Charfty re8lstratlon number 1128355 Company registration number 06786752 IEn%land and Wale51 LIFE 2009 ANNUAL REPORT AND FINANCIAL ￿ATEmENTs FOR THE YEAR ENDED 31 MARCH 2025 LIFE 2009 LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs E Maher Mr M Foley Ms E Meep Mr G Heyman Ms K Bouven8 (Appointed 15 March 20251 (Appointed 19 November 20251 (Appointed 19 November 20251 Ms C Amoako-Adofo Sènlor managèmènt Mrs Kerry Smart Chief exe¢utive Charlty number 1128355 Company numbef (6786752 Reglstered offlce 4 Jephson Court Tancred C105e Leamington Spa England CV313RZ Audltor TC Group Celixir House Stratlord Busines5 & Technolo8y Park Innovaiion Way. Banbury Road Slratlord-upon-Avon Warwickshire United Kingdom CV37 7GZ Sollcltors The firm retained is independent upon each issue as it arises. LIFE 2009 CONTE￿5 Page Trustees report Statement of iru5tee5 responsibilities Independent auditor's report 9-12 Statement ol financial activities 13-14 Balance sheet 15-16 Statement ol ¢ash Ilows 17 Notes to the financial ststements 18-30 LIFE 2009 TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORn FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The trustees who are also directors of the charity for the purpose5 of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions Of "Accountin8 Reportin8 by Charities.. 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" which is effective for reporting periods beginning on or after l January 2015. Objectives and activities The Charity's objectives remain to provide support for women and families facing unexpected pregnancy or pregnancy loss. including loss through abortion. These objectives are delivered through a combination of emotional support, housing, material assistance. counsellin8 and education. Objective l.. Governance Strong governance and regulatory compliance remain central to the Charity's work. Ouring the year, the Charity maintained the Trusted Charity Mark Level l. recognising high standards of leadership, management, transparency, service quality, and financial stewardship. Work is on80in8 towards achievin8 Trusted Charity Mark Level 2, which carries enhanced Bovernance and performance requirements. The Trustees continued to monitor financial sustainability closely. Following the organisational restructure implemented in 2023, the Charity entered the 2024-25 financial year with a more streamlined operating model, increased locus on income generation, and tl8hter cost controls. This restructuring has materially improved the Charity's financial resilience durin8 a challenBin8 economic environment. Objectlve 2.. Serviees The Charily continued to deliver its core services ihroughout ihe year. including eounselling. helpline support. housing. parenting support. and material assistance. Oemand lor servites remained high. feflectlng ongoing cost- of-llving pressures affecting many of the families supported by Lile. Quality and innovation remain central to service delivery. The Charity continues to embed trauma-informed approaches across its services and io work in collaboration wilh partner or8anisations to ensure women and families receive compassionate, professional. and effective support. LIFE 2009 TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORn {COPfflNUED) FOR THE YEAR ENDED 31 MARCH 2025 Objective 3.. Marketing and Communications Marketing and Communications continued to support both service delivery and income generation. During the vear, a brand revit¢ilisotion project was launched to reinvigorate Life's message, strengthen engagement with supporters, and improve reach to women and lamilies who may need support. This work is expected to underpin future fundraising growth and improve public awareness of the Charity's services. Objective 4.. Income Generation Income generation remains a strategic priority for the Charity. Fundrai5in8 performance durin8 the year was mixed. Overall fundraising income finished £35.735 below budget. prirnarily due to lower-than-expected grant income and underperforrnance in community fundraising. The Charity was without a community fundraiser for part of the year. Other fundraisin8 Stream5 perfgrmed well, reflecting the commitment and èflectivenÈss of the fundraising tearn. Legaty intome was particularly slrong. with E510.675 re¢eived during the year. significantly ex¢eeding budget. The Charity finished thè year £263.981 ahead of budget on legaty intome. whith matèrially mitigated the shortfall experienced in grants, Irusts, and foundations income. Legacy in¢ome not received during the year bui anticipated has been prudently included in the 2025-26 budget. The Charity continues to refine lis fundraising systems. From l April 2024. changes to income coding and reporting enabled the direct integration of fundiaising data from Civi into Xero. improving accuracy, transpareney. and real- tlme financial oversight. Objective S.. Finances The Charlty ended the financial year with an overall deticit ol £57.927. This ￿preSentS a sl8nlficant movement from the surplus position reported earlier in ihe year and was £56.746 behind the budgeted outcome. The Trustees recognise that a delicit position is not atteptable in the lon8 term. However. they note that expenditure remained consistently below budget across the organisation. due in part to vacant posts but also as result ol disciplined cost management and iar8eied purchasing conirols. The Charlty continues to be impacted by exiernal cosi pressures. particularly increases in the National Mlnlmum Wage and Employers, National Insurance Contributions. These increases have had a material effect on operating costs and have been fully incorporated into future financial planning. Retail operations reported a £144.860 deficit for the year. ￿flectIng legacy lease commitments and trading pressures. The Trustees continued the strategic exit from non-viable retsil leases, resulting in a significantlv reduced retail portfolio of four shops, which are now collectively operating at a profit. Housing performed strongly, finishing the year £86.285 ahead of the budgeted position, helping to offset deficits elsewhere. Helpline Services reported a deficit of E124.707, lar8ely attributable to a historical budgeting error relating to salary costs rather than operational overspend. Overall, while the year ended in deficit, the Trustees are confident that the actions taken during and prior to the year have strengthened the Charity's financial controls, reduced risk, and positioned Life more sustainably for the future. Objective 