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2021-12-31-accounts

LS-TEN Limited (A company limited by guarantee)

Trustees’ Report and Financial Statements For the Year Ended 31[st] December 2021

Company registration number: 11753606 Charity Number: 1191532

LS-TEN Limited

Trustees’ Report and Financial Statements for the year ended 30 December 2021

Contents

Page:
Report of the Trustees and Strategic Report
Chair’s Statement 2-5
Financial Review 5
Structure, Governance and Management 6-7
Statement of Responsibilities 7-8
Independent Examiner’s Report 9-10
Financial Statements
Statement of Financial Activities 11
Balance Sheet 12
Statement of Cash Flows 13
Notes to the Financial Statements 14-23

LS-TEN Limited For the year ended 31 December 2021 Report of the Trustees

The Trustees of LS-TEN Limited, who are also Directors for the purposes of the Companies Act, are pleased to present their Annual Report together with the Financial Statements for the year ended 31 December 2021, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

Reference and administrative details

Charity number: 1191532 Company number: 11753606

Directors and trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:

Trustees Angus Martin (Chair)
Clare Jarvis
Edward Carlisle
David Mitchell
David Smith
Joe Swan (Resigned 20 July 2021)
Senior management Carl Harrison
Jonathan Wilson
Liam Hunsdale
Amy Harrison
Registered office Unit 1, Airedale Industrial Estate
Kitson Road
Leeds
West Yorkshire
LS10 1NT
Independent Examiner Sally Appleton
Saffery Champness LLP
Mitre House, North Park Road
Harrogate, HG1 5RX
Main bankers Lloyds Bank plc
25 Gresham Street
London
EC2V 7HN

Page 1

LS-TEN Limited For the year ended 31 December 2021 Report of the Trustees

Chair’s report

During the period LS-TEN (“the charity“) delivered across three different operational activities which are covered in more detail below.

There have been several events that have impacted the year and the charity:

Education

Due to the nature of the young people accessing the charity’s education provision and associated safeguarding concerns, it was vital that the education provision continued throughout lockdown. The education staff adapted to operate across three platforms with onsite, virtual and home visits all being part of a daily package during lockdown.

Over the course of 2021 the charity worked with 9 secondary schools and 2 primary schools and looked after a total of 37 Key Stage 3 and 4 learners and 4 Key Stage 2 learners. 7 learners completed Yr11 with all gaining at least 1 GCSE grade, and all achieved a post 16 option with 6 going to college and 1 starting an apprenticeship. In addition, 15 young people were reintegrated back into mainstream educational settings and 2 moved to different alternative settings.

Page 2

LS-TEN Limited For the year ended 31 December 2021 Report of the Trustees

Skatepark

The Skatepark department was significantly impacted by the Covid closures and restrictions which were not fully lifted until 17 May 2021. However, the department started the year with a significant refurbishment and enhancement of the skatepark. Also, post year end, work continued on the volunteer led construction of an outdoor skatepark and a new outdoor play area for younger children.

During lockdown the department worked with over 40 schools to provide a mixture of onsite, offsite, and virtual delivery. Post lockdown there was an average of two onsite school sessions each academic day and three offsite school sessions a week. In total the charity provided skatepark sessions to approximately 260 children each academic week.

In the period immediately after lockdown restrictions were lifted there were c.150 people a week accessing public sessions, but this rose to more than 300 a week as people gained more confidence in attending public venues. Attendance figures increased significantly during school holidays.

The skatepark has also proved to be a focal point for a number of skater lead community groups including: Rolling with the Girl; Wernside DIY; Leeds University Skate Society; Be Good Skates.

Community

This department leads the external delivery of wheeled sports, supports coaching across all school sessions and delivers school holiday provision through the Get Active Extreme Camps.

Like other departments this department was unable to operate to full effect during lockdown but developed creative ways to adapt and offer virtual group and individual sessions. These sessions increased awareness of the charity and, although only they brought in limited funding, they generated positive relationships across the community and stakeholders.

Summer 2021 saw a good uptake of numbers on Get Active Extreme Camps with an average of 16 children a day, although peaking at 25 which indicates future potential. These numbers were replicated across school holidays for the rest of 2021.

