Company Registration Number: N1043026 Charity Number: NIC102325 OR IFE Love For Life IA company limited by guarantee, not havln8 a share ¢apltall Annual Report and Unaudited Financial Statements for the financial year ended 31 August 2024 Daly Park & Company Ltd Chartered Accountants 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 havlng a share capltall CONTENTS Page Tru5tees' and Other Information Trustees, Annual Report 5-17 Statement of Trustees, Responsibilities 18 Independent Examiner's Report 19 Statement of Financial Activities 21 Balance Sheet 23 Notes to the Financial Statements 25-38 INSPIQING RELATIONSHIPS
OR IFE Love For Life IA company limited byguarantee, not havlno a share capitall TRUSTEES, AND OTHER INFORMATION Trustees Helen Minford Carlton Edwin Baxter lan Bingham MeNyn Cordner Heather Kathryn Mary Evans Gary Hallidav Emma Jane Irwin David Munroe Raymond Pollock Charity Number in Northern Ireland NIC102325 Company Registration Number N1043026 INSPIRING RILATIONSHIPS
OR IFE Love For Life IA company Ilmltsd by 8uarantee. not havlng a share capltall TRUSTEES, AND OTHER INFORMATION Reglstered Office 6 Banbridge Road Waringstown Craigavon Co. Armagh BT66 70A Northern Ireland Principal Address 6 Banbridge Road Waringstown CraiBavon Co. Armagh BT66 7QA Northern Ireland Independent Examlner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan County Armagh BT66 6AS Northern Ireland INSPIRING REllATIONSHIPS
OR IFE Love For Life IA company Ilmited by guarantee, not having a share capltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2024 The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report. ond the unaudited flnancial statements for the financial year ended 31 August 2024. The flnanclal statements are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reportin8 Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial ststements in accordance with the Financial Reporting 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 guidelines. The trustees of the company are also charity trustees for the 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 its purpose, governance, activities, achievements and finances for the financial year 31 August 2024. 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 Act 2006 and, although not obliged to comply with the Statement of Recommended Practice ISORPI as issued by the Charity Commissioner5 for England and Wales in Ortober 2005 lupdated in 20081, the organisation has implemented its recommendations where relevant In these financial statements. Structure, Governance and Management Structure The organisation is a company limited by guarantee incorporated in Northern Ireland under reference N1043026. It is governed by its Memorandum and Articles of Association dated 23rd April 2002. It is recogni5ed a5 a charityfor tax purposes by HM Revenue & Customs under reference XR59713 and completed registration wtth the Charrty 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 Directors who are, therefore, acting as Trustees for the Charity. Organisation The Board of Directors administers the charlty. The Board meets at least six times a year. The Chief Executlve Officer, Judith Cairns. has been appointed by the Director5 to manage the day-to-day affairs and operation5 of the charity. INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limited by guarantee, not having a share capltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2024 Governance Dlrertor Appointment & Tralnlng As de5tribed in the Articles of Association, a new director may be eligible for appointment if 21 days before the annual general meeting, written notice is deposited with the registered office of the intended proposal, signed by a member, and slgned by the person to be proposed, so as to indicate their willingness to be eletted. 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 charlty. 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 charlty faces, the establishment of systems and procedures to mitigate those risks identified and the implementation of procedure5 designed to mirbimise 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 guidance on public benefit to ensure thatthe activities have helped achieve the charity purposes and provide a benefit to the beneficiaries. INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company lirnlted by8uarantee, not having a Share capitsll TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2024 Review of Activities, Achievements and Performance ABOUT LOVE FOR LIFE Formed in 2002. Love For Life is a Christian charity with a long-standing reputatlon for dellvering holistic Relationship5 