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2023-03-31-accounts

Company registration number: 04324686 Charity registration number: 1090735

The Leaming Curve (Voluntary Sector Development)

(A company limited by share capital) Annual Report and Financial Statements for the Year Ended 31 March 2023

Peplows Ltd Moorgate House King Street Newton Abbot Devon TQ12 2LG

The Learning Curve (Voluntary Sector Development)

Contents

Refrence and Administrative Details
Trustees' Report 2 to 5
Statement of Trustees' Responsibilities 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 19

The Learning Curve (Voluntary Sector Development)

Reference and Administrative Details

Mr S J Westlake Mrs H M Rendle Ms G Rochelle - Resigned 31/08/2023

Trustees / Directors

Senior Management Team Mr I J Powell, Chief Executive officer Principal Office Swarthmore 78 Mutley Plain Mutley Plymouth PL4 6LF Registered Office Moorgate House

Swarthmore 78 Mutley Plain Mutley Plymouth PL4 6LF Registered Office Moorgate House King Street Newton Abbot Devon TQ12 2LG The charity is incorporated in England. Company Registration Number 04324686 Charity Registration Number 1090735 Bankers CAF bank Limited West Malling 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Independent Examiner Mr Michael Denoon Young Independent Examiner Peplows Limited Moorgate House King Street Newton Abbot Devon TQ12 2LG

The Learning Curve (Voluntary Sector Development)

Trustees' Report (including Directors Report and Strategic Report)

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2023.

The full charity name is The Leaming Curve (Voluntary Sector Development) and it is known as The Leaming Curve.

Objectives and activities

Objects and aims

Our Charitable Objects remain as laid out in the Articles of The Leaming Curve and are 'To promote public education and training and promote the efficiency of the charity'. Our mission and priorities are as follows:

Purpose:

To provide accessible learning and guidance for socially and economically disadvantaged groups.

Outcome:

The outcome of our work should be that socially and economically disadvantaged people are more able to lead fulfilled lives, become more resilient and support themselves.

We continue to focus on the continued high need and demand for our support for the most disadvantaged, whilst dealing with substantial cuts seen in statutory funding for health and housing which are priority services needed in our local communities. It is important that we continue to identify the best long-term options for ensuring that the needs of our beneficiaries are being met.

The Trustees have had due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and planning future activities.

Objectives, strategies and activities

In line with our Charitable Objects, we have worked to provide our target beneficiary groups with new skills and opportunities to help them support themselves and lead more fulfilled lives.

We continue to deliver government funded programmes and the main programmes has been the Princes Trust Team Programme. In partnership with The Prince's Trust, we have delivered the Team programme, a 12-week personal development course for young people aged 16 -25, building confidence, motivation, and self-esteem while improving their communication and problem-solving skills. Enabling young people to have the opportunity to plan for their future and reach their full potential. We have also delivered short practical training programmes in beauty, health and well being, construction as well as an employability training programme in Gran Canaria through Turing.

Public benefit

The charity provides educational and learning activities to the benefit of the general public.

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Use of volunteers

Due to the nature of the specialist services provided, the company uses employed staff and third parties to provide training and education. The Trustees are however volunteers.

2

The Learning Curve (Voluntary Sector Development)

Trustees' Report (including Directors Report and Strategic Report)

Achievements and performance

The Leaming Curve delivered the Prince's Trust 12-week Team programme which gives practical and financial support through developing key workplace skills such as confidence and motivation. The Team programme is one of The Princes Trust's most long-standing and core programmes which is available to support 16 to 25-year-olds who are N T. It is a full-time 12-week personal development programme which includes a residential stay, several community projects and a 2-week work placement. Its primary aim is to build confidence, motivation and skills to help unemployed young people return to education or move into employment. On completion of the 12-week programme the participants achieve a level 1 Certificate in Employment, Teamwork and Community Skills. Participants are able to achieve part of the qualification if they leave due to employment or other training provision part way through the programme.

Health and wellbeing programmes have been delivered. This programme focused on enabling individuals to explore and assess their own health and well-being. Young people are encouraged to look at their sleep patterns, daily routine, nutrition, diet, exercise, personal hygiene, relationships with family and friends and lifestyle choices and how these can all directly impact on an individual's journey forward. The final part of the programme focused on moving forward and taking positive steps towards improving confidence, motivation and progression into further training or employment. Other employability programmes including an introduction to the construction sector and a 3-week employability programme to Gran Canaria has also been successfully delivered.

Throughout this financial year the Leaming Curve helped to fund training opportunities for 28 young people.

The Leaming Curve launched a new room rental scheme in new premises secured in Plymouth which has resulted in 3 regular tenants this financial year.

