|||||LACES EDUCATIONAL|LACES EDUCATIONAL||
|---|---|---|---|---|---|---|
|||COMPANY LIMITED BYGUARANTEE|||||
|||||I'INANCIAL|STATEMENTS||
|||||YEAR ENDED|31 MARCII 2022||
|Contents|||||||
|Reference|and administrative<br>details||||||
|Trustees|Annual|Rcpon||||3-4|
|lndcpendcnt<br>Revicvver's||||Report|||
|Statement|ol'I'inancial|||Activities|||
|Balance Sheet|||||||
|Notes to|the Financial||Statements||||





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|OBJECTIVES AND ACTIVI'CIES||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|The objects ofLaces Educational<br>arc tire advancement|ol education|||throughout<br>the|||world and|related projects.||||
|STRUCTURE, GOVERNANCE<br>AND hlANAGEMENT||||||||||||
|Nature ofrhr clrvriry<br>vnrfirsgvrcnrivg<br>rlvcvvtcnrs||||||||||||
|Laces Educational<br>is constituted<br>as a cotnpany<br>limited<br>by guarantee||||in England<br>and|||Wales tvith registered|||number||
|6752476 and is registeral<br>tvith the Charity Commission|in|England||and||Wales witlt|number|1127961.Thc Laces||||
|Educational<br>govcming<br>&locumcnts arc its memorandum|and|articles||ofassociation.||||||||
|,1Ivlrvgvvrvlll<br>vial Lucet Erlvcvllvflvl||||||||||||
|The charity<br>is managed<br>by a board ofdirectors<br>tvho arc|also|rite charity's|||trustees, all||ofwhom|serve|on a voluntary|||
|basis. The trustees retire by rotation<br>at each Annual General||Meeting.||||||||||
|The Trustees<br>have<br>had<br>due<br>regard<br>to thc guidance|on|public<br>bcnclit||||published|by the|Clmrity||||
|Commission<br>in exercising<br>their powers and duties.||||||||||||
|FINANCIAI. REVIEW||||||||||||
|Total expenditure<br>for thc period was f36,830(2021:845,872).||||||||||||
|At the end ofMarch 2022, thc results showed<br>total<br>I'unds carried|||forwttrd|||of8 I l4,008(2021:891,547).||||||
|Itutvrvut<br>paiicd||||||||||||
|Laces Educational<br>reserves<br>policy<br>is to retain a sufCicient||l«vel|of|reserves<br>to enable lhe charity|||||(o maintain||its|
|operating<br>activities<br>and continue<br>providing<br>its services|taking||account||of potential||rhths and|contingencies|||that|
|may arise I'rom time to time.||||||||||||
|The policy is reviewed<br>annually<br>by thc trustees<br>and reserves||are|reviewed|||regularly|thmughout|the|year.|||





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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||Funds|Funds|
||||Notes|2022|2021|
||||||8|
|INCOMING<br>RESOURCES||||||
|incoming|resources from generated|finids||||
||Donations<br>received|||50,000|50,000|
||Gilt aid 14MRC refund|||5,691||
|TOTAL|INCOMING<br>RESOURCES|||55,691|50,000|
|RESOURCES EXPENDED||||||
|Cost ofgenerating<br>finals||||||
||Grants made|||(32,000)|(42,750)|
||Administration<br>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<br>offiinils||||||
||Total funds brought<br>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<br>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<br>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'.||||||||||||||





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|||||LACES EDUCATIONAL|LACES EDUCATIONAL||
|---|---|---|---|---|---|---|
|||COMPANY LIMITED BYGUARANTEE|||||
|||NOTES TO THE|||FINANCIAL STATEMENTS||
|||||YEAR ENDED 3I MARCH 2022|||
||||||2022|2021|
|S.|Administrntion<br>espcnscs||||||
||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<br>dte year ended 3 I March 2022 or tlte previous year.||
|g.|Members'<br>liabilities||||||
||ilii companyisdlinuli!il'ling)lit&|||eottt)tnn7: ptpillabgit)~1rntcmbcrls'Iitnitml~rrthnrrKI'0.|||