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2023-03-31-accounts

LIFECRAFT ANNUAL REVIEW 2022/23

A WORD FROM THE CHAIR

Lifecraft, as this annual report shows, goes from strength to strength. Four years ago when I took over as Chair of Trustees we faced large financial problems and questions about how we could carry on. This last financial year our income stream is nearly double 2018/9, and this is because of the continuing success of Lifeline and our growth in services, for example in opening weekly in Ely and strengthening suicide bereavement services across our region. Lifecraft will continue to stay flexible and responsive to the needs and opportunities which arise in different parts of the region, and deliver services where they are needed most.

Since the last annual report, quite a lot has happened for me as well as Lifecraft! In January this year I moved to Scotland and so sadly I am leaving my role as Lifecraft Trustee, and this is my last report for a Lifecraft AGM. I continued as Chair of Trustees throughout this year whilst we recruited my replacement, which we did in late Spring when Fiona Kerr joined the trustee team. She has been getting involved in Lifecraft work and functioning – and some of you may have met her at the Lifecraft 30[th] Birthday celebration event in early September this year.

I feel sure Fiona will find it as rewarding as I have to be the Chair of Trustees for Lifecraft. In times of change there will always be challenges to face and issues to address, but for any organisation it is the people who belong to it who make it what it is. Lifecraft has a wonderful staff and volunteer team, who are dedicated, caring and resourceful, and a strong and committed trustee team who have so often gone that extra mile to keep everything secure and progressing.

Most of all though, we are a user-led organisation with Lifecraft members at the heart of it, making significant and valuable contributions at every level of the work we do. In the new Lifecraft Strategy staff, trustees and members produced a vision statement which encapsulates our shared goal: ‘a society where people with mental health difficulties receive the support they need, where they are at the centre of service and support design and delivery, and where there is no stigma or discrimination attached to mental health issues of illness’. I have every confidence that Lifecraft will continue to lead the way towards this goal, and to demonstrate what it can look like.

Troy Cooper, Chair of Board of Trustees

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IMPACT REPORT

Compared to the previous couple of years, this was a relatively ‘normal’ one and allowed us to spend time making sure that the charity is fit for purpose, developing our already excellent services and introducing additional services to better support people at times when they need it. As always, our focus has firmly remained on promoting self-help for mental health and supporting local people who are struggling with their mental health.

We hope that the information in this impact report clearly demonstrates the breadth of support we have given, how we’re working with other organisations and the opportunities that we are continuing to develop.

“Lifecraft has really helped me over the years, to rebuild my mental health and confidence. I honestly think that without the support of Lifecraft I wouldn’t still be here. It’s a great place, with great supportive people who look after each other and simply just care.”

Melissa

As always, we greatly appreciate the time that our volunteers freely give, the dedication and commitment of our staff and the donations we receive from generous people, businesses and trusts. The support we receive from our statutory and voluntary sector partners continues to be substantial and they also help us to make the best use of all our resources for those living in Cambridgeshire and Peterborough. Thank you to everyone who continues to support us so we can continue doing the amazing work we do.

Overview of the Year

April

May

June

July

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August

September

November

December

January

February

March

Value of Volunteering

Across the charity, we had 68 wonderful people volunteer for us during the year. Together, the volunteers generously gave us 4,296 hours of volunteering, which equates to a monetary value of approximately £51,232[1] . Whilst this is one way to demonstate the value of Lifecraft’s volunteers to our local mental health system, we know that the skills and experiences that these individuals bring are also vast.

1 www.volunteerscotland.net/wp-content/uploads/2023/02/Calculating-theeconomic-value-of-your-volunteers-Guidance.pdf

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Membership Services

As part of the move to becoming a Charitable Incorporated Organisation, all members wanting to remain as members of Lifecraft needed to re-register with us. We made the process as straightforward as possible and supported anyone who needed our help. The number of active members has remained steady and we continue to receive multiple new membership applications on a weekly basis.

“Lifecraft really is an encouragement to me. It’s my safe haven. Now I have a social life that I can look forward to.”

Melody

One of our strategic priorities is to strengthen our membership offer. Our programme of groups and activities continue to be led by what our members feel would be useful to them, and through utilising research into what works. During the year we hosted a variety of social activities, groups and courses. Some of the groups are run on an ongoing basis and others are run on a short-term basis.

Here's a snapshot of information about our membership from the year:

The biggest change to our membership services was the introduction of inperson groups, activities and counselling in Ely. We are delighted by the way the drop-ins and more structured groups have been received by people in the area and it’s been wonderful to see the impact we have already started to have on the lives of those who have found us. While we are currently only open in Ely one day per week, we have already had to move venues to accommodate the number of people attending and our membership figures are showing a significant increase in members from outside the Cambridge area. We had 18 unique people access our Ely groups and activities, with an average of seven people a week at the drop-ins.

“When Lifecraft started in Ely, I decided to give it a try. I’ve never been a group person and, in fact, I would actively avoid them. However, it’s turned out to be a lifeline for me – I’ve actually made friends who I look forward to seeing every week. I’ve gone from a very solitary and isolated person, to someone who can go to a safe place, learn new things in a supportive

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environment and am the most sociable I’ve been for 20 years or so.”

Joanne

The groups wouldn’t be possible without the support of the members who volunteer or engage in short-term paid employment at Lifecraft. However, our Member Employee Scheme isn’t just about enabling the groups – it’s main aim is to help members grow in confidence and gain new skills.

