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2023-04-05-accounts

REGISTERED COMPANY NUMBER: 05800420 (England and Wales) REGISTERED CHARITY NUMBER (ENGLAND AND WALES): 1118143 REGISTERED CHARITY NUMBER (SCOTLAND): SC044294

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2023

FOR

LBT GLOBAL LTD

LBT Global Limited 60-61 High Street Brading Isle of Wight PO36 0DQ

LBT GLOBAL LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2022

Page
Report of the Trustees to 3
IndependentExaminer's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14 to 15

LBT GLOBAL LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 5th April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's objectives and aims are to provide critical and logistical support and guidance to victims (and their families) of serious incident or trauma overseas, including, but not limited to, missing persons, all deaths, all criminal acts, terrorism, disaster and other serious incidents. We aim to provide support, events, facilities, training, signposting and more to enrich and enable people in traumatic circumstances in the UK, locally and nationally.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity has had another successful year assisting many families with repatriations, overseas crises, reuniting families with missing persons and supporting those in traumatised situations.

FINANCIAL REVIEW

Financial position

LBT Global, like many similar charities, is still seeing a decline in income through multiple reasons – the impact of the current cost of living crisis on the public’s disposable income has seen a sharp decline in regular giving for example.. However, several new fundraising schemes have been put in place, the workforce has been reduced and all operations are being streamlined to deliver the most efficient services without impact on delivery. Works continue on the charity's property in order to maximise the potential for income from this. A new round of dedicated bid submission to potential long term supporters has been introduced.

The charity is continuing a consultation with stakeholders to review all offered services to ensure that all work carried out is appropriate, needed and does not impact on the ability of the charity to deliver it's core mission aims.

Reserves policy

The cost of living crisis and its effect on the charity financial position meant it was not possible to achieve any significant reserve building in the year. Trustees are committed to building a 6 month reserve as a priority, as the country begins to move away from the current situation.

The board strongly believes the charity has sufficient, increasing incoming resources to ensure continued, sustained operations.

Page 1

LBT GLOBAL LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2023

FINANCIAL REVIEW

Going concern

The trustees recognise that the last few years have been extremely difficult for LBT Global due to the ongoing financial crisis. Charitable donations were reduced overall, with regular giving particularly impacted.

However the charity has implemented a number of cost saving measures such as reduced infrastructure expenditure and the streamlining of operational activities, and this has led to an improved financial situation and outlook.

The charity’s property and land has been extensively upgraded and refurbished and has accordingly been revalued. Similarly, media, production and computing equipment has been revalued at a fair price.

The Trustees are committed to the future of the charity and are confident that the refinancing and cost reductions, coupled with emerging opportunities for fundraising, will provide sufficient income going forward. Comprehensive fundraising strategies across the charity will also ensure the sustainability of LBT Global and assist with working towards their target of achieving a 6 month reserve policy.

A number of liabilities have been cleared.

As a result, the going concern basis of accountancy has been adopted. In making their assessment of going concern, the trustees have considered a period of at least 12 months for the date of approval of the financial statements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a private limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05800420 (England and Wales)

Registered Charity number

1118143 England and Wales SC044294 Scotland

Registered office

The Secret Garden 60-61 High Street Brading Sandown Isle of Wight PO36 0DQ

Page 2

LBT GLOBAL LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2023

Trustees

HJ Finn Management Consultant

0 L Hall Miss C W S Barrett HCA Ms CE Owen Consultant Dr AN MA Khalil Doctor

Independent Examiner

Hayley Tutton ACMA

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 14[th ] July 2023 and signed on its behalf by:

H J Finn - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LBT GLOBAL LTD

Independent examiner's report to the trustees of LBT Global Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 5th April 2023.

Responsibilities and basis of report

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

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your 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 matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

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

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

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

Hayley Tutton ACMA

Date: .....12[th] July 2023........................................

