Company Registratlon Numbèr.. 08334345 Charlty Number: 1151387 The Guild for Lifelong Learning Limited IA ¢ompany limlttd by guarantee, not having a share capltal) Annual Report and Unaudited Financial Statements for the flnancial year ended 31 August 2024
The Guild for Lifelong Learning Limited (A company Ilmlted by guarantee. not havlng a share capital) CONTENTS Page Reference and Administrative Information Principal's Report Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report 10 statement of Flnancial Aclivlties 11 Summary Income and Expenditur8 Account 12 Balance Sheet 13 Statement of Cash Flows 14 Notes to the Financlal Slatemenls 15-23
The Guild for Lifelong Learning Limited IA company Ilmlted by guaranlee. not havlng a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Janet Douglas Sue R3dley Grace R8ed Paula Riordan Mallhew SRiilh Julin D(41i11is {Resigi)L.d JO Noveiiibtsi 20231 Charlty Number In England and Wales 1151387 Company Registratlon Number 08331345 Reglslered Officg and Prlnclpal Address 1 Bourne Stre61 Wilmslow Cheshire SK9 5HD IndÈpendent ExamlnÈr Steven Nixon 8Sc (Hons) FCCA Langers Chartered Certified A¢UntantS 8-10 Galley Road Cheadle Cheshire SK8 1PY GB Prlnclpal Bankers Nalional Westminster Bank PLC 416 Grove Slreet Wilmslow Chesl)ire SK9 1EE Sollcitors Oelia Corporate Risk Siiile 2 8ailey Court Green Slreel Macclfisfield Cheshirc SK10 1JQ Penslon Admlnlstrators Naliondl Einploymenl Savings Trusl Riverside House Soulhwart( Bridge Road London SEI 9HA
The Guild for Lifelong Learning Limited IA company Ilmlted by guaranlee, not havlng a share eapliall PRINCIPAL'S REPORT for the financial y8ar ended 31 August 2024 l atn pleased lo reporl Ihal the charily conlinued to successfully deliver ils objecllves by providing an incluslve and broad curriculum of communily-based adult education. Whilst the pandemic lell like a distant event. its financial legacy continued lo m8ke a significant impact on the day-to- d¢iy r(Iiiiiiiici c)f Ilie Cjiiild. A¢('egs 10 9f<1111 fijiiding coiiliiiucd lo be SCf11ce; l)olli lor*cII ciiid nalianal goveriinio.nl fLindinq was curtailed,. aiid, donations Irom philanthropic individuals was diminisl)ed. Expendilure al the Guild was limiled lo operational acllvilies and routine buildlng mainlenance. decoration and necessary repairs. We are very grateful for the donations and grants we received which enabled us lo purchasg some new foldlng tables for Ihe halls and a new heavy- duly multi-purpose workbench for the Art Room. Th8 charrly's commvnily calé and art space proved lo be very popular. Tlie café oflered a hot lunch n)enu every weekday as well as saiidwiclies, snacks, beverages, and confectionery. Throughoul 11)e colder months the charity was proud lo provlde a warm space and Iree hol meals lo thos6 who needed the support of our charitab58 coinmunily. The ¢omniunlly hub space was again used by several local charities and nol-for-profil par1n8r organlsalions lo deliver Iheir commuiiily oulreach programines. Regular users were.. Cyber Crime Awareness- Cyber Crime Team, Cheshire Constabulary Financlal Awareness Surgeries - True Polenllal - Financial Advice & Inv8slment Digital Literacy. Aidan M¢llroy Scams Awareiiess - Age UK, Cheshlre Easl Macniillan Fundraiser Colfee Morning Christmas Cake Sale In ald of Cancer Research Demenlia Friendly Café Learning Disability Partnership Board Fundraiser Comee Morning hosted by Bare Necessilies Toilelry Bank Death Cafe hosled by End of Lile Partn8FsI)ip The gallery.8PriCe was used lo dlsplay Ihree exhibitions.. 'Hona$ly Exhibiilon - a Cross curricular 6xhibilion on Ihe Iheme. by afl students 'Life Drawing Exhlbilion an exhibilion of work produce in the weekly life drawing classes, by students of Sabin6'S Ari C18sses 'Lii)dow Exhibition - worl( Inspired by Lindow Maii. by lexlile. calllgraphy and jewellery sludenls Thls year, as In previous years. Ihe educational and adminislfalive slam teams have provided excepllonal support lo n)e and each olhgl,; their hard wort< and dedication ensured Ihal Ihe Gulld continued to funcilon during Ihese difficult limes. 11 musl also be noled thal ovr achievemenls were only possible due lo Ihe support and Gommilmenl of our team of volunle8rs whose effort and enlliuslasm is greatly appreclaled. Paula Riordan Bsc Msc PGCE FRGS FSET FIOL Prlncipal 24 Jan 2025
The Guild for Lifelong Learning Limited IA company Ilmlted by guarantee. not havlng a share capllall TRUSTEES, ANNUAL REPORT for the financi21 year ended 31 Augusl 2024 The trustees present their Tru8lees' Annual Report, combining Ihe Directors, Report and Truslees. Report, and the unaudiled financial slalemenls for the financial year ended 31 Augusl 2024. The Twslees presenl their annual report and accounts for the financial year ended 31 August 2024 whlch have been prepared in accordance with the Companies Acts 2006. the Charilies Acl 2011 and SORP (Slalemenl of Racommended prar.lice fnr ArcniinlSng ?nd re.pnrling hy C.l)arilie%) ?.n15 1?s Ameiidp.d by Ilio Bullp.lin 184iif)rJ iii ac.loh?r ?018 ¢2l)tJ applicHble to illl accoui)ling periaLSs beginning ori or aller I sl Jaiiuary 201111,1 I lie SORP)- Mlsslon, Objectivès and Strategy Objectivès Summary of The Gulld for Lllelong Leaming's objeclives The memorandum and articles of a$slatIOn sel out how the Income and property of Ihe charily are to be used lo advance the charitable purpose. The objects of Ilio ch8rily are.. lal lo promote Ihe benefit of Ihe inhabi18nls ol Wilmslow and Ihe nelghbourhood logelherdefined by the areas known as Wilmslow and Handlorth and the civil parislies of Alderley Edge. Chorlay and Motlram St. Andrew, wilhoLII distinction of sex, sexual orienlalion. race or politic81, religious or other opinions. by associating logelher 11)e said inhabilanls and lh6 local aulhorilles, voluntary and olher organi581ions in a common effort lo advance education and lo provid8 facililies in Ihe inleresls of social wèlfare for