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 2025 FOR LEARNING PARTNERSHIPS Thomas Coombs Limited Chartered Accountsnts 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 2025 Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Financial ACtItieS io Balance Sheet li Cash Flow Statement 12 Notes to the Cash Flow Statement 13 Notes to the Financial Statements 14 to 22
LEARNING PARTNERSHIPS REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2025 TRUSTEES T Murray (Chairl M Tudge D P Chong J J Burton C M L Beech Iresigned 3191241 J Clare J H J Hosegood A D Warren l H Shah (appointed 21171251 J Hirst lappointed 3/9124} COMPANY SECRETARY M Tudge REGISTERED OFFICE Learning Partnerships The Burton Business Park Hudson Road Leeds LS9 6DJ REGISTERED COMPANY NUMBER 02628224 (England and Wales) REGISTERED CHARITY NUMBER 1003603 INDEPENDENT EXAMINER Thomas Coombs Limited Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leed5 West Yorkshire LS15 8ZB BANKERS Santander Bootle Merseyside L30 4GB Page I
LEARNING PARTNERSHIPS (REGISTERED NUMBER: 02628224) REPORT OF THETRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 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 2025. 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 IFRS 1021 (effective l January 20191. OBJEcfivES AND AcfiviTIES Learning Partnerships is a Leeds based educational charity with over 34 years, experience of working within inner-city Leeds to develop innovative project5, 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 ward5 of Leeds. The communrties are characterised by poor housing, low ski115. 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 Charwty Commission's general guidance on public benefit when reviewing our objectives and in planning our future activities. The aims of Learning Partnerships are undertaken specrfically 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 reengage 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: QUALITY: we deliver excellence and quality in all that we do INTEGRITY- we are guided by honesty, fairness and respect for each other - DEDICATION.. we show pride, enthusiasm and commitment in everything we do RESPONSIVENESS= we adapt provision and tailor 5UPPOrt to individual need5 - TRUST.. we are recognised and trusted for our passion and ability to deliver and achieve positive outcomes Our Social Ob'ectives: Removing the barriers to learning Improving skills of individuals, enabling them to progress into learning or employment. Increasing life chances, aspirations and choices of children. young people and adults in Leeds Reducing poverty and inequality Supporting cohesion and integration in local communities Improve service users confidence and self esteem Further develop our work with schools, children's centres and other related services Engage communities and build trust Our Business Ob ectives: Increasing revenue to ensure the charity's future sustainability and growth Strengthening the governance of the Charity Increasing our visibility with new/improved communication and marketing channels Improving/maintaining employee benefits and wellbeing to retain existing staff and attract new talent - To develop cross sector partnerships The above aims and objectives meet the public benefit criteria as defined in the Charities Act 2011. Page 2
LEARNING PARTNERSHIPS (REGISTERED NUMBER: 02628224) REPORT OF THETRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 08JECTIVES AND AcnviTIES Programmes and Projects Let's Read Pro ramme Improving literacy, improving lives. The Let's Read Programme facilitates individual reading support for children attending primary school in some of the most deprived areas of Leeds. There is much evidence regarding the gap between the attainment of disadvantaged pupils and other pupils. In 2024, this represented a 17-percentage point gap. Only 62% of disadvantaged pupils met the expected standard in reading compared to 79% of non-disadvantaged pupils. These educational attainment gaps are also linked to other life outcomes including employment, income, health and criminality- The Let'5 Read Programme aims to help schools to bridge that gap through the provision of a rolling programme of recruitment, training, and co-ordination for volunteers from local businesses and communities. Volunteers give a minimum of 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. Who benefits: The programme has grown significantly over the last year with an average of 65 volunteers visiting 13 primary schools on a weekly basis. This means that over 300 children benefit from individual reading support every week. Roots & Shoots Roots & Shoots is a small growing project transformrng a neglected piece of local land in LS9 into a thriving community garden and orchard. We support volunteers to sow, grow and haNest their own flowers, fruit and vegetables which they can then take home to share with others. Volunteers benefit from professional horticulture and community action support, while improving physical and mental health and wellbeing. and meeting others in their locality from different cultures and backgrounds. Over