REGISTERED COMPANY NUMBER: 07094662 (England and Wales)
REGISTERED CHARITY NUMBER: 1135811
Report of the Trustees and
Unaudiled Financial Statements for the Year Ended 31 August 2024
for
R.e.a.l. Foundation Trusl
TUrnerwa￿an
Glanford House
Bridge Street
Brigg
North Lincolnshire
DN20 8NF

ILe.a.L Foundation Trust
Contents of the Financial Statements
for the Year Ended 31 August 2024
Page
Report of the Trustees
Independent Examiner'5 Report
io
Statement of Financial Activities
Balance Sheet
12 to 13
Notes to Ihe Financial Slatements
14 to 21
Detailed Statemenl of Financial Activities
22

ILe.a.l. Foundation Trust
Report of the Trustees
for the Year Ended 31 Augusl 2024
The trustees who are also direciors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities- Siaiement of Recommended Praclice applicable to charities preparing their
accounts in accordance with the Financial R¢porting Standard appliuble in the UK and Republic of Ireland (FRS 102)
(effective l January 2019).
Since the company and the group qualifies as small under section 38). the strategic report required of medium and large
companies under The Companies Act 2006 (Strategic Report & Directorfs report) Regulalions 2013 is not required.
The R.E.A.L. Foundation Trust continues to provide an exciting rdnge of OPPOTtunities and services for children and
young people acr055 the Ea51 Midland counlies of Nottinghamshire. Derbyshire and Leicestershire. Despite constraints
on funds that has limited some progress. it has. once again. been a success￿1 )'ear in engaging children and their families
in a range of events. These have been further enhanced by the support of local businesses which has enabled us lo reach
out to a significanl number of local children and families with support of food, clothing and other essentials al a time of
growing need.
The Landmark Centre, from which the Charity operates. has continued to grow its reputation and reinforce the Charity's
identity as a local leader in the provision of support for children and young people st￿ggling to engage in mainstream
opportunities. The Charity's coffee lounge has gained accolades for its quality produce and has continued to attract
regulars from the local community and further afield. It remains a popular choice for providing work-based learning for
young people across ihe year.
The Trustees are ple￿d with the engagement of children and young people on the site. This includes da￿lme
alternative provision and after school activiti¢s. There are a few fiffth¢r groups which provide a broad range of
opportunities to increasing numbers. The scout group has been going from strength to strength and has almost doubled
its numbers to over l 00 since starting to operate from the venue. It has been good to see the reputation it is developing
for working with children with additional needs. These aims are well aligned to the Charity.
The impact of increased running cosls has slowed dowi the rate of improvemenl the Trnstee5 would have liked lo have
made to the centre and the Size of the projects undertaken. They are actively seeking new approaches to fundraising in
order to make progress in this area.
Improved weather and a great turnoui produced another successful golf day tn July. Regulars and newcomers enjoyed
excellent golf at Rufford Park and gave generously io support after school and holiday activities that the Charity will
Provide during the autumn term.
The Trustees have been delegaied individual roles during the year and have considered ways of improving support lo the
Charity Manager in different areas. Each Trustee has a designated role based on their experience and interests.
We have entered the final year of funding for a coordinator for the "Freetime" project. The "Freetime" project has
successfully promoted independence and confidence for our target group and showed significant growth during the
summer terni. li helps to address engagement dI￿lcultieS by iTJdividually working with young people to access a rdnge
of experiences leading to supported group activities in their leisure time.
We are pleased with the progress being made to strengthen our standing in ihe community and re<stablishing the Centre
to meet local need. In the short time that the Charity Teaopened the Landmark Centre it has started to regain its local
prominence. With this further engagement we hope to support the development of more quality Opportunities for
hildren, young people and their families lo ¢njoy their leisure time and play more active roles in their communities.
We are building links to local schools and organisations working with children and young people and broaden the offer
of work placements and training to young people requiring focused support lo overcome challenges in a work setting.
During these challenging times we understand the pressures on granl giving organisations. We shall focus on developing
activilies that bring revenue through commercial opportunities and sponsored fundraising in addition to applications for
grants from Organisations whose objectives are aligned to our olvn.
Page I