recreation and leisure-lime occupation with thè object of improvlng condilions of lifé for tlie said inhabilanls., (bl lo establish. or secure Ilie eslablishm8nl of a communily cenlre and to malnlain and manage the sanie {wl)elher alonp. or in co-operation with any local avlhorily or olher person or body) In furtherance of these ol)lecls', and Icl lo promote sucli oilier purposes Ihal are charilable acwrding lo Ilie laws of England and Wales and lor Ilie benefit ol the publlc as may from Ilme lo liin8 be determined by the Trustees. A sel of'values and Aims" have now been 8Stablishod lo mMplimen1 Ilie "Vision and Misslon" Slalemenis. The Guild has a Development and Strategic P18n which sels oul the charily's ambitions lo deliver ils obleclives. The plan is a livlng doclimeiil and is revlewed and revised on a cyclical basis lo ensure Ihal key perforinance Indicators remain SMART (Specific, Measurable, Allainable. Relevanl aiid Time-bijsedl. structure, Governance and Management Stru¢tur8 The Guild l¢r Llfelong Learning Is a charity incorporated as a company linwled by guaranlee. Tlie governlng document is the memorandum and arlicl&s ofassocialion dated 14 Deceniber2012, as amended on 5 January 2021 and 29 March 2021. The Iruslees of the charily ar8 Ihe directors ol the company for the purposes of coinpany law.. Ihroughoul this report they 8re colleclively known as Ihe Trustees. Background lo The Guild for Llfelong Learning In 1922 the Wilmslow Educalional Swiely (WES) working in conjunclion wilh the Wotkers Educational Associalion IWEAI or9Bnised their first series ol lectures and in subsequenl years the Religious Sociely ol Friends kindly loaned Iheir school room lo the WES for some Coufses and Ihe performance of plays. Iii the Spiing of 1926. il was decided lo forin a new organisation whlch was separale from Ilie WEA, il would be called Ihe "Beacon Gulld. and be based al Bourne Slreel. The new organisalion piiblished ils first syllabus lor Ilie season 1926-27 and il grew steadily from ils Inception with the support ol Wilmslow Society of Friends. Cheshire County Council and 11)e Minlslry of Education. The name of Ihe charity clianged lo Wilmslow Beacon Guild iii 1939 and lo Wilmslow Guild in 1940. On 30 April 1963 Ihe Guild was registered as a charity in accordance the Charllies Act because Ihls wa5 8 condition for funding by th8 Ministry of Education. The Guild, an unlncorporaled Gharity. continued lo grow in both 115 provision and number of participanls. In 2012 Ihe Trustees decided, due lo the Size of Ihe organisalion, lo change the legal slalus ol the cliarily lo an incorporated charily. Throughovl Ihe charily's existence ils puipose has remained the san)e' to provide a centre in wlii¢l) men and women may find opportunilies for enrlchment of life through education, fellowshlp and co-operative effort for Ihe wellare of the communily. A resolution was passed on 5 January 2021 to change the n8me ol 11)e charity to The Guild lor Lilelong Learning lo provide a bauer explarlalion of tlie purpose of Ihe chartly: and lo remove Ihe geographlcal link to Wilmslow because the cliailly op8Yales from communlly venues Ihroughoiil East Cheshire and South Manchester.
The Guild for Lifelong Learning Limited IA company IlmllBd by guarantee. not havlng a Share ¢apltal} TRUSTEES. ANNUAL REPORT for Ihe financial year ended 31 August 2024 Governance Organisalional Structure The Trustees afe responsible for poliGy matters anii the overall direction of the charity and have absolute discretion in applying ils funds for Ihe furtherance of Ilie objects of the charily. The Board reviews all of the pollcies of the Guild on a cyclical basis. None of lh8 Iruslees has any beneficial interesl in Ilie charity, r)or receives any reniuneralion, olher Ihan the Principal who is an ex-officio Iruslee. Each Trustee guaranlees lo contribute £1 in the avenl of winding up, Tlie Board ol l-ruslces Imeels sly Iiiiic8 yolr r fthr ordiiiaiy i)ieelings iii addilioii to Ilie aniiiial gonortil Ineoliiitr, Tl)c Board ol Trustees niay also iiivile olher ii)dsviduals as appointed lo advise and report, bul only the Trusle&s have voting rigl)Is. The Flnance Comniliiee, wliich reports lo 11)e board. meals prior lo the boar(I n)eelings lo review., budgels. investments, rinancial perforin2nco and conlrols. tlie fiiiai)cial implicalions of any special inilialives, risk management and to finalise 11)e t)iidiled accounls and anniial reporl lor Ihe approval ol the Board ol TruslEJes. Remuneration lor all slaff is reviewed and agreed annually by the Remunetslion Commillee, advi.8ed by Ihe Princlpal. The Board of Trustees delegate responsibility for all operalional matters ol the tharily to the Principal. Tlie Irusleos are very gralelul lo the Pilncipal, her hard work and de(licalion had been exceptional., she ensured the charity continued lo 01)er8le Ihroughoul the yeai deliverifig ils services lo n)ainlain soc¢al coliesion and reduce social isolalion. Recruilmenl, 8leclSon and trainlng of Iruslees The power ol appointing succ8ssor or addilional Iruslees Is vested in the Members of Ilie chari18ble company, the majoTily of whom are Iruslees of Ihe cliarily. The memorandun) and artlcles of association sl8le Ihal there n)Ltsl be al 168sI three aiid iio more then twelve Iruslees. One third of the Injslees musl retire al each Annual General Meeting: roliring Truslees are 8llgSble for re-appoinlmenl. TTiJslees are sefecled on the basis of Ihelr speclali51 skllls and knowledge Ihat is relevaiil lo the Guild. New Iruslee induction is undenaken on a one-tothone basis wlien Il18y are elected. Tliey are briefed on Ilielr legal obligations under (:harily and company law. Ihe conlei)l ol Ihe meinorandum and arlicles ol associallon, Ilie charily sliuLlure and decision-rnaking processes. renI aclivitses ai)d finaiicial peilomiance and plans. There Is fomal Iralning for Iruslees as reqLilred. Risk management Th& Iruslees have assessed