REGISTERED COMPANY NUMBER: 08430102 (England and Wales) REGISTERED CHARITY NUMBER: 1154487
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024
for LEGADEL
Weissbraun Emanuel Chartered Accountants 220 The Vale Golders Green London NW11 8SR
LEGADEL
Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 9 |
LEGADEL (REGISTERED NUMBER: 08430102)
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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).
Legadel is an non-profit organisation and charity in north-west London that supports young children by providing an early intervention plan, which meets the developmental & educational needs of children failing to thrive and succeed at school.
Through the formulation of a personal plan for each child which includes the necessary input of relevant professionals as well as the support of specially trained Key Workers, these precious children will have bs’d the support they require to help them achieve their maximum potential and enjoy their years at school.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives and aims of the charity and its principal activity is to advance the education of young people by providing and assisting in the provision of facilities (not required to be provided by the local education authority) for education.
Significant activities
Through our network of professionals and key workers, Legadel offers a pool of resources in schools to support children across both Kodesh and Chol curricula.
Speech and Language Therapy Occupational Therapy Specialist Literacy Teachers Specialist Hebrew Reading Teachers Specialist Numeracy Teachers Consultations with a Child & Educational Psychologist Key Workers providing Developmental Support Parental / Educational Workshops After school music lessons
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Company's aims and objectives and in planning future activities and setting the grant making policy for the year.
FINANCIAL REVIEW
Financial position
During the year the charity received £350,138 (2023: £364,437) in donations and grants, spent £417 (2023: £11,724) on fundraising and £364,717 (2023: £393,548) on charitable activities which were primarily the costs associated with paying staff and external consultants who provide the support the charity offers. At the end of the year, there was a deficit of £53,112 (2023: £38,116).
Reserves policy
The charity aims to maintain reserves in order that it is in a position to continue its activity to advance the education of young people at a consistent level and to cover contingencies.
The present level of funding is adequate to support the continuation of the advancement of the education of young people, and the trustees consider the financial position of the charity to be satisfactory.
FUTURE PLANS
The trustees plan to continue to advance the education of young people and provide and assist in the provision of facilities (not required to be provided by the local education authority) for education.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 1
LEGADEL (REGISTERED NUMBER: 08430102)
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024
The charity is constituted as a company limited by guarantee and as such its governing documents are its Memorandum and its Articles of Association.
Recruitment and appointment of new trustees
Membership of the charity is open to any individuals or organisations who: a) apply to the charity in the form required by the trustees; b) is approved by the trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
08430102 (England and Wales)
Registered Charity number 1154487
Registered office
First Floor, Winston House 349 Regents Park Road London N3 1DH
Trustees
Mr R Gutwirth Mr Y Schwartz Mrs E Schwartz Mr S Gross Mr A Y Melinek Mrs S R Lisser Mr A Denderowicz
Independent Examiner
Weissbraun Emanuel Chartered Accountants 220 The Vale Golders Green London NW11 8SR
Bankers
LLoyds 8 Golders Green Road London NW11 8LJ
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 27 January 2025 and signed on its behalf by:
Mr A Y Melinek - Trustee
Page 2
Independent Examiner's Report to the Trustees of Legadel (Registered number: 08430102)
Independent examiner's report to the trustees of Legadel ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the 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 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 2011 ('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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Michael Weissbraun, FCA
Weissbraun Emanuel Chartered Accountants 220 The Vale Golders Green London NW11 8SR
29 January 2025
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LEGADEL
Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 350,138 EXPENDITURE ON Raising funds 417 Charitable activities Charitable activities 364,717 Total 365,134 NET INCOME/(EXPENDITURE) (14,996) RECONCILIATION OF FUNDS Total funds brought forward (38,116) TOTAL FUNDS CARRIED FORWARD (53,112) |
2023 Total funds £ 364,437 11,724 393,548 405,272 (40,835) 2,719 (38,116) |
|---|---|
The notes form part of these financial statements
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LEGADEL (REGISTERED NUMBER: 08430102)
Balance Sheet 31 MARCH 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Intangible assets 5 3,308 Tangible assets 6 - 3,308 CURRENT ASSETS Cash at bank 1,781 CREDITORS Amounts falling due within one year 7 (27,368) NET CURRENT ASSETS/(LIABILITIES) (25,587) TOTAL ASSETS LESS CURRENT LIABILITIES (22,279) CREDITORS Amounts falling due after more than one year 8 (30,833) NET ASSETS/(LIABILITIES) (53,112) FUNDS Unrestricted funds (53,112) TOTAL FUNDS (53,112) |
2023 Total funds £ 4,663 536 5,199 11,845 (19,327) (7,482) (2,283) (35,833) (38,116) (38,116) (38,116) |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 January 2025 and were signed on its behalf by:
Mr A Y Melinek - Trustee
The notes form part of these financial statements
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LEGADEL
Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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LEGADEL
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 536 | 2,549 |
| Computer software amortisation | 4,005 | 4,122 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| Educational staff | 5 | 6 |
No employees received emoluments in excess of £60,000.
5.
INTANGIBLE FIXED ASSETS
| INTANGIBLE FIXED ASSETS | |
|---|---|
| Computer | |
| software | |
| £ | |
| COST | |
| At 1 April 2023 | 12,365 |
| Additions | 2,650 |
| At 31 March 2024 | 15,015 |
| AMORTISATION | |
| At 1 April 2023 | 7,702 |
| Charge for year | 4,005 |
| At 31 March 2024 | 11,707 |
| NET BOOK VALUE | |
| At 31 March 2024 | 3,308 |
| At 31 March 2023 | 4,663 |
continued...
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LEGADEL
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
| 6. TANGIBLE FIXED ASSETS Fixtures and Computer fittings equipment £ £ COST At 1 April 2023 and 31 March 2024 3,139 8,705 DEPRECIATION At 1 April 2023 3,139 8,169 Charge for year - 536 At 31 March 2024 3,139 8,705 NET BOOK VALUE At 31 March 2024 - - At 31 March 2023 - 536 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Bank loans and overdrafts (see note 9) 5,000 Social security and other taxes 681 Other creditors 17,858 Pension 306 Accruals and deferred income 3,523 27,368 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 £ Bank loans (see note 9) 30,833 9. LOANS An analysis of the maturity of loans is given below: 2024 £ Amounts falling due within one year on demand: Bank loans 5,000 Amounts falling between one and two years: Bank loans - 1-2 years 5,000 Amounts falling due between two and five years: Bank loans - 2-5 years 15,000 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 10,833 |
Totals £ 11,844 11,308 536 11,844 - 536 2023 £ 5,000 (810) 11,158 456 3,523 19,327 2023 £ 35,833 2023 £ 5,000 5,000 15,000 15,833 |
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continued...
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LEGADEL
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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