Compaiiy registration nuiiiber: 03084746 Charity registration number: 1048645 Landau Limited (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 tkceniber 2023 ><. , Landau changing lives creating futures Landau Limited Contents K¢ference Hnd Administrative Details Chief Execiitive Offic¢r'$ Summary Chaiiperson's Statement Trustees, Report 4tu7 Independeijt Audilors, R¢port 8t0 11 Statement of Financial Activiti 12to 13 Balan¢e Sheet 14 Statement of Casli Flows l5 Notag to the Financial Statemcnts J6to32 LAndAU Limited Reference and Administrative Details Tyustees M L Kiie, Chairyerson R D Langford H E Oliver M J Shields T C Dangcrficld S RoberLs Chief EAeeutive Officei. Chai4ty Reglstl'Atloii Number 1048645 ConipAny Registratlou Number 03084746 The charity is iiicorporated in England & Wales. 5 Landau Court Tan B¥rtk Wellington Telford TFI IHE R¢gi$tcred Offl¢e Audltoy CBSL A¢¢ountants Limited Chartered A¢￿U￿￿￿ts and Statuiory Auditors Rowan House North l The Professional Quarter Slircwsbury Business Park Shrewsbury Shropshire SY2 6LG Page I Landau Limited Chief Executive Officer's Summary for the Year Ended 31 December 2023 I share great pride 8nd a profound sL￿￿e of accomplishment that 2023 ellcapsulates a ye8r matked by resilienc4 IllllOV8li0￿ and unwavering conm]ilment to ovr mission of empoweri1￿ individuals through transforn￿tiv¢ Bining and employment opportunities. This year has been transfornative for IAndau. We h&vc successfully navigated the complexitTes of a dyn&mic economic envirotunent wliil8 achieving gignifLcarLt mileston&s. Our fLnall¢illl perfonnance this year reflects Qui. Strategic vision and pNdent management. We llave i)ot oiily met but excceded our financial tsrgels, ensuring that we kr¢ well_positioned lo contitjue our mis5ioiI-driven work. strong findnLial health allows us to reinvest in our programs, enhxnc¢ our s￿VIce dBlivery, and rea¢h ¢vcJ) tnor¢ uidividuals wbo can benefit from our support. The heart of our work Iics ITA the impacl we make on the lives of our clients. This year, we hav¢ suppoi'led a record number of individuals lli overcoming bartiets to employment, equipping them with the skills. cortfidence, and Oppo￿)n]¢1eS needed to succeed. Our partnerships with lo￿1 busincsscs, cducational institulions, and community oi'ganisa1ions have been pivotal in this success, fostering a ¢ollabDralive approa¢h to cominuiiity upliftment. Our achievements are ¢1 ¢￿tament to the dedication and hard work of our cxc¢plional team. Their possion foi. our niission. combined with their expcrtise and innovative spirit, driven ouy succ¢s5. We &r¢ ¢onunitted to tnaintalning o ¢ulture of excellence, whei'e continuous improveinent and cli¢ntrf¢ntric approaches are at the forefrottt of eveNhing w¢ do. Looking forward, we are filled with optimism and detemiination. We will ¢ontinue to explore Dew opportunities for Erowth, eithance our service olTeiings. and deepen our impa¢L Our stralegic goals iJ)olud¢ ￿pandIng our reach, leveraging technology to improve service delivery) and Strengthening our partnerships to create a tobust support nelwod( for our clients. I extend my sincere 8Talitude to ow board, staff, partners, and supporters. Your unwavering belicf in our mission and your continued suppoit are the comerslones of our success. Together, wc are iiiaking a profound difference in the lives of many, and I am excited about what the fvture hold$ for Landau. That￿ you for your ttust and cornmitment, S Rob¢rts Chief Exe¢utive Officer Page 2 LaDdau Limited Chairperson's Statement for the Year Ended 31 December 2023 As Clialrman of Landlu Llmited. the supported training and employment charltable company, I am pleased to present our Annual Financial Accounts for the year ending 31st December 2023. This past year has be¢n one of stability. resilience, and transfonn&tion for our orgaDisation, underscorinB our commitment to inclusive ts7ining and ¢mployment opportunitie5. The economi¢ landscape in 2023 presentcd significant challenges. However. oui. um¥avering dedication to our mission allowed us to navi8ate th&8e turbulenl tirnes sucC￿fillIy. Ow strat¢gic investments in tecl)nology) s¢Aff Irdinins and community paitttei'sliips have enabled us to conunue delivering liigl?-quality scrvices to oui. clients. Our fii)ancial perfonnancc for the year has been robust. Through prudent finaiici41 management and a strateEiC foGus oil siistainability, wt bave maintaincd a strong financial positiOD. Against a backdrop of increastng staffing. utilities. and prcmises costs. we achieved a net surplus of £106,159. This stability not only rcflects our ability to manag¢ resources effectivcty but a180 ensures that w¢ ran continue to invest in our pi'ograms and infrastru¢ture for the fvtur¢. At the heart of our success is our unwavering ¢ommitsnent to mission; to support individuals in ov¢rcoming b￿rierS to ¢mployment ihrou8h tailored training and development opportuniti¢s. Our dedicated team, partn¢r4 And stakeholders hsve worked tirelessly to moJ(e a tangible difference in the lives of those w¢ suve. Their passion and dedication are the thiving forces behind our achievements. As we look to the fitttire, we are excited about the opportunili&s that lie the4d, We wlll conilnuc to innovate, &dapL and eXp￿d our serviccs to meet the ever-chfin8ing ne¢d5 of our conimunity. Our focus will remain on fostering incI￿1VIty, enhancing employability, and 5UPPQrting the personal and professional 8rowth of ¢v¢ry individual we serv¢. In conclusion, I extend my heartfelt Eralitude to our stsff, partners. supporters, and the individuals who trust us with their journeys towards employment. Together, we have madc 5ignifLcant slrides, and together. we wlll continu¢ to build 4 more inclusAve 8nd empowered community. That* you for your continued support and dedication. M L Ilite Cliairperson Pagc 3 Landau Limited Trustees, Report The trustees, who ar¢ dlreGtors for the purposes of company law. present the annual report tooether with the fmancial statemeiits and auditors, report of the charitable company for die yvJr ¥nded 31 December 2023, Strutture? governan¢e and mJnag¢ment