LEEDS FAITH IN SCHOOLS
ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024
COMPANY REGISTRATION No: 04843253
CHARITY REGISTRATION No: 1106036
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page 3 Legal & Administrative Information. Pages 4 to 8 Report of the Directors. Page 9 Independent Examiner's Report on the Accounts. Page 10 Statement of Financial Activities. Pages 11 Balance Sheet. Page 12 - 17 Notes to the Financial Statements.
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1106036
COMPANY REGISTRATION NUMBER 04843253 DATE OF INCORPORATION 23rd July 2003 START OF FINANCIAL YEAR 1st September 2023 END OF FINANCIAL YEAR 31st August 2024 DIRECTORS AT 31ST AUGUST 2024 Revd Mark Harlow (Chair) Graeme Collins Naomi Griffiths-Littlechild Ann Nicholl Emma Chadwick Appointed 16.7.24 PRINCIPAL STAFF Ben Cordy
GOVERNING DOCUMENT
Memorandum and Articles of Association Incorporated 23rd July 2003 as amended by Resolution dated 21st January 2008.
OBJECTS
The objects are for the benefit of young people in Leeds and the surrounding areas:
- To advance education. 2. To provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving their conditions of life. The objects shall be pursued in accordance with the Christian Principles set out in the Statement of Faith in the schedule to the articles.
WEBSITE
www.lfis.org
REGISTERED ADDRESS The Cottage Raynel Drive Leeds West Yorkshire LS16 6BS BANKERS Unity Trust Bank plc The Co-operative Bank plc Nine Brindley place PO Box 101 4 Oozells Square 1 Balloon Street Birmingham Manchester B1 2HB M60 4EP
INDEPENDENT EXAMINER K Gomes Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
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LEEDS FAITH IN SCHOOLS
DIRECTORS’ AND TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
The company was incorporated on 23 July 2003 under the Companies Act 1985 as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.
On 1 August 2003 the remaining net assets of the unincorporated charity 'Leeds Faith in Schools' were transferred to the company. The transfer was in accordance with the unincorporated charity's constitution and a resolution to transfer the funds had been signed by the trustees.
During the following year the company applied for charitable status and on 24th September 2004 the charity became registered with the Charity Commission in England and Wales. All the directors of the company are also trustees of the charity. The trustees who served during the year under review and to date are set out on page 3. Under the articles of association at the AGM one third of the directors, who are subject to retirement by rotation, shall retire from office.
The trustee body comprises practising Christians from a wide breadth of Church traditions. The organisation is non-denominational. The skill base of the trustee body is regularly reviewed. Where a need for additional skills is identified, recruitment is undertaken on an informal basis via the Christian community in Leeds. Prospective trustees are interviewed at a trustees meeting. An induction pack is given to new trustees highlighting their responsibilities for the organisation.
The trustees meet bi-monthly to review the activities of the organisation. All trustees give their time voluntarily. Any expenses reclaimed by trustees from the charity are set out in note 7 to the accounts.
The directors have implemented a risk management strategy which comprises:
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An annual review of the risks which the charity may face;
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The establishment of systems and procedures to mitigate those risks identified; and
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The implementation of procedures designed to minimise any potential impact on the charity should any of those risks materialise.
ACTIVITIES
The focus of our work
Leeds Faith in Schools continues to operate under the mission statement: "Good News to the young people in the High Schools of Leeds." We believe that partnering with school senior leaders, staff, and young people is the most effective way to achieve our goals. Our model involves individual youth and schools workers delivering a wide range of activities in schools. This approach allows us to remain a flexible and professional resource for schools, providing the local church with an effective way to care for and invest in the lives of young people in Leeds.
Schools Ministry
Our schools workers contribute to many areas of school life, including:
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Pastoral: Supporting young people to live their lives in fullness (John 10:10), through the provision of targeted support for young people facing the storms of life our team facilitate 1 to 1 mentoring, group mentoring such as boys and girls self esteem groups and many other supportive activities. This support addressing a wide range of issues from self-esteem, anger management, friendships and relationship through to more challenging needs such as self-harm, suicidal ideation and family breakdown.
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Educational: We contribute to schools' SMSC (spiritual, moral, social, and cultural) development and enhancing the spiritual growth of young people. Through engaging lessons, assemblies and prayer experiences we work to bring important topics and faith to life. Working in coles partnership with RS teams in our school and bringing a personal perspective to key parts of the curriculum we hope to engage young
people in the consideration of life’s big questions. We also contribute to the PSHCE programmes within our schools, bringing a faith perspective to key global issues and helping young people to reflect on and wrestle with their global value.