ILe.a.l. Foundalion Trust
Report of the Trustees
for the Year Ended 31 August 2024
In the coming year, the Trustees will continue lo focus their efforts by targeting the broader factors in the communtty
that impact on access to learning and engagemenl. In order lo meei its objectives a holistic approach to challeT]ges in the
community will be taken.
Page 2

R.e.a.l. Foundalion Trust
Report of the Trustees
for the Year Ended 31 August 2024
OWECTIVES AND ACTIVITIES
. Purposes and Activities
The purposes of the charity are:
advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to
participate in society as independent, mature and responsible individuals"
' advancing education:
' relieving unemployment:
providing recreational and leisure time activity in the interest of social welfare for people who have need by reason of
their youth. age. infirmity OT disability. poverty or social and economic circumstances with a view lo improving the
condition5 of life of such persons-
the promotion of healthy lifestyles and the Provision of advice on the same
The vision is shaped by the R.E.A.L. Foundation Trusi through seeking to raise the aspirations of children. young people
and their families who have become disengaged from education and their communities and have consequently be¢om¢
significantly hard to reach. In paTthership with schools. colleges and specialisl organisalioTJs it provides opportuniiies for
children and young people to stabilise situations and to develop their confidence. capacities and capabilities.
Through the building of quality relationships and experiences. the R.E.A.L. Foundation Trust aims to enable young
people to build up th¢ir self-esleem to enable them to participate ￿ independenL mature and responsibl¢ individuals
within their communities and wider society-
The Trustees take the holistic view that the reengagement in Education and communities needs a broad approach and
attention to the detail of a young person's needs is a key to success in this work. 11 endeavors to support complementary
approaches and working environments focused on encouraging children and young people with their engagemenl in the
community. It seeks to provide assistance in all area5 of a yoimg person's wellbeing and personal development.
b. STRATEGIES FOR ACHIEVING 0￿ECTIVEs
The strategies employed for achieving our objectives within local communities include=
' the provision of sports and recreational activities to promote healthv lifestyles.
identifying individuals. gTOUPS and organisations that require our support and work in partnership to develop
progression in ihese areas.
supporting delivery from similar organisations and individuals across a few venues in Nottinghamshire, Leicestershire
and Derbyshire
delivering stimulating and safe experiences for young people whilst looking particularly to develop the skills for
independence and Work
To put these strategies into action we shall have two major are&s of activity which are.. out of school activities that meet
the needs of local communities and personalised engagement for young people with additional needs within thetr own
communities.
Finance is drawn mainly from grdnt aid, donaiions and fundrdising events. We have established a trading compaT]y, the
"Roots" coffee shop and a Tange of fundraising events. The Charity Manager is a150 engaged in bid writing to support
activities. Donations from surpluses made by the community café and commissions for the "Freetime" team will aid the
targets for long terni stsbility. We shall continue to develop OUT commissioning model to extend the "Freetime" project.
Further development of services on the Landmark site with commeT¢ial partners will also rdise income for pursuing our
objectives.
C. ACTIVITIES FOR ACHIEVING oWE￿IvEs
During the course of the year, the Trustees conttnued to look at ways io fund proposals that will meel the charitable aims
and enhance the learning experiences and outcomes for disadvantaged and hard to reach children and young people.
There are several fimdraising events planned for the coming year and the facilities at the Landmark Centre will enable a
broader rdnge of opportunities and increase the Charity's profile in the community.
Page 3

