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2023-01-31-accounts

Charity registration number 1191684

THE LAKELAND AUTISTIC CHARITY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

THE LAKELAND AUTISTIC CHARITY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Lady F Sorrell J Swannell J Ogilvy J Hasell-McCosh Sir R Strong M Lah-Swannell Charity number 1191684 Independent examiner Errington Langer Pinner Pyramid House 954 High Road Finchley London N12 9RT

THE LAKELAND AUTISTIC CHARITY

CONTENTS

Page
Trustees report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Statement of cash flows 6
Notes to the financial statements 7 - 10

THE LAKELAND AUTISTIC CHARITY

TRUSTEES REPORT FOR THE YEAR ENDED 31 JANUARY 2023

The trustees present their annual report and financial statements for the year ended 31 January 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with 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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The charity aims to benefit the public through its objects and activities namely by relieving those in need by reason of autism and related conditions, in particular by making grants and providing accommodation.

Achievements and performance

The Lakeland Autistic Charity has a property in the Lakeland area of Cumbria and which is converted into specialist accommodation for 3 autistic individuals. The property has been purchased in consultation with its appointed housing association and care provider. The housing association managed during the year refurbishment and made it compliant, safe, suitable, and beneficial to accommodate autistic individuals and their carers. At the same time, they managed all ongoing maintenance and repairs to the property. The housing association confirmed payments for the rent for 3 autistic individuals at £8,000 per year.

The charity will use any further donations and any other funds to pay for extra care and activities for the residents that are recommended by the care providers but not covered by the residents' care packages and/or other benefits, and/or to fund further improvements to the property recommended by the housing association and/or care provider, and to provide grants to other autistic individuals in need.

Financial review

Overall expenditure in the current year was £25,440 (2022 - £30,099) leading to net deficit of £25,440. At the balance sheet date, the total funds of charity were £769,461 (2022 - £794,901).

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

The charity's governing document restricts benefits to people with a shared protected characteristic (the learning disabilities of autism and related conditions), and the benefits are provided in order to tackle a particular disadvantage or need to be linked to that protected characteristic i.e. the need for a specialist, tailored accommodation, and care.

The trustees who served during the year and up to the date of signature of the financial statements were: Lady F Sorrell J Swannell J Ogilvy J Hasell-McCosh Sir R Strong M Lah-Swannell

The organisation relies on income from donations, fund-raising, parents’ contributions, local and central government funding and funding from private charitable trusts.

The trustees report was approved by the Board of Trustees.

THE LAKELAND AUTISTIC CHARrrY TRUSTEES REPORT (COPrnNUED) FOR THE YEAR ENDED 31 JANUARY 2023 J Swannell Chalrnian 14 April 2023

THE LAKELAND AUTISTIC CHARITY

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE LAKELAND AUTISTIC CHARITY

I report to the trustees on my examination of the financial statements of The Lakeland Autistic Charity (the charity) for the year ended 31 January 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 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.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 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 financial statements to be reached.

Errington Langer Pinner

Pyramid House 954 High Road Finchley London N12 9RT

Dated: 14 April 2023

THE LAKELAND AUTISTIC CHARITY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY 2023

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2023 2022
Notes £ £
Income from:
Donations and legacies 3 - 825,000
Expenditure on:
Charitable activities 4 25,440 30,099
Net (expenditure)/income for the year/
Net movement in funds (25,440) 794,901
Fund balances at 1 February 2022 794,901 -
Fund balances at 31 January 2023 769,461 794,901

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

THE LAKELAND AUTISTIC CHARITY BALANCE SHEET AS AT31 JANUARY2023 2022 Flxed assets Tangiblo assels 707.845 707,845 Current assgts Cash at bank and In harml 61.616 87.056 Nel current a55ets 61,616 87.056 Total assets lèss Curmit liabiwes 769.481 794,901 Income funds Unreslricled lund5 769.461 794,901 769,461 794.901 Th8 financial slateMe￿S wer• approved by ts Trustees on 14AwH 2023 J Swannel Chairrnan

THE LAKELAND AUTISTIC CHARITY

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2023

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
Investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2023
£
-		 2022
£
£
£
(25,440)
794,901
(707,845)
-
(707,845)
-
-
(25,440)
87,056
87,056
-
61,616
87,056

THE LAKELAND AUTISTIC CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

1 Accounting policies

Charity information

The Lakeland Autistic Charity is a charity managed by 6 trustees. The registered office is Park View Cottage, 6 Park View, Askham, Penrith, CA10 2PB.

1.1 Accounting convention

The accounts have been prepared in accordance with 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)” (as amended for accounting periods commencing from 1 January 2016). 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 £.

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

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.

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.

THE LAKELAND AUTISTIC CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 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.

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.

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.

3 Donations and legacies

Total Unrestricted
funds
2023 2022
£ £
Donations and gifts - 825,000

THE LAKELAND AUTISTIC CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2023

4 Charitable activities

Gardening
Broadband
Power, light and heat
Rates
Insurance
Repairs and maintenance
Travel expenses
Equipment
Surveyor fees
Legal and professional fees
Sundry		 2023
£
290
125
3,824
4,472
946
2,080
-
12,687
-
720
296
25,440
25,440		 2022
£
-
-
-
712
842
7,478
728
-
1,400
18,261
678
30,099
30,099

5 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

6 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Total - -

THE LAKELAND AUTISTIC CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2023

7
Tangible fixed assets
Freehold land and
Cost
At 1 February 2022
At 31 January 2023
Carrying amount
At 31 January 2023
At 31 January 2022		 buildings
£
707,845
707,845
707,845
707,845

8 Related party transactions

There were no disclosable related party transactions during the year.