Company registration number: 05462708
Charity registration number.. 1119396
Lewisham Education Arts Network (LEAN)
IA company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2024
Field Sullivan Limited
9 Hare & 8illet
Blackheath
SE3 ORB

Lewisham Education Arts Network (LEAN)
Contents
Reference and Administrative Details
Trustees, Report
2to7
Independent Examiner's Report
8t09
Statement of Financial Activities
io
Balance Sheet
li
Notes to the Financial Statements
12to23

Lewlsham Educatlon Arts Network (LEAN)
Reference and Administrative Details
Chairman
Veronlca Jobbins MBE
Secretary
Veronica Sarmiento
Trustees
Sheree-marie Abraham
Jessica Austln-Burdett
Maria Conyard
Anna Croall
Helena Emmanuel
Holly Henrv
Veronica Jobbins M8E
Julia Mirkin
Dearbhaile Nairn
Jason Page
Veronica Sarmiento
Beatrice Semple
James Thomas
Emma Webster
Charity Registratlon Number
1119396
Company Registration Number
05462708
The charity is incorporated in England and Wales.
The Albanv
Douglas Way
London
SE8 4AG
Reglstered Office
Independent Examiner
Field Sullivan LSmited
9 Hare & Billet
Blackheath
SE3 ORB
Bankers
HSBC Bank plc
85 Lewisham Hlgh Street
London
SE13 6BE
Page I

Lewisham Education Arts Network (LEAN)
Trustees, Report
The trustees, who are directors for the purposes of company law, present the annual report together with the
financial statements and auditors, report of the charitable company for the year ended 31 March 2024.
OBJECTIVES AND ACTIVITIES
LEAN, established in 2000, has much to be proud of in achieving its primary ambition and purpose as an arts
and cultural education support organisation, championing arts learning for chlldren and young people across
Lewisham through promotlng the growth of creative partnership working.
Leading the local cultural education partnership, LEAN Initlates, alone, and frequently in partnership, an
extensive range of projects, services and activities empowering and inspiring our members to collaborate
through the development of active networks, brokered support and facilitating collaborative working.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
PROGRAMME OF WORK 2023- 2024
We are very pleased to report that LEAN'S funding from Lewisham Council's Main Grants Programme origlnally
secured for the 3 years, 2022 - 2025 has been extended to March 2026. Thls Is a signif icant endorsement of
the impact of LEAN wlthin the borough.
l.Fundralslng Support
LEAN has also been funded by Lewisham Council for 4 years 2022 - 2026 to host a Lewisham Fundraising and
Development Manager (Arts) post a5 part of an Initiative to support the voluntary, arts and sports sectors. In
2023 Chloe Booth and Lindsay Harrod shared this post as a part-time consultant from May until the end of
December. Both have had extensive experlence in arts fundraising working with trusts and foundations and
mernbership, major donors, corporates. event fundraising as well as providing advice, support and training for
the arts sector. The Arts Fundraising Development Manager role was covered by the LEAN team for a short
period at the beginning of 2024 with new arrangements in place from April 2024.
Ouring 2023 the Art5 Fundraising Development programme supported by LEAN was In direct contact with 36
individual and organisations, delivering:
29 Advice surgerieslbid reviews
Fundraising focussed Breakfast Club in July attended by 19 people
An ACE Fundraising workshop organised jointly wlth the Albany in October providing networking,
support and information sharlng for 26 artists working with chlldren and young people.
A Fundraising Strategy workshop at the Albany in November attended by 18 people.
A Fundralslng Conference at Fellowship Inn Bellingham attended by 84 people organised jointly with
the Fundraising and Development Managers hosted by Lewlsham Local and Age UK Southwark and
Lewisham,
The LEAN team also supported a Data Event held at Lewisham Chambers in November
Improve
Funding Applicotions and Find out More about Lewlsham - led by the Fundraising and Development
Managers hosted by Lewisham Local and Age UK Southwark and Lewisham,. attended by 19 people
Page 2

