Lift - Labour In Faith And Trust
Statement of Financial Activities (Including Summary Income and Expenditure Account) for the year ended 31 March 2025
| Unrestricted | Restricted | Year | Year | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Total | Total | |||
| 2025 | 2025 | 2025 | 2024 | |||
| Incomefrom: | Notes | £ | £ | £ | £ | |
| Charitable income | 2 | 335,476 | - | 335,476 | 338,579 | |
| Total income | 335,476 | - | 335,476 | 338,579 | ||
| Expenditure on: | ||||||
| Charitable activities | 3 | (381,915) | - | (381,915) | (361,166) | |
| Total expenditure | (381,915) | - | (381,915) | (361,166) | ||
| Netincome before transfers | (46,439) | - | (46,439) | (22,587) | ||
| Transfer between funds | - | - | - | - | ||
| Net incoming resources | (46,439) | - | (46,439) | (22,587) | ||
| Fundbalances broughtforward | 100,130 | - | 100,130 | 122,717 | ||
| Fundbalancescarriedforward | 53,691 | - | 53,691 | 100,130 |
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 9 form an integral part of these financial statements.
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Lift - Labour In Faith And Trust
Balance sheet as at 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 5 | 15,145 | - | ||
| Current assets | |||||
| Cash atbank and in hand | 44,879 | 108,754 | |||
| 44.879 | 108,754 | ||||
| Creditors: amounts falling | |||||
| duewithin one year | 6 | (6,333) | (8,624) | ||
| Net current assets | 38,546 | 100,130 | |||
| Net assets | 53,691 | 100,130 | |||
| Capital and reserves | |||||
| Unrestricted funds | 53,691 | 100,130 | |||
| Generalfunds | 53,691 | 100,130 |
The financial statements were approved by the Board on 5 November 2025 and signed and approved for issue on its behalf by
Walter deag
Trustee
The notes on pages 6 to 9 form an integral part of these financial statements.
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Lift - Labour In Faith And Trust
Notes to the financial statements for the year ended 31 March 2025
-
Accounting policies
-
1.1. Basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102.
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 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 are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional 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 otherwise stated.
1.2. Tangible fixed assets and depreciation Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
LeaseholdComputersproperties -- 25%Straight reducingline over balance25 years .
1.3. Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the directors for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal
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Lift - Labour In Faith And Trust
Notes to the financial statements for the year ended 31 March 2025
seseesteeseseeeeeee CONTINUE
1.4. Resources
Incoming resources
All incoming resources 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 financial statements for services donated by volunteers.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings 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.
| 2. | Charitable income | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|---|
| 2025 | 2025 | 2025 | 2024 | ||||
| . | £ | £ | £ | £ | |||
| Donations and grants | 143,917 | = | 143,917 | 146,355 | |||
| Cafe income | 191,396 | - | 191,396 | 192,006 | |||
| Bank interest | 163 | - | 163 | 218 | |||
| 335,476 | - | 335,476 | 338,579 |
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Lift - Labour In Faith And Trust
Notes to the financial statements
for the year ended 31 March 2025
viseteseseeeeeeesee CONtiNUEd
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| 2025 | 2025 | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| 3. | Total resources expended | ||||
| Costs directly allocated to | |||||
| charitable activities | |||||
| Staffandpension costs | 159,700 | - | 159,700 | 143,565 | |
| Redundancy costs | - | - | - | 3,500 | |
| Projectcosts | 43,358 | - | 43,358 | 46,104 | |
| Madagascar expenses | 59,653 | - | 59,653 | 49,346 | |
| Cafe direct costs | 70,319 | - | 70,319 | 70,986 | |
| Insurance | 7,312 | - | 7,312 | 4,645 | |
| Light and heat | 10,712 | - | 10,712 | 18,447 | |
| Repairs and service | 3,290 | - | 3,290 | 2,072 | |
| Printing, postage and stationery | 11,044 | - | 11,044 | 5,596 | |
| Telephone | 2,324 | - | 2,324 | 2,344 | |
| Bank fees | 414 | - | 414 | 417 | |
| General expenses | 13,789 | - | 13,789 | 4,104 | |
| Charitable donations | - | - | - | 10,040 | |
| 381,915 | - | 381,915 | 361,166 |
4, Taxation
No liability to UK corporation tax arises on ordinary activities for the year. The Company is a registered charity .
5. Tangible fixed assets
| Tangible fixed assets | ||
|---|---|---|
| Vehicle | Total | |
| £ | £ | |
| Cost | ||
| Additions | 15,145 | 15,145 |
| At 31 March 2025 | 15,145 | 15,145 |
| Net book values | ||
| At31March2025 | 15,145 | 15,145 |
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Lift - Labour In Faith And Trust
Notes to the financial statements
for the year ended 31 March 2025
==> picture [486 x 313] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|seeeseeeeeeeeeees|CONtiNUEd|
|6.|Creditors:|amounts|falling due|2025|2024|
|within|one year|£|£|
|VAT|6,333|6,802|
|Accruals|-|1,822|
|6,333|8,624|
|Unrestricted|
|7.|Analysis|of net assets between|funds|reserve|
|fund|Total|
|£|£|
|Fund|Balances|at 31|March|2025|
|represented|by:|
|Tangible|fixed assets|15,145|15,145|
|Current|assets|44,879|44,879|
|Current|liabilities|(6,333)|(6,333)|
|Total|net assets|53,691|53,691|
----- End of picture text -----
The general reserve represents the free funds of the charity which are not designated for particular purposes.
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