2022-12-31-accounts - The Long Leys Education Trust

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Reference and Administrative Details
Trustees' Report		2 to 6
Independent Auditors' Report		7to 10
Consolidated Statement ofFinancial	Activities	11to 12
Consolidated Balance Sheet		13
Balance Sheet		14
Consolidated Statement ofCash Flows		15
Notes to the Financial Statements		16to 2&

(Including	Consol	idated Income and Recognised	Expenditure Account Gains and Losses)	and Statement	ofTotal
				Unrestricted	Total
				funds	2022
			Note		f,
Income and Endowments		from:
Donations and legacies				614,055	614,055
Charitable activities				4,167	4,167
Investment income				17	17
Other income				2,807,353	2,807,353
Total income				3,425,592	3,425,592
Expenditure on: Raising funds 8 Charitable activities			7 8	(2,214,139) ~849,306	(2,214,139) ~849,306
Total expenditure				~(3,063,445	(3,063,445)
Net income				362,147	362,147
Net movement in funds				362,147	362,147
Reconciliation offunds
Total funds brought	forward			2,465, 1 16	2,465, 116
Total funds carried	forward		t8	2,827,263	2,827,263
				Unrestricted	Total
				funds	2021
			Note
Income and Endowments		from:
Donations and legacies				670,475	670475
Charitable activities				10,000	10,000
Investment income				10	10
Other income				1,073,466	1,073,466
Total income				1,753,951	1,753,951
Expenditure on:
Raising funds Charitable activities Total expenditure			7 8	(902,246) ~685,402 ~(,587,648	(902,246) ~685,402 ~(,587,648
Net income				166,303	166,303
Net movement in funds				166,303	166,303

			Unrestricted	Total
			funds	2021
		Note
Reconciliation	offunds
Total funds brought forward			2,298,813	2,298,813
Total funds carried forward		18

		Consolidated Balance Sheet as a	t31Decem	ber 2622
				2022	2021
			Note
Fixed assets
Tangible assets			12	3,174,506	3,292,607
Current assets
Stocks			14	245,370	164,918
Debtors			15	59,848	49,891
Cash at bank	and in hand			454,480	460,&15
				759,698	675,624
Creditors: Amounts		falling due within one year		~209,077	~115,914
Net current	assets			550,621	559,710
Total assets	less current liabilities			3,725,127	3„852,317
Creditors: Amounts Provisions		failing due after more than one year	17	(897,864)	(1,369,349) ~17,852
Net assets				2 827263	2,465 116
Funds ofthe	group:
Unrestricted	income	funds
Unrestricted	funds			2,827,263	2,465,116
Total funds			18	2827263	2 465 116

		Balance Sheet as at 31De	cember 20	22
				2022	2021
			Note
Fixed assets
Tangible assets			12	3,000,936	3,207,458
Investments				3&0,646	380,646
				3,381,582	3,588,104
Current assets
Debtors			15	45,500	45,500
Cash at bank	and in hand			189,106	183192
Creditors: Amounts		falling due within one year	16	234,606 ~85,189	228,692 (15,543)
Wet current	assets			149,417	213,149
Total assets	less current liabilities			3,530,999	3,801,253
Creditors: Amounts		falling due after more than one year	17	~897.864	~(1,369,349
Net assets				2633 135	2431,904
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds			2,633,135	2,431,904
Total funds			18	2 633 135	2,431 904

Consolidated Statement ofCash Flows fo	r the Year End	ed 31December	2022
		2022	2021
	Note	g
Cash flows from operating activities
Net cash income		362,147	166,303
Adjustments to cash flows from non-cash items Depreciation Investment income		388,207 ~n	596,075 ~&o
		750,337	762,368
Working capital adjustments
Increase in stocks	14	(80,452)	(164,91$)
Increase in debtors	15	(9,957)	(21,391)
Increase in creditors (Decrease)/increase in provisions	16	17,663 ~17,852	113,416 17,852
Net cash flows from operating activities		659,739	707,327
Cash flows from investing activities
Interest receivable and similar income Purchase oftangible fixed assets	6 ]2	17 ~270,106	10 ~40$,957
Net cash flows from investing activities		(270,089)	(408,947)
Cash flows from financing activities Repayment of loans and borrowings	16	~395 985	162,000
Net (decrease)/increase in cash and cash equivalents		(6,335)	136,380
Cash and cash equivalents at 1 January		460,815	324,435
Cash and cash equivalents at 31December		454480	460 815

3 Income from donations and legacies
	Unrestricted
	funds	Total
	General	funds
		g
Gifts and donations	614,055	614,055
Total for 2022	614,055	614,055
Total for 2021	670,475	670,475

4 Income from charitable activities
	Unrestricted
	funds	Total
	General	funds
	f,	f.
Rental Income	4,167	4,167
Total for2022	4,167	4,167
Total for 2021	10,000	10,000

5 Incom	e from ot	her trading activities
			Unrestricted
			funds	Total
			General	funds
Trading income;
Edutrade	Humber	Ltd	2,807,353	2,&07,353
Total for	2022		2,807,353	2,807,353
Total for	2021		1,073,466	1,073,466

6 Investment income
	Unr estricted
	funds	Total
	General	funds
		g
Bank Interest	17		17
Total for 2022	17		17
Total for 2021	10		10

Trading Costs - Edutrade	Humber	Ltd
Total for 2022
Total for 2021

	Unrestricted
	funds	Total
	General	funds
Note	f,
	2,214,139	2,214,139
	2,214,139	2,214,139
	902246	902,246
		Total
		costs
		K
	Unrestricted
	funds	Total
	General	funds
Note	E
9	849,306	849,306
	685402	685,402

