C'h1( rity reoislric livii iiiinibej.: 11421U.S
NEW Lo￿,DoN EDTJC.ATIONAL TRUST
ANNUAL REPORT AND FINANCIAL qTAI'LI MENTS
FOR TIIEI YE4 AR ENDEI D 31 DECEMBEI R 2022

lii.siile tlii.g Repopl
C-'oJiteiit
P<lge5
Refci'ence aiid dii)illislrative deloil
Tiiistees, i'cport
Ittdcpc]￿C1]I aiiditol S IEPOI't
St£ltCliiei)i of f￿ancIal activitE¢s
10
Balaiicc slieel
Siatemci)t of C1£ sb Ilows
12
Not¢$ to tl)¢ fiiiaiicial stateE))ellts
13-23

Neiv Londiiii E(liiclltioiiql Triist
Le2111 Iinrfl Ailiiiiiii.51riitii'e Jiil'vi'nixtion
Refei'ence an(I:iilininiyti'Atii'c infoi'niAIioi)
Cbai'ity Nuniber
1142105
Comi)any Niiml)er
11692296C)
Registei'e(l Offile
Sceplre Hoiise 75-81
Stailles Road
Hoiillslow, Loijdoii
Ejjfrlaud
TW3 3HW
Ti'iist¢e%
The Iiiislees Ji)d dii'tclors sei'ving diiriiig the y¢4ll- kuid siiice tlie yeic r ¢i)d iv¢re as follows..
EinJntti)iiel Mellsc?l) Arotey
Vellkoteshoni Ncela
Siijaw Rcddy B<lddam
Aiiilitoi's
Accoiii)IilX (UK) LiJnit¢d
22-25 Portlllclll Close
M1¢ rylebone
Lulldon
Eiiglcincl
WIH CIBS
Icey MaiiiigcinL'iit Pei-suuiiel
Iai) Whitehead {Dircctoi' of Opeialioiis)
Dr An1[￿ Rllnas2iiglie (Direcior of Ediicalioii}
Page I

Neiv EIliiLatiiiiittl Tyiist
TJ'u.5tces' Reiioi't (Inilu(ling Dii'ectoys R¢poi't} {Loiitiiiueil)
Foi. tIIL Yeai. Ei n(le(131 DeLembL'I' 21122
Tl)c tnistees piesejit Ilicir <limiial i'cpoi't aJ]d fiiic1ncial slateiTieiils foi. Il)e yCc11' eiid¢il 31 Deceinbcr 2022.
The fiDatlClcl1 slolaiicnts hcive beeii pi'epai'cd ill c1ccoirfaiice ivith the ciCCOlllItiii
policies set oiit ill iiote I to die fiiiai)01<i1
stIL ieiiieiits 4111d coiiiply with cliarity's ¥ov¢riiiiig dociurent, Ihc Coiiipaiiies Act 2006 alld 'Aceoiwting .ii)d RepoL'tin¥ by
Cliir rili￿.. Stateiii¢iil of Recoiiiiiieiided PJ'Elclice applicnble lo cliarili¢s prepariiig theii. accoiinls iii accoi'daiiee with tlic
FiD¢lllcial Reporting Staiidard appltcJbl¢ in Ibe UK aiid R¢public of I1'cli￿d {FRS 1021" (cffective l Ji1niiary 201I)).
Pi'iiiciiTr'il Actii'ities
NLET'S priiieip41 %iclivilies <ll'e lo ndvi¢ l)ce tl)e eduellioi) of tlie piiblic iii the Ulliled Kingdoiii alld elscwl)cre Ill parti¢iil11l',
it llot excliisiv¢ly, by Ilie pi'ovigion of eiliiccTrliollc1I pi'ogiMi?Is, 5ki118 tTaillillg ai)d woi-ksl)OPS, 1c dvice iiiforii)alion o
ediic¢ilioiial. cEkiplo￿bljIty 1( lid cayeei's opporttinilE¢s aiid by developii?g. eiicoiiraging alid siipportiiig le￿Iling pllrtllcrsliips
beNveell ecliieatiOlJ41101'giiiiizali011s, biisillesscg aiid Ili¢ volui)1<11y sector.
OlJjeLtives.In(I IlLtivitie5
Ovi. 01)jeLtiY¢:
l. To ndiTa])c¢ ilic ediicalion of ibe piiblic in the Uiiited KiLigdoi]2 aiid cls¢i4,hcr£ in lJc11tieiiltu' bul Eiol excliisively by
the proiqs1011 of foiilldatioj) programs ftnd ivotkshops, advi¢c 1¢ lid illf011)11l1ioii on eLliiLiitlUlll4 l opporliiiiitl¢S i1Vlc ilable
in the UEiilcd KiiigdL)iii ai)d by developillg. ciicoiiraging ftnd suppoi1iiig IcariiiJ]g parliiei'sliips beli¥eeii ¢(IIiclE IiLiii£11
organizLilioiis, biisiiicsses E1nd ihc voliit)1lL ry sector.
To c1dvai)ce ediiealioii and ti'aii)illg, by Ilie provision tsiid conduct of ali independeiit school or scliools and, insofDr
as El is ii)cideiilc11 or aDcillc1ry to the adv#iiccmci)l trf educalioll of el)ildrcll in Ihe Ullil¢d Kingdoiii ond elsewhere,
to Cilrry oiil siicb aclivities, ii)¢liiding the provisioii oFclPPI'opriate fttcilities for ediiccltion.
3. To fiii'tlier siich otlieE' charil%ilile piwposes Foi. the piiblic bellcfil as aye excliisiv¢l)I ch2( I'it1ble accoi.diii8 to th¢ Iiivs
of Eii¥li4 lid aiid W1£ les tiic IiLislees mas, froiii lii))e to liin¢ detei'iniiie.
OUA. ￿li￿10￿ Stllteme￿t:
To be a progi'essivc ¢1141'ity ii,Iici'e evei"yoiie lias the oppoi'ttyJEty to ¥i'oiv, llcliieiic aiid iinproiie tlietr liFe ¢111¢ lices Illl'oiigh
educiTrtioJi, Ii'i¢ iiiing <lLid cniployn)cllt related ￿1pPort.
OiIi' Viiliie.s:
Tlie valiies that we aspire tLI lI￿oi1¥h oiir ivoi'k. incltide..
Care <21111 coinpussEoJJ¢lre supi)ort foi. all individiittls.
D¢liv¢r qLialiry sci'vi¢¢s to all individiials ivho pai'iicip1L te ill services at NLET.
Listcll Git)d r£spoiTrd empailietically lo oiir learn￿'s.
Respect for all.. Iraliiing L,1cli persoi), Ilieii. experience, opiiiioiis ￿nd ¢lioices.
Our PYinLiple$'.
Tlic pi'inciples ivc iipliold i]Tr our ivoi'k iiicliide..
lii¢lEisiiyelless
Ivelcoining people from oll backgroiiiids, Ire1c ling tlieiii fil irly, recognising and valuillg tl)eir
distiJicliveJJess as ii)dividiials.
Einpoivermeiit. eieLiliiig Illl ciivii'onnirnl IIIiE t ei)ables people lo ILike coiilrol of ilieii. learning. 8ki]Is and eiknploJqiienE
go£ils, by lisleDiiig lo theiii and offerii)g cl)oice ivli¢i'¢vei' possible.
Eqiiality in Ilie delivei'y of edii£alioD Ilnil trainino to oiir Iecll'iie￿ 4illd slli ff; recogiii5ing nil valiiing tbe diversity
of the conu]iiiiiilies ive serve.
Page 2

