Company registration number: 8822560 Charity registration number.. 1160971 Leaps and Bounds Community Project (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2024 Batchelor Coop Ltd Chartered Accountants The New Barn, Mlll Lane Eastry, Sandwich CT13 OJW
Leaps and Bounds Community Project Contents Reference and Administrative Details Trustees, and Directors, Report 2to7 Independent Examinels Report statement of Financial Activitles Balance Sheet 10 Notes to the Financial Statements 11to20
Leaps and Bounds Community Project Reference and Administrative Details Tru8tees J P Abbott, Chairman L Mussett C Matley J P Abbott Secretary Senior Management I Leadership Team D Smith, Project Manager Charity Registration Number 1160971 Company Registration Number 8822560 The charity is incorporated in England, 64-66 Southwall Road Deal Kent CT14 9AQ Mark Batchelor BSC FCA Batchelor Coop Ltd Chartered Accountants The New Barn, Mill Lane Eastry, Sandwich CT13 OJW Registered Office Independent Examlner Bankers Nat West High Street Deal CT14 6EW Page 1
Leaps and Bounds Community Project Trustees. and Directors, Report The directors, who are all trustees of Leaps and Bounds Community Project I'the Charity.) for the purposes of the Companies Act, submit their annual report and the financial statements of the Charity for the year ended 31 December 2022. The directors confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the charity's goveming document and the provisions of the Statement of Recommended Practice. Accounting and Reporting by Charities" IFRS 102). Structure, governance and management Nature of governing document The organisation is a Charitable Company limited by guarantee, incorporated on 20 December 2013 and registered as a charity on 18 March 2015. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10. Recrultment and appointment of trustees The directors of the company are also charity trustees for the purposes of charity law and under the Company's Articles are known as members of the Management Committee. All members of the Management Committee give their time voluntarily and receive no benefits from the charity. There is a spread of experience of business and those with an interest and specialist training with the learning disabled and includes a trustee who son attends the project. We are seeking a further trusteels to enhance the experience and contributions to the charity. The charity has policies and procedures in place for the recruiting, induction and training of new trustees. Organisational Structure The Project is run by a salaried Project Manager with part-time support staff who are employed by the charity together with volunteers. The need to take each client's individual disability into account means that a high ratio of staff to clients is desirable, particularly if clients are prone to suffer from epilepsy, require monitoring for diabetes during the course of the day or have seizures. We have a small group of very loyal volunteers who work under the direction of the qualified staff. From time to time the charity is asked to assist with work experience placements and as a consequence has developed induction training for those who spend a short time with the project. Leaps and 8ounds seeks to be a great employer and the trustees made a decision in 2022 to pay at least the National Living Wage going foward, provided finances allowed. At the end of 2024 it was agreed to once again increase pay in line with inflation and the new Labour government's stated aim for the living wage to rise to £12.21 per hour. As a result, staff will be paid £12.50 per hour from January 2025. As well as demonstrating our thanks and support for our dedicated team, this rate of pay means that when we recruit, we have a very competitive rate compared to other potential employers. All staff and volunteers are trained to the required level in various core competencies and further training is provided in addition, where client's needs mean that specialist support is needed. Individual training plans are agreed and monitored during 1-1 meetings and the bi-annual staff reviews with the Project Manager and Chairman. Page 2
Leaps and Bounds Community Project Trustees, and Directors, Report Objectives and activities Objects and aims In reviewing our aims and activities we believe that the focus of our work in the last 12 months has retained its emphasis on our key objectives and benefits. Our charity's purposes, as set out in the objects contained in the company's Memorandum of Association, are,. To relieve the needs of adults with learning and or physical disabilities in particular by providing training, skills and support that will enable them to develop their life, social and educational skills and promote their greater independence. Objectlves, strategies and actlvlties Leaps and Bounds Community Project is an activity hub aiming to encourage healthier living and greater independence to our client base. The project offers a range of craft-based and other activities within a fully supported setting a5 well as an opportunity for clients to become involved in community craft fairs held locally. This variety of provision Is unique to this area of South East Kent and is supported by Social Services. The Project enjoyed an increasing client base durlng the reporting year. Some clients attend for as little as one half day week, others as much as four days. With the reduction of other local services we have seen an increase in the number of 1-1 clients we serve within the project. These clients, together with the general increase in service users, means that we have recruited several more staff and volunteers during the year. The age range of the clients is from age 21-60. Around a third of our clients have been with the project for more than 10 years so they have become firmly established and enjoyed continuity and community during that time. New clients are quickly accepted and welcomed by the others. Page 3
