LIFE EDUCATION CENTRES BROMLEY LIMITED Company Number 03466055 (England & Wale$) Re8lstered Charlty Number I(￿268 Rnandal Statements For the year ended 31 March 2023 A COMPANY LIMfiED BY GUA￿￿EE NOT HAVING A &IARE CAP￿AL CONTENTS 1 & 2 Report of the Directors 3 Report of the Independent Examiner 4 Statement of Financial Activities lincludin8 Income & Expenditure Account) 5 Balance Sheet 6 & 7 Notes to the financia5 5tstements LIFE EDUCATION CENTRES BROMLEY LTD LEGAL AND ADMINISTRAMVE INFORMATION ACCOUNTS FOR THE YEAR TO 31 MARCH 2023 Charrty Commission number 1066268 Registered in England number 03466055 Registered address 77 Merlin Grove Beckenham Kent BR3 3HS Trustee￿DIfectoTs R Skinner- Chairperson T Catherall Treasurer M D Hitchens R Baird G MtGinn C Whitehouse- Company Secrelary E B Tomfield- appolnted 30.3.2022 F McGafry- appointed 30.3.2022 Bankers CAF Bank Ltd 25 Kings Hill Avenue We51 Mallin8 Keni ME19 41Q Insurers Ansvar An5var House St Leonards Road Eastbourne East Sussex 8N213UR Independent Examiner T L Huxtable 11 Stanhope Grove Beckenham Kent BR3 3J6 Contact lifeeducation.biomley@gmail.com LIFE EDUCATION CENTRES BROMLEY LIMITED REPORT OF THE DIREcfoRSITrUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The Trustee5, who are also Directors of the Chartty for the purposes of the Companies Art. present their annual report and financial statements for the year endin8 31 Marth 2023. The Trustees have adopted the provisions of the Siatement of Recommended Practice ISORPI -Accountin8 and Reporting by Charrtie5" in preparing ihe report and account5. Or8anisatl¢n and principal activity The Charity Is ¢on5thuted a5 a company limited by guaraniee and is therefore governed by a memoiandum and articles of association. The charitable objective and principal aciivity is to provide health and wellbeing education to the primary school5 in Ihe London Borough of Bromley and surrounding areas using a dedicated Lifespace, equipped WFth a ran8e of interactive audio, visual and electronic aids. Statement of Trustees, responslbSlhlÈs Company law requires the directors to prepare financial statement5 for each financial year which give a true and fair vlew of the state of affairs of the company and of its intome antl expenditure for that period. In preparin8 those financial statements the direciors are required to.. select surtable accounting poI￿leS and then app￿ them conslstentlv.. make judgefflents and e5timate5 that are reasonable and prudeni- prepare the financial 5tatement5 on the going concern basis unle55 It IS napproprkqte to assume that ihe charity will continue In busine55. The directors are responsible for keeping proper accounting records which disc105e, with reasonable accuracy at any time the fin3nclal posltion ol the Charily. and whjch etiable them to both ascertsin the financial posiiion of the Charity and ensure that the financial statements comply with the Charsties Act 2011. They are also responsible for safegu3fdinB the a55ets of the Charity and hence for takln8 reasonable steps for ihe prevention and detection of fraud or other irregularities. Trustee5 There are currently eight DiTectors l Twstees in posi. Review ol major a¢tl¥ltles and achlevements otthe year This year has seen a return to our normal aaiviiies in schools. following ihe Covid 19 pandemic. We are are pleased io note that we ore in a strong position, with bookings from the vast majority of our pre-pandemic schools and several new schools 100. We know there continue5 10 be a demand for our servbces and we are determinetl to continue to provide those services io schools. Following the successful launch of our new Llfespace in September 2022, thls has become the standard delivery method for the workshops we deliver to schools. Our second Lrfespace is now in use and is enabling us to meet the demand from the increasing numbeT of new schools requesling our services. The new Relationships Education Programme for primary schools, developed by Coram LE in line with the new statulory requirement for Relationships and Sex Education for schools from September 2020, is now part of our offer and has been welcomed by schools. with an increasing number of bookings. We have had near capacity bookings throughout all Ihree terms of the p35t year. Our Educaiors continue to receive very appreciative comments after their visits, and schoo15 appTeciate the p￿r¢￿e focus on children's mental health. which continues to be a concerning feature of post pandernic life. We currently have one Senior Educator, Kate Watkins, and one part time Educètor, Mr¢a Gordon. During ihe year. our other part time Educator. Sharon Stoddard, decided to retire from teaching due to health issues. Sharon has been a volued member of ihe team for many years and has contributed a 8reat deal to Life Education Bromley in many ways. She has been with us through 3 ￿lIod of many changes and her steadfast support has been much appreciated. We will miss her and wish her well. The Trustees would also like to take this opportunity to thank Kate Watkins and Mita Gordon, for their hard work and enthusiasm, and their commitment. They are a strong and experienced team, with an excellent knowledge and understanding