Neil, LDndoii EdiiiJTrtioiial Tyiist
Ti'uylees. Rei)oi't OncIniliii￿ Directors, Rci)ui'l) (coiitrinued)
Fui. Illl I'cdl. Ei nile(131 DeLeml)ei' 2(122
Piil)liL Bi'nefil..
We Iiave i'efci'rcd to the guiid*iric¢ 111 tli¢ Cl)¢l]'ity Coiillknission g¢n¢ri¢ I gEiid¢illCC on piiblic beiiefil M,hcii Ycvieiviiig 0111. all￿S
aiid objecliv¢s and in p11( lltiillg our fiiliire £lCtivities. hi PiL iliciilar, Ilie 1i1151ees coiisidci- Iiow plaiincd u¢livili¢s ivill coJ)tribiile
to tl)¢ aiins aiid obj¢ctlV¢5 Ibal tliey hai't set. Tli¢ Inaill activity of tht cliai-itable coinpany is il)e opci'ic tiou of tlie tl'LisI's
edii¢¢llioiial, liainiiig ¢?iid ciiiployin¢ni r¢lat¢d suppoi'l s¢¥vi¢¢s. Th¢ pii]yosc is io provide i'icb and releiTant sju'llsleducalional
deiiclopnient foi. P1E rlicipaiils 111 Olir coiniiiiuiilies IhEI1 cnic blcs theiii to be successfiil in IheiL next stage of leiiriiillg or
ploweiil. The trii5tees Ii£iiie Pls id diie reg7￿ I'd to 8uid11 1)¢e igsiied by tb¢ Chgl-ity Coi)IEllission iii d¢cidillii iirlmt 11clivilics
tlie chai'ity shoitl(l uiidertake.
Acliievenieiit.8 iinil pei'foi'm#iice
Diirtllg the PEI'iod NLET suppoi'l¢d the ediic&ltional aiid thi)ployabittty iiE¢d5 of ovei. 500 pariicipanls. PartÉcipanls who iv¢i'¢
eEi¥agrd in fol"J￿171 qili< lifiGatiolls oli oiii" ESEA ALL pJ'ogru111 Threi'e able lo tlljoy <ill cxc¢llciit ac111￿Te]]jc1jL Lli 1¢ of 87.70/0.
vhicli (clt the lime of Nvritiiigl is higher tliall Ihe nalioi)ul ttiTerage of 86.2 /￿.
Thc DWP Job Eiitry Ti11'gclcd Siipport (JETS) proBI'oni contiiiiied lo pei'foriii cxceplic>iJally well ivitli 41 job ciilry I'll te of
ver 60 /ts foi. IiartlClP4lllts ivho eiigase iii Ihc sci'vi¢¢. Pai'licip2i li15 al'e four limes inore lilcely to entei. illto etllploymejkt aftei.
i'eceivllig siippoit t￿.0t1￿￿ tlie progi'ain. Tlie JETS (Job Eiili'y T1( rgctcd Siippoi'tj pi'ogu'<llll SLIPPOLts Wesl Londoii re5idellls
thai have becoiiie iineniployed diie lo econotllic do1viitt￿J] triggered by tlie Coiiid-19 P<illdeiiiic.
Th¢ ESF London L¢amillg Project SllPPQFls the ill-work deiFelopttiertt of etttploy¢es ivorking ill H¢olih & Sorial Cor¢, Rclail
aiid Hospitality seclors. Altcr Ille I'epcrciissi(Iiis Dfilie Covid paiidcinic ihcse sccioi's ai'c Iioiv feclii)g neiv pressiires caused
by Ilie eLOllOiiiiC chi£ Ileiiges in the UK. We h&1ve seci) an inciillse iii reEeri'lK Is allcl tlie fiist qiiartei in 2023 Iv mole than 50
eniploye¢5 froin Io¢ci1 businesses siipporled by Ihc ptojecl.
Iii the pei'iod. NLET has b¢cll dol2v¢riiig a Eiwop¢lL tt Soci¥?1 Fiilld pi'oj¢cl oil bchoif of Ilic Gi"¢al¢r London Auilioiily. The
pi'oject is Cl£ Ilcd Uic NLET ESF Hcaltli &. Social Cive A¢ad¢my ¢111d pi'ovid¢s csseiiLi411 eiiiplo}f4lbilily dvicc &iiid gLiidiiiice
,iiid CPD api)roiTed tt'&iiiii)g to Iiiieinployed aiid wonoiiiically iillE Ctiiwc pcople. Ivlio want to ivoi'k iii tlie Healili aiid Soci1c I
Cic Le sector. Targetiiig Iliose ivlio lire fiirtliest froiii Ilie lllboiir tlli?rk'et. tlie pi'ojecl hils I￿ell I'eiy Sliccessfiil ￿11th ovel 850/
of pai'tlCiPEints acliicvillg tbcir Icai'lliiig Boals and 3111/1 ￿ progrcssiiig iiito siistl¢ Iiiablc cn]ployJJ)cJJl.
Ell Septeinbei. ?022 NLET sisccessfiilly relaiiied M<ilrÉx St41iidi< i.d acciEdilatjOlR c1ftei' fiill iiispeclioii. Tlie Matrix Si<illdai'd
Is oiviied by Il?e Depai'hnellt for Edii¢ation (D￿) iiiid ctisiir£s Ihc dcliiJcTy of high-qiiality infoi'iii¥ltioll, advice ￿la giudance
(IAGI services that eiil£ ble people lo relL cli Ilieii. fLIII i)oleiilial. Thc stai1d￿( d is deliiiered by the Groiv(h Compally and is
1ppIiciible iii £111 JAG scltiiigs incliidii)g, eclueclliou. skills, ciiiployal)ility, Clll'CCTS. healtli Iidvice. Inoiicy advice, ¢111(I Inoi'e.
Providers ivlio aiiaiii Mnlri.x Aeerediiic liollhaije ic fiill iiispectioii evely 3y's ivirh ai)Illl<il coiitinLic>iis lin￿'0VeMellt rcviciv.
Financial I'¢￿¢￿V
Diii'ii)o tlie fjllciiicial yeiw. ending 3151 Dccciiibcr 2029 the charily li¢id lui'iiovcr of £2,114,1143 (2021.. £1,876,9.f 5) and
gcii¢i'a¢¢d a n¢t siwplLiS of £1 8,$33 {9021'. Nel dcficil of£280,141) loi. IhL fjn&illcil< l ye1£ r IL) 2022.
Fiii)ds haiT¢ b¢cJi provided froin across lill oiii. pi'ojects IG nd will conlilliie ivell iiilo 20?3. the most pftrt illcoiiiing funds
are restricled lo collt¥ibule toivttrds the associaitd eosts ot riillniiig ol￿1 pI'ojecls. Reasonable a¢¢oiillthllCy Csiiinales l)av¢
beeij iised to CÉilciilfile the direct and indirect costs whicb h<lve been illCLirred.
NLET does llol bave aiiy boi'roivlligs, and i'obusl financial. hiiiiioll I'esoliire 7£ lld operatSOllc21 systeiiis iilld piDcesses contikiiie
lo be iiiiplemenl¢d in ord¢r to 8￿?fe￿ilard cli￿.￿tY fiiiances and biisiness. Tiiese syslenis have ensiired trallspar¢ncy,
rol￿tl￿billty, lllld siistain1L bility of tlie chcTrrity.
It is tbe policy of lh¢ ¢h4rily that utsr¢51rictecl fi￿d5 ivbich hav¢ IIDI bE¢ii d¢signnl¢d for a specific putpos¢, shoiild bc
113%liJilaincd ¢71 tt level eqiiivnlei)t lo belwcen Il)I'ec and six Inollih's cxpcnililiirc. The tnisiees coi)sidei' (hat regerves .It this
level will eiisiii'e Il)fjt ij) lh¢ evciit ofi SEimifi¢aiil drop in fiinding, iliey ivill b¢ abl¢ lo cot)liIiii¢ tlie ¢haTily's &¢tlWlies ivhile
COllsid¢ralion is given to ways iii wl)icli c2dclition1c I fiinds niay be I'c1Lsed. This level of i'eserves has been Jnaiiitailled
t[￿￿11g￿lOut Ili¢ year.

Neil, Lun(lon Ei (IIiLatioiiAI Ti'ii%t
Ti'ustees, Rei)oi't (Incluiliniv Dii'ectoii, Reiiort) (¢oiitiiiiiL(I)
Foi. tlIL Yeai. Eiiileil 31 DecimbLI' 21122
Planb fvi. futiii'e
Durtiig 2022, tl)e ii)Ipluiieiiialioii of a di2ltal strategy ¢uablcd tr£inspareiicy, ccoiiiilability 1( nd effieieiicy tl)roiighoiit
op¢rational aiid pi"ogry'1I In delivery.
Thc ts"uslc¢5111¢ ve continiied to provide stt'Lltegic guidaiiee 10 operillÈotll¢151aff to slrciigihcii tbe systems alld i)ro¢¢ss¢s ai
pi'ojcct aiid Or￿￿]niS1t10na1 leiJ¢l, enliancing oiii- s¢niic¢s aiid i)rovision. The trtislccs i'elljllin fociis¢d contilllliil
iijJi)roiTeElleiil to siipporl thc corc purpose of Ilie NLET inissioii stalciiiei)t. Tliis fttlls iiito 6 kcy priority al'e1£ S..
Qiialiti, of PR'lPI'TrSi()iI- Eu&iTe tlie desigll aiid developiiient of provision iiic¢ts tlie needs of <111 partiCiP<111ts.
2. BLlk¢l5'iDiir llii(l Attitiiile.s - Et)surc inÉcs of&ttendattce of all parli¢ipJii15, ¢specially tljose most disodvantaged, are
typically aboiT¢ 9
3. Peisonal Developmeiit - P¥ovtsion of welfare and sttidckil scryicc siippori to llnproiie the p¢rsollal d¢v¢lopillent
2iid ivellbeiiig ol-pai'iicipaiiis CLOSS NLET.
4. Le￿Ile1.511111 & Manilgemellt - P¥ovide efftetive pi'ofessioDIl1 d¢v¢lopiiient foi. Lill leic ders tkn'oudi sliai'lug best
pr47clice <ind iitilEsiii¥ ¢ap1i cily Froin ivhcrc l¢ii<lei'sliip is sh'olly, pl￿ Iticiilai'ly al njiddle leiL deiship l¢vel.
5. Gi'oii'tli Strotegy - Fiirilicr slitiigilieii NLET'S lot)g-leii)I SEisli1iiiability Ihmii¥li gioivth over tlic ncxl year cind
bcyond.
6. Organi.$8tioniil DeTr>eloiiment - E£f¢cliiic Iiioiiitorill¥ of t￿e sysleins, sts'iieiures a])d processes to Cll51wc higlily
cff¢cliiTC Pl'oiiisioji at lill Icvcls widiill NLE-r.
Oiir cbillleiigies over tlie next five yeors..
Cl)<Triiges ill goveiumeiit legisl¢1tion aiid ecoiioiiiic policies.
Compliallce clt audil inspcc(ioiis ihal refjecl Ilie QiLllc lity OF d¢liv¢ry, lead¢rship aiid operatioiis. ImpiL cl ofcoYid-19
on the educi1tioii secloi- aiid Ion(T_lerin clic111gts ill Ibe deliv¢i'y iiiod¢l.
Ecoiiomic Iiiid Goveriiniellt illJP<lCts on Eiillding oppoi'liiiiÉ(ics.
Siotfjng wilh lh¢ l¢v¢l of skills, ¢xp¢ri¢rtc¢ and lui0￿,[edge to ￿lsure ii¢e meel and ¢K¢¢¢d tb¢ rcqiiirc(I slandai'ds
lid ￿rfo1.1￿￿i)Ce iiidicatoi's.
Sti'atekFY an(I dirLctioii
NLET bas coiitiniied to develop. shape aiid posilioii ilsclFto respond io fiuidsJ]g aiid conli'acting opportuniti¢s 9¢ s Ih¢y arise.
OLir pli111S foi. Uic futuje il I'c ainbitlolls 1£ lid wide-lilllging i111d will lead lo ¢onsid¢rable iinpi'ovenieiils iii Ilic w￿Y we fiTrllctiOll,
coii)niiii)icalc. Icc1rii and gi'oiv. We ileed lo coIiliiiue to i1￿0%1￿1e, to bc I]ckible to be i'ecidy to seiie iicw oppoi'ttl￿lJfIcS
ciid lo ivoi'k togetlier ￿4th the conllnoii objective of pi'ovidiiig letjiiiei's ivith the bcsl possible ed(Icational 1( nd lif
experiellces.
In 2023 NLET ivill be exploLillO links ivi(h Higher Edii¢alional InslilLltioiis and iimproving th¢ fAciliti¢s al its Loiido
TrIIIPUs. The NLET EKaiii Cclltr¢ is als0 ckplorii)g addilioiial liiiks ivtrh Aivllrdiiig Bodics ¥llld woi'LI'ng to ¢xp&iid its
serniices with eiainiiialion.
StTr-uctiirei governance aii(I Iliall￿gLI]Ic1Tht
Neiv Loiidon Ediiealionthl T17tst IS 47 clwi"itabl¢ company liiiiited by giiar1& 11(ee, incoi'poi<lted 01103rd Jiille 2009 (Iiid registcird
as ll cliai'ily 011 231'd fvIay 2011. Tl)e compiL Ily Ivas tstabliglied iilld¢i' a Nl¢iiior1c ndui)) of Association, Ivliich ¢slablislicd Ilie
obj¢cls olld poTh'ei"s of Lb¢ rhnrilubl¢ cojnpajiy 1¢ lld is govei'iied iilldei. its ￿.t￿cleS ol Association.

