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← Life Education Centre For Lancashire

2025-03-31-accounts

Company Number: 03264870 Charity Number: 1058867

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE) Report and Financial Statements For the Year Ended 31 March 2025

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

CONTENTS CONTENTS
___________
Page
Legal and administrative information 1
Report of the Management Committee 2 to 6
Independent examiner’s report to the Trustees 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 to 18

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees & Directors
J Parle (Chair)
F Bolger
C Parle
F Atherton
M Jenkins
R Kumar
Secretary F Bolger
Charity Number 1058867
Company Number 03264870
Independent Examiner Julie Flintoff BA (Hons) FCA
Azets
Chartered Accountants
Floor 1 Capital House
8 Pittman Court
Pittman Way
Fulwood
Preston
PR2 9ZG
Bankers National Westminster Bank Plc
28 Bank Street
Rawtenstall
Rossendale
Lancashire
BB4 8TS
Solicitors Napthens
7 Winckley Square
Preston
Lancashire
PR1 3JD
Registered Office 45 Ashfield Crescent
Springhead
Oldham
Greater Manchester
OL4 4NX

Page: 1

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE MANAGEMENT COMMITTEE

FOR THE YEAR ENDED 31 MARCH 2025

The Management Committee present their report and the financial statements of the company for the year ended 31 March 2025.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Legal and Administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association which were amended in 2012 and the Statement of Recommended Practice applicable to charities presenting their accounts in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Governing Document

The company is a charitable company limited by guarantee without share capital, incorporated on the 17 October 1996 and registered as a charity on the 25 October 1996. Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The Memorandum and Articles of Association establish the objects and powers of the charitable company.

Appointment of Management Committee

Under those Articles, the directors and trustees form the Management Committee. Directors are subject to reappointment every three years. The directors can appoint additional directors, who would then be eligible for re-election at the next Annual General Meeting. Only members of the company are eligible to be appointed directors. Members of the Management Committee, who are directors for the purposes of company law and trustees for the purpose of charity law, who served during the year and up to date of this report are set out below.

Directors and Trustees

J Parle (Director, Trustee & Chair) F Bolger (Director, Secretary & Trustee) C Parle (Director, Trustee & Treasurer) F Atherton (Director & Trustee) M Jenkins (Director & Trustee) R Kumar (Director & Trustee)

Induction and training of Management Committee

New members of the Management Committee are provided with an induction pack which includes the latest Memorandum and Articles of Association, the last two years’ final accounts, the latest management accounts, previous minutes, and charity commission publications regarding the responsibilities as a trustee. The Chairman provides ongoing support.

Organisational and decision making

The Management Committee is responsible for the overall management and control of the charity. All members volunteer their time freely and no remuneration was paid to them during the year. Whilst the committee establishes the general policies of the charity, the day-to-day management is entrusted to Pauline Coope, the Trust Manager. Pauline also oversees our team of peripatetic educators.

Page: 2

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE MANAGEMENT COMMITTEE (continued)

FOR THE YEAR ENDED 31 MARCH 2025

Risk Management

The Management Committee have examined the major strategic, operational and financial risks which the company faces and confirm that systems have been established to enable regular reports to be produced in order that the necessary actions can be taken to lessen these risks .

The key risks identified, along with the relevant mitigating actions are:

Partners

The company was established to advance the health education of children and young people. The charity has an independent partner who helps with this:

Coram Life Education

This company is a national charity, which works with local operating groups in communities throughout much of the UK. Life Education Centre for Lancashire holds a licence from this charity to reproduce common education programmes.

OBJECTIVES AND ACTIVITIES

Objective of the charity

The charity’s goals are to deliver well-researched, evidence-based health education and life-skills development workshops, enabling access to online resources that engage and inspire children. It aims to promote responsible behaviour and positive decision-making regarding personal relationships and peer influence. Additionally, the charity supports schools in meeting their spiritual, moral, social and cultural obligations concerning health and drug education, staying safe online, and growing up.

The principal activities are to:

Page: 3

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE MANAGEMENT COMMITTEE (continued)

FOR THE YEAR ENDED 31 MARCH 2025

PUBLIC BENEFIT STATEMENT

In planning our activities for the year we keep in mind the Charity Commission’s guidance on public benefit at our trustee meetings. The charity trustees have complied with their duties to have due regard to the guidance on public benefit in exercising their powers or duties.

Our aims and objectives are focused on working towards the delivery of health and wellbeing education to children in the Lancashire & Cumbria areas. Our Vision is to help children make healthy choices through our work with schools, with parents, and engaging with the community.

