Companyregistrationnumber: 04324686 Charity registration number: 1091735 The Learning Curve (Voluntary Sector Development) (A company limited by share capital) Annual Report and Financial Statements for the Year Ended 31 March 2024 Peplows Ltd Moorgate House King Street Newton Abbot Devon TQ12 2LG
The Learning Curve (VoIuntary Sector Development) Contents Reference and Administrative Details Trustees, Report 2to4 Statement of TnL8tees' R¢SnsibIlItieS Independent Examinerfs Report Statement of Financial Activities BalaD¢e Sheet Notes to the Financial Ststements 9t018
The Learnlng Curve (Voluntary Sector Development) Reference and Admlnlstrative Details Trustses l Dlrectors Mr S J Westlake Mrs H M Rendle Ms G Rhelle Resigll 3110812023 Senlor Management Team Mr I J Powell, Chief Executive offic¢r Principal Offlce Swarthmor¢ 78 Mutley Plain Mutley Plymouth PL4 6LF Regtstered Offlee Moorgate House King Street Newton Abbot Devon TQ12 2LG The charity is incorporated in EThglan(L 04324686 Company R¢stratIOn Number Charlty ReglstrYdtlDn Nwnb¢r 1090735 Bankers CAF bank Limited West Malling 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ Mr Michael Denoon Young Independent Exattiiner Peplows Limited Moorgate Hoe King Street Newton Abbot Devon TQ12 2LG Independent ExaDthi¢r
The Learning Curve (Voluntary Sector Development) Trusteesl Report (including Directors Report and Strateglc Report) The trustees, who are directOT8 for the purposes of Company law, present the annual report together with the fjnan¢ial statements of the ¢haritable ¢ompany for the year ended 31 March 2024. The full charity name is The Learning Curve (Voluntary Sector Development) and it is known as The T2m]ittg Objectives and activities Objects tMdal•LY Our Charitable Objects remain as laid out in the Articles of The Lean]ing Curve and are To protnote public education and training and promote th¢ efficiency of the charity. Our mission and priorities are as follows: To pVIde accessible learning and guidanre for socially and economically disadvantsged group& Outcome". The out¢On of our work should be that socially and economi¢ally disadvantsged people are more able to lead fifilled lives. become nwre resilient and support themselves. We continue to focus on the continued high need and demand for our 5UPPOrt for the most disadvantage whilst dealing with substantial cuts seen in statutory fimding for health and housing which are priority services needed in our local conununiti¢s. It is important that we contimie to Ad¢ntify the best long-tern Option8 for aisuring that the needs of our beneficiaries are being met. The Trustees have had due regard to the public benefit gldance published by the Charity Commission when reviewing the clwity's aims and objectives and planning futur¢ activities. ObJe¢llves. str4twes 4ndadiviti In line with our Charitsble 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. W¢ Continue to d¢liver government fimded programmes and the n1n PTogran]mes has been the Prince5 Tn5St Team Progratnme (recently renamed The Kings Trust). Jn parto¢rship with Th¢ Prince's Trust, we have delivered the Team progrdmm4 a 12-week PeTSona] dClop[ent course for young people aged 16 -18. building Confidence, Motivatio and self-esteem while improving their communication and problem-solvillg skills. Enabling young people to have the opportunity to plan for their future and reach their full potential. Publle bene The charity provides educational and learning activities to the benefit of the general publi¢. The trustses confirn] that they hav¢ cornplied with the requirements of sectÉon 4 of the ChaTities Act 2011 to have thie regard to the public benefit guidaD¢¢ published by the Charity Commission for England and Wales. Use of wlunleers Due to the nathre of the specialist services provide¢ the company uses employed staff and third parties to provide training and education. The TDJStees are however volunteers.
