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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 02628224 (England and Wales) REGISTERED CHARITY NUMBER: 1003603

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LEARNING PARTNERSHIPS

Thomas Coombs Limited Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB

LEARNING PARTNERSHIPS

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 22

LEARNING PARTNERSHIPS

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2024

TRUSTEES T Murray (Chair)
D P Chong
J J Burton
C M L Beech
J Clare
J H J Hosegood
R E Kelly (resigned 31/12/2023)
M Tudge
A D Warren
SECRETARY M Tudge
SENIOR EXECUTIVES R Solentini
REGISTERED OFFICE The Burton Business Park
Hudson Road
Leeds
LS9 6DJ
REGISTERED COMPANY NUMBER 02628224 (England and Wales)
REGISTERED CHARITY NUMBER 1003603
INDEPENDENT EXAMINER Christopher Darwin FCA
Thomas Coombs Limited
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB
BANKERS Santander
Bootle
Merseyside
L30 4GB

Page 1

LEARNING PARTNERSHIPS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 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 31st March 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

Learning Partnerships is a Leeds based educational charity with over 30 years' experience of working within inner-city Leeds to develop innovative projects, which draw heavily on the principles of effective learning and their link to community regeneration. Our work focuses on supporting children, young people and families in deprived areas of Leeds and most deprived nationally.

Our work concentrates on inner city wards of Leeds. The communities are characterised by poor housing, low skills, low educational attainment, high unemployment, single parent families and large ethnic minority populations. Our projects are needs driven and we base our funding and bid strategies on this premise.

We have referred to the public benefit guidance contained in the Charity Commission's general guidance on public benefit when reviewing our objectives and in planning our future activities.

The aims of Learning Partnerships are undertaken specifically to ensure the charitable objects meet the public benefit requirement and the Charities Act 2011.

Our Vision:

At Learning Partnerships we want to see "A society where individuals are engaged, inspired and empowered to achieve their true potential." Our vision is to provide those in need with a Learning Sanctuary where they can safely re-engage with themselves and others. We believe that through supporting individuals' wellbeing and learning we can stop the poverty cycle and have a real and sustainable impact on their life.

Our Mission:

To 'reduce deprivation and improve wellbeing in Leeds, by engaging people in a positive way, through the provision of learning, skills and personal development opportunities'.

Our Values:

Our Social Objectives:

Our Business Objectives:

The above aims and objectives meet the public benefit criteria as defined in the Charities Act 2011.

Page 2

LEARNING PARTNERSHIPS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

OBJECTIVES AND ACTIVITIES Programmes and Projects Support for Schools

Let's Read Programme

Improving literacy, improving lives.

The Let's Read Programme facilitates individual support for disadvantaged children to help them attain the literacy and language skills required for future educational and employment opportunities. The support is made possible through the provision of a rolling programme of recruitment, training and co-ordination for volunteers from local businesses and communities. Volunteers give an hour a week to support targeted children, helping to improve their reading skills and literacy levels as well as increasing self-confidence, self-esteem and language & communication skills. We have been working hard since covid to build back up our volunteer teams following the closure of schools during the lockdowns in 2020 and 2021.

Who benefits: Over 150 children across 7 primary schools in deprived areas of Leeds, benefited from individual reading support this year.

Roots & Shoots

Roots and Shoots is a community improvement and wellbeing project for East Leeds. We work with local volunteers, residents and schools to deliver healthy eating campaigns, public planting schemes and gardening clubs so that children and adults can care for their area, benefit from green spaces and get support growing their own produce for improved mental and physical health, wellbeing, self-esteem and confidence. This year we have supported 80 children across 5 primary schools and 5 adult community garden volunteers.

Who benefits: Children, young people & adults from the most deprived areas in East Leeds.