the year an average of 9 volunteers have given up their free time to make their area a better place to be, while benefitting from free fresh produce. Who benefits: Children, young people & adults from the most deprived areas in East Leeds. Adult and Communit Learnin Our Adult Learning Programme delivers a range of courses for residents in the Leeds Cty Region aged 19+ who are unemployed, have a low income or have skill barriers preventing or limiting employment opportunities. The programmes delivered under this area are, Developing You (Health & Wellbeing). Best of Me (Employability / Confidence buildingl. English Speaker5 of Other Languages IESOLI, Customer Service & You Isupport with employability skills to help local residents gain employment in the NHS and healthcare partners), Careers in Housing15UPPOrt with employability 5ki11s to help local residents gain employment within the social housing sector) 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, as well as roles within social housing work,. In this period we have supported 70 participants. with 64% moving into employment. Adult Learning is funded through the West Yorkshire Combined Authority on a 3-year funding cycle until July 2025 Ireviewed annually). Our Digital skills courses have continued this year. allowing learners to work at their own pace while being supported by a tutor to achieve modules from our essential digital skills curriculum. Referrals continue to increase, and, in this period. we have supported over 60 learner5, many of whom have chosen to return to progress onto further modules or further learning with us or accredited providers. 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 98% achieved and progressed to further training or work. All of our Adult Learning programmes are delivered rn the top IO% 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 (REGISTERED NUMBER: 02628224) REPORT OF THETRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Asset Based Communi Oevelo rnent ABCD - Cornmun Builder We have continued the fabulous work of ABCD Community Builder programme working with the local community in the Clifton & Nowells area of East Leeds. ABCD starts from a place that prioritises and celebrates the strength5 and assets communities have, rather than focusing on what is wrong in communities and needs fixing. Our Community Builder spends time getting to know local people, looking for similar interests and passions, helping to connert people and looking for those people who are natural community connertors. someone who people are drawn to, who has a natural enthusiasm and can bring people together. Over the past year residents have taken part in community activities. taking the lead and building stronger relationships with families and neighbours. A playstreet event in October 24 was a prime example of this, engaging 6 volunteers to provide a closed street for 3 hours allowing children to play. cycle. run and create their own adventures without the worry and stress of traffic Through the engagement and motivation of the local people as 'Community Connectors, the Community Builder can support and empower them to arrange more activities and bring about more positive change in the area. Who benefits: Residents from the Clifton & Nowells area of East Leeds and the immediate area Sin le Parent Power In its 2nd year of delivery, Single Parent Power aims 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 I'.1 help and guidance with employability skills. Our Counsellor/Wellbeing Worker offers support around mental health and wellbeing to all participants. From Apr 24 -march 25, the programme has enrolled 62 single parents, of which 48 have progressed into employment or training and 8 have engaged with our counselling service, wwth our coun5ellor providing 90 counselling sessions over the past year. Who benefits: Unemployed or inattive single parents living in East Leeds with a minimum of one dependent child. Household Su ort Fund Over the financial year, we received £18,000 from the Household Support Fund. This allowed us to manage and distribute the funding to SUPPOrt households most in need in the Burmantofts and Richmond Hill ward. Funding was used to offer practical financial support such as food vouchers, food and hygiene parcels, carpet fitting. fuel support, school uniform, furniture, blankets, pest treatment and wider support Who benefits- Residents of Burmantofts and Richmond Hill Warm S aces We were delighted to receive £5586.22 to manage and distribute funding to support welcome spaces in the area. The spaces are intended to provide an opportunity for residents to socialise. enjoy free refreshments andlor games. Thanks to the fundin& we were able to contribute to the running of six welcome spaces in the Burmantofts and Richmond Hill ward. This included developing our own Welcome Space at Nowell Mount Community Cent. Who benefits= Residents of Burmantofts and Richmond Hill UKSPF Listenin Exercise Receiving £13,500 thanks to the UKSPF Listening Exercise. we were able to lead resident engagement work within the Burmantofts and Richmond Hill ward. This resulted in us discussing strengths/improvements within the ward with over 1500 residents. We also completed numerous focus groups, with 121 residents taking part. The success of the programme led to us receiving an additional £10,000. which we used to organise five information markets in local schools/community centres. We were also able to fund a volunteer networking event, where volunteers could share good practice with local organisations. The funding a150 allowed us to create and distribute the first BRH resident newsletter, which we funded to be distributed to 12,000 properties across the ward. Who benefits- Residents of Burmantofts and Richmond Hill Page 4
