## **LLOYD EIST FOUNDATION** **UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2023** Charity Number 1153977 ## **LLOYD EIST FOUNDATION** ## **UNAUDITED FINANCIAL STATEMENTS** ## **YEAR ENDED 31 AUGUST 2023** |**CONTENTS**|**PAGE**| |---|---| |The report of the Trustees|**1**| |Statement of financial activities|**4**| |Balance sheet|**5**| |Notes to the financial statements|**6**| ## **LLOYD EIST FOUNDATION** ## **THE REPORT OF THE TRUSTEES** ## **YEAR ENDED 31 AUGUST 2023** The Trustees submit their annual report and the financial statements for the year ended 31 August 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2019 in preparing the annual report and financial statements of the charity. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Charity Name Lloyd Eist Foundation Charity Number** 1153977 **Registered Office** 146-154 Wells Way Camberwell London SE5 7SY **The Trustees** V J Eist K P Eist D Abbott V Eist P Williams P Fenner A M Wright **Bankers** Lloyds Bank 364-366 Lordship Lane East Dulwich London SE22 8NA **- 1 -** ## **LLOYD EIST FOUNDATION** ## **THE REPORT OF THE TRUSTEES** _**(continued)**_ ## **YEAR ENDED 31 AUGUST 2023** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is constituted as a charitable incorporated organisation, and is therefore governed by a constitution. If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. ## **Recruitment and appointment of the Trustees** Trustees are appointed to the Board for a period of three years after which they may offer themselves for reelection. The Board look to recruit new members on an ongoing basis. ## **Trustees’ induction and training** There is no formal induction and training process. New Trustees are recommended to read the various Charity Commission publications directed to new trustees and to ask any questions that they might have regarding the operations of the charity, its funding and their responsibilities as charity trustees. ## **Organisation structure** The CIO is organised so that the Trustees meet regularly to manage its affairs. The day to day administration of the charity is carried out by the manager who is also a trustee. ## **The Trustees** The Trustees who served the charity during the year were as follows: V J Eist K P Eist D Abbott D Robb V Eist P Williams P Fenner A M Wright ## **Risk management** The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to those risks. ## **OBJECTIVES AND ACTIVITIES** The objects of the Charity are to provide welfare and charitable services to young people, especially but not exclusively though leisure time activities, so as to develop their capabilities that they may grow to full maturity as individuals and members of society. The Charity meets it’s charitable objectives by providing grants to cases which meet the objects of the charity. The Charity is principally funded by charitable donations. The Charity’s principal expenditure is on grants. The Charity had a deficit in the year of £1,682. The Trustees are considering new projects which will develop the Charity’s activities. **- 2 -** ## **LLOYD EIST FOUNDATION** ## **THE REPORT OF THE TRUSTEES** _**(continued)**_ ## **YEAR ENDED 31 AUGUST 2023** ## **FINANCIAL REVIEW** The statement of financial activities shows a net deficit for the year of £1,682 and reserves at 31 August 2023 of £45,520. The present level of funding is adequate to support the continuation of the operation of the charity for the medium term and the Trustees consider the financial position of the company to be satisfactory. ## **Reserves policy** It is the policy of the charity to maintain unrestricted income funds at a level which provides sufficient funds to cover any unexpected reduction in income or additional, non-recurring expenditure. The Trustees currently consider that the necessary level of reserves equates to approximately twelve months recurring unrestricted expenditure. Registered office: 146-154 Wells Way Camberwell London SE5 7SY V J Eist Approved by the Trustees on 29 May 2024 **- 3 -** ## **LLOYD EIST FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)** ## **YEAR ENDED 31 AUGUST 2023** |Notes
INCOMING RESOURCES
**Incoming Resources from generated funds:**
**Voluntary Income**
Grants & donations
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of generating funds
Fundraising trading costs
Direct charitable expenditure
3
Governance Costs
3
TOTAL RESOURCES EXPENDED
--
NET MOVEMENT IN FUNDS
FUND BALANCES BROUGHT FORWARD
AT 31 AUGUST 2022
FUND BALANCES CARRIED FORWARD
AT 31 AUGUST 2023|2022
2023
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£ -
£ - £ - £ -
------------
------------
------------ ------------
-
-
-
-
=======
=======
======= =======
-
-
-
-
-
-
-
-
1,500
-
1,500
4.460
182
-
182
183
-------------
------------
------------ ------------
1,682
-
1,682
4,643
--------------
--------------
-------------- ------------
(1,682)
-
(1,682) (4,643)
£ 45,520
£ -
£ 45,520 £ 50,163
£ 43,838
£ -
£ 43,838 £ 45,520
**=======**
**=======**
**======= =======**| |---|---| **- 4 -** ## **LLOYD EIST FOUNDATION** ## **BALANCE SHEET** ## **31 AUGUST 2023** |**Note**
**CURRENT ASSETS**
Cash at bank
**NET CURRENT ASSETS**
**NET ASSETS**
**RESERVES**
Income and expenditure account 4.|**2023**
**£**
43,838


|**£**

43,838

43,838
43,838
43,838|2022
£
45,520
45,520
45,520
45,520
45,520| |---|---|---|---| These financial statements were approved by the Council of Management and authorised for issue on 29 May 2024 and are signed on their behalf by: V J Eist **- 5 -** ## **LLOYD EIST FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31 AUGUST 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, and in accordance with applicable accounting standards, and the Statement of Recommended Practice, “Accounting and Reporting by Charities” issued in March 2019 (SORP 2019). ## **Incoming resources** All income is accounted for on a cash basis, that is to say it is credited to income account only on receipt. **Resources expended** Resources expended by the charity are accounted for on an accruals basis, including VAT where applicable **Presentation of financial statements** The standard format for the accounts has been adapted to provide more appropriate information which complies with the Statement of Recommended Practice (SORP 2019) "Accounting by Charities". **Deferred income** Incoming resources are deferred when the conditions on which they may be received are not yet satisfied. ## **2. TOTAL RESOURCES EXPENDED** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Project| |Costs|Governance|2023|2022| |£|£|£|£| |Costs directly| |allocated to charitable activities| |Grants|1,500|-|1,500|4,460| **----- End of picture text -----**
## **3. CHARITABLE STATUS** The company is a registered charity (No 1153977). ## **4. UNRESTRICTED FUNDS OF THE CHARITY** **----- Start of picture text -----**
||||| |---|---|---|---| |2023|2023|2023|2022| |Unrestricted|Restricted|Total|Total| |Funds|Funds|Funds|Funds| |At 1 September 2022|45,520|- 45,520 50,163| |Deficit for the financial year|(1,682)|- (1,682) (4,643)| |Transfers between funds|-|-|-| |------------|------------|------------ ----------| |At 31 August 2023|£ 43,838|£ - £ 43,838 £45,520| |=======|======= ======= =======| **----- End of picture text -----**
## **5. ANALYSIS OF NET ASSETS BETWEEN FUNDS** **----- Start of picture text -----**
||| |---|---| |Net Current| |Assets/| |Liabilities| |Unrestricted Funds|£ 43,838| **----- End of picture text -----**
**- 6 -**