Naiiire ofgoveriiing dociiRi¢nl The Gharity is a company limited by Euarant¢¢ and is governed by its Memorandum and Articles of Association on incorporation on 27 July 1995 aiid superseded by n set dated 30 Api'il 2002. Recrulinienl uiidfippoiiithieiit of Iriislees The subsciibers of th¢ Memorandum and Articles of Association such oiher persons as shall be admitted to mernbership in accotdarnce with th¢ Articles shall be members of the company. The Board of Tnsstees has thc power to appoint any p¢rsons kn be a Tn￿te* Subject to ￿￿￿1￿¢10n ot the next Annual Gcn¢ral Meeting. ArrGiigeiiienlsfor seliliig key infi11rtgev￿I11person1lel remunerntioii The charity considers Ihat its Trustecs and senior managemenl team comprise the key management personnel of the ¢harity in charge of directing and controlling. nllming and operating the charity on a day to day basis. All Trust¢rA give ih¢ir time frvely and no Trustee recelves remun¢ration or expenses in ihe year. The pay of the senior staff is revicwed onnually and nomially increascd in accordhnce witli &verft8c eamings. Organisalionéilslnic¢ure The Chief Executive Officer overseas the opernlion ofthe charity, assxsted by a small managemeiit team. Obj¢etives actlvltle8 Objects and 8linf Landau is a supported empl<)yment and WO￿ related training org￿ls*tion, providing one-to.on4 individual support for vulnerable people. Landau is colnmitled to ¢ll5ure that every pth'son with a learning disability has the opportunity to work aiid thlfil their potential. It is our aim to provid¢ tndividuals with high qu81ity, tailored support to enable Ih¢m to overcome the obstacles ¢0 fulfilling their potential in society. Objecrtves, $lrutegiE& and aclivirfes Our support programmc provides the specialist, high l¢v¢ls of support people r¢quire to be able to flourish within t]ie workplace. Our aim 15 lo Provide support with the aim of finding employmcnt andlor a move towards indepertdent lilring. Page 4 Land2ll Limited Tru5tee5' Report Piihlic beiiefil We hav¢ refcrred to the Charity Commission's general 8uidance on public ben¢fJÉ when reviewing our aims and obje¢tivcs and in planThiJJg our fvture a¢livittcs. The trustee% COnf￿M that they have complied wilh the requirements of section 17 of the Charities Act 2011 to hav¢ du¢ regard to the public benefjt guidanc¢ published by the Ch8rily Commission for England and Walcs. Grftiil iiMkliigpollcle The chèrity has establishcd its grant makiiig policy to achieve its objects and this is revicwcd ai)nually to ensure that it continues to Advance its publi¢ benefit purposes. The charity pay grants fron) its restricted BBO Shropshire, BBO Hereford5hire, ESF Community and All Age Autism fvnds and tlie unrestricted IN2 Employmettt and NEET projects to its partncrs. iiidralsliig dlsclosiires The cliarity dots not ¢arry out Si8nifJ¢8nt fiuidraising activitie5 with the general public and does not use professioiial furtdraiscr or commercial participator to cany out fundraising. Fln¥Melal review Overall incoine for the year reduced from 2022. R¢5tri¢ted income fell from £3.617,775 to £2,700,121 with nurnber of long temi projects coming to an end during the ycar. Unrestricted incofft¢ increased from £2,773.936 to £3,176,338 with increased numbers participating on the GhaTity's core PTogramme5. Given the thanges in projects over Ihe year. the charity's expenditure decreased si8nific&ndy from £6.284,804 to £5,770,300. with the main costs bcing grants paid to partners of £1,903.420 (2022 . £2,279,246) 8nd staff costs of £2,97.1,835 (2022 - £2,915,6O.3), The chority made a net sU￿lUS for the y￿r of £106,159 (2022- £106.907), Polley P￿erveS Unrestricted )l￿dS total £R,115,879 (2022 - £695,352) which are held to rover the expenditure r¢quired for the coiniiig yeai. and the charity int¢nds lo build up I1￿$t funds to eiisure sustaiiiability of ils core servi¢es and maintain them at such a level. Restrided fvnds total £299,549 (2022 - £613,917) and a breakdfjN￿ of these funds can be found in the notes 10 the financial Ststements. Pase 5 Landau Limited Trustees, Report Prlndpalliindlngsomrces Thtt charily would like to thank the following orgaiii58tions for providing principal funding during the year: The National Lottery Community Fund European Social Fwid Constructioii Skills Fund 2g¢ther NHS Foundation Trust The Community Fund for Staffordshire Education and Skills Futtding Agcnry Royal British Legion Telford dnd Wrekin Council Staffordshire Cout]ty Cow)cil Stoke-01)-Trent ciry Counoil Shropshire Council Herefordshire Council Derbyshire City Coun¢il Arnied Forces Covenant Building Shropshire Midlands Partnership University NHS Foundation Twsl NHS England Rlsk rn*llagement Objecilves ¢Mdpollcles The Trt￿teeS hftve a duty to identify gnd review the risks to which the rhariry is cxposed And to ensure appropriat¢ contro15 are in place ¢0 provide reasonable assuranc¢ against fraud and eFror. Stalement of trn8teeJ' respoL3ibllities The trust¢¢s (who ar¢ also the dirertors of Landau Limited for the puryjoses of company law) 8r¢ I'e5ponsiblc for pi'eparing th¢ trustees, r¢poi't and Ilie financial ststements in &¢¢ordance with applicible law #nd Uttiled Kingdom Accounting Standard5 (United Kingdom Generally Accepted AccountiTAg Prac¢i¢o). in¢luding FRS 102 "The Financial Rrporting Siandard applicabl¢ in the UK and Republic of litland" Company Ir¢W irquires the trustees to prepare fitiancial statements for each flnancial year. Under company law the trustees must not approve ihc financial statements unless they are satisfied that they give a tru¢ and fair view of tl)e slate of affairs of the charitable company and of the in¢omin8 resources and application of i'e50ui'ces, including its incorne and cxpenditure. of th¢ rharitable company for that period. In preparing thEse finanoial statements, the trustees 8re requircd ro: select suitablc accounting poli01￿ ond apply them consistently: observc liie methods and pri1)Gipl￿ in the chariti￿ SORP: make judgements and ¢stirnates that are reason&ble and prudeiit. state whether appli¢able #ccouiiting s¢2nd8rd5. comprising FRS 102 have been followed. subject to any