Counselling Service

We have continued to offer up to two years of counselling to our members, providing additional support alongside our groups and activities. Most sessions are being delivered in-person, however, we are still able to offer online or telephone sessions where this is most beneficial. Priority is usually given to members who regularly attend other Lifecraft groups and activities, which are designed to support them and help them to better support themself, but we understand that this isn’t always possible. We are pleased to now be able to offer in-person sessions in Ely as well as Cambridge.

Employment and Volunteering Support

In addition to the nine members who worked for us through our Member Employment and Volunteering Scheme, we re-established our Careers and Employment Service during the year. The sevice is open to anyone living in Cambridgeshire who is 18+ and is struggling to gain employment or remain in employment due to struggles with their mental health. Through 1-2-1 coaching, training and both employment and mental health support, we help people get to the point where they have the confidence to work or volunteer and have the skills and knowledge to be able to stay in the role. Our support is tailored to the needs of the individual.

Since relaunching in July, we had:

Referrals into the service came from a variety of channels: self-referral (6), CPFTs Individual Placement and Support Service (6), Lifecraft (5), Red Balloon in

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the Air (4), primary care (3) and other (3). The average age of those referred to the service was 36.

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Helpline Services

We had another successful year of juggling commitments and conjuring workable rotas to enable Lifeline to continue to operate 12 hours a day, every day during the year. We also managed to introduce a further call-back service, supporting people who are discharged following detainment under s136 of the Mental Health Act. It was great to work with our colleagues from the Integrated Care Board, Cambridgeshire and Peterborough Foundation Trust, Cambridgeshire County Council and SUN Network to make this a reality.

The number of calls taken by Lifeline increased by an astonishing 38% on the previous year, which was already a 4% increase on the year before. Including the call-back services, this was 12,383 calls made and received.

As with the previous few years, most calls to Lifeline were from people living in Cambridge or Peterborough. We have continued to promote the line across the whole county and have seen an upward trend in calls from Peterborough, Huntingdonshire and South Cambridgeshire. Adversely, we have seen a downward trend in calls from Fenland and Cambridge. Call numbers from East Cambridgeshire remain fairly stable. We will use these figures to help us target our geographical marketing of the service.

Unfortunately, after a year and ten months of delivering the dedicated health and care support line, including a webchat service, we were given notice that the Integrated Care Board didn’t have the funds to continue the service after 31 March 2023. It was a honour to be able to support our health and care workers in this dedicated way and we will continue to support those who are eligible via Lifeline.

Lifeline

Health and Care Support Line

Health and Care Proactive Calls

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Sanctuary Aftercare Service

Missing from Home Service

S136 Follow-up Service

Suicide Bereavement Support Service

Our suicide bereavement services have grown significantly over the past year, meaning that we’ve been able to increase the amount and type of support available to those bereaved by suspected suicide. We are now supporting more people and supporting them for longer, which has been important because the time between the death and the inquest has become longer.

As well as doubling our specialist emotional and practical support, we have been working to reintroduce our peer support groups and have established a new suicide bereavement counselling service that provides up to 14 sessions of free therapy. This has all been possible thanks to additional public sector contract funding.

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Looking Ahead

Over the coming year, we are hoping to be able to continue delivering all the services we are currently providing, whilst also enabling more in-person support at locations across the county. There is definitely a lot of demand for our services and this will give people more choice about the support that is right for them and the opportunity to become involved in all aspects of Lifecraft.

We’ll also be celebrating our 30[th] birthday in 2023, so I’m sure they’ll be a certain amount of reminiscing and cake eating!

Gemma Barron, Chief Executive Carole Morgan and Cathy Fusniak, Joint Operations Managers and The Lifecraft Staff Team

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DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

Charity number: 1195632

Lifecraft

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 – 4
Independent Examiners’ Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 - 16

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees

Melissa Blowers Resigned 22 November 2022 Claire Bye Teresa Clarke Katharine Collins Troy Cooper Resigned 21 November 2023 Michael Hewett Fiona Kerr Appointed 16 May 2023 Alexander Radford Appointed 4 November 2022 Syed Shakir Brittany Thomas Appointed 4 November 2022

Chief Executive

Gemma Barron

Charity registered number

1195632

Registered office

The Bath House Gwydir Street Mill Road Cambridge CB1 2LW

Independent Examiner

Geoff Mann FCIE Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ

Bankers

Lloyds Bank plc 3 Sidney Street Cambridge CB2 3HQ

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DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2022 to 31 March 2023. The Trustees confirm that the Annual Report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition – October 2019 effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Lifecraft's main aim is to enable people with mental health problems to support each other and to influence the development of mental health services. Lifecraft provides social clubs, peer support groups, telephone helplines, pro-active support calls, weekly activity groups, counselling, volunteering and employment opportunities, specialist support for those bereaved by suicide and a regular e-newsletter. Lifecraft is also involved in campaigning and mental health awareness work in partnership with local organisations.

PUBLIC BENEFIT

The Board of Trustees confirm that they have complied with the general duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

ACHIEVEMENTS AND PERFORMANCE

Compared to the previous couple of years, this was a relatively ‘normal’ one and allowed us to spend time making sure that the charity is fit for purpose, developing our already excellent services and introducing additional services to better support people at times when they need it. As always, our focus has firmly remained on promoting self-help for mental health and supporting local people who are struggling with their mental health.

On 1 January 2023 we formally transferred the charity’s assets to the ‘new’ Lifecraft (Charitable Incorporated Organisation, registered charity in England and Wales Number 1195632).