of the workshops and the schools they visit. They continue to approach and resolve the many challenges they face with great enthusiasm and care, and this is much appreciated by both the schools and the Trustees. ## **Reserves Policy** The Trustees have a policy of retaining sufficient reserves to cover a minimum of 6 months outgoings amounting to approximately £30,000. ## **Future Developments** At the start of 2023 we looked at the sustainability of our new method of delivery and in particular, the transportation of the LifeSpace. It was being carried in the Educator’s own car, involving a lot of heavy lifting and a great deal of wear and tear on the car. We made the decision to lease an electric van to be used for the transportation and storage of both LifeSpaces. We took delivery of the van in April 2023 and it is proving to be highly successful on all counts. The cost of this will be considerable, but will be offset by the fact that we no longer have any towing costs, and it will provide a much safer, more sustainable and practical way of transporting the LifeSpace. In September 2023 Coram LE is launching a new Mental Health Workshop for primary schools and our Educators will receive training for this from September. We expect to be able to offer this new service from January 2024, thus increasing our offer to schools and providing them with a “pick and mix” range of provision. There continue to be a number of schools which have purchased a subscription to SCARF but do not currently want an Educator visit. Under the terms of the SCARF agreement, we provide technical and educational support to these schools in return for a 50% commission. There have been many changes to the way we work in recent times, some due to new developments introduced by Coram LE and some due to the pandemic. The Trustees are conscious of their responsibilities to the Educators and to the schools who have put their trust in us and are working hard to ensure that we can continue to deliver our high quality services to schools. ## **Review of Financial Activities** The Statement of Financial Affairs shows total income for the year of £68,477 (2022: 67,809) and total resources expended of £58,860 (2022: £56,565). Our income continues to be boosted by commission fees from the sale of SCARF, the Coram online resource for schools. We continue to receive regular generous donations from our local Rotary Clubs, especially Bromley Rotary Club, which are much appreciated, and this year we also received a grant of £2,500 from the Garfield Weston Foundation. ## **Risk Management and Reserves** The Trustees actively review on a regular basis the major risks that the Charity faces and how these can be overcome. We maintain strict controls over key financial systems and constantly consider how we can reposition the Charity to best meet the challenges. The Trustees will ensure that we remain best placed to face the issues which lie ahead. We continue to investigate charity funding / donations that will help us to survive and continue our work in schools. ## **Independent Examiner** We are again obliged to Terry Huxtable FCCA for agreeing to act as Independent Examiner. This report, which has been prepared in accordance with special provisions of Part 15 of the Companies Act 2006 relating to small companies. Signed on behalf of the trustees and board of directors on 18 July 2023. Rosamund Skinner Director/Trustee 2 INDEPENDENT EXAMINER'S REPORT TO THE TRU5fEES OF UFE EDUCATION CENTRES BROMLEY UMITED I report on the accounts of the company for the year ended 31 March 2023 which are set out on pages 4 to 7. Respectlve iesponslbllltles of trustees and examlner The tru5tee5 Iwho are also directors of the company for the purposes of cornpany law) are responsible for the preparation of the accounts. The trustees consider that èn audit is not required for this year under section 144121 of the Charities Act 2011 Ithe Act 2011) and that an independent examinatbon is needed. Having satisfied myself that the chaTity is not subject io audrt under company law and is eligible for independent examination. it is my respon5ibilTty to.. examine the accounts under section 145 of the 2011 Art. to follow the proceduies laid down in the general Directions 8i¥en by the Charities Commission under section 14515llbl of thr 2011 Act.. and to stste whether particular matter5 have come to my attents"on. 8asls of Independent examlner's report My examination was caTiied out in accordance with the general directions given by the Charities Cornmission_An examination include5 a review of the accountinq records kept by the charity and a comparison of the accounts presented with the records. It also includes consideration of any unusuèl items or disclosures in the accounts and seeking explanations from you as trustees concerning such matters. The pr￿edureS undertaken do not Pfovide all the evidence that would be required in an audit and wnsequently rbo opinion is given as to whether the accounts present a true and fair view nd the report is limited to those matters set out in the 5tstemènt bdow. Independent Examlner's Report In connect•on with my examination, no matter ha5 come to rny attention: which gives me reasonable cause to believe that in any material respert the rèquirements: to keep accounting records in accordance with sections 386 and 387 of the Companies Art 21M)6: and to prepare account5 which accord with the accounting records,cornply with the accountin8 requirements of sections 394 and 395 of the Companies Act 21)J6 and with methods and principles of the Staternent of Recommended Practice: Accounting and Reporting by Charities have not been rnet= or to which, in my opinion,attention should be drawn in order to enable proper under5tandin8 of the accounts to be reached. .12) T L Huxtabte FCCA 11 Stanhope Grove Beckeiihail) Kenl BR3 3JB Date.. UFE EDUCATION CENTRES BROMLEY LIMITEO Company Number 034660551Enzland & Wales) SrATEME1￿ OF FINANCIAL AcfiviTIES {INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Inromln8 Resources 2023 2022 SL"Iiwls Rotary Donations Scarf Commission Grants Fees Bank Interest Govt Retention Sale of Mobiles Other Intome 62352 17CM) 57329 1392 25 220 247 7996 326 103 Totsl Incorne 68477 67809 Dliect Char5tablè Expendlturè Educators- salary and social securlty c￿ts Pensions Educators Expenses Conference Life Space Insurdnce Maintenance Depreciation Travel Licence to Nats'onal Office Sundiy Experise5 40333 1391 147 330 40246 1312 430 1740 1914 411x1 1598 642 41CKJ 7936 7780 457 286 Totsl Expendltuie 56565 Net (out8oln8) I Incomln8 resources lor year 9617 11244 General Fund balance brought forward at l April 2022 68022 56778 General Fund balance Carried forward at 31 Maf¢h 2023 77639 68022 The statement of financial activities include5 all gains and105ses reco8ni5ed in the year. All incoming resources and re5ource5 expended derive from continued actNSties and are in respect of unre5trirted funds. UFE EDUCATION CENTRES BROMLEY LIMITED Company Number 03466055 (England & Wales) BALANCE SHEET AT 31 MARCH 2023 2023 2022 Flxed Assets Tangible Assets 6000 ioiLKJ Current Assets Debtors Cash at bank and in hand 71639 57922 77639 68022 Current Liabilitie5 Creditors due within one year- fees in advance Net Current Assets 77639 68022 Net Assets 77639 68022 ilniestricted Reserves 47639 30000 38022 30000 General Fund unrestricted 77639 68022 Tor the year ended 31 March 2022, the company was entitled to exemption from audit under section 477121 of the Companies act 2006. The member5 have not required the company to obtsin an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: ensuring that the company keeps accounting records which comply with section 386,. and preparing accounts which give a true and fair view of the state of affair5 of the company at the end of the financial period and of its results for the period then ended in accordance with requirements of section 393,and which otherwise comply with the requirements of this Act relating to the accounts,so far as applicable to the company. The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small eompanies and with the Financial Reporting Standard for Smaller Entities (effective April 20081. The accounts were approved by the board on I f. LI. 2023 and signed on its behalf by: Directors UFE EDUCATION CENTrES BROMLEY UMITEO NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUI4TING POLICIES Basls ot P£Q￿ni1ng The financial ststements have been prepared under the historical cost convention and the Statement of Recommended Practice: Accounting and Aeporti'ng by Charits'e5 issued in March 2(M)5. Inc¢)rnlng reSOUfces All incorning resources are included when the company 15 entitled to the income and the amount can be quantified wrth Tea50nable atturary. Tan￿ble Axed Assets ¥bd depredatlon Tangible fimed assets are stated at cost where they have been purchased bv the company or at a fair market value t the time of their comin8 into possesson of the company where they have been donated or acquired other than by purchase. Depreciation is provided to write off the cost of each asset,less its estimated residual value. over its experted useful life on the following basis= Mobile Classrooms PuTchased pre 311312010 Purchased post 3V312010 12.5% pa on straight line basis 25% pa on stsaBht line basis TRUSTEES EXPENSES No remuneration is paid to the trustees and directors for their services. Expense5 totalling £O12018- £91 were reimbursed to 012018 11 trustees dufin8 the yeaF.These exp¥n>e> weie foi tsavellin&pM)51•8e,prinlin&sidiLmeiy and computer costs incurred in respect of their duties for the company. TANGIBLE FIXED ASSET5 Moblle Ule aa5yoom Space At Valuation At l April 2022 C05t During Year At 31 March 2023 119505 119505 164 Depredatlon At l April 2022 Depreciation 2023 At 31 March 2023 119505 63(Kl 411x1 10400 119505 P4et 8ook Value At 31 March 2023 LIFE EDUCATION CENTRES BROMLEY UMITED NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 4 RESERVES 2023 2022 General Fund 84lance carried forward 30000 30000 30000 30000 5 MEMBERS GUARAMfEES The number of membersat the balance sheet date was 5 and their liability to contribute to the asset5, in the event ofthe company b￿￿£ wound up, is a maximum of£1 eath. 6 C1)r￿oLLING PARri For thewhole period, thecompany was under the control of directors, all of whom are also Trustees of the Charitv.