material d¢partLires disGlosed and ¢xplained in the fwancial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charilable wrnpany will continue in biisiness. Page 6 Landau Limited Trustees, Report The trustees are responsible for keeplng proper accounting records that can disc105e with reasonable accurtÈCy 8t any tim¢ tlie financial position of the charitable company and enable them to ensur¢ that the financial statements comply with the Companies Aet 2006. They ar¢ also responsible for safeguardin8 Ilie Hsscts of tlie charilabl¢ ompany and hcnce fortaking reasonablc step8 for the prevention and detectton of fraud and other 1￿C8vI￿ritIes. The trustees are responstbl¢ for thc maintenance 8t￿ integrity of the corporate and financial infoillnatlDn inGludcd on the charilable company's w¢bstte. Legislation governing the preparation Aiid disseminRtion of financial slalemen15 may differ from legislation in other jurisdiclions. Diselosurn of InfoA'mation to auditor Each tn]stee h&8 taken slcps that Iliey oU￿1t to have takeii as a trustee in order to make themselves aware of any i'elevant audit infomiation and to &stAblish that the chayity's audilgr is awdre of that infoi'mation. The tiust¢¢s confimi that there is no relevant infomiation that they knoiv of and of which they know the auditor 18 ung4ware. Tl)¢ annual report MYS approved by the tnjstecs of the chw'ity on ... d si8ned on its behalf by: MLKite Trustee Page 7 Landau Limited Independent Auditor's Report to the Members of Landau Limited Opillio We have aiidited tli¢ finaticial statements of Landau Limited (the 'dMrity) for the y￿r ended 31 December 2023, which comprise the Statement of Fiiiancial A￿1vItieS. Balall¢e Sheel Statement of C&sh Flows, and NL)t¢s to tli¢ Financial Statements. including a wmmary of sigi)ificaiit Accounting policies. The financial reportitig franiewoi'k that lias been applied in theii. prepai'ation is United Kin8dom A¢cowiting Staiidards. comprising Charities SORP - fRS 102 The Financial Reporting Slandard applicable in the UK and Republi¢ of Ireland, and applicable law (Unlted Kingdom Generally A¢ttpted Accounting Practice). Its our opinion the finan¢iHI ststements: giv¢ a true and fair view of the State of the charity's affairs as ai 31 Decembcr 2023 and of its incoming resources and application ofresow¢es. including its income and exp¢nditure. for the year then ended. have been properly pieparcd in accordan¢¢ with United Kingdom Generally Accepled Accowiting Practice: and have been prepared in a￿ordanCe with the requirements of the Companies Acl 21)06, BH$l$ for opinlun W¢ conducted our audit in accord&nce with Internation81 Siandards on Auditin8 (UK) (ISAS (UK)) and applicable law. Our respoDSLbililies under those stsndhrds are fi￿er desciibed irt the thuditor re5ponsibiliti¢s for the audit of thE finwicial statements section of our report. Wc are independent of thc charity in accordance with th¢ ethi￿[ r¢quiremenls that arc relevant to our Rudit of th¢ financial stat¢tncnts sn ttie UK, including the FRC'S EthiGal Stsndard, And w¢ have fijlfilled our other ethical rcspollsibilitlc5 in accordence with th￿¢ requirem¢iits. We believe that Ihe audit evid¢n¢e we have obtaii)ed is sufficient and appropriate to provide a basis for our opinion. Conclu8lon8 relatlng to golng eoThe¢rn In auditiiig the financial statements, we hav¢ ¢on¢luded thal the ttitstees use of the going concern ba515 of o¢counÉing in lh¢ preparation of the financial statements is 8ppropriate. Based on the work we hav¢ perft)rtned, w¢ have not identified any material uncertalnties relating to events OT conditions Ihdt, individually or collecltvely, may cast siEnificant doubt on dic Ch￿￿ty,5 abilily to contiiiue as 8 goin8 concern for a period of at least hvelve rnonths frorn when the ori8in81 financial statcmcnts wei'e authorised for issue. Our responsibilitie5 and the resp)nsibiliti¢s of the trustees witb respect to going concern are described in the relevant sections of this report, Pagc 8 Landau Limited Independent Auditor•s Report to the Members of Landau Limited Other informallon Tlie trusteeg are responsible foy the other information. Th¢ other information wnprises the infomution included in th¢ 8nnual report othcr than the financial gtatements and our auditor's report thereon. Our opinion on the finan¢ial statements does not cover the other infomiation and. excepl to the extent othetivise ¢xplicitly stated in our i'eport, we do not express any form of assurance conclusion thereon. Kn ronne¢tion wilh our audit of th¢ financial slatements. our resJx)nsibility is to read the other inforni8fÉon and, in doing so, consider whether the other infonnation is materially inconsistent with the financial statements or our knowledge obtained iii the audit or otherwise appears to be materialls. misstal¢d, If we identify such materiAI Inconsistcncies or apparent material misstatemenLs, are required co detem)ine whether there i,$ a material misstatement ID the finjncial statements or a material mi&statement of th¢ other infonnution. If. based on the work we httve p¢rfomied, we con¢lude that th¢re 18 8 m&terial mi&st8tement of this other inforniation, we dre requircd to report that fact. We have nothing to report in this regard. Opillloll on other mattey prescribed by Ihe Companies Att 2006 Jn our opinioii, based on the work undertaken in the course of the audit". the Information given in Ihe Chairpcrson's Statement and Trustees, Report for the fInanGial year for which the flnancial statem¢nts are prepared is consistent with the finanGig151atements: and th¢ Chairperson's Statement and Trusleeg Report have b¢en prepared in accordance with applicable l¢gil requirements. MAtters on wblcb lye ore required to report by exceptlon En the light of our knowl¢dEe and understanding of ihe charity 8nd its eiivironment obtained in the course of thc audit, we have not identified material misstsl¢ments in the Chairperson's Stat¢inenl and the Tn￿ceS, Report. We have nothing to report in respect of the following matter3 whrfe the Companies Act 2006 requires us to report to you if, in our opiiiion: adequate accounting records