Charity Reglstration 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 2025
SOMERBYS LIMITED
CHARTERED ACCOUNTANTS
30 NELSON STREET
LEICESTER
LE17BA

LEICESTER CHARITY ORGANISATION SOCIETY
CONTENTS
Page
Legal and administrative details
Trustees, report
3-10
Auditorfs report
Consolidated Statement of Financial Activities
15-16
Consolidated Balance Sheet
17
Company Balance Sh881
18
Consolidated Statement of Cashfiows
19
Notes to the accounts
20-38

LEICESTER CHARITY ORGANISATION SOCIErY
LEGAL AND ADMINSTRATIVE DEfAILS
Trustees
A H JaNis (Treasurer)
G Oliver (Chainnan)
C A Pharoah
C E Smith
Prof S M Shama
CTSaul
C E Shevas
H Sahota
B Sturgess (appointed 10 September 2024)
Chief Exècutive Officer (CEO)
Mrs S McEniff
Secretary
Mrs S McEniff
Charlty number
1078271
Company number
03761954
Registered office and principal address
20a Millstone Lane
L8iC8St8r
LE15JN
Auditor
Som8rbys Limited
Chartared Accountants
ststutory Auditor
30 Nelson Street
Leicester
LE17BA
Bankers
Lloyds Bank PLC
7 High Street
Leicester
LE19FS
Investm•nt Advlsors
Rowley-Turton (IFA) Limited
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
LE19 1WP
Subsidlary Und•rtaking
The Goods Depot Limited
Sandown Court
Slation Road
Glenfield
Leicester
LE3 8BT

LEICESTER CHARITY ORGANISATION SOCIETY
LEGAL AND ADMINSTRATIVE DETAILS
Linked Charity . The Edward Wood Fund
208 Mlllstone Lane
Leicester
LE15JN

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report and financial slatements of the charty for the year ended 31 March
2025. The trustees have adopted the provisions of the Ststement of Recommended Practice (SORP)
'Accounling and Reporting by Charities, (FRS 102) in preparing the annual report and financial
ststements of the charity.
The financial ststements have been prepared in accordance with the accounting policies set out in the
r￿teS to the accounts and comply with the charlty's goveming documents, the Charities Act 2011 and
Accounting and Reporting by Charities. Statements of Recommended Practice applicable to charitres
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland published in October 2019.
Administrallon Detsils
Leicester Charty Organisation Society, known as Charity Link. is a ragistered Chaiity and a Company
limbted by guarantee. The liability of members is limited to £1 per m8mber in the event of winding up. Its
registered office is as shown on Page 1 .
The Directors, who act as Trustees, are shovm on Page 1 together with the names of thè princtpal
external advisors.
Structure. Govemance and Management
Th8 goveming document of the Charity is the Memorandum and Articles of AssoGiation incorporated on
28 April 1999 and amended by a special resolution on 30 October 2006.
Organlsation
A board of Trustees, who meet quarterly, administer the Charity- A Chief Executive Officer (CEO) is
appointed by the Trustees to manage the day-to4ay operations of th8 Charity.
Gov•rnance
The Board of Trustees is committed to good governance and has adopted the Charity Governance Code.
The Trustees believe that strong govemance is ess8ntial for the effective operation of the Charity and
the trust of donors and beneficiaries. As part of this commitment, the Trustees have taken steps to comply
with the principles and recommendations outlined in the Code and will continually assess and improve
govemance practices in line with the Code. Progress continues to be made to comply with the Code, and
this progress is assessed by the Strategy & Govemance Working Group and presented to the Board of
Trustees on an annual basis.
Linked Charlty
The Edward Wood Fund was established by Sir Edvmrd Wood's will. proved on 23rd January 1918 and
the goveming scheme on the 8 July 1966. as amended by section 74c resolution dated 26th January
2010. The Edward Wood Fund indudes two funds: Ihe Edward Wood Poor Widows House Renl
Assistan￿ Fund (209464-1), which supports poor w5dows living in the City of Leicester whose youngest
child has not reached the age of 16 years, by way of annual pensions, and the Leicester Charity
Organisation Society Fund, to apply the income forthe general purpose of Leicester Charity Organisation
Society (1078271). In 2009, the tnjsteeship transferred to Leicester Charity Organisation Society
(209464>, and on 20th December 2024, the Edward Wood Fund was fomially linked with Leicester Ch8rÉty
Organisation Society {1078271) as approved by the Charity Commission.
The yearond 31st March 2025 results of the Edward Wocmj Fund have been consolidated within the group
accounts of Leicester Charity Organisalion Society (1078271). The Trustees have ensured that the
activities. achievements, and performance of the Edward Wood Fund are appropriately reflected in the

LEICESTER CHARrrY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
consolKlated accounts and narrative reporting. The Fund continues to operate in accordance with its
original objectives.
Policies andpmc•dures for Induction and training of Truste
The Chair would like to express deep appreciation for the dedication and expertlse of all ttustees.
especially those who have serrfed for over nine years. Their long-term commbtment has been instrumental
in guiding the charity through various challenges and opportunities. and their contributions are greatly
value¢J. The breadth of their experience has provided invaluable continuity and insight into the charity's
strategic direclion.
In recognition of the need for fresh perspectives and additional expertise. the Board of Trustees is actively
recruiting new trustees lo complement the existing skill set and strerothen governance futher. This
ongoing process ensures that the Board remains well-equipped to meet the charivs future needs while
maintaining a high stsndard of govemance and accounlabilty. The Trustees have agreed lo a
transparent and open recruitment process to encourage equality, diversty. and inclusTon within the Board
of Trustees. Additionalty, the Board acknowledges the importance of succession planning to ensure a
smooth transition and continuty in leadership.
The charty has established a process for the recruitment. inducllon. and training of newly appointed
trustees. This process ensures that all trustees are fulty informed of their legal obligations under charity
law and company law, as well as the govemance and operational responsibilities associated with their
role. Each new truslee has access to induction materials, which include the charitvs goveming
documents, recent financial stat8ments, key policies. and procedures, as woll as information on the
charty's strategic obiectives and current activities. Furthemiore, new trustees attend a series of briefings
wtth senior staff to familiarÉse themselves with the charity's structure, operations, and key risks.
Employ•es
The trustees are hugely grateful for the hard work, dedication, and commitment of all m8mbers of slaff
throughout the year in achiaving the charitsbk objects and mission. As the charty navigates a peritsj of
succession. transformation, and modemisation to better senie our beneficiaries. the staff m8mb8rs have
embraced this era of change and innovation. The trustees remain committed to supporting and
empowering staff, fostering a positive and productive working environment where they can thrive and
contribute to the charity's mission. Together, we will continue to work towards achieving the charitys
long-temi goals, respond to challenges and opportunities, and deliver meaningful impact in the
comrnunities we serve.
Relatedparties
The Charity has common key personnel with R Daphne Plunket Charitable Trust, Leicester Indigent Old
Age Society and the Mansion Trust (UK). Charity Link administers these charities. All other related parties
and transactions can be found in nole 19 of the Financial Ststements.
Risk factors
The trustees are committed to ensuring that effective risk management systems are in ptace to identify.
assess. and manage the key risks facing the charity. The major risks to which the charity is exposed. as
idenlified by the trustees. have been reviewed, and systems or procedures have been established lo
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 lo mitigate the identified risks. By maintaining robust int8mal contrds and reviewing the
effectiveness of risk management stralegies, the trustees aim to protect the charity's assets, reputation,
and the delivery of its charitable objectives.

