| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| CHANGING LIVES TOGETHER |
| REPORT OF THE TRUSTEES AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| CHANGING LIVES TOGETHER |
| REPORT OF THE TRUSTEES AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| CHANGING LIVES TOGETHER |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Report of the Trustees | 1 | to | 6 |
| Report of the Independent Auditors | 7 | to | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Cash Flow Statement | 12 |
| Notes to the Cash Flow Statement | 13 |
| Notes to the Financial Statements | 14 | to | 27 |
| CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting 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 (FRS 102) (effective 1 January 2019). |
| OBJECTIVES AND ACTIVITIES |
| Overview |
| We are a social enterprise committed to delivering a creative and meaningful environmental, social and community impact and to making a difference to the people of Cheshire. Structured as a charitable company, we aim to be financially sustainable through enterprise but our social impacts are at the core of what we do. |
| We work extensively within our community to support people through a variety of work, training and volunteering programmes. One of our core values is that we support people in a way that maintains their personal dignity. |
| Our mission is to create a better life for local people and improve their environment and wellbeing. |
| Operational and retail |
| Affordable furniture, paint and appliances |
| Our warehouse team continued throughout the year to help the environment by collecting domestic Bulky Waste to reuse and recycle items that would otherwise be sent to landfill or other waste destinations. We work with our membership organisation, the Reuse Network, in providing take-back schemes for a number of national retailers where we help reduce waste as well as bringing damaged and orphan items back in to use. These activities of repair and up-cycling provide work placement opportunities for the individuals we support. This saved consumers over £150,000 in buying preloved instead of new. |
| Emergency assistance |
| We operate contracts with local authorities and housing associations to provide their welfare assistance schemes. We supply starter packs, furniture and white goods to hundreds of people and families in need every year. These schemes ensure those in need gain access to essential household items and receive an efficient delivery and installation process. In 2024, we supported over 1,000 families. |
| During 2024 we saw a sharp drop in sales volume through the scheme as local authorities reset budgets from April, the uncertainty of the general election in July also saw a reduction in spend which presented us with a difficult scenario as we could not significantly reduce costs due to long term vehicle leases and the expectation that spend would increase by the LA’s, once the period of uncertainty passed, this has proved to be the case with sales numbers resuming a level of normality from September 2024. |
| Bulky waste |
| We are proud to support Cheshire West Recycling Limited and Warrington Borough Council in collecting bulky domestic waste - and we repair, reuse and recycle as much as we can, last year we collected nearly 8,000 products, reusing or recycling 49%. |
| Community support |
| Our Buddying and Befriending scheme had been successful in securing grants from The National Lottery Community Fund and others. This has enabled us to continue our great work helping those who are over 50 living across Cheshire West and Cheshire East and are experiencing loneliness and social isolation. The service delivered over 300 matches between volunteers and clients in 2024 and led to us establishing community groups under the Warm Welcome brand to support those who are socially isolated and enable them to meet others in a community-based environment, this has led to over 150 people meeting each week taking part in group activities and making new friends. |
| Throughout the year our Family Support team continued their exceptional work in their school placements to help improve attendance, behaviour and achievement. They focus on early intervention, helping parents to develop the necessary coping skills and access a broad range of services. If our team is unable to assist, they will put families in touch with somebody who can and arrange introductions. In 2024 over 63 families were directly supported by our in-school teams. |
| CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| The Very Green Grocery |