3

The Learning Curve (Voluntary Sector Development)

Trustees' Report (including Directors Report and Strategic Report)

Financial review

The Learning Curve has made a surplus on unrestricted activities of £51,524 for the year ended March 23 ( compared to a surplus of£ 10,182 for the year ended March 22).

This was the first full year in our new Swarthmore centre. The annual costs for running this centre came in slightly below our expectations, in part due to the rent free period at the start of the term, but also due to lower salary costs due to a lack of resource spent on developing the room hire aspects of the business. Unfortunately, a byproduct of this was that we also received a lower than anticipated income (and therefore surplus) from the building, having anticipated an £18k surplus, but landed on a £15k deficit.

Looking ahead at the next financial year - Eat That Frog will be taking on more space in the centre as part of its growth and this combined with a few established tenants, means that we are expecting a 52% increase in income for the next financial year which should help to move this area of the business back into the black.

Alongside this new income stream, The Learning Curve continued to perform against its Post 16 ESF A contract which it delivered in full. As per last year's financial review, this delivery was earning the funds which the ESFA had already paid to us in the Mar 22 year end, and therefore was reducing our deferred income liability, rather than increasing our cash balance. This is shown on the Balance Sheet where you can see the cash balance has fallen slightly from last year, but the creditors balance has fallen faster!

The combination of the new room hire income stream and the full delivery of the ESF A contract gave The Learning Curve a surplus of £2k overall, which was topped up to £52k following a £50k donation from Eat That Frog.

Policy on reserves

It is the policy of the charity to raise funds to finance its learning commitments. It is desired to have an aim of maintaining unrestricted reserves at a level which is equal to three months operating costs. At 31 March 2023 reserves of £98,031 did meet that aim.

Principal funding sources

The major source of income for the charity during this period was its Room Hire to Charitable and Training Organisations.

Structure, governance, and management

Nature of governing document

The organisation is controlled by a set of articles of association which were most recently updated by a written resolution of the sole member on 23 December 2017.

Recruitment and appointment of trustees

Trustees are drawn from directors/ senior staff of the parent organisation Eat That Frog CIC.

Induction and training of trustees

Trustees have access to an induction and mandatory training covering all statutory and contract requirements.

Arrangements for setting key management personnel remuneration

The key management are the Trustees and Mr I J Powell. The Trustees do not receive any remuneration from the charity but Mrs H Rendle receives net remuneration of £500 from the parent company Eat That Frog C.I.C in relation to her being a Trustee of TLC and Mr I J Powell does not receive any remuneration from the charity but is remunerated by the parent company, Eat That Frog C.I.C.

4

The Learning Curve (Voluntary Sector Development)

Trustees' Report (including Directors Report and Strategic Report)

Organisational structure

Eat That Frog C.I.C. is the sole company member.

Decisions on the running and operating of the charity are made by Trustees with support from directors / senior staff of the parent organisation Eat That Frog CIC.

Relationships with related parties

Eat That Frog C.I.C.

Eat That Frog C.I.C. is the sole member of the company.

Eat That Frog SL

Please see note 17 on page 19 which details the related party transactions undertaken with this company.

Financial instruments

Objectives and policies

The board and management team have an ongoing process of risk management in line with the organisation's risk policy. The risk register is updated by senior staff quarterly to reflect new risks and changes in risk profile as well as actions being undertaken to mitigate each risk.

The annual report was approved by the trustees of the charity on 14 December 2023 and signed on its behalf by:

Mr S J Westlake Trustee

5

The Learning Curve (Voluntary Sector Development)

Statement of Trustees' Responsibilities

The trustees (who are also the directors of The Learning Curve (Voluntary Sector Development) for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

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

In so far-as the trustees are aware:

there is no relevant audit information of which the charitable company's auditor is unaware; and

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 information.

Approved by the trustees of the charity on 14 December 2023 and signed on its behalf by·:

Mr S J Westlake Trustee

6

The Learning Curve (Voluntary Sector Development)

Independent Examiner's Report to the trustees of The Learning Curve (Voluntary Sector Development)

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023 which are set out on pages 8 to 20.

Responsibilities and basis of report

As the charity's trustees of The Learning Curve (Voluntary Sector Development) (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of The Learning Curve (Voluntary Sector Development) are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of The Learning Curve (Voluntary Sector Development) as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

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

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Michael Young Independent Examiner FCA Peplows Limited Moorgate House King Street Newton Abbot Devon TQ12 2LG

14 December 2023

7

The Learning Curve (Voluntary Sector Development)

Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Income and Endowments fom:
Donations
Charitable activities
Investent income
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income
Net movement in fnds
Reconciliation offunds
Total fnds brought frward
Total fnds carried frward
Note
3
4
5
6
15		 Unrestricted
funds 2023
£
50,273
154,164
541
204,978
(153,454)
(153,454)
51,524
51,524
46,507
98,031		 Unrestricted
funds 2022
£
83
67,258
18
67,359
(57,177)
(57,177)
10,182
10,182
36,325
46,507

All of the charity's activities derive from continuing operations during the above two periods.

