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2024-03-31-accounts

Trust Leeds Charity number 1182738 A company limited by guaranlee numt*r 11331021 Annual Report and Financlal Statements for the year ended 31 March 2024 TRUST LEEDS Nurturing business. Growing ideas. WYCAS CONk¢UNITY iccèur4Tir40

Trust Leeds Annual Report and Financlal Statements for the year ended 31 March 2024 Contents Page Trustees, report 2to8 Examineffs report Statement of finanaal activities 10 Balance sheel Notes to the accounts 12to18 Prepared by West Yorkshire Community Accountancy Service CIO

Trust Leeds Trustees. report for the year ended 31 March 2024 Rgference and adminlstrntlve detalls of the Charity, its trustees and advlsors The trustees during the financial year and up tr) and including the dale the report was approved were.. Nam8 Position Dates Sandra Needham Chair from Janwy 24 Appointed 26 October 2023 Cath Follin Vice Chair Gary Wilson-Poe Treasurer Salty-Anne Greenfidd Yann Nichdas ¢hoiniere Natasha Babar-Evans Tim Sinclair Malcolm Hall Compary secretary Chair lo January 24 Resigned g January 2024 Resigned 26 October 2023 Charlty number Company numbèr 1182738 Registered in England and Wales 11331021 Registered in England and Wales Flnanclal Conduct Authorlty numb•r 973871 R&g￿t•r•d and prlnclpal •ddrgSS 47-49 Austhorpe Road Leeds LS15 88A BJnkgr¥ TricJos Deantsyy Road Bristol BS1 SAS Independent examlner Alan Dodd FCCA West Yorkshlre Communlty Accounlancy SeThilce CIO Stringer House 34 Lupton Street Leeds LS10 2QW Structure. governance and management The charity is a eompany limrted by guar)tee 8nd was fomied on 26 April 2018. It Is govemed by a memorandum and articles of association. The only persons eligib￿ lo be memters of the charity are ils trustees. The liability of the members in the event of the company being wound up is limited lo a sum not exceeding £1. Method of rfjcrultment and appointrnent of trustees The Iruslegs of the charty arg also the directors for the wrposes of company law and are appointed by a resolution passed al a properly convened meet¢ng of the Tfuslees.

Trust Leeds Trustees. report (continued) for the year ended 31 March 2024 Objectlves and actlvltles The charity's objects The objects of the charity are the furtherance of such charitable purposes (charitsble under the law of England and Wales) lor the ￿nefit of the public as the Trustees see fit fr(yn time to lime in the area of benefit in paTbcular but not lirnited to". lal the prevention or relief of wverty,. Ib) supporting the work of charities or furtheriThJ charitable purp95es vthich advance good citizenship or community development in particular womoting community capacty building and urban and rural regeneration including the provision of financi81 assistance. lechnical assistance or business advice or consultancy in ¢yder to provide training and employrnenl opportunibes unem ￿0Yed people in cases of financial or other charitable need through help.. lil in setting up their own busi￿$$.. or lill lo existing businesses. Icl the advancement of educalion by provKling support lo community groups that seek lo advance the education and skills of persons at risk of financial exclusion and povety". and Idl the relief ol thosg in need by reason of age. ill-heallh. disats'lity, financial hardship, unemployment or other di￿dVantag8. Thè charlty'8 maln •rtlvltl•8 Trust Leeds work5- and walks- along¥ide peoF4e. hdping them to improve thelr lives by building financlal independence, confidence and skills. We do thi8 in three ways.. Nurturing community Seif-Relianl Groups (SRGsl hich Lwild C•yffiden¢e, skills. savings aTrJ enterpri thinking in peer supwrt groups. Energising 'Be Your Own Boss. SeW-Rellant Groups, which support unemployed ard under-employed people.. lo think through the personal. financial and operats'onal consideTalion5 of becoming self- employed., lo have the key features of their business pkqn in pl8ee', and to grow a cohort of peer8 and business ¢oaches to build their conffide￿e and business. Providing small, ethical personal loans for bUsI￿sS wrposes for enwnsing people who txe money or credit prO￿emS. Publlc benefit statement In setting our objeelives and planning our xkn"viiies our Trustees have given seriou$ consideration to the Charty Commission's general guKlance on Wb1￿ benefil and in particular the allewation of povèrty. Our Brand Nurturing confidence. Growng enterprise. Our Purpos Trust Leeds addresses poverty, scdal isolation and ffinartial exclusion by wDrking- and walking - alongside enterprising people and Communities. We use the global modds of ￿f-R￿IanI Grou￿ and micrt>finance to help people to improve thelr lives. By supporting people lo develop skills, confidence and financial in(*ndence they imFyove their c>wn health. wealth and wellbwng. Our Values Ambitious, collaborative, compassionate. emFowering.

