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Charity Registration Number: Company Number: REPORT AND FINANCIAL
1105063 05067695 STATEMENTS FOR THE YEAR ENDED
315T MARCH 2024
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LAMBOURNE END LIMITED
Trustees Report for the year ended 315t March 2024
Page 2
CONTENTS
Page
Reference and administration
3
Trustees’ report
4-13
Independent auditors’ report
14-16
Statement of financial activities 17
Balance sheet 18
Cash Flow Statement 19
Notes to the financial statements 20-31
Page 2 of 31
LAMBOURNE END LIMITED Trustees Report for the year ended 315t March 2024 Page 3
Trustees/Directors:
Timothy Andrew Richardson (Chair) Andrew Green (appointed as Treasurer 6'" October 2023) Marianne Layburn Christopher James Paul Mathias Caroline Rouse Rachel Grimwood Co-Opted: Amanda Ridgwell (Appointed 17'" May 2024) Mike Cleary (Appointed 17'* May 2024) Resignations: Micah Jethro Gold (Resigned 6‘ October 2023) Gordon Thomas George (resigned 6th October 2023)
CEO & Company Secretary:
CEO & Company Secretary: Rob Gayler Registered office: Manor Road Lambourne End Essex RM4 1NB
Auditors:
Bank:
Price Bailey LLP 24 Old Bond Street London W1S 4AP Unity Trust Bank Nine Brindley Place Birmingham B1 2HB
Solicitors:
None appointed at present
Charity information:
Lambourne End Limited is both a company registered in England under Registration No. 05067695 and a registered charity under Registration No. 1105063.
Governing Deed:
Memorandum and Articles of Association
Page 3 of 31
LAMBOURNE END LIMITED Trustees Report for the year ended 31°t March 2024 Page 4
The Trustees, who are also the Directors for the purposes of company law, present their Annual Report and the audited financial statements for the year ended 31 March 2024 which have been prepared in accordance with the Statement of Recommended Practice — Accounting and Reporting by Charities and the Companies Act 2006 and FRS 102 (SORP) 2019.
STRUCTURE AND GOVERNANCE The Company was formed in 2004 originally with four members: Aston-Mansfield, who is the Trustee of the Lady Trower Trust, which owns the site, and three East London YMCAs (City, Forest and Hornsey — now North London YMCA). The Company is now directed by a Board of Independent Trustees which meets every other month, with the Chief Executive Officer (CEO), Minutes Secretary and other senior staff in attendance, as appropriate. The Board is responsible for ensuring good governance, setting direction, establishing policies and a business strategy and plan, which the Chief Executive Officer is responsible for implementing. Between meetings he draws on the particular expertise of individual trustees, as appropriate. In addition, the Chair meets with the CEO between Board meetings. The Board, whose members are the Trustees of the charity and Directors of the Company, consists of individuals who are passionate about and committed to the work of the Charity. One Trustee position is available for a nominated person by Aston Mansfield (a founding member organization and representing the Trower Trust). The collective experience of the Board is planned to cover the main functions of the Company (finance, human resources, marketing, etc.) whilst also bringing sector expertise such as health, education and corporate. The Board continues to explore how to bring new faces and expertise into the governance of the charity at what is an important stage of its development and any trustee vacancies are advertised widely. Appointed board members are provided with the Charity Commission roles and responsibilities ofatrustee, undertake an induction with the CEO, policies and operational procedures for the governance of the charity and meet DBS and safeguarding requirements.
The Board operates effectively through other working groups/committees — fundraising and marketing; human resources; strategic planning; user forum. AIMS AND PUBLIC BENEFIT
The company’s charitable objects are: 1. To provide or assist in the provision of facilities for people of all ages with the object of improving their conditions of life and in the interests of their spiritual, moral, social, educational and physical welfare and to build the skills and capacities of people and communities. 2. To provide educational opportunities for people of all ages including environmental and conservation matters. 3. To provide or assist in the provision of relief from poverty. 4. To promote, or assist in the promotion of, understanding between Christianity and all faiths. The Trustees believe that all these objects inherently contribute public benefit. Although fees are charged for services rendered, the Company raises funds that subsidise the true cost of provision, thus enabling more underprivileged children and young people to participate. Corporate client groups engaging in Corporate Social Responsibility represent only a very small percentage of the groups using the Centre and although their employers benefit indirectly, the primary beneficiaries remain the individual, and the Centre, as they complete much needed work to assist its charitable work. The Trustees confirm that they have complied with their duty to have regard to the public benefit guidance published by the Charity Commission and in accordance with section 17 of the Charities Act 2011.
