Charity règistratlon numbèr 1194890 LIVING KEYS CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 K£¥s fo Xr£kn/K Z>o/Kstsc A6uss EST. 2021
LIVING KEYS CIO LEGAL AND ADMINISTRATIVE INFORMATION Tru5t•es A Jewrtt M Harper R Blakemore K Harper S Crosby A Bannister S Jew¢tt Key management rsOnnel L Huskisson IGEO} K Smith IM8nagerl IResign8d 28 July 20231 Charity number 1194890 Princlpal address The George Alcock Centre INhittlesey Road Peterborough PE2 8QS Independent examiner Kery Hilliard ACA FCCA CTA
LIVING KEYS CIO CONTENTS Page Chairman's stalement Trustees. report Independent examinerfs report Statement of financial aclwities 10 Balance sheet 11 Notes to the financial slalement5 12-20
LIVING KEYS CIO TRUSTEES. INTRODUCTION FOR THE YEAR ENDED 31 MARCH 2024 "I sUffed from abus8 forover 10 years. groon7edinlo proslilution. ond was almost killed 3 limes. I neverh8d o voic8 at all. I was $cad to SP8ak out and was afraid to go to the police. B8Gk then, Domestic abuse was frowned upon. I believed, from Ihe polA¢9. 1 heard an officer one say "oh its j(4sl a domestic" "Don7estic &buse is on the rise and is still é huge problem in the UK and beyond. I left my abusive partners, by ffunning away and becoming homeless. I hated life and didn'l think I hacl èftything to live for. tried suicide, that didn't wo. but then 2 ladies came lo my rescue 1986. They helped and supported n7e and helped me tL> change and live a life forpuwose. l am now a Chrislian, God r8scuecl me now I live lor Him, rescuing otheN% fll)m abuse. Once upon 8 ¢Ame, I n8ver had è vthce, now I am a voice formany. by the 9race of Gocl My tragic life, now 8 testAfflony for othets. Linda Huskisson Founder ol Living Keys. Living Keys officially became a CIO Charity in June 2021 and continue to work haid in making a difference in the lives of our beneficiaries in various ways. We continue to provide free courses for women who have been victim to domestic abuselviolence. These course5 ale delivered face to face and also on zoom where many live in isolation and unable to sign up lor courses close to where they live. We were very pleased to be invited to the first Domestic Abuse Conference. held for the first time in Peterborough and Living Keys were able lo network with tsther agencies. known and once, unknown. and we now receive many of our referrals through IMPAKT housing. Social Subscribers. Rape Crisis, Mental Health Team, GP'S. IOVA Team Ilndependenl Domestic Violence Agency) Peterborough City Council, Social Services, Barnardo's and more. We are now in our second year of having office space and as we have this space, we have been able lo support clients more. with 8 Drop In Service which is held on Monday afternoon's and we can support with support letters. advocacy, setting up appointments to attend court with victim, supporting them with housing issues. debt, benefits. signposting to other 8gencie5 il we are unable lo help. we can also refer lo Caiezone. a local charity thal provides free fumiture and bric-a-br8c for those in need, and lo the foodbank. We often get loiletrie5 donated from Boots and these go OLJt to ladies that have fled domestic abuse and to those in need. we also provide emtstional support for many. This year ha5 been a d)allenging year and some changes needed to take place. Kelly Smith has now left Living Keys. She played a big pari of Living Keys and will be sadly missed. She is now a mum and we wish heT all the best in her new season of life. Linda, our CEO had been diagnosed with biea5t cancer and went through chemotherapy, surgery and then radiotherapy. Although this was all going on, Linda dec1ded that she wanted to continue to work as il gave her a focus on others instead of the cancer. Linda continued to deliver courses, face lo face and zoom, she continued with Femi. to look foi funding. kept up with the finance side ol things. Linda sadly had to let Femi 90 85 the funding was going down and Living Keys could no longei afford to keep Femi on. We are pleased to announce that Linda is now cancer free and continues to work hard in the Community to support and bring 8warenes5 tsf domestic abuse. Living Keys found it r8ally difficult to find funding and it is times like this that ytsu appreciate those who support on iegular basis, and to a funder, wishing to remain anonymous, who happily gave us £2,700 to cover 6 months, rent. Linda called a meeting with the Trustee's due lo the issues we were all facing iegarding funding. Linda said that the money we have left in the bank needs to be spent on the courses and drop-ln centie which Linda nomally received a wage. Linda said that the money must be spent on the ladies, and therefore. stopped her salary and worked voluntarily, at least until funding could be found to sustain the work ol Living Keys. Cherished Support Group was Set up 9 years ago when Linda was still employed wrth a local housing association and continues to meet with ladies, providing topics that encoLJrage and uplifls others. creative arts and crafts and having guest speakers in Linda ¢ontinues to run this Group every Monday morning. offering lots of tea and coffee, biscuits, Cake and lots ol love.
