## South Leeds Alternative Trading Enterprise Limited
Charity number 1149293
A company limited by guarantee number 06394383
## Annual Report and Financial Statements
for the year ended 31 March 2025
South Leeds Alternative Trading Enterprise Limited
Annual Report and Financial Statements for the year ended 31 March 2025
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 5|
|Examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Statement of cash flows|9|
|Notes to the accounts|10 to 17|
**Prepared by West Yorkshire Community Accountancy Service CIO**
1
## South Leeds Alternative Trading Enterprise Limited
## Trustees' report for the year ended 31 March 2025
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates**
Jude McCarthy Edward Carlisle Keith Garrard Alison Ward Alex Cheung Alison Giff
Resigned 4 December 2024
Appointed 30 September 2024
## **Charity number Company number**
1149293 Registered in England and Wales 06394383 Registered in England and Wales
## **Registered and principal address**
## **Bankers**
Unit 1 Balm Road Industrial Park Lloyds Bank plc 2 The Headrow Leeds LS1 6PN Balm Road, Hunslet Co-operative Bank plc PO Box 250, Skelmersdale, WN8, 6WT Leeds Triodos Bank UK Ltd Deanery Road. Bristol. BS1 5AS LS10 2BG
## **Independent examiner**
Simon Bostrom FCIE Stringer House 34 Lupton Street Leeds LS10 2QW
## **West Yorkshire Community Accountancy Service CIO**
## **Structure, governance and management**
The charity is a company limited by guarantee and was formed on 9 October 2007. It is governed by a memorandum and articles of association as amended by special resolutions on 1 October 2012 and 9 October 2012. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10. The company was registered as a charity on 11 October 2012.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
2
## South Leeds Alternative Trading Enterprise Limited
## Trustees' report (continued) for the year ended 31 March 2025
## **Objectives and activities**
## **The charity's objects**
To further such charitable purposes falling within the description of charitable purposes. Being the advancement of citizenship or community development - Charitable purposes that fall within this description being:
- a The promotion of good citizenship and civic responsibility.
- b The promotion of urban and rural regeneration.
- c The promotion of volunteering for the public benefit.
- d The promotion of the voluntary sector for the public benefit.
- e Promoting the efficiency and effectiveness of charities and the effective use of charitable resources. f The promotion of community capacity building; and by promoting or advancing exclusively charitable purposes of charities involved with social investment.
To advance education and training for the public benefit.
To relieve those in need and to promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society - "Socially excluded" means being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community - by undertaking charitable activities which assist those by reason of their age, ill-health, disability, financial hardship or other disadvantage.
To protect and preserve the environment for the public benefit by the promotion of waste reduction, refuse reclamation, recycling, the re-use and repair of recycled products and the use of surplus.
To further such other charitable purposes as the trustees may determine from time to time. The aim being to address the well-being of socially and economically disadvantaged communities in Leeds. 'Well-being' shall mean ensuring the basic needs of individuals and the community are met in relation to health, education, financial security, employment, the built environment and access to public services, amenities and recreation facilities.
## **The charity's main activities**
To carry on activities which benefit the community and in particular (without limitation) to contribute to the social, environmental and economic well-being of the people of South Leeds by setting up not for profit social enterprise businesses with environmental and social aims which offer work opportunities to people with learning and other difficulties.
## **Public benefit statement**
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.
## **Achievements and performance**
We would like to thank our donors for their kind donations over the last 12 months. Even though many of our donors have been struggling themselves financially this year we have still received a large number of generous furniture donations. We continue to provide free collection of quality used furniture, helping people de-clutter their houses, dispose of "old" things when they are buying new, or find a home for a deceased relative's treasured possessions. Furniture donations have reduced a little this year as donors wish to hold onto their items for longer. We have seen a diversification of income this year to increase our financial stability.
