Living With Equal Opportunities Ltd Charity Accounts

COMPANY REGISTRATION NUMBER: 5345096

CHARITY REGISTRATION NUMBER: 1108948

Living With Equal Opportunities Ltd

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2025

Living With Equal Opportunities Ltd

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	4

Statement of financial activities (including income and expenditure account)	6

Statement of financial position	7

Statement of cash flows	8

Notes to the financial statements	9

Living With Equal Opportunities Ltd

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025 .

Reference and administrative details

Registered charity name	Living With Equal Opportunities Ltd

Charity registration number	1108948

Company registration number	5345096

Principal office and registered	Parsons Green Sports & Social Club
office	31 Broomhouse Lane
	London
	SW6 3DP
	England

The trustees

	Mrs L Schwartz
	Mr G Sweetman
	Ms J Quinn
	Ms D Rawlins
	Ms J Rawlins
	Mr K Clifford

Company secretary	Melanie Schwartz

Independent examiner	Maria Wyatt FCCA

Structure, governance and management

Living With Equal Opportunities Ltd is managed by two Directors; one who serves as the Chairman of the Trust for the purpose of charity law. Trustees are elected at the Annual General Meeting. Additionally, the trustees may co-opt individuals to serve as a trustee , but any person so appointed shall retain office only to the next Annual General meeting when they are entitled to stand for re-election. Day-to-day running of Living With Equal Opportunities Ltd is delegated to staff members, who perform the tasks assigned to them. The Trustees meet every eight weeks to review the affairs of the charity.

Objectives and activities

The objective of the charity is to provide support services aimed at vulnerable and at risk children and young people with disabilities, from all communities and backgrounds.

LEO's believe that like every other young person, those with SEN have the right to choose how to spend their leisure time - this forms an essential part of their welfare and development.

We work to promote, support, improve and deliver leisure activities and independent living skills and opportunities within LBHF and surrounding boroughs, in response to local and families' needs. We provide several community and site activities. Off-site activities include trampolining, bowling, cinema, swimming and cooking. Some young people have their own personal schedule to meet specific needs and abilities. We promote inclusion and encourage and support young people to make choices for themselves so they can have positive experiences.

We offer support to young people and their families by providing chaperones and supporting them with hospital and doctor's appointments, care package reviews and network meetings with other professionals.

Achievements and performance

It has been a very busy year.

We continue to receive updates regarding the redevelopment of the White City Estate, which includes our current venue. We viewed a few venues for the service while the development is going ahead, but unfortunately, they were not suitable for the service or client group.

The CEO continues to represent the charity on a number of Local authority's forums, Independent living, Autism Partnership board, Co-production and input on the Borough's cost of living crisis.

We had some success with external funding; another grant to support our 36 families with the cost- of-living crisis; contribution towards both utility bills and food vouchers for 6 months.

We have decided to invest extra funds in staff learning and development. We have offered courses to the team, one of the team has now completed all three levels of his ISPEC SEN Law training and our operations Manager has completed her reaccreditation to be a Team Teach intermediate tutor.

We continue to work with several local authorities, Ealing, Hammersmith & Fulham, Westminster and Kensington and Chelsea. We worked with the Big Splash Foundation, using the hydrotherapy pool at Jack Tizard School during the summer holidays. We also continued to work in partnerships - NHS/health and Blueprint Partners, a local business who donated gifts for the young people at Christmas.

Financial review

The charity remains in a good financial position.

The charity made the decision to commit funds to improve the service we offer; by the investment in staff training, moving, setting up costs and purchasing new equipment for our new venue. To be opened in April 2025.

We have

1. Reserve's policy - we have 3 months running costs - this totals approximately £150,000.00

2. Continue to invest in the staff training programme.

Plans for future periods

- Staff training will continue

- Recruiting additional staff

- Seeking to expand the service

- Seek external support/funding

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 20 November 2025 and signed on behalf of the board of trustees by:

Mr G Sweetman

Director

Living With Equal Opportunities Ltd

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Living With Equal Opportunities Ltd

Year ended 31 March 2025

I report to the trustees on my examination of the financial statements of Living With Equal Opportunities Ltd ('the charity') for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Charterd Association of Certified Accountants (ACCA), which is one of the listed bodies.