ACHIEVEMENTS AND PERFORMANCE

The Life Education Lancashire services are now geared to reach up to 50,000 children throughout Lancashire (including Blackpool and Blackburn with Darwen), Wigan and parts of Merseyside and, most recently, across Cumbria.

The committee is pleased to report that our team of six educators facilitate our workshops to primary school children throughout these areas, which are delivered on school premises.

Schools fund the majority of the cost of school visits with the balance being raised through donations, sponsorship and fundraising. The Management Committee recognise the need to increase the level of these sources of income and are driven on generating continued operational funding to complement the sound financial base from which our services are delivered.

We worked in 2024/2025 with 57,186 pupils in 408 school visits. Lancashire has 487 primary schools, and the Unitary Authorities of Blackburn with Darwen and Blackpool and Wigan have 56, 31 and 107 schools respectively. We also visit independent schools that request our services. Our area visits to schools in Sefton, Liverpool and Knowsley are beginning to grow and the licence for the Cumbrian schools is now assigned to our organisation which has approximately 285 schools in the county.

Our work is undertaken within an educational framework where each child’s health education, wellbeing education and personal skills development are seen as increasingly important and where every school can meet the demands of the national curriculum. Thanks to the knowledge and skills of our educators and the strength of the content of our workshops, developed by Coram Life Education, we continue to play a significant role in providing each child with the information, confidence and life skills which enable healthy choices to be made about the way in which they live their lives.

We continue to owe huge gratitude to our staff for their hard work across the counties who work with unfailing good humour with schools across a large geographic area helping our primary schools’ children to make healthy choices about their own lifestyles.

Page: 4

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE MANAGEMENT COMMITTEE (continued)

FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Results

The net surplus to add to resources for the year amounted to £3,319 (2024: £3,740) as shown on page 8.

The amount of the total funds the charity holds at the end of the reporting period is £298,465 (2024: £295,146) Included in this total are restricted funds of £7,329 (2024: £13,840).

Rotary Clubs, the Soroptimist organisation and other charities and individuals make donations in support of our work. Their help is invaluable and very much appreciated.

Once again, we are grateful for the direct support given to primary schools by The Lloyd Trust, The Elizabeth & Richard Wilson Charitable Fund, The Galbraith Trust, Darwen Town Council, Clitheroe, Lytham and other Rotary clubs and service organisations who help with raising funds in their area which allows some schools with particularly challenging budgets to finance our visit.

The work of Life Education in Lancashire is generously supported by many individuals and groups. Donations and income from the volunteers’ fund-raising events continue to subsidise the charges to schools. Our supporters also maintain an invaluable connection with local communities, for which we are truly grateful.

Reserves Policy

The management committee have established a policy whereby the unrestricted funds, not committed or invested in tangible fixed assets (‘the free reserves’), held by the charity are to be sufficient, in the event of a significant drop in funding to cover statutory obligations, after making allowances for income received and charges paid in advance, and for donations or other income which can be expected with reasonable certainty. This reserve is currently £75,000. At this time, the charity’s free reserves of £286,940 (Note 14) comfortably exceed this amount.

PLANS FOR THE FUTURE

The charity plans to continue its activity in the forthcoming years and has in place satisfactory funding arrangements for those purposes. Our plans for the future include integrating our services more deeply into the schools that we visit, allowing us to interact more frequently throughout the school year. We aim to offer additional, equally-important workshops that engage children in learning about growing up, relationships, mental wellbeing, and internet safety. Our in-school workshops have now become the established method of delivery, enabling us to meet with children in their own classrooms or other suitable teaching space within their school.

Additional workshops are to be offered to all schools across our area, covering the increasing demand for mental wellbeing. Being able to offer schools different options in the content of our workshops has meant that we can meet the needs of schools more effectively. We continue to build on repeat visits to schools and on the breadth of content we offer. Health and Wellbeing workshops now make up just 50% of our work, partly because we now count Early Years (12%) separately, Growing Up is 23% and Online Behaviours and Mental Wellbeing totally 15%.

Page: 5

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE MANAGEMENT COMMITTEE (continued)

FOR THE YEAR ENDED 31 MARCH 2025

Statement of Management Committee responsibilities

The Management Committee (who are also directors of Life Education Centre for Lancashire for the purposes of company law) are responsible for preparing the Trustee’s Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Management Committee to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure for the financial year. In preparing those financial statements, the management committee are required to:

The Management Committee are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Management Committee are aware:

This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and in accordance with the special provisions under Part 15 of the Companies Act 2006 relating to small entities.