The Learning Curve (Voluntary Sector Development) Trustees, Report (including Directors Report and Strydteglc Report) Aehlevements aDd performanee The Learning Curve delivered the Prince's Tn]st 12-week Team programme which gives practical and funCIal support through developing key workplace skills such as confidence and motivatioL The Team programme is one of The Princes Tnt'S most long-standing and core programmes wbich is available to support 16 to 18-yeaT-olds who are NEET. It is a full-time 12-week pcrsonal development pmgrdmme which includes a residential stay, several community projects and a 2-week work placement. its primary aim is to build ¢ODfid¢nce, motivation and skills to help unemployed young people return to education or move into employment. On completion of the 12-week programme the patlicipants achieve a level I Certificate in Employmen¢ Teatllwok* and Cotnmunity Skiib. Participants are able to hleve part of the qualification Èf they leave due to employment or other training provision part way through the prograrnme. Thmughout this fman¢ial year the Le4ming Curve helped to fund tsaining OPPOTtimities for 24 youllg people. The Lean)ing Curve has extended the room rentsl side of the business and it has 5 regular rental clients well as a couple of other individual bookings wbich hop¢fiY will grow.into regulat business. This lias $ll1t¢d in the Room rental business Ineasing by 370/0. Flnanclal revieiv The Learning Curve has made a surplus on unrestricted activities of £78,198 ftir the year ended March 24 (compared to a surplus of £51,524 for the year ended March 23). This was our second year in the Swartbmore centre .The running costs for the centre came in very similar to the previous year. The rent was increased as there was no rent free period within this period, however this was offset by the fact that the repairs and maintenance cost w¢re considerably lower than the previous year. Looking ahead at the next financial year- The t£aming Curve is looking to achieve a similar l¢v¢l of income from its Toomrentals. Alongside this room rental income The Learning Curve continued perfom]well againstits Post 16 ESFA Contract which it managed to over deliver in 2023124 which has resulted in a growth of 239/0 in the contract for the period 202312024. As mentioned in last years Finaticial review there was a defetred income wbich had been paid to The LEarning CuThe already from the ESFA tn relation to year ending March 22. As you can see from the Balance Sheet this has been greatly reduced and The Learning Curye is now building its Cash. Poll¢y on Men It is the policy of the charity to raise funds to fllwice its learning Commitments. It IB desired to have an aim of nIntaining unrestricted r¢seLves at a level which is lla1 to three months operating ¢08ts. At 31 March 2024 reserves of £176229Jnet and exceeded that aim. Prlnclpalfundzngsources The major source of in¢ome for the chaTity dwing this period was its Room Hire to Clwitable and Training Organisations.
The Leorning Curve (Voluntary Sector Development) Trustees, Report (including Directors Report and Strategic Report) Structiireg governanc4 and maDagement Nathre ofgoverning document The organisation is controlled by a set of articles of association wljich were most rrfently updat&1 by a written resolution of the sole member on 23 December 2017. Recruilwlandappointmentoflruslees Tr¢S are drawn from directors I senior staff of the parent Organisation Eat That Frog CIC. Jndudlon andlrninlng oflrns¢tts Trustees have access to an induction and mandatory training covering all ststtrtory and contract requirements. Arr4ngementslor seuIAg key mdn4g¢mentpersonnel remunerntion The key management are the Thistees and Mr l J Powell. The Trustees do not r¢¢eive any remuneration from the charity but Mrs H Rendle receives net r¢muneration of £500 from the parent company Eat That Frog C.I.C in relation to her being a Trnstee of TLC and Mr I J Pow¢ll does not receive any remuneration from the charity but is remunernted by the parent C4)mpany, Eat That Frog C.l.C. OryanisAdonolstrnL*ure Eat That Frog C.l.C. is the sole company member. Decisions on the nlg and operating of the charity are made by TnteeS with support from directors / senior staff of the par¢nt organisation Eat That Frog CIC. Rdationships Jvlth related partles Eat That Frog CIC. Eat That Frog C.I.C. is the sole member of the company. Eat That Frog SL Please see note 18 on page 18 l¢b detsils the related paty transactions with this company. Flngnclal Instruments Objectivu andpolicies The board alld mat)agement team have an ongoing process of risk management in line withthe organisation's risk policy. The riskre8iSter is updated by Senior staff quarterly to reflect new risks and changes in risk proffle as well as actions being undertaken to n)itigate each risk. The annual report wa5 approved by the trustees of the charity on I l Decenther 2024 and sigaed on its behalf by: Mr S J Westlaké Trustee
