## **Trustees’ Annual Report for the period**
**From 1[st] February 2021 To 31[st] January 2022 Charity name: LIGHT EDUCATION DEVELOPMENT**
**Charity registration number: 1141243 Companies House Registration number: 6468130**
## **Objectives and Activities**
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SORP reference
Summary of the purposes Para 1.17 The principal object of the charity is to
of the charity as set out promote sustainable development for
in its governing the benefit of the public in Peru, Nepal
document and elsewhere in the world.
Summary of the main Para 1.17 and The aim of the charity is to provide
1.19
activities in relation to low-tech solutions to 3 basic needs;
those purposes for the cheap affordable lighting, basic
public benefit, in education and healthcare leading to
particular, the activities, economic development for the poorest
projects or services people in the mountainous regions of
identified in the Nepal and Peru.
accounts.
Statement confirming Para 1.18 The Trustees confirm that they have
whether the trustees complied with their duty to have due
have had regard to the regard to the commission’s public
guidance issued by the benefit guidance when exercising any
Charity Commission on powers or duties to which the guidance
public benefit is relevant.
**----- End of picture text -----**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
SORP reference
|||SORP reference|||
|---|---|---|---|---|
||Contribution made by
volunteers|Para 1.38|The charity has no paid employees, so
all of its activities are performed by
self-funded volunteers||
## **Achievements and Performance**
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SORP reference
In both Nepal and Peru, our activities
during this financial year were severely
and adversely affected by the
Summary of the main
Para 1.20 worldwide outbreak of COVID-19 which
achievements of the
prevented many of our planned
charity, identifying the
difference the charity’s activities being implemented. Being
work has made to the unable to organise treks to deliver
circumstances of its lights and medical and school supplies,
beneficiaries and any we were reliant on our local partners to
wider benefits to society
perform these activities.
as a whole.
Because of Covid, normal access to
many remote areas was not possible
with the result that there was a severe
shortage of food. We therefore devoted
much of our funding to try to supply
food supplies to the communities
which we support.
In Peru:
We continued to keep the
Quishuar health post open and
stocked with the help of our
nurse, and provided transport of
all medicines to the area.
In Nepal
We funded food distribution to the
following villages and regions:
Samdo, Tilj, Langtang, Rasuwa,
Solu, in various villages of Rasuwa,
and in Khumbu.
We supported a reforestation
project in the Langtang area
through Ang Rita of The Partners
Nepal
We continued to help the Bung old
people’s home.
We completed the solar light
distribution project for Tsum and
Manaslu area funded by the
donation from The Derek Moore
Foundation
Delivered medical supplies for
health posts and completed a much
needed health survey in cognitive
development of children in areas of
food shortages for a medical project
in Tsum and Manaslu area.
Help for communication / online
classes in Khumbu area enabling
school students to continue their
education during COVID
Medical supplies to health posts in
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Khumbu area via Himalayan Trust We continued to fund a teacher in Thame
## **Financial Review**
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Review of the charity’s Para 1.21 The charity has sufficient funds in the
financial position at the bank which together with anticipated
end of the period donation income to achieve our plans
for the coming financial year.
Statement explaining the Para 1.22
policy for holding
reserves stating why they
are held
Amount of reserves held Para 1.22 Zero
Reasons for holding zero Para 1.22 Activities are based on the funds
reserves available, so it is not the intent to
retain reserves.
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as a
going concern
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## **Additional information**
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Our main sources of funds are from our
annual fundraising walk, donations
The charity’s principal from individuals who have been on our
sources of funds Para 1.47 treks, two charitable foundations and
(including any two Rotary Clubs.
fundraising)
Funds are kept in an interest bearing
bank account.
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
The Trustees have assessed the major
risks to which the company is exposed,
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||A description of the
principal risks facing the
charity|Para 1.46|in particular those related to the
operations and fnances of the
company, and are satisfed that
systems and procedures are in place to
mitigate our exposure to the major
risks.
We carry Public & Products Liability and
Employers Liability, and Professional
Liability & Management Liability
insurance.||
|---|---|---|---|---|
## **Structure, Governance and Management**
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Description of charity’s
trusts:
Type of governing Para 1.25 Memorandum and Articles of
document Association
(trust deed, royal
charter)
How is the charity Para 1.25 The company is registered as a
constituted? charitable company limited by
(e.g unincorporated guarantee (company number
association, CIO) 6468130). The company is constituted
under the Companies Act 2006 and is a
registered charity number 1141243.