8

1

The Learning Curve (Voluntary Sector Development)

(Registration number: 04324686) Balance Sheet as at 31 March 2023

Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
Creditors: Amounts falling due within one year
Net assets
Funds of the charity:
Unrestricted income funds
Unresticted fnds
Total funds
Note
12
13
14
15		 2023
£
11,080
40,700
85,454
137,234
(39,203)
28 031
98,031
~~28 0~~31
2022
£
10,353
110,363
120,716
(74,209)
46_501_
46,507
46_501_

For the financial year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements on pages 8 to 20 were approved by the trustees, and authorised for issue on 14 December 2023 and signed on their behalf by:

Mr S J Westlake

Trustee

9

The Learning Curve (Voluntary Sector Development)

Notes to the Financial Statements for the Year Ended 31 March 2023

1 Charity status

The charity is limited by share capital, incorporated in England.

These financial statements were authorised for issue by the trustees on 14 December 2023.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

The Learning Curve (Voluntary Sector Development) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The accounts are prepared in Sterling and rounded to the nearest£.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity is not required to prepare a cash flow statement as the turnover is below £500,000 and it has not therefore included a cash flow statement in these financial statements.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

10

The Learning Curve (Voluntary Sector Development)

Notes to the Financial Statements for the Year Ended 31 March 2023

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

The treatment of grant income depends on the terms of the funding. Where the grant is not' conditional upon specific targets being met, then it is treated as income as it becomes receivable. Where grant income received is conditional upon the completion of certain targets being met and is returnable to the grant giver if the targets are not met, the income is credited to the income and expenditure account as the course targets are achieved. Any grants received, where the targets have not yet been achieved, are held as deferred income.

Charitable activities

Fees from courses and other services are credited to income in the period in which the course or service is provided, with any balance of monies received, or due, held as deferred or accrued income respectively.

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Investment income

Interest receivable is accounted for on a time apportionment basis.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

11

The Learning Curve (Voluntary Sector Development)

Notes to the Financial Statements for the Year Ended 31 March 2023

Governance costs

These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including the Independent Examiner's f s, strategic management and trustees' s meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.

Trade creditors are recognised initially at the transaction price.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The·aim and use of each restricted fund is set out in the notes to the fmancial statements.

Pensions and other post retirement obligations

The company operates a defmed contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

12

Th� Learning Curve (Voluntary Sector Development)

Notes to the Financial Statements for the Year Ended 31 March 2023

3 Income from donations

3 Income from donations
Unrestricted
funds
General
£
Donations;
Donations fom community groups
50,027
Other income fom donations
246
50 273
4Income from charitable actvities
Unrestricted
funds
General
£
Room hire to charitable and training organisations
110,914
Provision ofleaing opportunities and individual
43,250
support
154 164
5 Investment income
Unrestricted
funds
General
£
Interest receivable and similar income;
Interest receivable on bank deposits
541		 Total
2023
£
50,027
246
50273
Total
2023
£
110,914
43,250
154 164
Total
2023
£
541		 Total
2022
£
17
66
83
Total
2022
£
67,258
67 258
Total
2022
£
18

13

The Learning Curve (Voluntary Sector Development)

Notes to the Financial Statements for the Year Ended 31 March 2023

6 Expenditure on charitable activities

General activity costs
Staf costs
Allocated support cost
Goverance costs
Provision ofleaming opportunities and
individual support
Note
9
7
7
Actvity
undertaken
directly
£
41 562		 Unrestricted
funds
General
£
21,184
16,658
111,892
3,720
153 454
Activity
support costs
£
111892
Total
2023
£
21,184
16,658
111,892
3,720
153 454
Total
2023
£
153 454
Total
2022
£
11,147
40,717
3,477
1,836
57 17
Total
2022
£
57 177

Defnitions

General activit costs

These are direct costs, which result directly from undertaking the activity of the charity. Staf costs

These are the payroll costs incurred by the charity.

Support costs

Support costs are costs incurred to facilitate an activity, support costs do not change directly as a result of the activity undertaken. Support costs include the central or regional office functions.

Goverance costs

These costs include the governance arrangements which relate to the general running of the charity as opposed to the direct management functions inherent in generating funds, service delivery and programme or project work. These activities provide the governance infrastructure which allows the charity to operate and to generate the information required for public accountability. They include the strategic planning processes that contribute to the future development of the charity.

