REGISTERED CHARTfY NUMBEL. 1190459 TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 L¥OVEMBER 2023 FOR LIFE IN LONDON TRUST Cbartered C¢rtified Accountants Solar House 282 Chase Road London N14 6NZ
LIFE IN LONDON TRUST CONTENTS ofi THE FINAF4CIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Page Truste, Report Independent ExamlDer's Report ststement of Fillallelal Activities Balance Sheet Notes to the Flnanelal Statements 7 to 10 Detalled Statement of FID*ncl41 Aetivltles
LIFE IN LONDON TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 The tsusteeg present their repon with the financial statements of the charity for the year ended 30 November 2023. The trust¢eg have adopted the provisions of Accounting and Reportitig by ChaTities'. Staternent of Recommended Prneti¢e appli¢able to charities preparing their accounts in accordance the FinaTJcial Reporting stadard app]icable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OWECTtVES AND ACTIVMES Objectives and actiiltSes for the public benefit Prevention or relief of Poverty= Prevention of poverty by providing advice to disadvantsged alld homeless people- Thig will be achieved by obtaining professional assistance from oth¢r organisations pnd public bodies to provide targ¢t¢d advice to those in need. Help relieve poverty of disadvantaged al homeless people- The tNst will raise fibndg to provide basic essential items such as clothing and food to disadvanlaged groups such as homeless people, elderly residents in social housinornes, residents of women's refuge&QJostels. hospices and similar establishments. The ttwst will rnise fimd8 to assist public organisatiotts helping those in lleed by reason of youth or ill health by providing norntsl it¢ms that are generally tsk¢n for granted by most individuals. The advancement of education: The tnt will promote edueation by supporting existing education establishments that provid¢ both forn] and community edatIon or assist in the developtnent of individual Capabilities, competences alld ski]l$. The tn]sl will also support organisations which fiu]d people's education. The relief of those in need, by reason of you1 age, ill-bealth, disability, f]llancial bardship or other disadvantage." The trust will rai fimds to assist public orgallisations that provide accom]nodation and eare to those in need by reasoll of youth. age, ill health, disability, fll]atscial or other disadvantsge. This will be in the forni of f]nan¢ial &8SiStance or the provision of lten required by sueh organisations to provide tbe appropriate level of aeconunodation or core. Th¢ promotion of menthl or mo1 2llJprovement'. The ttwt will raise fithdg to assist the provision of services by other charities or public organisations that prornote mental or rnoral improvern¢nL Grantmaklllg #nd donatlons Grants and donations will be provided to any organisations that promote the objeetiv¢s of the trust. The ttugtees B711 approve. confinn and docum¢nt con)pliance with this criteria before any lS or donations are rnade. Volunteers All tnjsteeg atsd member5 of the tswt perforni all their ftIonS and duties on a voluntsry basis. No Temuneration directly or indirectly out of the fimds of the trust was paid or is paydble for the year to any ttustees or volunteers or to any person or persotL8 know to be conllected with any of the trustees. Page I
LIFE IN I.ONDON TRUST TRUSTEES. REPORT FOR THE YEAR EP4DED 30 NOVEMBER 21123 ACHIEVEMELIT AND PERFORMANCE Charltable activities During the year Life In London Trnst delivered a rther 17 projeets in line with tbe objectives and aims of the organisation consisting of the fol]owqng'. Christnths 2022: Gifts for children in Noab's Ark and HaveTh House hospiees Gifts for children alld young adults iti Si Christophe15 Fellowship homes Survival packs for both men women in domesiic violence refuges Food hafflpers for the ¢lderly Easter egg distribution io children in hospi¢es and St Chtis¢oph¢es Fellowship homes in April 2023. Monthly digtribution of food and essential i*ms to hom¢less people in central London. Fundraising acti11¢$ The tswst rais¢d donations via ¢ollectioTrs alld personal donations totsllmg £29,771 (2022.. £16.469). These fi]nds were used for the 17 projects perfomied and for ttt projects. The trust organised a Snowdonia fundraiser for the charity