OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-01-31-accounts

Light Education Development Charit No 1141243
Com an No 6466130
Annual accounts for the period
Period start date 01-Feb-22 To eno
en
date		 31-Jan-23

0
8 Restricted
Unrestricted income Endowment Prior year
Recommended
categories		 by activity funds
E		 funds
f		 funds
E		 Total funds
E		 funds
Income (Note 3) F01 F02 F03 F04 F05
Income and endowments from;
Donations
and legacies		 601 28,301 28,301 31,633
Charitable
activities		 602
Other trading
activities		 S03
Investments S04 12 12
Separate
material
item ofincome		 605
Other 606
Total S07 28, 28,313 31,6 4
Expenditure
(Notes		 6)
Expenditure
on:
Raising funds 508
Charitable
activities		 S09 27,367 27,367 17,584
Separate material
expense		 item 610
Other Sff
Total 612 7,3 7
Net income/(expenditure) before tax for
the reporting
period		 613 946 946 14,050
Tax payable 814
Net income/(expenditure) after tax
before investment gains/(losses) 615 946 946 14,050
Net gains/(losses)
on
investments 616
Net income/(expenditure) 617 946 946 14,050
Extraordinary
items		 618
Transfers
between		 funds Sf9
Other recognised gains/(losses):
Gains and losses on revaluation offixed assets for the
charity's
own use		 620
Other gains/(losses) 321
Nef movement
in funds		 622 946 946 14,050
Reconciliation of
funds:
Total funds bmught
forward		 823 18,887 18,887 4,837
Total funds carried forward 624
Light Education Development Development Charity No 1141243
Compan No 6466130
ID8
IIIO Restricted
tllu Unrestricted income Endowment Total this Totallaet
io funds funds funds year year
E E E E E
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) Boi
Tangible assets (Note 14) eo2
Heritage assets (Note 16) Box
Investments (Note 17) eo4
Total ffxed assets Boo
Current assets
Stocks (Note 18) BOB
Debtors (Note 19) ear
Investments (Note 17.4) Boa
Cash at bank and in hand
(Note 24)		 Boo 18,887
Total current assets Bio ,8
Creditors: amounts falling due within
one year (Note 20) 611
Net current assets/(liabilities) 612 8, 87
Total assets less cunent liabilities Bir
Creditors: amounts falling due after
one year (Note 20) B14
Provisions for liabilities 615
Total net assets or liabilities e16 19,833 19,833 18,887
Funds ofthe Charity
Endowment
funds		 (Note 27) B12
Restricted income funds (Note 27) B18
Unrestricted
funds		 612 19,833 19,833 18,887
Revaluation
reserve		 626
Fair value reserve 621
Total funds 622 18,887

