REGISTERED COMPANY NUMBER: 06711881 (Engl¥nd xnd Wales) REGISTERED CHARfTY NUMBEIL" 1131241 of the Tnjsrtets UnaudttedFiDanciai Ststrmcnts for the YeAr F O S tenJber2023 LTS 3rd Fl(x)r Paeifie Ch8mF*zs 11-13 Victoria Stre Livewl 5QQ Ac Fillancial Stst 30S 023 Rep)rt of the TtlLStee5 I to 2 Strdtemettt of Financiat Activitics Balance Sheet Notes to the FIna￿￿k Statem rt ofthe Tru5te¢s forthe Ellded 30 2023 The trLtstees who also director5 of the charity for the of the Cornpallies Act 21N)6, present ttLeir report ith the fina￿]81 statements of the charity for the year etrkd 30 SepteD)ber 2023. The ￿tee8 bave adopted the provisions of A¢wutLting 3JJd Reporting by Clwities: SiateDWit of Re£otnll￿ Pra¢ti¢e applithk to chLriti¢s preparing ther accoutlts m at£ordancc with the Fitiaticthl RwtiDg StaIMI￿ applithle ID the UK and Republic of trelaThl (bRS 102) leffeG¢iv¢ l January 2019). Objeedves and LTS Academy alllls to offer Musical Tbeatr< Danc4 D￿ma and Sill￿ng tr￿ing tt> l(rtal cbiidren the age of three 10 8iXteen year of age. LTS A¢ademyobjectiV¢5 are."- a To widerL participation by wistm8 pupiL8 who are fu￿￿￿allY dis*fvanW supwtujg then) with fee's and equipment b. To Ope￿ in lithe with 8overnTn¢nt ¢qu￿lty. diversity and disabilirypoiicie5. c. To provide a qualiry nmjsi￿I theatre tr￿ning that is relevant to illdividuals ththe perforn]￿g arts tndw. ACEUEVEMENT AND PERFORMANCE Cbarit&ble #divitie5 During th¢ yEar thc Charity b&$ assisted 18 ¢hil perfonll in a 5hi)w. Both eX￿rienc￿ assisted in motiv8tiDg aThJ uwirujg tbe childteD who without 1he CIwAty would not be able to fiELan¢iolly aff￿d to take part in a ￿fOrni]ng aTt5progra1￿. At 16 year5 of age the childten ht4Ye the ONXAknty to a￿lItion oThJ ttain for a time tarttr at LiverN)ol Th¢atre School. Reseryes policy It is the policy of tbe charity that UnTestrictrd fi]nd8 wbidl have been desiguated for a specific use should be maintained at a level equivalent to two lllonths exwditure. The knuslees considets that reserves at lev¢1 will ￿￿￿re thaL in the evelli of a sigDsficant dr￿ in fimdiD8, they will be able to contiDue the Ch￿7t￿& curLEnt actiwties whilc C{￿sId£ratiOn is given to ways in additiiHd fimds tllay be raised. This level of reserv&s has been mainr3ined througbout Ihe wio(L STRUCTtIRE. GOVERNANCE Af4D MANAGEMENT Governing document The ¢h3rity 15 controlled by its governitig d￿men4 a deed of trusE alld CA)nsLibts a limited compally. limited by guarante4 &s def￿￿1bY the Con)panies Act 2W6. REFERENCE AND ADMf41STK4TIVE DETAILS Re2iStered Company llumber 06711881 (Fthgland and Wai&%) Registered Chaiity Dwnber 113124] Page I LTS Academ red nun]ber. rt of the T rthe Y E]Mled 30 S bet 2023 Registered office Haines Watts Livetpool Limited 11- 13 Pxific (Jwnbths Liveryool L2 5QQ Trustees Miss N Buttoll Miss M J Ellis Approved by ord¢r of the board oftn]stees on......... ...:..¢ffib.. a.4........ aTJd si￿￿ OA its behalf by.. M J Elli5- T￿slee tatementof F" rthey cial Activitics d30 2(r23 30.923 30.9.22 ad Totsl fund5 Notts INCOME AND EI4DOWMEf4TS FROM Othertrnding activities 2V61 23.119 Ckarftable g4ctivitles PErfonDaLN arts trainin8 27,965 22?87 I¥ET INCOME 732 RECONCILIATION OF Firr+JDS Total fimds brougbt forvwdtd (1,0￿) (2.412) TOTAL FUTrIDS CARRIED FORWARD {684) {1,680) The llotr5 fomi pan of tlKse fiuancjai stat¢ttients Poge 3 LTS Acade numbcr. 06711 Balance Sheet 30Se trmber 30J.23 UDrestricted fllDd 30.9.22 Tolal fiujds NoEg CURRENf ASSETS Debtor5 Cash at ballk 472 44 2,100 516 2,540 CBIDtTORS Amomts falling due withill i)ne year (i.zoo) (4220) (684) (1,680) (684) (1,680) NET ASSETS/(LIABILrriES) (684) (1,680) UnresÉrieted fur (684) {1,680) TOTAL FUNDS {684) (1,680) The charitabl¢ coTnp3lly is entitled to exenjption from awltt Ulld¢r SeLtion 477 of the Companies Act 2006 for the ye8 ended 30 Septetnber 2023. menkn have not requited the company to obtsin 3n audit of its fiuallcial stakrthts for the year ettded 30 Sept¢mb¢* 2￿23 in aceordallcewith Se¢tioll 476 of the COnWaDi￿ Aet2(Th. Tr ttustee8 a¢knowledgetheir respoDyibibties foT (a) ensuring th&t the cbaritable con]PaDy keeps accoullting re￿rdS that comply with Seclions 386 and 387 of the Compajlles Act 2006 and prepaTing finatsci21 ststements which give a tn￿ and fajr view of the state of affairs of th¢ tharitable collwany as ai the end of each fllk3ncial year alld of its surplus or deficit for each fJnaDcial year in accordance with the requir&nents ol Stxtions 394 and 395 and Trbicb otbernise comply with the req￿]r¢￿ents of the CompaDies Act 21)06 Telakng to fU￿￿tial statements, so far as appIicable ￿ tbe ¢baritable compally. Ibl These fu￿￿claI statt4tKnts hive prepar￿1 accorkn with the provisioDs applicable to chaEitable compani subj#t to tbe small cOll¥￿]ieS regimc. Th¢ finallcial statelll￿ts wue approved by the Board of Tn￿ and aUt￿￿)rised for issue a￿d were signed on itsbcbalf by. Mis JEllis- Trustee The note5 forni pafi of these finan¢ial 5tat¢nK Note5 to the Fina￿131 Siat¢UKllts ACCOUIYTING POLICILS B￿15 of prepaTlng the finan£tal stAtements Tbe fjnallcial statetuents of the charitsble c4)rtwy. whith is a Ixllcfit cntity under FRS 102, have be¢n prepared ITL acrotdancc with the Charities SORP (FRS 102) 'Accoullling And Rwtsjting byChariÉies.' Statemcnt of Recornrtjuded PraGbre applithle to cban.tirs pftyaTing theit aC£O￿ts in accordanct with thc Financial Reporting Stsndard applicable in the UK and Rewbli¢ of Ireknd (FRS 1021 leffcctiv¢ l January 2019}', FiT0￿la1 Ryrting Standard l(r2 Tr Financ￿ Repming Stsndard applicable iTh the UK and Republic of Ir¢land' and the Compames Act 2￿6. The fll￿￿ statem￿ts have Eeen prepared ullder the bistorical cost ¢onvention. Illeonhe All income is re¢ogNsed in th¢ Stst¢ment of Finwial Artivities th¢ charity bas entitle￿¢llt to the fimd8. li is probabl¢ that the in¢om¢ will b¢ t¢ceived alldthe arnowii can E¢ tll¢Lwr￿ ￿lIablY. Expendlture Liabilities ar¢ Tewgnised &8 ext¢nditw¢ a5 $00tt as there is a legal or obliwion con]uuttill8 the Ch￿lty io that exp￿lI￿rE