| Since starting out in 2020, the community groceries have gone from strength to strength in its provision and distribution of surplus food across Cheshire West. Utilising two vehicles we are collecting thousands of tonnes of surplus food across Cheshire, last year alone we calculate over 21,000 individual shops took place saving customers approximately £354,000 in food costs and reducing carbon emissions by 894 tonnes by saving food intended for landfill. |
| We are now serving an average of 100 shoppers per session, 3 times a week across our two sites in Northwich and Winsford. Our shoppers pay a donation of £6 to receive goods worth considerably more, thus helping them stretch their budgets whilst reducing food waste. With the cost-of-living crisis this service has seen a huge increase in demand, and we are working hard with our partners to secure food for the whole community. |
| The other part of the work at the groceries is the bringing together of volunteering opportunities. From warehousing, distribution, box projects, shop support, café service, gardening projects and building maintenance there is something for everyone. We have seen over 300 hundred volunteers who support the two groceries. Each one of our volunteers has been passionate about supporting their community and without their help and assistance these outcomes would be impossible. |
| Our Community Cafés offer low-cost hot and cold food, the sites now function fully as a community centre open for use by partners and community groups. |
| Northwich has seen a 100% increase, and Winsford has seen a 50% footfall increase in residents using the service and the community centre is being used by other community projects including a Baby Bank. |
| Community transport |
| We operate our community transport minibus services (Yourbus), which are contracted by Cheshire West and Chester Council (CWaC). The services we provide are Home to School, Adult Social Care, Dial A Ride and other contracts as required. These services provide, either free or subsidised access to schools, care centres, the high street, leisure and other services for members of the community who might otherwise miss out. |
| With over 19,000 trips, the team transported over 10,000 passengers in 2024. |
| We are currently working closely with CWaC to understand how we can further improve this service for local residents and the wider community pending a tender in 2026.We have invested considerable time in grant applications for vehicles to further grow this service particularly around the need for more Dial a Ride services. |
| Reuse Warehouse |
| We have continued to invest in our main retail site to ensure the customer experience is like that of any other quality pre-used homewares retailer, thereby protecting dignity of shoppers. Our brands including "Off to a Good Home", "Planet Paint", "Recycles" give us the chance to move these offerings into smaller retail premises with a sub brand going forward. |
| We also sourced grant support to invest in a new wood burner on site, turning waste into heat and installed new speed doors to prevent heat loss at our site. |
| Systems |
| In 2024 we invested in new IT hardware and continued developing systems, to achieve Cyber Essentials accreditation. |
| We continue working with health and safety consultants to ensure our internal processes are efficient and meet our obligations to provide a safe environment for visitors, customers, volunteers and staff. |
| We continue to evolve and measure Social Impact through our bespoke online dashboard, allowing us to measure over 80 key performance metrics, this allows us to demonstrate and improve our impact to the Cheshire community. |
| CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| People |
| Without our dedicated volunteers and staff, our mission would be impossible to achieve. In 2024 the board supported the implementation of the Real Living Wage again. This has allowed us to recognise the dedication and effort given by those working within the organisation and themselves feeling the impact of the cost-of-living crisis. |
| Furthermore, we are focussed on building an open and engaging culture, every other month our CEO holds a Grass Roots meeting with representatives from each area of the charity so everyone can feedback any issues or concerns which may be preventing them from delivering great results. We solve these operational problems quickly based on feedback. |
| Our current objective is to try and remain a Real Living Wage Employer however due to proposed National Insurance contributions by us this may be a challenge in 2025. All employees above this level are reviewed by the Board of Trustees, including management, and an appropriate figure based on economic circumstances and affordability is agreed, based on bench marketing, qualifications and contribution. |