Nciw Liiiiiloii Ei dile￿tiO￿l¥l Ti'ii.st
Tru.stees' Rei)ni't (Inelu(ling l)ireclors' Rei)oi't) (LOI)tiiiued)
Fi)I' tlie Y¢AI' Ei udLd 31 Dcicnhber 2n22
Tlic tnisl¢cs. Ivlio re also the diirctors for tlie piirposc orc0￿partY law, aiid ivho served diii'iiig ilie yeir %iiid LIP to the
dare ofsigiiatUFe of Ihc fiJiaiici1I s11{ leinenls Mi¢i-e'.
Mr EM Afolty
Mi" V N¢¢la
Is S Bi¢ ddoJ]]
Quftlifyiiie tliir(I party iii(leninity i)i'OVlSi0115
lenil)¢Ys' Liabilitv-.
Every In¢tiibei' of tbe charilI1ble coinpany Ltndcitalccs lo coDtribiite to ihe issets of tlie coinpaiiy in Ib¢ evcnl of it being
woiilld lip ivliilc belshe is u membcr, or wiiliin OT*e l)eriod <iEt¢r h¢/sh¢ ¢cases to be a membcr, sucli aD]oiiiil Jlll& y be
reqiiired, iiol exceeding £1 O, for tho debis aDd IiLlbililies conlracted bcfoi'e l)elshe ceiises lo be a Mi¢Tr)Iber.
Ti'ustee%' Iii(lemiiitie5'.
NLET has piii'chnsecl iD.Eiiraiice to covci. liiisEees ind offIc¢rs from clai]lls arisii)g fi'ony llegligciit Cts, erlors oi. oniissioiis
occiin'ing iiihilsi oli biisiness. D¢lails of the costs cwi be found itt Ihc IE CCOlllIts.
Truslec Boiird..
The diirctOTS of th¢ COJiiPiL Ily £ll'e,Ilso ¢hui'ily 11115tees foi. the purposes of charity Iclw l)d Lin(ler Ihe coitspaiiy'5 kn.ticles ￿l'e
knoivll ¢iS iiieiiibci's of tlie cot)iP1c iiy. All tiiigtee appoÉntsiieiils lire illterviEived, assessed aiid llpproved by tli¢ Boc?i'd of
Trusiecs. Applic%l1ions for trnslees &r¢ en¢oiir&ged fi'oni L111 sections of the coniiiiiinity that reflecl the diversity ntid r￿l￿ge
of coiiiinullity aiid busiiicss grollps NLET ivoi'ks witli.
OR'¥Miiisatii)nkil Sti'uLtITrL:
Alilioiigh the Board of Tiiistees is ic kcy player ivithiii Ihc goveriia1i￿ and strlllegy, aiid ivill Ilierefore i)111ke key dccisions
I'egardiijg ihc diieciion ofih¢ chwity, Ilie iiiiplementc1rion ofthc stl'iTrtcgy is dcleBaled to th¢ appi'oprill te exeeiiiiiie gl4lff wlio
1r¢ boiiiid by Ihe policies aiid ijrocedui'es i]J<lt ar¢ icpproii¢d by Ibe Board kuiiiually.
The trustccs ui)d the Selliot Lead Teain ISLT) are resi)onsibl¢ foT policy aDd proccdLir¢s, the opcraliiig biidgel, ll¢w projects
and niaking d¢¢isions ciboiit majoi. capilal exi)endittir¢ iwid appoiiitmellls.
The SLT (ire I.espoi￿lbI¢ for the aiithorizll tioti of spenclittg Ihc agreed opercltiiig biidoet atid tlic appoiiiliiiellt 0£ ¢ill siaff,
cxccpl slaiT appciiiitinelll to tlie Senioi. Leodei'ship TcaDI. Thc cippoijilin¢nl of J'ol¢s lo tbe lairei. iiiiisl incliide ts'uslee's
The tnistees bave oiJci'ci11 respollsibility for ci)siiiiiig Ihclt the cbarity has in place 1( Iiiiiiiber of syslciiis ciiid collrrols thai
safcgii&lL'd Ihe work nd assets of tlic oharily. Tljey are I'espot)sible for ensiii.ing that..
Tknc cli*?rily is oper411ing effieiclltly and effeeiiiiely,
It's ssets 1¢ re Scifcgiini'ded <lU#ÉllSt iillaiithoi-is¢d iise oi. disposilioii.
Ti'iislees nd sottior exeriilETr'c Icaiii arc aCCOLlI)lable.
Pi'op¢i r¢coid5 are niainli?i]Jed.
Fin10 t)cial infornii?lioii is &cce55ible, i-¢liablc and ¢1ccurnle.
Tlie clicl1.ily coinplies wiib r¢1Cv￿￿t laMIs Ilnd i'egiilatioiis.
Th¢y iclentify and I'evieiv Ilic I'isks to whieli Ilie cliai'ity is exposeil alld to ei)siii'e appropi'iLilc coiitrols arr in place
lo providc Leasoiiilble c1SSIU'li lice against fi'aiicl *i)d ¢J'i'oi'.
Page 5

Neil, Lilnilon E<liiLèitionAI Triist
TJ'usteLY' Rei)oi'l (liiLluiling Direetor$' Rei)oi-tl {LtsiffttinuLd)
Foi. tlie YeRI' li n(le1131 DLLenibeft' 2(122
Tlic Excciitive Teaiii/SLT is respoiisible aJJd ¢iccoiintl1 blc foi. Il)¢ day-to-d£ly Ct>inpliancc <ind ii]JplciiicEitc11ion of tlie 14 iKIve.
The process £ll)d systenis iised iviiliiii tlie cli.ii.ily foi. iJitei'il1£ I coiiti'ols 111'e desittiied to pi'ovide Legiilai-, reasoi)able L￿d tiiiiely,
bill iiol absolLlte assiii'aiice agtaiiisl iiiisst¢ltciiielll or loss. The.y cali incliide..
A sliilegic plall.
Fiiiancial <lll(l inallageinenl reports.
N¢wslcllei' Nvitb iipdlltes oil th¢ ivoi'lk of NLET and any iiew 4rea5 of woi'k.
Non-fJnan¢ial pcrforinalice ii)Ilicatoi"s. qiialily <issuraJJce. &chieYemettl aiid oiireolli¢$.
Delegolioii of aiitbority and segregation of diities.
Regiilar aiid ¢Ollsisl•il ideiit&ficalioi) Jlld J]hinageinent of risks.
Cummiinitv Biigine%s:
NLET pi-01¢ Ctively niai'kctg itself by establishiEi¥ coi)stiiictive Ill￿$ ivitli Io¢LI1 aiid I'egioiial ￿'alipS and cliai'ities. We liai'e
eSt￿blis11td partncrsliip sviili th¢ rcgi0112c I Cliaii)bri oFCoiiiiiiere¢ IW¢si Lolldon Chwllbcr of CO￿￿]e1Cc), i¥hi¢l? Fllctlilalcs
joitil Ivork on belialf oFEvcsl Loiidoii biisin¢s5es and iES1(Icnls. addition, we ivork iviili do£eiis tkf ¢iiiployers in Ilie i"¢gioii
pi'ovidiiig in-woi"k suppoi'l to tlicir eii)ployees. These collttboratii'c PcirltteI5hips <iiid relalioi)slll'ps iiic ceiitric I lo Il)e ivork or
NLET. We pride oiirs¢lvcs iii ivoi'king across all coiniiiiiiiity ￿￿Up5 iti Ilic l'egion ivliicl) suppoi'ls oiii. cb*l1'ily objectivcs.
Stiikehol(le)' RellltioTi$hii)s:
As an educoliollal ¢hl¢ I'ity piovidiiig a bi.ocld i'aiige of s¢rvi¢es, NLET lias JLWJY stakeboldei's. Thcsc incliide,.
LeLinierslPirtieipaiit5.
Staly Mei)]bers.
Busillesses and Einploy¢J5.
Loc<l1 Aiithoritics.
Loc1¢ I Comilliinity Gi"oups.
Conll))issioncis ittcliidEsTrg GoveiYmen¢ oflices.
Otb¢r FE aiid Training Pi'ovid¢i3.
Professioiial Bodics.
Trailliiig lJiJTrovators LAniit¢(l (I'ogisl¢ied office.. Sccpli'e House, 75-8 I S111 ines Ro<id, Hoiillsloiv, Lonclon TIV3 3HW) is
doiinant OolllPc111y piii'¢h<is¢d bjr Ilic Triist 011 31 Jiily 2018. lis sbill¢S al'r beld by New Londoll Ediicciljonal Tiiist (NLET).
Poge 6

