OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Leeds Gypsy And Traveller Exchange

2024-11-30-accounts

REGISTERED COMPANY NUMBER: 06386295 (England and Wales) REGISTERED CHARITY NUMBER: 1123374

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

LEEDS GYPSY AND TRAVELLER EXCHANGE

Thomas Coombs Limited Statutory Auditor Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB

LEEDS GYPSY AND TRAVELLER EXCHANGE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

==> picture [483 x 696] intentionally omitted <==

----- Start of picture text -----
Page
Report of the Trustees 1 to 3
Report of the Independent Auditors 4 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 19
Detailed Statement of Financial Activities 20 to 21
----- End of picture text -----

LEEDS GYPSY AND TRAVELLER EXCHANGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024

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 30 November 2024. 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, aims and public benefit

To promote any charitable purpose for the benefit of the Gypsy and Traveller community across West Yorkshire (the area of benefit) by such charitable means as the trustees shall determine including the promotion of equality and diversity for the public benefit through activities that foster good community relations, advancement of education, relief of poverty and the presentation and protection of good health.

Significant activities and achievements

The year has seen the charity develop its activities across the Yorkshire region, expanding the services it has historically provided predominantly in the Leeds area, and these are detailed more fully in the Annual Report.

STRATEGIC REPORT

Financial review

The Statement of Financial Activities shows an overall deficit for the year of £92,532 (2023: Surplus of £22,879), which breaks down as a surplus on Unrestricted activity of £129,352 and a deficit of £221,884 on restricted activity, this latter being due to funds received in the previous year being spent on the related services. Overall funds stood at £608,348 at 30 November 2024 (2023: £700,880) of which £35,007 were restricted (2023:£474,217).

Helped by its strong relationships with funders, the organisation has had a very good year and remains in a solid financial position, with income (both restricted and unrestricted) increasing to £1,172,694 (2023: £935,457). This increased income has enabled Leeds Gypsy and Traveller Exchange to expand the support it provides, both in the range of its services and geographically to further areas of West Yorkshire.

Expenditure in the year increased to £1,265,226 (2023: £912,578), due to the increased level of project and partnership activities that Leeds Gypsy and Traveller Exchange has been involved with, and partly due to the clearance of brought forward backlogs in service delivery, reflected in the deficit of restricted fund expenditure over income referred to above, which was enabled by restructuring and improved recruitment.

Whilst rises in the cost of living and Inflation continue to put pressure on its finances, Leeds Gypsy and Traveller Exchange is well placed to meet these due to its strong relationship with funders and its diverse range of funding sources. Prospects for the next 12 months are good, with further funding already secured, but the organisation Is not complacent and will continue to keep its finances under careful review.

Reserves policy

The Trustees have established a policy whereby the unrestricted funds not committed to services or invested in tangible fixed assets ('the free reserves') should be sufficient to sustain the organisation for approximately three months, which they judge to be in the range of £250-300,000.

Free reserves at 30th November 2024 are calculated as £246,876. Whilst not yet at the target level these reserves are increased compared to the previous year and the charity will continue to seek ways to increase these to the desired level, whilst continuing to review the reserves policy each year.

Going concern

The Trustees are confident that the actions of the last few years have meant that the Charity is in a strong position to grow and attract future funding and therefore consider It appropriate to prepare the Financial Statements on a going concern basis.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Leeds Gypsy and Traveller Exchange will seek to identify and mitigate against risks that may be incurred through the operation of its business. These include: Risks to the health and safety of its staff. Trustees, members, volunteers, partners and member of the public. Financial risks and business continuity risks for the organisation. Reputational risks for the organisation. The Trustees regularly conduct their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks.

Page 1

LEEDS GYPSY AND TRAVELLER EXCHANGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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

Charity constitution

The charity is a company limited by guarantee and was formed on IS February 2004. It is governed by a memorandum and articles of association incorporated 1 October 2007 as amended by special resolutions dated 19 December 2007 and 24 July 2024. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10. The company was registered as a charity on 29 March 2008.

Recruitment and appointment of new trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the Annual General Meeting.

