Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Company registration number". J091262 Charity registration number- 1060138 Leeds Involving People (A company limited by share capital) Annual Report and Financial Statements for the Year Ended ) l March 2024 fostermann evolved accountsncy Accounting | business advisory fc6ter mann is a trading name of Foster Mann (UK) Limited Registered office." Unit 26G, Springfield Commercial Centre, Bagley La, Farsley, Leeds, LS28 SLY Registered in England: 11833403
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Contents Reference and Administrative Details Trustees, Report 2to9 Accountants, Report 10 Statement of Financial Activities Balance Sheet 12 Notes to the Financial Statements lJto24
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Reference and Administrative Details Chairman Margaret Wilkinson Charity Registration Number 10601J8 Company Registration Number 3091262 The charity is incorporated in England. Suite 5 Unity Business Centre 26 Roundhay Road Leeds LS7 IAB Registered Office Independent Examiner Foster Mann (UK) Limited Unit 26G Sprin.field Commercial Centre Ba-ley Lane Far51ey Leeds LS28 SLY Page I
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Trustees, Report The trustees, who are directors for the puryjoses of company law. present the annual report together with the financial statements and auditors, report olthe charitable company lor the year ended 31 March 2024. Objectives and activities Public benefit The objects of the charitable company are the relief of persons who have physical an(Vor mental impainnents or who are in some way disadvantaged by reason of their health by the provision of advice, support and education. This includes the promotion of the represenlation of service users and carers in planning. delivery and monitoring of services and io advlse siaiutory and other agencies on the development of policy and good practice on user and carer involvemenL in order to improve the conditions of life for the residents of Leeds. Leeds Involving People offer a service that links decision-makers and communities. We give a voice to residents and support the improvement of health, social care and community services. LIP is a member-led charity that provides and represents the independent voice of people to have a platforn] through the promotion of effective involvemenl lo share their lived experiences. We do this by.. Ensuring there is always user voice at the core of decision-making Creating a branding that is trusted by the citizens of Leeds as an independent charity that offers an opportunity for people to improve Leeds health and social care services. Acting as an Independent voice in the Leeds health and social care economy Involving the community in the developmenl of health and social care services by ensuring their opinions and concerns are at the centre of decision-making processes that shape services and the involvement agenda. Working with partners across the public and private sector sharing best practise and ensuring coproduction continues in commissioning, consultation and engagement Continuing to provide expertise to our partners in bespoke engagement plans to ensure hard to reach communities are given the full opportunity to participate Acting a5 an independent conduit to effective engauemeT]t by Providing a trusted broker in the system of service provision Involving people by promoting best practice in involvelnent and by ensuring M.-e use method5 that are appropriate, accessible and responsive to the need5 of individuals and communities. Supporting individuals and organisations to become involvement ready so they can work in partnership with public bodies io shape, improve and co-design services. Supporting organisations to effectively involve their services users to become 'involvement ready, Acting as a specialist voice for seldom-heard communities as identified iii the Connecting Leeds strategy. outer area strategy Page 2
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Trustees, Report Trustee5 and officers The trustees and officers serving during the year and since the year end were as follows: Trustees: Sindo Dahri (resigned 21 August 202J) Paul Landey Mary Naylor (resigned 26 April 2023) Philip Gleeson (resigned 16 Ociober 202J) Margaret Wilkinson Tessa Francis Helen Crockett Cllr Jane Daw50n (resigned 18 October 2023) Prem Singh Duggal Chairman: Mary Naylor (resi.