r+lew Lon(loii ducalioiiiil Trusf
Ti'ustees, Rcpui't (ljicliiding Diyeetoi's, Repoi't) (eontinued)
rioi. tlie Ye&i' Iided 31 Deeenibei. 2022
Statement of triistees i-esponsibilities
Tli¢ Ii'iislees (who al'e also Ilii'eotoi's of New Loiidon Educational 1'rLlSt foi, Ilie piii'poses of coinpaiiy law, are I'espoiisible
for prepariiig tlie Trustees, Aniiual Repoi'l aiid tlie fiiiaiiLial statements iii accordance willi applicable law aiid Uiiited
Icingdoni Aecoiinting Slaiidai'ds (United Kii)gdoin Generally Accepted ALcoiiiiting Pi'actice).
Compaiiy law requii'es tlic ti'ustees lo prcpare fsnancial Statel￿entS foi. eacli financial yeai.. Under conipany law tho Ii'ustees
niust not llppi'ov¢ tli¢ fiiiancial stateii)ents Iitiless tlicy are satisficd Iliat they give a true and fail. view of the stale of affaii's
of the chai'itable coiiipaiiy ai)d of IhB incoining I'esoiirces and appliLalion of iesoiii'ces, incliiding the ineoine and
expElldilui'e, of the cliai'itable coiiipany foi. Iliat pei'ii)d. Iii prepdring these financial stateinenls, tILC ti'iistees arc I'eqLiired to:
select siiitabl¢ accoiinting pcklicics and Ilien apply thein LQllSiStently;
obsei've tlie iiietliods and pi'inciples in the Cliaritics SORP 2019 (fRS 102);
Inake jiidEeinents ai)d esliinal¢s that are I'easoiiable Étnd pi'udent:
Sfatc wlietliei. appli¢able UIC Accoiintiiig Staiiilards liave been follow¥d, SLibject lo any Inatei'ial deparlurcs disclosed
lind explaiiied in Il)e financial slateiiieiits,. aiiil
PIEpai'e Il)B fiiiaiicial Statel￿entS OII tlie goiiig concern basis iii)less it is i11appix)pi'ia(e to presiiine that tlie cliaritable
company will ¢oi)tiiiiie in operation.
Tlie trustees al'e responsible for k¢epiiig adeqiiate accoLinliiig I'ecords tli&t disclo%c with reasonable ac¢LlI'acy at any time tlie
rinmneial position of tlie cl)èJi'ilablc coiiipany and ei)able tl)cin to ensiiye Ilial the fina11cial stateineiits coinply witli tlie
Coinpanies Act 2006. They al'e also I'espoiisible foT bafegiiai'diiig tl)e &8s¢ts ofthe chai'ilablc coinpany and hence foi. takiiig
Irasonable steps for Ilie pi'evention and detection of fraud and othei. iI'lEgiilai'ities.
Iii so fai- £)S the triistees are aware..
Ihei'e is no iylevant aiidit it)foiinatioii of whicli tlic cliai'itable eoinpany's aLiditoi' is iinaware. and
the Irii8tees liave laken all steps that tliey oliglil lu havL lakeii to inake theinselves awai'e c>f any relevant audil
information ynd to e51ablisli Ilial lh¢ aiidiloi. Is dwai'e of Iliat inforinalion.
Appi'oved by tlie Boai'd of Ti'uslees and signed oli ils behalf by..
Mr EM Afotey
Ti'LlStee
Date: 3 Kh-
24)I
Page 7

Neiv Liiiiduji E(IIiLÉltioniil Ti'iist
Inilei)Liidtiit Aii(litor's Rei)oi't
Foi. TIIL YLal' nded 31 DLCLml)ei' 2022
liiilepeiiilLlIt Au(litoi-'s Rei)nrt to the Ti-11stees of Neiv LoAiloll EcluLatiottal Ti'ust
Oiiiiiii)n
Mle IiLlVC aiidiled ihe financiiil slaleinents of New Lolldoii Ediicalioll1c l Ti'iist (Ihe cbarity,) for the year ¢iided 31 DeceJnb¢r
2022 IR,liieli compiisc ilie 8lalement of finiL ncial actillLlies, the billance slieet, the stnlemelll of Cl£ sh flows cilld the notes to
th¢ fillan¢i(Il slat¢tii¢nls, iii¢liidiii8 siiininary of si8nificaiill iCCOllllting policies. Thc fiiJÉl1lCl£111'¢po￿1in8 fi'ii iiiework iliat
h?£ s bceii applied iii thciT pr¢paiali02] is applic4)ble law and Ui)tted Kiijgcloiii AceoTrinting St.Indui'ds, iiieliidii)g Fin1￿ Iicial
Reportiiig Standard 1112. lh¢ Fiiian¢ifil R¢porlino S114 n(l<?rd L1ppbcabl¢ ill the UK (￿d Repiiblic of tre1￿¥ d (United King(loiJi
Genei'ally Acccpted Accoiiiiling Pi'acticc).
In olli. opinion the filli2ncial statctticols..
gEvc a liwc aiid t&ii' vitllT of the stale of Ilie cli1£ l-itc1ble Coiiipaiiy s i< Ffaii's <iS al 31 DccciiibcT 2022 1£ nd of ils iilcollllllg
i"esources <11)d applic1( tioii of resoiirces, foi. tlie year thell ellded,.
liave been propei'ly pi'epai'ed in 11 CCOI'(lanc¢ ivitb Uiiit¢d Kiiigdojll Gcllually Acc¢pt¢d Accoiwttt)g Pri2ctic¢- ￿VId
11&lve beeii pirpai'ed iii nccordai)c¢ with tli¢ iequirein¢nls of the Coinpaiiic5 Act ?006.
Biisis for Dpiiiioii
W¢ condiicteil oiir )iidit in accoi'dliiice with thteri)atiouol Sialldards oi) Aiiditing (UK) (ISAS (UK)) and applicable law. ￿]r
responsibiltties utkder those stai)dards ale fiirilici" dcs¢rib¢d sn ilic aiidilor T¢swiisEbilili¢s for Ib¢ aiidit of th¢ fiiiallcial
Slal¢iii¥llls secliuEL of Oill. I'¢POft. We al'e iiidepctideJi( of Il)c chai'ity in accoi-<li& DCC Ivlth Ili¢ cihicill rcqiiireill¢nts Ibat ¢1l-C.
rclevaiil Io 0111" ¢liidil of Ilie fillanCi.Il st2tements in ilje UK, incliiding tbe. FRC'S Eitsical StL1lldard, 1( lld we bave fiilfilled oill.
oilicr cthical J'csi?oti%ibilities ii) aceoi'diL nce ujith these reqiiireinellts. We believe III£1t ihe ciiidit evidellce ive have obtained
is siifficiellt Iid appi'opTiate lo provid¢ a basis foi. oiir opillion.
Coneliisions i-elAtinE tn 20111£ c'ovcei'ii
ltt ￿lIdit11)g Ilie fiii<iiicial stateiiients, Ive l)ave concliid¢d Ihnl tl)c Inisl¢¢s' us¢ of th¢ rtoiiig ¢oii¢¢rn sis of a¢¢oiintillg in
the prep<irttlion oftbe finajicial slaleineDtS IS li ppropriale.
Based oil Ilie ivork ive have perforiiied, we Iiave iiol idcntified aiiy nialcrial uiic¢rlgtinli¢s relaliiig lo ¢v¢iiiS or coiidilions
th1£ t, iiidAvid1l1￿ Ily or collcctivcly. iuay C£lSt sigiiifLcant doiibt on Ibe clLlI'ity's ability to colltiiiiie tts a going ooncern for
p¢iÉod olat least hwelve Inoiiths fi'oin wlieii the fuioiici¢il slalell)ents are aiitl)oi'ised loi. issiie.
Oiii. I'esponsibililses and Ilie respoiigibilities of ilic I1￿$te¢S Miiih i'¢spccl to goiiig cojicui) i'c dcscribcd iij Lhc i'clcvil ill
seclioiis of Iliis rcpoi't.
Otl)eÈ' iiifornJatlOll
The otliei. iiifoiniatioii eoinprises the infolincitioti iiiclilded ii) the IrLiStcc's aniiiiEI1 rcpoit, otli¢r thcln tlic finaii¢ii£ I slat¢iiiciit>
nd oiii. iiditol S ECPOI'I Ili¢i'eon. Tbe tiiislees are responsiblc lor ilje otliei. inforiiialion CDlltciined witliiii the a1￿UaL Irpori.
OL￿ opiiiioii on tlic fit)aiici&11 st1¢ leinents do¢s nol cov¢i' lh¢ other inf(ii'ii)alion t111d, ex¢ept lo Ibe exleDt otherivise expliciily
stated in oiii. IEporl, we do iiot express tii)y form of SSlll<iiice coiicliisioii Iliei'eon.
Oiit. i'espoi)5ibilily is lo r¢dd the other iiifDI'iniltlOll &lnd, in doilig so, considei. Ivl)¢thci' tb¢ oth¢Y Enforiiiation is ill1( tcrially
incoiisisteiil iviili th¢ finallciol slol¢iiieiits or oiii. knowled(Te ob111 illed ill tlie coiirse of the aiidit oi. otherwise appears to be
Jllc1tei'ially iuisstalcd. Jfiv¢ id¢ntify siich malei'ial iiiconsislellcies or ciPPi11'enl Iiiatciial misstalcincDIs, wc clrc I'cquired to
determine wlieihci. Iliis ￿V¢S ris¢ lo # ￿ttle].1￿[ missicltemcnl sn Ilie fii)iTrneicil siaLeinLiils Iliciiiseliycs. Ir, bascd on Ihe work
ve hoiie ijei'lormcd, ive coD¢liid¢ tbat there is a mlllti'illl Jiiis%(llteniciil of Il)ig oihcr ii)foiinaiion, we arc rcquiicd io repori
We lic1ve notliing lo report iii this Yegard.
Page 8

