Company Registration Number: N1043026 Charity Number.. NIC102325 OR IFE Love For Life IA ¢ompany limited by guarantee. not having a share (apitaLI Annual Report and Unaudited Financial Statements for the financial year ended 31 August 2023 Daly Park & Company Ltd Chartered Accountsnts and Independent Examiners 4 Carnegie Street Lurgan County Armagh BT66 6AS Northern Ireland INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company Limited by guarantee. not having a share capitsll CONTENTS Page Trustees, and Other Information Trustees, Annual Report 4-14 Statement of Trustees, Responsibilities 15 Independent Examiner's Report 16 Statement of Financial Activities 18 Balance Sheet 19 Notes to the Financial Statements 20-28 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company lirnited by guarantee, not having a share tapitall TRUSTEES, AND OTHER INFORMATION Trustees Helen Minford Carlton Edwin Baxter lan Bingham Mervyn Cordner Heather Kathryn Mary Evans Gary Halliday Emma Jane Irwin David Munroe Raymond PolLock Charity Number in Northern Ireland NIC102325 Company Registration Number N1043026 Registered Office 6 Banbridge Road Waringstown Craigavon Co. Armagh BT66 7QA Northern Ireland Principal Address 6 Banbridge Road Waringstown Craigavon Co. Armagh BT66 7QA Northern Iland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan CountyAmiagh BT66 6AS Northern Ireland INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company Limited by guarantee. not havrng a share capitsll TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2023 The twstees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial ststements for the financial year ended 31 August 2023. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by CharitTes-. Statement of Recommended Practice appLicabLe to charities preparing their financial statements in accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice ISORPI guideline5. The trustees of the company are also charty trustees forthe purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Love For Life present a summary of l(s purpose. governance. activfcies. achievements and finances for the financial year 31 August 2023. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Art 2006 and. although not obliged to comply with the Ststement of Recommended PractTce ISORPI as issued by the Charty Commissioners for England and Wales in Ortober 2005 (updated in 20081. the organi5ation has implemented its recommendab.ons where relevant in these financial statements. Structure, Governance and Management Strurture The organisation is a company rnIted by guarantee incorporated in Northem Ireland under reference N1043026. It 15 govemed by its Memorandum and Articles of Association dated 23rd April 2002. It is recognised as a charty for tax purposes by HM Revenue & Customs under reference XR59713 and completed registration with the Charity Commission for Northern Ireland on 4th March 2015 under the reference NIC102325. In the event of the company being wound up. members are required to contribute an amount not exceeding £1. The company is under the control of the Director5 who are. therefore. acting a5 Trustees for the Charity. Organisation The Board of Directors administers the charty. The Board meets at least six times a year. The Chief Executive Officer. Judith Cairns. has been appointed by the Directors to manage the day-to-day affair5 and operation5 of the charity. INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limited by guarantee. not havrng a Share capitaLI TRUSTEES, ANNUAL REPORT for the financiaL year ended 31 August 2023 Governance Dirertor Appointment & Training As described in the Arbcles of Association. a new dirertor may be eligiblefor appointment if 21 days beforethe annual general meeting. written notice is deposited with the gIStered office of the intended proposal, signed by a member, and signed bythe person to be proposed. so as to indicate their willingness to be eiecied. New directors are briefed on their legaL obLigations under charity and company law. the content of the Memorandum and Articles of Association. the Board and decision-making processes and recent financial performance of the charity. Directors are encouraged to view the Charities Commission website so as to gain a fulL understanding of their roLes and responsibilities. Risk Management The Trustees have a risk management strategy which comprises an annual review of the risks the ¢harty faces. the establishment of systems and procedures to mitigate those risks identified and the implementation of procedures designed to minimise any potential impact on the charity. Public Benefit Statement In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission for Northern Ireland's statutory guidan on public benefft to ensure that the artivities have helped achieve the charity purposes and prowde a benefitto the beneficiaries. INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company Limited by guarants¢. not having a share capitall TRUSTEES, ANNUAL REPORT ft>r the