Charity Registration No. 1157681 Company Registration No. 08704381 (England and Wales)
North East Learning Provider Network Limited Unaudited Financial Statements For the period ending 31[st] July 2025
North East Learning Provider Network Limited For the period ending 31[st] July 2025
Legal and administrative information
Trustees Steven Reay Denise Wilson Emma Barret Peel Andrew Cumiskey Karen Routledge Judith Moran – Resigned 6[th] November 2014 Company number 08704381 Charity number 1157681 Registered office C/o Springboard Sunderland Trust Alec Dickson Centre Rivergreen Industrial Estate Sunderland SR4 6AD
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
Contents
Trustees report - 4
Statement of financial activities - 7
Balance sheet - 8
Notes to the financial statements - 10
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
Trustees report
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
North East Learning Provider Network Limited is a company limited by guarantee, governed by its Memorandum and Articles of Association incorporated 24th September 2013 as amended by special resolution dated 16th June 2014 and 28th October 2014. The company's registration number is 08704381 (England and Wales). It is registered as a charity with the Charity Commission, number 1157681. There are currently seven members, each of whom agrees to contribute £10 in the event of the charitable company winding up.
Recruitment and appointment of new trustees
The number and skills of the trustees are regularly reviewed, and gaps identified. Existing members then approach suitable candidates who are invited to attend trustee meetings initially as observers before being formally invited to join the board following discussion and references. It was agreed at a Trustee meeting dated 29th September 2022 that Steve Reay should be appointed Trustee, and following the recent merger with a smaller network, that at least one more Trustee would be recruited.
Induction and training of new trustees
Trustees are given a brief history of North East Learning Provider Network Limited and are encouraged to become involved in activities. All members receive Charity Commission publications in order to keep them up to date with their role and responsibilities.
Organisational structure
The charitable company is organised so that trustees meet at least three times per year to review its affairs and set objectives. Day-to-day activities are co-ordinated by a Management Group of up to 10 representatives from member companies who meet bi-monthly; with dayto-day activities controlled by the self-employed Chair and Executive Officer.
Risk Management
A risk register is maintained and subject to regular review.
Policies
Policies are reviewed on an annual basis and available via the website.
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of education and training in Northumberland, Tyne and Wear and County Durham bringing together Learning Providers to promote and provide collaboration in support of vocational, work-based and work-related learning provision in the area of benefit; the sharing of good practice; and working with key partners and stakeholders to promote and improve the provision.
Charitable activities
The charitable company is funded by membership subscription and corporate sponsorship.
Accommodation strategy
The charitable company rents accommodation on an ‘as needed’ basis, currently to host its training course or event schedule for its membership.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees, who are also directors of North East Learning Provider Network Limited for the purposes of company law, are responsible for preparing the Report in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements 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 that period.
In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and apply them consistently;
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Observe the methods and principles in the charity SORP;
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Make judgements and estimates that are reasonable and prudent;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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:
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
In so far as the trustees are aware:
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There is no relevant audit information of which the charitable company’s independent examiner is unaware; and
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The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
Trustees
Steven Reay Denise Wilson Emma Barret Peel Andrew Cumiskey Karen Routledge
The trustees’ report was approved by the Board of Trustees:
Signed:
Trustee: Date:
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
Statement of financial activities
Income and expenditure account
| Notes Income from: Membership/services 2 Other income 3 Total Income Expenditure on: Charitable activities 4 Total resources expended Net income for year/ Net movement in funds Fund balances at start of year Fund balances at end of year |
Restricted Funds 2025 £ - - |
Unrestricted Total Funds 2025 2025 £ £ 10,764 10,764 - - |
Restricted Funds 2024 £ - - |
Unrestricted Funds 2024 £ 27,705 - |
Total 2024 £ 27,705 - |
|---|---|---|---|---|---|
| - | 10,764 10,764 |
- | 27,705 | 27,705 | |
| - | 17,611 17,611 |
- | 18,138 | 18,138 | |
| - | 17,611 17,611 |
- | 18,138 | 18,138 | |
| - - |
(6,847) (6,847) 18,826 18,826 |
- - |
9,567 9,259 |
9,567 9,259 |
|
| - | 11,979 11,979 |
- | 18,826 | 18,826 |
The statement of financial activities includes activities all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
Balance Sheet
| Notes Current assets Debtors 6 Cash at bank and in hand Creditors: amounts falling due within one year 7 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets Income funds Unrestricted funds Restricted funds |
2025 £ 1,959 11,380 |
£ 11,979 |
2024 £ 8,275 11,271 |
£ 18,826 |
|---|---|---|---|---|
| 13,339 (1,360) |
19,546 (720) |
|||
| 11,979 - |
18,826 - |
|||
| 11,979 | 18,826 | |||
| 11,979 - |
18,826 - |
|||
| 11,979 | 18,826 |
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
Balance Sheet (continued)
The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2025.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small company’s regime.
The financial statements were approved by the Trustees on .........................
.............................
Trustee:
Company Registration No. 08704381
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
Notes to the financial statements
1 Accounting policies
Company information
Charity Name is a Charity Incorporated Organisation incorporated in England and Wales. The registered office is C/o Springboard Sunderland Trust, Alec Dickson Centre, Rivergreen Industrial Estate, Sunderland, SR4 6AD
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
Notes to the financial statements (continued)
1.4 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.
1.5 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.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Financial intruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
Notes to the financial statements (continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.9 Taxation
The charity is exempt from corporation tax on its charitable activities.
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
Notes to the financial statements (continued)
2 Memberships and Services
| Memberships Other income Other income |
Restricted Unrestricted Total Restricted Unrestricted Total Funds Funds Funds Funds 2025 2025 2025 2024 2024 2024 £ £ £ £ £ £ - 10,764 10,764 - 27,705 27,705 |
Restricted Unrestricted Total Restricted Unrestricted Total Funds Funds Funds Funds 2025 2025 2025 2024 2024 2024 £ £ £ £ £ £ - 10,764 10,764 - 27,705 27,705 |
|---|---|---|
| - 10,764 10,764 - 27,705 27,705 |
||
| Restricted Unrestricted Total Restricted Unrestricted Total Funds Funds Funds Funds 2025 2025 2025 2024 2024 2024 £ £ £ £ £ £ - - - - - - - - - - - - |
3 Other income
4 Charitable activities: Expenses
| Executive Officer Duties Use of home Administration Costs Accountancy Membership Analysis by funds Unrestricted funds Restricted funds |
Charitable Activities 2024 £ 13,202 520 3,169 120 600 17,611 17,611 - 17,611 |
Charitable Activities 2024 £ 14,778 - 2,760 - 600 |
|---|---|---|
| 18,138 | ||
| 18,138 - |
||
| 18,138 |
5 Employees
Average number of employees: 2025: 0 2024 : 0
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North East Learning Provider Network Limited For the period ending 31[st] July 2025
Notes to the financial statements (continued)
6 Debtors
| Amounts due within 1 year Trade debtors |
2025 £ 1,959 1,959 |
2024 £ 8,275 |
|---|---|---|
| 8,275 |
7 Creditors: amounts falling due within 1 year
| Amounts due within 1 year Directors loan account Accruals and deferred income |
2025 £ 520 840 1,360 |
2024 £ - 720 |
|---|---|---|
| 720 |
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