Leaps and Bounds Community Project Trustees, and Directors, Report Achievements and performance The provision of actual activities is as follows.. When specialist education provision comes to an end, the risk to vulnerable adults who have been used to socialising within a school environment, is that they can become withdrawn and socially isolated. Leaps and Bounds provides a safe, friendly and inspiring space for clients to socialise and develop strong friendships. The project is totally committed to the social welfare and integration of its service users and a warm atmosphere with much laughter and fun is generally the order of the day. The charity recognises the importance of creating a supportive community within the project, so client birthdays and other special events are celebrated and shared as special days. For their parents or carers, some precious time to spend as they wish, once the client's formal education has finished, benefits their own well-being, as well as promoting the continuing independence and development of the clients. There will be some clients who get to a point where they can move into supported living accommodation once they have the requisite life skills to do so. Continuing to attend some day care sessions is very helpful to their well-being in making this transition. Alongside the day services, Leaps and Bounds are progressing plans to offer a supported living and respite resource for clients and their carers in the years ahead. The variety of craft activities which are available to clients inclLsdes, ceramic painting, cross stitch and latch rug making, crochet, card making, work with drift wood, simple sewing, beadwork. macramé and many more. The art therapies are helpful in aiding concentration, promoting mental well-being and a sense of achievement. Originally a craft-based initiative selling craft from a shop, the Project outgrew its original location and has been settled in its present location for the last 9 years. The clients now sell craft items through local Artisan Fairs, Facebook and through a local shop when possible. The level of ceramic work carried out within the centre has increased in recent years and continues to be a great source inspiration and involvement for the clients. The clients help with the planning. preparation and sharing of a healthy lunch happens on a daily basis. The focus is on teaching how to make a well-balanced meal at a low cost. The safe preparation of food is also taught with some clients able to take a Food Hygiene Course; a key life skill and one promoting increased independence. The charity benefits from fresh produce, particularly fruit and vegetables donated to the project under a partnership with the nearest local supermarkets, who would otheiSe have to pay for it to go in to landfill once the sell by date has been reached. The clients are taught to prep all kinds of fresh vegetables and homemade soups, curries and casseroles are often served for lunch. Craft fairs at St Georges Hall in the town centre have continued to provide a further outlet and engagement opportunity for clients. It is unclear whether this venue will be available in 2025, so consideration is being given to the running of craft fairs next year. We have continued to take on new clients and the necessary volunteers and staff to run the project. This has meant that the financial position of the has been further strengthened during 2024. Not only do we now have reserves which would allow us to cover 3-6 months of operating costs, we have also been able to put money away towards the fit out costs of the proposed new building we hope to occupy alongside our sister charity Community Church Deal. Full planning permission is expected to be achieved in 2025. The Ford Tourneo vehicle purchased in 2023 has continued to provide additional opportunities for clients to engage with the community and was a great investment in hindsight. Page 4
Leaps and Bounds Community Project Trustees, and Directors. Report Financial review We ended the year with income exceeding expendittjire creating a surplus of £15,667, Our reserves brought forward from 2023 amounted to £112,910 giving a cumulative resetves at 31 December 2024 of £128,577. We ended the year with £13,310 in the Current Account and £101,497 in the Reserve Account £14,000 of this is a restricted fund for the delivery of the supported living unit. Policy on reserves The Board's aim to have reserve funds in place to meet unexpected expenditure or downturn in client attendance. Our aim is to have 3-6 months of operational costs covered at any given time. Income projections suggests that this can now be malntained long term. Prlncipal funding sources The income for the ongolng work of the