Trustee selection Para 1.25 The management of the company is
methods including details the responsibility of the Trustees who
of any constitutional are elected and co-opted under the
provisions e.g. election to terms of the Memorandum and Articles
post or name of any of Association of the company.
person or body entitled
to appoint one or more
trustees
Additional information
On appointment, the Trustees are
provided with a copy of the
Policies and procedures Memorandum and Articles of
adopted for the induction Para 1.51 Association and a copy of the Charity
and training of trustees Commission’s guidance “The Essential
Trustee: What You Need To Know”.
They are then thoroughly briefed on
the aims and activities of the charity.
The activities of the charity are
managed by the trustees. There are at
The charity’s least 2 formal annual meetings
organisational structure Para 1.51 together with contact as required
and any wider network between the trustees and those
with which the charity performing the operations in the field.
works
None
Relationship with any Para 1.51
related parties
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## **Reference and Administrative details**
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Charity name LIGHT EDUCATION DEVELOPMENT
Other name the charity LED
uses
Registered charity 11412333343
number
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Charity’s principal 29 Asmuns Hill
address London
NW11 6ES
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## **Names of the charity trustees who manage the charity**
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
G J Buchan Company
1
Secretary
2 S Cocker
3 P L Dover
4 M Loosemore
5 M J Smith
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved **Director name**
Name of trustees holding title to property belonging to the charity
**----- Start of picture text -----**
Trustee name Dates acted if not for whole
year
N/A
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**Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details N/A
## **Other optional information**
N/A
## **Declarations**
**The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)** Gwendoline Joan Buchan
**Position (eg** Director and Company **Secretary, Chair, etc)** Secretary
**Date** 11 October 2022
Light Education Development Charity No 1141243 Company No 6468130 Annual accounts for the period Period start date **Feb 1, 21 To** Period end date **[Jan 31, 22]**
## **Section A Statement of financial activities (including summary income and expenditure account)**
|**Recommended categories by activity**
Guidance Note
**Total funds**
**£**
**£**
**£**
**£**
**£**
**Income (Note 3)**
F01
F02
F03
F04
F05
**Income and endowments from:**
Donations and legacies
S01
31,633 - - 31,633 20,387
Charitable activities
S02
- - - - -
Other trading activities
S03
- - - - -
Investments
S04
1 - - 1 13
Separate material item of income
S05
- - - - -
Other
S06
- - - - -
**_Total_**
S07
31,634 - - 31,634 20,400
**Expenditure (Notes 6)**
**Expenditure on:**
Raising funds
S08
- - - - -
Charitable activities
S09
17,584 - - 17,584 29,391
Separate material expense item
S10
Other
S11
- - - - -
**_Total_**
S12
17,584 - - 17,584 29,391
S13 14,050 - - 14,050 - 8,991
Tax payable
S14
- - - - -
S15 14,050 - - 14,050 - 8,991
Net gains/(losses) on investments
S16
- - - - -
**Net income/(expenditure)**
S17 14,050 - - 14,050 - 8,991
**Extraordinary items**
S18 - - - -
**Transfers between funds**
S19 - - - - -
S20 - - - - -
Other gains/(losses)
S21 - - - - -
**_Net movement in funds_**
S22 14,050 - - 14,050 - 8,991
Total funds brought forward
S23 4,837 - - 4,837 13,828
**_Total funds carried forward_**
S24 18,887 - - 18,887 4,837
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**
**Net income/(expenditure) before tax**
**for the reporting period**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fxed assets for the
charity’s own use
**_Reconciliation of_**
**_funds:_**|**Recommended categories by activity**
Guidance Note
**Total funds**
**£**
**£**
**£**
**£**
**£**
**Income (Note 3)**
F01
F02
F03
F04
F05
**Income and endowments from:**
Donations and legacies
S01
31,633 - - 31,633 20,387
Charitable activities
S02
- - - - -
Other trading activities
S03
- - - - -
Investments
S04
1 - - 1 13
Separate material item of income
S05
- - - - -
Other
S06
- - - - -
**_Total_**
S07
31,634 - - 31,634 20,400
**Expenditure (Notes 6)**
**Expenditure on:**
Raising funds
S08
- - - - -
Charitable activities
S09
17,584 - - 17,584 29,391
Separate material expense item
S10
Other
S11
- - - - -
**_Total_**
S12
17,584 - - 17,584 29,391
S13 14,050 - - 14,050 - 8,991
Tax payable
S14
- - - - -
S15 14,050 - - 14,050 - 8,991
Net gains/(losses) on investments
S16
- - - - -
**Net income/(expenditure)**
S17 14,050 - - 14,050 - 8,991
**Extraordinary items**
S18 - - - -
**Transfers between funds**
S19 - - - - -
S20 - - - - -
Other gains/(losses)
S21 - - - - -