The main aim of activities is to promote personal and social development opportunities for children and young people predominantly from London and Essex in an outdoor setting. This is achieved through the provision of a growing range of challenging outdoor activities and learning programmes, and increasingly through the provision of targeted alternative education services to support local schools and authorities and to provide short break opportunities for people with disabilities or additional needs.
The Centre continues to build a strong reputation for delivering programmes over a longer term with key clients that have a profound impact on the lives of young people, raising their confidence, self-esteem, work skills and motivation.
Page 4 of 31
LAMBOURNE END LIMITED Trustees Report for the year ended 315t March 2024 Page 5
OVERVIEW
This year has seen the charity continue to build on its strong performance and reputation.
We have seen unprecedented levels of need amongst young people (and adults) for help and support for mental health issues, alongside genuine concern amongst schools for how they can address many of these needs. For a number of years, we have known that most mainstream schools and organisations are often less well equipped to tackle the huge variety of issues that they are facing around anxiety amongst their students, extremes of behaviour, reducing budgets and staff under pressure. We have seen considerable rise in requests for our services as schools and local authorities see the real benefits of holistic learning using the outdoors.
The Centre has been operating near to full capacity for this past year based on our staff levels and our physical infrastructure which means that we are turning away genuine enquiries at levels that we would rather not be. This past year has seen us welcome a huge variety of groups and individuals by offering impactful programmes and events consistent with levels of previous years. Our success measures around financial performance have seen us deliver a small surplus based on stable levels of turnover. Our income this year was less than the previous year owing to having received a generous legacy in that year. Our costs have increased largely due to our policy of a revision to staff salaries across the whole team following our detailed benchmarking activity. This added around £100k to our cost base but this was budgeted for by the Board and reflects our desire to continually ‘up our game’ as a charity.
Our measure of success around impact has seen us produce our first detailed “Impact Report’ highlighting numbers of individuals and groups benefiting from their experiences at the centre. These two measures of success continue to encourage us that we are doing great work at the Centre. During the year, the Board took the decision to invest in a significant push to raise our profile and seek to raise large sums that can be used to add to our infrastructure and in so doing, allow us to increase our capacity to meet some ofthe pentup demand for our services. This led to a major exercise to build a powerful case for support built around the impact we have on young lives and some of the incredibly inspiring stories that have come out of their experiences with us. This is an ongoing project that the Board is fully supporting, one key milestone being a major fundraising event staged at the House of Lords in April 2024. The Board wants to express its sincere thanks to our friend Lord Bailey of Paddington for convening this event which was well received. The ongoing work now for the Board and the Centre team is to keep the momentum going and follow through on expressions of interest.
At the end of this financial year, the Centre is in a strong financial position. To maintain and grow income, this coming year will see us revisit our pricing model and continue to manage costs prudently. The charity has now achieved levels of reserves that we have aspired to for some time and in line with our objectives. The trustees consider the charity to be in a healthy position with strong foundations and management that will enable future sustainability and growth.
In comparison to 31% March 2023 : e Annual income decreased from £1,370,365 to £1,261,526 e Expenditure increased from £1,004,972 to £1,247,109 e Reported a surplus of £14,417 compared to £365,393 The Board considers Lambourne End Ltd to be very well positioned to continue to deliver great services and cement its strong brand locally in East London and Essex, and develop a wider reputation.
The Centre’s strategy has the following streams: 1. Continue to focus on maintaining and developing programmes that meet the evolving needs of our communities and young people in particular. 2. Proactively push to increase our capacity to be able to meet our demand through promoting our message, evidencing our impact, and investing in improvements to the site and facilities. 3. Seek to attract, develop and retain high calibre people to lead and work at the Centre. The charity maintains its accreditations for British Activities Providers Association (BAPA), Adventure Mark, Learning Outside the Classroom (LOtC) and meeting the code of practice for green care. It continues to be a City and Guilds Page 5 of 31
It continues to be a City and Guilds
LAMBOURNE END LIMITED Trustees Report for the year ended 315t March 2024 Page 6
approved Centre and has once again renewed its OFSTED registration for the delivery of holiday schemes for young people with disabilities.
FEEDBACK AND MONITORING
Each year we like to include some comments and feedback that we have received during the year as well as some facts and figures for the work we have delivered as an affirmation of how we are doing. 28 KK KK
“Dear Lambourne End staff, Just WOW! Staff and pupils had the most amazing day yesterday. Not enough words to describe the fabulousness of your staff, facilities and surroundings.
Our students have come away with memories for a lifetime — just so special. It’s been a tough few months for them following the death of Daniel Anjorin, and to see them all so happy yesterday was heartwarming. We will definitely look to continue our visits to you but in the meantime if you need any support or a workforce to help with anything then please just ask. Happy to send groups of students and staff to help with maintenance around the grounds or fundraise for site improvements etc.