project comes largely from the County Council through Social Services funding, Sessions are approved by Care Managers Care allowances or, in some cases, the clients are free to buy in day care attendance through their Personal Independence Payment. Session costs are fixed by Social Services and have only seen a very small increase since the Project's formation. The current KKC financial position means we do not expect any increases to be introduced in 2025. Despite this, the increased client base and hard work of our employees and volunteers has meant Leaps and Bounds is in a very secure position financially. Investmont pollcy and objectives The Board is committed to transferring any surplu5 capital whenever possible into our Reserve Account in order to provide future security for the project and to allow purchases of equipment and resources as and when required. In addition, this reserve funds will help to provide the capllal required to supply additional benefit to our service users in the proposed new building and supported living unit. Fundralslng disclosures Profits from the Fundrasing Social generated funds of £nil (2023 £860). Public benefit The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 5
Leaps and Bounds Community Project Trustees. and Directors, Report Plans for future periods Aims and key objectives for future periods The redevelopment of the current site by Community Church, Deal, will likely lead to much improved facilities as part of a new community hub and church facilities. Current estimates would suggest that work may commence in 2025, but maybe more realistically in 2026. Originally, we planned to build a supported living unit, that could provide respite care and long term supported living for clients, as some are now approaching the age where parents and carers need to think about future plans. Towards the end of 2024, the house next door to the project became available for sale and one of the Trustees of Leaps and Bounds is now in the process of seeking to acquire that house, with the view to Leaps and Bounds then operating it as a supported living unit, subject to planning and building work being carried out. We already have three potential client for the supported living unit. Small company provisions This report has been in accordance with the small companies, regime under the Companies Act 2006. Reappointment of independent examiner Batchelor Coop were appointed as the charitable company's independent examiners during the year and they have expressed their willingness to continue in that capacity. Page 6
Leaps and Bounds Community Project Trustees. and Directors, Report Statèment of Responsibilltles Statement of Trustee's Responsibilities The trustees (who are also the directors of Leaps and 8ounds Community Project for the purposes of company lawl are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 its income and expenditure, of the charitable company for that period. In preparlng these financicil 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 accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explairied in the financial statements., and 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 that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable Steps for the prevention and detectlon of fraud and Other Irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on 1 April 2025 and signed on its behalf by JPAbbo Company Secretary and Trustee L Mussett Trustee Page 7
Leaps and Bounds Community Project Independent Examiner's Report to the trustees of Leaps and Bounds Community Project ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and basls 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 20061'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(5llbl of the 2011 Act. Independent examiner's statement 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.. {1) accounting records were not kept in respect of the company as required by section 386 of the 2016 Act- or 12) the accounts do not accord wilh those accounting records., or (31 the accounts do not comply with the accounting requirements of section 396 of the 2016 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 acwunting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of I reland {FRS1021] 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, This report is made soley to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permissible by law, I do not acPt or assume any responsibility to anyone other than the Chaiity and The Charity'5 Trustees as a body, for wor or for Is report, Mark Batcheior BSC FCA Independent Examiner Chartered Accountant Batchelor Coop Ltd Chartered Accountants The New Barn, Mill Lane Eastry, Sandwich CT13 OJW 14 April 2025 Page 8
Leaps and Bounds Community Project Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total Unrestrlcted 2023 Total 2024 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 3.830 189,747 3,830 189,747 28,982 156,529 860 740 1,233 1,233 Totsl Income 194,810 194,810 187,111 Expenditure on: Charitable activities Management and administration Governance costs 1162,385) 16,000) 1188,385) (136,322) 16,1971 (4,561 16,197) 4,561 {9,020) 4,254 Total Expenditure Net incomel{expenditurel Net movement in funds 1173,143) 16,000) (179,143) 149,5961 21,667 6,0001 15,667 37,515 21,667 (6,0001 15,667 37,515 Reconciliatlon of funds Total funds brought forward Total funds carried forward 92,910 20,000 14,000 112,910 128,577 75,395 20 114,577 112,910 All of the charity's activities derive from continuing operations dLtring the above periods. The funds breakdown for 2024 is shown in note 20. The notes on pages 11 to 20 form an integral part of these financial statements. Page 9