Ilie major risk5 Io which Ihe ¢harily is exposed and are satisfied wllh the sysleins and procedures that iii place lo manage and miligale Iliese. Delailed considerailon of risks is delegated lo the Finaiice Comiiiillee. assisted by the Principal. A formal r8view of The Gliild's risk iiianagemonl processes and Ihe risk regisler is undertaken as part of the cyclical policy review undertaken by the 8oard of TILisl8es. Revlèw of Activitles, Achlèvemei)ts aiid Pertormaiice l-he 2023124 dcademic year marked the 98th anniversary of Ihe founding of11)e Guild and Ihe prograinme lias conllnued lo develop wilh a grealer and more divefse ciirriculuni 11)an in previous years. During the 2023124 aLademic and Iinancial year the Guild.. expended niore than £549,000 in the day-lo-day cost of providing educalion and leisure-lime occupations continued ils long-lerm partnership wilh The Rossendale Trusl. a registered charity lor adults wilh learnlng disabililies continued ils long-lenn partnership will) Menlell. a regislered chaiity for Inenlal health continued Ils long-lerm partnership wtlh Bare Necessities Toilelries Bank, a regislerad ch8rity for hygieno continued its long-lerin partnership with Chelford, Handforth, Ald&Tley Edge ¢ind Wilmslow Care Community, a collaborollon of local GP practices. communily services, council services, public health. Heallhwalch, voluntary and other Ihird-party organisalions working logelher lo improve health and wellbeing lor our local comniunity. conlinued ils long-lem partnership with Cheshire and WiwTal Parlnership NHS Foundation Trust puvarty
The Guild for Lifelong Learning Limited IA company limlied by guarantee. not havlng 3 sharè capltall TRUSTEES. ANNUAL REPORT for Ihe financial year ended 31 August 2024 Flnanclal Revlew Total inGome of £544.447 was generated wlh the bulk of Ihis1£522.300) by way of fees from members partlcip81ing in the Guild's programme of courses and aclivilies, the diiecl cost of which was £485.570. After overheads (including 'Governance' £2,904). lotal costs were £560.325 resulting in an overall dofi¢it of £15,878. The Iruslees havè 211ocaled Ihe following funds: Strategic Re%erve at £80,000.. Buildinq Repalr Fund £50,000: and Land nil L]Lill(liiiiJ l-.uiid L2il o,ooa. i-Ii?.y ale salisliod 11)al Ilie (Ji<irily li¢18 rissols avLlilable lo adciiualel51 fulfil ils oliliiJ<ilioiis. However. Ilie charlly no longer has available the reseNes lo fund the eslablisliinenl of operalions in suitable premises when Ihe lease on 1 Boume Street expires in 2061. Flnanclal Results Al 11)e end of tho finanual year the charily has assets of £598.94912023 - £581,908) and liabllilies 01 £203,40012023 £170,481). The net assels of the charity have decreased by £(15,878). Prlncipal Rl$ks and Uncertalntles Tlie tenure of premises IOT the charity lo deliver ils programme ol activities is considered lo be a risk. The lease on 1 Bourne Street, the primary sile for delivery of the programme, will expire in 2062. Tlie Trusl8es liave decided Ihat the acquisilion of permanent premises for the charity lo deliver ils charilable purp05è is a key slralegic objective lo ensure the lulure of Ihe charity. The building al 1 Bourne Slreel is a modular syslem buill uslng limber framed conslruclion daling from 1g62.11 was constructed In accordance with Ihe lease and is cuirenlly consldered praclical and economic lo m8inlaln In accordance with the lease lor Ihe remainder ol Ihe leiin. The building, wl)ilsl fil lor purpose, will raqulre ongoing maintenance and repair as well as inleri)al remodelllng lu ensure Ih81 il fvnclions well for Ihe delivery of the charity's objectives. The key priorities are as follows.. The key priorities are as follows-. The Iruslees of The Guild have a clear plan for tlie future of Ihe charily. However. the liming ol the Impleineiilalion of Ilie plan Is sublecl lo Ihe circumslances caused by Ilie COVID-19 pandemlc. The Iruslees Intend to sleadlly expand the provision of aclivllies ollered by Ihe charily lo deliver ils objects during the nexl five years. Tliis will be achleved by working in palershiP with oll)er charilies. Cliesliire East Council and Ihe Department lor Educallon. 11 Is the Iruslees, inlenlion lo increase the nuinber ol courses, clubs and socielies dellvered,. and lo offer Ihls expanded provision in a way that is accessible lo a larger proportion of the adult poptilallon. There wlll be an expansion of face-lo-face learning in the East Cheshire and South Manchester aaS as and when community venues be¢orne available. Trustees Tlie lluslees who served IhrouglK)Ut the financial year. except as noled. were as follows: Janel Douglas Sue Radley Grace Reed Paula Rlordan Mallhew Smiili Jol)n Dennis IResigne(i 30 November 2023) In accordance wilh lh8 Conslilulion. the trustees relire by rolalion and, b8ing eligible. offer themselves lor re-81eclion. Compliance wlth Sector-wldè Legislation and Standards Tlie charity engages pro-aclively wilh legislalion. standard5 and codes which are developed for Ilie seclor. Tlie Guild for Lifelong Learning Limiled subscribes lo and is compllanl with Ihe following.. The Cornpanies Act 2006 The Charities SORP IFRS 102) Fundralslng The charity has engaged in small scale and one-off fundraisiiig activities since ils inception. Provislon ol activities has expanded in recent years and this has caused the ch2rily lo seek more funding to enable it lo deliver ils objectives. The charity now raises lunds from a broader spectrum ot sources.. frotn large grdnt awarding bodies to small-scale giving by individuals. The charity has undertaken a number of income-generaling aclivili8s which subsidise the cost of the educational progran)me. These activities alone do nol generale sulficiei)I funds lo suslain Ilie charlly's programme. As such, the charity is indebled lo thè generous indlviduals and organisations who pK)vide donaiions al grants to support work in Ihe furtherance of ils charilabbe objectives.