Trust Leeds Trustees. report (continued) for the year ended 31 March 2024 The charlty'5 main objfjctives for the period were: To ￿lId the network of Self-Relianl Groups by." a. Completing our new pilot Self-Relkgnt Gr¢YJP development yogramrne. SRG Minds, in partnership wrth Forum Central. the NHS and charty partners in the Transforming Mentsl Health strategy. b. Delivering and evaluating the Supem)arket Savers self-rdianl group model. Commence regulated lending athity. Build on the successful SRG Facilitator training programme arKI delNer fLWther training session$ for members, and communty & mental health SUPFQrt VKsrkers. 8tructurg and Management W8 achieved Financial Con(Juct Authority approval for consumer credit le￿Ir￿j in April 2023 ,agre8ing lo Postpone lending and slowly lay the fountlations of relatiefiships to promote our specrfic loans throughout this year, with a view lo re-launchtng the muo-finance ￿nthng operation from April 2024. This decision wa8 driven by the achievement of three new prq.ect funds lo develop the self-reliant group model. The Board's hvo commlttee$ {Finan¢e & Loans. and Govemance. HR & fundraising) Gontinued underpln the quarterly Board meetings. A governance focus this year w88 to man4e the smc4Xh handover of the role of Chair of Trustees from founding Chair Tim Sinclair to new Truslee Sandy Needham, OBE, DL. Tim's leadership of Trust Leeds, from concept through establishment sts9e then and to developmenl'era. was ackn￿edged by Trustee5 who Ihanked him for his ambibous and I￿U$$ed leadership. The Board wa5 thrilled to welcome Sandy who has a wealth of experience as a Company Director and tharity Trustee induding being.. a founding Director of Community Development FInar￿la1 Inslitulion the Business Enterprise Fund where she played g strategic and governance role for over 20 years. and a Director and Chair of the YorkshiTe & Humber Chamb¢r$ of Commerce where she demonslraled qualities ol stskehokler engagement and leadership. The Board also welcomed Sarah Blythe as 'SRG Adwsor lo Ihe Board,. Sarah had been 8 memkr of the first self-relianl group in Leed$. the Glitter Fairies SRG, and then com ￿ete￿ the 'Be Your Own Boss SRG. programme before setting up her own kitchen-tsble business pfovhding balloons for all occasions. Sarah's contributions al Board meetings, alongside Twslee visrts lo SRG events and aetivities. ond our forrnal and informal impact evduation programme, sefve lo ensure that the voieEs of INed experience of our members and borrowers is heard and incorporated into Tnlst Le6Ys' strategic d￿￿10r￿maklng. Membership of Responsible Finance Ilhe trade associati'on Community Development Financial Irtslilulionsl, the National Counal for Voluntary Action and other intrastruclure b(xJies, along with f￿MaY and informal training. a partnership with three olher charilies developiNJ the self-relAnl group model, and professional experu'se from Wesl Yorkshire Communty Acc(NJnting Service, help the Board lo maintsin appropriate skills. perspectives and kn￿edg9-base to fuffil thar tr)¥eman￿ arKI leadership roles. Pay and Rèmuneration All Trustees give their time treely and rton8 reC￿ved remuneration. Trustee5 are encouraged lo daim appropriate expenses. and the costs of Board meetings ￿ere kept low by the use of free meetiTha space courtesy of Clarion Solicitors and by eonducting committee meetir4J$ online. Twst Leeds had 1.3 lull-time equivalent employees during this period, and their remuneration was sel by the Board. The Governance & HR Committee monit￿ed and supw)rted the Annual Review programme, aTrJ undertook ex(t intemews with stsff %then c￿tracts ended.