**_Net movement in funds_**
S22 14,050 - - 14,050 - 8,991
Total funds brought forward
S23 4,837 - - 4,837 13,828
**_Total funds carried forward_**
S24 18,887 - - 18,887 4,837
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**
**Net income/(expenditure) before tax**
**for the reporting period**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fxed assets for the
charity’s own use
**_Reconciliation of_**
**_funds:_**|**Recommended categories by activity**
Guidance Note
**Total funds**
**£**
**£**
**£**
**£**
**£**
**Income (Note 3)**
F01
F02
F03
F04
F05
**Income and endowments from:**
Donations and legacies
S01
31,633 - - 31,633 20,387
Charitable activities
S02
- - - - -
Other trading activities
S03
- - - - -
Investments
S04
1 - - 1 13
Separate material item of income
S05
- - - - -
Other
S06
- - - - -
**_Total_**
S07
31,634 - - 31,634 20,400
**Expenditure (Notes 6)**
**Expenditure on:**
Raising funds
S08
- - - - -
Charitable activities
S09
17,584 - - 17,584 29,391
Separate material expense item
S10
Other
S11
- - - - -
**_Total_**
S12
17,584 - - 17,584 29,391
S13 14,050 - - 14,050 - 8,991
Tax payable
S14
- - - - -
S15 14,050 - - 14,050 - 8,991
Net gains/(losses) on investments
S16
- - - - -
**Net income/(expenditure)**
S17 14,050 - - 14,050 - 8,991
**Extraordinary items**
S18 - - - -
**Transfers between funds**
S19 - - - - -
S20 - - - - -
Other gains/(losses)
S21 - - - - -
**_Net movement in funds_**
S22 14,050 - - 14,050 - 8,991
Total funds brought forward
S23 4,837 - - 4,837 13,828
**_Total funds carried forward_**
S24 18,887 - - 18,887 4,837
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**
**Net income/(expenditure) before tax**
**for the reporting period**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fxed assets for the
charity’s own use
**_Reconciliation of_**
**_funds:_**|**Recommended categories by activity**
Guidance Note
**Total funds**
**£**
**£**
**£**
**£**
**£**
**Income (Note 3)**
F01
F02
F03
F04
F05
**Income and endowments from:**
Donations and legacies
S01
31,633 - - 31,633 20,387
Charitable activities
S02
- - - - -
Other trading activities
S03
- - - - -
Investments
S04
1 - - 1 13
Separate material item of income
S05
- - - - -
Other
S06
- - - - -
**_Total_**
S07
31,634 - - 31,634 20,400
**Expenditure (Notes 6)**
**Expenditure on:**
Raising funds
S08
- - - - -
Charitable activities
S09
17,584 - - 17,584 29,391
Separate material expense item
S10
Other
S11
- - - - -
**_Total_**
S12
17,584 - - 17,584 29,391
S13 14,050 - - 14,050 - 8,991
Tax payable
S14
- - - - -
S15 14,050 - - 14,050 - 8,991
Net gains/(losses) on investments
S16
- - - - -
**Net income/(expenditure)**
S17 14,050 - - 14,050 - 8,991
**Extraordinary items**
S18 - - - -
**Transfers between funds**
S19 - - - - -
S20 - - - - -
Other gains/(losses)
S21 - - - - -
**_Net movement in funds_**
S22 14,050 - - 14,050 - 8,991
Total funds brought forward
S23 4,837 - - 4,837 13,828
**_Total funds carried forward_**
S24 18,887 - - 18,887 4,837
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**
**Net income/(expenditure) before tax**
**for the reporting period**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fxed assets for the
charity’s own use
**_Reconciliation of_**
**_funds:_**|**Recommended categories by activity**
Guidance Note
**Total funds**
**£**
**£**
**£**
**£**
**£**
**Income (Note 3)**
F01
F02
F03
F04
F05
**Income and endowments from:**
Donations and legacies
S01
31,633 - - 31,633 20,387
Charitable activities
S02
- - - - -
Other trading activities
S03
- - - - -
Investments
S04
1 - - 1 13
Separate material item of income
S05
- - - - -
Other
S06
- - - - -
**_Total_**
S07
31,634 - - 31,634 20,400
**Expenditure (Notes 6)**
**Expenditure on:**
Raising funds
S08
- - - - -
Charitable activities
S09
17,584 - - 17,584 29,391
Separate material expense item
S10
Other
S11
- - - - -
**_Total_**
S12
17,584 - - 17,584 29,391
S13 14,050 - - 14,050 - 8,991
Tax payable
S14
- - - - -
S15 14,050 - - 14,050 - 8,991
Net gains/(losses) on investments
S16
- - - - -
**Net income/(expenditure)**
S17 14,050 - - 14,050 - 8,991
**Extraordinary items**
S18 - - - -
**Transfers between funds**
S19 - - - - -
S20 - - - - -
Other gains/(losses)
S21 - - - - -
**_Net movement in funds_**
S22 14,050 - - 14,050 - 8,991
Total funds brought forward
S23 4,837 - - 4,837 13,828
**_Total funds carried forward_**
S24 18,887 - - 18,887 4,837
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**
**Net income/(expenditure) before tax**
**for the reporting period**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fxed assets for the
charity’s own use
**_Reconciliation of_**
**_funds:_**|**Recommended categories by activity**
Guidance Note
**Total funds**
**£**
**£**
**£**
**£**
**£**
**Income (Note 3)**
F01
F02
F03
F04
F05
**Income and endowments from:**
Donations and legacies
S01
31,633 - - 31,633 20,387
Charitable activities
S02
- - - - -
Other trading activities
S03
- - - - -
Investments
S04
1 - - 1 13
Separate material item of income