Lewisham Education Arts Network ILEAN)
Trustees, Report
2.Workforce support, development and sector communicatlon
LEAN has continued to support the arts and cultural workforce and those Involved with providlng creative
experiences for children and young people by;
Supporting 12 people through one to one/small group advice sessions providing bespoke support based on
individual need.
• Organlsing face to face and online network events
Communication through our website, monthly bulletins, targeted newsletters Ito arts freelancers and
teachers for exarnplel, events, meetings and training. LEAN website received 12268 visits, exceeding our
annual target by over 50°A.
Arts Freelancer Breakfast Network: 16 mailings to 16S Lewisham freelance creatives. 4 In person meetings In
addition to the fundraising workshops outlined above. These included in April 2023 a meeting with Amy Lloyd
and Patricia Underwood at Catford Library focused on presentlng opportunities and resources that Lewlsham
Librarles has to offer freelancers and in March 2024 the meeting at the Migration Museum and co-hosted with
Jason Page, Operations Manager & Community Engagement Programmer, who updated the group on the
Museum's future plans and how they worked with freelancers and gave a tour of the new exhibition Heart of
the Natlon: Migration and the Maklng of the NHS. A total of 44 freelancers attended this year (excluding
Fundraising event above).
Cultural Connectors.. LEAN sent 15 newsletters to 167 Cultural Connectors, a network of school-based teachers
initially set to promote Borough of Culture opportunities. This was relaunched as an ongoing programme to
provide news and opportunities for schools in the borough connecting them with arts projects and arts
organlsations in Lewisham. Termly in-person meetings at a Borough Arts Venues was also provided and a total
of 16 Cultural Connectors attended this year..
•18 October 2023 at Goldsmiths, CCA Gallery which included a Special exhibition tour wlth Adrianna,
Engagement Producer at CCA followed by a presentation of the current CCA programme of workshops for
schools and offers for teachers, and LEAN'S Sharon Trotter led a dlscussion on Lewisham's new Cultural
Strategy.
•6th March 2024 at Cockpit Deptford. Attendees were given a special introduction to Cockpit's brand-new
Learning Centre. enjoyed a print makSng taster workshop and found out about Cockpit's upcoming
opportunities for schools and young people with Chris Webb, Engagement Producer.
Youth Arts Bulletln: Three newsletters were sent out to the network during this period..Membership totals
112 recipients with 34 free and low-cost opportunities and activlties for children and young people shared.
LEAN has continued to support and keep up to date on current issues in the arts education sector through
membership of Particlpatory Arts London and Lewlsham Visual Arts Network which was developed by
Deptford X, APT Gallery and Studios, Goldsmiths CCA and LEAN. Julia Ravenscroft ILEAN Programme
Engagement Officer) has regularly attended the Bellingham Interagency meeting which takes place in
Bellingham six times a year.
Page 3