Trust Leeds Trustees. report Icontinued) for the year ended 31 March 2024 Achlevements and perforniance The Key Performance Indicators arKI achievements I￿u￿9￿". To aehleve fundraising income of £107,000. Pr ress. £99,000 of fundraising income was xhieved. with a further £8.[￿10 commiited through a grant programme vknich crosse5 inlo the nexi financial year. To nurture 7 new Self-Rellant Groups. Etowss.. We supported 9 potential groups of people ￿shIng to set up their 5elf-relianl group, of which S flourished lo form their own idenlty and purpose, meet regulady, and saved, shared & learned together. Furthermore. we also ran our innovalive'Be Your Own Boss ' prc4ramme for a further self-reliant groups wtho. cffl Com￿etion of thi$ 12 week introduCt￿n to startlng up kitGhen-table business, be¢ome members of the monthly Be Your Own Bo88 group. To Invest 3 mlcro-loans and 3 honour lo#ns. ress.. Trust Leeds had been successful in achieving fundiro for three new Self-Relianl Group projects, so decided lo focus on delivering these and move the relaunch of lending activity lo 202415. H¢)wever, 4 new honour loans were made lo membeTS in support of thwr enterprising endeavour¥, of 3 have alr•aty been repaid. To traln and support 26 pooplè In the SRG mod•l. Pro res L. Trust Leeds trained 35 people in the role aThJ value of sell-relianl groups, enabling 3 of them to nurture new SRGS in their own ¢ommunitses. AJI of those we train become members of our monthly SRG Facilitstor zoom coffee club. wknere people gain inspiration. supwrt and encouragement lo adopt the model. The resource of the SRG Lending Library, SRG Gatherings and devdopment activities are available lo them. alon9 Wth expert and experiencod guidance from the Chief ExecLrtive and part-tsme staff.

Trust Leeds Trustees. report (continued) for the year ended 31 March 2024 Plans for Future Perlod The Board will hold a Strategy Session in Summer 2024 to review ts performan￿ in ow'Developmenl Era, and18y the foundations for the next Ihree-year strategic plan. Objective8 for the financial year 2024r25 indude raisir#J £70.CN)O of CO￿ fundityj lo enable.. our lean and fflexi￿e charity to develop its lending operakn (V￿1h a tsrgel of 12 micro-finance loans Sn the yearl., and the continued growth and support of community development and support workers trained adopt the self-reliant group model and nurture new SRGS in their communities of geography, need or interest. Our ovm SRG development activity wll focu5 on unique 'Be Your Own Boss, SRG programme and on our Transforming Mental Health project to demonstrate how this empowerirvj. purposeful and conneding model can support people f&ing complex Ment￿ health needs. bl Flnanclal revl The net expendrture for the year was £6,724, indudiry income of £2.790 on wrestricted funds and net exwndilure of £9,514 on restricted funds, after transfers. Highlights of this year'8 finan¢lal perfomiance relate lo our fundraising S￿￿$Se$ to deliver our purpose. It was thanks lo funding from the Leeds Community Foundation (Jimbo's Fund and Transforming Mentsl Health programmel that we were able lo devek)p our serf-relianl 9rtrJp work around themed SRGS,. and our eighleen-monlh 'Be Your Own Boss, SRSG programme was made possible thanks lo funding from the Leeds UKSPF Hyper-local programme. This is funded by from the UK Government through the UK Shared Prosperity Fund. We continue lo be grateful to the Tudor Trust for ils fifth-year of core c051s Support. Thanks lo the Leed5 commun￿ Foundation, we were avrarded a Cognizanl Fund grant to focus on our new initiative. 'Trust Leeds Digital Heart,. wih the obje¢tive of enhancing the digtal skills of ourselves and our member3. Smaller grants and donations were exp)nentialty helpfvl in supporting core costs and ¥euflc elements of our work. For example.. the TP'JOY & Rectr3nl¢ion Fund, meant we ¢￿Id Sup￿1 individual members affected by the cost of Ilving crisis.. Pamela Hopkinson of Re.'Vamp Marketing land her brothers} completed the Thames Path Challenge sponsored walk, donats'ng over £2,000". the Multiply project, funded by the UK Shared ProsFenty Fund, supported skills development for members, recognisryJ that everyone has potential txrt it wll remain just that unless you do something it., and ongoirrfJ monthly gifts from Ihe followng people were greauy 8ppreaaled.' Jo & Derek Powell, Mk Banks & Steve Leach. Gary Wilson-Poe. Nichdas Choiniere, Annie Kellett. Nicc4a Melling and Rachel It is thanks to this support that Trust Leeds has teen able to support members aTrJ borrowers facing the challerEes of eovid, the cost of INing crisis. poverty arKi financial exdusion. The trustees have assessed the chanils ability to continue for al least 12 months from the dale that the accounts are approved, and ccmcluded that no matenal uneertaints'es exist that cast significant doubl on the charivs abilTty lo meet its liabilities as they fall due. Quarterty board meetings include 8 detailed review of.. budgets and foreca51s-, performance 8g8inst budgets and oulpulsnargels committed to funders and donors., and options and needs lo b81ance forecast irKome, fundraisirvJ opportunty assessments. aTrJ project development ambitsons.

