Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Charity Registration No. 1177062 Charitable Incorporated Organisation No. CE013188
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
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: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CONTENTS
| Page | |
|---|---|
| Chairman's statement | 1 |
| Trustees' report | 2 - 5 |
| Statement of trustees' responsibilities | 6 |
| Independent auditor's report | 7 - 9 |
| Statement of financial activities | 10 |
| Balance sheet | 12 |
| Statement of cash flows | |
| Notes to the financial statements | 14 - 32 |
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
Welcome to the latest annual report from our charity, Leeds Children’s Charity at Lineham Farm.
As with other charities, and the household budgets of the families we work with and support, this year has been another year of challenge, of dealing with the everyday cost of living issues – food, heating, electricity etc. coupled with the on-going costs of upgrading and replacing the equipment at the centre to make sure that the environment is warm, welcoming, and safe.
I am proud to report that the charity was able to work with and support over 3,000 young people. In addition to this, our work with families increased and as a result, more young people were able to spend much needed and valuable time with their parents/carers, working together and learning as a family unit. In addition to this, the valuable and valued work with the MST-CAN team continued: the charity, working with another of its partners, providing respite and days out to families whose options for a break or a holiday are limited or non-existent.
My fellow Trustees and I are immensely proud of what the charity has achieved. Thanks to them for their commitment and support.
Of course, were it not for the staff team, the quality of delivery as well as the numbers worked with and supported would not have been possible. So, and on behalf of the Trust board, I would like to say thank you and congratulate the entire team at the farm who have made all we have achieved during the past year possible.
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.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
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 objectives of the Charitable Incorporated Organisation (CIO) are to:
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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.
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Offer residential respite and holiday opportunities for children and young people aged between 7 and 11 years old from challenging and disadvantaged backgrounds who live and attend school in Leeds.
The Trustees believe that these objectives, alongside the activities outlined in this report, significantly benefit underprivileged children. The opportunities offered allow them to enjoy a safe environment where they can thrive, build friendships, and experience a respite from difficult home environments.
The Trustees have adhered to guidance issued by the Charity Commission when deciding on the charity’s activities.
Achievements and Performance
This year, the charity supported over 3,000 young people and continued to expand its work with families most in need. This delivery was bolstered by hundreds of hours from volunteers who contributed to maintenance tasks such as gardening, painting, and clearing logs.
During the festive season, over 8,000 gifts were distributed in collaboration with our corporate partners, demonstrating the significant community support we receive.
Our efforts to enhance efficiency and engagement have included the implementation of an integrated CRM system to better capture both fundraising and impact data. This advancement has streamlined processes and improved the way we track and communicate our outcomes.
Additionally, the charity launched a new donation platform with updated payment processes, enabling easier access for supporters. The introduction of peer-to-peer fundraising pages and improved event ticketing options has expanded our outreach and increased support.
The charity remains dedicated to ensuring that supporters and the wider public are treated fairly and in line with its values. To this end, fundraising practices are continually monitored and reviewed to ensure compliance with the latest regulations. By subscribing to the Fundraising Regulator and its Code of Fundraising Practice, the charity demonstrates its commitment to transparency and accountability. Notably, no complaints were received regarding fundraising practices in the past year, and no third-party agencies were used for fundraising activities.
Thanks to the incredible support received, the charity has achieved the following:
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Supported over 3,000 young people from challenging and disadvantaged backgrounds.
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Worked with vulnerable young people during school holidays, providing access to outdoor play, nutritious food, and refreshments.
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Prepared an average of 550 home-cooked meals each week at the farm.
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Connected children with nature, promoting social engagement, supporting their mental health, and empowering them to thrive.
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Provided opportunities for young people to build confidence, encourage self-belief, and create lasting memories through engaging activities.
-
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Stakeholder feedback remains a priority to ensure continuous service development. One initiative, the "WOW board," allows young visitors to share reflections, thank others, and celebrate achievements. This feedback is vital in shaping our communications and improving service delivery to meet the needs of our beneficiaries effectively.
