COMPANY REGISTRATION NUMBER: N1634486 CHARITY REGISTRATION NUMBER: 106299 Life Change Changes Lives Company Limited by Guarantee Unaudited Financial Statements 31 October 2024 NIALL FARRELL FCA Chartered accountants Farrell Accountants Limited 16 Upper Square Castlewellan Co Down BT319DD
Life Change Changes Lives Company Limited by Guarantee Financial Ststements Year ended 31 October 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Life Change Changes Lives Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 October 2024 The trustees. who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 October 2024. Reference and administrative details Registered charity name Life Change Changes Lives Charity registration number 106299 Company registration number N1634486 Principal office and registered 41 Market Street office Downpatrick Co Down BT30 6LP The trustees Mrs Beck Mrs Looby Mr Casement Mr Devon Mrs McGivem Mrs Leach Mr Beckett Ms Hood Mr McGrath Ms Trimble Mr Martin Dr Teague (Resigned 7 May 20241 (Appointed 7 December 2023) Independent examiner Niall Farrell FCA Farrell Accountant5 Limited 16 Upper Square Castlewe113n Co Down BT31 gDD Structure, governance and management Life Change Changes Lives (LCCL) is a Company Limited by Guarantee. governed by a Memorandum and Articles of Association. The company is exempt from using the word "Limited" under Section 60 of the Companies Act 2006. Each member's liability 15 limited to a contribution of no more than £1 in the event of winding up. Ultimate legal and financial responsibility lies wth the Board of Directors. who delegate the management of the organisation to staff and volunteers. Staff and volunteer coordination meetings are held regularly. with directors updated on all operational decisions. An Induction programme is provided for new directors.
Life Change Changes Lives Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 October 2024 Objectives and activities LCCL is registered with the Charity Commission for Northern Ireland INIC106299} and operates its project "Pop Up Art as a social enterprise. Our mission is to provide non-residential aftercare for those affected by ment31 ill health, addiction. social isolatson and suicide. Services include professional counselling, creative therapy, peer mentoring, f¢)od support: advice, crisis intervention. and volunteer development. We are committed to advancing: Health and saving lives Citizenship and community development Environmental protection The relief of those in need due to ill-health, youth, age, or financial hardship
Life Change Changes Lives Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Icontiftuedj Year ended 31 October 2024 Achievements and perfomiance Despite the catastrophic Downpatrick flooding in November 2023, LCCL resumed full service by 28 November through rapid community mobilisation, with volunteers and staff tirelessly cleaning, repainting, and restocking our facilities. We cancelled our planned open day for our £60:000 refurbishment but reopened with an adapted Christmas Fayre. Throughout the year, we delivered". 4,221 total attendances (footfall) 547 individual participants 1.227 total sessions 554 one-to-one counselling appointments 5 community service placements 232 active volunteers - 4 average staff members Regular attendance at stakeholder forums, funding fairs. and community events We provided support for those seeking asylum, experiencing food poverty. housing instability. and benefit challenges (particularly PIP). Regular advice and advocacy sessions were offered alongside our creative therapy and counselling provisions. Our creative therapy workshop. café, and shop remained central to engagement. The café, despite operating at a financial loss, continued to serve as Ihe gateway to support services, aided by a £1:000 monthly private donation. Our Full Dispersal Funding enabled 16 dedicated sessions with asylum seekers and refugee families, providing creative therapy, halal lunches. and culturally inclusive support. 9 individuals directly benefited, with one family receiving counselling and another celebratsng their achievement of refugee status. Service Provision Highlights.. Provided 554 individual BACP counselling sessions Delivered 1,227 structured sessions Including creative therapy. group support, and workshops- Supported 547 participants 232 volunteers contributed thousands of hours Issued dozens of food hampers and clothing parcels Engaged in crisis support with people experiencing homelessness, addiction relapse: or bereavement- Delivered 16 creative therapy sessions through Full Dispersal Funding supporting 9 asylum seekers- Delivered 6 funded therapeutic & educational sessions via NMDDC (Invoice 189)- Secured £1,000 in donatson from the Denis Lynn Foundatson as Charity of the Year (Invoice 1901 Fundraising and Programmes". We received support from". NIHE.. Homelessness Prevention and Sustaining Tenancies LFT Foundation.. Core and rent support Nationwide Community Grants NIHE Social Housing Enterprise Grant (£10,000 awarded August 2024 for café salary c05tsl Fundraising activities included.