LEARNING PARTNERSHIPS (REGISTERED NUMBER: 02628224) REPORT OF THETRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 UKSPF H rlocal Sertor Trainin and Healthcare recwitment In July 24 we were delighted to receive funding from the UK Shared Prosperity Fund IUKSPFI to provide wrap around 5UPPOrt to priority Eroupslpriority neighbourhoods to enable local residents to access employment opportunities in the NHS/wider Care sector. Working in partnership with Leeds City Council employment & Skills and the Leeds Health and Care academy, 130 adults were 5UPPOrted to move them into or closer to employment andlor other suitable training. We also worked c105ely with the Care Visa Sponsorship team supporting workers who were being displaced. Support included group trainin& Math and English, ESOL and Digital support. Who benefits= Unemployed adutts living in Leeds. UKSPF Social Action In November 24 we were excited to be able to support the UKSPF Communities and Place pillar l objectives and be an integral part of managing the fund. Focusing on activities in the 6 priority wards of Leeds and aimed at enhancing employment and skills support for those hardest to reach through local community organisations. Ending in March 25. a total of 37 events were delivered, such as employment drop ins. cooking ses5ion5. ESOL classes. and apprenticeship support. In addrtion. 20 existing and new volunteers were supported help promote and attend the local employment & skills activities and events. Who benefits= Residents living in disadvantaged communities. Burmantofts & Richmond Hill Communi Anchor Network BRHCAN Community Learning Partnerships employ an admrnrstrative support worker for the Burmantofts & Richmond Hill Community Anchor Network to co-ordinate the patch meetings and disseminate information about the activities in the area. Who benefits= Residents of Burmantofts and Richmond Hill en Twst In December 2024, Igen trust kindly donated £IOOO to support individuals and families over the festivelwinter period. This allowed us to purchase blankets, hygiene products, food and Christmas presents for those in need. The money allowed us to support individuals that would ordinarily be harder to reach. For example. donations made to the local church enabled events to be ran over Christmas so that the homeless had a place to enjoy food and company. Additionally, elderly attendees of our local gardening group were supported with items to attempt to keep them warmer. Who benefits= adults. young people, community volunteers. residents. schools and churches in East Leeds Doll Parton Ima ination Libra DPIL Community Learning Partner5hip5 ha5 partnered with Dolly Parton's Imagination Library, to bring free books for children living in East Leedsl The aim is to enrol children aged 0-5 as early as possible into the program no matter their financial background. They then receive a free age-appropriate book in the post every month. enabling them to build their own 'lmagination Library" of up to 60 book5. Supporting the funding are Place5 for People. Clarion Housing. Yorkshire Housing and Connect Housing. targeting families in specific postcode areas within LS8, LS9, LS14 and LS15. Leeds City Council are also supporting by providing family play and stay reading sessions. Who benefits- Children and Families in East Leeds Business Services We have offered a hot desking service in our main office which has resulted in occasional usage from private businesses. In addition we have h05ted a room to a small enterprise to support in their venture. We have also successfully engaged with small business owners and have hosted breakfast and networking events. Some businesses also use Learning Partnerships as a registered business off ice. 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 organi5ation for the Disclosure & Barring Service and generate a small income from offering thi5 facility to business and organisations requiring DBS checks. Page 5
