2022-08-31-accounts

Loving Classroom UK Limited

(A Company Limited by Guarantee)

Company No. 11058320 Charity No. 1185670

Report and financial statements

For the year ended

31 August 2022

Loving Classroom UK Ltd Report and financial statements For the year ended 31 August 2022

Contents
	Page
Reference and administrative information	1
Trustees’ annual report	2 - 4
Independent Examiner’s report	5
Statement of financial activities	6
(incorporating an income and expenditure account)
Balance sheet	7
Statement of cash flows	8
Notes to the financial statements	9 - 14

Loving Classroom UK Ltd Report and financial statements For the year ended 31 August 2022

Trustees:	Tina Freedman
	Melissa Glass
	Neil Schiff
Company number:	11058320
Charity number:	1185670
Registered office:	379 Hendon Way, Hendon, London NW4 3LP
Independent examiner:	Anthony Epton
	Goldwins Limited
	75 Maygrove Road
	West Hampstead
	London NW6 2EG
Bankers	NatWest Bank
	Bawtry Road
	Rotherham S66 1JY

Page | 1

Loving Classroom UK Ltd Report and financial statements For the year ended 31 August 2022

The trustees, who are also directors under company law, present their report and financial statements for the year ended 31 August 2022.

The trustees confirm that the financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Purposes and aims

The objective of the Charity is to advance the education of young members of the public in good citizenship so that they may grow to full maturity as individuals and members of society. The Charity aims to achieve this aim by the provision of educational materials , books and manuals and lesson plans for schools and colleges and educational services , including training and mentoring.

Public benefit

The trustees acknowledge the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s published general and relevant sub-sector guidance on public benefit. All activities undertaken are for the public benefit.

Achievements and performance

The Charity received donations during the year of £254,785 (2021 £83,778) and spent £157,993 on charitable activities related to educational and training provision (2021 £70,026). The Charity has been developing links with a range of schools and colleges to deliver its educational programmes, and post COVID, seeking additional sources of grants and funds to continue its work.

Financial review

The Charity recorded a surplus of £43,225 (2021: £89) during the year under review and as at 31 August 2022 had net assets of £38,000 (31 August 2021: deficit £5,225).

Reserve policy

The Trustees aim to have general reserves to support its activities representing 3 months’ worth of annual costs. At the present time, all income supports the main objective of the Charity and there are no designated or restricted funds.

Going concern

There are no issues at the current time.

Principal risks and uncertainties

The Trustees review its operational and financial processes each year, and at the current time, post COVID, the only uncertainty for the Charity is securing grants and donations to pay for its activities. The trustees monitor the progress of fundraising to ensure that its budget remains within the parameters of its known income streams.

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30 May 2023

Forthe year ended3lstAugus	t2CI22
		2422		2021
	Note	Totalt		Totalt
lncomefrom: Donations andlegaeies	2	?*4,7q5		83,778
Total income		254J85		83,778
Expenditure on:
Charitable activities	3	190,801		79,A46
Fundraising expenses		20,759		4,643
Total expenditure		211,$80		83,689
Netincomefortheyear	4	43,225		89
Netmovement infunds		43,225		89
Reconciliationoffunds:
Total fundsbroughtforward				J5,31{)
Totalfundscarriedforward	8	38,000	___lg,22gI

Loving ClassroomUKLimited Statementofcashflows Forthe year ended31stAugu*2022
	Note	2022	2021
		g	I
Cashflows fromoperatlngactivities:
Netcash providedbyI(used in)operating activities	9	5G,344	4J34
Ghangein cashandca*h equlvalenbintheyear		56,342	4,134
Cashandcash equivalentsatthe beginning oftheyear		5,8{4	1,680
Cashand cash equivalentsatthe end oftheyear	13	62,l$t	5,814

2	lncomefrom donationsand	legaciee
						2022	2021
						Totalf	Totalt
	Gifts and donations					25t1,785 ail.785	83,778 *--Em=
3	Analysisofexpanditure
		Basisof	Charitable	Support	G0vernance
		allocaUon	activities f,	costst	costs	2022total €	2021totalf
	Charitable Activilies	Direct	157,993			157,093	7CI,026
	Support costs	Direct		30,648		30,648	9,020
	Independent examinationfee	Direct	157,993	30,648	2,r6q_ 2,160 2,160190,80t		79,046
	Support costs		30,648	(30,6,48)
	Govemane msts		2,160		(2,160)
	Totalexperdtturc20Zl		190,80{			100,801	79,446

	Basisof	Charitable	Support
	allocation	activities	costs	2021
		€	€	€
Charitable Activities	Direct	74,CI25		70,026
Supportcosts			9,020	9,020
		74,A28	9,020	79,046
Support costs		I,820	(9,020)
Governance costs
Total expenditure2021		79,046		79,046

2022		2021
E		f
	1	100
-	1,100

Creditons:amounts fallingduewithinoneyea	r
	2022 t	2021 I
Trade creditors	21,S96	12,145
Accruals	2,160
Other liability	24,15S	475 12,620

ilovementsinfunds	Asat{			At31
	September			August
	2A21f	lncome f	Expenditure f	2A22 s
Unrestricted funds:
Generalfunds	(5,225)	?y,785	211,560	38,000
Totalunrestricted funds	(5,225|wJgq---71tTm		38,800

I	Reconotliationof net incomeItexpenditure)tonet cashfrou from	opratlngacllviHel
		20?2	2021
			e
	Netlncome /(expendlturc) for the rcportlngparlod	43,225	89
	(asperthestatementof frnancialactMtles)
	{lncrease/decrease in debtors	1,100	(144)
	(lncrease)I decrease in stock	481
	lncreasel(decrease) inseditors	I1'53q	4,889
	Hetcashprovidedbyr(usedin)operatlngactivfries	56,342	4,134

t0	Analysis ofcaeh and cashequlvalents
		Asat{			Ar3{
		$eptember		Other	August
		2021 I	Cash flows f	changes f	2422 I
	Cash at bank and in hand	5,814	56,342		02,156
	Totat cash and cashequivalenta	5,814	56,342		62,156