| Costs |
| We have worked hard to renegotiate supplier contracts and eliminate spend wherever possible, consolidating our operation, removing and reducing spend. During a period of high inflation our total outgoings did not increase in the year due to this cost cutting. We remain focussed on watching all spend to ensure monies are directed at helping the community. |
| Management Structure |
| The organisation is operationally led by a CEO reporting into the Board of Trustees. The CEO leads an experienced Head of Department flat hierarchy team listed below. |
| - | CEO |
| - | Head of Retail and Grocery |
| - | Head of Development |
| - | Head of Community Support |
| - | Head of Community Transport |
| - | Head of Finance |
| - | Head of HR |
| - | Head of Operations |
| Operational ongoing management is the remit of the leadership team with the CEO presenting progress updates on a weekly basis as well as at our bi-monthly board meetings. Significant strategic decisions are made at the board meetings with the leadership operating to a matrix of authority. Ad hoc exceptional issues will be raised between the CEO and Chair of Trustees as and when required. |
| What was our impact in 2024? |
| - | Our Bulky Waste activity saved over 2,000 tonnes of carbon |
| - | Our Help Scheme delivered over £1m worth of products to people in need |
| - | Our Retail customers saved over £150k on buying reuse instead of new products |
| - | Our Reuse team prepared and refurbished over 1,000 items that would have ended up in landfill |
| - | Our community Groceries supplied over 42,000 bags of shopping |
| - | Our Buddy & Befriending Team matched over 240 lonely residents with a volunteer to prevent social isolation and hosted over 150 residents at Warm Welcome Meetings |
| - | Family Support helped over 63 families last year |
| - | Community Transport totalled over 76,000 miles transporting vulnerable residents in the year |
| Future planning |
| The Board of Trustees hold regular meetings with the CEO to discuss strategy and future planning of Changing Lives Together, to collaborate with stakeholders and ask to become involved in a diverse range of issues affecting the community. All new opportunities would go through a detailed planning process to ensure as a minimum; |
| 1. | Does this comply with our organisation’s articles? |
| 2. | Does this integrate and enhance our social impact? |
| 3. | Can this be financially substantiable? |
| 4. | Is this achievable? |
| CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Any future change is then put into our growth and change strategy document which is discussed at each Strategy Meeting with the Board and Leadership Team. |
| Our key Headline Objectives |
| 1. | Growth which is sustainable |
| 2. | Health and safety and risk management |
| 3. | Cost reduction as appropriate |
| 4. | Internal and external communications |
| 5. | Environmental and social governance |
| 6. | Continuous improvement |
| FINANCIAL REVIEW |
| Financial position |
| Our long-term policy has been to stand on our own feet with sustainable results and without excessive dependence on grant income. We reinvest when we can in our people and we are slowly building our reserves to a normal level for a charity of our size and complexity. |
| Total income in 2024 was £2,444,931 (2023 £2,623,852) and the excess expenditure over income resulted in a deficit of £83,611 (2023 a surplus of £19,563). |
| Investment policy |
| Available funds are transfered to interest bearing bank or building society accounts to maximise returns. |
| Reserves policy |
| The Trustees have agreed that the appropriate level of unrestricted liquid reserves should be sufficient to cover 3 months of routine expenditure i.e. to provide working capital to cover delays in the receipt of payments and grants and to provide a cushion for unexpected emergencies. |
| We have achieved this, our reserves at 31 December 2024 were £421,615. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| Changing Lives Together (charity 1139983 and company 07400060) was incorporated on 7 October 2010 and commenced trading on the same date. The principal governing document is the Articles of Association adopted on 21 March 2019. |
| The objects of the charity are: |
| 1 | The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage, in particular but not exclusively, by the provision of affordable furniture, recycled and reused items and the provision of training, voluntary positions and work expenerience. |