Lewisham Educatlon Arts Network (LEAN)
Trustees, Report
3.Events and Projects
Joined Up Working-A Cultural Strategy for Lewlsham - February 2024
LEAN'S major annual event and AGM took place at Deptford Green School wlth the theme of Lewisham's new
Cultural Strategy in February 2024. LEAN will be leading on the formation of a Cultural Education Partnership
for the Borough In order to implement the Lewisham Cultural Strategy published in July 2023 by Lewisham
Council
eeches
Keynotes:
Sakthi Suriyaprakasam, Head of Culture and Community Development and Nancy Stridgen, Cultural
Partnership Manager, Culture and Community Development - Lewisham Council present Lewisham's
Cultural Strategy.
Sharon Trotter, LEAN- How LEAN is working with the New Cultural Strategy as Education Partner,
Worksho
The importonce of art in anti-rocist education.. A collaborotive reflection (Stephen Lawrence Research Centre
and Peoplescape Theatre).
Youth volce.. Involving young people at every stage of your project ￿On1-Ann Gurdon wlth Lewisham Muslc)
Accessingfundingfor creative education project5 (Kane Moore Fundralslng Development Manager)
Cultural education partnerships.. Learning from others and woys forward for Lewisham (Sharon Trotter LEAN
Director and LEAN Chalr Veronica Jobbinsl
The event was successful with 53 people attending although 93 registered but did not attend. This was
disappointing but rnay have been partly due to very poor weatherl However, IOOQA stating that the talks were
very relevant or relevant and workshops were also rated highly with the sarne overall score, IOOYO rated the
workshops as very relevant or relevant. We are aware that we need to encourage more teachers from schools
to attend and wlll be prioritizing that at our next event.
Moving Stories-funded by Paul Hamlyn Teacher Development Fund
During this period, our project Moving Stories,. embedding dance and drama in SEND teacher practice, was
started, as one of the 8 UK-wide projects chosen for funding from Paul Hamlyn Teacher Development Fund.
The project with our arts delivery partners Peoplescape Theatre and Trinity Laban worked durlng the year with
six Lewisham schools.. Watergate, Brent Knoll, Drun)beat, New Woodlands and the Resource Bases at Tidemill
and Athelney Primary. Art15ts from theatre and dance are collaborating with teachers to improve
communlcation skills of young people facing high levels of dlsadvantage. Communication skills are the key to
unlocking young peoples, ability to thrive as active, engaged and connected members of their communlties.
Combinlng dance and drama wlll ensure the activities are fully inclusive for children with a wlde range of
complex needs. Teachers and artists are learning from each other and spreading good practice to colleagues,
ensuring young people with special needs have acce5S to a rich and exciting arts curriculum which supports
their life skills.
Page 4

Lewisham Education Arts Network (LEAN)
Trustees, Report
Creatlve Careers Programme l Army of Creatlves
In 2023 we were very pleased to receive Arts Council England funding1£29,7001 for our Army of Creatives
project which ran from March to May 2023. It included placing 80 creative career workshops across 16
different school and education settings in Lewisham and running an innovative group work experlence for
Deptford Green School students. We recruited a new Programme Manager, Holly Mccomish, to deliver the
whole project.
As the majority of the project was delivered out of the period covered by this annual report, it will be fully
detailed in the next annual report 2024-2025. The full Army of Creatives project report Is available on the LEAN
website.
Trustees and offl¢ers
The trustee5 and officers serving during the year and since the year end were as follows:
Trustees:
Sheree-marie Abraham lappolnted 8 May 20241
Jessica Austin-Burdett lappointed 8 May 20241
Maria Conyard
Anna Croall (appointed 8 May 20241
Helena Emmanuel lappointed 8 May 20241
Holly Henry
Veronica Jobbins MBE
Julia Mirkin
Lucy Maycock (resigned 8 February 20241
Dearbhaile Nairn
Jason Page lappolnted 20 September 20231
Veronica Sarmiento
Beatrice Semple
James Thomas
Emma Webster
Chalrman..
Veronica Jobbins MBE
Secretary:
Veronica Sarmiento
Other Officers:
Robin Hughes (resigned 5 May 20231
Structurei governance and management
Nature os governlng document
LEAN is a charity, registered with the Charity Commission, and a Limited Company. Membership of the
company is open to all, and the finances of the company are protected by a commitment of the members to
pay sums not exceeding £10 in the event of the company being wound-up.
Page 5