LIVING KEYS CIO TRUSTEES. INTRODUCTION FOR THE YEAR ENDED 31 MARCH 2024 Cherished 9 Birthd8y. celebrated with a Home baked and beautifully decorated cake. Some Cherished Ladies- handmade Easter Cards Cherished painting plates. Living Keys now has 7 Volunteers who work lirelessty to make a difference in the lives ol others. Linda and some of her arnazing volunteers Living Keys continues to be subcontracted by Boslon Women's Aid to facilitate the Freedorn Progiamme and nov4 also delivering Hope2Recovery Couise in Refuge. In Seplembei 2023, we were approached by Enfield Women's Cenlre, asking il Living Keys could deliver the Freedom Progiamme ori their behalf. So. we are now subcontracted by IherN also and deliver the Course via Zoom. The Trustee's are very proud of those who work tirelessly for the work of Living Keys. Linda has made great progress with other agencies who also work with Domestic Abuse and continue to rneet on a iegular basis tts discuss what each agency is doing and what is also needed. Regular meetings are held with IDVA team. Women's Aid. Peterborough City Council, IMPAKT Housing, Rape Cnsis and Police. Although this has been a challenging year, Living Keys responded really well to the challenges and sacrificed salary to continLJe the work that Living Keys offers. Linda continue5 to be very dedicated lo the wgrk of Living Keys. Linda is supposed to be coming to retirement age in 2025 but says that she plans to keep going until the Good Lord tells her otherwise. Sharon Crosby Trustee Dated
LIVING KEYS CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The ITuslees present their annual report arid financial statements ftsi the year ended 31 March 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 charity'5 governing document. the Chaiities Act 2011 and 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to chaiitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repub5ic of Ireland IFRS 1021 leffeclive 1 January 20191" Objectives and activitiès The ¢harity's objects are the relief of physical and mental distress by providing educational support to any person that has experienced domestic abuse. We will achieve this by". Supporting people lo develop confidence in their ability to create a new and brighter future. Iphone support. emotional support, safety planning. sign posting, providing a drop in service and workshops. Enabling people to move on from their past with a better well-being and new ways ol thinking and behaving by providing Therapeutic interventions such as Cognitive behavioural therapy based courses such as The Adult Domestic Abuse Recovery Toolkil course, also counselling wilh a CBT CoLJnsellor. SLJPPOrting people to value thernselves by understanding abuse and their experiences and have pride in their progress and achievements This is also done through pioviding free courses, such 85 the Freedom Programme. (Nationally Known) Hope2Recovery co(Jrse. Creating Support Networks and a sense ol belonging Cherished support Group. Freedom Hub, Drop in service. Activities, Social media with pnvate groups so our clients can stay in touch. Also Zoom rn88tings for those that live in ruial areas. Empowering Survivors to achieve a sense of purpose and potential by volunteeiing. Poverty Relief - Providing referrals to foodbanks, Carezone. also providing toiletries and toiletry bags. providing workshops 8round budgeting and debt and Living Keys SWAP SHOP. (fwice yeadyl. Living Keys provide a person centred on-going support for people who have been affected by domeslic abusel violence, whether historically or current. We believe each person's experience is different and we will value and listen to those differences, giving people support and choice in how they use our setvices, empowerin9 them and giving them tools to go on and live abuse free lives and enabling them lo recover and build confidence and self-esteem. Our locus is on bringing tools of knowledge and freedom to those who have been victs'm lo domesti¢ abuselviolence using a trauma informed approach. Abused survivors lace many difficulties when trying to rebuild their INes going Into fuge, moving to an area that they don't know, starting life again, finance, Child 5UPPOrt, feelino isolated and alone. Many abused survivors who have gone to refuge often have IDVA or Women's Aid Iwhen case is currentl, when specialist support ends after Ihe initial crisis, victims feel alone once again. We are cornmitted tts supporting our dients achieve long term recovery. We believe this requires a combination of inlervenlions which we deliver in a variety of ways with our online and face to face courses, $iJpport Group, Freedom Hub, Drop in services and workshops. Also counselling when funding is available. The trustees have paid due regard to guidance i55LJed by the Charity Commission in deciding what activities Ihe chaiity should undertake foi the public benefit.