6.. Turnover Rental income continued to represent the Charity's largest single source of income durin8 the year. The Trustees remain mindful of the need to further diversify income streams to reduce reliance on any one Source and to support lon8-term financial sustainability. LIFE 2009 TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORn {COPfflNUED) FOR THE YEAR ENDED 31 MARCH 2025 Summary The 2024-25 financial year was one ol consolidation and transition. While the Charity ended the year with a deficit of £57,927, decisive actions taken by the Board and senior leadership including restructuring, retail rationalisation, strengthened governance. and renewed focus on income generation have improved financial The Trustees are encoura8ed by the early results of these changes and remain conlident in the Charity's 5trate8ic direction, commitment tg transparency, and ability to continue delivering vital services tg women and families across the UK. Martin Foley Chair of the Trustees Public benefit The Trustees ¢onlirm that they have Complied with iheir duty in Sect￿￿ 4 of the Chorities Act 2011 tc> have due regard to the Charity Commission's general guidance on public benefit. The Trustees ensure that the Charity's purposes are ¢arried out for ihe publi¢ benefit by.. a. Rellevlng poverty. slckne55 and dlstress of pregnant wornen and unsupported mothers with one or mtyre infant children, including through the provision ol supportèd ac¢ommodaiion. b. Protectlng and prtsèrvlng good health and relieving sickness through advicè, ¢ounselling and emotional support provided by trained and professionally supported personnèl. c. Advancln8 educatlon ol the publi¢ in matters relatin8 to pregnanty and pregnancy loss, includin8 throu8h outreach, digital tontent and publications. Access to Life's services is open io all women. men and families affetied by piegnancy-related issues. The Charity's services across the United Kingdom include.. Free emotional help, counselling and skilled listenin8 via phone. text, email. Housin8 and community-based support for mums and their babies Free pregnancy tests and practical baby supplies Educational content and outreach to raise awareness of pregnancy. pregnancy loss and Life's work Through these activities. the Trustees a￿ satisfied that the Charity continues to deliver clear and demonslrable public benefit. Volunteers The Trustees acknowledge that Life could not fulfil its work without the commitment and dedication of its volunteers, who give their time and skills generously in support ol Life's services and clients. Volunteers play a vital role across helpline services. housing. retail. administration. and community outreach. Their contribution enables Life to extend its reach, maintain service quality and deliver support to women and families at critical points in their lives. The Charity remains committed to strengthening volunteer systems, improving trainin8 and support, and ensuring a positive and meaningful volunteering experience. LIFE 2009 TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORn {COPfflNUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and performance Signific£7nt octivitie5 and ochievements ugoinst objectives During the year ended 31 March 2025, Life continued to deliver impactful services to women and families facing pregnancy or pregnancy loss. Our impart during 2024-25 includes: 24,315 people 5UPPOrted in relation to pre8nancy or pregnancy1055 Every month, life provided emotional and praclical 5UPPOrt to between SIXJ and 1,000 people affected bv pregnancy or pregnancy10s5 More than 12.000 mums and babies have been housed by Life. At any one time, we're housing approximately 200 rnym5 and babies in our network 0119 Life House5. These figures demonstrate both the scale and consistency ol deffland for Life's 5ervi¢e5. and the CharitV'5 ability to respond compassionately and effectivelv. The Trustees remain confident that Life's activities continue to deliver meaningful outcomes for women, babies and families, ali8ned to the Charity's obje¢¢s and strate8i¢ priorities. Flnan¢lal revlew 5taternent of financlal artlvltles The deficit for the year on Unresiricièd Funds. which ielatÈ to non-housing attivities. was1£106.4341. Charitable expenditure was £1.822,160 and incurred on education. caiing and corporate activities (see notes 8 & 9 in the accounts). The net surplus for the year on Restricted Funds was £48,507 comprising total incoming resources of £340.118 and total resources expenditure was £291.611. Note 19 of the accounts contains an analysis of the incoming and outgoing resources relating to Restricted Funds, which relate to Life Housing. Balance sheet Total funds increased from £580,635 to £658,616 reflecting the net surplus. Cash at Bank, on Deposit and in Hand on 31 March 2025 increased from E684,357 to £672,717. Reserves policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is 8iven to ways in which additional funds may be raised. This level of reserves is not maintained at the year LIFE 2009 TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORn {COPfflNUED) FOR THE YEAR ENDED 31 MARCH 2025 Investmentpolicy The Charitv's Memorandum of Assocration authorrses the Trustees to deposit or invest funds. tc* employ a professional fund-manager and to arrange for the investments oi other property of the Charity to be held in the name of a nominee in the same manner and subject to the same Conditions as the trustees of a trust are permitted to do by the Trustee Act 2Cth. Life manages its investments within its own ethical 8uidelines. with the objective of achieving a high constant income stream. See note 4 to the Accounts for details ol the income received. Investments are reviewed at least annually in conjunction with an external advisor. Temporary surplus cash resources are held in short-term deposits as selected by Life's bankers. Plzn5 for future periods Strateglc Plannlng for the Future The Trustees have approved the development of a five-year strategic plan, setting a clear direction for sustainable 8rowth, stren8thened 8overnance, and improved outcomes for women and families. This plan will focus on.. Lon8-term financial sustainability Oiversification and growth ol income generation Continued serwce quality and safeguardin8 excellence Investment in people, systems and leadership capacity Future Plannln8: 202>2026 Durin8 the 2025-26 financial year, the Trustees will undertake a full review of the Charity's housing provision, leading to the development and implementation ol a new Housin8 