(med 26 April 202)) Philip Gleeson (resigned 16 October 2023) Margaret Wilkinson Welcome from our Chair, Dr Margaret Wilkinson Leeds Involving People was saddened by the retirement of Mary Navlor due to ill health. Mary has been 50 supportive of Leeds Involving People. its w'ork and its members over the years that she will be greatly and fondly missed by everyone. All at Leeds Involving People. the trustee5. the staff aT]d the member5 thank Mary for her hard work over the years. Philip Gleeson had been acting as Chair of Leeds Involving People in Mary 's absence of poor health in the previous financial year but he had io curtail his involvemeni w'ith LIP rather suddenly in early October 202). We 'ere delighted and very fortunate to welcome Sharon Burke to Leeds Involving People In mid-september 2023. With her guidance and contacis across the city. organisations and )rd sector of Leeds. It has allowed Leeds Involving People to refresh and consolidate operaiions and revitalise engagement in all our activities for the benefit of the members and the grant providers. It has been a year of challenges and change for Leeds Involving People but throughout LIP has upheld its core tenet to engage with our members and take their voices lo the service providers to inforn] and improve their approach to person centred care. Leeds Involving People members have readily engaged with our project streams and provided excellent feedback on the reality of their experiences as service users and where service could be improved. They encouraging raise their voices to influence appropriateness of services for all. Leeds Involving People applauds their contribution "to make a difference" Leeds Involving People continue5 to reach out to other diverse communities and minority groups to ensure their concern5 are raised to improve the Services available for all in Leeds. Thank you to everyone for all their titne and contributions to make a real difference in Leeds. Page i
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Trustees, Report Contents Togelher lye Can (JVHS JnlegrA¢ed Care Board, ICB) Together We Can. TWC. is a steering group to voice the concerns of our members of the CUJTent mental health services linked to the Leeds Mental Health Strategy aims. TWC provides user - led solutions and innovation to improve the intended deliverables of the Mental Health Strategi, to the mental health service users within their communities and within primary care and secondary care. LIP has a strong membership at the regular monthly meetings of TWC. LIP does invest in the TWC meetings to develop and train meTnbers to engage in other work5treaTn5 and engage or contribute to the Mental Heal Partnership Board and Share with the Community Health Transforniation programme. We engaged and explored several topics. from getting involved. exploring Trauvna with emphasi5 on Child Sexual Abuse: what is meant to live in a Mentally Healthy City. a workshop on Resilience, the impact of surroundings and venue for mental health appointsnents. LIP held discussions and asked if mental health inequalities been reduced, had the gap between mental healih support services been closed and has the disparity between physical and mental health been resolved. Members were very concerned about the wording in the mission statement of the Leeds 2020 - 2025 Mental Health Strategy and how it relaied to them. Members were concerned of the lack of compassion shown at assessments and appointments, they felt ihat the staff were overstretched to deliver support. Members did not report that the gap between services had narrowed. that there were breakdowns in communications between services and a revolving door system placing members back in long waiting times to be seen. TWC delivered a full day event on STIGMA in October facilitated by Cllr Sharon Burke. It was an immersive and uplifting experience for all and a booklet was produced from one of the activities on Stigma written by the attendees. The booklet is very insi2htful perspective of our service users. Going forward the contract with the IBC h&5 closed. as the NHS work has been absorbed into the future work of Community Mental Health Transfonnation. LIP will continue to facilitate TWC engagement as it believes that TWC is the corner stone of our work and engagement with members. Page 4
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Trustees, Report Leeds City Council, LCC, Aduli Social Care Leeds Involving People, LIP is active in three main Projects- The Better Lives Board, BLB Forum for Race Equality in Social Care and Health. FRESH Leeds Deaf Action Forum, DEAForum BLB Board meetings are held bi-monthly with presentation from the Jrd sector organisations, LIP'S service users and representatives from LCC, Adult Social Care. Topics covered and discussed were: an update on the assurances for the Care Quality Commission, CQC and the Leeds Local Account development. Adults and Health Digiial Plan- Keeping Well, Age Friendly progress update, and the Adult Social Care plan; Belter Infonnalion and Access and a report back from the Communication sulFcommittee: tackling Poverty and Inequality.. providing clear inforniation on support with a focus on winter; a workshop on how to work as a Board and Direct payments. The breadth of engagement '1th Adult Social Care is considerable. The main issue arising from feedback from all the meetings w'as easier access for service users to infonnation and being aware of options available for all services. People, new to Adult Social Care. found it very difficulL at fwsL to comprehend the system. We were infornied by service users that the