The Learnlng Curve (Voluntary Sector Development) Statemellt of Trustees, Responsibilities The tEUStees (who are also the directors of The Learning Curve (Voluntary Sector Development) for the purposes of compally law) are TesponSIle for preparlng the trustees, report and the fllMncial statements in accordance with the Untted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prnctkc¢). Company law requires the lrnstees 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 tbe ¢baritabl¢ company and of its incoming resources and application of resources, including its income and expenditu for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them eonsistentty. observe the methods and winciples in th¢ Charities SORP 2019 (FRS 102): niake judgements and estimates that are reasonable and pnthL state whetb¢r applicable UK Accounting Standards have becn followel subject to any Materi departures disclosed and explained in the fjnancial statellts. and prepare the financial statements on the going conc¢m basis unless it is inappropriate to presume that the charitable ¢onJpany will Continue in operdtio The SteeS are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any tin 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 a88ets of the charitable company and hence for tsking reasonable steps for the prevention and detection of frnd and other ittegularities. In so far as the trustees are aw8re: there is no relevant audit iDfonnation of which the charitable company's auditor is unaware. and the trustees have taken di steps that they ougbt to have taken to make themselves aware of any relevant audit inforroatiorl and to establish that the auditor is aware of that infornmtion. Approved by the trustees of the Ckwity on I l December 2024 and signed on its behalf by: Mr S J Westlake Trustee
The Learning Curve (Voluntary Sector Development) Independent Examlner's Report to the trustees of The Learnlng Curve (Voluntary Sector Development) I report to the cbazity trustees on my examination of the accounts of the ¢omp8ny for the year ended 31 MaTch 2024 which are set (Mt on pages 8 to 20. Responsibllltles and basls of report As the charity's trustees of The Learning Curve (Voluntary Sector Dcvelopment) (and also its diTectOTS for the purposes of company law) you are responsible for the preparation of the a¢¢outhts in accordance with the requiTements of Ihe Companies Act 2006 ('the 2006 Act.). Having satisfiedmyself that the accounts ofThe Learning Curve Woluntary SectorDevelopment) arenotrequired to be audited under Part 16 of the 2006 Act and are eligible for independent examinatioo I report in respect of my examinatton of your companys accounts as carried out uttder 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 ACL Independent exAminer's statement I have completed my exaTnination. I confirnl that no matters have come to my attention ill connection with the examination giving me cause to b¢liev¢: accounting records were not kept in respect of The Learning Curve (Voluntary Sector Development) &8 required by section 386 of the 2006 Ac¢" or 2. the acCOts do not aCC[d with those records. or 3. the accounts do not comply with the accounttng requirements of section 396 of the 2006 Act other thall any requirement that th¢ accounts give a 'true and fair view which is not a lltter considered as part of an independent exaEDinatioffj or 4. the a¢¢ow]ts IMve not been prepared in accordance with the methods and principles of the Statement of RecOended Practice for accouoting and reporting by Charities [applicable to ChEtieS preparing their accounts in accordance with the Finaocial ReWtI Standard applicable in the UK and Republi¢ of Ireland (FRS 102)]. I have no concerns and have come across no other nmtters in connection WAth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reach Michael Young Independent Examiner FCA Peplows Limited Moorgate House Kin8 Street Newton Abbot Devon TQ122LG I l December 2024
The Learnlng Curve (Voluntary Sector Development) Statement of Financlal Actlvities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statsment of Total Recognised Gains and Losses) Unrestrlcted Unrestrieted funds 2024 funds 2023 Income and Endowments from: Donations Clkaritable activities Jnvestment incon 10.401 223,869 1,394 50273 154,164 541 Totsl income 235.664 204,978 Exp¢ndlture on: Charitsble activities (157,466) (157,466) 78,198 (153,454) Total expenditure (153,454) 51524 Net incom¢ Net movement in fimd8 78,198 51,524 Recon¢illatlon of funds Total fidS brought forward Total fun(ts ¢arried forward 98,031 46,507 15 176,229 98,031 All of the charitys activities d[ve from continuing operations during the above two periods.
