Company Number: N1646639 Charlty Number. NIC106966 Life and Time IA company limlted by guarantee, not havlng • sharo capllall Annual Report and Unaudlt6d Flnanclal Statements for th8 financial year ended 30 September 2023 Paul Hagèrty & Co 11 Tho Squarn Rostrovor Co Down BT34 3AZ
Life and Time IA company Ilmlted by guarAnteg, not havlng a sharn capltall CONTENTS Pago Reference and Administrative Infomation Direclors, Annual Report Slatement of Directors, Responsibilities Ind&pendent Examiner's Report Slatement of Financial Activities Balance Sheet 10 Notes to Ihe Financial Statements Supplem@ntary Information relating to the Financial Slatements 17
Llfe and Time IA company Ilmttod by guarantO0, nol having a share capltal) REFERENCE AND ADMINISTRATIVE INFORMATION DirgCtor8 Dr Henry McLaughlln Mr Brian Scullion Mr Martin McGinn IR9sign9d 23 May 20241 Mr John McGinn Charfty Number In Northem Irèland NIC106965 Company Number N1646639 Registsred Offlce and Prlnclpal Addro88 16 Th8 Squarg Rostsvor Co Down B T34 3AZ Ind•pond9nt Examln8r Paul Hagerty & Co 11 The Square Rostrevor Co Down B T34 3AZ Bankers First Trust Bank 4244 Hill Street Newry Co Down BT34 1AU
Life and Tlma {A company limited by guarantee, not havlng a share copital) DIRECTORS. ANNUAL REPORT for the financial year ended 30 September 2023 The directors pre3enl their Directors, Annual ReporL comblning thè Dlr8CtoTr' Report and Trusteès, Report, and the unaudiled financial statements for the financlal year ended 30 September 2023. The financlal statements are prepared in accordance with thg Companies Act 2006, FRS 102 Th8 Flnancial R8portlng StandaKI appllcable In the UK and Republi¢ of Ireland" and Accounting and Reporting by Charities., Statement of Rècommended Pra¢tic& applicable to charitles preparing their financial statements in accordance with th8 Financial R8POrting Standard applicable in the UK aj Rgpubllc of Ireland {FRS 1021. The Directorn, R8port contalns tha infomiation required to be provlded in Ihe Directors, Annual Roport under the Statement of Recommended Practic8 {SORPI guidelines. The dItOrS of the company are also charity trustees for the purpose of tharity law and under the company's conslltution afft known as m•mb8rs of th6 board of truslees. In this report the directors of Llfe and Time psent a Summary of its purpose, govarnance, activities, achlèvements and finances for the financial year 30 September 2023. Th8 company Is a raglstèred charity and hence the report and results are presented in a form which compli88 With tha requirem8nts of the Companles Act 2006 and, although not obliged lo comply with the Statement of Recommended Practice applicable in the UK and Republic of Iraland FRS 102, the organisatlon has Implemented ils recomtnendations where r@18vant In these financial statsments. Review of Actlvllles, Achiovoments and Performanca The Directors are pleased lo report that cur servic8 continue8 to b8 needed and plans further expansion to the Mournes area in 2024. From the commenment of our servic8 we have d81iv8red up to a1 including 30th Sèptember 2023 end ol life care seCeS to 149 patients and their families over 1,936 nights with 570 home visits in our bNO districts in thè South Down area . W8 have continued our strategy of publlc èducation in palliatlve care and advanc&1 care planning which is in line with HSC policy. We have provld8d pr8s6ntatlons and ¢)pportunllies for dlscussion at rnany community group8 and hava more plann8d over the coming year, We have funded several professional d8velopmant course8 for staff and othar SèNtce providers In Ihe area. We continue lo supportcur nurses in achieving European Palliative Car8 Certification and Post GraduaÈ part-time courses at local Unlversities when desirod. Flnan¢lal Ravlew Our fundraising modal has matured somewhat in that the cfjmmlttee have not had to direclly raise any funds for soma tim8. Donations" in lieu of flowers" or"In mamory of are now the maln source of income which is satisfactory at pre88nL The directors have d8liv8red on retention of a 8uilabl8 r8s6rve amounting to lat least) slx months wnning costs, thu5 allowing for expansion of s8rvices in lh8 Moume8 area.. Flnancial Results Al the end of the financial year Ihg Company has assets of £275,88712022 - £178,991) and liabilitieg of £14,83212022 - £5,422). Tha net assets of the company have increased by £87,486.