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Remuneration
The trustees have established a remuneration policy that ensures salaries and benefits for the chaiity's
staff are fair. competitive. and aligned with the charity's values and objectives. The Finance and
Remuneration SU￿CoMmittee review remuneration annualty. tsking into account markel benchmarks.
the chaiity's financial perfOrnan￿. anij the need to retain and attract skilled staff. Recommendations are
made to the Board of Trustees and the Board of Trustees is responsible for adopting those
recommendations. As the cost of living continues to rise, Ihe Trustees have reviewed salary levels to
include an infiationary uplift in salaries which would ensure that all staff members are above the Real
Living Wage. The Trustees believe Ihis demonstrates their commitment to the stsff team, but also helps
maintsin a motivated and stable workforce, ultimately contributing to the continued success of our
charitabl8 6ndeavours.
Objectives and Adivltlos
The Charitys objécts are to relieve povety and the distress arising therefrom, including but not
exclusively by:
the provision of charitable and other grants.
the provision of welfare beneffts 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 charities in conducting their affairs.
to facilitate c(Foperalion between charities and other welfare agencies.
to influence social policy makers and service providers.
Charitys aims Our wsion..
Everyone, irrespective of circumstances. has th8 Opportunity to fvifil theirpotentlal in lrfe.
OUrpu￿0$e.'
To provide timely. targ8ted and appropriate as&'stance in times of crisis or hardship.
Our beliefs..
Everyone has a right to 8 Standard of living where they are dry, wam7, Clean, safe and can feed
themselves
Financial or practlC81 support at a time of crisis or hardship can make a difference to people's well-
being, health and th6ir future
We'll be most effective and efftient by w0￿1ng in collaboration w.th other organisations
Strategies to achieve main objectives for the year
The strategies employed to assist the Charty to meet these objectives included the following:
providing charitable grants to individuals in need
providing charitable grants to projects working with disadvantaged people
working in partnership wilh other agencies to maxirnise financial help available to beneficiaries
modernising and streamlining systems and processes
outreach and Gommunty development

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Griteria by which Charity measures its succe&s.
The Charity measures its Success in the reporting period by reference to the achievement of grant
income. expanditure control, the number of referrals and the social Impact which ts work has on
beneficiaries and delivery of KPIS relating to partnership projects.
Grant making policy.
The Charity receives referrals from health. social care and educational agencles, charities. and
individuals. It raises grants to meet the needs of the most needy and vulnerable people in the community
by raising funding from an in-house portfolio of funds, and accessing grants from national charities.
benevolent and Ixcupational funds.
Significance of volunteer staff
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. During this period, the charity was pleased to
support three work-placement volunteers who contributed to the vital work and gained valuable insighl
into the sector, The Trustees would also like to Ihank Iwo regular volunteers who made significant
contributions to the work of the charity. Additionalty, the charity would like to extend its gratitude to all the
volunteers who support events, particularly the L8icestershire Three Peaks challenge, making this event
such a success.
Public benefft
The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have
due regard to the Charity Commission's general guidance on public benefit. 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 thé aims and objectives they have set. The Trustees
ensure that these activities ara carried out for the public ban8fit by delivering services that are valued by
the people we support and enable those with responsibility In the sector to develop and adopt besl
practice, thereby promoting a transparent and efficiently managed charity that engenders public
confidence and trust.
Achievements and Performanc•
The Trustees, primary focus is to ensure the delivery of the Charity's objectives and mission during a
period of change and uncertainty. To achieve this, th8 Charity musl remain financially stable while being
able to respond to the needs within the community and wider external factors. In previous years, the
Charity has been supported and distributing the Household Support grants scheme on behalf of Leicester
Cty Council. However, due to uncertainty regarding the continuation of the scheme. il was managed
solely by Leicester City Council during the period. This had a direct impact on the overall grants awarded,
which amounted to £1,094,908 at the year end of 2025, compared to £1,612.639 in th8 previous year.
The number of direct charitable awards to individuals decreased to 6,559 during the period, compared to
7,953 in the previous year. It should also be noted that the grant programme funded ft)r a fth year by
Octopus Energy as part of the Warm Homes Initiative saw funding increase to respond to the ongoing
cost of living crisis and needs within the community.
Ourthanks go to all those charities, local authorities, companies, and individuals which helped us support
the most vulnerable members of our community Ihrough another challenging period.

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Charity has achieved significant milestones in the past year. We closely monitored performance
against targets for funding received under grant agreements with local authorities and the Integrated
Care Board. Our proactive approach in driving for*vard a digital roadmap and modemising systems and
processes has improved effiGiencies and increased the overall impact of our work.
Despite external challenges such as the continued insecuiity over funding from local authorities. the NHS
Leicester, Leicestershire and Rutland Integrated Care Board, and a difficu￿ fundraising landscape. the
Charity has made notable progress. The charity actively advanced a Casework strategy to increase
awareness and reach targeted beneficiaries. Additionally, we initiated two collaborative projects during
the period to influence trauma-informed welfare provision and facilitate a pilot lo improve the exchange
of information and support the beneficiary journey.
Ttr￿ trading arm, Th8 Goods Depot Limited. which, opened in 2019 to supply Iow-COSt domestic
appliances to the Charity's b8neficiaries. remained operational throughout the year. The objectlves of
The Goods Depot Limited are to assisl a greater number of Servi￿ users, expand businoss to business
extemal sales and improv8 the Charty's environmental impact. Profits from the subsidiary company are
gifted to the Charity to contribut8 to long-term suslainability.
The Twst Administration S8rvice activety implemented a successful business plan to enhance
awareness and client base, enabling not-for-profit clients to benefft from its expert services in charty
management, govemance, derkship, and grant management support. This initiative was aimed at
Istering the sustainability of th8 charity. As a result, administration fees for the period amounted to
£132,198, compared to £111,283 in 2024.
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 targét of £250,000 for the general administration of the
Charity was set for the year. This was achieved during the financial year due to the dedicated efftjrts of
our fundraising team and the generous support of our donors and community partner5.
Investment policy
The Trustees have the power to invest in such assets as they deem appropriate. As pemitted by the
Charivs Memorandum and Articles of Association, the Trustees have given the investment managers
discretion lo manage the portfolio within an agreed risk profile. The Finance & Remunerations Sub-
Committee meet every 6-months to monitor the investment portfolio perfonnance.
Investment income
The income from the Leicester Children's Aid Association investments is distributed by the Charity to
assist childTrn in need in the area of benefit of the Association. thus meeting its charitsble objects. Those
funds conlribute 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.

