Love Alive - Charities report - 19.3.2

REGISTERED COMPANY NUMBER: 05216578 (England and Wales)

REGISTERED CHARITY NUMBER: 1106808

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 August 2019

for

Love Alive

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

Notes to the Financial Statements

8

to

11

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 August 2019. 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 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The aims of the charity are to relieve financial hardship for disadvantaged children and their families and to advance

education on the five human values of Love, Truth, Peace, Right Conduct and Non-Violence, having particular but not

exclusive regard to the education of children.

Significant activities

The charity's activities include giving courses for children in the UK and supporting an orphanage in India. The

emphasis is on teaching the five human values to adults (parents and carers) and children alike.

Grantmaking

Mrs Bahnoon Karim Agnew, and others have advanced funds to the charity to enable it to continue supporting the

orphanage, styled as 'Love Alive India Orphanage' situated in Kappalabandar Village, near Puttarparthi, Andrah

Pradesh, India. this exciting project opened on the 26th July 2007, and has admitted children between five and a half and

ten and a half years. The school is registered with the local authorities as a local charity.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Our establishment continues with its unflagging commitment to the 5 human values of Love, Truth, Right Conduct,

Peace and Non Violence. It is not always easy when children have a lot of anger , resentment and feelings often times of

rejection and abandonment from their very early years. With perseverance we continue however to see change all the

time in their understanding and behaviour through the following diverse factors:

Prayer and Meditation

Yoga as a way of life

Strong yet realistic Discipline

Fun with Dance and Drama

Devotional Singing

Environmental Awareness, both theory and experimental work

Swimming (in current 45 degree temperatures)

Fun with basketball, cricket, volleyball, tennis and the occasional golf practice and putting

Over and above their normal school curriculum

With Love and all the above we are committed to providing a level of excellence which is enhanced each year.

A child at Love Alive will typically have his or her mind and heart stretched, expanded to a higher level of

consciousness than he/she has been used to. In all of this, the atmosphere and style is intimate, always caring and

considerate, full of unconditional love. The child feels valued and able to his divine and creative self. He/she is a happy

smiling child.

We have aspirations arising from wonderful possibilities for our children (and as many more poor children whose family

members continually beg us to take them in) but to achieve these require a special level of funding. We are also always

in need of financial support as the cost of living has skyrocketed over the last 5 years and even basics are expensive.

We are currently an average of some 60 children, 29 girls and 31 boys. But by about June 2019 our numbers were

reduced to 46 . This was due to the further success/passing of some 7 persons in their 10th Year Examination. These

children then moved on to higher education. Then some unfortunate family illnesses , accidents and disabilities had also

caused 2 of our children to return home to look after sick mothers and fathers. Furthermore , the Indian Prime Ministers

new and excellent programmes of building fresh English medium schools in outlying villages have also caused an

exodus of some of our children back to their families and villages. The Prime Minister further supports these families by

providing free breakfast and lunch at school and some 15000 rupees in their bank accounts per child/per home. These

superb government incentives which have resulted in the exodus have indeed been very attractive to these low income

,low caste families and have caused much relief and happiness to the village people. I believe the exodus in our home

and school will continue into the end of the year 2019.

Its important to report as well that 3 of our girls who were studying further to qualify for higher learning have

succumbed to parents insistence to marry. They are now married , one with a baby soon on the way

During the year ended 31st August 2018 7 children sat and passed the GCSE equivalent, 2 girls and 5 boys.

Currently 5 children are doing their Plus 1 and Plus 2 so that they can gain entrance to University, all 5 are boys.

Out of those who have completed the 2 year sixth form equivalent:-

2 girls have gone into nursing

1 is endeavouring to be a doctor

3 are doing electrical engineering, 2 with the intention of becoming a pilot.

1 doing an agricultural degree.

1 doing Chartered Accountancy

1 is re-sitting.

1 is doing a Computer Software degree.

1 is enjoying a Visual Arts and Textile degree.

1 is doing a degree in Commerce.

2 have joined courses to be cricketers.

1 took 5 months out to nurse a very sick father. No one else was available. And because of his excellent result

(9.2grade) he will probably be admitted this year to a very prestigious college.

1 doing an Engineering degree.

We look forward to making contact with more supporters and donors for this and the years ahead.

FINANCIAL REVIEW

Financial position

The only substantial liability of Love Alive is a loan made to the charity by one of its trustees, Mrs Bahnoon Agnew.

Mrs Agnew has confirmed that under no circumstances would she require repayment of this loan unless the Charity were

in a position to do so.

Reserves policy

The charitable company is constantly aware of the need to provide for future activities and running costs.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document and constitutes a limited company, limited by guarantee, as defined

by the Companies Act 2006.