ILe.a.l. Foundalion Trust
Report of the Trustees
for Ihe Year Ended 31 August 2024
New funding will ensure continuity of Freetime when the current grant expires and provide a long tern]. sustainable
resource for young people's leisure time.
The new café will donale any surpluses and provide a source of rev¢nue to the charity for the future.
. VOLUNTEERS
The R.E.A.L. Foundation Tft￿l is extremely grdleful io those who gave their services volunlarily
over the past year and to businesses and individua15 who have sUPPOrted fundraising events.
ACHIEVEMENTS AiYD PERFORMAiYCE
. KEY FINANCIAL PERFORMANCE INDICATORS
The development of a new revenue stream has l)een created by the "Roots" Café. Rentsl incomes at the Landmark
Centre have also supported revenue. The Charity manager has been successful in taking new tenants in place of those
who have moved on. Together wilh successful commissioning bids, grant support and donations the Trust can build on a
healthy foundation during the coming year. The breadth of new donors has placed fundraising in a much stronger
position.
Challenges hav¢ been creaied by significant increases to the cost of utilities and other inflationary rises. We shall
continue to work with tenanls and sile users on greater efficiencies. We continue to review the structured approach to bid
writing.
b. REVIEW OF ACTIVITIES 202>24
The Trust's success ITJ securing grants from local councillors enabled support through the pr()vision of food parcels for
pupils and their families who would normally receive free school meals during the holiday periods. The grants
contributed towards the costs incurred for providing the food, transportation and expenses inCu￿ed for this much needed
support. This has helped us to encourage commercial partners lo participate in this supporL giving greater reach and
impact.
During this time, we supported a growing number of families and latest figures indicate in excess of 500 families and
children have benefitled.
In the Autumn term, holiday clubs that included trips to football malches. places of local interest and other local leisure
ttme activities were run in conjunction with the "Freetime" project. In the Summer tern). with further support of grdnts
from the local County Councillor, well supported holiday clubs were Tun at the Landmark Centre. These included sports
days. arts and craft and technology sessions. Feedback was very positive, and the use of the centre is continuing to
improve its footfall from both the local community and wider afield.
The Charity Manager has worked with the local strategic partnership to develop business Strategy.
e. FUNDRAISING ACTIVITIESIINCOME GENERATION
The major fundrdising event was the golf day in July 2024. The Trust was also success￿1 in securing several small
grants to achieve its objeciives.
Moving forward to 24125, the provision of services for the "Freetime" project will fiffther support income generation.
The "Roots" community Café will donate surpluses to the Charity ai its year end.
d. INVESTMENT POLICY AND PERFORMANCE
There were no sutplus funds to invest during the course of the year.
Page 4

R.e.a.l. Foundation Trust
Report of the Trustees
for the Year Ended 31 August 2024
e. FACTORS RELEVANT TO ACHIEVE OKJECTIVES
The unique relationships the charity has developed lo ensure th¢ quality delivery of services to children and young
p¢opl¢ in n¢ed ar¢ a key to developing its profile &5 a major contributor to this area of work in the East Midlands where
it is based.
FINANCIAL REVIEW
. GOING CONCERN
After making appropriate enquiries. the Trustees have a reasonable expectation that the company has adequate resource5
to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern
b&sis in preparing the financial stsiements.
b. RESERVES POLICY
Reserves ar¢ that part of th¢ Trust's unrestricted funds that is fr¢ely available to spend on any of the Charity's purposes.
The Trust maintains free unrestricted Teserves to:
Provide a level of working capilal thai protects the continuity of its cor¢ work
Pr()vide funding to develop unexpected opportuniti¢5
Provide cover for risks such as unforeseen expenditure or unanticipated loss of income
The Board of Trustees will apply the above criteria with reference to the annual plans and deiemiine the thrget level of
reserves accordingly. Th¢ Board will at tim¢s designate funds from free reserves for significant project costs or the
r¢placementlpurchase of major assets.
c. PRINCIPAL RISKS & UNCERTAiiYfiES
The Trustees have assessed the major risks to which the Trust Is exposed. At a time of increasing competition for
funding streams and reductions in local authority spending, il is clear that direct funding will be limited and the margins
for any services will come under scrutiny. The trusiees have identified some core areas for development that will help to
maintain the Trusl's momentum and support future growth and security. This includes a review of existing areas of
delivery to consider other revenue and delivery possibilities.
Increased competition for funding opportunities has indicated that a rnore structured and sustained approach needs to be
taken to project development. The Charity Manager will continue to develop this area of work.
Ai a time when local authority cuibacks are having significant impact. the trnstees identify that although there will be
risk and uncertainty, this will also provide the Trust with opportunities to increase their profile and outreach to young
people in need.
The cost of utilities has continued to be a major drain on income. The currenl contracts have a further year to run, after
which it will be possible to renegotiate rates.
d. FINANCIAL RISK MANAGEMENT oWE￿IVEs AND POLICIES
By keeping overheads to a minimum the Trustees limit any financial risks. Such risk5, as they may occur, are
continually monitored.
All fund rdising events are safeguarded by sponsorship and a policy of assessing the risk and ¢n5uring brcak-even before
confirniation.
e. PRINCIPAL FUNDING
The Charity has been funded by small grants from local and national OTganisations.
Page 5