The Guild for Lifelong Learning Limited IA company Ilmlted by guarantee, Not havlng a share capltsii TRUSTEES, ANNUAL REPORT lor the linancial year ended 31 August 2024 Role of volunteers The Guild is supported by approximately 100 volunteers who assist with the admlnislration of ilie charity,. the running of tha groups, cllibs and societies., the mainlenance o118oume Street: Iho marketing ol the charity; fundraising for the charily and exhibillons of the students, Art and Crall work. Public ben8llt Iii tselliii(J Ilioir ol)joe.Iivcs (Iiid pl¢inniiig IIic'ii- <irlivilies Iho -[ iii%leo% h1¢ ve. givv.n Ci¢ rclul roii8idcrolion lo 11)c Cliai'ily Commlssioii's general guldance on publlc benefit and specific guidance on the advancamenl of educalion for publi¢ benefil. Subsidies are applled lo all the ch8ri1y'S acllvilies. The purpose of the entire programnie of activities Is the adVancelent of education in conlunclion with the maintenance and improvemenl ol health and wellbeing. No students are excluded due lo financial circumstances.. concessions and waivers are granted for students in financial need. Approved by the Board of Trustees on and signed on Its behall by: Janet Trust glas
The Guild for Lifelong Learning Limited IA company Ilmlted by guarantee. not havlng a share capltall STATEMENT OF TRUSTEES, RESPONSIBILITIES for the linancial yèar endèd 31 August 2024 The trustees, who are also directors of The Guild for Lifelong Leaming Limlted for the purposes of company law, are responsible for preparing the financial staternents In accordance with applicable law and regulations. Company law requires the Injslees as the directors to prepare financial slalemenls for 8ach financial year. Under 11)at law the trusle8s have elected lo prepare the financial statemenls in accordance wilh Uniled Kingdom Generally Arrp.pled Arr.OLinlin J( PIAe.lice. (Uniled Kin(Jdnm Ac,cnuiiling Sli111dards and rlpplicilhlp l¢?wl inrlu(Iln(i FRS 102 'TIIp Fin(Incial Reportiiig Slandmrd applicablo iri Ilie UK and Republic ol Ireland" SeLlion 1 A {Sniall 'nIllIesl. Un(1or Loini)3ny law the Iruslees must nol approve the financial slatemenls unless they are salisfied Ihal they give a Inje and fair view of the stale ol aftairs of the company and of the surplus or deficil ol the company for that period. In preparlng those financial sla18menls, Ihe Irustees are requiied to-. selecl sullable a¢¢ounllng pollcies and apply them consislenlly: make judgeinenls and eslimales that are reasonable and prudent- slate whether Ihe financlal statements have been prepared In accordance with Ihe relevant financlal reportlng Iramework, idenlify Ihose slandayds. and note the Èffecl and the reasons lor any materlal departure Ironi those slaiidards; 8nd prepaie the linancial slalemenls on the going o)neern basis unless il is inappropdale to presume Ihal Ihe ch8rily will continue in operalS0n. Th8 trustees confirm Ihal they have coniplied wilh Ilie above 18quirenienls in preparing Ihe fin81)cial slatemenls. The Iruslees Are responsible lor keeping adequate accounting records 11)al are siilficienl lo show and explain the charity's Iransaclions and dlsclose wilh reasonab18 accuracy al any lime the fin8ncial position of the Gharily and enable Iliem lo ensure Ihdl the financial slalenienls comply with Ihe Compai)ies Atl 2006. They are also r8sponsible for saleguaréing Ihe assels of the charily and hence for18king reasonable stèps for the prevenlion and deléclion of fraud and other irregul8rilies. Approved by tlie Board of Trustees on and slgned on Its behalf by: Janet Truste ou las
The Guild for Lifelong Learning Limited IA company Iln)Ited by guarantee, not havlng a share capltall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF THE GUILD FOR LIFELONG LEARNING LIMITED I have examined Ihe financial slalem8nis of Ihe charity for the financial year ended 31 August 2024, which comprise the Statement ol Financial Activities. Ihe Summary Income and Expenditure Accounl. Iha Balance Sheel, the Slalemenl of Cash Flows and Ilie relaled noles. Tliis rcpoi"l is ii)Ic dp %olely lo Ihv, rli¢lrills nieiiibeis. as ¢1 body. in riccorrJ<1ncc 11117 Cl)ai)lor 3 ol Parl 16 0111)e Conip¢.11)ICS Act 2006. My work has been undertaken so that I might compile Ilie financial slalements Ihat I have been engaged lo compile, report lo Ilie Board ol Trustees that I have (lone so, and sla16 those matlers Ihal I have a9re8d lo stale lo them In thi5 report and for no other Pufpose. To the lulle51 exlenl permilled by law, I do nol accept or assume responsibilily lo anyone olher Ihaii Ihe charity and the Charity's men)bers. as a body, for my work, or for this report. Respectlve responslbllilies of trustees and éxaminor The charily's Iruslees Iwlio are also the direcloTS of Ihe company for Ihe purposes of company law} are responsible lor the preparation of the finaiicial slolen)enls in accordance with the reqLJiremenls of the Companles Act 2006. Th8 charity's Iruslees consider Ihal ali audit is nol required for Ihis financial ye8r under Chapter 3 of Part16 01 the Con)panles Act 2006 and Ihal an independenl examinalion is required. 11 is my iesi)onsibilily lo.. examine the financial slalemenls under seclion 145 of Ilie Acl: follow the procedures laid down by the gpneral Direclions given by11)e Charity Conimission under secllon 14515101 the Cl)arilies Act 2011., and $1<1te wl)elher particular mollers have come lo my allenlion. Ba$ls of Independent examlner's réport My examinalion was carried OLJI in accordance wilh the general Direclions giveii by the Charity Commlssion. Ali exominalion in¢ludi)s a review of the accoiinling records kept by Ihe cliarily and a comparison of Ihe financi81 slalemenls presented will) those records. It also Includes conslderalion o( any unusiial Stems or dlsclosures in Ilie financlal slalemenls and seeklng explanations from Ihe Iruslees conceniing any such mallefs. The procedures uiidertaken do not provide 81111)e evldence that would be required in an audit and consequenlly no opinion is giveri as lo whellier 11)e accounts present a 'lrve and falr, view and ihe report Is limited lo ihose m3116rs set oul In the slalemenl below. Independent exan)iner's stalemenl In coniieclion wilh my examination. no maller has come lo my alleiillon wlilGh gives me ¢aus8 to b81i8V8 Ihal Iii, any nialeTio1 respecl., Ac,counling r8c(Irds were not kept in accordance with séction 386 of Ihe Con)panies Acl 2006 the financial slatelentS do nol accord with those accovnling records th8 financi81 slaleinenls do not comply with 11)e accouiillng requirements of Ilie Charilies Acl 11)e financial slalenienls have nol been prepared in accordance with the accounting requirements of section 396 of th8 Companies Act 2006 and willi Ihe melhi)ds and principles of the Slalenienl of Recon)mended Practice apiilicab18 lo cliarilies prei)aring Iheir accounls iii accordance wilh the Financial Reporting Standard 1r ppllcablts in Ihrj UK and Republic of Ireland {FRS1021 there is fLlrtlior Inlormallon needed lor a prop8r understanding of Ihe accounts lo be reached. I have no conceiiis and have come across no oll)er mallers in conneGlion willi the examii)dlion lo which allenlioii should be drawn in this rei)ort in OTd8r to enable a proper understanding of11)e financial slaleimenls lo be reached. Steven Nixon Bsc (Honsl FCCA LANGERS Chartered Certified Accounlanls and Registered Auditors 8-10 Galley Road Cheadle Cliesliire SK8 1PY GB Date: 19 February 2025 10