Support for Adults

Adult and Community Learning

Our Adult Learning Programme delivers a range of courses for residents in the Leeds City Region aged 19+ who are unemployed or have a low income. The programmes delivered under this area were, Developing You (Health & Wellbeing), English Speakers of Other Languages (ESOL), Customer Service & You (support with employability skills to help local residents gain employment in the NHS and healthcare partners) and Essential Digital Skills.

Our partnership with the Talent Hub Academy, part of the One Workforce Partnership continues to be successful. Supporting local people into customer service, business admin and primary navigator roles within the Health and Care Sector, in this period has supported 52 participants with 60% moving into employment. Adult Learning is funded through the West Yorkshire Combined Authority on a 3-year funding cycle until July 2025 (reviewed annually).

Post Covid brought our attention to residents requiring improved digital skills and in the previous year launched workshop-style computer classes where learners work at their own pace, supported by a tutor to achieve modules from our essential digital skills curriculum. Referrals continue to increase and, in this period, has supported 50 learners, many of whom have chosen to return to progress onto further modules.

Our ESOL provision continues to be very successful with classes running continuously throughout the year at our base in Harehills. Over 400 people enrolled on our courses and 95% achieved and progressed to further training or work.

All of our Adult Learning programmes are delivered in the top 10% Super Output Areas of Leeds. The courses are designed to help learners move closer to the labour market and progress onto further learning or work.

Who benefits: individuals aged 19+ and above living in disadvantaged communities.

Page 3

LEARNING PARTNERSHIPS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

- Asset Based Community Development (ABCD) Community Builder

We received funding from Leeds City Council to continue into our 5th year of ABCD Community Builder programme to work with the local community in the Clifton & Nowells area of East Leeds. ABCD starts from a place that prioritises and celebrates the strengths and assets communities have to draw from, rather than starting from a point of focusing on what is wrong in communities and needs fixing.

A community connector is someone who people are drawn to, who has a natural enthusiasm and can bring people together. Our Community Builder spends time getting to know local people, looking for similar interests and passions, helping to connect people and looking for those people who are natural community connectors.

Through the engagement and motivation of the local people as 'Community Connectors' the Community Builder supports them to bring about positive change in the area.

Who benefits: Residents from the Clifton & Nowells area of East Leeds.

Single Parent Power

We were delighted to be successful in gaining £488,473 funding from the National Lottery Community Fund for the Single Parent Power project. The project commenced delivery on 1st June 2023 with a one month run in period from 1st May 2023. Single Parent Power will support 228 single parents over 3 years from the East Leeds area. The aim of Single Parent Power is to provide early help to unemployed or inactive single parent families that are experiencing barriers preventing them from moving towards, or gaining, employment. Our experienced Key Workers offer a programme of support needed to address any barriers single parent families may be facing, including 1:1 help and guidance with employability skills. Our Counsellor/Wellbeing Worker on the project offers support around mental health and wellbeing to all participants. In this current year the programme has supported 54 single parents, of which 10 have progressed to training or employment and 8 have engaged with our counselling service.

Who benefits: Unemployed or inactive single parents living in East Leeds with a minimum of one dependent child.

Business Services

We offer a hot desking service in our main office which has resulted in occasional usage form private businesses. In addition we offer a room to a small enterprise at a reduced long term rate. We have also successfully engaged with small business owners, and have hosted breakfast and networking events. Some businesses also use us Learning Partnerships as a registered business office. All these new activities have increased our income and our presence in the business world and aligns to our income generation strategy of increasing revenue from sources other than funders and grant givers

We are an Umbrella organisation for the Disclosure & Barring Service and generate a small income from offering this facility to business and charities.

STRATEGIC REPORT

Financial position

The Charity continues to explore new opportunities and, where these are compatible with its strategic aims, will make representations to funding organisations that may wish to be involved. It will, at the same time, strive to maintain and improve its current high standard of delivery.