The Learning Curve (Voluntary Sector Development) Olegistratlon number: 04324686) Balance Sheet as at 31 Mareh 2024 2024 2023 Note Fixed asset8 12 Tangible assets 11,509 11.080 Current a55ets Debtors Cash at bank and in hal 13 14 28,798 167,761 40,71X) 208,068 (31,839) 137,234 (39.203) Creditors: Amounts faJJlng due whhln one year 15 Net assets Funds of the charlty: Unre$trl¢tsd Income funds Unrestrithed fijnds l76229 98,031 Total funds 16 For the financiAI year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies A¢t 2006 r¢latÉng to small companies. DireCtwE'res7)j]itieS. The members have not requir¢d the charity to obtain an audit of its accounts foT the year in qu¢8tion in accordance with section 476" and The directors acknowledge their responsibilities for comptying with the reqUirents of the Act with Tespect to accounting records and the preparation of a¢ullts. These accounts have been prepared in accordance with the provisionB applicable to companies subjeth to the 8mall companies re8inie. The financial stat¢m¢nts on pages 7 to 18 w¢r¢ approv¢d by th¢ trustee8, and auth0ri8ed for issu¢ on I l December 2024 and Sigll on their behalf by: MT S J Westlake Trte¢
The Learning Curve (Voluntary Sector Development) Notes to the Financial Statements for the Year Ended 31 March 2024 I Charlty ststus The cliarity is limited by share capital, incorporated ill EDgland. These fit)an¢ial statements were authori8ed for issue by the trustees on I l December 2024. 2 Accountlng poliele8 Summary of slgnlficant accountlng polleles and key aceounting estimates The principal accounting policie5 applied in the preparation of these fmancial statements ate set out below. These policies have been consistently applied to all the yeats presente<L unless otherwise state& Statsment of eompllanee The financial statements have been prepared in a¢¢ordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In acconlance with the Financial Reporting Standard applicable in the UK and Republic of Jreland (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. Basls of preparatlon The Learning Curve (Volunw Sector Development) meets the definition of & public benefit entity under FRS 102. Assets and Itabiliti¢s are initially recogllised at historical cost ortransaction value wlless otherwise stated iti the relevant ac4J)unting policy notes. The accounts are prepared in Sterling and rounded to the nearest £. GolDg ¢oneern The trnste¢s consider that there are no niaterial uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that aff¢¢t th¢ Carrying value of assets held by the Charity. Exemptlon from pr¢parlng a Cash flow statement The clwity is not required to prepare a cash flow statement as tbe turnover is below £500,¢N)O and it has not therefore included a cash flow statement in these financial ststements. IDcome and endowmellts All income is recogntsed once the cbatity has entittement to the income, it is probable that the income will be received and the amount of the income re¢eivable can be the&sured reliably.
The Learning Curve (Voluntary Sector Development) Notes to the Financial Statsments for the Year Ended 31 March 2024 Donations andleryies Donations are recogDised when the charity has been notified in writing of both tbe amount and settlement date. Jn the ev¢nt that a donation is subject to conditions that require a level of performance by the charity before the ¢h8rity is entitled to the funds, the income is defeed and not Tecognised until either those conditions are fully meL or the fulfilment of those conditions is wholly within the control of the charity 8nd it is probable that these Conditions will be fulfilled in the reporting perlo Grants re¢¢hYthle The treatment of grant income depends on the tern of the funding. Where the grant is not conditional upon specific tsrgets being met, then it is treated as Incon &8 it becomes r¢c¢ivable. Wh¢re grant income r¢ceived is conditional upon the completion of certain targets being met and is returnable to the grant glver if the tsTgets are not met. the income is credited to the income and expenditure account as the ¢ourse targets achi¢ved. Any grants receive whete th¢ tsrgets have not yet been achÈ¢v&t arc Ileld as defetred income. Charltable ac¢ivil Fees from courses andother services are creditedto income in the period inwhichthe come orserYi¢e is provid, with any balance of monies receive(L or due. held as deferred or accrued incom¢ respectively. l)eferred incon Deferred income represents amounts received forfutureperiods and isTel¢asedto in¢on)ing resources in the period for which, it has been received. Such income is only dcfetrcd wh¢n: - The donor specifies that the grant or donation must only be wed tn future accounting periods. or - Thc donorhas imposed ¢onditions which must be met before the charity has unconditional entitlement, Gift aid Incoming resources from tax reclaims are included in the Statement ofFInala1 A¢tivities at the same time as thc gift to which they relate. InvlMentIo¢0m¢ Interest receivablc is accounted for on a tin apportionment basis. Expendilure All expenditle is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount ran be measured