Company Reglstratlon Number: N1646639 Charlty Number: NIC106965 Life and Time IA aompany Ilmlt8d by guarantae, not havlng a share capital) Annual Report and Unaudited Financlal Statements for the financial year ended 30 September 2024 Paul Hagerty & Co 11 The Square Rostrevor Co Down BT34 3AZ
Life and Time IA company Ilmltgd by guarantee, not havlng a sharo c8Pitall REFERENCE AND ADMINISTRATIVE INFORMATION Dlrectors Dr Henry McLaughlin Brian Scullion Mr Martin McGlnn (Resigned 23 May 20241 John McGlnn Jacqueline Campbell (Appointed 20 December2024) Sean Sweeney (Appointed 20 December 2024} Charlty Number In Northern Iraland NIC106965 Company Reglstratlon Number N1646639 Reglstered Offlce 46 Vlctorla Square Roslrevor Co Down BT34 3EU Northern Ireland Prlnclpal Address 16 The Square Rostrevor Co Down BT34 3AZ Northern Ireland Independent Examiner Paul Hagerty & Co 11 The Square Rostrevor Co Down BT34 3AZ Prlnclpal Bankers First Trust Bank 4244 Hill Street Newry Co Down BT34 1AU
Life and Time {A company Ilmited by guarante&, not havlng a share capllall DIRECTORS, ANNUAL REPORT for the financial year end8d 30 September 2024 The dlrectors present thelr Directors, Annual Report, comblning the Directors, Report and Trustees, Report, and tte unauditèd financlal statements for the financial year ended 30 September 2024. Tha financlal stat8ments are prepared In accordance wlth the Companies Act 2006, FRS 102 "The Flnanclal Reporting Standard applicable in the UK and Republic of Ireland. and Accounting and Reporting by Charities: statement of Recommended Practlce applicable to charities preparing their financial statements In accordance with the Financial Reportlng Stsndard appllcable In the UK and Republic of Ireland {FRS 102}. Tha Dlrectors, Report contalns the information rgquirèd to be provlded In the Directors, Annual Report under the Statement of Recommanded Practice ISORP) guldellnes. The dlrectors of the company are also charlty trustees for the purpose of charity law and undor the company's constitutlon are known as members of the board of trustees. In thls report the dlrectors of Life and Tim8 present a summary of its purpose. governance, activitles, achievements and finances for tho financial year 30 September 2024. The company is a registered charity and h@nc6 the report and results are presented in a fonn which complles wlth the requirements of the Companies Act 2006 and, although not obliged to comply wlth the Statement of Recommended Practice applicabl8 in th6 UK and Republic of Ir61and FRS 102, the organisation has Implémented its recommendations where relevant in these flnanclal statements. Ravlew of Actlvlties, Achlovements and Performance The Directors are pleased lo report that our seNice continues to be needed and has successfully expanded into the Mournes area in 2024. From the commencam6nt of our servlce we have delivered up to and including 30th September 2024 end of life care seNic6s to 283 patlents and their families over 2977 nights with 929 homo vlslts In our three dislrfcts In the South Down aroa . We have continu&d our strategy of publlc educatlon in palllative care and advanced care planning whlch is In Ilne with HSC pollcy. We have provided presentatlons and opportunities for dlscussion at many community groups and have more planned over the comlng year. We have funded soveral professional development courses for siaff and other 8eNice providers in Ihe area. We continue to support our nurses in achieving European Palliative Care Certiflcallon and Post Graduate part-time courses at local Universities when desired. Flnanclal Revlew Our fundraising model has matured somewhat in that tha committee have not had to direclly raise any funds for some time. Donations" In lieu of flowers" or "In memory of, are now the main sourG6 of Income whlch Is satlsfactory at present. The direclors hav6 dellvered on retention of a sultable reserve amounting to lat least) slx months running Costs, thus allowing for expansion of services In Ihe Moumes area. Flnanclal Results At the end of the financial year the company has assets of £274,87612023 £275,887} and Ilablllties of £18,603 (2023 - £14,832). The net assats of the company have deoreased by £(4,782). Prlnclpal Risks and Uncertalnties The directors have considered the major rlsks to which the charity is exposed. Major dsks which hav6 been Identified and discussed