Charity Registration No. 1078271
Company Registration No. 03761954 (England and Wales)
LEICESTER CHARITY ORGANISATION SOCIETY TRUSTEES REPORT
AND
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
SOMERBYS LIMITED
CHARTERED ACCOUNTANTS
30 NELSON STREET
LEICESTER
LE17BA

LEICESTER CHARrrY ORGANISATION SOCIETY
CONTENTS
Page
Legal and administrative details
Trustees, report
Auditor's report
9-12
Consolidated Statement of Financial Activities
13-14
Consolidated Balance Sheet
15
Company Balance Sheet
16
Consolidated Statemént of Cashflows
17
Notes to the accounts
18-33

LEICESTER CHARtrY ORGANISATION SOCIETY
LEGAL AND ADMINSTRATNE DETAILS
Trustees
A H Jarvis (Treasurer)
G Oliver (Chaim78n)
C A Pharoah
C E Smith
Prof S M Sharma
CTSaul
C E Shevas
H Sahota
Chief Ex•cutlve Officer (CEO)
Mrs S McEniff
Secretary and Deputy CEO
J A Munton
Charlty numbèr
1078271
Company number
03761954
Reglst•red office and prlncipal address
20a Millstone Lane
Leicester
LE15JN
Audltor
Somerbys Limited
Chartered Accountanls
Statutory Auditor
30 Nelson Street
Leicester
LE17BA
Bankers
Lloyds Bank PLC
7 High Street
Leicester
LE19FS
Invesbnent Advisors
Rowley-Turton (IFA) Limited
Charnwood House
Harcourt Way
Meridian Business Park
Lei￿ster
LE19 1WP
Subsidiary Undertaking
The Goods Depot Limited
Sandown Court
Stalion Road
Glenfield
Leicester
LE38

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The truslees present Iheir report and financial statements of the charty for the year ended 31 March
2024. The Irustees have adopted the provisions of the Statement of Recommended Practice (SORP)
'Accounting arKI Reporting by Charities, (FRS 102) in preparing the annual report and financial
statements of the charity.
The financial statements have been prepared in accordan￿ with the accounting policies set out in the
notes to the accounts and comply with the charity's goveming documents, the Charities Act 2011 and
Accounting and Reporting by Charities. Statements of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland published in October 2019.
Administration Details
Leicester Charty Organisalion Society. known as Charity Link, is a registered Charity and 8 Company
limtted by guarantee. The liability of Members is limited to £1 per m8mbor in the event of wirKling up. Its
registered office is as shown on Page 1.
The Directors, who act as Trustees, are shown on Page 1 logether with th8 names of the principal
external advisors.
structure. Govemance and Management
The goveming document of the Charity is the Memorandum and Articles of Association incorporated on
28 April 1999 and amended by a special resolution on 30 October 2006.
Organisation
A board of Trustees. who meet quarterly, administer the Charity. A Chief Executive Offic8r (CEO) is
appointèd by the Truslees to manage the day-to-day operations of the Charity.
Govemanc8
The board of Twstees are committed to good govemance and has adopted the Charty Goveman
Code. The Trustees believe that slrong govemance is essential for the effective operation of the Charty
and the trust of donors and beneficiaries. As part of the commitment, the Trustees have taken steps to
comply with the principles and recommendations outlined in the Code and will continualty assess and
improve governan￿ practices in line with the Code.
Policies andprocedures forinduction and training of Trustees
The Chair would like to express his deep app￿la110￿ for the dedication and expertise of all trustees.
particular5y those who have served for over nine years. Their long-temi commitment has been
instrumental in guiding the charity through various challenges and opportunities. and their contributions
are greatly valued. The breadth of their experience has provided invaluable continuity and insight into Ihe
charity's strategic direction. In recognition of the need for fresh perspectives and additional expertise. the
Board of Trustees is actively recruiting new trustees to complement the existing skill sel and strengthen
governance further. This ongoing process ensures that the Board Temains well*quipped to meet the
charity's future needs while maintaining a high standard of govemance and accountability.
The charity has established a process for Ihe induction and training of newly appointsd trustees. This
process ensures that all trustees are fully infonned of their legal obligations under charity law and
company law. as well as the govemance and operational responsibilities associated with their role. Each
new trustee has access to induction materials, which includes the charty's goveming documents. recent
financial statements. key policies, and procedures. as well as information on the charity's strategic
objectives and currenl activities. Furthermore, new Irustees attend a series of briefings with senior staff
and existing trustees to familiarise themsefves with the charivs structure, operations, and key risks.

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Ongoing training opportunities are provided to trustees to ensure that their skills and knowledge remain
up to date. enabling them to effectivety fulfil their duties.
Employees
The Irustees would like to extend their sincere thanks to all members of staff for Iheir hard work,
dedication, and professionalism throughout the year. The success of the charity in meeting its charitable
objectives is a direct result of Ihe commitment and passion demonstrated by our staff. Their efforts have
ensured that the charity continues to deliver hIgh￿ualIty seNices and support to our beneficiaries, even
in the face of challenges. The trustees remain committed to supporting and empowering stsff, fostering
a positive and productive working environment where they can thrive and contribute to the charity's
mission. Together. we will continue to work lowards achieving the charty's long-term goals and delivering
meaningful impact in the communities we serve.
Relatedparties
The Charity has common key personnel with R D8phne Plunk8t Charitable Trust, LeicBster Indigent Old
Age Society and the Mansion Trust (UK). Charity Link administers these charities. Atl other rèlated parties
and transactions can be found in note 19 of the Financial Statements.
Risk factors
The trustees are committed to ensuring that effective risk management systems are in place to identfy.
assess. and manage the key risks facing the charty. The major risks to which the charity is exposed. as
idantified by the trustees, have been reviewed, and systems or procedures have been estsbllsh8d to
manage those risks. This includes regular assessments of both operational and financial risks, which are
documented in a risk register. The risk register is reviewed quarterly to ensure that appropriate actions
are taken to mitigate the identified risks. By maintaining robust internal controls and reviewing the
effects'venèss of risk management strategies, the trustees aim to protect the charity's assets. reputation,
and the delivery of its charitable objectives.
Remunardtion
The trustees have established a remuneration policy that ensures salaries and benefits for the charity's
staff are fair, compets'tive, and aligned with Ihe charity's values and objectives. The Finance and
Remuneration Sub-committee review remuneration annualty, taking into account market benchmarks.
the charity's financial performance. and the need to retain and attract skilled staff. Recommendations are
made to Ihe Board of Trustees and the Board of Trustees is responsible for adopting those
recommendations. In light of the CufTent economic dimate and cost of living. the Trustees have reviewed
salary levels to include an inflationary uplift of salaries to offer a fair salary, retain staff and support Ihe
delivery of the Charity's aims and objectives. Cost of Irving pay increases were awarded to slaff reflecting
rising livrng costs. whilst maintaining budgetary controls. The Trustees believe this demonstrates their
commitment to the staff team. but also helps maintain a motivated and stable workforce. ultimately
contributing to the continued success of our charitable endeavours.
Objectives and Activities
The Charrvs objects are to relieve povety and the distress arising therefrom but not exclusively by:
the provision of charitable and other grants.
the provision of weffare benefrts and budgeting advice.
the provision of information and training for other agencies regarding welfare benefit claims.
the provision of services (including trust administration) to assist chartties in conducting their
affairs.