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Recreational: In recognition of the importance of belonging and community our team work to create safe places for all young people to feel part of something bigger than themselves. These take various forms including fun youth group style lunch clubs, Christian Union groups looking to support young people in their faith and after school community based youth groups.
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Other: Crucially rather than the delivery of a fixed ‘product’ of ‘programme’ we seek to work responsively with our school partners, providing support where it is needed and developing new resources and initiatives in response to these needs. In the past year this has included leading year group retreats, faith centric school residential weekends and local school pilgrimages.
Local Ministry Support
In addition to our work in schools, we work proactively to support our local church and community partners to endure young people have open and caring spaces belong. Working with youth groups and organisations across the city we have supported a number of expressions of youth work. We are committed to developing local expressions of Christian youth ministry especially our growing ‘drop in’ youth work model which is now established in a number of locations across the city.
How does our work benefit the public?
Our main activities and achievements are highlighted below. All our charitable activities focus on our key aim of being Good News to the High Schools in Leeds. Our schools and youth workers are valued and respected members of their school communities, undertaking our activities to further our charitable purpose for the public benefit.
ACHIEVEMENTS AND PERFORMANCE
During 2023/24 we were pleased to see our team capacity grow through new and developing roles within our team. The addition of this capacity enabled us to offer additional support to a number of our schools, reaching many more young people and contributing positively to our school’s needs.
Working to bring as much impact as possible out team provided weekly support to 8 schools completing a total of 613 individual days of schools work. As always a key of this work was delivering engaging RE Lessons, which succeeded in bringing the Christian faith to life for 2,555 young people through over 150 lessons.
Furthermore, we continued to build support young people in building healthy relationships through our various groups and clubs with over 177 Boys and Girls groups and more than 150 weekly attendees at our various lunch clubs, Christian Unions and after school drop in groups.
Our team provided vital one-to-one support for 384 mentees amounting to over 4300 support sessions over the course of the year.
With need and opportunity continuing to grow we have worked to foster new connections and relationships in schools across Leeds with the hope of establishing our support elsewhere in the year ahead. We continue to remain committed to being ‘Good News’ to t he schools of the city and supporting as many young people as we can through this.
Links with local churches
Throughout this past year we have continued to build our connection with local churches and communities. This was particularly evident in both positive responses to our fundraising pleas with churches across the city and through the growing picture of local community youth work established hand in hand with the local church.
At the start of our 2023/24 budget year we contacted a number of churches across Leeds to engage them in the local developments in their local schools. This proved fruitful, reconnecting us with a number of local churches who have supported our work both practically and financially over the following months.
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We have continued to see the development of local drop in youth work across Leeds. We now support 4 expressions of local community youth work with development plans in place for further groups. In each of these communities we are working with local volunteers to ensure these groups are sustainable and reflective of the local community they serve. As the picture of these groups continues to grow we hope to see more young people able to access a local expression of youth ministry and in turn make connections with the local Christian community.
Key Moments
During the past year we have seen notable growth in a few areas. We welcomed an expansion in our partnerships with two of our schools growing our team’s time on the ground in these communities. We also have seen a notable increase in the opportunity for ou r group mentoring programmes, especially our ‘girls groups’.
Our lesson programmes continue to be popular in our schools with sessions delivered at both Christmas and Easter for over 150 class groups. These lessons are key touch points for our team and often form the basis of connections with young people keen to explore faith more.
Some of the team's capacity has been spent establishing new opportunities for the year ahead with both new schools and new community groups set to launch in the next academic year. We believe these new opportunities and our growing capacity will enable us to grow in both impact and resilience.
It was especially positive to continue to support a number of schools in providing retreat opportunities engaging young people in reflection, prayer and rest. We continue to see these opportunities as especially fruitful with a generation so open to the exploration of faith.
Volunteers
We have continued to see our local drop in groups prove a fruitful space for volunteers to engage in our work and connect with young people. We continue to see some of these volunteers further their contribution through supportive work in their local schools and we hope in the coming year to grow this offer to ensure our schools have access to as much supportive capacity as possible.
Financial Achievements
We faced continuing challenges with our finances through the 2023/24 budget period. Having started the year with a projected deficit we were able to address some of this challenge through a notable growth in giving from churches and individuals
We also continued our work to align our school’s partnership contributions with a fair level. This has continued to bring much needed stability to our finances and the means to plan ahead with a greater degree of certainty.