by the directors Include: 1 Loss of reputallon, perhaps due to adverse publicity or service failures, leadlng to a fall In publlc confidence in the charity and a consequent reductlon In voluntary income 2 Increase in saNlces by other seGtors such as Marie -curie might have a destabllislng effect 3 Recrullment of sufficientty skllled and qualified staff to dellver care 4 Injury to Lon6 Working Staff is an ongolng rlsk and policles are in place to mitigat& same 5 After a hlatus in 2020 caused by the global pandemic we resumed nornial seNice in 2021 and have since 8xpanded Inlo a naw district, the Mournes area in 2024. The Directors take all appropriate stops to moderate and managè Ihe Operaonal rlsks to which volunteers, staff and
Life and Time {A company Ilmlted by guarantee, not havlng a $haro capital) DIRECTORS. ANNUAL REPORT for the financial year ended 30 Sept8mber 2024 assets of Life and Tlme are exposed. Having consldered all the identified risks, the Dlr&ctors do not consider there to be a risk to Ihe on-golng status of the organisation at this time Future Developments Llfe and Time intends to Gontinue its work in small community group settings. A standard format of tal discussion has been developed so it can bo delivered by any member of the committee. This was InterNpted by COVID but has been reinstated. Life and Time plans to contlnue provislon of its seNice withln the Warrenpolnt, Burren & Rostrovor IWBR), Ralhfriland, Hllltown & Mayobridge IRHM) areas and Mournes area(MRNI, held public meetings and continued slaff recruitment with a vlew to maintaining team numbers for natural staff leave and turnover. We aim to Incr8ase awareness and provide education wlthln our communlly with regard to all aspecls of palliative and end of life care through Ihe medlum of publio meellngs, soclal media and our website. Covld affect6d our ability to dellver publlc education events however we have successfully re6ngaged with our communlties through these mediums. Directors The directors who served throughout the flnancial year, except as noted, were as follow8.. Dr H8nry McLaughlln Brfan Scullion Mr Martln McGinn {Re8igned 23 May 20241 John McGinn Jacquellne Campbell (Appointed 20 December 2024) Sean Sweeney (Appolnted 20 December 2024) Compllancè with Sector-Wld6 Lègislatlon and Standards The company engages pro-actively wtth l&gi8lalion, standards and codes which ar8 developed for the sector. Llf6 and Time subscribes to and Is compliant with the following.. Th& Companies Act 2006 The Charftles SORP {FRS 1021 Approved by the Board of Dlrector$ on 24 June 2025 and signed on Its bèhalf by: DrHe Dlroct cLaughlin McGlnn tor DI
Life and Time IA company limltèd by guarantgo, not havlng a Share capital) STATEMENT OF DIRECTORS. RESPONSIBILITIES for Ihe financial year endèd 30 September 2024 The directors are responsible for preparfng the financlal statements in accordanc8 wlth applicable law and regulatlons. Company law requlres the directors to prepare flnanclal statements for each financial year. Under that law the dlrectors hav8 elected to prepare the financial statements in a¢cordan¢e with Unlted Klngdom Generally Accepted Accounting Practice {Unlted Kingdom Accounting Standards and appllcable law) Including FRS102 "The Financial Reporting Standard applicabl8 in the UK and Republlc of Ireland. Under company law the dlrectors must not approve tha financlal statements unless they are satlsfied that they give a true and fair vlew of the state of affairs of the company and of the net Income or expenditure of the company for that poriod. In preparfng these financial statements, the directors are requlred to: select suitable accountlng pollcies and apply them consistently. make judgements and estimates that are reasonable and prudent., state whether the financial statements have be8n prepared in 8ccordanee wlth the relevant flnanclal reporting framework, Identify those Standards, and note the effect and the reasons for any material departure from those standards. and prepare the financial statements on the golng concern basls unless It Is Inapproprlate to presume that the company wlll contlnue In operation. The directors confim that thoy have complied with the above requir8menls In proparlng the financlal statements. The dlrectors are responsibla for keeping adequat8 accounting records that ar6 sufficlent to show and explaln the company's transactlons and disclose with r6asonable accuracy at any tlme the financial position of the company and enable thèm to ensure that the financial statements comply wlth the Companies Act 2006. They are also re8ponsible for safeguarding the assats of the company and hence for taking reasonabl6 aeps for tha preventlon and detection ol fraud and oth6r Irregularltles. Approved by the Board of Directors on 24 June 2025 and slgned on Its behalf by: Dr Henry M Dirèctor Iln n McGinn ector