LIVING KEYS CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance This last yearwe have completed 5 Freedom Programmes- including online and lace to face Inot including Women's Aidl 11 week course, 2 Hope2Recovery, 6 week course. and 3 Adult Domestic Abuse Recovery toolkil.112 week course). This included 3 x evening courses on zoom for those who work and unable to gel time off to attend the course. We also completed 3 Freedom Pro9rammes lor Boston Women's Aid, 2 Hope2RÈcovery in Refuge, and a further Freedom Programrne course for Enfield Women's Centre who approached Living Keys to facilitate the course on zoom as they had struggled to get a course set up and running. We are also Continuing to meet al Cherished Support Group, 8 group that Linda fomed 9 years ago, and still going strong. Here our ladies are welcomed, loved and accepted. Here we continue to provide Arts and Crafts, workshops for women that affed their health, like our Mentspause Workshop, which went down a treat and we have been asked if we can provide a furth8r one in the future. which we are now looking into. We carried out a lurthei SWAP SHOP, as it carne back after popular demand. This is an event where our clients can bring in clothing that is loo bi9, too small, childrens, ladies and men's clothing and they can leave with a new wardrobe totally free of charge. A few ladies from our SWAP Shop Living Keys family day out at Ferry Meadows. Afèw of our ladies Irorn one ol our courses. Living Keys also attended "White Ribbon" day, remembering those who have been through abuse and those who have lost their lives lo abuse, and lo bling awareness that violence and abuse in a ielalionship is wrong. We met wrth other Agencies at the Town Hall and even rnet the Maytsr who really showed an interest on the wtsrk that all Agencies did to support victims of abuselviolence. As Linda. the foLJndei of Living Keys had been poorly and not able to complete as many events as she would have liked to to raise funds, she continued to soldier on when she could with hei faithful volunteers, and were able lo attend Christmas Fayre. a Spring Fare and also pul on an Afternoon Tea event. We were able to raise much needed funds for Living Keys and everyone enjoyed their lime together at each event. Our Referrals come from various agencies such as IDVA team, DASS IMPAKT. men181 health team Rape Crisis, Social Services, Local housing agencies. Pelerborough City Council and clients can 81$0 self refer. We have assisted 192 people over the course of the year. Although we are happy that Living Keys is now established and known by Agencies, it is really sad to know that the stalislics ol abuse is still very high and continues lo increase. We continue to work with Boston Wornen's Ad1 ISOLDASI and have also carried out a further 3 Freedom Programmes and 2 Hope2Recovery courses. Living Keys has established a greal work rel8lionship with Boston Women's Aid, and we will continue to do so. Linda is now invited to speak at the 2024 Lincolnshire Domestic Abuse Conference. Enfield Wotnen's Centre also approached Livin9 Keys asking if we could deliver course5 for them as they don't have anyone close by to be able lo do this. Living Keys gave them a quote lor the delivery of Freedom Programme and il was accepted and we will continue to support them until they can find another facilitator.