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Financial Révi•w
Accounting Year
The Charity has prepared accounts to 31 March 2025.
Review of activities
During the year the Charity had total incoming resources of £1,682,692 {2024.' £1,835,882) and there
was a net increase in funds of £323,020 (2024: decrease £270) largely due to the introductlon of Ihe
Edward Wood Fund into the Charity. Th& total restricted funds at the end of the period amounted to
£465.108 (2024: £214,038), endowment funds amounted lo £76,930 {2024: <£75,987) and unrestricted
funds (not designated for specrfic purposes) amounted to £412,337 (2024: £366,330). Note 16 to the
accounts shows unrestricted fixed assets of £112,583 (2024: £127.839),' free reserves, as defined by
SORP 2015, were, therefore, in surplus by £299,754 after taking account of the pension deficit liabilty of
£21,500 (2024: £238,491 - deficit after pension d8ficÈt liability of £11.000).
ReseNes policy
It is the policy of the Charity that free reserves should be maintained at a level equivalent to slx months,
unrestricted expenditure. The Truslees consider that reserves at this level will ensure that, in the event
of a significant drop in funding, they will be able lo continue the Charity's current activities while
consideration is given to ways in which additional funds may be raisad.
It is the aim of the Charty that a sum be added lo a designatsd propety ￿nd in each year provided thal
a Suff￿lent operating surplus or free resetves warrant this. This fund is to be used for the purpose of
purchasing freehold office accommodation for the Charty when the18ase 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 funding sources
Aside from funds secured on behalf of service users, the principal sources in the year were income from
fundraising and grant alded arrangements wth Leicester City Council, L8icestershire County Council and
the NHS Leicester, Leicestershire and Rutland Integrated Care Board. Grants were also received from a
number of local and national charities to assist with the running costs of the Charity. In meeting the key
objectives of the Charity some £755,133 was paid by way of grants to service users and a further 205
grants totslling £339,775 were remitted directly by the donor charity to individual service users following
referral by ourselves.
Linked Cha17ty- The Edward Wood Fund
The income of the Charity for the year was £7,738 compared with £8,734 in the prior year. There was a
net increase in restricted funds amounting to £2,360 with the result that total funds available for
distribution at 3181 MarGh 2025 amounted to £14.892. There was a net gain on the capital value of the
investment portft)lio of £2,283 during the year. Total funds at the year-8nd stood at £197,557.

LEICESTER CHARITY ORGANISATION SOCIETY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Plans for Future Years
The Trustees have carefully considered the charitrfs strategic direction while addressing new and
emerging opportunities and challenges in these uncertain times. During the year, the charity successfulty
implemented a succession plan, strengthening the senior leadership team to meel strategic objectives
and priorities. The Board of Trustees recognises Ihe commitment and dedication of long-standing
Trustees. the importance of succession planning. and the need to balance this with new expertise and
skills to enhance govemance structures. The Board of Trustees will offer an open and transparent
recruitment path to associate members to attract candidates from a broader range of backgrounds.
fostering personal development, further enhancing fresh perspectives and diversity of thinking.
In the coming years, the charity plans to extend its Servi￿ in the East Midlands, commencing with a
small pilot project in Nottingham Cty to reach out to more beneficiaries who can access vital seNices.
The charity is operatlng in challenging times, with The Goods Depot and Trust Administration Servlce
being key to fiJture financial sustainability. While the fundraising climat8 and risks from the cessation of
local authority funding present challenges, the charty will continue to grow the Trust Administration
Service and S￿le up the trading of The Goods Depot Limited to achieve sustainèd profrtability, ensuring
both services continue to be net contributors to the Charity's operating incoma.
The charity will build on the success of collaborative projects and a proactive Casework strategy to further
develop strategic partnerships with other organisations. This approach aims to increase its reach wsthin
marginalised communities and enhance the overall impact on beneficiaries and the wider communities
we serve.
The charity will continue to prioritise sustainable growth, modemising its operations and lev8raging
téchnokjgy to streamline service provision across all areas to maximise charitable outcomes. As part of
this strategy. the trustees have identtfied key priorities, including income generation, innovative sèrvice
developmént, cyber-security. and embedding equality, diversity, and inclusion to create a fair and
equitab18 working environment. Additionalty. the trustses are dedicated to strengthening the charitws
governance, risk management, and financial stability to support its long-term objectives. The charity will
continue to monitor external factors, such as economic conditions and changes in regulatory
requirements, to adapt its plans as necessary.
ststement of Trustees. Responsibilities
The Trustees (who are also directors of Leic8Ster Charity Organisation Society 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
A￿pted Accounting Practice)
Company law requires the Trustees to prepare financial statements for each financial year. which gNe a
true and fair view of the state of affairs of the charitable o)mpany and the group and of the incoming
resources and application of resources. including Ihe 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 (FRS 102>,.
make Judgements and estimates that are reasonable and prudent:

LEICESTER CHARrrY ORGANISATION SOCIErY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
stste whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial ststements.
prepare the financial ststements on the going COn￿M basFS 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 disclose 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 comply wilh the Companies Act 2006. They are also 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 Trust88s are aware..
there is no relevant audit infomiation of which the group's audilor is unaware. and
the Trustees hav8 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 infomation.
The Trustees are responsible for the maintenance and integrty of the corporate and financial information
included on the group's website. Legislation in the United lfjngdom goveming the preparation and
dissemination of financial ststèments may differ from legislation in otherjurisdictions.
Audltor
A resolution proposing that Somerbys Limitsd b8 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 behaff of the board of Truste8S.
George Oliver (Dec 1, 2025 13'.56.'33 GMT)
G Ollver
25 Novemb•r 2025
10

LEICESTER CHARITY ORGANISATION SOCIETY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LEICESTER CHARITY ORGANISATION SOCIETY
Opinion
We have audited the financial statements of Leicester Charity Organisation Society (the parent
company its subsidiary and linked charity) for the year ended 31 March 2025 which comprise the
Consolidated Statement of Financial Activities, Consolidated and Parent Charttable Company Balance
Sheet, Consolidated Statement of Cash Flows and related notes to the financial statements. including
a summary of signrficant accounting policies. The financial reporting framework that has been applied
in their preparation is applicable law and United Kingdom Accounting Standards. including Finandal
Reporting Stsndard 102 The Finanual Reporting Standard appJiGable in the UK and Republic of I￿land
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a Irue and fair view of the state of the group's and parent charitsble company's affairs as at 31
March 2025, and of its incoming resources and application of r8sources including its income and
expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls lor opinion
We conducted our audit in accordan￿ 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 audil 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 responsibilities in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to golng concern
In auditing the financial statements, we have concluded thal the trustees. use of the going concern
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 Ihe charity's ability
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 to going concern are described
in the relevant sections of this report.
11

LEICESTER CHARITY ORGANISATION SOCIETY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LEICESTER CHARITY ORGANISATION SOCIETY (CONTINUED)
Other inforniation
The trustees are responsible for the other informalion. The other information comprises the information
included in the trustees. annual report. other than the financial statements and our auditorfs report
thereon. Our opinion on the financial statements does not cover the other information and. except to
Ihe extent otherwise explicitly slated in our report, we do not express any fO￿n of assurance conclusion
thereon. In connection with our audil of the financial statements, our responsibility is to read the other
inforniation and. in doing so. consider whether the olher infomiation is materially inconsistenl with the
financial statements or our knowledge obtained in the audit or otherwise appears lo be materially
misstated. If we identify such material inconsistencies or apparent material misststements, we are
required to detennine whether there is a material misstatement in the financial slatements or a malerial
misstatement of the other informalion. If. based on the work we have performed. we conclude that there
is a material misstalement of this other informalion, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companles A¢t 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trusteas, report (incorporating the directors. report) for the financial
year for which Ihe financial stat8m8nts are prepared is consistent with the financial statements;
and
the trustees, report has been prepared in accordance viith applicable18gal réqulrements.
Matters on which we are required to réport by exception
In the light of our knowledge and understanding 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.
We have nothing to report in respecl of the following matters in relation to which the Companies Act
2006 requires us to report to you if. 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 re￿iVed from branches not visited by us- or
the parent charitable company's and group's financial ststements are not in agreement with Ihe
accounling records and returns- or
certain disclosur8s of directors, remuneration specified by law are not made; or
we have nol receFved all the informalion and explanations we require for our audit; or
the trustees vrfere not entitled to prepare the financial statements in accordance with the small
companies. regime and take advantage of the small companies, exemption in preparing the
trustees, report.
12