Membership Services

As part of the move to becoming a Charitable Incorporated Organisation, all members wanting to remain as members of Lifecraft needed to re-register with us. We made the process as straightforward as possible and supported anyone who needed our help. The number of active members has remained steady and we continue to receive multiple new membership applications on a weekly basis.

The biggest change to our membership services was the introduction of in-person groups, activities and counselling in Ely. In total, across both locations, we hosted 279 social activities, groups and courses.

Counselling Service

We have continued to offer up to two years of counselling to our members, providing additional support alongside our groups and activities. Most sessions are delivered in-person, however, we are still able to offer online or telephone sessions where this is most beneficial. We supported 40 people during the year, which included 12 new people entering treatment and 18 people completing their treatment.

Employment and Volunteering Support

We re-established our Careers and Employment Service, which is open to anyone living in Cambridgeshire who is 18+ and is struggling to gain employment or remain in employment due to struggles with their mental health. Through 1-2-1 coaching, training and both employment and mental health support, we help people get to the point where they have the confidence to work or volunteer and have the skills and knowledge to be able to stay in the role. Our support is tailored to the needs of the individual.

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LIFECRAFT

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

In addition to the nine members who worked for us directly as part of our Member Employment and Volunteering Scheme, we supported nine people into work or to start a new job and one person into volunteering (37% of referrals), plus another six people to move towards their employment goals.

Helpline Services

We had another successful year of juggling commitments and conjuring workable rotas to enable Lifeline to continue to operate 12 hours a day, every day during the year. We also managed to introduce a further callback service, supporting people who are discharged following detainment under s136 of the Mental Health Act. The number of calls taken by Lifeline increased by an astonishing 38% on the previous year, which was already a 4% increase on the year before. Including the call-back services, this was 12,383 calls made and received.

Suicide Bereavement Support Service

Our suicide bereavement services have grown significantly over the past year, meaning that we’ve been able to increase the amount and type of support available to those bereaved by suspected suicide. We are now supporting more people and supporting them for longer, which has been important because the time between the death and the inquest has become longer.

As well as doubling our specialist emotional and practical support, we have been working to reintroduce our peer support groups and have established a new suicide bereavement counselling service that provides up to 14 sessions of free therapy. This has all been possible thanks to additional public sector contract funding. In total, we supported 110 individuals during the year.

FINANCIAL REVIEW AND RESERVES POLICY

During the prior year the Trustees of Lifecraft took the decision to set up a charitable incorporation organisation, Lifecraft CIO. All assets and liabilities were transferred to Lifecraft CIO on 1 January 2023 and these accounts represents the merger of the two organisations as a continuing entity. During the year, Charity had income of £481,949 and costs of £447,272. Closing reserves total £272,014 of which £3,242 are restricted. Of the £262,772, £60,000 have been designated in case of closure of the Charity, leaving free reserves of £202,772. The Charity targets free reserves of around six months expenditure (£225,000) and are getting closer to meeting this target.

STRUCTURE, GOVERNANCE AND MANAGEMENT

CONSTITUTION

Lifecraft was formed by a Constitution adopted on 20 June 1995 which was subsequently amended on 8 November 2002, 6 January 2006, 8 May 2006, 3 October 2008, 3 October 2014, and 14 October 2016, and was registered as a charity on 24 July 1995.

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution. The number of Trustees at any one time is always at least four.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

Trustees have relevant knowledge of the Charity's aims and objectives. The Constitution is provided to all trustees and efforts are made to provide up to date knowledge of the financial performance of the charity and obligations under charity law.

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LIFECRAFT

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The charity has a board of trustees who meet bi-monthly to conduct formal business and are responsible for its strategic direction and policy. An operations manager is appointed by the trustees to manage the day to day operations of the charity. In planning their activities for the year, the trustees have kept in mind the Charity Commission's guidance on public benefit at their meetings. Feedback from members is encouraged including at monthly 'members meetings'.

RISK MANAGEMENT

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate the charity's exposure to the major risks.

INFORMATION ON FUNDRAISING PRACTICES

The Charity does not currently rely on fundraising as a major source of income nor does it employ or engage professional fundraisers. The Charity has not otherwise received funding from, or make applications to, other trusts and foundations, nor does it receive public subsidies. This may change in future years. Should fundraising activities increase in the future, the Charity is committed to avoiding any intrusive fundraising approaches and will never apply undue pressure to donate.

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees 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).

Charity law requires the Trustees to prepare financial statements for each financial year. Under charity law the Trustees must not approve the financial statements unless they are satisfied that they 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 Charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and 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 Charities Act 2011. 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.

This report was approved by the Trustees and signed on their behalf by:

Fiona Kerr Trustee

Date: 16 January 2024

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LIFECRAFT

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2022

I report on the financial statements of the charity for the year ended 31 March 2023, which are set out on pages 5 to 16.

Respective Responsibilities of the Trustees and the Examiner

As the charity's trustees you are responsible for the preparation of the financial statements; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.

Basis of Independent Examination

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

Geoff Mann FCIE Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ

Date: 19 January 2024

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DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted
funds
Restricted
funds		 STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted
funds
Restricted
funds		 STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted
funds
Restricted
funds		 Total
funds		 Total
funds
Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
Other income
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
4
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
TRANSFER BETWEEN FUNDS
11
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2023
£
22,973
454,130
1,846		 2023
£
3,000
-
-		 2023
£
25,973
454,130
1,846		 2022
£
21,283
400,906
1,272
423,461
369,312
369,312
54,149
-
54,149
183,188
237,337
478,949 3,000 481,949
430,385 16,887 447,272
430,385 16,887 447,272
48,564
32,327		 (13,887)
(32,327)		 34,677
-
80,891
187,881		 (46,214)
49,456		 34,677
237,337
268,772 3,242 272,014

The notes on pages 8 to 16 form part of these financial statements.