LIVING KEYS CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Voices of lived experlence We continue to recognise the power ol lived experience in shaping or service and our staff and volunteers have lived experience and some are ex service users. Emma's Story- Volunteer 'Aflera lile lime of 8bu5e I ftrundmyself yet anotherand was vicffjously 855aulled, my home seveTrly damaged ènd my young puppy wgs traumètised. Thffjs time l involved th9 police and aged lo support from other seNA¢es . I was deeply affecled and I suffer with GPTSD. One of the seNices I was off8red was the freedom programme by Living Keys. 3 months afterthe assault. I went on to complete two freedom programmes and on the second I decided that Ltving K8ys was my safe place, when ther8 were very few and I wanted lo give back I began volun188ring which has helped not only otherpeople bul also n7yself in my recovery and 8 hug8 leap to getting back into wofr*. I hève been able lo bnng my stn9th$ lo the charity, with my experienGes both personally and during w01ng life , which in tum has gffjven m8 a chance to bring my p&An to pumose . Ew8ryone at Living Keys a v8ry passionate work very haftl to give as much 88 they can to their mles, full ofjoy and wmpassion to everyone they meel. I tmly believe fhat witl?oul Living Keys I would not be living the lile I hève now orquite possibly nol herg At All . Llvlng Keys Volunteer and prèvious client Story from a Ser¥i¢e UBer= I came from Nigeria on 8 work pemiit with my 2 tl8ughtefts and my abusive husb8nd, htrping that moving lo the UK would change him. I became 8 live in carer and my husband was sponsible fortaking care ofthe children When I found out he was abusing my 13 year tsld daughter 8nd beating her, l pOrted him lo Ihe police and we moved to my sisters so we can feel safe. I needed to get back inlo th8 woffkplèce and conlacled my employers who had aclvised me that I could conlinue to work with them as they are known throughout UK and have many otrices. I moved to Petert)orough as they had an office there but I didn't know wh8t to do. l nted a 3 bedroom hom8. pvate landlord, with absolutely nothing in il olher than 8 cookerand a fridge Som8one pointed me in the dire¢lion of Ltving Keys and I contacted Ihem spoke to Linda. 18xplairJed my situation 8nd she was so kind and comforting. The nexl day she was at my door, with a refeffal forn for the ca Zone. she look me thets I was delighled lo get a 3 piece suite a double bed. a lable and Gh8irs all for ffe along with brand new bedding. I still needed so much as we had come away empty handed, and Lind8 8nd Emma got on soci81 media. got in touch with CheiFshed Ladi8s and COFJtacted the ChurGh that she èttends. Before I knew it the were pols pans, dinner plates, kettle. tO8Ster. microwave, MO bedding. 8 chair and more... il just kept coming. I willalways be graleful forLinda and Emma, as they w8re myAngels when I needed h81p. Words fail me, mygratitude is so big for them. They supported me to attend 8n aPP8al to get one of my daughters in the school that was near our home, and this too was successful. Gtsd has blessed me with amazing friends who h8d w8lcomed us andpthyed and supported us wilh everything Thènk you from the bottom of my heart.. We firmly believe in Ihe powerof INved experience and know il give us capacily to gain an aCGur818 bnd deeperinsighl into ourprocess8s and seThi¢es and 81s0 offers hope lo those at th8 Start of their joumey. We a reallypleased to say Ihal the team has grtrwn and we now have 5 volunleers. All oflhem with lived expenence of domestic abuse/violence and all of Ihern dedicated in their ro18s of volunleer, making a diffe¢8 to the lives of those coming through our doors. Lind8. our founder says This is what Living Keys is all aboul. dedication, commitment in making a difference. Volunt8ers have become famAly. They éts twly am2zing- seeing others grow n confjdence and finally feelii?g satisfied with theirnew lives is awesome beyond words.