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 resource the next generation to know their worth, flourish in their relationships and value their sexual choices. Our vision for the future is every young person valuing themselves. relationships and sex in a thriving society. Culture and its impact Culture has an influence on all of us but, in particular, it 15 shaping and influencing the cholces our chlldren and young people make, how they value themselves and how they value others. Only 23% of 13 to 17-year-olds alway5 feel secure in who they are Almost one in six 10 to 15-year-olds115.6%1 are unhappy with their appearance The gap between male and females In this area continues to widen with almost one in four122.6%1 females being unhappy with their appearance 67% of children aged 10 to 17 were worried about their online safety 73% of survey respondents (young women aged 12 to 17 years) reported experiencing at least one form of vSolence in their lifetime A third132%1 of 8 to 17$ say they have seen 50mething worrying or nasty online in the past 12 months Within the same time period. only 20% of parents of 8 to 17s report their child telling them they had seen somethlng online that scared or upset them Family remains the area of life that children and young people are, on average, most happy with in 2024 What young people in our programmes sald In the last academlc year. In agreement and partnership with the school or communlty organlsation, young people fill out an evaluation form at the end of our presentations if therfre comfortable and happy to do 50. These results are from the 2023124 academic year. 38% have gFven into peer pressure and done something they didn't want to do. 22% are accessing pornography at least weekly 34% were a victim of bullying, or unkind behavlour 84% of 11 to 185 check their social media profiles at least every couple of hours 44% of 11 to 16s don't feel confident and able to deal with the physical and emotional changes they are going through 48% don't feel they can resist peer pressure to do something they don't want to 38% are not confident discussing ljoundaries and values in relatlonships 41% of 11 to 185 from faith communities don't feel they can tolk openly with a trusted adult about thelr relationships INSPIRING RELATIONSHIPS
OR IFE Love For Life IA cornpany limited byguarantee, not having a share capltall TRUSTEES, ANNUAL REPORT for the flnancial year ended 31 August 2024 We ask: how is culture's influence helplng children and young people to value strong healthy relationships? OUR VISION AND STRATEGY We believe in a different story for chlldren. young people. familles and society. We believe every young person should feel confident, equipped and inspired to make healthy choices and to bulld strong relationships. Through our school & communlty pfogrammes, wè 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 identtfy and respond to influences and pressures around relationships and sex. We encourage them to explore the skills and value5 needed to build strong, healthy relationships. But as you've read, they're up against it. It has never been more important to be encouraging and equipping young people to understand and value stron& healthy relationships. THE YEAR IN NUMBERS IN 2023/24 WE REACHED The 23/24 academic year &A•- in numbers. 52,276 YOUNG PEOPLE, ADULTS PARENTS & CARERS t INCr&AoF1o1j FROM22123 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company Ilmlted by guarantee. not having a share capitsll TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2024 IN 2023124 WE DELIVERED The 23/24 academic year in numbers. )Chuithos 1,060 PROGRAMMES t INCREPSE OF211 FROM 2Y23 MORTIIEAM Programme delivery by region. WESTERN Th• br•akdown otour thl pnJgrgmm• delSNYryacroM r•glorr4. 498 We partnered with 573 schools. community groups, churches and academic institutes in the 2023/24 academic year. $4% INSPIQING RELATIONSHIPS
OR IFE Love For Life IA company Ilmlted byguarantee, not having a share capltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2024 io INSPIQING RELATIONSHIPS