3
## South Leeds Alternative Trading Enterprise Limited
## Trustees' report (continued) for the year ended 31 March 2025
## **Achievements and performance continued**
Over the past year we have increased the number of people with learning disabilities who are attending a placement at our sites. Our beneficiaries have continued to see their confidence and social skills grow whilst they develop work-based skills in a real workplace environment. We have offered training in customer protection rights, numeracy, IT and technology skills over the last year. In conjunction with funders we have provided support to our service users to help them afford the basics of life such as food and heating.
We are also grateful to Leeds City Council Waste Management, who encourage us to collect from the Holmewell Road Waste Sorting Site in Middleton. We would also like to thank all the funders that have provided us with grants over the last 12 months. The Feel Good Café, which operates in Gipton, has seen strong growth during the cost of living crisis. The café provides a warm space and affordable warm meals. This has been valued during a time when people are struggling with the cost of food and the energy costs to cook that food. SLATE has always prioritised Volunteer Recognition and nominated our teams to the Leeds wide Big Thank You hosted at the Royal Armouries on 28 April 2025. Two of SLATE’s volunteers have been nominated for and won free hotel stays from the Room to Reward scheme. SLATE has supported the volunteer team to receive research interview fund from Leeds University training new doctors about people with lifelong conditions and smartphones and digital inclusion. In addition to this, SLATE has supported individuals through personal crises including the death of their parent.
## **Financial review**
The net expenditure for the year was £24,270, including net expenditure of £24,270 all relating to unrestricted funds.
## **Reserves policy**
The trustees aim to maintain sufficient reserve funds to cover between 3 and 6 months operating expenditure. This would equate to approximately £191k to £382k
The charity's total reserves were £573,584, all of which relates to unrestricted funds. Within this figure, £22,394 was the value of tangible fixed assets. This leaves a balance of £551,190 free reserves.
The trustees acknowledge the fact that the reserves currently exceed the upper limit of our policy. This is due to making year on year surpluses through earned income and gift aid.
In light of the current climate of continuing economic and financial uncertainty in the UK and abroad, the trustees feel that it would be prudent to hold higher reserves to provide security to ensure that the charity is sustainable.
## **Plans for future periods**
SLATE is adjusting to increase in operating costs by reviewing its pricing structure as well as trying to continue to control its costs. This is work that SLATE will continue over the coming months and years. We hope that this will allow us to offer more training, employment and volunteering opportunities to people with learning disabilities. Upcoming events include electrical safety training workshops with volunteers and International Day of Disabled Leaders Breakfast. These events will go ahead in early 2026.
4
## South Leeds Alternative Trading Enterprise Limited Trustees' report (continued) for the year ended 31 March 2025
## **Statement of trustees' responsibilities**
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Approved by the board of trustees on 8/12/2025
Jude McCarthy (Trustee)
5
## South Leeds Alternative Trading Enterprise Limited
## Independent examiner's report to the trustees of South Leeds Alternative Trading Enterprise Limited
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2025, which are set out on pages 7 to 17.
## **Responsibilities and basis of report**
As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charitable company's gross income exceeded £250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.