Café

Covid-19 had the biggest impact on the café, and it was closed in March 2020 and remained so throughout the rest of 2020 and early 2021. A decision was taken in March 2021 to allow The Real Junk Food Project, (“TRJFP”), to operate out of the kitchen and in return to provide meals for the education learners in the school. TRJFP is a charity which focusses on reducing food waste by collecting food from supermarkets or distributors that would otherwise by destroyed, and sharing across their 3[rd] sector and schools network.

Page 3

LS-TEN Limited For the year ended 31 December 2021 Report of the Trustees

Summary and the future

In summary the charity started 2021 working under the Covid restrictions, but throughout lockdown, continued to provide support to some of Leeds’s most vulnerable young people. The charity weathered this difficult period in no small part due to the ongoing support measures provided by the government and local council.

As Covid restrictions lifted the charity was able to build upon its success during lockdown and its registration as an Independent School to secure relationships with several schools. These relationships ensured that the number of learners on role remained high throughout the year. In the latter part of 2021, the school was full and there was a waiting list.

The improvements made to the skatepark during lockdown attracted positive comments from the skate community when the skatepark reopened. Visitor numbers steadily increased over the remaining part of the year and exceeded expectations.

In 2022 the skatepark will continue its evolution with the opening of the Outdoor Skatepark which will increase opportunities during the traditionally quieter summer period.

The charity started 2022 with improved reserves and a plan to further expand the operations for the benefit of the Leeds community.

The trustees are pleased with the recovery and the progress made during 2021.

Purpose and activities

LS-Ten Limited was established on 7 January 2019 to operate a skatepark and to provide an alternate education provision. Both these activities are undertaken at the charity’s premises in Kitson Road Leeds.

The company registered as a charity on the 29 September 2020.

The objects of the Charity are:

  1. To act as a resource for children and young people up to the age of 19 years old living in Leeds, West Yorkshire and surrounding areas by providing advice and assistance and organising programmes of physical activity, educational and other activities by means of:

  2. a. advancing life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals,

  3. b. advancing the education of the pupils of the Charity by operating an alternative education provision to support school in Leeds and the surrounding area.

  4. To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity of disability, financial hardship, or social circumstances with the object of improving

Page 4

LS-TEN Limited For the year ended 31 December 2021 Report of the Trustees

their conditions of life.

  1. To promote social inclusion for the public benefit by preventing people who are ex-service personal or ex-offenders from becoming socially excluded because they are unable to reintegrate into mainstream society, in particular by:

  2. a. providing a local network group that encourages and enables ex-service personnel to gain access to other networks and participate more effectively with the wider community;

  3. b. providing a local network group that encourages and enables ex-offenders to gain access to other networks and participate more effectively with the wider community;

  4. c. providing work experience, training and job opportunities to ex-service and ex-offenders.

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the aims and objectives and in its planning activities.

Financial Review

The Board confirms that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (published in October 2019).

During the year the charity generated £812,985 of unrestricted income and £63,756 of restricted income to provide a total income of £876,741. Unrestricted expenditure totalled £606,118 and restricted expenditure totalled £63,756 to give total expenditure of £669,874.

Net income totalled £206,867 which has been transferred to reserves. At the 31 December 2021 the charity had total funds of £259,315 (31 December 2021: £52,448).

Reserves policy

At 31 December 2020 the Board undertook a detailed review of the charity’s position and looked forward using the budgets and forecasts for the year to 31 December 2022. The Board was satisfied that the charity was sufficiently resourced to be able to continue operating throughout 2022 and beyond.

Since 31 December 2021, the Board continues to review the charity’s financial position at each Board meeting and to look forward using the budgets and forecasts. The Board remains satisfied that the charity has sufficient resources to meet its liabilities and to continue to operate.

The Board is in the process of developing a formal reserves policy.

Going concern

The Board has considered the current position and the future prospects of the charity, and it is satisfied that the charity had sufficient resources to continue to operate and to meet its ongoing liabilities.

Page 5

LS-TEN Limited For the year ended 31 December 2021 Report of the Trustees

The Board is satisfied that it is appropriate for the accounts to be prepared on a going concern basis.

Structure, Governance and Management

Appointment of Trustees

The trustees are appointed by an ordinary resolution of the members of the charity at a general meeting. There minimum number of trustees is one and there is no maximum. At each annual general meeting one third, (or if their number is not three or a multiple of three, then the number nearest to one third), must retire. Those with longest service retire first and retiring trustees may be reappointed. There is no maximum period of service for trustees.