OR IFE Love For Life IA company Ilmlted by guarantee. not having a share capitsll TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2024 ACHIEVING OUR VISION Everything we do contributes to achieving three outcomes. These are the changes that point towards our vislon for the future becoming a reality: STRONG HEALTHY RELATIONSHIPS Relationships & Sexuality Educatlon 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 chlldren 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 positively shape their young people's attitudes. values, beliefs, habits and practices around healthy relationships. THRIVING SOCIETY 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 commitment for all young people to know their worth, flourish in their relationships and value their sexual choices. OUR IMPACT IN SCHOOLS Love For Life supports schools in their delivery of Relationships and Sexuality Education IRSEI- Our presentations are consistent in every school and are delivered to whole year-groups. In the 2023124 academic year, of the post-primary schoo15 we delivered in, 81% had two or more programme5. FOLLOWING THE LOVE FOR LIFE PROGRAMME... 81% found the programme helpful 75% said they will find it easier to make healthy choices in the future, even if friend5 are making different choices 84% have an increased understanding of various methods of contraception 78% felt more equipped to discuss their boundaries and values in relationships 87% have an in£ased understanding about consent and how it impacts any future relatlonships 78% said they have had the opportunlty to.reflect on and evaluate how their attitudes, values and beliefs will shape the choices they make 84% have a clearer picture of the type of friend they want to be. lup from 81% in 20221231 82% have a stronger understsnding of the difference between a healthy and an unhealthy relatlonship IOOYO of Primary Teachers would recommend the programme to other teachers li INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limited by guarantee. not havlng a share capitsll TRUSTEES, ANNUAL REPORT for the financial year ended 31 Augtjst 2024 100% of Post-Prlmary Teachers rated the appropriate of the presentation as very good114%1 or excellent186%1 OUR IMPACT IN THE COMMUNITY Our community-based programmes are delivered in smaller groups, giving us the joy of getting to know the young people individually. Most programmes are three sessions, delivered over three weeks. The programme content 15 consistent regardless of settingi but the context allows more space to discuss specific topics, questions or concerns with young people. BEFORE AER l understand my uniqueness and worth 73% 88% l understand the difference between a healthy and unhealthy relationship 72Y. 94% I feel confident and able to deal with the physical and emotional changes l am going through 56% 81% If I feel under pressure to do something I don't want to do, I feel I can resist 52% 79% I can talk openly about my relationships with a trusted adult 61% 81% l am confident I know how the law might impact any future relationships 52% 85% I know how to handle conflict in relationships 39% loo% l understand my uniqueness and worth 72% 91% I feel confident discussing my boundarie5 and values in relationships 62% 91% 86% felt they had space to think and tslk 92% found the programme helpful 82% had an increased understanding of the various methods of contraception 12 INSPIRING RELATIONSHIPS
Love For Life IFE IA company Ibmited by guarantee. not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2024 OUR IMPACT IN CHURCH Churches have a life-giving story to tell and are uniquely placed to support their young people as they develop relationship5 with others. Our desire Is for churches to create space for honest conversations about authentic relationships. It is our dellght to offer free programmes for young people and adults to all churches across Northern Ireland. Youn£ People BEFORE AFfER l understand how unique and valuable l am 71% 87% I know how to do deal with the influences and pressures around relationships 60% 79% My values and beliefs have an impact on my relationships 73% 82% I can tsLk openLy about my relationships with a trusted adult 59% 70% Parents & Carers 92Y. felt better equipped to SUPPOrt young people in thelr identlty and relationship questions 98% felt more confident in the positive influence they can have to help young people build strong healthy relationships 100% felt inspired to help children and young people understand how unique and valuable they are OUR IMPACT WITH PARENTS/CARERS Parents & carers have the most Si8nificant influence in shaping children and young people's attitudes, values, and belief5, as well as habits and proctices around healthy relationships. We offer programmes to help parents & carers develop their knowledge, skills and tonfidence in this area. Following the Love For Life programme... 