Charity Registration No. 1110670 Company Registration No. 5305557 (England and Wales)
## **LEARN.ORG.UK LIMITED**
## **TRUSTEES' REPORT AND ACCOUNTS**
**FOR THE YEAR ENDED 30 NOVEMBER 2020**
## **LEARN.ORG.UK LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
Trustees Mr Zaheer Laher Mr Yusuf Mayet Ms Stefania De Zorzi Ms Maria Manuela Lopes Tavares Secretary Mr Zaheer Laher Charity number 1110670 Company number 5305557 Independent Examiner A Ahmad FCA Registered Office Kirklees Council Bretton Street Enterprise Centre Unit 12 Bretfield Court Dewsbury West Yorkshire WF12 9BG Bankers HSBC Market Place Dewsbury West Yorkshire WF13 1DH
## **LEARN.ORG.UK LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees’ report|4-5|
|Statement of Trustees' responsibilities|6|
|Independent examiner’s' report|7-8|
|Statement of financial activities|9|
|Balance sheet|10|
|Notes to the accounts|11-14|
## **LEARN.ORG.UK LIMITED**
## **TRUSTEES'REPORT**
## _**FOR THE YEAR ENDED 30 November 2020**_
The Trustees present their report and accounts for the year ended 30 November 2020.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the LEARN.ORG.UK LIMITED’S Memorandum and Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2015.
## **Structure governance and management**
LEARN.ORG.UK LIMITED is a company limited by guarantee and is governed by a memorandum and articles of association.
The Trustees, who are also the directors for the purpose of company law, and who served during the year were:
Mr Zaheer Laher Mr Yusuf Mayet Ms Stefania De Zorzi Ms Maria Manuela Lopes Tavares
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The Trustees have assessed the major risks to which the LEARN.ORG.UK LIMITED is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Objectives and activities**
LEARN.ORG.UK LIMITED’S objects are to help tackle current community needs (Digital divide, exclusion, recycling, health and well-being, youth (NEET) and unemployment) in areas of deprivation and to reach out to the hard-to-reach communities and those facing exclusion or barriers (BME communities, women and girls, communities from poorer backgrounds and young people) by creating, developing and delivering innovation learning/projects.
Vision by 2020 to become fully self-sustainable through the provision of:
i) purchase of a building to save on rental costs and part letting to Social Projects/Organisations & offering Social Housing;
ii) increase Volunteers;
iii) Increase provision of Volunteers Training & Development;
iv) enter into the Social Care Sector;
v) increase Contracts delivery with special focus on Vocational Training & Apprenticeships;
vi) Develop Trans-national EU projects with special focus on Youth, Women & Integration/Migration;
1
## **LEARN.ORG.UK LIMITED**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 30 November 2020**_
vii) Increase 'Digital Inclusion' projects;
viii) Increase Enterprise projects;
## **Achievements and performance**
The trustees are satisfied with the financial results of the charity for the year.
## **Financial review**
It is the policy of LEARN.ORG.UK LIMITED that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue LEARN.ORG.UK LIMITED’S current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **Independent Examiner**
A resolution proposing that Arif Ahmad FCA be reappointed as Independent Examiner of the company will be put to the members.
On behalf of the Board of Trustees
## **Mr Zaheer Laher**
Chairman Dated: 30 September 2020
2
## **LEARN.ORG.UK LIMITED**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The Trustees, who are also the directors of LEARN.ORG.UK LIMITED for the purpose of Company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of Learn.org.uk Limited and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that Learn.org.uk Limited will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of Learn.org.uk Limited and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Learn.org.uk Limited and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
3
## **LEARN.ORG.UK LIMITED**
## **INDEPENDENT EXAMINER’S' REPORT**
## **TO THE TRUSTEES OF LEARN.ORG.UK LIMITED**
I report on the accounts of the company for the year ended 30 November 2020, which are set out on pages 9 to 14.