I confirm that I am qualified to undertake the examination because I am a fellow of ACIE which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
- 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Bostrom FCIE
9/12/2025
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
6
## South Leeds Alternative Trading Enterprise Limited
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 March 2025
|Notes
2025
Unrestricted
funds
£
**Income from:**
Donations and legacies
(2)
74,464
Charitable activities
(3)
602,561
Other trading activities
(4)
30,843
Bank interest
13,591
**Total income**
721,459
**Expenditure on:**
Charitable activities
(5)
745,729
**Total expenditure**
745,729
**Net income / (expenditure)**
(24,270)
**Fund balances brought forward**
597,854
**Fund balances carried forward**
(6)
573,584|2025
Restricted
funds
£
34,759
-
-
-
34,759
34,759
34,759
-
-
-|2025
Total
funds
£
109,223
602,561
30,843
13,591
756,218
780,488
780,488
(24,270)
597,854
573,584|2024
Total
funds
£
190,520
606,930
38,496
7,653
843,599
764,548
764,548
79,051
518,803
597,854|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
7
## South Leeds Alternative Trading Enterprise Limited
## Balance sheet
|as at 31 March 2025
2025
Unrestricted
£
**Fixed assets**
Tangible assets
(7)
22,394
**Total fixed assets**
22,394
**Current assets**
Stock
2,000
Debtors and prepayments
(8)
32,075
Cash at bank and in hand
(9)
538,176
**Total current assets**
572,251
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(10)
21,061
**Total current liabilities**
21,061
**Net current assets / (liabilities)**
551,190
**Net assets**
573,584
**Funds**
Unrestricted funds
573,584
Restricted funds
-
**Total funds**
573,584|2025
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-|2025
Total
£
22,394
22,394
2,000
32,075
538,176
572,251
21,061
21,061
551,190
573,584
573,584
-
573,584|2024
Total
£
31,040
31,040
2,000
86,821
486,262
575,083
8,269
8,269
566,814
597,854
597,854
-
597,854|
|---|---|---|---|
For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who are also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 8/12/2025
Jude McCarthy (Trustee)
8
## South Leeds Alternative Trading Enterprise Limited
## Statement of cash flows
## for the year ended 31 March 2025
|**Cash flows from operating activities:**
**Net cash provided by (used in) operating activities**
**Cash flows from investing activities:**
Bank interest
Sale of tangible fixed assets
Purchase of tangible fixed assets
**Net cash provided by (used in) investing activities**
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
**Cash and cash equivalents at the end of the reporting period**
Adjustments for:
Depreciation charges
Bank interest
(Increase) / decrease in stock
(Increase) / decrease in debtors
Increase / (decrease) in creditors
**Net cash provided by (used in) operating activities**
**Analysis of cash and cash equivalents**
Notice deposits (less than 30 days)
**Total cash and cash equivalents**
**Reconciliation of net movement in funds to net cash flow**
**from operating activities**
Net movement in funds for the reporting period (as per the
statement of financial activities)
Cash in hand|2025
£
38,323
13,591
-
-
13,591
51,914
486,262
538,176
2025
£
(24,270)
8,646
(13,591)
-
54,746
12,792
38,323
2025
£
467
537,709
538,176|2024
£
74,062
7,653
1,833
(34,376)
(24,890)
49,172
437,090
486,262
2024
£
79,051
15,063
(7,653)
(2,000)
(10,039)
(360)
74,062
2024
£
709
485,553
486,262|
|---|---|---|
9
## South Leeds Alternative Trading Enterprise Limited
## Notes to the accounts
for the year ended 31 March 2025
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Donated goods for resale are valued at the amount actually realised upon their sale.
Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.
## **Investments**
Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
10
## South Leeds Alternative Trading Enterprise Limited
## Notes to the accounts
for the year ended 31 March 2025
## **1 Accounting policies continued**
## **Tangible fixed assets**
Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
Motor vehicles: over 5 years Fixtures and fittings: over 5 years Equipment: over 4 years
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
## **Leases**
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
11
## South Leeds Alternative Trading Enterprise Limited
## Notes to the accounts continued
## for the year ended 31 March 2025
|**2 Donations and legacies**
Leeds City Council - Other grants
