REGISTERED COMPANY NUMBER: 05763547 (England and Wales)

REGISTERED CHARITY NUMBER: 1115262

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

LIFE ASSOCIATION LIMITED

Page

Report of the Trustees

1

to

5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

to

9

Notes to the Financial Statements

10

to

13

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 March 2026. 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

Objectives and aims

The principal purpose of Life Association Limited is to reach and serve the poorest of the poor in India, with the hope and love of Jesus Christ. We do this in both word and deed. Our work has a particular focus on supporting children and young people.

Our aims and objectives are delivered through developing partnerships with local churches and Christian leaders in India. Together we provide safe and loving Christian children's homes for orphaned and part orphaned children and young people who would otherwise be vulnerable to neglect, malnourishment, trafficking, child labour and other dangers. We also seek to provide those children and young people with a quality Christian education through founding and/ or supporting Christian schools. We also provide emergency/disaster aid, medical care and food aid, support church plants and facilitate pastor's training. In the UK we engage in advocacy work to speak on behalf of the poorest in India.

Significant activities

We support the following projects with financial and/ or other practical assistance:

- Our project partners in Maharashtra take care of ten former street children. A new boy, who became an orphan, joined the home in August. He was malnourished and not attending school. His health has now improved and doing well in his studies. Funds were sent to help with relief work providing food and blankets to those in need in Uttarakhand after devastating flash floods swept away homes due to the cloudburst.

- The school and church that we support in Andhra Pradesh, provides education for 200 children. 80

children attend the afterschool provision. The children are continuing their education in a temporary building after the original school building was declared unsafe. Plans were obtained from an architect, and an engineer was appointed to manage the project of a new purpose-built school building. In August construction work began which is currently on schedule to be completed by the new school year at the beginning of June.

- We support a project in the south of Tamil Nadu which began with us supporting children and young people with disabilities in a home that cared for their needs. As they have grown up and become teenagers, we are now sponsoring and supporting those former residents in education and vocational training as they seek to move into appropriate employment. The two afterschool tuition centres that we support continue to run well. Each centre sees children supported in their education, school supplies, and sponsoring school fees for ten of the most vulnerable children. We support five children who live in a hospice for adults and children living with HIV/Aids. They are supported in their education, medical needs, and well-being.

- A new afterschool tuition centre began in April in Manipur for the children living in the refugee camp, they are progressing well in their studies. Plans to start another tuition centre in Assam are in progress to start in April which will give children from impoverished and marginalised communities an opportunity to have a quality education.

- We support a women's sewing ministry project in the north of Tamil Nadu. The women are professionally trained in sewing skills, which will enable them to earn a sustainable income. Two cohorts of students completed their training this year. A sixth cohort of women in April, and a seventh cohort in October. Each student received a certificate of achievement and a brand-new sewing machine. An eighth cohort of women have now started a six-month tailoring course. The afterschool tuition centre continues to run well, where children from an impoverished village receive extra tuition, school supplies, and nutritious meals.

In November a Pastors conference took place equipping local pastors with a full day of training and encouragement. The conference was led by one of the trustees who is an ordained minister in the Church of England.

At the beginning of December, the village was affected by another cyclone which caused heavy rain and floods, leaving some of the local people stranded and in need of basic necessities. We sent money from our disaster relief fund and food, including bread, rice and milk were distributed as well as blankets and mats to those most affected.

We also sent funds for a waterhole to be constructed which provides clean drinking water to a village. Around 150 families from impoverished backgrounds will benefit where before there was a lack of safe, clean drinking water.

- In April 2024 we began to support two new afterschool tuition centres in Bihar, a state in northern India. Children from impoverished and marginalised villages receive extra tuition, school supplies, and nutritious snacks/meals. In April 2025 three additional centres were started providing the same care. Plans to start three new centres next year are in progress.

- We continue to expand our audience on Facebook and establishing platforms on YouTube and Instagram, posting content on at least a weekly basis. Newsletters are sent out to all our supporters each month. This allows us to significantly increase how we can showcase and promote our work, and the projects we partner with and support. Monthly prayer emails are sent out to subscribers for prayer support.

October; each student received a certificate of achievement and a brand-new sewing machine. A sixth cohort of women have now started a six-month tailoring course. The afterschool tuition centre continues to run well, where children from an impoverished village receive extra tuition, school supplies, and nutritious meals.

At the beginning of December, the village was affected by a cyclone again which caused heavy rain and floods, leaving some of the local people stranded and in need of basic necessities. We sent money from our disaster relief fund and food, including bread, rice and milk were distributed as well as blankets and mats to those most affected.

- In April we began to support two new afterschool tuition centres in Bihar. Children from impoverished villages receive extra tuition, school supplies, and nutritious snacks/meals.