S05
- - - - -
Other
S06
- - - - -
**_Total_**
S07
31,634 - - 31,634 20,400
**Expenditure (Notes 6)**
**Expenditure on:**
Raising funds
S08
- - - - -
Charitable activities
S09
17,584 - - 17,584 29,391
Separate material expense item
S10
Other
S11
- - - - -
**_Total_**
S12
17,584 - - 17,584 29,391
S13 14,050 - - 14,050 - 8,991
Tax payable
S14
- - - - -
S15 14,050 - - 14,050 - 8,991
Net gains/(losses) on investments
S16
- - - - -
**Net income/(expenditure)**
S17 14,050 - - 14,050 - 8,991
**Extraordinary items**
S18 - - - -
**Transfers between funds**
S19 - - - - -
S20 - - - - -
Other gains/(losses)
S21 - - - - -
**_Net movement in funds_**
S22 14,050 - - 14,050 - 8,991
Total funds brought forward
S23 4,837 - - 4,837 13,828
**_Total funds carried forward_**
S24 18,887 - - 18,887 4,837
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**
**Net income/(expenditure) before tax**
**for the reporting period**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fxed assets for the
charity’s own use
**_Reconciliation of_**
**_funds:_**|
|---|---|---|---|---|---|
||-|-|-|-|-|
||-|-|-|-|-|
||14,050|-|-|14,050|- 8,991|
|||||||
||4,837|-|-|4,837|13,828|
||18,887|-|-|18,887|4,837|
Light Education Development
Charity No Company No
## **Section B Balance sheet**
|**Section B Balance sheet**|**Section B Balance sheet**|**Section B Balance sheet**|**Section B Balance sheet**|
|---|---|---|---|
|Guidance Note
**£**
**£**
**£**
**Fixed assets**
F01
F02
F03
**Intangible assets (Note 15)**
B01
- - -
**Tangible assets (Note 14)**
B02
- - -
**Heritage assets (Note 16)**
B03
- - -
**Investments (Note 17)**
B04
- - -
**_Total fxed assets_**
B05
- - -
**Current assets**
**Stocks (Note 18)**
B06
- - -
**Debtors (Note 19)**
B07
- - -
**Investments (Note 17.4)**
B08
- - -
**Cash at bank and in hand (Note 24)**
B09
18,887 - -
**_Total current assets_**
B10
18,887 - -
B11
- - -
**_Net current assets/(liabilities)_**
B12
18,887 - -
**_Total assets less current liabilities_**
B13
18,887 -**-**
B14
- - -
**Provisions for liabilities**
B15
- - -
**_Total net assets or liabilities_**
B16
18,887 - -
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
-
B18
-
**Unrestricted funds**
B19
18,887
-
**Revaluation reserve**
B20
**Fair value reserve**
B21
**_Total funds_**
B22
18,887 - -
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Creditors: amounts falling due**
**within one year (Note 20)**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Restricted income funds (Note 27)**||||
||18,887|-|-|
_**The company was entitled to exemption from audit under s477 of the Companies small companies.**_
_**The members have not required the company to obtain an audit in accordance w Companies Act 2006.**_
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## _**The directors acknowledge their responsibilities for complying with the requirem Act with respect to accounting records and the preparation of accounts.**_
## _**These accounts have been prepared in accordance with the provisions applicable subject to the small companies regime and in accordance with FRS102 SORP.**_
Signed by one or two trustees/directors on behalf of all the trustees/directors
Signature of director authenticating accounts being sent to Companies House
Print Name Peter Dover Signature Peter Dover
CC17a (Excel)
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1141243 6468130
**----- Start of picture text -----**
Total this Total last
year year
£ £
F04 F05
- -
- -
- -
- -
- -
- -
- -
- -
18,887 4,837
18,887 4,837
- -
18,887 4,837
18,887 4,837
- -
- -
18,887 4,837
- -
- -
18,887 4,837
-
18,887 4,837
**----- End of picture text -----**
_**s Act 2006 relating to**_
_**with section 476 of the**_
CC17a (Excel)
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4
## _**ments of the Companies**_
## _**e to small companies**_
Date of approval dd/mm/yyyy 08/27/2022 Date dd/mm/yyyy 08/27/2022 **Print name**
CC17a (Excel)
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**Section C Notes to the ac**
## Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost c value unless otherwise stated in the relevant note(s) to these a
The accounts have been prepared in accordance with:
the Statement of Recommended P • and with* ü preparing their accounts in accorda in the UK and Republic of Ireland (F • and with* ü the Financial Reporting Standard ap Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
* -Tick as appropriate
## **1.2 Going concern**
## _**If there are material uncertainties related to events or c charity's ability to continue as a going concern, please p applicable", if appropriate:**_
An explanation as to those factors that support _**Not Applicab**_ the conclusion that the charity is a going concern;
Disclosure of any uncertainties that make the _**Not Applicab**_ going concern assumption doubtful;
Where accounts are not prepared on a going _**Not Applicab**_ concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and no changes have note { }.