Neil, Lihnclnii Ei diicxtiOll¢il Ti'iist
liiilei)eiid¢ll¢ Au(lÈtoi s Rci)oi'l
Foi. TIIL Ye411' Ei nile£l 31 Deceiiil?ei- 2022
MMttei-.4 1)ii ii,hiLII ii'L al'L i-eqiiii-eil tn rei)oi't by exLeiitioii
We1111 ve noilling lo repoi'l iii i'espeel of the foll()wii)8 Llll¢ Il¢iE iii i'cl¢11ioii lo ivliicb tlie Chai'ilies (Accoiiiils and Reports)
Regiilalions 2008 reqiiir¢ us to tepoit lo yoii IF, itt our opillioll..
the iiifoi'miltioii given in tlie f￿anCIn￿ sÉftlciiieiits is iiiconsisteiit ii) aiiy inatei'igil i'espcct wÉili thc triistees. i'epoi'l- oi.
tlic chc?I'ity lias i)ol beeii kcpl adequate I'ecoi'ds-, or
the fiiiwicittl sl#Eei))¢ntS ¢ll'C Ilot in 7¢ ¥r¢ein¢iit ivitli Ili¢ accou])ling records aiid rett￿nS.. or
Ive liave not rcc¢iv¢d all th¢ iLiforinalioii lind ¢xplaniltiolls ive ieqiiire for oiir (iiidit.
RespoTisiliilitie% of ti'ii.%te&s
Ag cxplaiiiccl ill￿.¢ fiilly in lh¢ sl<llCI)ienl ol- 1111Stees' respollsib2lilies oil Pityy¢ 7, 11)¢ I￿￿te¢S rc5P0115ible foi. tbe
piepai.￿lio1l of ilic fiiiancial sloiei))eiiig .oiid foi. beiiig S<ilisfied tlittt tliey giv¢ a 11-iic aiid fati. vicwi
collti'ol cls tlie liiislees deleniiine is lle¢essary lo en1( ble the prepninlioii of finaticial slttleii)enls that are free fTOIII 111iltei.ial
i)iisslatefftnellt, wlicthei. due to fraii<l oi. en'or.
In Pl¢P<lflllg tlie fiii<ill¢ial s111 leiii¢nts. lh¢ Irtislc¢s ai"¢ r¢sponsibl¢ foi ¢lssessing Ilie ity's ability to colltiniie lls a going
coJic¢rD, disclosing, as applicabl¢, iiiallcrs iclatcd io goitjg Coiicci'ii anil iisillg the going con¢erii basis of a¢¢oilliting iinl¢s$
tlie ITl151ees eiiliei iiilend lo liqiiid¥Trte tlie cliarity oi. to cease opei'ations. or kavc i)0 Icalislio alici￿￿117ft biit lo do so.
Aiiditoi's i'esi)onsil)ilities for the #ii(lit of the finxiici#l.1tr4)tenirnt
We liave been apiJoiiite£l lludi(oi' iii)der seetioii 144 of the Clw'ilie$ Ael 2011 and I'cpoil 171 <iccord<iiice iiiitb I'egiilalioJ)s
m<)d¥ linder se¢liull 154 of Ibii I dct.
Our chbjcetive< aie to obtaii) rcttqoiittl)Ic th%%uitince 2Lbout ivlictlicr ihc fiiil¥ IICll¢ I st¢ltctiieiitS IL S Il iiiholc lire free fi'olll illlc leriil
isstalemejil, Nvlieilier diie lo fi'aiid oi. ei'ior. aiicl to Is￿le ali iiuditoi s i'epoi't thal iiielLidcs oiii. opinion. Reasoiiable ttssiii'ance
is a biuh level of aSs￿l.01￿Ce, biit is not L? riDt¢c that 1721 aiidil condiicled iii accoi'd1& nce Hritli ISAS (UK) Ivill cilivc1yS delecr
a ￿￿lIe1'la[ Iiiisstclteineiil ivbeJ] it exists. MisslateEiientS CLIJI c1rise fi'om fi'aiid oi. eiTOI' and (ire cojjsidered niateiial if,
indiiridiilllly or ill tlie <iggL'e¥ate, tliey coiild re<1SOlliTrbly be e.¥pected lo iiiflii¢ne¢ Il)e e¢oiioi))ic de¢i£ion8 (Jf ii&cr8 t1¢ kcii oil
Ihe basis of Iliese fiD<1llcial stalein&Jls.
A fiirthcr dc5criplion of oiir respoll5ibilitiCs for tbc aiidit of tlic financial sliileineiils is Ioc£lted on the Firnoll¢lfil R¢porlii)g
Council's ivebsite at.. bttp.'Jliwiryv.fJr.org.iiklcl11(LÉorsrespLTriisibilities. This descripiiom Forn15 parl of 01￿. aiidilor's rcpr)i'l.
Use uf uuj. i'epui't
Tliis i'eport is Jnade golely to tlie chllrity'g tsiigtees, <lS n body, in acoordc1110¢ Ivltll Pll rt 4 of il)e Chai'ities (AccoLintS illld
Replli'ts) Re¥il¢l1ioiis 211118. Oui. &iidil ivoi'k has been ulldei'lalcen so that ive Liiigbt stlc re to rhe cliill'lty's tnistees those inalters
WC Ilrc i'eqiiEI'cd to statc lo th¢iii ill all i< iiditol. S F¢POrt alld foi. J]0 oth¢r piiii)ose. To Ilie fullest exleiit pennitted by law, Ive
do iiot &lCCCPt oi. assiune I'espoi)sibility to anyolle oiber thali tbe chLl1'ily and ilic cliill'lty's triisiees as a body. fot our audit
work, for ihis repoi'i, ot. for rbe opilliolls ive hove foiined.
Ghc1foor ￿hn￿d laTriillak (Senioi. SIKltiitory ALidiloi')
For and 01) bchalf of Account¢lX (UK) Liillited, Si<1tutory Aiiditoi.
Cli£lrtered Cei'tificd Accoiinlalil and Register¢d AIEditoi
22-25 Poi'hnan Close, M2( ryleboi)e Road. London, EI￿land, WIH 6BS
DAle- 3110112024

Neii, Liin(loii E(liiilltiui)Jl Ti'ii.It
StalemeiDI of fi iii¢iniilll Activities
IEi¢,liidiiiL¥ IIiLiiine Aiid Ei Ypenilihii'e ALLI)illIt
rioi- Tlie Yeai. Jideil 31 DLIL'nil)ei' 2U22
Uiii'e%ti-icteil
RL'S11'iL*e(I
Total
Tot￿1
2022
2022
2022
2021
Iiiconic Iiiil eiiiloii'll]etil. fi'f)n).'
7&.()Ci2
23.1176
2,1111,505
2,Ul)11.1(17
23,876
Oilici. iiicojiie
1,82U,501
56,454
Total iiicoiiie
102.438
2,114,U43
1,676,9SS
93.685
2,ODI,¥25
2,01)5,510
2,157,09CI
g,C)811
1211V,141)
Net moi'enient irt fiin(Is
),Ciill
(2811,141)
28(?,{%62
5&'7.003
PU￿1] biilaJ)Ll.% al 31 Dcieii)bLI- 21122
294,71f
32.S,31)4
3116,1462
The staleinelll of Cinan¢ial aclivilies iiicludes all gati)s asid losses r¢cognised li) the y¢ai'.
All ii)¢oille and expend1h￿¢ derive froiii eolltiiiiiii)g c1Ctivilie5.
The stalcmeni of fJnallCl<il activities also c0111plies willi the r¢qEiiieiiieiils foi, incoine aiid expcilditt￿c occoiii)l under Ihc
Conipanie5 Act 2011C).
Tlic Jiotes oli pag¢s 13 10 23 foiin Pc111 of Ihcsc fiiiallcial $1a£emcnls.
Ptsg¢ la

Neiv Loniloll £1 IlueHtion&l TrTisI
Balllnee Slieet
As At31 DtLember 2022
2022
2021
Notc
FIXED ASSEI TS
Tangible assets
115,552
41,975
115,552
41,975
CURIIEI NT ASSETS
Debtors
Cagh at bank aiid in l)and
253,420
246,644
257,206
77,915
500,064
335,121
Crcilitui's: Amoiints fi*illang Diie Witliin One
Ycay
(138,221)
170,234)
NET CURREI NT ASSETS
361,843
264,887
TOTAL ASSEI TS LFSS CUIUIEI NT
LIABII.ITifi,S
477,395
306,862
Crediturs: Amoiiiits FAlling Dve After Mol'e
Tliaii One Year
13
(152.000)
NET ASSETS
325,395
30C),862
INCOMC FUNDS
Resti'icted FLinds
29,680
20,000
Uni'csti-icted fiii)ds
14
295,715
286,862
TOTAL fi UNDS
325,395
306,862
'riie cumpany 1% Cntiiled to the exeinption fiom tlie aiidit ieqiiii'einent coiitaii)ed ii) se¢lion 477 of the Coinpanies Act 2006.
foi. tlie yeai. ended 31 Deceinbei. 2022, alil)ougli an aiidil lias beeii caii'ied OLIt uiidei. section 144 of Il)e Cliarities A¢1 2011.
Tlie dilectoi's £tcknowledge thcir responsibilities foj, coinplying witli the I'eqiiiilinents of tlie Companies Act 2006 with
i'espect to accotiiiling records and Ihc pi'eparalion of financial stalements.
These financial slateinents wei'e appiDved by tlie Board of TJ'i151ces on
by,.
and weir signed on its behalf
MI. BM Afotey
Ti'iiqtee
Company Irgisliation nuiiiber.. 069222966
The notes on pages 13 10 23 foi'in pait of tliese financial statcin¢nls.
PaBE I I

NeTrs, Lnniloii Ei (liiciitiuiiiil Trii%t
Stiiteni¢iit uf Ciisli floiv
rioi. TIIL Yccl]- Ei Iided 31 DLcLiiII)Li' 21122
2022
2021
Notcs
Cnyh Iluivy fi'om opei'iiting ilLtiviliLs:
NeL cash geiieratecl I Iiised ii)) froJy] OPCi{?lioi)s
16
261,353
?61,353
(54,3C)I I
(54,3C) I I
Cnsli Iloivs fi'oiii iiive5tiiig activities:
Piii'c111¢ sc of11( ngible fixed ass¢ls
(92,6241
(5,969}
Net Cash ii.4ed iii investing Actiipitie.s
(92,624)
i et inei'egse l ((lecrexse) ill cayli iilld ca.sli equiv*leTIt
168,7?9
(60,330)
Casb and cagh ¢qUiTrTal¢llls at bcginnÉnq ofyecir
77,915
138.245
Cu%h C<ish eqiiiv£)l£nt& lit enil i)lyexr
24Cp,CJ44
77.l)1S
The notes oi) pages 13 10 23 foiin phi'l of tliese finuii¢ial stiilcniciTrls.