Note 2 Accounting
policies
2.2 INCOME
Recognition of income These are included
in the Statement of Finanaal
Activities (SoFA) when:
the charity becomes entitled to the resources;
tt is more likely than not that the trustees
will receive the resources;
the monetary
value can be measured
with sufficient
regsbrilty
Offsetting There has been no offsetting ofassets and liabilities,
or income and expenses,
unless
required
or permitted
by the FRS 102SORP or FRS 102.		 Yes* No* N/a'
Grants end donations Grants and donations
are only mcluded
in the SoFA when the general
income recognition
critena are met (5.10to5.12FRS102SORP).		 Yea* NO* N/a*
In the cess of performance
related grants, income must only be recognised
to the extent		 Yes* No* N/a*
that the charity has provided
the speofied goods or services as entitlement
to the grant
only occurs when the performance
related conditions
are met (5.16FRS 102SORP).
Legsoes are included
in the SOFA when receipt is probable,
that is, when there has
Legacies been grant ofprobate, the executors have established
that there are sufficient assets
in
the estate and sny conditions
attached tothe legacy are either wtthrn
the control ofthe		 Yes* No N/a
charity or have been met.
Yea* No* N/a*
Government grants The charity has received government
grants
in the reporting
period
Gift Aid receivable
is included
in income when there isa valid declaration
from the donor.
Tax reclaims
and gifts		 on donations Any Gift Aid amount
recovered on a donation
is considered
to be part ofthat glff and is
treated as an addition toths same fund as the iniTial donation
unless the donor or the
terms ofthe appeal have specified otherwise.		 Yes
No
Nls*
CCQ
Contractual income and This is only included
in the SoFA once the charity has provided
the related goods or		 Yes* No* N/s*
performance related services or met the performance
related conditions.
grants
Donated goods Donated goods are measured
at fair value (the amount for which the asset could be
exchanged)
unless impractical
to do so.		 Yes
No
N/a
CZD
The cost ofany stock ofgoods donated
for distribution
to beneficiaries
is deemed
to be
the fair value ofthose gifts at the time oftheir receipt and they are recognised
on receipt.
In the reporting
period
in which the stocks are distributed,
they are recognised as an
expense at the carrying
amount ofthe stocks at distribution,		 Yes
No
Nla
CCCI
Donated goods for resale are measured
at fair value on initial recognitron,
whrch is the
expected proceeds from sale less the expected costs ofsale, and recognised
tn 'Income
from other trading
acsvrties'
with the corresponding
stock recognised
in the balance
sheet.
On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from
sale are also recognised as 'Income from other trading
activities'.		 CCH
Goods donated for on-going use by the charity are recognised as tangible
fixed assets		 Yea* NO* N/a*
and included
in the SoFA as incoming
resources when receivable.
Gifts in kind for use by the charity are included
in the SoFA as income from donations		 Yes* No* N/a*
when receivable.
Donated services and Donated services and faolities are included
in the SOFA when received at the value of		 Yes* No* N/a
facilities the gift to the chanty provided the value ofthe gift can be measured
reliably.
Donated serwces and faolities that are consumed
immediately
are recognised as income		 Yes* No* N/a*
with an equivalent
amount recognised as an expense under the appropriate
heeding
in
the SOFA.
Yes* No* N/s*
Supportcosts The charity has incumsd
expenditure
on support costs.
Volunteer help The value ofany voluntary
help received
is not included
tn ths accounts but is described
in the trustees'
annual
report.		 Yes* No* N/a*
Income from
royalties and		 Income from
royalties and		 interest,
dividends		 This is included
in the accounts when receipt is probable and the amount
receivable can
be measured
reliably.		 This is included
in the accounts when receipt is probable and the amount
receivable can
be measured
reliably.		 Yes
No
N/a*
CCCI		 Yes
No
N/a*
CCCI		 Yes
No
N/a*
CCCI
Income from membership Membership
subscnptions
received
m the nature ofa gift are recognised
in Donakons		 Yes* No* hya*
subscrlptlons and Legacies.
Membership
subscnptions
which gives a member the right to buy services or other		 Yes* No* N/a*
benefits are recognised as income earned
from the provision ofgoods and services
income from chantable
activities.		 as CZZ7
Settlement
claims		 of insurance Insurance
claims are only mcluded
in the SoFA when the general income recognition
cnteria are met (510to5.12FRS102SORP) and are included as an item ofother
income
in the SoFA.		 Yes* No* N/a*
Investment
losses		 gains and This includes
any realised or unrealised
gains or losses on the sale of investments
and
any gain or loss resulting
from revaluing
investmenls
to market value at the end ofthe		 Yes* No* N/a*
year.
2.3EXPENDITURE AND LIABILITIES
Liabilities are recogrssed
where
it is more likely than not that there rs a legal or		 Yes* No* N/a*
Liability recognition constructive
obligafion commgfing
the chadly lopsy out resources
and the amount
obligagon
can be measured
with reasonable
txtiuttnly.		 ofthe
Governance
costs		 and support Support costs have been afaceted between
governance
costs and other supporL
Governance
costs compnse
ag costs involving
public accountability
ofthe charity snd its		 Yes* No* N/a*
compliance
vnth regulation
and good pracsce.
Support costs include central functions
and have been allocated to activity cost
categories
on a basis consistent
with the use ofresources, eg allocating
properly costs		 Yes' No* N/s*
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance Where the charity gives a grant with conditions
for its payment
being a specific level of
conditions service or output to be provided,
such grants are only recognised
in the SoFA once		 the Yes* No* N/a*
recipient ofthe grant hss provided
the specified service or output.
Grants payable without
performance
conditions		 Where there sre no conditions
attachmg
to the grant that enables the donor charity
reslisticafiy
avoid the commitment,
a liabihty for the full fundmg
obhgation
must be		 to Yes* No* N/a*
recognised.
Yes* No* N/a*
Redundancy cost The chanty made no redundancy
payments
dunng
the reporting
penod.
Yes* No* N/a*
Deferred income No material
item ofdeferred
income has been included
in the accounts
Creditors The charity has creditors which are measured
at settlement
amounts
less any trade
discounts		 Yes* No* N/a*
A liability is measured
on recognition at its historical cost and then subsequently		 Yes* No* N/a*
Provisions for liabifitles measured
at the best estimate
ofthe amount
required
to setfie the obligation at the
reportmg
date
Basic financial
Instruments		 The charity accounts for basic financial
instruments
on initial recognition
as per
paragraph
10.7FRS102SORP. Subsequent
measurement
isas per paragraphs
1117
to 11.19,FRS102SORP.		 Yes* No* Nla*
2.4ASSETS
Tangible fixed assets for These are capitalised
ifthey can be used for more than one year, and cost at least
use by charity Yes* No' N/a*
They are valued at cost.
The depreciation
rates and methods
used are disclosed
in note 14.
Intangible
fixed assets		 The chanty has mtangible
fixed assets, that is, non-monetary
assets that do not have
physical
substance
but are identifiable
and are controlled
by the charity through
custody		 Yes* No* N/s*
or legal nghts
The amortisation
rates and methods
used are disclosed
m note 15.
They are valued atcost Yes* No* N/a*
Heritage assets The charity has hentage assets, that is, non-monetary
assets with historic, artistic,
scientific, technological,
geophysical
or environmental
qualities
that are held
and
maintamed
prinapagy
for their contribution
to knowledge
and culture.
The depreciation
rates and methods
used as disclosed
in nota 16.		 Yes
No
N/a*
lZZI
Yes* No* N/a*
They are valued at cost.
Fixed asset investments
In quoted shares, traded bonds and simfiar investments
ere
Investments valued at initially at cost snd subsequently
st fair value (their market value) at the year		 Yes* No' N/a'