Meetings

The Board meets regularly to discuss the charity’s strategy and to receive reports on the various operations and reports on specific areas such as safeguarding and health and safety. The Board also agrees the budget each year and receives financial reports to enable it to monitor performance against the budget.

In between Board meetings the Chair and other trustees with specific responsibilities meet with the charity’s senior management team to assess progress. Matters arising from these meetings are discussed at the next Board meeting.

Policies and Procedures adopted for Induction and Training of Trustees

The Board discusses the skills requirements for the trustee group at each Board meeting and undertakes a skills audit at least once a year. The recruitment of a new trustee is informed by the results of the skills audit and is undertaken using a mix of open advertisement, discussions with interested parties and discussions with contacts in other local charities. Individuals who express an interest are required to meet with the Chair and are given the opportunity to visit the charity and to speak with the Chief Executive Officer. A proposal to appoint a trustee is taken to the Board for discussion and either approved, (subject to suitable references), or rejected. If the Board approves the appointment, then references are sought and circulated to the Board for comment before the appointment is made.

Once appointed the newly elected trustee undergoes an induction programme.

The charity keeps up to date with key developments relevant to the charity and its operations. Some of the training is mandatory given the charity’s work with young people and as a school. Training is provided to trustees and a log is kept of what training has been undertaken by each trustee.

Pay policy for senior staff

The senior management team is responsible for the setting the remuneration of employees when they start employment but the Board monitors recruitment and remuneration at Board meetings. Thereafter all pay or other remuneration changes are agreed by the Board.

Page 6

LS-TEN Limited For the year ended 31 December 2021 Report of the Trustees

The remuneration of the senior management team is the responsibility of the Board and is reviewed annually. In setting the pay of the senior management team the Board takes note of an individual’s performance, the financial position of the charity and the amounts paid to individuals in similar roles outside of the charity.

Risk management

The trustees, in consultation with the senior executive team, have considered the key risks to which the charity is exposed. A risk register has been prepared which enables the trustees to monitor the risks and the mitigating actions that have been put in place to manage these risks. The risk register is reported on and reviewed at each Board meeting.

The charity also has a comprehensive suite of policies and procedures that address specific areas of risk. These policies are regularly reviewed by the senior management and the trustees. Appropriate staff training is provided and recorded, and compliance is monitored.

As with all other organisations the charity had to deal with the impact of Covid-19 during 2021. For periods the charity had to cease or severely limit its operations. The charity took various steps including reducing costs; furloughing staff; introducing appropriate social distancing and other similar measures.

Fundraising Policy

The charity does not employ a fundraiser and does not engage third parties to fundraise on its behalf. There have been, however, a small number of unsolicited donations from the general public. During the period there have been no complaints regarding the charity’s fundraising activities

Trustees Responsibilities Statement

The trustees (who are also directors of LS-TEN for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

Page 7

LS-TEN Limited For the year ended 31 December 2021

Independent Examiner’s Report to the trustees of LS-TEN Limited (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.

Respective responsibilities of trustees and examiner

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

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

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of the Institute of Chartered Accountants England and Wales which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  3. the accounts do not accord with those records; or

  4. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

Page 9

LS-TEN Limited For the year ended 31 December 2021 Independent Examiner’s Report to the trustees of LS-TEN Limited (‘the Company’)

  1. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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: Sally Appleton Institute of Chartered Accountants England and Wales

Address: Saffery Champness LLP Mitre House North Park Road Harrogate HG1 5RX

Date: 27 October 2022

Page 10

LS-TEN Limited For the year ended 31 December 2021 Statement of Financial Activities (Incorporating statutory income & expenditure account)

Notes
Unrestricted

Funds
£
Income:
Donations and legacies
2
165,928
Income from charitable
activities
3
637,062
Other
4
9,995
_
Total income
812,985
_
Expenditure on:
Costs of raising funds
5
27,589
Expenditure on charitable
activities
6
578,529
Corporation Tax
-
_
Total expenditure
606,118
_
Net income
12
206,867
Transfers between funds
12
_
Net movements in funds
206,867
Reconciliation of funds:
Total funds brought forward
52,448
_
Total funds carried forward
259,315
_ __ ___		 Restricted
Total Funds
Total Funds
Funds
2021
2020
£
£
£
63,756
229,684
147,374
-
637,062
322,588
-
9,995
5,245
_
_________
_________
63,756
876,741
475,207
_________
_________
_________
-
27,589
26,082
63,756
642,285
381,893
-
-
17,000
_________
_________
_________
63,756
669,874
424,975
_________
_________
_________
-
206,867
50,232
-
_________
_________
_________
-
206,867
50,232
-
52,448
2,216
_________
_________
_________
-
259,315
52,448
__
__ ___
 __ ___

The statement of financial activities includes all gains and losses recognised in the year. All amounts relate to continuing activities within the United Kingdom.

