Company registration number: 05462708 Charity registration number: 1119396 Lewisham Education Arts Network (LEAN) {A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 Fleld Sullivan Llmited 9 Hare & Billet Blackheath SE3 ORB
Lewisham Education Arts Network (LEAN) Contents Reference and Administrative Detai15 Trustees, Report 2to8 Independent Examiner's Report 9tolO Ststement of Financial Activities li Balance Sheet 12 Notes to the Financial Statements 13to25
Lewlsham Education Arts Network (LEAN) Reference and Admlnistrative Detsils Chalrman Veronica Jobbins MBE Secretary Veronica Sarmiento Trustees Sheree-marie Abraham Jessica Austin-Burdett Anna Croall Helena Emmanuel Veronica Jobbins MBE Julia Mirkin Dearbhaile Nairn Jason Page Veronica Sarmiento Beatrice Semple James Thomas Emma Webster Charlty Registration Number 1119396 Company Re8iStratlon Number 05462708 The charity is incorporated in England and Wales. The Albany Douglas Way London SE8 4AG Reglstered Office Independent Examiner Field Sullivan Limited 9 Hare & Billet Blackheath SE3 ORB Bankers HSBC Bank plc 85 Lewisham Hl8h Street London SE13 6BE P38e 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 2025. OBJEcfivES AND ACTIVITIES LEAN, established in 2000, has much to be proud of in achievin8 its primary ambltlon and purpose as an arts and cultural education support organisation, championlng arts learning for children and young people across Lewisham through promoting the growth of creative partnership worklng, Leading the local cultural education partnership, LEAN initiate5, alone, and frequently In partnership, an extensive range of projects, seNices and activities empowering and inspiring our members to collaborate through the development of active networks, brokered support and facilitating collaborative worklng. The trustees confi'rm that they have complied with the requirements of section 17 of the Charitie5 Act 2011 to have due regard to the public benefit guidance published by the Charity Commisslon for England and Wales. PROGRAMME OF WORK 2024- 2025 We are very pleased to report that LEAN continues to receive fundin8 from Lewlsham Council'5 Main Grants Programme, Originally secured for the 3 years 2022-2025, this funding was extended last year to March 2026, which 15 a significant endorsement of LEAN'S impact within the borough. l.Strategic Sector Development LEAN was invited by Lewisham Council to convene the steering group for Lewi5ham Cultural Education Partnership ILCEPI, a partnership established in response to the Lewisham's Cultural Strategy published in July 2023. As part of the Lewisham's Cultural Strategy, Lewisham Education Arts Network ILEANI committed to "Develop a widerforum to bring together schools, youth and children's services, ond cultural orgonlsations to collectively under5tGnd and addre55 the cultural needs of children ond young people and increase opportunlties for culture and creativity in thelr Ilves" (Lewisham Cultural Strategy- July 20231 From April 2024, LEAN has brought tO8ether over 30 arts organisations and schools to form the LCEP. We have worked together to establish shared alms and an action plan through a Theory of Change. Central to this is improvlng communication between schools and arts organlsations and maxlmizing opportunities to share resources and fundlng streams. The group has met 7 times including 2 Youth Consultations, with 47 stakeholders attending from 30 organisations. Vi51t our LCEP webpage to learn more about project and read the Theory of Change. 2.Fundralslng Support LEAN has also been funded by Lewisham Council for 4 years 2022- 2026 to host a Lewisham Fundraising and Development Manager IArtsl post as part of an initiatlve to support the voluntary, arts and sports sectors, The role has been covered by a combination of the LEAN team with freelance fundraisers SUPPOrt includlng an ongoin8 contract with Chloe Booth, highly experienced in arts fundraising. Pa8e 2
Lewlsham Educatlon Arts Network (LEAN) Trustees, Report The final quarter brought a positive end to Year 3 of the FDM programme doing well against targets for the year; supporting 186 people through fundraising workshopslevents, exceeding our target of 90. Across those supported, a total of almost £267,000 was applied for or planned to apply for. and £56,980 was secured. This included a donation of £15,000 towards LEAN'S core costs from the Garfield Weston Foundation anew funder for LEAN. The grant was awarded with the aim of supportlng LEAN'S Infrastructure so we can successfully lead the implementation of the LCEP over the next 12 months- thls proposal will form the basls of our fundraisin8 efforts for the LCEP'S strategic function, alongside project-based fundraising for specific deliverable projects with and for young people in the borough. Durin8 2024 the Arts Fundralsing Development programme included: Dellvering 32 Advice