Leeds Development Education Centre Limited
Charity number 1003862
A company limited by guarantee number 02627506
Annual Report and Financial Statements
for the year ended 31 March 2023
Leeds Development Education Centre Limited
Annual Report and Financial Statements for the year ended 31 March 2023
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 to 11 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Leeds Development Education Centre Limited
Trustees' report for the year ended 31 March 2023
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Martin Wedell Chair Melanie Stockdale Treasurer June Brighouse Patrick Lewis Patricia Sandbach Parminder Smedley Alex Conrads Appointed December 2022 Charity number 1003862 Registered in England and Wales Company number 02627506 Registered in England and Wales Registered and principal address Bankers 70 Cross Green Lane Unity Trust Bank Plc HSBC Leeds Nine Brindleyplace 1 Centenary Square LS9 0DG Birmingham Birmingham B1 2HB B1 1HQ
Independent examiner
Simon Bostrom FCIE West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a company limited by guarantee and was formed on 8 Jul 1991. It is governed by a memorandum and articles of association. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.
Method of recruitment and appointment of trustees
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
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Leeds Development Education Centre Limited
Trustees' report (continued) for the year ended 31 March 2023
Objectives and activities
The charity's objects
To promote, maintain, improve and advance public education, particularly by the promotion of education in world problems of hunger, disease, poverty and ignorance and the solutions thereof and the economic and other problems of developing countries and their relationship with other countries.
Provided always, and for the avoidance of doubt, that the purpose of such objects is to inform and educate the public rather to campaign for a particular policy.
The charity's main activities
To present, promote, organise, provide, manage and produce seminars, workshops, tutorials, conferences and publications to further the promotion, maintenance, improvement and advancement of education.
Leeds DEC provides face-to-face and blended learning training, and curriculum development support, for formal sector education and the informal sector, that includes an online training platform and education resources centre. In particular, the centre provides advice, training and support to schools, communities and the youth sector on Global Learning and local-global issues (including Climate Change; Intercultural Awareness & Understanding; Social Justice; Peace & Conflicts; Global Citizenship; Youth Agency & Action; Human Rights; Values & Perceptions; Critical Literacy).
To assist, advise and support individuals, groups and organisations engaged in development work.
To carry out research in the field of development education and related areas and to disseminate the useful results of such research and related publications.
To supply or provide educational materials or publications.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education, particularly global learning and climate education.
Achievements and performance
In the context of a world waking up to the enormity of climate crisis, inter-state and faith conflicts and other global challenges, the Centre is producing high quality resources, training and consultancy support, including our nationally-recognised climate curriculum framework. Our work with local schools has demonstrated significant demand for accessible Climate Education, Intercultural Understanding and Global Learning to equip their students for an uncertain and complex future.
Financial review
The net expenditure for the year was £43,430, including net income of £368 on unrestricted funds and net expenditure of £43,798 on restricted funds.
Reserves policy
The reserves of the charity are composed of unrestricted funds. These funds are maintained at a sufficient level in order to allow the smooth operation of the charity's activities.
The trustees have reviewed the reserves policy and set an ultimate target to establish a financial reserve of unrestricted funds equivalent to approximately 6 month's total expenditure to cater for possible future contingencies and uncertainties together with the working capital requirements of projects where income is received in arrears. Total spending for 2022/23 was approximately £86,000 making the 6 month target £43,000.
The charity's actual free reserves, excluding fixed assets, at the year end were £250,688.
Given the uncertainties over the funding of GLOBAL LEARNING and other future funding sources and the need to provide matched funding, the trustees are happy to keep the reserve at this level.
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Leeds Development Education Centre Limited Trustees' report (continued) for the year ended 31 March 2023
Statement of trustees' responsibilities
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Approved by the board of trustees on 14/12/2023
Martin Wedell (Trustee)
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Leeds Development Education Centre Limited
Independent examiner's report to the trustees of Leeds Development Education Centre Limited
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2023, which are set out on pages 6 to 11.
Responsibilities and basis of report
As the charity's trustees of the charitable 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 charitable 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 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
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
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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
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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.
