COMPANY REGISTRATION NUMBER: N1634486 CHARITY REGISTRATION NUMBER: 106299 Life Change Changes Lives Company Limited by Guarantee Unaudited Financial Statements 31 October 2025 NIALL FARRELL FCA Chartered accountants Farrell Accountants Limited 16 Upper Square Castlewellan Co Down BT319DD
Life Change Changes Lives Company Limited by Guarantee Flnancial Statements Year ended 31 October 2025 Page Trustees, annual report (incorporating the directotrs report) Independent examinerfs 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 Llmited by Guarantee Trustees. Annual Report (Incorporating tho Director's Report) Year ended 31 October 2025 The Iruslees, who are also the directors for the purposes of company law. present their report and th6 unaudited financial statements of the charity for the year ended 31 October 2025. Reference and administrative details Reglstered charity name Life Change Changes Lives Charity registration numbor 106299 Company registratSon number N1634486 Prlnclpal offlce and reglstered 41 Market Street offico Downpalrick Co Down BT30 6LP The trustees Mrs Beck Mrs Looby Mr Casement Mr Devon Mrs McGivem Mr Beckett Ms Hood Mr McGrath Ms Trimble Mr Martin Dr Teague {Resigned 23 October 20251 {R8signed 26 November 20251 Independent examlner Niall Farrell FCA Farrell Accountants Limited 16 Upper Square Castlewellan Co Down BT31 9DD Structure. govemance and management Life Change Changes Lives ILCCLI is a Company Limited by Guarantee, governed by a Memorandum and Articles of Association. The company is exempl from using the word 'Limited' under Section 60 of the Companies Act 2006. Each member's liability is limited lo a contribution of no more than £1 in the event of winding up. Ultimate legal and financial responsibility lies with the Board of Directors, who delegate the management of the organisalion to staff and volunteers. Staff and volunteer coordination meetings are held regulady, 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 (Incorporatlng the Director's Report) {cohtlftutydJ Year ended 31 October 2025 Objectlvès and actlvltles LCCL is registered with the Charity Commission for Northern Ireland INIC1062991 and operates ils project 'Pop Up Art" as 8 social enterprise. Our mission is lo provide non-residential aftercare for those affected by mental ill health. addiction, social isolation and suicide. Services include professional counselling, creative therapy, peer mentoring, food support, advice, crisis inlervenlion, and volunteer development. We are committed lo advancing.. Health and saving lives Citizenship and community devebpment Environmental protection The relief of those in need due lo ill-heallh, youth, age, or financial hardship The organisalion maintains strong govemance and sector engagement through active memberships and partnerships, supporting compliance, collabor8tion. and service delivery across the region. Memberships include NICVA, BACP, Charity Commission for Northem Ireland. Advice Nl. Volunteer Now, Go Succeed, and other relevant sector bodies. Partnerships include Quakercare Nl. Downpatrick Suicide Task Group, South Down Newcomers, Housing Community Network. Fountain Foodbank, Fareshare, and Marion Centre of Excellence. Achlevements and perfomiance Be88n November 2024 and October 2025, Llfe Change Changes Lfves supported approximately 320-350 unique individuals. Across this period, the org8nisalion delivered in excess of 4,500 attendances, with each attendance including the provision of a hol meal. This represents over 4,500 hot meals provided, alongside an average of 12-16 engagements per individual. demonstrating sustsined and ongoing support. During the sam8 period, the organisation delivered 1,516 counselling sessions, supporting 756 counselling engagements and an estimated 400-500 unique individuals. These figures demonstrate a model ot sustained intetvention support, with individuals engaging repeatedly over lime rather than accessing one4)ff services. The organisalion continued lo support indivlduals experfencing housing instability. financial hardship, mental health challenges, and social isolation. Engagement remained strong throughout the year, with expected seasonal variation during summer months followed by recovery and stability into autumn.
Life Change Changes Lives Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Dlrectorfs Report) (witltsued) Year ended 31 October 2025 Financial revlew The financial ststemenls are presented in the standard fomial required by the Statement of Recommended Practice 'Accounting and Reporting by Charities, issued in March 2005 and cover the activities of LCCL. The statement of Financial Activities ISOFAI shows the gross income from all sources. OveNlew Total income for the year was £205,867. Total direct costs amounted lo £68.535, with total overhead expenditure of £104.787. The organisalion recorded a nel surplus of £32,545 for the year anded 31 October 2025. This surplus reflects a stable financial pos(tiorb and continued growth in service delivery, supported by 8 combination of grant funding, community fundraising. social enterprise income, and Gharilable activities. Income streams remained well diversified, with key contributions from grants {£89,3231, charity shop aclivity1£46,2411, and social fe operations1£29,797). Expendlture reflects direct investment in frontline service delivery, Including staffing, programme costs, and community support initiatives. The organisation continues lo maintain a prudent financial approach, ensunng sustainability whi18 meeting increasing demand for services. Plans for future perlod$ LCCL remains committed to.. Delivering accessib counselling and creative therapy Hosting inclusive wellbeing and advice services Responding to crises including homelessness and food povety Slrenglhening cross-border mental health partnerships Small company provlslons This report has been Prepared in accordance with the provisions applicable lo companies entitled lo the small companies exemption.