LEICESTER CHARrrY ORGANISATION SOCIETY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LEICESTER CHARITY ORGANISATION SOCIETY
Responslbllltles of trustees
As explained more fully in the trustees, responsibilities slatement set out on page 9 and 10, the trustees
(who are also directors of the charitable company for the purposes of company law) are responsible for
the preparation of financial ststements and for being satisfied that they give a true and fair view. and
for such internal control as the trustees detemiine is necessary to enable the preparation of financial
statements that are free from material misstatemenl. whether due to fraud or error.
In preparing the financial statements, Ihe trustees are responsible for assessing the charitable
company's ability to continue as a going concem, discbsing, as applicable, matters related to going
concern and uslng the going concem basis of accounllng unless the trustees either intend to liquidate
the charitable Company or to cease operations. or have no realistic alternatNe but to do so.
Auditorfs responslbllltles for the audlt of the financlal statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement. whéther 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 guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misststement when it exists.
Misststements can arise from fraud or error and are considered material if, individualEy or in the
aggregate. Ihey could reasonably be expected to influence the economic decisÈons of users laken on
the basis of these financial statements.
Irregularities, including fraud, are inslances of non•compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatsments in respect
of irregularities. induding fraud. The extent to which our procedures are capable of detecting
irregularities. including fraud, is detailed below.
The risk of not detecting a material misststement resulting from error is considered to be low. The risk
of not détècting a material misstatement resulting from fraud is higher. as fraud may involve collusion.
forgery, intentional omissions. misrepresentstions, or the override of internal controls.
In th& context of Leicester Charity Organisation Society, we have not identrfied any specific laws and
regulations olher than general commercial laws and regulations, such as: Companies Act 2006;
Charities Act 2011: Charity Commission guidance; Health and Safety legislation; GDPR and
èmployment law.
Our understsnding of the legal and regulatory framework applicable to Leicester Charity Organisation
Society and how the charitable company has complied with its obligations has been obtain8d by enquiry
of management and those charged with governance.
As part of our enquiries. we have discussed policies and procedur8s on compliance with laws and
regulations and whether any instsnces of non-compliance have occurred.
Our understsnding of the charitsble companvs policies and procedur8s on fraud risk has been obtained
through enquiry with management as to the control activiti8s, op8Tational systems 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 wtlh lavrfs and regulations. During our audit work there were no significant
instan¢es of non-compliance identified.
In response to the audit risks identified in respect of irregularty and fraud, we have undertaken the
following procedures:
Enquiry of managemènt, and those charged with governance around aclual and potential litigation
and claims.
13

LEICESTER CHARITY ORGANISATION SOCIErY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF LEICESTER CHARITY ORGANISATION SOCIETY (CONTINUED)
Enquiry of management to idenlify any instances of rbon-compliance with 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 lo supporting documentation to assess
compliance with applicable laws and regulations.
Auditing the risk of management override of controls, including through testing joumal entries and
other adjustments for appropriateness. and evaluating the business rationale of significant
transaclions outside the normal course of buslness.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's v￿b$ite at: www.frc.org.uklauditorsresponsibilities. This description fonns
part of our auditorfs report.
Use of our report
This report is made solely to the charitable company's members. as a body, in accordance with Chapter
3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to
the charitabb company's members those matters we are required lo stale to them in an auditorfs report
and for no other purpose. To Ihe fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the charitable company and the charitable company's members as
a body, for our audit work, for this report, or for the opinions we have formed.
Marcus Dockerty FCA FCCA {Senlor Statutory Audltor)
For and on behalf of Somerbys Llmlted
Chartered Accountants
Statutory Auditor
30 Nelson Street
Leicester
LE17BA
14

LEICESTER CHARITY ORGANISATION SOCIETY
GROUP STATEMENT OF FINANCIAL ACTivmES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2025
Current year
Unrestrlctod Funds
Restrlct
Funds
Deslgnated Endowm•nt
Funds
Funds
Total
2025
Notes
Income from:
Volunlary Income
Administralion fees
Investrnent in￿rne
Funds from Linked Charity
Incoming resources from
charilable acllvltles
312.911
130.344
49,711
804.770
1,117,681
130,344
60,734
193,870
11.023
193,870
121.547
23,606
145,153
other tradlng income
34,910
34,910
Totsl Income
649.423
1,033,269
1,682,692
ndlture on:
Raising funds
106,968
499
107.467
Charitablo Activity
Relief of poverty
449,948
783.983
1.233,931
Total expendlture
556.916
784,482
1,341,398
Reallsed gainl(loss) on
Investm8nt assets
Unrealised gainl(loss) on
investment assets
16
2.283
943
3.226
Net Incomel{expendlture)
92.507
251.070
344.520
Transfers between funds
20
25,000
67,507
25,000
25,000
251,070
943
344.520
Other recognlsed galns and losses
Pension deficit adlustment
14
(21,500)
(21.500)
Net movement In funds
46,007
251,070
25,000
943
323,020
Fund balances at 1 April 2024
366,330
214.038
225,000
75,987
881,355
Fund balanus at 31 March 2025
£412.337
£465.108
£250.000
£76,930
£1,204,375
All income and expenditure is derived from contirbuing activities. The statement of financial activities
includes all gains and losses recognised during the year.
See page 16 for corresponding figures for 2024.
15

LEICESTER CHARITY ORGANISATION SOCIETY
GROUP STATEMENT OF FINANCIAL ACTMTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2025
Prior year
Unrnstricted Funds
Restricted
Funds
Doslgnated Endowment
Funds
Funds
Total
2024
Notes
Income from:
Voluntary Income
Administration fees
Investrnent income
271.288
111.283
39.783
1,210,924
1.482.212
111,283
43,390
3.607
Incoming resources from
charilable a¢tlvltles
145,417
23.835
169.252
Other tradlng actlvities
29,745
29.745
Total income
597,516
1.238,366
1.835,882
nditure on:
Raising funds
91.511
461
91,972
Charltsble Actlvity
Relief of poverty
436.290
1,310.529
1,746,819
Total expenditure
527,801
1.310.990
1.838,791
R8alised gainl(loss) on
Investment ass8ts
Unrealised gainl(loss) on
investment assets
{1.017)
(1,017)
16
4,046
Net In¢omel(expendlture)
69,715
(72,624)
3,029
120
Transfers between funds
Transaction
20
(25,000)
90
44.325
25,000
390
(270)
<72,624)
25,000
3,029
Other reGognlsed galns
and105ses
Pension deficit
adjustment
Net movement In funds
44.325
(72,624)
25.000
3.029
(270)
Fund balances at 1 April 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 expenditur8 is derived from continuing activities. The statement of financial adivities includes all gains
and losses recognised during the year.
16