Gift aid claims
Groundwork
Volition - Leeds
Electrical Safety First
Department for Work & Pensions
Leeds Community Foundation
Leeds City Council - Adult Social Care (ASC)
Revive Reuse CIC
Other donations
**3 Charitable activities income**
Furniture sales
Cafe sales
Direct placement fees
**4 Other trading activities**
Revive Reuse CIC management charges
Recycling credits|2025
Unrestricted
funds
£
-
10,735
-
-
-
-
-
-
62,575
1,154
74,464
2025
Unrestricted
funds
£
361,449
112,172
128,940
602,561
2025
Unrestricted
funds
£
17,820
13,023
30,843|2025
Restricted
funds
£
12,825
-
9,018
5,000
3,000
2,660
2,256
-
-
-
34,759
2025
Restricted
funds
£
-
-
-
-
2025
Restricted
funds
£
-
-
-|2025
Total
funds
£
12,825
10,735
9,018
5,000
3,000
2,660
2,256
-
62,575
1,154
109,223
2025
Total
funds
£
361,449
112,172
128,940
602,561
2025
Total
funds
£
17,820
13,023
30,843|2024
Total
funds
£
17,500
15,448
-
2,780
-
-
9,300
37,000
108,422
70
190,520
2024
Total
funds
£
411,996
105,963
88,971
606,930
2024
Total
funds
£
31,036
7,460
38,496|
|---|---|---|---|---|
12
## South Leeds Alternative Trading Enterprise Limited
## Notes to the accounts continued
## for the year ended 31 March 2025
|**5a**
**Support costs**
**Support cost type**
Management and admin salaries
Payroll fees
Accountancy and independent examination
Memberships and subscriptions
**5b**
**Charitable activities expenditure detail**
Salaries, NIC's and payroll costs
Freelancers / outsourcing
Staff travel
Volunteer expenses
Conferences, training and events
Furniture store purchases
Cafe purchases
Repairs and renewals
Vehicle maintenance and fuel
Postage, phone and internet
Office and administration
Advertising and publicity
Registrations and subscriptions
Rent, rates and utilities
Insurance
Clothing and uniforms
Bank charges
Independent examination
Depreciation
Bad debts
Hardship payments|2025
Unrestricted
funds
£
471,994
70
2,358
3,245
5,191
48,775
42,397
9,623
9,751
5,192
9,918
5,142
4,031
104,082
6,465
868
4,997
1,785
8,646
949
250
745,729|2025
Restricted
funds
£
15,688
-
-
1,319
8,388
295
1,575
-
-
119
574
1,180
-
-
-
2,051
-
-
-
-
3,570
34,759|2025
Total
funds
£
75,297
3,354
1,785
4,031
84,467
2025
Total
funds
£
487,682
70
2,358
4,564
13,579
49,070
43,972
9,623
9,751
5,311
10,492
6,322
4,031
104,082
6,465
2,919
4,997
1,785
8,646
949
3,820
780,488|2024
Total
funds
£
73,511
3,978
1,785
5,383
84,657
2024
Total
funds
£
469,223
333
2,385
6,236
6,951
59,880
46,536
14,681
10,211
6,188
10,216
3,811
5,383
93,330
4,853
962
6,168
1,785
15,063
353
-
764,548|
|---|---|---|---|---|
13
## South Leeds Alternative Trading Enterprise Limited
## Notes to the accounts continued
## for the year ended 31 March 2025
**----- Start of picture text -----**
|||||
|---|---|---|---|
|5c|Staff costs and numbers|2025|2024|
|£|£|
|Gross salaries|441,698|426,356|
|Social security costs|33,493|32,218|
|Employment allowance|(5,000)|(5,000)|
|Pensions|12,388|11,671|
|Redundancies|1,749|-|
|Payroll Charges|3,354|3,978|
|487,682|469,223|
**----- End of picture text -----**
The average number of employees during the year was 21.6, being an average of 14.9 full time equivalent (2024: 21.4, 15 FTE). There were no employees with emoluments above £60,000.
**----- Start of picture text -----**
||||
|---|---|---|
|Defined contribution pension scheme|2025|2024|
|£|£|
|Costs of the scheme to the charity for the year|12,388|11,671|
|-|-|
|Amount of any contributions outstanding at the year end|
|-|-|
|Amount of any contributions prepaid at the year end|
**----- End of picture text -----**
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|6|Restricted funds|Balance b/f|Incoming|Outgoing|Transfers|Balance c/f|
|£|£|£|£|£|
|-|-|-|
|Leeds Community Foundation|2,256|2,256|
|-|-|-|
|Leeds City Council|5,000|5,000|
|Groundwork UK|-|9,018|9,018|-|-|
|Volition - Leeds|-|5,000|5,000|-|-|
|-|-|-|
|Department for Work & Pensions|2,660|2,660|
|-|-|-|
|Electrical Safety First|3,000|3,000|
|Welcome Spaces (LCC)|-|825|825|-|-|
|-|-|-|
|LCC Training|7,000|7,000|
|-|-|-|
|34,759|34,759|
**----- End of picture text -----**
## **Fund name**
Leeds Community Foundation Leeds City Council Groundwork UK Volition - Leeds Department for Work & Pensions Electrical Safety First Welcome Spaces (LCC) LCC Training
## **Purpose of restriction**
To support Adults with Learning disabilities to develop work related skills. To support people setting budgets to help the cost of living. Training of volunteers regarding E Selling.