At every Annual General Meeting one third of the elected members of the Board of Trustees shall retire from office.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06386295 (England and Wales)

Registered Charity number

1123374

Registered office

Ground Floor Crown Point House 169 Cross Green Lane Leed West Yorkshire LS9 0BD

Trustees

Mrs E Spaven - Home Maker R Powell - University Lecturer Miss R Price - Mother Mrs K Connors - House Maker Mrs S Cregan - Director Of Development And Innovation H Hanrahan - Home Maker A J Bagley - Retired

Auditors

Thomas Coombs Limited Statutory Auditor Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Leeds Gypsy And Traveller Exchange for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 2

LEEDS GYPSY AND TRAVELLER EXCHANGE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Company law requires the trustees to prepare financial statements for each financial year which 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 the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

In so far as the trustees are aware:

AUDITORS

The auditors, Thomas Coombs Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 23 July 2025 and signed on the board's behalf by:

A J Bagley - Trustee

Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF LEEDS GYPSY AND TRAVELLER EXCHANGE

Opinion

We have audited the financial statements of Leeds Gypsy And Traveller Exchange (the 'charitable company') for the year ended 30 November 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF LEEDS GYPSY AND TRAVELLER EXCHANGE

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Other Matters

The comparatives for the year ended 30th November 2023 have not been audited.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF LEEDS GYPSY AND TRAVELLER EXCHANGE

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the entity and industries in which it operates, we identified the principal risks of non-compliance with laws and regulations related to data protection and employment law. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, tax legislation and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

We assessed the susceptibility of the company's financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting and updating our record of internal controls. We determined the principal risks were related to posting journal entries to manipulate profits, and management bias in accounting estimates especially valuation of stock.

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed audit procedures which included, but were not limited to:

At the completion stage of the audit, the engagement partner's review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance of laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement relating to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF LEEDS GYPSY AND TRAVELLER EXCHANGE

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Darwin (Senior Statutory Auditor) for and on behalf of Thomas Coombs Limited Statutory Auditor Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB 30/07/2025 Date: .............................................

Page 7

LEEDS GYPSY AND TRAVELLER EXCHANGE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
General
Investment income
3
Total
EXPENDITURE ON
Charitable activities
5
General
Other
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
17
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
2,874
138,120
5,185
146,179
(23,456)
40,283
16,827
129,352
217,326
346,678
226,663
573,341		 Restricted
funds
£
-
1,026,516
-
1,026,516
1,248,400
-
1,248,400
(221,884)
(217,326)
(439,210)
474,217
35,007		 2024
Total
funds
£
2,874
1,164,636
5,185
1,172,695
1,224,944
40,283
1,265,227
(92,532)
-
(92,532)
700,880
608,348		 2023
Total
funds
£
2,596
932,861
-
935,457
887,830
24,748
912,578
22,879
-
22,879
678,001
700,880

The notes form part of these financial statements

Page 8

LEEDS GYPSY AND TRAVELLER EXCHANGE

BALANCE SHEET 30 NOVEMBER 2024

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank		 Unrestricted
funds
£
229,106
112,770
327,275		 Restricted
funds
£
-
12,000
501,142		 2024
2023
Total
Total
funds
funds
£
£
229,106
242,595
124,770
44,826
828,417
943,341
CREDITORS
Amounts falling due within one year
14		 440,045
(95,810)		 513,142
(478,135)		 953,187
988,167
(573,945)
(528,835)
NET CURRENT ASSETS 344,235 35,007 379,242
459,332
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
15		 573,341
-		 35,007
-		 608,348
701,927
-
(1,047)
NET ASSETS 573,341 35,007 608,348
700,880
FUNDS
17
Unrestricted funds
Restricted funds		 573,341
226,663
35,007
474,217
TOTAL FUNDS 608,348
700,880

The financial statements were approved by the Board of Trustees and authorised for issue on 23 July 2025 and were signed on its behalf by:

A J Bagley - Trustee

The notes form part of these financial statements

Page 9

LEEDS GYPSY AND TRAVELLER EXCHANGE

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest element of finance lease payments paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Capital repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 2024
£
(116,538)
(2,265)
(118,803)
-
1,491
5,185
6,676
(2,797)
(2,797)
(114,924)
943,341
828,417		 2023
£
203,730
(3,162)
200,568
(15,151)
-
-
(15,151)
(2,408)
(2,408)
183,009
760,332
943,341