Lewlsham Education Arts Network (LEAN)
Trustees, Report
Recrultment and appolntment of trustee5
The work of LEAN'S officers is guided and overseen by a Board of Trustees. Trustees volunteer for appointment
and are initially co-opted by the other Trustees at one of the regular meetings of the Board. Appointment5 are
approved at Annual General Meetings of the Company.
Induction and training OA trustees
New Trustees receive an induction from the Chair of the Board and from LEAN'S Programme Manager to
ensure they are aware of their role, legal obligations and duties required by the Charity Commission. and the
responsibilities placed upon them by the Memorandum of Association of the Company.
Arrangementsfor setting key munagement personnel remuneratlon
In line with Charity Commission requirements, Trustees receive no remuneration for their work for the
Company. Where a Trustee has any actual or potential conflict of interest or may receive any incidental benefit
through the actions of the Company, this is notified to the other Board members and recorded in the
appropriate section In this Annual Report.
Flnanclal Instruments
Reserves policy
It is LEAN'S policy to hold the value of at least 3 months running costs In reserve in case the organisation needs
to close down for any reason. Up to 2023-24 this amounted to £15,000 but for 2024-25 we have been able to
Increase this to £19,000 to ensure increased salary and rental costs are covered. The reserves are kept in an
interest earning deposit account at HSBC.
Investment pollcy
LEAN does not hold any investments or make investments in other entities. Any income recelved that wlll not
be drawn on within the next 6 months is transferred to the HSBC deposit account to earn interest before it is
used.
Managing flnancial rlsk
LEAN sets a carefully researched expenditure budget each year which is approved by the whole board of
Trustees and monitored regularly at Trustee meetings through the year. This ensures that all activltles planned
are fully funded and sets in place contingencies in case antlcipated fundlng applications are unsuccessful. LEAN
has robust financial procedures in place to ensure against the risk of loss or fraud. Expenditure Is managed by
the LEAN Director and overseen by the Flnance Subgroup. of 4 Trustees. The HSBC bank account mandate
requires 2 signatories for bank transactions.13 trustees + the director are currently named as signatories)
Electronic payments made by the director as Primary Online User and also by the Finance Officer as secondary
user, approved by the Dlrector. All payments are logged by the Finance Officer and by countersigned
electronically by 2 Flnance Group trustee5. One of the Finance Group trustees is set up as Secondary User and
monitors the bank account transactlons on a monthly basis.
LEAN Finance policy
A new comprehensive finance policy has been developed and agreed by the trustees setting out clear
procedures for oversight of financial transactions and for procurement processes.
Page 6

Lewisham Education Arts Network (LEAN)
Trustees, Report
Statement of trustees, responslblllties
The trustees Iwho are also the directors of Lewisham Education Arts Network ILEANI for the purposes of
company law} are responsible for preparing the trustees, report and the financlal statement5 in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accountlng Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland"
Company law requires the trustees to prepare financial statements for each financial year. Under company law
the trustees must not approve the f inanclal statements unless they are satisfied that they give a true and fair
view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including its income and expenditure, of the charitable company for that period. In preparing these
financlal statements, the trustees are required to..
select suitable accounting policies and apply them consistentlyi
observe the methods and princlples in the Charities SORP;
make judgements and estimates that are reasonable and prudent,.
state whether applScable accounting standards, comprising FRS 102 have been followed, subject to any
material departures dlsclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose wlth reasonable accuracv
at any time the financial positlon of the charitable company and enable them to ensure that the flnancial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the preventlon and detection of fraud and other
Irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information
included on the charitable company's website. Legislation governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
The annual report wa5 approved by the trustees of the charity on 13 December 2024 and signed on its behalf
by:
Veronlca Jobbins MBE
Chairman and trustee
Page 7