ILe.a.L Foundation Trusl
Report of the Trustees
for the Year Ended 31 August 2024
The support of a fundraising team and adrntnistration M'ill further ald the development of additional ￿ndIng Streams in
the future. A number of long-terni leases are in place to secure significant income.
STRUCTURE GOVERNANCE & MANAGEMENT
. CONSTITUTION
The company and group is registered as a charitable company limited by guarantee.
The company is a registered charity number 1135811
The principal object of the compan). is to provide support to young people during holidays and after school who present
with the most challenging of individual needs and complexity.
It supports delivery from organisations and individuals across a few organisations in the East Midlands. The focus is
very much on delivering stimulating and safe experiences for young people whilst looking particularly at Organisations
who offer real outcomes and promote skills for work and lif¢.
There is a particular emphasis on achieving accredited outcome5 within the National Frdmework that are appropriate to
an individual's needs and capabilities.
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the company is the responsibility of the Trustees who are elected and C<H)Pted under the tenns of
the Trust deed.
c. POLICIES ADOYTED FOR THE INDUCTION AND TRAINING OF TRUSTEES
11 is the R.E.A.L. Foundation Trust's policy that Trustees should be supported in all aspects of charitable training that is
needed in conjunction with their role. It will be made available as required. Opportunities have been identified for
Trustees to attend courses and funding can be applied for directly from the Charity to support this.
e. PAY POLICY FOR SENIOR STAFF
The charity has no senior staff directly employed.
f. RELATED PARTY RELATIONSHIPS
The R.E.A.L. Foundation Trust mainlains a register of all Trustees interests and any potential conflicts that may arise
during the course of their business. There is a clear structure within all meetings for the declardtion of 3rd party interests
and these are minute. All Tn￿leeS are aware of the related "Conflicts of Interesi. policy that sets out guidelines for their
involvement.
g. FINANCIAL RISK MANAGEMENT
Trustees are awa￿ that the development of the new headquarters and the "Freetime" service, will create an element of
financial risk. These have been mitigated with long-terni sulFletting agreements ihat will cover a significant overhead. In
addition. tight financial controls will be in place to manage the gr0￿h of the "Freetime" services and the support of
long-terni grants to cover prineipal wages will go a long way to reduce risk and uncertainty.
By keeping tight controls on overheads. Tn￿tee5 will limit any financial risk.
Page 6