Kind regards,
Jo Fryer-Green Head of L4th (Year 9)
Bancrofts School”
2K 2K KK The best thing about the Family Fun Day was.... “Allowing my children to enjoy multiple different experiences with us in an environment where people make no judgements and where no type of behaviour is viewed as unacceptable or abnormal! | am taken aback with the attentiveness, kindness and helpfulness of every single member of staff on this day out! In future | won’t be anxious about bringing my children here; the kindness and love has been overwhelming. Thank you.”
2K 2K KK
“Good morning,
We wanted to send an email to extend our thanks to your fantastic team after our stay with you last week. All the children (and staff) had a brilliant experience at Lambourne End! Everything was so well organized and all the activities were engaging and enjoyable for all our learners. But what was so incredible was your staff — | believe every single child came away from the trip having done something they may have been scared of previously. There were many times when some of our children were nervous; your team were patient and understanding and managed to help the children conquer their fears — which was incredible to see. I’m sure our Roding children will carry the happy memories of their first residential for many years to come and that is thanks to the inclusive, welcoming team spirit you have created at Lambourne End. Please pass this message onto the team; their hard work did not go unnoticed — there are too many people to mention... ...but a special shout out to Dave, David and lan who so many of the children talked about after completing activities and who the children became so fond of in a short space of time! See you next year,
Teachers at Roding Primary”
Page 6 of 31
LAMBOURNE END LIMITED Trustees Report for the year ended 315t March 2024 Page 7
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Income by Programme
Currently, under 10% of our total income is obtained from fundraising and donations, meaning that over 90% of our
income is generated from our educational programmes utilised by councils, schools, groups and individuals.
Income by programme
Fundraising&
Donations, £107,117,
9%
Food For Thought,
£229,944, 18%
| Hands On, £78,143, 6% | ere
Farm & Environment,
£92,084,7%
Lambourne End Centre
facilities, £150,590,
12%
Learning Programmes,
£279,755, 22%
Surplus / Deficit by Programme
Overheads are allocated based on employees in each class, the farm does not cross charge Food for Thought, Hands On
and Learning Programmes for the use of the Farm facilities. Overall, in 2024 we made a surplus of £14,417.
£324,144 Surplus/Deficitplus/ byi Programme
£350,000 £323,893 |
£300,000 £279,755
£250,290
:
£250,000 a £279,984£207,032|
£200,000 £155,423
£165,983
£150,000 £75,800 £150,590
£107,117 £68,437
£100,000 £92,084 £78,143
£50,000
£0
Fundraising & Adventure Acivities Learming Programmes Lambourne ntre Farm & Environment Hands On Food For Thought
-£50,000 Donations facilities
-£100,000
Gam income M@mmExpense ——Surplus/Deficit
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Page 7 of 31
LAMBOURNE END LIMITED Trustees Report for the year ended 315t March 2024 Page 8
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Sales Over £10,000 2023/24
Hopewell School, £10,800 ‘
Oaks
Newham Dockside,Park High £11,250School, £10,895 | Five Rivers Child Care, £10,545
ILA, £11,415,
Adventure LB Havering/Havering
Academy Summer , £14,611 apap tas
Bower Park School, £15,660__
Blackfen School for Girls, £16,880
Watford Boys Grammar School,
£22,120
New Rush Hall School, £22,840[> .
West Hatch High School, ——~
£23,005
Drapers' Academy, £25,710.
Tunmarsh School,£29,700. . students,
£98,005
St John's RC School, 35,330
SOover it |
ENEEDS LB Redbridge, £93,115
Sales Over £10,000 2022/23
Credit Suisse Securities (Europe) Ltd, £12,360 Chigwell school, £11,280
Hopewell Independent School, £16,610,
New Rush Hall School, £17,790
Watford Boys Grammar School, £18,240 LB Havering/Havering
~“ CAD, £147,316
West Hatch High School, £18,280
Beacon Communication
School, £20,045
Adventure Academy Sum
£21,269
Essex County Council, £23,447 ;
The Sandon School, £24,000
LB
Drapers'\ Redbridge,
Academy, £25,225 £75,766
Bower Park School, £25,395.
Tunmarsh School, £33,355 Private students,£44,230
Sales over 10K Apr 2022- Mar 2023 I
St John's RC School, £59,655
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e = Giant Bicycles
e = National Lottery
e = ArthurJ Gallagher Community Fund e = Tallow Chandlers' Benevolent Fund
LAMBOURNE END LIMITED Trustees Report for the year ended 315t March 2024 Page 11
FINANCIAL REVIEW
Financial year 1st April 2023 to 31st March 2024 is referred to as “2024” and financial year 1st April 2022 to 31st March 2023 is referred to as “2023”.