We were once again successful with a small number of grants throughout the year. These were a much needed boost to our income enabling us to remain confident of breaking even despite initially projecting a deficit.
Through the year we worked to engage with churches across the city making a specific plea in line with our growing opportunity in schools. This resulted in a number of donations from new congregations and increases in giving from several faithful church supporters.
Through careful management of our outgoings, we were able to save a substantial amount against our budgeted expenditure further, helping us to balance the budget for the year. So, savings came through the timing of staffing changes with others through careful management of expenditure on things like energy use and consumables.
We continue to be immensely grateful for the support of our trusts, individuals and churches without which we simply couldn’t do our work. As we prepare for another challenging year financially, we hope to further grow of financial resilience and capacity.
Governance and Staffing Changes
Throughout the year we continued to work to grow our board of trustees with both the capacity and skills to enable our work to thrive. In July we welcomed Emma Chadwick to the board, bringing experience as a former teacher, passionate about seeing young people grow and succeed.
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We continue to work to address specific skill gaps especially around finance and fundraising.
Our team said a fond farewell to Pip Ridgway who served as both our Charity Administrator and schools worker for a year ending in summer/autumn 2023. Pip brought about some important changes to our governance, for which we are very grateful. We also welcomed Aileen Wilson who joined our team for a year ending in July 2024. Her role supported our work to grow in a number of schools while also supporting our necessary administrative functions.
LOOKING FORWARD
The Trustees recognise that the charity is securely established in its procedures and is highly regarded by the schools and churches of Leeds. It is their strong purpose to see the charity continue to grow so that more schools can be served to the benefit of more young people. We are also keen to continue to develop partnerships across the city and particularly alongside churches in the communities around the schools.
The trustees have continued to seek to contain costs and seek new sources of funding in what continues to be a challenging financial environment. This will continue to be a priority in the future.
The trustees will continue to actively recruit new trustees to support and extend the work of the charity. Where possible we will seek to appoint trustees that represent the diversity of churches and communities across the city to better serve the focus and activities of LFIS.
FINANCIAL REVIEW
The Statement of Financial Activities shows a net profit of £ 7,443 f or the year and the unrestricted cash position stands in total at £ 45 ,6 82 as of 31 August 2024.
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (the 'free reserves’) held by the charity should be 3 months of resources expended. At this level the trustees feel they would be able to continue the activities of the charity in the event of a drop in funding and enable sufficient time for replacement funding to be sourced. This year the free reserves fell below this level.
The principal funding source is from donations (which include giving from individuals as well as churches), and the charity is very grateful for this support.
STATEMENT OF THE RESPONSIBILITIES OF THE DIRECTORS AND TRUSTEES
The Charities Act and the Companies Act require the board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:
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●select suitable accounting policies and then apply them consistently;
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●make judgements and estimates that are reasonable and prudent;
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●prepare the financial statements on a ongoing concern basis unless it is inappropriate to presume that the company will continue in business;
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●state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The directors are responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity’s transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with the regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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The directors are also responsible for the contents of the Report of the Directors, and the responsibility of the independent examiner in relation to the Report of the Directors is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
I approve the attached statement of financial activities and balance sheet for the period ended 31st August 2024, and confirm that I have made available all information necessary for its preparation.
Signed on their behalf by ………………………………….
Mark Harlow, Chair and Director. Company Registration number: 04843253
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity’s trustees of the Company (who are also the directors of the company 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 Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’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 material matters have come to my attention which gives me cause to believe that:
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accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
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the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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.
K Gomes MAAT FCIE Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
Signed :
Date: 27.5.25
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024
(Incorporating Income & Expenditure Account)
| Notes INCOME Income from Generated Funds Donations and Legacies 3a Other Trading Activities 3b Income from Investments 3c 3d TOTAL INCOME EXPENDITURE 4a TOTAL EXPENDITURE NET INCOME/ EXPENDITURE Fund Brought Forward TOTAL FUNDS CARRIED FORWARD Income from Charitable Activities Expenditure on Charitable Activities |
TOTAL TOTAL Unrestricted Designated Restricted Funds Funds Funds 2023/24 2022/23 £ £ £ £ £ 96,237 - - 96,237 82,041 5,090 - - 5,090 - 695 - - 695 439 74,816 - - 74,816 49,639 |
|---|---|
| 176,838 - - 176,838 132,119 |
|
| 169,395 - 7,023 176,418 155,660 |
|
| 169,395 - 7,023 176,418 155,660 |
|
| 7,443 - 7,023 - 420 (23,541) 12,463 - 7,023 19,486 43,028 |
|
| 19,906 - - 19,906 19,486 |
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 12 to 17 form part of these financial statements.