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
to facilitate co-operation between charities and other weffare agencies.
to influence social policy makers and seNice providers.
ChariVs aims
Our vision..
Everyone, ittespective of circumstances, has the opportunty to fulfil theirpotential in life.
Ourpurpose..
To provide timely. targeted and appropriate assistance in times of crisis or hardship.
Ourbeliefs..
Everyone has a right to a standard of living where they are dry. warm, clean. safe and can
feed themselves
Financial orpractical support at a time of crisis orhardship can make a difference to people s
well-being. health and their fvture
Well be most effective and effluent by worting in collaboration wth other organisations
Strntegies to achieve main obioctives for the year.
Thé strategies employed to assist the Charity to meet these objectives included the following:
providing charitable grants to individuals in need
providing Charitab￿ grants lo projects working with disadvantaged people
working in partnership with olher agencies to maximise financial help available to benef￿laries
modemising and streamlining systèms and processes
outreach and community development
Criteria by which Cha17ty MeasU￿S its success.
The Chaiity measures its success in the reporting period by reference to the achievement of grant
income. expenditure control. the number of referrals and the social impact which its work has on
beneficiaries and delivery of KPIS relating to partnership projects.
Grant making policy.
The Charity receives referrals from health. social care and educatlonal agencies. charities, and
individuals. It raises grants to meet the needs of Ihe most needy and vulnerable people in the
community by raising funding from an in-house porifolio of funds, national charities. benevolent and
occupational funds.
Significance of volunteerstaff
Volunteers play a significant role in the success of the Charity and the Trustees are immensely grateful
for the dedication and commitment of our volunteer staff. Although numbers have not retumed to pre-
pandemic times, a number of volunteers have supported the work of the charity. including taking part
in the intemship programme with De Montfort University.
Publ￿ benefft
The Trustees confimi that they have complied with the duty in Section 4 of Ihe Charities Act 2011 to
have due regard to the Charity Commission's general guidance on public benefrt. They have referred
to that guidance when reviewing aims and objectives and in planning future activities. In particular. the
Trustees consider how planned activities will contribute to the aims and objeclives they have set. The

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Trustees ensure that these activities are carried out for the public benefit by delivering services that are
valued by the people we support and enable those with responsibility in the sectorto develop and adopt
best practice, thereby promoting a transparent and efficiently managed charity that engenders public
confidence and trust.
Achievemonts and Perforniance
The principal focus of the Trustees over the last year was to deltver the Charity's objectives as the cost-
of- living crisis continued, creating considerable need among Servi￿ users. In order to do so. the Charity
had to remain financially stable while, simultaneously, meeting the need from service users. This was
achieved with an effective team response from trustees, stsff and volunteers. Grants to individuals in
need were £1,612,639 in the year, compared to £1,653,835 in the prior year, the total number of grants
made increased to 7,953 from 7.918 in the year to March 2023, a slight increase year on year. These
grants helped disadvantaged individuals and families, as well as institutions working with such people.
A grant programme was funded for a fourth ye8r by Octopus Energy as part of the Warm Homes
Initiative. The Charity also assistad L8icester City Council and Leicestershire County Council deliver its
Household Support grants schema. This combinalion of grant programs supported the response to the
cost-of- living crisis and ensured that the charity has actively and successfully delivered on ts core
objective and positively impacting on 6,500 beneficiaries.
Our thanks go to all those charities, local authorities. companies, and individuals which helped us
support the most vulnerable members of our communty through another challenging period.
In achieving our objectives, the Charity closèly monitors performances agalnst targets for funding
re￿iVed under grant agreements with the local authorities and Integrated Care Board; mainlains
Servi￿ standards for trusts under our administration. actively drives foNard the development of our IT
systems, continues to modernise systems and processes in order to improve efficiencies to increase
the overall impact of our work. Extsrnal factors and risks are the continued insecurity over funding from
the local authorities and the NHS Leicester, Leicestershire and Rutland Integrated Care Board and
reduced income from donations.
The trading ann, The Goods Depot Limited, which, opened in 2019 to supply Iow-¢OSt domestic
appliances to the Charity's beneficiaries, remained operational throughout th8 year. The objectives of
The Good Depot Limited are to assisl a greater number of service users, 8xpand business to business
extemal sales and improve the Charivs environmental impact. Any profits from the subsidiary company
will be gifted to the Charity to contribute to bng-term sustainability.
Fundraising activities
The Charity is registered with the Fundraising Regulator. Fundraising activity includes subscriptions,
individual donations, events, legacy giving, community fundraising. trust fundraising, corporate giving
and through merchandise sales. A fundraising targel of £250,000 for the general administration of the
Charity was set for the year. This was not achieved during the financial year. as donations and
subscriptions decreased by 100/0 and fundraising income decreased by 40/0, as a direct resuh of the
difficult economic climate.

LEICESTER CHARrrY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Investmentpolicy
The Trustees have the power to invest in such assets as they deem appropriate. As pennitted by the
Charity's Memorandum and Articles of Association, the Trustees have given the investment managers
discretion to manage the porffolio within an agreed risk profile.
Investment income
The income from the Lei￿ster Children's Aid Association investments is distributed by the Charity to
assist children in need in the area of benefit of the Association. thus meeting its charitable objects. Those
fijnds contribut6 to the relief of povety objective of the Charity through the provision of grants to assist
poor children and young people in Leicester through educational and other awards.
Financial Revlow
Accounting Year
The Charity has prepared accounts to 31 March 2024.
Review of activities
During the year the Charity had total incoming resources of £1,835,882 (2023: £2,126,269) and there was
a net decrease in funds of £270 (2023: £232,355 net increase). However, 2023 was an exceptional year
where income increased by £263.000 against the 2022 year*nd. The lotal restricted funds at the end of
the period amounted to £214,038 (2023.. £286,662). endowment funds amounted to £75,987 (2023:
(£72,958) and unrestricted ￿ndS (not designated for specific purposes) amounted to £366,330 (2023:
£322.005). Nole 16 to the accounts shows unrestricted fixed assets of £127.839 (2023: £143,095); free
rese￿es, as defined by SORP 2015. were. therefore, in surplus by £238,491 after taking account of the
pension deficit liability of £11,000 (2023". £178.910 - deficit after pension deficit liability of £25,000).
Reseryes policy
It is the policy of the Charty that free r8s8nies should be maintained at a level equivalent to six months
unrestricted expenditure. The Trustees consider that reserves at this level will ensure that. in the 8vent of
a significant drop in fijnding. they will be ablé to continue the Charitys current activities while consideration
is given to ways in which additional funds May be raised.
It is the aim of the Charity that a sum be added to a designated propety fund in each year provided that
a Suff￿lent operating surplus or free reserves warrant this. This fund is to be used for the purpose of
purchasing freehold office accommodation for the Charity when the lease on its current premises comes
to an end in 2034. The Trustees consider that. in this financial year. unrestricted funds are sufficient to
allow an amount of £25,000 to be transferred.
Principal fvnding sources
Aside from funds secured on behalf of service users, the principal sources in the year were income from
fundraising and grant aided arrangements with Leicester City Council. Leicestershire County Council and
th6 NHS Leicester. Leicestershire and Rutland Integrated Care Board. Grants were also re￿iVed from a
number of bcal and national Charities to assisl with the running costs of the Charity. In meeting the key
objectives of the Charty some £1,283,011 was paid by way of grants lo service users and a further 197
grants tolalling £329,628 were remitted directly by the donor charity to individual senlice users following
referral by ourselves.