The total income was £1,261,526 (2023 £1,370,365). Expenditure rose to £1,247,109 (2023: £1,004,972). The CEO continues to oversee careful controls of all expenditure and wise stewardship of the funds often generously raised and given. This trading performance resulted in a surplus of £14,417 (2023: Surplus £365,393) in general funds. Our cash position is healthy. Again, we have been able to fund some refurbishments from our own funds rather than through fundraising support. The charity did not receive any legacy donations in 2024. Expenditure levels rose as predicted, due to a full year of new staffing structures and salary uplifts and inflationary pressures. The centre is running at capacity and the teams are working closely with clients to achieve appropriate inflationary increases. Much of the work planned to improve the site and facilities will require investment from our generated surplus. As explained earlier the Board is running a separate project to increase capacity. The Board expects that the Company will make small surpluses or breakeven for the coming financial years.
The trustees consider the charity to be in a healthy position financially.
RESERVES
The Company’s reserves policy is aimed at building reserves to a level of six months expenditure, necessitated largely by the peaks and troughs in revenue income, although we do not experience these fluctuations as a result of careful product and service portfolio management. Total funds at 31 March 2024 were £1,295,290 (2023: £1,280,873) of which £79,574 is related to restricted funds (2023: £56,755).
The monthly running costs total approximately £100,000 per month and it has been agreed to keep a minimum of 31/2 months running costs available in instant access accounts, £350,000.
The Board is well aware that we need a keen pricing policy that represents great value for money whilst also acknowledging our reputation and quality provision. The CEO is charged to ensure that the full cost of delivering the service is recovered. Future new projects should further spread the support costs, in turn reducing the unit cost of all programmes and hopefully will provide additional income streams.
RISK ASSESSMENT
The risk review has been updated and the Board is satisfied that undesirable risks associated with running an adventure centre and farm are managed appropriately. The comprehensive business risk review currently identifies 63 separate risk and categorizes them by: e =Environment e Financial e Health and Safety — The risk of a significant accident on-site; this is mitigated by having all activities on site risk assessed with operational procedures for each, including extensive staff training and observations. All processes are checked externally as part of the Charities accreditation with BAPA, Adventure Mark, Learning Outside the Classroom and the Code of Practice for Green Care. e Operational — In trying to meet the increased demand there is a risk of overstretching the capacity of the centre, which could result in a decline in quality of delivery and loss of reputation. This risk is mitigated with clear strategic objectives to prevent this happening.
e Personnel - Currently the board considers this the most significant risks to business are retaining key personnel and recruiting staff. Implemented staff restructure, salary evaluations and salary uplift to aid recruitment and retention. e = Physical Disaster e ~=Regulation e = Strategic Page 11 of 31
LAMBOURNE END LIMITED
Trustees Report for the year ended 315t March 2024 Page 12
Rating them on a scale of intolerable, undesirable, tolerable. All risks are owned by the Board and key management personnel predominantly the CEO. All risks have actions identified to be taken or completed and the risk review is presented to the Board annually using a RAG rating system. This allows for monitoring of outstanding actions.
KEY MANAGEMENT ROLES
The Board remains proactive in planning for resourcing key roles in the charity. These are deemed to be CEO, Programmes Manager, Site and Facilities Manager, Finance Manager and the Fundraising and Marketing Co-ordinator, Pay and remuneration for all roles is benchmarked against the sector and the Human Resources Sub Committee reviews this annually and makes recommendations to the Board for approval.
Page 12 of 31
T A Richardson (Chair):
23 Oct 2024
Tim Richardson (Wed, 23rd Oct 2024 17:34:25 BST)
23 Oct 2024
Andrew Green (Wed, 23rd Oct 2024 20:40:53 BST)
LAMBOURNE END LIMITED Trustees Report for the year ended 315t March 2024 Page 14
Independent Auditor’s Report to the Members of Lambourne End Limited Opinion
We have audited the financial statements of Lambourne End Limited (the ‘charitable company’) for the year ended 31 March 2024 which comprise the Statement of Financial Activities (including income & expenditure account), the
Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements:
e give a true and fair view of the state of the charitable company’s affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; e have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and e have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical 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. Conclusions relating to going concern
In auditing the financial statements, we have concluded that 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 the charitable company'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. Other information
The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit:
e the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and e the directors’ report has been prepared in accordance with applicable legal requirements. Page 14 of 31
LAMBOURNE END LIMITED
Trustees Report for the year ended 315t March 2024 Page 15
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course
of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
e adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
e the financial statements are not in agreement with the accounting records and returns; or e certain disclosures of directors’ remuneration specified by law are not made; or e we have not received all the information and explanations we require for our audit; or e the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.