Yes* ü * -Tick as appropriate No*
CC17a (Excel)
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## _**Please disclose:**_
## _**(i) the nature of the change in accounting policy;**_
_**(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and**_
_**(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS102 SORP.**_
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the repo
Yes* ü * -Tick as appropriate No*
## _**Please disclose:**_
## _**(i) the nature of any changes;**_
_**(ii) the effect of the change on income and expense or assets and liabilities for the current period; and**_
_**(iii) where practicable, the effect of the change in one or more future periods.**_
## **1.5 Material prior year errors**
No material prior year error have been identified in the reportin Yes* ü * -Tick as appropriate No*
## _**Please disclose:**_
## _**(i) the nature of the prior period error;**_
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_**(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and**_
_**(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.**_
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**ccounts**
convention with items recognised at cost or transaction accounts.
ractice: Accounting and Reporting by Charities ance with the Financial Reporting Standard applicable FRS 102) issued on 16 July 2014
pplicable in the United Kingdom and Republic of
## _**conditions that cast significant doubt on the provide the following details or state "Not**_
**----- Start of picture text -----**
le
le
le
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e been made to the accounting policies adopted in
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## rting period (3.46 FRS102 SORP).
**----- Start of picture text -----**
Not applicable
**----- End of picture text -----**
## ng period (3.47 FRS102 SORP).
**----- Start of picture text -----**
Not Applicable
**----- End of picture text -----**
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CC17a IExcell
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1111612022
## **Section C Notes to**
## **Note 2 Accounting policies**
_**This standard list of accounting policies has been applie different or additional policy has been adopted then this**_
## **2.1 RECONCILIATION WITH PREVIOUS GE PRACTICE**
**Please provide a description of the nature of each change N/A in accounting policy**
_**Reconciliation of funds per previous GAAP to funds dete**_
**Start of End of period period £ £ Fund balances as previously stated** _**Adjustments:**_ **Fund balance as restated** _**Reconciliation of net income/(net expenditure) per previ FRS 102**_ **End of period £ Net income/(expenditure) as previously stated** _**Adjustments:**_ **Previous period net income/(expenditure) as restated**
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**the accounts (cont)**
_**ed by the charity except for those deleted. Where a s is detailed in the box below.**_
## **ENERALLY ACCEPTED ACCOUNTING**
## _**ermined under FRS 102**_
## _**ious GAAP to net income/(net expenditure) under**_
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## **Section C**
|**Note 2**|**Accounting policies**|
|---|---|
|**2.2 INCOME**||
|**Recognition of income**|These are included in the Stat|
||· the charity becomes ent|
||· it is more likely than not|
||· the monetary value can|
|**Ofsetting**|There has been no ofsetting o
required or permitted by the F|
|**Grants and donations**|Grants and donations are only
criteria are met (5.10 to 5.12|
||In the case of performance re|
||that the charity has provided t|
||only occurs when the perform|
||Legacies are included in the S|
|**Legacies**|grant of probate, the executor
estate and any conditions atta|
||charity or have been met.|
|**Government grants**|The charity has received gove|
||Gift Aid receivable is included|
|**Tax reclaims on**|Any Gift Aid amount recovered|
|**donations and gifts**|treated as an addition to the s|
||terms of the appeal have spec|
|**Contractual income and**|This is only included in the So|
|**performance related**|services or met the performan|
|**grants**||
|**Donated goods**|Donated goods are measured
exchanged) unless impractica|
||The cost of any stock of goods|
||the fair value of those gifts at|
||receipt. In the reporting perio|
||as an expense at the carrying|
||Donated goods for resale are|
||expected proceeds from sale l|
||from other trading activities' w|
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from other trading activities' w sheet. On its sale the value o activities' and the proceeds fr activities'. Goods donated for on-going u and included in the SoFA as in Gifts in kind for use by the cha when receivable.