The notes form part of these financial statements

Page 10

LEEDS GYPSY AND TRAVELLER EXCHANGE

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2024

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Interest element of hire purchase and finance lease rental payments
(Increase)/decrease in debtors
Increase in creditors
Net cash (used in)/provided by operations		 2024
£
(92,532)
11,998
(5,185)
2,265
(79,944)
46,860
(116,538)		 2023
£
22,879
5,479
-
3,162
23,808
148,402
203,730

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/12/23
Cash flow
At
£
£
Net cash
Cash at bank
943,341
(114,924)
943,341
(114,924)
Debt
Finance leases
(3,548)
2,797
(3,548)
2,797
Total
939,793
(112,127)		 30/11/24
£
828,417
828,417
(751)
(751)
827,666

The notes form part of these financial statements

Page 11

LEEDS GYPSY AND TRAVELLER EXCHANGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

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. The financial statements have been prepared under the historical cost convention.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

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.

==> picture [251 x 31] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |Freehold property|-|2% on cost| |Improvements to property|-|4% on cost| |Computer equipment|-|33% on reducing balance|

----- End of picture text -----

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Hire purchase and leasing commitments

The interest element of these obligations is charged to the statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the statement of Financial Activities on a straight line basis over the period of the lease.

continued...

Page 12

LEEDS GYPSY AND TRAVELLER EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

2. DONATIONS AND LEGACIES

Gifts
Donations
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Contract income
General
Sales and Fee Income
General
Grants
General
5.
CHARITABLE ACTIVITIES COSTS
General
6.
SUPPORT COSTS
Management
£
General
24,065
7.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets		 Direct
Costs
£
1,150,191
Information
technology
£
24,658		 2024
£
-
2,874
2,874
2024
£
5,185
2024
£
179,224
-
985,412
1,164,636
Support
costs (see
note 6)
£
74,753
Governance
costs
£
26,030
2024
£
10,000
11,998		 2023
£
11
2,585
2,596
2023
£
-
2023
£
211,329
29,286
692,246
932,861
Totals
£
1,224,944
Totals
£
74,753
2023
£
-
5,479

continued...

Page 13

LEEDS GYPSY AND TRAVELLER EXCHANGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023.

Trustees' expenses

Trustees' expenses
9.
STAFF COSTS
Wages and salaries

Social security costs
Other pension costs

The average monthly number of employees during the year was as follows:
Senior management
Admin and finance
Projects		 2024
£
-
2024
£
852,732
70,961
39,165
962,858
2024
3
2
25
30		 2023
£
35
2023
£
576,524
101,301
28,098
705,923
2023
3
2
21
26

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

Key management personnel are identified as the CEO and the Board of Trustees. The total amount of employment benefits (including employer's national insurance and pensions contributions) charged in the year was £62,268.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,596
Charitable activities
General
111,955
Total
114,551
EXPENDITURE ON
Charitable activities
General
(18,300)
Other
24,748
Total
6,448
NET INCOME/(EXPENDITURE)
108,103
Transfers between funds
(17,011)		 Restricted
funds
£
-
820,906
820,906
906,130
-
906,130
(85,224)
17,011		 Total
funds
£
2,596
932,861
935,457
887,830
24,748
912,578
22,879
-

continued...

Page 14

LEEDS GYPSY AND TRAVELLER EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
funds
£
Net movement in funds
91,092
RECONCILIATION OF FUNDS
Total funds brought forward
135,571
TOTAL FUNDS CARRIED FORWARD
226,663		 Restricted
funds
£
(68,213)
542,430
474,217		 Total
funds
£
22,879
678,001
700,880

11. GOVERNMENT OF IRELAND: THE EMIGRANT SUPPORT PROGRAMME

During the year. Government of Ireland: The Emigrant Support Programme received a grant of £86,767 (2023-£61,767) for the year from 1 July 2024 to 30 June 2025.

The funds were restricted to the following projects;

Advocacy Development - £33,600 (2023: £33,600) Criminal Justice Advocacy - £28,167 (2023: £28,167) Training & Volunteering - £25,000 (2023: £25,000)

Five months grant was utilised in the period to 30 November 2024. Seven months grant income amounting to £47,747 has been deferred to 2024-2025 year and will be utilised by 30 June 2025. Seven months grant income amounting to £47,747 deferred from 2023-2024 year have been utilised this year.

