Life and Time IA company limit by guardnt••. not having a shar• capilall DIRECTORS. ANNUAL REPORT for the financial year ended 30 September 2022 The directors present their Directors, Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited finanaal statements for the finanaal year ended 30 September 2022. The financ4al ststements are prepared in a¢xordance with the Companies Act 20C6, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their finanryal statements in accordance wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Directors. Report contains the infoThnatson required to be provided in the Directors. Annual Report under the Statement of Recommended Practi ISORPI guidelines. The direclors of Ihe company are also tharity 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 directors of Life and Time present a summary of ils purpose, governan. activities, achievements and finances for the finanual year 30 September 2022. The company is a registered charity and hen the report and reSuS are presented in a form whith complies wth the requirements of the Companies Act 20ChS and, athough not obliged to comply with the Statement of Recommended Practi appli(ble in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these finanaal statements. Review of Activities. Achievements and Perforniance The Directors are pleased to report that our Servi continues to be needed and ivs expansion into a new district in 2021 has succeeded.. From the CommenMent of our Servi we have delivered up lo and including 30th September 2022 end of life care ServIS to 93 patsents and their families over 1,214 nights with 330 home visrts in our two districts in the South Down area . We have recommenc£d a strategy of public educalion in palliative care and adVand care planning which is in line with HSC policy. We have provided presentations and opportunities for discussion at many community groups and have more planned over the coming year. We have funded several professional development courses for staff and other Servi providers in the area. We continue to support our nurses in achieving European Palliative Care Certification and Post Graduate part-time courses at local Universities. Financial Review Our fundraising model has matured somewhat in that the committee have not had to directly raise any funds for some lime. Donations. in lieu of flowers. or "in memory of are now the main source of income which is satisfathory at present. The directors have delivered on retention of a suitable reserve amounting to {at least) six months running costs. Financial Results At the end of the financial year the company has assets of £178,991 12021- £92,160) and liabilities of £5,422 {2021 £1,659}. The net assets of the (x)mpany have increased by £83.068.
Life and Time IA company limit by guardnt••. not having a shar• capilall DIRECTORS. ANNUAL REPORT for the financial year ended 30 September 2022 Principal Risks and Uncertainties The directors have considered the major risks to which the charity is exposed. Major risks which have been identified and discussed by the director5 indude.. 1 Loss of reputation, perhaps due to adverse publiuty or Servi failures. leading to a fall in public Confiden in the charity and a consequent reduction in voluntary income 2 Increase in services by other sectors such as Marie -curie might have a destabilising effect 3 Recruitment of suffiaently skilled and qualified staff to deliver care 4 Injury to Lone Working Staff is an ongoing risk and poliaes are in pla to mitigate same 5 After a hiatus last year we have resumed normal Servi and have expanded into an new service area, Rathfn"land, Hilltown & Mayobridge IRHMI, albeit with an insurance limrtation that we cannot accept a client with a posilnie covid test in the last 14 days. The Directors take all appropriate steps to moderate and manage the operational risks to which volunteers, staff and assets of Life and Time Ltd are exposed. Having considered all the identified risks, the Dirertors do not consider there to be a risk to the on-going status of the organisation at this time Future Developments Life and Time intends to continue its work in small community group settings. A standard fomial of lalkl discussion has been developed so it can be delivered by any member of the committee. This was interrupted by COVID but has since been reinstated. Life and Time plans to continue provision of its se1 wthin the Warrenpoinl. Burren & Rostrevor IWBR} and RHM areas and has rentlY met with stakeholders in the Moumes th a view to expansion into that area in 23124. We aim to increase awareness and provide education wthin our community with regard to all aspects of palliative and end of life care through the medium of public meetings, social media and our website. Covid affethed our ability to deliver public education events however we were ab lo reengage wth our communities through these mediums on the finana81 year. Vve are currently rolling out a new pilot for a new fa1 of the servi. Family Outreach Support, which will mean that any family referred to Life & Time, will have a limited number of visits from a L&T appointed Social Workerlcounsellor to help support them whilst a family member is being given End of Life Care. Directors The directors who served throughout the finanaal year. expt as noted. were as follows.. Dr Henry McLaughlin Mr Brian Scullion Mr Martin McGinn Mr John McGinn Compliance with Sector-wide Legislation and Standards The company engages prfractively wlh legislation. standards and codes which are developed for the sector. Life and Time subscribes to and is compliant wth the following- The Companies Act 20( The Charities SORP {FRS 102)
Life and Time IA company limit by guardnt••. not having a shar• capilall DIRECTORS. ANNUAL REPORT for the financial year ended 30 September 2022 ApnrnvaA hv +ha FlnarA nf nirectors on 26 June 2023 and signed on its behalf by: l-kM'(G< Dr Henry McLaughlin Mr Martin M inn Mr John McGinn Director
Life and Time IA company limit by guardnt••. not having a shar• capilall STATEMENT OF DIRECTORS. RESPONSIBILITIES for the financial year ended 30 September 2022 The directors are resFionsible for preparing the finanaal statements in accordan wth applicable law 8nd regulations. Company law requires the directors to prepare finanaal statements for each finanaal year. Under that law the directors have elected to prepare the finanual statements in accordan with United Kingdom Generally ApIed Accounting Pra{Al (United Kingdom Accounling Slandards and appIlble lawl including FRS102 'The Finanryal Reporting Standard applitrAble in the UK and Republic of Ireland" Under company law the directors musl not approve the finanaal stslemenls unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the nel income or expenditure of the company for that period. In preparing these finanaal statements, the directors are required to". select suitable a(Unting poliaes and apply them consistently", make judgements and esb'rnates that are reasonable and prudent- stale whether the finanryal statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards,. and prepare the financlal ststements on the going conrn basis unless it is inappropriate to presume that the company will continue in operation. The directors confimi that they have complied wth the above requirements in prepanng the finanaal statements. The directors are responsible for keeping adequate a(Lounting records thal are suffiryent lo show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with. They are also responsible for safeguarding the assets of the company and hen for taking reasonable steps for the prevents.on and detection of fraud and other irregularities. irectors on 26 June 2023 and signed on its behalf by: Dr Henry McLaughlin Di- Mr Martin McGinn Director Mr John McGinn Director