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Plans for Future Years
The Trustees have carefully considered the charitys strategic direction and are committed to building on
the successes of the past year while addressing new and emerging opportunities. as well as challenges.
In the coming years, the charrty plans to expand its services in the East Midlands, continue the expansion
of the Trust Administration Service. scale up the trading of The Goods Depot Limited to achieve sustained
profitability so both services become a net contribLrtor to the Charity's operating income. Continued further
development of strategic partnerships with other organisations to increase reach within marginalised
communities and enhance the overall impact on beneficiaries and within the wider communities Ihat we
serve. The charity will continue to ft)cus on sustainable growth, ensuring that the organisallon is
modernised and using technology to streamline service provision across all araas of operation to
maximise charitsble outcom8s. As part of this strategy, the trustees have identified key priorities, including
income generation, innovative s8rvice development, cyber-security and embedding equality. diversty,
and inclusion for a fair and equitable working environment. In addition, the trust8es are dedicated to
strengthening the charity's governance. risk managemant, and financial stability to support its long-tem
objectives. The charity will continu8 to monitor extemal factors, such as economic conditions and chang@s
in ragulatory requirements, to adapt its plans as ne￿$Sary.
Statement of Trustees. Responslbllltl•s
The Trustees (who are also directors of Leicester Charity Organisation Society for th8 purposes of
company law) are responsible for pr8paring the Trust88s' Report and the financial stat8ments in
accordance with applicable law and United Kingdom Accounting Standards (Unitsd Kingdom G8neralty
Accepted Accounting Practi￿)
Company law requires the Trustees to prepare ffinancial ststements for each financial year, which give a
true and fair view of the state of affairs of the charitable company and the group and of the incoming
resources and application of resources. including the income and expenditure. of the charitable company
and the group for the year. In preparing these financial statements. the Trustees are required to."
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP 2015 IFRS 102).
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounling Standards have been followed, subject to any material
departures disclosed and explained in the financial ststem8nts;
prepare the financial statements on the going concem basis unless it is inappropriate to presume
that the charitable company and the group will continue in operation.
The Trustees are responsible for keeping proper accounting records that disGlose with reasonable
accuracy at any time the financial position of the charitable company and the group and enable them to
ensure that the financial statements compty with the Companies Act 2006. They are 8180 responsible for
safeguarding the assets of the charitable company and the group and hence for taking reasonable steps
for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware..
there is no relevant audit information of which the group's auditor is unaware; aTKI
the Trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditor is aware of that infomiation.
The Trustees are responsible for the maintenance and integrity of the corporate and financial InfO￿atIOn
included on the group's website. Legislation in the United Kingdom goveming the preparation and
dissemination of financial statements may drffer from legislation in other jurisdictions.

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Audltor
A resolution proposing that Somerbys Limited be re-appointed as auditor of the charitable company and
the group will be put to the Annual General Meeting.
This report has been prepared in accordance with the special provisions relating to small companies within
part 15 of the Companies Act 2006.
On behalf of the board of TTUStees.
GOliverlNov29.202411'.16 GMT)
G Oliver
26 November 2024

LEICESTER CHARITY ORGANISATION SOCIETY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LEICESTER CHARrrY ORGANISATION SOCIErY
Oplnlon
We have audited the financial statements of Leicester Charity Organisation Society (the parent
company and its subsi(liary) for the year ended 31 March 2024 which comprise Ihe Consolidated
Statement of Financial Activiiies. Consolidated and Parent Charitable Company Balance Sheet,
Consolidated Statement of Cash Flows and related notes to the financial statements, including a
summary of significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards. including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UKand Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the stste of the group's and parenl charitable company's affairs as at 31
March 2024, and of its incoming resources and applicalion of resources induding its incom8 and
expenditure, for the year then ended.
have been property prepared in accordance With United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
W8 conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
Charitable company in accordance with the ethical requirements that are relevant to our audit of the
financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other
ethical responsibiliti8s in accordance with these requirements. We believe that the audit evidence we
have obtsinéd is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to going concern
In auditing the financial statements, we have concluded that the Irustees, use of the going Con￿rTh
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that. individually or collectively, may cast significant doubt on the charty's abilty
to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect lo going concem are
described in the relevant sections of this report.

LEICESTER CHARITY ORGANISATION SOCIETY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LEICESTER CHARITY ORGANISATION SOCIEfY (CONTINUED)
Other Infonnatlon
The trustees are responsible for the other information. The other information comprises the infomiation
included in the tTUStees' annual report. other than Ihe financial statements and our auditor's report
thereon. Our opinion on the financial statements does not cover the other informalion and. except to
the extent otherwise explicitty stated in our report. we do not express any form of assurance conclusion
thereon. In connection with our audit of the financial statements. our responsibility is to read the other
information and. in doing so. consider whether Ihe other information is materially inconsistent with the
financial statemenls or our knowledge obtained in the audit or otherwise appears to be materially
misstat9d. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a material
misstatemenl of Ihe other infomialion. If, based on the work we have perfomied, we conclude that there
is a material misststement of this other infomiation, we are required to report that fact.
We hav8 nothing to r8POrt in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the vrfork undertaken in the course of the audit..
the informalion given in the trustees, report (incorporating Ihe directors. report) for the financial
year for which the financial statemants are prepared is consistent with the financial statements;
and
the Irustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are requlred to rèport by exception
In the light of our knowledge and understsnding of the group and parent charitable company and Its
environment obtained in the course of the audit. we have not identified material misstatements in the
trustee's report.
Wè havè nothing to report in respect of the following matters in relalion to which the Companies Act
2006 rèquir8s us to report to you rf. in our opinion:
adequate accounting records have not been kept by the parent charitable company or the group,
or returns adequate for our audit have not been recerved from branches not visited by us: or
the parent charitable company's and group's financial statemenls are not in agreement with the
accounting records and retums: or
certain disclosures of directors, remuneration specified by law are not made; OT
we have not received all the infomiation and explanations we require for our audit; or
the trustees were not entitled to prepare the financial slatements in accordance with the small
companies, regime and take advanlage of the small companies, exemption in preparing the
trustees. report.
Responslbllltles of trustees
As explained more fulty in the trustees. responsibilities statement set out on page 7, the trustees (who
are also directors of the charitable company for the purposes of company law) are responsible for the
preparation of financial statements and for being salisfied that they give a true and fair view. and for
su¢h internal control as the trustees detennine is necessary to enable the preparation of financial
ststements that are free from material misstatement, whether due to fraud or error.
10