benefits of Direct Payment to support individuals to c(Fordinate their own care support to their own needs could be liberating. FRESH LIP Th'orked jointly with Adult Social Care on equality within a range of different 5ervice5. The di5cussion5 have moved on to talk just about equality but to bringing about equity for individuals and a more person-centred approach by Adult Social Care. Topics discu55ed were- accessing GP services, workforce rdce equality and aging well, talking about dying, trauma, historic and cultural: specific to FRESH members. and hat come5 under the remit of Social Care. Two extra events took place, one in November for a CQC inspeaion preparation on Housing Care and Home Care Extra. The seconds special event took place in March to celebrate )2 years of FRESH. Ho. to access information and options available has been a theme throughout. Not everyone has access nor able to use the internei bui finding the key 'OrdS to access detailed inforn)ation was not readily available. Greater use of the LCC Hubs in Libraries or community centres to provide inforniation or guide members to where they could access inforniation h&s been a huge progress. DEAForum Members of the DEAForum come from the Leeds Deaf Community and the purpose is for the DEAForum to raise concerns and action improvement of services for those Deaf and hard of hearing. Topics focussed on understanding the Leeds Local Plan. accessing GP Services wheii the instruction is to phone in to make an appointment to be seen. Ihe Green Doctor. proposed changes with Community Mental Health Services, an update on telecare and updating Ihe Tern)s of Reference and rules of the DEAFowm. Main issues raised by DEAForum members has been improving access to primary. care services, specifically GP services and offering altemative methods of communications to access services. LIP recommends that surgeries or services have a text relay system to allow. requesls for appointments and the expansion of Sign Live availability. Training of staff of how to use Sign Live would help as w'ould maintaining the ipads in good working order. This puts total reliance on smart phones that not everyone can afford nor use without some instruction particularly when English is not the first language and meanings get lost in translation. Page 5
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Trustees, Report Menlol Health Collaboralive The Collaborative 15 a group of key stakeholder5 with the aim of opening up conversations about mental health involving every'one acr055 the system in Leeds from those commissioning and providing support to those accessing support. The intention is to bring about change with the goal of improving mental health and wellbeing for the people of Leeds. LIP have ensured representation at a range of diffent meetings and projects undertaken in this financial year. e.g. Youth Justice, 'orkIng with 2 groups of young offenders io find out what support they needed. A survey was cfrproduced for all staff and young offenders within the system. GP access, continuing to work on improving access to GP surgeries for all. Training members to ensure they were prepared and equipped with the necessary skills required to be involved. The Li5¢ening Projecl LIP continues to facilitate a series of events to gather inforn)ation about why certain communities were not accessing Social Care for the Listening Project. Fundamentally and repeatedly engagement reported poor communication, not knowing how to access inforn]ation, dlfficulty navigating the LCC 'ebsIte if the key words to navigate are not known, or not comprehending the language. It 'aS reporled thal the words quoted of the services did not match what members were experiencing at the point of deliver!. LIP has provided feedback that many citizens do not realise that Adult Social Care is delivered by LCC and not the NHS. The website states that there may be a cost when in most cases there is a cost. Overwhelmingl). people would prefer to speak to an infonned person and rather than being told the answer to a question is not known being reassured that an answer or response would be sought. Other key themes were: not understanding what Adult Social Care is or offers, feeling ashamed or embarrassed to ask for help, fear of cultural need5 not being recognised by the services, language and accessibility barriers. The Visible Group LIP facilitates the Visible Leadership Reference Group and have representation on the Visible Steering Group. Visible is made up of survivors of child sexual abuse. They undertake the work to improve the health and wellbeing for other services by explaining to service providers how to engage, treat and be a.are of upsetting trigger points or actions at appointments. They have produced podcast guides, new'letters and made connections with other groups to increase the diversity of involvement in the Reference Group. Visible have increased the frequency of their Reference GTOUP meetings and have plans to widen access and their work in the near future.