Page 4

LBT GLOBAL LTD

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 5TH APRIL 2023

2023
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other income
Total
Notes
Unrestricted
fund
£
203,696
2,049
205,745
EXPENDITURE ON
Charitable activities
Charitable Activities
193,759
NET INCOME/(EXPENDITURE)
11,986
RECONCILIATION OF FUNDS
Total funds brought forward
(11,329)
TOTAL FUNDS CARRIED FORWARD
657		 2022
Total
funds
£
160,126
798
160,924
162,084
(1,160)
(10,169)
(11,329)

The notes form part of these financial statements

Page 5

LBT GLOBAL LTD

BALANCE SHEET 5TH APRIL 2023

Notes
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Stocks
7
Debtors
8
Cash at hand and inbank
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts fallingdueafter more than one year
NET ASSETS
FUNDS
Unrestricted funds
13
TOTALFUNDS		 2023
Unrestricte
d fund
£
485,470
12,425
79,500
11,910
103,835
(26,925)
76,910
562,380
(220,430)
341,950
341,950
341,950		 2022
Total
funds
£
341,768
10,775
14,679
3,739
29,193
(41,954)
(12,761)
329,007
(340,336)
(11,329)
(11,329)
(11,329)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued ...

Page 6

LBT GLOBAL LTD

BALANCE SHEET - continued

5TH APRIL 2023

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

The financial statements were approved by the Board of Trustees and authorised for issue on . ............................................... and were signed on its behalf by:

H J Finn - Trustee

The notes form part of these financial statements

Page 7

LBT GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Income

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

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost - Plant and machinery 15% on reducing balance Motor vehicles - 25% on reducing balance - Computer equipment 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Donated goods

Donated goods are recognised as income when entitlement passes to the trust and are measured at their fair value. Donated services are recognised when the service is received and only when the value can be reliably measured at a current market value.

continued...

Page 8

LBT GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£ £
Auditors'remuneration 2,028 1,590
Auditors'remunerationfornon audit work 2,028 1,590
Depreciation - ownedassets 32,654 18,736
Surplus on disposal of fixed assets (798)

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 5th April 2023 nor for the year ended 5th April 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 5th April 2023 nor for the year ended 5th April 2022.

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022
CharitableActivities 2 3

No employees received emoluments in excess of £60,000.

In the year to 5th April 2023 remuneration of £26,850 (2022: £33,432) was paid to key management personnel.

5.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donationsandlegacies 160,924
EXPENDITURE ON
Charitable activities
Charitable Activities
162,084
NETINCOME/(EXPENDITURE) (1,160)
RECONCILIATION OF FUNDS
Total funds brought forward (10.169)
TOTAL FUNDS CARRIED FORWARD (11,329)

continued...

Page 9

LBT GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023

6. TANGIBLE FIXED ASSETS

6. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£ £ £ £ £
COST
At 6th April 2022 273,600 146,711 420,311
Revaluation 151,400 11,230 162,630
Additions 3,088 3,088
At 5th April 2023 425,000 161,029 586,029
DEPRECIATION
At 6th April 2022 17,100 72,843 89,943
Charge for year 8,500 24,154 32,654
Eliminated on disposal
At 5th April 2022 25,600 74,959 100,559
NETBOOKVALUE
At 5th April 2023 399,400 86,070 485,470
At 5th April 2022 267,900 73,868 341,768
7. STOCKS
2023 2022
£ £
Stocks 12,425 10,775
8. DEBTORS:AMOUNTS FALLINGDUEWITHINONEYEAR
2023 2022
£ £
Other debtors 79,500 14,679
9. CREDITORS:AMOUNTS FALLINGDUEWITHINONEYEAR
2023 2022
£ £
Bankloansand overdrafts (see note11) 16,476 10,111
Otherloans(see note 11) 4,200
Trade creditors 5,400 1,896
Social security and other taxes 5,049 9,721
Other creditors 14,840
Netwages (374)
Accruedexpenses 1,560
26,925 41,954

continued...