and for Mind ID Harrow in July 2023. The volunteers raised £10.424 and a donation of £5,212 was paid to tbe charity Mind in Harrow to suppirt their rnental health a¢tiviti¢s in North London. tnvestment performaD¢e During the year no interest of was received on the fillbjs held in the bank account (2022: £Nil). FINAf4CIAL REVIEW Principal fundiDg 50urees The tsust'5 principal sources of ndIng are from direct donations and ¢ash eolleciions which raised £10,528, Online donations raised from the charities website and Just Giving appeals of £17,806. A Further £1,43712022.. £1:1361 was received in the forni of diYpKt donations of itetns or services. Reserves policy As at 30 November 2023 the ttvst resetves of £21,204 which will be used for firture projects.. The m]st aims to maintain a minimum reserve balance of £1,000 in ord¢r to ensure the coniitiued delivery of activities iti line Thith li's objectives and aims. FUTURE PLANS Life in London Trnst is registered as 8'foundation' Chari¢able IncOrraTed Organi5ation numb¢r C.'E022574 on 20 July 2020 and has now received a Gift Aid number from FIMRC to be able to clain) Gift Aid on donations r¢¢eived where applicable. It is anticipatcd that this ll1] assist to obtain more funding for its future charitsble projects. STRUCTURE. GOVERTr4AI¥CE AND MANAGEMENT Governing d•eument The trust is c¢)ntrolled by the Clwi'ty Commission'6 model'foundation, CIO constitution. Reerultment attd appointment of new Iru5tee$ Th¢ election of tNstees L5 fonnalised in the eonsiitution. The foutmler trustee is appoiuted for 4 years and the first members of th¢ trust are appointed for three yeors. Orgalllsatioll31 strueture The CIO currenily has a founder mstee and four additional truSe8. Page 2
LIFE IN LONDON TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 STRUCTURE, GOVERf4ANCE Af4D MANAGEMENT Induction and trainlng of new trustee There are no forn1 polici or procedures foy the indu¢tion and training of tswteffj however new trustees are Provided with a copy of the constilution end the trusvs accowiis. They are also given guidance as published by the Charity commission with regards to their rol¢s and responsibilities {Guide CC3 and welcome pack) and the existing tsitste¢s also provide 11 support and guidance. REFERENCE AI¥D ADMINISTRATIVE DETAILS Registered Charity Dumber 1190459 PrlD¢ip*I address 43 Oakwood Crescent Winchmoie Hill London N21 INX Trmstees Mrs R KalRa Ms R Kalia Mr T H Theodorou Mr B S Kambo (Appointed 24.2.23) Mrs S Tsangari (appointed 24.2.23) Independent Eumintr Freemans Partnership LLP Chartered Certified AccountanLs Solar House 282 Chase Road London N14 6NZ COMMETrICEMENT OF ACTIVITIES Th¢ mist commenced on l December 2018 with a Christmas pioject to give gifts to children in St Christopherfs Fellowship homes and children's hospi¢es in North London.The trust registered as a'foundation, Charitable Incorporaied Organisation nLllnber CE022374 on 20 July 2020. Approved by order of the board of tnLStees on 27 September 2024 and signed ¢)n its behalf by.. Mrs R Kalia- Tntte Page 3
KNDEPETr4DENT EINER's REPORT TO THE TRUSTEES OF LIFE IN LOTrIDON TRUST Independenl txamlller's report to the trustees of Life in London Trust I report to the charity lnJste on rny examination of the awouttts of Life in tA)ndon Tnt (the Tnt> for the year ended 30 November 2023. Respollslbiiities basls of report As the charity tsustees of the Trust you are responsible for the prepardtion of the accounts in aeeordallce with th¢ requirements of the Clwiti&% Act 20I I I'the Act.). I report in respect of my examination of the Trugt's accounts earricd oui wider Section 145 of the Act and in carying out my examination I have followed all applicable Directions given by the Cljarity Cornmi&sion under Section 145(5)(b) of the Act. Inilependent exan)iDer'5 Stfitement I have completed my examination. l confirm thai no material matters have come to my atteDtion in ¢onn¢ction with the examination giving r(Le Cause to believe that in afty m&terial respeci: ac¢ounting records were not kept in respect of the Tn1 as requitrd by stion 130 of the Act. or the a¢counts do not accord with those records,. or tbe COuntS do not comply with the applicable requirements ¢on¢erning the fonn and content of accounts Set out in the Charities {A¢counts and Reports) Regulations 2(X)8 other than any requirement that the accounis gkve a twe and faiT view whieb is not a matter considered as part of an sndepend¢nt exan]ltion. I have no Concerns and have ¢om¢ across no other matters in connection with the examinatlOD to whieh attention should be drawn in this report in order to enable E4 proper Understanding of the accowLts to be reached. Mry nnkis Spyrou Bsc (Hons), FCCA Freemans Partllership LLP Ch8rteied Certified Accountsnts Solar House 282 Chase Road London N146NZ 27 September 2024 PaEe 4