LEARNING PARTNERSHIPS (REGISTERED NUMBER: 02628224) REPORT OF THETRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 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 £687,778 compared with £543,867 in the previous year and expenditure of £602,138 compared with £511,502 in the prior year. This has resulted in a net gain of £85,640 compared to £32,365 in the previous period. This results in a 2025126 carried forward total of Restricted and Unrestrirted funds of £333.212 compared to £247,572 at the start of 2024125. Principal funding sources Funding for major activities ha5 come from Leeds Cwty Council. WYCA and The National Lottery Community Fund Fundraising The Charity strives to achieve the highest fundraising standards and wt values it5 SUPPOrtive funder5. 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. Investment polivi and objertives 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 ènd 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, artivities and objertives. The target level of reserves for the financial year 2024125 was £lOO,000. Unrestricted Funds: The Charity's free reserves total was £128,940 on 31 March 2025 The trustees consider free reserves at 31st March 2025 to be appropriate given that the free reserve is budgeted to reduce in the financial year ended 31st March 2026 due to ongoing projects. Restricted Funds.. The composition and detailed movement of restricted funds is shown in note 16. The balance sheet states the restricted funds were held in the form of cash in the bank accounts. The current level of restrirted funds and the orbgoing funded arrangements relating to those fund5 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. Page 6
LEARNING PARTNERSHIPS (REGISTERED NUMBER: 02628224) REPORT OF THETRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The organi5ation 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 Leed5 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 effettively ès 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 induttion 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 ir)duction to the charity. Organisational stwcture 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 Senior Leadership team has overall oversight of the affairs of the charity and its strategic dirertion, reporting to the General Council. The Senior Leadership team is supported by a senior management team. The Chairman is artively 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 ba51S Wlth 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 15 fair and not out of line with that generally paid for Similar roles. Page 7
LEARNING PARTNERSHIPS (REGISTERED NUMBER: 02628224) REPORT OF THETRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management Internal financial controls are in place to safeguard the charity's assets and to provide the director5 Wlth 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= Financial risks the charity manages the risk that income might fall, and controls are in place to ensure budgets are not overspent. Operational risk5 The Charity ha5 written policies in place for safeguarding children and vulnerable aduh5 including systems for training new and existing volunteers as well as employees, health & safety and dats protection, GDPR and many other activities (including an annual risk assessment review). Employment (human resourcel risk - the charity employs staff for the delivery and management of its objectives. It ha5 policie5 in place for Pensions, Equality, Diversity and Inclusion, Dispute Resolution and Public & Employer Liability Insurance. The Trustees have considered their responsibilities under Legislation including Health & Safety. Employment Law and Safeguarding and have Professional Indemnity Insurance in place. 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 effertive risk management strategy is in place. They report to the full Council on a regular basis. Quality The Charity ha5 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 March 2025, the organisation once again gained Cyber Essentials Certification, certrfying its compliance to the requirements of the Cyber Essentials Scheme. Report of the trustees, incorporating a strategic report. approved by order of the board of trustees, as the company directors, on 19th August 2025 and signed on the board's behalf by.. M Tudge - Trustee Page 8
INDEPENDENT EXAMINER'S REPORTTOTHE TRUSTEES OF LEARNING PARTNERSHIPS Independent examiner's report to the trustees of Learning Partnerships I'the Company'l I report to the charity trustees on my examination of the accounts of the Company fof the year ended 31st March 2025. Responsibilities and basis of report A5 the charity's trustees of the Company land a150 Its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having sat15fied 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 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Art. 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 l am qualified to undertake the examination because l 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.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,. or the accounts do not accord with those records- or 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 the accounts have not been prepared in accordarbce 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 IFRS 10211. 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 Wav Thorpe Park Leeds West Yorkshire LS15 8ZB 19th August 2025 Page 9