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET AS AT 31ST AUGUST 2024
| Note Fixed Assets Tangible Assets 2 Current Assets Debtors & Prepayments 7 Cash at Bank and in Hand 6 Total Current Assets 8 NET CURRENT ASSETS TOTAL ASSETSless current liabilities 9 NET ASSETS Funds of the Charity General Funds Restricted Funds 5 Total Funds Creditors:amounts falling due within one year Creditors:amounts falling due in more than one year |
Unrestricted Restricted 31-Aug-24 31-Aug-23 Funds Funds Total Total £ £ £ £ - - - - |
|---|---|
| - - - - 1,115 - 1,115 2,777 45,682 - 45,682 17,835 |
|
| 46,797 - 46,797 20,612 |
|
| 26,891 - 26,891 1,126 |
|
| 19,906 - 19,906 19,486 |
|
| 19,906 - 19,906 19,486 - - - - |
|
| 19,906 - 19,906 19,486 |
|
| 19,906 - 19,906 12,463 - - - 7,023 |
|
| 19,906 - 19,906 19,486 |
For the financial year ending 31 August 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities:
• The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
27/05/2025 Approved by the Directors on ............................................
Signed on their behalf by Director ..................................................
Mark Harlow, Chair and Director. Company Registration Number: 04843253
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LEEDS FAITH IN SCHOOLS
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
Basis of Preparation
The financial statements have been prepared on the historical cost basis of accounting in accordance with the Charities Act 2011, Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2015), applicable accounting standards and the Companies Act 2006. The accounts have been prepared on an ongoing concern basis. The charity meets the definition of a public benefit entity under FRS102.
Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.
1. ACCOUNTING POLICIES
The particular accounting policies adopted are set out below.
INCOME
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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the charity becomes entitled to the resources;
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the Directors are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS102.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when received.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024
1. ACCOUNTING POLICIES (Continued)
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Governance Costs include costs of the preparation and examination of statutory accounts, the costs of the Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
CHANGES IN ACCOUNTING POLICIES AND PREVIOUS ACCOUNTS
There has been no change to the accounting policies since last year and no changes in the previous accounts.
ASSETS
Fixed Assets
These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line balance over their estimated useful lives. The rates applied per annum are as follows:
Fixtures and equipment 33.3%
2. TANGIBLE FIXED ASSETS
| Unrestricted | Total | ||
|---|---|---|---|
| Fixtures and equipment | |||
| £ | £ | ||
| Cost | 01-Sep-23 | 19,600 | 19,600 |
| Additions | - | - | |
| Cost at | 31-Aug-24 | 19,600 | 19,600 |
| Depreciation | 01-Sep-23 | 19,600 | 19,600 |
| Charge | - | - | |
| Depreciation at | 31-Aug-24 | 19,600 | 19,600 |
| Net Book Value | 31-Aug-24 | - | - |
| Net Book Value | 31-Aug-23 | - | - |
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024
3. INCOME
| 3. INCOME | |||||
|---|---|---|---|---|---|
| TOTAL | TOTAL | ||||
| Unrestricted | Designated | Restricted | |||
| Funds | Funds | Funds | 2023/24 | 2022/23 | |
| £ | £ | £ | £ | £ | |
| a) Donations and Legacies | |||||
| Gifts & Donations | 85,016 | - | - | 85,016 | 76,708 |
| Gift Aid | 11,221 | - | - | 11,221 | 5,332 |
| 96,237 | - | - | 96,237 | 82,041 | |
| b) Other Trading Activities | |||||
| Fundraising Activities | 5,090 | - | - | 5,090 | - |
| 5,090 | - | - | 5,090 | - | |
| c) Income from Investments | |||||
| Interest Received | 695 | - | - | 695 | 439 |
| 695 | - | - | 695 | 439 | |
| d) Income from Charitable activities | |||||
| Schools Income -Recovery of Staff Salary | 74,816 | - | - | 74,816 | 49,639 |
