Trustees. Annual Report for the period ', Period start dale 15 Period end date 31 Augu$t January 2025 From 2025 To Section A Reference and administration details Charlty name Learn to Live Other namos charity is known by Registered charity number lif any) 1211722 Charity's prlncipal addr883 Units 9 & 10 Manaton Close Marsh Barton Trading Estate Exeter EX2 8PF Namès of tho charity trustees who manage the charity Tru•tee namè Offl¢e Ilf anyl Dat98 acted If not for wholè ear Chair Name of pgrson lor bodyl entitled toa oint Iru8te¢ if an David O'Loughlin Nicola Burroughs Anne Davies Christine Walker Rachel Toll Appointèd 1510112025 Appointed 1510112025 Appointed 2710312025 Appointed 2710312025 Appointed 2910712025 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity, if any, (for example, any custodian trustees} Name Dates acted if not for whole ear TAR March 2012 Names and addresses of advisers (Optional information) e of adviser Name Address Name of chief executive or names of Senior staff members (Optional infomiation} Section B Structure, overnance and mana ement Description of tho charity's trusts Constitution Type of goveming document How the charity is constituted Charitable Incorporated Organisation {ClO} Trustee selection methods All Trustees are {re)elected each year at the AGM or on an ad-hoc basis as and when required. Existing Trustees and Management approve the prospect before formal selection. Additional governance issues (Optional infonnationl All Trustees bar David O'Loughlin give their lime voluntarily and re￿4Ve no remuneration or other benefits. You may choose lo include additional information, where relevant, about.. policies and procedures adopted for the induction and training of trustees., the charity's organisational structure and any wider network with which the charity works., relationship with any related parties., trustees, consideration of major risks and the system and procedures lo manage them. David O'Loughlin is engaged in a consultancy capacity, with his remuneration agreed by Management. Section C Ob"ectives and activities To relieve the needs of young adults with mental and physical disabilities through the provision of.. al recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life. b) support and activities which promote their continued development of life and independent living skills. Summary of the objects of the charity set out in its governing document TAR March 2012 We offer a personalised and bespoke provision that looks to respond to individual need and focus on the aspirations of the people we support. We offer a person cenlred and flexible approach to consolidating, developing and transferring skills. Access to living, learning, enrichment and work opportunities wilhin their local community and social opportunities with people their own age, avoiding the isolation that many young adults with disabilities face. We offer a Total communication environment and a rights respecting ethos. Each client has a personalised timetable that reflects their individual need, areas for development and interests and we have a range of activities available each day that include Life skills- shopping, cookery, budgeting, travel training, communication and relationships, housekeeping, car maintenance. Health and wellbeing - Swimming, street dance, walking groups and yoga. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this seclion the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on publlc benefit Work experience- Leam to Live has developed their own inhouse work experience placement by opening The Happy Place Grft Shop. Here our young people are guided to undertake all aspects of the day to day running of a small gift shop. Activities include customer service, operating the till and receiving payments, gift wrapping, product selection and display, advertisement, social media management and creation, and the creation and production of craft items to sell within the shop. Alongside the inhouse offer, some of our clients also benefit from external formal volunteering placement's Currently on offer is a local national trust property Killerton House, for gardening and Inky fingers, a local repurposing bookmaking company. Arts and crafts- alongside the craft products created at The Happy Place Gift Shop we have also developed a designated