Approved by the Management Committee on 7 October 2025 and signed on its behalf by: -

J Parle – Trustee

Page: 6

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LIFE EDUCATION FOR LANCASHIRE

FOR THE YEAR ENDED 31 MARCH 2025

I report to the trustees on my examination of the financial statements of Life Education Centre for Lancashire (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 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 charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the financial statements 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 financial statements to be reached.

Julie Flintoff BA (Hons) FCA Floor 1, Capital House 8 Pittman Court, Pittman Way Fulwood Preston United Kingdom PR2 9ZG

Date: 20 October 2025

Page: 7

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2025

Note
Unrestricted
Restricted
Funds
Funds
£
£
Income from:
Charitable activities
4
256,638
601
Donations and legacies5
15,401
-
Other trading activities6
1,962
-
Investments
7
1,239
-
Total
275,240
601
Expenditure on:
Charitable activities8
256,060
7,102
Support costs
8/9
9,360
-
Total
265,420
7,102
Net income/(expenditure) before
transfers
9,820
(6,501)
Gross transfers between funds14/15
-
-
Net income/(expenditure) for the
year/ Net movement in funds
9,820
(6,501)
Total funds brought forward
281,316
13,830
Total funds carried forward
14/15
291,136
7,329		 2025
Total
Funds
£
257,239
15,401
1,962
1,239
275,841
263,162
9,360
272,522
3,319
-
3,319
295,146
298,465		 2024
Total
Funds
£
234,597
20,831
3,374
1,228
260,030
237,332
18,958
256,290
3,740
-
3,740
291,406
295,146

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

___________ The notes on pages 10 to 18 form part of these financial statements Page: 8

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET

AS AT 31 MARCH 2025

___________

Note
Unrestricted
Restricted
Funds
Funds
£
£
Fixed assets:
Tangible assets
11
4,196
-
Total fixed assets
4,196
-
Current assets:
Stock
3,420
-
Debtors
12
37,914
-
Cash at bank and in hand
274,072
7,329
Total current assets
315,406
7,329
Current liabilities:
Creditors falling due within
one year
13
28,466
-
Net current assets
286,940
7,329
Total assets less
current liabilities
291,136
7,329
Capital and funds of the charity:
General fund
286,940
-
Designated fund
4,196
-
Unrestricted funds 14
291,136
-
Restricted funds
15
-
7,329
Total funds
291,136
7,329		 2025
Total
Funds
£
4,196
4,196
3,420
37,914
281,401
322,735
28,466
294,269
298,465
286,940
4,196
291,136
7,329
298,465		 2024
Total
Funds
£
1,972
1,972
4,181
47,677
270,581
322,439
29,265
293,174
295,146
279,344
1,972
281,316
13,830
295,146

For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The accounts have been prepared in accordance with provisions applicable to companies subject to the small companies’ regime. The accounts were approved by the Trustees on 7 October 2025 and signed on its behalf by:

J Parle - Trustee

Company Registration Number: 03264870

The notes on pages 10 to 18 form part of these financial statements Page: 9

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

The following accounting policies have been used consistently in dealing with items which are of a material nature in relation to the financial statements.

Status

The company is limited by guarantee and has no share capital. The liability of members in the event of winding up is limited to £1 per member.

Basis of accounting and going concern

The financial statements 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 second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and the Companies Act 2006.

The charity is small and has taken advantage of the exemption in the SORP not to prepare a cash flow statement.

The charity is a Public Benefit Entity as defined by FRS 102.

The accounts are prepared in Sterling, which is the functional currency of the charity.

Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the accounts, the management committee consider that there are no material uncertainties about the charity’s ability to continue as a going concern. Thus, the committee continue to adopt the going concern basis of accounting in preparing the

Fund accounting

Restricted funds are funds received for a specific purpose as defined by the donor.

Designated funds are unrestricted funds set aside at the discretion of the committee in furtherance of their charitable objectives. The purpose and uses of the designated funds will be set out in the notes to the accounts.

Unrestricted funds are the “free” funds of the charity and can be used for any purpose within the charity’s objects.

Incoming Resources

Income from service fees is recorded on a receivable basis. All income is recorded gross.

Donations and legacies are regarded as receivable when the amount is notified as probable or on receipt.

Goods or assets donated to the charity are valued at fair value where material, unless it is impractical to do so.

Grants, including grants for the purchase of fixed assets and government grants, are recognised in full in the Statement of Financial Activities in the year in which they are received.