We also ask teachers to fill in evaluation forms to gain insight and measure our social impact. While there can be some reluctance, we aim to improve how we gather this information and are developing more efficient methods for collecting and analysing feedback.
The Trustees are proud of the charity's impact and extend their gratitude to the dedicated staff team, whose unwavering commitment ensures that every child visiting Lineham Farm feels safe, welcome, and inspired.
Marketing and Community Engagement
The Trustees are delighted to report significant progress in enhancing the charity’s visibility within the Leeds community. This year, there has been substantial growth in social media engagement, reflected in an increase in followers across platforms and a notable rise in website visits. These outcomes demonstrate that our marketing efforts are making an impact, driving awareness and connection with our work.
While these achievements are encouraging, the Trustees acknowledge there is more to do. Strengthening our outreach efforts remains a priority to ensure we continue to connect with a broader audience, attract new supporters, and deepen existing donor relationships. We must focus on converting the social media opportunities to maximise fundraising impact and further our mission.
Looking Ahead
The Trustees have appointed a new CEO, following the planned retirement of the current CEO. This leadership transition marks an opportunity to review and revitalise the charity’s strategic direction. Over the next 3-5 years, the Trustees will focus on:
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Developing a comprehensive strategy and fundraising plan to secure the charity’s sustainability.
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Strengthening infrastructure to enhance operational efficiency and service delivery.
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Deepening engagement with stakeholders to reaffirm and expand the charity’s reach.
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Revisiting the charity’s mission and vision to ensure alignment with future goals and community needs.
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Enhancing governance practices by building on the expertise and capacity of the Board, ensuring robust oversight and strategic leadership.
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Expanding the charity’s event offerings in 2025, building on the success of Halloween and Christmas events in 2024. By hosting more events, we aim to increase community engagement and bring more people to Lineham Farm. This strategy will help broaden our reach and support base, including attracting local support from neighbours as both volunteers and potential donors.
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Reviewing our current IT structure and service to ensure it is robust, secure, and fit for purpose. This review will focus on safeguarding data, streamlining operations, and supporting the charity’s growth and engagement efforts.
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Our aim is to increase income in the new financial year by 40%.
Governance and Board Development
As part of our commitment to ensuring robust governance, the Trustees have reflected on the current Board's strengths and identified areas for growth. Recruiting new Trustees with diverse skills and experiences is essential to building a stronger foundation for the future. This process will help us enhance strategic oversight and bring fresh perspectives to our work.
New Trustees will play a crucial role in supporting the charity’s mission, driving innovation, and ensuring long-term sustainability. By strengthening the Board, we aim to position the organisation for greater impact and ensure it continues to meet the needs of our stakeholders effectively.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Financial Review
At year-end, the charity held total funds of £3,087,460 (2023: £3,236,317), comprising:
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Unrestricted funds: £636,171 (2023: £630,936)
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Designated funds: £2,433,518 (2023: £2,600,373)
-
Restricted funds: £17,771 (2023: £5,008)
The charity is in a strong financial position, despite ongoing economic challenges. Reserves policy ensures 6 to 9 months of running costs are maintained, with surplus funds earmarked for investment in line with the Trustees’ strategy.
Income from the trading subsidiary, which operates weddings and private hires, generated a profit of £5,019 (2023: £33,157), gift-aided back to the charity. Donation and grant income continue to play a crucial role in sustaining the charity’s operations and development.
In 2020 following the merger of the Leeds Children’s Charity and Lineham Farm Children’s Centre, the assets and activities of both were transferred into the Charity. For accounting purposes a value was placed on the assets transferred, and the leasehold on the property was placed into designated funds, recognising that it is not available for sale.
Use of Volunteers
The charity is immensely grateful for the support of over 80 corporate volunteers who contribute to maintaining the farm’s facilities. Regular volunteers also provide invaluable support for infrastructure management, helping ensure the site remains a welcoming and safe environment.
Rick Management
The Trustees regularly review potential risks to the charity and implement strategies to mitigate them. Recognising the unique role of the charity in Leeds, the Trustees ensure long-term plans align with their commitment to delivering vital services for the community.