ILe.a.l. Foundation Trust
Report of the Trustees
for the Year Ended 31 Augusl 2024
The Trustees have assessed the major risks to which the company is exposed. in particular those related to the operations
and finances, and are satisfied that systems
and procedures are in place to mitigate exposure to the rnajor risks.
h. TRUSTEES INDEMNITIES
In furtherance of the Articles of the charity:
To provide indemnity insurance to cover the liability of the Trustees (or any Trustee) which, by virtue of any rule of law,
would otherwise attach to them in respecl of any negligence, default breach of t￿￿t or breach of duty of which they may
be guilty in relation to the Company provided that any such insurdnce shall not extend to any claim arising from any act
OT omission which the Trustees (or any Trustee) knew to be a breach of trust or breach of duty or which was committed
by the Trustees in reckless disregard of whether it a breach of trust or breach of duty or not; and provided that any
such insurance shall not extend to the costs of an unsuccessful defence to a criminal prosecution brought against the
Trustees (or any Trustee) in their capacity as Trustees (or Trusiee) of the Company.
Indemnity insurance provision is made through brokers: Cowans (Mansfield)
Insurers..
Policy Number: S22112
Date.. Renewal 0110912024
Indemnity amount: £ 1.000.000
FUTURE DEVELOPMENTS
To provide resources to develop technology and wellbeing opporlunilies for children and young people.The
development of a Centre of Excellence at Landmarks Centre, Pleasley.
To develop "Freetime" services and facilities
To add to the Trustee membership and to broaden the range of expertise.
To develop further opportunities and broaden ihe range of fundraising aciivities.
To continue to rdlSe the profile of the charity.
MEMBERS LIABILITIES
The Members of the Company shall be those registered as Directors of the R.E.A.L. Foundation Trust.
The liability of the Members is limited.
Every Member of the Company undertakes to contribuie such amouni as may be required (not exceeding one pound) to
the a55ets of the Company in the event of it being wound up while he is a member or within one year after he ceases to
be a Member for pa￿nent of the debts and liabilities of the Company contracted before he ceases io be a Member and of
the costs, charges and expenses of winding-up and for the adjustment of the rights of the contributories among
themselves
TRUSTEES, RESPONSIBILITIES STATEMENT
The Trustees (who are also directors of R.E.A.L. Foundation Trust for the purpose of company law) are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice).
Company law Tequires the Trustees to prepare financial statements for each financial year. Under company law the
Trustees must not approve the financial slatemenls unless they are salisfi¢d ihat they give a t￿e and fair view of the state
of affairs of the charitable company and of the incoming resource5 and application of re50urce5, including the incom¢
and expenditure, of the charitable group for thai period. In preparing these financial statements, the Truslees are
required to-.
Seleci suitable accounting policies and then apply them consistently
' Observe the methods and principles in the Charities SORP
' Make judgements and accounting eslimates thai are re&sonable and Prudent
Page 7

e.a.L Foundation Trusl
Report of ihe Trustees
for the Year Ended 31 Augusl 2024
Prepare financial statements on the going concern basis unless it is appropriate to presume thai the charitable group
will continue in operdtion.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the
charitable company and the group'5 transactions and disclose with reasonable accuracy at any tim¢ the financial position
of th¢ charilable group and enable them to ensure thal the financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking
reasonable steps for the prevention and detection of ￿ud and oih¢r irr¢gularities.
DISCLOSURE AND INFORMATION TO AUDITORS
Each of the persons who are Trustees at the time when this Trustees, Report is approved has COT]fiThed that..
So far as that Trustee is aware, there is no relevant audit inforniation of which the charilable group's auditors are
unaware
That Trustee has taken all steps that ought to be taken as a Truslee in order to be aware of any relevant audit
infonnation and to establish that the charitable groups, auditors are aware of that infonnation.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing d(KumenL a deed of tr￿$[ and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07094662 (England and Wales)
Registered Charity number
1135811
Registered offiee
The Landmark Chesterfield Road North
Pleasley
Mansfield
NG19 7SP
Trustees
Miss J R Byatt
MrRDay
Mrs J A W Evans
Mrs J Keely
MrSFRyan
Mrs C F Ryan
Mr B C Srnith
Company Secretary
Miss J R Byatt
Independent Examiner
Keith Huni BA{Hons) ACA
Turnerwarrdn
Glanford House
Bridge Street
Brigg
North Lincolnshire
DN20 8NF
Approved by order of the board of trustees on 23 May 2025 and signed on its behalf by:
Page 8

Reprt •ftbe Trn
ror iht Vmr F.aded 31 1024
S F Ry•n . Tn¥*e
-r

Independent Examiner's Report to the Trustees of
ILe.a.l. Foundalion Trust
Independent ex8miner's report to Ihe Irustees of Ke.a.l. Foundation Trust {'the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination. l report in respect of my examination of your charity's accounts as carried
out under Section 145 of the Charities Act 2011 {'the 2011 Act.). In carying out my examination I have followed the
Directions given by th¢ Charity Commission under Section 145(5) (b) of the 201 l Act.
Independent examiner's statement
I have completed my examination. I confirni that no matters have come to my atteniion in connection with the
examination giving me cause to believe=
accounting records were nol kept in respect of the Company ￿ required bv Section 386 of the 2006 Act. or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any
requirement that ihe accounts give a true and fair view which is not a matter considered as part of an independent
examination- or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounling and reporting by charities (applicable to charities preparing their accounts
in accordance with the Financial Reporting Sthndard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and hav¢ come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the accounts lo be reached.
Keith Hunt BA{Hons) ACA
The Institut¢ of Chartered Accountants in England and Wales
Turnenvarrdn
Glanford House
Bridge Street
Brigg
North Lincolnshire
DN20 8NF
23 May 2025
Page 10