Investment income is recognised on a receivable basis.

Page: 10

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting polices ( continued)

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Assets of less than £500 are not capitalised. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over expected useful life, as follows:

Mobile Classrooms 10% Straight line Motor Vehicles 20% Straight line Computer Equipment 20% Straight line Fixtures and Fittings 20% Straight line

Taxation

The company is a registered charity and is not liable to corporation tax.

Resources expended

Expenditure is charged to the statement of financial activities on an accruals basis excluding value added tax. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services. Those costs directly relating to the amortisation of the new mobile units funded by the designated fund are charged to that fund. All other costs are charged to unrestricted funds.

Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel and governance costs (Independent examiners fee and director and trustee liability insurance) which support the charity activities. These costs have been allocated to charitable activities against the single charitable activity which is described in objectives within the trustees’ report.

Pension contributions

The company contributes to a group personal pension fund on behalf of its employees. The scheme is independently administered. The charge in these accounts is the contributions paid.

Stock

Stocks are stated at the lower of cost and estimated selling price.

Financial Instruments

The charity only has financial assets (debtors, cash and bank balances) and liabilities (creditors and accruals) of a kind that qualify as basic financial instruments. They are initially recognized at transaction value and subsequently measured at their settlement value.

Page: 11

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

2 Income
The income was derived from the company’s principal activity which was carried out wholly
in the UK.
2025 2024
£ £
3 Net outgoing resources for the year
A_rrived at after charging:_
Depreciation of tangible fixed assets:
- owned assets 736 268
Independent examination 2,950 2,750
Director and trustee liability insurance 650 650
2025 2024
4 Income from charitable activities £ £
Health Education service fees 257,239 234,597
257,239 234,597
In 2025 of the charitable activities income, £601 (2024: £Nil) was attributable to restricted
income funds (note 15).
2025 2024
5 Income from donations and legacies £ £
General donations and legacies 2,044 10,774
Grants & Coram 13,357 10,057
15,401 20,831
2025 2024
6 Income from other trading activities £ £
Sales of wrist bands and zip tags and pencils 1,962 3,374
1,962 3,374
2025 2024
7 Income from investments £ £
Bank interest 1,239 1,228

Page: 12

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

___________
8
Expenditure on charitable activities
Staff costs (note 10)
Educators expenses & Locum educators
Educational resources
Insurance
Life Education Centre UK subscription
Depreciation (note 11)
Independent Examiners fee-governance costs
Professional fees
Support costs (note 9)		 _______
2025
£
225,141
15,757
2,207
2,594
12,611
736
2,950
1,166
9,360
272,522		 _____
2024
£
200,930
13,770
2,084
2,364
13,489
268
2,750
1,677
18,958
256,290

In 2025 of the expenditure on charitable activities £7,102 (2024: £3,671) was attributable to restricted income funds (note 15).

Support costs and governance costs are all in relation to the only charitable activity which is the provision of high quality health (including drug) education to primary school pupils together with the provision of information on this activity to parents and the general community. The Management Committee have decided to meet all governance costs from unrestricted funds and so no allocation or charge is made to restricted funds.

9
Analysis of support costs
Training & uniforms
Rent and rates
Telephone
Printing and stationery
Marketing costs
Sundry expenses
LEM Mobiles compensation & disposal of investment
Bank charges		 2025
£
1,236
1,229
2,152
39
2,266
2,097
-
341
9,360		 2024
£
11,895
1,061
1,585
36
-
2,163
1,900
318
18,958

Page: 13

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

FOR THE YEAR ENDED 31 MARCH 2025
___________
10
Analysis of staff costs
Staff costs were as follows:
Wages and salaries
Social security costs
Pension contributions
The average monthly number of employees during the year,
calculated on a full time equivalent basis was:
Educators
Administration		 _______
2025
£
199,182
12,724
13,235
225,141
2025
Number
6
2
8		 _____
2024
£
179,207
10,181
11,542
200,930
2024
Number
6
2
8

No employees had emoluments in excess of £60,000 for either of the previous two periods.

No member of the Management Committee received any emolument or payment for professional or other services (2024: £Nil).