have iiol been kept, or returns adequat¢ for our audit hove not been received from branches not visited by us. or th¢ fin8nci41 statements are not in agreement with tlie accounting records and reLurns; or eitain disc105ures of tNstees T¢muneralion specified by law are not made; or we have iiot receiv¢d all the information and explanalions we require for our audit. Reyponslbllltles of trustees As exi)18ined more fijlly in th¢ Statem¢nt of trustees. responsibilities (set oiit on page 6 ￿]d 7). the trustees are responsible for the pieparatioJ) of the financial $t8tements and for b¢ing satisfi¢d thht they give a true and fair view, and for such int¢n￿l rontrol as the tNstees detennine is llec￿sary to enable the preparation of fin3n¢ial st&teJments that are free from material misStatcm¢nl, whether duc to fraud or effor. In preparing Ilie finanrtal ststements. the trustees are respoiisible for assessii?g the charity's ability to coiitinue as a going ron¢ern, disclosittg. as appli¢able, mitters relaled to going concern and using the going ¢oncein b#sis of accounting unless the tn15tees ¢ither intend to liquidote the charity to cease operations. or have no realistic alteTnative but to do so. Page 9 LundAU Limited Independellt Allditor's Report to the Members of Landau Limlted Audltor responslblllties for Ihe oudlt of the fiDaocial ytatements Our objectives are to obtain reasonable assutaiice about whether tl]e fjnancial statements as a whole are free fi'om material misstatement, whether due to fraud or error. and to issue ai) auditor's report that includes oui. opinion. Reasoiiable assurance is a high level of assurance, but is not a guarantee that an audit colid￿ted in accordance with ISAS (UK) will always dclecl a material mAsstatcmeDI wl)eD it exists. Misstatements can aris¢ from fraud or etror and are considered mat¢rial if. individu31ty or in the aggrcgate, they Lould reasi)nably bE expected to influence the economic decisions of uscrs taken on the baxis of these financial stateinents. The exteiit to which pro¢edur¢5 are ¢apable of detecting irregulatiti¢s, including fraud is detailed below: We obtained an undeJstf41idin8 of the legal and regulatory framework5 that are applicable to this charity And its sector &nd detennin¢d Ih4t the most significant are ihosE relatÉng to the reporting framework and the relevant UK tax legislation. b We understood how the ¢h4rity ts complying with those frameworks by making enquiries of m8na8ement and those responsible tor legal and coAipli&nce procedure5. As an audit ¢ngagement tegm, we assessed the s￿￿eptibllity of the charity's financial statebT]ent3 to material misstatement including how fraud rnight o¢Gur and Gonsidered the oppothJniti¢s and incentives that may exist within the ¢harity for fraud. Wc Lonsidered the ¢ontro18 that the charity has established to Jddrcss thc ri$k$ identified to prev¢nl. deter and detect fraud; and how the m￿agement and ttustees monitor those controls. Based on our understandin8 we designed our audit procedures to identify non-CDmpliattc¢ with laws and regulations. Those procedures involved: ¢nquiri&s of management and those char8ed with goveniance. journal ¢nty testing., assessing whetller judgcments in making accounting &81imates are indi¢ative of potential bias. review of financial statement disclosures and tesiing to supporting documentation to d&gess aomplionce with applicable laws and regulations; and evftluating the business rationale of any signifi¢8nt transactions that are unusu81 or outside the norn￿1 Cowse of business. • Where the risk w85 fCTrn$idered to be higher, w¢ perfOrni￿ audit procedures to address each ideftlificd fruud risk or other risk of material misstateinenl. Th￿C procedures inGludcd revenu¥ r¢eognition and t¢sting manual journals 8nd were designed to provide reasonablc 8ssuranee that the finwicial statements were frec from fraud or errnr. We remained alert to any indiealions of fraud or no11￿0mpliallc¢ with laws and re8ulations t]Jroughout the audit. A further description of our reSp(￿SIbIlitIeS is available on the Financial Reporting Council's website ai: www.fr¢.org.uk18uditoi'srcsponsibililies. lkni5 description forrns part of our auditor's reporL Page 10 Landau Llmited Independent Auditor's Report to the Members of Landau Limited Use of Qui, i'tport This ieport is made solely to the charitabl¢ con)pany's trustee4 as a body, in accordanc¢ with Chaptei. 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stAte to the charity's trustees dios¢ matters ive are required to stalc ro tbem in an &udi¢or's report wid for no otlier PUTpose. fo the fullest extent permitted by law, w¢ do not accept or a&sum¢ responsibility to anyon¢ other il)w) the charitable ompany and ils truste&s as a body, for our audil work. for this report, or fr>r the opinions we have fornied. Louise Osselton FCA (Senior Statutory Auditor} For attd on b¢half of CBSL Accountants Lin)ited, sta￿tOry Auditor Rowan House North l The Professional (JiaTler Shrewsbury Business Parf( Shrowsbury Shrop5hire SY2 6LG Date:.,. PaEell Landau Limited Stydtemellt of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Aeeount and Slatement of Total Recognised Gains and Losses) Unre8Érlcted fund$ Restricted funds TotAI 2023 Note lllCOni¢ and EndowmeDtJ from: DonHiions, legacies and graiils Chaiilable activitie5 Iiiveslment income Other incom¢ 97.954 3,068,388 3.029 6.967 2,700.121 2,798.075 3.068,388 3,029 Total income 3 176 338 2.700,121 5.876 459 Expendlturt ON.. Charitable aclivitias 3,119,213) 2,651,087J 5,77CI,300) Total cxpenditurc 3,119.213 2.651.087 (5,770,300 Net inconic Transfers between fimlts 57.l25 363.402 49,034 363,402 106.159 N¢t movemcnt in funds 420,527 (314,368) 106,159 Recouclll#tion of funds Total fimds brought foiTrvard Total funds carried fornvard 695,352 613 917 1309,269 1 115.879 299,549 ,415.428 rhe notes on pages 16 to 32 forni an integral part of these financial Statements. Land2v Limited Statement of Fin2ncial Activities for the Year Ended 31 December 2023 neluding Income and Expenditure Account and Statement of Total Recognised Gains and Loss￿) Comparative figures for the year