ILe.a.l. Foundation Trust
Sta¢¢menl of Finaneial Activities
for the Year Ended 31 August 2024
31.8.24
Total
funds
31.8.23
Totsl
funds
Unrestricied
fund
Restricted
fund
Notes
INCOME AND ENtK)WMENTS FROM
Donations and legacies
11.443
25.OIMb
36,443
108.881
Other trading activities
Investment income
20,722
131,417
20,722
131,417
18.391
61,221
Total
163,582
25,000
188,582
188.493
EXPENDITURE ON
Charitable activities
Grants
5.918
29,933
35,851
52,700
Other
175J64
8,770
184.134
131.190
Total
181,282
3&703
219,985
183,890
NET INCOMEI{EXPENDITURE)
(17.71MI)
(13,703)
(31,403)
4.603
RECONCILIATION OF FUNDS
Total funds brought forward
57,971
173,531
231,502
226,899
TOTAL FUNDS CARRIED FORWARD
40271
159,828
200,099
231,502
The notes forni part of these financial statements
Pa2e 11

ILe.a.l. Foundation Trust
Bal#n¢e Sheet
31 August 2024
31.8.24
Total
funds
31.8.23
Total
funds
Unrestrieted
rund
Restricted
fund
Notes
FIXED ASSETS
Tangible assets
159,828
159,828
168,598
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
3,117
96,839
3,157
3,117
96.839
3.157
3.047
45,397
57,768
10
103,113
103,113
106.212
CREDITORS
Amounts falling due within one year
(62,842)
(62.842)
(43.308)
NET CURRENT ASSETS
40271
40,271
62,904
TOTAL ASSETS LESS CURRENT
LIABILITIES
40271
159,828
200,099
231.502
NET ASSETS
40,271
159,828
21KI,099
231,502
FUNDS
Unrestricted fund5
Restricted funds
12
40.271
159,828
57,971
173,531
TOTAL FUNDS
200,099
231,502
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 August 2024.
The members have not required the company io obtain an audit of its financial ststements for the year ended
31 August 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the slale of affairs of the charitable company as
at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which othenyise comply with the requirements of the Companies Act
2006 relating to financial statements, so far as applicable to the charitsble company.
(b)
The notes forni part of these financial statements
Pa2e 12
coniinued...

L FoMnd•tl•n Trn
Balaoce Sbeet- eo8da•ed
JI Augm￿ 2024
Thue flMn¢l•l ststemeTrts' have been prq)aTed in acCordo￿t vlith the proviilDrd •wlic4bl¢ w ¢lwrK•bk ¢onyani¢s
SfthJeL't to the companles Tewme.
The firwicial ¥￿eMents wue 4JpmeAI by BoArd of TnMtst• Ind •￿￿￿n¥t￿ for i•sw on 23 MAY 2025
85y¢d ots its ￿h￿rby.
S F Ryan . Tna*c
P4e 13

R.e.a.l. Foundation Trust
Notes to the Financial Slatements
for the Year Ended 31 August 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Ststemenl
of Recommended Practice applicable to chariiies preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 21)06. The financial stst¢m¢nts have been prepared under the historical cosl
convention.
Income
All income is recognised in ihe Statemenl of Financial Activities once the charity has entitlement to the funds, it
is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or Constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to ihe category. Where costs cannot be directly
attributed to particular headings they have been allocated to activilies on a basis consistent wilh the use of
resources.
Tangible fixed assets
Depreciation is provided ai ihe following annual rates in order to write off each asset over its estimated use￿1
life.
Fixtures and fittings
200/0 on reducing balance
Stocks
Stocks are valued at the lower of cost and nel realisable value, after making due allowance for obsolete and slow
moving ilem5.
Taxation
Th¢ charity is exempt from corwrdtion tax on its charitsble activities.
Fund aecounling
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particulat restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when fimds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fimd is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straighi line basis
over the period of the lease.
Page 14
continued.