Page: 14

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

___________
11 Tangible fixed assets
Office
Equipment
£
Cost
At 1 April 2024
18,812
Additions
2,960
Disposals
(9,315)
At 31 March 2025
12,457
Depreciation
At 1 April 2024
16,840
Charge for the year
736
Disposals
(9,315)
At 31 March 2025
8,261
Net Book Value
At 31 March 2025
4,196
At 31 March 2024
1,972
All of the fixed assets are used for charitable purposes.
2025
12
Debtors
£
Trade debtors
36,864
Prepayments
1,050
37,914
2025
13
Creditors: amounts falling due within one year
£
Other taxes and social security costs
13,182
Accruals
Deferred income
4,566
10,718
28,466		 _ _____
Total
£
18,812
2,960
(9,315)
12,457
16,840
736
(9,315)
8,261
4,196
1,972
2024
£
46,621
1,056
47,677
2024
£
14,652
2,900
11,713
29,265

___________ Page: 15

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

14 Unrestricted funds

Unrestricted funds
Balance at Incoming Resources **Transfers ** Balance at
1 April resources expended 31 March
2024 2025
£ £ £ £ £
Free reserves 279,344 275,240 (264,684) (2,960) 286,940
Designated reserves:
Property asset fund 1,972 - (736) 2,960 4,196
281,316 275,240 (265,420) - 291,136

The general reserve is the free reserves of the charity after allowing for all designated funds.

The designated property asset fund is the value of the unrestricted funds represented by the tangible fixed assets of the charity. The resources expended of £736 represents the annual depreciation charge.

15 Restricted funds

Balance at Incoming Resources Transfers Balance at
1 April resources expended 31 March
2024 2025
£ £ £ £ £
Elizabeth and Richard Wilson 750 - - - 750
The Galbraith Trust 30 - (30) - -
Mildred Sumner bequest 9,299 - (3,070) - 6,229
C Walker Fund 200 - (30) - 170
Clitheroe Bonfire 600 - (420) - 180
Anonymous 1,215 - (1,215) - -
Darwen Rotary Club - 601 (601) - -
Hilda Clark 1,736 - (1,736) - -
13,830 601 (7,102) - 7,329

There are sufficient resources held in the bank accounts to enable each fund to be applied in accordance with any restrictions.

Page: 16

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

15 Restricted Funds (c ontinued)

Restricted Funds(c_ontinued)_
Balance at Incoming Resources Transfers Balance at
1 April resources expended 31 March
2023 2024
£ £ £ £ £
Elizabeth and Richard Wilson 750 - - - 750
The Galbraith Trust 160 - (130) - 30
Mildred Sumner bequest 11,757 - (2,458) - 9,299
C Walker Fund 300 - (100) - 200
Clitheroe Bonfire 785 - (185) - 600
Anonymous 2,013 - (798) - 1,215
Hilda Clark 1,736 - - - 1,736
17,501 - (3,671) - 13,830

There are sufficient resources held in the bank accounts to enable each fund to be applied in accordance with any restrictions.

Purpose of restricted funds

Elizabeth and Richard Wilson Charitable Fund - To subsidise the visits to primary schools in Carnforth and Lancaster.

Mildred Sumner Bequest – To be spent in the Lancaster area.

C Walker Fund & Soroptimists Fylde – Fylde schools that otherwise might not have a Life Education visit.

Clitheroe Bonfire – To subsidise programs in Clitheroe district.

Darwen Rotary Club – To subsidise the visits to schools in Darwen.

16 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Balance at
31 March 2025		 Unrestricted
Fund
£
-
315,406
(28,466)
286,940		 Designated
fund
£
4,196
-
-
4,196		 Restricted
fund
£
-
7,329
-
7,329		 Total
funds
£
4,196
322,735
(28,466)
298,465

Page: 17

LIFE EDUCATION CENTRE FOR LANCASHIRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

16 Analysis of net assets between funds (c ontinued)

Tangible fixed assets
Current assets
Current liabilities
Balance at
31 March 2024		 Unrestricted
Fund
£
-
308,609
(29,265)
279,344		 Designated
fund
£
1,972
-
-
1,972		 Restricted
fund
£
-
13,830
-
13,830		 Total
funds
£
1,972
322,439
(29,265)
295,146

17 Related parties

Life Education Centre for Lancashire has paid an annual subscription of £12,611 (2024: £13,489) to Coram Life Education (formerly Life Education Centre UK Limited) a national charity which works with the Life Education Centre for Lancashire Limited. Coram Life Education North West paid a donation grant to Life Education Centre for Lancashire during the year amounting to £8,718 (2024: £10,057) for office services to be provided in the North West Region for the period of these accounts.

Insurance premiums during the year amounting to £650 (2024: £650) were incurred by the charity in respect of indemnity insurance for the trustees.

Page: 18