Responsibilities of trustees As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We gained an understanding ofthe[legal][and][regulatory][framework][applicable][to][the][Company][and][the][sector][in][which] it operates and considered the risk of the Company not complying with the applicable laws and regulations including fraud; in particular those that could have a material impact on the financial statements, including financial reporting. In relation to the operations of the Company this included compliance with the Charities Act 2011 and Companies Act 2006. The risks were discussed with the audit team and we remained alert to any indications of non-compliance throughout the audit, We carried out specific procedures to address the risks identified. These included the following: - Review of legal fees incurred; - Reviewing minutes of Trustee Board meetings; - Agreeing the financial statements disclosures to underlying supporting documentation; - Enquiring of management including those charged with governance; - Reviewing key accounting policies and estimates. We also assessed management bias in relation to the accounting policies adopted and in determining significant accounting estimates.
Page 15 of 31
31 October 2024
LAMBOURNE END LIMITED Trustees Report for the year ended 315t March 2024 Page 17
LAMBOURNE END LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (incorporating the Income and Expenditure account) FOR THE YEAR ENDED 31 MARCH 2024
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Notes Unrestricted Restricted Total Total
Funds Funds 2024 2023
£ £ £ £
INCOME:
Donations & Legacies 2 28,707 - 28,707 120,101
Charitable activities:
Adventure Acivities 3 323,893 47,960 371,853 377,828
Learning Programmes 3 279,755 - 279,755 309,947
Lambourne End Centre facilities 3 150,590 22,750 173,340 145,267
Farm & Environment 3 92,084 4,700 96,784 97,649
Hands On 3 78,143 - 78,143 108,207
Food For Thought 3 229,944 3,000 232,944 211,366
TOTAL INCOME 1,183,116 78,410 1,261,526 1,370,365
EXPENDITURE:
Raising funds:
Donations 55,706 - 55,706 37,146
Charitable activities:
Adventure Acivities 324,144 13,215 337,359 293,240
Learning Programmes 250,290 - 250,290 259,484
Lambourne End Centre facilities 155,423 - 155,423 112,905
Farm & Environment 165,983 3,879 169,862 100,694
Hands On 68,437 - 68,437 60,936
Food For Thought 207,032 3,000 210,032 140,567
TOTAL EXPENDITURE 7 1,227,015 20,094 1,247,109 1,004,972
Net incoming resources before transfers 4 (43,899) 58,316 14,417 365,393
Transfers between funds 35,497 (35,497) - -
Net movement in funds (8,402) 22,819 14,417 365,393
Funds brought forward 1,224,118 56,755 1,280,873 915,480
FUNDS AT 31st MARCH 2024 1,215,716 79,574 1,295,290 1,280,873
All amounts relate to continuing operations. There were no other recognised gains or losses in the period.
The notes on pages 20-31 form part of these accounts.
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Page 17 of 31
23 Oct 2024
T A Richardson
Tim Richardson (Wed, 23rd Oct 2024 17:34:25 BST)
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23 Oct 2024
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Andrew Green (Wed, 23rd Oct 2024
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LAMBOURNE END LIMITED
Trustees Report for the year ended 315t March 2024
Page 19
LAMBOURNE END LIMITED
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024
2024 2023
£ £
Cash flows from operating activities (283,791) 471,028
Cash flows from investing activities
Interest income 3,701 1,831
Purchase oftangible fixed assets (140,586) (197,316)
Cash (used in) investing activities (136,885) (195,485)
Increase in cash and cash equivalents in the year (420,676) 275,543
Cash and cash equivalents at the beginning of the year 812,027 536,484
Cash and cash equivalents at the end of the year 391,351 812,027
NOTES TO THE CASH FLOW STATEMENT 2024 2023
£ £
Reconciliation of Net Income to Net Cash Flow from Operating Activities
Net income for the reporting period 14,417 365,393
Decrease/ (Increase) in debtors (11,584) 55,964
Increase/ (Decrease) in creditors 9,784 8,614
Interest received (3,701) (1,831)
Add back Depreciation charge 66,806 51,392
Gains/ (Losses) on Disposal of tangible fixed assets - 1,791
Transfer to short-term investments (355,000) -
Decrease/ (Increase) in Stock (4,513) (10,295)
Net cash (used in)/provided by Investing Activities (283,791) 471,028
Analysis of Cash and Cash Equivalents
Cash at bank and in hand 391,351 812,027
Analysis of Net Debt:
Cash at bank and in hand as at 1 April 2023 812,027 536,484
Cash flows (420,676) 275,543
Cash at bank and in hand as at 31 March 2024 391,351 812,027
The notes to the accounts are shown on pages 20-31 and form part of these financial statements.