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Trustees, Report Connecting Leedg LIP is the key engagement partner of the Connecting Leeds progratntne and the Streets for all programme of gathering infonnation or advertising to the public how they can engage with LCC. The Leeds areas undertaken are: Arniley TO Street. Inner West, Chapel Allerton. A660. Outer East. Work covnmenced in March 2024 on Inner North West and Outer North West. National Institute of Health Research at the Universitv of Leeds Two events were held with LIP member5, one wa5 scoping the barriers of members engaging in Research studies and the second event was to provide feedback to the member5 who had partaken in the initial discussions. We acknowledge the ongoing support and enga(Fement with the University of Leeds, Leeds City Council and West Yorkshire Integrated Care Board and their partners for their inclusivity for patient and public involvement. Training LIP has designed and trained both staff and member5 to support wellbeing, build confidence and support engagement: Winter Wellbeing, Celebrating Neurodiversity, Engagementllnvolvement Ready, Manauing Anxiety, Loving Yourself. Acts 435 LIP is registered as an advocate for Acts 435, up to £150 can be donated to people in need. Acknowledgemenls Leeds Involving People's Board of Trustees, staff and members would like to thank our strategic partners and funders. Without their support LIP would not be able to fulfil our mission to link decision makers and communities together. Nor w'ould LIP be able to give a voice to under-represented. diverse and minority communities, disabled and disadvantages citizen5 to inforni and support itnprovement of health and Social care, community service5 and acce55 to inforniation. Structureg governanee and management Financial instruments Objeclives andpolicies The charity's activities expose it to a number of financial risks including credit risk. cash flow risk and liquidity risk. The use of financial derivatives is governed by the charitv"s policie5 approved by the board of trustees, which provide WTitten principles on the use of financial derivatives to manage these risk5. The charity does not use derivative financial instruments lor Speculative purpose5. Page 7
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Trustees, Report Ca5hflow risk The charitv's activities expose li primaril). to the financial risks of changes in foreigi) currency exchange rates and inierest rates. The charity uses foreign exchange foThard contracts and interest rate S..ap contracts to hedge these exposures. Interest bearing assets and liabilities are held at red rale to ensure certainty of cash flows. Credit risk The charity's principal financial assets are bank balances and Cash. trade and other receivables. and investments. The charitv's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impainnent is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instnllnents is limited because the counterparties are banks with high credit-ratings assigned by inlemational credil-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. Liquidity risk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charitv uses a mixture of long-terni and short-terni debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. Statement of trustees, responsibilities The trustees (who are also the directors of Leeds Involving People for the purposes of company law} are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare fmancial slalements for each fmancial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 its income and expenditure, of the charitable company for that period. 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 Charitie5 SORP- make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable companj. will continue in busine55. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial inforn)atioii included on the chariiable companv's website. Legislation governing the preparation and disseminatioii of financial slatements may differ from legislalion in oiher jurisdictions.
