LACLS EDUCATJONAL COMPANY LlhUTED BY GUARANTEE FJNANCL4L STATEMEiYrs YEAR ENDED31 MARCH 2025 Compally RegtslYatloD Nvmber 6752476 Cb4rlty No.1127961
LACES EDUCATIONAL COMPANY LIMrrED BY GUARANTEE FINANCIAL KfATEMENTS YEAR ENDED 31 MARCH 2025 Contèllls Page Reference and administrative detalls Twslees Annual Report 34 IndepelldoDI Review¢r'8 Report Stst¢ment of Financial Activities BHlaDce Sheet Notes to the Fitiancl81 SthtemEDts
LACES EDUCATIONAL COMPANY LIMITED BY GUARANTEE REFERENCE AND ADMINISTRATIVE DETAILS YEAR ENDED 31 MARCH 202S Re8l$tered offlee l The Sanctuary Westminster SWIP 3JT Charlty r¢gl$tr&¢lon number 1127961 Company reRlstratAon number 6752476 SoU¢llo Lee Bolton Monler-williams l The Sanctuary Westminster London SWIP 3JT Independellt revlewer N. Colw F.C.A. TC BSG Valentine Limited Chartered Accountanis Lynton House 7- 12 Tavi81ock Squa London WCIH 9BQ TIIE TRUSTEES The tNstees and directors who served the cbarity during the period were as foll¢)ws: Mr PeterFredcrick Barton Beesley Mr HoWd John Del]ar Mr Martin Mackenzie Mrs Maryaret Jan¢ Fulford Secretary Mr Howard John Dellar
LACKS EDUCATIONAL TRusfELS? ANNUAL REPORT YEAR ENDED 31 MARCH 2025 REPORT OF THE IIiUSTEES FOR PEIUOD ENDING 31 MARCH 21125 The trustees are pleased to pre5eDt their annual direc. rqM)rt with the fll]4ncial statements of the ¢barity for the year elld¢d 31 March 2025. The fman¢ial ststemellts compty with the Clwities Aet 2011, th¢ Conwanies Act 2006. the Methorandum and Articles of A&WciatiO and Accounting al RwrtiDg by Chari¢ie5.' StsteJDeDt of Recommended knlee applicable lo ¢haritJes preparing their accowjts ID )rdance witb th¢ Fil1#1 ReportiJ8 Standard uilicable itt the UK atvj Republtc of treland (FRS 1021 The djjects of Les Fjluoational are adva of educalion thBot the world and related projects. Nalur& oflhe churityand itsgoverningdwments Laces EducationaI is Cotlted as a company limited by grwantee in England and Wal¢s with registeduher 6752476 and 15 registered with the Clwity Cotnmiwon in Engla[ Wales wtth numb¢r 1127961. The IAces The charity is managedby a board of dIrS who are a]so the ctrwity'strustees.allofwlh)rn serv¢on avollllltrry The Tntsttts 1C had regd the guidance on public benefit publtsld by the Charity Cotnmission in oxercising tbeir p)wets aryj duti&s. Totsl incOu for 2025 was£216278 (2024 £1(KJ.847). Total pendIture for the 2025 £179574 (2024 £148.593) At the end of March 2025, the reIts show¢d trrtal fiTJJds ca]ed forward of £46850 (2024:£10,146). Rcfenyspolicy Laces Edtional rewves wTrlicy is IO Tdain a sufficient kvel of r¢5etves to enable th¢ charity to nnintsln its op¢rdling tivitieS and Contin provi(ling its seTViC&% tsking aecouot of ptential rtsks and contiDgenci¢s that may arise time to tim Th¢ w)Iicy is revlewed anJllY by the trustets and rES¢TYes are revxwed throughout the year.