surgeries/bid revlews Bromley and Lewisham Fundraising Conference in June aimed at voluntary and communlty organisations workin8 in and planning to work in Bromley and Lewisham was attended by 38 people A Breakfast Club three-part online and in person workshop series in the second half of the year focuslng on the ACE Developing Your Creative Practice 8rant was attended by 32 people and led by consultant Daisy Hale. A three-part Developing Your Fundraising Strategy online and in person workshop series, led by Fundraising Development consultant Chloe Booth was attended by 17 people. A "Getting Your Governance Right" workshop in March 2025, co-organised with Karen Jefferys and Lewisham Local, explorlng dFfferent legal struttures for groups was attended by 18 people. 3.Workforte support, development and sector Communication LEAN has continued to support the arts and cultural workforce and those involved with providing creative experiences for children and young people bv,. Supporting 20 people through one to onelsmall group advice sessions providing bespoke support based on individual need. Communication through our website. monthly bulletins. targeted newsletters (to arts freelancers and teachers for example), events, meetings and trainin8. LEAN website reteived 9638 visits, exceeding our annual target by over 20% Organising face to face and onllne network events Arts Freelancer 8reakfa5t Network: A total of 41 freelancers attended this year (excluding Fundraising events abovel included in April 2024 3 Breakfast Club at Lewisham Hospital's Healing Garden; in November 2024 a Freelancers, Breakfast Club focusing on how to work with schools run by Deputy Headteacher, Prenderga5t Primary School and LEAN trustee Emma Webster. Cuttural Connectors: LEAN sent 17 newsletters to 157 Cultural Connectors, a network of school-ba5ed 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 organisations in Lewi5ham. A termly in-person meeting at borough wide arts venues was provided with 23 Cultural Connectors attending LEAN'S events; 25th June 2024 at the Broadway Theatre Catford, meeting with theatre staff and Peter Stickney, the director the Lord Chamberlain's Men Theatre Company. Peter led a workshop based on their production of Hamlet and shared a free offer exclusively available to Lewlsham schools. Page 3
Lewisham Education Arts Network (LEAN) Trustees, Report 10th October 2024 at Migration Museum whlch included a special tour of their exhibition All Our Stories.. Migration ond the Making of Brltain. The museum team gave an Introduction on their legacy learning resources which explore Lewisham's rich migration stories as well as an exploration on how teachers could incorporate migration in their Curriculum. 25th February 2025 at Catford Library. The meeting focussed on how to nurture Lewisham's young writers, Spread the Word and guest poet Keith Jarrett presented the campaign that trowned Lewisham as the UK'5 first Borough of Literature and described how schools could be involved. Tabitha Hayward. New Writers and Participatlon Producer at the Royal Court Theatre shared Information about the inaugural Young Playwrights Award open to 13-18-year-olds living in London. LEAN also collaborated with the new arts teachers practice-sharing network - Lewisham Arts School Hub ILASH)-to promote their termly events. Youth Arts Bulletin: Four newsletters were sent out to the network during this period. Membership totals 110 recipients with 52 free and low-cost opportunities and activities 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 Participatory Arts London and Lewisham Visual Arts Network which was developed by Deptford X, APT Gallery and Studios, Goldsmiths CC4 and LEAN. Julia Raven5croft ILEAN Programme Engagement Officer) has regularly attended the Bellin8ham Interagency meeting which takes place in Bellingham six times a year. 4.Events and Projects LEAN'S AGM and arts educatlon conference Play your part: shaping a creatlve future for Lewlsham's young people- February 2025 LEAN'S major annual event and AGM took place at Lewisham Youth Theatre with the theme of Lewisham's Cultural Strategy and the new Strategic Plan of the LCEP led by LEAN. Speeches Keynotes: Lewisham Youth Theatre- Members. Committee Veronica Jobbins MBE, Chair of Trustees LEAN Sharon Trotter, Director LEAN Page 4