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Trustees, Report Disclosure of information to auditor Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit infonnation and to establish that the charity's audiior is aware of that inforniation. The trustees confirn] that there is no relevant infonnation that they know of and of which the). know the auditor As uiiaware. The annual report was approved by the trnslees of the charity on 7 July 2024 and Sied on its behalf by: DDcuSvJned by.. Margaret Wilkinson Chairman and trustee Page 9
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Chartered Accountants, Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of Leeds Involving People for the Year Ended 31 March 2024 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Leeds Involving People for the year eT]ded J l March 2024 as set out on pages I I to 24 from the company's accounting records and from information and explanation5 you have given us. As a practising member finn of the Institute of Chartered Accountants in England and Wales (ICAEW} we are subject to its ethical and other professional requirements which are detailed at http=IlThTrNTrv.icaew.corn/en/ members/regulations-standards-and-guidance/. This report is made solely to the board of directors of Leeds Involving People, as a body, in accordance with the tenns of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Leeds Involving People and state those matters thal we have agreed to state to the board of directors of Leeds Involving People. as a bodv. in ihis report. in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent pennitted by law. we do not accepl or assume responsibility to anN'one other than Leeds Involving People and its board of directors as a body for our work or for this report. It is your duty to ensure that Leeds Involving People has kept adequate accounting records and to prepare siaiutory accounts that give a true and fair view of the assets, liabilities. financial position and of Leeds Involving People. You consider that Leeds Involving People is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit OT a review of the account5 of Leeds Involving People. For thi5 reason, we have not verified the accuracy OT covnpletene55 01 the accounting records or information and explanation5 you have given to U5 and we do noL therefore, express any opinion on the statutory accounts. f N,- Iuk) L. Foster Mann (UK) Limited Unit 26g Springfield Commercial Centre Bagley Lane Farsley Leeds LS28 SLY 7 July 2024 Page 10
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2024 Note Ineome and Endowments from: Donations and legacies Charitable activities 2,103 274,798 274,798 Total income 276,901 276,901 Expenditure on: Raising funds Charitable activities (52,887) (208.126) (5? 887) {208,126) Total expenditure (261.OlJ} (261,013) Net income 15,888 15,888 Net movement in funds 15.888 15,888 Reconciliation of funds Total funds brought fon¥ard 166,55) 166,55) Total funds carried forward 16 182,441 Unrestricted funds 182,441 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities 399,448 399,448 Total income 402,581 402,581 Expenditure on: Raising funds Charitable activitie5 (39,663) (356,666) (39,663) {356,666) Total expenditure (396,329) {396,329) Net income 6,252 6,252 Net movement in funds 6,252 6,252 Reeoneiliation of funds Total funds brought fon¥ard 160,301 160,301 Total funds carried forward 16 166,55) 166,55) All of the charity's activities derive from continuing operations during the above two periods. The funds breakdowm for 202) is shown in note 16. The notes on pages 13 to 24 forni an integral part of these financial statements. Pagell
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People (Registration number: 3091262) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assels Tangible assets 6,521 Current assets Debtors Cash at bank and in hand 12 19,202 154,753 175,466 184,859 173,955 Creditor5: Amount5 falling due within one year 14 (4,75J) (lJ,923) Net current assets 180,106 160,OJ2 Net assets 182,441 166,553 Funds of the charity: Unrestricted income funds Unrestricted funds 18?,441 166,55) Total funds 16 182,441 166,55J For the financial year ending J l March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and The directors acknowledge their responsibilities lor complying with the requirement5 of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages I I to 24 were approved by the trustees, and authorised for issue on 7 July 2024 and signed on their behalf by: Do¢uSbJned by.. Margaret Wilkinson Chaimian and trustee The notes on pages 13 to 24 forni an integral part of these financial statements. Page 12