ended 31 Decemb¢r 2022: Uurestri¢t¢d funds Restricted funds Total 2022 Noto Income and Endowments from: Donations, legacics and 8rants Charitable activities Investment income Other income 31.678 2.737,162 2.944 2.l52 3.617,766 3,649,444 2,737,162 2,953 2,152 Total incorne 2,773,936 3,617,775 6,391,711 Expcndltuye on.. Cliarilable activities .783.025 3,501,779 6,284,804 Total exp¢nditure Net (expenditure)/income Ti'ansfcr5 between fund5 2,71J3,025 3,501,779 6.284.804 (9.089) (3.829) 115,996 3,829 106,907 Net movement in fimd5 (12.918) 119,825 106,907 R¢¢oneiliatlon of thllds Total ￿rtd8 brou8ht forward Total filnds carried forward 708.270 494,092 1202,362 20 695.352 613,917 309,269 All of the charity's activities d¢rive from continuing operations durtng the above two periods. The fiinds brvdkdown for 2023 and 2022 is shown in note 20. The notes on pages 16 to 32 fom an intcgral part of thcse financi￿ statements. Page 13 Landall Limited (Registration number: 03084746) B2Rance Sheet as at 31 December 2023 2023 2022 Nole ix¢d assets Tangibl¢ assets 15 404,652 419,611 Current assets Debtors C85h at bank and Tn hand 16 17 549,178 675,807 1,140,593 556 064 1,224,985 (214,209 1,696,657 Credltors: Amounts falling dye Jvithill olle year 18 (806.999 Ntt ¢urrent Assets ,010,776 889.658 Net assets 1,415,428 1,309,269 Funds of the charlty: Restricted ltteome flltsds Restricted funds 20 299,549 613,917 Ullrestrlcted Income Uiircstrict¢d funds I,I15,879 695,352 TotAI funds 20 InaticiAI statements on pag&$ 12 to 32 were approved by the tnistr&8. and authorised for I￿lle on <. 8nd si8ned on their behdf by: MLKite Trustee The not&s on pages 16 to 32 fonn an tntegral part of thase fU￿ncial statements. Page 14 Landau Limited Statement of Cash Flo)vs for the Year Ended 31 December 2023 2023 2012 Nole Cash flowy from op¢rntln% activlti Net Cabh income 106,159 106,907 Adju¥trnenls to egsh flows from llon-elsh Items Depre¢iation Investsnet]t income E4.959 3.029) 11,864 (2.953 115.818 118.089 Worldllg capit41 Adjustments Decreasel(increase) in debtors (DeGrea5e)lincreas¢ in creditors (Decrellseyincr¢8se in defenrd income Nct cash flows from operating activiues C8sh flows from lllvestlnE aetlvities Interest r¢¢eiYable and similar income Purchas¢ of tangtble fLxed ass¢ts Net cash flows from investing activities Net inci'easel(decrease) in e45h and cash cquivalents Cash and cftsh equivalenls at l Jonuary 16 18 591.415 (231.332) 361.458) (613,662) 29,639 37,410 Il6.714 430,795) 3.029 2,953 58.576 15 3,029 55,623 119.743 (486,418) 1,042,4¥2 556.064 C8sh and cash equivalents at 31 D¢cember 675.807 556,064 All of the cosh flows arc deriv¢d from continuing operations during the above two periods. The notes on pa8es 16 to 32 forni an inte8r21 part of these financial ststements. Page 15 Landau Limited Notes to the Financlal Statements for the Year Ended 31 December 2023 I Cbarity stwtus The charity is limited by guarantee, incorpordted in England & Wales, and conscqucntly d0¢5 Ikot have share apital. Each of the ttvst¢es is liable to contribut¢ an amount not exceeding £1 towards th¢ assets of the oharity in the ¢vent of liquidation. The #ddress of its regist¢rcd office is: 5 Landau Court Tan Bank W¢llington Telford TFI IHE 2 Aceountlng policies Summary ofsl%Mificant occouutlug policies key a¢¢oulltlng ￿tIMAt¢S The prin¢ipal accountlll8 policies applied in the preparation of tliese financial ststements are set out below. These policies have been cot]sis¢ently applied to &ll ihe years presented. unless otheNise stated. Statement of conipllallee The financial statements have been prepared in accordance with the relevant versioiii of the Slateiment of Re¢ommended PraGli¢¢ applicable lo Ch￿ltieS preporing their accounts in accordance with the Finan¢ial R¢porting Standard applic&ble in th¢ UK und Republic of Ir¢laftd (FRS 102) (Charities SORP (FRS 102)), Ilie Finomcial Reporting Standard applicablc in the UK and Republic of Ireland (FRS 102) , the CFwities Act 2011, the Companies Act 2006 and UK Generally Accepted A¢councin8 Practice. BA$ls of pr¢par8tion LAndau Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initiaIly 08nis¢d at hlstorical cost or transaction v8lue unless oth¢rwis¢ sthted in the releV￿t accounting policy notes. Golng ¢oneern Tlie ts￿stees consider that there are no material uncertainties about the charity'5 ability to continue as 8 going ¢oncei'n nor si8nificant aie&s of un¢ertainry that affect the carryin8 value of a&%ets held by the eharity. Income And elldowments All income is recogniscd once the charity has ¢nlitlement to the income. it 1$ probable that the income will be r￿¢￿Ved and tho 4mouni of the income rrxeivablc can be n1¢asu￿d reliably. Income from contracts for the supply of services is recognised with the delivery of the contracted s¢ivic¢. Tliiy Is classified as unrestricted unless the￿ is a contractual requirement for it to b¢ spent on & partiriilar putpose and returned if unspeiil. in which case it may bc regarded as restricted. Doiialions and Ivgaclev Donations ￿'e recognised when the chai'ity hgs been notifjed in writing of both the amount and s¢ttlwi¢n¢ dat¢. In the event that a donation is subjeot to conditions that require a level of pcrforniance by tlie charity befor¢ the tharity is entiiled to the fimds, the incorne is defwrd and nol recognised until either those conditions are fully mel or tlie fiilfilmcnt of those conditiOll5 is wholly within the control of the charity atLd it is probable that these onditions will be ￿lfilled in the rcporting period. Page 16 Landau Limited Notes to the Fillaneial Statements for the Year Ended 31 December 2023 Grants r¢ceiwble Grants are re¢ognised when the chartty has an entitleM￿tt to the ffijnds and any condit10115 linked to th¢ grants have been met. Where performmce conditions are attached to the grant and are yet to be meL the income is recognised as a liability and included oli Il)c balancc sheet as d¢ferred income to be r¢leased. Defei'yed inconie Deferred iiicome represents amounts received for fiiture period5 and is released to incoming resources in the period for whidi, it has been