IMPACTFUL LIVES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 Charity Registration No. 1203136
IMPACTFUL LIVES LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Andrew Waite lappointed 18 May 2023) Ms clene Allen {appointed 18 May 20231 Mr Alexandre Oliveira lappoinled 18 May 20231 Charty number 1203136 Registered offi Old Free School George Street Wafford Hertford5hire WD18 OBX Independent examiner John Sadler
IMPACTFUL LIVES CONTENTS Page Trustees, report 4-6 Independent examiner's report ststement of fin8n¢ral activities statement of financial position Notes to the financial statements 10-13
IMPACTFUL LIVES TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MA Y 2024 The trustees presenl their report and financial statements for the period ended 31 May 2024. The registered office is Old Free School, George Street, Watford, Hertfordshire, WD18 OBX. This is our first year of operating and what an amazing year it has been. We must first thank the Boad of Directors of Impactfvl Governance- Community Interest Company for taking on the additional responsibility lo establish the charity and complete the necessary paperwork. Secondly, that Impacttul Governance had the foresight lo support the start-up with a loan of £1,010 at ODkn to then apply for funding within their own ents'ty which pilots how we will be working in the future, once established. That loan has already been paid back to Impactful Govemance and they are now Asset-locked to Impactfvl Lives charity which means that all assets from the C.l.C. will benefit this charity and clear Se Level Agreements show how they work in collaborab'on lo &hieve common aim5 and for the charity. This year is all thanks to the volunteers, from a volunteer Board of Trustees to the dedicated volunteers who have met to discuss the charity and how il can take shape for the benefit of the LGBTQ+ Communities. We offer a heart-felt and genuine note of thanks to all those who have supported the ¢harity during this initial pwiod. We need to acknowledge the kind don8tsons from the general public and spe¢rfKally'. 1. All Aboard £2,500 LGBTQ+ Mentoring Support 2. Blankety Snatch Game £1,344.34 Load of Hay 3. Rainbow Lottery £443.50 Donations 4. Hertfordshire County Council £500 LGBTQ+ Winter RainL 5. Rotary Club Watford £500 LG8TQ+ Mentoring SupF)Ort 6. Atria Watford £132.46 Gift Wrapping 7. Collections and Pride Events £176.20 North Herts. Herts & Mentoring It falls on me with pleasure to thank the Board of Trustees for their guidance and support io enable us to achieve such great things during the year whilst simultaneou51y thanking our volunteers who have worked hard to help us achieve so much. Having achieved the atVe, Impactrul Lives will deliver rnore projects during 2024-25 through partnering and donations with: Tesco Charity of the month Impactful Governance Education, Training, Research & Employment Watford Pride Picnic Our first PrKle Event with Impactful Governance London Pride Our first London Parade in protest and celebration This ts truly a special charity with a unique approach to achieving the charitable obieclives. Our first AGM is in July 2024 where we will consolidate our work with two new volunteer Trustees joining the Board, ready lo make an even bigger and Impactful 2024-25. As a charity run 100% by volunteers, we are rea51y proud of all of our achievements, although we appreciate that if we intend to gain tenders and contracts to make a bigger difference. we will need to recwil a Chief Executive to manage such corstracls and who can be a paid member of staff.