LIVING KEYS CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Impact When we set up as a CIO, we created feedback foms lo review the impact on our service users, and lo ensure we were makin9 continued improvements. We wanted to be sure we were meeting the needs ol survivors of dornestic abuse and continue to support their long-term recovery. It Is important to us that we hear the voices of our service users and have adapted to accotnmodate their needs. The feedback we received demonstrates this by.. 100Q/o of beneficiaries were made to feel welcome when lirsl reaching out to Living Keys. 98°/o of beneficiaries state that Livino keys partially or fully mel their needs. 100°/o of beneficiaiies said it was really helpful to rneet otheis lacing similar challenges. as they previously thought they were alone In this. 99¢/0 of beneficiaries said Il was helpful to meet with others facing similar experiences. Some of the feedback comments we have received ovèr this last year highlights the positive impacl we have. "I was very sceplical when I fitst walked the do0 of Liwng Keys. I think everyone fell the $8m8 on the day we 8fflved fcir the Freedom Progr&mme. The firsl session was an introduction to the course and Ihe facilitato ol the course. and getting to know each other. We We offered a drink on arrival artd biscuits ancl we got our books and my heart was pounding, thinking What8 you daing hets? Linda has such 8 gentle spiftl and voice, and I cotjldn't believe it when sh& had shared that she had also been through abuse and herpassion is lo see others sel [e and liv8 an abuse ffe life. Her passion shone through and the fallowing week I had no hang ups about attending the course, I felt safe, I lelthe8rd, I fell accepted. I will be forevergtefUl to Linda and herleam al Liwng Keys."(Freedom Prograrnmel "I have been away from the abuse foralmosl 5 years. 8nd I still got triggered and still fell neffvous about goirjg out 8nd being 'a nonnal human being.. l attendecl the Drop In Seffvffjce and mel Living Keys wolunle8rs who made me feel so W81come, I completed the fonns I needed to fill in and then I met Linda. What a iVOMANj Wh8t can I say 8bout her. a breathe of fresh air. 811 I can say she genuinely CaS. sh8 js the real deal. I was inwited onlo the Domestic Abuse Recovery Toolkit and il was th8 best Ihing l every did. I neverknew there We str many women and childn going Ihrough abuse, It allY has changed n7y W8y of thinking. l am no longer8 "can t do" woman lo a .1 tran do this" woman. I h8ve be8n so hard on myself. b18ming mys81fforevetything thal went wrong. . How wrong was l? Ineeded to forgive myself and forgive the peon trvho hanned m&, so I could move on and live 8n abuse free life.'For&v8 grateful" 11 (Dome51ic abuse Recovery Toolkitl .1 knew I was in an abusive relationship, and I left many limes and went to tsfuge, but l always ended g(Nng back after listening to his promises and lies. Believing thèt he would change. I did a Hope2Recovery course in Refuge, and the cOue r8&11y helped me to undeIend that I hèd been coercively conlroll8d and that he will never change. I will be leaving fge very 500n ènd moving lo Pelert>orough. I was so sUriSed when Linda advised thal sh8 lived in Petertjorough and that I couldaccess furtherservic8s. I was thfilled to bits. and mysuppL>rt workeratBoslon Women's Aid, said you in good hands wilh Linda, she will make sure you ats ok. I moved lo Peterborough, l accessed the support with the Drop In Service thèt Living Keys provid8s was Lyiven a relerrnl to a plac8 called the CazQne. who gave me fumilure formy home free ofchèrge. l also gol a couple of foodbank fernas whilst waiting for benefits lo be put in place. I was really looked 8fter, ènd now I pop in every now and again, lo see ifthey need any help, as I am once again, Wo19. (after 5 years of heing stuck at home). I have my life bèck. Thank you to all at living keys for all that you have done.
LIVING KEYS CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Future plans We believe it is vi181 to provide long-tenn on-going support to our benefici8ries for as long as they may need. We recognise the huge need for services that offer long-term support for those who have experienced domestic abuse and look lo continue developing our service lo best suit that need. To continue to provide free courses lo those who have or are living with domestic abuse. Continue to provide the Drop In Service every Monday aflernoon, as this has become an invaluable to those who attend. In the last year our drop in service has provided support to 76 ladies. The support inciuded housing Issues, seeking work by using our Inlernel café in the drop in servi, budgetin9. emotional support. releirals to carezone and loodbanks. Benefit form filling, support at meetings or COLJrts. Living Keys wish to bling joy lo families that have been affected by domestic abuse and we did a day trip lo Fetry Meadows, where families could have a picnic. kid5 can play in the paik, feed the ducks and go on the pedaloes on the lake. It was great fun. We would like lo do something again next year. We also plan to do some awareness events next year for'vvhite Ribbon Day We also plan to celebrate our 3, Birthday as a Charity and invite other Agenaes, so we can network and work together. We also plan an evening of entertainment to raise funds for Living Keys. Financial rèvièw The charity has recorded a deficit of £16,812 in the year. Funds at the year end consist