| 2 | The protection and preservation of the physical and natural environment in particular but not exclusively by the promotion of sustainable waste management practices. |
| 3 | To provide transport facilities in particular but not exclusively in Cheshire and the surrounding area for people who have special need of such facilities because they are elderly, poor or disabled, people with young children or those living in isolated areas where there are no adequated public transport facilities. |
| Recruitment and appointment of new trustees |
| We have a written policy for the recruitment and induction of new trustees that gives all candidates a fair chance to see us in action and to deliver efficient support on appointment. |
| Management and governance |
| We continue to develop our Management and Governance structures. |
| CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Risk management |
| The trustees have regard to the Charities Commission guidance on Public Benefit and a robust approach to Risk Management. The trustees monitor risk by ensuring that the identification, assessment and mitigation of risk is linked to the achievement of the charity's operational objectives. |
| The trustee board at each meeting reviews Health and Safety performance, Safeguarding and Management Information (financial and operational) with a review of current and future obligations. The trustee board also reviews the financial impact of risk as part of operational budget planning and monitoring. Full consideration is given to the risks attached to significant new activities or opportunities, as is risk associated with external factors such as new legislation or new requirements from funders. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Auditors |
| Chartered Accountants |
| Statutory Auditors |
| Darland House |
| 44 Winnington Hill |
| Northwich |
| Cheshire |
| CW8 1AU |
| CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Solicitors |
| Browne Jacobson LLP |
| Mowbray House |
| Castle Meadow Road |
| Nottingham |
| NG2 1BJ |
| Bankers |
| Santander UK plc |
| Bridle Road |
| Merseyside |
| L30 4GB |
| STATEMENT OF TRUSTEES' RESPONSIBILITIES |
| The trustees (who are also the directors of Changing Lives Together for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
| Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
| - | select suitable accounting policies and then apply them consistently; |
| - | observe the methods and principles in the Charity SORP; |
| - | make judgements and estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
| The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| In so far as the trustees are aware: |
| - | there is no relevant audit information of which the charitable company's auditors are unaware; and |
| - | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. |
| AUDITORS |
| The auditors, Murray Smith LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| Approved by order of the board of trustees on |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060) |
| Opinion |
| We have audited the financial statements of Changing Lives Together (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| Conclusions relating to going concern |
| In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial 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 information |
| The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this 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. |
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| - | the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| - | the Report of the Trustees has been prepared in accordance with applicable legal requirements. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060) |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the financial statements are not in agreement with the accounting records and returns; or |
| - | certain disclosures of trustees' remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit; or |
| - | the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. |
| Responsibilities of trustees |
| As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of 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 of financial statements that are free from material misstatement, whether due to fraud or error. |
| In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going 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. |
| Our responsibilities for the audit of the financial statements |
| 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 a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
| The audit procedures designed to identify irregularities included: |