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 charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements 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 financial statements 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.

Maria Wyatt FCCA

Independent Examiner

GSI Accounts Ltd

8 Link Way

Oakley

Hampshire

England

RG23 7DG

20 November 2025

Living With Equal Opportunities Ltd

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2025

	2025			2024
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	9,140	430,805	439,945	459,929
		-------	---------	---------	---------
Total income		9,140	430,805	439,945	459,929
		-------	---------	---------	---------

Expenditure

Expenditure on charitable activities	6,7	36,484	468,267	504,751	475,246
		--------	---------	---------	---------
Total expenditure		36,484	468,267	504,751	475,246
		--------	---------	---------	---------

	--------	---------	---------	---------
Net expenditure and net movement in funds	( 27,344)	( 37,462)	( 64,806)	( 15,317)
	--------	---------	---------	---------

Reconciliation of funds

Total funds brought forward as previously reported	( 57,806)	278,787	220,981	236,298
Prior year adjustment	–	922	922	–
	--------	---------	---------	---------
Total funds brought forward as restated	( 57,806)	279,709	221,903	236,298
	--------	---------	---------	---------
Total funds carried forward	( 85,150)	242,247	157,097	220,981
	--------	---------	---------	---------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Living With Equal Opportunities Ltd

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible fixed assets	11	623	1,246

Current assets

Debtors	12	66,278	59,413
Cash at bank and in hand		113,985	182,761
		---------	---------
		180,263	242,174

Creditors: amounts falling due within one year	13	11,553	–
		---------	---------
Net current assets		168,710	242,174
		---------	---------
Total assets less current liabilities		169,333	243,420

Creditors: amounts falling due after more than one year	14	12,236	22,439
		---------	---------
Net assets		157,097	220,981
		---------	---------

Funds of the charity

Restricted funds		242,247	278,787
Unrestricted funds		( 85,150)	( 57,806)
		---------	---------
Total charity funds	16	157,097	220,981
		---------	---------

For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 20 November 2025 , and are signed on behalf of the board by:

Mr G Sweetman

Director

Living With Equal Opportunities Ltd

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 March 2025

	2025	2024
	£	£

Cash flows from operating activities

Net expenditure	(64,806)	(15,317)

Adjustments for:
Depreciation of tangible fixed assets	623	623
Interest payable and similar charges	446	699
Accrued expenses	3,360	–
Prior Year Adjustments	922	–

Changes in:
Trade and other debtors	( 6,865)	9,294
Trade and other creditors	8,193	( 2,901)
	--------	--------
Cash generated from operations	( 58,127)	( 7,602)

Interest paid	( 446)	( 699)
	--------	-------
Net cash used in operating activities	( 58,573)	( 8,301)
	--------	-------

Cash flows from investing activities

Purchase of tangible assets	–	( 948)
	--------	-------
Net cash used in investing activities	–	( 948)
	--------	-------

Cash flows from financing activities

Proceeds from borrowings	( 10,203)	( 9,950)
	--------	-------
Net cash used in financing activities	( 10,203)	( 9,950)
	--------	-------

Net decrease in cash and cash equivalents	( 68,776)	( 19,199)
Cash and cash equivalents at beginning of year	182,761	201,960
	---------	---------
Cash and cash equivalents at end of year	113,985	182,761
	---------	---------

Living With Equal Opportunities Ltd

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Parsons Green Sports & Social Club, 31 Broomhouse Lane, London, SW6 3DP, England.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Motor vehicles	-	20% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The company is limited by guarantee of members and does not have a share capital. The liability of members is limited to £1.