IMPACTFUL LIVES TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MA Y 2024 The trustees have adopted the provisions of Accounting and Reporting by Charities-. Statement of Recommended Practice applble lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS102) (effective 1 January 20151. Objectiv•$ and activiti88 1.The preseNation and protection of the physical and mental health of LGBTQ+ persons suffering from stigma or bias by the provision of Mentoring or Counselling and support for such persons and by such other means as the tnjstees may from time to time decide. 2.The preservation and protection of the physical and mentsl health of LGBTQ+ persons who are disabled by such means as the trustees may from time to time decide. 3.The promob'on of equality and diversity by providing support to LGBTQ+ persons and by raising 8W8reness of issues that may affect that community. Goals Our initial goals were to reach-OLrt and establish soci81 actVItieS to bring people logelher in a meaningful way which could result in reducing isolation, generate interests'ng dialogue wilh LGBTQ+ peers and Wofk with ImpactfLFI GoveTnance- Community Interest Company whose Directors founded Impactful Live$, to provide a Ment1n9 Sefvice. By c4)ntinuing our work whh Imp¥ffuS Govemance, we have and will deliver further projects.. Hertlordshire County Council C8refS Support. Domestic Abuse, Adull Care Tring Town Council LGBTQ+ Mentoring Support Walford Rural Council LGBTQ+ Mentoring Support Police & Crime Commissioner LGBTQ+ Mentoring Support Hertsmere Council LGBTQ+ Mentoring Support Hertfordshire Partnership NHS Trust Gender Identity & Health Inequalities Organisation LGBTQ+ Tralning Gender Awareness Watford Borough Council Sponsoring Watford Pride Picnic Luton Borough Council LGBTQ+ Tailored Employment Hertfordshire Foundation Trust LGBTQ+ Rainbow Futures (Financial Supportl The Trustees review the aims, objectives and activities of the charity each year. This report tooks at what the charity has achieved and the outcomes of its work within the period. The Trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the Trustees ensure the charlty s aims, objectives and tivities remain focused on ils stated purposes. The trustees have paid due regard to guidance issued by the Charity Commission in deCIng what activities the charity should undertake.
IMPACTFUL LIVES TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MA Y 2024 Achievofflonts and p8rformancg Waiford Museum Launch of the charity Load of Hay MonthFy venue for Blankety Snatch Tesco Community R¢)om Monlhty Queers & Peers Group North Herts Pride Hrtchin stall promoting our work Herts Pride Watford stall promoting our work Nehvorks Tackling stigma & bias at every opportunity Rotsry Club Supporting them with 8 fundraising evenl LGBTQ+ History Producing an LGBTQ+ History Makers booklet Mentoring Service Has been tested and is now an embedded referral process. Financial review The Statement of Financtal Activities shows a Surplus of £2,316 and the Statement of Financial Position shows net assets al 31 May 2024 of £2,316. Structure, govemance and management The Trustees have referred to the guidance contsined in the Charity Commission's gener81 guid8nce on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the Trustees conskler how planned activities will contribute to Ihe aims and objectives that have been set. Andrew W811e, Clerene Allen and Alexandre Oliveira were appointed as trustees on 18 May 2023. AII trustees continue to serve as trustees up to the date of signature of the financial statements.. MrAndrew Waitè {appointed 18 May 2023} Ms Clerene Alen {appointed 18 May 20231 Mr Alexandre 0Siveira {appoinled 18 May 20231 The trustees. report was approved by the Board of Trustees Andrew Walte Chair of Trustees 16 Juty 2024
IMPACTFUL LIVES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IMPACTFUL LIVES I report to the Iruslees on my examination of the ffinancial stakments of Impactful Lives (the charity) for the period ended 31 May 2024. Responslbllltles and bas1$ of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charsties Act 2011 1.the Act'l. I report in respect of my examination of the charity's financial statements carried out under section 145 ofthe Charities Act 2011 (the 2011 Act). In carying out my examination I have followed all the applicable Directions given by the Charity Commission under sectlon 145{5}Ib) of the 2011 Act. Independent examlneV8 Statement I have completed my examination. I confim) that no matters have come to my attention in connection with the examination gwing rne cause to believe that in any material respect.. 1. Ac¢ounting re¢ords were not kept in SpeCt of the charity in accordance with section 130 of the Charities Act., or 2. The financial ststements do not accord with those records,. or 3. The financial statements do not Comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that accounts give a 'true and fairf view which is not a matter considered as part of an independent examinats'on. I have no cOnmS and have come across no other matters in connection wlth the examination lo which attention should be drawn in this report in order to enable a proper understand of the financial st8lem8nts to be reached. John Sadler Sadler Advisory Limited 68 Ambergate StreeL London SE17 3RX 16 Juty 2024
IMPACTFUL LIVES STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MA Y 2024 Unrestrlcted funds 2024 Restrf¢ted funds 2024 Totsl Funds 2024 Noles Income from: Donations and legacies 5.598 5,598 Total Income s98 5,598 Ex nditure on: Charitable aclivilies 3,282 3,282 Net income for the pÈriod 2,316 2,316 Reconciliation of funds: Totsl funds brought forward Fund balances at 31 May 2024 2,316 2,316 The slatemenl of financial activities includes all gains and losses recc•Jnised in the period. All income and expenditure derive from continuing a¢tlvitles.