99% said they are more informed about the influences and pressures young people face 99% felt inspired to help children and young people understand how unique and valuable they are 97% felt better equipped to begin or continue conversations about the Subjects covered 97% felt more confident in the positive influence they can have to help young people build strong healthy relationships 99% would recommend the programmes to others 13 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA cornpany limited by guarantee, not having z share capltsll TRUSTEES, ANNUAL REPORT for the financial year ended 31 August 2024 WORDS OF ENCOURAGEMENT Every year we receive thousands of comments, feedback and stories of encouragement from our evaluation forms. This is just a snapshot of them from the 2023124 year: ¢4YJK40P•D c•ll•ntlnbuiM tapport Wdldq4rnrt It¥AISV•ry hdplul. op•n•d OpportutytOrn1l•CL. ondllknt r•btionships ondbaundurles, THE ONE THING... We ask all our post-primary pupils and community participant5 "what is the one thing you want to remember from this programme?Jl These are just some of the 2.567 answers we received last year. The word5 that appeared most frequently in participant responses: vMIovit• .. HAWETODO .. WANfTQ Everyone deserves The One THAT IAM HOW VALUED IAM MORE THAN MY APPEARAIICE COMIrfUNICAllf IS¥EYpNA B£spEcleO 14 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA comnY lirnited byguarantee. not havln8 a share capitall TRUSTEES, ANNUAL REPORT for the financial year en(Jed 31 August 2024 STIS Consent- Respect Valu• The One Thing Contraception Sex Th• wordi th¢rt upp•ar•d most frequently In portlelpont rèsponses 15 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company Ilmlted byguarantee, not having a share capltsll TRUSTEES, ANNUAL REPORT for the financial year ended 31 ALtgust 2024 Financial Review The results for the financial year are set out in the Statement of Financial Activities, Balance Sheet and additional notes are provided showing income and expenditure in greater detall Financial Results At the end of the financial year the company has assets of £407,32712023 - £459,511) and liabilitles of E14,24512023 - £12,212). The net assets of the company have decreased by £154,217). Trustees The trustees who served throughout the financial year, except as noted, were as follows= Helen Minford Carlton Edwin Baxter lan Bingham Mervyn Cordner Heather Kathryn Mary Evans Gary Halliday Emma Jane Irwln David Munroe Raymond Pollock In accordance with the Articles of Association, the directors retlre by rotation and, belng eligible, offerthemselves for re-election. Compliance with Sector-wide Legislatlon and Standards The company engages pro4ctively with legislation, Standards and code5 which are developed for the Sector. Love for Llfe subscribe5 to and 15 compllant wlth the following.. The Companies Act 2006 The Charities SORP IFRS 1021 16 INSPIRING RELATIONSHIPS
Love For Life .IFE IA company Ilmlted by warantee. Mothan¥ a Share capltajl TRUSTEES, ANNUAL REPORT forthe financial year ended 31 August 2024 Approved by thè Board of Trnsteès on and signed on its behalf by.. Hèron Mlnford Menryn Cordner Director Dlrertor 17 INSPIRING RELAI IONSHIPS
OR ,IFE Love For Life IA company Ilmlred by8uarantee. not h•vln8 a share capltsll STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 Au8U5t 2024 The trustees, who are also dlre¢tor5 of Love for Ilfe for the purposes of company law, are responslble for preparing the financial 5taternents In accordance with applScable law and regulations. Cornpany law requlres the trustees as the directors to piepare linancial 5taternents for each financlal year. Under that law the tru51ees have elected ro prepare the financial siètements In accordance wlth United Klngdom Generally Accepted Accounting Practlce (United Klngdom Accountlng Standards 3nd appllcable lawl Includlng FRS102 "The Flnancial Reportlng Stsndard applicable In the UK and Republic of lielafjd" Under company law the tnjstees must not approve the financlal statements unless they are slt55fied that they glve a true and fair vlew of the State of affalrs of the company and of the net Income or expenditure of the company for that period. In preparlng these flnanclal stslement5, the trurtees are required to.. select 5uitsble accountlng pollcies and apply them consistently,. rnake judgements and estlmates that are reasonable and prudent", State whether the financial statement5 have been prepared In accordance with the relevant tinanclal reporung Iramewor Identify those standard5. and note the effect and the reasons lor any materfal departure from th05e 5tandard5,' and prepare the financlal ststements on the gtslng concern basls unless it is Inapproprlate to presume that the company wlll contlnue rn operatlon. The irustees conflrm that they have Complled wlth the above requlrernents Sn preparlng the financlal statements. The trustees are responslble for keeplng adequate accountlng records that are sufflclent to show and explaln the Company's rransactions and dlsclose wlth reasonable accuracy at any tlme the flnanclal posltion of the cornpany and enable them to ensure that the financlal staternents comply with. They are 3150 re5p(Jn51ble for safeguardlng the assets of the rumpany and hente for takln8 reasonable steps for the preventlon and detettion of fraud and other Irregularltles, Approved by the Board olTrustets on and sllned on Its behall bv: Helen Mlnlord Mervyn Cordner Dlrector Dlrector 18 INSPIRING RELATIONSHIPS