reliably. All costs ar¢ allocated to the applicable expenditure h¢ading that aggregate stmilar costs to that ¢ategory. Where costs cannot be directly attributed to particularheadings they hav¢ been allocated oll a basis Consistent with the usc of resour¢cs. with central staff costs allocated on th¢ basis of time spenL and depreciation charge8 allocatsd on the portion of the asset's use. Other support Costs e allocated based on the spread of staff costs. Charil4thle acllvilKs Charitable expenditure comprises those costs illcued by the clwity in the delivery of its activities and services for its ben¢ficiari¢s. It includes both costs tlwt can be allocated directly to such activities and thos¢ costs of an indirect nature Deressary to support them. Support costs Support Costs include central functions and have been allocated to activity cost ¢atsgorie8 on a basis consistent with the usc of resources. for example, allocating propety costs by floor areas. or per capitffj staff costs by the time spent and other cL)sts by their usage. 10
The Lemilng Curve (Voluntary Sector Development) Notes to the Financial Statements for the Year Ended 31 March 2024 Governance costs Th¢8e include the costs attiibutable to the charity's compliance with constitutional and statutory requirements. including the Independent Examinerfs fees, strategic management and tntss's meetings and reimbursed T2xRtAon Th¢ charity is considered to pass the tssts set out ID Paragraph I Sch¢dule 6 of the Fitwice Act 2010 and therefore it meets the defmition of a charitsble Company for UK corporation tax puoses. Accordingly. the charity is potentially exempt from taxation in respect of income or Capital gains received within categories rovered by Chapter 3 Part I l of the cooration Tax Act 2010 or Section 256 of the Taxalion of Charg¢able Gains Act 1992, to the extent that such incom¢ or gains are applied exclusively to tharitable pu4)os¢s. Trade debtors Trade debtors are amoullts due from customers for services perfomied in the 0Inary Cou¢ of business. Trade d¢btors a recognised initially ut th¢ transaction price. A provision for the impairment of trade debtors is established when th¢r¢ is objective evidence that the clmrity will llot be able to collect all amounts due according to th¢ original tern of the receivables. Cash and Cydsh equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni highly liquid investments that are readily Convertible to a known amount of cash and are subje¢t to an insignificant risk of ¢hange in value. Trade ereditors Trade Creditors are obligations to pay for goods or services that have been acquired in tbe ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional ri1¢ at the end ofth¢ r¢porting perio¢ to defer settlement of the creditor for at least twelve months after the reporting date. Trade edItorS are recOlsed initially at the transaction price. Fund strnctsre Unrestricted income funds are general funds that ar¢ available for use at the trustees discretion in fijrtberance of the objectives of the charity. Restricted fimds are funds which are to be used in a¢cordan¢e with specifi¢ restrictions imposed by donors or which have been raised by the Charity for particular purposes. Th¢ cost of raising and adtninistering such funds are charged against the specific fun(L The aim and use of each restricted fund is Set out in the notss to the financial statements. Penslons and other post reltrement obllgatlon8 The cornpany operates a defined contribution pension scheme. cOntnutions are Charged to the Statement of Financial Activities as they be£ome payable in accordance with the ndes of the scheme.
The Learnlng Curve (Voluntary Sector Development) Notes to the Financial Statements for the Year Ended 31 March 2024 3 Income from donadons Unrestrleted funds Total 2024 Total 2023 Ceneral Donations. Donatiotts from community groups Other income from donations 10,2CK) 201 10,200 201 50,027 246 4 Income from eharhable a¢dlIeS fund8 Totsl 2024 Totsl General Room bire to charitable and training organisations Provision of learning opportunities and individual support 151,625 72244 151,625 72,244 110,914 43,250 5 1nvestm¢Dt Ancome Unrestrieted funds Total 2024 General 2023 Interest re¢eivabl¢ and similar incomw. tllterest receivable on bank deposits 12
The Learnlng Curve (Voluntary Sector Development) Notes to the Financial Statements for the Year Ended 31 March 2024 6 Expendlture on eharltable actfvltles Unrestrfcted Total 2024 Total 2023 Ceneral General activity costs stsff Costs Allocated support costs Governance c03ts 21,928 17,098 114.456 3,984 21,928 17,098 114,456 3,984 21,184 16,658 111,892 3,720 Acllvlty undertaken Aetivlty support co Total 2024 Total 2023 Provision of learning opportunities and individual support Definltions These are direct costs, which result directly from undertaking the activity of the charity. Staff costs These are th¢ payroll costs incurred by the charity. ort ¢osts Support costs are costs incurred to facilitate an activity, SUprt costs do not change directly as a result of the activity undertaken. Support Costs include tb¢ c¢ntral or regioDal office functions. ov ance costs These Costs include the governance arrangements which relat¢ to the general running of the Charity as opposed to the direct management functions inherent in generating fimds. 8¢rvi¢e delivery and programme or project work These activities provide th¢ governance infra8tructur¢ which allows the thty to operate and to generate the ]nfOrntiOll required for publi¢ accountability. They include the strategic platining PTCQWS that contril)ute to the future development of the charity. £157,466 (2023 - £153,454) of the above expenditure was attsibutable to unrestricted fimds and £Nil (2023 - £Nil) to restricted fijnds. 13