LEICESTER CHARITY ORGANISATION SOCIETY
CONSOLIDATED BALANCE SHEEr
AT 31 MARCH 2025
Graup
Notos
2025
2024
Fixed assets
Tangible assets
Investments
112,583
255,576
127,839
73,724
10
368.159
201,563
Current assets
Stod(
Debtors
Cash at bank and in hand
19,518
38.399
919.286
21,003
102,361
740,960
12
977,203
864,324
Creditors: amounts falllng due within on• year
13
127.487)
(184,532)
Net current assets
849,716
679,792
Cr•dltors: amounts falling due after one year
14
(13.500)
Total assets
£1,204.375
£881.355
Capital fund
Endowment
Designated funds
17
18
76,930
250.000
75,987
225,000
Income funds
Restricted funds
Unrestricted funds
15
465,108
412,337
214,038
366.330
£1.204,375
£881,355
Thèse 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 25 November 2025
Signed on behalf of the Trustees,
G Ollver
Chalrman
George Oliver IDec 1, 2025 13'.56.'33 GMT)
Company Registratlon No. 03761954
17

LEICESTER CHARITY ORGANISATION SOCIETY
BALANCE SHEET
AT 31 MARCH 2025
Company
Notes
2025
2024
Fixed assets
Tangible assets
Inveslments
Investment in subsidiary
112.583
74.667
100
127,839
73.724
100
10
10
187,350
201,663
Current assets
Debtors
Cash at bank and in hand
12
29.557
872.048
120,126
696,377
901,605
816,503
Creditors: amounts falling due within one year
13
172.697)
(136,811)
Net current assets
728.908
679,692
Creditors: amounts falllng due after one year
14
(13,500)
Totsl assets
£902,758
£881,355
Capital fund
Endowment
Designated funds
17
18
76,930
250,000
75,987
225,000
Income funds
Restricted funds
Unrestricted funds
15
267.551
308,277
214.038
366.330
£902,758
£881,355
These financial statements have been prepared in accordance with the provisions to companies subjecl to the
small companies ￿girne.
These accounts were approved by the Trustees on 25 November 2025.
Signed on behalf of the Trustees.
George Oliver {Dec 1, 2025 13'.56'.33 GMT)
G Oliver
Chalmian
Company Registratlon No. 03761954
18

LEICESTER CHARITY ORGANISATION SOCIETY
STATEMENT OF CONSOLIDATED CASHFLOWS
YEAR ENDED 31 MARCH 2025
Notes
2025
2024
Cash flow from operatlng actlvltles
Cash generatedl(used) in operations
23
117.592
53.146
Net ¢ash flow from operating activities
117,592
53,146
Cash flow from Investing activities
Payments to acquire investments
Receipts from sales of investments
Investment incom8 r6c8ived
(30,513)
30,669
43,390
60,734
Net cash flow from investing actfvttles
60.734
43,546
Net Increase in Cash and cash equivalents
178.326
96.692
Cash and cash equivalenls at l April 2024
740,960
644.268
Cash and cash equivalents al 31 March 2025
£919,286
£740,960
Cash and cash equlvalents conslsts of:
Cash at bank and in hand
919.286
740,960
Cash and cash equivalents at 31 March 2025
£919.286
£740,960
19

LEICESTER CHARrrY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2025
1. Accounting Policies
Charjty Inforniation
Lei￿ster Charity Organisation Society Limited (the Charitable Company} is a charity incorporated in
England and Wales. The Registered Office is 20a Millstone Lane, Leicester, LE15JN.
The group consists of Leicester Charty Organisation Limited and its subsidiary undertaking, The Goods
Depot Limited.
1.1 Accounting conventlon
The charity constitutes a public ben8fit entity as defined by FRS 102. The financial ststements have been
prepared in accordance with Account and Reporting by Charilies: Statement of Recommended Practice
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard
applicable in the Unit8d Kingdom and Republic or Ireland (FRS 102), the Companies Act 2006 and UK
Generalty Accepted Accounting Practice.
The financial statements of the group are prepared under the historical cost convention. modif18d to include
listed investments at fair value. The financial statements are presented in sterling which ts the functional
currency of the charity and Ihe group.
The principal accounting policies adopted in the preparalion of tha financial stslements are set out below.
These polictes have been consistently applied to all years presented un18ss otherwise stated. There have
been no changes to accounting estimates during Ihe reporting year.
The Charity has taken advantage of the small company provisions of the Companies Act 2006.
12 Golng concern
The financial statements of the charity have been prepared on a going concern basis. The trustees have
considered the expected level of income and expenditure for 12 months from authorising these finanaal
51atements. The trustees Consider that the budgeted incom6 and expenditure is sufficient with the level of
reseNes for the charity to be able lo continue as a going concem.
Subsidiary
The financial statements of the Goods Depot Limited have been prepared on the going concem basis. The
financial statements have baen prepared on this basis on the assumption of continued support of the
Charity.
1.3 Recognition of income
Incoming reSoUr￿S are included in the Statement of Financial Activities (SOFA) when the charty is legally
entitled to the income after any performance conditions have been met, the amount can be measured
reliabty, and it is probable that the income will be received.
For donations to be recognised, the charity will have been notrfied of the amounts and the Sett￿ment date
in writing. If there are conditions attached to the donation and this requires a level of perforniance befo
entitlement can be obtained, then income is deferred unlil those conditions are fully met or the fuffilment of
those conditions is wlthin the control of the charty and is probable that Ihey will be fulfilled. Grants and
voluntsry inoome are recognised as incoming resouices when receivable. Defeffed income represents
20

LEICESTER CHARITY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS {CONTINUED)
YEAR ENDED 31 MARCH 2025
amounts received for future periods and is released to incoming resources in the year for which it has been
received.
Income from trading activities includes income earned from fundralsing events and trading activities to raise
funds for the charity. Income is received in exchange for supplying goods and services in order to raFse
funds and is recognis8d when entitlement has occurred.
Income from local govemment grants are recognised at fair value when the charity has entitlement after any
perfomiance conditions have been met, it is probable that the income will be received and the amount can
be measured reliably. If entitlement is not met then these amounts are deferred.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution OT the legacy
being received. At this point income FS re¢ognised.
Investment income is recognised when the amount can be measured reliably.
Income of subsidiary
Tumover is recognised at the fair value of the consideration re￿IVed or receivable for goods and services
provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair
value of consideration takes into accounts Irade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of Ihe
goods have passed to th8 buy8r (usually on dispatch of the gc)ods), the amount of revenue can be measured
reliabty, it is probable that th8 economic benefrts associated with the transaction will flow to the enlity and
the costs incurred or to b8 incurred in respect of the transaction can be measured reliably.
1.4 Expenditure recognltlon
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognized where there is a legal or
constructive obligation to make payments to 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 gènerating incoming resources from all sources other
than from charitable activities.
Charitable activities, which are all the costs appli8d by the charity in undertaking its work to meet its
charitable objectives.
Grants payable to third parties are within the charty's objectives. Where uncondltional grants are offered.
this is accrued as soon as the recipient is noiified of the grant, as this gives rise to a reasonable
expectstion that the recipient will receive the grants. Where grants are conditional relating lo performance
then the grant is only accrued when any unfulfilled are outside of the control of the charity.
1.5 Tangible flxed assets and depreclatlon
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 propety
Fixtures. fittings & equipment
Motor vehicles
Straight line over the period of the lease
33/0 per annum of cost
330/0 per annum of cost
21