Lewlsham Education Arts Network ILEAN)
Independent Examiner's Report to the trustees of Lewisham Education Arts Network
(LEAN) ('the Company,)
I report to the charity trustees {who are also Directors for the purpose of company lawl on my examination of
the accounts of the Lewisham Education Arts Network ILEANI I'the charitable company'l for the year ended 31
March 2024 whlch comprise the Statement of Financial Activities, the Balance Sheet and related notes 10 to
23.
Thls report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charitles
Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am
requlred to state to them In this report and for no other purpose. To the fullest extent permitted by law, I do
not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for
my work, for this report, or for the opinions I have formed.
Responsibillties and basis of report
As the charity's trustees of Lewisham Education Art5 Network ILEANI you are responsible for the preparation
of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l.
Having satlsfied rnyself that the accounts of Lewisham Education Arts Network ILEANI are not requlred to be
audlted under Part 16 of the 2006 Act and are ellgible 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 20111'the 2011
Act'l, In carrying out my examination I have followed the Directions given by the Charity Commission under
section 1451Sllbl of the 2011 Act.
An Independent examination does not involve gathering all the evidence that would be requlred in an audit
and consequently does not cover all the matters that an auditor considers in giving their opinlon on the
financial statements. The planning and conduct of an audit goes beyond the limited assurance that an
independent examination can provide. Consequently l express no opinion as to whether the financlal
statements present a 'true and fair, view and my report is limited to those specific matters set out in the
independent examiner's statement.
Independent examlner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examlnation giving me cause to believe..
accounting records were not kept in respect of Lewisham Education Arts Network ILEANI as requlred by
section 386 of the 2006 Act,. or
2. the accounts do not accord wlth those records,, or
3. 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 vlew, which 15 not a matter considered as part of
an independent examination,, or
4. the accounts have not been prepared in accordance with the methods and prlnciples of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charitles preparing their
accounts In accordance with the Financial Reporting Standard appllcable in the UK and Republic of
Ireland IFRS 1021.
Page 8

Lewisham Education Arts Network {LEAN)
Independent Examiner's Report to the trustees of Lewisham Education Arts Network
(LEAN) ('the Company,)
I have no concerns and have come across no other matters in connectlon 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.
Tim Sullivan FCA
Field Sullivan Limited
9 Hare & Billet
Blackheath
SE3 ORB
13 December 2024
Page 9

O ￿ Ln
m¢

Lewisham Education Arts Network (LEAN)
(Registration number; 05462708)
Balance Sheet as at 31 March 2024
2024
2023
Note
Flxed assets
Tangible assets
13
448
1,060
Current assets
Debtors
Cash at bank and in hand
14
255
247
15
65,510
101,756
65,765
102,003
Credltors: Amounts falling due within one year
16
19,2851
14,0361
Net current assets
56,480
97,967
Net assets
56,928
99,027
Funds of the charitv:
Restrlcted Income funds
Restricted funds
26,458
52,852
Unrestrlcted Income funds
Unrestricted funds
30,470
46,175
Total f unds
18
56,928
99,027
For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under 5ectlon
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 responsibS1ities for complying with the requirements of the Act with
respect to accounting records and the preparatlon of accounts.
The financial statements on pages 10 to 23 were approved by the trustees, and authorised for issue on 13
December 2024 and signed on their behalf bv..
Veronica Jobbins MBE
Chairman and trustee
The notes on pages 12 to 23 form an integral part of these financial statements.
Page 11

Lewlsham Education Arts Network (LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
I Charlty status
The charity is limited by guarantee, incorporated in England and Wales. and consequently does not have share
capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the
charity in the event of liquidation.
The principal place of business is:
The Albany
Douglas Wav
London
SE8 4AG
These financial statements were authorised for issue by the trustees on 13 December 2024.
2 Accounting policie5
Summary of signlflcant accounting pollcles and key accountlng estimates
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compllance
The flnancial statements have been prepared in accordance with Accountlng and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparlng their accounts in accordance with the
Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191
Icharities SORP IFRS 1021 Second edition October 2019). the Financial Reporting Standard applicable in the
UK and Republic of Ireland IFRS 1021. They also comply with the Companies Act 2006 and Charities Act 2011.
Basls of preparatlon
Lewisham Educatlon Arts Network ILEANI meets the definltion of a public benefit entity under FRS 102. Assets
and liabilitles are initially recognised at historlcal cost or transaction value unless otherwise stated In the
relevant accounting policy notes.
Golng concern
The trustees consider that there are no material uncertaintles about the charity's ability to continue as a going
concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity,
Judgements and key sources of estlmation uncertalnty
In the application of the charlty's accounting policies, the trustees are requSred to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on hlstorical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates,
The estimates and underlying assumptions are reviewed on an ongoing basis, Revisions to accounting
estimates are recognised in the periods in which the estimate is revised where revisions affects only that
period, or in the period of the revision and future periods where the revislons affects both current and future
periods.
Page 12