12. TANGIBLE FIXED ASSETS

COST
At 1 December 2023
Disposals
At 30 November 2024
DEPRECIATION
At 1 December 2023
Charge for year
At 30 November 2024
NET BOOK VALUE
At 30 November 2024
At 30 November 2023		 Improvements
Freehold
to
Computer
property
property
equipment
£
£
£
195,630
21,620
50,734
-
-
(1,491)
195,630
21,620
49,243
-
2,161
23,228
1,956
965
9,077
1,956
3,126
32,305
193,674
18,494
16,938
195,630
19,459
27,506		 Totals
£
267,984
(1,491)
266,493
25,389
11,998
37,387
229,106
242,595

continued...

Page 15

LEEDS GYPSY AND TRAVELLER EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Finance leases (see note 16)
Trade creditors
VAT
Accruals and deferred income
Deferred government grants
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Finance leases (see note 16)		 2024
£
112,770
12,000
124,770
2024
£
751
(141)
18,673
11,934
542,728
573,945
2024
£
-		 2023
£
27,500
17,326
44,826
2023
£
2,501
831
11,431
5,500
508,572
528,835
2023
£
1,047

16. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Net obligations repayable:
Within one year
Between one and five years		 Finance leases
2024
2023
£
£
751
2,501
-
1,047
751
3,548

continued...

Page 16

LEEDS GYPSY AND TRAVELLER EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

17. MOVEMENT IN FUNDS

At
1/12/23
£
Unrestricted funds
General
225,213
Designated Core & Strategic
1,450
Property Fund
-
226,663
Restricted funds
Youth Work
23,241
Bradford
12,177
Calderdale
17,326
Leeds
11,306
Wakefield
7,207
West Yorkshire & Specialist
34,905
Core & Strategic
273,926
Embassy of Ireland
17,994
TNCLF
76,135
474,217
TOTAL FUNDS
700,880
Net movement in funds, included in the above are as follows:
Unrestricted funds
General
Designated Core & Strategic
Restricted funds
Youth Work
Bradford
Calderdale
Leeds
Wakefield
West Yorkshire & Specialist
Core & Strategic
Embassy of Ireland
TNCLF
TOTAL FUNDS		 Net
movement
in funds
£
33,444
95,908
-
129,352
(22,168)
(11,029)
(5,907)
(3,609)
(7,216)
(26,411)
(74,852)
5,455
(76,147)
(221,884)
(92,532)
Incoming
resources
£
24,679
121,499
146,178
58,576
28,302
85,786
123,586
110,035
352,665
96,087
86,767
84,713
1,026,517
1,172,695		 Transfers
between
funds
£
17,326
-
200,000
217,326
-
-
(17,326)
-
-
-
(200,000)
-
-
(217,326)
-
Resources
expended
£
8,765
(25,591)
(16,826)
(80,744)
(39,331)
(91,693)
(127,195)
(117,251)
(379,076)
(170,939)
(81,312)
(160,860)
(1,248,401)
(1,265,227)		 At
30/11/24
£
275,983
97,358
200,000
573,341
1,073
1,148
(5,907)
7,697
(9)
8,494
(926)
23,449
(12)
35,007
608,348
Movement
in funds
£
33,444
95,908
129,352
(22,168)
(11,029)
(5,907)
(3,609)
(7,216)
(26,411)
(74,852)
5,455
(76,147)
(221,884)
(92,532)

continued...

Page 17

LEEDS GYPSY AND TRAVELLER EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General
Designated Core & Strategic
Restricted funds
Youth Work
Bradford
Calderdale
Leeds
Wakefield
West Yorkshire & Specialist
Core & Strategic
Embassy of Ireland
TNCLF
TOTAL FUNDS		 Net
At
movement
1/12/22
in funds
£
£
125,871
116,353
9,700
(8,250)
135,571
108,103
30,920
(7,679)
-
12,177
-
-
47,978
(36,672)
5,650
1,557
40,938
(5,718)
334,488
(60,562)
15,133
2,861
67,323
8,812
542,430
(85,224)
678,001
22,879		 Transfers
between
At
funds
30/11/23
£
£
(17,011)
225,213
-
1,450
(17,011)
226,663
-
23,241
-
12,177
17,326
17,326
-
11,306
-
7,207
(315)
34,905
-
273,926
-
17,994
-
76,135
17,011
474,217
-
700,880