OR IFE Love for Life IA cornpany limited byguarantee, not havln8 a share capltall INDEPENDENT EXAMINER'S REPORTTO THE BOARD OF TRUSTEES OF LOVE FOR LIFE We have examlned the financial statements of the company for the financlal year ended 31 August 2024, which comprise the Statement of Financial Activities lincorporating an Income and Expenditure Account), the Balance Sheet and the related notes. Respective responsibilities of trustees and examlner The company's trustees (who are also the directors of the company for the purpose5 of company lawl are responsible for the preparation of the financial ststements in accordance with the requirements of the Companies Act 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 Art 2006 and that an independent examination is required. It 15 our responsibility to: examine the financial statements under section 65 of the Charities Act,. follow the procedures laid down by the general Direttions given by the Charity Commi55ion for Northern Ireland undersection 6519llbl of the Charities Act- and state whether partiCLtlar matter5 have come to our attention. Basis of independent examlner's report We have examined your company financial Statements as required under section 65 of the Charltles Act and our examination was carried out in accordance with the general Directions given bythe Charity Commission for Northern Ireland undersection 6519llbl of the Charities Act. An examination includes a review 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 a5 to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. 19 INSPIRING RELATIONSHIPS
OR IFE Love for Life IA company limited byguarantee. not havlng a share capital) In connection with our examlnatlon, no matter has come tr) our attention which gives us cause to believe that in, any material respect: accounting records were not kept in accordance WFth section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the accounting requirements of settion 396 of the Companies Att 2006 and with the methods and princlples of the Ststement 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 Informatlon needed for a proper understanding of the accounts to be reached. Independent examlner's statement We have no concerns and have come across no other matters in connection wlth the examlnatlon to which attention should be drawn in this report In order to enable a proper understanding of the financial Statements to be reached. DALY PARK & COMPANY LTD Chartered Accountant5 and Independent Examiners 4 Carnegie Street Lurgan County Armagh 8T66 6AS Northern Ireland Date: 4th February 2025 20 INSPIRING RELATIONSHIPS
OR IFE Love for Life IA company lirnited byguarantee. not havlng a share capitsll STATEMENT OF FINANCIAL AcfiviTIES Ilntorporating an Income and Empendlture Account) for the flnanclal year ended 31 August 2024 Unrestrlrted Restritted Total Unrestricted Totsl Funds Funds Funds Funds Funds 2024 2024 2024 2023 2023 Notes Incoming Resources Voluntary Income 108.515 108,515 90.981 90,981 Charitable activitie5 Income from Charitable Activities 328.576 25,202 353,778 331,926 331,926 Artivities for generating funds 2.892 2,892 34,300 34,300 Investments 4,864 4,864 1.887 1,887 Total incoming resources 444,847 25,202 470.049 459,094 459,094 Resources Expended Ralsing funds 55.965 55,965 42,673 42,673 Charitable activities 443,099 25.202 468.301 425,133 425,133 Total Resource5 Expended 499,064 25,202 524,266 467,806 467.806 Net incomingloutgoing re50urces before transfers 154.2171 154,2171 18,7121 18,7121 Gr055 transfer5 between funds Net movement in funds for the flnancial year 154,2171 154,2171 18,7121 18,7121 The notes on pages 25 to 38 form part of the financlal statements 21 INSPIRING RELATIONSHIPS