LACES EDUCATIONAL COMPANY LIMITED BY GUARANTEE TRUSTEES? ANNUAL REPORT (contlnued) YEAR EI¥4DED 31 MARCH 2025 STATEMENT OF DIRECTORS* RESPONSIBILITIES Under tharity law, the trust shall prepaTeproper finau¢ial statements for eAch flljancial yeor. In pr¢parinE those funcial statementsj 8¢nerally accepted ftccountiug pra¢ii¢e requires that tntstees: gelect suitable accouDtin8 policies and then apply them eon8iStently: moke judgements and estimate5 that reasonable and prndenl. and prepaTe the fuwiciat ytatements on a going concern ba8is unless It is in&ppropraatc to presum¢ that the chaTity will ¢¢)niinu¢ its a¢tivitie8. The tTUStees are required to Act within the framework of trust law. Thcy ar¢ rt8pollAible for kcepin8 proper &ccounling records. Thoy have gonerdl responsibility for tttking lluch steps as are re&sonably open lo th¢m lo $&fegu4rd the Bsse(¥ of the ¢harlty And to pmenl and deiecl fraud and other itYeylaAiie8. In addition. the Iwsie¢s have referred to the guldanee in ihe Charily Commisslon'$ 8eneral guidance on public b¢nefit when revi¢Hryn8 the pim& and objectives of the charityand in plannin¥ its future activitie¥. In particular the tN81ees ¢on¥ider how planned Hclivilies will contribute to the aim8 and objective5 they have set. SMALL COMPANY PROVISIONS This rort ha8 been prepaThl in a¢cordatLr with the provt$ion$ applicabh to comp4nie8 ¢nliiled to the small Compani excmption. ReBl$tered Offi¢e l The Sanctuary We$tmtnster London SWIP 3JT SIEtd by order of the director8 }, OGLL_ > Mr Howard Joljn Dellar
IACLS EDUCATIONAL COMPANY LIMITED BY GUARANTEE INDEPENDENf REVIEWERJS REPORT YEAR EliDED 31 MARCH 2025 I repcd on the accounts of the clMTity for the yw eJylr4131 March 2025. which are s¢t oul on pages 6.9. ReBpeetive responslbllffities of dlreetors and examiner The chartty's directon (who are aiso Inuiees of Ibe ¢harity) are rwonslble for the preparation of th¢ accounts. The charity's direclors nSider that an audit is Dot r¢quired for this y¢ar (undtr sertton 144(2) of th¢ Charities Act 2011 (the 2011 Act)) and thai an Independe examinatioll is J)eeded. Having satisfied myself th4t the eharity is not subje¢¢ to audit under compaoy law and is ¢ligiThle for i*endent examinatio it is my r¢spoDsibility to." examine the accounts under se¢tion 145 ofthe 2011 AeL' lo follow tbeprocedurcs laid down in the8eneral Directi881¥¢ by the Chatity Comrnission under section 145(5) (b) of the 2011 A¢(. and to slate whetherparti¢ular mitters hlve ¢oJno to my auenuoJL Basts of independent examiners, report My examinaiion was carried ou¢ in a¢¢ordanrx with the genernl Dire¢iiotts given by the Charity Commtssioners. An examtnaiion ill¢ludes Teview of the accounling rrLords kem by the charity and a compls0n of the accounts presented with thos¢ Tecords. 1¢ a]50 ia¢ludes cowideraiion ofany unusual items or disclosures in the accounts and seeking explanations from you as dir¢ctoffs con¢¢rnin8 aDysu¢b MattS. Theprocedure5 underrakendo Dotprovide all the Idence that would berequired inan audi4 and consequendy opinion is given 0$ lo whether thea¢counts presenl a 'tru¢ ond fair. view and th¢ re is lthiited to kn matters sd oui ID the 5t8¢ement below. Independent examlners, 8tatement ID ¢onnectioa with my examiNtiw no mall¢r Iw ¢ome to wy attention: a) which giv&8 me reLwnable cause to believe thai in any material r¢spe¢t4 th¢ Ywuirements: to keep a¢counting r¢¢ords in accordw with Se10n 386 of the Companiu Act 2(K16' and to prepare accounts which accord with the aerowiiing r¢ty)rd8, comply with the accounling requirements of seclion 396 of the Companxcs Act 2C athd with the methods and prin¢iples of the Statement or have w been met or b) to whi¢l in my Opilliofy ittention should kdr8wn itt ordtrty etmble a proptr undeJstandiD8 of the accounts to be reached. N. Co14$0 F.C. TC BSG V4l¢ntitie Limltal Chartered Accoulltants Lynlon House 7- 12 Tavistock Square London WCIH 9BQ
IACES EDUCATIONAL COMPANY LIMrrED BY GUARAKTEE STATEMENT OF FINANCJAL AcrivinKs Y&IR ENDED 31 MARCH 2025 Unrestricted Fund 2025 Fttods 2024 Nots8 INCOMING RESOURCES reso¥r¢esJroth zenerqtsdfmnds 80.000 168,984 Glft aid HMRC refund 20J47 47,294 TOTAL INCOMING RESOURCES 100,847 216.278 ROuRCEs EXPENDED Grants made Administration &xpen8¢8 TOTAL RESOURCES EXPENDED (141523) (7,OYO) (173,847) (5,727) (148,593) (179.574) (OUTGOING) ILNCOMINC RESOiIRCES FOR TBE YEAR Reconeuiadon offynds (47,746) 36.704 Totsl funth brou8ht fonvard Totsl funds I defirit c4nied forword 57.892 10.146 10.146 46,850