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DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

BALANCE SHEET AS AT 31 MARCH 2023

Note
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS:amounts falling due within
one year
10
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
11
Unrestricted funds
11
TOTAL FUNDS		 £
3,479
286,112		 2023
£
£
73,924
172,164
246,088
(8,751)
272,014
272,014
3,242
268,772
272,014		 2022
£

237,337
289,591
(17,577)
237,337
49,456
187,881
237,337

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf, by:

Michael Hewett Trustee

Date: 16 January 2024

The notes on pages 8 to 16 form part of these financial statements.

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DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition – October 2019 effective 1 January 2019).

Lifecraft meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 GOING CONCERN

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The Trustees have made this assessment in respect of the period of at least one year from the date of approval of these financial statements. They have reviewed budgets and cash flow forecasts and have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees are of the opinion that the Charity will have sufficient resources to meet its liabilities as they fall due.

1.3 INCOME

Donation and grant income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

1.4 EXPENDITURE

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.

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements

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DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1.5 DEBTORS

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.6 CASH AT BANK AND IN HAND

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.7 LIABILITIES AND PROVISIONS

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.8 FINANCIAL INSTRUMENTS

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.9 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. INCOME FROM DONATIONS AND LEGACIES

Grants
Other donations
Total donations and legacies
Total 2022
3.
INCOME FROM CHARITABLE ACTIVITIES
Mental health services
Total charitable activities
Total 2022
SOURCES OF INCOME
Cambridgeshire County Council
NHS Cambridgeshire and Peterborough CCG
Cambs and Peterborough Foundation Trust
Cambridge City Council		 Unrestricted
funds
2023
£
5,500
17,473
22,973		 Restricted
funds
2023
£
3,000
-		 Total
funds
2023
£
8,500
17,473		 Total
funds
2022
£
9,500
11,783
21,283
Total
funds
2022
£
400,906
400,906
Total
2022
£
34,862
313,144
41,000
11,900
3,000 25,973
20,283 1,000 21,283

Unrestricted
funds
2023
£
454,130
Restricted
funds
2023
£
-
Total
funds
2023
£
454,130
454,130 - 454,130
377,007 23,899 400,906

454,130 400,906

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LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

4. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Charitable activities
Total 2022		 Direct
(Note 5)
2023
£
297,246
297,246
237,831		 Support
(Note 6)
2023
£
150,026
150,026
131,481		 Total
funds
Total
funds
2023
£
2022
£
447,272
369,212
447,272
369,212

5. DIRECT COSTS

Delivery costs
Staff costs
Total 2022		 Mental Health Services
Unrestricted
2023
Restricted
2023
£
£
45,285
198
236,074
15,689
281,359
15,887
219,226
18,605		 Total
2023
£
45,483
251,763
297,246
237,831		 Total
2022
£
47,736
190,095
281,359
219,226		 237,831

6. SUPPORT COSTS

Office costs
Professional fees
Rent
Trustees expenses
Staff costs
Total 2022		 Mental health services
Unrestricted
2023
Restricted
2023
£
£
25,017
-
6,278
-
20,420
-
50
-
97,261
1,000
149,026
1,000
124,988
6,493		 Total
2023
£
25,017
6,278
20,420
50
98,261
150,026
131,481		 Total
2021
£
47,683
7,304
17,220
10
59,264
149,026
124,988		 131,481

Page 11

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. NET INCOME/(EXPENDITURE)

This is stated after charging:

Independent examiner fees
STAFF COSTS
Wages and salaries
Social security costs
Pension costs		 2023
£
470		 2022
£
460
2022
£
324,163
20,506
5,355		 2021
£

227,693
15,913
5,753
350,024 249,359

8. STAFF COSTS

During the year, no Trustees received any remuneration (2022 - £NIL) in their capacity as Trustee. In agreement with the Charity Commission, Trustees who are also members of Lifecraft are paid for their work as employees under the permitted work rules. In this instance no remuneration was paid during the year (2022 - £NIL). The Key Management Personnel of the Charity are considered to be the Trustees and Chief Executive. Remuneration for these totalled £34,416 (2022 - £34,063).

During the year, no Trustees received any benefits in kind (2022 - £NIL). During the year, one Trustees received reimbursement of expenses totalling £50 (2022 – £10).

The average weekly number of staff employed during the year
was
Project workers / Management
Members employed under the permitted work rules as part of our
member employment scheme and laid out by the Benefits Agency		 2023
No
16
6		 2022
No
16
6
22 22

9. DEBTORS

2023
 2022
£ £
Other debtors 3,479 73,924

Page 12

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LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Deferred income
Other creditors		 2023
£
1,382
9,118
7,077		 2022
£

2,826
-
5,925
17,577 8,751

Deferred income in the year related to contract income received in advance. This will be released in full in 2023-24.