OR IFE Love for Life IA company limited by8uarantee. not having a share capital) STATEMENT OF FINANCIAL AcfiviTIES Ilncorporating an Income and Empendlture Account) Reconciliation of funds: Total funds beglnnlng of the year 13 447,299 447,299 456,011 456,011 Total funds at the end of the year 393,082 393.082 447,299 447,299 The Statement of Financial Activities includes all gains and losse5 recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pa8e5 25 to 38 form pait of the financial Statements 22 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limited byguarantee, not havlnff a share capital) Company Number- N1043026 BALANCE SHEET a5 at 31 August 2024 2024 2023 Notes Flxed Assets Tangible assets 264.191 271,054 Current Assets Debtors io 38,252 18,524 Cash at bank and in hand 104,884 169,933 143,136 188,457 Creditors.. Amounts *alling due wlthin one year li {14,2451 112,2121 Net Current Assets 128,891 176,245 Total Assets less Current Llabilities 393.082 447,299 Fund5 Designated funds Iunrestrictedl 128.891 176,245 General fund lunrestrictedl 264,191 271,054 Totsl funds 13 393,082 447,299 The notes on pages 25 to 38 form part of the fjnancial 5tatementS 23 INSPIRING RELATIONSHIPS
Love For Life OR IFE IA company Ilrnlted hy[11ee. not havlryKa sharEcapltsl} Qmpany Number.. N1043026 BALANCE SHEET as at31 AvKu5t 2024 These Ilnancial statements have been prepared In accordance with the special provlslon5 relating to small companies withln Part 15 01 the Companles Att 2006. For the flnanclal year ended 31 August 2024 the company was entltled to exemption frorn audrt under sectlon 477 of the Companles Act 2006.- and no notice has been deposited under 5ectlon 476. The trustees conflrm that the members have not requlred the tompany to ubtaln an audit of it5 linanckl statements for the flnancl41 year In questlon In accoidanco with 5ectlon 476 of the Companles Att 2006. The trustÉes acknDwledge their rexponsibiistles lor ensurlng that the company keeps accounting records which comply wlth secthn 386 and for preporlng financlal statements whlch give a true and fair view of the state olaffalr5 of the CDmpany as at the end of the flnanclal year and of Its proflt and loss for the flnanclal yèar In accordance wlth the requlrements of settions 394 and 395 and which otherni5e comply with the reqLtlrements of the Companles Act 2006 relatln8 to financlal sratoments, so far ¥5 appllcable to the company. Approved by the Board of Trustee5 and authorlsed for Issue on and slgned on Its behaKby Helen Mlnford Merwyn Cordner Dlrector Irector INSPIRING RELATIONSHIPS Tho noies on pa8es 25 to 38 form part of the nn3ncI?l srat2ments 24
OR IFE Love For Life IA company limited by guarantee. not havln8 a share capital) NOTES TO THE FINANCIAL STATEMENTS for the Pinancial year ended 31 August 2024 GENERAL INFORMATION Love for Life is a company limited by guarantee incorporated in Northern Ireland. The registered office of the companv 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 functional currenryofthe companv. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with item5 which are considered material in relation to the charity's financial Statements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement 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" As permitted by the Companies Act 2006, the company has varied the stsndard format5 in that art for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charitles SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The financial Statements of the company for the fSnancial year ended 31 August 2023 have been prepared on the going concern basi5 and in accordance with the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland FRS 102" Cash fl¢)w statement The company has availed of the exemption in FRS 102 from the requirement to produce a cash flow Statement because it is classified as a small company. 25 INSPIRING RELATIONSHIPS
OR IFE Love For Life {A company Ilmlted by guarantee. not havln¥ a share capitsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 continued 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 by the donors. Such purposes are within the overall objectives of the company. Unrestricted fund5 Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board, in fLFrtherance of the objectives of the company. Designated funds comprise unrestricted funds that the board has, at its dlscretion, set aslde for particular purposes. These designations have an administrative purpose only. and do not legally restrict the board's discretion to apply the ftjnd. Incoming Resources Voluntary income or capital is included in the Statement of Financial Activities when the company 15 legally entitled to it, its financial value can be quantified with reasonable certainty and there 15 reasonable certainty of its ultimate receipt. 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 activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Resource5 Expended All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support costs and depreciation on related asset5. Costs of generating fund5 similarly include fundraising activities. Non- staff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant Service. Finance. HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated wlth constitutional and statutory requirements. 