Strategy aligned to Life's mission and strategic Thi5 work will be inlorrned by a comprehensive Housin8 Review and will focus on supportin8 women and families during the first ICMJI day5, from pre8nancy throu8h to a child's second birthdav. The planned strate8y will include.. A transition to a cluster-based hovsin8 model, designed to stren8then safe8uardin8, improve quality oversight and enhance financial viability A clearer strate8ic locus on supported accommodation for pre8nant women and mothers with babies and voun8 children Strengthened safe8uardin8, cornpliance and quality assurance arrangements acros5 housing services A phased rationali5ation of housing Stock to reduce operational risk and improve lon8-term sustainability The introduction of a new housin8 and support service identity, Nest & Nurture, brin8in8 together housing, support and community-based services under a cohesive model The strate8y will be underpinned by detailed financial modellin8 and will be implemented on a phased basi5 over the following 12-24 month5, ensuring continuity ol care while improving safety, Se￿iCe quality and financial sustainability. The Trustees are confident that the Charity's five-year strategic plan. together with the planned housing review and strategy. will provide a strong. mis5ion-aligned framework to support Life's long-term impact and resilience. LIFE 2009 TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORn {COPfflNUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management Life 2009 was incorporated on 9 January 2LK)9 as a company limited by guarantee with registration number 06786752 and is governed under the Memorandum and Ariicles of Associaiion. The registered number of the Charity is 1128355 and SC041329 in Scotland. Life is the businessltrading name of Life 2009. Trustee5 during the year Mr I Wright Mrs E Maher Mr M Folev Mrs L Higgins Ms E Neep Mr G Heyman Ms K Bouven8 Ms CAmoako-Adofo (Resigned 6 September 20251 (Resigned 6 September 202SI (Appointed IS March 20251 (Appointed 19 Novernber 20251 (Appointed 19 November 20251 Recruitment und t7ppointment of trustees Trustees are appointed in accordante with the Articles of Association. Llfe maintains insurante for the trustees In respect of thelr duties as trustees of the charity. Organisationalstructure The 8oard of Trustees admlnlsters the Charity and met twice on a formal basls during the year under revlew. Induction and training of trustees It is the Charity's pollcy that new trustees should under80 an orientation process to brief them on thelr legal obligations under charity law, the charity's governing documents. the committee decision-making process, the business plan and recent financial performance of ihe charity. Trustees are encouraged to attend appropriate external training events that will assist them in carryin8 Out their role. LIFE 2009 TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORn {COPfflNUED) FOR THE YEAR ENDED 31 MARCH 2025 Other matters Risk management The Charity has a risk policy in place and maintains a risk register. It is the Charity's policy to conduct an annual review ol the risks that the Charity may lace. to establish systems and proceduies to mitigate the risks identified and to implement procedures designed to minimise any potential impact on the Charity should those risks materialise. The Board of Trustees (who are also the directors of ts'fe 2CQ9 for the purposes ol company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom GAAP Accounting Standards Iunited Kingdom Generally Accepted Accountin8 Practice). Companv law require5 the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affair5 of the charitable company and of the incoming resources and application of re50urce5. includin8 the income and expenditure. of ihe charitable company for that period. In preparing those financi31 statements. the Board ol Trustees are required to Select suitable accounting politie5 and then apply them consistently. observe the methods and printiples in the Charity SORP: make judgments and èstimate5 that are reasonable and prudeni. prepare the financial statements on the going toncern basis unless It is inappropriate to presume that the charitable company will continue in business. The Board of Tiustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial posititsn of the charitable company and to enable them to ensure thai ihe financial siatements comply with the Companies Act 2CM)6. They are also responsible lor sale6uardin6 the assets of the charitable company and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities. Statement a5 to d15closure of Informatlon to Aud￿1$ So far a5 the trustees are aware, there is no relevant information las delined by Section 4181 of the Companies Act 2CK)6lof which the charitable company'5 auditor5 are unaware. and each trustee has taken all the steps that thev ought to have taken as a trustee in order tg make them aware ol any audit informatlon and to establish thèt the charitable ¢ompany's auditors are aware ol thai informaiion. Audltor In acctsrdance with the cornpany'5 articles, a resolution proposing thai TC Group be reappointed as auditor ol the company will be put at 8 Gèneral Meeting. The report has been prepared in attordance wilh the special provisions of Parl IS of the Companies Act 2006 relating to small companies. The trustees report was approved by the Board of Trustees. Martih Tolgy Mr M Folev Trustee 30 january 2026 LIFE 2009 ATEMENT OF TRUSTEES RESPONSIBILMES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors of Life 2009 for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 Iunited Kingdom Generally Accepted Accounting Practice). Company Law require5 the tru5tee5 to prepare financial 5tatement5 for each financial year which give a true and fair view of the state of affair5 of the charity and of the incorning resource5 and application of resource5. including the incorne and expenditure. of the charitable tompany for that year. In preparing these financial statements. Ihe trustees are required to.. select suitable accounting policies and then apply them consistentlv.. observe the methods anij principles in the Charities SORP. make judgements and estimates that are reasonable and prudent,. and prepare the financial statements on the 80in8 concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keepin8 adequate accountin8 records that disclose with reasonable accuracy at any time the financial position ol the charity and enable them to ensure that the financial staternents comply