DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
Charity Registration No. 1177062 Charitable Incorporated Organisation No. CE013188
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr I Kirk |
|---|---|
| Mr T Simpson (Vice Chair) | |
| Mr I Hargreaves (Chair) | |
| Mr D Whewell | |
| Key Management Personnel | Dave Norman MBE (CEO) |
| Charity number | 1177062 |
| Charitable Incorporated Organisation | CE013188 |
| number | |
| Principal address | Leeds Children's Charity at Lineham Farm |
| Lineham Farm Children's Centre | |
| Swan Lane | |
| Eccup | |
| LS16 8AZ | |
| Auditor | Azets Audit Services |
| Carlton House | |
| Grammar School Street | |
| Bradford | |
| BD1 4NS | |
| Bankers | Unity Trust Bank |
| PO BOX 7193 | |
| Planetary Road | |
| Willenhall | |
| WV1 9DG | |
| Solicitors | Wrigleys LLP |
| 19 Cookridge Street | |
| Leeds | |
| LS2 3AG |
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CONTENTS
| Page | |
|---|---|
| Chairman's statement | 1 |
| Trustees' report | 2 - 6 |
| Statement of trustees' responsibilities | 7 |
| Independent auditor's report | 8 - 10 |
| Statement of financial activities | 11 |
| Balance sheet | 13 |
| Statement of cash flows | 15 |
| Notes to the financial statements | 17 - 34 |
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023
Hello, and welcome to the latest annual report from our charity. Delivery this year has been focused on maintaining and increasing delivery at the centre (following COVID) and securing additional engagement with our schools against the backdrop of day-to-day increases in our running costs. The impact on our charity of the increases in food, fuel and other running costs cannot be underestimated and, following the cancelation of our wedding bookings, COVID, the charity finds itself in a position of review and reflection. The trustees have considered, as best they can, the impact of these challenges and taken what steps they think are needed in order that the charity can remain a going concern and manage itself effectively.
During the year we launched our school and community partner scheme. Over 20 partners attended the launch and from this a number of ideas for future work at the farm were discussed; one of these being the camping area. This is a long-term idea, and we will do all that we can to implement it – our wish is to allow access to the farm and its facilities to as many young people as possible and this will be one way that we can do this. Also, the idea of young people camping out under the stars and being surrounded by nature is very exciting for all of us.
So, and as the work of the charity develops, we continue to strive for the best that we can offer the young people of Leeds. We can only do this, of course, with the support of the team at the charity and, of course, my fellow trustees.
On behalf of the charity, thank you to the staff team, my fellow trustees and of course, all our supporters.
The charity’s on-going and developing relationships with local businesses is one of the key areas where the support provided is making a visible difference to the centre and the grounds. During the year, the number of CSR groups visiting the centre increased, and we were able to offer meaningful jobs for these to take part in. As a company, undertaking volunteer work at a charity can make a real difference to your team, how they relate to each other and how they perform. Please do get in touch if you would like to discuss volunteering with us.
For now, however, I would like to say thank you to my fellow trustees and to the entire staff team of the charity for all their hard work.
IAN HARGREAVES
Chair
Leeds Children’s Charity at Lineham Farm.
- 1 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their annual report and financial statements for the year ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 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).
Objectives and activities
The objects of the CIO are for public benefit to:
Provide facilities for recreation and other leisure time occupation for children and young people in the interest of social welfare, including by (but not limited to) providing a recreational centre at Lineham Farm, Eccup, Leeds; and provide residential respite and holiday opportunities for children and young people aged between 7 and 11 years old from challenging and/ or disadvantaged backgrounds, who live and attend school in Leeds.
The Trustees consider that these objectives, and the activities outlined in this report, provide benefit to those underprivileged children who use the CIO’s facilities by allowing them to have fun, make friends, and be a child away from dysfunctional families and responsibilities beyond their years.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 2 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Achievements and performance From the CEO
Hello, as Ian has said, the difficulties we face (like others do) as a charity are not easy ones to deal with – in the main, they are a product of other people’s decisions and actions, and as such, out of our control.
For years and following the decision to sell the centre at Silverdale, and then the merger with Lineham Farm, the management of the charity has been impeccable and where needed, some very tough decisions have been made. This is why the charity is still delivering, this is why our supporters stay with us and help us deliver our very important work. The charity’s work is under constant review and tough decisions, where needed, will continue to be made.
Our partnership work continues to develop and the value of this shows in the number of schools who are returning to use the farm. I was told by one returning school that our aim to engage with the right young people, however difficult this was, was appreciated – it was work they wanted to be a part of.
The charity’s plans to fill the school holidays with delivery from young people from our most in need communities were successful with hundreds of young people visiting the centre, accessing our facilities, and being fed freshly prepared food from our own kitchen. In addition, we ran several cooking courses; based at a training kitchen in Farsley these days were focused on providing information about food preparation and the cooking of simple but nutritious food. We are still on track to deliver our work to 2,500, a target set for 2024. As things stand, I feel that we will, thanks to the great work of the entire team, reach this target by next year. The charity’s work is growing and doing so against what have been considerable odds.