Life and Time {A cornpany Ilmltgd by guarantge, not havlng a $haro capltall DIRECTORS. ANNUAL REPORT for th8 financial year end8d 30 S@pt8mb8r 2023 Principal Ri8k8 and Unc8rtaintie8 The directors have considered the major risk5 to which the charity 18 exposed. Major risks which have been identified and discussed by the directors include- 1 Loss of reputation, perhaps due to advers8 publlciLy or Servi failures, leading to a fall in public confidence in the ¢harity and a con$8qu8nt reduction In voluntary Incom9 2 Incr8ase In seNlc8s by olhar séctors such as Mari& -cur18 might have a destsbili5ing effect 3 Recruitment of sufficienly ski116d and qualified staff lo d8liv8r care 4 Injury to Lone Working Staff is an ongoing risk and policies are in plac8 to mltigate samè 5 After a hlatU8 in 2020 caused by the global pandemi¢ we resumed normal service in 2021 and havè since èxpanded Into a district, Rathfilland, Hilltown & Mayobridge (RHM), and plan further expansion in the Mournes ar88 in 2024. The Directors take all appropriat8 Steps to moderat8 and manage the operational Sk$ tc whlch volunteers, Staff and assets of Life and Tim& are poS&J. Having considered all th8 id8nlif18d risks, the Directors do not consid8r there to be a risk to the on-goirKJ status of tha organisation at thi8 time Future D¢velopments Llfe and Time Intends lo continue its work in small c(Jmmunty group settings, A standard formal of tslkl discussion has bean dave10d so It can be delivered by any member of the commltte6. This was interrupted by COVID but has since b88n r8lnstatsd. Life and Tim8 plans to continug provision of its s8NiC8 Wlthln the Warienpoint, Burren & Rostrevor WBR) a1 Rathfriland, Hilltown & Mayobtidge IRHM} areas and has met with stakoholdèrs In thè Mournes area, held public meetings and commenced erUitment of 3taff th a view lo expansion inb that area in 2024. We alm to Increase awareness and provide ucation within our communily with regard to all aspects of palliatlV6 and end of life care through the medium of publlc meeting5, 50¢ial media and our website. Covid affect8d our ability to dèliver publio education events howeverwe have been able to reengage with our communilies thrOh these mediums. We ar@ cunBnlly rolling out a naw pllot for a new facet of the servlce, Famlly Outreach Support, which will mean Ihal any family referred lo Life & fime, will hav8 a limited number of visits from a L&T appointed Soclal WoTkerlcounsellor lo help support th8m whilst a famity member is b8ing gwen End of Life Car9. Dlrectors The directorg who served throughout the flnancial year, except as nDled. were a8 follows.. Dr Henry McLau9hlln Mr Brian Scullion Mr Martin McGinn (Resigned 23 May 20241 Mr John McGinn Compllance wlth Sector-WSde Leglslatlon and Standard8 The company engages praCtiVelY with legislallon, standards and code8 which ar8 doveloped for thè sector, Life and Time 8ubscribes to and is complientwith the following.. The Companies Act 2006 The Charities SORP (FRS 1021
Llfe and Tlme (A company Ilmlted by 9arano. mot having a share copltal DIRECTORS, ANNUAL REPORT for Ihe finaniial year ended 30 Septerllber 2023 Imvr*rf hv thA RnxrA nf nirec¢orB on 14 June 2024 and signed on its behalf by.. Dr Henry McLaughlln Dlrector s.ji Brian Scullion MrJohn M¢Glnn Dlrector
Life and Time (A company 11m1t by uuarantlo, not havlng a shar& caplta STATEMENT OF DIRECTORS, RESPONSIBILITIES for the financial year ended 30 September 2023 Th8 directors are responslble for preparlng the financial statements in accordancg with applicablg law and regulation8. Company law rU{rès thé directors lo prepare financial statements for eath financial year. Under that law the éiredor¥ have 61@ctad to pr8par8 the financial stalements in accordance wlth Unlted Kingdom Generally A¢wted Accounting Practice (United Kingdom Accounting Standards and applicable lawl Includlng FRS102 The Finan¢ial Reporting Standard applicable in the UK and Republic of Ir&land" Undar company law tha directors must not approve the financial Statements unlejs they are satisfied that they give a true and fair vlaw of th8 State of affai18 of the company and of the net income cr expenditure of the wmpany for that peric(l. In prgp8ring these fingncial statements, the directors are required to., select suitable accounting policles and aFvly them consislenlly. make judg8ments and 6Stlmales that are reasonable and prudent,, state whether the financial stat8m&nts hav6 be8n prepared in accordance wlth the relevant financial reporbng