Structure, Governance and Management
Leeds Children’s Charity at Lineham Farm is a CIO, constituted on 8 February 2018, and registered under charity number 1177062. The Board of Trustees administers the charity through regular meetings and subcommittees. Trustees actively participate in operational aspects, including events, IT, and marketing, supporting the staff team to deliver the charity’s objectives effectively.
The Trustees are committed to enhancing governance practices by recruiting additional members with diverse skills and experiences. This will strengthen strategic oversight and ensure the charity is well-positioned to meet future challenges.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
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 C Chapman (Resigned 11 July 2023) Mr I Hargreaves (Chair) Mr D Whewell
Key management personnel was Dave Norman MBE - CEO
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.
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.
Acknowledgements
The Trustees express their deepest gratitude to the charity’s supporters, funders, and volunteers. The continued success of Leeds Children’s Charity at Lineham Farm is a testament to the unwavering dedication of everyone involved.
The trustees' report was approved by the Board of Trustees.
Mr I Hargreaves (Chair)
Chairman
28 January 2025
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
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 2024 which comprise the statement of financial activities, the summary income and expenditure account, the balance sheet 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:
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give a true and fair view of the state of the charity’s affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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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:
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the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
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:
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Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
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Reviewing minutes of meetings of those charged with governance;
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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;
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Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
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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.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
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
28 January 2025
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.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income and endowments from: Donations and legacies 3 191,057 79,443 Charitable activities 4 282,364 - Investments 5 - - Other income 6 61,627 - Total income 535,048 79,443 Expenditure on: Raising funds 7 53,594 - Charitable activities 8 643,074 66,680 Total resources expended 696,668 66,680 Net movement in funds (161,620) 12,763 Fund balances at 1 April 2023 3,231,309 5,008 Fund balances at 31 March 2024 3,069,689 17,771 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 270,500 140,182 128,800 282,364 289,677 - - 199 - 61,627 78,992 - 614,491 509,050 128,800 53,594 55,977 - 709,754 507,738 140,669 763,348 563,715 140,669 (148,857) (54,665) (11,869) 3,236,317 3,285,974 16,877 3,087,460 3,231,309 5,008 |
Total 2023 £ 268,982 289,677 199 78,992 637,850 55,977 648,407 704,384 (66,534) 3,302,851 3,236,317 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted | Restricted | **Total ** | **Unrestricted ** | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | ||
| Notes | £ | £ | £ | ||||