Life and Time (A company Ilmlted by guarantee, not havlng a sharg capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF LIFE AND TIME We have examined the financlal slat6menls of the company for the financlal year ended 30 Seplamber 2024, which comprise the Statement of Financial Actlvlli&s (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes. Thls r8POrt is made solely to the company's membors, as a body, in accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our wort( has been undertaken so that we might complle the financial Statements that we have been engaged to compile, report to the Board of Directors that we have done so, and state those matters that we havè agreed to stato to them in this report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responsibillty to anyone other than the company and the company's members, as a body, for our work, or for this report. Respective respon8lbllltle$ of dlrectors and examlner The company's trustees (who are also the dlr6ctors of th8 company for Ihe purposes of company law) are responsible for the preparation of the financial statements In accordanc6 With the requlr&ments of the Companles Act 2006. The company's directors consider that an audit 18 not required for this financial year under Chaptor 3 of Part 16 of the Companles Act 2006 and that an independent examlnatlon 18 required. It is our responsibility to: examine the financial statements under section 65 of the Charllles Act. follow the procedures laid down by the general Directions given by the Charlty Commission for Northern Ireland under sectlon 65{9Mbl of the Charities Act. and state whethar particular matters have come to our attention. Basls of Independent examlnerfs report We have examlned your company financlal statements a8 requlred under secilon 65 of the Charities Act and our examlnatlon was carried out In accordance wlth the general Directions given by the Charlty Commlssion for Northern Ireland under s6Ctlon 65(9)(b) of the Charities Act. An examlnatlon includes a review of the accountlng records kept by the company and a comparison of the financial statements presented with Ihose records. It also includos consideratlon of any unusual Items or disclosures in the financlal statements and seeklng explanation8 from the directors conceming any such matters. The procedures undertaken do not provlde all the evldence that would be requlred in an audit and consequently no oplnion is glven as to whether the accounts present a 'true and fairf view and Ihe report is Ilmited to Ihose matters set out In tha statement below. In connection with our examlnatlon, no matter has come to our attentlon which gives us cause lo believe that in. any material respect., accounting records were not kept In accordance wlth section 386 of the Companies Act 2006 thè financial statements do not accord with those accounting records the financial statements havo not been prepared In accordance wlth tho accounting requirements of sectlon 396 of the Companies Act 2006 and wlth the methods and prfnciples of the Statement of Recommended Practice applicable to charftles preparing thelr accounts In accordance wlth the Financlal Reporting Standard applicable In the UK and Republlc of Ireland {FR81021 there is further informatlon needed for a proper understanding of the accounts to be roached. Indeperldent examlner's statement We hav6 no concerns and have come across no other matters in connectlon with the examlnatlon to which attention should bo rawn in this eport In order to enable a proper understanding of the financial staÉem&nts to be reached. PAUL HAGERTY & CO 11 Thè Square Rostrevor Co Down BT34 3AZ Date.. 24 Junè 2025