r￿e1ved. Sucl) income is only defured when: The donor specifies that the grant or donation must only be used in futtJ7r accounting period5. or - The donor hos impased conditions which must be met before the charity has unconditional entitlement. Expelldlture All expenditu￿ is recognised once there is a legal or ConStr￿11Ve obllgation to th8t expenditure, It is probablc setll¢m¢nt is required and the amouni Can b¢ measured reliably. Atl costs are Allocated lo the applicable expendithi'e h¢ading that aggre8ate similar costs tr> thxt category. Where costs cgnnot be directly atti'ibuted to particular lieadillgs Ihey have been alloGal¢d oil a basis consistcnt with the use of resources, with central staff costs alloeated on the basi5 of tlme spent, and depreoiation charges aIlocated on th¢ portion of the asset's use. Other support Costs are allocated based on the spread of staff costs. Rdlsliigflliids Tjiese are Gosls ii)cuyred in 8ttr&ctin8 volwrtary in¢om4 the management of inve5trnents and thos¢ incurred iii trading activitles that raise fiinds. Cliarilrtble aclivities Charitable cxpendi￿re comprises those costs inCU￿ed by the charity in the dclivcry of its activities and services for its bcn¢ficiAries. It includes both costs Ihat ¢an be allocated directly to Such activities and those c0515 of aft indirect rtI￿re ne¢essary to support ihem. Grnmtprovisions Pi'ovisions for grants arts mAde when the intention to make o grant has beeii ¢omniiinicRted to the recipient but there is ui)¢ertainty about either the timing of the grant or the ￿n0￿1t of graiit payable. Grants offered subject to certain conditions which have not been met at the year end date are noted as a Commitment not accrned as expenditure. SllPPOrt costs Support costs inolude central fi￿e￿Orn$ and have been &llocated to activity cost categorie5 on 8 basis consistent with the iw of rcsour¢es. Governllnco co8ls These incliide the costs attribiitable to the charity's compliance Ivith constitutionaj and StO￿tOry r¢quir¢mellts, including audit, strategic m3na8emcnl aiid trustees meetings and reimbursed expenscs. P8ge 17 Londau Limited Not￿ to the Fillancial Statements for the Year Ended 31 Deeember 2023 GovErnm¢nt grants Govct?)m¢nt grants are recognised based on th¢ a¢¢wal model and are Measur￿ at the fair value of the Hsset r¢¢eiv¢d or receivabl¢. Gronts are classified as relating either to revenue or to assets. Grants relating to revcnue are recognised in income over the period in which the related costs are recognised. Grants relating to ass¢t& are recowiised over the expected useful life of the asseL Wherc part of a grant relating to ali asset is defen'ed, it is recogiiised as deferred incomc. Taiatlon Tho ¢hHrity is considered to th¢ tests s¥t out in Paragraph I Schedule 6 of th¢ Finonct Act 2010 and therefore it meeL8 tlic detinition of a charitable eompAny for UK corporation tax purposes. Accoi"dingly? the ¢hArity is potcntially exempt from taxation in respect of income or capital gains reeeived within categories covered by Cliapler 3 Part I l of the CoTporalion Tax Art 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, Lo the extent that such income or gaiJJs are applied exclusivcly to Gharitabl¢ purposes. TIN￿b]e fixed assets Individual fixed o5sets c05tina £1,000 or more initiolly recorded at cost. Depreelatlon aud #morltsalloD Dcpi'¥Giation is provided on tatigible fixed assets 50 as to write off the cost or valuation, less any estim&ted residual valu< over their expectcd useful economic life as follows.. Assel class Freehold property Computer equipment Depreciation métliod And rate Nol dcpreciated 254/0 Straight line Borrowlllgs Inlerest-bearing borrowings are initl8lly recorded ai fair valu4 net of transactlon costs. Intere5t-bearing borrowings are subsequently catTied at 8mortised cosL with the difference beiween the proLe¥ds, net of transaction costs. glld tlie amount due on red¢mption being recognis¢d ag a ch&'8e to the St&tement of Financial Activities over the period of the ￿levant borrowin Interest expens¢ is recognised on the basis of the effective interest met11￿￿ and is includcd in irterest payable d similar ¢harge8. Bori'owiftgs are classifted as currthi liabilities unless the charity has an unconditional right to dcf¢r s¢ttlement of the liability for at least twelve months after the re￿)rtIng date. Fund structhr¢ UTireslricled irlcorlle funds are gen¢rnl fimds that are available for use at the trusttts discretion in furflicrance of th¢ objective5 of th¢ ctmrity. Restricted income funds ar¢ those donatcd for use in a particular area 01 for specifjc piirposes. the use of which is restricted to that ttrea or pun)0se. Page 18 Landau Limited Notes to the Finalleial Statements for the Year Ended 31 December 2023 Pensions and other post retirement obligation The charity operates a defined contribulion pension scheme which is a pensim plan under which fixed contribiitions are paid ii)to a pensi¢)n ￿1)d and the charity has no legal or con5twctive obligation to pay further contributions even if th¢ Ojnd does not hold sufficient assets to pay all employees the bencflts relating to employce service in the cunrnt and prior periods. Contrlbiitions ta defincd contribution plans are recognised in tlie Statement of Financial Activities when they are due. If conts'ibution payni¢nts ¢X¢C￿ thc contribution due for service. ¢xce&s i& recognised as a prepayinent. 