The Guild for Lifelong Learning Limited IA company limlted by guarantee. not havlng a share ¢apltall STATEMENT OF FINANCIAL ACTIVITIES for the financ121 year ended 31 August 2024 Unrestrictod Restricted Funds Funds 2024 2024 Total Unr8slricled Reslricled Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Income i)Oli¢ilions aiid leg<lLiQS Charilable aclivilies Adult education Other trading activities Investments Other income 2.695 4.329 7.024 2,CJ09 6,1303 9,712 522.300 4.163 7.939 3.021 522.300 4,163 7.939 3.021 491,377 2,135 3,20B 2,346 491.377 2.135 3,208 2.346 Total Income 540.118 4.329 544.447 501.975 6,803 508,778 Expéndlture Raislng funds Charitable acllvilies 494 548,643 494 559,831 664 483,673 664 517,213 11,188 .33,540 Total Expenditure 549,137 11,188 560,325 484,337 33,540 517,877 Net in¢omellexp8ndlturel {9,019) {6,859) {15,8781 17,638 {26,7371 {9,0991 Transfers bolween funds 13251 325 Net movément In funds for the financlal year 19,0191 16,8591 115,8781 17,313 (26,412) 19,0991 Re¢onclllallon ol fund¥: Tol81 funds beginning ol the year 15 389,856 21.571 411,427 372,543 47.983 420.526 Total funds at the end of the year 380.837 14,712 395,549 389,856 21,S71 411,427 The Statement of Flnancial A¢livili¢s includes all gains and losses recognised In Ihe financial year. All Income and expondilure relate lo conlinuing activities. Th8 liotes on pages 15 10 23 form part oflhe fir)aTKial statements
The Guild for Lifelong Learning Limited IA company Ilmiitd by guarantee, not havSng a share capllall SUMMARY INCOME AND EXPENDITURE ACCOUNT for the financial year ended 31 August 2024 Statement of Financial Activlties 2024 2023 Gross income Unreslricled fEinds Rcslrirlp.d liin(l% 540,118 4,329 544,447 508,778 Tolal Income Total expenditure 544,447 {560,3251 508.778 1517.8771 Net Incomellexpèndlturel 115,878) 19.0991 The charily lias no recognised gains or losses other than the results 8nd cas17 ftows for the financial year. The results for the financial year have been calcul8l&d on the historical cost basis. Th8 noles on pages 15 10 23 f(bmi parl of the 17nanci81 statements 12
The Guild for Lifelong Learning Limited {A coinpany limlted by guarantee, not havlng a share capital) Company Number.. 08331345 BALANCE SHEET as at 31 August 2024 2024 2023 Notes Flxed Assets Tangible assets 311,897 317.806 Current Assets Deblors Cash al bank and in hand 10 9,506 277,546 5.260 258.842 287,052 264,102 Credltors: Amounts falllng due within one year 12 {203,400} (170,481) Net Current Asset5 83,652 93,621 Total As$8ls less Current Llabllltle$ 395,549 411,427 Fuiids Reslricled trust funds 0¢sSgnaled funds Iunreslficledl Geiier81 fund {unr8slricledl 14,712 380,000 837 21,571 380,000 9,856 Total funds 395,549 411,427 These financi81 slalemenls Iiave been prepared In accordance wilh Ihe spe¢lal provislons relaling lo small companies wilhln Part 15 of the Companies Act 2006. For Ilie financlal yèar ended 31 August 2024 the charily was eiililled lo exempllon from audil uiider section 477 of the Con)panies Acl 2006,. anij no nolice has been d8posiled under seclion 476. The Iruslees confirm Ihal the members have nol required Ilie company lo oblain an audit ol Ils financlal slalemenls foi th8 financlal year in questson In accordance wilh section 476 of the Companies Act 2006. The Inislees aoknowledge Iheir responsibilslies lor ensuring that the charity k6eps accounting records which comply wlih secllon 386 and fo¥ preparing financi81 slalemenls whicli give a true and fair view of the slal8 of affairs ol Ilie charity as al Ihe end of the financial year and o( ils profil and loss for Ilie financial year in accordance wilh Ihe requirements ol sections 394 and 395 and which othenvise comply will) Ilie requiremenls oftlie Companies Act 2006 relating lo fiiianclal slalemenls, so far as applic8ble lo 11)e charity. The financial slalemeiils liave been prepared in accordance with the provisions applicable lo coiiipanies subje¢l to Ilie small companies. reoime and in accordance with FRS 102 "The Financial Reporling Slandard applicable in the UK and Republic of Ireland" applying Section 1A ol Ihal Standard. Approvèd by the Board of Trustees and authorlsed for issue on bÈl)alf by and signed on Its Janet D Truste las The notes on page$ 15 to 23 fomi part ol Ihe linancial staiements 13
The Gulld for Lifelong Learning Limited STATEMENT OF CASH FLOWS for the fin8nclal year ended 31 August 2024 2024 2023 Notes Cash flows from operating a¢tlvitles Nel Inovement in liinds Adjuslmenls for.. Depreciation Interest receivable and similar Income (15.878) 19,0991 12,055 (7,9391 42 12,227 13,2081 Gains and losses on dispos81 of fixed assels 16331 Moveinenl.1 In working capital- Movement in debtors Movement in credilors (11,7201 <6601 {4,2461 32,919 6,123 15,455 Cash generated from operations Inlerègl paid 16,953 1421 20,918 1531 Nel cash generated from operating aclivities Cash flows from Investlng actlvitles Ii)leresl recelved Payments lo acquire tangible assets Receipls from dlspos&l of tsngible assets 16,911 20,865 7,939 <6,1461 3,208 115.1971 15,000 Nel cash generated from Inveslinenl 8Ctlvities 1,793 3,011 Nel117crease In cash and cash equlvalenls Cash and ¢ash equlvalenls at the beglnnlng of the year Cash and cash equlvalents at the end of tho year 18.704 258,842 23,876 234,966 11 277,546 258,842 14