Leaps and Bounds Community Project (Registration number: 8822560) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets 14 15,753 18,811 Current assets Debtors Cash at bank and in hand 15 16 5,615 115,348 120,963 11,676 86,494 98,170 Creditors: Amounts falling due within one year 17 (8,139} {4,0711 Net current assets 112,824 94,099 112,910 Net assets 128,577 Funds of the charity: Restricted income funds Restricted funds 20 14,000 20,000 Unrestrlcted income funds Unrestricted funds 114,577 92,910 Total funds 20 128,577 112.910 For the financial year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476., and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 9 to 20 were approved by the trustees, and authorised for issue on 1 April 2025 and signed on their behalf by.. J P Abbott Company Secretary and Trustee C Matley Trustee The notes on pages 11 to 20 form an inlegral part of these financial statements. Page 10
Leaps and Bounds Community Project Notes to tha Financial Statements for the Year Ended 31 Decamber 2024 1 Charity status The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. The address of its registered office is- 64-66 Southwall Road Deal Kent CT14 9AQ 2 Accountlng policles Summary of signlflcant accounting policies and key accounting estlrnates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared In accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice {applScable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP IFRS 102)), the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006, Basis of preparation The financial statements have been prepared under the historical cost conventlon in accordance wlth appllcable United Kingdom Accounting Standards, the Charity Commisslon 'Statement of Recommended Practice.. Accountlng and Reporting by Charities, ISORPI, the Financial Reporting Standard 102, and the Companies Act 2006. A summary of the principal accounting policSes, which have been applied consistently, except where noted, is set out below. Golng concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments Revenue is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Page11
Leaps and Bounds Community Project Notes to the Financial Statements for the Year Ended 31 December 2024 Donatlons and legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met. or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenije are recognised in income over the period in which the related costs are recognised. Grants relating to assets are deducted from the asset's carrying amount. Expenditure Liabilities are recognised as soon as there is a le9al or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charltable activitles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs These include the costs attributable to the Charity's compliance with constitutional and statutory requirements, including the cost and examination of the accounts, strategic management and Trustee's meetings and reimbursed expenses. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance AGt 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Page 12
Leaps and Bounds Community Project Notes to the Financial Statements for the Year Ended 31 December 2024 Tangible fixed assets Individual fixed assets costing £100 or more are initially recorded at cost. Depreciation and amortlsation Deprecialion is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected Ljseful economic life as follows.. Asset class Furniture and equipment Depreclation method and rate 15 % reducing balance basis Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted lo that area or purpose. Pensions and other post retirement obligations The charily operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund anil the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contributlon plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. Debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquld investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Creditors Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least te1ve months after the reporting date. If there is an unconditional right to defer settlement for at least e1ve months after the reporting date, they are presented as non-current liabilities. Page 13
Leaps and Bounds Community Project Notes to the Financial Statements for the Year Ended 31 December 2024 3 Income from donations and legacies Unrestricted funds General Total 2024 Total 2023 Donations and legacies-, Donations from individuals Gift aid reclaimed Grants, including capital grants., Donations from community groups 3,577 253 3,577 253 22,201 5,455 1,326 3,830 3,830 28.982 4 Income from charitable activities Unrestricted funds General Total 2024 Total 2023 Sales of goods Clients fees Clients sessions 5,693 180,065 3,989 189,747 5,693 180,065 3,989 189,747 4,472 147,855 4,202 156,529 5 Income from other trading activities Total funds Total 2023 Fundraising 860 860 6 Investment income Unrestricted funds General Total 2024 Total 2023 Interest receivable and similar income., Interest receivable on bank deposits 1,233 1,233 740 Page 14