Page 10

LBT GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Bank loans(see note 11)
Otherloans(see note 11)
11.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bankloans
Otherloans
Amounts falling between one and two years:
Bank loans - 1-2 years
Otherloans- 1-2 years
Amounts falling due between two and five years:
Bankloans- 2-5 years
Otherloans- 2-5 years
Amounts falling due in more than five years:
Repayableby instalments:
Bankloansmore 5 yr byinstal
Otherloansmore 5yrs instal
12.
SECUREDDEBTS
The following secured debts are included within creditors:
Natwest Bank Loan
The Natwest bankloanis secured against the freehold propertyheld.		 2023
£
213,326
213,226
2023
£
16,476
16,476
16,476
32,952
32,952
113,288
113,288
2023
£
179,192		 2022
£
235,407
104,929
340,336
2022
£
10,111
4,200
14,311
10,536
21,711
32,247
32,650
39,844
72,494
192,221
43,374
235,595
2022
£
195,395

continued...

Page 11

LBT GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023

13. MOVEMENT IN FUNDS

Unrestrictedfunds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestrictedfunds
General fund
TOTAL FUNDS
Comparatives for movement infunds
Unrestrictedfunds
General fund
TOTAL FUNDS		 At 6.4.22
£
(11,329)
(11,329)
Incoming
resources
£
205,745
205,745
At 6.4.21
£
(10,169)
(10,169)		 Net
movement
At
in funds
£
5.4.23
£
11,986
657
11,986
657
Resources
expended
Movement
infunds
£
£
(193,759)
11,986		 Net
movement
At
in funds
£
5.4.23
£
11,986
657
11,986
657
Resources
expended
Movement
infunds
£
£
(193,759)
11,986
(193,759)
Net
movement
in funds
£
(1,160)
(1,160)		 11,986
At
5.4.22
£
(11,329)
(11,329)

Comparative net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestrictedfunds
General fund
160,924
TOTAL FUNDS
160,924		 Resources
expended
£
Movement
in funds
£
(162,084)
(1,160)
(162,084)
(1,160)

continued...

Page 12

LBT GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 6.4.21 in funds 5.4.23
£ £ £
Unrestrictedfunds
General fund (10,169) 20,235 657
TOTAL FUNDS (10,169) 20,235 10,826

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestrictedfunds
General fund
366,669
TOTAL FUNDS
366,669		 Resources
Movement
expended
in funds
£
£
(355,843)
10,826
(355,843)
10,826

14. RELATED PARTY DISCLOSURES

There were no related party transaction in the year ended 5th April 2023.

15. GOING CONCERN

As set out in the trustees report. The Trustees are content that the charity will be able to meet its debts as they fall due. As a result, the going concern basis of accounting has been adopted.

Page 13

INCOME AND ENDOWMENTS
Donationsandlegacies
Donations
Gift aid
Grants
Covid support grants
Donated services and facilities
Rental income
Other income
Gain on sale of tangible fixed assets
Insurance claim (storm damage)
Loans from CEO
Total incoming resources
EXPENDITURE
Charitableactivities
Wages
Social security
Rent and Storage costs
Insurance
Repairs and maintenance
Telephone and communication
Postage and stationery
Sundries
Publicity and promotion
Travel
General office expenditure
Rates andutilities
Computer and media costs
Security and safety
Professional fees
Subcontractors
Fundraising Costs
Freehold property
Plant and machinery
Repayments
Media and IT equipment
Bank charges
Statutory costs
Supportcosts
Governancecosts
Auditors'remuneration
Total Expenditure		 2023
2022
£
£
52,485
65,642
10,981
13,824
96,202
50,000
0
20,645
9,938
9,415
0
525
169,606
160,126
2,049
34,090
798
205,745
160,924
27,450
61,643
4,058
(1,927)
558
570
3,492
3,114
5,280
32,212
6,434
6,019
7
2,246
0
13
277
795
7,734
8,458
865
1,671
6,744
5,160
1,124
6,874
688
1,393

0
12,554
560
0
198
0
5,700
0
1,181
111,105
3,088
11,854
24
249
180
191,731
158,904
2,028
193,759
1,590
160,494

This page does not form part of the statutory financial statements

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This page does not form part of the statutory financial statements

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