Lewisham Education Arts Network {LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
Income and endowment5
All income Is recognised once the charity has entitlement to the income, it is probable that the income will be
received and the amount of the Income receivable can be measured reliably.
Donations and legocies
Donations are recognised when the charity has been notlfled in writing of both the amount and settlement
date. In the event that a donation is subject to condltions that require a level of performance by the charity
before the charity is entitled to the funds, the income is deferred and not recognised until either those
conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is
probable that these conditions will be fulfilled in the reporting period.
Grunts recelvuble
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants
have been met. Where performance conditlons are attached to the grant and are yet to be met, the Income is
recognised as a liabllity and included on the balance sheet as deferred income to be released.
Investment Income
Dividends are recognised once the dividend has been declared and notification has been received of the
dividend due.
Expendlture
All expenditure is recognised once there is a legal or constructive obligation to that expendlture, it is probable
settlement Is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure headlng that aggregate similar costs to that category. Where costs cannot be directly attrlbuted to
particular headings they have been allocated on a basis conslstent with the use of resource5, wlth central staff
costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Churltuble activltles
Charitable expendlture comprlses those costs incurred by the charity in the delivery of its activlties and
services for Sts beneficiarSes. It includes both costs that can be allocated directly to such actlvities and those
costs of an indlrect nature necessary to support them.
Grunt provlsions
Provisions for grants are made when the intentlon to make a grant has been communicated to the recipient
but there is uncertainty about either the timing of the grant or the amount of grant payable.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff
costs by the time spent and other costs by their usage.
Page 13

Lewisham Education Arts Network (LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the
charity is potentially exempt from taxatlon in respect of income or capital gains received within categories
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Intanglble asset5
Intangible assets are stated in the Balance Sheet at cost less accumulated amortisation and impairment. Thev
are amortised on a straight line basis over their estimated useful lives,
Tanglble flxed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.
Amortlsation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value,
over their expected useful economic life as follows:
Asset class
Website development
Amortlsation method and rate
250A straight line
Depreciatlon and amortlsation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows,,
Asset class
Office equipment
Depreclatlon method and rate
25% straight lin
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed In the ordinary
course of buslness.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised
cost using the effective interest method, less provision for impairment. A provision for the impairment of trade
debtors is established when there is objective evidence that the charity will not be able to collect all amounts
due according to the origlnal terms of the receivables.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquld
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Page 14

Lewlsham Education Arts Network (LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
Trade credltors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an
unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve
months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised Initially at the transaction price and subsequently measured at amortised cost
using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance
of the objectives of the charity.
Deslgnated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restrlcted income funds are those donated for use in a particular area or for speclfic purposes. the use of
which Is restricted to that area or purpose.
Penslons and other post retlrement obligations
The charity operates a defined contribution pension scheme which Is a pension plan under which fixed
contributlons are paid into a pension fund and the charity has no legal or constructive obllgation to pay f urther
contributions even if the fund does not hold sufficient assets to pay all employees the benefits relatlng to
ernployee service In the current and prior periods.
Contributions to defined contributlon plans are recognised in tho Statement of Financial Activlties when thev
are due. If contribution payments exceed the contribution due for service, the excess is recognised as a
prepayment.
3 Income from donations and legacles
Unrestricted
Total
2024
Total
2023
General
Restricted
Donations and legacies.
Donations from indlviduals
Grants, including capital grants,.
LBL- Core grant
London Borough of Culture
LBL - Fundraiser host
Paul Hamlyn Foundation
The Samuel Gardner Memorial
Trust
41
41
30,000
30,000
30,000
1.500
30,000
30,000
72,300
30,000
72,300
1,000
1,000
30,041
103,300
133,341
61,505
Page 15