Life Change Changes Lives Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) feotsiihuod) Year ended 31 October 2025 The trustees, annual report was approved on 7 May 2026 and signed on behalf of the board of trustees by-. Mr Casement Trustee Mr Beckett Trustee
Life Change Changes Lives Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Life Change Changes Llves Year ended 31 October 2025 I report lo the Iruslees on my examination of the financial statements of Life Change Changes Lives ('Ihe charity'l for the year ended 31 October 2025. Responslbllltl88 and basis of report As the Iruslees of the company land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Acl'l and the Companies Act 2006 I'lhe 2006 Act'i. You are satisfied that the accounts of the company are not required by charity or company law to b8 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 Northem Ireland under section 65{9llbl of the 2008 Act. Independent examlnerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me c8USe to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records,. or the financial ststements do not comply with the accounting requirements of sgction 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examinatson., or the financial statements have not been prepared in accordance with the methods and principles of the Stslement of Recommended Praelice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I confirm that there are no other matters lo which your attention should be drawn lo enable a propor understanding of th8 accounts lo be roached. Niall Farrell FCA Independent Examiner Farrell Accountants Limited 16 Upper Square Casllewellan Co Down BT319DD
Life Change Changes Lives Company Limited by Guarantee Statement of Financial Actlvities (including income and expenditure account) Year ended 31 October 2025 2025 Reslricled funds Totsl fund5 Totsl funds 2024 Unrestricted funds Income and endowments Donations and legacies Charitable activities Investment income 72,218 29,798 118 103,733 175,951 29,798 118 106,808 65.404 Total incom8 102,134 103.733 205,867 172,212 Expenditure Expenditure on r81sing funds.. Costs of raising donations and legacies Costs of other trading activities Expenditure on charitable activrf(ies Total expenditure 56,841 23,789 12.963 64,988 13,663 1,078 79,729 121,829 37,452 14,041 173,322 105,890 44,569 15,130 10,11 93,593 165,589 Net income and net movement In funds 8,541 24.004 32,545 6,623 Reconclllation of funds Total funds brought forward Totsl funds carrled fr*pward 99,948 108,489 99.948 93,325 24,004 132,493 99,948 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing acts'vities. Thè notes on paggs 8 to 14 ft>rm part of these financial stat•ments.
Life Change Changes Lives Company Llmlted by Guarantee Statement of Financial Position 31 October 2025 2025 2024 Current assets Cash al bank and in hand 132,493 99.948 Net current assets 132,493 132,493 99,948 Total assgtslgss currgnt liabilities 99,948 Funds of the charty Restricted funds Unreslricled funds 24,004 108,489 99,948 Total charlty funds 16 132.493 99,948 For the year ending 31 October 2025 the charity was entitled lo exemption from 8udit 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 question in accordance with sgction 476,. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financi81 statements. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies, regime. These financial stslemenls were approved by the board of Iruslees and authorised for issue on 7 May 2026, and are signed on behalf of e board by.. Mr Casement Trustee Mr Beckott Trustee The notes on pages 8 to 14 ft>rm part of these finaneÉal statèments.
Llfe Change Changes Lives Company Limited by Guarantee Notes to the Financial Statements Year ended 31 Oclober 2025 Ggngral information 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 compllance These financial ststemenls 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 IFRS 1021 {Charitses SORP IFRS 10211 and the Companies Act 2006. Accounting policies Ba$ls of preparation The financial statements have been prepared on the historical cost basis, as modffied by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financi81 slalements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uneertainlies about the charity's abilty lo continue. Judgements and key sources of estlmatlon uncertalnty The preparation of the financial statements requires management to make judgements, eslimales and assumptions that affect the amounls 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 circumstsnces. The judgements (apart from those involving estimations) that management has made in the process of applying the entrty's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows-. No judgements having a signrficant effect on the amounts recognised in the financial slalements wer8 made during the year. Accounting estimates and assumptions are made eoncerning the future and, by their nature. will rarely equal the related 8Ctual outcome. The key assumptions and other sources of eslimalion uncertainty that have a significant risk of causing a material adjustment lo 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 stslemenls were made during the year.
Life Change Changes Lives Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuod) Year ended 31 October 2025 Accounting policies {Wtsflnu¥d) Fund accounting Unreslricled fvnds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of sub-classes= restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial actlvtties when entitlement has passed lo the charity., it Is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entillemenl Is eslablk8hed. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived frorn the eost lo the donor or the eslimaled resale value. Donated facilitie$ 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 th8 contracted service. Thi5 is classified as unreslricled funds unless lttere is 8 contractual requirement for il lo be spent on a particular purpose 8nd returned if unspent, in which case it may be regarded as reslricled.