Neiv Lniiiloi) Ei (liie¢ltioiiiil Ti'ii.4t
Note.8 lo tlie Fijliiniiiil St<ltemeiiL5
Foi. The Yi'411" iiiled 31 DLceiiibLI' 2022
I, ACCOUNTING POLICJES
Chui'iti, infoi-mution
Nell, Londo￿ E(kication?c l Tnist is a privic te eoLllpfiny lii))ited by giicii"aut¢¢ incorpor<11cd iii Eiigl<iiid and Wale5. Th¢
registered oE6c¢ is Scepli¢ Holis¢. 75-81 SiainES Road, Houiislow, Lolldoll, TW3 3HW.
].]. B#sis i)f i)i'ei)¢lI'i￿g the fin#llci#l.stAlements
Tb¢ fillclllClIl1 sLiteiii¢iils of the cliai'ity hilvc been prcpli red a¢oord<lllQ¢ Ivlth Ihc ch47rily's govciMinLJ dociimeiit, tlie
Conipanies Aet 2006, FRS 102 'TI)e Fiiiancial RcporliJ]g stalldai.ds applicciblc in IhL UK anil Republi¢ of Irelaiid"
("FRS 102,1 aiid die Cliaiitics SORP"Accoiiiiling aiid Reponinrw by Cliarili¢s.' Sthi¢rti¢iit of Re¢oiTllnended Practicc
aiiplicc1ble to chilritics l)ieplli'iiig Ihcii. c1CCOlllIIs iii Ilccordallce MTlth Ilic Fin21 IICl14 l Rcporliiig Stcllldiord I1piJlicablc i
Ihc UK 4111d Republic of Ireland (FRS I D2} and the Clkniiiiies ACL 2011.
Assets at)d littbililies are iiiilially recognised at hEstoric1i I cosl of111c nsiiction V£lliie iillless oili¢iivis¢ si4led ill tlie
LElevallt accoili1tll￿ poli¢y or llole.
The fi￿]￿￿¢]￿[ slJiein¢Lils ar¢ prcpcir¢d in sl¢rlittg. is tbe fiiiiclioi)al CLiirency ofihe chllrity. Moll¢taiy a]noiiiils
ia Ui¢s¢ financial slalcment5 urc I'oundod lo Ihe i)eai'est.£.
The cli¢irity Imeets Ilie definition of a piibli¢ benefit enliÉy undei. FRS 102.
1.2. GoinR eoncerll
Ai Ilie liiiie of i& Ppl'oviikn the fiiiGineiul s(GileiTiellls, the li-lislccs l)ave a i'easoiiable expectiltioii Il)aL Il)e cl)arity lths
,Ideoii.Ite resoiirces lo contitiiie iii opei.Ilion1c l exist¢llce foL Ihc foi'csce41ble fiiliii'e. Thiis, the ￿￿$te¢S ¢oi)littuc to ¢ldopl
the tsoilly concei'n bisis of accoiinrill<y in pi'eparillo tlie fiiwii¢iul st¢ilenients.
1.3. Charituble tiiii(Is
Unreslii¢l¢d fiiiids are availcible fot. uge at the disciEtio]] of the Ii'iislecs ill fiwtlieiniice of tlieir ebtirilftblc obj¢¢iiv¢s.
R¢st2'icl¢d fvnds i1rc siibjwl to spccific condilions by donors S to lioiv they Jnay be iiscd. Tlie piirposcs at]d us¢s OF
he i'eslrieled ￿ft)d$ Al'e sei oiEt iii tlie notes to Ibe fii)•rJci411 sl¢lieii)ciits.
Evei"y inollth the cl){ii'kLy ivill i"cceiii¢ t]1¢ fiuids ivliicli miisi be used to 81)eiiil on siipplyiiig ¢dii¢atioll. Ollce the charity
lias ￿et irs obligiL lions for tbe iiiontb, Illly Slwpliis in fuiids will be iL Iloouled to tb¢ iiiu¢slrictcd fiinds.
A pi.0visi￿] is iiiclEEded iii ibe i'esli'icted fiind ilCCOUlll Eor ally polenlial fluid ¢Jii¢ellaliolls.
Endoiviiiellr fI￿dS 1£ re subjeci lo specific eonililions by doiioi"s Il)•l the capital iuust be Iiiaintli 11)cd by tbe cl)arity.
1.4. Iiicome
tllcome is recognised ivbell the ch<irity is legic Ily entitled to it nfter ttijy perFormw]cc ¢onditioi)s ve beerL ll)et, Ibe
,iJnountS Cc1n be Jneasui'ed reliably, and il is PLobcTrbl¢ that iiieoin¢ W￿11 be r¢¢eived.
Cash dottntioi)s are I.eco￿lSed oil i'eceipt. Othei. doi)alions .?I'e reeosi)ised once the ch<ll'ity111l5 beeii nolified of the
doll1￿ liott, iinless perfoi"JllAii£C collditlolls I'eqiiire d¢fcrr&l of Ilie ainoLinl Incoikie tax rccovei'£lble ill R'elatioll to
doiialioi)s received iiiidei. Gift Aicl oi. deecls of coveiianl 15 rccoglliscd IE t th¢ tiiiie ofilie doii&ltioll.
Legftcies are recogiiiscd on receipt oi. oiherivise tf the chi¢ rity 11¢1S b¢eii iiolificd of 11 11 Tinpeiiding distribiiiion, the
moulll is kilts￿7, und receipt is expccled. TFthe lliiioiits¢ is iiot known, Ili¢ Icgacy is IrLTlcd £1S ti cotslillgenl 11s5¢t.
Page L_I

Neiv Loniloii E(IiiciitioRI)l Ti'iist
Notcfj to tIIL fiiiiJiiciiil Siiitenieiitl+
rioi. TIIL Yeiii- Ei iiilL¢I 31 August 2n22
I. ACCOUNTING POLICIES- CONTINUED
1.5. ii)eii(lilui-e
EApcndiliire is recogiiiscd oncc th¢r¢ is a Icgic l oi. couslnictllT¢ obligatioll to trll1isf￿.CcolIoMlc bejicfil lo a third party,
il is pr(Ibic bl¢ thcil i? Iraiisfer of ecollomte beiiefils will bc ieqiiired in settl¢menl. aiid the cl1]]ount of the obligT¢ilion can
be iiie<18ured i'eliably.
Expell(litt￿e is classified by actiirity. Tli¢ cosls of eiicl) a¢lii'ity are niadc iiij of Ihe total of clii'ect cosrs and sharcd
051s, uicludii)g siippDI'l cosis iiivolved ii) Iindert<iku)g eaeli llcliirily. Diiecl eosls Qiii'ibiilable to Li siuglc 14 cliirity are
allocntcil directly lo tliji ¢lCtiiiily. Sli&1red costs ivbicli eonttibiitc to ii)ore Ihaii on¢ a¢livily aiid suppoi't eosls ivliicb
tLI'e iitit attributcTrble to a single acliifflty Eire <ipporlion¢d betiveejj those ￿ttiN1t1¢S oil a b14 SIS co1￿1Ste21t willi tlic iise of
Jcsoiiiccs. CeIitt'¢11 stoff ¢OSls (ire (illocated oll the b1￿ sis of tiin¢ spci)1, lid depre¢ia¢ion cliar2e5 Ilie lill0c￿1tcd oil the
portion ot the ttgset's iisc.
1.6. Voluiiteei's
IJ) accordic lice ivith tlie SORP, and iii i'¢¢0¥￿ill011 of Ilie d1ft1￿1111ts in placing iiiollel<lLy vallie c>n tlie contribiition
fi'oiii volunteers, Ilic eollh'ibiiliou of voliinte¢ls Is Iiot illeliided ivitbii) the iiiconie of ihe ehJi"ity.
Hoivevei., Ihe tl'llstees VÉiliie the significilllt conlribiilioii ii)Ide lo tlie activities of tlie ch&rily by iinpald voliiDte¢i's
all(1 Ibis is d¢s¢ribed iiiore fiilly til note 6.
1.7. Tui)EilJle fixeil xssety
Tan¥ible fixed assets are inillallyllica￿1r¢d atCDsI <ind siibseqiiti)Ily njeasured at costor voliiatioll. Ji¢1 of depreciatioii
alld ally inipainneiil losscs.
Depreciaiioll is i-¢Co￿)ised so as to i¥rite off the cost (>t valuatioii or (issels less tlieir i'egidiial valiics over theii. Iis¢ful
Iivcs oik th¢ Eollomqiig bases..
Fixtiii'es & Fitting$
Coillpiilei Eqiiipiiienl
Leasehold iiiipi'ovemrnls
20/u IEdiicinbY bttlai)¢¢ basis
?O/o iediicing balcillce basis
5 ycars
1.7. 11111)iiii-nieiit Dt fti.¥e(I dYSC'ts
Ai eacl) Itporiing ei)d date. Ilic ¢bartly rcvi¢ws Ilie Ci1l"ryillg ainounts of ir5 tilngiblc IL sse15 to dclcJi))inc ¢h¢i'¢
is any in(licalioJ) Iliat tliose asseis Ih1c ve SLirrcrccl itnpi¢ itjnciii loss. If any SLich iiidi¢alion exisls, Ilje re¢ov¢rabl¢
ai)ioiini of the asset is cslilli&ltcd iii oi'dei. lo detei'inine lh¢ ¢xlei)l of the iiiipaiii)ieiit loss (if tiny).
1.8. Cmsli lliiil erfisli e(iiiiYiileiit¥
C£lsli aDd Ciisl) eqiiivaleiits ii)cliide casli iti litti)d, dti)osils held i call ivith banks, otlici. slioi't.ienn liqiiEd IJ]vcstni¢iils
vitli oi'igiiicil Inaliii'iliES OF thr¢¢ iDollths or Icss. aiid bL1Jtt ovei'di'afts. B¢illk ov¢i'ib41fts are sb0I41ll iviiljiii boi'roivillgs
Page 14