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity status The charity is limited by share capital. incorpordted in England. The address of its registered ol¢e is: Suite 5 Unity Business Cenire 26 Roundhay Road Leeds LS7 IAB These financial statements were auth0ri5ed lor issue by the trustees on 7 July 2024. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistentl}, applied to all the years presented, unless other%N'ise stated. Statement of complianee The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I O?)) (i55ued in October 2019) (Charities SORP (FRS I O?)), the Fiiiancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Leeds Involving People meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenwise stated in the relevant accounting policy notes. Going concern The trustees consider that there a no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the canying value of assets held by the charity. Income and endowmenls All income is recognised once the charity has entitlemeni to the income. it is probable that the income will be received and the amount of the income receivable can be measured reliably. Grants receivable Grants are recognised when the charity has an entitlement to the fimds and any conditions linked to the grants have been met. Where perfonnance conditions are attached io the grant and are yet to be meL the income is recognised as a liability and included on the balance sheet as deferred income to be released. Page li
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 Expendilure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregale similar costs to that calegory. Where costs cannot be directly attributed to particular headings they have been allocated on a basls consislent with the use of resources, with central staff costs allocated on the basis of time spent. and deprecialion charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raisingfun(ts These are costs incurred in attracting voluntary income. the management of investments and those incurred in trading activities that raise funds. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. for example. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audiL strategic management and trustees meetings and reimbursed expenses. Government grants Govemment grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset 15 deferred, it is recognised as deferred income. Taxation The charity is considered to pass the tests set out in Paraoraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respeci of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporaiion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or galns are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets cosling £0.00 or more are inilially recorded at cosL less any subsequent accumulated depreciation and subsequent accumulated impainnent losses. Depreciation and amortisation Depreciation is provided on tangible flxed assels so as to wrlte off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Page 14
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are recognised initially at the trdnsaction price. They are subsequently measured at amortised cost using the effective interest metho(L less provision for impainnent. A provision for the impainnent of trade debtors is estsblished when there is objective evidence that the charity will not be able to collect all amounts due according to the original tenns of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-tenn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for good5 or Services that have been acquired IT] the Ordinary course of business from suppliers. Accounts payable are cla55ified as cuent liabilities if the charity doe5 not have an unconditional riJt, at the end of the reporting period. to defer settletnent of the creditor for at least twelve months after the reporting date. If there is an unconditional riJt to defer settlement for at least twelve months after the reporting date, they are presented as non-CUTrent liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value. net of transaction costs. Interest-bearing borrO.1ngs are subsequently carried at amortised cost. with the difference between the proceeds, net of transaction costs, and the amount due on redemption being re¢ognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrom'ings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Page 15
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 Foreign exchange Transactions in foreign currencies are recorded at the rale of exchange at the date of the transaction. Monetary assets and liabilities denominaied in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. The results of overseas operations are translated at the averdge rdtes of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate). Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for- l) exchange differences on transactions entered into to hedge certain foreign cUencY risks (see above)- 2) exchange difference5 arising on gains OT losses on non-monetary items which are recognised in other comprehensive income. and 3) in the case of the Consolidated financial statements. exchange differences on monetary Items receivable from or payable to a foreign operation for 'bich settlemeni is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation). which are recognised in other comprehensive income and reported under equity. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Pensions and other post retiremertt obligations The charity operates a defined contribuiion pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service. the excess is recognised as a prepayment. Financial instruments clas5ificalion Financial assets and financial liabilities are recogni5ed when the charity become5 a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Page 16