financial year ended 31 August 2023 Review of Activities, Achievements and Performance Chief Executive Introduction Everyone loves a good story. Stories have an incredible way of drawing us in. They conneci us. They engage us. Many childhood stories begin with those familiar words. -once Upon a time". These are the stories that had to be read over and over and over again. even though we all knew what was going to happen. However. some of our childhood stories are reaLLy quite gruesome. Firm favourites such as Sleeping Beauty. Hansel and Gretel and Little Red Riding Hood have grim undertones. Here is where we would nom)ally introduce you to some of the main chararters. But I don't need to do that Why. Because you already know them. You know the chararters in this story. They are the children and young people you care about. deeply. This story we share surrounds them. Influences them. Is shaping them. The story they hear is Loud and rt is persistent. 's a story about everyone. Everyone is, everyone has. This story prioritises feelings, and rf itfeels good, do it. It's a persuasive story. If you do this, share this, you will be accepted. even loved perhaps. This story is motivated by desire. If you want tt. you can have it. But it does have some boundaries, you can have i( as Long as the other person wants it too of cour5el This story can be found in rnovies, on social media, online and it can also be found in the playgrounds and corridors of our schools and in our youth groups. This story does not respert our chararters. nor does it value chararter. This story is making our young people and children. consumers and perhaps even treats them as objects. Over these next few pages. we're going to tske a closer look at the impartthis story has on our young people. We will ceLebrate how our programmes are changing the narrative, by bringing a p055ible, purposeful. and lrfe-giving vision for their chararter and relational choice5. We wilLfinish with an encouraging reminderthat we all have the power to change the ending of this story. INSPIRING RELATIONSAIPS
OR IFE Love For Lrfe IA company limited by guarantee. not having a share capita(I TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2023 Impact Report 22-23 Academic Year About Us Formed in 2002. Love For Lrfe is a Christian charty with a long-standing reputation for delivering holistic Relationships and Sexuality Education IRSEI in all school types and in many different community settings across Northern Ireland. Our programmes for young people. parents & carers aim to inspire, equip and resour the next generation to know their worth. flourish in their relationships and value their sexual choice Our vision forthe future is every young person valuing themselves, relationships and sex in a thriving society. CHAPTER 01 I Culture's story and its impact This is the big pirture story frorn across Northern Ireland and the rest of the UL. A third of children aged 8-17132%) said that they believed all or most of what they saw on social media to be accurate and true l in 5 children and young people in Northem Ireland have experienced Something nasty or unpleasant happening to them online over the past couple of months. most commonly on social media apps 26% of 8-17-year-olds believed there was pressure to be popular on these types of platforms all or most of the time Happiness of young people aged 10 to 15 in the UK is decreasing in the areas of., life as whole. friends, appearance and school On average. children first wew pornography at 13. A signnficant minority of children have been exposed at an earkner age.. IO% had seen it bythe age of 9, 27% bythe age of 11 and 50% bythe age of 13 14-18 year old girls are 3 tirnes more likely than boys to be asked to send nude photosfvideos of themselves. Girls were 8150 more likely to see or be sent content promoting self-harm. eating disorders, or suicide What young people in our programmes said in the last academic year: 47% of 11-14s can't, or don't know if they can. tslk openly about the physicaL and emotional changes they are going through with a trusted adult 13% were a victim of bullying. Looking at just 11-year-olds. this increases to 17% 36% have given into peer pressure and done something they didn t want to do 13% are accessing pomography at least weekly. When you look atjust males. this increases to 48% 16% of 15 year olds have had sexual intercourse Only 52% of 11-145 know how to handle conflirt in reLationships 30% of 11-14s don't know rf they are confident and able to deal with the physicaL and emotional changes they are going through This story is uncomfortable. We asl how is it helping young people value strong healthy relationships? INSPIRING RELATIONSHIPS