The Gulld for Lifelong Learning Limited IA company Ilmlted by guarantee, not having a sharè eapitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 GENERAL INFORMATION The Guild for Lifelong Leaming Limited is a company limileij by guarantee incorpofaled In England. The regi51erad office of the charity is 1 Bourne Streét, Wilmslow, Cheshire, SK9 5HD whlch is also th6 principal place of busines4 of th?. charity. The financial stalempntg h<lVP. l)ep.n pre4eiitp.d in Poiind l£} wliir.h is al80 11)p. luncliunril cLirroncy ol Ilie cl)arily. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consislenlly in dealing with items which are considered material in relation lo Ihe chaiily s financial slalemenls. Basis of preparation The 1Sn8ncial statements have been prepared on the golng concern basis und8r Ilie hislorical cost convention, modified lo include certain Ilen)s al fair value. The fiiiancial slalements have been prepared In accordance with the Slalemenl of Recoinmended Practice (SORPI "Accounting and Rèporting by Charities prepBring their accDunls in accordance wilh Ihe Fii)ancial Reporting Siandaid applicable in the UK and Republic ol Ireland FRS 102" applying Section 1A of Ihal Slandaid. As permllted by the Companies Act 2006. the charily has varied the standard forinats in that act foi. the Slalemenl of Finaiicial Aclivilies and the Balance Sheel. Departures Iron) the standard formals are lo comply with Ilie fequirements of IheTr Charilies SORP and are in compli8nce with sectlon 4.7, 10.6 and 15.2 of that SORP. Statement of coinpliance The financial stalemenls of the charily lor the financial year ended 31 August 2024 have been pp8red on 11)e golng ¢oncern basis and In accordance with Ihe Slalenienl ol Recommended Practice {SORPI "AcLounliiig ai)d Reporting by Chaiilies preparing Iheir accounls in accordance willi the Financial Reporting S18ndard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A ol tlial Slai)dard. Fund ac¢ountlng The following are Ilie calegorles of (unds maintained.. Rèstrlcted funds RÈstricled funds r8present income received whicl) can only bo used lor particular purposes, as specified by the donors. Such purposes are wilhin the overall objectives of the charily. Unrestrlcted funds Unreslrieled funds conslsl of General and Designalad funds. General funds represent amounls which are expèndable 81 the discretion of Ihè board. in lurtlierance ol the objeclives of Ihe charity. Deslgnaled funds comprise iinreslricted funds Ilial the board has, al ils discretion, sel aslde for parlicular purposes. These designalions have an adminislralive purpose only. and do nol legally restrict the board's discretion lo apply the fund. Incoine Inbome is recognised by iiiclusion in 11)e Slaleinei)l of Financlal Acllvilies only when (he charily Is legally eiililled lo Ilie Income, performance condilions alla¢h8d lo Ihe ilem{sl of income have been mel, the amounls involved can be measured wilh sulficienl reliability and il is probable Ihal the income will be recelved by thè challly. Income from ¢harltable actlvities Income from chariloble aclivilies Include incoine earned from Ihe supply ol services undor conlraclual 8rr8ngemenls and from performance related grants which have conditions Iliat specify the provision of particular services lo be provided by the charity. Income Irom government and olher co-lunders is recognised wl)en Ihe charity is leg211y entitled lo the income because il is lulfilling the conditions contained in the related funding agreements. Where a grant Is received iii advance, its recognition is deferred and included In creditors. Where enlillemenl occurs before income is received. il is accrued in debtors. Granls from governmeiils and olher co-funders typically indude one of the followng types of condilions.. Perfomiance based condilions- whereby the charrly is coniraclually enlilled to funding only lo 11)8 exlent tlial Ihe core objeclives ol Ihe granl agreemenl are achieved. Wliere Ihe charity is meellng Ilie core objectives of a grant agreement, il recognises the relaled expendilure. lo Ihe exlenl Ih8t il is reimbursable by the donor, as 15
The Guild for Lifelong Learning Limited
conknnued
IA company Ilmlted by guarantee, not haviilg a share capilall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year endèd 31 August 2024
income.
.Time based condllions.. whereby the charily ig conlraclually enlilled lo fLinding on the condition that It is ulilised
in a particu18r period. In these cases Ilie charily recognises the income lo the extent il is ulilised within Ilie period
speclfied in the agreement.
Iii 11)0 cibsei)ce ol sucli coiidilions, assui))iiig Ili&l1 receipt is probablc and 11)p. aniouiil can l)e rpliably iiie*cl%lJlO.(I,
graiil Income is recognised once the cl)8rily is notified of enlitleinenl.
Granls received towards Capital expenditure are credited lo the Slalemenl ol Financial Activities when received
or receivable, whlchever Is eartier.
ExpendSlure
Expenditure Is analysed between cosls of charilable aclivilies and raising fund5. The costs of each aclivily are
soparalely accumiilaled and disclosed, and analysed according lo Ihelr major coinponenls. Expenditure is
recogiiised when a legal or conslruclive obligation exists as a resull of a pasl event, 8 transfer af economic
benefits is reoui¥8d in selllemenl and ihe amouiil of Ihe obligalioii can be reliably measured. Support costs are
those funclSons Ihal asslsl the work of th6 charily bul cannot be allribuled lo one aclivity. Sucl) cosls are
allocaled lo aclivilies in proportion lo slalf liine spent or other suitable measure for each aclivily.
Tanglblè f Ixed asset5 and dèprèclatlon
Taiigible fixed assets are slal&d al c051 or ai valualion. less accumulaled depreciation. The charge lo
depreclalion Is calculatèd to Wfile off the original cost or valuaik)n of langlble fixed assets, less 11)eiT esllmaled
residual value, over 11)cir axpecled uselul lives as lollows..
Long leasehold properly
Plant and niaclilnery
Fixtures. filllngs and equipment
Slraighl line over Ille ol leas6
Slraighl line ovei 3 years
201J/o Slraighl line
Leaslng
Renlals payable Linder operating leases are deali wilh in the Incon)e and oxpenditure account as Incurred over
11)e period of the rental agreement.
Debtors
Debtors are recognised al the seiilemenl amounl duÈ alier any discounl ollered. Prepayim8nls are valued al
Ilie amount prepaid nel of ai)y Irade discounts due. Income recognised by the charity from governmeiil agencies
and other co-funders, bul not yel reiVed al financial year end. is included in debtors.
Cash at baiik and In hand
Ctish al bank and In liand c(¥nprises cash on deposit al banks reoulring less than Ihree Inonlhs nolice of
withdrawal.