ILe.a.l. Foundation Trust
Notes lo the Financial SlatemeDts- ¢onlinued
ror the Year Ended 31 August 2024
OTHER TRADING ACTIVITIES
31.8.24
31.8.23
Fundraising events
Charitable aims befriending
11,956
8,766
12.236
6,155
20,722
18,391
INVESTMENT INCOME
31.8.24
31.8.23
Rents received
131,417
61,221
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after charginW(crediling):
31.8.24
31.8.23
Depreciatton - owned assets
Other operating le￿S
8,770
37,121
10,833
29.458
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended
31 August 2023.
Trustees, expenses
There were no trustees. expenses paid for the year ended 31 August 2024 nor for the year ended
31 August 2023.
STAFF COSTS
The average monthly number of employees during the year was as follows:
31.8.24
31.8.23
Other
No employees received emoluments in excess of £60,000.
Page 15
conlinued...

R.e.a.l. Foundation Trust
Notes to Ihe Financial Stalements- continued
for the Year Ended 31 August 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricled
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
83,881
25,000
108,881
Other trading activities
Investment income
8,048
61,221
10.343
18,391
61,221
Total
153.150
35,343
188.493
EXPENDITURE ON
Charitable activities
Grants
6,902
45.798
52,700
Other
120,357
10.833
131,190
Total
127,259
56,631
183,890
IYET INCOMEI(EXPENDITURE)
25,891
(21,288)
4,603
RECONCILIATION OF FUNDS
Total funds brought fonvard
32,080
194,819
226,899
TOTAL FUNDS CARRIED FORWARD
57.971
173.531
231,502
TANGIBLE FIXED ASSETS
Fixtures
and
rittings
Short
leasehold
Totals
COST
At I September 2023 and 31 August 2024
124,749
54,822
179,571
DEPRECIATION
At I September 2023
Charge for year
10,973
8,770
10,973
8,770
At 31 August 2024
19,743
19,743
NET BOOK VALUE
At 31 Augusi 2024
124,749
35,079
159,828
At 31 August 2023
124,749
43,849
168.598
Page 16
continued...

ILe.a.l. Foundation Trust
Noles to the Financial Statements- continued
for the Year Ended 31 August 2024
STOCKS
31.8.24
31.8.23
Stocks
3,117
3,047
io.
DEBTORS: AMOUNTS FALLIIYG DUE WITHIN ONE YEAR
31.8.24
31.8.23
Trade debtors
Other debtors
Prepayments and accrued income
70,250
19,992
6,597
24.588
18,392
2.417
96,839
45,397
CREDITORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR
31.8.24
31.8.23
Trade creditors
Social security and other laxes
Pension
Other creditors
Accruals and deferred income
58,037
171
190
2,000
2.444
35.541
3.082
238
2,000
2,447
62,842
43,308
12.
MOVEMENT IN FUNDS
Nel
movement
in funds
At
31.8.24
At 1.9.23
Unrestricled funds
General fund
57.971
(17,700)
40,271
Restricted funds
Grants
173531
(13,703)
159.828
TOTAL FUNDS
231,502
(31,403)
200,099
Page 17
continued..

ILe.a.l. Foundation Trust
Notes to the Finaneial Statements- continued
for the Year Ended 31 August 2024
12.
MOVEMENT IN FUNDS- Continued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
163,582
(181,282)
(17,700)
Restritted funds
Grdnts
25,OIMI
(38.703)
{13,703)
TOTAL FUNDS
188,582
(219,985)
(31,403)
Comparatives for movement in funds
Net
movement
in funds
At
31.8.23
At 1.9.22
Unrestricted funds
General fund
32,080
25,891
57,971
Restricted funds
Grants
194.819
(21,288)
173.531
TOTAL FUNDS
226.899
4,603
231,502
Compardtive net movement in funds. included in the al)ove are as follows:
Intoming
resources
Resources
expended
Movemenl
in funds
Unreslrieted funds
General fund
153,150
(127,259)
25.891
Restricted funds
Grants
35,343
{56,631)
(21,288)
TOTAL FUNDS
188,493
(18i,890)
4.603
Page 18
continued...