LEICESTER CHARITY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
1.6 Impalrnient of fixed assets
At each reporting period end date, the charitable company reviews the canying amounts of tsngible assets
to determine whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists. Ihe recoverable amoLAnt of the asset is estimated in order to determine the exlent of the
impairment loss (if any)- Where it is not possible to estimate the recoverable amount of an individual asseL
the cornpany estimates the recoverable amount of the cash generating unit to which the asset belongs.
1.7 Fixed asset Investments
Investments are stated at fair value at the balance sheet date. The SOFA includes 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 priceless costs to complete and sell. Cost
comprises direct materials and. where appliable. direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are m8asured al the lower of cost and
replacement cost, adjusted where applicable for any loss of service pot8ntial.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tenn liquid
investments with original maturtties of three months or less, and bank overdrafts. Bank overdrafts are
shown within borrowings in cuThent liabilities.
1.10 Dèbtors and creditors receivablelpayable wlthin one y•ar
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded
at transaction pric8. Any losses arising from impaimient are recognised In expenditure.
1.11 Penslons
The Charity partakes in a multiomployer pension scheme for the benefrt of its employÉes which is
independently administered by The Pensions Trust. The assets and liabilities of Ihe fund are detailed at
note 14.
In addition. the Group also operates a defined conlribution 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 sthedule 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 available for use at the discretion of the Trustees 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 restrictions imp)sed by the
donors or which have been raised by the Charity for specific purposes. The Costs of administering such
22

LEICESTER CHARrrY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
funds are charged against the sp8cific fund. The aim and use of each restricted fund is set out in the notes
to the financial ststemenls.
Endovrfment funds are retained for the benefit of the charity as a capital fund. The fund consists of
investments that are used for the purpose of the charity.
Designated funds are funds which a￿ 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 Benefits
When employees have rendered service to the charity, short-term employee benefits to which the
employees are entitled are recognised at the discounted amount expected to be paid in exchange for that
seniice.
1.15 Leases
Rentsls payable under operating leases. including any lease incentives received. are charged to profit or
loss on a straight-line basis over Ihe term of the relevant lease except where another more systematic
basis is more representative of the time pattem in which economic benefrts from the leases asset are
consumed.
1.16 Governm•nt grants
Government grants are recognized at the fair value of the asset r8c8iV8d or receivable when there is
reasonable assurance that the grant conditions will be met and the grants will be received.
A granl Ihat specifies perfonnance conditions is r6cognized in income when the performance conditions
are met. Where a granl does not specify performance conditions it is recognized in income when the
proceeds are received or receivable. A grant received before the recognition criteria are satisfied is
recognized as a liability.
1.17 Crltlcal accounting esllmatss and Judgements
In the application of the group's accounting policies, the Irustees are required to make judgements.
estimates and assumplions aboul the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and
other factors that are considered to be relevant. Actual resutts 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 affects both current and future
periods.
Useful economic lives of tsngible assets
The annual depreciation charge for langible assets is sensitive to changes in the estimated usefijl
eGonomic lives and residual values of the assets. The useful economic lives and residual values are
reassessed annually. They are amended wh8n necessary to reflect current estimales. based on
technok)gical advancement. future inveslments, economic utilisation and physical condition of the assets.
See accounting policy note {above) for the useful economic lives for each class of assets
Support cost allocatlons:
Support Costs are apportioned as they relate to rnore than one cost category (see note 5).
23

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
2 Voluntary Income
Unrestrlcted
funds
Rèstrlcted
funds
2025
2024
Core grants
Donatlons, subscriptions and discounts
received
Income from fundraising
Legacies
804.270
500
804.270
62,850
1.210,424
58,458
62,350
250.561
250,561
213.325
£312,911
£804,770
£1,117,681
£1,482.212
3 Investsnent in¢ome
Unrestrlcted
funds
Rostricted
funds
2025
2024
Rental income
InGome from listed inveslmenls
Interest receivable
14,800
219
34.692
14,800
11,199
34.735
14.800
4.536
24.054
10,980
43
£49.711
£11.023
£60.734
£43.390
4 Incomlng resources from charitable activitlOS
2025
2024
Grants recelvable for charitable actlvltles
Unroslrlctod funds:
L8icester Cty Councll
L8ic8Stershire County Council
Lloyds bank l Quetzal
Wam) Homes Initiatlve
33.095
14.138
11,000
63,314
79.500
14,069
51,848
121,547
145.417
Restricted funds..
Leicester City Council
Leicestershire County Council
Lel¢esterlLeicestershire Integrated Care Board
13.723
5.862
4,021
13.883
5,931
4,021
23.606
23,835
£145,153
£169.252
The Charity receives income ffom local government lo assist individuals in identifying support funding to which
they are entitled.
24

LEICESTER CHARrrY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
Expenditure
Staff
Costs
(note 7)
Depreclatlon
Other
Costs
(note 8>
Totsl
2025
Total
2024
(note 9)
Costs of generatlng funds:
Fundraising and publicity
92,147
15,320
107,467
91,972
Charltable Activity- Relief of Poverty:
Donations In klnd
Inter-group transactions
Grants payable (note 6)
Employm8nt costs
Administration costs
422,969
(638,419)
756,043
422,969
{638,419)
756.043
512,109
181,229
415,373
(575,862)
1,286,694
492.655
127.959
512,109
15.256
165.973
512.109
15.256
706.566
1,233,931
1,746,819
£604.256
£15,256
£721,886
£1.341,398
£1.838,791
6 Grants payable
Grants to institutions- 4 (2024- 10 grants)
Grants to individuals- 6,346 (2024 - 5,591 grants)
Grants to Individuals- 8- Linked Charlty
2025
910
753,133
2,000
2024
3,683
1.283.011
{Link8d Charity)
£756,043
£1.286.694
Grants to institutions
2025
2024
KEMP Hospice
Pink Ribbon Donation
P Hepworth- Just giving
D Swannick - Just giving
Cancer Research
Yorkshlre Cancer Research
LOROS Hospice
Barnsley Hospi
Katharlne House Hospice
CILink - Just Giving For Charlle
CILink- Asbestos Support
D8mentia UK
200
410
200
100
170
178
65
115
245
110
1,300
500
500
500
£910
£3,683
In addition to the abov8 grants administered through the Society, a further 205 awards totalling £339,775 were
secured on behalf of individuals and institutions. Th8S8 grants were remitted directly by the donors to the
beneficiaries.
25

LEICESTER CHARITY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
2025
2024
7 Employees
Number
Number
Number of employees
The average monthly number of employees durfng the year was:
The number of part time employees was
22
18
22
18
Employment Costs
Wages and salaries
Social securty costs
other pension costs
520,636
38,293
45,327
493,746
35,158
43,156
£604.256
£572,060
The number of employees whose annual remuneration was more than £60,000 per annum or was:
2025
Number
2024
Number
£60,000 to £70,000
The Charity considers its key management personnel to consist of the CEO, Deputy CEO, Operations Manager
and Finan￿ Manager. The remuneration and benefits paid to these personnel totslled £167.846 (2024 - £170.433).
None of the Trustees (or any person connected with them) received any remuneration during this year.
Reimbursed expenses to trustees during the year amounted £nil (2024 - £nil).
26