Trust Leeds

Trustees' report (continued) for the year ended 31 March 2024

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £31,706.

A further £30,143 of restricted donations is held for the purpose of supporting the running costs of the micro­ finance operation.

The Trustees have reviewed their reserves policy this year, and continue to agree a target for unrestricted reserves of between three and nine months of operating costs. This reserves target is currently in the range of £22,000 to £45,000. This includes: salaries, redundancy payments, project completion costs and a £3,000 allocation towards the costs of winding-down the lending operation over a 12-month period. This will allow Trust Leeds to provide continuity of charitable activities in the event of: variations and fluctuations in fundraising income and cash; emergencies; and in the case of winding down.

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TRUST ILEEDS Nuturing confidence. Gfowing enterprlse. Improving lives in Leeds 01+ NLSrturiny Communtty Seif-ReTlant GrouE• nerglblng B• r 04Yn SeW4•ll•M FiThancial Hwlth & WÈllbèln9 Impact over the last two years 01. Nurturing Community Self-Reliant Groups {SRGs) 12 new Self-Rellant Groups facllltated WITH 83- 93% members women MEMBER'S FEEDBACK SHOWS 86% 70% 62/ 3￿/0 improved support networklfriends increased confKlen¢e improved mental health enhanced digital skills SRG Facilitator Training In our ambition to make Leeds a 'SRG City, we've trained 65 people to learn how to encourage & facilitate Self-Reliant Groups themselves. Feedback includes: 78% 100% rated their increase in knowledge as 5* rated the course as Excellent or Very Good •li Thanks again for such a brilliant two weeks. The energy ?. was fab throughout... I need to start to employ the learning asap so I don't forget.

  1. Energising Be Your Own Boss Self-Reliant Groups have completed our 12-week'Be Your Own Boss, SRG programme to understand the basics of setting up their own business. OVER members cohorts OF THESE 'KITCHEN-TABLE ENTREPRENEURS,: 32/ 29% 39/ Ir are now trading are now test-trading developing plans for self-employment ta pjce and stale whlch works for them attested that the BYOB programme helped them to improve their business (or pre-business) performance to a great extent. commenting: 83% "Greater confidence to make my idea a reality, SUPPOrt of a regular group, bellef that I C8n learn new skllls that I didn't thlnk I was naturally good at." "Clarity on how to move mybuslness Idea forward. lots of great tools demystlfylng the trlckier admln blts, a better Idea of the amount of support that Is out there for small businesses." .,Inye5t Trust Leeds invests its energy. support and As one of our donors explained. micro-finance In supporting under-served members and kitchen-table entrepreneurs. We can do this thanks to those donors. funders and supporters who Invest in us through their grants and gifts. Ihance Yyfnrfeed excéijlioh'él *" '"'J..:x:,.. LENDlhlCi." MONEY We achieved registration with the Financial Conduct Authority We've coiitinued with our mini loans to SRG membeis. niaking 10 'tiny yet mighty, loans, averaging £28 each, all repaid over12 months. £1 ¢).47 • £22.30 • £118.95 • to the Wellbelng Warriors to buy materials to make key rings they sold at a Trust Leeds market stall. for Llndsays soap-making starter kf(- she's now selling to famity and friends. for Nikki to develop her beauty range to include shea butter products. Now. we can roll-out our micro-finance loans to people like Oz who couldn't get a bank or start-up loan. yet we trusted her enough to lend her £1.000 to develop her website and social media marketing for her new reiki business.