OR IFE Love For Life IA cornpany limited by guarantee. not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2023 Only 47% of 13-18s have a trusted adult they can tau( openly with about relationships and sex. This is a story we can change! We believe in a drfferent story for children, young people, families and society. CHAPTER 021 Our Vision Our vision forthe future is every young person valuing themseLves. relationships and sex in a thriving society. We believe every young person should feel confiden( equipped and inspired to make healthy cholS and to build strong relationships. Through our school & community programmes. we remind every young person of their uniqueness. value and worth. We equip them to thrive through the changes and challenges of adoLescence. We support them to confidently identify and respond to influences and pressures around relationships and sex. We encourage them to explore the skills and values needed to b¥Jild strong. healthy relationships. INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company Limited by guarantee. not having a share capitsll TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2023 CHAPTER 031 Our Year in Numbers In the 2022-23 academic year we delivered 849 programmes to 45.263 young people. parents. cagIverS. adults and teachers in schools. churches. community groups and tsacher training settings. We partnered with 36% of Primary Schools in Northern Ireiand1280 schools) and 46% of Post-Primary Schools188 schooisl. In the iastthree academic years, we partnered wrth 47% of Primary Schools and 71% of Post-primary Schools across Northem Ireland. THE 22/23 ACADEMIC YEAR IN NUMBERS IN 22/23WE REACHED 45,263 YOUNG PEOPLQ PARENTS & CARERS t KrfASEC*4tI8FAC•1211 In O£oknic Instltut THE 22/23 ACADEMIC YEAR IN NUMBERS IN 22123 WE DELNERED in Churchés 849 In cornffThty PROGRAMMES In S¢t¥)ol$ INSPIRING RELATIONSHIPS
OR IFE Love For Lrfe IA company limited by guarantee. not having a Share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 August 2023 VOLV4T APY SO ¢OMTH¢LII0 44 We engage with all school types COMT90L&ED 41.. MAI*TAIMIP JI¥ PRIMARY POST-PPIMARY Programme delivery by region. NORTNERN BELFAST INSPIQING RELATIONSHIPS io
OR IFE Love For Life IA tornpany limited by guarantee. not having a Share capital) TRUSTEES, ANNUAL REPORT forthe financialyearended 31 August 2023 CHAPTER 041 Changing the Story We want a different story for our young peopLe. To do this. we believe there are three parts of the storythat need to be re-written. Our vision for this is: STrONG HEALTHY RELATIONSHIPS Relationships & Sexuality Education is focused on whole-person development. allowing young people space to reflect and evaluate how their attitudes, values and beliefs will shape their choices. All children and young people are confident. equipped and inspired to make healthy choices and to build strong relationships. FAMILIES INSPIRING YOUNG PEOPLE Parents & Carers are leading conversations about relationships and sex with their young people. They are well informed and confident, working in partnership with their schools and community to posfciveLy shape their young people's attitudes. values. beefs, habrts and prattl$ around healthy relationships. THRIVING SOCIErY RSE is grounded in the understanding of the inestimable value and worth of every child and young person and the building of strong. healthy relationships is championed from childhood to adulthood. Over sexuaLised Cultural norms are challenged at all levels and there is a collective commttmentfor all young peopLe to know their worth. flourish in their relationships and value their sexuaL choices. Together. we can change the story. CHAPTER 051 Our programmes are changing the narrative in schools Following the Love For Life programme... 80% found the programme helpful 82% have a stronger understanding of the difference between a healthy and an unhealthy relationship 81% have a clearer picture of the type of friend they want to be 69% feeL equipped to tske a stand against bullying 76% say they will find it easier to rnake healthy choices in the future. even if friends are making different choices 68% have a deeper understsnding of their uniqueness and worth 75% feel more equipped to discuss their boundaries and values in relationships 100% OF POST-PRIMARY TEACHERS SURVEYED RATE THE APPROPRIATENESS OF THE PRESENTATION AS VERY GOOD122%1 OR EXCELLENT178%1. INSPIRING RELATIONSHIPS li
OR IFE Love For Life IA company limited by guarantee. not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2023 CHAPTER 061 Our programmes are changing the narrative in the community Junior111-14}- evaluation tsken bthre and after the programme l understand my uniqueness and worth.. before- 79%, after= 86% l understand the differen between a healthy and unhealthy relationship: befo= 85%. after= 95% I know how to handle conflici in relationships.. before- 52%. after= 78% I feel confident and able to deal wrth the physical and emotionaL changes l am going through: before= 65%. after= 84% If I feel under pressure to do something I don't want to do I feel I could resist that pressure: before- 66%. after- 79% I can talk openly about my relationships with a trusted aduLt'. before 54%. after= 66% Senior {14-18+)- evaluation taken before and after the programme l understand my uniqueness and worth.. before= 66%. after= 85% l understand the difference between a healthy and unhealthy relationship= before - 84%, after- 92% Sex is something to be valued and resperted.. before= 90%. after- 97% I feeL confident discussing my boundaries and values in reLationships= before = 67%. after= 81% 93% had space to talk and think CHAPTER 071 Our programmes are changing the narrative for parents & carers FOLLOWING THE LOVE FOR LIFE PROGRAMME... 