LIFE IN LONDON TRUST STATEMETrIT OF Fif4ATrICIAL ACTIVTTIES FOR THE YEAR ENDED 30 NOVEMBER 2023 311.1123 Unrestrficted fullds 30.11.22 Total fimds Notes INCOME AND ENDOIVMENTS FROM DoDatiODS and legacies 29,771 16,469 EXPENDITiUiE ON ChAritable actlTr4tie5 Chtistmas projects Homeless projects Mind mental health All projects 1,214 15,487 5,212 2,652 352 6,542 1,747 Other 461 Totsl 25352 9,102 NET INCOME 4,519 7.367 RECONCILIATION OF FUNDS Total fimds brought forward 16,685 9.318 TOTAL FUNDS CARIUED FORWARD 21,204 16,685 The DQt¢s forni part of these f]naneAal statements Page 5
LIFE IN LONDON TRUST BALAf4cE SHEET 30 NOVEMBER 2023 JO.11.23 Unrestricted funds 30.11.22 Total Notes FIXED ASSETS Tangible assets 1,404 I,589 CURRENT ASSETS Debtors Cash at bank and in hand 3,166 16,634 1,645 13,451 19,81HI 15,096 NET CURRENT ASSETS 19JOO 15,096 TOTAL .4SSETS LESS CITRRENT LIABILITIF.S 21204 16,685 NET ASSETS 21,204 16,685 FUNDS Ut]restricted funds 21,204 16,685 TOTAL FUP4DS 21,204 16,685 The fjnancial statements w¢re approved by the Board of Trustees alld authoris¢d for issue on 27 S¢ptend)er 2024 and were signed on its behalf by.. Mrs R Kalia- Tntee Mr T H Theodorou- Tnte¢ The notes forni part of these finawial 5tstements Page 6
LIFE IN LONDON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR Ef+lDED 30 NOVEMBER 2023 ACCOUNTING POLICIES BAsl$ of prep4rlllg the flnanclal 8tgttmeDts The fllTrncial ststements of the charity, which is a public benefii entity under FRS 102. have been prepared in aceordance with the Charities SORP IFRS 102) 'Accounting and Reporttng by Charities.. Statement of Recommended Prdctice applicable tt> charities preparing their accounts in accordance with the Financial Reporting StsndArd appli¢abl¢ in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Finan¢ial Reporting Standard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republie of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cosi convention. IDeome All ineome is recognised in the Statement of Financial Activities once the charity has entitlement to the fimds, it is probabl¢ that the income will be received and the amol1 call be measured reliably. Eipenditsre Liabilities are recognised as expenditure as soon &$ th¢r¢ is a legal or cOnsttive obligation conmiitting the Charity to that expenditure, il is probable that a transfer of economie benefits will be required in settlement and the arnount of the obligation call be measured reliably. Expenditure is accounted for on an accruals basis and been Classified undeT headings that aggrega all Cost r¢lat¢d to ihe category. Where costs cannot be directly atttibuted to particular headings they bave b¢en allocated to activiti&s on a basis consistent with th¢ we of resources. Tangible fjxed a%%ts DeprlatIOn is provided at the follollg al)n81 rat&s in order to write off each a$5et over its estimated usefvl life. Safety equipment General equipjnent 20fy/o straight line 200/0 straight line Taxatlon The ci)arity is exempt from tax on its charitable activities. Fund aeeountlng Unrestricted fimds Can be used ID accoTdan¢¢ 7th the charitable objcctiv¢s at the di9¢tion of the trustees. Rebtrieted funds can only be used for particular restricted purSeS within the objects of the ¢harity. Restricttons arise when specified by the donor or when fijnds ore raised for particular iestricted purposes. Further explanation of the DatyTe and pur of eaeh fund is included ill the lloies to the funCial staiem¢nts. TRUSTEES, REMUNERATION AND BENEFs There were no trustees, rellLUl4ti0Tr or other benefits for the year ended 30 November 2023 nor for tbe y¢ar ended 30 Novembey 2022. Trustees, expenses Th¢r¢ w¢r¢ no trSteeS, expenses paid for the year ended 30 November 2023 nor for the year ended 30 November 2022. Page 7 continued...