tLe.a.l. Foundation Trust
Noles to Ihe Financial Staternents - continued
for the Year Ended 31 August 2024
12.
MOVEMENT IN FUNDS- eonlinued
A current year 12 months and prior year 12 months combined position is as follows:
Net
moi'¢ment
in funds
At
31.8.24
At 1.9.22
Unrestrtcted funds
General fvnd
32,080
8.191
40.271
Restri¢¢ed funds
Grants
194,819
(34,991 }
159,828
TOTAL FUNDS
226.899
(26,800)
200,099
A current year 12 months and prior year 12 months combined net movement in funds, included in ihe above are
as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricled funds
General fund
316,732
(308.541)
8.191
Restricted funds
Grants
60.343
(95.334)
(34,991)
TOTAL FUNDS
377.075
(403.875)
(26,800}
Page 19
continued...

ILe.a.l. Foundation Trust
Notes to the Financial Statements - eontinued
for the Year Ended 31 August 2024
12.
MOVEMENT IN FUNDS- tonlinued
Movement of Net Assel funds- current year
Balance al I
September 2023
Balance at 31
August 2024
Incom¢
Expenditure
Unrestricted funds
Generdl funds - all funds
57,970
163.582
(181,352)
40.200
Restricted funds
Jones 1986 Charitable Trust
4,934
25,000
(29.934)
4.934
25,000
(29,934)
Tolal of funds
62,904
188,582
(211,286)
40,200
Jones 1986 Charltable Trust donated to assist with the Landmark project and also towards staff costs.
Movement of Net Assets funds- prior year
Balance at I
September 2022
Balance ai 31
August 2023
Incorne
Expenditure
Unrestricted funds
Generdl funds - all funds
32,080
153,149
(127,259)
57,970
Restricted funds
Student Enterprise
Community Outreach
Leicestershire & Rutland Trust
Children in Need
Florence Turner
Sporting Heritage
Jon¢s 1986 Charitable Trusl
Jones 1986 Charitable Trust
Mansfield District Council
National Lottery
Nottinghamshire County Council
492
1,981
,132
(492)
(1,981)
(1.132)
(10,343)
(540}
(375)
(20.066)
(21,489)
{2.000)
(154)
(2.359)
10.343
540
375
25,000
4,934
21.489
2.000
154
2.359
30.522
35.343
(60,931)
4,934
Totsl of funds
62,60?
188.492
(188.190)
62,904
Page 20
continued...

ILe.a.l. FoundatlOD Trust
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
13.
RELATED PARTY DISCLOSURES
There were no relaied party transactions for the year ended 31 August 2024.
Page21

R.e.a.l. Foundation Trust
Detailed Statement of Financial Activities
for ihe Year Ended 31 August 2024
31.8.24
31.8.23
INCOME AND ENDOWMENTS
Donations and legacies
Donations
36,443
108.881
Other trgding aetivilies
Fundraising events
Charitable aims befriending
11,956
8,766
12,236
6,155
20,722
18,391
Investment income
Rents received
131,417
61.221
Total ineoming resources
188,582
188,493
EXPENDITURE
Charitable aclivilies
Unrestricted funds activity
Restricted funds activity
5,918
29,933
6.902
45,798
35,851
52,700
Other
Wages and associated costs
Depreciation of tangible fixed assets
29,675
8,770
14,695
10,833
38,445
25,528
Support costs
Management
Rent
Rates and water
Insurance
Light and heat
Accountancy fees
Printtng and advertising
Bank charges
Premises expenses
Legal and professional
37,121
1.750
2,521
80J91
2,443
1,089
29.458
1,630
2,774
59,012
2.160
1,307
226
7,955
.140
17,473
2,818
145,689
105,662
Total resources expended
219,985
183,890
Net (expenditure)/income
(31,403)
4,603
This page does not forni part of the statutory financial statements
Page 22