We continue to receive positive feedback about our work, and we continue to strive to do all that we can to improve the facilities at the farm so that any young person who visits us has access to the very best that we can offer. Of course improvements at the centre have been made but the trustees have to plan for future years when upgrades to the centre and its facilities will be needed – these will include all new windows and doors; a new low ropes course; improvements to the play barn and the replacement of our mini bus and farm van.
The very best includes, of course, our staff team. They are brilliant and were it not for them, the pastoral, reflective and empathic support for the young people we work with and support, would not exist. Their delivery and the atmosphere created by them sets us apart from other centres and puts the young people we work with and support front and centre – which is absolutely where they should be.
Thank you for reading this report.
If after reading this report you feel that you can work with and support us, please do not hesitate to get in touch.
Dave Norman MBE – CEO Leeds Children’s Charity at Lineham Farm.
- 3 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Financial review
At the year end the charitable group held a total funds of £3,236,317 (2022 £3,302,851). Out of this a total of £630,936 (2022 £1,246,645) was held as unrestricted funds, £2,600,373 (2022 £2,039,329) was designated by the Trustees for specific purposes and £114,696 (2022 £16,877) was restricted for specific purposes and building development projects. The charity is in a good financial position to start the 2023/24 financial year which will see the transfer of school bookings activity transferred over from Leeds City Council and ongoing financial challenges due to the cost-of-living crisis.
One of the main financial focuses during the year to was for the centre to be back to usual booking capacity as covid-19 restrictions lifted during the year. A key part of this was establishing wedding and private hire bookings following the pandemic. The Charity’s trading subsidiary which operates the weddings and private hire activity generated a profit of £37,461 (2022 £13,840) which was subsequently gift-aided back to the charity.
Donation and grant income remained an important part of the organisation income stream during the year. With schools’ activity income transferring over in the financial year 2022/23, donation and grant income has been required to sustain the operations and ongoing development of the centre.
It is the aim of the charity to ensure that it holds unrestricted cash reserves between 6 to 9 months of running costs are held at any one time so that the organisation is able to response to any unexpected circumstances or building needs.
For reserves which are held over this amount it is the charity’s intention to invest these funds in an appropriate manner to generate a return and of income on the investment. At the year end the charity held more reserves then was required. The trustees and management are actively outlining an investment policy and strategy for the 2023/ 24 financial year.
Use of volunteers
The charity works with volunteers on a regular basis. Most of these are from companies that support what we do by upgrading the facilities in the woods – painting or clearing the bike tracks. These days take place throughout the year. All in all, the charity is lucky to have been supported by over 80 people from local companies, all determined to do what they can to make a difference. We are also lucky in that we have a small number of volunteers who visit the centre on a regular basis and support the long-term infrastructure management at the farm.
Funders and supporters
The charity, like all other charities, would not exists if it were not for the help and support of its supporters. The charity raises funds by direct application to grant giving trusts and charities, but also receives donations from organisations that are local to Leeds with whom we have built up some very good and, in many cases, long-term and supportive relationships.
The Trustees and the staff team at the charity are most grateful for the support received. They understand the competition for charitable donations is very strong.
It is with great humility and gratitude that on behalf of the charity, this report acknowledges the support given.
Risk
In assessing risk, the Trustees recognise that the work of the charity is key to their personal values and their assessment of where they can, as an organisation, make the most difference. There is no other organisation in Leeds that provides the service that the charity does. All risks are considered by the Trustees that will/might impact the short, medium, and long-term planning process. These plans are reviewed on a regular basis and amended accordingly to mitigate any identified risks.
- 4 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Structure, governance and management
Leeds Children’s Charity at Lineham Farm (LCCALF) is a Charitable Incorporated Organisation (CIO); the organisation was constituted in 8[th] February 2018. LCCALF is also a registered charity – number 1177062.
Reference and Administrative Information
Please see the CIO information as outlined in this report.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr I Kirk
Ms M Dean (Resigned 11 July 2023) Mr T Simpson (Vice Chair) Mr J Battle (Resigned 31 May 2022) Mr C Chapman (Resigned 11 July 2023) Mr I Hargreaves (Chair) Mr D Whewell
Key Management Personnel
Dave Norman MBE - CEO
The board of Trustees administer the charity, meeting when necessary and in-between these meetings by subcommittee, including the Exec group. Membership of these subcommittees is made up of the Chair, the Vice Chair and other general member of the board. The Charity CEO attends these meetings. Attendance at Trustees meetings is not limited to Trustees. Members can invite guests (who are not directly linked to the charity) to attend and to offer independent advice, opinion, and support.