N¢ii. Lonilvii E(IIiLiltifjiilll Ti-11st
Tule.s to tIiL Fi119¢ nciJl Statements
ri 01- TIIL YLiii' Eiilleil 31 DL'eLnibLI' 2022
I. ACC015NTING POLICIEI S- CONTINUED
1.9. finiiiiciiil Insli-liments
Fill￿71]e121 ftsscts
Basi¢ fit2DJiCiiil asgets. iii¢liidiiig debtoi's aiid otlier receivables olld Cc1slI )lld bank bnlELiices, <lre inililltiy recogllised
t trttiisaclioi) pi'iee, iii)Itsg tlie ai'iaiiftei)ieiit eoiislitutes tiiiftiiciiig tr￿li$￿e{lO]I, Ivh¢re tlic Iraiisi¢li0ii Is i))casure(l ai
the presellt valiie of Ilie fiiture irccipls (b'swiinled cit il Liiaik¢l 1.11 Ic ofijilei'esl.
Siich ssets al'e &ibseqiiently caii'ied lll aiknoitised cost iisiiig the effective ii)terest iiieihod.
Ai tlic ciid of cttcli rcrx)rting period finAllcial Ilssets D]elc sill'e(l ai amortised COSL llre <issegsed for objectivc cvidu)ee
ol- iiiipnii'121EI)i. If <lll sset IS Illlpilil'ecl Ilic iinpaii'iiici)t lo¥ss is tlie differeiice beh41eeii Ilie &ii'ryiiig Ill)lOlllIt lid the
pi'eseiil valiie of the estiniated C1( sh floivs discounted at the asset's origillal effective sntei'est rate. The ilnpainneiit
loss is i'e¢otsiiis¢d in profit or loss.
Ir theiE is deci'ec1se iii Ihe impairtlleiil Ioss riskiig fi'oin (ill event OCCLlI'i'ing afiei. Ilie impaii'inenl ivas reco¥iiiseil, the
tIllPclirineAit is rcv¢i's¢d. Tlic r¢iT¢IE1c l is sucli t1)￿*t the cii]Telll cariyng uiiioiillt does llot exceed ivhÉl1 the cai'i'yirÉg
aiJ)oiinl woiild have beell had the impairiiient not previously been recognised. The iinpic irmellt reversic l is recogtiised
LD profit or loss.
Fi1knlllCj¢11 asscts are d¢i'¢cogllisecl ivl)eii Ill) Ilje eonli'aettilll iigl)Is to tlie casb flows Irom tlie ￿￿$St1 expire oi- &ire seltl¢d,
or Ibl siibslantially ¢111 ilie iisks and reiyiirds of Ilie OiTTTrei'sliip of the assel ¢ve tt'4lnsfeiTed to iinotbei. pai'ly or {c)
despiie l)&iviug irlaillcd SOLllc significalll risks lld rewards of ON￿¢1'5hllp, coiili'ol of Ib¢ a55el has b¢¢ii IL"aiisf¢ii'ed lo
oiber p(Ii'ly ivho has Ihe PLaCtical ic bility lo iiTrilatei'ally sell tlie asset to ali iinrcliilcd tliird pai'ty ivithoiit iinposii)g
ddiiional i'estriclions.
Bi?sic fiiiiillci?E I lialjililie.8, iiicliidiiig ercdilors oihei- pllyllblc% Ai'c cltt8%ifscd debt, arc initifilly rceogiiiqed <Trt
Iransclctioll price. iinless tl)e ai'rallgeiiieiit C01151ilutcs a Iinanciiig ITansaclion, iiilieTe Ilie debt instNilleiit is ]nellsiii'ed
1t tlie pi'csent valiic oftlie fiitur¢ r¢¢¢iplg discoiiiited at 4 ￿lI￿rket rate of kllterest.
Debt instniiii¢ntS iTrE¢ 5tibseqLiently CaEried 7¢ t 4llllOrtised cost, iisitig the effective illtei'est i'pte ineiliod.
Fees paid on ilic cslablishiiicnl of loan Ea¢ilili¢s Di'¢ recogllisEd as trallsaGIioll costs of th¢ loaii lo Ilie cxlcnl Ihai il is
probiible tlial soi))c oi. all of tl)e f¢lcility Trvill be diaiiFii dowm. tn this S¢. th¢ f¢¢ is defciicd iilltil Ilic draiv-down
octhirs. To the extent thei'e is no evideiice Ilial il is probable Iliiil soiiie oi. all of Ilie facility IlTiII be drntvii doivn, Ilie
te¢ is ¢opii•lised as a pre-pilyinent for liqiiidity seivices Iqiid aiiioitised over the period 0£ tbe cility to ivlll.cli ir
r¢lil¢s,
Ti'¢ide creditors I'e obligaliolls to pay IOT noods or scrvices Ilii& 11111 vc bceii acq&iiJ'cd iii tlic oi'clin411'y coiiise of bLisiness
rroiii siipplieiE. Ti'4de crediiorg al'e classified as ciiri'ci)I liabiliiies if payiiiciil is diie iiijiliin one yeii. oi. less. IF i)ot,
tII¢y <lre pre8eiJl¢d &s Iion-¢ui'reiii li4bilili¢s. Tr•d¢ p￿y￿bEc$ ¥tr¢ re¢ogi)tscd inilially al tyansaclioii iJi'i¢e aiid
siibscqiiently iii¢asiu'cd 4t ainoirtised cost usii)o ilie effective illterest iiietliod.
Dci'ii'alives, iticlii(lill¥ jntete5l tite swaps cTrJid foi'wc11'd foieigii excl)c1J)ge coiili.iic15, cli-e not basic fiiiancial lllstlllliients.
Dci'jiiaiives &r¢ iwtially i'eeognised lil valiie on the (L11e a dei'ivalive coi)Ii'acl is elltcrcd into lind are siibseqiienily
re-iiicaswrd at Ih¢ir fail. V<iliie. Changes 111 ilie fiiif Vi11iie of dei'ivll lives <ire recogiiiscd in profil or loss in Yinaiice
¢osl8 or ftnasicc ￿lIc0￿C as appiopi'iatc, ULdess Il)ey are iIicliided iii o hedging aiYAiigeJi)eni.
Fin<lllCliil liiibililies ar¢ dc1"ocog￿1Sed wl)ett the liability is eKtinsiiished, thal is ivheii the contimetual obligation 1%
discharged, cai)cell¢d or ¢xpii'¢s.
Pa8e 15

NeTrv Lnn(loi] Ei (liiciitionill Tt'iist
Notes to ilie Fijilliicilll Stiilenieiit5
ri{11- The Yc'iii. Eiidc'il 31 DL*LiiibLI' 2022
I. ACCOUNTING POLICIES- CONTINUED
Tbe I'ity is ¢x¢nipt froiii tax on its chai'itable activities.
1.11. Eniployee% heiicfits
Tlie cost of aiiy u1)i￿cd holiday ¢ntiilemeiil is i'ccognEs¢d iti tlie p¢i'iod ivbicli thc ￿lIploYce,s services are received.
Tcriuini( tion brnefils are I'ecognised iiiiii)¢diaÉ¢ly as an exp¢ns¢ ivhen the cl)clrity is dcnionstrably coJ]uiiitt¢d to
t¢llnllll)te Ibe employincnl of <iii cinployee oi. to providc lermiii<ltioJ bellefits.
1.12, Retll'L'lllI'lIt l)cFiefit
Payiii¢llt5 to defiiiecl conliibiitioii i'elireiiiei)I beiiefil s¢liein¢s are eliiilged as exi)eiise S tlic), fall di1¢.
1.13. Ci'itkcal AccDiiiitiI)ki estin)ilte$ 8nil ft.¥.siinii)tiony
li) the <ippli¢8tion of the chai'ily's cTrc¢ounling policies, Ilie li'iislecs are reqiiired to lliake.judgeiiieiilS, c$iiiiiai¢s lid
assiiiiiplTOI)5 abDiit th¢ can'ying ainoiujt oEas8cts Ind liabilities that I1re llot I'eadily ai)parent froin oilici. soiiiccs. Thc
csliiii¢llcs ancl associaleil a8siiiuptiQnS 21 rc bascd oil hisloi'jc<l1 experieiice c11)d c)Il)ei' factoi's Ilkit ar¢ c021sidcicd L(> be
relev4lllt. Acliial I'csiilis inAy diffei. fi'oni Ilicse cslin3alcs.
The estiinales and iiiiilerlying assumpÉiolls arc reiTiewed oil ULI ollgoillg bisis. Revisioiis lo accoiiiitiiig estilllcltes are
recognised ii) the pcriod ill ivliich tlie esliminlc is ieviscd ivlicrc Ilie rcviqinn ilTcctq oiily tlic1t pei'iod, or iii tlie period
ol IlLe revisioii aiid liitur¢ periodg ivhere Il)c i'evision affects both curiEiit fiiluic p¢riods.
1,14, Pi'oi'isio
Provigions aLe i'ecognised wlicn th¢ cliai'ily h1< S w) obligaLion al (lie bal<1nce slieetr date as a resiilt of a i)llsi ¢v¢iii, il is
probilbl¢ Il)411 an oiitfloiv of ecoiioiiiic bcn¢fiis ivill bL reqiiii'cd iii settlenieiii &nd rhe a￿oullt caji b¢ rcliably csliinli lcd.
Pub5¢ 16