The Charity is reporting an income of £543,867 compared with £559,330 in the previous year and expenditure of £511,502 compared with £672,968. This has resulted in a net gain of £32,365 compared to a deficit of £113,638 in the previous period. Restricted and unrestricted funds were £247,572 compared to £215,207 at the start of the current year.

Principal funding sources

Funding for major activities has come from Leeds City Council, WYCA and The National Lottery Community Fund.

Fundraising

The Charity strives to achieve the highest fundraising standards and it values its supportive funders. The Charity is staying up to date with developments in charity regulation, data protection and fundraising practice via the Fundraising Regulator to make sure it is legally compliant and adhering to all guidelines. The Charity's fundraisers follow the Fundraising Regulator Code of Practice, and the Charity ensures that these standards are applied to all fundraising. No complaints about fundraising were received in the year.

Page 4

LEARNING PARTNERSHIPS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

STRATEGIC REPORT Financial review

Investment policy and objectives

Learning Partnerships has a deposit account with Santander Bank to maximise interest receivable. This is an instant access account that is managed by the Finance Manager to ensure good stewardship and the maximum interest.

Reserves policy

The reserves of the charity are composed of restricted and unrestricted funds. These funds are maintained at a sufficient level in order to allow the smooth operation of the Charity's activities.

Learning Partnerships has a reserves policy that is reviewed on an annual basis. A target level of reserves to be held, based on a risk assessment and a financial forecast. The target level will be reviewed annually as part of the budgeting and planning process and adjusted as necessary to reflect any changes in the Charity's circumstances, activities and objectives. The target level of reserves for the financial year 2023/24 was £100,000.

Unrestricted Funds:

The Charity's unrestricted reserves total was £164,004 on 31 March 2024

The trustees consider free reserves at 31[st] March 2024 to be appropriate given that the free reserve is budgeted to reduce in the financial year ended 31[st] March 2025 due to ongoing projects.

Restricted Funds:

The composition and detailed movement of restricted funds is shown in note 18. The balance sheet states the restricted funds were held in the form of cash in the bank accounts. The current level of restricted funds and the ongoing funded arrangements relating to those funds is sufficient to maintain the specific projects.

Going concern

The trustees consider that there are no material uncertainties about the Charity's ability to continue for a period of not less than 12 months from the date of the approval of the financial statements. Accordingly, the financial statements have been prepared on the going concern basis.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee and was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association.

The directors of the company are also charity trustees for the purpose of charity law and under the company's Articles of Association are known as members of the General Council. Recruitment to the General Council is by invitation and by approval of a simple majority of those entitled to vote.

The charity operates across Leeds focusing on areas of high deprivation in the city. Invitations for board membership are issued on consideration of the skills required to run the charity effectively as well as an interest and knowledge of raising aspirations through educational attainment, social inclusion and community engagement.

New directors are invited to Learning Partnerships' offices for an induction which covers information on the role and terms of reference, the business plan, policies and procedures, health and safety and facilities. They are introduced to the Executive Team and staff members of the Charity. External training courses may be considered if felt appropriate. An induction pack and handbook is issued to each trustee which covers in detail all the topics covered during their visit and induction to the charity.

Page 5

LEARNING PARTNERSHIPS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The General Council of the charity is currently comprised of nine members who are also trustees of the charity. The General Council meet six to eight times a year.

The CEO has overall oversight of the affairs of the charity and its strategic direction, reporting to the General Council. The CEO is supported by a senior management team.

The Chairman is actively involved with the charity and attends external meetings and networking events. The Executive Team meet on a monthly basis with the Chairman. The Executive Team also meet on a monthly basis with the Finance Manager. Other members of the board support the Executive Team as required, where they have the expertise for e.g. finance, legal and safeguarding.

Remuneration

The pay of the Charity's key management staff is reviewed annually and may be increased in accordance with national indicators such as inflation or average earnings where financially possible and prudent. The remuneration is also benchmarked with charities of a similar size and activity to ensure that it is fair and not out of line with that generally paid for similar roles.