The charity is the sole owner of a trading subsidiary called LCCLF Ltd. The trading subsidiary has three directors who oversee the running of the company, one of which is David Norman with the remainder also being trustees of the charity.
Day to day management
The Charity’s CEO is appointed by the Trustees to manage, in full, the day-to-day operations of the charity. The CEO has full responsibility for the day-to-day wellbeing of the charity and manages (or delegates responsibility for management) to the team. This day-to-day operational management includes working with and supporting the team from the local authority who are based at the centre and who deliver work on behalf of the charity. The CEO reports to the charity board and provides comprehensive updates throughout the year.
Members of the board and the staff team attend training and keep fully up to date with charity legislation, so that they can administer the charity in an effective, ongoing, and business-like manner.
Members of the board also help and support (where they can) some aspects of day-to-day delivery for the charity – when they do, they work to the Charity CEO. In addition to direct support for delivery and events held at Lineham Farm, some Trustees provide help and support for IT specific needs of the charity and marketing.
The trustees are responsible for reviewing the CEO’s remuneration and ongoing performance management on an annual basis.
Auditor
During the year Azets Audit Services Limited, trading as Azets Audit Services were appointed as auditors following their acquisition of Naylor Wintersgill Limited, on 1 May 2023.
In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the company will be put at a General Meeting.
- 5 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Disclosure of information to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
The trustees' report was approved by the Board of Trustees.
Mr I Hargreaves (Chair) Chairman
21 December 2023
- 6 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2023
The trustees 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).
The law applicable to charities in England and Wales 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 charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then 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 have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the UK governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.
- 7 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
Opinion
We have audited the financial statements of Leeds Children's Charity at Lineham Farm (the ‘charity’) for the year ended 31 March 2023 which comprise the statement of financial activities, the summary income and expenditure account, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
-
give a true and fair view of the state of the charity’s affairs as at 31 March 2023 and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
-
the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records; or
-
we have not received all the information and explanations we require for our audit.
-
8 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
Responsibilities of trustees
As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:
-
Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
-
Reviewing minutes of meetings of those charged with governance;
-
Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;
-
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
-
Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
- 9 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
Other matters
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "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)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Alison Whalley (Senior Statutory Auditor) for and on behalf of Azets Audit Services
21 December 2023
Accountants Statutory Auditor
Carlton House Grammar School Street Bradford BD1 4NS
Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
- 10 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income and endowments from: Donations and legacies 3 140,182 128,800 Charitable activities 4 289,677 - Investments 5 199 - Other income 6 78,991 - Total income 509,049 128,800 Expenditure on: Raising funds 7 55,977 - Charitable activities 8 507,737 140,669 Total resources expended 563,714 140,669 Net (outgoing)/incoming resources before transfers (54,665) (11,869) Gross transfers between funds - - Net (outgoing)/incoming resources (54,665) (11,869) Other recognised gains and losses Revaluation of tangible fixed assets - - Net movement in funds (54,665) (11,869) Fund balances at 1 April 2022 3,285,974 16,877 Fund balances at 31 March 2023 3,231,309 5,008 |
Total Unrestricted Restricted Total funds funds 2023 2022 2022 2022 £ £ £ £ 268,982 369,491 22,103 391,594 289,677 - - - 199 3,458 - 3,458 78,991 70,061 - 70,061 637,849 443,010 22,103 465,113 55,977 1,158 100 1,258 648,406 419,445 15,443 434,888 704,383 420,603 15,543 436,146 (66,534) 22,407 6,560 28,967 - 49,641 (49,641) - (66,534) 72,048 (43,081) 28,967 - (1,652,107) - (1,652,107) (66,534) (1,580,059) (43,081) (1,623,140) 3,302,851 4,866,033 59,958 4,925,991 3,236,317 3,285,974 16,877 3,302,851 |
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 11 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted | Restricted | **Total ** | **Unrestricted ** | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | ||
| Notes | £ | £ | £ | ||||
| Income and endowments from: | |||||||
| Donations and | |||||||