Iyeiy Lniiiloji EdiiciitiDI):Il Ti-ii.sl
lotei to tIIL f<iiiaiiciiil Stalemeiits
Foi. Th¢ Yi'ai. Ei ndc(131 DL£enibLY 21122
2. CHARITABLE ACTIVITIES
2U22
21121
Tiiirioii Eiicoiiie
T¢st Ceiitr¢
2,QI1,505
78,662
2.090,167
1,7S2.135
38,366
1.820,501
AR]&li'sis l)1, fuii(I
UiiirslTiCted fui)ds
Res(Yicted fil￿)dS
78,()()?
2,011 .505
2,V)0,167
38.36(?
1,782,135
1,82U,%OI
3. OTHER INCOTrqE
2022
.2021
Oiliei. incoJ)ie
Reiilcil incoine
Job Rele￿Il0n Schem¢ sr41iils
),nG2
14.814
-S,UIH
17,361
23,876
4. CHARITABLE ACTIITITIES
2021
Staff costs
Depi'ec11c tioii and ui)Pilil'iiienl
L¢arJ]iiiL pi'ovidei. costs
Rent
Rates
Liglil llnd heat
R¢p&ir Eiiid Leneivals
CleaTriiig
Tizvel co$15
AecoiEJ)IcliiCy Fccs
ESFA ¢lawb11 cks claini
Bad debts
900.304
19,047
)24,-184
1,8(?,?89
23,882
13.421
11,726
7,368
1,429
4,103
175,311
2C),648
1,9l)3,()12
101 .$98
784.700
576,230
184,578
1(),626
10,727
35,516
4.075
1,327
10,553
441,117
?,U78.%18
78,278
Sl)are of siippoil eos15 {see note 5)
2,09.5,510
2,157,1)96
Aiiiilysis by I'uiid
Uiii'esti'ictcd fiinds
Restricted fuDds
)3,685
2,001,825
2,095,510
509 ?33
1,647.863
2,157,tl96
PagL 17

Neil, Ltjniloii Ediicxtioilal Triist
Notes to tlic FÉiiciiieial Sliilemciits
Flir TIIL Yviii. El JidLd 31 Dei'Liubei- 2022
%. SUPPORT COSTS
2022
2021
Ma￿ageMent cogls
Fiiiaiice costs
Govei'i)iiice costs
90,576
482
10,540
C)2,148
821
15,309
101,598
78,278
Govci'naiice costs in¢liide audiloiB' i'eiiiiillcration o1.£7,801112(P1.. £12,011)( }
6. THE CONTRIBUTION of4 VOLUNTEI ERS
Tli¢ voliinleers ivoi'k (ir¢l¢ssly to chiLV¢ the goals of Ibe cliai'ity and Elicir Collts'ibiilion Ciinnot bc Aiiei4 5lll'¢d.
7. TRUSTEEI S, REMUNEI R4TIOiS' AND BENEFITS
Noi)e of ilie liiislces (oi. any pcrson C¢*i]nected wiib tbciii) received aiiy reniiincicltiou or b¢nefits li'oin tlie el)ai'ity diiring
IlJ¢ yeai..
8. EMPLOYEES
Numliei. ol. enii)loirees
Tile ii vei<isTe iiionilily Iiluuber ofeiiiployccs diiriiig the I. Wa5..
2022
2U21
34
Employillellt cosls
2n22
2021
Wilges nnd Scllai'ie5
Social secLIEity cosis
Otlici. peD5iOll cosls
817,994
67,725
715,024
57,0$5
12,621
900,304
784,700
i o eiiiployees i'e¢eiii¢cl ei))olLiinents iii exc¢ss of £60,OUO iii the yeai. ended 31 Deceilli*i' 2022 (2021.. 11.
PIi¥7L 18

Nei), Londnll EdiL¢gtioiixl Trii.%t
NOÉLS to tlie FiiiAI)cixl Stalemeiil.s
Foy Tlic. Yell. Eii(lid 31 D￿'ll￿1)e¥ 2Q22
9. TMiiEilile fi.¥eil asset
LcAsLI)olil
ITni)roi'en)eiit
FixtlEiY
Cfjiniiiitei-
equii)mLlIt
TotHI
Cost
As at O l Jlc Lil￿rY 21122
Additions
71,200
3.882
47,978
20,582
19,178
92,624
68.160
As at 31 Dec¢i)Iber 202?
)8, IC)0
7.8,OR2
68,560
211,802
DLlli'eLiiltii)
As at 01 Jll 1)IlI7ry 21122
Cl)arge for the ye￿￿
48,042
5,296
?9,161
5,129
77.203
19,047
8,fi22
As ilt 31 Decembei. 2022
8,C)22
53,338
34.2l)O
96,250
Net Book Value
Ral
5 yrs.
As at 31 DeCe￿be1 2022
21,744
34.270
115,55?
As at I l Dcc¢nibcr 2021
23.158
18,817
41,975
10. Fixeil #ssets iiive.ltiueiits
Othei.
At O l Jlliiiiary 2022 & 31 Deceiiibei. 211?2
5,UOO
Ai 01 Jic niiai"y 2022 & 31 Deceiiibei, ?0?2
{5,000)
At 01 JLiJkUary 202? & 31 December 2022
Thei'e wet¢ no illvestiiieiil assels oiilsidc ofilie UK.
Tlie ehlc i-lty's investillenl 41 ilie balallce slie¢l dot¢ iii Ibe s111[ I'e capital ofcomp1c Dies incliide Ilie folloiviDg'.
Triiiliing liiiiovators Limite(I
R¢¥T151¢E¢d oftice.. Sccplr¢ H0115¢, 75-81 Siaiiics Road. Hoiinslow. Lolldoii, Ui)iled Kiiigdoill. TW3 3HW
Nic liirc of biisiness.. Dortnaiit
Clllss of shni"¢." OYdinai"y
/0 holdillg.. l Jll
Tbe cl)Ic rity hi< 5 cliosett iit>l tQ COJJ501idal6 the Dccoiinls as Ilie subsidiary is doi'maiit &1lld il woiild i)ot Inulei'il4 Ily affecl Ilie
ri11￿￿lIe10I st#l•llei)Is.
Pcige 19

Neil. Liiii(Ittrii E(liiialiiiiicl1 Ti'ust
Trlutey ti) IbL fi i1l42llLiiII StatenieiTrt.¥
Foi. Tlie Yeill. Eii(led 31 DeLL'nilTrei- 2022
11. DEBTORS
N(Itc
2022
2021
Diie witliiii one veilj.
Trilde debtoi's
Prepayiii¢llls alld ¢1ccnicd ijiconie
208,178
6,242
214,420
185,774
28,682
2J4,4f 6
Diiv al'tei. illni'e tlIAn (Triie i'¢I1
Oilier dcbitsi's
39.000
42,75U
3(),OOQI
42,750
2S3.420
2%7,206
12. CREDITORS-AfvIOUYTS FALLIING DUE WITHIN ONE% YEAR
2022
2n21
Trade ereditoi's
Otl)ei' taxes aiid so¢iol $e¢iirity
Oihci" cr¢dilvtS
AccrLliils i1nd deferred incc>mc
)l),816
22,561
28,5CI2
?1.312
19,182
.5,02C)
24,714
138,221
70,234
13. CREDITORS-A￿lI0UNTs FALLING DUE AFTER Trl IORE TIL4N ONE YEAR
2022
2021
Other ereditoi's
1.52,0(NJ
1$2,OUO
Oihei. eredilors incliidc claivback cl¢liiUS by the EdLicaLiOII lind Skills Fiinding Age￿cY {ESFA} in relnlLQll to Pclst
ppr¢nticcsliip Icariici's.
?0

14. Rfi.-%l'RiCTET) FI[￿'D5
ExpEllditw'o
2fj22
2U22
6S,S56
{?OD,4Sg1
?u.oo

Notes Iii Illl FiiiaiiLiiil Stateiiients
Foi. TIIL Yeiii. Eniled 31 Deeenil)ei' 2022
IS. ANALIISIS OF NET ASSETS BY FUND
Un)'LstYiLtei]
Fiiiid.s
Re¥tricted
TiitHI
Fi￿d balaiices at 31 Decei))bci" 21122 £1re Leiilesernled by..
T.11)&)ible <issets
CiiiTClIt assets
15,55?
1811.163
29S,715
11.5 £52
29,6,411
29,680
325.395
16. CASH GENERATED FROMI OPERATIONS
2U22
21121
Siiiyliis l (deficit) foi. Ilie yEiir
18,533
(?80,141)
iidjiistiiicnls foi..
DepreLlc21ion aiicl ii)Ipiiin)¢tst oftli nBible fixed ssets
19,n47
10,36<)
loTr'eiiienl KvoYkin¥ c&pilal
Dcci'ease iii drbiors
lii¢t'e41Se / (d¢¢r¢asc) in ci'editois
Cll¥li gellei'aleil l {IisL(l iii) fi'om operAtTOIIS
.8,7RC)
211).)l 87
440.140
1224.729)
(54,361)
261.353
PagE 22

Neiy Loiiiloii E(liiialiiiiiiil Ti-usl
Niite.% to tlie Fiiini)Lldl StAteiiient
Foi. The Yegr Enileil 31 DLcenil)ci' 2022
17. FiiithiiLjg1 IiTrsti'iiniLiits
Tlie Chcll'ily Llie folloiving fiEianei1f l iiistniiiients..
Flnanciiil 8sSCts #t faTr value tlirougli i)t'olit or loss
21122
2021
Fin8JJciiII A55et% tbtht lire (lel)t instruiiienfs iiieLsiit'cil at cost
Trade debtoi"s
Othei. dcbioi's
208.178
39,UO
185,774
247,178
228,524
2022
21121
FiniinciiII li.'Ibilitie.s meusiii-efl At
Trclde cr¢dilors
Oih¢r i.Ixe5 lind so¢ial seciii'ity
Otl)ei' ¢r¢dilors
Accnials
Imoi'ti5ed c05t
69,816
22.iCTrl
18U,5C??
16,155
21,312
19,182
5,026
22,250
67,770
18. RELATED PARTY TRANSACTIONS
The charily opcrilles al Scepti'e Hoiisc 75-81 Sitjines Ro£ld, Hoiiiisloiv, Lolldoii, Unile(l Kii)gdom. TW3 3HW. Tl)e property
is oivtied by & (l￿]11Y iiieEiibeI' of th¢ DiiEcloi', SLlj<ll)i B£iddai)i.
The cb41iLy incutTed E¢Jilal cosrs oC£I ¥O.11110 {20?1.. £184,578) diii'illg the year.
PagL ?1