Page 11

202L 2020
Notes f f. f f
Fixed assets
Tangiblefixedassets 9 15,464 13,223
Currentassets
Debtors 10 M,747 26,LO7
Cashatbank and in hand 249,935 9L,294
293,982 LL7,4OL
Currentliabilities:amountsfallingdue
withinoneyear		 11 (50,131) '78,L761
249,85L ?9,225
Net assets 259,3L5 52,448
Funds
Unrestrictedfunds-General L2 259,315 52,M8
Restrictedfunds
Total funds t2 259,315 52,448

LS-TEN Limited For the year ended 31 December 2021 Statement of Cash Flows

Cash flows from operating activities:
Net income for the financial year
Adjustments for:
Depreciation
(Increase)/decrease in debtors
Decrease in creditors
Net cash used in operating activities
Cash flows from investing activities:
Purchase of property, plant and equipment
Disposal of property, plant and equipment
Net cash provided by investing activities
Cash flows from financing activities:
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2021
£
206,867
_
737
(18,040)
(28,045)
_________
161,519
_________
(7,343)
4,365
_________
(2,978)
_________
158,541
__
91,294
___
249,835
_ __ ___		 2020
£
50,232
_
3,305
27,869
(4,039)
_
77,367
_
(3,580)
_
(3,580)
___
73,787
_ __
17,507
_
91,294
 __ ___

Page 13

LS-TEN Limited For the year ended 31 December 2021 Notes to the financial statements

1 Accounting policies

Accounting convention

These financial statements have been prepared in accordance with Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (issued in December 2019), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

LS-TEN Limited meets the definition of a public benefit entity under FRS 102.

Going Concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the company 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.

Reporting period

During the prior year the directors shortened the period to 31 December 2020, therefore the prior year accounts have been prepared for the 11 month period from 1 February 2020 to 31 December 2020. The current year shows the 12 month period from to 1 January 2021 to 31 December 2021 and are therefore not entirely comparable.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Donations and Legacies - These amounts are included in full in the Statement of Financial Activities in the year in which they are receivable unless they include terms and conditions that must be met before the entity is entitled.

Charitable activities - Grants receivable where the income is related to performance and specific deliverables are accounted for as the entity earns the right to consideration by its performance. Grants where entitlement is not conditional on the delivery of a specific performance by the entity are recognised when the entity becomes unconditionally entitled to the grant. Where grants are received during the year in respect of future periods, the amount of the grant which relates to future periods is deferred and is included within creditors. Income from education sales and skatepark entry is included within incoming resources in the year the service or visit occurs.

Other trading activities – Café income, rental income, hire income and other income is recognised in full for activities undertaken during the year. Income relating to activities taking place in the following year received in advance is deferred.

Page 14

LS-TEN Limited For the year ended 31 December 2021 Notes to the financial statements

1 Accounting policies (continued)

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Raising funds - are those costs incurred in seeking voluntary contributions or consultancy income. They do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of the charitable activity of awarding grants and project development.

Charitable activities - costs of education activities, the provision of the indoor skatepark and other activities undertaken to further the purposes of the charity and their associated support costs.

Other costs - represent those incurred in connection with governance and compliance with constitutional and statutory requirements.

Tangible assets

Tangible 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:

Plant and equipment 20% Straight Line Motor Vehicles 33% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Financial instruments

The company 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 company's statement of financial position when the company 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.

Page 15

LS-TEN Limited For the year ended 31 December 2021 Notes to the financial statements

1 Accounting policies (continued)

Pension costs

LS-TEN contributes to defined contribution pension schemes including to individual personal pensions. The assets of the schemes are held separately from those of the charity. Pension costs charged in the statement of financial activities in respect of pension costs are the contributions payable in the year.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charity’s work.