## **Respective responsibilities of trustees and examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
4
## **LEARN.ORG.UK LIMITED**
## **INDEPENDENT EXAMINER’S' REPORT (CONTINUED)**
## **TO THE TRUSTEES OF LEARN.ORG.UK LIMITED**
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Arif Ahmad FCA
Address: Unit 2 Kirklees Council Batley Business Centre Technology Drive Batley West Yorkshire WF17 6ER Date: 30 September 2020
5
## **LEARN.ORG.UK LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 30 November 2020**_
|**Notes**
**Incoming resources from generated funds**
Incoming resources from charitable activities
**2**
Total incoming resources
**Resources expended**
**3**
Cost of charitable activities
Governance costs
Other resources expended
Total resources expended
Net (deficit)/income for the year/
Net movement in funds
Fund balances at 1 December 2019
**Fund balances at 30 November 2020**|Unrestricted
funds
Restricted
funds
Total
2020
Total
2019
£
£
£
-
90,106
90,106
75,224|
|---|---|
||-
90,106
90,106
75,224|
||-
27,439
27,439
76,184
-
300
300
300
-
774
774
774|
||-
28,513
28,513
77,258|
||-
61,593
61,593
(2,034)
-
249,896
249,896
251,930|
||-
311,489
311,489
249,896|
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
6
## **LEARN.ORG.UK LIMITED**
## **BALANCE SHEET**
## _**AS AT 30 November 2020**_
|Notes
**Fixed assets**
Tangible assets
**6**
**Current assets**
Cash at bank and in hand
Creditors: amounts falling
Due within one year
**7**
Net current assets
Total assets less current liabilities
**Income funds**
Restricted funds
**8**|**2020**
£
212,886
212,866
(300)|£
98,923
212,566|**2019**
£
150,499
150,499
(300)|£
99,697
150,199|
|---|---|---|---|---|
|||311,489||249,896|
|||311,489||249,896|
|||311,489||249,896|
For the financial year ended 30 November 2020 the company was entitled to exemption from audit under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective March 2015).
Approved by the Board for issue on 30 September 2020
**Mr Zaheer Laher Trustee**
7
## **LEARN.ORG.UK LIMITED**
## **NOTES TO THE ACCOUNTS**
## _**FOR THE YEAR ENDED 30 November 2020**_
## **1 Accounting policies**
## **1.1 Basis of preparation**
The accounts have been prepared under the historical cost convention.
The accounts have been prepared In accordance with applicable accounting standards. the Statement of Recommended Practice, "Accounting and Reporting by Charities", Issued in March 2005 and the Companies Act 2006.
## **1.2 Tangible fixed assets and depreciation**
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% reducing balance
## **2 Incoming resources from charitable activities**
||**2020**|**2019**|
|---|---|---|
||**£**|**£**|
|Contractual income and consultancy fees|90,106|75.224|
8
## **LEARN.ORG.UK LIMITED**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 November 2020**_
## **3 Total resources expended**
|Fundraising trading costs
Cost of charitable activities
Governance costs
Other resources expended
Fundraising trading costs|**Staff**
**costs**
**£**
**Depreciation**
**£**
**Other**
**costs**
**£**
**Total**
**2020**
**£**
**Total**
**2019**
**£**
5,400
-
22,039
27,439
76,184
-
-
300
300
300
-
774
-
774
774|
|---|---|
||5,400
774
22,339
28,513
77,258|
## **4 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration during the year.
## **5 Employees**
## **Number of employees**
The average monthly number of full-time equivalent employees during the year was
|Employment costs
Wages and salaries|**2020**
**Number**
**2019**
**Number**
1
1|
|---|---|
||**2020**
**£**
**2019**
**£**
5,400
3,479|
9
## **LEARN.ORG.UK LIMITED**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 November 2020**_
## **6 Tangible fixed assets**
|Cost
At 1 December 2019
Additions
At 30 November 2020
Depreciation
At 1 December 2019
Charge for the year
At 30 November 2020
**Net book value**
At 30 November 2020
At 30 November 2019|||**Fixtures**
**fittings &**
**equipment**
**£**
213,453
-
213,453
113,756
774
114,530
98,923
99,697|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
## **7 Creditors: amounts falling due within one year**
|Other creditors|**2020**
**£**
**2019**
**£**
300
300|
|---|---|
||300
300|
10
## **LEARN.ORG.UK LIMITED**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 November 2020**_
## **8 Analysis of net assets between funds**
|Fund balances at 30 November 2020 are represented
Tangible fixed assets
Current assets
Current liabilities|**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**Total**
**£**
by
-
98,923
99,697
-
212,866
150,499
(
(300)
(300)|
|---|---|
||-
311,489
249,896|
11