wood working workshop where clients are able to work with more complex machinery lo create various wood products thal are also sold at our giftshop. Any profits from the sales of the clients, products are used lo fund an enrichment week each year which they plan and arrange themselves. Gardening- We have our own allotmenl plot where we grow many of the fruits and vegetables used for our daily cookery sessions. Community inclusion- Using our local community for sharing interests and activities. Transition- working with individuals, their families and professionals in transitioning clients onto their next setting e.g. Supported living, work placements etc. In all of our practices and aspirations the Trustees have had regard to the uidance issued b the Charit Commission on ublic benefit. TAR March 2012 Additional details of objectives and activities (Optional infomiation) You may choose to include further statements, where relevant, about.. policy on granlmaking., policy programme related investment.. contribution made by volunteers. Section D Achievements and performance TAR March 2012 Section D Achievements and performance Summary of th8 main achievements of the charity during the year The Charity converted from a Community Interest Company {Learn lo Live 19-25 CICI in January 2025, carrying on the successful work and foundations laid by that company. The Charity continued to improve ils facilities at the Centre in Manalon Close, allowing more Students lo benefit from our Setvi￿S. This also enabled us to employ more staff to ensure the clients received greater care and broader range of life experience, very often on an individual basis. Our gift shop, The Happy Place. began trading on a full-time basis which gives numerous benefits." it gives our clients an outlet for their craft work, along with many local artists," some Students help in the shop which gives real life experience in a shop setting. Significantly, the shop raises the profile of the Charity and the important work it does helping our clients integrate in the local community. TAR March 2012 Section E Financial review Brief statement of the harity's policy on reserves The Charity aims to hold sufficient reserves to fund six months running of the Charity, although this target is still to be met. Details of any funds materially in deficit Further financial review details (Optional information) You may choose to include additional information, where relevant about.. the charity'5 principal sources of funds (including any fundraising}', how expenditure has supported the key objectives of the charity., investment policy and objectives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature{sl Full namels) David O'Loughlin Position (eg Secrotary, Chair. Chair etr) Date 3010612026 TAR March 2012 ## **Learn to Live** **Charity No. 1211722** **Company No. CE038802** **Trustees' Report and Unaudited Accounts** **31 August 2025** **Learn to Live Statement of Financial Activities** ## **for the period ended 31 August 2025** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total**
**Expenditure on:**
Raising funds
7
Charitable activities
8
Other
9
**Total**
Net gains on investments
**Net income**
10
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
180,058
336,839
7,995
1,098|**Total funds**
**2025**
**£**
180,058
336,839
7,995
1,098| |---|---|---| ||525,990
24,496
151,644
119,791|525,990
24,496
151,644
119,791| ||295,931
-|295,931
-| ||230,059
-|230,059
-| ||230,059|230,059| ||230,059|230,059| ||230,059|230,059| Page 1 **Learn to Live Summary Income and Expenditure Account for the period ended 31 August 2025** |Income
Interest and investment income
**Gross income for the period**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the period**
Net income before tax for the period
**Net income for the period**|**2025**
**£**
524,892
1,098| |---|---| ||525,990| ||290,909
5,022| ||295,931| ||230,059| ||230,059| Page 2 **Learn to Live Balance Sheet** ## **at 31 August 2025** |**at 31 August 2025**||| |---|---|---| |**Company No.**