with the Companies Act 2006. They are also responsible lor saleguarding ihe assets of the charity and hence for takin8 reasonable step5 for the prevention and detection ol Iraud and other irre8ularitie5. LIFE 2009 INDEPENDENT AUDITOR'S REPORT TO THE TRU5TEE5 OF LIFE 2009 Oplnlon We have audited the financial staiements of Life 2LX)9 (the 'charity'l ftsr the year ended 31 March 2025 which comprise the statement of financial activities. the balance Sheet. the statement of cash fltsws and notes tts the financial statements. including significant actounting polities. The financial reporting framework that h35 been applied in their preparation is applicable law and United Kinedom Accounting Standards. including Financial Reporting Standard 102 rhe Finonciul Reporting Srondord opplicoble in the UK ond Republic of Irelond (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the thari13ble company's affairs as at 31 March 2025 and of its incoming resources and application of resources. for ihe year then ended.. have been properly prepared in accordance with United kn'n8dom Generally Accepted Accountin8 Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in a¢cordance with International siandards on Auditing IUKI IISAS IUKII and applicable law. Our re5pon5ibilities under ¢h05e standard5 are further described in the Aydilor'5 responsibilities for the oudit of thefinonciol stotements section of our report. We are independent of thè tharity in at¢ordance with the ethical requirements thai are relevani to our audit ol ihe linancial statements in the UK, including the FRC'S Ethical Standard, and we have luifilled our other eihic31 responsibilities in accordance with these requirements. WÈ believe that the audit evidence we have obtained is sulficient and appropriate to provide a basis for our opinion. Concluslon5 relatln8 to 8oln¥ concern In auditing the financial 5tatement5, we have Concluded that the Irustees use of ihe 8oin8 ¢on¢ern basis of accountin8 in the preparatlon of the financial siatements is appropriate. Based on the work we have performed. we have not identified any material untertainties relating to events or conditions that, individually or collettively. may tast signilitant doubt on the charity's ability to continue as a going concern for a period of at least Iwelve months from when the financi31 statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described In the relevant sections of this report. Other Inforniation The other information tomprises the inforrnation included in the annual report other than the financial statements and our auditor's report thereon. The tru5tee5 are responsible for the other information contained within the annual report. Our opinion on the financial 5tatement5 does not cover the other information and we do not express any form tsl a55urance conclusion theieon. Our responsibility is to read the other infortnation and, in doing 50. consider whether the oiher infomiation is mateiially inconslstent with the financial statements or our knowledge obtained In the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies or appa￿nt material mi5Statements. we are ￿qUired to determine whether th￿$ gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. LIFE 2009 INDEPENDENT AUDITOR'S REPORT{COPfflNUED) TO THE TRU5TEE5 OF LIFE 2009 Matters on whlch we are reqUI￿d to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2(K)8 require us to report to you if. in our opinion.. the information given in the financial statements 15 incon515tent in any material respect with the trustees reptsrt.. or sullicient accounting records have not been kept. or the financial statements are not in agreement with the accounting recoids. or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees responsibilities, the trustees, who are also the directors of the charity lor the purpose of company law, are responsible lor the preparation ol the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation ol financial statements that are free from material misstatement, whether due to fraud or error. In preparin8 the financial statements, the trustees are responsible for assessin8 the charity's ability to continue as a going concern, disc105in8, as applicable, matters related to going concern and using the 80in8 concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Audltor's re5pons5bllltle5 for the audlt of the financlal ststement5 We have been appointed as auditor under section 144 01 the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level ol assurance but is not a 8uarantee that an audit conducted in accordance with ISA5 IUKI will alway5 detect a material misstatement when it exists. Misstatement5 can arise from fraud or error and are considered material if, individually or in the a88re8ate, they could reasonably be expected to influence the economic decisions ol users taken on the basis ol ihese financial statements. 10- LIFE 2009 INDEPENDENT AUDITOR'S REPORT{COPfflNUED) TO THE TRU5TEE5 OF LIFE 2009 Extent to whlch the audlt was consldered capable of detertlnB Irre8ularltles. Includln8 fraud The objectives of our audit, in respect to fraud, are.. to identify and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audit evidence regardin8 the assessed risks of material misstatement due to Iraud, through designing and implementing appropriate responses", and to respond appropriately to fraud or suspected Iraud identified durin8 the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its mana8ement. Our approach was as follows.. We identified areas of13ws and regulations that could ieasonably be expected to have a material effect on the financial statements fiom our general commercial and sector experience. and through discussion with the directors and other management las required by auditing standards). and discussed with the directors and other management the policies and procedures regarding compliance with laws and re8ulations' We considered the legal and regulatory Irameworks directly applicable to the financlal statements reporting framework IFRS 102 and the Companies Act 20061 and the relevant tax compliance regulations in the UK,. We considered the nature of the industry, the control environment and business performance, including the key drivers lor management's remuneration; We communicated identified laws and re8ulations throughout our team and remained alert to any indications of non-compliance throughout the audit,. We considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior mana8ernent monitor5 those prts¢edures and ctsntrols. Based on this understanding WÈ designed our audit procedurès to identify non-compliance with such laws and regulations. Where the risk was considered io be higher. we pèrlormed audit procedures to address each identified fraud risk. These procedures included.. testing manual journals., ieviewing the financial statement disclosures and testin8 to supporting documentalion.. performing analytical procedures.. and enquiring of management. and were designed to provide reasonable assurante thai the finant131 statements were free from fraud or error. Owing to the inherent limitations of an audit. the￿ is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example. the further ￿MoVed non-compliance with laws and regulations lirregularitiesl is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing Standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, ornission or misrepresentalion. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. A lurther description of our responsibilities 15 available on the Financial Reporting Council's web51te at.. https'./l www.frc.org.uk/auditor5re5ponsibilities. This description form5 part of our auditor'5 report. LIFE 2009 INDEPENDENT AUDITOR'S REPORT{COPfflNUED) TO THE TRU5TEE5 OF LIFE 2009 Use of our report Thi5 report is made solely to the company's members. as a body. in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company's member5 those matters we are required to state io them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than ihe company and the company's members as a body. for our audit work. for this report. or lor the opinions we have formed. Mark Bullock FCA1Sènlor Statutory Audltorl for and on behalf OITC Group 30 January 2026 Statutory Audltor Celixir House Straiford Business & Technolo8y Park Innovation Way, Banbury Road Straiford-upon-Avon Warwickshire United Kingdom CV37 7GZ TC Group is eligible lor appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2CN)6. 12_ LIFE 2009 ATEMENTOF FINANcIALAcllv￿lES INCLUDING INCOME AND EXPENDITURE ACCOUP FOR THE YEAR ENDED 31 MARCII 2025 Current financial year Un￿StrICted fund5 Restricted funds Total Total 2025 2025 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activitie5 Other tradin8 activities Investments Other income 1.116.894 1,337.890 837.795 8.406 13451 128.830 211,288 1.245,724 1,549.178 837,795 8.406 13451 908.351 1,397,258 848,076 7.556 2,500 Total Income 3,3(KJ,640 340,118 3,640,758 3,163,741 Expendlture on: Raising funds Charitable activitie5 1.588.648 1,822,160 226.458 65,153 1.815,106 1,887,313 1,109,184 2,748,125 Total empendlture 3,410,808 291,611 3,702.419 3,857,309 Net 8ainslllossesl on investments 13 3,734 3,734 63,585 Net Income/leMpèndlturel IIC6.4341 48.507 157.9271 1629,9831 Transfers between funds 29.474 29.474 145.8701 Net movement In lunds io 1106.4341 77.981 128.4531 1675.8531 Reconclllatlon of funds: Fund balances at l April 2024 340.502 580,635 921,137 1,596,990 Fund balantes at 31 Marth 2025 234.068 658.616 892,684 921.137 The statement of financial activities include5 all Bains and losses reco8ni5ed in the year. All income and expenditure derive from continuing activities. 13- LIFE 2009 ATEMENT OF FINANCIAL AC￿V￿lEs ICOTrtrtNUEDI INCLUDING INCOME AND EXPENDITURE ACCOUP FOR THE YEAR ENDED 31 MARCII 2025 Prior financial Year Unrestricted funds Restricted funds Total 2024 2024 2024 Notes Income and endowments from: Donations and legacies Charitable activitie5 Other tradin8 activities Investments Other income 854.429 1,153.867 848.076 7.556 2.SC(I 53.922 243.391 908.351 1,397,258 848,076 7.556 2,500 Total Income 2,866,428 297,313 3,163,741 Expendlture on: Raising funds Charitable activitie5 1.102.072 2,422,552 7.112 325,573 1,109,184 2,748,125 Total empendlture 3,524,624 332.685 3,857,309 Net 8ainslllossesl on investments 13 63,585 63,585 Net Income IS94.6111 135.3721 1629,9831 Transfers between funds 145.8701 145.8701 Net movement In lunds io 1594.6111 181.2421 1675.8531 Reconclllatlon of funds: Fund balances at l April 2023 935,113 661.877 1,596,990 Fund balantes at 31 Marth 2024 340.502 580,635 921.137 14_ LIFE 2009 BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Flxed assets Tangible assets Investments 15 33.177 149,025 42.748 145,292 16 182,202 188,040 Current assets Debtor5 Cash at bank and in hand 17 259.697 672,717 324.737 684,357 932,414 1,009,094 Cmdltots: amounts falllnz due wlthSn one year 18 1221.9321 1275,9971 Net current assets 710.482 733.097 Total assets less current Ilabllltles 892.684 921,137 Net assets excludln8 penslon Ilablllty 892,684 921,137 The fund5 Of the charlty Restricted Income funds Unrestricted funds 19 658.616 234,068 580,635 340,502 892,684 921,137 The company 15 entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, lor the year ended 31 March 2025, althou8h an audit has been carried out under section 144 01 the Charitie5 Act 2011. The directors acknowledge their responsibilities for tomplying with the reqU1￿ments of the Companies Act 2006 with respeci to accounting records and the prep3ration of financial statements. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006. for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies re8ime. 15- LIFE 2009 BALANCE SHEET{co￿nNUED) ASAT31 MARCH 2025 The financial statements were approved by the trustees on 30 January 2026 Mr M Folev Trustee Company registration number 06786752 IEn8land and Wales) 16- LIFE 2009 ATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notss Cash flows from operatlng actlvStSes Cash absorbed by operations 25 14.0551 1696.0991 InvestSn8 actlvltles Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Investment incorne received 115,9911 115,8411 237.500 7.556 8.406 Net tash Iu5ed Inl/generzted from Invèstlng actlvltles 17.5851 229.215 Flnanclng actlvltSÈs Repayment of bank loans 130,4621 Net Cash used In f5nancln8 artl¥ltles 130,4621 Net decrease In cash and ush equlvalents 111,6401 1497,3461 Cash and cash equivalenis at beginning of year 684.357 1,181.703 Cash and cash equlvalents at ènd of ￿ar 672.717 684.357 17_ LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 MARCH 2025 Accountln8 pollcles Charlty Informatlon Life 2009 is a private company limited by guarantee incorporated in England and Wales. The registered office Is. 4 Jephson Court. Tantred Close. Leamington Spa. Warwickshire. CV313RZ. England. 