fram8WOrt<, identify those stsndards, and not8 the effect and the rgasons for any material departure from those standartls., and prepare the financial st8t8mants on thè going concam basis unlass It Is Inapproprlate to presume that the company will continue in operation. The dlrectors confirm that they have complied with the above requirements in praparing the financial stat8menls. The directors are responsible for keeplng adequate accounting records that are sufficient to show and explain thè Company's transactions and disclose with reasonable accuracy at any time the financial posilion of the company and enable them to ensur8 that th8 financial statsments comply with. They are also responsible for safegUaling the assets of th6 company and h8nce fortaklng raasonabl8 Steps forthe prevention and detectlon of fraud and Dlher irregularities. n" '*¢tors on 14 Juno 2024 and 81gned on ItB bahall by: Dr Hènry McLaughlln Dlrector Mr Brian Scullion Ja A4.6 Mr John McGlnn Dlroctor
Life and Time {A company Ilmltod by guarantoo, nol havlng a Sham capltal INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF LIFE AND TIME We have examined the financial slatem8nts of th8 company for the financial year 8ndgd 30 September 2023, whlch mprise the Slatemenl of Financial Activiti98 lincorporaling an Income and Expandllur8 Aecountl, the Balance Sh86t and the related notes. This report Is made solely to the company's membors, as a body. in accord8n with Chapter 3 of Part 16 of thè Companies Ad 2006, Our work h85 been undertaken so that we mlght compil8 the financial slatem?nts that we have b8én angaged to compl16, r8POrt to the Board of Diredors that we have done so, and state those mallers that we have agreèd to slate to them in this report and for no olher purpose. To the fullest extent permitted by law, we do not accept or a$sum@ responsibility to anyon& other than the company and Ihe company's members, as a body, for our Nvork, or for thls rèport. Re8pectlve re8ponslbllltl88 of dlrectors and 8xamlnar The company's trustees Ivvho are al80 the director5 of Ihg company for th8 purposes of company law) are rgsponslblè for Ihe preparation of the financial s181ements in accordance with th8 requir6m8nls of the Companies Acl 2006. Th8 company's directors consider that an audit 15 not reqUId for Ihis financial year under Chapt8r 3 of Part 16 of the Companies Act 2006 and that an independent examination is requid. It Is our responsibillty to.. 8xamln& th8 Financlal statèmènts undar s8Ction 65 of the Charities Act,. follow th8 procedur8s laid down by the general Dir9clions glvan by the Charity Commission for Northern Ireland under section 6519)(bl of the Charities Act. and state wh8th8r particular matt8rs have come to our attention. Ba¥is of independent examlnefg report We have examined your company fin8noial statements as required under seclion 65 of the Charitie8 Act and our examlnatlon was carrled out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65{9llb) of the Charitles Act. An examlnatlon Inelude5 a review of the accounting record8 kept by the company and a comparison ofthe financial ststements presented with those records, It also includes ¢onsideration of any unusual itams or dlsclosurns In thè flnanclal statements and seeking explanallons from the dlreclors concerning any such matters. The proc8dur8s und&rtak8n do not provlde all the evidence that would be required In an audit and cons8quently no opinion is giv8n as to whether the accounts present a 'tru8 and falr, vlaw and the report 1$ limited to those matters set out in the stat&ment b61ow. In connection wilh our examination, no matter has com8 lo our att8ntion which give8 us caus6 to believe that In. any material respect.. accounting records were not kept In accordance with se¢tion 386 of Ihe Companies Act 26 the financial stataments do not a¢¢ord wlth those accountlng records the financial statements have not been prepared In accordanee with the a¢¢ounting requirements of section 396 of tha Companias Act 2006 and with the methods and princlples of the Statement of Recommended Practice appllcable to charities preparing Ihsir accounts in accordanc8 With the Financial Reporting Standard appli¢able in th8 UK and Republic of Ireland {FRS102} there 18 further infomiation needed lor a pK)P8r und6rstandln9 of the accounts to reached. Indopendgnt examinorf$ 8latemgnt We have no ncernS and have oome across no other matters in connection with th8 8xamin8tion to which attantlon uld be drawn in thÉs report in order lo enable a proper understanding of the financial statements to be reached. P.J H.a"+ PAUL14AGERTY & CO 11 The Square Roslr8vor Co Down BT34 3AZ Dat8: 14 Jun9 2024