| - | Enquiry of management and those charged with governance around actual and potential litigation and claims |
| - | Enquiry of company staff with responsibilities for compliance matters to identify any instances of non-compliance with laws and regulations |
| - | Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations |
| - | Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. |
| There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, intentional misrepresentations or through collusion. |
| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060) |
| Use of our report |
| This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| Chartered Accountants |
| Statutory Auditors |
| 44 Winnington Hill |
| Northwich |
| Cheshire |
| CW8 1AU |
| CHANGING LIVES TOGETHER |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 3 |
| Charitable activities | 6 |
| Other trading activities | 4 |
| Investment income | 5 |
| Other income |
| Total |
| EXPENDITURE ON |
| Raising funds | 7 |
| Charitable activities | 8 |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 505,226 |
| CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 14 |
| CURRENT ASSETS |
| Stocks | 15 |
| Debtors | 16 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 17 | ( |
) | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 18 | ( |
) | ( |
) | ( |
) |
| NET ASSETS |
| FUNDS | 21 |
| Unrestricted funds | 500,226 |
| Restricted funds | 5,000 |
| TOTAL FUNDS | 505,226 |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| CHANGING LIVES TOGETHER |
| CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 1 | (95,839 | ) | (21,854 | ) |
| Interest paid | (4,695 | ) | (6,564 | ) |
| Net cash used in operating activities | (100,534 | ) | (28,418 | ) |
| Cash flows from investing activities |
| Purchase of tangible fixed assets | (23,867 | ) | (104,430 | ) |
| Interest received | 11,291 | 11,040 |
| Net cash used in investing activities | (12,576 | ) | (93,390 | ) |
| Cash flows from financing activities |
| Loan repayments in year | (36,120 | ) | (34,251 | ) |
| Net cash used in financing activities | (36,120 | ) | (34,251 | ) |
| Change in cash and cash equivalents in the reporting period |
(149,230 |
) |
(156,059 |
) |
| Cash and cash equivalents at the beginning of the reporting period |
418,126 |
574,185 |
| Cash and cash equivalents at the end of the reporting period |
268,896 |
418,126 |
| CHANGING LIVES TOGETHER |
| NOTES TO THE CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
| 2024 | 2023 |
| £ | £ |
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) |
(83,611 |
) |
19,563 |
| Adjustments for: |
| Depreciation charges | 18,839 | 6,134 |
| Loss on disposal of fixed assets | 590 | - |
| Interest received | (11,291 | ) | (11,040 | ) |
| Interest paid | 4,695 | 6,564 |
| Decrease in stocks | 9,349 | 2,175 |
| (Increase)/decrease in debtors | (118,867 | ) | 69,198 |
| Increase/(decrease) in creditors | 84,457 | (114,448 | ) |
| Net cash used in operations | (95,839 | ) | (21,854 | ) |
| 2. | ANALYSIS OF CHANGES IN NET FUNDS |
| At 1.1.24 | Cash flow | At 31.12.24 |
| £ | £ | £ |
| Net cash |
| Cash at bank | 418,126 | (149,230 | ) | 268,896 |
| 418,126 | (149,230 | ) | 268,896 |
| Debt |
| Debts falling due within 1 year | (36,120 | ) | (2,041 | ) | (38,161 | ) |
| Debts falling due after 1 year | (53,074 | ) | 38,161 | (14,913 | ) |
| (89,194 | ) | 36,120 | (53,074 | ) |
| Total | 328,932 | (113,110 | ) | 215,822 |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Changing Lives Together is a private company, limited by guarantee, registered in England and Wales. The company's registered number, registered charity number and registered office can be found in the Reference and Administrative Details section of the Trustees' Report. |
| The presentation currency of the financial statements is in Pounds Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting 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 (FRS 102) ( (effective 1 January 2019) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Changing Lives Together meets the definition of a public benefit entity under FRS 102. |
| Going concern |
| The charitable company meets its day to day working capital requirements through its cash resources and available loan facilities. The trustees have reviewed current and forecast activity and cash requirements for a period of at least 12 months from the date of the signing of the financial statements which show, taking into account reasonably possible changes in performance, that the charitable company should be able to operate within its available cash resources. After making enquiries, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. The charitable company therefore continues to adopt the going concern basis in preparing its financial statements. |