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LAMBOURNE END LIMITED Trustees Report for the year ended 31°t March 2024 Page 20
LAMBOURNE END LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
- ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
1.a. Basis of preparation The financial statements for Lambourne End Limited of Lambourne End Centre Manor Road, Lambourne End, Romford, Essex, RM4 1NB, a charitable private company limited by guarantee, incorporated in the United Kingdom. The accounts are presented in Great British Pounds and shown to the nearest one pound. 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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Lambourne End Ltd 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 note(s). 1.b. Going Concern As stated previously, the surplus for the year results in a closing unrestricted funds balance of £1,215,716 compared to £1,224,118 for 2023. Future bookings and commissions suggest that our work will continue at existing rates and budgets and rolling one year cash flow forecasts which have been produced to reflect this. These are reviewed monthly and presented to the Board bi-monthly. Based on the current budget at the time of agreeing these accounts the Centre’s cash flow forecast profiled a balance of circa £736,000 as of 1st September 2025 (assuming that maturing short term investments are converted to cash). Therefore, based on all the evidence available to them, the Board of Trustees believe the charity is a going concern for the foreseeable future.
1.c. Critical accounting judgements and estimates In preparing these financial statements, management has made judgements, estimates and assumptions that affect the application of the charity’s accounting policies and the reported assets, liabilities, income and expenditure and the disclosures made in the financial statements. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No critical accounting judgements and estimates were considered to have been made in the preparation of the financial statements (2023: none).
1.d. Fund accounting Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the trustees in furtherance of the general charitable objectives. Designated funds are amounts that have been set-aside at the discretion of the Trustees. Restricted funds comprise monies raised for, and their use restricted to, a specific purpose, or donations subject to donor-imposed conditions. The Company allocated £270,000 from General funds to Designated funds. £170,000 is designated as an operational contingency to provide funds to support the charity should a major economic event occur that has adversely impacted cashflow. Additionally, £100,000 is designated as a repairs & maintenance contingency which can be utilised to support “rebuilding” should an environmental event occur causing significant damage to the site and facilities.
1.e. Income recognition All income is recognised once the charity has entitlement to income, it is probable that income will be received and the amount of income receivable can be measured reliably.
1.f. Donations and gifts
Donations and gifts are included in full in the period in which they are received. Page 20 of 31
e _ Fixed structures - A new lease was signed with effect from 1°t July 2015 for 30 years, therefore fixed structures
LAMBOURNE END LIMITED
Trustees Report for the year ended 315t March 2024 Page 22
LAMBOURNE END LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024
- ACCOUNTING POLICIES (continued)
1.p. Financial Instruments The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognized at transaction value and subsequently at their settlement value. Fixed assets are recorded at depreciated historical cost and all other assets and liabilities are recorded at cost which is their fair value.
1.q. Legal status of the charity The charity is a private company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member ofthe[charity.][As][at][31][March][2024] there were 7 members (2023: 9). The charity was incorporated within England and Wales, and the registered address is Lambourne End Centre, Manor Road, Lambourne End, Essex, RM4 1NB.
Employee benefits:
1.r. Short term benefits Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.
1.s. Employee termination benefits Termination benefits are accounted for on an accrual basis and in line with FRS 102.
1.t. Pension scheme Currently only four staff are on the defined contribution pension scheme operated by Lambourne End Ltd for their benefit. The assets of the scheme are held independently from those of Lambourne End Ltd in an independently administered fund. Other employees who are eligible under auto-enrolment are on the new scheme which started in 2018-19. The pensions costs charged in the financial statements represent the employer’s contributions payable during the year. TPT Retirement Solutions estimated pension debt on withdrawal at 30th September 2023 is £1,542.
1.u. Operating Leases Expenditure on operating leases is accounted for on a straight-line basis over the lease duration.