The Learning Curve (Voluntary Sector Development) Notes to the Financial Statements for the Year Ended 31 March 2024 7 Analysls of goverDince and Support Support costs allocated to charitable actlvltles Governance Supprt costs Total 2024 2023 Provision of learning ¢)pportiJDities and Individual support 3,984 114,456 118,440 115,612 BASIS of allocation Referen¢e Method of allocation All support costs are incurred as part of the charitable activity, provision of lemiing opportunities and individual supporL and are therefore allocated to this in 11 Goyernanee costs Totsl 2024 Total 2023 GenerAI Independent examiner fees Examination of the financial statements 3,984 3,984 3,720 8 Trnytees remuneratlon and enSeS Hatmah Rendle has received £500 (2023 - £500) net remuneration from the parent company. No further trustees, nor any persons Connected with the have receive41 any remuneration from the clwity during the year. No furlherlrnstees bave received any Teimbursed expenses or any otlwbenefits from the charity during the year. 14
The Learning Curve (Voluntary Sector Development) Notes to the Financial Statements for the Year Ended 31 March 2024 9 Staff costs The aggregate payn)11 Costs were as follows: 2024 2023 Staff costs during the year Wages and salaries Social security costs Pension costs 16.789 248 61 16236 343 79 The monthly average number ofpeonS (including unpaid voluntary senior management team) employed by the charity during the year expressed as full time equivalents was as follows: 2024 No 2023 Provision of leaming OPPOTtunities and individual support No employee re¢eivcd ¢mohm]ents of more tban £60,000 during the year. 10 Independent examiner's remuner2thin 2024 2023 Examination ofthe financÈal stateDts 2,100 2,100 Other fees to emIller& All other assurdnce services 15
The Learning Curve (Voluntary Sector Development) Notes to the Flnancial Statements for the Year Ended 31 March 2024 11 T8Xatlon The clwity is a registered charity and 18 ther¢fore exempt from taxatio 12 T4Dglble fixed aylets re$ aDd C•mpute Totsl Cost At l Awil 2013 Additions 11,709 1,717 155 11.864 1,717 At 31 March 2024 13,426 155 13,581 Depreelatlon and Impalment At l April 2023 DepciatiOll charged in the ye4r 780 1,236 52 1288 At 31 March 2024 2.016 2,072 clg Amount At 31 M8wh 2024 11,410 11.509 At 31 March 2023 10,929 151 11.080 13 Debtors 2024 2023 22,532 17,078 1,090 Prepanents Trade Debtors 28,798 14 Cash gnd cash equlvalents 2024 2023 Cash at bank 16
The Learning Curve (Voluntary Sector Development) Notes to the Ffinanclal Statements for the Year Ended 31 March 2024 IS Credltors: amounts falllng due wlthkn one year 2024 2023 Trade creditors Due to group undertakings Other taxation and social security 973 6.749 1,762 5,392 18,725 4,152 33,289 Deferred income 16 Funds Balance at I April 2023 Incoming resources Resources eended Balance at 31 March 2024 Unrestricted funds General Balance at I Aprll 2022 Balance 2t 31 Mirch 2023 resources expended Ullregtrieted funds General 17
The Learnlng Curve (Voluntary Sector Development) Notes to the Financial Statements for the Year Ended 31 March 2024 17 Analysls of net aysets between funds 2024 U])restrleted funds General Total fund$ Fixed assets Current assets Current liabilities 11.509 196,559 (31,839) 11,509 196,559 (31,839) Total net assets 2023 Unrestsleted funds Total funds Fixed &8s¢ts 11,080 126,154 (39,203) 11,080 126,154 (39,203) Current liabilities Total net a&sets 18 Related Pydrty tran$2c¢lon& Dillg the year the charity madc the following Telated pty transactions: Eat That Frog CJ.C. (Parent company and sole member of The Learning Curve) During the pffiod the charity received donations of £10,000 (2023- £50,OLKI) from Eat That Frog C.LC. DLIng the period the charity paid managen]ent fees to Eat That Frog C.I.C. of £Nil (2023 - £Nil). At the balance sheet dat¢ the amount (h (toyfrom Eat That Frog C.I.C. was (£6,749) (2023 - £22,532). During the period Eat That Frog C.I.C has recharged the clwity (at cost) for various costs incurred by them on behalf of the charity. Eat Thvdt Frog SL (Company related to the Parent company) There are some TLC learners forwbich the Parent company inGurs costs from Eat That Frog SL and costs in the Parent compaay Eat That Frog C.I.C are covered by grants the Turing 8¢heme. 19 Parent and UlthDte parent undertaldng The parent is a C.I.C. and provid¢s training and education to the genernl public. The parent is the sole menther of the charitable company. The company's inunthte parent is Eat That Frog C.I.C., incorporated in Engl 18