| Income |
| The policies adopted for the recognition of income are as follows: |
| Sale of goods |
| Income from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of income can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods. |
| Rendering of services |
| When the outcome of a transaction can be estimated reliably, income is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to a notable milestone. |
| Where the outcome cannot be measured reliably, income is recognised only to the extent of the expenses recognised that are recoverable. |
| Grants |
| Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, and performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Goodwill |
| Goodwill relates to the amount paid in connection with the acquisitions of a business, and is now fully amortised. |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
| Short leasehold | - 10% on cost |
| Plant and machinery | - 20% on cost |
| Fixtures and fittings | - 25% on cost |
| Computer equipment | - 33% on cost |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. Stocks of unsold donated goods are valued only at the cost of bringing the items to their present location as it is not considered practical to estimate the fair value due to their cost being nil and their value is uncertain until sold. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
| Short term debtors and creditors |
| Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
| Cash and cash equivalents |
| Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
| Pension costs and other post-retirement benefits |
| The charitable company makes contribution to employees' pension schemes. Contributions payable are charged to the Statement of Financial Activities in the period to which they relate. |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Loans and borrowings |
| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. |
| 3. | DONATIONS AND LEGACIES |
| 2024 | 2023 |
| £ | £ |
| Donations |
| 4. | OTHER TRADING ACTIVITIES |
| 2024 | 2023 |
| £ | £ |
| Shop income |
| Waste credits, recycling, scrap and waste collection | 372,840 | 355,817 |
| 5. | INVESTMENT INCOME |
| 2024 | 2023 |
| £ | £ |
| Rents received |
| Interest receivable |
| 6. | INCOME FROM CHARITABLE ACTIVITIES |
| 2024 | 2023 |
| Activity | £ | £ |
| Transport | Charitable activities | 482,251 | 449,547 |
| Grants | Charitable activities | 345,752 | 290,985 |
| Grants received, included in the above, are as follows: |
| 2024 | 2023 |
| £ | £ |
| General fund | - | 10,254 |
| Buddying & befriending | 45,603 | 4,480 |
| Family support | 46,525 | 40,149 |
| Kitchen grant | - | 5,000 |
| Love Lostock Cheshire Food hub | - | 555 |
| National lottery community fund | 18,572 | 75,996 |
| Wellbeing | - | 37,487 |
| Winter Box Project | 160,772 | 84,248 |
| VGG Container Rental | 2,559 | 2,746 |
| Dust Extraction Unit | - | 938 |
| VGG Food and Collection | 5,613 | 10,000 |
| Period Poverty Fund | - | 250 |
| Mental Health Grant | 3,000 | 18,882 |
| Carried forward | 282,644 | 290,985 |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 6. | INCOME FROM CHARITABLE ACTIVITIES - continued |
| 2024 | 2023 |
| £ | £ |
| Brought forward | 282,644 | 290,985 |
| Flourish fund | 1,000 | - |
| Moulding foundation | 1,100 | - |
| Wood Burner | 5,460 | - |
| Re-Cycle Project | 4,000 | - |
| General restricted fund | 6,453 | - |
| 300,657 | 290,985 |
| 7. | RAISING FUNDS |
| Other trading activities |
| 2024 | 2023 |
| £ | £ |
| Opening stock |
| Purchases |
| Closing stock | ( |
) | ( |
) |
| Staff costs | 531,644 | 503,262 |
| Hire of plant and machinery | 30,037 | 23,983 |
| Licensing | 7,268 | 5,076 |
| Vehicle hire | 83,313 | 84,788 |
| Motor expenses | 36,518 | 52,682 |
| Other direct costs | 148,573 | 90,238 |
| 1,283,615 | 1,422,460 |
| 8. | CHARITABLE ACTIVITIES COSTS |
| Support |
| Direct | costs (see |
| Costs | note 9) | Totals |
| £ | £ | £ |
| Charitable activities | 1,183,564 | 61,363 | 1,244,927 |
| 9. | SUPPORT COSTS |
| Governance |
| Finance | costs | Totals |
| £ | £ | £ |
| Charitable activities | 4,942 | 56,421 | 61,363 |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 10. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2024 | 2023 |
| £ | £ |
| Auditors' remuneration - current year | 8,916 | 8,670 |
| Auditors' remuneration - assurance services | 999 | 972 |
| Depreciation - owned assets |
| Hire of plant and machinery | 30,037 | 23,983 |
| Other operating leases | 48,964 | 62,044 |
| Deficit on disposal of fixed assets |