Life Change Changes Lives Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 October 2024 Cornerstone Festival Rock nights and local music events Annual Table Quiz and Sponsored Walk (postponed this year due to GoFundMe focus)- BBC Comes to Town event and Nexus partnerships Financial review The financial statements are presented in the standard format required by the Statement of Recommended Practice 'AcGounting and Reporting by Charities, issued in March 2005 and cover the activitses of LCCL. The ststement of Financial Actsvities (SOFA) shows the gross income from all sources. Overview The charity showed a surplus of income over expenditure of £6,623 in the period for the year ended 31 October 2024. This performance was expected by the Board of Director5. Incoming resources Total incoming grant resources for the year were £58,342 and Public Donations total £32,110, incoming resources from charitable activitses total £16:356. The charity is extremely grateful for the continued generosity of the local community and public pa'cUlarlY in these challenging times. Direct charitable expenditure Direct charitable expenditure has decreased during the year by £37.405 to £165.589. Primarily due to decreased costs of major repair work carried out to the premises in 2023. Govemance costs The administration costs of running the charity were £4,898 in 2023124. Balance Sheet Net funds at £99,948 as at 31 October 2024. Reserves Policy The reserves policy was agreed followng an analysis of the following four factors=. Forecasts for levels of income in future years taking into account the reliability of each source of income and the prospect of opening up new source5 - Forecasts for expenditure in the future years on the basis of planned activity - Analysis of any future needs, opportunits'es, contingencies or risks: the effects of which are not likely to be met out of income if and when they arise, and - Assessment of the likelihood of each of those needs and risks materialising and the potential consequences of the charity not being able to meet them. The charity's policy is to maintain a level of reserves which meets the needs of the charity both at the current time and for the foreseeable future. Free reseeS are its total funds excluding restricted funds, designated funds, or income funds which can only be released by disposing of fixed assets held for charity use.
Life Change Changes Lives Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (ntInued) Year ended 31 October 2024 Plans for future perlods LCCL remains committed to: Delivering accessible counselling and creative therapy Hosting inclusive wellbeing and advice services Responding to crises including homelessness and food poverty Strengthening cross-border mental health partnerships Small company provlsions This report has been prepared in accordance w5th the provisions applicable lo companies entitled to the small companies exemption. The trustees, annual report was approved on ...... trustees by: . and signed on behalf of the board of Mr Casement Trustee Trustee
Life Change Changes Lives Company Limited by Guarantee Independent Examiner's Report to the Trustees of Life Change Changes Lives Year ended 31 October 2024 I report to the trustees on my examination of the financial statements of Life Change Changes Lives {'the charity,) for the year ended 31 October 2024. Responsibilities and basis of report As the trustees of the company (and also its director5 for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Chanties Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 I'the 2006 Act.). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 6519)(b) of the 2008 Act. Independent examinevs statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by sects'on 386 of the 2006 Act, or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'tfue and fair, view which 15 not a matter considered as part of an independent examination., or the financial ststements have not been prep3red in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Niall Farrell FCA Independent Examiner Farrell Accountants Limited 16 Upper Square Castlewellan Co Down BT319DD
Life Change Changes Lives Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 October 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Charitable activits'es 32,566 65,404 74.242 106,808 65,404 108.262 68,307 Total income 97,970 74,242 172.212 176,569 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Costs of other trading activities Expenditure on charitable activities Total expenditure 41,583 5.967 15,130 64.307 38,602 105,890 44,569 15,130 119,113 63.104 20,777 202.994 9.10 62.680 102,909 165.589 Net incomel(expenditure) and net movement in funds 35,290 (28,667) 6,623 {26,425) Reconciliation of funds Total funds brought forward Total funds carried forward 64.658 28.667 93,325 119,750 99,948 99,948 93,325 The statement of financial activities includes all gains and10sses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 15 fomi part of these financial statements.
Life Change Changes Lives Company Limited by Guarantee Statement of Financial Position 31 October 2024 2024 2023 Current assets Cash al bank and in hand 99,948 93,325 Nel current assets 99,948 93,325 93,325 Tolal assets less current Ilabilitles 99,948 Funds of the charity Restricted funds Unrestricted funds 28.667 64,658 99,948 Total charlty funds 15 99,948 93,325 For the year ending 31 October 2024 the charity was entilled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in quesiion in accordance wsth section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounling records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Th inancial statements were approved by the board of trustees and authorised for issue on tS- . and are signed on behalf of the board by: se Mr Casement Trustee Mr Beckett Trustee The notes on pages 9 to 15 forn) part of these tinancial ststements.
Life Change Changes Lives Company Limited by Guarantee Notes to the Financial Statements Year ended 31 October 2024 General inforniation The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 41 Market Street, Downpatrick, Co Down: BT30 6LP. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. 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 (FRS 1021 (Charities SORP IFRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity- Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity s accounting policie5 and that have the most significant effect on the amounts recognised in the financial statements are as follows.. No judgements having a significant effect on the amounts recognised in the financial statements were made during the year. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows.. No assumptions and estimates having a significant risk of material adjustment on the amounts recognised in the financial statements were made during the year.