of £4,240 ie5tricted and £3,896 unrestricted funds. The charity's financial regulations include a policy on maintaining reserves at 8 Sultable level to meet any financial commitments on dissolution of the CIO. The Trustees confiftn that this objective w85 mel throughout the year. This year we have really struggled with funding, this is partly because Linda. the Founder ol Living Keys, had been struck with breast cancer at the early part of last year. and had to go through Chemotherapy, surgery, and radiotherapy. Although Linda has struggled with her health over the last year. she continues to strive to support others. At the beginning of January Linda decided that the courses that Living Keys provides would be done Iiee, and no salary from any funding as she wanted to make sure that the little that we had in funds would be spent on those who needed the services. A meeting was called and although Trustees, were concerned about this, 8s well as Linda's health, Linda convinced us to let her continue the courses, without a wage until such a tirne when the finances have improved then can look at a salary once again. We are now pleased that Linda 15 back full time 8t work. and ILJndin9 9r8nt5 have been put in and accepted and 2024- 2025 1$ 8 lol healthier than this last year. The trustees have assessed the major risks to which the charity is exposed, and ale Satisfed that systems ale in place to mitigate exposure to the major risks. structure, governance and management The charity is a charitable Incorporated organisation Ino. 11948901 which was first reg15tered on 22 June 2021. The trustees who served during the ye8r and up to the date of signature of the financial Statements were.. A Jewilt M Harper R Bl8kernore K Harper S Crosby A Bannister L Smyth S Jewitt IResigned 30 June 20231
LIVING KEYS CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 L Smyth worked until the end of June last year. and sadly had to resign due to heahh issues and personal issues arising. L Smylh has advised that she would like lo retum when she is in a better position. Living Key5 continue to benefit from the support of an active group of Trustees.. many ol whom have experience that is relevant to Living Keys work We rernain on the lookout for people with relevant experience lo join us. Each prospective new tnembei will provide a CV and is then interviewed to ensure that there Is a good fit between Livin9 Keys and the prospective tFUStee's expectations and value5. We then invite suitable candidates to a Trustee meeting and ask them lo present to the group who then vole in their election to the board. Following election, trustees spend lime with Living Keys Manager 8nd othei staff to bring them up to speed with Living Keys work and on going activities. All new Tiustees are encouraged lo use the wealth ol knowledge and resources from the Charity Commission and others to inform themselves ol the role and respon51bilities ol being a trustee. Day to day operations of the charity are managed by CEO Linda Huskisson land founderl. Linda now works with 5 volunteers to help her with day to day running of Living Keys. None of the ttustees has any beneficial interest in the charrty. All ol the trustees 8ie rnernbers of the charrty and guarantee to contribute £1 in the event of a windin9 LSP. The trustees, report was approved by the Board of Trustees. S Crosby Trustee Oate..
LIVING KEYS CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVING KEYS CIO I r8POrt to the trustees tsn my exafnination of the financial statements of Living Keys CIO (the charity) lor the year ended 31 March 2024. Responsibilities and ba$1$ of report As the trustees of the charity you are responsible for the preparation of the financial statements In accordance with the requirements of the Charities Ad 2011 (the 2011 Actl. I report in respect ol my examination of the charity's financial slalements carried out under section 145 01 the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examine8 statement Your attention is drawn to the lact that the charity has prepared financial statements in accordance with Accounting and Reporting by Chanties preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 in preference to the Accountillg and Reporting by Charities". Statement of Recommended Practice issued on 1 April 2005 which is iefeired to in the extant regulations but has now been withdrawn. l understand that this has been done in orderforfinancial statements to provide 8 trve and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have cornpleled my examination. I confirm that no matters have come to my attention in connection with the examination giving rne cause to believe that in any material iespect". accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act", or the financial statements do not accord with those records.. or the financial statements do not cotnply with the applicable requirements ctsncerning the fofrn and content of accounts sel out in the Charities (Account5 and Reports) Regulations 2008 other than any requirement that the accounts give a true and f8ii view which Is not a rnatter considered as part of an independent examination. 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 tsrderto enable a proper understanding of the fi'nanual statetnents to be leached. Kerry Hilliard ACA FCCA CTA Institute of Chartered Accountants in England and Wales Pnce Bailey LLP 36 Tyndall Court Cornmeice Road Lynchwood Peterborough PE2 6LR Dated..