- We continue to expand our audience on Facebook and establishing platforms on YouTube and Instagram, posting content on at least a weekly basis. Newsletters are sent out to all our supporters each month. This allows us to significantly increase how we can showcase and promote our work, and the projects we partner with and support.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act, 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Volunteers

As well as the trustees, we have a small number of volunteers who help us with fund raising events, coffee mornings etc.

FINANCIAL REVIEW

Reserves policy

The charity continues to increase reserves in line with the commitments made to employ staff. At year end we held £44,021 in reserves. In line with Charity Commission guidance, we seek to increase reserves to approximately three months running costs. We will continue to build reserves over the next financial year.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act, 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Use of volunteers

As well as the trustees, we have a few volunteers who help us with fund raising events, coffee mornings etc.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

The charity is overseen by the Trustees and Directors. Mrs Lisa Haskett is employed as Operations Manager. She is responsible for the day-to-day operational management and delivery of the charity's work. The trustees provide strategic direction and support delivery when appropriate. Mr Simon Hawthorne and Mrs Julia Hawthorne, the founders of Life Association, retired in July 2023, and are now acting as ambassadors for Life Association.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. To this end, the trustees have a comprehensive risk register and actions are recorded at each meeting to

a) identify new risk

b) implement, manage and review control measures for existing risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05763547 (England and Wales)

Registered Charity number

1115262

Registered office

St Thomas' Parish Centre

135 Caunce Street

Blackpool

FY1 3NJ

Trustees

W Dent - Pastor (resigned 24.10.25)

Dr M J Finnegan - Retired Medical Practitiioner

Mrs S Graham - Accountant

Reverend S I Haskett - Minister Of Religion

Ms A L Wooldridge - Teacher

Company Secretary

L M Haskett

Independent Examiner

Rushtons

Chartered Accountants

Avroe House

Avroe Crescent

Blackpool Business Park

Blackpool

Lancashire

FY4 2DP

Approved by order of the board of trustees on 15 October 2026 and signed on its behalf by:

Ms A L Wooldridge - Trustee

Independent examiner's report to the trustees of Life Association Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Christopher Calvert ACA

Rushtons

Chartered Accountants

Avroe House

Avroe Crescent

Blackpool Business Park

Blackpool

Lancashire

FY4 2DP

20 October 2026

2026

2025

Unrestricted

fund

Total funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

212,487

130,425

Other income

906

505

Total

213,393

130,930

EXPENDITURE ON

Charitable activities

Charitable Activities

194,190

119,532

Other

13,674

12,515

Total

207,864

132,047

NET INCOME/(EXPENDITURE)

5,529

(1,117

)

RECONCILIATION OF FUNDS

Total funds brought forward

38,475

39,592

TOTAL FUNDS CARRIED FORWARD

44,004

38,475

2026

2025

Unrestricted

fund

Total funds

Notes

£

£

CURRENT ASSETS

Debtors

4

165

166

Cash at bank

45,443

39,922

45,608

40,088

CREDITORS

Amounts falling due within one year

5

(1,604

)

(1,613

)

NET CURRENT ASSETS

44,004

38,475

TOTAL ASSETS LESS CURRENT LIABILITIES

44,004

38,475

NET ASSETS

44,004

38,475

FUNDS

6

Unrestricted funds

44,004

38,475

TOTAL FUNDS

44,004

38,475

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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 15 October 2026 and were signed on its behalf by:

S Graham - Trustee

1.	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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Life Association Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are presented in Sterling, and all monetary values are rounded to the nearest pound (£).

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a cash flow statement.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit. strategic management and trustee's meetings and reimbursed expenses.

Taxation

The charity is a registered charity and as such is entitled to tax exemptions on all its income and gains, properly applied for its charitable purposes.

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

3.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2026

2025

Staff

1

1

No employees received emoluments in excess of £60,000.

4.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

-

17

Prepayments

165

149

165

166

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Social security and other taxes

14

9

Accrued expenses

1,590

1,604

1,604

1,613

6.	MOVEMENT IN FUNDS

Net

movement

At 1.4.25

in funds

At 31.3.26

£

£

£

Unrestricted funds

General fund

38,475

5,529

44,004

TOTAL FUNDS

38,475

5,529

44,004

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

213,393

(207,864

)

5,529

TOTAL FUNDS

213,393

(207,864

)

5,529

Comparatives for movement in funds

Net

movement

At 1.4.24

in funds

At 31.3.25

£

£

£

Unrestricted fund

39,592

(1,117

)

38,475

TOTAL FUNDS

39,592

(1,117

)

38,475

Comparative net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted fund

130,930

(132,047

)

(1,117

)

TOTAL FUNDS

130,930

(132,047

)

(1,117

)

7.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2026.