9896 said it improved their understanding of issues facing young people 95% said tt raised their confidence in their role as a parentlcarer of young people 98% thought the LFL presentation on the 'digita( world" was helpful or very helpful 96% said it increased their ab1"ty to communicate around issues of relationships & sexuality 94% of parentskarers feel more confident in their ability to manage the digital world CHAPTER 081 Stories from a Teacher & Church Leader PRIMARY TEACHER'S sfoRY "For many years. we've had the joy of welcoming the Love For Life team to deliver the 'WhaVs Inside?. Programme to our Year 7 pupils. supporting us in our delivery of RSE. The programme from startto end is engaging. lively and interactivel Our pupils tske away so much valuable infomiation and practical learning to incorporate into their daily lives. One of my personal favourite parts of the workshop is when the pupils getthe opportunity to open the blue suitcase in the section called "Ups and Downs" The Love For Lrfe team highlight issues that young people may be faced with and then give some space for them to reflect on their own ups and downs and how they could respond. INSPIRING RELATIONSHIPS 12
OR IFE Love For Life IA company limited by guarantee. not having a share c8PltaLI TRUSTEES, ANNUAL REPORT ft)r the financial year ended 31 August 2023 Over the years. I have noticed more and more pupils experience family break up. death within their immediate and extended family, family members struggling with mental ill-health. Wtthin a daily. busy ckssroom this can be difficult to address in an appropriate. sensitive manner. However. within this section of the 'What's Inside?1 programme. the pupils learn that lrfe is not aLways straightForward.' it is a series of ups and downs which many other pupils in the room are experiencing also. The reflective Silen in the classroom as the pupils compLete their booklets (while listening to 'Life is a Rollercoaster ' by Ronan Keatingll always pulls on a sensitive heart string of the teachers present. We so value the experience, insight and support from an external partner. like Love For Life. as we address these sensittve topics. Pupils really benefit hearing these important messages fmm external voice5 as well as their teachers. The Love For Life visit often sparks opportunities for our teachers to pick-up conversation5 and questions in more depth. Well done Love For Lrfelll A CHURCH LEADER'S sfoRY "As a church. a core part of our vision is to equip parents to disciple their children and young people and we really want to be proactive in creating space to be equipped to do this well. However, we recognised we needed help to do this. Love For Life has a proven track record of addressing some of our culture's most challenging and sen51tive questions with clarity and understanding. so we invited them to partner with us to do thi5. As a church. we set aside a Saturday for our parents, carers and anyone invoLved in the tives of young people. The Love For Life team came and Led us through three programmes-. Face to Facebook IdigitsL worLdl. Birds and Bee5 (relationships and sex) and Anchored (God's life-giving story for relationships and sex). The day was pitched perfectly! The programme content and delivery by the team built confidence and equipped us all, incLuding our staff. on how to support our children and young people. Those that attended Left energised. equipped and hopeful aboutthe posttive influence they can have. Beyond that, one dad expressed gratitude that his church was willing to invest time and energy in providing such a resource for him and his wife. We're incredibly grateful for the insight, experience and exceLlence of the Love For Life team. I'd encourage every church to set aside time and create Spa for these important issues. Ne(. we'll be bringing the Love For Lrfe team back to invest dirertLy in our young people. knowing that our parents and carers are confident and equipped to continue those vital conversations. The full Impact Report is available here: 48XISS INSPIRING RELATIONSHIPS 13