| Income and endowments from: | |||||||
| Donations and | |||||||
| legacies | 3 | 196,076 | 79,443 | 275,519 | 173,339 | 128,800 | 302,139 |
| Charitable activities | 4 | 282,364 | - | 282,364 | 289,677 | - | 289,677 |
| Investments | 5 | - | - | - | 199 | - | 199 |
| Other income | 6 | 2,061 | - | 2,061 | 9,952 | - | 9,952 |
| Total income | 480,501 | 79,443 | 559,944 | 473,167 | 128,800 | 601,967 | |
| Expenditure on: | |||||||
| Raising funds | 7 | 53,594 | - | 53,594 | 55,977 | - | 55,977 |
| Charitable activities | 8 | 588,527 | 66,680 | 655,207 | 471,855 | 140,669 | 612,524 |
| Total resources expended | 642,121 | 66,680 | 708,801 | 527,832 | 140,669 | 668,501 | |
| Net movement in funds | (161,620) | 12,763 | (148,857) | (54,665) | (11,869) | (66,534) | |
| Fund balances at 1 | April 2023 | 3,231,309 | 5,008 | 3,236,317 | 3,285,974 | 16,877 | 3,302,851 |
| Fund balances at 31 March 2024 | 3,069,689 | 17,771 | 3,087,460 | 3,231,309 | 5,008 | 3,236,317 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
| 2024 Notes £ £ Fixed assets Tangible assets 13 1,814,100 Current assets Debtors 16 56,421 Cash at bank and in hand 1,265,457 1,321,878 Creditors: amounts falling due within one year 17 (48,518) Net current assets 1,273,360 Total assets less current liabilities 3,087,460 Income funds Restricted funds 20 17,771 Unrestricted funds Designated funds 21 2,433,518 General unrestricted funds 636,171 3,069,689 3,087,460 The financial statements were approved by the Trustees on 28 January 2025 Mr I Hargreaves (Chair) Mr D Whewell Trustee Trustee |
2023 £ £ 1,813,487 89,432 1,396,612 1,486,044 (63,214) 1,422,830 3,236,317 5,008 2,600,373 630,936 3,231,309 3,236,317 |
2023 £ £ 1,813,487 89,432 1,396,612 1,486,044 (63,214) 1,422,830 3,236,317 5,008 2,600,373 630,936 3,231,309 3,236,317 |
|---|---|---|
| 3,236,317 | ||
| 5,008 3,231,309 |
||
| 3,236,317 | ||
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
CHARITY BALANCE SHEET
AS AT 31 MARCH 2024
| 2024 Notes £ £ Fixed assets Tangible assets 13 1,814,100 Investments 14 1 1,814,101 Current assets Debtors 16 142,434 Cash at bank and in hand 1,175,702 1,318,136 Creditors: amounts falling due within one year 17 (44,777) Net current assets 1,273,359 Total assets less current liabilities 3,087,460 Income funds Restricted funds 20 17,771 Unrestricted funds Designated funds 21 2,433,518 General unrestricted funds 636,171 3,069,689 3,087,460 The financial statements were approved by the Trustees on 28 January 2025 Mr I Hargreaves (Chair) Mr D Whewell Trustee Trustee |
2023 £ £ 1,813,487 1 1,813,488 137,101 1,335,528 1,472,629 (49,800) 1,422,829 3,236,317 5,008 2,600,373 630,936 3,231,309 3,236,317 |
2023 £ £ 1,813,487 1 1,813,488 137,101 1,335,528 1,472,629 (49,800) 1,422,829 3,236,317 5,008 2,600,373 630,936 3,231,309 3,236,317 |
|---|---|---|
| 1,813,488 1,422,829 |
||
| 3,236,317 | ||
| 5,008 3,231,309 |
||
| 3,236,317 | ||
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
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 Computers Enter depreciation rate via StatDB - cd198
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.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
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.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Donations and legacies
Group
| Group | ||
|---|---|---|
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 138,552 - Legacies 30,105 - Grants receivable 22,400 79,443 191,057 79,443 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 138,552 74,593 15,289 30,105 38,000 - 101,843 27,589 113,511 270,500 140,182 128,800 |
Total 2023 £ 89,882 38,000 141,100 |
| 268,982 |