Note 24
Cash at bank and		 in hand
This year Last year
Short term cash investments (less than 3months maturity date)
Short term deposits
Cash at bank and on hand 19,833 18,887
Other
Total

Amounts paid or benefit value
Legal authority(eg Remuneration Pension Redundancy Other TOTAL
Name oftrustee order, governing contribution (including
document) loss of
office)/ex
retie

Amounts paid or benefit value
Name oftrustee Legal authority
(eg
order, governing		 Remuneration Pension
contribution		 Redundancy
(including
loss of		 Other TOTAL
document) office)lex
gratia
Please give details ofwhy remuneration orother
employment
benefits were paid.
Where an ex gratia payment has been made toa trustee,
provide an explanation
ofthe nature		 ofthe payment.
Ifa third party has been reimbursed forproviding
one		 or
mom trustees, state the nature ofthe payment
and
amount ofthe mimbursement.
State the number oftrustees to whom retirement
benefits
are accruing under a defined contribution
pension
scheme.

No trustee expenses have been incurred (True or False) TRUE
Type ofexpenses reimbursed This year Last year
Travel
Subsistence
Accommodation
Other (please specify):
TOTAL

here have been no related party tran sactions
in the reporting		 period (True or False) TRUE
Amounts
Name
or		 ofthe trustee
related party		 Relationship
to charity		 Description ofthe
transaction(s)		 Amount Balance at
period end		 Provision for bad
at period end		 debts written off
during
reporting
cried

Light Education Development Charit No 1141243
Com an No 6466130
Annual accounts for the period
Period start date 01-Feb-22 To eno
en
date		 31-Jan-23

0
8 Restricted
Unrestricted income Endowment Prior year
Recommended
categories		 by activity funds
E		 funds
f		 funds
E		 Total funds
E		 funds
Income (Note 3) F01 F02 F03 F04 F05
Income and endowments from;
Donations
and legacies		 601 28,301 28,301 31,633
Charitable
activities		 602
Other trading
activities		 S03
Investments S04 12 12
Separate
material
item ofincome		 605
Other 606
Total S07 28, 28,313 31,6 4
Expenditure
(Notes		 6)
Expenditure
on:
Raising funds 508
Charitable
activities		 S09 27,367 27,367 17,584
Separate material
expense		 item 610
Other Sff
Total 612 7,3 7
Net income/(expenditure) before tax for
the reporting
period		 613 946 946 14,050
Tax payable 814
Net income/(expenditure) after tax
before investment gains/(losses) 615 946 946 14,050
Net gains/(losses)
on
investments 616
Net income/(expenditure) 617 946 946 14,050
Extraordinary
items		 618
Transfers
between		 funds Sf9
Other recognised gains/(losses):
Gains and losses on revaluation offixed assets for the
charity's
own use		 620
Other gains/(losses) 321
Nef movement
in funds		 622 946 946 14,050
Reconciliation of
funds:
Total funds bmught
forward		 823 18,887 18,887 4,837
Total funds carried forward 624
Light Education Development Development Charity No 1141243
Compan No 6466130
ID8
IIIO Restricted
tllu Unrestricted income Endowment Total this Totallaet
io funds funds funds year year
E E E E E
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) Boi
Tangible assets (Note 14) eo2
Heritage assets (Note 16) Box
Investments (Note 17) eo4
Total ffxed assets Boo
Current assets
Stocks (Note 18) BOB
Debtors (Note 19) ear
Investments (Note 17.4) Boa
Cash at bank and in hand
(Note 24)		 Boo 18,887
Total current assets Bio ,8
Creditors: amounts falling due within
one year (Note 20) 611
Net current assets/(liabilities) 612 8, 87
Total assets less cunent liabilities Bir
Creditors: amounts falling due after
one year (Note 20) B14
Provisions for liabilities 615
Total net assets or liabilities e16 19,833 19,833 18,887
Funds ofthe Charity
Endowment
funds		 (Note 27) B12
Restricted income funds (Note 27) B18
Unrestricted
funds		 612 19,833 19,833 18,887
Revaluation
reserve		 626
Fair value reserve 621
Total funds 622 18,887