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS {CONTINUED}
YEAR ENDED 31 MARCH 2025
8 Other costs
Fundralslng and publlclty
2025
2024
Promotion expenses
Investment management fees
14,821
499
12,106
461
£15,320
£12.567
Administration costs
Rent and rates
Insurance
Light and heat
Repairs and maint8nan¢e
Stationery
Telephon8, intemet and fax
Travelling expenses
Legal and professlonal
Sundry expenses
R￿rUitMent expenses
Subscriptions
Bank charges
Cleanlng
Computer expenses
Health and safety
Staff training
Postage
AudIto￿8 remuneration
18.335
10,627
10.929
42.663
5,801
5,366
14,304
2,189
3,075
749
4,839
907
7.582
17.534
3,892
1.379
6.531
9.271
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
£165,973
£112,703
27

LEICESTER CHARITY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
9 Group
Tangible fix•d assets
Leasehold
property
Flxtures
Flttings &
equipment
Motor
Vehicle
Tolal
Costlvaluation
At 31 March 2024
Revaluationladditions
Disposal
237.500
46,984
16.640
301,124
At 31 March 2025
£237,500
£46,984
£16,640
£301,124
Depreclatlon
At 31 March 2024
Charge for the year
Eliminated on revaluation
Disposal
112,500
12,500
44.145
2.756
16,640
173.285
15,256
At 31 March 2025
£125.000
£46.901
£16.640
£188,541
Net book value
At 31 March 2025
£112,500
£83
£Nil
£112.583
At 31 March 2024
£125.000
£2,839
£Nil
£127,839
Company
Tangible fixed assels
Leasehold
property
Flxlures
Flttings &
equlpment
Total
Costlvaluation
At 31 March 2024
R8valuationladditions
Disposal
237.500
46,984
284,484
At 31 March 2025
£237,500
£46,984
£284.484
D•pre¢latlon
At 31 March 2024
Charge for the year
Eliminated on disposal
Disposal
112,500
12,500
44,145
2,756
156,645
15,256
At 31 March 2025
£125.000
£46,901
£171.901
Net book value
At 31 March 2025
£112.500
£83
£112.583
At 31 March 2024
£125,000
£2,839
£127,839
28

LEICESTER CHARITY ORGANISATION SOCIEr
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
10 Investments
Fixed ass•t Investments
Group
2025
Group
2024
Charity
2025
Charity
2024
Investments
255,576
73,724
74.667
73,724
Movements In flxed asset investments
Group
Cost or valuation
At 1 April 2024
Additions
Net unrealised gain on revaluation
Cost or valuation 31 March 2025
Investsngnts
73,724
178,626
3,226
£255,576
Historfcal cost 1 April 2024 and 31 March 2025
£236,732
Charity
Cost or valuatlon
At 1 April 2024
Net unrealised gain on revaluation
Cost or valuation 31 March 2025
73,724
943
£74.667
Historical Cost 1 April 2024 and 31 March 2025
£69,167
29

LEICESTER CHARITY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
All Investments were held in the Unlted Klngdom. The Trustees consider that there were no individual malerlal
investrnents held at the end of the year. Listed investments are valued at market value at the year end.
Subsidiary
Details of the company's subsidiary at 31 March 2025 are as follows:
Name of undertaking
Registered office
Company No
Class of
shares held
% Held
The Goods Depot Limited
UK
11581108
Ordinary
100
Results for tho yoar
Income
Expenditure
673,329
(569,265)
Profrt before taxation
£104,064
Total Assets
£123,027
Total Liabililies
£18,863
11 Stocks
Group
2025
Charity
2025
2024
2024
Goods for resale
£19,518
£21,003
12 Debtors
Group
2025
Charity
2025
2024
2024
Trdde debtors
Income tax recoverable
Amount owed by subsidiary undertaking
Prepayments and accrued income
29,947
91,198
343
27.638
87,373
343
31.870
540
8,452
10,820
1,919
£38.399
£102.361
£29.557
£120.126
30

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
13 Credltors: amounts falling due wlthln one year
Group
2025
Charity
2025
2024
2024
Trade creditors
Taxes and social security costs
VAT on sales
Other creditors
Amount owed to subsidiary company
Accruals and deferred income
Pension deficit
69,969
10,383
104,953
16,113
62.300
64,125
15,619
10,122
2,405
64.077
25.793
8.000
13,342
8.622
2.223
43,844
11,000
25.793
8,000
43,844
11,000
£127,487
£184,532
£172,697
£136,811
14 Penslon costs
The Charlty
The Charty operates a defined contribution pension scheme for all qualifying employees. The assets of the
schemes are held separately from those of the Gharty in independently administered funds.
The charity participates in a multi - employer scheme which provKles benefits to some 521 non-associated
participating employers. The scheme is a defined benefft scheme in the UK. It is not possible for the charity
to obtain sufficient informats'on to enab￿ it to account for the scheme as a defined benefit scheme. Therefore.
it accounts for the sch6me as a defined contribution scheme. Participating employers are legally required to
meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.
The scheme is classified as a 'last man standing arrangement.. Therefore. the charity is potentially liable for
other participating employer's obligations rf those employers are unable to méet their share of the scheme
deficit following withdrawal from the scheme.
The last full actuarial valuation for the scheme was carried out 30 September 2023 showing a deficit and the
trustees asked the participating employ8rs to pay additional contributions.
31

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
Seclion 28.11A of FRS 102 requires deficit recovery payments to be recognised as a liabilty. The
movement in the provision is set out below.
2025
11,000
1.000
{12.000)
2024
25.000
1.000
{14,000)
(1,000)
Liabilty at 1 April 2024
Unwinding of the discount factor (interest expense)
Deficit contributions paid
Re-measurements- impact of any change in assumptions
R&measurements - amendment to the contributions schedule
21.500
Balance sheel liability at 31 March 2025
Due within 1 year
Due after l year
21,500
£11.000
8,000
£11,000
13,500
Amounts payable by instslments after 5 years
This liabilty 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 Ihe def￿11 recovery
payments:
March
2025
March
2024
hlarch
2023
March
2022
Discount rate applied lo future recovery plan
contributions due
4.84°/.
5.310
5.520
2.35°/0
32

LEICESTER CHARrrY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
15 Restrict•d funds
Group 2025
Movement In funds
Resources
Expended
Balance
1 April
2024
Incomlng
Resource
Galn on
Investm•nts
Balance
31 March
2025
Edward Wood Poor
Widows. House Rent
Assistance Fund and the
Edward Wood Leicester
Charfty Organisation
Society Fund
201,608
6,334
2.283
197,557
Carlton Hayes Mental
Heatth Charity
2.905
27,000
28.097
1,808
Covenants
741
610
910
Leicester Children's Aid
Association
2.660
3.785
4.024
2,421
other funds held for
distribution to the needy
207,732
776.660
721,511
262,881
Local authorities and ICBS
23,606
23.606
£214.038
£1.033.269
£784.482
£2.283
£465,108
33