Llfe and Time IA company Ilmlted by guarantee, not havlng a share capltall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an In¢om6 and Expendlturg Account) for tho flnancial y8ar end6d 30 September 2024 Unrestrlcted Funds 2024 Total Unre8lricl8d Funds Funds 2024 2023 Total Funds 2023 Notes Incomlng Re$our¢es Charitable activities Funds Received 229,067 229,067 258,150 258.150 Resourc6s Expended Charitable actlvlt16S 233,849 233,849 170,664 170,664 Net Incomlngloutgoing resourcès before transfer8 14,782) {4,7821 87,486 87,486 Gross transfers beeen funds Net mov8mant In funds for the flnancial year 14,782) (4,782) 87.486 87,486 Reconciliatlon of funds: Tolal funds beginning of tha yaar 14 261,055 261,055 173.569 173,569 Total funds at the end of thè yoar 256,273 256,273 261,055 261,055 The Statoment of Financial Actlvities includes all gains and losses recognised in the financial year. All Income and expendlture relate to contlnuing actlvltles. The notes on pages 10 to 14 form part of the flnanclal statemonl8
Life and Time IA company Ilmlled by guarantee, not havlng a shar8 capital) Company Number: N1646639 BALANCE SHEET as at 30 September 2024 2024 2023 Note8 Flxed Assets Tanglble assets 3,124 Current Assets Debtors Investments Cash al bank and In hand 10 11 320 40,216 232,227 46,247 228,629 274,876 272,763 Cr8ditors.' Amounts falllng due withln one yèar 12 (18,603) {14,832) Nèt Current Assets 258,273 257,931 Total As8et8 less Current Llabllltles 256,273 261,055 Funds General fund (unrestricted) 256,273 261,055 Total funds 14 256,273 261,055 These financial statements have been prepared In accordance wlth the special provlslons relating to small companles wlthin Part 15 of the Companies Act 2006. For the finanGial year ended 30 September 2024 th6 company was entllled lo exempllon from audlt under section 477 of the Companies Act 2006; and no notice has been deposited under sectlon 476. The dlrectors confimi that the memb&rs have not required the company to obtain an audlt of its financlal statements for the financlal year In question In accordanGe with secllon 476 of the Companies Act 2006. The directors acknowlodg6 thelr responslbilitlos for ensuring that the company keeps accounling record8 whlch comply with section 386 and for preparing financial statements whlch glvo a twe and falr vlow of the state of affairs of th8 company as at th6 and of the financial year and of Its profit and loss for th6 financial year In accordance wlth the requlroments of sections 394 and 396 and which OtheISe comply with the requirements of the Companles Act 2006 relatlng to financial statements, so far as applicable to the company. Approved by the Board of Dlrectors and authorised for Issue on 24 June 2025 and slgned on its behalf by Dr Henry Dlrector Lau Iln n McGlnn rector The notes on pages 10 to 14 form part of th8 flnandal ststements
Life and Time {A company Ilmltgd by guarantèe, not havlng a sharo capllall NOTES TO THE FINANCIAL STATEMENTS for the financlal year ended 30 September 2024 GENERAL INFORMATION Life and Mme Is a company limlted by guarantee Incorporated In Northern Ireland. Tho reglstered offico of the company is 46 Victoria Square, Roslrevor, Co Down, BT34 3EU, Northern Ireland and the principal place of business of the company is 16 The Square, Rostrevor, BT34 3AZ. The finanGial statements have been presented in Pound (£) which is also the functional currency of the cornpany. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been appliad conslstently In deallng with items which are considered material in relatlon to the charity's flnanclal statements. Basls of preparatlon The financial statements have bean prepared on the going concem basis under Ihe hlstorical Gost conv6ntion, modified to Include certain Items at fair valLse. The financi81 stat6ments have been prepared In accordance with the Statement of Recommended Practic8 ISORP} 'Accounting and Reporting by Charities preparing their accounts In accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland FRS 102,. As petinittod by the Companies Act 2006, the company ha8 varied the standard formats in that act for Ihe statement of Financial Actlvities and the Balance Sheet. Departures from the standard formats are to comply with the requlroments of the Charities SORP and are In compliance with section 4.7, 10.6 and 15.2 of that SORP. statemant of compllan¢e The financial statements of the company for the financial year ended 31 Docomber 2017 have beon prepared on the golng concern basis and in accordanca wlth the Statement of Recommended Practice ISORP) 'Accountlng and Reporting