| legacies | 3 | 173,339 | 128,800 | 302,139 | 383,331 | 22,103 | 405,434 |
| Charitable activities | 4 | 289,677 | - | 289,677 | - | - | - |
| Investments | 5 | 199 | - | 199 | 3,458 | - | 3,458 |
| Other income | 6 | 9,952 | - | 9,952 | 41,174 | - | 41,174 |
| Total income | 473,167 | 128,800 | 601,967 | 427,963 | 22,103 | 450,066 | |
| Expenditure on: | |||||||
| Raising funds | 7 | 55,977 | - | 55,977 | 1,158 | 100 | 1,258 |
| Charitable activities | 8 | 471,855 | 140,669 | 612,524 | 405,126 | 15,443 | 420,569 |
| Total resources expended | 527,832 | 140,669 | 668,501 | 406,284 | 15,543 | 421,827 | |
| Net (outgoing)/incoming | |||||||
| resources before transfers | (54,665) | (11,869) | (66,534) | 21,679 | 6,560 | 28,239 | |
| Gross transfers | |||||||
| between funds | - | - | - | 49,641 | (49,641) | - | |
| Net (outgoing)/incoming | |||||||
| resources | (54,665) | (11,869) | (66,534) | 71,320 | (43,081) | 28,239 | |
| Other recognised gains and | |||||||
| losses | - | - | |||||
| Revaluation of | |||||||
| tangible fixed | - | - | - | (1,652,108) | - | (1,652,108) | |
| assets | |||||||
| Net movement in funds | (54,665) | (11,869) | (66,534) | (1,580,788) | (43,081) | (1,623,869) | |
| Fund balances at 1 | April 2022 | 3,285,974 | 16,877 | 3,302,851 | 4,866,762 | 59,958 | 4,926,720 |
| Fund balances at 31 March 2023 | 3,231,309 | 5,008 | 3,236,317 | 3,285,974 | 16,877 | 3,302,851 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 12 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2023
| 2023 Notes £ £ Fixed assets Tangible assets 13 1,813,487 Current assets Debtors 16 89,432 Cash at bank and in hand 1,396,612 1,486,044 Creditors: amounts falling due within one year 17 (63,214) Net current assets 1,422,830 Total assets less current liabilities 3,236,317 Income funds Restricted funds 20 5,008 Unrestricted funds Designated funds 21 2,600,373 General unrestricted funds 630,936 3,231,309 3,236,317 The financial statements were approved by the Trustees on 21 December 2023 Mr I Hargreaves (Chair) Mr D Whewell Trustee Trustee |
2022 £ £ 1,799,186 18,235 1,531,809 1,550,044 (46,379) 1,503,665 3,302,851 16,877 2,039,329 1,246,645 3,285,974 3,302,851 |
2022 £ £ 1,799,186 18,235 1,531,809 1,550,044 (46,379) 1,503,665 3,302,851 16,877 2,039,329 1,246,645 3,285,974 3,302,851 |
|---|---|---|
| 3,302,851 | ||
| 16,877 3,285,974 |
||
| 3,302,851 | ||
- 13 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CHARITY BALANCE SHEET
AS AT 31 MARCH 2023
| 2023 Notes £ £ Fixed assets Tangible assets 13 1,813,487 Investments 14 1 1,813,488 Current assets Debtors 16 137,101 Cash at bank and in hand 1,335,528 1,472,629 Creditors: amounts falling due within one year 17 (49,800) Net current assets 1,422,829 Total assets less current liabilities 3,236,317 Income funds Restricted funds 20 5,008 Unrestricted funds Designated funds 21 2,600,373 General unrestricted funds 630,936 3,231,309 3,236,317 The financial statements were approved by the Trustees on 21 December 2023 Mr I Hargreaves (Chair) Mr D Whewell Trustee Trustee |
2022 £ £ 1,799,186 1 1,799,187 50,676 1,483,647 1,534,323 (30,659) 1,503,664 3,302,851 16,877 2,039,329 1,246,645 3,285,974 3,302,851 |
2022 £ £ 1,799,186 1 1,799,187 50,676 1,483,647 1,534,323 (30,659) 1,503,664 3,302,851 16,877 2,039,329 1,246,645 3,285,974 3,302,851 |
|---|---|---|
| 1,799,187 1,503,664 |
||
| 3,302,851 | ||
| 16,877 3,285,974 |
||
| 3,302,851 | ||
- 14 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023
| Notes Cash flows from operating activities Cash (absorbed by)/generated from operations 25 Investing activities Purchase of tangible fixed assets Investment income received Net cash used in investing activities Net cash used in financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2023 £ £ (82,414) (52,982) 199 (52,783) - (135,197) 1,531,809 1,396,612 |
2022 £ £ 166,622 (93,841) 3,458 (90,383) - 76,239 1,455,570 1,531,809 |
|---|---|---|
- 15 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023
| Notes Cash flows from operating activities Cash (absorbed by)/generated from operations 25 Investing activities Purchase of tangible fixed assets Investment income received Net cash used in investing activities Net cash used in financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2023 £ £ (95,336) (52,982) 199 (52,783) - (148,119) 1,483,647 1,335,528 |
2022 £ £ 120,599 (93,841) 3,458 (90,383) - 30,216 1,453,431 1,483,647 |
|---|---|---|
- 16 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
Charity information
Leeds Children's Charity at Lineham Farm is a Charitable Incorporated Organisation (No CE013188) registered in England and a registered Charity (No 1177062). Leeds Children's Charity at Lineham Farm is goverened by it's Foundation, registered office is Lineham Farm Childrens Centre, Blackhill Lane, Eccup, Leeds. LS16 8AZ.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
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 £.
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.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 17 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
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.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings Over the life of the lease Plant and equipment 4% and 10% straight line Fixtures and fittings 10% and 20% straight line
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 the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 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.