Note 2 Accounting
policies
2.2 INCOME
Recognition of income These are included
in the Statement of Finanaal
Activities (SoFA) when:
the charity becomes entitled to the resources;
tt is more likely than not that the trustees
will receive the resources;
the monetary
value can be measured
with sufficient
regsbrilty
Offsetting There has been no offsetting ofassets and liabilities,
or income and expenses,
unless
required
or permitted
by the FRS 102SORP or FRS 102.		 Yes* No* N/a'
Grants end donations Grants and donations
are only mcluded
in the SoFA when the general
income recognition
critena are met (5.10to5.12FRS102SORP).		 Yea* NO* N/a*
In the cess of performance
related grants, income must only be recognised
to the extent		 Yes* No* N/a*
that the charity has provided
the speofied goods or services as entitlement
to the grant
only occurs when the performance
related conditions
are met (5.16FRS 102SORP).
Legsoes are included
in the SOFA when receipt is probable,
that is, when there has
Legacies been grant ofprobate, the executors have established
that there are sufficient assets
in
the estate and sny conditions
attached tothe legacy are either wtthrn
the control ofthe		 Yes* No N/a
charity or have been met.
Yea* No* N/a*
Government grants The charity has received government
grants
in the reporting
period
Gift Aid receivable
is included
in income when there isa valid declaration
from the donor.
Tax reclaims
and gifts		 on donations Any Gift Aid amount
recovered on a donation
is considered
to be part ofthat glff and is
treated as an addition toths same fund as the iniTial donation
unless the donor or the
terms ofthe appeal have specified otherwise.		 Yes
No
Nls*
CCQ
Contractual income and This is only included
in the SoFA once the charity has provided
the related goods or		 Yes* No* N/s*
performance related services or met the performance
related conditions.
grants
Donated goods Donated goods are measured
at fair value (the amount for which the asset could be
exchanged)
unless impractical
to do so.		 Yes
No
N/a
CZD
The cost ofany stock ofgoods donated
for distribution
to beneficiaries
is deemed
to be
the fair value ofthose gifts at the time oftheir receipt and they are recognised
on receipt.
In the reporting
period
in which the stocks are distributed,
they are recognised as an
expense at the carrying
amount ofthe stocks at distribution,		 Yes
No
Nla
CCCI
Donated goods for resale are measured
at fair value on initial recognitron,
whrch is the
expected proceeds from sale less the expected costs ofsale, and recognised
tn 'Income
from other trading
acsvrties'
with the corresponding
stock recognised
in the balance
sheet.
On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from
sale are also recognised as 'Income from other trading
activities'.		 CCH
Goods donated for on-going use by the charity are recognised as tangible
fixed assets		 Yea* NO* N/a*
and included
in the SoFA as incoming
resources when receivable.
Gifts in kind for use by the charity are included
in the SoFA as income from donations		 Yes* No* N/a*
when receivable.
Donated services and Donated services and faolities are included
in the SOFA when received at the value of		 Yes* No* N/a
facilities the gift to the chanty provided the value ofthe gift can be measured
reliably.
Donated serwces and faolities that are consumed
immediately
are recognised as income		 Yes* No* N/a*
with an equivalent
amount recognised as an expense under the appropriate
heeding
in
the SOFA.
Yes* No* N/s*
Supportcosts The charity has incumsd
expenditure
on support costs.
Volunteer help The value ofany voluntary
help received
is not included
tn ths accounts but is described
in the trustees'
annual
report.		 Yes* No* N/a*
Income from
royalties and		 Income from
royalties and		 interest,
dividends		 This is included
in the accounts when receipt is probable and the amount
receivable can
be measured
reliably.		 This is included
in the accounts when receipt is probable and the amount
receivable can
be measured
reliably.		 Yes
No
N/a*
CCCI		 Yes
No
N/a*
CCCI		 Yes