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 Recognilion and measurement All financial assets and liabililies are initially measured at transaction price (including transaction costs), except for those financial assets classified as ai fair value through profit or loss, M".hich are initially 1CasUred at fair value (which is nornlally the transadion price excluding transaciion costs). unless the arrangement constitutes a financing transaction. If an arrangement constitules a financing transaction. the financial asset or financial liability is measured at the present value of the fuiure payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognlsed amounis and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flom's from the rinancial asset expire or are settled. b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset. or c) the charity. despite having retained some, but not all, significant risks and rew'ards of ownership. has transfeed control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract 15 discharged, cancelled or expires. Page17
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 Debl instruments Debt instruments 'hICh meet the following conditions are subsequently measured at amortised cost using the effective interest method: (a) The contractual retum to the holder is (i) a fixed amounl- {ii) a positive red rdte or a positive variable rate; or (iii) a combination of a positive or a negative fixed rdte and a positive variable rdte. (b) The contract may provide for repaymenls of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leverdged. (c) The contract may provide for a deterniinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than ( l) a change of a contractual variable rate- (2) to protect the holder against credit deterioration of the issuer- (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (li) the new rate is a market rate of interest and satisfies condition (a). (d) There is no contractual provision that could. by its tern15. result in the holder105ing the principal amount or any interest attributable to the current period or prior periods. (e) Contractual provisions that permit the issuer to prepay a debt instrument or pennit the holder to put it back to the issuer before maiurity are not contingent on fulure events. other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer. or lo protect the holder or issuer against Changes in levies applied by a central bank or arising from changes in relevant taxation or law. (fj Contractual provisions may pennit the extension of the terni of the debt instrument. provided that the retu to the holder and any other contractual provisions applicable during the extended tem) satisfy the conditions of paragraphs (a) to (c). Debt instruments that are classified as payable or receivable M'ithin one year on initial recognition and which meet the above conditions are measured at the undiscounled amount of the cash or other consideration expected to be paid or received. net of impainnent. With the exception of some hedoing instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impainnent. Investments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairnient. Investments in 5ub5idiarie5 and associates are vneasured at cost le55 impairnient. For investments in subsidiaries acquired for consideration including the i55ue of share5 qualifying for merger relief, c05t is measured by reference to the non]inal value ol the shares i55ued plus fair value of other consideration. Any pretnium is ignored. Page18
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 Derivalivefinancial inslruments The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes. Derlvatives are initially recognlsed at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activiiies immedialely unless the derivative is designaied and effective as a hedging instrument, in which event the liming of the recognition in statement of financial activities depends on the nature of the hedge relationship. Fair value measuremenl The best evldence of fair value is a quoted price for an idenlical asset in an active market. When quoted prices are unavailable. the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value. the fair value is estimated by using a valuation technique. 3 Income from donations and legacies Unrestricted fund5 General Total funds Grants. including capital grants; Government grants Total for 2024 2,103 Total for 2023 3,133 4 Income from charitable activities Unrestricted funds General Total funds 274,798 274,798 Total for 2024 274,798 274,798 Total for 2023 J99,448 399,448 Page 19
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 5 Expenditure on raising funds a) Costs of trading aetivities Unrestricted funds General Total funds Note Costs of goods sold 48,702 48,702 Total for 2024 48,702 48,702 Total for 2023 i7,919 b) Inveslment management costs Unrestricted funds General Total funds Note Allocated support costs 4,185 4.185 Total for 2024 4,185 4,185 Total for 2023 1.744 1.744 Total cosls 6 Expenditure on charitable activities Unrestricted funds General Total funds Note Governance costs 208,126 208,126 Total for 2023 356,666 356,666 Total expenditure In addition to the expenditure anal!5ed above. there are also governance costs of £208,126 (2023 £356,666) which relate directly to charitable activities. See note 7 for further details. Page 20