2 DONATIONS & LEGACIES
2024 2023 £ £
Unrestricted Donations (from individuals inclusive of Gift Aid) 28,707 11,365 Legacies - 108,736 28,707 120,101
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LAMBOURNE END LIMITED
Trustees Report for the year ended 31°t March 2024
Page 23
LAMBOURNE END LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024
3. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
£ £
Adventure Activities 371,853 377,828
Learning Programmes 279,755 309,947
Lambourne End Centre Facilities 173,340 145,267
Farm & Environment 96,784 97,649
Hands On Programme 78,143 108,207
Food For Thought 232,944 211,366
1,232,819 1,250,264
Restricted income from charitable activities in the year amounted to £78,410 (2023: £107,427)
4. NET INCOME FOR THE YEAR
2024 2023
£ £
This is stated after charging:
Depreciation 66,806 51,392
Auditors’ remuneration - Audit fee 12,180 11,145
5. EMPLOYEES AND STAFF COSTS
2024 2023
£ £
Staff costs were as follows:
Wages and salaries 729,448 588,186
Social security costs 57,447 40,895
Pension costs 21,498 16,855
Other staff costs 8,459 10,058
816,852 655,994
No member of staff received remuneration exceeding £60,000 during the period (2023: nil).
Total employee benefits of the key management personnel of the Trust were £329,796 (2023: £252,301). There were no
redundancy or termination payments in the year (2023: £nil). The management team ofthe charity are considered to be
the; CEO, Programmes, Site and Facilities and Finance Managers, Fundraising & Marketing, Adventurous Activities, Farm,
Learning Programmes and Food For Thought, Coordinators.
Staff Numbers: 2024 2023
The weekly average number of employees was:
Full-time 23 21
Part-time (Full-time equivalent) 7 9
30 30
6. TRUSTEES' REMUNERATION AND REIMBURSED EXPENSES
No trustee received remuneration for his or her services during the period (2023: no trustees).
Two trustees were reimbursed expenses totaling £295 for travel, accommodation and printing during the period
(2023: Enil) and no training costs were incurred (2023: fnil).
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415,350 ~~415,350~~
438,183
LAMBOURNE END LIMITED Trustees Report for the year ended 315t March 2024 Page 26
LAMBOURNE END LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024
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9. DEBTORS
2024 2023
£ £
Accounts receivable 92,323 93,293
Accrued income 11,842 382
Prepayments 8,528 7,434
112,693 101,109
10. Investments in short term deposits
Investments in short term deposits totaling £355,000 (2023: £nil) are interest-bearing bank deposits with notice terms
of between four and twenty-four months.
11. CREDITORS: amounts falling due within one year
2024 2023
£ £
Other creditors & accruals 91,692 95,023
Fees in advance 61,215 49,097
Other Tax & social security costs 2,220 1,900
Wellgate 22,081 21,404
177,208 167,424
Movement in deferred income is as follows:
2024 2023
£ £
Deferred income brought forward 49,097 41,798
Released from prior years (49,097) (41,798)
Income deferred 61,215 49,097
61,215 49,097
Deferred Income relates to fees received in advance.
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LAMBOURNE END LIMITED
Trustees Report for the year ended 31°t March 2024
Page 27
LAMBOURNE END LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024
12. FUNDS
Balance at Balance at
31 March 31 March
2023 Income Expenditure Transfers 2024
£ £ £ £ £
General Funds 1,224,118 1,183,116 (1,227,015) 35,497 1,215,716
Restricted Funds
Adventure Activities:
Activity equipment:
- Essex CC - Equipment/ Minibus 386 - - - 386
- Percy Bilton Charity 451 - - - 451
Sub Total 837 - - - 837
Ernest Cook - OWLs 32,000 31,760 (12,505) - 51,255
Boshier Hilton - Crossbow 2,000 - (710) - 1,290
Mountain Bikes:
- Mt Bikes: - - - (16,200) (16,200)
- Mt Bikes: Jack Petchey - 1,500 - - 1,500
- Mt Bikes:Essex CC - 8,000 - - 8,000
- Mt Bikes:Hedley Foundation - 3,500 - - 3,500
- Mt Bikes:St Neots Rotary Club - 200 - - 200
- Mt Bikes:Tallow Chandlers Fund - 2,500 - - 2,500
- Mt Bikes:Will Nieww CT - 500 - - 500
Sub Total - 16,200 - (16,200) -
Farm & Environment Improvements:
Jack Petchey - Volunteers 3,921 3,700 (2,525) (1,000) 4,096
Rotary Club- Farm project 171 - (171) - -
Bee Keeping / Apiary:
- Postcode Local Trust 969 - (969) - -
- Rotary Club (Leytonstone & Woodford) 305 - (214) - 91
Sub Total 1,274 - (1,183) - 91
Pony Equipment - 1,000 - (1,000) -
Food For Thought:
Garden Improvements 2,000 - - - 2,000
Nineveh Trust - Staff Cost Contrib - 3,000 (3,000) - -
Facilities:
Minibus Lottery Grant - 20,000 - - 20,000
Pine Classroom
- Attkins - Classroom 13,121 - - - 13,121
- Bowden & Bradley - Classroom 300 - - - 300