NOW OUR MEMBERS AND BORROWERS ARE Generating incom¢ for themselves, their groups, and communities Supporting other charities and community groups Sharing their expertise with each other F8cilitsting their own SRGS Advocating. volunteering and fundraising for Trust Leeds LENDINC.. LIBRARY When money is tight. members find it hard to buy Items of equipment. materials and IT to underpin their enterprising endeavours. £3,500 50 jjj invested items by Trust Leeds to set up Lending Library of Things for members to borrow. In the library Includlng.. vlnyl cutter: prèsent8tlon stsnds,. PA system, knlttlng machlnè., gazebo.. Iro11ey." a glltter tsttoo klt., free WFI slms. Number Countdown 830 65• new SRG members people trained in facilitating SRGS 50 13¢ 12 items now In Lendlng Library of Things new partnerships created new Self-Reliant Groups facilitated 110 100 5 free sim cards provided tablets with WiFi lent to members SRG members travelled to meet groups in Manchester and Amsterdam 40 TftUST.LIi 1• market stalls held SRG resldentlals wonderful SRG 'Gathering of the Clan'l TRUST,LEEDS www.trustleeds.org.uk

Trust Leeds

Trustees' report (continued) for the year ended 31 March 2024

Statement of trustees' responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards_

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year_ In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently[; ]

observe the methods and principles in the Charities SORP;

make[j] udgements and estimates that are reasonable and prudent[; ]

state whether applicable UK accounting standards have been followed, sub[j] ect to any material departures disclosed and explained in the financial statements[; ]

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation_

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006_ 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_

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and FRS102)), and in accordance with the special provisions of the Reporting by Charities (Charities SORP[(] Companies Act 2006 relating to small companies_

App coved by the board of on .... 1.1'./[/] . 'l / 7-. !t ..... . � Signed:-- ~~----------_~~[�] Trustee) ~~�~~ Name: ..<fttJ'-�(-------4?,/��� •-f[0] �

App coved by the board of

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Trust Leeds

Independent examiner's report to the trustees of Trust Leeds

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024, which are set out on pages 13 to 21.

Responsibilities and basis of report

As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

WYCAS conduct the bookkeeping and complete the independent examination for the charity. The following criteria are met:

1) the independent examiner is a member of an approved body that has applied the FRC's Revised Ethical Standard;

2) there is documentary evidence in respect of the bookkeeping arrangements that the trustees were "informed management" and have made such judgements and decisions that are needed in relation to the presentation and disclsure of information in the financial statements;

3) the independent examiner was not the book-keeper nor does the examiner report directly to the bookkeeper.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: …………………………………… Name: Alan Dodd FCCA

16/10/2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

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Trust Leeds Statement of Financial Activities (including summary Income and expenditure account) for the year ended 31 March 2024 2024 Unre5trtcted fvnds 2024 Restrided funds 2024 Total funds 2023 Total funds Income from: Grants and donations Donated services Interest received Total Income pi 141 3,717 2.000 85.028 88,745 2.000 121,366 2,000 230 123,596 5,717 85.028 90,745 Expendlturo on: Salaries Nl and pensions Travel Events, PR, marketing and website Memberships Insurance Bank charge5 Professional fees Equipment IT and telephone Subsistence Fundraising SRG events and activitie8 Training Independent examination General office costs Governance and trustee eXpe￿s Freelance inlerpreler ar¥J communicaion$ Finance support Volunteer exFenses Depreciation Total oxpendlturg Net incomè I lexpènditurel Transfers between funds Nat movement In funds 59.944 3.776 2.814 2.290 1.549 53 2,586 1,086 3.363 836 78 5,426 1,170 970 1.938 48 3.180 1,355 1.031 59.944 3,803 2,814 2,474 1,549 53 4,836 1.086 3.476 836 168 S.435 1,170 70 2,455 163 3,180 1.614 1,093 350 97,469 16,7241 53,218 2,934 2,631 2,139 1,082 27 8,264 1,581 395 962 27 141 2.250 113 4,322 822 924 877 4S4 2,880 4,155 517 115 259 350 3,976 1,741 93,493 18,4651 1.049 19,5141 87,763 35,833 2.790 {6,724 35,833 Fund balances brought for•Yard Fund balancos Carried forward 29.615 32,405 72,864 63,350 102479 95,755 68,646 102,479 15) l incoming resources and resources expended derive from C(￿tinUir￿j adivib'es. 10