LEICESTER CHARrrY ORGANISATION SOCIETY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LEICESTER CHARITY ORGANISATION SOCIETY
In preparing the financial statements, the trustees are responsible for assessing the charitable
company's ability to continue as a going concern. disclosing, as applicable, matters related to going
cOn￿M and using the going concem basis of accounting unless the trustees either intend to liquidate
the charitable company or lo cease operations, or have no realistic altemative but to do so.
Audltor's r•sponslbllltles for Ihe audit of th• financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance but is not a guaranteé that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered rnaterial rf, individually or in the
aggregale, they could reasonably bé expected to influence the economic decisions of usèrs taken on
the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to delect material misststements in respect
of irregularities, including fraud. The extent to which our procedures are capable of delecting
irregularities. including fraud, is detsiled b810w.
The risk of not detecting a material misstatem8nt resulting from error is considered to be low. The risk
of not detecting a material misstatement resulting from fraud is higher, as fraud msy invofve collusion,
forgery, intentional omissions. misrepresentations, or the override of intemal controls.
In the context of Leicester Charity Organisation Society. we have not identified any specific laws and
regulations other than general commercial laws and regulations, such as: Companies Act 2006.,
Charities Act 2011. Charity Commission guidance. Health and Safety legislation. GDPR and
employment law.
Our understanding of the legal and regulatory framework applicable to Leicester Charity Organisation
Society and how th8 charitable company has complied with its obligations has been obtained by enquiry
of management and Ihose charged with governance.
As part of our enquiries, we have discussed policies and PTOC8dures on compliance with laws and
regulations and whether any instances of non-compliance have occurred.
Our undérstanding of the charitable companvs policies and procedures on fraud risk has been obtained
through enquiry with management as to the control activities, operational syst8ms in place and whether
there is knowledge of any actual. suspected or alleged fraud.
We consider that the audit team collectively had the appropriate competence and capabilities to identify
or recognise non-compliance with laws and regulations. During our audit work there were no significant
instances of non-compliance identified.
In response to the audit risks identified in respect of irregularity and fraud. we have undertaken the
following procedures:
Enquiry of management, and those charged with governance around actual and potential litigation
and claims.
Enquiry of management to identify any instances of non-compliance wilh laws and regulations.
Enquiry of management to identify any subsequent events that have occurred after the year end
relating to this financial year.
Reviewing legal expenses during and after the year end for evidence of non-compliance with laws
and regulations.
Reviewing financial statement disclosures and testing to supporting documentation lo assess
compliance with applicable laws and regulations.
11

LEICESTER CHARITY ORGANISATION SOCIETY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LEICESTER CHARITY ORGANISATION SOCIETY (CONTINUED)
Auditing the risk of management override of controls, induding thn)ugh testing journal entries and
other adjustmènts for appropriateness, and evaluating the business rationale of significant
transactions outside the normal course of business.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at: www.frc.org.uklauditorsresponsibilities. This description forms
part of our auditorfs report.
Use of our report
This report is made solety to the charitable company's members. as a body. in accordance with Chapter
3 of Part 16 of the Companias Act 2006. Our audit work has been undertaken so that we might state to
the charitable ￿MpanY'S members those matters we are required to state to them in an auditor's report
and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the charttable company and the charitsble company's members as
body, for our audit work, for this report, or for the opinions we have form8d.
Marcus Dockerty FCA FCCA (Sonlor Statutory Audlto
For and on b•half of Somerbys Limlted
Chartered Accountants
Statutory Auditor
30 Nelson Str8ét
Leicester
LE17BA
12

LEICESTER CHARITY ORGANISATION SOCIETY
GROUP STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2024
Curront year
Unrestrfct•d Funds
Restrlcted
Funds
Designat•d Endowment
Funds
Funds
Total
2024
Notes
Income from:
Voluntary Income
Adminislration fees
Investment income
271,288
111,283
39,783
1.210.924
1,482,212
111,283
43,390
3.607
Incoming resources from
charltable actlvltles
145,417
23,835
169,252
(Xher tradlng Income
29,745
29,745
Total Income
597,516
1.238.366
1,835,882
Ex ndlture on:
Raising funds
91,511
461
91,972
Charltablo Actlvlty
Relief of poverty
436.290
1,310,529
1,746,819
Total expenditure
527.801
1,310.990
1,838.791
Realised galnl{lossl on
Investment assets
Unreallsed gainl{loss) on
investment assets
(1,017)
(1.017)
16
4,046
Net Incomel(expendlturo)
69.715
<72,624)
3,029
120
Transfers be￿n funds
Taxation
20
{25,000)
390
44.325
25,000
390
(270)
(72.624)
25,000
3.029
Net movement In funds
44.325
(72,624)
25,000
3,029
{270}
Fund balances at 31 March 2023
322,005
286.662
200,000
72,958
881,625
Fund balances at 31 March 2024
£366,330
£214.038
£225,000
£75.987
£881,355
All income and expenditure is derived from continuing activities. The statement of financial activities
includes all gains and losses recognised during the year.
See page 14 for corresponding figures for 2023.
13

LEICESTER CHARITY ORGANISATION SOCIETY
GROUP STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2024
Prior y•ar
Unrestrlcted Funds
Restrfctgd
Funds
Designated Endowment
Funds
Funds
Totsl
2023
Notas
Incom• from:
Voluntary Income
Adminlstration fees
Investrnent In￿rne
327,869
87,324
19,628
1,504.863
1,832,732
87,324
22,479
2,851
Incomlng resources from
charltsble a¢tiviti•s
145,684
27,690
173,374
Othor tradlng Income
10,360
10,360
Total Income
590,865
1,535,404
2,126,269
ndFture on:
Raising funds
84,237
435
84,672
Charltable Activity
Relief of povety
420,311
1,385,897
1.806.208
Total expendtture
504.548
1.386,332
1,890,880
Realised gainl{loss} on
Investment assets
Unrealised gainl(loss) on
investment ass8ts
{3,928}
(3,928)
16
894
894
Net Incomel{oxp8ndlture)
86.317
149,072
(3.034)
232.355
Transfers be￿een funds
20
0,000
26.317
60.000
60.000
149,072
(3,034)
232,355
26.317
149,072
60,000
(3,034)
232,355
Fund balances at 31 March 2022
295,688
137,590
140,000
75.992
649,270
Fund balances at 31 March 2023
£322.005
£286,662
£200.000
£72.958
£881,625
All income and expenditure is derived from continuing actrvities. The ststement of financial activities includes all gains
and losses recognised during th8 year.
14

