 17. Reconciliation of net movement in funds to net cash flow from operating a£tivitse5 2024 2023 Net income/expenditure fortheyearlas perthe Staternent of Financial Activitie51 Add batk depreciation charge Investment income - 90,618 2,101 3,120 4,102 10,237 3,086 Decrease lincreasel in debtors Increase Idecreasel in creditors Net cash used in operating activitie5 4,999 31,153 7,330 2,479 - 95,404 27,589 18. TRUSTEE REMUNERATION, KEY MANAGEMENT PERSONNEL ANO RELATEO PARTYTRANSACTIONS No rnember of the board of trustee5 received any remuneration for the role as trustee during the year. Sorne trustees received paymp.nt for professional services supplied to the charity.. £9,09612022123.. E5,9621. Trustees were reimbursed a total of £972 lor travel expense5 directly attributable to their duties as trustees during the year. The Key Management Personnel comprise the Trustee5, Charity Co-OTdin3tor and DepLJty Charity Co-ordinator. The total employee benefits of thè key managernent personnel were £109,23312022123.. £105,602). Other than the payment to trustees for services disclosed above, there were no other related party transaction5. Charity number.. 1187726 18