Trust Leeds Balance Sheet as at 31 March 2024 2024 Ur￿￿tricted 2024 Restricted 2024 Totsl 2023 Total Flxed assets Tangible assets Total flxed assets 16) 699 699 899 699 Current assets Debtors and prepayments Programme related investments Cash at bank and in hand Total current assets 8,279 8,279 804 89,060 98,143 342 709 104.548 105.599 804 31,119 31,923 16) 57.941 66,220 Currgnt IlabllSt58¥: amounts falling duè wlthln one year Creditors and accruals Totsl Gurrent Ilabllltles 217 217 3,087 3.087 3,120 3,120 2,870 Net current aJsets I Illabllttl•s) 31,7( 63,350 95,058 102,479 Net a$8Ot¥ 32,405 63,350 95.755 102,479 Funds Unrestricted funds General unrestricted fund$ Designated funds Unrestricted lunds Reslricled funds Total funds 27,405 5.000 32,405 27,405 5.000 32,405 63.350 95,755 29,815 110) 29,e15 72 864 102,479 83,350 63,350 32,405 For the year endlw 31 March 2024 IhB thBrltat4e cryaryvA5 enithd from wJit urthr 477of th8 Act 2006 ￿latI￿j to $mall compaThes. The membets have Tr)t reqLd￿d Ihe lo cthln an aL# oftt8 aCC￿r￿S ￿r In In xcordwcellh Section 476. The tnxlees Ivtho also ¢JwectC¥5 forts purposes of crywny Jw) vwr r•spmbiMtlo1 fore4rnplwng ih the iequrernenty of the Acl wlh respect10 ¥¢uwniry rewd$ 1yepar0￿ of a¢tthwttS. Th88e accrJnls teen wepared In acccffdBK aPF4¢•tde loeor0￿th SW to the im811 ¢wan*$' reL4m• d ￿th FRS 102 leffect4¥Y 2019). The financlal statements Signed.. (rrustee) Name.. 6QiLSoA)- fc< 11

Trust Leeds Notes to the accounts for the year ended 31 March 2024 1 Accounting policies Basls of accounting These accounts have been prepared under the historical c05t convention rtem5 re￿gnISed at cost or transaction value unless otherwse stsle(J in the rdevant nolelsl lo these accounts. The financial 8talements have been prepared in accordance wth the Statement of Recommended Practice.. Accounliro and Reporting by charib.es preparing their accounts in accor(Jance wth the Financial Reporting Standard applicabie in the UK aTrJ Republic of Ireland (FRS 102) leffecb've 1 Janyary 20191 and with the Charities Act 2011. The charity constitutes a public benefit entty as defined by FRS 102. There has been no change to the accountirKJ policies since last year. No changes have teen made to the accounts for prewous years. Golng concern The Iruslees aro satisfied that there a￿ no material uncertainties about the charitls ats'lty to continue. Incomlng r¢$ourc•s All incoming resourGe$ are included in the Statement of FInar￿al Activitie5 {SOFAI when the charity becomes enlilled lo the resources, rf it is more likely than not that the trustee8 wll receive the res￿r¢83 and the monetary value bè measured wlh suff￿ent rdi8bility Grants and donltlons Grants and donations are only included in the SOFA when thg charity has unGonth'lional enliU&menl lo the resources. Where grants are related lo performance and speufic delNera￿e5, they ore accounted for as the charity e8ms the nghl lo consideration by ils performance. Donated assel$. faalilies or services are valued al their eslimaled value lo the charity. This is the price that the charity eslimales it would pay in the open market for equivalent items. or services and facilities of equivalent utility lo the chadty. Programme related Inyestrnents Loans made and repayable vdilhin one year are recognssed at their carying amount. For loans repayable in more than one year the loan is inilially recognised al the amount paid, wth the caryw.ng amount adjusted in subsequent year to refiect repayments and any xcrued interest and adjusted if necessary for any impairment. Expendbture and Ilabllltles Expenditure is recognised on an aCcn￿l basis as a liabblrty is incurred. Liabilits'es are recc4Jnised %•there it is rnore likely than not that there is a legal or ¢￿StruCtive obligation committing the charity to pay out the resources and Ihe amount ol the oblyalion can be measured wilh reasonable certainty. Taxatlon As a charity the organisalion benefits from r81es relief and is generally exempt from income tax and capital gains lax but not from VAT. Irrecoverable VAT is indud&l in the cost of those items to which il relates. 12