FOR LIFE Love For Lrfe IA CDmpany ltmitod by 9uarantte, not havrng a 5h3re capital) TRUSTEES, ANNUAL REPORT forthefinanciaLyear ended 31 August 2023 Financial Review The results for the financial year are set out in the Statement of Financial Acuvitiès. Balance Sheet and additional notes are provided showing income and expenditure in greater detail. Financial Results At the end of the financial year the company ha5 a55ets of E459,51112022 - £471,576I and liabilities of £12,212 12022 - £15,5651. The net assets of the cornpany have decreased by £18,7121. Trustees The tsu5tees who servetf throughout the financial year, except as notèd, were as follows: Helen Minford Carlton Edwin Baxter lan Bingham Mervyn Cordner Heather Kathryn Mary Evans Gary Halliday Emma Jane Irwin David Munroe Raymond Pollock In accordance with the Articles of Association. the dilertors retire by rotation and, being eligible, offer themselves for re-election. Compliance wth Sector-wide Legislation and Stsndards The company engages pro-actively with legislation, standards and codes which are developed for the settor. Love For Life subscribes to and 15 compliant with the following., The Companies Act 2006 The Charitie5 SORP IFRS 1021 Approved by the Board of Trustep5 on and slgned on its behalf by. Helen Minford Director Mervyn Cordner Dirertor INSPIgINIG RELATIONIS4inS 14
FOR LIFE Love For Lrfe IA company limited by guarantee. not having a sharo (apitall STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 August 2023 The trustees, who are a150 direttors of Love FrJr Life for the purp05e5 of company law. are responsible for preparing the financial statements in accordance with applicable law and reguLations. Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prèpare the financial statements in accordance wrth United Kingdom Generally Accepted Accounting Pr3rtite (United Kingdom Accounting Standards and applicable lawl including FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company 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 ot the company and of the net income orexpendTtLtre of the company for that period. In preparing these financial statements. the trustees are required to.. selert suitable atttjunting policie5 and apply them consistentlv., make judgements and estimate5 that are reasonable and prudent stste whether the financial siatements have been prepared in accordance with the relevant financial reporting framework, identify those stsndards. and note the effert and the rea5pn5 for any rnatsrial departure from those standards. and prepare the financial statements tsn the going concern ba515 unless it is inappropriate to presuma thatthe company will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial ststernErits. The trustees are responsible for keeping adequate accounting record5 that are sufficient to show and explain tha compary's transactions and di5c105e with Kea50nable accuracy at any time the financial position of the company and enablethem to ensurethatthe financialstatements ¢omplywith. They are also responsible for safeguarding the assets of the company and hence fortaking reasonable step5 forthe prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on and sigrbed on its behalf by. Helen Minford Director Mervyn Cordner Director IINSDIRING RELATIONISNIPS Is
OR IFE Love For Life IA cornpany Ilmltsd by 9uarantee, not havlng a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF LOVE FOR LIFE We have examined the financial ststements of the company for the financial year ended 31 August 2023. which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Accounti. the Balan Sheet and the related notes. Respective responsibilities of trustees and examiner The company's trustees Iwho are also the directors of the company forthe purposes of company lawl are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Art 2006. The company's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Aci 2006 and that an independent examination is required. It is our responsibility to: examine the financial statements under secknon 65 of the Charitres Act., foLLow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities ACL. and state whether particular matters have come to our attention. Basis of independent examiner's pOrt We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance wtth the general Directions given by the Charity Commission for Northern Ireland under sectron 6519llbl of the Charities Act An examination includes a VIeW of the accounting records kept by the company 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequentLy no opinion is given as to whetherthe accounts present a 'true and fair. view and the report is limited to those matters set out in the statement below. INSPIRING RELATIONSHIPS 16
OR IFE Love For Life IA company Ilmltgd by guarantee. not having a shar8 capitall In connection wtth our examination. no matter has come to our attention which gives us cause to believe that in, any material respect.. accounting records were not kept in accordance with sertion 386 of the Companies Act 2006 the financial statements do not accord wfch those accounting records the financial statements have not been prepared in accordance with the accounting requirements of sertion 396 of the Companies Act 2006 and with the methods and principles of the 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 IFRS1021 there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's ststsment We have no concerns and have come across no other matters in connection with the examination to which attention should be dr wnin eport in order to enable a proper understanding of the finanaaL statements to be reached. K & COMPANY LTD Charte d Accountants and Independent Examiners 4 Carnegie Street Lurgan County Armagh BT66 6AS Northern Ireland Date.. i-l l i 1114 INSPIRING RELATIONSHIPS 17