Llfe and Tlma {A company Ilmltod by guarant99, not havlng a sharo capltall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an Incom6 and Exp&ndllur6 Accoun¥ for the financial year ended 30 September 2023 Unrestrlcted Funds 2023 Totsl Unrestrfcted Restricted Funds Funds 2022 2022 Total 2023 2022 Noté8 Incomlng Resources Charitable activities - Funds Received 258,150 258,150 202,814 202,814 Rèsources Expended Charitabl8 activltlas 170,664 170,664 119,746 119,746 Net incomlngloutgolng rèscfrurcé8 bgfore tran5fgrs Gross transfers ben funds 87,486 87,486 83,068 83,068 Net movement in fundB for the flnanclal year 87,486 87A86 83,068 83.068 Reconclllatlon of funds Balances brought foNard at 1 Octobèr 2022 14 173,569 173.569 90,501 90.501 Balanc98 carried fOard at 30 8optsmber 2023 261,OSS 261.065 173,569 173,569 The Statement of Flnanclal Actlvltles Includes all gains a4 IDsses recognised in the finanoal year. All inwrne and expenditure relate to continuing activities. The notes on pages 1110 16 form part of Ihe financial statements
Life and Tlme IA company Ilmltgd by guar*ntg•, not havjng a sharo capllall Company Number: N1646639 BALANCE SHEET as at 30 September 2023 2023 2022 Not08 Flxed Assets Tangible assets 3,124 3,125 Current Assets Debtors Instm@nts Cash at bank and In hand 10 320 40,216 232,227 175.866 272,763 175,888 Creditors: Amounts f411ing due within one year 12 114,B32) (5,422) Net Current Assets 257,931 170.444 Totsl A$80ts less Curront Llabllltlos 261,055 173.569 Fund8 Restricted twst funds General fund lunreslricledl 4,720 188,849 261,055 Totsl fund8 14 261,055 173.569 These financial statements have been prepared in aocordance with the special provisions relating to small compani85 within Part 15 ofth8 Companl8s Acl 2006. For the fin8ncial year ended 30 September 2023 the company was 8ntilJed to èxemption from audlt under sectlon 477 of the Companres Act 201A', and no notic8 has b88n deposited uThler section 476. The directors confirm that the members have not required the company to obtain an audit of its financial statemènts for the financlal year In quesllon In accordance wilh section 476 of the Companies Act 2006. The directors a¢knowledge their responsibilities for ensuring that the ¢ompany keeps accountlng records which comply with s8Ction 388 and for preparing financial statements whlch give a true and fair view of the state of affair8 of tho company as at the 6nd of the financial year and of ils profft and loss for the flnanclal year In acrdanCe with the requirements of sections 394 and 395 and whlch otherwise oomply with tha requlrements of the Companies Act 2006 relating to financial statements, so far as gpplicable to th6 c(xMpany. -7clors and authorised for i88ue on 14 Jun• 2024 and slgnad on It8 behalf by Dr Henry McLaughlin Dlroctor io Brlan Sculllon to PA Mr John McGinn Director The noleg on page& 1110 15 form part of the ffinancial statements 10
Life and Time IA company limited by guarnntee, not having o share c8pltaD NOTES TO THE FINANCIAL STATEMENTS for Ihe financial y8ar gnd8d 30 September 2023 GENERAL INFORMATION Life and Time is a company Ilmitgd by guarantee incorporalèd In Northem Ireland. The reglstered office of th9 company is 1 S The Square, Rostrevor, Co Down, BT34 3AZ and the principal place ofbusiness ofthe company is Unit 2 2a Meeting Slre&t. Warr@npolnt. Th8 financial statements ha b8&n presenlad In Pound Sterling l£} which is also the functional currency of th8 company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting pollcies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basls of preparatlon Th8 financial stat8ments hav8 been prepared on th8 golng conr basis underthe hlslorlcal cost convontion, modified to includ8 certain it8m8 al fair valu8. The financial statemants have been prepared in aocordance with the Statement of R8comm8nd8d Practice (SORP) "Accounting and Reporting by Charitiès preparing their accounts in accordance wth the Financial R8POrting Standard applicable in the UK and Republic of Ireland FRS 102 As permltled by the Companies Act 2006, the wmpany has varied the slandard formats In that act for tha Statement of Flnanclal Activities and the Balance Sheel. Departure8 from Ihe standard formats ar8 lo comply th the requirements of the Charities SORP and are In compliance wth section 4.7, 10.6 and 15.2 of that SORP. Slatgm&nt of compllanco Th8 financial 8tatement8 or th8 company for th8 finaneial year andad 31 Dacember 2017 have been prepared on the going concern basis and in accordance with th8 Stst8menl of R8comm8nded Practice ISORP) "Accounling and Reporting by Charities prepBring their accounts in accordance th the Financial Rèporting Standard applicable in the UK and Republic of Ireland FRS 102" Cash fl¢)w statement Thp company has availed ofthe exemption In FRS 102 from the requirement to produce a cash flow stat8m8nt bècause It Is classlfied as a small company. 11