Taxation and deferred laxalion
No curr8nl or deferred laxalioii arises as Ihe charity has been granted charilable exeinplion. Irrecoverable
value(i added 18x is expensed
continued The Guild for Lifelong Learning Limited IA company limlted by Buarat)tea, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 IMCOME DONATIONS AND LEGACIES Unrestrl¢tèd Re$trlcted Funds Funds 2024 2023 Dondlions individually ILiss Ilian r.1.000 Donations individually more thai) £1.000 VCSFE Grant Co-op Grant Warm Places Grant Manchester Airport Grant CVS Grant 1,695 1.000 665 2,360 1,000 1,000 3,000 2,053 1.000 2.664 1,000 2,664 1,000 2,695 4.329 7.024 9,712 CHARITABLE ACTIVITIES Unrestricted Restrlcted Funds Funds 2024 2023 Grant8 from governments and other co-funders: Classes & Courses Clubs & Societies Cafe 461,821 24,364 36,115 461,821 24,364 36,115 435,407 21,471 34,499 522,300 522,300 491,377 OTHER TRADING ACTIVITIES Unrestrlcted Restrl¢ted Funds Funds 2024 2023 Sundry sales and sponsorship Income from lellin9 and licensing of proparty for non cl)arilable purposes 1,783 2,380 1,783 2,380 600 1,535 4,163 4,163 2,135 INVESTMENTS Unréstrlct¢d Restricted Fiiiids Fuiids 2024 2023 Bank Snleresl 7,939 7.939 3,208 OTHER INCOME Unrestrlcted R8strlcted Funds Funds 2024 2023 Gain on dispos31 of assets Ollier i)me 633 1,713 3.021 3,021 3,021 3,024 2.346 EXPENDITURE RAISING FUNDS Direct Costs Oth8r Costs Support Costs 2024 2023 Fundraising expenses 494 494 664 17
Continued The Guild for Lifelong Learning Limited IA ¢orHpany limllod by 9uaranleè. not having a share capilall NOTES TO THE FINANCIAL STATEMENTS for the financlal year ended 31 Augusl 2024 CHARITABLE ACTIVITIES Dlrèct Costs Othor Costs Support Costs 2024 2023 Courses cosis Groups, Clubs & Societies Cosls Pwosi)eclus & Websilo Marketing & advertising Gross wages & salaries Employers Nl Deflned coi)Irlbullon penslon costs Cafe stock Tralning Ti'avel & subsistence Recruilm8nl expenses Stall benefits DBS checks Rent Rates and water charges Light, heal & power Premises fepoiTs. ¥enewals & mainlenanLe Postage & telephone Sialionery & printing SOfare licences & èxpenses Insurance Cleaning & sundries Cafe projecl HMRC interest Leg81 a profe8sional fees Bank clTrarges Depreciallon & 8morlisallon Governance Costs (Note 4.3) 135,530 26,885 2,260 8,010 285.568 13.910 4,187 9,22Q 135,530 26,885 2,260 8,010 285,568 13,910 4,187 9,220 3,241 44 119,556 28,226 8,664 259,415 11,495 3,205 12,177 4,445 318 200 476 326 80 4,192 14,115 4,114 3,241 44 566 545 40 6,627 12,840 12.586 566 545 40 6,627 12,840 12,586 1,691 2.176 1,691 2,176 2,198 3.037 155 7,020 2,427 3,267 S3 187 11,151 12.227 2.592 7,484 4,187 7.484 4,187 42 672 6,561 12,055 2,904 42 672 6,561 12,055 2,904 485,570 74,261 559,831 517,213 GOVERNANCE COSTS Dlrecl Costs Othgr Costs Support Cogts 2024 2023 Indèpendanl examinallon fee Independeiil examiner oll)er fees 2,760 144 2,760 144 2.592 2,904 2,904 2.592 SUPPORT COSTS Cost of Cliaritable Governan¢e Ralslng Actlvlties Costs Funds 2024 2023 Support 494 71.357 2,904 74,755 73.244 ANALYSIS OF SUPPORT COSTS 2024 2023 Suppori 74,755 73,244 18
continued The Guild for Lifelong Learning Limited IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS lor (he financial year ended 31 Aug4ASt 2024 NET INCOME 2024 2023 Net Income Is stated aftef charglngllcredltlng): tJepreci81ion of lan9ible assets {Surplusl on disposal of tangible fixed assets Opei¢ilii)g lease ien11c Is Land and buildings Independent Examiner's remuneration= Independent examination services lax 8dvisory services 12,055 12,227 16331 40 80 2,760 144 2.592 INVESTMENT AND OTHER INCOME 2024 2023 Sui)dry income Bank interest 3.021 7.939 1,713 10,960 4,921 EMPLOYEES AND REMUNERATION Number of gmployees The 8verage number of persons employed (including executive Iruslees) during the flnanclal year was as follows.. 2024 Number 2023 Nvmber En98ged on chartlable actlvilles 31 31 The slalf costs compiise: 2024 2023 Wages and salaries Soc181 security costs Pension costs 285,568 13,910 4.187 259,415 11,495 3,205 303,665 274,115 No Trustees received expeiises in the year. 19
The Guild for Lifelong Learning Limited continued {A Company Ilmiled by guaranlee, not havlng a share capiial} NOTES TO THE FINANCIAL STATEMENTS for the financial year 8nded 31 August 2024 TANGIBLE FIXED ASSETS Long leasehold property Planl and Flxtures, machlnery flttliigs and equlpmènt Total Al 1 Sepleinber 2023 Additions 370,911 20.429 24,835 6,146 416,175 6,146 Al 31 August 2024 370,911 20.429 30,981 422,321 Depreclatlon Al 1 September 2023 Charge lor the financial year 65.786 7.901 19,189 620 13,394 3,534 98,369 12,055 Al 31 August 2024 73.687 19,809 16,928 110,424 Nat book value AI 31 Au9usI 2024 297,224 620 14,053 311,897 Al 31 August 2023 30Jf,125 1,240 11,441 317,806 10. DEBTORS 2024 2023 Trade debtors Prepaymenls and accru6d Income.. Pension prepayment Other pr8paymenls 20 819 4,421 9,506 9,506 5,260 11. CASH AND CASH EQUIVALENTS 2024 2023 Cash and bank balances C8sII 8quival8nls 134,620 142,926 120,043 138,799 277.546 258,842 12. CREDITORS Ainounls falllng due withln one year Trade cre(Iilors Taxalioi) aiid soclal security cosls Olher credilois Accruals and deferred 5n¢oine'. Pension accrual Ollier dccruals 2024 2023 2,595 4,669 37 4,804 3.8117 150 682 195,417 161,640 203,400 170,481 Deferred income relales lo classes. courses, clubs and societies in Ihe next academic year. 20