OR IFE Love For Lrfe IA company limited by guarantee. not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilntorporating an Inrome and Expenditure Account) for the financial year ended 31 August 2023 Unrestrirted Funds 2023 Total Unrestricied Restricted Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notrs Incoming Resources VoLuntary Income Charitable artiwties Income from Charitable Activities Activities for generating funds Investments Other income 90,981 90,981 128,340 128.340 331.926 34.300 1,887 331.926 34.300 1,887 274.264 10.000 284.264 82 288 82 288 Totsl incoming resources 459.094 459.094 402.974 10.000 412,974 Resources Expended Raising funds CharitsbLe activities 42,673 425,133 42,673 425,133 33,933 335,933 33.933 340.933 5.000 Total Resources Expended 467.806 467.806 369.866 5.000 374,866 Net incomingloutgoing resources before transfers 18,712) 18.712) 33,108 5.000 38.108 Gross transfers between funds 5,000 15.0001 Net movement in fijnds for the financial 18.7121 18.7121 38,108 38.108 year Reconciliation of fund5: TotaL funds beginning of the year 13 456,011 456.011 417.903 417.903 Total funds at the end of the year 447,299 447,299 456,011 456.011 The Statement of Financial Activities incLudes all gains and Losses recognised in the financial year. All income and expenditure relate to continuing aCtiVe5. INSPIRING RELATIONSHIPS The notes on pages 20 to 28 form part of the ffnancial staternents 18
FOR IFE Love For Life IA company bmitEd by yuarontee. not having a share capitaLI Company Number N1043026 BALANCE SHEET as at 31 August 2023 2023 2022 Notes Fixed Assets Tangible assets 271.054 279,493 CYent Assets Debtors Cash at bank and in hand io 18,524 169.933 32,423 L59,660 188.457 192,083 Cre&itor5: Amounts falbng due wrthin vne year {12,2121 115.5651 Net Current Assets 176,245 176,518 Total A55ets Less Current Liabitities 447,299 456.011 Funds Designated fvnds Iunrestiictedl General fund lunrestrirtedl 176,245 271,054 176.521 279.490 Total fvnds 447.299 456.011 These financial statements have been prepared in accordance with the special provi5i0ns relating to small companies within Part 15 ofthe C¢mpanies Act 2006. Forthe financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.. and no notice has been dep051ted under Section 476. The trustees confirm that the members have not required the company to obtain an audit of its financial statements tor the financial year in question in accordance with section 476 of the Companies Act 2006. The trustee5 acknowledge their re5pon5ibilities forensuring thatthe company keep5 accounting cor¢J$ which cornply with 5ertion 386 and for preparing financial #atements which give a true and fair view of the state of affair5 of the company a5 at the end of the financial year and of its profft and 1055 for the financial year in accordance with the requirements of section5 394 and 395 and which otherwise comply with the requirernents of the Companies Act 2006 relating tv financial staternents. 50 far as applicable to the company. Approved by the Board of Trustees and authorised for issue on and signÈd on Its behalf by Helen Minford DirErtor Mervyn Cordner Dirertor INSQIRINIG ,ELATIOINSqIOS The noles on pages 20 to 28 fortn part of the financial 5t3lemenl5 19
OR IFE Love For Lrfe IA company limited by guarants¢. not havrng a share rapitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2023 GENERAL INFORMATION Love For Life is a company limited by guarantee incorporated in Northern Ireland. The registered office of the tompany is 6 Banbridge Road, Waringstown, Craigavon, Co. Armagh, BT66 7QA. Northern Ireland which is also the principal place of business of the company. The financiaL statements have been presented in Pound 1£) which is also the functronal currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The foLLowing accounting policies have been applied consistently in dealing wfch items which are considered material in relation to the charty's financial statements. Basis of preparation The financial statements have been prepared on the going concem basis under the historical cost convention. modified to include certain items atfair value. The financial ststements have been prepared in accordance with the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republit of Ireland FRS 102" As permitted by the Companies Art 2006. the company has varied the stsndard formats in that art for the Ststement of Financial Artivfcies and the Balance Sheet. Departures from the stsndard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. ststement of ¢ompliance The financial ststements of the company for the financial year ended 31 August 2023 have been prepared on the going concern ba515 and in accordance with the Ststement of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Cash flow ststement The company has availed of the exemption in FRS 102 from the requirementto produce a cash flow statement because it is cLas5ified as a small company. INSPIRING RELATIONSHIPS 20