LEARNING PARTNERSHIPS STATEMENT OF FINANCIAL AcrivrriES FOR THE YEAR ENDED 31ST MARCH 2025 2025 Total funds 2024 Total funds Unrestritted fund Restrirted funds Notes INCOME AND ENDOWMENTS FROM Donations, grants and legacies 60,264 61,264 67,251 Charitable activities Support for schools and disadvantaged young people. adults and families 171,343 436.693 608.036 422,688 Other trading activities Investment income 7A56 11,022 7A56 11,022 45,023 8,905 Totsl 250.085 437.693 687.778 543,867 EXPENDITURE ON Charitable artivities SLJPPOrt for schools and disadvantaged young people, adults and families Organisational Development 285.147 316.991 602.138 482.166 29,336 Total 285.147 316.991 602,138 511,502 NET INCOME/IEXPENDITUREI 135.0621 120.702 85,640 32,365 RECONCILIATION OF FUNDS Total funds brought forward 164.(XJ4 83.568 247.572 215.207 TOTAL FUNDS CARRIED FORWARD 128.942 204.270 333,212 247,572 The notes form part of these financial statements Page 10
LEARNING PARTNERSHIPS (REGISTERED NUMBER: 02628224) BALANCE SHEET 31ST MARCH 2025 2025 Total funds 2024 Total funds Unrestritted fund Restrirted funds Notes CURRENT ASSErs Debtors Cash at bank and in hand 14 50,601 90.689 50,601 294.959 44,639 217.282 204.270 141,290 204,270 345,560 261,921 CREDITORS Amounts falling due within one year 15 {.348) 112.3481 114,3491 NET CURRENT ASSErs 128.942 204.270 333.212 247,572 TOTAL ASSETS LESS CURRENT LIABILITIES 128.942 204.270 333.212 247.572 NET ASSETS 128.942 204.270 333.212 247.572 FUNDS Unrestricted funds Restricted funds 16 128,942 204.270 164,004 83,568 TOTAL FUNDS 333,212 247,572 The charitable company is entitled to exemption from audit under Section 477 of the Companies Art 2006 for the year ended 31st March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their resFionsibilities for lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 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 Art 2006 relating to financial Statements, so far as applicable to the charitable company. Ibl The financial statements were approved by the Board of Trustees and authorised for issue on 19th August 2025 and were signed on its behalf by.. M Tudge - Trustee The notes form part of these financial statements Page 11
LEARNING PARTNERSHIPS CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Notes Cash flows from operating artivities Cash generated from operations 66.655 32,370 Net cash provided by operating activities 66.655 32,370 Cash flows from investing activities Interest received 11.022 8,905 Net cash provided by investing activities 11,022 8,905 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 77.677 41,275 217,282 176,007 Cash and cash equivalents at the end of the reporting period 294,959 217,282 The notes form part of these financial statements Page 12
LEARNING PARTNERSHIPS NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income for the reporting period las per the Statement of Financial Activrtiesl Adjustments for: Interest received Ilncreaselldecrease in debtors Decrease in creditors 85.640 32,365 111.0221 15.9621 12,IX)11 18,9051 14,889 15,979 Net cash provided by operations 66.655 32,370 ANALYSIS OF CHANGES IN NET FUNDS At 114124 Cash flow At 3113125 Net cash Cash at bank and in hand 217,282 77,677 294,959 217.282 77.677 294.959 Total 217,282 77,677 294.959 The notes form part of these financial statements Page 13
LEARNING PARTNERSHIPS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 GENERAL INFORMATION Learning Partnership5 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 Tru5tee5 named on page l. In the event of the charitable company being wound up, the liability in respect of the Euarantee is limtted to £10 per member of the charitable company. ACCOUNTING POLICIES Basis of preparing the financial ststements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 1021 'Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, 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 assoclated 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 rf 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 Attivities 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 receivèble. Expenditure Expenditure is recognised once there is a legal or construttive 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 artivity 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 artivity are apportioned between those artivities 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 dirertly undertaking the activities which further the company's objectives. a5 well a5 any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 14 continued...
LEARNING PARTNERSHIPS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 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 objertives 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 receivablel 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 recogni5ed 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 recogni5ed when there is an obligation at the balance sheet date as a resu 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 wt 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 15 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 c05t. DONATIONS. GRANTS AND LEGACIES 2025 2024 Donations Gifts in kind 14.964 46.300 20,951 46,300 61,264 67,251 Page 15 continued...