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
15 Restrlcted funds
Group 2024
Movement in funds
Balance
InGomlng
1 April 2023
Resource
Resources
Expended
Balance
31 March
2024
Carfton Hayes Mental
Heslth Charfty
Funds held for other charitable
institutions
Leicester Children's Aid
A$s￿ratIOn
Other funds held for distribution to
the needy
Local aLrthorities and ICBS
5.088
36,000
36,183
2,905
2,424
2.000
4.108
3,683
4,452
741
2.660
276,146
1.172.423
1,240,837
207.732
23,835
23,835
£286.662
£1,238.366
£1,310.990
£214,038
Charity 2025
Movement In funds
Incoming
Resources
Resource
Expended
Balan¢e
1 Aprll
2024
Balance
31 March
2025
Carlton Hayes Mental H8alth
Charity
Funds held for other charitable
Instltulions
Ldcester Children's Aid
Association
(Xher funds held for distribution
to the needy
Local Authorities and ICBS
2.905
27.000
28,097
1,808
741
2,660
610
3.785
910
4,024
441
2,421
207.732
776,660
721,511
262,881
23,606
23,606
£214,038
£831,661
£778,148
£267,551
34

LEICESTER CHARITY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
Charity 2024
Movement In funds
Incomlng
Resources
Resource
Expended
Balanc•
Balance
31 March
2024
2023
Carlton Hayes Mental
Health Charity
Funds held for other charitable
institutions
Leicester Children's Aid
Association
Other fvnds held for distribution
to the needy
Local Authorities and ICBS
5.088
36,000
38,183
2,905
2.424
2,000
3,683
741
3,004
4.108
4.452
2,660
276,146
1,172.423
1,240,837
207.732
23,835
23,835
£286,662
£1,238,366
£1,310,990
£214,038
On the basis that it would not b8 practical to split the cost of the defictt reduction payments between current
and historical restricted and unrestrictéd funds, all of the costs have been charged to unrestricted funds for
this year and for previous years.
The Edward Wood Poor Widows House Rent Assistsnce supports poor widows living in the City of Leicester
whose younggst child has not ￿ached the age of 16 years by way of annual pensions. and the Leicester
Charity Organisalion Society Fund. to apply the income for the general purpose of Leicester Charity
Organisation Society.
The Carlton Hayes Mentsl Health Charty makes grants for people in need living in Leicestershire and Rutland
who are experiencing mental health problerns
The funds held for other charitable institutions are block grant arrangements with companies and individual
donors which help institutions engaged in charitable activities
Leicester Children's Aid Association assists children and young people resident in the city of Leicester under
the age of 18 with grants to promote their education and welfare.
Loicester City Council and Leicestershi￿ County Council support the actlvitles of the charity in order to
reduce poverty and distr8ss in the city of Leicester and county of Leicestershlre respectively. The thre8
Clinical Commissioning Groups operating in Leicestershire and Rutland support the activities of the ¢h8rity
in Seeking out funding for equipm8nt, aids and adaptions that help disabled people to retain their
independence.
3S

LEICESTER CHARITY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
16 Anatysis of net assets between funds
Group
Unre$trlct•d
fund
Restrlcted
Fund
Designat•d
Funds
Endowment
Funds
Total
Funds
2025
Total
Funds
2024
Fund balance$ at 31 March 2025
are reprèsonted by:
Tangible fixed
assets
Investrnents
Current assets
Credltors:
amounts falling
due within one
year
112,583
112,583
127.839
180,908
406.747
74,667
2,263
255,575
977,204
73.724
864.324
318,194
250.000
(4,940)
(13,500)
(122.547>
(127,487)
(13,500)
(184,532)
Creditors:
amounts falllng
due after one year
£412,337
£465.108
£250,000
£76,930
£1,204,375
£881,355
Charlty
Unristrlct8d
fund
Restricted
fund
Deslgnated
Funds
Endowment
Funds
Total
Funds
2025
Total
Funds
2024
Fund balancos at 31 March 2025
are represented by:
Tangible fixed
assets
Inv8strn8nts
Current assets
Creditors:
amounls falllng
due within one
year
Creditors:
amounts falling
due after one year
112,583
112.583
127,839
100
259,244
(50,150)
74,667
2,263
74.767
901.605
(172,697)
73,824
816,503
(136,811)
390,098
(122,547>
250,000
(13,500)
(13.500)
£308,277
£267,551
£250,000
£76,930
£902,758
£881,355
36

LEICESTER CHARITY ORGANISATION SOCIErY
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 MARCH 2025
16 Analysis of net assets between funds Icontlnued)
Restrlcted
Funds 2025
Endowm•nt
Funds
2025
Total
Funds
2025
Total
Funds
2024
Unrealised gainsl(los$es) Included above:
On investments (see below)
13,343
5.501
18,844
4,558
Reconcillation of movements In unrealised
Gainsl(losses) on Investment assots
Unrealised gains at
1 April 2024
4,558
4,558
883
Addition
11,060
11.060
2.283
11,060
15,618
3,226
371
512
4.046
4.558
943
Net increase arlslng in
year
Unrealised gain
31 March 2025
£13.343
£5,501
£18,844
£4,558
17 Endowment funds
The Endowment Funds r81ate to Lelcester Children's Aid Association which was transferred into the Charity on
29 October 2007 together with the net funds of Connection. another lo¢ally based Charity whlch merged with
Leicester Children's Aid Assodation in 2008.
18 Deslgnated funds
The designated property fund is to be used for the purpose of purchasing freehold office accommodation for the
Ch8rfty whèn the18as8 on its current premises comes to an end in 2034. Durlng th8 year£25.000 was transferred
to the fijnd.
19 Related Party Transactions
During the year, administration fees and grants were rec8ived from the following charities in which some or all of
the Truste8s of Leicester Charlty Organisation Society are also Trustees: .
2025
2024
Leicester Indigent Old Age So¢i8ty
The Mansion Trust {UK}
The Nicholson Memorial Fund {Rosehill Trust)
R Daphne Plunket Charitable Trust
Aldeman Newton's Educational Foundation
5.608
3,108
22.288
128.061
16,616
7,112
3.606
11,680
73,786
17.798
At the year end the charity was owed £698 by the Manslon Trust (UK) (2024 £1,364). and £1,101 by R
Daphne Plunket Charitable Trust (2024 - £2,627).
37

LEICESTER CHARrrY ORGANISATION SOCIETY
NOTES TO THE ACCOUNTS {CONTINUED)
YEAR ENDED 31 MARCH 2025
20 Transfer between funds
During the year. Le1￿$ter Charity Organisation Soctety transferred £25.000 from Ihe unrestricted fund to the
designated propety 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 commitments
The Group
At the reporting end date the group had outstanding commltments for future minimum lease payments under
nOn￿ncelIable operating leases, as follows:
2025
2024
£44.640
£34,396
The Charity
At the reporting end date, th8 company had outstanding commltments for future mlnlmum lease payments
und8r non-cancellable operating leases, as follows:
2025
2024
£19.873
£25.945
22 Flnancial Guarantees
The Charitable company has guaranteed the lease payments of The Goods Depol Limited on the leasehold
prernises from which that company operates. At 31 March 2025 the lease commitment amounted to £24,767.
23 Reconcillation of net Income to net cash flow from operations
2025
2024
Net movement in funds
Depreciation of tanglble fixed assets
(Gains)Ilosses on inv8Stments
Investment income
Value of funds from Linked Charity
Movements in worklng capltal
Cash from Linked Charity
Decreasel(Increase) In stock
Deceaselllncrease) in debtors
Increasel{Decrease) in creditors
323.020
15,256
(3,226)
(60,734)
{193,870)
(270)
15.256
{3,029)
(43.390)
15.244
1,485
63,962
43,545
(2,969)
99.953
12,405
Net cash inflowl(oufflow) from operations
£117,592
£53.146
24 Analysis of changes In net funds
The Charity had no debt during the y8ar.
38