**CE038802**|**Notes**|**2025**| |||**£**| |**Fixed assets**||| |Tangible assets|12|43,245| |||43,245| |**Current assets**||| |Debtors|13|62,237| |Cash at bank and in hand||153,505| |||215,742| |**Creditors:**Amount falling due within one year|14|(28,928)| |**Net current assets**||186,814| |**Total assets less current liabilities**||230,059| |**Net assets excluding pension asset or liability**||230,059| |**Total net assets**||230,059| |**The funds of the charity**||| |**Restricted funds**|15|| |**Unrestricted funds**|15|| |General funds||230,059| |||230,059| |**Reserves**|15|| |**Total funds**||230,059| Approved by the board on 03 July 2026 And signed on its behalf by: D. O'Loughlin Trustee 03 July 2026 Page 3 **Learn to Live Notes to the Accounts** ## **for the period ended 31 August 2025** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Fund accounting** |**Fund accounting**|| |---|---| |Unrestricted|These are available for use at the discretion of the trustees in furtherance of the| |funds|general objects of the charity.| |Designated funds|These are unrestricted funds earmarked by the trustees for particular purposes.| |Revaluation funds|These are unrestricted funds which include a revaluation reserve representing the| ||restatement of investment assets at their market values.| |Restricted funds|These are available for use subject to restrictions imposed by the donor or through| ||terms of an appeal.| |**Income**|| |Recognition of|Income is included in the Statement of Financial Activities (SoFA) when the charity| |income|becomes entitled to, and virtually certain to receive, the income and the amount of| ||the income can be measured with sufficient reliability.| |Income with|Where income has related expenditure the income and related expenditure is| |related|reported gross in the SoFA.| |expenditure|| |Donations and|Voluntary income received by way of grants, donations and gifts is included in the the| |legacies|SoFA when receivable and only when the Charity has unconditional entitlement to| ||the income.| |Tax reclaims on|Income from tax reclaims is included in the SoFA at the same time as the| |donations and|gift/donation to which it relates.| |gifts|| |Donated services|These are only included in income (with an equivalent amount in expenditure) where| |and facilities|the benefit to the Charity is reasonably quantifiable, measurable and material.| |Volunteer help|The value of any volunteer help received is not included in the accounts.| |Investment|This is included in the accounts when receivable.| |income|| |Gains/(losses) on|This includes any gain or loss resulting from revaluing investments to market value at| |revaluation of|the end of the year.| |fixed assets|| |Gains/(losses) on|This includes any gain or loss on the sale of investments.| |investment assets|| Page 4 **Learn to Live Notes to the Accounts** ## **Expenditure** Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable services in the furtherance of its objects, including the making of grants and activities governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Plant and machinery 20% Straight line Motor vehicles 10% Straight line Fixtures, fittings and 10% Straight line equipment ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## 2 **Charity status** The charity is a Charitable Incorporated Organisation, run by a board of Trustees and Manager. Page 5 **Learn to Live Notes to the Accounts** ## 3 **Income from donations and legacies** |4
**Income from charitable activities**
5
**Income from other trading activities**
6
**Income from investments**
7
**Expenditure on raising funds**
_Fundraising trading costs_
8
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_|**Unrestricted**
**£**
180,058
180,058
**Unrestricted**
**£**
336,839
336,839
**Unrestricted**
**£**
7,995
7,995
**Unrestricted**
**£**
1,098
1,098
**Unrestricted**
**£**
24,496
24,496
**Unrestricted**
**£**
151,644
151,644|**Total**
**2025**
**£**
180,058| |---|---|---| |||180,058| |||**Total**
**2025**
**£**
336,839| |||336,839| |||**Total**
**2025**
**£**
7,995| |||7,995| |||**Total**
**2025**
**£**
1,098| |||1,098| |||**Total**
**2025**
**£**
24,496| |||24,496| |||**Total**
**2025**
**£**
151,644| |||151,644| Page 6 **Learn to Live Notes to the Accounts** ## 9 **Other expenditure** |Employee costs
Motor and travel costs
Premises costs
Amortisation,
depreciation, impairment,
profit/loss on disposal of
fixed assets
General administrative
costs
Legal and professional
costs
10 **Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
11 **Staff costs**
Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess of £60,000.