LACES EDUCATIONAL COMPAf4Y LIMITED BY GUARANTEE BALANCE SHEET AS AT 31 IIIARCH 2025 Unrestrleied Funds 2024 Unre5trleted FuDds 2035 CURRENT ASSETS CAsh al bank 4nd iti hand PrepAneI Qlld aed income 16.686 6.174 45,000 TOTAL CURRENT ASSETS 16,686 51,174 CURRENT LIABlTrEs Oth¢r creditors A¢cruA18 (3.600) (2,940) (4.324) TOTAL CURRENT LIABILITIFS (6.540) (4J24) NET ASSETS I (LIABILITIES) 10,146 46,850 R*pr¢senied by." UNRESTRICTED FUNDS 10,146 46,850 These tlnanci&l statements Ive been prepared in ac¢ordance with the provisions applirable lo companies Subject to the sm811 companies reglme and in Bccordance witli FRS 102 'The Fin8n¢ial Reporting Standard appllcable In the UK and Republlc of IrelBnd'. Forthe yearended 31 Mar¢h 2025 the company en(illed lo exemption frotn audit undcr477 ofthe Companies Act 2CM)O rclating to.small companies. Directors, responslbilities.. The members have not requlred the company 10 obtain an audit of its a¢Gounts for the year In queslion in accordance with section 476. and T1 directors acklwI¢d8c their re5ponsibilitlcs for complying with the requirements of the Act with resp¢ to aounting reccds and the preparntion ofaccounts. These accouuts were approved by the dire¢tor5 and are signed on thetrbehalf by.. Mr Howard Jolm Dell Director o &eJ Company registration nulllber. 6752476 The notes on page 8 and 9 forni pan of the fm8ncial statemellts
LACTr5 EDUCATIOh'AL COMPANY LIMfiED BY GUARANTEE NOTES TO THE FJNANCLIL ATEIE1 YEAR ENDED 31 MARCH 21125 General inforniati04 The company is a private cwy limit¢d by EuardOt• regtslered In England atbj Wal&q. The address of the registered office is l The Sanw. Westmin5*r, LondoD SWIP 3Jr. 2. Statement of mpliance These financial ststementshavebeellptrp iDcomplian¢ewAth Section IA ofFRS 102. TheFAnancial Reportiug Standard appiicabk in the UK and the RqJub]tc of Irelan 3. Aeeountthg polleies Basis of preparatlo The flnancial ststemellts have been pr¢ptred on the hislorical eost basis. as modified by the reVahtion of ¢ertain fjnancial assets and liabililies a1 prc4knies Ineasu at fair value thtougb profit or lo&& The f181 staiejnents ar¢ PfEpaTed in steAing. which is the fiuKtionai currency of the entity. Dl$closure exemptioBs The eniity Mlisfi&s the crAteria ofbeing4 qualify1tity8s deftued inFRS 102. No ¢asb flowstatemeni has been prv5ented for the company. Jlldgemellts and key sounes of esthnatlon UD¢ertalnty The preparntion of the financial stsIDents requirts nwag¢m¢nt so make igernents. estimates 2nd assumptsous that affeei the amounts reportwL These c1[at&S alldiudgejuents ar¢ cotttitiually reviewed and are based on ¢(perience and otlkr factor4 ineludiug ex110$ of tre events that are belThd to be reasonable ¢h¢ c]r(An¢ Charitable lllcome All clMrithbk is ac¢ouni¢d for in the staknnent of fmatt¢] activity when the clmrity is legally ¢ntitkd to the i¢ and the amount can lquatirj with reawnabkacellw. ExpelldAthre All expenditure is accounted for on an acc basis and all(xated to th¢ apprtytr heading in the accounts. All VAT been itt¢hthd as partof the cort to which it relak5. Trthes, direclors, remllnerntlott Trus1¢. and dirrftors, remuntration thiritiB the year arnou to (2024: £nil). 4. Charitsble kn¢ome 2024 2025 Gifi aid HMKC refiwj 80.000 20,847 168.984 47294 l(M).847 216278
LACES EDUCATIONAL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 2024 2025 5. Admlll15tration expeD$es Aeeountancy ftts Lgal and professional Sundry expenses (1.800) (5270) {1,800) (3.891) (36) (7.070) (5,727) Dlrectors, advallce4 ¢redlts HDd %UArantees There were no transactions with dire¢i¢)T8 or twsttts in th¢ year ended 31 Mah 2025 or the previous ycar. Rolated party trAllsaCtlons There werc no relad party tra¢Js#Gtion8 durin8 the year ended 31 March 2025 or the pr¢vlou8 year apart frow the following.. Accounthn¢y fee$ amounting £1,800 (2024: £1,800) were paid in the year to TC BSG Valentine Limired. MrBany Manin Mackenzie 1$ a consulthni ofTCBSG Valeniine Limlied and a trnstee of the ¢har¢ty. Le¥al and professional fees amounting lo £3,891 (2024: £5270) were pald in th¢ year lo Bolton Montcr-williams LLP. Mr Howard John Dellar is a partner In Bolion Moni¢TrWilliam5 LLP and also a tru5fec of thc Charity. MemberJ'11obllitles The company is a limlied liabillty company. The iiabillty ofeach memb¢ris limited to Doi more than £10.