OR IFE Love For Life IA company Limited by guarantee. not having a share capitall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 August 2023 Fund accounting The following are the categories of funds maintained: Restricted funds Restricted funds represent income received which can only be used for particular purposes, as specified bythe donors. Such purposes are within the overall objectives of the company. Unrestricted funds Unrestrirted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board. in furtherance of the objectives of the company. Designated funds comprise unrestrirted funds that the board has. at its discretion, set aside for particular purposes. These designations have an administrative purpose only. and do not Legally restrict the board'5 discretion to apply the fvnd. Incoming Resources Voluntary income or capital is included in the Statement of Financial Activities when the tompany is legally entitled to IL its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipL Entitlement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activtties are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Resources Expended All resource5 expended are accounted for on an accruals basis. CharitabLe activities include costs of services and grants, support costs and depreciation on related a55ets. Costs of generating funds similarly include fundraising activrties. Non-staff costs not attributed to one category of attivity are allocated or apportioned pro-rata to the staffing of the reLevant service. Finance. HR. IT and administrative stsff costs ale directly attributable to individual activities by objective. Governance costs are those associated with constitutionaL and ststutory requirements. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost or at valuation. le55 accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, Less their estimated residual value. overtheir expected useful lives as follows.. Land and buildings freehold Fi*cures. fittings and equipment Motor vehicles 1% Straight line 20% Straight line 20% Straight line INSPIIING RELATIONSAIPS 21
OR IFE Love For Lrfe IA company limited by guarantee, not having a share capitall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 August 2023 Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other co-funders. but not yet received atfinancial year end. is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on depostt at banks requiring le55 than three months notice of withdrawal. Taxation and deferred taxation No current or deferred taxation arises as the company has been granted charitsbLe exemption. Irrecoverable valued added tax 15 expensed as incurred. INSPIRING RELATIONSHIPS 22
OR IFE Love For Lrfe IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financiaL year ended 31 August 2023 INCOME DONATIONS AND LEGACIES Unrestrirted Re5trirted Funds Funds 2023 2022 VoLuntary Income 90,981 90,981 128.340 CHARITABLE AcnviTIES Unrestricted Restricted Funds Funds 2023 2022 Grants from governments and other co-funders: Income from Charttable Acbvities 331,926 331,926 284.264 OThER TR4DING AcllviTIES Unrestrirted Restrirted Funds Funds 2023 2022 Fundraising Income 34300 34300 INsTmENTs Unre5trirted Restricied Funds Funds 2023 2022 Investment Income 1.887 1,887 82 OTHER INCOME Unre5trirted Restricted Funds Funds 2023 2022 Other income 288 EXPENDITURE RAISING FUNDS Dirert Costs Other Costs Support Costs 2023 2022 Iceberg & Babie5 Discount 42.673 42.673 33,933 CHARITABLE AcfiviTIES Dirert Costs Other Costs Support Costs 2023 2022 Expenditure on Charitable Activities 425,133 425.133 340,933 INSPIRING RELATIONSHIPS 23
OR IFE Love For Life IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financiaL year ended 31 August 2023 ANALYSIS OF SUPPORT COSTS 2023 2022 Depreciation Motor. travel & subsistence Wages and pension costs Project materials & resources Professionalfees Bank fees and interest Promotion & publicity costs Audit fees Other costs 14.925 28,335 298.176 8.319 24,920 1,323 11,237 3.252 34.646 17,708 24,357 240.705 11.465 24.529 1.294 11,060 3.050 6.765 425,133 340,933 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are ststed after chargingllcreditingl: Depreciation of tangrble assets Deficit on disposal of tangible fixed assets Independent Examiner's remuneration.. independent examination services COVID-19 JRS Grant received 14.217 708 15,669 2.039 3,252 3,050 12881 INVESTMENT AND OTHER INCOME 2023 2022 COVID-19 IRS Grant Bank interest 288 82 1,887 1.887 370 EMPLOYEES AND REMUNERATION The staff costs comprTSe: 2023 2022 Wages and saLaries Pension costs 292,301 5,875 236.183 4.522 298.176 240.705 INSPIRING RELATIONSHIPS 24