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 7 Analysis of governance and sUPPOrt Costs Governance costs Unrestricted funds General Total funds Staff costs Wages and salaries Social security costs Pension costs Other staff costs Audit fees Other fees paid to auditors Marketing and publicity Other governance costs 148,926 8.408 9.879 3.202 148,926 8,408 9,879 3.451 1.717 1,717 32,543 Total for 2024 208,126 208,126 Total for 2023 J56,666 356,666 8 Nel incomingloutgoing resources Net incoming resource5 for the year include- 2024 9 Staff eosts The aggregate payroll costs were as follows: 2024 2023 Slaff costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs 148,926 8,408 9,879 258,480 16.441 15,024 4,756 170,415 294,701 No employee received etnoluments of more than £60,000 during the year. Page21
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 10 Taxation The charity is a registered charity and is therefore exempt from tsxation. 1 l Tangible fixed assets Furniture and equipment Total Cost At l April 2023 Disposals 11,407 (7.612) 11,407 (7.612) At J l March 2024 Depreciation At l April 2023 Charge for the year Eliminated on disposals 4,886 4,186 (7,612) 4,886 4,186 (7.612) At 31 March 2024 1,460 1,460 Net book value At J l March 2024 At J l March 2023 6,521 6.521 12 Debtors 2024 2023 Trade debtors 19,202 13 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 81 175,385 231 154,522 175,466 154,75) Page 22
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 14 Creditor5: amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Other creditors Accruals 4,699 6,093 1,691 1,440 1.976 1.584 4,753 13,923 15 Pension and other schemes Defjned contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £9,879 (2023 - £15,024). 16 Funds Balance at I April 2023 Incoming resources Resources expended Balance at 31 March 2024 Unrestricted funds General 166,55) 276.901 (261,013) 182,441 Balance al I April 2022 Incolning resources Resources expended Balance at 31 March 2023 Unrestricted funds General 160,301 402.581 (396,329) 166,553 17 Analysis of net assets between funds Unrestricted funds General Total funds at 31 March 2024 Tangible fixed assets Current assets Current liabilities 2,335 184,859 (4,753) 184,859 (4,75J) Total net assets 182,441 182,441 Page 2)
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Notes to the Financial Statements for the Year Ended 31 March 2024 Unrestricted funds General Total funds at 31 March 2023 Tangible fixed assets Current assets Current liabilities 6,521 173,955 (13,92)) 6,521 173,955 (lJ,923) Total net assets 166,55J 166,55J 18 Analysis of net funds At l April 2023 At 31 March 2024 Cash at bank and in hand 154,75) 154,753 Net debt 154.753 At l April 2022 154.753 At 31 March 2023 Cash at bank and in hand 141,864 141,864 Net debt 141,864 141,864 19 Related party transactions Page 24
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Statement of Financial Activities by fund for the Year Ended 31 March 2024 Unrestricted Funds Total Total Unrestricted Unrestrieted Funds Funds 2024 2023 Income and Endowment5 from: Donations and legacies Charitable activities 2,103 274,798 3,133 399,448 Total income 276,901 402,581 Expendilure on: Raising funds Charitable activities (52,887) (208,126) (J9,66J) (356,666) Total expenditure (261.013) (396,329) Net income 15,888 6,252 Net movement in funds 15.888 6,252 Reconciliation of funds Total funds brought forward 166,55J 160,301 Total funds Caled forward 182,441 166,553 This paue does not form part of the statutory financial statements. Page 25
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Income and Endowments from: Donations and legacies (analysed below) Charitable activities (analysed below) 2,103 274,798 399,448 Total income 276,901 402,581 Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) (52,887) {208,126) (J9,663) (356,666) Total expenditure {261,013) (396,329) Net income 15,888 6,252 Net movement in funds 15,888 6,252 Reconcilialion of funds Total funds brought forward 166,553 160,301 Total funds Caled forward 182,441 166,553 This paue does not form part of the statutory financial statements. Page 26
Docusign Envelope ID.. CC9EC53E-EF9B4BD7-9E6t>E63F711 D56FF Leeds lllvolving People Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Donations and legacie5 UK Government grants 2,103 Charilable activities Contractual income from government or public authorities 274,798 274,798 399,448 Raisingfundw Direct costs Subcontract cost Depreciation of ofFice equipment (26,233) (22,469) (4,185) (35,989) (1,930) (1,7LM) (52.887) ()9,663) Charilable aclivities Wages and salaries Staff NIC (Employers) Staff pensions {Defined contribution) - pension scheme I Staff training & recrnitment Rent (148.926) {8,408) {9,879) {),202) {),594) {5,049) {),42J) (258,480) (16,441) (15,024) (4,756) (5,550) (6,504) (J,414) (1,455) (J,170) (J,284) (6,358) (2,668) (150) (4,800) Rates Insurance Repairs and maintenance Telephone and f&x Computer software and maintenance costs Printing, postage and stationery Trade subscriptions Charitable donations Hire of plant and machinery (Operaling leases) Cleaning Travel and subsistence Advertising Accountancy fees Legal and professional fees Bank charges Bank interest recievable Fines PAYE Interest {I,J41} {2.45J) {5.264) (1,591) {2.456} (41) {8.238} {1.717} {J,451 } (13,953) (4,292) (2,6J6) (3,900) (10) 1.321 (400) (4) 169 (208,126) {356,666) This paue does not form part of the statutory financial statements. Page 27