by Charitles preparing their accounts in accordance wlth the Flnancial Reportlng Standard applicable In the UK and Republic of Ireland FRS 102" Cash flow statement The Company has availed of the &xemptlon in FRS 102 from the requirement to produce a cash flow statoment because it is classlfied as a small company. Incomlng Resources Voluntary income or capital 18 included in the Statement of Financial Activities when the company is legally entitled to It, Its financial valuo can be quanllfled wilh reasonable certainty and there is reasonable certainty of Its ultimate receipt. Entitlèment to legacies ¢8 considered establlsh6d when the company has been noufied of a distribution to be made by the executors. Incomè recelved In advance of due performance under a contract is accounted for as deferred Income untll earned. Grants for activities are recognlsed as income when lh6 related condltions for legal @ntltlement have been met. All other incomo is accounted for on an accruals basls. In¢om8 from charltable activitlès Income from charitable actlvlties include income earned from the supply of seNices under contracbjal arrangements and from performance related grants which have condltlons that specify the provlslon ol particular s8NiGes to be provided by the cornpany. Income from government and other co-funders is recognlsed when the company Is legally entitled to the income because it is fulfilling tho conditions contained In the related funding agreements. Where a grant is received in advance, Its recognition Is deferred and Included in creditors. Where entltlement occurs before incom8 Is recelvad, It Is accrued in debtors. Grants from governments and other co-funders typically include one of th8 followlng types of conditions: Perfomiance based conditions: whereby the company is contractually entltled to funding only to the extent that th& Core objectives of th8 grant agreement are achleved. Where the company is meeting the core objecuves of a grant agre&m6nt, It recognlses the related expenditure, to the extent that it is relmbursable by the donor, as income. -Time based condillons: whereby the company is contractually entitled to funding on the condition that it Is ulilised in a partlcular pellod. In thesè cases the company recognises the income to the extent it is utilised wlthln the period specified In the agreement. In the absence of such conditions, assuming Ihat r8c6lpt Is probabl& and the amount can be reliably measured, grant Income is recognised once the company Is notified of entitlement. 10
continued Life and Time {A company limited by guarante&, not having a shar& capitall NOTES TO THE FINANCIAL STATEMENTS forth8 financial year 6nd@d 30 September 2024 Grants received towards capital expendlture are credlted to the Statement of Financial Actlvities when recelved or recelvabl8, whichever is earfier. Resources Expended All resources 6xpended are accounted for on an accruals basls. Charitable actlvitles include costs of s&rylces and grants, support costs and depreclatlon on related assets. Costs of generating funds slmilarly include fundraising activities. Non-staff costs not attrlbuted lo one category of acilvlty ar8 allocated or apportioned pro-rata to *h6 staffing of the relevant setvice. Flnance, HR, IT and adminlstratlve staff costs are directly attributable to Indlvidual activitles by objective. Gov&rnance costs are those assoclated wlth constitutlonal and ststutory requirements. Tangible flxed assets and depreciatlon TangSble flxed 8ssets are slated at cost or at valuation, less accumulated d6pr@ciatlon. The charge to depreciation is calculated to write off the original cost or valuatlon of tangible fixed assets. less their estlmated residual value, over their exp&cted useful Ilvés as follows,. Fixtures, fittings and equlpment 200/0 Reduclng Balance Investments Current asset investments are stated at the lower of cost and net realisable value, Debtors Debtors are recognised at th6 settlement amount due aft6r any dlscount offered. Prepayments are valued at the amounl prepaid net of any trade discounts due. Income recognlsed by the company from govémment agencies and other co-fundefs, but not yet received at financial year end, is included In debtors. Cash at bank and In hand Cash at bank and In hand comprises cash on deposlt at banks requlring less than three months notlce of thdrawal, Taxatlon and deferred