£153,454 (2022 - £57,177) of the above expenditure was attributable to unrestricted funds and £Nil (2022 - £Nil) to restricted funds.

14

The Learning Curve (Voluntary Sector Development)

Notes to the Financial Statements for the Year Ended 31 March 2023

7 Analysis of governance and support costs

Support costs allocated to charitable activities

Provision of leaing opportunities and
Individual support		 Governance
costs
£
3,720
3 720
Support costs
£
111,892
111 822		 Total
2023
£
115,612
115 612		 Total
2022
£
5,313
5 313

Basis of allocation

Reference Method of allocation A All support costs are incurred as part of the charitable activity, provision oflearning opportunities and individual support, and are therefore allocated to this in full

Governance costs

Independent examiner f s
Examination of the fnancial statements
Unrestricted
funds
General
£
3,720
3720		 Total
2023
£
3,720
3 720		 Total
2022
£
1,836
1 836

8 Trustees remuneration and expenses

Hannah Rendle has received £500 (2022 - £Nil) net remuneration from the parent company.

No further trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No further trustees have received any reimbursed expenses or any other benefits from the charity during the year.

15

The Learning Curve (Voluntary Sector Development)

Notes to the Financial Statements for the Year Ended 31 March 2023

9 Staff costs

The aggregate payroll costs were as follows:

9 Staf costs
The aggregate payroll costs were as fllows:
2023 2022
£ £
Staff costs during the year were:
Wages and salaries 16,236 36,970
Social security costs 343 3,002
Pension costs 79 745
16 658 40 217

The monthly average number of persons (including unpaid voluntary senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

Provision of learning opportunities and individual support

2023 2022
No No
5 5

No employee received emoluments of more than £60,000 during the year.

10 Independent examiner's remuneration

10 Independent examiner's remuneraton
Examination of the fnancial statements
Other fees to examiners
All other assurance services		 2023
£
2,100
1 620		 2022
£
1,836
Nil

16

The Learning Curve (Voluntary Sector Development)

Notes to the Financial Statements for the Year Ended 31 March 2023

11 Taxation

The charity is a registered charity and is therefore exempt from taxation.

12 Debtors

Due from group undertakings Prepayments Trade Debtors

13 Cash and cash equivalents

Cash at bank

2023 2022
£ £
22,532 538
17,078 7,512
1,090 2,303
40 700 10 353
2023 2022
£ £
~~8~~5454 110 363

17

The Learning Curve (Voluntary Sector Development)

Notes to the Financial Statements for the Year Ended 31 March 2023

14 Creditors: amounts falling due within one year

Trade creditors
Due to group undergs
Other taxation and social security
Accruals
Defrred income
15 Funds
Unrestricted funds
General
Unrestricted funds
General
Balance at 1
April 2022
£
4~~6~~50~~7~~
Balance at 1
April 2021
£
36 325
Incoming
resources
£
204978
Incoming
resources
£
67 689		 2023
£
1,762
4,152
33,289
39203
Resources
expended
£
(53 454)·
Resources
expended
£
(57507)
2022
£
266
73,943
74 209
Balance at 31
March 2023
£
98031
Balance at 31
March 2022
£
46 507

18

The Learning Curve (Voluntary Sector Development)

Notes to the Financial Statements for the Year Ended 31 March 2023

16 Analysis of net assets between funds

2023

Fixed assets Current assets Current liabilities Total net assets

Unrestricted
funds
General Total funds
£ £
11,080 11,080
126,154 126,154
(39,203) (39,203)
98031 98031

2022

Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
120,716
(74,209)
46 507
Total funds
£
120,716
(74,209)
46 50~~7~~

17 Related party transactions

During the year the charity made the following related party transactions:

Eat That Frog C.I.C.

(Parent company and sole member of The Leaming Curve)

During the period the charity received donations of £50,000 (2022 - £Nil) from Eat That Frog C.I.C.

During the period the charity paid manage111ent fees to Eat That Frog C.I.C. of £Nil (2022 - £Nil). At the balance sheet date the amount due from Eat That Frog C.I.C. was £22,532 (2022 - £538).

During the period Eat That Frog C.I.C has recharged the charity (at cost) for various costs incurred by them on behalf of the charity.

Eat That Frog SL

(Company related to the Parent company)

There are some TLC learners for which the Parent company incurs costs from Eat That Frog SL and these costs in the Parent company Eat That Frog C.I.C are covered by grants from the Turing scheme.

18 Parent and ultimate parent undertaking

The parent is a C.I.C. and provides training and education to the general public. The parent is the sole member of the charitable company.

The company's immediate parent is Eat That Frog C.I.C., incorporated in England.

19