Lewlsham Education Arts Network (LEAN) Trustees, Report Workshops Embedding Youth Volce with Youth Steering Group, Lewisham Youth Theatre Arts for Soclal Impart.. Worklnq In partnershlp to drfve positive change with Natalie Clarke, Senior Producer- London Bubble Theatre Building new opportunltiesfvr creotlve work experlencefor young people.. How o 'gmup' model can provide o meanln9Aul oltemative with Sharon Trotter, Director LEAN and Chantelle Michaux, Schools & Business Partnerships Man38er- Waltham Forest Digital & Creative Careers Cluster Using Artsmork to help embed arts culture. ond creativity in the curriculum with Tara Page. PhD, SFHEA, Professor- Department of Educatlonal Studies, Goldsmiths 46 people attended from 75 who reglstered, a reasonable attendance/non-attendance ratio compared with similar events. 100% of attendees surveyed stated that the talks were informative and thought-provokin8, and 100% rated the workshops a5 very relevant or relevant. We are aware that we need to encourage more teachers from schools to attend and will be prioritizin8 that at our next event. Movlng Stories- funded by Paul Hamlyn Teacher Development Fund During this period. our 2-year project {Sept 23-Oct 251 Moving Stories,. embedding dance and droma in SEND teacher practice, was developed, 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 during the year with six Lewisham Schools: Watergate, Brent Knoll, Drumbeat, New Woodlands and the Resource Bases at Tidemill and Athelney Primary reaching 206 pupils. Artists from theatre and dance collaborated with teachers to improve communication skllls of young people facing high levels of disadvantage. Communication skills are the key to Unlocking young peoples, ability to thrive as active, engaged and connected members of their communities. Combining dance and drama ensures the activities are fully inclusive for thildren with a wide range of complex needs. Teachers and artists have learnt from each other and spread good practice to colleagues, ensuring young people with special needs have access to a rich and exciting arts curriculum which supports their life skills. Creatlve Careers Programme / Army of Creatlves In 2023 we were very pleased to receive Arts Council En8land funding1£29,700) for our Army of Creatives project which ran until September 2024, It intluded recruiting 30 local artists to deliver 80 creative career workshops atross 16 different school and education settings in Lewlsham, benefitlng a total of 2080 young people aged 12-14 nurnber of students, and for the first time, running an innovative Creative Industries group work experience week for 14 Year 10 students from Deptford Green School. We recruited a new Programme Manager, Holly Mccomish, to deliver the whole project. The full Army of Creatives (AOCI project report is available on the LEAN webslte. The work experience week has been captured in a short film. In October 2024, we were delighted to win a second year of ACE funding1£298601 for Aoc 2025. We recruited a new Programme Manager, Rebecca Denby, who was in position from January 2025 to deliver the project. The first phase of schools, workshops took place in March 2025. reaching 400 students. As the majority of the project was delivered out of the period tovered by this annual report. It will be fully detailed in the next annual report 2025-2026. Page S
Lewisham Education Arts Network (LEAN) Trustees. Report Tfustees and offiters The trustees and officers serving during the year and since the year end were as follows: Trustees: Sheree-marie Abraham (appointed 8 May 20241 Jessica Austin-Burdett {appointed 8 May 2024) Maria Conyard (resigned 20 November 2024) Anna Croall lappointed 8 May 2024) Helena Emmanuel {appointed 8 May 20241 Holly Henry (resigned 21 April 2025) Veronica Jobblns MBE Julia Mirkin Dearbhaile Nairn Jason Page Veronica Sarmiento Beatrice 5emple James Thomas Emma Webster Chairman: Veronica Jobbins MBE Secretary: Veronica Sarmiento 5trurture• governance and management Nature oAgovernlng 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. Recruitment and oppolntment of trustee5 The work of LEAN'S officers is guided and overseen by a Board of Trustees. Trustees volunteer for appointment and are initially Ci>OPted by the other Trustees at one of the regular meetings of the Board. Appointments are approved at Annual General Meetings of the Company. Indurtion und trulnlng oAtrustee5 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 responslbilities placed upon them by the Memorandum of Association of the Company. Page 6
Lewisham Educatlon Arts Network (LEAN) Trustees. Report ArrongementsAor settlng key m17ncgementpersonnel remunemtion 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 artions 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 thls 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 received that will not be drawn on wlthin the next 6 months Is transferred to the HSBC deposit account to earn interest before it is used. Managing flnan¢lal risk 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 activities planned are fully funded and sets in place contingencies in case anticipated funding appllcations are unsuccessful. LEAN has robust financial procedures in place to ensure agalnst the risk of loss or fraud. Expenditure is mana8ed by the LEAN Director and overseen by the Finance Subgroup, of 4 Trustees. The HSBC bank account mandate requires 2 signatories for bank transactions. {3 trustees + the director are currently named as signatories} Elettronic payments made by the director as Primary Online User and also by the Finance Oflicer as secondary user. approved by the Director. All payments are logged by the Finance Officer and by countersigned electronically by 2 Finance Group trustees. One of the Finance Group trustees is set up as Secondary User and monitors the bank account transartions on a monthly basis. LEAN Flnance poliry 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 7