Lewisham Education Arts Network (LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
4 Income from charitable actlvities
Total
2024
Total
2023
Fees and supplies
2,850
5 Investment Income
Total
2024
Total
2023
Interest receivable and similar income,,
Interest receivable on bank deposits
57
6 Expendlture on charitable activities
Total
2024
Total
2023
Note
Amortisation of website development
Telephone and fax
Grant funding of activities
Staff costs
2,015
490
572
47,565
91.100
19,182
17,021
io
73,379
13,728
12,383
Project costs
Support costs
175,440
101,995
7 Grant-maklng
Analysls of grants
Grants to
Instltutions
2024
Analysis
People Space
Trinity Laban
31,750
15,815
47,565
Paul Hamlyn Fund restricted project has 3 partners, LEAN, People Space, Trinity Laban. LEAN manages the
funding and the partners are paSd agreed budget amounts to carry out their agreed budget.
Page 16

Lewisham Educatlon Arts Network (LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
8 Analysls of support costs
Support costs
Total
2024
Total
2023
Rent
7,722
298
6,682
349
Insurance
Office expenses
Printing, postage and stationery
Trade subscriptions
Sundrles
2,206
127
428
174
252
488
714
Marketing
Independent examination
Legal and professional
Bank charges
Depreciation of office equlpment
1.099
1,908
2,250
60
611
1,854
1,509
60
613
17,021
12,383
9 Trustees remuneration and expenses
No trustees, nor any persons connected wlth them, have received any remuneration from the charity during
the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
10 Staff costs
The aggregate payroll costs were as follows..
2024
2023
staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
Subcontract cost
67,748
71,589
66
1,690
21,500
162
1,724
Staff training
91,100
73,379
Page 17

Lewisham Educatlon Arts Network (LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
The monthly average number of persons lincluding senior management / leadership team) employed by the
charity during the year expressed as full tlme equivalents was as follows..
2024
2023
No
Charitable activitles
512023 - 41 of the above employees participated In the Defined Contribution Pension Schemes.
No employee received emoluments of more than £60,000 during the year.
During the year the charlty made the following transactions with key management personnel..
Manager
The Manager received remuneration of £29,400 {2023.. £29,920) and £Nil12023'. £1,035) of expenses were
reimbursed during the year.
11 Penslon and other schemes
Deflned contrlbutlon penslon scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents
contributions payable by the charity to the scheme and amounted to £1,69012023 - £1,7241.
12 Intanglble fixed assets
Other
Intanglble
asset
Total
Cost
At l April 2023
8,060
8,060
At 31 March 2024
8,060
8,060
Amortisatlon
At l April 2023
8.060
8,060
At 31 March 2024
8,060
8,060
Net book value
At 31 March 2024
At 31 March 2023
Page 18

Lewisham Educatlon Arts Network {LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
13 Tangible flxed assets
Furniture and
equlpment
Total
Cost
At l April 2023
4,062
4,062
At 31 March 2024
4,062
4.062
Depreclatlon
At l April 2023
Charge for the year
3,001
613
3,001
613
At 31 March 2024
3,614
3,614
Net book value
At 31 March 2024
448
448
At 31 March 2023
1,061
1,061
14 Debtors
2024
2023
Prepayments
255
247
15 Cash and cash equlvalents
2024
2023
Cash at bank
65,510
101,756
16 Credltors: amounts falling due wlthln one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
4,651
2,479
247
1,914
268
Accruals
1,908
1,854
9,285
4,036
17 Taxatlon
The charity is a registered charity and is therefore exempt from taxation.
Page 19