Trust Leeds Notes to the accounts for the year ended 31 March 2024 1 Ac￿unting policles continued Tangible fixed assets Tangible fixed assets costrng more than £1.000 are capitalised and I￿luded at cost includiro any incidentsl exwnses of acquisilkjn. Gifted assets aTe shown al Ihe value to the charity on receipt. Depreciation is prowded on all tangible fixed assets al rates calculated lo write off the cost on a Straight line basis over their expected useful economic lives as follow5.. Office equipment over 3 years Penslons The charity operates a defined contribution scheme for the benefft of its emrAoyees. The costs of contributions are recognised in the year they are payable. Fund accountlng Unrestricted funds are available for use al the disuelion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted ￿ndS eamiarked by the trustee5 for parti￿18r purposes. Reslrieled funds are subjected lo restricb'ons on Iheir expenditure imposed by the donor or through the terms of an oppeal. Further explanation ol the nature and purrh)se of each fund Is included in notes lo the account8. 13

Trust Leeds Notes to the accounts continued for the year ended 31 March 2024 2 Grants and donatlons 2024 Unrestricted fLKKIs 2024 Restricted funds 2024 Total funds 2023 Total funds DonaliDn- TP Recognition Fund Leeds CC - UKSPF Leeds Communrty Foundation ILCF) The Fore Tu(br Trust Donation - Rachel Lord European Regional Development Fund IERDFI European Social Fund Local Giving Masons Other donallon8 Gift aid 981 28,0(H) 21,422 4,625 30,000 981 28,000 21,422 4,625 30.000 1.100 18.380 8,650 32,000 20.000 7,923 10.263 500 3.620 2,067 3.214 503 3,717 3,214 503 88,745 85,028 121,366 3 Staff eo¥ts and numb•rn 2024 2023 Gross salaries Social 5gcurily costs Employment allowance Pensions Redundancy payments Payroll fees 57,860 4,993 14,9931 1.474 49,326 4.694 14.6941 1.436 2,073 383 53.218 610 59.944 The average numter of employees during the year was 3.7. being an average of 2 full time equlvalenl {2023'. 3.1, 1.6 FTEI. There were no employees wilh emolumerts above £60,000. Deflned contrfbutlon penslon scheme 2024 2023 Costs of the scheme to the charity for the year 1,474 1,436 4 Donated services Profosslonal fees £2,000 of this expenditufe was donated serwces of design arKI ￿bSrte sel up costs provided by Wolfslar Consultarw (previous year £2.0001 14

Trust Leeds Notes to the accounts Continued for the year ended 31 March 2024 S Restrlcted funds 8alarte blf Incoming Outgoing Transfers Balance df The Fore LCC Be Your Own 8oss LCC Multiply Project LCF Cognizant Fund LCF Jimbo's Fur West Riding Masonic Charittes Micro-linance 1 Micro-linance 2 LCF Transforming Mental Health TP Recognition Fund Tudor Trust 4,625 25.000 3.000 9.300 4,625 16,113 8,887 7,434 18,380 2,055 12,128 20,000 18.380 1.086 1,985 969 10.143 20,000 12.122 981 30,000 85,028 12.122 719 33.597 93.493 262 15.655 63.350 20,301 72,864 1.049 (1,D49 Fund nam• The Fore Purpose of restrlctlon To progress the microvfinance programme. and including advi50ry costs for Financial Conduct Authority (FCAI opplicalion and the costs of FCA regislration. UK Shared Prosperity Fund - Leeds HyFer-Ic¢al Pfogramme UK Shared Prosperity Fund - Leed5 Hywr-lctal wogramme To ¥upwl our'Digilal Heart, projecl Project development and plannirKJ for Supemlarket Savers. Self- Reliant Group. West Riding Masonic Charities To sel up the SRG Lending Library of Things {small iiems of kil & equiwient). Private donats'on to 8LPWrt the (*anty in developSng its mlcri>finance LCC Be Your Own Boss LCC Multiply Project LCF Cognizant Fund LCF JimtLI'8 FuThl Micro-finance 1 Micro•linance 2 Private donation to SLPPOrt the ethanty in devebping its miCr￿finance DTk. LCF Transforming Mental Heallh To fund delivery of the SRG MirKls Transftwming Mental Heallh project TP Recognition Fund To recognise and support members In need. Tudor Trust A core grant to support the running costs of Trust Leeds as il develops and grows. including match funding for the ERDF project. Transfer relates to purchase of equiwienl capitalised for the general use of the charity. 15