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

Unrestricted funds
General
Designated Core & Strategic
Restricted funds
Youth Work
Bradford
Calderdale
Leeds
Wakefield
West Yorkshire & Specialist
Core & Strategic
Embassy of Ireland
TNCLF
TOTAL FUNDS		 Incoming
resources
£
122,801
(8,250)
114,551
97,739
13,001
17,327
51,676
98,567
198,254
120,880
69,650
153,812
820,906
935,457		 Resources
Movement
expended
in funds
£
£
(6,448)
116,353
-
(8,250)
(6,448)
108,103
(105,418)
(7,679)
(824)
12,177
(17,327)
-
(88,348)
(36,672)
(97,010)
1,557
(203,972)
(5,718)
(181,442)
(60,562)
(66,789)
2,861
(145,000)
8,812
(906,130)
(85,224)
(912,578)
22,879

Designated Core & Strategic fund represents funds received from Lankelly Chase towards core services and operations.

The Property fund represents funds received towards the purchase of the charities freehold offices and facilities which have been set aside as a fixed reserve (see notes below).

continued...

Page 18

LEEDS GYPSY AND TRAVELLER EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2024

17. MOVEMENT IN FUNDS - continued

Restricted funds represents grant awards received towards specific projects under the charities overall objectives. A separate record is maintained in respect of each award for the purposes of managing the project and reporting to the grant provider, but for overall disclosure purposes these have been grouped together in these financial statements as follows:

The Youth Work fund represents awards towards specific projects and services provided to assist young people.

The Bradford, Calderdale, Leeds and Wakefield funds represents monies received towards the provision of specific projects centred on those geographical areas.

The West Yorkshire & Specialist fund represents monies received towards specific physical and mental health projects in the West Yorkshire area to enable better health access and outcomes for the Gypsy and Traveller community.

The Restricted Core & Strategic Fund represents monies received for specific projects that fall within the charities overall core activities and aims. The fund balance brought forward included historic awards from Lankelly Chase towards specific projects including £200,000 towards the acquisition of the charity's property; this amount has now been transferred to Unrestricted designated property fund as the terms of the award have been complied with. Other historic awards received from that organisation towards specific projects have been similarly complied with and the funds expended accordingly.

The Embassy of Ireland fund comprises awards under the Government of Ireland Emigrant Support Programme to be utilized on supporting the Irish diaspora Traveller community.

The National Lottery Community Fund (TNCLF) represents monies received towards community based projects promoting social inclusion.

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 November 2024.

Page 19

LEEDS GYPSY AND TRAVELLER EXCHANGE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
Investment income
Deposit account interest
Charitable activities
Contract income
Sales and Fee Income
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Repairs and renewals
Cleaning, Trade Refuse Removal
Photocopier Costs
Computer Consumables
Interent And Mail Costs
Projects And Events
Training Projects
Volunteer Expenses
Travelling expenses
Refreshments
Sub Contract
Consultancy
Hire purchase
Other
Staff Training
Staff Recruitment
Carried forward		 2024
£
-
2,874
2,874
5,185
179,224
-
985,412
1,164,636
1,172,695
852,732
70,961
39,165
2,034
5,640
4,748
15,929
2,727
32,069
3,573
3,204
8,849
75
47,014
-
-
20,080
4,409
32,132
2,585
2,265
1,150,191
22,416
5,869
28,285		 2023
£
11
2,585
2,596
-
211,329
29,286
692,246
932,861
935,457
576,524
101,301
28,098
2,478
5,636
7,752
14,066
2,637
40,597
3,740
2,237
404
1,064
28,631
700
595
12,721
10,237
-
3,126
3,162
845,706
8,883
10,386
19,269

This page does not form part of the statutory financial statements

Page 20

LEEDS GYPSY AND TRAVELLER EXCHANGE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024

Other
Brought forward
Depreciation of tangible fixed assets
Support costs
Management
Trustees' expenses
Advertising
Sundries
Subscriptions
Information technology
IT, Software, Licence support
Governance costs
Auditors' remuneration
Accountancy fees
Legal fees
Payroll fees
Governance costs
Total resources expended
Net (expenditure)/income		 2024
£
28,285
11,998
40,283
-
11,466
8,480
4,119
24,065
24,658
10,000
5,196
5,210
5,223
401
26,030
1,265,227
(92,532)		 2023
£
19,269
5,479
24,748
35
1,257
5,793
2,036
9,121
20,671
-
7,362
13
3,717
1,240
12,332
912,578
22,879

This page does not form part of the statutory financial statements

Page 21