continued The Guild for Lifelong Learning Limited IA company limlled by guarantee, not having a share ¢apltal} NOTES TO THE FINANCIAL STATEMENTS for the financlal year ended 31 August 2024 13. PENSION COSTS - DEFINED CONTRIBUTION The charily operales a delined contribution pension scheme. The assets ol the scheme are held separately from thos6 of the charity in an independently administered lund. Pension cost5 amounted lo £4,187 {2023 £3,?.051. Ilny¢li(l L()nlrlbiiliaiis oulslarirlirig al J l Augusl 20211 aiiiounled lo L682 (JI Au9iisI 2023 LO.001. ppaid clIrIbUtIonS al 31 August 2024 amounted lo £O.00131 August 2023 - £8191- RESERVES 14, 2024 2023 At the be9inning of th6 year Deficit for the financial year 411,427 {15,8781 420,526 19,099) Ai Ihe end of the year 395,549 411,427 15, FUNDS 15,1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Reslricted Fui)ds Funds Total Funds At I September 2022 Movement during the financl81 year 372.543 17,313 47.983 (26.4121 420,526 {9.0991 Al 31 August 2023 Movement during Ihe Ilnancial year 389,856 19,019) 21.571 16.8591 411,427 {15,8781 At 31 August 2Q24 380,837 14.712 395,549 15.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 September 2023 Income Expendllure Transfers between funds Balance 31 August 2024 Restricted funds Residenlial Courses Cale Space and Equipmenl Fund Ca(v Salary Fund Jewellery Equipment Fund Bookcase Plaiiue Fund Youlh Mental Health Firsl Aid Fund Manchester Airport Tables Fund CVS Tables Fund Jewellcry Torch Fund 13.707 289 5,602 33 1,000 940 1,104 12,603 289 5.602 33 1.000 480 460 2.664 1,000 665 1,311 1.000 658 1,353 21,571 4.329 11,188 14,712 Unrestricted funds Land & Buildings Fund Slr21egic Reserve Building Repair Fund Unre51ricled General 250.000 80.OLK) 50.000 9.856 250.000 60.000 540,118 549,137 837 389.856 540.118 {549,1371 380.837 Total funds 411,427 544,447 560,325 395,549 21
The Gulld for Lifelong Learning Limited continued IA company Ilmited by ouar8ritee, not having a sharè capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Augusl 2024 Unrestricted Revenue Funds These funds are held for the meeting the objectives of the charily, and lo provide reseN8s lor future activities, aiid subjecl lo charity legislation, are free fr( all reslriclions on their use. Designated Revenue Funds Tlie Iruslees have designated three lunds. Land & Buildings Fund. Funds designated for the prowsion of land and l)uildings lo enable Ihe lulure operalion of the charity. The was no movèment in Ihis lund durin9 the year and the balance in the fund at 31 August 2024 was £250,00012023 £250,000). Siralegic Reserve. Funds designated lo asslsl I1 Guild lo be run down and wound up In an ordorly and responsible lashlon in the event of the guild being financlally unable lo conlinue. There was na movemenl in Ihls fund durlng the year and the balance al 31 August 2024 was £80,000 {2023 £80.0001. 8uilding Repalr Fund. Funds deslgnaled for major building repairs. There was iio movement in Ihls fund duilng Ihe year and the balance at 31 August 2024 was £S0.000 (2023 £50.0001. Rèstrlcted Funds Resideiili<il Courses. Donalion uf £13.707 received from The Lamb Gulld of Holly Royde on Iheir cessdlion for the provision ol residenti81 courses. Café Spaco and Equipmenl Fund Gran15 received towards the provisioii ol communal are¥ and equipmenl lor Ihe Community Cafe. Café Salary Fund Grant 01 £31,908 received from Cheshire East Covid Recovery Fund lowards tl)e costs of a full lime cafe Ifainer and 5upervlsor for 18 months fiom cale opening. Jewellery Equipmenl Fund Reslricled donallon of £750 lowards the purchase of lewellery eqtsipmenl. Bookcase Plaqu8 Fund Reslricled donation of £1,000 lowards Ihe Inslallalion of a book¢ase plaque. Youth Mental Fleallh First Aid Reslrlcled grant of £2,053 for Ihè provision of youth menlal health first aid courses. VCSFE Reslricled grani of £3,IX)O towards Ihe rolè ol VCSFE Lead. Manchester Airport Con)munity Triisl Tablos Fund Reslricled granl of £2,664 lowards the purchase ol tables. CVS Tables Fund Resliicled grant ol £1,000 lowards Ihe purchase of lables. Jewellery Torch Fund Rcslricled ijonalions towards Ihe purchase of a lorth. 15.3 ANALYSIS OF NET ASSETS BY FUND Flxèd assets charity use Current assets Current liablllties Total Reslricled Irusl funds 14,712 14,712 Unreslricled designated funds Unreslricled general funds 242.157 69.740 137,843 134,497 380,000 837 {203,400} 311.897 272.340 {203,400} 380,837 311.B97 287,052 1203,4001 395,549
continued The Guild for Lifelong Learning Limited IA company limited by guaran¢e¥, nol havlng a sliaro capltal} NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year ended 31 Augusi 2024 16. STATUS The charily is a Gompany limiled by guarantee nol having a share capilal. The liabilily of Ihe members is limil?.d. Every member of Ilie company undertakes to contribute lo the assets ol Ilie company in the event of 115 being wound up while they are members, or williin one financial year Iherealler, for Ihe paymer)l of Ihe debts Bnd Ilabililies of Ihe company conlfacled before Ihey ceased lo be members, and Ihe costs, charges and expenses ol winding up, and lor the adjuslmenl of the righls of Ihe conlribulors among Iliemselves. such amount as may ba r6qulred, nol exceeding £ 1. 17, POST.BALANCE SHEET EVENTS There have been no significaiil events affftcling the Charily since Ihe financial y8ar-ei)d. HIGHER PAID STAFF AND TRUSTEE REMUNERATION Shown below for higher paid slff and Iruslees remuneralion are.. tlie number ol employees whose emoluments including laxable beneflls bul excluding employei's pension conlribulions lall into higher i)aid slaff bands., the contributions for the provision ol money purcliase pension for higher paid staff.. Ihe numbers of such staff lo whom benefils are accruing under Inoney purchase pension scliemes., Ihe remuneralion and einployer pensi(Jn coi)Iribulions for Iruslees. 18, 2024 2023 Nuimb8r of employees In band £80,001 10 £90.000 Nuinberof employees in band £90,001 10 £100.000 Conlrlbulions lor the provision ol money purchase pension 2,511 1,793 Niimber ol 8mployèes for whom conlributlons under mney pur¢l)ase pension schemes are accruing Trusleets remLineration gross remiineralion - Ilie PrincipAI TrJslee5 remuneralion employers pension contributions - Ihe Principal 90,150 2,511 81,894 1,793 92,661 83,687 19. NO RELATED PARTY TRANSACTIONS There were no Iraiisa¢lions wilh relaied parties iri ihe year, excepl wilh regard lo Iruslees, remunerallon, whicl) are fiilly dlsclosed in notes above. 23