1.9 Financial instruments
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.
- 18 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
(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.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 19 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
3 Donations and legacies
Group
| Group | ||
|---|---|---|
| Unrestricted Restricted funds funds 2023 2023 £ £ Donations and gifts 74,593 15,289 Legacies 38,000 - Grants receivable 27,589 113,511 140,182 128,800 |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 89,882 104,428 4,708 38,000 - - 141,100 265,063 17,395 268,982 369,491 22,103 |
Total 2022 £ 109,136 - 282,458 |
| 391,594 |
- 20 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
| 3 Donations and legacies Unrestricted Restricted funds funds 2023 2023 £ £ Grants receivable for core activities The Joyce Mary Mountain Will Trust - - HMRC Job Retention Scheme - - Linden Charitable Trust 1,000 - The National Lottery Community Fund - 9,600 Leeds Community Foundation - 26,632 Arnold Clarke Foundation - - West Riding Masonic Charities Ltd - - Brown Shipley - - HSBC - 30,000 Tesco - 10,000 Hays Travel Foundation - 8,720 B&Q Foundation - 4,859 Wades Charity - 5,000 The Hobson Charity - 4,500 Screwfix Foundation - 4,500 Skipton Building Society - 2,800 Sir George Martin Trust - 2,700 FABB - 2,000 Ilkley Round Table - 1,000 The Seedlings Foundation - 800 Warburtons Community Foundation - 400 Asda Foundation 1,500 - CSW Process Ltd 10,000 - GBS 662 - Homeserve Boilers 250 - Kelling Group 8,955 - Kirke's Charity 500 - Peacock's Trust 500 - The Right Fuelcard 4,222 - 27,589 113,511 |
(Continued) Total Unrestricted Restricted Total funds funds 2023 2022 2022 2022 £ £ £ £ - 250,000 - 250,000 - 10,433 - 10,433 1,000 - - - 9,600 - - - 26,632 3,630 10,250 13,880 - 1,000 - 1,000 - - 4,145 4,145 - - 3,000 3,000 30,000 - - - 10,000 - - - 8,720 - - - 4,859 - - - 5,000 - - - 4,500 - - - 4,500 - - - 2,800 - - - 2,700 - - - 2,000 - - - 1,000 - - - 800 - - - 400 - - - 1,500 - - - 10,000 - - - 662 - - - 250 - - - 8,955 - - - 500 - - - 500 - - - 4,222 - - - 141,100 265,063 17,395 282,458 |
(Continued) Total Unrestricted Restricted Total funds funds 2023 2022 2022 2022 £ £ £ £ - 250,000 - 250,000 - 10,433 - 10,433 1,000 - - - 9,600 - - - 26,632 3,630 10,250 13,880 - 1,000 - 1,000 - - 4,145 4,145 - - 3,000 3,000 30,000 - - - 10,000 - - - 8,720 - - - 4,859 - - - 5,000 - - - 4,500 - - - 4,500 - - - 2,800 - - - 2,700 - - - 2,000 - - - 1,000 - - - 800 - - - 400 - - - 1,500 - - - 10,000 - - - 662 - - - 250 - - - 8,955 - - - 500 - - - 500 - - - 4,222 - - - 141,100 265,063 17,395 282,458 |
|---|---|---|
| 282,458 |
- 21 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
3 Donations and legacies
(Continued)
Charity
| Unrestricted Restricted funds funds 2023 2023 £ £ Donations and gifts 107,750 15,289 Legacies receivable 38,000 - Grants receivable 27,589 113,511 173,339 128,800 |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 123,039 118,268 4,708 38,000 - - 141,100 265,063 17,395 302,139 383,331 22,103 |
Total 2022 £ 122,976 - 282,458 |
|---|---|---|
| 405,434 |
4 Charitable activities
| School | Day visit | Total | Total | |
|---|---|---|---|---|
| bookings | income | |||
| income | ||||
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Sales within charitable activities | 274,407 | 15,270 | 289,677 | - |
5 Investments - Group and Charity
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Interest receivable | 199 | 3,458 |
| Other Income - Group | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Other income | 78,991 | 70,061 |
6 Other Income - Group
- 22 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
| 6 | Other Income - Group | (Continued) | |
|---|---|---|---|
| Other Income - Charity | |||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Other income | 9,952 | 41,174 |
7 Raising funds Group and Charity
| Raising funds Group and Charity |
||
|---|---|---|
| Unrestricted Restricted funds funds 2023 2023 £ £ Fundraising and publicity Seeking donations, grants and legacies 2,083 - Advertising 53,894 - 55,977 - |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 2,083 1,158 - 53,894 - 100 55,977 1,158 100 |
Total 2022 £ 1,158 100 |
| 1,258 |
- 23 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
8 Charitable activities