11. STATEMENT OF FUNDS

CURRENT YEAR
Designated funds
Redundancy
Crisis Fund
General funds
General fund
Total Unrestricted
funds
Restricted funds
Lifeline
Employment services
Postvention
Other
Total Restricted
funds
Total of Funds		 Brought
forward
£
30,000
30,000
127,881
187,881
-
13,887
32,327
3,242
49,456
237,337		 Incoming
resources
£
-
-
478,949
478,949
2,000
-
-
1,000
3,000
481,949		 Resources
expended
£
-
-
(430,385)
(430,385)
(2,000)
(13,887)
-
(1,000)
(16,887)
(447,272)		 Transfers
in/(out)
£
-
-
32,327
32,327
-
-
(32,327)
-
(32,327)
-		 Carried
forward
£
30,000
30,000
208,772
268,772
-
-
-
3,242
3,242
272,014

Page 13

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11.
STATEMENT OF FUNDS (continued)
PRIOR YEAR
Brought
forward
Incoming
resources
£
£
Designated funds
Redundancy
20,000
-
Crisis Fund
30,000
-
General funds
General fund
83,533
398,562
Total Unrestricted
funds
133,533
398,562
Restricted funds
Lifeline
-
2,000
Employment services
13,887
-
Postvention
30,689
23,177
Other
5,079
(278)
Total Restricted
funds
49,655
24,899
Total of Funds
183,188
423,461		 Resources
expended
£
-
-
(344,214)
(344,214)
(2,000)
-
(21,539)
(1,559)
(25,098)
(369,312)		 Transfers
in/(out)
£
10,000
-
(10,000)
-
-
-
-
-
-
-		 Carried
forward
£
30,000
30,000
127,881
187,881
-
13,887
32,327
3,242
49,456
237,337

Designated funds

Crisis fund

The Charity has set aside funds equivalent to approximately siz months support costs (excluding staff costs) expenditure in the case of a crisis that would result in the Charity ceasing to operate. Three months is considered the time it would take to transfer its existing services to another provider. The fund does not include redundancy costs which are in a separate fund below.

Redundancy

The Charity has set aside funds to cover redundancy payments required under existing employment contracts in the event of a winding up of its activities.

Page 14

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11. STATEMENT OF FUNDS (continued)

Restricted funds

Lifeline

The Charity received a restricted grant from the CPFT of £2,000 to contribute towards the running costs of Lifeline.

Employment services

The Charity previously receives a restricted grant from Cambridgeshire Community Foundation to offer employment services to its Members. This fund was fully spent in the year.

Postvention

The Charity receives restricted grants from Cambridgeshire County Council/NHS Cambs & P'Boro CCG to offer postvention services. These services are now contracted and the transfer represents the fact the fund was fully spent in the year.

Other

The Charity receives various other restricted grants from local organisations towards projects, software and governance.

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2023
£
Current assets
286,349
Creditors due within one year
(17,577)
268,772
NALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2022
£
Current assets
196,632
Creditors due within one year
(8,751)
187,881		 Unrestricted
funds
2023
£
286,349
(17,577)		 Restricted
funds
2023
£
3,242
-		 Total
funds
2023
£
289,591
(17,577)
268,772 3,242 272,014
Restricted
funds
2022
£
49,456
-		 Total
funds
2022
£
246,088
(8,751)
187,881 49,456 237,337

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

13. RELATED PARTIES

There were no related party transactions in the current or prior year.

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LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. MERGER

Lifecraft was registered with the Charity Commission as a charitable incorporated organisation on 25 August 2021, with charity number 1195632. The governing document of the Charity is its constitution. The Trustees of the predecessor charity, Lifecraft , formally resolved to approve the transfer of its assets to the Charity in December 2022. The transfer took place under a written resolution with effect from 1 January 2023. Lifecraft CIO was publicly launched at the same time and since then the Charity’s finances and operations have been managed through the new Charity.

Analysis of principal SOFA components for the current reporting period

Total income
Total expenditure
Net income/(expenditure) and net
movement in funds		 Lifecraft (pre-
merger)
£
350,219
(314,201)
36,018		 Lifecraft CIO
(pre-merger)
£
-
-
-		 Charity (post
merger)
£
131,730
(133,071)
(1,341)		 Combined
total
£
481,949
(447,272)
34,677

Analysis of principal SOFA components for the previous reporting period

Total income
Total expenditure
Net income/(expenditure) and net movement in funds
Analysis of net assets at the date of merger
Net assets
Represented by:
Unrestricted funds
Restricted funds
Net income/(expenditure) and net movement in funds		 Lifecraft
(pre-merger)
£
423,461
(369,312)		 Lifecraft CIO
(pre-merger)
£
-
-		 Combined
total
£
423,461
(369,312)
54,169 - 54,169
187,881 - 187,881

Page 16

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

Charity number: 1195632

Lifecraft

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 – 4
Independent Examiners’ Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 - 16

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees

Melissa Blowers Resigned 22 November 2022 Claire Bye Teresa Clarke Katharine Collins Troy Cooper Resigned 21 November 2023 Michael Hewett Fiona Kerr Appointed 16 May 2023 Alexander Radford Appointed 4 November 2022 Syed Shakir Brittany Thomas Appointed 4 November 2022

Chief Executive

Gemma Barron

Charity registered number

1195632

Registered office

The Bath House Gwydir Street Mill Road Cambridge CB1 2LW

Independent Examiner

Geoff Mann FCIE Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ

Bankers

Lloyds Bank plc 3 Sidney Street Cambridge CB2 3HQ

Page 1

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2022 to 31 March 2023. The Trustees confirm that the Annual Report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition – October 2019 effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Lifecraft's main aim is to enable people with mental health problems to support each other and to influence the development of mental health services. Lifecraft provides social clubs, peer support groups, telephone helplines, pro-active support calls, weekly activity groups, counselling, volunteering and employment opportunities, specialist support for those bereaved by suicide and a regular e-newsletter. Lifecraft is also involved in campaigning and mental health awareness work in partnership with local organisations.