LEICESTER CHARrrY ORGANISATION SOCIErY
CONSOLIDATED BALANCE SHEET
AT 31 MARCH 2024
Group
Notes
2024
2023
Flxed assets
Tangible assets
Investments
127.839
73,724
143,095
70.851
10
201,563
213,946
Currant assets
Stock
Debtors
Cash at bank and in hand
11
21,003
102.361
740,960
18.034
202,314
644,268
12
864,324
864,616
Creditors: amounts falling due within one year
13
(184.532)
679.792
(185.937
Net current assets
881,355
678,679
Credltors.. amounts falllng due a￿r ono yaar
14
(11,000)
Total assets
881.355
£881.625
Capitsl fund
Endowment
Designated funds
17
18
75,987
225.000
72,958
200.000
Income funds
Restricted funds
Unrestricted funds
15
214,038
366,330
286,662
322,005
881,355
£881,625
These financial statements have been prepared in accordan￿ with the provisions to companies subject to the
small companies. regime.
These accounts were approved by the Trustees on 26 November 2024
Signed on behalf of the Trustees.
G Oliver IN¢vlg.1024 11..L6 GMT)
G Oliver
Chairnian
Cornpany Reglstralion No. 03761954
15

LEICESTER CHARITY ORGANISATION SOCIETY
BALANCE SHEET
AT 31 MARCH 2024
Company
Notes
2024
2023
Fixed assets
Tangible assets
Investments
Investment in subsidiary
127,839
73,724
100
143.095
70,851
100
10
10
201,663
214.046
Current assets
Debtors
Cash at bank and in hand
12
120.126
696,377
244,404
607.727
816.503
852,131
Credltors: amounts falling due within one year
13
{136,811)
154,001
Net current assets
679,692
698.130
Cr•ditors: amounts falllng due after one year
14
(11.000)
Tolal assels
881,355
£901,176
Capltal fund
Endowmant
Designaled funds
17
18
75,987
225,000
72,958
200,000
Income fvnds
Rèstricted funds
Unrestricted funds
15
214,038
366,330
286.662
341.556
£881,355
£901,176
These financial statements have been prepared in accordance with the provisions to companies subject to the
small companies regime.
These accounts were approved by the Trustees on 26 November 2024.
Signed on behalf of the Trustees,
GOliverlNov19.1024 IL-.16GMYI
G Oliver
Chaimian
Company R•gistratlon No. 03761954
16

LEICESTER CHARITY ORGANISATION SOCIETY
STATEMENT OF CONSOLIDATED CASHFLOWS
YEAR ENDED 31 MARCH 2024
Notes
2024
2023
Cash flow from operatlng activiti•s
Cash generatedl(used) in operdtions
23
53.146
388.872
Net cash flow from op6rating activities
53.146
388,872
Cash fiow from investing activities
Payments lo acqulre assets
Payments to acquire investments
Re￿Ipts from sales of investments
Investment income re￿iVed
(8.351)
(66.834)
68,169
22.479
{30.513>
30.669
43.390
Net cash flow from Investlng actFviti•s
43.546
15,463
Net increase In cash and cash equivalents
96,692
404,335
Cash and cash equivalents at 31 March 2023
644.268
239,933
Cash and cash equivalents at 31 March 2024
740.960
644,268
Cash and cash equivalents ¢onslsts of:
Cash at bank and in hand
740,960
644,268
Cash and cash equlvalents at 31 March 2024
£740,960
£644.268
17

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
1.1 Accounting ¢onv•ntion
The charty ¢onslitLrtes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Account and Reporting by Charities: Slatement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard
appI￿￿bla In the United ￿ngdorn and Republic or Ireland (FRS 102), the Companies Act 2006 and UK
Generally Accepted Accounting Practice.
The financial statements of the group are prepared under the historical cost convenlion. modified to include
listed investments at fair value. The financial stat8mènts are presented in sterling which is the functional
cU￿encY of the charity and the group.
The principal accounting policies adopted in the preparation of the financial statements are set out below.
These policies have been consistently applied to all years presented unless other4vise stated. There have
been no changes to accounting eslimates during the reporting year.
The Charity has taken advantage of the small company provisions of the Companies Act 2006.
1.2 Going concem
The financial statements of the chaiity have been prepared on a going concem basis. The trustees have
considered the expected level of income and expenditure for 12 months from authorising these financial
statements. The trustees consider that the budgeted income and expenditure is sufficient with thè18vel of
reserves for the charity to be able to continue as a going concem.
Subsidiary
The financial statements of the Goods Depot Limited have been prepared on the going concem basis. Thè
financial statements have been prepared on this basis on the assumption of continued support of the
Charity.
1.3 Recognition of income
Incoming resoU￿e5 are included in the Statement of Finanaal Activiti6s (SOFA) when the charity is legally
entitled lo the income after any perfomiance conditions have been mè( thé amount can be measured
reliably. and it is probable that the income will be received.
For donations to be recognised, the charity will have been notffied of the amounts and the settlement date
in writing. If there are conditions attached lo the donation and this requires a level of performance before
entitlement can be obtained, then income is defwed until those c£)nditions are fully met or the fulfilment of
those conditions is within the control of the charity and is probable that they will be fulfilled.
Grants and voluntary income are recognised as incoming resources when receivable. Deferred income
represents amounts received for future periods and is released to incoming resources in the year for which
it has been received.
Income from trading activities indudes income earned from fundraising events and trading activities to raise
funds for the charty. Income is re￿iVed in exchange for supplying goods and services in order to raise
funds and is recognised when enlitlement has occurred.
Income from local govemment grants are ￿cOgnised at fair value when Ihe charity has entitlement after any
performance conditions have been met, it is probable that the income will be received and the amount can
be measured reliably. If entl￿ement is not met then these amunts are deferred.
18

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy
being received. At this point income is recognised.
Investment income is recognised when the amount can be measured reliabty.
Income of subsldlary
Tumover is recognised at the fair value of the consideration received or receivable for goods and seNices
provided in the normal course of business and is shown net of VAT and olher sales related taxes. Th8 fair
value of consideration takes into accounls trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the
goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured
reliably, it is probable that the economic benefits associated with Ihe transaction will flow to the entity and
the costs incurred or to be incurred in respect of the Iransaction can be measured reliabty.
1.4 Expenditurn recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all Costs ralated to the category. Expenditure is recognized where there is a legal or
constructive obligation to make payments lo third parties, it is probable that the settlement will be required,
and the amount of the obligation Can be measured reliably. It is categorized under the following headings:
Costs of raising funds, which are the costs of generating incoming resources from all sources other
Ihan from charitable activities.
Charitable activities, which are all the costs applied by the charity in undertaking its work to meet its
charitable objectives.
Grants payable to third parties are within the charity's objectives. Where unconditional grants are offered,
this is ac¢wed as soon as the recipient is notified of the grant, as this gives rise to a reasonable
expectation that the recipient will receive the grants. Where grants are conditional relating to performance
then the grant is only accrued when any unfulfilled are outside of the control of the charity.
1.5 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to
write off the cost less estimated residual value of each asset over its expected useful life. as follows:
Leasehold property
Fixtures, fittings & equipment
Motor vehicles
Straight line over the period of the lease
330/0 per annum of Cost
33 % per annum of cost
1.6 Impaimient of fixed assets
At each reporting period end date. the charitsble company reviews the carrying amounts of tangible assets
to determine whether Ihere is any indication that Ihose assets have suffered an impaiment loss. If any such
indication exists. the recoverable amount of the assel is estimated in order to detennine the extent of the
impairnient loss (if any). Where it is not possible lo estimale the recoverable amount of an individual asset.
the company estimates the recoverable amount of the cash generating unit to which the asset belongs.
19