No
N/a*
CCCI
Income from membership Membership
subscnptions
received
m the nature ofa gift are recognised
in Donakons		 Yes* No* hya*
subscrlptlons and Legacies.
Membership
subscnptions
which gives a member the right to buy services or other		 Yes* No* N/a*
benefits are recognised as income earned
from the provision ofgoods and services
income from chantable
activities.		 as CZZ7
Settlement
claims		 of insurance Insurance
claims are only mcluded
in the SoFA when the general income recognition
cnteria are met (510to5.12FRS102SORP) and are included as an item ofother
income
in the SoFA.		 Yes* No* N/a*
Investment
losses		 gains and This includes
any realised or unrealised
gains or losses on the sale of investments
and
any gain or loss resulting
from revaluing
investmenls
to market value at the end ofthe		 Yes* No* N/a*
year.
2.3EXPENDITURE AND LIABILITIES
Liabilities are recogrssed
where
it is more likely than not that there rs a legal or		 Yes* No* N/a*
Liability recognition constructive
obligafion commgfing
the chadly lopsy out resources
and the amount
obligagon
can be measured
with reasonable
txtiuttnly.		 ofthe
Governance
costs		 and support Support costs have been afaceted between
governance
costs and other supporL
Governance
costs compnse
ag costs involving
public accountability
ofthe charity snd its		 Yes* No* N/a*
compliance
vnth regulation
and good pracsce.
Support costs include central functions
and have been allocated to activity cost
categories
on a basis consistent
with the use ofresources, eg allocating
properly costs		 Yes' No* N/s*
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance Where the charity gives a grant with conditions
for its payment
being a specific level of
conditions service or output to be provided,
such grants are only recognised
in the SoFA once		 the Yes* No* N/a*
recipient ofthe grant hss provided
the specified service or output.
Grants payable without
performance
conditions		 Where there sre no conditions
attachmg
to the grant that enables the donor charity
reslisticafiy
avoid the commitment,
a liabihty for the full fundmg
obhgation
must be		 to Yes* No* N/a*
recognised.
Yes* No* N/a*
Redundancy cost The chanty made no redundancy
payments
dunng
the reporting
penod.
Yes* No* N/a*
Deferred income No material
item ofdeferred
income has been included
in the accounts
Creditors The charity has creditors which are measured
at settlement
amounts
less any trade
discounts		 Yes* No* N/a*
A liability is measured
on recognition at its historical cost and then subsequently		 Yes* No* N/a*
Provisions for liabifitles measured
at the best estimate
ofthe amount
required
to setfie the obligation at the
reportmg
date
Basic financial
Instruments		 The charity accounts for basic financial
instruments
on initial recognition
as per
paragraph
10.7FRS102SORP. Subsequent
measurement
isas per paragraphs
1117
to 11.19,FRS102SORP.		 Yes* No* Nla*
2.4ASSETS
Tangible fixed assets for These are capitalised
ifthey can be used for more than one year, and cost at least
use by charity Yes* No' N/a*
They are valued at cost.
The depreciation
rates and methods
used are disclosed
in note 14.
Intangible
fixed assets		 The chanty has mtangible
fixed assets, that is, non-monetary
assets that do not have
physical
substance
but are identifiable
and are controlled
by the charity through
custody		 Yes* No* N/s*
or legal nghts
The amortisation
rates and methods
used are disclosed
m note 15.
They are valued atcost Yes* No* N/a*
Heritage assets The charity has hentage assets, that is, non-monetary
assets with historic, artistic,
scientific, technological,
geophysical
or environmental
qualities
that are held
and
maintamed
prinapagy
for their contribution
to knowledge
and culture.
The depreciation
rates and methods
used as disclosed
in nota 16.		 Yes
No
N/a*
lZZI
Yes* No* N/a*
They are valued at cost.
Fixed asset investments
In quoted shares, traded bonds and simfiar investments
ere
Investments valued at initially at cost snd subsequently
st fair value (their market value) at the year		 Yes* No' N/a'