Risk management

Internal financial controls are in place to safeguard the charity's assets and to provide the directors with reliable information so that significant problems can be identified on a timely basis and dealt with appropriately.

The Executive Team and the Finance Manager hold monthly meetings to receive monthly management accounts and review financial performance against budget and consider future funding plans. These are also reviewed at regular board meetings.

The principal risks and uncertainties faced by the charity at the time of writing are as follows:

The company's Employee Handbook details all the Policies and Procedures, which is issued to all employees and contains guidance on risk assessment.

The Executive Team and Finance Manager regularly review the risks and ensure that an effective risk management strategy is in place. They report to the full Council on a regular basis.

Quality

The Charity has maintained its quality marks and standards.

Learning Partnerships continues to be an employer on the Mindful Employer charter as an employer who is positive towards mental health, which has been held since January 2017.

The Charity is committed to the DWP Disability Confident Scheme, which supports people with disabilities and long-term health conditions to access work.

In February 2022, the organisation gained Cyber Essentials Certification Plus, certifying its compliance to the requirements of the Cyber Essentials Plus Scheme. Although not certified after the initial year, in 2023-24 the charity still maintains the standards and benchmark required by the scheme.

Page 6

LEARNING PARTNERSHIPS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Learning Partnerships for the purposes of company law) are responsible for preparing Annual Report 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 the income resources and application of resources for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 22[nd] October 2024 and signed on the board's behalf by:

................................................................................ Martin Tudge Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEARNING PARTNERSHIPS

Independent examiner's report to the trustees of Learning Partnerships ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 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 Darwin FCA

The Institute of Chartered Accountants in England and Wales

Thomas Coombs Limited Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB

Date: 22[nd] October 2024

Page 8

LEARNING PARTNERSHIPS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations, grants and legacies
3
67,170
Charitable activities
6
Support for schools and
Support for disadvantaged young people, adults and
families
237,765
Organisational development
-
Other trading activities
4
5,023
Investment income
5
8,905
Total
318,863
EXPENDITURE ON
Raising funds
7
1,425
Charitable activities
8
Support for schools
12,691
Support for disadvantaged young people, adults and
families
287,431
Organisational development
29,337
Total
330,884
NET INCOME/(EXPENDITURE)
(12,021)
Transfers between funds
18
(275)
Net movement in funds
(12,296)
RECONCILIATION OF FUNDS
Total funds brought forward
176,300
TOTAL FUNDS CARRIED FORWARD
164,004		 Restricted
funds
£
81
224,923
-
-
-
225,004
12,807
21,367
146,444
-
180,618
44,386
275
44,661
38,907
83,568		 2024
Total
funds
£
67,251
462,688
-
5,023
8,905
543,867
14,232
34,058
433,875
29,337
511,502
32,365
-
32,365
215,207
247,572		 2023
Total
funds
£
71,581
415,873
47,520
19,209
5,147
559,330
10,838
41,593
443,087
177,450
672,968
(113,638)
-
(113,638)
328,845
215,207

The notes form part of these financial statements

Page 9

LEARNING PARTNERSHIPS

BALANCE SHEET 31ST MARCH 2024

Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
15
44,639
Cash at bank and in hand
133,714
178,353
CREDITORS
Amounts falling due within one year
16
(14,349)
NET CURRENT ASSETS
164,004
TOTAL ASSETS LESS CURRENT LIABILITIES
164,004
NET ASSETS
164,004
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
83,568
83,568
-
83,568
83,568
83,568		 2024
Total
funds
£
44,639
217,282
261,921
(14,349)
247,572
247,572
247,572
164,004
83,568
247,572		 2023
Total
funds
£
59,527
176,008
235,535
(20,328)
215,207
215,207
215,207
176,300
38,907
215,207

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

The financial statements were approved by the Board of Trustees and authorised for issue on 22[nd] October 2024 and were signed on its behalf by:

............................................. Martin Tudge Trustee

The notes form part of these financial statements

Page 10

LEARNING PARTNERSHIPS

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 2024
£
32,369
32,369
8,905
8,905
41,274
176,008
217,282		 2023
£
(129,218)
(129,218)
5,147
5,147
(124,071)
300,079
176,008

The notes form part of these financial statements

Page 11

LEARNING PARTNERSHIPS

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Interest received
Decrease/(increase) in debtors
Decrease in creditors
Net cash provided by/(used in) operations		 2024
£
32,365
(8,905)
14,888
(5,979)
32,369		 2023
£
(113,638)
(5,147)
(5,067)
(5,366)
(129,218)

2. ANALYSIS OF CHANGES IN NET FUNDS

ANALYSIS OF CHANGES IN NET FUNDS
At 1/4/23 Cash flow At 31/3/24
£ £ £
Net cash
Cash at bank and in hand 176,008 41,274 217,282
176,008 41,274 217,282
Total 176,008 41,274 217,282

The notes form part of these financial statements

Page 12

LEARNING PARTNERSHIPS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

1. GENERAL INFORMATION

Learning Partnerships is a charitable company limited by guarantee, incorporated in England and Wales. The registered office is The Burton Business Park, Hudson Road, Leeds LS9 6DJ.

The members of the charitable company are the Trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £10 per member of the charitable company.

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)', 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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the charities accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Going concern

The trustees consider that there are no material uncertainties about the Charity's ability to continue for a period of not less than 12 months from the date of the approval of the financial statements. Accordingly the financial statements have been prepared on the going concern basis.

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.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind are included in the SOFA at an amount which estimates their monetary value to the charity.

Donations are recognised in income when they become receivable.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

continued...

Page 13

LEARNING PARTNERSHIPS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Operating leases

Rentals payable under operating leases are charged to the SOFA on a straight line basis over the period of the lease.

Pension contributions

The charity operates a defined pension contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

3. DONATIONS, GRANTS AND LEGACIES

Donations
Gifts in kind		 2024
£
20,951
46,300
67,251		 2023
£
25,281
46,300
71,581

continued...

Page 14

LEARNING PARTNERSHIPS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

4.
OTHER TRADING ACTIVITIES
Fundraising events
Service delivery
5.
INVESTMENT INCOME
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Support for schools and
Grants
Support for disadvantaged young people, adults
and families
Grants
Organisational development
Grants received, included in the above, are as follows:
Adult Learning
Stronger Families
CAF
Healthier Working Futures
Builder ABCD
Kick Start
H Smith Future Opportunities
CLLD New Opportunities
Household Support Fund
Warm Spaces
Roots & Shoots
Lets Read
Garfield Weston Foundation
Single Parent Power		 2024
£
15
5,008
5,023
2024
£
8,905
2024
£
462,688
-
462,688
2024
£
197,765
-
-
-
25,000
-
-
-
13,300
12,900
21,651
30,475
40,000
121,597
462,688		 2023
£
7,967
11,241
19,208
2023
£
5,147
2023
£
415,873
47,520		 2023
£
7,967
11,241
19,208
463,393
2023
£
233,882
97,107
47,520
4,021
25,500
2,245
21,100
21,818
8,700
1,500
-
-
-
-
463,393

continued...

Page 15

LEARNING PARTNERSHIPS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

7. RAISING FUNDS

Other trading activities

Other trading activities
Staff costs
Service delivery costs		 2024
£
12,807
1,425
14,232		 2023
£
6,568
4,270
10,838

8. CHARITABLE ACTIVITIES COSTS

9.