Life Change Changes Lives Company Limited by Guarantee Notes to the Financlal Statements fcontlnu•dJ Year ended 31 October 2025 Accountlng pollcles (¢onllnuod) 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 ststemenl of financial activities lo which il relates.. expenditure on raising funds includes the cost5 of all fundraising activities. events, non-charilable trading activities. and the sale of donated goods. expenditure on charitable aclmlies includes all costs incurred by a charity in undertaking activities Ihal further its charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on charitable aclivilie5. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that aclivily. Shared costs are apportioned beeen the activities they contribute lo on a reasonable, justifiable and consistent basis. Flnancial Inslruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the inslrumenl. Basic financial instruments are Initially reeognised at the amount re1vable or payable including any related transaction costs, unless the arrangernenl constrtules a financing transaction, where il is recognised at the present valu8 of the future payments discounted al a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expeeled lo be paid or received and not discounted. Other financial instruments are subsequently measured at fair value. with any changes recognised in profit or loss, with the exception of hedging inslrumenls in a designated hedging relationship (see hedge accounting policyl. Deflngd contrlbution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the exlenl that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholty within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 10
Life Change Changes Llves Company Limlted by Guarantee Notes to the Financial Statements (contlnuod) Year ended 31 October 2025 Llmlted by guarantee Every member promises, if the company is dissolved while he. she or it is a member or within twelve months after he, she or il ceases lo be a member, lo contribute such sum Inol exceeding £11 as may be demanded of him, her or il towards the payment of the debts and liabilities of the company incurred before he, she or it Geases 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 2025 Donatlon8 Donations Fundraising 60,718 11,500 14.410 75,128 11,500 Grants Grants 89,323 89,323 175,951 72,218 103,733 Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons Donations Fundraising 16,210 16,356 15,900 32,110 16,356 Grants Grants 58,342 58,342 106,808 32,566 74,242 Charftable a¢tivltles Unrestricted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Sale of goodslservicgs as part of direct charitable activili8S 29,798 29,798 65,404 65,404 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 118 118 11
Life Change Changes Lives Company Limited by Guarantee Notes to the Financial Statements (contInu) Year ended 31 October 2025 Costs of ralslng donatlons and lega¢les Unreslricl8d Funds Restricted Total Funds Funds 2025 Costs of raising donations and legacies - Grants recewable 56,841 64,988 121,829 Unrestricted Funds Reslricled Total Funds Funds 2024 Costs of raising donations and legacies - Grants receivable 41,583 64,307 105,890 Costs of other Irading activities Unrestricted Funds Restricted Total Funds Funds 2025 Costs of other trading activities - Shop costs 23,789 13,663 37,452 Unreslricled Funds Restricted Total Funds Funds 2024 Costs of other trading activities - Shop costs 5,967 38,602 44,569 10. Expendlture on charltable actlvltles by fund type Unreslricled Funds Restricted ToLIl Funds Funds 2025 General running costs Support costs 6,240 6.723 1,078 7.318 6,723 12.963 1,078 14,041 Unrestricted Funds Restricted Total Fund5 Funds 2024 General running costs Support costs 10,232 4,898 10,232 4,898 15,130 15,130 12
Llfe Change Changes Lives Company Limited by Guarantee Notes to the Financial Statements (ContIntd) Year ended 31 October 2025 11. Expendlture on charftable actlvltles by actlvlty type Activities undertaken directly Support costs Total funds 2025 Totsl fund 2024 General running cocts Governance costs 7.318 7,318 6,723 14,041 10,232 4.898 6,723 7.318 6,723 15,130 12. Independent examlnatlon fees 2025 2024 Fees payable to the independent examiner for.. Independent examination of the financial slatemenls 1,200 1,150 13. Staff costs The average head count of employees during the year was 412024.. 41. The average number of full-time equivalent employees during the year is an81ysed as follows.. 2025 2024 No. Number ofslaff No employee received employee benefits of more than £60,000 during the year {2024'. Nill. 14. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 15. Pensions and othgr post retiremont beneflts Defined contribution plans The amount recognised in income or expenditure as an 8xpense in relalion to defined contribution plans was £2,010 {2024.' £4,9141- 13
Life Change Changes Lives Company Limited by Guarantee Notes to the Financial Statements (¢ontlnu8dJ Year ended 31 October 2025 16. Analysls of charltable funds Unrostrlctgd funds At 1 November 2 024 At 31 October 2 025 Income Expenditure General funds 99.948 102.134 193.5931 108,489 At 1 November 2 D23 At 31 October 20 24 Income Expenditure General funds 64,658 97,970 162,6801 99,948 Restricted funds At 1 November 2 024 At 31 October 2 025 Income Expenditure Restricted funds 103,733 179,7291 24,004 Al 1 November 2 023 At 31 October 20 24 Income Expenditure Reslricled funds 28,667 74,242 (102,9091 17. Analysls of net assels between funds Unrestricted Funds Restricted Total Funds Funds 2025 Current assets 108,489 24,004 132,493 Unrestrided Funds Reslricled Totsl Funds Funds 2024 Current assets 99.948 99,948 14