Group
| Charitable | Charitable |
|
|---|---|---|
| Expenditure | Expenditure | |
| 2023 | 2022 | |
| £ | £ | |
| Staff costs | 230,413 | 159,226 |
| Staff related costs | 3,013 | 2,004 |
| Activity costs | 25,138 | 13,288 |
| Food catering costs | 49,834 | 3,389 |
| Livestock | 4,433 | 4,366 |
| Vehicle and boat costs | 2,367 | 6,405 |
| Building, accommodation and site running costs | 43,962 | 29,270 |
| Donation of asset to Waymakers Charity | - | 59,142 |
| Staff secondment costs | 128,921 | - |
| Utilities and rates | 4,759 | - |
| 492,840 | 277,090 | |
| Share of support costs (see note 9) | 148,416 | 150,648 |
| Share of governance costs (see note 9) | 7,150 | 7,150 |
| 648,406 | 434,888 | |
| Analysis by fund | ||
| Unrestricted funds | 507,737 | 419,445 |
| Restricted funds | 140,669 | 15,443 |
| 648,406 | 434,888 |
- 24 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
8 Charitable activities
(Continued)
Charity
| Charitable | Charitable |
|
|---|---|---|
| Expenditure | Expenditure | |
| 2023 | 2022 | |
| £ | £ | |
| Staff costs | 225,099 | 159,227 |
| Staff related costs | 3,012 | 2,002 |
| Activity costs | 23,637 | 9,151 |
| Food catering costs | 49,834 | 3,389 |
| Livestock | 4,433 | 4,366 |
| Vehicle and boat costs | 2,367 | 6,405 |
| Building, accommodation and site running costs | 38,746 | 25,555 |
| Donation of asset to Waymakers Charity | 59,142 | |
| Secondment and agency | 128,921 | |
| Utilities and rates | 4,759 | - |
| 480,808 | 269,237 | |
| Share of support costs (see note 9) | 124,566 | 144,182 |
| Share of governance costs (see note 9) | 7,150 | 7,150 |
| 612,524 | 420,569 | |
| Analysis by fund | ||
| Unrestricted funds | 471,855 | 405,126 |
| Restricted funds | 140,669 | 15,443 |
| 612,524 | 420,569 |
- 25 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
9 Support costs
Group
| Group | ||||
|---|---|---|---|---|
| Depreciation Recruitment fees Insurance Communications and IT Rates and utilities Building maintenance Office supplies Publicity Finance costs Website costs Accountancy fees Audit fees Analysed between Charitable activities |
Support costs Governance costs £ £ 33,854 - 6,189 - 16,144 - 4,141 - 27,187 - 25,965 - 467 - 10,100 - 635 - 5,076 - 13,966 - - 7,150 143,724 7,150 148,416 7,150 |
2023 £ 33,854 6,189 20,836 4,141 27,187 25,965 467 10,100 635 5,076 13,966 7,150 155,566 155,566 |
Support costs Governance costs £ £ 58,363 - 3,652 - 22,810 - 1,004 - 11,183 - 22,530 - 693 - 2,277 - 353 - 16,537 - 11,246 - - 7,150 150,648 7,150 150,648 7,150 |
2022 £ 58,363 3,652 22,810 1,004 11,183 22,530 693 2,277 353 16,537 11,246 7,150 |
| 157,798 | ||||
| 157,798 |
In support of the charity, energy charges were paid for by Leeds City Council. The value of this donation has not been included in financial statements as a value cannot be reliably estimated for the donation.
Governance costs includes payments to the auditors of £7,150 (2022- £7,150) for audit fees.
- 26 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
9 Support costs
(Continued)
Charity
| Depreciation Recruitment fees Insurance Communications and IT Rates and utiliies Building maintenance Office supplies Publicity Finance costs Website costs Accountancy fees Audit fees |
Support costs Governance costs £ £ 33,854 - 6,190 - 16,143 - 3,316 - 23,194 - 22,434 - 467 - - - 561 - 4,441 - 13,966 - - 7,150 124,566 7,150 |
2023 £ 33,854 6,189 20,836 3,316 27,187 25,965 467 10,100 561 4,441 13,966 7,150 154,032 |
Support costs Governance costs £ £ 58,363 - 3,652 - 22,810 - 716 - 11,183 - 22,530 - 693 - 2,277 - 188 - 10,524 - 11,246 - - 7,150 144,182 7,150 |
2022 £ 58,363 3,652 22,810 716 11,183 22,530 693 2,277 188 10,524 11,246 7,150 |
|---|---|---|---|---|
| 151,332 |
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits for their services as Trustee from the charity during the year (2022-Nil). During the year no trustees received and payments, in 2022 one trustee received a payment of £1,440 for book keeping services provided to the Charity.
11 Employees - Group and Charity
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Social security costs Other pension costs |
2023 Number 16 2023 £ 213,179 11,768 5,467 230,414 |
2022 Number 11 |
|---|---|---|
| 2022 £ 145,811 9,537 3,878 |
||
| 159,226 |
There were no employees whose annual remuneration was more than £60,000.