3 Tiiroine from donatlons, Itgacles And grtttts UniYslYiet¢d fundj Gener81 Restricted funds Total 2023 Donations and l¢ga¢i¢s' Donations from individuals Graiits, including capital grants; Government grants Gratils frotn other charities 261 97,693 97,693 2.700,121 2,700.121 97,954 1700,121 2,798,075 Unre5tTieted fund8 Gentral Re$trleted nds Total 2022 Donations and legacies: Donation5 from individuals Grants, including ￿pital grdnts; Govemment gi'bnts Grants frotn other d)arities 1,339 1.339 30,339 30.339 36l7766 3,617,766 3.617 766 3,649,444 Government grants rcc¢iv&bl¢ relal¢s to grants from local councils to support specific projects.. Page 19 Landau Limited Notes to the Financial Statements for the Year Fjllded 31 December 2023 Grants received from other charities are analysed as follows: 2023 2022 All Age Autism BBO Shropshire BBO Herefordshire Individual Plac¥ment and Support (IPS) ESF Commuiiity Grants IAPT Hereford Construction Skills Trund (CSF) Housiii8 and Debt Advic¢ Service BBO Evolvc Buildins Shropshirc Anned Forces Covenant NEET Reertgagenlent Hi8h Street Bu8intss Start Up 984,029 768,040 470,114 158,899 115,611 100,852 77,787 18,902 5,887 285,385 1.373,489 845,091 161,931 628,469 29,993 158,000 81,821 22,167 22,000 9,420 3,6l7,766 2,700,121 4 Income from ehArlt&ble activllles Unrestricted funds Gelle￿1 Total 2023 TotAI 2022 Supported employrn¢nt smiice5 3 068 388 3,068,388 2,737,162 Supported employment seryiw income is Énatyscd as follow3; 2023 2022 Note Supported employment services Provided Course income Sale of goods I s¢rvl¢es made or provided by the beneficiari￿ of the charity 2,940,609 103,028 1648,037 67,717 24,751 21,408 3.068,388 2 737 162 Page 20 Landau Limited Not￿ to the Financial Statements for the Year Ellded 31 December 2023 S Investm¢llt Ineome Unyeslrlcted funds GeneYAI Total 2023 Tthtal 2022 Inter&%t reccivable and similar inciAne- Interest r¢Geivable on bank deposits 3,029 3.029 2,953 6 Othei. Income Unrestrlcted fuiids Gen¢ral Tolal 2023 Total 2022 Other income 6,967 6.967 2.152 7 Expenditure chAril#ble 4ctivltlts UnrestrStted Total 2023 General R￿trIcted No¢¢ Support¢d employment 5ervicllows: 2013 2022 Staff costs during tbe ye4r were: Wages and salarics Social s¢curity costs Pension costs 2,694.399 231.701 49.735 2,635,807 234.857 44,939 2,975,835 2.915,603 21123 2022 Dir¢¢t staff costs Support staff costs, includin8 governan¢¢ 1,673.473 1,302 362 2.975,835 1.641.385 1,274,218 2,915.603 The monthly average number of persons (incl)Jding senior man&ggm¢nt learn) employed by the charity durin8 the year was as follows: 2023 2022 Direct rhtritable work staff AdTninisttative staff 65 49 83 51 114 134 The average number of fu114ime cquivalent employee5 dthing the year was 114 (2022- 117). The number of employees whose emoliunents fell within th¢ following bands was: 2023 2022 £70,001- £80,000 Page 25 LAndau Limited Notes to the Financial Statement8 for the Year Ended 31 December 2023 12 Ntt ille0m1n￿Outgfj1llg resourc Net in¢oming resourc￿ for the year include: 2023 2022 Operating Icas¢s- plant and mathinery Audit f￿5 Depreciation of fixed assets 21537 3,720 14,959 16,172 3,660 11.864 13 Audltors, r¢muntrAllon 2023 21122 Audit of the financlal slatements 3.720 3.660 14 Taxation The Gharity ss J registered charity and is therefore ¢x¢mpt from tsxatiotL 15 Tanglble fixed asjets Land And buildings Furiilture and ¢quipmeot TotAI Cost At l January 2023 370,5J6 77,462 447,998 At 31 December 2023 370,536 77,462 447.998 Depi'etlatloll At l January 2023 Charge for the ycar At 31 December 2023 28,387 14,959 28,387 14,95Y 43,346 43.346 Net book value At 31 Decemb¢r 2023 370,536 34,116 404,652 At 31 December 2022 370.536 49.075 419,611 Page 26 Landau Limited Notes lo the Flnancial Statements for the Year Ended 31 December 2023 16 Debtor8 2023 2022 Trade debtors Pi'epayments Ac¢nJed income 245,090 59,515 244.573 155,624 58,064 926,905 549.178 1,140 593 17 C•811 and eAsh equfvalents 2023 2022 Cash at bank Cash on l)and 674.490 1.317 552,976 3,088 675,807 556,064 18 Credltors: 4mounts falllllg wlthlD one year 2023 2022 Trade creditors Other tJxAtion and social security Other creditors A¢ciuals Deferred income 41,242 45,392 7,393 120,182 136.329 117,798 18,855 172,559 361,458 214,209 806.999 2023 2022 Deferred income at l January 2023 Resources deferred in the period Amounts rele￿d from previous period8 Deferred income atyear end 361,458 324,048 174.022 136,612 361,458 361.458 19 Pensioll And other Sch￿￿ Defined eontributloll penyion s¢beme The ¢harity operates a defined contribution pension scheme. The pension cost charge foi. the yvar reprcsents contrlbutions payable by the charity to ¢he scheme aDd amounted to £49,735 (2022- £44,939). Page 27 Landau Limited Notes to the Financial Statements for the Yeay Ended 31 December 2023 20 r(unds Ilalance at Balance at i Janll#ry 2023 31 Resovrees expended December 2023 resources TrgDsfe Uurestricttd ￿ndS GeRerAI Genernl fund 695,352 3,176,338 (3,119213) 363.402 1,115,879 Restrict¢d funds BBO Shropshire BBO 14crcfordshire BBO Bvolve All Age Autism Construction ,Skills Fund IPS Hereford ESF Commwiity Grants IAPT H¢reford Housing at)d Debt Advice Service Building Shropshir# Christmas Food & Essential Items Am)ed Forces Covenarbt 323,148 72,065 ,793 41,023 4,378 768,040 470.114 5,887 984.029 77,787 158,899 lJS,611 100,852 (815.533) (465,810) {8) (809,601) (101,785) (158,899) (117,308) (90.417) (275.655) (76,369) (7.672) 215,451 19.620 21.437 19,740 10.435 126,400 23.342 18.902 (91.694) {16) 53,608 (23,326) 267 64 (16) 251 64 Totlll reyti4cted funds 613,917 2.700,12l 2.651.087 299,549 Total thnd$ 1.309,269 5,876,459 (5 770 300 1,415,428 Page 28 Landau Limited Notes to the Flnaneial Statements for the Year Knded 31 December 2023 20 Funds (continued) Ba12nee gt B#lAJce It I January 2022 31 Deeember 2022 llleoming re3our¢es Resources txpellded Tran8fer8 Unrostricted fuiid8 Geiieral Gen￿'al fi￿d 708,270 2,773,936 (2.783,025) (3,829) 695,352 Reslrlcted BBO Shropshire BBO Hu'efordsl)ire BBO Evolve All A8e Autism Constwction Skills Fund IPS H¢refoi'd ESF Cornmunity Gt7nts Housing and Debt A(fvic¢ Service Building Shrop5hir¢ Christmas Food & Essential Items NEET Reengagement High Street Business Start Up Armed For¢es Covenant 298,283 101,150 29.141 1.373,492 845.091 (1.348.627) (874,176) (27,348) (244,362) (25,621) (170,552) (621,864) 323,148 72,065 1,793 41,023 4,378 285,385 29.999 161,93l 628,469 4,980 14,832 3,641 21,437 158,000 81,821 (31.600) (95.513) 126,400 23,342 37,034 2.258 {1,991) (22,097) 267 21000 97 9,420 22,167 (9,511) 28.517 91 6,414 64 lotAI restrlet¢d fundg 494,092 3.617 775 3,SOI,779 3,829 613.917 Tolal funds 1.202,362 6,391,711 6,284.804 1,309,269 boll()wii)g the eompletioll of a iiumbcr of longer temi grant-fvndcd proje¢ts. recon¢iliatioiis were complcted to ¢nsur¢ all fvnd5 received were correctly