LEARNING PARTNERSHIPS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 OTHER TRADING ACTIVITIES 2025 2024 Fundraising events Service delivery 40,015 5,008 7A56 7A56 45,023 INVESTMENT INCOME 2025 2024 Deposit account interest 11.022 8,905 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Support for schools and disadvantaged young people, adults and families Grants 608,036 422,688 Grants received, included in the above, are as follows.- 2025 2024 Adult Learning Builder ABCO Kick Start Household Support Fund Warm Spaces Single Parent Power Imagination Library BRHCAN Listening Projects Roots & Shoots Hyperlocal Social Action 192,596 25.000 197,765 25,000 52,126 13,300 12,900 121,597 17AOO 6.086 161.854 5,000 12,601 23A99 4.000 130,000 30.000 608,036 422,688 CHARITABLE ACTIVITIES COSTS Dirert C05ts15ee note 81 Support C05ts15ee note 91 Totals Support for schools and disadvantaged young people, adults and families 392.948 209,190 602.138 Page 16 continued...
LEARNING PARTNERSHIPS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 DIRECT COSTS OF CHARITABLE AcnviTIES 2025 2024 Staff costs Staff expenses Project costs Postage and stationery 319.229 5,552 67.006 1.161 265,140 1,485 29,118 5,746 392,948 301,489 SUPPORTCOSTS Governance costs Management Totals Support for schools and disadvantaged young people, adults and families 206.587 2.603 209.190 Support costs, included in the above, are as follows.. 2025 Support for schools and disadvantaged young people, adults and families 2024 Total activities Salary costs Rate5 and water Insurance Staff expenses Recruitment Premises expenses Sundries Payroll costs Independent examination fees 103,063 2.819 2.342 137 6,104 72,972 15,685 3,465 2.603 128,675 2.124 2.359 138 449 64.027 9,241 3.000 209,190 210,013 io. NET INCOMEIIEXPENDITURE) Net incomellexpenditurel is stated after chargingllcreditingl- 2025 2024 Independent examination fees 2.603 3,000 Payroll costs in the support costs inclu(le services provi(led by Thomas Coombs. Page 17 continued...
LEARNING PARTNERSHIPS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 ii. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefrts for the year ended 31st March 2025 nor for the year ended 31st March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. 12. STAFF COSTS 2025 2024 Salaries Social security costs Pension costs Redundancy costs Healthcare and other costs 380.921 30,070 10,029 355,887 24,077 8,690 4,000 1,161 1,272 422.292 393,815 The charity considers its key management personnel lin addition to the board of trustees) to be the Senior Leadership team. The total employment costs to the Charity of the key management personnel was £88,34512024.' £57,145). The average monthly number of employees during the year was as follows= 2025 2024 Senior Leadership Team Senior Executive - Part Year Senior Management- Part Year Project Staff - Full Time Project Staff - Part Time Administration - Full Time Administration - Part Time 19 19 No employees received emoluments in excess of £60.000. 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations, grants and legacies 67,170 81 67,251 Charitable acLivities Support for schools and disadvantaged young people, adults and families 197,765 224,923 422,688 Other trading activities Investment income 45,023 8,905 45,023 8,905 Total 318,863 225,004 543,867 EXPENDITURE ON Page 18 continued...
LEARNING PARTNERSHIPS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES- continued Unrestricted fund Restricted fund5 Total fund5 Charitable artivities Support for schools and disadvantaged young people, adults and families Organisational Development 301,548 29,336 180,618 482,166 29,336 Total 330.884 180.618 511,502 NET INCOMEIIEXPENDITURE} Transfers between funds 112.0211 12751 44.386 275 32,365 Net movement in funds 112,2961 44,661 32,365 RECONCILIATION OF FUNDS Total funds brought forward 176,300 38,907 215,207 TOTAL FUNDS CARRIED FORWARD 164,004 83,568 247,572 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Debtors in the ordinary course of activities Prepayments and accrued income 9,974 40.627 6,701 37,938 50,601 44,639 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Creditors in the ordinary course of activities Other creditors Accruals and deferred income 3.973 5,375 3,000 647 7,994 5,708 12,348 14,349 Page 19 continued...