**Donated services and** Donated services and facilities **facilities** gift to the charity provided the Donated services and facilities with an equivalent amount rec the SOFA. **Support costs** The charity has incurred expe The value of any voluntary he **Volunteer help** in the trustees’ annual report. **Income from interest,** This is included in the account **royalties and dividends** be measured reliably. **Income from membership** Membership subscriptions rec **subscriptions** Legacies. Membership subscriptions wh benefits are recognised as inc income from charitable activit Insurance claims are only incl **Settlement of insurance** criteria are met (5.10 to 5.12 **claims** in the SoFA. This includes any realised or u **Investment gains and** any gain or loss resulting from **losses** year. **2.3 EXPENDITURE AND LIABILITIES** Liabilities are recognised whe constructive obligation comm **Liability recognition** the obligation can be measure **Governance and support** Support costs have been alloc **costs** Governance costs comprise al compliance with regulation an
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||Support costs include central|
|---|---|
||categories on a basis consiste|
||foor areas, or per capita, staf|
|**Grants with performance**|
Where the charity gives a gra|
|**conditions**|service or output to be provid|
||recipient of the grant has prov|
|**Grants payable without**|Where there are no conditions|
|**performance conditions**|realistically avoid the commitm|
||recognised.|
|**Redundancy cost**|The charity made no redundan|
|**Deferred income**|No material item of deferred i|
|**Creditors**|The charity has creditors whic
discounts|
||A liability is measured on reco|
|**Provisions for liabilities**|measured at the best estimate|
||reporting date|
|**Basic fnancial**
**instruments**|The charity accounts for basic
paragraph 10.7 FRS102 SORP.
11.19, FRS102 SORP.|
|**2.4 ASSETS**||
|**Tangible fxed assets for**|These are capitalised if they c|
|**use by charity**||
||They are valued at cost.|
||The depreciation rates and me|
||The charity has intangible fxe|
|**Intangible fxed assets**|physical substance but are ide|
||or legal rights. The amortisat|
||They are valued at cost.|
||The charity has heritage asset|
|**Heritage assets**|scientifc, technological, geop
maintained principally for thei|
||rates and methods used as dis|
||They are valued at cost.|
||Fixed asset investments in quo|
|**Investments**|valued at initially at cost and
end. The same treatment is a|
||measured reliably in which ca|
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Investments held for resale or maturity date of less than 1 ye **Stocks and work in** Stocks held for sale as part of **progress** net realisable value. Goods or services provided as value based on the service po Work in progress is valued at c contract. Debtors (including trade debto at settlement amount after an **Debtors** Subsequently, they are measu received. The charity has investments w **Current asset** cash equivalents with a matur **investments** and cash equivalents with a m rather than to meet short-term
They are valued at fair value e
**POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
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**Notes to the accounts (cont)**
tement of Financial Activities (SoFA) when: itled to the resources;
that the trustees will receive the resources; be measured with sufficient reliability.
of assets and liabilities, or income and expenses, unless FRS 102 SORP or FRS 102.
y included in the SoFA when the general income recognition FRS102 SORP).
lated grants, income must only be recognised to the extent the specified goods or services as entitlement to the grant ance related conditions are met (5.16 FRS 102 SORP).
SOFA when receipt is probable, that is, when there has been rs have established that there are sufficient assets in the ached to the legacy are either within the control of the
ernment grants in the reporting period
in income when there is a valid declaration from the donor. d on a donation is considered to be part of that gift and is same fund as the initial donation unless the donor or the cified otherwise.