| 11. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| 12. | STAFF COSTS |
| 2024 | 2023 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| 1,362,345 | 1,321,214 |
| The average monthly number of employees during the year was as follows: |
| 2024 | 2023 |
| Management team | 7 | 5 |
| Warehouse/reuse | 25 | 28 |
| Administrative | 6 | 6 |
| Retail | 4 | 4 |
| Community hubs | 6 | 6 |
| Community engagement | 6 | 9 |
| Community transport | 22 | 18 |
| The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: |
| 2024 | 2023 |
| £70,001 - £80,000 |
| £80,001 - £90,000 |
| 1 | 1 |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | STAFF COSTS - continued |
| Total emoluments for key management personnel totalled £258,387 (2023: £264,755). |
| 13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | funds | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Other trading activities |
| Investment income |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 470,803 | 14,860 |
| TOTAL FUNDS CARRIED FORWARD | 500,226 | 5,000 | 505,226 |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 14. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and | Computer |
| leasehold | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 15. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Stocks |
| 16. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other loans (see note 19) |
| Trade creditors |
| Social security and other taxes |
| VAT | 9,554 | 21,178 |
| Other creditors |
| Deposits held on account | 18,465 | 17,850 |
| Accruals and deferred income |
| 2024 | 2023 |
| £ | £ |
| Deferred income at 31 December 2023 | 49,978 | 82,266 |
| Released from previous years | (47,471 | ) | (82,266 | ) |
| Income deferred in the year | 113,877 | 49,978 |
| Deferred income at 31 December 2024 | 116,384 | 49,978 |
| At the balance sheet date the Charity was holding the following income received in advance: |
| 2024 | 2023 |
| £ | £ |
| CWaC Furniture Scheme | 18,465 | 17,850 |
| RWT Main Grant | - | 8,499 |
| CCG Mental Health B&B | - | 2,503 |
| B&B Main Grant Lottery | - | 18,571 |
| Earl of Chester funding | 4,500 | - |
| Cheshire East - The Flourish Fund BB | 9,000 | - |
| Moulding Foundation | 38,900 | - |
| Morrisons Foundation | 8,046 | - |
| Family Support Invoicing | 13,379 | - |
| Tarporley War Memorial Hospital Dementia Support | 8,663 | - |
| Cheshire East Cost of Living - VGG Crewe | 10,000 | - |
| John Lewis Partnership | 1,650 | - |
| All other small grants | 3,781 | 2,555 |
| 116,384 | 49,978 |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 18. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other loans (see note 19) | 53,074 |
| 19. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year on demand: |
| Other loans | 38,161 | 36,120 |
| Amounts falling between one and two years: |
| Other loans - 1-2 years |
| Amounts falling due between two and five years: |
| Other loans - 2-5 years |
| 20. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| 21. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.1.24 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 500,226 | (85,243 | ) | 414,983 |
| Restricted funds |
| Family Support | - | 1,769 | 1,769 |
| Buddying & Befriending | - | 1,113 | 1,113 |
| Kitchen Grant | 5,000 | (1,250 | ) | 3,750 |
| 1,632 |
| TOTAL FUNDS | (83,611 | ) | 421,615 |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 21. | MOVEMENT IN FUNDS - continued |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,144,274 | (2,229,517 | ) | (85,243 | ) |
| Restricted funds |
| Re-Cycle Project | 4,000 | (4,000 | ) | - |
| Family Support | 46,525 | (44,756 | ) | 1,769 |
| National Lottery Community Fund | 18,572 | (18,572 | ) | - |
| Buddying & Befriending | 45,603 | (44,490 | ) | 1,113 |
| Kitchen Grant | - | (1,250 | ) | (1,250 | ) |
| Mental Health | 3,000 | (3,000 | ) | - |
| Winter Box Project | 160,772 | (160,772 | ) | - |
| VGG Container Rental | 2,559 | (2,559 | ) | - |
| VGG Food and Collection | 5,613 | (5,613 | ) | - |
| Small restricted fund | 6,453 | (6,453 | ) | - |
| Flourish fund | 1,000 | (1,000 | ) | - |
| Moulding foundation | 1,100 | (1,100 | ) | - |
| Wood Burner | 5,460 | (5,460 | ) | - |
| ( |
) | 1,632 |
| TOTAL FUNDS | ( |
) | (83,611 | ) |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.1.23 | in funds | 31.12.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 470,803 | 29,423 | 500,226 |
| Restricted funds |
| Food Hub Grant | 14,860 | (14,860 | ) | - |
| Kitchen Grant | - | 5,000 | 5,000 |
| 14,860 | (9,860 | ) | 5,000 |
| TOTAL FUNDS | 485,663 | 19,563 | 505,226 |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 21. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,343,121 | (2,313,698 | ) | 29,423 |