LEARNING PARTNERSHIPS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 16. MOVEMENT IN FUNDS Net movement in funds At 3113125 At 114124 Unrestrirted funds General fund 164.004 135.062) 128.942 Restricted funds Roots & Shoots Community Builder ABC Household Support Fund Lets Read Warm Spaces Single Parent Power Hyperlocal IGEN TRUST- Hardship funds Imagination Library Listening Project- UKSPF BCAN 7.475 33.476 4,011 23.852 2.238 12,516 16.567) 9,628 11,613) 14.623) 1249) 8,989 95,320 908 43.104 2,398 19.229 1,989 21,505 95,320 5,000 8,326 6.489 8,326 83,568 120,702 204,270 TOTAL FUNDS 247.572 85.640 333.212 Net movement in funds, included in the above are a5 follows= Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 250,084 1285,146) 135,0621 Restricted funds Roots & Shoots Community Builder ABC Household Support Fund Lets Read Warm Spaces Single Parent Power Hyperlocal IGEN TRUST- Hardship funds Imagination Library Social Action UKSPF LCC Listening Project- UKSPF BCAN 110,567) 115,372} 119,013} 125075) 16,335) 1152.865} 134,680) 1999) 16,5671 9.628 11.6131 14,6231 {2491 8,989 95,320 25.000 17.400 21,252 6,086 161.854 130,0(KI I,ooi 5.000 30.000 23,499 12,602 130,0(10} 115,173) 16,113) 8,326 6,489 437,694 1316,992) 120,702 TOTAL FUNDS 687.778 1602.138) 85.640 Page 20 continued...
LEARNING PARTNERSHIPS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 16. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers between funds At 3113124 At 114123 Unrestritted funds General fund 176.300 112.0211 12751 164,004 Restricted funds Roots & Shoots CAF Community Builder ABC Household Support Fund Lets Read Warm Spaces Single Parent Power 4.309 12751 23,073 1.234 9.066 1,500 3.166 7,475 275 10,403 2,777 14.786 738 12,516 33,476 4,011 23,852 2,238 12,516 38,907 44,386 275 83,568 TOTAL FUNDS 215,207 32,365 247,572 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 318,863 1330,8841 112,0211 Restricted funds Roots & Shoots Community Builder ABC Household Support Fund Lets Read Warm Spaces Single Parent Power 21,652 25.080 13.300 30,475 12,900 121,597 118,4861 114,6771 110,5231 115,6891 112,1621 1109,0811 3,166 10,403 2,777 14,786 738 12,516 225,004 1180,6181 44,386 TOTAL FUNDS 543,867 1511.5021 32,365 Page21 continued...
LEARNING PARTNERSHIPS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 16. MOVEMENT IN FUNDS- continued Community BuilderABCD Working with the local community to bring about positive change. Warm Spaces Supporting local warni spaces to provide support wrth loneliness. poverty. connection and warmth. Roots and Shoots Working with residents to transform and maintsin a community garden and orchard. Lets Read IAdult Volunteeringl Adult volunteers providing individual support for disa¢fvantsged children to help them attain literacy and language skills. Hyperlocal - UKSPF Helping Itxal adults gain employment andlor suitable training to get closer to Employment. BCAN Providing support work in the Burmanti)fts & Richmond hill area. Listening Project- UKSPF To lead resident engagement work and organise information markets to support residents acros5 the Burrnantofts & Richmonds hill area. Igen Trust To wpport families over the festi¥e/winter period with essentials such as blankets, hygeine products, food. Single Parent Power Providing help overcoming barriers to unemployed or inartive single parent families with moving towards or gaining employement. Social Action - UKSPF Focusing on enhancing employability and skill support for those to hardest to reach in the 6 priority wards of Leed Imagination Library To supwrt children by providin81)ooks for families of low income. Household Support Fund Helping local low-income households towards essential items such as beds, food, utilities. It is anticipated that fund5 which are overdrawn at the year-end will receive income and will return to credit balance subsequent to the year end. 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31st March 2025. 18. 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 £10,02912024'. £8,6701. There were outstanding contributions payable to the schemes as at 31st March 2025 of £2,00612024: £2,111). Page 22