IMPACTFUL LIVES STATEMENT OF FINANCIAL POSITION AS AT31 MAY2024 2024 Notes Current as8ets Cash al barsk and in hand 2,326 2.326 Credltors: amounts falllng dua wlthln one yoar (10) Net Current assets 2,316 Income funds Ullrestricted funds Restricted fund5 2,316 Resorvos Total Funds 2,316 The notes al pages 10 to 13 form p8rt ofthese accounts The financial ststemenls were approved by the Trustees on 16 July 2024 Andrew Walte Tnjslee
IMPACTFUL LIVES NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MA Y 2024 Accounting polici05 The principal accounting policies, all of which have applied consistentty throughout Ihe period, are sel out below. Charity Infomiation Impactlul Lives is an unincorporated ¢harty registered in England and Wale$. The registered office is Otd Free School, George Streel, Watford, Hertrordshire, W018 OBX. 1.1 A¢counting ¢onventlon The financial stslements have been prepared in accordancewtth the charity's SORP {FRS1021 'Accounting and reporting by Charities.. statement of Recommended Practice applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102} {effective 1 January 20151,, Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006, the Companies Act 2006 and 'A¢counting and Reporting by Charities.. statement of Recommended Practice applicable to charities preparing their accounts in accordance with the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021" (as amended for accounting periods commencing from 1 January 2016). The charity is 8 Public Benefit Entity as defined by FRS 102. The charity has taken advantsge of the provistons in SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. Thefinancial statements are prepared in sterling. which is the functional currency of the charity. Monetary accounts In these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policie$ adopted ale set out below. 1.2 Golng concern Al Ihe tsme of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable fvture. Thus the trustees ¢ontinue to adopt the going concern basis of a¢¢otsnting prepare the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitsble objectives unless the fijnds have been designated for other purposes. Restricted funds are subject to specific ¢onditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the trustees, report. Endowment fvnds are subjeGt to specific conditions by donors that the Capital must be maintained by the charlty. IA InmIng resources Income is recognised when the charity is legalty entitled to it after any performance conditions have been met, the amounts can measured reliably, and it is probable that incoffE will be received. io
IMPACTFUL LIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MA Y 2024 A¢¢ountlng policies {continuedl Cash donations are recognised on receipt. Other donatnS are recognised once the charity has been notified of the donation, unless performance conditions requi deferral of the amounL Income tax recoverable in relation to donations recebved under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on ceIpt, or otherwise if the charrty has been notified of an impending distribution, the amount is known, and receipt expected. If the amount is not known. the lega¢y is treated as a contingent asset. Turnover is measured at the fair value of the constderation received or receivable and represents amounts re¢eiv2ble for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. 1.5 Resources expendgd Costs expended in order to generate funds are reccgnised once it becomes obligated lo paying those costs. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- lemi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wilhin borrowings in current liabilitps. Baslc financial liabiTlities Creditors are not interest bearing and are staled at their nominal value. Donatlon8 and legaclos Unrestrirted funds Restrlcted funds Total 2024 2024 2024 Donations and gifts 5,598 5,598 Total 5,598 5,598 li
IMPACTFUL LIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MA Y2024 Charitable activities Unrestrlcted funds Restrlcted funds Total 2024 2024 2024 Advertlsing and marketing Insurance Printing and stationery IT ¢osls Legal and Professional fees Sundry other costs 1,373 123 431 1.373 123 431 248 1,105 1,105 Total 3,282 3,282 Trusttss of the trustees {or any persons connected with them) received any remuneration or benefits from the chanty during the period in reScl of empkjyment. Employeos There were no fvll time-equivalent IFTE) employees during the perK#J, excluding subcontractor5 and freelancers. Independent examlnatlon In Spect of the Independent Examinats'on of the accounts for the period ended 31 May 2024, no fee was paid. Creditors: amounts falling duo Within one year 2024 Loan Payable 10 Total 10 12
IMPACTFUL LIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE PERIOD ENDED 31 MA Y2024 Movement in Funds At1May 2023 Incomlng resources Resources Gross Transfers At 31 May 2024 •xpended Re8trlcted Funds Restricted Income Funds: NIA Total Unrestri¢ted funds General Funds 5,598 (3,282) 2,316 Total Funds 5,598 {3,2821 2,316 13