1.1 Attountln8 conventlon The financial statements have been prepared in accordance with the charity's Igoverning documentl. the Comparnies Att 2006. FRS 102 -The Financial Reporting Standard applicable in the UK and Republic of Ireland" I-FRS 102-1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their atcounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial 5tatement5 are prepared in sterling, which 15 the functional currency of the charity. Monetary amounts in these financial staternents are rounded to the nearest £. The financial statements have been prepared under the histoflcal cost convention. The prineipal accounting policies adopted are set out below. 1.2 Goln8 concern At the time of approving the flnancial statements. the trustees have a reasonable expectatlon that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparin8 the financlal statements. 1.3 Charltable fund5 Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable oblectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital mvst be maintained by the charitv. 1.4 Income Income is recognised when the charity is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. vnless performance conditions require deferral of the amount. Incorne tax recoverable in relation to donations received under Gift Aid or deeds ol covenant is reco8nised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount 15 known, and receipl is expected. If the amount is not known, the legacy is treated as a contingent asset. 18- LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinuedl 1.5 Expendlture Expenditure is recognised once there is a le8al or constructive obli8ation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be rneasured reliably. Expenditure 15 classified by activity. The c05t5 of each activity are made up of the total of direct costs and shared Costs. including support Costs involved in undertaking each activity. Direct COSts attributable to a single activity are allocated directly to that activity- Shared costs which tontribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use ol resources. Ceniral staff costs are allocaied on the basis ol time spent, and depreclatlon charges are allocated on the portion of the asset's use. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequenily measured at tost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so a5 to write off the c05t or valuation of assets less their residual values over their useful lives on the followin8 bases.. Fixture5 and fittin8S Computers 2 or 3 years slrai8ht line basis 3 years straight line basis The 8ain or 105s ari5in8 on the disposal ol an asset Is determined as the difference between the sale proceeds and the carryin8 value of the asset, and 15 recognised in the statement of financial activities. 1.7 FIMed asset Imiestmènts Fixed asset investments are initially measured at transaction price excludin8 transaction c05ts, and are subsequently measured at fair value at each reportin8 date. Changes in lair value are reco8nised in net income/lexpenditurel lor the year. Transadion costs are expensed as incurred. 1.8 Impairment of fixed assets At each reporting end date. the charity review5 the carrying amounts of its tangible assets to deterrnine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable arnount of the a55el 15 estimated in order to determine the extent of the impairment 1.9 Cash and tash equivalents Cash and cash equivalents include cash in hand. deposit5 held at call with banks. other 5hort-term liquid investments with original maluritie5 of three fflonth5 01 le55. and bank overdrafts. 8ank overdrafts are shown within borrowing5 in current liabilities. 19- LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinuedl 1.10 Flnanclal Instruments The charity h35 elected to apply the provisions of Section 11 'Ba5ic Financial Instruments, and Section 12 'Other Financial Instrument5 15sues' of FRS 102 tts all of ils financial in5trument5. Financial instruments are recognised in the charity's balance sheet when the thaiity becomes party to the contractual provisions of the instrument. Flnancial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set oll the recognised amounts and there is an intention to settle on net basis or to realise the asset and settle the liability simultaneouslv. BuskAlnonclulassets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price includin8 transaction costs and are subsequently carried at amortised c05t usin8 the effective interest method unless the arrangement constitutes a financin8 transaction. where the transaction is measured at the present value of ihe future receipts discounted al a market rate of interest. Financial assets ¢lassified as re¢eivable within one year are noi amortised. BaskAlnanclal Ilubllltles Basic financial Iiabililies. including creditors and bank loans are initially recognised at transaction prlce unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay lor goods or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are reco8nised initially at transaction price and subsequently measured at arnort15ed cost usin8 the effective interest method. Derecogftition offinoncitil liobilities Financial liabilities are derecognised when the th3riWs contraetual obligations expire or ère distharged or cantelled. 1.11 Employee beneffts The c05t of any unused holiday entitlement is retognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. -20- LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 Crltlcal accountln8 estlmates and Jud8ements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual result5 may differ from these estirnates. The e5timate5 and underlying 35sumptions are reviewed on an ongoing ba515. Revisions to accounting estimate5 are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. Income from donatlons and legacles Unrestrlrted Rèstrlrted fund5 fund5 2025 2025 Total Unrestrlcted Restrlcted fund5 funds 2024 2024 Total 2025 2014 Donatlons and gifts Legacies re¢eivable Grants and other income Other 451,774 509.456 40,354 115.310 34,584 1,219 93,027 486,358 510.675 133,381 115.310 539.994 158.362 54,971 101,102 31,929 571,923 158.362 76,964 101.102 21,993 1.116.894 128.830 1.245.724 854.429 53,922 908.351 Income from charltable artivltles Unrestrfcted Restrlcted funds funds 2025 2025 Total un￿StrICted RestrScted funds fund5 2024 2024 Total 2025 2024 Income from charitable artivities Services provided under contract 1,267,235 70,655 202,980 1,470,215 8,308 78.963 1,145,541 8.326 239,790 1,385,331 3.601 11,927 Other income 1,337,890 211,288 1,549.178 1,153,867 243,391 1,397,258 21 LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 Income from other tradln8 actlvltles Unrestrlcted Unrestrlcted funds funds 