Lewisham Educatlon Arts Network (LEAN) Trustees. Report Statement of tru5tees' PonSIbl11t1eS The trustees {who are also the directors of Lewisham Education Arts Network ILEANI for the purposes of company lawl are responsible for preparing the trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statement5 for each financial year. Under company law the trustees must not approve the financial 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 resoljrces and Bpplication of resource5. including its income and expenditLtre, of the charitable company for that period. In preparing these financial Statements, the trustees are required to: select suitable accounting policies and apply them consistentty: observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent: state whether applicable accounting Standards, comprisin8 FRS 102 have been followed, subject to any material departures dixlosed and explained in the financial statements: and prepare the financial statements on the going concem 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 disc105e with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial 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 prevention 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 jurisdittions. The annual report was approved by the trustees of the charity on 19 September 2025 and si8ned on its behalf by: Veronica Jobbins MBE Chairman and trustee Page 8
Lewlsham Educatlon Arts Network (LEAN) Independent Examiner's Report to the trustees of Lewisham Education Arts Network (LEAN) ('the Company,) I report to the charlty trustees (who are also Dlrettors for the purpose of company law) on my examinatlon of the accounts of the Lewisham Education Arts Network ILEANI I'the charitable companv) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes 11 to 25. This report is made solely to the charit¢s trustees. as 3 body. in accordance with section 145 of the Charitie5 Act 2011. My work has been undertaken so that I might state to the charitvs trustee5 those matters l am required 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 chariWs trustees as a body, for my work, for this report, or for the opinions I have formed. Responsibilltles and basis of report As the charity's trustees of Lewisham Education Arts Network ILEANI you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2(KJ61'the 2006 ACVI. Having satisfied myself that the accounts of Lewisham Education Arts Network (LEAN} are not required to be audited under Part 16 of the 2006 Act and are eli8ible for independent examination, I report in respert of my examination of your charitws accounts as carried out under sectlon 145 of the Charities Art 2011 {'the 2011 Act.). In carryin8 Out my examination I have followed the Dlrections 8iven by the Charity Commission under section 14515llb) of the 2011 Act, An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurante that an independent examination can provide. Consequently l express no opinlon as to whether the financial statements present a 'true and fairf view and my report is limited to those specific matters set out in the independent examinerfs statement. Independent examinerfs staternent 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: actounting records were not kept in respect of Lewisham Education Arts Network ILEANI as required by section 386 of the 2006 Act; or 2. the accounts do not accord with 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 view. which is not a matter considered as part of an independent examination,- or 4. 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}. Pa8e 9
Lewisharn Education Art5 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 connection with the examination to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. rim Sullivan FCA Field Sullivan Limited 9 Hare & Blllet Blackheath SE3 ORB 2025 Page 10