| Restricted funds |
| Family Support | 40,149 | (40,149 | ) | - |
| National Lottery Community Fund | 75,996 | (75,996 | ) | - |
| Wellbeing | 37,487 | (37,487 | ) | - |
| Food Hub Grant | - | (14,860 | ) | (14,860 | ) |
| Buddying & Befriending | 4,480 | (4,480 | ) | - |
| Love Lostock Cheshire Food Hub | 555 | (555 | ) | - |
| Kitchen Grant | 5,000 | - | 5,000 |
| Mental Health | 18,882 | (18,882 | ) | - |
| Winter Box Project | 84,248 | (84,248 | ) | - |
| VGG Container Rental | 2,746 | (2,746 | ) | - |
| Dust Extraction Unit | 938 | (938 | ) | - |
| VGG Food and Collection | 10,000 | (10,000 | ) | - |
| Period Poverty Fund | 250 | (250 | ) | - |
| 280,731 | (290,591 | ) | (9,860 | ) |
| TOTAL FUNDS | 2,623,852 | (2,604,289 | ) | 19,563 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.1.23 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 470,803 | (55,820 | ) | 414,983 |
| Restricted funds |
| Family Support | - | 1,769 | 1,769 |
| Food Hub Grant | 14,860 | (14,860 | ) | - |
| Buddying & Befriending | - | 1,113 | 1,113 |
| Kitchen Grant | - | 3,750 | 3,750 |
| 14,860 | (8,228 | ) | 6,632 |
| TOTAL FUNDS | 485,663 | (64,048 | ) | 421,615 |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 21. | MOVEMENT IN FUNDS - continued |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 4,487,395 | (4,543,215 | ) | (55,820 | ) |
| Restricted funds |
| Re-Cycle Project | 4,000 | (4,000 | ) | - |
| Family Support | 86,674 | (84,905 | ) | 1,769 |
| National Lottery Community Fund | 94,568 | (94,568 | ) | - |
| Wellbeing | 37,487 | (37,487 | ) | - |
| Food Hub Grant | - | (14,860 | ) | (14,860 | ) |
| Buddying & Befriending | 50,083 | (48,970 | ) | 1,113 |
| Love Lostock Cheshire Food Hub | 555 | (555 | ) | - |
| Kitchen Grant | 5,000 | (1,250 | ) | 3,750 |
| Mental Health | 21,882 | (21,882 | ) | - |
| Winter Box Project | 245,020 | (245,020 | ) | - |
| VGG Container Rental | 5,305 | (5,305 | ) | - |
| Dust Extraction Unit | 938 | (938 | ) | - |
| VGG Food and Collection | 15,613 | (15,613 | ) | - |
| Period Poverty Fund | 250 | (250 | ) | - |
| Small restricted fund | 6,453 | (6,453 | ) | - |
| Flourish fund | 1,000 | (1,000 | ) | - |
| Moulding foundation | 1,100 | (1,100 | ) | - |
| Wood Burner | 5,460 | (5,460 | ) | - |
| 581,388 | (589,616 | ) | (8,228 | ) |
| TOTAL FUNDS | 5,068,783 | (5,132,831 | ) | (64,048 | ) |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 21. | MOVEMENT IN FUNDS - continued |
| Family Support - Schools invoiced by Terms for Support provided to primary schools by CLT - Funds cover wages of Support staff, management costs and admin fees. |
| National Lottery Community Fund - Funds received from the National Lottery Community fund - covers Buddy & Befriending wages, management costs and admin fees. |
| Wellbeing - Funds to assist with the costs of activities across Community support teams - Funds from Grants released to income for Community Support departments and Business development. |
| Food Hub Grant - Support towards running costs of the Northwich Community Hub. |
| Buddying & Befriending - Support towards activities for the Buddy & Befriending team, admin and management costs. |
| Love Lostock Cheshire Food Hub - Support towards running costs of the Northwich Community Hub. |
| Kitchen Grant - Funds for the New Kitchen at Winsford Community Hub. |
| Mental Health - Funds cover wages of Support staff, management costs and admin fees for the Mental Health section of Buddy & Befriending. |
| Winter Box Project - Funds to cover the costs of Christmas Food Boxes supplied by CLT, includes management and admin costs. |
| VGG Container Rental - Funds to help towards the cost of Refridgerated container hire sited at Northwich Community Hub. |
| Dust Extraction Unit - Funds towards cost and maintenance of the unit at Winsford Hub Road Two. |
| VGG Food and Collection - Funds towards staple food provided for the Very Green Groceries and collections. |
| Period Poverty Fund - Funds towards sanitary products provided at the Northwich Community Hub. |
| Re-cycle project - Funds to set up the Re-cycle project and train cycle technicians. |
| Flourish fund - Funds to establish and maintain the existing befriending service. |
| Moulding foundation - Up-front lump sum contribution for the fit out costs of the new Crewe retail store. |
| Wood burner - Funds for the purchase of a new heating applicance at the Winsford warehouse. |
| Small restricted fund - All other restricted small grants and donations. |
| CHANGING LIVES TOGETHER |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 22. | RELATED PARTY DISCLOSURES |