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
1.7 Fixed as$•t Investments
Investments are stated at fair value at the balance sheet date. The SOFA indudes the net gains and
losses arising on revaluations and disposals throughout the year.
1.8 stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cosl
comprises direct materials and. where appliable, direct labour costs and those overheads that have been
InCu￿ed in bringing the stocks to their presenl location and condition.
Stocks held for distribution at no or nominal consideration are measured al the lower of cost and
replacement cost, adjusted where applicable for any loss of service polential.
1.9 Cash and cash èquivalents
Cash and cash equrvalents include I￿sh in hand. deposits held at call with banks. other short-temi liquid
investments wilh original maturities of three months or less. and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilities.
1.10 D•btors and Credltors recelvablelpayable within one year
Debtors and creditors with no ststed interest rate and receivable or payable within one year are recorded
at transaction price. Any losses arising from impainnent are recognis8d in 8xpenditure.
1.11 Pensions
The Charity partakes in a multi*mployer pension scheme for the benefft of its employeès which is
independently administered by The Pensions Trust. The assets and liabilities of tha fund are detailed at
mte 14.
In addition. the Group also operates a defined contribution pension scheme for the benefrt of its employees
which is independently administered. The expenses of the scheme are charged to the SOFA as and when
they fall due.
1.12 Taxation
The charty is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and considered
to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore meets the definition of
a charitable company for UK corporation tax purpose.
1.13 Funds
Unrestricted funds are arfailable for use at the discretion of the TrLJStees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific reslrictions imposed by the
donors or which have been raised by the Charity for specific purposes. The costs of administering such
funds are charged against the specific fund. The aim and use of each reslricled fund is set out in the notes
to the financial statements.
Endowment funds are retained for the benefft of the charity as a capital fund. The fund consists of
investments that are used for the purpose of the charity.
20

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS {CONTINUED)
YEAR ENDED 31 MARCH 2024
Designated funds are funds which are set aside from the unrestricted funds by the trustees for specifically
designated purposes. The aim and use of each designated fund is set out in the notes to the accounts.
1.14 Employee Beneflts
When employees have rendered service to the charity, short-term employee beneffts to which the
employees are entitled are recognised at the discounted amount expected to be paid in exchange for that
seNice.
1.15 Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profrt or
loss on a straight-line basis over the term of the relevant lease except where another more systematic
basis is more representative of th8 time pattem in which economic benefits from the leases asset are
consumed.
1.16 Government grants
Government grants are recognized at the fair value of the asset received or r8c8ivable when there is
reasonable assurance that tha grant conditions will be met and the grants will be received.
A grant that specifies perfonnance conditions is recognized in income when the performance conditions
are met. Where a grant does not specify performance conditions il is recognized in income when the
proceeds are received or receivable. A grant received before the r8cognition crrteria are satisfied Is
recognized as a liability.
1.17 Critical accountlng estlmatss and Judgements
In th8 application of the group's accounting policies, the trustees are required to make judgements,
estimatés and assumptions aboutthe Carrying amount of assets and liabilities that are not readily apparent
from other sourc85. The estimates and associated assumptions are based on historical experience and
other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the year in which the estimate is revised where the revision affects onty Ihat
year, or in the year of the revision and future years where the revision affacts both current and future
periods.
Useful econom1¢ lives of tanglble assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful
economic lives and residual values of the assets. The useful economi¢ lives and residual values are
reassessed annually. They are amended when necessary to reflect current estimates. based on
technological advancement. future investments, economic utilisalion and physical condition of the assets.
See accounting policy note (above) for the useful economic lives for each class of assets
Support cost allo¢ations:
Support costs are apportioned as they relate to more than one cost category (see note 5).
21

LEICESTER CHARITY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
2 Voluntsry Incoma
Unrestrl¢ted
funds
Restrlcted
funds
2024
2023
Core grants
Donations, subscriptions and discounts
received
Income from fundraising
Legacies
1.210.424
500
1,210,424
58,458
1.504,363
64,813
57.958
213.325
213.325
223.099
40.457
£271,288
£1.210,924
£1,482 212
£1.832,732
3 Investment income
Unrestrf¢ted
funds
Restrlcled
funds
2024
2023
Rental income
Income from listed investrnents
Interest receivable
14,800
1,132
23.851
14,800
4,536
24.054
14,800
3.772
3.907
3.404
203
£39.783
£3,607
£43,390
£22.479
4 Incoming resources from charltable actlvities
2024
2023
Grants recelvable for charltable activities
UnrgStrl¢ted funds:
Leicester City Council
Lei￿Stershire County Councll
Wami Homes Initiative
79,500
14,069
51,848
89,362
14,711
41,611
145.417
145,684
Restricted funds:
Leicester City Council
Leicestershire County Council
LeicesterlLeicestershire Integratsd Care Board
13.883
5.931
4,021
12,380
11,289
4,021
23.835
27.690
£169,252
£173,374
The Charity receives income from local govemment to assist individuals in identfying support funding to which
they are entitled.
22

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
Total resources expended
The trust allocates its support costs as shown in the table below. Support Costs are allocated on a basis of staff
time.
Staff Depr•ciation
Costs
(note 7)
Other
Costs
(note 8)
Total
2024
Total
2023
(nole g)
Costs of generatlng funds:
Fundraising and publicty
79,405
12,567
91.972
84,672
Charltablo Adfvlty- Relief of Poverty:
Donations in kind
Inter-group transactions
Grants payable (note 6)
Employment costs
Administration costs
415,373
(575,862)
1,286.694
415.373
(575,862)
1,286,694
492.655
127.959
314,631
(441,118)
1,358,207
430.036
144.452
492,655
15.256
112.703
492,655
15,256
1.238.908
1,746,819
1.806,208
£572.060
£15,256
£1.251.475
£1.838.791
£1.890,880
6 Grants payable
Grants to institutions - 10 {2023- 2 grants)
Grants to individuals - 7,756 (2023- 7.792 grants)
2024
3.683
1,283.011
2023
304
1,378,557
£1,286,694
£1,378,861
Grants to Institutions
2024
2023
Parkinsons Disease Society
Kemp Hospi¢e
Cancer Research
Yorkshire Cancer Research
Loros Hospic8
Barnsley Hospi
Kartherine House Hospice
CILink - Justgiving For Charlie
CILink- Asbestos Support
Pink Ribbon Donation
Dementia Uk
Grants refunded
654
150
170
65
115
245
110
1.300
500
500
178
500
(500)
£3,683
£304
In addition to the above granls administered through the Society. a further 197 awards totalling £329.628 were
secured on behalf of individuals and institutions. These grants were remitted directly by the donors to the
beneficiaries.
23