- 27 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
12 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
13 Tangible fixed assets
Group and Charity
| Cost At 1 April 2022 Additions At 31 March 2023 Depreciation and impairment At 1 April 2022 Depreciation charged in the year At 31 March 2023 Carrying amount At 31 March 2023 At 31 March 2022 |
Leasehold land and buildings £ 1,750,000 41,562 1,791,562 - 30,518 30,518 1,761,044 1,750,000 |
Plant and equipment Fixtures and fittings £ £ 9,000 60,649 - 11,420 9,000 72,069 1,950 18,513 900 7,263 2,850 25,776 6,150 46,293 7,050 42,136 |
Total £ 1,819,649 52,982 |
|---|---|---|---|
| 1,872,631 | |||
| 20,463 38,681 |
|||
| 59,144 | |||
| 1,813,487 | |||
| 1,799,186 |
At 31 March 2022 the property was revalued by the Trustees. The valuation was based on a market valuation performed by TAPP Chartered Surveyors.
14 Fixed asset investments - Charity
| 2023 £ Investments in subsidiaries 1 1 15 Subsidiaries Name of undertaking and country of Nature of business Class of incorporation or residency sharehol ding LCCLF Trading Limited England Events venue Ordinary |
2022 £ 1 |
|---|---|
| 1 | |
| % Held Direct 100.00 |
The aggregate capital and reserves and the result for the year of subsidiary was as follows:
- 28 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
| 15 Subsidiaries Name of undertaking Capital and reserves £ LCCLF Trading Limited 1 Company no. 12049173 16 Debtors Amounts falling due within one year: Trade debtors Amounts owed by subsidiary undertakings Other debtors 17 Creditors: amounts falling due within one year Notes Other taxation and social security Deferred income 19 Trade creditors Accruals |
(Continued) Turnover Expense s Profit/(Loss ) £ £ £ 78,170 (78,170) - Group Charity 2023 2022 2023 2022 £ £ £ £ 89,432 5,517 89,431 5,517 - - 44,584 32,441 - 12,718 3,086 12,718 89,432 18,235 137,101 50,676 Group Charity 2023 2022 2023 2022 £ £ £ £ 2,664 6,591 - 3,337 1,075 12,466 - - 31,761 19,172 22,086 19,172 27,714 8,150 27,714 8,150 63,214 46,379 49,800 30,659 |
(Continued) Turnover Expense s Profit/(Loss ) £ £ £ 78,170 (78,170) - Group Charity 2023 2022 2023 2022 £ £ £ £ 89,432 5,517 89,431 5,517 - - 44,584 32,441 - 12,718 3,086 12,718 89,432 18,235 137,101 50,676 Group Charity 2023 2022 2023 2022 £ £ £ £ 2,664 6,591 - 3,337 1,075 12,466 - - 31,761 19,172 22,086 19,172 27,714 8,150 27,714 8,150 63,214 46,379 49,800 30,659 |
|---|---|---|
| 30,659 |
18 Retirement benefit schemes
Defined contribution schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £5,467 (2022 - £3,878).
19 Deferred income
| Deferred income | ||||
|---|---|---|---|---|
| Group | Charity | |||
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Other deferred income | 1,075 | 12,466 | - | - |
Deferred income relates to wedding deposits received.
- 29 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
20 Restricted funds - Group and Charity
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Balance at 31 January 2021 r £ Sensory Space and Greenhouse 45,641 Health and Camping 4,737 Animal Welfare 9,580 Christmas Appeal - Renovation - Clothing - Equipment - Heating - Holiday Food - Weekend Delivery - Cooking Project - Wildlife education - 59,958 |
Movement in funds Incoming esources Resources expended £ £ 4,853 (853) 14,250 (2,110) - (9,580) 3,000 (3,000) - - - - - - - - - - - - - - 22,103 (15,543) |
Movement in funds Transfers Balance at 1 April 2022 Incoming resources Resources expended Balance at 31 March 2023 £ £ £ £ £ (49,641) - - - - - 16,877 - (16,877) - - - 5,019 (5,019) - - - - - - - 30,000 (30,000) - - 2,500 (2,500) - - 38,059 (38,059) - - 9,000 (4,759) 4,241 - 32,402 (32,402) - - 8,720 (7,953) 767 - 2,700 (2,700) - - 400 (400) - (49,641) 16,877 128,800 (140,669) 5,008 |
Movement in funds Transfers Balance at 1 April 2022 Incoming resources Resources expended Balance at 31 March 2023 £ £ £ £ £ (49,641) - - - - - 16,877 - (16,877) - - - 5,019 (5,019) - - - - - - - 30,000 (30,000) - - 2,500 (2,500) - - 38,059 (38,059) - - 9,000 (4,759) 4,241 - 32,402 (32,402) - - 8,720 (7,953) 767 - 2,700 (2,700) - - 400 (400) - (49,641) 16,877 128,800 (140,669) 5,008 |
|---|---|---|---|
| 5,008 |
- 30 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 20 Restricted funds - Group and Charity (Continued)
Sensory Space and Greenhouse funding was provided by St James' Place to contribute to the extension and improvement of the area of land connected to the sensory space and greenhouse.