Lewisham Educatlon Arts Network (LEAN) (Reglstration number: 05462708) Balance Sheet as at 31 March 2025 2025 2024 Note Flxed assets Tangible assets 12 448 Current assets Debtors 13 5,612 126,165 25S Cash at bank and in hand 14 65.510 131,777 65,765 Creditors: Amounts falllng due wlthln one year 15 (13,835) {9,285) Net current assets 117.942 56,480 Net assets 117.942 56,928 Funds of the charlty: Restricted income lunds Restricted funds 74.242 26,458 Unrestricted income fund5 Unrestricted funds 43.700 30.470 Total funds 17 117,942 56,928 For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companie5. Directors, responsibilities.. The members have not required the charity to obtain an audit of its atcounts for the year in question in accordance with section 476; and The directors acknowledge their responsibilities for complying with the requirements of the Art with respect to accounting record5 and the preparation of accounts. The financial statements on page5 11 to 25 were approved by the trustees, and authorised for issue on 28 November 2025 and signed on their behalf by= Veronica Jobbins MBE Chairman and trustee The notes on pa8es 13 to 25 form an integral part of these financial statements. PaBe 12
Lewisham Education Arts Network (LEAN) Notes to the Financial Statements for the Year Ended 31 March 2025 I Charity ststus The charity is limited by guarantee. incorporated in England and Wales, and consequently does not have share capital. Each of the trustees 15 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 Way London SE8 4AG These financial Statements were authorised for issue by the trustees on 28 November 2025. 2 Accounting pollcles Summary of significant accountlng pollcies and key accountlng estimates The principal accounting policies applled in the preparation of these financial statements are Set out below. These policies have been conslstently applied to all the years presented, unless otherwise stated. ststement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective l January 2019) - (Charities SORP IFRS 1021- Second edition October 2019}. the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. They also comply with the Companies Act 2006 and Charities Act 2011. Basis of preparation Lewisham Education Arts Network {LEAN} meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially reco8nised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Golng concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any slgnificant areas of uncertainty that affect the carrying value of assets held by the charity. Page 13
Lewisham Education Arts Network (LEAN) Notes to the Financial Statements for the Year Ended 31 March 2025 Judgements and key sources of estimatlon uncertainty In the application of the charity'5 accounting policies, the trustees are required 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 historical 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 revisions affects both current and future periods. Income and endowments All income is recogni5ed 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. Donatlons and legacie5 Donations are recognised when the charity has been notified In writing of both the amount and settlement date. In the event that a donation is subject to conditions 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. 6mnts retelvable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met. the income is recognised as a liability and included on the balance sheet as deferred income to be released. Investment income Dividend5 are recognised once the dividend has been declared and notification has been received of the dividend due. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it 15 probable settlement 15 required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headin8S they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charees allocated on the portion of the asset's use. Other support cost5 are allocated based on the spread of staff costs, Charhoble qrtivities Charitable expenditure compri5e5 those costs incurred by the charity in the delivery of its activltles and services for its beneficiarles. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 14
Lewisham Education Arts Network (LEAN) Notes to the Flnancial Statement5 for the Year Ended 31 March 2025 Gront provlsk>ns Provisions for grants are made when the Intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant orthe 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 resource5, for example, allocating property costs by floor area5. or per capita, staff costs by the time spent and other costs by their usage. Taxation The charity is considered to pass the tests set out in P3ra8raph 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 taxation 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. Tangible fixed assets Individual fixed assets costing £500.00 or more are Initially recorded at cost. less any subsequent accumulated depreciation and subsequent accumulated impaim)ent losses, Amortlsation Amortisation is provided on intangible fixed assets so as to write off the cost, less any estlmated resldual value, over their expected useful economic life as follows: Asset class Website development Amortisatlon method and rate 25% straight line Depreciatlon and amortisation 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 Depreclation 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 business. 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 original terms of the receivables. Page 15