Note 24
Cash at bank and		 in hand
This year Last year
Short term cash investments (less than 3months maturity date)
Short term deposits
Cash at bank and on hand 19,833 18,887
Other
Total

Amounts paid or benefit value
Legal authority (eg Remuneration Pension Redundancy Other TOTAL
Name oftrustee order, governing contribution (including
document) loss of
office)/ex
retie

Amounts paid or benefit value
Name oftrustee Legal authority
(eg
order, governing		 Remuneration Pension
contribution		 Redundancy
(including
loss of		 Other TOTAL
document) office)lex
gratia
Please give details ofwhy remuneration orother
employment
benefits were paid.
Where an ex gratia payment has been made toa trustee,
provide an explanation
ofthe nature		 ofthe payment.
Ifa third party has been reimbursed forproviding
one		 or
mom trustees, state the nature ofthe payment
and
amount ofthe mimbursement.
State the number oftrustees to whom retirement
benefits
are accruing under a defined contribution
pension
scheme.

No trustee expenses have been incurred (True or False) TRUE
Type ofexpenses reimbursed This year Last year
Travel
Subsistence
Accommodation
Other (please specify):
TOTAL

here have been no related party tran sactions
in the reporting		 period (True or False) TRUE
Amounts
Name
or		 ofthe trustee
related party		 Relationship
to charity		 Description ofthe
transaction(s)		 Amount Balance at
period end		 Provision for bad
at period end		 debts written off
during
reporting
cried