FA once the charity has provided the related goods or nce related conditions.
at fair value (the amount for which the asset could be l to do so.
s donated for distribution to beneficiaries is deemed to be the time of their receipt and they are recognised on od in which the stocks are distributed, they are recognised amount of the stocks at distribution.
measured at fair value on initial recognition, which is the less the expected costs of sale, and recognised in 'Income with the corresponding stock recognised in the balance
**----- Start of picture text -----**
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
**----- End of picture text -----**
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se by the charity are recognised as tangible fixed assets ncoming resources when receivable.
arity are included in the SoFA as income from donations
s are included in the SOFA when received at the value of the e value of the gift can be measured reliably.
s that are consumed immediately are recognised as income cognised as an expense under the appropriate heading in
nditure on support costs.
elp received is not included in the accounts but is described
ts when receipt is probable and the amount receivable can
eived in the nature of a gift are recognised in Donations and
ich gives a member the right to buy services or other come earned from the provision of goods and services as ties.
uded in the SoFA when the general income recognition FRS102 SORP) and are included as an item of other income
unrealised gains or losses on the sale of investments and m revaluing investments to market value at the end of the
re it is more likely than not that there is a legal or itting the charity to pay out resources and the amount of ed with reasonable certainty.
cated between governance costs and other support.
ll costs involving public accountability of the charity and its nd good practice.
ü Yes* No* N/a* ü
**----- Start of picture text -----**
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
**----- End of picture text -----**
CC17 FRS 102 SORP
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functions and have been allocated to activity cost ent with the use of resources, eg allocating property costs by ff costs by the time spent and other costs by their usage.
nt with conditions for its payment being a specific level of ed, such grants are only recognised in the SoFA once the vided the specified service or output.
s attaching to the grant that enables the donor charity to ment, a liability for the full funding obligation must be
ncy payments during the reporting period.
ncome has been included in the accounts.
ch are measured at settlement amounts less any trade
ognition at its historical cost and then subsequently e of the amount required to settle the obligation at the
c financial instruments on initial recognition as per . Subsequent measurement is as per paragraphs 11.17 to
can be used for more than one year, and cost at least
**----- Start of picture text -----**
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
**----- End of picture text -----**
ethods used are disclosed in note 14.
ed assets, that is, non-monetary assets that do not have entifiable and are controlled by the charity through custody ion rates and methods used are disclosed in note 15.
ts, that is, non-monetary assets with historic, artistic, hysical or environmental qualities that are held and ir contribution to knowledge and culture. The depreciation sclosed in note 16.
oted shares, traded bonds and similar investments are subsequently at fair value (their market value) at the year applied to unlisted investments unless fair value cannot be se it is measured at cost less impairment.
**----- Start of picture text -----**
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
**----- End of picture text -----**
Yes* No* N/a* ü
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r pending their sale and cash and cash equivalents with a ear are treated as current asset investments
non-charitable trade are measured at the lower or cost or
s part of a charitable activity are measured at net realisable otential provided by items of stock.
cost less any foreseeable loss that is likely to occur on the
ors and loans receivable) are measured on initial recognition ny trade discounts or amount advanced by the charity. ured at the cash or other consideration expected to be
which it holds for resale or pending their sale and cash and rity date less than one year. These include cash on deposit maturity of loss than one year held for investment purposes m cash commitments as they fall due.
except where they qualify as basic financial instruments.
**----- Start of picture text -----**
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
Yes* No* N/a*
ü
**----- End of picture text -----**
CC17 FRS 102 SORP
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## **Section C Notes to the accounts**
## **Note 24 Cash at bank and in hand**
|**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**
**Cash at bank and on hand**
**Other**
**Total**|**This year**
**£**|
|---|---|
||-|
||-|
||18,887|
||-|
||18,887|
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## **(cont)**
**Last year £** - - 4,837 - 4,837
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## **Section C Notes to the accounts**
## **Note 28 Transactions with trustees and related part**
_**If the charity has any transactions with related parties (other than the trustee expe details of such transactions should be provided in this note. If there are no transac “True” in the box or "False" if there are transactions to report.**_
## **28.1 Trustee remuneration and benefits**
## **This year**
**None of the trustees have been paid any remuneration or received any other benefi employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give t for, any remuneration or other benefits paid to a trustee by the charity or any instit it.**_
**----- Start of picture text -----**
Amounts pa
Legal authority (eg Remuneration Pension
Name of trustee order, governing contribution
document)
£ £
- -
- -
- -
- -
**----- End of picture text -----**
_**Please give details of why remuneration or other employment benefits were paid.**_
_**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment. If a third party has been reimbursed for providing one or more trustees, state the nature of the payment and amount of the reimbursement. State the number of trustees to whom retirement benefits are accruing under a defined contribution pension scheme.**_
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## **Last year**
## **None of the trustees have been paid any remuneration or received any other benefi employment with their charity or a related entity (True or False)**
_**In the period the charity has paid trustees remuneration and benefits. Please give t for, any remuneration or other benefits paid to a trustee by the charity or any instit it.**_
**----- Start of picture text -----**
Amounts pa
Remuneration Pension
Legal authority (eg contribution
Name of trustee order, governing
document)
£ £
- -
- -
- -
- -
Please give details of why remuneration or other
employment benefits were paid.
