Lift- Labour In Faith And Trust
Statement of Financial Activities Uncluding Summary Income and Expenditure Account)
for the year ended 31 March 2023
Unrestricted Restricted
Funds
Funds
Year
Total
Year
Total
2023
2023
2023
2022
Income from:
Charitable income
Notes
292,014
292,014
304,642
Total income
292,014
292,014
304,642
Expenditure on:
Charitable activities
(323,146)
(323,146)
(323,146)
(287,137)
(287,137)
Total expenditure
(323,146)
Net income before transfers
(31,132)
(31,132)
17,505
Transfer between funds
Net incoming resources
(31,132)
(31,132)
17,505
Fund balances brought forward
153,849
153,849
136,344
Fund balances carried forward
122,717
122,717
153,849
All of the above results are derived from continuing activities.All gains and losses recognised in
the year are included above.
The notes on pages 6 to 8 form an integral part of these financial statements.
Page 4

Lift- Labour In Faith And Trust
Balance sheet
as at 31 March 2023
2023
2022
Notes
Current assets
Cash at baLth and in hand
128,750
157,197
128,750
157,197
Creditors: amounts faIling
due within one year
(6,033)
(3,348)
Net current assets
122,717
153,849
Net assets
122,717
153,849
Capital and reserves
Unrestricted funds
122,717
153,849
General funds
122,717
153,849
The financial statements were approved by the Board on 20 November 2023 and signed and approved for
issue on its behalf by
Walter Maguire
Trnstee
The notes on pages 6 to 8 form an integral part of these financial statements.
Page 5

Lift- Labour In Faith And Trust
Notes to the financial statements
for the year ended 31 March 2023
Accounting policies
1.1. Basis of preparation
The charity constituts a public benefit entity &8 defined by FRS 102.
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to chaTities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Lreland issued
in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements ar¢ prepared on a going concern basis under the historical cost convention,
modified to include certain items at fair value. The f￿anCIaL statements are prepared in sterling which
is the funrtional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless othenvise stated.
1.2. Fund Accounting
Unrestricted fLmds are available for use at the discretion of the trustees in furtherance of
the general objectivcs of the charity.
Designated fimds are unrestricted ftu]ds eaTmarked by the directors for
particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or
through the ternis of an appeal
1.3. Resources
Incoming resources
All incoming resourccs are included in the SOFA when the charity Is legally entitled to the
income and the amount can be quantified with reasonable accuracy.
Donations are included as income when they are received. No amounts are included
in the fmancial statements for services donated by volunteers.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under h¢adings
that aggregate all costs relating to the category. Where Costs cannot be directly attributed to
particular headings they have been allocated to activities on a basis consistent with use of the
resources.
Page 6

Lift- Labour In Faith And Trust
Notes to the financial statements
for the year ended 31 March 2023
ontinued
2. Charitable income
Unrestricted Restricted Total
2023
2023
2023
Total
2022
Donations and grants
Caf¢ income
Bank interest
HMRC Grants
128,654
163,142
218
128,654
163,142
218
142,352
130,053
274
31,963
292,014
292,014
304,642
Unrestricted Restricted Total
2023
2023
2023
Total
2022
Total resources expended
Costs directly allocated to
charitable activities
Staff and pension costs
Project costs
Madagascar expenses
Caf¢ direct costs
Insurance
Light and heat
Repairs and service
Printing, postage and stationery
Telephone
Bank fees
Gcn¢ral expenses
Charitable donations
144,196
42,496
32,874
62,966
5,057
11,107
2,151
4,379
2,685
450
8,715
6,070
144,196
42,496
32.874
62,966
5,057
11.107
2,151
4.379
2,685
450
8,715
6,070
119,243
13,067
34,876
52,894
2,220
6,787
3,674
4,261
2,369
260
9,269
38,217
323,146
323,146
287,137
Page 7

Lift- Labour In Faith And Trust
Notes to the financial statements
for the year ended 31 March 2023
continued
Creditors: amounts falling due
within one year
2023
2022
VAT
6,033
3,348
Unrestricted
reserve
Analysis of net assets between funds
fund
Total
Fund Balances at 31 March 2023
represented by:
Current ass¢ts
CuLTent liabilities
128,750
(6,033)
128,750
(6,033)
Total net assets
122,717
122,717
The general reserve represents the free funds of the charity which are not designated for particular
purposes.
Page 8