taxatlon No current or deferred taxation arises as the company has been granted charltable exemptlon. Irrecoverable valued added tax is expensad as incurred. Deferred tax Is rocognised in respect of all timing dlfferences that have originated but not r6versed at the balance sheet date wher& transactions or 6vents have occurred at ihat date that wlll result in an obligatlon to pay mor@ lax in the future, or a rlght to pay less tax in the future. Timing dlfferenc8s are temporary dlfferences beeen the company's taxable income and its results as stated In the financlal statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated lo apply in th8 periods in which the tlming differences are expected to revarse, based on tax rates and laws that have been onacted or substanllvely enacted by the balan sh&et date. INCOME CHARITABLE ACTIVITIES Unrestrlcted Restrlcted Funds Funds 2024 2023 Grants from governments and other co-fundors". Funds Recelved 229,067 229,067 258,150 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 2023 Fundrasing costs 57,621 176,228 233,849 170,664 11
continued Life and Time IA Company Ilmitèd by guarante6, rbot havln9 a share capltal) NOTES TO THE FINANCIAL STATEMENTS for the flnanclal year 6nded 30 September 2024 SUPPORT COSTS Charltable Activities 2024 2023 General Office Salari88,wages and related costs Accountancy Services 24,314 151,514 400 24,314 151,514 400 20,439 135,457 600 176,228 176,228 156,496 ANALYSIS OF SUPPORT COSTS 2024 2023 General Office Salaries,wages and related cost8 Accountancy SeNices 24,314 151,514 400 20,439 135,457 600 176,228 156,496 NET INCOMING RESOURCES 2024 2023 Net Incoming Resources are stated after charglngl{¢redlting): Depreclatlon of tangib16 assets 3,125 781 INVESTMENT AND OTHER INCOME 2024 2023 Sundry income Bank interest 8,030 5,643 118 1,488 11,673 1,606 EMPLOYEES AND REMUNERATION The staff costs comprfse. 2024 2023 Wages and salaries 141,235 103,137 12
continued Life and Time {A company Ilmlt&d by guarantee, not havlng a 8harg capltal) NOTES TO THE FINANCIAL STATEMENTS for the Itnancial year ended 30 September 2024 TANGIBLE FIXED ASSETS Flxtures, flttlngs and equlpment Total Cost At 30 September 2024 5,830 5,830 Dapreciation At 1 Octob6r 2023 Charge for the financlal yoar 2,706 3,124 2,706 3,124 At 30 S6Pt8mber 2024 5,830 5,830 Net book value At 30 Sept6mber2024 At 30 September 2023 3,124 3,124 10. DEBTORS 2024 2023 Prepayments and accrued Income 320 11. INVESTMENTS 2024 2023 46,247 40,216 12. CREDITORS Amounts falling due wlthln one year 2024 2023 Trade cr6ditors Taxation and soclal s6curity costs other creditors Accruals and deferred Income 890 2,583 10,003 5,127 783 2,194 8,855 3,000 18,603 14,832 13. RESERVES 2024 2023 At the beginnlng of the year (Deficit}ISurplus for the flnanclal year 261,055 (4,782) 173,569 87,486 At the end of the y&ar 256,273 261,055 13
continued Life and Time IA company Ilmlted by guarant6e. not havlng a shar& oapltall NOTES TO THE FINANCIAL STATEMENTS for the financlal year ended 30 September2024 14. FUNDS 14.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Total Funds At 1 October 2022 Movement durlng the financlal year 173,569 87.486 173,569 87,486 At 30 September2023 Movemont during the financlal year 261.055 {4,782) 261,055 {4,782} At 30 September 2024 256,273 256,273 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 October 2023 Income Expendlture Transfers Balance between 30 September funds 2024 Unrestrleted funds General Fundraising 261,055 229,067 233,849 256,273 Total fund8 261,055 229,067 233,849 256,273 14.3 ANALYSIS OF NET ASSETS BY FUND Current assets Current liablllt168 Total Unrestrfcted general funds 274,876 (18,6031 256,273 274,876 (18,603} 256,273 15. STATUS The company Is limited by guarantee not having a share capltal. Tho Ilability of the members is Ilmited. Every member of the company undertakes to contrlbute to the assets of the company In the event of its being wound up while they are members, or withln one year thereafter, for the payment of the debts and liabilllles of the company contracted before thay ceased lo be members, and the costs, charges and expenses of winding up. and for the adjuslment of the rights of th& contrlbutors among thems&lves, such amount as may be required, not exeding £ 1. 16. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Chadty slnce the financial year-ond. 14