Support	costs allocated to charitable	activities
					Premises
					costs	Other
		Governance	Finance	Administration	including	support
		costs	costs	costs	depreciation	costs
Charitable	Activities	g 12,877	39,559	104	357,926	438,840
					Total	Total
					2022	2021
						g
Charitable	Activities				849,306	685,402
Support	costs allocated to charitable	activities
					Premises
					costs	Other
		Governance	Finance	Administration	including	support
		costs	costs	costs	depreciation	costs
Charitable	Activities	12,877	39,559	104	357,926	438,840
Total for 2021		5,200	60,886	14,731	583,117	21,468
						Total
						funds
Charitable	Activities					849,306
Total for 2021						685,402

11 Auditors' remuneration
	2022	2021
Other fees to auditors
The auditing ofaccounts ofany associate ofthe charity	6,000	5,000
All other non-audit services		2,250
	6,000	7,250

Group
	Lead aud	Furniture	and
	buildings	equipment		Motor vehicles		Total
		g				g
Cost
At 1 January 2022	4„706,173	98,831			5,026	4,810,030
Additions	254,034	16,072				270,106
At 31December 2022	4,960,207	114,903			5,026	5,060 136
Depreciation
At 1 January 2022	1,490,834	25,333			1,256	1,517,423
Charge for the year	364,331	22,934			942	3&8,207
At 31December 2022	1,&55,165	48,267			2,198	1,905,630
Net book value
At 31December 2022	3,105,042	66,636			2,&2&	3,174,506
At 31December 2021	3,215,339	73,496			3,770	3,292,607
Charity
				Land	and
				buildings		Total
				g
Cost
At 1 January 2022				4,695,662		4,695,662
Additions				151,991		151,991
At 31December 2022				4,847,653		4,$47,653
Depreciation
At 1January 2022				1,488,206		1,488,206
Charge for the year				358,511		358,511
At 31December 2022				1,$46,717		1,846,717
Net book value
At 31December 2022				3,000,936		3,000,936
At 31December 2021				3,207,458		3,207,45$

Shares in group undertakings and participating int	erests
	Subsidiary
	undertakings	Total
	f.
Cost
At 1 January 2022	380,646	380,646
At 31December 2022	380,646	380,646
Net book value
At 31December 2022	380,646	380,646
At 31December 2021	386,646	380,646

are as follow	s:
			Country of		Proportion ofvoting rights	Principal
Undertaking			incorporation	Holding	and shares held	activity
					2022 2021
Subsidiary	undertakings
Edutrade Humber		Ltd	United Kingdom		100% 100%	Sale of retail goods

14 Stock
		Group		Charity
		2022	2021	2022
Stocks		245,370	164,918
15 Debtors
	Group		Charity
	2022	2021	2022	2021
Trade debtors	40,119	41,203
Prepayments	11,512	8,688
Other debtors	8,217		45,500	45,500
	59,848	49,891	45,500	45,500

16 Creditors: amounts	falling due	within one year
		Group		Charity
		2022	2021	2022	2021
Bank loans		75,500		75,500
Trade creditors		54,861	53,317	(8,024)	(6,226)
VAT grant repayable		7,319	8,152	(2,222)
Other creditors		41,078	27,561	102
Accruals		30,319	26,884	19,833	21,769
		209,077	115,914	85,189	15,543
17 Creditors: amounts	falling due	after one year
		Group		Charity
		2022	2021	2022	2021
					E
Loans		897,864	1,369,349	897,864	1,369,349

Group
						Balance at31
		Balance	at 1	Incoming	Resources	December
		January	2022	resources f	expended f,	2022
Unrestricted	funds
General		2,465,116		3,425,592	~3,063,445	2,$27,263
						Balance at31
		Balance	at 1	Incoming	Resources	December
		January f	2021	resources f	expended f,	2021
Unrestricted General	funds	2,298,813		1,753,951	~1,5S7,64$2,465,116
Charity
						Balance at31
		Balance	at 1	Incoming	Resources	December
		January	2022	resources f	expended	2022
Unrestricted	funds
General
						Balance at31
		Balance	at 1	Incoming	Resources	December
		January 'f	2021	resources f	expended	2021
Unrestricted	funds
General		2,359,574		579,635	~507,305	2,431,904

Group
		Unrestricted	Total funds at
		funds	31December
		General	2022
Tangible fixed	assets	3,174,506	3,174,506
Current assets		759,698	759,698
Current liabilities Creditors over 1 year		(209,077) 897,864	(209,077) ~$97,$64
Total net assets		2,827,263	2,827,263
		Unrestricted	Total funds at
		funds	31December
		General	2021
			f,
Tangible fixed	assets	3,292,607	3,292,607
Current assets		675,624	675,624
Current liabilities		(115,914)	(115,914)
Creditors over Provisions	I year	(1,369,349) 17,852)	(1,369,349) ~I7,852
Total net assets		2,465,116	2,465, 116

Charity
		Unrestricted	Total funds at
		funds	31December
		General	2022
Tangible	fixed assets	3,000,936	3,000,936
Fixed asset investments		380,646	380,646
Current	assets	234,606	234,606
Current liabilities Creditors over I year		(85,189) 897,864)	(85,189) ~891,864
Total net assets		2,633,135	2,633,135
		Unrestricted	Total funds at
		funds	31December
		General	2021
Tangible	fixed assets	3,207,458	3,207,458
Fixed asset investments		380,646	380,646
Current	assets	228,692	228,692
Current Creditors	liabilities over 1 year	(15,543) (1,369,349)	{15,543) ~I,369,349
Total net assets		2,431,904	2,431,904