alloc8ted. Diiring this process it was noted that the allocation to cover management time dnd an Element of overhea(Ls of the charlty had not been ll￿d¢ over the life of the projects. Therefore an adjustment was r¢quiird to rcallocate these management costs and a proportion of the overheads gainst these projects- BBO Shropshir4 BBO Herelord, BBO Evolv¢ and Building Shropshir¥. For th¢ Con5tNction Skills Fund. the project costs were in exccss of the grdnt funding received and the charity us¢d unicstricted fund5 to wver the cost overrun to deliver the service. Page 29 Landau LAJlllted Noles to Ihe Financlal StatemeDts for the Year Ended 31 Deeember 2023 The spe¢ifiG PUTPOS¢S for which the fi￿dS aT¢ to be applied are as follows: - BBO Shropshtr¢ - The BuildFng B¢tter Opportunities project brings togdheT ￿llding from the National Lottery Community Fund and tlie European Social Fund (ESF) to help tsckle Ihc poverty and soGial exclusion faced by Ihc most disadvantaged people in England. The balance tElates to the BBO Shropsliire project and monies held for future spend aiid partner grant payments. BBO FIei'efor&shire - Th¢ Building Better Opportunitiey project brings together funding from the National Lottery Community Fund and the European Social Fund (ESF) to help lackle the poverty and social exclusion faced by the most disadvwilaged people in England. Tlie balance relates to the BBO Herefordshire piDje¢t and monies held for future spend and partner grant payrneiil& BBO Evolve Th¢ Building Opportunities project FKings togethu. fwiding from the National Lolt¢ry Commiinity Fund and the European So¢i81 Fund (ESF) to help tad(le the povety and 30Gial exclusion faced by most disadvantag¢d peopl¢ in England. Consttuction Skills Fund (CSF) - This 5theme aims to support innovalive Wdys of training iiew entrants and retraining adults in Co1￿11u¢tson for which public ￿ndIng is not available. The ConstNction Skills Fund is provided by thc Dcparlmcnt for EduGalion and administered and implemenled by CITB. IPS - Individual Placement and Support (IPS) is a Supported employrnertt model which supports people with serious mental health problems into ¢inploym¢nl, based on a wealih of international ¢videnc¢, following the principles of Iplace ond train,. The grnnt is provided by the 28ether NHS Foundation Trust and funded by NHS England. IAYf Hereford - IAPT is an initiative Nn by the joint Work (Department for Work and Penstons) fttsd Health (Department of Healih) Unit (WHLry. It has beeii set up to increase the availability of employment support within IAPT seryices to ¢nsure that IheTC is suffi¢ient employment support capacity to provlde a fully integi'&ted thcrapy 8iid gmployment support for p¢opl¢ who are employcd, Ihose off sick from work those who are unemployed and looking to find work. IAPT services are able to offer an intesrated package of psycliological therupy and eniployment 5UPPOrt, including Talking Therapies. Therapists and employment &dvlsors work together to ensure thlt a persvnalised integi'ated package of car¢ is available to all clients who chuose to be supported in this way ¢0 remain in, get bftck to and find work. - ESF Community Gr¥mts - Thls is a programme offering funding to small voluntary organisalloiis lo help uiiemploy¢d people #dvan¢e towards employment. education and irnining. ESF Cominunity Grv4nts is funded by the European So¢ial Fund, commissioned by the Education and Skills Fwidin8 Agency. and are being managed by L￿id&U in The Marche5 to support the Marches LEP strat¢8ic priorities. Page 30 Landau Limited Note8 to the Financial Statements for the Year Ended 31 December 2023 Arn￿d Forc¢$ Covenant - to provi(k fflMtor 5UPPOrt throu8h community projects for Veterans and their families. Building Shropshire - represents grants received through Shropshire Council, Additional Rcsirictiotts Gr4tht (ARG) covering the 9 months from liov 21 to Sept 22. The 8rAnt is for the sllPPOrt of business reLoveiy from die impact of COVID-19. City of Stokewon-Trent Council . Clwistmas Fwd and Essential Supplies Fwid - to provide food parcels and items to deliver lo families in iieed. All Age Autism to provide suslainablc autism support services ihat enables auti51iG pcoplc, th¢ir pai'cnl5, families And unpaid carers to Gop¢ (and ideally thrive) by ¢l￿blIng them to reach their fvll potential and live as independently a8 possible and to develw th¢ skills and confidence to ke¢p th¢ms¢lves safe and well. NEET reeftgttgemenl - fi)nds from Telford end Wrekin Courkeil to deliver activities to engage with young people in year groups 12 and 13 who ar¢ not in cducation, trainin8 or ¢mploymcnL - High Stt'¢et Business Start Up - funds from Telftird and Wrekiii Council to support ihe opening of a high street ¢entre. Hou8ing and Dcbt Advicc 5ervic¢- lo dcvelop a pilot 5ervicc to enable people acc￿1ng primary mental health scrvices lo find the supportthey need to live heojthy live5 Wlthin their local community. 21 An*lysls of net assets betw¢en funds Unreslrlcted runds Gener*1 Total funds at 31 D¢¢¢mber 2023 Rejtricted funds Tangible fixed assets Current assets CutTent liabilities 404,653 925,436 214.209) 404,653 1224,985 214.209 299,549 Total net assets 1.115.880 299,549 1,415.429 Unreslri¢led runds General I'otAI fund5 It 31 December 2022 R￿t￿Cted funds Tangible fixed assets Current assets Current liabilitie5 419,611 730,745 (455.004) 419,611 1,696,657 806.999 965,912 (351,995 613,917 Tot81 nel assets 695,352 1.309,269 Page31 Landau Limited Notes to tlie Financial Statemellts for the Year Ended 31 Decembei. 2023 22 AnAlysls ofnet fund8 At31 December 2023 At A Jallugry 2023 Cash floivs Cash at bank And in hand 556,064 119.743 675,807 Totsl 556.064 119,743 675,807 At31 Deeembcr 2022 Cash floiY8 2022 Casli &t bank and in hand l 042,482 486,418 556.064 Total 1042,482 (486.418 556,064 23 Obllgxtiolls ulld¢r leAses alld hlre pur¢ba8e contracls OperatlnE ItAse commltments Tot&1 minimum l¢ase paymMts under non-cancellable ¢)perating leases ar¢ as follows: 2023 2022 La￿d aiid bulldlllgs Withih one year Between one and five years 82,268 360,203 35,903 442,471 35,903 Page 32