Lewlsham Education Arts Network (LEAN) Notes to the Financlal Statements for the Year Ended 31 March 2025 Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade credftors 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 strurture Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Penslons and other post retlrement obllgatlons The tharity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charlty has no legal or construrtive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recogni5ed in the Statement of Financial Actlvities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as prepayment. Page 16
Lewisham Educatlon Arts Network (LEAN) Notes to the Flnancial Statements for the Year Ended 31 March 2025 3 Income from donations and legacies Unrestrlcted Total 2025 Total 2024 General Restrlrted Donations and legacies; Donations from individuals Grants, including capital grants: LBL- Core grant LBL- Fundraiser host Arts Council England LLB Grant Paul Hamlyn Foundatlon The Samuel Gardner Memorial Trust 1,716 1,716 41 30,000 30,000 30,000 56.664 2,000 86,700 30,000 30,000 30.000 56,664 2,000 86.700 72.300 1,000 London Community Foundation D'oyly Carte Charitable Trust Garfield Weston Foundation 14,000 4,000 14.000 4,000 15,000 15,000 45,000 195.080 240.080 133,341 4 Investment income Unrestrlcted funds General Total 2025 Interest receivable and similar income: Interest receivable on bank deposits 2,100 2,100 Page 17
Lewlsham Education Arts Network (LEAN) Notes to the Financlal Statements for the Year Ended 31 March 2025 5 Expenditure on charitable activities Totsl 2025 Total 2024 Note Travel and subsistence 58 Telephone and fax Grant funding of activities Staff costs 619 572 38,699 93,249 29,550 18,991 47,565 91,100 19,182 17,021 Project costs Support costs 181,166 175.440 6 Analysls of support costs Support costs Totsl 2025 Total 2024 Rent 8,005 256 7.722 298 Insurance Office expenses Printing, postage and stationery Trade subscriptions Sundries 822 2,206 127 377 252 816 488 Marketing Independent examination Legal and professional Bank charges Depreciation of olce equipment 69 1,099 1,908 2.250 60 1,602 6,535 60 449 611 18,991 17,021 Page 18
Lewisham Educatlon Arts Network (LEAN) Notes to the Financial Statements for the Year Ended 31 March 2025 7 Staff costs The aggregate payroll costs were as follows: 2025 2024 Staff costs durlng the year were: Wages and salaries Social security Costs Pension costs 68,727 215 67.748 1,496 22,095 716 1,690 21,500 162 Subcontract cost Staff training 93.249 91,100 Thè monthly average number of persons {intludinE senior management / leadership team) employed by the charity durin8 the year expressed as full time equivalents was as follows". 2025 No 2024 No Charitable activitie5 412024- 5} of the above employees participated in the Defined Contribution Pension Schemes. No employee received emoluments of more than £60.000 durin8 the year. During the year the charlty made the following transactions with key management personnel.. Manager The Manager recelved remuneration of £34,77412024'. £29.4001 and £Nil 12024; £Nil) of expenses were reimbursed during the year. 8 Trustees remuneration and expenses No trustees. nor any persons connected with 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. Page 19
Lewisham Education Arts Network (LEAN) Notes to the Financial Statements for the Year Ended 31 March 2025 9 Grant-makSng Analysi5 Of grant5 Grant5 to instltutlons 2025 2024 Analysls People Space Trinity Laban 12,748 25,951 31,750 15,815 38,699 47,565 Paul Hamlyn Fund restricted project has 3 partners, LEAN. People Space, Trinity Laban. LEAN manages the funding and the partners are paid agreed budget amounts to Grry out their agreed budget. 10 Pension and other schemes Defined contribution pension 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 £1.49612024- £1.6901. 11 Intangible fixed assets Other intanglble Total Cost At l April 2024 8,060 8,060 At 31 March 2025 8,060 8,060 Amortlsation At l April 2024 8,060 8,060 At 31 March 2025 8,060 8,060 Net book value At 31 March 2025 At 31 March 2024 Page 20
Lewisham Education Arts Network {LEAN) Notes to the Financial Statements for the Year Ended 31 March 2025 12 Tangible flxed assets Furnlture and equlpment Total Cost At l April 2024 4,062 4,062 At 31 March 2025 4,062 4,062 Depreclatlon At l April 2024 Char8e for the year 3,613 449 3,613 449 At 31 March 2025 4.062 4,062 Net book value At 31 March 2025 At 31 March 2024 449 449 13 Debtors 2025 2024 Prepayment5 Other debtors 1,868 3,744 255 5,612 255 14 Cash and cash equivalents 2025 2024 Cash at bank 126,165 65,510 Page 21