Where an ex gratia payment has been made to a
trustee, provide an explanation of the nature of the
payment.
If a third party has been reimbursed for providing one
or more trustees, state the nature of the payment and
amount of the reimbursement.
State the number of trustees to whom retirement
benefits are accruing under a defined contribution
pension scheme.
**----- End of picture text -----**
## **28.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such tr this note. If there are no transactions to report, please enter “True” in the box belo report, please enter "False".**_
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## **No trustee expenses have been incurred (True or False)**
**This Type of expenses reimbursed £ Travel Subsistence Accommodation Other (please specify): TOTAL Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity**
## **28.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in material interest, including where funds have been held as agent for related parties transactions, please enter 'true' in the box provided.**_
## **This year**
## **There have been no related party transactions in the reporting period (True or False**
**----- Start of picture text -----**
Name of the trustee Relationship Description of the Balance at
Amount
or related party to charity transaction(s) period end
£ £
- -
- -
- -
- -
In relation to the transactions above, please provide the
terms and conditions, including any security and the
nature of any payment (consideration) to be provided in
settlement.
For any related party, please provide details of any
guarantees given or received.
**----- End of picture text -----**
## **Last year**
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## **There have been no related party transactions in the reporting period (True or False**
**----- Start of picture text -----**
Name of the trustee Relationship Description of the Balance at
Amount
or related party to charity transaction(s) period end
£ £
- -
- -
- -
- -
In relation to the transactions above, please provide the
terms and conditions, including any security and the
nature of any payment (consideration) to be provided in
settlement.
For any related party, please provide details of any
guarantees given or received.
**----- End of picture text -----**
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## **(cont)**
## **ties**
## _**enses explained in guidance notes) tions to report, please enter**_
**----- Start of picture text -----**
ts from an 1
the amount of, and legal authority
tution or company connected with
aid or benefit value
Redundancy Other TOTAL
(including loss
of office)/ex
gratia
£ £ £
- - [ - ]
- - [ - ]
- - [ - ]
- - [ - ]
**----- End of picture text -----**
_**the amount of, and legal authority tution or company connected with**_
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**1 ts from an**
## _**the amount of, and legal authority tution or company connected with**_
**----- Start of picture text -----**
aid or benefit value
Redundancy Other TOTAL
(including loss
of office)/ex
gratia
£ £
- - [ - ]
- - [ - ]
- - [ - ]
- - [ - i]
**----- End of picture text -----**
## **aid or benefit value**
_**ransactions should be provided in ow. If there are transactions to**_
CC17a (Excel)
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**----- Start of picture text -----**
1
year Last year
£ £
- -
- -
- -
- -
- -
- -
**----- End of picture text -----**
## _**which a related party has a s. If there are no such**_
**----- Start of picture text -----**
e) 1
Amounts
written
Provision for bad debts
off during
at period end
reporting
period
£ £
- -
- -
- -
- -
**----- End of picture text -----**
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**----- Start of picture text -----**
e) 1
Amounts
written
Provision for bad debts
off during
at period end
reporting
period
£ £
- -
- -
- -
- -
**----- End of picture text -----**
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CHARtrY COMMISSION
Independent Examiners Report to the Trustees of
Light Education Development Charity Number 1141243
Examinerfs urqualtfied report (for a norFcompany charity Fry)aring receipts and payments
accounts) a gross income of £250.000 or less in the relevant financial year
I report to the trustees M my examination of the accxxwts of the LvJht Education
Development . (the Trust) forthe year eIed 31 knuary 2022.
Responsibilities and basis of report
As the charity trustees of the Tnjst you are resp(SIble for the preparation of the accounts
accordan with the uIreMents of the chariti Aca 2011 (Ihe Ad).
I report in respe(* of my examination of the Trusfs aMts rrIed out under sedion 145 of
the 2011 Act and in Garying out my examination I have follo1 all the applicabje Directions
given by the Charity Commission under se(*ion 145(5)(b) the Act
Independent examinerfs statem
I have cotnpleted my examirHtion. I cOnmI th*there are mail5 of mateiial stgnificance
or otherwise that have come to my attention in connection ¥th the examination gÈving me
cause to believe that in any respecL
1. accounting rewd5 not kept in res1 of the Tnt as requed by section 130 of the
Ac#". Ix
2. the accounts do not accord 1th those re(x)rds.
I have no concems or reservations the accounts arxl the manner in Mthich they have
been prepared and disclosed. I have come across no other matters in Connection wtth the
examination to which attentiM should be drawn in this rep(xt in order to enaNe a proper
understarKtirKJ of the aCUnts to be reactd.
Signed:
Date: 27 cdoh)-,
Name: Paula Heath FCMA
EC2M 2RB