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 HoW￿d 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 kn￿lee
applicable lo ¢haritJes preparing their accowjts ID ￿￿)rdance witb th¢ Fil￿￿1#1 ReportiJ8 Standard uilicable itt
the UK atvj Republtc of treland (FRS 1021
The djjects of L*es Fjluoational are adva￿￿ of educalion th￿B￿o￿t the world and related projects.
Nalur& oflhe churityand itsgoverningdwments
Laces EducationaI is Cot￿l￿ted as a company limited by grwantee in England and Wal¢s with regist￿ed￿u￿her
6752476 and 15 registered with the Clwity Cotnmiwon in Engla[￿ Wales wtth numb¢r 1127961. The IAces
The charity is managedby a board of dIr￿￿S who are a]so the ctrwity'strustees.allofwlh)rn serv¢on avollllltrry
The Tntsttts 1￿C had reg￿d ￿ the guidance on public benefit publtsl*d 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 re￿Its show¢d trrtal fiTJJds ca￿]ed forward of £46850 (2024:£10,146).
Rcfenyspolicy
Laces Ed￿￿tional 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 anJ￿llY 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
fu￿ncial 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 r￿ort 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
SIEt￿d 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 Directi￿881¥¢￿ 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 comp￿ls0n 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 Matt￿S. 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 Se￿10n 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
R￿OuRCEs 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
PrepA￿ne￿I Qlld a￿ed income
16.686
6.174
45,000
TOTAL CURRENT ASSETS
16,686
51,174
CURRENT LIAB￿lTrEs
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 I￿ve 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 ackl￿wI¢d8c their re5ponsibilitlcs for complying with the requirements of the Act with
resp￿¢ to a￿ounting 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 ￿ATE￿IE1
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 reVah￿tion
of ¢ertain fjnancial assets and liabililies a￿1 prc4knies Ineasu￿ at fair value thtougb profit
or lo&& The f￿￿￿181 staiejnents ar¢ PfEpaTed in steAing. which is the fiuKtionai currency of the entity.
Dl$closure exemptioBs
The eniity Mlisfi&s the crAteria ofbeing4 qualify1￿￿tity8s deftued inFRS 102. No ¢asb flowstatemeni
has been prv5ented for the company.
Jlldgemellts and key sounes of esthnatlon UD¢ertalnty
The preparntion of the financial stsI￿Dents requirts nwag¢m¢nt so make i￿gernents. estimates 2nd
assumptsous that affeei the amounts reportwL These c￿1[￿at&S alldiudgejuents ar¢ cotttitiually reviewed
and are based on ¢(perience and otlkr factor4 ineludiug ex￿￿110￿$ of ￿t￿re events that are belThd
to be reasonable ￿ ¢h¢ c]r(A￿￿n¢
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 l￿qua￿tir￿j with reawnabkacellw.
ExpelldAthre
All expenditure is accounted for on an acc￿￿ basis and all(xated to th¢ apprty￿tr 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$es
Aeeountancy ftts
L*gal and professional
Sundry expenses
(1.800)
(5270)
{1,800)
(3.891)
(36)
(7.070)
(5,727)
Dlrectors, advallce4 ¢redlts HDd %UArantees
There were no transactions with dire¢i¢)T8 or twsttts in th¢ year ended 31 Ma￿h 2025 or the previous
ycar.
Rolated party trAllsaCtlons
There werc no rela*d party tra¢Js#Gtion8 durin8 the year ended 31 March 2025 or the pr¢vlou8 year apart
frow the following..
Accounthn¢y fee$ 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.