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| Donations and legacies Unrestricted Restricted 2024 2024 Grants receivable for core activities Linden Charitable Trust - - The National Lottery Community Fund - - Leeds Community Foundation - 14,368 HSBC - - Tesco - - Hays Travel Foundation - - B&Q Foundation - - Wades Charity - 3,500 The Hobson Charity - - Screwfix Foundation - - Skipton Building Society - - Sir George Martin Trust - - FABB - - Ilkley and District - 1,040 The Seedlings Foundation - - Warburtons Community Foundation - - Asda Foundation - - CSW Process Ltd - - GBS - - Homeserve Boilers - - Kelling Group - - Kirke's Charity - - Peacock's Trust - - The Right Fuelcard - - Sovereign Healthcare - 3,750 Sainsburys - 1,500 Mazars Charitable Trust - 8,000 Branhope Trust - 1,000 Sport England - 13,185 FABB - 20,000 The Charles & Elsie Sykes Trust - 4,000 B&Q Foundation - 5,000 CLA Charitable Trust - 3,000 Bruce Wake Charitable Trust - 1,100 Forrester Family Trust 15,000 - Brabners Foundation 3,000 - Olive Lawerence Memorial Trust 1,000 - The Grace Trust 1,000 - Others < £1000 2,400 - 22,400 79,443 |
(Continued) Total Unrestricted Restricted Total 2024 2023 2023 2023 - 1,000 - 1,000 - - 9,600 9,600 14,368 - 26,632 26,632 - - 30,000 30,000 - - 10,000 10,000 - - 8,720 8,720 - - 4,859 4,859 3,500 - 5,000 5,000 - - 4,500 4,500 - - 4,500 4,500 - - 2,800 2,800 - - 2,700 2,700 - - 2,000 2,000 1,040 - 1,000 1,000 - - 800 800 - - 400 400 - 1,500 - 1,500 - 10,000 - 10,000 - 662 - 662 - 250 - 250 - 8,955 - 8,955 - 500 - 500 - 500 - 500 - 4,222 - 4,222 3,750 - - - 1,500 - - - 8,000 - - - 1,000 - - - 13,185 - - - 20,000 - - - 4,000 - - - 5,000 - - - 3,000 - - - 1,100 - - - 15,000 3,000 - - - 1,000 - - - 1,000 - - - 2,400 - - - 101,843 27,589 113,511 141,100 |
(Continued) Total Unrestricted Restricted Total 2024 2023 2023 2023 - 1,000 - 1,000 - - 9,600 9,600 14,368 - 26,632 26,632 - - 30,000 30,000 - - 10,000 10,000 - - 8,720 8,720 - - 4,859 4,859 3,500 - 5,000 5,000 - - 4,500 4,500 - - 4,500 4,500 - - 2,800 2,800 - - 2,700 2,700 - - 2,000 2,000 1,040 - 1,000 1,000 - - 800 800 - - 400 400 - 1,500 - 1,500 - 10,000 - 10,000 - 662 - 662 - 250 - 250 - 8,955 - 8,955 - 500 - 500 - 500 - 500 - 4,222 - 4,222 3,750 - - - 1,500 - - - 8,000 - - - 1,000 - - - 13,185 - - - 20,000 - - - 4,000 - - - 5,000 - - - 3,000 - - - 1,100 - - - 15,000 3,000 - - - 1,000 - - - 1,000 - - - 2,400 - - - 101,843 27,589 113,511 141,100 |
|---|---|---|
| 141,100 |
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| Donations and legacies Charity Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 143,571 - Legacies receivable 30,105 - Grants receivable 22,400 79,443 196,076 79,443 |
(Continued) Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 £ £ £ £ 143,571 107,750 15,289 123,039 30,105 38,000 - 38,000 101,843 27,589 113,511 141,100 275,519 173,339 128,800 302,139 |
(Continued) Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 £ £ £ £ 143,571 107,750 15,289 123,039 30,105 38,000 - 38,000 101,843 27,589 113,511 141,100 275,519 173,339 128,800 302,139 |
|---|---|---|
| 302,139 |
4 Charitable activities
| School | Day visit | Total | School | Day visit | Total | |
|---|---|---|---|---|---|---|
| bookings | income | bookings | income | |||
| income | income | |||||
| 2024 | 2024 | 2024 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | £ | £ | |
| Sales within | ||||||
| charitable activities | 265,081 | 17,283 | 282,364 | 274,407 | 15,270 | 289,677 |
5 Investments - Group and Charity
| Interest receivable Other Income - Group Unrestricted funds 2024 £ Other income 61,627 |
Total Unrestricted funds 2024 2023 £ £ - 199 Unrestricted funds 2023 £ 78,992 |
|---|---|
-
6 Other Income - Group
-
19 -
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 6 7 |
Other Income - Group Other Income - Charity Unrestricted funds 2024 £ Other income 2,061 Raising funds Group and Charity Unrestricted Restricted funds funds 2024 2024 £ £ Fundraising and publicity Seeking donations, grants and legacies 7,622 - Advertising 45,972 - 53,594 - |