OR IFE Love For Lrfe IA company Irmited by guarantee, not having a share tapitsll NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 August 2023 TANGIBLE FIXED ASSETS Land and Fixtures. buildings fittings and freehold equipment Motor vehicles Total Cost At I September 2022 Additions Disposals 263.322 109.959 6.486 11,4981 53.548 426.829 6,486 11.4981 At 31 August 2023 263,322 114.947 53.548 431.817 Depreciation At I September 2022 Charge for the financial year On disposals 35,974 2,633 93,446 4.458 17901 17,916 7.126 147,336 14.217 17901 At 31 August 2023 38.607 97.114 25.042 160.763 Net bookvalue At 31 August 2023 224.715 17.833 28,506 271.054 At 31 August 2022 227,348 16,513 35.632 279.493 AIB Group IUKI PLC previously heLd a mortgage dated 14th August 2002 over 6 Banbridge Road. Waringstown, County Armagh by way of security for Loans to the company. This security charge was satisfied by the charity in January 2023. 10. DEBTORS 2023 2022 Other debtors Prepayments and accrued income 14.183 4,341 27.650 4.773 18,524 32.423 11. CREDITORS 2023 2022 Amounts falling due within one year Trade creditors Taxation and social security costs Accruals and deferred income 1,630 6.016 4566 5.677 4.440 5.448 12.212 15,565 INSPIRING RELATIONSHIPS 25
OR IFE Love For Life IA company Limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 August 2023 12. RESERVES 2023 2022 At the beginning of the year (Deficitllsurplus for the financi8L year 456,011 18.7121 417,901 38.110 Atthe end of the year 447,299 456,011 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrirted Funds Total Funds At I September 2021 Movement during the financiaL year 417.903 38.108 417.903 38.108 At 31 August 2022 Movementduring thefinancialyear 456,011 18.7121 456.011 18.7121 At 31 August 2023 447,299 447,299 INSPIRING RELATIONSHIPS 26
OR IFE Love For Lrfe IA tompany Limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 3 1 August 2023 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balan I September 2022 Income Expenditure Transfers between funds Balance 31 August 2023 Unrestricted funds Designated - Free Reserves Designated- PHA IBelfast & Southern Eastern) Designated Cap Ex Fund Designated - Legacy Fund Designated - Other Fund Designated - Capital Fund 70.370 6.151 432.585 26,509 422,436 30.445 16.4891 74,030 2.215 25,000 25.000 50.000 25.000 271,054 50.000 50,000 279.490 125,0001 6,489 14,925 456.011 459.094 1467.8061 447.299 Totsl funds 456,011 459,094 467,806 447.299 Designated - Capital fund This reserve equates to the fixed assets as shown in the balance sheet and shows how much of the charity's reserves are tied up in long term asset investments. These are therefore not readily avaiLabLe for the day to day needs of the charity. Designated fund- PHA (Belfast & Southem Eastern) The PUbC Health Agency provided funding during the course of the current financial year that included the month of September 2023. The equivalent amount of funding for this month has been therefore set aside as a designated reserve and the Trustees expert this to be spent in fuLI in the first month of the new 2023124 financial year end. Designated fiJnd- Free Reserves This category now properLy reflerts the actual amount currently held in reserves atthe yearend in comparison to the current aspiration of the Trustees of having six months running costs, approx. £150,000, set aside in free reserves. Designated - Le9a¢y Fund Charity has been very fortunate to receive substantial legacy donation and has decided to set this aside in a new designated reserve to support community programs over the nextfive years. Designated Fund - Other Fund £25k was reallocated from this ftjnd as the one off non-reevrring costs incurred in the 22123 financial year were not as high as previously anticipated. Designated Fund - Cap Ex Fund A new fund was set up at the end of the financial year and £25k was reallocated from the otherfund to cover captsl expenditure over the nert 5 years. INSPIRING REllATIONSHIPS 27
OR IFE Love For Life IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 August 2023 13.3 ANALYSIS OF ASSEfs BY FUND Fixed assets - charity use Current assets Current liabilities Total Unrestrirted general funds 271.054 188.457 112,2121 447.299 271,054 188.457 112.2121 447.299 14. STATUS The company is rnited by guarantee not hamng a share capitaL The liability of the members is limited. Every member of the company undertakes to contribute to the a55ets of the company in the event of its being wound up while they are members. or within one year thereafter. for the payment of the debts and liabilities ofthe company contracted before they ceased to be members. and the costs. charges and expenses ofwinding up. and for the adjustment of the rights of the contributors among themselves, such amount as may be required. not exceeding £ l. 15. INDEPENDENT EXAMINERS REMUNERATION The independent examiners remuneration amounts to an independent examination fee of £3,252 12022 £3,050). No other monies have been paid to Daly Park & Company Ltd. 16. TRUSTEE REMUNERATION The trustees did not receive nor did they waive any remuneration during the currentffnancialyear.12022- £niLI. INSPIRING RELATIONSHIPS 28