Llfe and Tlme IA ¢omp*ny limitèd by guarantee, not having a sharg ¢apltall NOTES TO THE FINANCIAL STATEMENTS continued for the tinancaal year ended 30 September 2023 Incomlng Resource8 Voluntary incom@ or capital is includèd In Ihe Ststemenl of Financial Actfvitles when the company is legally entitled to it, its financial value can be quantified with reasonable certainty and there Is reasonabl6 certainty of its ultimate receipt Entitlement to legacies is consldered èstablished when the company has been notlfted of a dlstribution lo be made by the ex&cutors. Incom8 r6c8tved in advanc6 of due performance under a contract is accounted for as deferred incomts until earn8d. Grants lor activtties are recognised as incom& when the related conditions for legal entitlement have been met, All other income is account for on an accwals basis. Income from charltable actfvitlés Income from Chatabl9 actlvltles Indud8 inwme earned from the supply of seNl¢es undgr contractual arrangem8nts and from performan¢& rglated grants whlch have conditions that specify the provision of particular 8aNicès to bè provided by the company, Income from govamment and other co-fvnders is re¢ognlsed whell the cornpany is18gally antitled to the incA)me because it is fulfflling the conditlons contained in the related fvnding agreements. Where a grant is r8ceived in advance, its recognition is d&farr6d and includèd in creditors. ere entitlement occurs before income is received, it is accru8d in d8btor8. Grants from govemments and other ¢o-fvnders typically Incl18 one of the following typ6s of condllions.. Pèrformance based oonditions.. whereby the company Is contractually onlit1 to fUndIr only to the ext6nt thatthe corè oblectlvas ofthe grant agreement are achieved. Mere the company is meeting the core objeciives of a grant agr8emant, il recoynlses tha related expendIre, lo the extent that it Is reimbursable by the donor. a8 incom8. -Time based conditions.. whereby the company 18 contractually enti118d lo fundlng on thé condition that it Is utilised in a particular period. In thes8 cases th8 company recogni888 the incom8 to th8 8xl8nt It is utilised within the period speGified in the agreement. In the absen(£ of such conditions, assuming that reIpl is probable and the amount can be reliably measured, grant income is recognised once the company is notified of entitlement Grants rec8ived towards caplta] oxpgndlture are credited to the Stalement of Flnanclal Actlvities when received or [lYbE8, which8ver IB 8arfier. Resources Expended All resources expended are accounted for on an amals basis. Charitable activiti88 include C08ts of 8eNi¢6s and grants, support costs and depredation on related assets. Costs of generating funds similarty include fundraising activities. Non-5taff costs not attrlbuted to One category of activity are allocated or apportioned prD- rata lo th& staffing of tha relavant saNKe. Finance, HR, IT and admlnistratlve staff cos15 a directly attributable to Indlvldual actlvllias by obleclive. Govemance costs aro thoso assoclated th constitutional and statutory requirements. Tangible fixed agsets and depreclation Tangible fixed assets are stated at ¢ost or at valuallon, less accurnulated d8pr8ciation. The charge to depreciation Is calculated to wrlte off the original $t or valuation of tangible fixed assets, less their e8timated residual value, over Ih@ir expacted usèful lives as follows,, Fixtur6s, fittlngs and 4ulpment 20% Reduclng Balance Investments Current asset investments are slated at the lower of cost and net realisable value. D8btor8 Debtors aré recognised at Ihe settlement amount due aftér any discount offered. Prepayments are valued at the amount prépaid nèt of any trade discounts dug. Incom8 recognlsed by tha company from government agenues and other co-funders, but not yet raceived al financial year 8nd. is included in dabtors. Cash at bank and in hand Cash al bank and in hand comprises cash on deposit at banks r@qulring less than three months notice of wllhdrawal. 12