Lewi5ham Educatlon Arts Network (LEAN) Notes to the Financial Statements for the Year Ended 31 March 2025 15 Creditor5: amounts falllng due wlthln one year 2025 2024 Trade creditors Other taxation and social security Other creditors 4,651 2,479 247 2,756 9,477 1,602 Accruals 1,908 13.835 9,285 16 Taxation The charity is a registered charity and is therefore exempt from taxation. 17 Funds Current perlod Balance at I Aprll 2024 Incoming resources Resources expended Balance at 31 March 2025 Transfers Unrestrlcted Geneml General Funds 15,168 47,100 133,8701 14.5201 23,878 Designated Contingency 15,302 4.520 19,822 Total unrestricted 30,470 47.100 {33,8701 43,700 Restrlcted Lewlsham Live {5) Army of Creatives Army of Creatives {2) LCEP 5,344 29,790 30,874 17,000 30.716 86,700 {26,316} (11,851} (14.1801 {32,6041 (62,3451 8.823 19.023 2,820 1,617 41,959 Fundraiser host Paul Hamlyn Foundation 3,SOS 17,604 26,458 195,080 {147,2961 74.242 Total funds 56,928 242,180 {181,166) 117,942 Page 22
Lewi5ham Education Arts Network (LEAN) Notes to the Financial Statements for the Year Ended 31 March 2025 Prevlous period Balance at 31 March 2024 Balance at I April 2023 Incomlng resources Resources expended Transfers Unrestricted Genernl General Funds 30,873 30,041 {69.1821 23.436 15.168 Deslqn(Jted Contingency 15,302 15.302 Total unrestricted 46,175 30,041 {69,1821 23,436 30,470 Restiicted Lewisham Live Youth Arts Network 1.485 16,000 23,436 11,931 11.4801 111,6561 1,000 5,344 CEZ 123,4361 Restricted Funds J 30,IX)O (38.4261 3,505 52,852 31,000 (51,5621 123,4361 8,854 Total funds 99,027 61.041 1120,7441 39,324 Page 23
Lewlsham Education Arts Network (LEAN) Notes to the Financlal Statements for the Year Ended 31 March 2025 The specific purposes for whlch the funds are to be applied are as follows- Lewisham Llve: an annual festival that celebrates children and young people's muslc and dance in Lewlsham. LEAN facilitates and supports the festival. CEZ- partnership with LB of Lewisham for Lewisham Live 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 Cultur& LBOC is a unique opportunity for Lewisham to celebrate its diversity, 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 Creative$111- took place during the school year October 2023-September 2024. 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 8-9 students in Lewisham secondary schools. AOC l is supported by Art Council England, Army of Creatives12)-took place during the school year November 2024-October 2025. AOC 2 is supported bv Art Council England and D'oyly Carte, and some income raised from participating schools. LCEP (Lewisham Cultural Education Partnership}- As part of the Lewisham's Cultural Strategy (July 20231, LEAN was invited by Lewisham Council to lead an LCEP Steering group of over 30 arts organisations and schools to collectively understand and address the cultural needs of children and young people and increase opportunities for culture and creativity in their lives. This is funded by contribution form Deptford Challenge Trust and income from Lewisham Council. Fundraiser host - Funded for four years by the London Borough of Lewisham 2022 - March 2026 to host the role of Lewisham Fundraising and Development Manager (Arts} to increase sustainability in the sector by building Strength and capacity to attract fijnds from wider sources across all artForms and arts delivery. Paul Hamlyn Foundation Partnership with Trinity Laban and Peoplescape Theatre for the project Moving Stories= Embedding Dance and Drama in SEND teacher practice. It is one of the 8 UK-wide projects chosen for support from Round 6 of Paul Hamlyn Teacher Development Fund. LEAN holds the full project budget on behalf of the partners [Income funds relating to Corel Garfield Weston Foundation- Grant of £15,000 came in on 26.03.2025 relating to Core Fund for this year and to be carried over to 2025-26 Deptford Challenge Trust- Income of £14.CIOO received 28.06.204 Towards LCEP {including a contrlbution to Core) Page 24
Lewlsham Educatlon Arts Network (LEAN) Notes to the Financial Statements for the Year Ended 31 March 2025 Lewisham Live project had completely finished before the start of the financial year, hence transfer of the remaining £5 to an ongoing project land seemed imrnateriall £4.520 was reallocated to the reserve in compliance with the requirement in our Reserve pollcy to maintain a reserve equivalent to three months, running costs. 18 Analysls of net assets between funds Current period Total funds at 31 March 2025 Unrestrlcted funds General Designated Restrirted funds Current assets 37,713 113,8351 19.822 74,242 131,777 113,8351 Current liabilities Total net assets 23,878 19,822 74,242 117,942 Previous period Total funds at 31 March 2024 Unrestricted funds General Designated Restricted funds Tan8ible fixed assets Current assets Current liabilities 448 448 24,005 19,2851 15,302 26,458 65,765 (9,285) Total net assets 15,168 15,302 26,458 56,928 19 Related party transartion5 There were no other related party transactions in the year. Page 25