Support for schools
Support for disadvantaged young people,
adults and families
Organisational development
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Staff expenses
Project costs
Postage and stationery		 Direct
Costs (see
note 9)
£
13,492
248,779
24,986
287,257		 Support
costs (see
note 10)
£
20,566
185,096
4,351
210,013
2024
£
250,908
1,485
29,118
5,746
287,257		 Totals
£
34,058
433,875
29,337
497,270
2023
£
405,644
1,227
78,933
962
486,766

10. SUPPORT COSTS

Governance
Management
costs
£
£
Support for schools
20,266
300
Support for disadvantaged young people, adults
and families
182,396
2,700
Organisational development
4,351
-
207,013
3,000		 Totals
£
20,566
185,096
4,351
210,013

continued...

Page 16

LEARNING PARTNERSHIPS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

10. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Salary costs
Rates and water
Insurance
Staff expenses
Recruitment
Premises expenses
Sundries
Independent examination fees		 Support for
Support
disadvantaged
for
young people
Organisational
schools
etc
development
£
£
£
12,432
111,892
4,351
213
1,911
-
236
2,123
-
13
125
-
45
404
-
6,403
57,624
-
924
8,317
-
300
2,700
-
20,566
185,096
4,351		 2024
Total
activities
£
128,675
2,124
2,359
138
449
64,027
9,241
3,000
210,013		 2023
Total
activities
£
89,297
4,400
4,207
1,245
2,467
68,927
1,046
3,775
175,364

11. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£ £
Independent examination fees 3,000 3,775
Operating lease expenditure 1,952 1,472

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.

13. STAFF COSTS

Salaries
Social security costs
Pension costs
Redundancy costs
Healthcare and other costs		 2024
£
355,887
24,077
8,690
4,000
1,161
393,815		 2023
£
453,370
36,584
11,296
-
286
501,509

The charity considers its key management personnel (in addition to the board of trustees) to be the Chief Executive. The total employment costs to the Charity of the key management personnel was £57,145 (2023: £88,345).

continued...

Page 17

LEARNING PARTNERSHIPS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

13. STAFF COSTS - continued

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

Senior Manager
Manager – Full-time
Senior Manager - Part-time
Administration – Full-time
Administration - Part-time
Project Staff – Full-time
Project Staff - Part-time		 2024
1
2
-
1
5
2
8
19		 2023
1
-
2
-
3
6
12
24

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

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations, grants and legacies
50,509
Charitable activities
Support for disadvantaged young people, adults
and families
233,882
Organisational Development
-
Other trading activities
19,209
Investment income
5,147
Total
308,747
EXPENDITURE ON
Raising funds
8,519
Charitable activities
Support for schools
8,260
Support for disadvantaged young people, adults
and families
224,292
Organisational Development
-
Total
241,071
NET INCOME/(EXPENDITURE)
67,676
Transfers between funds
25,000
Net movement in funds
92,676
RECONCILIATION OF FUNDS
Total funds brought forward
83,624
TOTAL FUNDS CARRIED FORWARD
176,300		 Restricted
funds
£
21,072
181,991
47,520
-
-
250,583
2,319
33,333
218,795
177,450
431,897
(181,314)
(25,000)
(206,314)
245,221
38,907		 Total
funds
£
71,581
415,873
47,520
19,209
5,147
559,330
10,838
41,593
443,087
177,450
672,968
(113,638)
-
(113,638)
328,845
215,207

continued...

Page 18

LEARNING PARTNERSHIPS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Debtors in the ordinary course
of activities
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors in the ordinary course of activities
Other creditors
Accruals and deferred income		 2024
£
6,701
37,938
44,639
2024
£
647
7,994
5,708
14,349		 2023
£
2,512
57,015
59,527
2023
£
3,579
11,043
5,706
20,328

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

17. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Roots & Shoots
CAF
Community Builder ABCD
Household Support Fund
Adult Volunteering
Warm Spaces
Single Parent Power
TOTAL FUNDS		 Net

movement

At 1/4/23
in funds
£
£
176,300
(12,021)
4,309
3,166
(275)
-
23,073
10,403
1,234
2,777
9,066
14,786
1,500
738
-
12,516
38,907
44,386
215,207
32,365		 2024
£
793
-
793
Transfers
between
funds

£
(275)
-
275
-
-
-
-
-
275
-		 2023
£
1,472
793
2,265
At
31/3/24
£
164,004
7,475
-
33,476
4,011
23,852
2,238
12,516		 2023
£
1,472
793
2,265
83,568
247,572

18. MOVEMENT IN FUNDS

continued...