Trust Leeds Notes to the accounts continued for the year ended 31 March 2024 6 Tanglble assets Office equipment Total Cos At l April 2023 Additions Al 31 March 2024 1,049 1.049 1,049 1,049 Al 1 April 2023 Charge for year Al 31 March 2024 350 350 350 350 Net At 31 hAarch 2024 699 699 At 31 March 2023 7 Debtors and prepayments 2024 2023 Prgp8yYnents Accrued income 279 342 8,279 342 8 Cash at bank and In hand 2024 2023 Cash al bank Cash in hand 88,821 239 89,060 104,164 384 104,548 9 Credltors and accruals 2024 2023 Creditors Accruals other creditors 2,000 970 117 3,087 2.196 924 3,120 16

Trust Leeds Notes to the accounts contlnued for the year ended 31 March 2024 10 Deslgnatsd funds Baiance bff Incuning Outyoing Transfer8 Balance clf Loan F4)t 5,OC¥J 5,OL>O 5,000 5,000 Fund name Loan pot Reason lor deslgnatlon To fund a pilot programme of micn>financing I￿SIneSseS emergi from our Self-Reliant Groups. and the finanrially excluded. 11 Related party tran¥actlons Donatlons from trust98¥ and related p•rtles The lolal aggregate value of Unconditi(￿31 donations lo Ihe charity frc¥n the Irusteeg or related paruès wa5 £264 (2023. £224}. Trustee expènses During the year no trustees V4Ere in recei0 ol expenses {prev*)us year.. 1 trustee and £121 for travel expenses). Remuneration and b&nellts recelved by key management personnel The lolal employee benefits r￿e1Ved by key managernent personnel We￿ £40,411 (previous year.. £39.949} 12 Funds held as agent 8glance bff Incoming Oulgolng Balance clf Fund 1 Fund 2 Fund 3 Fund 4 Fund 5 Fund 6 Fund 7 Fund 8 Sara B1￿he Geralding Tolb¢X Grow Together Girfs Kenlmere Camp Kenlmere Youth Leeds Buttertlies Material Gids Nicola Sterling 105 90 105 90 30 57 65 S7 65 364 Trust Leed5 holds funds for Sdf-Rdianl Groups estst4i5hed through the tharity. 17

Trust Leeds Statement of Financial Activities including comparatives for all funds lincluding summary Income and expenditure account) for the year ended 31 March 2024 2024 2023 2024 2023 Unrestricted UnrestrifAed Restricted Restr￿ed funds lunds nds funds 2024 Total funds 2023 Tol81 funds InGome Grants and donats'ons Donated servi¢es Interest received Total Income 3.717 2,000 18.930 2.000 230 21.160 85.028 102,436 88.745 2,000 121,366 2,000 230 123.596 5.717 85.028 102,436 ,745 Expendlture Salaries Nl and pensions Travel Events. PR, markebng and V￿b$ll? Memberships Insurance Bank charges Professional fees Equipment IT and telephone Subsislen¢e Fundraising SRG events and 8clivltles Training Independent examinab'on General office costs Governance and tnjstee expenses Freelance interpreter and communic Finance support Volunteer expenses Depreciation Total expendbture Nel Income I lexpendltufel Transfers between funds Net movement In funds 3,262 59.944 3,776 2.814 2,290 1,549 53 2,586 1,086 3.363 836 78 S.426 1.170 970 1.938 48 3,180 1.355 1.031 49,956 2,838 2,631 2,109 1,038 27 5.688 1.581 395 59,944 3.803 2.814 2.474 1,549 53 4,836 1,086 3,476 838 168 5.435 1.170 970 2,455 163 3,180 1,614 1,093 350 97,469 16.7241 53,218 2,934 2,631 2,139 1,082 27 8,264 1,581 395 27 30 2,250 2.576 113 98 4,322 822 924 877 454 2.880 4.155 116 59 324 17 4,2C 763 600 517 115 454 2.880 4.155 259 62 350 3,976 1,741 6.524 14.636 93.493 18,4651 1,049 {9.5141 81,239 21,197 7,554 13,643 87,7e3 35,833 2.790 22,190 16,7241 35,833 Fund balances brought forward Fund balances carried forward 29.615 32.405 7,425 29.615 72.864 63,350 59,221 72,864 102.479 95.755 66,646 102,479 18