| 74,816 | - | - | 74,816 | 49,639 | |
| 4. EXPENDITURE | |||||
| TOTAL | TOTAL | ||||
| Unrestricted | Designated | Restricted | |||
| Funds | Funds | Funds | 2023/24 | 2022/23 | |
| £ | £ | £ | £ | £ | |
| a) Expenditure on Charitable Activities | |||||
| Communications | |||||
| Publicity | - | - | - | - | 320 |
| Website | 229 | - | - | 229 | 480 |
| Expenses | |||||
| City Wide | 23 | - | - | 23 | 299 |
| Consumables | 804 | - | - | 804 | 481 |
| Events | 102 | - | - | 102 | 73 |
| Resources | 430 | - | - | 430 | 548 |
| Volunteers | - | - | - | - | 55 |
| Carried Forward | 1,588 | - | - | 1,588 | 2,255 |
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LEEDS FAITH IN SCHOOLS
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024
4. EXPENDITURE (continued)
| Unrestricted | Designated | Restricted | TOTAL | TOTAL | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023/24 | 2022/23 | |
| £ | £ | £ | £ | £ | |
| a) Expenditure on Charitable | Activities (cont.) | ||||
| Brought Forward | 1,588 | - | - | 1,588 | 2,255 |
| Office | |||||
| Equipment (under £500) | 446 | - | - | 446 | 938 |
| Phone & Internet | 668 | - | - | 668 | 644 |
| Printing, postage & stationery | 1,835 | - | - | 1,835 | 3,088 |
| Rent | 10,271 | - | - | 10,271 | 10,256 |
| Utilities | 1,384 | - | - | 1,384 | 1,583 |
| Sundries | 403 | - | - | 403 | 371 |
| Other | |||||
| Accountancy | 1,380 | - | - | 1,380 | 2,298 |
| Bank Charges | 77 | - | - | 77 | 100 |
| DBS Costs | 56 | - | - | 56 | 238 |
| Insurance | 1,290 | - | - | 1,290 | 1,297 |
| Payroll Fees | 192 | - | - | 192 | 538 |
| Recruitment | 59 | - | - | 59 | 297 |
| Subscriptions | 206 | - | - | 206 | 377 |
| Staff | |||||
| Employment Costs | 142,793 | - | 7,023 | 149,816 | 124,865 |
| Hospitality | 364 | - | - | 364 | 185 |
| Training & Retreat | 2,771 | - | - | 2,771 | 2,111 |
| Travel | 2,979 | - | - | 2,979 | 3,736 |
| Staff Care | 633 | - | - | 633 | 483 |
| 169,395 | - | 7,023 | 176,418 | 155,660 |
5. RESTRICTED FUNDS
| Mr Willats The Slavanka Trust 6. CASH AT BANK AND IN HAND Bank Accounts Petty Cash Credit card |
Balance Balance 01-Sep-23 Income Expenditure 31-Aug-24 £ £ £ £ 4,583 - 4,583 - 2,440 - 2,440 - |
|---|---|
| 7,023 - 7,023 - |
|
| Unrestricted Restricted Total Total Fund Fund 31-Aug-24 31-Aug-23 £ £ £ £ 45,615 - 45,615 18,336 37 - 37 40 30 30 541 - |
|
| 45,682 - 45,682 17,835 |
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LEEDS FAITH IN SCHOOLS
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024
7. DEBTORS AND PREPAYMENTS
| Income tax recoverable Trade debtors |
Unrestricted Restricted Total Total Fund Fund 31-Aug-24 31-Aug-23 £ £ £ £ 1,115 - 1,115 2,709 - - - 68 |
|---|---|
| 1,115 - 1,115 2,777 |
8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Creditors and accruals Deferred income |
Unrestricted Restricted Total Total Fund Fund 31-Aug-24 31-Aug-23 £ £ £ £ 1,280 - 1,280 1,126 25,611 - 25,611 - |
|---|---|
| 26,891 - 26,891 1,126 |
9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
There were no Creditors or Accruals falling due in more than one year during this financial year (2022/23: None).
10. STAFF COSTS AND NUMBERS
| Gross Wages and Salaries Employer's National Insurance Costs Pension |
2023/24 £ 129,863 11,656 8,297 149,816 |
2022/23 £ 109,718 8,446 6,701 |
|---|---|---|
| 124,865 |
Average number of Employees who were engaged in each of the following activities:
| Activities in furtherance of organisation's objects Management and administration Total |
2023/24 TOTAL 5 1 6 |
2022/23 TOTAL 5 1 |
|---|---|---|
| 6 |
No employees received emoluments in excess of £60,000. Staff are paid through the PAYE system. (2022/23:Nil)
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LEEDS FAITH IN SCHOOLS (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024
11. DIRECTORS AND OTHER RELATED PARTIES
No payments were made to directors or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
12. RISK ASSESSMENT
The directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
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