Life and Time (A company Ilmllèd by garantO, mot havlng a shar• capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year anded 30 Septèmber 2023 Taxatlon and deferred taxatlon No current or deferred taxation ari88s as the company has bèan grantad charitable éxemption. Irrecovgrable valued added tax is expens as incurred. Defeed tax is recognised in respect of all liming differences that have originated but not reversed at the balance sheet dale where Iransadions or events have occurred at that date that will resulE in an obligation to pay more tax In the future, or a right to pay less lax in the future. TSming differences are temporary differences bètween the companys taxabl8 Incom8 and results as ststed in the finan¢i81 ststemenls, DefetTed tax is measured on an undiscounted basÈs at the tax rates that are antitipaled to apply in the periods In which th& tlming diff6r@nS ar8 8xpected to reverse, based on lax rates and laws that havé beèn ènacted or substantively enacted by the balance sh88t dale. INCOME CHARITABLE ACTIVITIES Unre8trl¢led Re8trf¢ted Funds Funds 2023 2022 Funds R8cèlvad 258,160 268,150 202,814 EXPENDITURE CHARITABLE ACTIVITIE8 Direct Costs Oth6r Costs Support Costs 2023 2022 Fundrasing costs 14,168 166,496 170,664 119,746 SUPPORT COSTS Charltsble Actlvltlas 2023 2022 Salarie8,wages and related costs General Office Accountancy SeNtces 135,457 20,439 600 135,457 20,439 600 95.821 11,933 600 158,496 156,498 108,354 ANALYSIS OF SUPPORT COSTS 2023 2022 Salaries,wages and related costs General Offico Accountancy SeNce5 135,457 20,439 600 95.821 11.933 600 166,496 108.354 NET INCOMING RESOURCES 2023 2022 Net Incomlng Re80urce8 are 8tsted aft&r charglngl{crodltlngl: Depreciation of tangible assets 781 INVESTMENT AND OTHER INCOME 2023 2022 Sundry income Bank in19rest 118 1A88 1,606 13
Llfe and Time (A company Ilmltgd by guarant8•, not havlng a 8har8 capltal NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 September 2023 EMPLOYEES AND REMUNERATION The stsff costs compris8: 2023 2022 Wages and salaries 103,137 81.911 TANGIBLE FIXED ASSET8 Fixtures, flttlngs and equlpmont Total C081 At 1 October 2022 Additions 5,050 780 5,050 780 At 30 Seplember 2023 5,830 5,830 Dèprèclatlon At 1 Octob@r 2022 Charge for the financial yèar 1,925 781 1,925 781 At 30 September 2023 2,706 2,706 Net book value At 30 September 2023 3,124 3,124 At 30 Sèptember 2022 3,125 3,125 10. DEBTORS 2023 2022 Prepayments and accrued InMe 320 11. CURRENT AssEf INVESTMENTS 2023 2022 40,216 12. CREDITORS Amounts falling due within one yBar 2023 2D22 Trade ¢redilors Taxation and social security costs Other credltors Accruals and deferred income 783 2,194 8.855 3,000 187 3.831 1.404 14,832 5.422 13. RESERVES 2023 2022 Al 1 October 2022 Surplus for thé financial year 173,669 87,486 90,501 83,068 Al 3Q September 2023 261,065 173,569 14
Life and Time IA company Ilmlted by guarantee, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS contlnued for the finan(ial year ended 30 September 2023 14. FUNDS 14.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Fund$ Totsl Fundg At 1 October 2021 Mov6ment during the financial year 90,501 78,348 90,501 83.068 At 30 September 2022 Movement during the financial year 173,569 87,488 173,569 87,486 At 30 September 2023 261,055 261,055 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balanc8 1 October 2022 Income Expandlture Transfors Balanco b8lween 30 Sgpl•mbor funds 2023 Unregtricted fvnds General Fundralslng 173,569 258,150 170,664 261,055 Total funds 173,569 258,150 170,664 281,065 14.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Current as8ets Current liabiliti88 Total unrestiiCt general funds 3,124 272,763 114,832) 261,055 3,124 272,763 (14,832) 261,055 15. STATUS The company is limited by guarantee not having a share capital. The liabillty of the membors Is Ilrnlted. Every member of the company undertakes to Contribute to the assets of tho MpanY in the avant of Its bèlng wound up while they are members, or within one year thereafter, for the payment of the debts and Ilabllilies of the company contracted b6for6 they ceasad to be membars, and the costs. charges and expenses of windlng up. and for the adju8trnent of the rights orth8 contrlbutors among thamselv&s. such amount as may be required, not exceeding £ 1. 16. POST.BALANCE SHEET EVENTS There have been no significant events affeoting the Charity since the flnanclal year-end. 15