Page 19

LEARNING PARTNERSHIPS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

18. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Roots & Shoots
Community Builder ABCD
Household Support Fund
Adult Volunteering
Warm Spaces
Single Parent Power
TOTAL FUNDS		 Incoming
resources
£
318,863
21,652
25,080
13,300
30,475
12,900
121,597
225,004
543,867		 Resources
Movement
expended
in funds
£
£
(330,884)
(12,021)
(18,486)
3,166
(14,677)
10,403
(10,523)
2,777
(15,689)
14,786
(12,162)
738
(109,081)
12,516
(180,618)
44,386
(511,502)
32,365

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
2 Way Street
CAF
CAF 10K Account
CLLD New Oppurtunities
Community Builder ABC
H Smith Future Oppurtunities
Healthier Working Futures
Household Support Fund
Kickstart
Stronger Families
Adult Volunteering
Warm Spaces
TOTAL FUNDS		 Net
movement
At 1/4/22
in funds
£
£
83,624
67,676
17,797
(13,488)
119,655
(119,930)
10,000
(10,000)
4,870
(4,870)
59,887
(11,814)
10,526
(10,526)
2,170
(2,170)
-
1,234
1,215
(1,215)
8,943
(8,943)
10,158
(1,092)
-
1,500
245,221
(181,314)
328,845
(113,638)		 Transfers
between
funds
£
25,000
-
-
-
-
(25,000)
-
-
-
-
-
-
-
(25,000)
-		 At
31/3/23
£
176,300
4,309
(275)
-
-
23,073
-
-
1,234
-
-
9,066
1,500
38,907
215,207

continued...

Page 20

LEARNING PARTNERSHIPS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

18. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
2 Way Street
CAF
CAF 10K Account
CLLD New Opportunities
Community Builder ABC
H Smith Future Opportunities
Healthier Working Futures
Household Support Fund
Kickstart
Stronger Families
Adult Volunteering
Warm Spaces
TOTAL FUNDS		 Incoming
resources
£
308,747
4,270
47,520
-
21,818
25,500
21,100
4,020
8,700
2,245
97,106
16,802
1,500
250,583
559,330		 Resources
Movement
expended
in funds
£
£
(241,071)
67,676
(17,758)
(13,488)
(167,450)
(119,930)
(10,000)
(10,000)
(26,688)
(4,870)
(37,314)
(11,814)
(31,626)
(10,526)
(6,190)
(2,170)
(7,466)
1,234
(3,460)
(1,215)
(106,049)
(8,943)
(17,894)
(1,092)
-
1,500
(431,896)
(181,314)
(672,968)
(113,638)

Community Builder ABCD Working with the local community as community connectors to bring about positive change.

Single Parent Power Providing help overcoming barriers to unemployed or inactive single parent families with moving towards or gaining employment.

Warm Spaces Supporting local warm spaces to provide support with loneliness, poverty, connection and warmth.

Household Support Fund Helping local low-income household towards essential items such as beds, food, utilities.

Roots and Shoots Working with schools and residents to deliver healthy eating campaigns.

Lets Read Individual support for disadvantaged children to help them attain literacy and language skills.

continued...

Page 21

LEARNING PARTNERSHIPS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2024.

20. PENSION SCHEME

The company contributes to defined contribution pension schemes. The pension cost charged for the year represents contributions payable by the group to the schemes and amounted to £8,670 (2023: £11,296).

There were outstanding contributions payable to the schemes as at 31st March 2024 of £2,111 (2023: £3,286).

Page 22