Simon Bostrom FCIE
18/12/2023
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Leeds Development Education Centre Limited
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2023
| Notes 2023 Unrestricted funds £ Income from: Grants and service level agreeements (2) - Donations 57 Workshop, courses and training 18,818 Sundry income 220 Bank interest 2,070 Total income 21,165 Expenditure on: Salaries and on costs (3) 12,974 Premises and office costs 5,584 Resources and other project costs 850 Independent examination 1,090 Bad debts 140 Total expenditure 20,638 Net income / (expenditure) 527 Other gains/(losses) (159) Net movement in funds 368 Fund balances brought forward 250,320 Fund balances carried forward (4) 250,688 |
2023 Restricted funds £ 21,839 - - - - 21,839 41,496 237 23,904 - - 65,637 (43,798) - (43,798) 84,357 40,559 |
2023 Total funds £ 21,839 57 18,818 220 2,070 43,004 54,470 5,821 24,754 1,090 140 86,275 (43,271) (159) (43,430) 334,677 291,247 |
2022 Total funds £ 42,266 498 29,345 9,328 121 81,558 66,149 2,128 1,536 840 - 70,653 10,905 392 11,297 323,380 334,677 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Leeds Development Education Centre Limited
Balance sheet
| as at 31 March 2023 2023 Unrestricted £ Current assets Debtors and prepayments (5) 9,538 Cash at bank and in hand (6) 242,879 Total current assets 252,417 Current liabilities: amounts falling due within one year Creditors and accruals (7) 1,729 Total current liabilities 1,729 Net current assets / (liabilities) 250,688 Net assets 250,688 Funds Unrestricted funds 250,688 Restricted funds - Total funds 250,688 |
2023 Restricted £ - 51,048 51,048 10,489 10,489 40,559 40,559 - 40,559 40,559 |
2023 Total £ 9,538 293,927 303,465 12,218 12,218 291,247 291,247 250,688 40,559 291,247 |
2022 Total £ 38,510 298,673 337,183 2,506 2,506 334,677 334,677 250,320 84,357 334,677 |
|---|---|---|---|
For the year ending 31 March 2023 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who are also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 14/12/2023
Martin Wedell (Trustee)
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Leeds Development Education Centre Limited
Notes to the accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
Improvements to premises: over 10 years
Office furniture and equipment: over 4 years
Pensions
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Leeds Development Education Centre Limited
Notes to the accounts continued
for the year ended 31 March 2023
| 2 Grants and donations The Dunhill Medical Trust The Linking Network Leeds Tidal 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2023 Unrestricted funds £ - - - - |
2023 Restricted funds £ 5,167 10,000 6,672 21,839 |
2023 Total funds £ 5,167 10,000 6,672 21,839 2023 £ 48,422 3,883 (3,883) 6,048 54,470 |
2022 Total funds £ 31,000 7,000 4,266 42,266 2022 £ 58,799 3,779 (3,779) 7,350 66,149 |
|---|---|---|---|---|
The average number of employees during the year was 2.5, being an average of 1.7 full time equivalent (2022: 4.4, 2 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme Costs of the scheme to the charity for the year Amount of any contributions outstanding at the year end Amount of any contributions prepaid at the year end 4 Restricted funds Balance b/f Incoming £ £ Dunhill Med. Trust (Intergen) 9,415 5,167 Leeds Tidal 336 6,672 British Council (ERASMUS+) 57,218 - The Linking Network 17,388 7,000 The Linking Network (Intergen) - 3,000 84,357 21,839 |
Outgoing £ 14,582 5,133 37,509 7,213 1,200 65,637 |
2023 £ 6,048 756 693 Transfers £ - - - - - - |
2022 £ 7,350 974 - Balance c/f £ - 1,875 19,709 17,175 1,800 40,559 |
|---|---|---|---|
Fund name
Dunhill Med. Trust (Intergen)
Leeds Tidal British Council (ERASMUS+)
The Linking Network
Purpose of restriction
Towards the costs of the #iwill 'Intergenerational Linking' project which brings together primary schools and care homes to develop long term volunteering opportunities and to connect care home residents with their local communities.
Towards the 'Climate Action Leeds' project.
Towards the 'Climate curriculum for climate action' project, aimed at addressing climate challenges across schools in four countries. This is a project to help schools with awareness of global issues.
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Leeds Development Education Centre Limited
Notes to the accounts continued
for the year ended 31 March 2023
4 Restricted funds continued
Fund name
The Linking Network (Intergen)
Purpose of restriction
Additional funding towards the costs of the #iwill 'Intergenerational Linking' project which brings together primary schools and care homes to develop long term volunteering opportunities and to connect care home residents with their local communities.
| 5 Debtors and prepayments Debtors Prepayments Accrued income 6 Cash at bank and in hand Cash at bank Cash in hand 7 Creditors and accruals Accruals for partner payments Bank loans and overdrafts Accruals Taxation and social security Other creditors |
2023 £ 9,538 - - 9,538 2023 £ 293,927 - 293,927 2023 £ 10,489 - 990 676 63 12,218 |
2022 £ 15,150 89 23,271 38,510 2022 £ 298,673 - 298,673 2022 £ - 8 840 684 974 2,506 |
|---|---|---|
8 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
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Leeds Development Education Centre Limited
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2023
| 2023 2022 Unrestricted Unrestricted funds funds £ £ Income Grants and service level agreeement - - Donations 57 498 Workshop, courses and training 18,818 29,345 Sundry income 220 9,328 Bank interest 2,070 121 Total income 21,165 39,292 Expenditure Salaries and on costs 12,974 - Premises and office costs 5,584 220 Resources and other project costs 850 720 Independent examination 1,090 840 Bad debts 140 - Total expenditure 20,638 1,780 Net income / (expenditure) 527 37,512 Other gains/(losses) (159) 392 Net movement in funds 368 37,904 Fund balances brought forward 250,320 212,416 Fund balances carried forward 250,688 250,320 |
2023 Restricted funds £ 21,839 - - - - 21,839 41,496 237 23,904 - - 65,637 (43,798) - (43,798) 84,357 40,559 |
2022 Restricted funds £ 42,266 - - - - 42,266 66,149 1,908 816 - 68,873 (26,607) - (26,607) 110,964 84,357 |
2023 Total funds £ 21,839 57 18,818 220 2,070 43,004 54,470 5,821 24,754 1,090 140 86,275 (43,271) (159) (43,430) 334,677 291,247 |
2022 Total funds £ 42,266 498 29,345 9,328 121 81,558 66,149 2,128 1,536 840 - 70,653 10,905 392 11,297 323,380 334,677 |
|---|---|---|---|---|
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