it is probable thai a ITansfw of e(x)nomi¢ kn¢fits will be required settle￿¢￿t al Ihe amount of the obligati(m w be llwsu￿ reliably. F￿￿lture is accipullted for on acGrua15 basi5 and IM been classified unthy headings that aggregate all Cost related to tb¢ cate80ry. Where costs cannot be dtrecdy aItnbUt￿ to part￿ular headmgs th¢y bave been all￿81￿1 to adI￿li￿ on a b&sis consistent with the ofresource5. Taxatio The clwity As exempt from ciw*MiOnt& on its dfjn"table xtivitie& Fwid actounting UDrGstricted fjjnds caThbe in accor￿ wsth the cbaritable objectivesat discrttion of the ttustees. Rtstricted fimds Ixn only be useAI for particular restricted puryXjs￿ within the objects of the chexity. Rtstricttons arise spccificdby thc dolloror when fun(Ls are raised fOrparticul￿ TE5tr1¢tedp￿sCs. Furthei explaDation of th¢ nats]re andwpw of fund is in¢lud¢diD the not&8 to the finallciai statemettts. 30.923 30.9.22 Fees 28961 23.119 TRUSTEES, REMVNERATIOII BLNEFITS There wer¢ no 1Th￿te£s. remuueration or other benefits fi￿ the yvar ended 30 septe￿7￿ 2023 llor fot the year ended 30 S¢ptemF£r 2022. Thtsttts. expenses There were no trustees, expeLses paid for the year ended 30 Septrmber 2023 nor f¢)r the year end 30 S¢pternber 2022. Page 5 Notes to the FitwKial Stalem¢Dts. GontiDued forthe Year COME AND ENIM)WMJNfs FROM Otheitrad]llg a¢tivits"es 23,119 EXPLNDITURE ON ch￿ilable actiTrryties 22,387 IYET INCOME 732 RECOlCtLtATIOL¥ OF FUNDS Tdal fun&% bmugbt forward (2.412) TOTAL FUNDS CARIUED FORWARD (1,680) DEBTORS: AMOuf￿S FALLING DLT wrrHtN OIYE YEAR 30S.23 Trade debtors 472 CREDITORS: AMOUNTS FALL￿G DUE wfniLY YEAR 30.9.23 30.9.22 Other ¢reth"tors A¢wd ¢xpeN&8 3,020 1200 12IM) 1,2 4,220 Net movement in funds Atl.1022 At 30.9.23 U]fftstricted fvndg General fund {1,680) (684) TOTAL FUNDS (1,680) (684) Page 6 continued... Notes to the FinarKial for the Year Ended 30 te￿ber 2023 MOVBMErKr iTri FUF4DS. £oNtinued Net mov¢n￿llt in fi￿, Inch￿ed in the akne are &8 follows: Unrestricted fuDds General fi￿d (27965) TOTAL FUNDS 28961 (27965) Cojnpantiyes for movement in f￿dI Net movement in flmds At 1.10.21 At 30.9.22 Unrestiithd fuAds Geller￿ fimd 12,412) 732 {1,680) T(rrAL FUNDS 12.412) 732 {1,680) Comparative net movement iti ffijnds, included in alx)ve gse &$ follows: Movement expended Unrestrltted fllnds 23,119 122J87) 732 TOTAL FUDIDS 23.119 (22J87) 732 Aeulrwkt year 12 months and prior year 12 m¢)nths Combin￿ [￿)sItiOn is &s follow5". At 1.10.21 At 30.9.23 Uthrertrictsd funds General fiTtLd {2.412) 1.728 (684) TOTAL FUNDS {2,412) 1,728 {684) PagE 7 continueiL.. LTSA irtes to th¢ FinaTKial State for the Y Ended 30 . tontinued 2¢Y23 MOVEMENT IN FUNI>S. £wtinlled A Cu￿ent ytar 12 Tuonths and PTIOT year 12 months ¢on)bined net movenTht in fillmts. 1￿ClU￿1 in the above are as foEiow5= IKoming Restswc£s Movement expendcd Unrestricted thnds Gelleral fulld 52.080 {50.352) 1.728 52.080 {50J52) 1.728 There wereno related paty transactio￿ foi the year ended 30 September 21Y23. Page 8