(Continued) Unrestricted funds 2023 £ 9,952 Total Unrestricted funds 2024 2023 £ £ 7,622 2,083 45,972 53,894 53,594 55,977 |
(Continued) Unrestricted funds 2023 £ 9,952 Total Unrestricted funds 2024 2023 £ £ 7,622 2,083 45,972 53,894 53,594 55,977 |
|---|---|---|---|
| 55,977 |
- 20 -
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
8 Charitable activities
Group
| Group | ||
|---|---|---|
| Charitable | Charitable |
|
| Expenditure | Expenditure | |
| 2024 | 2023 | |
| £ | £ | |
| Staff costs | 276,273 | 230,413 |
| Staff related costs | 5,768 | 3,012 |
| Activity costs | 24,689 | 25,138 |
| Food catering costs | 53,963 | 49,834 |
| Livestock | 3,984 | 4,433 |
| Vehicle and boat costs | 33,404 | 2,367 |
| Building, accommodation and site running costs | 17,579 | 48,721 |
| Staff secondment costs | 121,271 | 128,922 |
| 536,931 | 492,840 | |
| Share of support costs (see note 9) | 169,958 | 148,417 |
| Share of governance costs (see note 9) | 7,865 | 7,150 |
| 709,754 | 648,407 | |
| Analysis by fund | ||
| Unrestricted funds | 643,074 | 507,738 |
| Restricted funds | 66,680 | 140,669 |
| 709,754 | 648,407 |
- 21 -
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
8 Charitable activities
(Continued)
| Charity | ||
|---|---|---|
| Charitable | Charitable |
|
| Expenditure | Expenditure | |
| 2024 | 2023 | |
| £ | £ | |
| Staff costs | 259,244 | 225,099 |
| Staff related costs | 5,767 | 3,011 |
| Activity costs | 14,544 | 23,637 |
| Food catering costs | 53,963 | 49,834 |
| Livestock | 3,984 | 4,433 |
| Vehicle and boat costs | 2,241 | 2,367 |
| Building, accommodation and site running costs | 38,982 | 43,505 |
| Staff secondment costs | 121,272 | 128,921 |
| 499,997 | 480,807 | |
| Share of support costs (see note 9) | 147,345 | 124,567 |
| Share of governance costs (see note 9) | 7,865 | 7,150 |
| 655,207 | 612,524 | |
| Analysis by fund | ||
| Unrestricted funds | 588,527 | 471,854 |
| Restricted funds | 66,680 | 140,669 |
| 655,207 | 612,523 |
- 22 -
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
9 Support costs
Group
| Group | ||||
|---|---|---|---|---|
| Depreciation Recruitment fees Insurance Legal and professional Communications and IT Rates and utilities Building maintenance Office supplies Publicity Finance costs Website costs Sundry Audit fees Analysed between Charitable activities |
Support costs Governance costs £ £ 37,776 - - - 18,586 - 32,430 - 20,067 - 30,692 - 17,792 - 110 - 7,514 - 298 - 2,395 - 2,298 - - 7,865 169,958 7,865 169,958 7,865 |
2024 £ 37,776 - 18,586 32,430 20,067 30,692 17,792 110 7,514 298 2,395 2,298 7,865 177,823 177,823 |
Support costs Governance costs £ £ 33,854 - 6,189 - 19,519 - 11,859 - 4,141 - 29,975 - 25,965 - 467 - 10,100 - 635 - 5,076 - 637 - - 7,150 148,417 7,150 148,417 7,150 |
2023 £ 33,854 6,189 19,519 11,859 4,141 29,975 25,965 467 10,100 635 5,076 637 7,150 |
| 155,567 | ||||
| 155,567 |
Governance costs includes payments to the auditors of £7,865 (2023- £7,150) for audit fees.
- 23 -
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
9 Support costs
(Continued)
Charity
| Depreciation Insurance Legal and professional Communications and IT Rates and utiliies Building maintenance Office supplies Publicity Finance costs Website costs Sundry Audit fees |
Support costs Governance costs £ £ 37,776 - 18,586 - 26,185 - 18,096 - 27,049 - 15,737 - 110 - - - - - 1,509 - 2,297 - - 7,865 147,345 7,865 |
2024 £ 37,776 18,586 26,185 18,096 27,049 15,737 110 - - 1,509 2,297 7,865 155,210 |
Support costs Governance costs £ £ 33,854 - 19,520 - 16,143 - 3,316 - 23,194 - 22,608 - 293 - - - 561 - 4,441 - 636 - - 7,150 124,566 7,150 |
2023 £ 33,854 19,520 16,143 3,316 23,194 22,608 293 - 561 4,441 636 7,150 |
|---|---|---|---|---|
| 131,716 |
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 (2023 - Nil).