- Crowdfunder - Classroom 1,126 250 - - 1,376
- Ernest Young Trust- Classroon - 2,500 - - 2,500
- New Classroom refurb - - - (17,297) (17,297)
Sub Total 14,547 2,750 - (17,297) -
Small Balances remaining 5 - - - 5
Total Restricted Funds 56,755 78,410 (20,094) (35,497) 79,574
TOTAL (General + Restricted Funds) 1,280,873 1,261,526 (1,247,109) - 1,295,290
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LAMBOURNE END LIMITED Trustees Report for the year ended 315t March 2024 Page 28
LAMBOURNE END LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024
Funds Commentary General Funds, refer to note “1.d. Fund accounting” for further explanations.: The main movements in Restricted funds were as follows: Ernest Cook Funding to run Outdoor Weeks of Learning (OWL's) for 60 young people from disadvantaged backgrounds, who have very little opportunity to access the countryside and connect with nature. The fund was not fully utilised and the funder agreed to carry balances to the next financial year. Mountain Bikes Thirty new mountain bikes for all age ranges were provided by six funders. Minibus A grant from the national lottery was received for a ULEZ compliant mini bus. Pine Classroom Funding to refurbish a modular building has now been spent and the project completed, the modular building has been named the “Pine Classroom”. 13. ANALYSIS OF NET ASSETS
General Designated Restricted Fund Fund Fund Total 2024 Total 2023 £ £ £ £ £ Tangible fixed assets - 578,625 - 578,625 504,845 Current assets 544,299 270,000 79,574 893,873 943,452 Current liabilities (177,208) - - (177,208) (167,424) Net Assets 367,091 848,625 79,574 1,295,290 1,280,873 14. RELATED PARTY TRANSACTIONS The charity employs 3 close connections of the CEO (a member of key management) — one in a full-time role (28 hours per week) and the others in seasonal employment. All roles are approved by Trustees and salary rates set by the board in line with other similar positions and without the influence of the CEO. There were no other related party transactions (2023: none). 15. TAXATION Lambourne End Limited is a registered charity and therefore is not liable to income tax or corporation tax on income or gains derived from its charitable activities, as they fall within the various exemptions available to registered charities. 16. LIABILITY OF MEMBERS The charity is constituted as a company limited by guarantee and has no share capital.
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LAMBOURNE END LIMITED Trustees Report for the year ended 315t March 2024 Page 29
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17. PENSION COMMITMENTS
The charity operates a defined contributions pension scheme. Pension costs for the period have been charged at
£17,940 (2023: £16,855), as outlined above. The year-end pension creditor is £nil (2023: Enil).
18. COMMITMENTS
The charity classifies its photocopier as an operating lease, and fees payable are accrued ona straight-line basis
over the term ofthe lease. Total future minimum lease payments and charges under non-cancellable operation
leases are as follows:
2024 2023
£ £
Witin 1 year 3,564 3,564
Between 1 and 5 years 5,376 8,940
At 31 March 8,940 12,504
19. COMPARATIVE ANALYSIS OF NET ASSETS
General Designated Restricted
Fund Fund Fund Total 2023
£ £ £ £
Tangible fixed assets - 504,845 - 504,845
Current assets 902,534 - 40,918 943,452
Current liabilities (167,424) - - (167,424)
Net Assets 735,110 504,845 40,918 1,280,873
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40,000
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Trustees Report for the year ended 315t March 2024 Page 31
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LAMBOURNE END LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024
20 COMPARATIVE FUNDS (continued)
Balance at Balance at
31 March 31 March
2022 Income Expenditure Transfers 2023
Farm & Environment Improvements:
Jack Petchey - Volunteers 2,125 4,945 (3,149) - 3,921
Rotary Club- Farm project 171 - - - 171
Bee Keeping / Apiary:
- Postcode Local Trust 969 - - - 969
- Rotary Club (Leytonstone & Woodford) 535 - (230) - 305
Sub Total 1,504 - (230) - 1,274
Permaculture - 50 (50) - -
Food For Thought:
Garden Improvements 2,000 - - - 2,000
Support Projects:
Reaching Out initiatives:
- AWA (Awards for All) 951 - - (951) -
Facilities:
Attkins - Classroom - 13,121 - - 13,121
Bowden & Bradley - Classroom - 300 - - 300
Crowdfunder - Classroom - 1,126 - - 1,126
Sub Total - 14,547 - - 14,547
Small Balances remaining 5 - - - 5
Total Restricted Funds 72,591 107,427 (56,637) (66,626) 56,755
TOTAL (General + Restricted Funds) 915,480 1,370,365 (1,004,972) (0) 1,280,873
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