2 Donations and legacies

Unrestricted
Fund
£
Donations
10,746
Grants
155,182
_
165,928
__
Donations and legacies – prior period
Unrestricted
Fund
£
Donations
29,651
Grants
100,886
___
130,537
_ __ ___		 Restricted
Fund
£
-
63,756
_
63,756
__
Restricted
Fund
£
-
16,837
___
16,837
_ __ ___		 2021
Total
£
10,746
218,938
___
229,684
_ __
2020
Total
£
29,651
117,723
_
147,374
 __ ___

The income from donations and legacies was £229,684 (2020: £147,374) of which £165,928 (2020: £130,537) was unrestricted. Included within restricted funds are Covid support grants of £28,572 (2020: £8,304) which were received from Leeds City Council, £22,186 of Public Health Funding from Leeds City Council, £4,745 to fund expenditure on the skatepark, £4,620 of Healthy Holidays funding and £3,633 to fund other projects. The prior year restricted funds also included £8,533 from Sports England.

Included within the unrestricted grants for 2021 are £141,860 (2020: £100,886) of monies received under the Coronavirus Job Retention Scheme which were spent in full during the year.

Page 16

LS-TEN Limited For the year ended 31 December 2021 Notes to the financial statements

3 Income from charitable activities

Unrestricted
Fund
Income from educational
activities
338,234
Skatepark sales
182,755
Other
116,073
___
637,062
_ __ ___		 Restricted
Fund
-
-
-
___
-
_ __ ___		 2021
Total
£
338,234
182,755
116,073
___
637,062
_ __ ___		 2020
Total
£
219,804
90,440
12,344
___
322,588
_ __ ___

All income from charitable activities was unrestricted in both periods. Other income in the current year includes £100,000 of receipts in relation to Covid pandemic insurance.

4 Other trading activities

Provision of services
 2021
£
9,995
___
9,995
_ __ ___		 2020
£
5,245
___
5,245
_ __ ___

5 Cost of raising funds

Unrestricted
Funds		 Total 2021 Unrestricted
Funds		 Total 2020
£ £ £ £
Service charge sales 27,589 27,589 26,082 26,082
___ ___ ___ ___
27,589
_ __ ___		 27,589
_ __ ___		 26,082
_ __ ___		 26,082
_ __ ___

Page 17

LS-TEN Limited For the year ended 31 December 2021 Notes to the financial statements

6 Expenditure on charitable activities

Unrestricted
Fund
£
Wages
422,218
Depreciation
737
Other charitable expenditure
155,574
___
578,529
_ __ ___		 Restricted
Fund
£
30,439
-
33,317
___
63,756
_ __ ___		 2021
£
452,657
737
188,891
___
642,285
_ __ ___

The above expenditure, which includes support costs, has been allocated across the charitable activities of LS-TEN in proportion to the income levels of each activity with the exception of costs relating to a specific restricted funded activity.

Allocated to:
Unrestricted
Fund
£
Educational Activities
307,157
Skatepark Sales
165,963
Other activities
105,409
___
578,529
_ __ ___		 Restricted
Fund
£
27,531
4,822
31,403
___
63,756
_ __ ___		 2021
£
334,688
170,785
136,812
___
642,285
_ __ ___

Governance costs included in other charitable expenditure represent fees payable to the independent examiner of £7,800 (2021: £7,150)

Expenditure on charitable activities – prior
period
Unrestricted
Fund
£
Wages
270,480
Depreciation
3,306
Other charitable expenditure
91,270
_
365,056
__
Allocated to:
Unrestricted
Fund
£
Educational Activities
248,740
Skatepark Sales
102,347
Other activities
13,969
___
365,056
_ __ ___		 Restricted
Fund
£
2,970
-
13,867
_
16,837
__
Restricted
Fund
£
11,473
4,720
644
___
16,837
_ __ ___		 2020
£
273,450
3,306
105,137
___
381,893
_ __
2020
£
260,213
107,067
14,613
_
381,893
 __ ___

Page 18

LS-TEN Limited For the year ended 31 December 2021 Notes to the financial statements

7 Staff costs and remuneration of key management personnel

Salaries
Social security costs
Pension costs		 2021
£
421,075
30,076
7,931
___
459,082
_ __ ___		 2020
£
253,833
14,868
4,750
___
273,450
_ __ ___

No employees had total employee benefits (excluding employer pension costs and national insurance costs) in excess of £60,000 in the current or prior year.

The total employment benefits, including employer pension contributions of the key management personnel, were £115,500 (2020: £169,000).

During this year and the prior year, no Trustees received remuneration and none were reimbursed for travel and other expenses.

