| LACES EDUCATIONAL | LACES EDUCATIONAL | |||||
|---|---|---|---|---|---|---|
| COMPANY LIMITED BYGUARANTEE | ||||||
| I'INANCIAL | STATEMENTS | |||||
| YEAR ENDED | 31 MARCII 2022 | |||||
| Contents | ||||||
| Reference | and administrative details |
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| Trustees | Annual | Rcpon | 3-4 | |||
| lndcpendcnt Revicvver's |
Report | |||||
| Statement | ol'I'inancial | Activities | ||||
| Balance Sheet | ||||||
| Notes to | the Financial | Statements |
| OBJECTIVES AND ACTIVI'CIES | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| The objects ofLaces Educational arc tire advancement |
ol education | throughout the |
world and | related projects. | |||||||
| STRUCTURE, GOVERNANCE AND hlANAGEMENT |
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| Nature ofrhr clrvriry vnrfirsgvrcnrivg rlvcvvtcnrs |
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| Laces Educational is constituted as a cotnpany limited by guarantee |
in England and |
Wales tvith registered | number | ||||||||
| 6752476 and is registeral tvith the Charity Commission |
in | England | and | Wales witlt | number | 1127961.Thc Laces | |||||
| Educational govcming &locumcnts arc its memorandum |
and | articles | ofassociation. | ||||||||
| ,1Ivlrvgvvrvlll vial Lucet Erlvcvllvflvl |
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| The charity is managed by a board ofdirectors tvho arc |
also | rite charity's | trustees, all | ofwhom | serve | on a voluntary | |||||
| basis. The trustees retire by rotation at each Annual General |
Meeting. | ||||||||||
| The Trustees have had due regard to thc guidance |
on | public bcnclit |
published | by the | Clmrity | ||||||
| Commission in exercising their powers and duties. |
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| FINANCIAI. REVIEW | |||||||||||
| Total expenditure for thc period was f36,830(2021:845,872). |
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| At the end ofMarch 2022, thc results showed total I'unds carried |
forwttrd | of8 I l4,008(2021:891,547). | |||||||||
| Itutvrvut paiicd |
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| Laces Educational reserves policy is to retain a sufCicient |
l«vel | of | reserves to enable lhe charity |
(o maintain | its | ||||||
| operating activities and continue providing its services |
taking | account | of potential | rhths and | contingencies | that | |||||
| may arise I'rom time to time. | |||||||||||
| The policy is reviewed annually by thc trustees and reserves |
are | reviewed | regularly | thmughout | the | year. |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| Notes | 2022 | 2021 | |||
| 8 | |||||
| INCOMING RESOURCES |
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| incoming | resources from generated | finids | |||
| Donations received |
50,000 | 50,000 | |||
| Gilt aid 14MRC refund | 5,691 | ||||
| TOTAL | INCOMING RESOURCES |
55,691 | 50,000 | ||
| RESOURCES EXPENDED | |||||
| Cost ofgenerating finals |
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| Grants made | (32,000) | (42,750) | |||
| Administration expenses |
5 | (4,830) | (3,122) | ||
| TOTAL | RESOURCES EXPENDED | (36,830) | (45,872) | ||
| NET INCOMING /(OUTGOING) | RESOURCES FOR | THE YEAR | 18,861 | 4,128 | |
| Reconciliation offiinils |
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| Total funds brought forward |
91,547 | 87,419 | |||
| Total funds carried forward | 110,408 | 91,547 |
| LACES EDUCATIONAL | LACES EDUCATIONAL | LACES EDUCATIONAL | LACES EDUCATIONAL | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COiNIPANY | LIMITED BYGUARANTEE | ||||||||||||
| BALANCE SHEET | |||||||||||||
| AS AT31 MARCH 2022 | |||||||||||||
| Unrcstrieled | Unrestricted | ||||||||||||
| Funds | Funds | ||||||||||||
| 2022 | 2021 | ||||||||||||
| CURRENT ASSETS | |||||||||||||
| Cash at bank and in hund |
I l5,4I48 | 95,033 | |||||||||||
| TOTAL CURRENT | ASSETS | ||||||||||||
| CURRENT LIABILITIES | |||||||||||||
| Other creditors | (3,900) | (546) | |||||||||||
| Accfuals | (I,I40) | (2,940) | |||||||||||
| TOTAL CURRFNT | LIABILITIES | (5,040) | (3,486) | ||||||||||
| iVET ASSETS | I I0,408 | 9I,547 | |||||||||||
| Rcprcrcrlicil Jt)c | |||||||||||||
| UNRESTRICTED FUNDS | T&45( | t)TSR | |||||||||||
| These linancial statcmcnts |
have | been | prcparcsl | in | accordmicc | with the | provisions | applicable | lo companies | subject | |||
| to the small companies | regime and in | nccordancc | wi(h FRS | l02 'The | Financial | Reporting | Standard | applicable | in | ||||
| tlie UF. and Republic ol'Ireland'. |
| LACES EDUCATIONAL | LACES EDUCATIONAL | |||||
|---|---|---|---|---|---|---|
| COMPANY LIMITED BYGUARANTEE | ||||||
| NOTES TO THE | FINANCIAL STATEMENTS | |||||
| YEAR ENDED 3I MARCH 2022 | ||||||
| 2022 | 2021 | |||||
| S. | Administrntion espcnscs |
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| Accountancy | ( I,800) | (900) | ||||
| Legal nnd professional | I'ecs | (3,030) | (2 209) | |||
| Administration | lees | (l3) | ||||
| (4,$30) | (3,I22) | |||||
| 6. | Directors' advances, | credits | nnd gunrnntecs | |||
| There were no transactions | with directors | in the year ended 31 March 2022or the previous year. | ||||
| 7. | Rcl~tcd party transnctinns | |||||
| There were no rclatcd | pnrty | trutsactions | during dte year ended 3 I March 2022 or tlte previous year. |
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| g. | Members' liabilities |
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| ilii companyisdlinuli!il'ling)lit& | eottt)tnn7: ptpillabgit)~1rntcmbcrls'Iitnitml~rrthnrrKI'0. |