PUBLIC BENEFIT

The Board of Trustees confirm that they have complied with the general duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

ACHIEVEMENTS AND PERFORMANCE

Compared to the previous couple of years, this was a relatively ‘normal’ one and allowed us to spend time making sure that the charity is fit for purpose, developing our already excellent services and introducing additional services to better support people at times when they need it. As always, our focus has firmly remained on promoting self-help for mental health and supporting local people who are struggling with their mental health.

On 1 January 2023 we formally transferred the charity’s assets to the ‘new’ Lifecraft (Charitable Incorporated Organisation, registered charity in England and Wales Number 1195632).

Membership Services

As part of the move to becoming a Charitable Incorporated Organisation, all members wanting to remain as members of Lifecraft needed to re-register with us. We made the process as straightforward as possible and supported anyone who needed our help. The number of active members has remained steady and we continue to receive multiple new membership applications on a weekly basis.

The biggest change to our membership services was the introduction of in-person groups, activities and counselling in Ely. In total, across both locations, we hosted 279 social activities, groups and courses.

Counselling Service

We have continued to offer up to two years of counselling to our members, providing additional support alongside our groups and activities. Most sessions are delivered in-person, however, we are still able to offer online or telephone sessions where this is most beneficial. We supported 40 people during the year, which included 12 new people entering treatment and 18 people completing their treatment.

Employment and Volunteering Support

We re-established our Careers and Employment Service, which is open to anyone living in Cambridgeshire who is 18+ and is struggling to gain employment or remain in employment due to struggles with their mental health. Through 1-2-1 coaching, training and both employment and mental health support, we help people get to the point where they have the confidence to work or volunteer and have the skills and knowledge to be able to stay in the role. Our support is tailored to the needs of the individual.

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LIFECRAFT

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

In addition to the nine members who worked for us directly as part of our Member Employment and Volunteering Scheme, we supported nine people into work or to start a new job and one person into volunteering (37% of referrals), plus another six people to move towards their employment goals.

Helpline Services

We had another successful year of juggling commitments and conjuring workable rotas to enable Lifeline to continue to operate 12 hours a day, every day during the year. We also managed to introduce a further callback service, supporting people who are discharged following detainment under s136 of the Mental Health Act. The number of calls taken by Lifeline increased by an astonishing 38% on the previous year, which was already a 4% increase on the year before. Including the call-back services, this was 12,383 calls made and received.

Suicide Bereavement Support Service

Our suicide bereavement services have grown significantly over the past year, meaning that we’ve been able to increase the amount and type of support available to those bereaved by suspected suicide. We are now supporting more people and supporting them for longer, which has been important because the time between the death and the inquest has become longer.

As well as doubling our specialist emotional and practical support, we have been working to reintroduce our peer support groups and have established a new suicide bereavement counselling service that provides up to 14 sessions of free therapy. This has all been possible thanks to additional public sector contract funding. In total, we supported 110 individuals during the year.

FINANCIAL REVIEW AND RESERVES POLICY

During the prior year the Trustees of Lifecraft took the decision to set up a charitable incorporation organisation, Lifecraft CIO. All assets and liabilities were transferred to Lifecraft CIO on 1 January 2023 and these accounts represents the merger of the two organisations as a continuing entity. During the year, Charity had income of £481,949 and costs of £447,272. Closing reserves total £272,014 of which £3,242 are restricted. Of the £262,772, £60,000 have been designated in case of closure of the Charity, leaving free reserves of £202,772. The Charity targets free reserves of around six months expenditure (£225,000) and are getting closer to meeting this target.

STRUCTURE, GOVERNANCE AND MANAGEMENT

CONSTITUTION

Lifecraft was formed by a Constitution adopted on 20 June 1995 which was subsequently amended on 8 November 2002, 6 January 2006, 8 May 2006, 3 October 2008, 3 October 2014, and 14 October 2016, and was registered as a charity on 24 July 1995.

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution. The number of Trustees at any one time is always at least four.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

Trustees have relevant knowledge of the Charity's aims and objectives. The Constitution is provided to all trustees and efforts are made to provide up to date knowledge of the financial performance of the charity and obligations under charity law.

Page 3

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LIFECRAFT

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The charity has a board of trustees who meet bi-monthly to conduct formal business and are responsible for its strategic direction and policy. An operations manager is appointed by the trustees to manage the day to day operations of the charity. In planning their activities for the year, the trustees have kept in mind the Charity Commission's guidance on public benefit at their meetings. Feedback from members is encouraged including at monthly 'members meetings'.

RISK MANAGEMENT

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate the charity's exposure to the major risks.

INFORMATION ON FUNDRAISING PRACTICES

The Charity does not currently rely on fundraising as a major source of income nor does it employ or engage professional fundraisers. The Charity has not otherwise received funding from, or make applications to, other trusts and foundations, nor does it receive public subsidies. This may change in future years. Should fundraising activities increase in the future, the Charity is committed to avoiding any intrusive fundraising approaches and will never apply undue pressure to donate.

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees 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).

Charity law requires the Trustees to prepare financial statements for each financial year. Under charity law the Trustees must not approve the financial statements unless they are satisfied that they 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 Charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and 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 Charities Act 2011. 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.