Staff numbers:

The average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were as follows:

Central
Café
Education
Skatepark
 2021
3
-
11
6
___
20
_ __ ___		 2020
3
2
16
6
___
27
_ __ ___

8 Pensions

LS-TEN contributes to individual pension schemes on behalf of its employees.

Page 19

LS-TEN Limited For the year ended 31 December 2021 Notes to the financial statements

9 Tangible Assets

Computer
equipment
Equipment
purchases
£
£
Cost
Opening balance 1 January 2021
2,171
14,357
Additions
2,450
2,498
Disposals
-
(4,365)
_
_________
Closing balance 31 December 2021
4,621
12,490
_________
_________
Accumulated depreciation
Opening balance 1 January 2021
434
2,871
Charge for the year
77
128
Closing balance at 31 December 2021
511
2,999
_________
_________
Net book value
At 31 December 2021
4,110
9,491
__
__ ___
At 1 January 2021
1,737
11,486
 __ ___
_ __ ___		 Motor
Vehicles
£
-
2,395
-
_
2,395
_________
-
532
532
_________
1,863
__
-
_ __ ___		 Total
£
16,528
7,343
(4,365)
_
19,506
_
3,305
737
4,042
___
15,464
_ __ ___
13,223
_ __ ___

All the assets above relate to functional assets used in the fulfilment of charitable objectives.

10 Debtors

Debtors
Prepayments & accrued income		 2021
£
29,400
14,747
___

44,147
_ __ ___		 2020
£
22,453
3,654
___
26,107
_ __ ___

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LS-TEN Limited For the year ended 31 December 2021

Notes to the financial statements

11 Creditors: amounts falling due within one year

Trade Creditors
Income in advance
Accruals
Taxation and social security
Sundry creditors		 2021
£
13,897
21,834
75
10,237
4,088
___
50,131
_ __ ___		 2020
£
28,576
8,647
21,100
19,615
238
___
78,176
_ __ ___

12 Funds

Balance as Incoming Outgoing Balance as
at 2020 resources resources 2021
£ £ £ £
Unrestricted funds
52,448		 812,985 (606,118) 259,315
Restricted funds
-		 63,756 (63,756) -
___ ___ ___ ___
Total funds
52,448		 876,741 (669,874) 259,315
_ __ ___ _ __ ___ _ __ ___ _ __ ___
e above restricted funds relate have been detailed in note 2 to these accounts.
Funds – prior period
Balance as Balance as
at 1 at 31
February Incoming Outgoing December
2020 resources resources 2020
£ £ £ £
Unrestricted funds
2,216		 458,370 (408,138) 52,448
Restricted funds
-		 16,837 (16,837) -
___ ___ ___ ___
Total funds
2,216
_ __ ___		 475,207
_ __ ___		 (424,975)
_ __ ___		 52,448
_ __ ___

The above restricted funds relate have been detailed in note 2 to these accounts.

Funds – prior period

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LS-TEN Limited For the year ended 31 December 2021

Notes to the financial statements

13 Related party transactions

During this year and the prior year, no Trustees received remuneration and none were reimbursed for travel and other expenses. During the year no (2020: 1) trustees made purchases from the company totalling £nil (2020: £600).

During the year the company made purchases of £474 (2020: £300) from First Response Team. Dave Smith (trustee) is the owner of First Response Team and the purchase was made at arm’s length.

14 Comparative Statement of Financial Activities (incorporating statutory income & expenditure account) for the period ending 31 December 2020

Notes
Unrestricted

Funds
£
Income:
Donations and legacies
2
130,537
Income from charitable
activities
3
322,588
Other
4
5,245
_
Total income
458,370
_
Expenditure on:
Costs of raising funds
5
26,082
Expenditure on charitable
activities
6
365,056
Corporation tax
17,000
_
Total expenditure
408,138
_
Net (expenditure)/income
13
50,232
_
Net movements in funds
50,232
Reconciliation of funds:
Total funds brought forward
2,216
_
Total funds carried forward
52,448
_ __ ___		 Restricted
Total Funds
Funds
2020
£
£
16,837
147,374
-
322,588
-
5,245
_
_________
16,837
475,207
_________
_________
-
26,082
16,837
381,893
-
17,000
_________
_________
-
424,975
_________
_________
-
50,232
_________
_________
-
50,232
-
2,216
_________
_________
-
52,448
__
_ __ ___

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