LEICESTER CHARITY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
2024
2023
7 Employoes
Number
Number
Nurn￿r of employoos
The average monthly number of employees during the year was:
The number of part tlme employees was
22
18
18
Employment costs
Wages and salaries
Soclal security costs
Other pension Costs
493,746
35,158
43.156
430,735
29,449
40.282
£572,060
£500,466
The numb8r of employees whos8 annual r8muneration was more than £60,000 per annum or was:
2024
Number
2023
Number
£60,000 to £70,000
The Charity considers its key management personnel to consist of the CEO, Deputy CEO. Operations Manager
and Finance Manager. The remuneration and benefrts paid to Ihese personnel totalled £170.433 {2023 - £153.839).
None of the Trustees (or any person connected with them) received any remuneralion during this year.
A trustee was reimbursed for travel exp8nses during the year to th8 arnount of £nil {2023- £35).
24

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
8 Other costs
Fundralslng and publlclty
2024
2023
Promotion expenses
Investment management fees
12.106
461
13,807
435
£12,567
£14,242
Administratlon costs
Rent and rates
Insuran
Llght and heat
Repalrs and maintenance
Printing & stallonery
T818phone and fax
Trav811ing expenses
Legal and professional
Sundry expenses
Recruitment expenses
Subscriptions
Bank charges
Cleaning
Computer expenses
Health and safety
Staff traSnlng
Postage
Audltorfs remuneration
16,704
5,879
5,773
3.497
5.732
6,314
11,014
5,523
2.341
2.047
2,719
1,490
5,804
18,547
1,705
1,981
4,392
11,241
16,045
4,655
6,122
5,219
6,904
5,259
13,335
22,592
2,070
2,576
1,442
1,595
6,455
17.067
592
1.153
4.205
11,910
£112.703
£129,196
25

LEICESTER CHARITY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
Group
Tanglble fixed assets
Leasehold
property
Flxtures
Fittings &
equipment
Motor
Vehicle
Total
Costsvaluation
At 31 March 2023
Additions
Disposal
237.500
46.984
16,640
301,124
At 31 March 2024
£237,500
£46,984
£16,640
£301,124
Depreciation
At 31 March 2023
Charge for the year
Eliminated on disposal
100.000
12,500
41,389
2,756
16.640
158.029
15,256
At 31 March 2024
£112.500
£44 145
£173,285
Net book value
At 31 March 2024
£125,000
£2.839
£Nil
£127.839
At 31 March 2023
£137.500
£5.595
£Nil
£143,095
Company
Tanglble flxed assets
Leasehold
property
Fixtures
Flttlngs &
equlpment
Total
Costlvaluation
At 31 March 2023
Additions
Disposal
237,500
46.984
284.484
At 31 March 2024
£237.500
£46.984
£284.484
Depreclatlon
At 31 March 2023
Charge for the y8ar
Eliminated on disposal
100,000
12,500
41,389
2,756
141,389
15,256
At 31 March 2024
£112,500
£44,145
£156.645
Net book value
At 31 March 2024
£125,000
£2.839
£127.839
At 31 March 2023
£137.500
£5.595
£143.095
26

LEICESTER CHARITY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
Charity
Llsted Investments
Market value at 31 March 2023
Acquisitions at cost
Disposals at opening book value
Net unrealised gain on revaluation
70,851
30,513
(31,686)
4,046
Mark•t value at 31 March 2024
£73 724
Historical cost:
At 31 March 2024
£69.167
Historical Cost:
At 31 March 2023
£69.967
All investments were held in the United Kingdom. The Trustees consider that there were no individual materlal
Investments held at the end of the year. Listed investments are valued at market value at the year end.
Subsidiaries
Details of th8 company's subsidiary at 31 March 2024 are as follows:
Name of undertaking
Registered office
Company No
Class of
shares held
'h Held
The Goods Depot Limited
UK
11581108
Ordinary
100
Results for tho year
Income
Expenditure
605.607
{553,798}
Profit before taxation
£51.809
Total Assets
£81,915
Total Liabillties
£81.815
27

LEICESTER CHARrrY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
11
Stocks
Group
2024
Charlty
2024
2023
2023
Goods ft)r resale
£21.003
£18,034
12 Debtors
Group
2024
Charity
2024
2023
2023
Trade debtors
Income tax recoverable
Amount OW8d by subsidiary undertaking
Prepayments
91.198
343
186.948
3.581
87,373
343
31,870
540
186,777
3,581
53.257
789
10,820
11,785
£102.361
£202,314
£120,126
£244,404
13 Creditors: amounts falling due wlthln one year
Group
2024
Charity
2024
2023
2023
Trade creditors
Taxes and social security costs
Other creditors
Amount owed to subsidiary company
Accruals and deferred incom8
Pension deficit
104.953
16,113
8,622
125,908
19.169
5.922
64,125
15,619
111,903
7.000
160
2.223
43.844
11.000
43.844
11,000
20,938
14,000
20,938
14,000
£184,532
£185,937
£136.811
£154,001
28

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
14
Ponsion costs
Th• Charity
The Charity operates a defined contribLrtion pension scheme for all qualifying employees. The assets of the
schemes are held separately from those of the charity in Independently administered funds.
The chaiity participates in a multi - employer scheme which provides benefits to some 638 non-associated
participating employers. The scheme is a defined benefit scheme in the UK. It is nol possible for the charity
to obtain sufficient infomiation to enable it to account for the scheme as a defined benefft scheme. Therefore.
it accounts for the scheme as a defined contribution scheme. Participating employers ar818gally required to
meet their shar8 of th8 scham8 deficit on an annuity purchase basis on withdrawal from the scheme.
The scheme is classified as a 'last man stsnding arrangernent,. Therefore. the charity is potentially liable for
other participating employer's obligalions if those employers are unable to meet their share of the scheme
deficit following withdrawal from the scheme.
The last full actuarial valuation for the scheme was carrled out 30 September 2020 showing a deficit and the
trustees asked the participating employers lo pay additional contributions.
Section 28.11 A of FRS 102 requires deficit recovery payments to be recognised as a liability. The
movement in the provision is set out below.
2024
25,000
1,000
(14,000)
(1,000)
Liability at 1 April 2023
Unwinding of the discount factor (interest expense)
Deficit contributions paid
Re-measurements - impact of any change in assumptions
Re-measurements - amendment to the contributions schedule
39,000
1,000
{14,000)
(1,000)
Balance sheet liability at 31 March 2024
Du8 within 1 year
Due after 1 year
£11,000
£25,000
£11,000
£14.000
£11.000
Amounls payable by instalments after 5 years
This liability represents the net present value of the deficit contributions agreed as at the accounting date and
has been valued using the following assumptions. set by reference to the duration of the deficit recovery
payments..
Ma￿h
2024
March
2023
March
2022
March
2021
Discount rate applied to future recovery plan
contributions due
5.31 /0
5.520/
2.350/
0.660/0
On the basis that it would not be practical to split the cosl of the deficit reduction payments be￿een current and
historical restricted and unrestricted funds, all of the costs have been charged to unrestricted funds for this year
and for previous years.
The subsldlary
Th8 Goods Depot Limited operates a defined contribution pension scheme for all qualifying 8mploy8es. The
assets of the scheme are held separately from those of Ihe company in an independently administered fund.
29