This report was approved by the Trustees and signed on their behalf by:

Fiona Kerr Trustee

Date: 16 January 2024

Page 4

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LIFECRAFT

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2022

I report on the financial statements of the charity for the year ended 31 March 2023, which are set out on pages 5 to 16.

Respective Responsibilities of the Trustees and the Examiner

As the charity's trustees you are responsible for the preparation of the financial statements; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.

Basis of Independent Examination

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

Geoff Mann FCIE Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ

Date: 19 January 2024

Page 5

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted
funds
Restricted
funds		 STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted
funds
Restricted
funds		 STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted
funds
Restricted
funds		 Total
funds		 Total
funds
Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
Other income
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
4
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
TRANSFER BETWEEN FUNDS
11
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2023
£
22,973
454,130
1,846		 2023
£
3,000
-
-		 2023
£
25,973
454,130
1,846		 2022
£
21,283
400,906
1,272
423,461
369,312
369,312
54,149
-
54,149
183,188
237,337
478,949 3,000 481,949
430,385 16,887 447,272
430,385 16,887 447,272
48,564
32,327		 (13,887)
(32,327)		 34,677
-
80,891
187,881		 (46,214)
49,456		 34,677
237,337
268,772 3,242 272,014

The notes on pages 8 to 16 form part of these financial statements.

Page 6

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

BALANCE SHEET AS AT 31 MARCH 2023

Note
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS:amounts falling due within
one year
10
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
11
Unrestricted funds
11
TOTAL FUNDS		 £
3,479
286,112		 2023
£
£
73,924
172,164
246,088
(8,751)
272,014
272,014
3,242
268,772
272,014		 2022
£

237,337
289,591
(17,577)
237,337
49,456
187,881
237,337

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf, by:

Michael Hewett Trustee

Date: 16 January 2024

The notes on pages 8 to 16 form part of these financial statements.

Page 7

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LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition – October 2019 effective 1 January 2019).

Lifecraft meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 GOING CONCERN

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The Trustees have made this assessment in respect of the period of at least one year from the date of approval of these financial statements. They have reviewed budgets and cash flow forecasts and have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees are of the opinion that the Charity will have sufficient resources to meet its liabilities as they fall due.

1.3 INCOME

Donation and grant income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

1.4 EXPENDITURE

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.

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements

Page 8

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LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1.5 DEBTORS

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.6 CASH AT BANK AND IN HAND

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.7 LIABILITIES AND PROVISIONS

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.8 FINANCIAL INSTRUMENTS

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.9 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 9

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LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. INCOME FROM DONATIONS AND LEGACIES

Grants
Other donations
Total donations and legacies
Total 2022
3.
INCOME FROM CHARITABLE ACTIVITIES
Mental health services
Total charitable activities
Total 2022
SOURCES OF INCOME
Cambridgeshire County Council
NHS Cambridgeshire and Peterborough CCG
Cambs and Peterborough Foundation Trust
Cambridge City Council		 Unrestricted
funds
2023
£
5,500
17,473
22,973		 Restricted
funds
2023
£
3,000
-		 Total
funds
2023
£
8,500
17,473		 Total
funds
2022
£
9,500
11,783
21,283
Total
funds
2022
£
400,906
400,906
Total
2022
£
34,862
313,144
41,000
11,900
3,000 25,973
20,283 1,000 21,283

Unrestricted
funds
2023
£
454,130
Restricted
funds
2023
£
-
Total
funds
2023
£
454,130
454,130 - 454,130
377,007 23,899 400,906

454,130 400,906

Page 10

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

4. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Charitable activities
Total 2022		 Direct
(Note 5)
2023
£
297,246
297,246
237,831		 Support
(Note 6)
2023
£
150,026
150,026
131,481		 Total
funds
Total
funds
2023
£
2022
£
447,272
369,212
447,272
369,212

5. DIRECT COSTS

Delivery costs
Staff costs
Total 2022		 Mental Health Services
Unrestricted
2023
Restricted
2023
£
£
45,285
198
236,074
15,689
281,359
15,887
219,226
18,605		 Total
2023
£
45,483
251,763
297,246
237,831		 Total
2022
£
47,736
190,095
281,359
219,226		 237,831

6. SUPPORT COSTS

Office costs
Professional fees
Rent
Trustees expenses
Staff costs
Total 2022		 Mental health services
Unrestricted
2023
Restricted
2023
£
£
25,017
-
6,278
-
20,420
-
50
-
97,261
1,000
149,026
1,000
124,988
6,493		 Total
2023
£
25,017
6,278
20,420
50
98,261
150,026
131,481		 Total
2021
£
47,683
7,304
17,220
10
59,264
149,026
124,988		 131,481

Page 11

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. NET INCOME/(EXPENDITURE)

This is stated after charging:

Independent examiner fees
STAFF COSTS
Wages and salaries
Social security costs
Pension costs		 2023
£
470		 2022
£
460
2022
£
324,163
20,506
5,355		 2021
£

227,693
15,913
5,753
350,024 249,359

8. STAFF COSTS

During the year, no Trustees received any remuneration (2022 - £NIL) in their capacity as Trustee. In agreement with the Charity Commission, Trustees who are also members of Lifecraft are paid for their work as employees under the permitted work rules. In this instance no remuneration was paid during the year (2022 - £NIL). The Key Management Personnel of the Charity are considered to be the Trustees and Chief Executive. Remuneration for these totalled £34,416 (2022 - £34,063).

During the year, no Trustees received any benefits in kind (2022 - £NIL). During the year, one Trustees received reimbursement of expenses totalling £50 (2022 – £10).