12 **Tangible fixed assets**
**Plant and**
**machinery**
**£**
**Cost or revaluation**
Additions
1,954
At 31 August 2025
1,954
**Depreciation and**
**impairment**
Depreciation charge for
the year
391
At 31 August 2025
391
**Net book values**
At 31 August 2025
1,563|**Unrestricted**
**£**
39,391
3,106
49,848
5,022
15,867
6,557
119,791
**2025**
**£**
5,022
**2025**
30,581
3,769
780
35,130
**Motor**
**vehicles**
**£**
15,912
15,912
1,591
1,591
14,321|**Total**
**2025**
**£**
39,391
3,106
49,848
5,022
15,867
6,557
119,791
**Fixtures,**
**fittings and**
**equipment**
**£**
30,401
30,401
3,040
3,040
27,361|**Total**
**£**
48,267| |---|---|---|---| ||||48,267| ||||5,022| ||||5,022| ||||43,245| Page 7 **Learn to Live Notes to the Accounts** ## 13 **Debtors** |13 **Debtors**|||| |---|---|---|---| |Trade debtors
VAT recoverable
Other debtors
Prepayments and accrued income
14 **Creditors:**
amounts falling due within one year
Trade creditors
Other creditors
Accruals
15 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
16 **Analysis of net assets between funds**
Fixed assets
Net current assets
17 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**2025**
**£**
2,889
1,872
14,400
43,076
62,237
**2025**
**£**
15,256
8,100
5,572
28,928
**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
525,990
525,990|**Resources**
**expended**
**£**
(295,931)
(295,931)
**Unrestricted**
**funds**
**£**
43,245
186,814
230,059
**Cash flows**
**£**|**At 31**
**August**
**2025**
**£**
230,059| ||||230,059| ||||**Total**
**£**
43,245
186,814| ||||230,059| ||||**At 31**
**August**
**2025**
**£**| |||153,505|153,505| |||153,505
153,505|153,505| ||||153,505| Page 8 **Learn to Live Notes to the Accounts** ## 18 **Related party disclosures** ## _**Controlling party**_ The charity is run by a board of Trustees and Manager; thus no single party controls the charity. Page 9 **Learn to Live Detailed Statement of Financial Activities** ## **for the period ended 31 August 2025** |**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
**Total of expenditure on raising**
**funds**
Charitable activities
**Total of expenditure on**
**charitable activities**
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff entertainment
Staff training
Motor and travel costs
Vehicles - General costs
Travel and subsistence|**Unrestricted**
**funds**
**2025**
**£**
180,058
180,058
336,839
336,839
7,995
7,995
1,098
1,098
525,990
24,496
24,496
24,496
151,644
151,644
151,644
30,581
3,769
780
210
4,051
39,391
2,935
171
3,106|**Total funds**
**2025**
**£**
180,058| |---|---|---| |||180,058| |||336,839| |||336,839| |||7,995| |||7,995| |||1,098| |||1,098| |||525,990
24,496| |||24,496| |||24,496
151,644| |||151,644| |||151,644
30,581
3,769
780
210
4,051| |||39,391| |||2,935
171| |||3,106| Page 10 **Learn to Live Detailed Statement of Financial Activities** |Premises costs
Rent
Rates
Light, heat and power
Premises cleaning
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
machinery
Depreciation of Motor vehicles
Depreciation of Fixtures,
fittings and equipment
Bank charges
Equipment expensed
Equipment repairs and
maintenance
General insurances
Software, IT support and
related costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
**Total of expenditure of other**
**costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**|31,233
(1,039)
4,878
2,901
11,875
49,848
391
1,591
3,040
653
4,284
5,936
1,456
688
912
355
1,212
371
20,889
1,093
5,464
6,557
119,791
295,931
-
230,059
230,059|31,233
(1,039)
4,878
2,901
11,875| |---|---|---| |||49,848| |||391
1,591
3,040
653
4,284
5,936
1,456
688
912
355
1,212
371| |||20,889| |||1,093
5,464| |||6,557| |||| |||119,791| |||295,931
-| |||230,059| |||230,059| Page 11 **Learn to Live Detailed Statement of Financial Activities** |**Learn to Live**
**Detailed Statement of Financial Activities**||| |---|---|---| |Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|-
230,059
-
230,059|-| |||230,059| |||-| |||230,059| Page 12 **Learn to Live Independent Examiners Report** ## **Independent Examiner's Report to the trustees of Learn to Live** I report to the charity trustees on my examination of the financial statements of Learn to Live for the period ended 31 August 2025. ## **Responsibilities and basis of report** As the charity's trustees of the company you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: - accounting records were not kept in accordance with section 130 of the Charities Act ; or - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or - the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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 order to enable a proper understanding of the financial statements to be reached. Paul Rowlands . Minerva Accounting Solutions Ltd 20 Haccombe Path Newton Abbot Devon TQ12 4JB 03 July 2026 Page 0