26 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limited by guarantee. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 continued Tangible fiKed assets and depreclation Tangible flxed assets are stated at Cost or at valuation, less accumulated depreciation. The charge to depreciation Is calculated to write off the original t05t or valuation of tangible fixed assets, less their estimated residual value, overtheir expected useful live5 as follows.. Land and buildings freehold 1% Straight line Fixtures, fittings and equipment 20% Straight line Motor vehicles 20% Straight line Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepald net of any trade discounts due. Income recognised by the company from government agencies and other co- funders, but not yet received at financial year end, Is included in debtor5. Cash at bank and in hand Cash at bank and in hand comprises cash on deposlt at banks requiring less than three months notice of withdrawal. Taxètion and deferred taxation No current or deferred taxatign arise5 a5 the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. 27 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 continued INCOME DONATIONS AND LEGACIES Unrestrlcted Restricted 2024 2023 Funds Funds Voluntary Income 108.515 108.515 90,981 CHARITABLE AcllviTIES Unrestricted Restricted 2024 2023 Funds Fund5 Grants from governments and other co-funders: Income from Charitable Activities 328,576 25,202 353,778 331.926 OTHER TRADING AcfiviTIES Unrestricted Restricted 2024 2023 Funds Fund5 Fundraising Income 2,892 2,892 34,300 INVESTMENTS Unrestricted Restricted 2024 2023 Funds Funds Investment Income 4,864 4.864 1,887 28 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA cornpany limlted by guarantee. not havlng a share capitsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 continued EXPENDITURE RAISING FUNDS Direct Other Support 2024 2023 Costs Costs Costs Iceberg & Babies Discount 55.965 55,965 42,673 CHARITABLE ACTIVITIES Direct Other Support 2024 2023 Costs Costs Costs Expenditure on Charitable Activities 468,301 468,301 425,133 29 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limlted by guarantee. not havln8 a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 continued SUPPORT COSTS Charitable 2024 2023 Activities Depreciation 13.650 13,650 14.925 Motor, travel & subslstence 38,565 38.565 28,335 Wages and pension costs 359,850 359,850 298,176 Project materials & sOUrceS 11,968 11,968 8,319 Professional fees 13,252 13,252 24,920 Bank fees and interest 1,285 1,285 1,323 Promotion & publicity costs 15,977 15,977 11,237 Audit fees 3,660 3.660 3,252 Other costs 10,094 10,094 34,fv16 468.301 468.301 425,133 30 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limTrted by guarantee, not havln8 a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 continued ANALYSIS OF SUPPORT COSTS 2024 2023 Depreciation 13.650 14,925 Motor, travel & subsistence 38,565 28.335 Wages and pension costs 359,850 298,176 Projett materials & resources 11.968 8,319 Professional fees 13,252 24.920 Bank fees and interest 1,285 1,323 Promotion & publicity costs 15.977 11,237 Audit fees 3.660 3,252 Other costs 10,094 34,646 468.301 425.133 NET INCOMING RESOURCES 2024 2023 Net Incomlng Resources are stated after chargingllcreditingl: Depreciation of tangible assets 13,160 14,217 Deficit on disposal of tangible fixed assets 490 708 Independent Examiner's remuneration: independent examination servlces 3,660 3,252 31 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limlted byguarantee, not having a share capitsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 continued INVESTMENT AND OTHER INCOME 2024 2023 Bank interest 4,864 1,887 EMPLOYEES AND REMUNERATION The staff costs comprise: 2024 2023 Wages and salaries 352,902 292,301 Pension costs 6.948 5,875 359,850 298,176 32 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA cornpany limited by guarantee. not havln8 a Share capltsll NOTES TO THE FINANCIAL STATEMENTS for the flnanclal year ended 31 August 2024 continued TANGIBLE FIXED ASSETS Land and Fixtures. Motor Total buildings fittings and vehicle5 freehold equipment Cost At I September 2023 263,322 114,947 53,548 431,817 Additions 6,787 6,787 Disposals 12,2101 12,2101 At 31 August 2024 263,322 119,524 53,548 436,394 Depreciation At I September 2023 38,607 97,114 25,042 160,763 Charge for the financial year 2,633 4,826 5,701 13,160 On disposals 11,7201 11,7201 At 31 August 2024 41,240 100,220 30,743 172,203 Net book value At 31 August 2024 222,082 19.304 22.805 264,191 At 31 August 2023 224,715 17.833 28,506 271.054 AIB Group IUKI PLC previously held a mortgage dated 14th August 2002 over 6 Banbridge Road, Waring5town, County Armagh by way of security for loans to the company. This securlty charge was satisfied by the charity in January 2023. 