LIVING KEYS CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Rostricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from.. Donations and legacies Charitable activities Investments 3.097 4.524 2,700 5,797 4.524 19,095 3,864 14 14,830 33,925 3,864 14 Total income 7.629 2,700 10,329 22,973 14,830 37,803 endrture on.. Charitable activities 16,284 10,857 27,141 25,951 2,433 28,384 Gr05S trarisfers between funds Net lexpenditurellincome for the yearl Net movement in funds 22 {221 18,6551 18,1571 116,8121 12,9561 12,375 9,419 Fund balances al 1 April 2023 12,551 12,397 24,948 15,507 22 15,529 Fund balan¢e$ at 31 March 2024 3.896 4.240 8,136 12,551 12.397 24,948 The slalemenl of finan¢i818ctivities includes all gains and losses iecognised in the year. All income and expenditure derive from continuing activities. 10-
LIVING KEYS CIO BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 11 648 865 Current assèts Debtois Cash at bank and in hand 12 2,548 5,896 2,522 21,941 8,444 24,463 Creditors.. amounts falling duè wlthin one year 13 {9561 13801 Net current assets 7,488 24,083 Total assets less ¢urrent liabllities 8,136 24,948 Income lunds Restricted funds Unrestricted funds 14 4,240 3.896 12,397 12,551 8,136 24.948 The financial statements were approved by the Trustees_on S Ciosby Trustee
LIVING KEYS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policie$ Charity information Living Keys CIO is a Charitable InGorpoiated Organisation registered on 22 June 2021 with the Charity Cornrnission under charity number 1194890. The charity's principal office address is The GeorgeAlcock Centre, Whittlesey Road. Peterborough, Cambs PE2 8QS. 1.1 Accounting convention The financial staternenls have been prepared in accord8n¢e with the charity's governing document, the Gh8rilies Act 2011 and the Chaiities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo ¢haiities preparing their accounts in accordance with the Financial Reporiin9 St8ndard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The d)arily has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financi81 sl8tements have depatled from the Chaiities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and lair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version ol the Statement of Rewmmended Practice which is referred to in the Regulations but which has since been wilhdrawn. The financial slaternents are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the neaie5t £. The financial slalemenls have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the lime of approving the financial statements, the tiustees have a reasonable expectation that the ¢h8rily has adequate resources to continue in operational existence for the foreseeable future. Thu5 the trustees continue to adopt the goin9 ¢oncein basis of accounting in pieparing the financial slalemenls. 1.3 Charitable funds Unrestricted funds afe available lor use at the discretion ol the trustees in furtherance of their Charitable objectives. Restricted funds are subject to specific conditions by donois as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial statements. 1.4 Income Income is reco9nised when the charily is legally entitled to it after any performance conditions have been mel. the amounts can be measured reliably, and il is probable that Inctsme will be received. Cash donations ale recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferial of the amount. Income tax recoverable in relalion to donations received undei Gift Aid or deeds of covenant is recognised at the time of the donation. No amounts are included in the financial slalements for services donated by volunteers. Grant income is recognised according to the terms of each individual agreement. 12-
LIVING KEYS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is fecognised once there is a legal or constructive obligation to transfer economic benefit to a Ihird party. It is pitsbable that a transfer ol economic benefits will be required in Settlement. and the amount of the obligation can be measured ieliably. Expenditure is classified by activity. The costs of each 8clivity are made up of the lolal of direct costs and shared costs. including support costs involved in undertaking each activity. Direct oosls attributable to a single activity are allocated direclly to that activity. Shared costs which contribute to more than one activity and support costs which are not altribulable to a single a¢livity are apportioned between those activities on a basis con51slent with the use ol resources. Central staff costs are allocated on the basis ol time spent, and depieciation chaiges are allocaled on the portion ol the asset's use. Expenditure is accounted for on an accruals basis. 1.6 Tangible fixed assets Tangible fixed asset5 are init1811y measured 8t cost and Subsequently measured at cosl or valuation, nel of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuatiori of as5els less their residual values over their Useful lives on the following base5'. Computers 25Q/o reducing balance 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 iecognised In the statetllent of financial activities. 1.7 Impairment of fixed assèt5 Al e8ch reporting end dale, the charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. 11 any such indication exists. the recoverable amount ol the asset Is estimated in order to detemine the extent of the Impairment loss lif anyl. 1.8 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 malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnancial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12'0ther Financial Instruments Issues, ol FRS 102 to all ol its financial instruments. Financial instruments are reeognised in the charity's balance sheet when the charity becomes party to the contractual provisions ol the instrument. Financial as5et5 and liabilities are offset. with the net atnounts presented in the financial statements. when there is a legally enforceable light lo set off the recognised amounts and there Is an intention to settle on a net basis or to Te81ise the asset and sellle the liability sitnultaneously. 13-