2025 2024 Shop income 837,795 848,C176 Income from Investments Unrestrlcted Unrestrlcted funds fund5 2025 2024 Income from listed investments Interest receivable 7,925 7,556 8.406 7.556 Other Income Unrestrlrted Unrestrl¢ted funds funds 2025 2024 Net Ilossllgain on disposal of tangible fixed assets 13451 2.500 -22_ LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on ralsln8 fubKIs Unrestricted Restricted funds funds 2025 2025 Total Un￿strICted Restricted funds funds 2024 2024 Total 2025 2024 Fundralslng and publlcSty Advertising Other fundraising costs 71.578 2,743 71.578 2,743 9.949 53,498 4,617 2,495 14.566 55,993 74,321 74,321 63,447 7,112 70,559 Tradlng tosts Other trading activitie5 Depreciation and Impalrment 1,503,510 226,458 1,729,968 1,025,811 1,025,811 10.817 10.817 12.814 12,814 1,514,327 226,458 1,740,785 1,038.62S 1,038,625 Total costs 1,588,648 226,458 1,815,106 1,102,072 7,112 1,109,184 -23- LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charltable a¢tl¥ltSes 2025 2024 Dlrect costs Depreciation and impairment Life HQ, Care Centres & Houses Repairs, renewals & household Postage stationery & adverts Miscellaneous expenses Trainin8 meetings and travel Staff Costs 14,174 5,107 67.729 33,416 403.384 32,460 704.600 16,834 8,128 221.154 53,082 882.747 180,084 853.439 1,260,870 2.215,468 Share of support and governance costs (see note I Support Governance 620,443 515,656 17,001 1,887,313 2,748,125 Analysls by fund Unrestricted funds Restricted funds 1.822.160 65,153 2,422.552 325,573 1,887,313 2,748,125 10 Net movement In funds 2025 2024 The net movement in fund5 IS stated after char8in811creditin81= Depreciation of owned tangible fixed assets Loss/lprofitl on disposal of tangible fixed assets 25,278 345 29,648 12,5001 11 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. -24_ LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 12 Employees The avera8e monthly number of employee5 during the year wa5= 2025 Nurnber 2024 Nurnbèr 77 84 Ernployee benefit obllgztlons Life 2009 operates 3 defined contributions pension scheme. The tost of the tontributions to the pension scheme amounted to £46.62312024.. £53.8491. At 31 March 2025 the outstanding amount was £12.249 12024..£10,8911. The number of employees whose annual remuneration was more than £60,￿0 is as follows- 2025 Number 2024 Nurnber £70,CQI - £80,OCQ 13 Galn5 and105ses on Investments Unrestrlcted Unrestr5cted funds funds 2025 2024 Gain5lllossesl arisin8 on.. Revaluation of investments 3,734 63,585 14 Taxatlon The charity 15 exempt from taxation on its activities because all its income is applied for charitable purposes. -25- LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 IS Tan8lble flxed assets Flxtures flitln Camputers Total Cost At l April 2024 Additions Disposals 317,121 4.490 278,224 595,345 11,501 15,991 1158.9861 1158,9861 At 31 March 2025 321,611 130.739 452.350 DeprÈclatlon and Impalmient At l April 2024 Depretiation charged in the year Eliminated in respect of disposals 297,625 ii.ios 254,911 552,536 14.173 25.278 1158,6411 1158,6411 At 31 March 2025 308,730 110.443 419,173 Carrylng arnounl At 31 March 2025 12,881 20,296 33,177 At 31 March 2024 19,496 23,252 42,748 16 Flxed asset Imiestments Llsted Investments C05t or valuatlon At l April 2024 Valuation chan8e5 145.292 3,733 At 31 March 2025 149,025 Carrying arnount At 31 March 2025 149,025 At 31 March 2024 145,292 -26- LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 17 Debtors 2025 2024 Amounts fallln8 due wlthln one year: Other debtors Prepayments and acciued intome 153.739 105,958 198,051 126.686 259.697 324,737 18 Crèdltors: amounts fallln8 duè wlthln one yèar 202$ 2024 Other taxatlon and soclal seturitv Other creditors Accruals and deferred income 29.550 162,335 30,047 26,265 229,147 20,585 221,932 275,997 19 Restrfrtèd funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At l Aprll 2024 Incomlng re50urce5 Resource5 expended Tran5fer5 At 31 March 2025 Supporting People- NIHE Avie's Helping Hand Housing National Lottery Other 81.564 181.5641 1241 1178.1541 131,8691 6,271 574.364 6,247 600.175 11.9411 54.135 174.491 29.928 54,135 29.474 580,635 340,118 1291,6111 29,474 658,616 -27_ LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 19 Re5trirted funds Icontinuedl Prevlous Yèar- At l July 2022 Incomlng Resources expended Transfers At 31 MaKh 2024 Avie's Helping Hand LIFE Housing 6.271 655,606 6.271 574,364 297,313 1332.6851 145,8701 661,877 297,313 1332,6851 145,8701 580,635 20 Unrestrfcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and 8rantors as to how they may be used. These include desi8n3ted funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l Aprll 2024 Intomlng rèsourtès Rèsourtès èxptndtd GaSns and At 31 Marth lossès 2025 General funds 340.502 3,3(￿.640 13,410.8081 3.734 234.068 Prevlous Year; At l July 2022 Incomln8 resources Resources expended Galns and At 31 March 1055es 2024 General funds 935,113 2,866,428 13,524,6241 63,585 340,502 21 Analysls of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Investments Current assetsllliabilitiesl 33.177 149,025 51.866 33.177 149,025 710,482 658.616 234.068 658.616 892.684 -28- LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 21 Analysis of net assets between funds Icontinuedl Unrestrlrted funds 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024: Tangible assets Investments Current assetsllliabilitiesl 42.748 145.292 152.462 42,748 145.292 733,097 580,635 340,502 580,635 921,137 22 Capltal comrnltrnents There were no capital commitments at the year end. 23 Rèlatèd party transartlons The key management personnel ol the charity comprise the Trustees, the Chief Executive Officers, Dlrectors of Flnance. Director of marketlng and communication. and Director of Houslng. There were no other transactions or outstanding balances with related parties as at 31 March 2025. Statu5 of the Charlty Life 21XB is a tompany limited by guarantee havin8 no sharè capital. -29- LIFE 2009 NOTES TO THE FINANCIAL STATEMEpirs IcoNriNUEDI FOR THE YEAR ENDED 31 MARCH 2025 2S Cash generated from operatlons 2025 2024 Deficit for the year 128.4531 1675.8531 Adjustments for.. Investment income recognised in statement of financial activities Lossllgainl on disposal of tan8ible fixed assets Fair value gain5 and losses on inve5tment5 Depreciation and impairment of tangible fixed assets 18,4061 345 13.7331 24,991 17,5561 12,5001 163.5851 29,648 Movements in working capital.. Decrease/lincreasel in debtors IDecreasel/increase in creditor5 65.040 