33 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limited by guarantee, not having a Share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 contlnued 10. DEBTORS 2024 2023 Other debtors 26,648 14,183 Prepayment5 and accrued income 11,604 4,341 38.252 18,524 11. CREDITORS 2024 2023 Amounts falllng due within one year Trade creditors 4.167 1,630 Taxation and social security costs 5.684 6,016 Accruals and deferred income 4,394 4,566 14.245 12,212 12. RESERVES 2024 2023 At the beglnnlng of the year 447,299 456,011 Deficit for the financial year 154.2171 18,7121 At the end of the year 393,082 447,299 34 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company lirnitsd byguarantee. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 contlnued 13. FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestritted Total Funds Funds At I September2022 456,011 456,011 Movement during the financlal year 18,7121 18,7121 At 31 August 2023 447,299 447,299 Movement during the financial year 154,2171 154,2171 At31 August 2024 393,082 393,082 35 INSPIRING RELATIONSHIPS
OR IFE Love For Life {A cornpany limited by guarantee, not havlng a shore capltall NOTES TO THE FINANCIAL STATEMENTS for the Pinancial year ended 31 August 2024 continued 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance Income Expenditure Transfers Balance I September between 31 August 2023 funds 2024 The Natlonal Lottery Community Fund- Dormant Account Fund Nl 25,202 25,202 Unrestricted funds Designated - Free Reserves 74,030 417,480 471,853 38,649 58,306 Designated- Phase 2,215 27,367 27,211 2,371 Designated- Cap Ex Fund 25,000 16,7861 18,214 Designated - Legacy Fund 50,000 50,000 Designated- Other Fund 25,000 125,0001 Deslgnated- Capital Fund 271,054 16,8631 264,191 447,299 444,847 1499,0641 393,082 Total funds 447.299 470.049 524.266 393,082 Designated- Capital fund This reserye equates to the fixed assets as shown in the balance sheet and shows how much of the chariWs reseNes 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 & Southern Eastern) The Public Health Agency provided funding during the course of the current financial year that included the month of September 2024. The equivalent amount of funding for thi5 month ha5 been therefore set aside a5 a designated reserve and tlye Trustees expect this to be spent in full in the first month of the new 2024125 flnancial year end. Deslgnated fund- Free Reserves This category now properly reflects the actual amount currently held in reserves at the year end in comparlson to the current aspiration of the Trustees of having six months runnlng costs, approx. £150,000, set aslde in free reserves. 36 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limltÈd byguarantee, not havlng a Share capltall NOTES TO THE FINANCIAL STATEMENTS for the flnancial year ended 31 August 2024 contlnued Designated- Legacy. Other Fund & Cap EK Fund Legacy Fund The charity has been very fortunate to receive a substantial legacy donation in previous year5, and has decided to set this aside in a designated reseNe to support future community programmes. Designated Fund- Other £25k was reallocated from this fund as the one off non-recurring costs Incurred In the 23124 flnancial year were not as high as previously antlcipated. Designated Fund- Cap Ex This fund was set up in previous years to cover anticipated capital expenditure. It has been reduced in the current year in line with the capital expenditure incurred during the year. 13.3 ANALYSIS OF NET ASSETS BY FUND Flxed Current Current Total assets assets charity use Unrestricted general funds 264,191 143,136 114,245) 393,082 264,191 143.136 114,2451 393.082 37 INSPIRING RELATIONSHIPS
OR IFE Love For Life IA company limlted by guarantee, not having a share czpltsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 AguSt 2024 continued 14. STATUS The company is limited by guarantee not having a share capital. The liability of the member5 is limited. Every member of the company undertakes to contribute to the assets 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 of the company contracted before they ceased to be members, and the costs. charges and expenses of winding up, and forthe 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 examinatlon fee of £3,66012023 £3,252). 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 current financial year.12023- £nill. INSPIRING REllATIONSHIPS