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
15 Restrlctsd funds
2024
Movement In funds
Balance
1 Aprll
2023
Incomlng
Resource
R•sources
Balance
Expended 31 March 2024
Carfton Hayes Mental
Health Charity
5.088
36,000
38,183
2,905
Funds held for other charitable
institutions
2.424
2,000
3,683
741
Leicester Children's Aid
Association
3,004
4,108
4,452
2,660
other funds held for distribution
to the needy
276.146
1.172.423
1.240.837
207,732
Local authorltles and CCG
23,835
23,835
£286.662
£1.238.366
£1,310,990
£214,038
2023
Movement in funds
Balance
Incoming
Resource
Resources
Expended
Balance
30 March
2023
2022
Cadton Hayes Mental
Health Charity
3,763
36,000
34.675
5,088
Funds held for other charitable
instilutions
1,420
1,308
304
2,424
Leicester Children's Aid
Association
3,837
3.351
4,184
3,004
Other fijnds held for distribution
to the needy
128.570
1.467.055
1.319.480
276.146
Local Authorities and CCGS
27,690
27.690
£137.590
£1.535.404
£1.386,332
£286,662
30

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
15 Restrlcted funds (continued)
The Carlton Hayes Mental Health Charity makes grants for people in need living in Leicestershire and Rutland
who are experiencing mental health problems
The funds held for other charitable institutions are block grant arrangements with companies and individual
donors which help institutions engaged in charitable activities
Lei￿ster Children's Aid Associats'on assists children and young people resident in the city of Lei￿ster under
the age of 18 with grants to promote their education and vRlfare.
Leicester City Council and Leicestershire County Council support the activities of the charity in order to
reduce poverty and distress in Ihe city of Lei￿ster and county of Leicestershire respectively. The three
Clinical Commissioning Groups operats'ng in Leicestershire and Rutland support the activities of the charity
in seeking out funding for equipment, aids and adaptions that help disabled people to retain their
Independence.
16 Analysis of net assets betwèen funds
Group
Unrestrictad
fund
Restricted
Fund
Deslgnated
Funds
Endowment
Funds
Total
Funds
2024
Totsl
Funds
2023
Fund balances at 31 March
2024 ar• r•presented by:
Tangible fixed
127.839
assets
Investments
Current assets
Cr8ditors'.
amounts falling
due withln one
year
Creditors:
amounts falling
due after on8 year
127.839
143,095
73,724
2,263
73,724
864,324
(184,532)
70,851
864,616
{185,937)
359,620
(121.129)
277,441
{63,403)
225.000
(11,000)
£366.330
£214,038
£225,000
£75.987
£881,355
£881,625
Company
Fund balance5 at 31 March
2024 are representsd by:
Tangible fixed
127.839
assets
Investments
Current assets
Creditors:
amounts falling
due within one
year
Creditors:
amounts falling
due after one year
127.839
143,095
100
311,797
{73.406)
73.724
2,263
73,824
816.501
(136,809)
70,951
852,131
(154.001)
277,441
(63.403)
225.000
(11.000)
£366,330
£214,038
£225.000
£75,987
£881,355
£901.176
31

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
Endowment
Funds
2024
Total
Funds
2024
Total
Funds
2023
Unrealised gainsl(losses) Included abovo:
On investments (see below)
4,558
4,558
Roconciliation of movements In unreallsed
Galnsl(losses) on Inveslment assets
Unrealised gains at
1 April 2023
883
883
9,915
Deduct in r8spe¢t of
disposals in year
(371)
(371)
(9,915)
512
4,046
512
4.046
Net increase arising in
year
883
Unrealised gain
31 March 2023
£4,558
£4,558
£883
17 Endowment funds
The Endowment Funds relate to Leicester Children's Aid Association which was transferred Into the Charity on
29 October 2007 together with the net fijnds of Connection. another locally based Charity which merged with
Leicester Children's Aid Association in 2008.
18 Designated funds
The designated property fvnd is to be used for the purpose of purchasing freehold office accommodation for the
Charitywhèn the lease on its current premises comes to an end in 2034. During the year£25,000 was transferred
to the fund.
19 Related Party Transactlons
During the year, administration fees and grants W8r8 received from the following charities in which some or all of
the Trustees of L8i¢ester Charity Organisation Society are also Trustees: _
2024
2023
Leicester Indiggnt Old Age Society
The Mansion Trust {UK)
The Nicholson Memorial Fund (Ros8hill Trust)
R Daphne Plunket Charitable Trust
Edward Wood Poor Widows
Alderman Newton's Educational Foundation
7.112
3.606
11.680
73.786
1.793
17,798
7,065
3.088
15.914
104,283
4,636
24.875
32

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2024
At the year end the charity was owed £2,095 by the Mansion Trust (UK). £1 by R Daphne Plunket Charitable
Trust (2023 - £2,436) and £nil by The Nicholson Memorial Fund (2023 - £1,469)
There was no trustee's remuneration paid.
20 Transfer between funds
During the year. Leicester Charity Organisation Soclety transferred £25,000 from the unrestricted fund to the
designated property fund to be used for the purpose of purchasing freehold office accommodation for the Charity
when the lease on Its current premises comes to an end in 2034.
21 Lease commllments
The Group
At the reporting end date the group had outstanding commltments for futur8 minimum lease payments under
non-cancellable operating leases, as follows:
2024
2023
£49,896
£34,996
The Charity
At the reporting end date, th8 company had outstanding commitments for future minimum18ase payments
under non-¢an¢ellable operating18ases, as foll0v￿-.
2024
2023
£25,945
£11,045
22 Flnancial Guarante88
The Charitable company has guaranteed the lease payments of The Goods Depot Llmited on the leasehold
premises from which that company operates. At 31 March 2024 the lease commitment amounted to £8,451.
23 Reconclllatlon of net Income to net cash flow from operations
2024
2023
Net movement in funds
Depreciation of tangible fixed assets
Loss on investments
Investment income
{In¢rease)ID8crease in stock
Deceasel{Increase) in debtors
(Decrease) in creditors
(270)
15,256
(3.029)
(43,390)
(2,969)
99,953
{12.405
232.355
15,256
3,034
(22,479)
{4.171)
209,593
44,716
Net cash inflowl{oufflow) from op8rations
£53.146
£388,872
24 Anatysis of changes in net funds
The charity had no debt during the year.
33