154,1271 149.6871 73,434 Cash absort)ed by operatlons 14,3431 1696,0991 Difference 288 Per cash flow statement pa8e 14,0551 1696,0991 26 Analysls of changes In net lunds The charity had no material debt during the year. Life Unit 4 Tancred Close Leamington Spa CV31 3RZ t: 01926 312272 e: info@lifecharity.org.uk w: lifecharity.org.uk ## **TC Group Limited** Celixir House, Stratford Business and Technology Park, Banbury Road, Stratford Upon Avon, CV37 7GZ Dear Sirs ## **LIFE 2009** The following representations are made on the basis of enquiries of management and staff with relevant knowledge and ended 31 March 2025. These enquiries have included inspection of supporting documentation where appropriate. All representations are made to the best of our knowledge and belief. ## **GENERAL** 1. We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement letter dated 16 July 2025 under the Companies Act 2006, for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you. 2. All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. 3. All the accounting records have been made available to you for the purpose of your audit. We have provided you with unrestricted access to all appropriate persons within the charity. All other records and related information, including minutes of all management and shareholder meetings, have been made available to you. 4. The financial statements are free of material misstatements, including omissions. 5. The effects of uncorrected misstatements as set out in the appendix to this letter are immaterial both individually and in total. ## INTERNAL CONTROL AND FRAUD 6. We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud. 7. There were and are no instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements. 8. current or former employees, analysts, regulators or others. ## ASSETS AND LIABILITIES 9. those that are disclosed in the notes to the financial statements. 10. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate. 11. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements. Life 2009, Unit 4, Tancred Close, Leamington Spa, CV31 3RZ. Registered Charity No (England and Wales): 1128355, (Scotland): SC041329. Company No: 06786752. ## ACCOUNTING ESTIMATES 12. Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. - Loans and arrangements 13. We confirm that the company has at no time during the period entered into any arrangement, transaction or agreement to provide credit facilities (including loans, quasi loans or credit transactions) for directors, nor to guarantee or provide security for such matters, except as disclosed in the financial statements. ## LEGAL CLAIMS 14. There were and are no claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements. ## LawS and regulations 15. There were no known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements. ## related parties 16. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with the requirements of company law or accounting standards. ## SUBSEQUENt events 17. There have been no events subsequent to the date of the financial statements which require adjustment or disclosure. ## Going concern 18. - of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to ## Sanction compliance 19. We confirm that we have reviewed the UK Sanctions list (https://www.gov.uk/government/publications/the-uksanctions-list) and confirm that to our knowledge the [company /charity / limited liability partnership] has not had any transactions with any entity connected to those listed. We confirm we have complied with the requirements of the UK sanctions regime throughout the financial year and subsequently. We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that so far as we are aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware. Each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that you are aware of that information. ## Yours faithfully .............................................................................................................................. Signed on behalf of the board of directors ## Date Life 2009, Unit 4, Tancred Close, Leamington Spa, CV31 3RZ. Registered Charity No (England and Wales): 1128355, (Scotland): SC041329. Company No: 06786752. Celixir House Stratford Business & Technology Park Innovation Way Banbury Road Stratford-upon-Avon CV37 7GZ **T.** 01789 299076 **www.tc-group.com** Our Ref.: IiClientCode>)/(IDocumenlld In making our recommendations. we have considered the size of your company and the number of staff you employ. We have no matters to report to management in relation to the company's accounting or internal financial controls systems. Other matters required by auditing 5tandard5 to be communicated APB Ethical Standard I "Integrity, Objectivrty and Independence- and ISA 260 require5 US to communicate with you on a timety basis on all signifi.cant facts and matters that bear upon our independence and objectivity. The aim of these communication5 15 to ensure full and fair disclosure by u5 to those charged WTth governance on matters in which you have an interest. We have communicated to you the fact that we provide accounting and taxation services to the Company in addition to acting as auditors. We do not perform any non-audit services for the company. We are not aware of any other relationships between TC Murphy Salisbury and the Company that. in our professional judgmenl, may reasonably be thought to bear on our independence or the objectivity of the audit engagement team. We confirm that in our professional judgment. the Firm is independent within the meaning of regulatory and professional requirements and the objectivity of the audit engagement partner and audit staff has not been compromised. We consider that our independence in this context is a matter that should be reviewed by both you and ourselves. It is therefore important that you consider the facts of which you are aware and come to a view. Should you have any specific matters that you wish to discus5, please contact us. Other matters relatlng to the audlt There are no other matters to communicate to you. This letter has been p￿pa￿d for your prNate use. It should not be disclosed to a third party without our written consent, nor will we accept any respon5ibilily who150ever in respect of its content5 to any other per50n. May we take thls opportunity of thanking you and your stsff for their assistance and cooperation durin8 the conduct of our audit. If we can be of any further assistance, please contacl Mark Bulbck IRI assignedl. Yours faithfully TC Group 212