Lottery funding was received to provide camping and bush craft activities and for animal welfare.
Funds given by Brown Shipley for the 2021 Christmas appeal for children's Christmas presents.
A legacy was received for renovation and development of the centre building and surrounding grounds.
Funds provided by Lowell was for the purchase of new furniture in the barn area of the centre.
Screwfix Foundation and The Hobson Charity provided funding for energy bills.
Leeds Community Foundation provided funds for meals and activities for young people during school holidays.
Hays Travel Foundation provided funding for weekend delivery.
Funding for a pilot summer cooking scheme was provided by the Sir George Martin Trust.
Warburtons provided funding to improve materials to deliver wildlife education.
Transfers relate to the purchase of fixed assets from restricted funds.
- 31 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
21 Designated funds - Group and Charity
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
| Balance at 1 April 2021 £ Refurbishment of the Centre 383,171 Property 3,387,531 Contingency/running costs - 3,770,702 |
Transfers Revaluations, gains and losses Balance at 1 April 2022 £ £ £ (93,842) - 289,329 14,576 (1,652,107) 1,750,000 - - - (79,266) (1,652,107) 2,039,329 |
Transfers Revaluations, gains and losses 31 £ £ 300,000 - 11,044 - 250,000 - 561,044 - |
Balance at March 2023 £ 589,329 1,761,044 250,000 |
|---|---|---|---|
| 2,600,373 |
During the year ended 31 March 2021 funding of £650,000 was received from The Joyce Mary Mountain Will Trust and funding of £4,000 was received from The R Lowell Foundation. The Trustees have agreed that these funds will be designated for the refurbishment of the centre. Transfers out of the fund represent the purchase or revaluation of fixed assets.
- 32 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
22 Analysis of net assets between funds - Group
| Unrestricted funds Designated funds Restricted funds 2023 2023 2023 £ £ £ Fund balances at 31 March 2023 are represented by: Tangible assets 52,443 1,761,044 - Current assets/(liabilities) 578,493 839,329 5,008 630,936 2,600,373 5,008 19 Analysis of net assets between funds - Charity Unrestricted funds Designated funds Restricted funds 2023 2023 2023 £ £ £ Fund balances at 31 March 2023 are represented by: Tangible assets 52,443 1,761,044 - Investments 1 - - Current assets/(liabilities) 578,492 839,329 5,008 630,936 2,600,373 5,008 |
Total Unrestricted funds Designated funds Restricted funds 2023 2022 2022 2022 £ £ £ £ 1,813,487 49,186 1,750,000 - 1,422,830 1,197,459 289,329 16,877 3,236,317 1,246,645 2,039,329 16,877 Total Unrestricted funds Designated funds Restricted funds 2023 2022 2022 2022 £ £ £ £ 1,813,487 49,186 1,750,000 - 1 1 - - 1,422,829 1,197,458 289,329 16,877 3,236,317 1,246,645 2,039,329 16,877 |
Total 2022 £ 1,799,186 1,503,665 |
|---|---|---|
| 3,302,851 | ||
| Total 2022 £ 1,799,186 1 1,503,664 |
||
| 3,302,851 |
- 33 -
DocuSign Envelope ID: 945BA776-B4E4-431C-8BE9-3F937A362DF2
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
24 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
| Aggregate compensation Except for those disclosed in note 10, there were no further related party transactions 25 Cash generated from operations - Group Deficit for the year Adjustments for: Investment income recognised in statement of financial activities Donated assets Depreciation and impairment of tangible fixed assets Movements in working capital: (Increase)/decrease in debtors Increase/(decrease) in creditors (Decrease)/increase in deferred income Cash (absorbed by)/generated from operations 25 Cash generated from operations - Charity Deficit for the year Adjustments for: Investment income recognised in statement of financial activities Donated assets Depreciation and impairment of tangible fixed assets Movements in working capital: (Increase)/decrease in debtors Increase/(decrease) in creditors Cash (absorbed by)/generated from operations |
2023 2022 £ £ 60,750 68,171 requiring disclosure. 2023 2022 £ £ (66,534) 28,967 (199) (3,458) - 59,142 38,681 58,363 (71,197) 32,828 28,226 (20,734) (11,391) 11,514 (82,414) 166,622 2023 2022 £ £ (66,534) 28,239 (199) (3,458) - 59,142 38,681 58,363 (86,425) 2,301 19,141 (23,988) (95,336) 120,599 |
|---|---|
- 34 -