4 LIFE CHARITY SCOTTISH CHARITY No. 047366 ANNUAL REPORT AND ACCOUNTS YEAR ENDED41bMAY 2022 coNrENTS i. Trnst Particulars 2.Trustees Report 3. Independant Examiners Report 4. Receipts and payments Account 5. Balance Sheet 6. Notes to account 4 LIFE CHARITY TRUST PARTICULARS YEAR T04thMAY 2022 Seottish Charity Number SCo47366 Addresss website WWW.41ifecharity.org Trustees Bankers Cl>'desdale Bank Ple 21 Kilmarnock Road Shawlands Glasgow G41 3EY Independent Examiner Page A 4 LIFE CHARITY REPORT TRUSTEES ANNUAL REPORT YEAR TO 4th MAY 2022 Administration and Constitutlon The Charity was established in 2017 and is governed by its constitution whieh sets forth the basis of membeTship and operations. 4 Life ChaTIty IS Tecognised as a charity in Scotland under reference SCo47366 and as a result there is no liability to taxatRon on any of its income. Objects The general purpose of the charity is to provide help and support to children in Scotland, in other parts of the UK and also Overseas. through the PTevention OT relief of poverty, the advancement of health and the advancement of education. Review of Activities, Achievments and Fulure Plans The Charity has not achieved its initial goals due to a lack of funds and time management . This will be discussed and plY&n of action put into place. Financial Review The financial position of the charity is as disclosed in the annual accounts which follow this report. Reserves Pollcy The expenditure of the charity 15 met by donations received. Any surplus of income over expenditure is added to reserves carried forward for future activities. The reserves at the end of the accounting period are not sufficient to fund significant PTojects and the trustees are taking steps to souree funding in order for the objects of the charity might be achieved in the future. Risk Management The trustees have assessed the major risks to which the association is exposed, in particular those Telated to the operations and finances of the charity and aTe satisfied that systems are in place to mitigate their exposure to major risks. On behalf of the Trustees Trustee 16 January 202 3 The trust particulars on page i form part of thi5 Trustees report Page 2 4 LIFE CHARITY INDEPENDENT EXAMINER'S REPORT YEAR TO 4th MAY 2022 Independent Examiners's Report to the Trustees of 4 Life Charity I rry(prl vKi ili¥ fiJiaiiLial ?ilal¥iiicJilii vf ilic Lliarily fvr ilic yrur 4ili May 202 2 which are set out on pages 4 to 6. Respective responsibilities of Trustees and Examiners The eharity's trustees are responsible for the preparation of the accounts in accordance with the terms of The Charities and Trustee Investment ( Seotland ) Aet 2005 ("the 2005 act") and the Charities Accounts (Scotland) Regulations 2006 (as amended)("the 2006 regulations"). The charityys trustees consider that the audit requirement of Regulation io(i)(d) of the 2006 Regulations does not apply. It is my responsibilty to examine the account5 a5 required under section 44 (A)(c)of the 2005 Act and to state whether particular matters have come to my attention. Basis of Independent Examiner's Statement My examination is carried out in accordance Regulation li of the 2006 Regulations. An examination includes a re￿eW of the accounting records kept by the charity and comparison of the accounts presented with those records. It also include5 consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The PTocedures undertaken do not provide all the e￿dence that would be required in an audit and consequently* I do not expres5 an audit opinion on the view given by the accounts. Independent Examiner's Statement In the course of my examination the matter noted below has come to my attention; i. in relation to the requirements- to keep proper accounting records in accordance with seclion 44(1)(a) of The Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts ( Scotland ) Regulations and - to prepare accounts whieh accord with the accounting records and comply Regulation 9 of the Charities Account (Scotland) Regulations 2006 The Aeeounting reeords kept eould be more robust and steps should be taken to improve these records. Verifiable procedures should be put in place for claiming expenses froni the charity. Future planning has been suspended due to Covid 19 pandemic. 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the aceounts to be reY&ehed il) January Page 3 4 LIFE CHAIUTY RECEIvfs AND PAyME￿rS AccouNr YEAR TO 4th MAY 2022 Nole 2022 2021 RECEiYrs GIFTS AND DONATIONS Unreslri¢trd donations Earn]arked donaltons Income lax recol'erablc INCOME FROM ACTIVITIES INVESTMENT tNCOME OTIIER INCOMING RESOURCES loa Ino Fundraisin8 income TOTAL RECEIPTS loo loo PAYMENTS CHARII'ABLE ACTIVITIES Activilies in pursuit of aims OPERATtNG COSTS Adminisiration expenses Travel exp¢nses OTIIER P.XPENSES Fundraising expenses Charitsblc grants GOVERNAN'CE COS"I'S Independent Examiners f¢e Aoo loo TOTAL PA YMENTS loo loo SUKPLL'S I DEFICIT FOR YEAR The notes on Page 6 form an integral part of these aecounts Page 4 4 LIFE CHARITY STATEMEiwf OF BALANCES AS AT 4th MAY 2022 2022 2021 io io FUNDS RECONCIUATION GENERAL FUND Cash at bank and in hand 4th May 2021 SuTplus I deficit Ao io Cash at bank and in hand 4th May 2022 AO io TRUSTEE STATEMENT On behalf of the board we approi'e and confirTll tht aboj'e detailed pasrynents lo account for the year to 4th May2022 and CODfirni the stalement of balances al the end of the accounting period. Slgned on A6 January 2023 on behalf of the trustees by: Trustee Page 5 4 LIFE CHARITY NOTES TO THE AccouKrs YEAR TO 4th MAY 2022 I. BASIS OF ACCOU￿rING The account$ have been prepared in accordance with the Charities and Trustee Investment I Scotland ) Act 2005 and the Charities Accounts ( Scotland ) Regulations 2006 ( as amended ) 2. NATURE AND PURPOSE OF FUNDS The general fund is unrestricted and is held for the ongoing aims and activities of the charity. There are no funds held by the trustees which are deemed to be restricted 3. RELATED PARTY TRANSACTIONS No Trustees or any connected persons received any remvneration dvring the year OT reclaimed any out of pocket expenses (2021.4th May 2022 nil) 4. CAPITAL COMMITMEKrs There weTe no Capital commitments, Contracted or authorised but not contracted at 4th May 2022 (2021-nil ) 5. CHARITABLE GRANTS During the year the charity made grants to other organisations with similar objectives as follows, 2022 2021 No grants made in year Page 6