LIVING KEYS CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles (Continued) Basic flnancial 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 inleiest. Financial assets classified as receivable within one year are not amortised. Baslc financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement ¢onslitLJtes a financing transaction. where the debt instrument is measured at the present value f the future payments discounted at a market rate ol interest. Financial liabilities classified as payable within one year are not amortised. Debl instruments are subsequently carried at amortised cost, using the effective interest rate rn8thod. Trade creditors are obligations lo pay ftsi goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts p8y8ble are classified as current liabilitie5 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 ¢05t using the effeclive interest rnethod. Derècognition of financial liabilities Financial liabilities are deiecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benèfits The cost ol any unused holiday enlillernent Is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is dernon5trably committed lo terminate the employment ol an employee or to provide teimination benefits. Critical accounting estimate$ and judgements In the application of the charity's accounting policies, the tIU5tees are required lo make judgements, estimates and assumptions about the carrying amount of assets and 11abililies that are not readily apparent from other sources. The eslimales and aSsocated assumplions are based on historical experience and other factors that are considered to be relevant. Aclu81 results may differ Irorn these estirnate5. The estimate5 and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales ale iecognised in the period in which the estimate is revised where the ievi510n affects only that period. or in the peiiod ol the revision and lulure period5 where the revision affects both cuirenl and future periods. 14
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LIVING KEYS CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities 2024 2023 Couise lees and book sales 4.524 3,864 Investments Unrèstricted Unrestricted funds funds 2024 2023 Interest CeIVable 14 Charitable activities 2024 2023 Staff ¢0st5 Depreciation and impairment Course materials Travellin9 expenses Staff training 10,280 217 1.595 702 10 18,070 291 1.689 27 385 12.804 20,462 Share of support costs Isee note 71 Share of governance costs Isee note 7} 8.380 5.977 5,317 2.605 27,141 28,384 Analysis by fund Unrestricted funds Restricted funds 16,284 10,857 25,951 2,433 27,141 28,384 16-
LIVING KEYS CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs costs 2024 Stspport Gov•rnanee Costs costs 2023 Piintirig, postage ènd stationery Computer running costs Rent Insurance Bank charges Sundry expenses 543 1.198 5.400 448 10 761 543 1,198 5.400 448 477 620 3,150 333 477 620 3,150 333 761 735 735 Independ8nt examinei fees Legal and professional Fundraising expenses 1,464 2,013 2,500 1,464 2,013 2.51YJ 582 2,023 582 2,023 8.360 5,977 14,337 5,317 2,605 7,922 Analysed between Chantable activitie5 8,360 5,977 14,337 5,317 2.605 7.922 Goveinance costs Includes payments to the independent examiners of £1,464 12023.. £5821 for Independent examination fees. Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits Iiom the charity during the year. Employees The average monthly number ol employees during the year was.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries 10,280 18,070 All staff ¢o$1s in the year relate to remuneration of key management peisonnel. There were no employees whose annual remuneration was more than £60.000. 17
LIVING KEYS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Taxation The charity is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 01 section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied lo it5 charitable objects. 11 Tangible fixed assets ¢omputeTs Cost At 1 April 2023 1,311 At 31 March 2024 1.311 DepTe¢iation and impalm)ent At 1 April 2023 Depreciation charged in the year 446 217 At 31 March 2024 663 Carrying amount At 31 March 2024 648 At 31 March 2023 865 12 Debtors 2024 2023 Amounts falling due within one year= Other debtOTS Prepayments and accrued income 43 2.505 161 2.361 2,548 2,522 13 Creditors.. amounts falling due within one yèar 2024 2023 Accruals and deferred income 956 380 18-
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LIVING KEYS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Unrestrlcted Restricted funds funds 2023 2023 Total 2024 2023 Fund balances al 31 March 2024 ale represented by.. Tangible assets Current assetsllliabilitiesl 648 3,248 648 7,488 865 11,686 865 24.083 4,240 12,397 3,896 4.240 8,136 12,551 12.397 24.948 16 Related party transactions There were no di5cIosable ielaled party transactions during the year. 20-