Life Change Changes Lives Company Limited by Guarantee Notes to the Financial Statements (¢onilnue Year ended 31 October 2024 Accounting policies (conlinued) Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the tnjstees for parts'cular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of two sub-classes.. restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it Is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measuied. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of ents'tlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entrtlement is established. income from donated goods is measured at the fair value of the goods unless this 15 impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilitses and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a pa'Cular purpose and returned if unspent, in which case it may be regarded as restricted. 10
Life Change Changes Lives Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 October 2024 Accounting policies {eontiTnuedJ Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates= expenditure on raising funds includes the costs ol all fundraising activities, events, non- charitable trading acts'vities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking acts'vities that further its chantable aiTns for the benefit of its beneficiaries. including those support costs and costs relating to the govemance of the charity apportioned to charrtable actsvities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of tts expenditure on charitable actsvitie5. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Financial instruments A financial asset or a financial liability is recogni5ed only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transacts'on costs, unless the arrangement constitutes a financing transacts'on, where It is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrumenL Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Other financial instruments are subsequentiy measured at fair value. with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship Isee hedge accounting policy). Defined contribution plans Contributions to defined contribution p13ns are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduotj'on in future payments or a cash refund. When contributions are not expected to be settled wholly wrthin 12 months of the end of the reporting date in which the employees render the related seNice, the liability is measured on a discounted present value basis. The unviinding of the discount is recognised as an expense in the period in which it arises. 11
Life Change Changes Lives Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 October 2024 Limited by guarantee Every member promises, if the company is dissolved while he: she or it Is a member or within Ie1ve months after he, she or it ceases to be a member: to contribute such sum (not exceeding £11 as may be demanded of him. her or it towards Ihe payment of the debts and liabilities of the company incurred before he, she or it cease5 to be a member, and of the costs, charges and expenses of winding up, and the adjustment of the rights of the contributions among themselves. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations Fundraising 16,210 16.356 15,900 32.110 16,356 Grants Grants 58,342 58,342 32.566 74,242 106.808 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations Fundraising 11,541 8,538 11,541 8,538 Grants Grants 375 87,808 88,183 20.454 87,808 108.262 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Fund5 2024 Funds 2023 Sale of goodslservices as part of direct charitable activities 65.404 65,404 68,307 68,307 Costs of raising donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Costs of raising donations and legacies- Grants receivable 41.583 64,307 105.890
Life Change Changes Lives Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 October 2024 Costs of raising donations and legacies (continued) Unrestricted Funds Restricted Total Funds Funds 2023 Costs of raising donations and legacies - Grants receivable 45.554 73,558 119,113 Costs of other trading activlties Unrestricted Funds Restricted Total Funds Funds 2024 Costs of other trading activities - Shop costs 5.967 38.602 44,569 Unrestricted Funds Restricted Total Funds Funds 2023 Costs of other trading acts'vities - Shop costs 62,729 375 63.104 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 General running costs Support costs 10.232 4.898 10,232 4,898 15,932 4.846 15.932 4,845 15,130 15,130 20,778 20,777 10. Expenditure on charitable activitbes by activity type Activib'es undertaken directly Support costs Total funds 2024 Total fund 2023 General running costs Governance costs 10,232 10,232 4,898 15,932 4,845 4.898 10,232 4,898 15,130 20,777 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for. Independent examination of the financial statements 1,150 1,000 12. Staff costs 13
Life Change Changes Lives Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 October 2024 12. Staff costs (Continued) The average head count of employees during the year was 4 (2023: 3). The average number of full- time equivalent employees during the year is analysed as follows.. 2024 2023 Number of staff - type 1 No employee received employee benefits of more than £60,000 during the year (2023.. Nill. 13. Trustee remuneration and expenses No remuneration or other benefits from employment with the chanty or a related enlity were received by the trustees. 14. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4,914 (2023.. £5,457). 15. Anatysis of charitable funds Unrestricted funds At 1 November 2 023 At 31 October 2 024 Income Expenditure General funds 64.658 97,970 162,6801 99.948 At 1 November 2 022 At 31 October 20 23 Income Expenditure General funds 104.958 88.761 (129.061) 64,658 14
Life Change Changes Lives Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 October 2024 15. Anatysis of charitable funds (continued) Restricted funds At 1 November 2 023 At 31 October 2 024 Income Expenditure Restricted funds 28,667 74.242 (102.9091 At 1 November 2 022 At 31 October 20 23 Income Expenditure Restricted funds 14.792 87,808 (73,933) 28,667 16. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Current assets 99.948 99,948 Unrestricled Funds Restricted Total Funds Funds 2023 Current assets 64.658 28.667 93.325 15