To support adults with Learning disabilities to live meaningful lives. Access to work grant.
To reduce WEEE and increase reuse.
To create a welcoming space in the cost of living crisis. To assist adults with learning disabilities in developing basic skills.
14
## South Leeds Alternative Trading Enterprise Limited
## Notes to the accounts continued
## for the year ended 31 March 2025
|**7 **
**8 **
**9 **
**10 **|**Tangible assets**
**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**Debtors and prepayments**
Debtors
Prepayments
Accrued income
Other debtors
**Cash at bank and in hand**
Cash at bank
Cash in hand
**Creditors and accruals**
Creditors
Accruals
Taxation and social security
Other creditors|£
15,039
-
15,039
14,418
155
14,573
466
621
Fixtures
and fittings|£
8,281
-
8,281
4,742
1,771
6,513
1,768
3,539
Equipment|£
53,725
-
53,725
26,845
6,720
33,565
20,160
26,880
2025
£
26,188
5,887
-
-
32,075
2025
£
537,709
467
538,176
2025
£
19,094
1,785
182
-
21,061
Vehicles|Total
£
77,045
-
77,045
46,005
8,646
54,651
22,394
31,040
2024
£
68,997
5,302
6,409
6,113
86,821
2024
£
485,553
709
486,262
2024
£
5,961
1,785
-
523
8,269|
|---|---|---|---|---|---|
15
## South Leeds Alternative Trading Enterprise Limited
## Notes to the accounts continued
## for the year ended 31 March 2025
## **11 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
## **Remuneration and benefits received by key management personnel**
The total employee benefits received by key management personnel were £52,192 (previous year: £48,083).
## **12 Operating leases**
|Within one year
In the second to fifth years inclusive
Expected future minimum lease payments over the remaining life of the
lease, analysed into the period in which the commitment falls due:|2025
£
36,583
15,100
51,683|2024
£
65,450
51,683
117,133|
|---|---|---|
## **13 Joint Ventures**
South Leeds Alternative Trading Enterprise Limited (SLATE) and St Vincent's are the sole members of Revive Reuse CIC, a company limited by guarantee.
SLATE does not have any monetary investments in Revive Leeds CIC.
Each year Revive Leeds CIC donates its profits in equal portion to the two member charities.
During the year a donation of £62,575 was made by Revive Leeds CIC to SLATE (previous year: £108,422).
16
## South Leeds Alternative Trading Enterprise Limited
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2025
|2025
2024
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Donations and legacies
74,464
123,940
Charitable activities
602,561
606,930
Other trading activities
30,843
38,496
Bank interest
13,591
7,653
**Total income**
721,459
777,019
**Expenditure**
Charitable activities
745,729
697,968
-
-
**Total expenditure**
745,729
697,968
**Net income / (expenditure)**
(24,270)
79,051
**Fund balances brought forward**
597,854
518,803
**Fund balances carried forward**
573,584
597,854|2025
Restricted
funds
£
34,759
-
-
-
34,759
34,759
-
34,759
-
-
-|2024
Restricted
funds
£
66,580
-
-
-
66,580
66,580
66,580
-
-
-|2025
Total
funds
£
109,223
602,561
30,843
13,591
756,218
780,488
-
780,488
(24,270)
597,854
573,584|2024
Total
funds
£
190,520
606,930
38,496
7,653
843,599
764,548
-
764,548
79,051
518,803
597,854|
|---|---|---|---|---|
17