Leaps and Bounds Community Project Notes to the Financial Statements for the Year Ended 31 December 2024 7 Expenditure on charitable activities Unrestrl¢ted funds General Total 2024 Total 2023 Restricted Purchases Clients outings Catering Wages and salaries Support workers Stall hire Bad debts written off Pension costs Legal and professional fees Rent Motor expenses Depreciation of fixtures and fittings Depreciation of motor vehicles (Profit)Iloss on sale of tsngible fixed assets held for charity's own use 2,689 344 2.187 26,564 94,707 500 4.238 1,044 2,689 344 2,187 26.564 94,707 500 4,238 1,044 6,000 22,200 3,289 3,896 1,719 24,753 73,400 440 3,583 609 6,000 22,200 3,289 21,800 650 1,394 3,094 1,394 3,094 1,347 4,125 135 135 162,385 6,000 168,385 136,322 Page 15
Leaps and Bounds Community Project Notes to the Financial Statements for the Year Ended 31 December 2024 8 Management and administratlon Unrestricted funds Total 2024 Total 2023 General Marketing and publicity Repairs and maintenance Entertaining Staff training Insurance Telephone and fax Printing, postage and stationery Sundry expenses Cleaning Travel and subsistence Bank charges 486 1.065 606 102 905 435 464 181 1,440 231 282 486 1,065 606 102 905 435 464 181 1,440 231 282 4,425 715 284 861 277 187 293 1,474 408 96 6,197 6,197 9,020 9 Analysis of governance and support costs Governance costs Unrestricted funds Total 2024 Total 2023 General Accountancy and examination fees Bookkeeper 3,128 1,433 4,561 3,128 1,433 3,126 1,128 4,254 4,561 10 Trustees remuneration and expenses No trustees, nor any persons connected with them. have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page 16
Leaps and Bounds Community Project Notes to the Financial Statements for the Year Ended 31 December 2024 11 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs durlng the year were: Wages and salaries Pension costs 121,271 1,044 122,315 98,153 609 98,762 The monthly average number of persons {including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows.. 2024 No 2023 No Support workers Administration 12 12 13 13 412023 - 4) of the above employees participated in the Defined Contribution Pension Schemes. No employee received emoluments of more than £60,000 during the year. 12 Independent examiner's remuneration 2024 2023 Other fees to examiners Examination-related assurance services All other services 1,656 1,472 3,128 1,674 1,452 3,126 13 Taxation No provision for taxation is included in the financial statements as the company is a charity entitled to the exemption from tax afforded by Section 505, ICTA 1988. Page 17
Leaps and Bounds Community Project Notes to the Financial Statements for the Year Ended 31 December 2024 14 Tangible fixed assets Furnlture and equipment Motor vehicles Total Cost At 1 January 2024 Additions Disposals 11,680 1,565 (1871 16,500 28,180 1,565 (1871 At 31 December 2024 13.058 16,500 29,558 Depreciation At 1 January 2024 Charge for the year Eliminated on disposals 5,244 1,394 (52) 4,125 3,094 9,369 4,488 (52) At 31 December 2024 6,586 7,219 13,805 Net book value At 31 December 2024 6,472 9,281 15,753 At 31 December 2023 6.436 12,375 18,811 15 Debtors 2024 2023 Trade debtors Prepayments Other debtors 3,994 1,353 268 4,819 1,033 5,824 5.615 11,676 16 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 542 114,806 115,348 89 86.405 86,494 Page 18
Leaps and Bounds Community Project Notes to the Financial Statements for the Year Ended 31 December 2024 17 Creditors: amounts falllng due within one year 2024 2023 Other taxation and social security Other creditors Accruals 641 5,206 2,292 8,139 380 1,710 1,981 4,071 18 Obligations under leases and hlre purchase contracts Operatlng lease commltments Total future minimum lease payments under non-cancellable operating leases are as follows.. 2024 2023 Land and bulldings Within one year 22,200 19 Penslon and other schemes Defined contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,044 {2023 £609). 20 Funds Balance at 31 December 2024 Balance at 1 January 2024 Incoming resources Resources expended Unrestricted funds General General 92,910 194,810 (173,143) 114,577 Restricted funds Assisted living home fund 20,000 (6,000) 14,000 Total funds 112,910 194,810 (179,1431 128,577 Page 19
Leaps and Bounds Community Project Notes to the Financial Statements for the Year Ended 31 December 2024 Balance at 31 December 2023 Balance at 1 January 2023 Incoming resources Resources expended Unrestricted funds General General 75,395 167,111 {149,596) 92,910 Restricted Assisted living home fund 20,000 20,000 Total funds 75,395 187,111 (149,596) 112,910 21 Analysis of net assets between funds Total funds at31 December 2024 Unrestricted funds General Restricted funds Tangible fixed assets Current assets Current liabilities 15,753 105,639 15,753 120,963 15,324 1,324 14,000 Total net assets 114,577 128,577 Total funds at31 December 2023 Unrestricted funds General Restricted funds Tangible fixed assets Current assets Current liabilities 18,811 76,846 18,811 98,170 14,071) 21,324 {1,324) 20.000 Total net assets 92,910 112.910 22 Related party transactions There were no related party transactions in the year. The charity is controlled by the trustees who are all directors of the company. Page 20