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 |
2024 Number 17 2024 £ 249,832 8,499 17,942 276,273 |
2023 Number 16 |
|---|---|---|
| 2023 £ 213,179 11,768 5,467 |
||
| 230,414 |
There were no employees whose annual remuneration was more than £60,000.
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.
- 24 -
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
13 Tangible fixed assets
Group and Charity
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation and impairment At 1 April 2023 Depreciation charged in the year At 31 March 2024 Carrying amount At 31 March 2024 At 31 March 2023 |
Leasehold land and buildings £ 1,791,562 14,783 1,806,345 30,518 32,309 62,827 1,743,518 1,761,044 |
Plant and equipment Fixtures and fittings £ £ 9,000 72,069 13,955 14,221 22,955 86,290 2,850 25,776 1,508 9,356 4,358 35,132 18,597 51,158 6,150 46,293 |
Computers £ - 827 827 - - - 827 - |
Total £ 1,872,631 43,786 |
|---|---|---|---|---|
| 1,916,417 | ||||
| 59,144 43,173 |
||||
| 102,317 | ||||
| 1,814,100 | ||||
| 1,813,487 |
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
| Investments in subsidiaries | 2024 £ 1 1 |
2023 £ 1 |
|---|---|---|
| 1 |
- 25 -
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
15 Subsidiaries
| Name of undertaking and country | of | Nature of business | Nature of business | Class of | % Held |
|---|---|---|---|---|---|
| incorporation or residency | sharehol | Direct | |||
| ding | |||||
| LCCLF Trading Limited | England | Events venue | Ordinary | 100.00 | |
| The aggregate capital and reserves | and the result for | the year of subsidiary was as follows: | |||
| Name of undertaking | Capital and | Turnover | Expense | Profit/(Loss | |
| reserves | s | ) | |||
| £ | £ | £ | £ | ||
| LCCLF Trading Limited | 1 | 64,963 | (64,963) | - | |
| Company no. 12049173 |
- 26 -
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 16 Debtors Amounts falling due within one year: Trade debtors Amounts owed by subsidiary undertakings Other debtors Prepayments and accrued income 17 Creditors: amounts falling due within one year Notes Other taxation and social security Deferred income 18 Trade creditors Accruals 18 Deferred income Other deferred income |
Group 2024 2023 £ £ 53,001 89,432 - - - - 3,420 - 56,421 89,432 Group 2024 2023 £ £ 7,719 2,664 1,075 1,075 2,639 31,761 37,085 27,714 48,518 63,214 Group 2024 2023 £ £ 1,075 1,075 |
Charity 2024 2023 £ £ 52,999 89,431 86,015 44,584 - 3,086 3,420 - 142,434 137,101 Charity 2024 2023 £ £ 5,054 - - - 2,639 22,086 37,084 27,714 44,777 49,800 Charity 2024 2023 £ £ - - |
Charity 2024 2023 £ £ 52,999 89,431 86,015 44,584 - 3,086 3,420 - 142,434 137,101 Charity 2024 2023 £ £ 5,054 - - - 2,639 22,086 37,084 27,714 44,777 49,800 Charity 2024 2023 £ £ - - |
|---|---|---|---|
| 49,800 | |||
| 2023 £ - |
Deferred income relates to wedding deposits received and school bookings.
19 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 £17,942 (2023 - £5,467).