Lewisham Education Arts Network (LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
18 Funds
Current period
Balance at I
Aprll 2023
Incoming
resources
Resources
expended
Balance at 31
March 2024
Transfers
Unrestrlcted
General
General Funds
30,873
30,041
169,1821
23,436
15,168
Deslgnoted
Contingency
15,302
15,302
Total unrestrlcted
46,175
30,041
169,1821
23,436
30,470
Restricted
Lewisham Live
1,485
16,000
23,436
11,931
11,4801
111,6561
Army of Creatives
CEZ
1,000
5,344
123,436)
Fundraiser host
Paul Hamlyn Foundation
30,000
72,300
138,4261
154,6961
3,505
17,604
52,852
103,300
1106,2581
123,4361
26,458
Total funds
99,027
133,341
1175,4401
56,928
Page 20

Lewisham Education Arts Network (LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
Previous period
Balance at
31 March
2023
Balance at I
Aprll 2022
Incomlng
resources
Resources
expended
Transfers
Unrestricted
General
General Funds
13,2291
32,855
174,261)
75,508
30,873
De51gnoted
Contingency
15,245
57
15,302
Total unrestrlcted
12,016
32,912
174,2611
75,508
46,175
Restricted
LBL Early Years Music
LBL I nformal Learning
Lewisham Live
Youth Arts Network
5,000
17,091
14,200
37,342
50,283
465
15,0001
117,342)
111,7601
15,8811
126,8471
14651
12131
18,0001
1,500
{1,2491
19551
115,4611
1,485
16,000
23,436
CEZ
CEC - Bellingham Project
A New Direction
Restricted Funds J
213
30,000
110,0691
11,931
124,594
31,500
127,7341
175,5081
52,852
Total funds
136,610
64,412
1101,9951
99,027
Page 21

Lewlsham Education Arts Network (LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
The specif ic purposes for which the funds are to be applied are as follows.,
Lewlsham Live: an annual festival that celebrates children and young people's music and dance in Lewisham.
LEAN facilitates and supports the festival.
CEZ- partnershlp wlth LB of Lewlsham for Lewisham Llve Creative Careers Development project.
CEC - Bellingham: partnership with A New Direction for London Cultural Education Challenge project.
A New Direction.. LEAN offers support and development to increase Arts Award take-up in Lewisham.
Education Partner - London Borough of Culture- LBOC is a unique opportunity for Lewisham to celebrate its
diverslty, arts and cultural history and raise our profile across London,. connecting all the histories of Lewisham
to our present and harnessing and reflecting the tremendous pride in Lewisham that residents, especially
children and young people have. As Education Partner,
School Consultation
LEAN works alongside the Borough of Culture team specifically with the borough's
schools, to ensure schools and pupils are active in collaboration and benefit fully from the programme.
Army of Creatives- In response to needs identified by LEAN'S consultation with Career Leads, Arts Managers
and young people, LEAN created a creative careers programme that introduced a diverse group of creative
professionals to year 9 students in Lewisham secondary schools.
The CEZ project was completed in 2022 as required. The funding remained designated as CEZ as the portions
allocated for project management and the salary of the project co-ordinator were never transferred over to
Core Costs. The Trustee5 Finance Working Group and the Full Board agreed this was the case and authorised
the transfer to unrestricted rather than leave Core Budget in deficit.
19 Analysls of net assets between funds
Current period
Total funds at
31 March
2024
Unrestrlcted funds
General
Deslgnated
Restrlcted
funds
Tangible fixed assets
Current assets
448
448
24,005
19,2851
15,302
26,458
65,765
19,2851
Current liabilitie5
Total net assets
15,168
15,302
26,458
56,928
Page 22

Lewlsham Education Arts Network (LEAN)
Notes to the Financial Statements for the Year Ended 31 March 2024
Prevlous period
Total funds at
31 March
2023
Unrestrlcted funds
General
Designated
Restrlcted
funds
Tangible fixed assets
Current assets
1,060
33,849
14,036}
1,060
102,003
14,0361
15,302
52,852
Current liabillties
Total net assets
30,873
15,302
52,852
99,027
20 Related party transactlons
There were no other related party transactions In the year.
Page 23