The trustees are the only members and of the charitable company and represent the minimum number of persons

required by the articles to form a Council of Management. In the event of winding up each member is required to pay

into the company a sum not exceeding £1. The company's memorandum allows the purchase of indemnity insurance for

the council of management.

Induction and training of new trustees

New Trustees are recruited and appointed by the existing Trustees.

Risk management

The trustees are aware of their joint and several duties 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.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05216578 (England and Wales)

Registered Charity number

1106808

Registered office

Hamlet

Ham Lane

Elstead

Godalming

Surrey

GU8 6HG

Trustees

Mrs BK Agnew Psychotherapist

S J Wade LL.B. Solicitor

Mrs S Wade Director

Company Secretary

S J Wade LL.B.

Independent Examiner

Tropman & Co. Limited

39 Station Road

Liphook

Hampshire

GU30 7DW

Approved by order of the board of trustees on 22 February 2020 and signed on its behalf by:

S J Wade LL.B. - Trustee

Independent examiner's report to the trustees of Love Alive ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2019.

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.

L C Horner

FCCA

Tropman & Co. Limited

39 Station Road

Liphook

Hampshire

GU30 7DW

11 March 2020

31.8.19

31.8.18

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

16,371

28,060

EXPENDITURE ON

Raising funds

2

3,588

4,184

Charitable activities

Grants to charitable institutions

19,507

20,428

Total

23,095

24,612

NET INCOME/(EXPENDITURE)

(6,724

)

3,448

RECONCILIATION OF FUNDS

Total funds brought forward

(24,823

)

(28,271

)

TOTAL FUNDS CARRIED FORWARD

(31,547

)

(24,823

)

31.8.19

31.8.18

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Cash at bank

419

3,555

CREDITORS

Amounts falling due within one year

5

(660

)

(660

)

NET CURRENT ASSETS/(LIABILITIES)

(241

)

2,895

TOTAL ASSETS LESS CURRENT LIABILITIES

(241

)

2,895

CREDITORS

Amounts falling due after more than one year

6

(31,306

)

(27,718

)

NET ASSETS

(31,547

)

(24,823

)

FUNDS

7

Unrestricted funds

(31,547

)

(24,823

)

TOTAL FUNDS

(31,547

)

(24,823

)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 on 22 February 2020 and were signed on its behalf by:

S J Wade LL.B. - 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 2015)',

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.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but

not accrued as expenditure.

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.

2.	RAISING FUNDS

Raising donations and legacies

31.8.19

31.8.18

£

£

Support costs

3,588

4,184

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustee's remuneration or other benefits for the year ended 31st August 2019 nor for the year

ended 31st August 2018.

The orphanage property in India is held by nominees on behalf of Mrs Agnew, a trustee. Although grants are

made to the orphanage by this charity they are at arm's length for the running expenses of the charity and not for

Mrs. Agnew's personal advancement.

Trustees' expenses

Trustees are reimbursed travel, telephone and internet, and sundry expenses when they relate to charity business.

During the year these totalled £3,588 (2018 - £2,978).

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

28,060

EXPENDITURE ON

Raising funds

4,184

Charitable activities

Grants to charitable institutions

20,428

Total

24,612

NET INCOME

3,448

RECONCILIATION OF FUNDS

Total funds brought forward

(28,271

)

TOTAL FUNDS CARRIED FORWARD

(24,823

)

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Other creditors

660

660

6.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The above loan was made to the charity by a charity trustee and is interest free, repayable in the event of the

charity obtaining surplus funds.

7.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.18

in funds

31.8.19

£

£

£

Unrestricted funds

General fund

(24,823

)

(6,724

)

(31,547

)

TOTAL FUNDS

(24,823

)

(6,724

)

(31,547

)

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

16,371

(23,095

)

(6,724

)

TOTAL FUNDS

16,371

(23,095

)

(6,724

)

Comparatives for movement in funds

Net

movement

At

At 1.9.17

in funds

31.8.18

£

£

£

Unrestricted funds

General fund

(28,271

)

3,448

(24,823

)

TOTAL FUNDS

(28,271

)

3,448

(24,823

)

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

28,060

(24,612

)

3,448

TOTAL FUNDS

28,060

(24,612

)

3,448

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.9.17

in funds

31.8.19

£

£

£

Unrestricted funds

General fund

(28,271

)

(3,276

)

(31,547

)

TOTAL FUNDS

(28,271

)

(3,276

)

(31,547

)

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

44,431

(47,707

)

(3,276

)

TOTAL FUNDS

44,431

(47,707

)

(3,276

)

8.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2019.