- 27 -
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
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:
| Movement in funds Balance at 1 April 2022 Incoming resources Resources expended Balance at 1 April 2023 r £ £ £ £ Health and Camping 16,877 - (16,877) - Renovation - 30,000 (30,000) - Clothing - 2,500 (2,500) - Rural Payment - Woodland Grant - 5,019 (5,019) - Equipment - 38,059 (38,059) - Heating - 9,000 (4,759) 4,241 Holiday Food - 32,402 (32,402) - Weekend Delivery - 8,720 (7,953) 767 Wildlife education - 400 (400) - Healthy cooking scheme - 2,700 (2,700) - Summer Day 2023 - - - - Building maintenance - - - - 16,877 128,800 140,669 5,008 |
Movement in funds Incoming esources Resources expended £ £ 52,785 (35,014) (4,241) 14,368 (14,368) (767) 5,250 (5,250) 2,040 (2,040) 5,000 (5,000) 79,443 66,680 |
Transfers Balance at 31 March 2024 £ £ - - - - 17,771 - - - - - - - - - 17,771 |
Transfers Balance at 31 March 2024 £ £ - - - - 17,771 - - - - - - - - - 17,771 |
|---|---|---|---|
| 17,771 |
- 28 -
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
20 Restricted funds - Group and Charity
(Continued)
During the prior period funding was provided by Screwfix Foundation and The Hobson Charity for energy bills, the balance of this fund was utilised during the current peroid.
Grants were provided by Wades Charity, Mazars Charitable Trust, Sports England,The Charles & Elsie Sykes Trust, The CLA Charitable Trust, the Bruce Walker Trust and FABB for activity equipment.
Funding for food and healthy eating was provided by the Leeds Commuinty Foundation, Sovereign Healthcare, Sainsbury's Coomunit Grant Fund, Ilkely & District Round Table and The Bramhope Trust.
Building maintenance was funded by the B&Q foundation.
- 29 -
Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
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 2022 £ Refurbishment of the Centre 289,329 Property 1,750,000 Contingency/running costs - 2,039,329 |
Transfers Balance at 1 April 2023 £ £ 300,000 589,329 11,044 1,761,044 250,000 250,000 (561,044) 2,600,373 |
Resources expended £ (149,329) - - (149,329) |
Transfers 31 £ - (17,526) - (17,526) |
Balance at March 2024 £ 440,000 1,743,518 250,000 |
|---|---|---|---|---|
| 2,433,518 |
Transfers out of the fund represent the purchase or revaluation of fixed assets.
In 2020 following the merger of the Leeds Children’s Charity and Lineham Farm Children’s Centre, the assets and activities of both were transferred into the Charity. For accounting purposes a value was placed on the assets transferred, and the leasehold on the property was placed into designated funds, recognising that it is not available for sale.
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
22 Analysis of net assets between funds - Group
| Unrestricted funds Designated funds Restricted funds 2024 2024 2024 £ £ £ Fund balances at 31 March 2024 are represented by: Tangible assets 70,582 1,743,518 - Current assets/(liabilities) 565,589 690,000 17,771 636,171 2,433,518 17,771 19 Analysis of net assets between funds - Charity Unrestricted funds Designated funds Restricted funds 2024 2024 2024 £ £ £ Fund balances at 31 March 2024 are represented by: Tangible assets 70,582 1,743,518 - Investments 1 - - Current assets/(liabilities) 565,588 690,000 17,771 636,171 2,433,518 17,771 |
Total Unrestricted funds Designated funds Restricted funds 2024 2023 2023 2023 £ £ £ £ 1,814,100 52,443 1,761,044 - 1,273,360 578,493 839,329 5,008 3,087,460 630,936 2,600,373 5,008 Total Unrestricted funds Designated funds Restricted funds 2024 2023 2023 2023 £ £ £ £ 1,814,100 52,443 1,761,044 - 1 1 - - 1,273,359 578,493 839,329 5,008 3,087,460 630,937 2,600,373 5,008 |
Total 2023 £ 1,813,487 1,422,830 |
|---|---|---|
| 3,236,317 | ||
| Total 2023 £ 1,813,487 1 1,422,830 |
||
| 3,236,318 |
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Docusign Envelope ID: 05E0C454-28AA-42BD-BE97-E127978DA5B7
LEEDS CHILDREN'S CHARITY AT LINEHAM FARM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
24 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Aggregate compensation | 63,000 | 60,750 |
During the year £51,000 (2023 - £51,000) was paid to Next Level Business Development, a company connected to Ian Hargreaves for marketing services. At the year end £nil (2023 - £nil) was owed to this company.
Except for those disclosed in note 10, there were no further related party transactions requiring disclosure.
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