5. Donations and legacies

Unrestricted Funds	Restricted Funds	Total Funds 2025
£	£	£

Donations

Fund Raising Events	5,000	–	5,000
Other Donations	4,140	–	4,140

Grants

Royal Borough of Kensington & Chelsea	–	57,149	57,149
London Borough of Ealing	–	96,623	96,623
London Borough of Hammersmith & Fulham	–	251,132	251,132
Westminiser City Council	–	18,021	18,021
The London Community Foundation	–	7,880	7,880
	-------	---------	---------
	9,140	430,805	439,945
	-------	---------	---------

Unrestricted Funds	Restricted Funds	Total Funds 2024
£	£	£

Donations

Fund Raising Events	2,990	–	2,990
Other Donations	695	–	695

Grants

Royal Borough of Kensington & Chelsea	–	32,839	32,839
London Borough of Ealing	–	74,775	74,775
London Borough of Hammersmith & Fulham	–	290,139	290,139
Westminiser City Council	–	45,718	45,718
The London Community Foundation	–	12,773	12,773
	-------	---------	---------
	3,685	456,244	459,929
	-------	---------	---------

6. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Lillis Project	10,977	468,267	479,244
Support costs	25,507	–	25,507
	--------	---------	---------
	36,484	468,267	504,751
	--------	---------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Lillis Project	18,987	427,750	446,737
Support costs	28,509	–	28,509
	--------	---------	---------
	47,496	427,750	475,246
	--------	---------	---------

7. Expenditure on charitable activities by activity type

	Grant funding of activities	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Lillis Project	479,244	–	479,244	446,737
Governance costs	–	25,507	25,507	28,509
	---------	--------	---------	---------
	479,244	25,507	504,751	475,246
	---------	--------	---------	---------

8. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	500	500
Other financial services	1,900	1,900
	-------	-------
	2,400	2,400
	-------	-------

9. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2025	2024
	£	£
Wages and salaries	399,928	370,722
Social security costs	16,038	11,208
Employer contributions to pension plans	3,359	–
	---------	---------
	419,325	381,930
	---------	---------

The average head count of employees during the year was 52 (2024: 69 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2025	2024
	No.	No.
Number of staff - type 1	50	67
Number of staff - type 2	2	2
	----	----
	52	69
	----	----

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £85,770 (2024:£80,395).

10. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

11. Tangible fixed assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 Apr 2024 and 31 Mar 2025	1,536	2,400	4,440	8,376
	-------	-------	-------	-------
Depreciation
At 1 Apr 2024	922	2,400	3,808	7,130
Charge for the year	307	–	316	623
	-------	-------	-------	-------
At 31 Mar 2025	1,229	2,400	4,124	7,753
	-------	-------	-------	-------
Carrying amount
At 31 Mar 2025	307	–	316	623
	-------	-------	-------	-------
At 31 Mar 2024	614	–	632	1,246
	-------	-------	-------	-------

12. Debtors

	2025	2024
	£	£
Trade debtors	66,278	59,413
	--------	--------

13. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	3,360	–
Social security and other taxes	8,193	–
	--------	----
	11,553	–
	--------	----

14. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	12,236	22,439
	--------	--------

15. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 3,359 (2024: £Nil).

16. Analysis of charitable funds

Unrestricted funds

	At 1 Apr 2024	Income	Expenditure	Prior year adjustments	At 31 Mar 2025
	£	£	£	£	£
General funds	(57,806)	9,140	(36,484)	–	(85,150)
	--------	-------	--------	----	--------

	At 1 Apr 2023	Income	Expenditure	Prior year adjustments	At 31 Mar 2024
	£	£	£	£	£
General funds	(13,995)	3,685	(47,496)	–	(57,806)
	--------	-------	--------	----	--------

Restricted funds

	At 1 Apr 2024	Income	Expenditure	Prior year adjustments	At 31 Mar 2025
	£	£	£	£	£
Restricted Fund 1 - London Borough Grants	278,787	430,805	(468,267)	922	242,247
	---------	---------	---------	----	---------

	At 1 Apr 2023	Income	Expenditure	Prior year adjustments	At 31 Mar 2024
	£	£	£	£	£
Restricted Fund 1 - London Borough Grants	250,293	456,244	(427,750)	–	278,787
	---------	---------	---------	----	---------

17. Analysis of changes in net debt

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	182,761	(68,776)	113,985
Debt due after one year	(22,439)	10,203	(12,236)
	---------	--------	---------
	160,322	( 58,573)	101,749
	---------	--------	---------