The average weekly number of staff employed during the year
was
Project workers / Management
Members employed under the permitted work rules as part of our
member employment scheme and laid out by the Benefits Agency		 2023
No
16
6		 2022
No
16
6
22 22

9. DEBTORS

2023
 2022
£ £
Other debtors 3,479 73,924

Page 12

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Deferred income
Other creditors		 2023
£
1,382
9,118
7,077		 2022
£

2,826
-
5,925
17,577 8,751

Deferred income in the year related to contract income received in advance. This will be released in full in 2023-24.

11. STATEMENT OF FUNDS

CURRENT YEAR
Designated funds
Redundancy
Crisis Fund
General funds
General fund
Total Unrestricted
funds
Restricted funds
Lifeline
Employment services
Postvention
Other
Total Restricted
funds
Total of Funds		 Brought
forward
£
30,000
30,000
127,881
187,881
-
13,887
32,327
3,242
49,456
237,337		 Incoming
resources
£
-
-
478,949
478,949
2,000
-
-
1,000
3,000
481,949		 Resources
expended
£
-
-
(430,385)
(430,385)
(2,000)
(13,887)
-
(1,000)
(16,887)
(447,272)		 Transfers
in/(out)
£
-
-
32,327
32,327
-
-
(32,327)
-
(32,327)
-		 Carried
forward
£
30,000
30,000
208,772
268,772
-
-
-
3,242
3,242
272,014

Page 13

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11.
STATEMENT OF FUNDS (continued)
PRIOR YEAR
Brought
forward
Incoming
resources
£
£
Designated funds
Redundancy
20,000
-
Crisis Fund
30,000
-
General funds
General fund
83,533
398,562
Total Unrestricted
funds
133,533
398,562
Restricted funds
Lifeline
-
2,000
Employment services
13,887
-
Postvention
30,689
23,177
Other
5,079
(278)
Total Restricted
funds
49,655
24,899
Total of Funds
183,188
423,461		 Resources
expended
£
-
-
(344,214)
(344,214)
(2,000)
-
(21,539)
(1,559)
(25,098)
(369,312)		 Transfers
in/(out)
£
10,000
-
(10,000)
-
-
-
-
-
-
-		 Carried
forward
£
30,000
30,000
127,881
187,881
-
13,887
32,327
3,242
49,456
237,337

Designated funds

Crisis fund

The Charity has set aside funds equivalent to approximately siz months support costs (excluding staff costs) expenditure in the case of a crisis that would result in the Charity ceasing to operate. Three months is considered the time it would take to transfer its existing services to another provider. The fund does not include redundancy costs which are in a separate fund below.

Redundancy

The Charity has set aside funds to cover redundancy payments required under existing employment contracts in the event of a winding up of its activities.

Page 14

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11. STATEMENT OF FUNDS (continued)

Restricted funds

Lifeline

The Charity received a restricted grant from the CPFT of £2,000 to contribute towards the running costs of Lifeline.

Employment services

The Charity previously receives a restricted grant from Cambridgeshire Community Foundation to offer employment services to its Members. This fund was fully spent in the year.

Postvention

The Charity receives restricted grants from Cambridgeshire County Council/NHS Cambs & P'Boro CCG to offer postvention services. These services are now contracted and the transfer represents the fact the fund was fully spent in the year.

Other

The Charity receives various other restricted grants from local organisations towards projects, software and governance.

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2023
£
Current assets
286,349
Creditors due within one year
(17,577)
268,772
NALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2022
£
Current assets
196,632
Creditors due within one year
(8,751)
187,881		 Unrestricted
funds
2023
£
286,349
(17,577)		 Restricted
funds
2023
£
3,242
-		 Total
funds
2023
£
289,591
(17,577)
268,772 3,242 272,014
Restricted
funds
2022
£
49,456
-		 Total
funds
2022
£
246,088
(8,751)
187,881 49,456 237,337

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

13. RELATED PARTIES

There were no related party transactions in the current or prior year.

Page 15

DocuSign Envelope ID: 74E0DED4-8755-4A9F-9F04-B863B73370C6

LIFECRAFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. MERGER

Lifecraft was registered with the Charity Commission as a charitable incorporated organisation on 25 August 2021, with charity number 1195632. The governing document of the Charity is its constitution. The Trustees of the predecessor charity, Lifecraft , formally resolved to approve the transfer of its assets to the Charity in December 2022. The transfer took place under a written resolution with effect from 1 January 2023. Lifecraft CIO was publicly launched at the same time and since then the Charity’s finances and operations have been managed through the new Charity.

Analysis of principal SOFA components for the current reporting period

Total income
Total expenditure
Net income/(expenditure) and net
movement in funds		 Lifecraft (pre-
merger)
£
350,219
(314,201)
36,018		 Lifecraft CIO
(pre-merger)
£
-
-
-		 Charity (post
merger)
£
131,730
(133,071)
(1,341)		 Combined
total
£
481,949
(447,272)
34,677

Analysis of principal SOFA components for the previous reporting period

Total income
Total expenditure
Net income/(expenditure) and net movement in funds
Analysis of net assets at the date of merger
Net assets
Represented by:
Unrestricted funds
Restricted funds
Net income/(expenditure) and net movement in funds		 Lifecraft
(pre-merger)
£
423,461
(369,312)		 Lifecraft CIO
(pre-merger)
£
-
-		 Combined
total
£
423,461
(369,312)
54,169 - 54,169
187,881 - 187,881

Page 16