LIFE IN LONDON TRUST P40TES TO THE FIIYANCIAL STATEMENTS - CODtinued FOR THE YEAR ETr4DED 30 NoVELBER 21123 COMPARATJVES FOR THE STATEMETrIT OF FINANCIAL ACTIVITIES Unr¢stricted funds INCOME ATr4D ENDOMThqENTS FROM Donation5 and le8a¢ies 16.469 EXPENDITURE ON Charltable activities Christmas projects Homeless projects All projects 352 6,542 1,747 Other 461 Total 9.102 NET INCOME 7,367 RECONCILIATION OF FUNDS Total fimds brought fonvard 9,318 TOTAL FUNDS CARRIED FORWARD 16,685 TANGIBLE FIXED ASSETS Safety equipment Generdl equipm¢nL Totals COST Ai l December 2022 Additions 271 120 2.349 382 2,620 502 At 30 November 2023 391 2,731 3,122 DEPRECIATiof4 At l December 2022 Charge for year 217 78 814 609 1.031 687 At 30 November 2023 295 1,423 1,718 r4ET BOOK VALUE AI 30 November 202J 1,308 1.404 At 30 November 2022 54 1,535 1,589 Page 8 continued...
LIFE IN LONDON TRUST NOTES TO THE FINANCIAL STATEMENTS- CDntlnu¢d FOR THE YEAR EP4DED 30 NOVEMBER 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.11.23 30.11.22 Prepa5rynents and accrned income 3,166 ,645 MOVEMENT IN FUNDS Net movement in fimds At 1.12.22 At 30.11.23 Unre$tri¢led fund General fid 16,685 4¥19 21304 TOTAL FUNDS 16,685 4,519 21,204 Net movemenl in funds. in¢luded in the above are as follows.. Incomin8 resources Resources expended Movetnent Unrestrlcted funds General fund 29,771 (25,252) 4519 TOTAL FUNDS 29,771 (25,252) 4,519 Conyaratives for movement in funds Net movement in fvnds At 1.12.21 At 30.11.22 Unrestrlcted fund5 Generdl fid 9,318 7,367 16,685 TOTAL FUNDS 9,318 7,367 16,685 Comparative net movement in fimds. included in the above are as follows.. In¢oming R¢sources expended Movetnent in ful$ Unre8trScted fund# General fimd 16.469 (9,1021 7,367 TOTAL FUNDS 16,469 (9,102) 7,367 Page 9 ntinued...
LIFE IIY LONDON TRUST NOTES TO THE FINANCIAL STATEMENTS- contiDued FOR THE YEAR ENDED 30 NOVEMBER 2023 MOVEMENT IN FUNDS- continued A cwrent year 12 months and prior year 12 months Combined position is as follows.. Net At 1.12.21 movement in funds Ar 30.11.23 Unrestricted funds General fimd 9,318 11,886 21,204 TOTAL FUNDS 9,318 11,886 21,204 A current year 12 months and prior year 12 months combined n¢t movement in funds, included in the above are s follows: Incoming resources Resowces expended MovenwAt in funds UDrestrieted funds General fvnd 46240 134,354) 11,886 TOTAL Fuf4DS 46,240 134,3541 11,886 RELATED PARTY DISCLOSURES There wer¢ no related paty transactions for the year ended 30 November 2023. Page 10
LIFE IN LONDON TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2023 30.11.23 30.11.22 INCOME AND ENDOWMENTS DoDatlons and legaele8 Online donations Cagh and direct dollations Donated items and setvices 17,806 10,528 1,437 375 15,333 761 29,771 16,469 Total ineoming rewurees 29,771 16.469 EXPENDITURE Charitable #¢tiviti¢s Glfi iiems Bags and gift wrapping iiems Donations paid Food and toilety items Clothing & personal care iten Online and card donation fees Motor and Trav¢lling 1,214 558 5,212 9,199 6,288 352 548 4.650 1,344 23 579 652 23,173 7,496 Other Depn of safety equipment Depn of general equipn)¢nt 78 609 54 407 461 Support costs ManA8ement Cleaning and PPE supplies Postage and stationery Advertising and promotion 67 iii lJ14 37 45 1.063 la92 1,145 Total resources expended 25,252 9,102 l¥et Income 4,519 7,367 This page does not form part of tb¢ statutory fmancial staternents Pag¢ll