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2022-11-30-accounts

Charity registration number 1194148

Company registration number 12338881 (England and Wales)

LGB ALLIANCE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

LGB ALLIANCE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms K R Harris
Ms B Jackson
Professor R Wintemute
Lord Young of Norwood Green
Mr C Roeber
Ms E Gallagher OBE
Mr D Kehoe (Appointed 27 October
2022)
Charity number 1194148
Company number 12338881
Registered office Fergusson House
124-128 City Road
London
EC1V 2NX
Independent examiner John Wilson FCA ATII
Howard Wilson Chartered Accountants
36 Crown Rise
Watford
Hertfordshire
WD25 0NE

LGB ALLIANCE

CONTENTS

Page
Trustees' report 1 - 3
Statement of trustees' responsibilities 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 14

LGB ALLIANCE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2022

The trustees present their annual report and financial statements for the year ended 30 November 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objects of the charitable company are to promote equality and diversity for the public benefit.

in particular we aim to achieve this by - the elimination of discrimination on the grounds of sexual orientation; - advancing education and raising awareness in equality; and - diversity in respect of lesbian, gay and bisexual people.

The activities undertaken include conducting and/or commissioning research on equality and diversity issues and publishing the useful results to the public, and cultivating a sentiment in favour of equality and diversity for lesbian, gay and bisexual people. As well as promoting human rights (as set out in the universal declaration of human rights and subsequent united nations conventions and declarations) and particularly the rights and freedoms of those who face discrimination on the grounds of sexual orientation.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake.

Achievements and performance

We have engaged with a wide range of people in order to promote equality and eliminate discrimination.

Our monthly newsletter goes out to our ever-growing subscriber list and keeps them informed about our work.

We supported individuals who contacted us, either by engaging directly or by passing their query to other organisations that could help. Importantly, we provided a source of community and support to those who told us they felt isolated. We responded to a steady stream of people who wrote to thank us, to offer support and/or to request advice.

This year we continued to meet with politicians, academics, artists, journalists and healthcare professionals to make them fully aware of our work and we campaigned on a range of issues, including our continued work on the proposed reforms to the Gender Recognition Act, and proposals to ban two different kinds of “conversion therapy”, which would have directly impacted the rights of LGB people.

We attended many meetings and conferences throughout the year including political party conferences, LGBT AGGP meetings and grassroots conference and events to engage with attendees and discuss our work.

In January we launched our ‘Gay Teens Aren’t Sick’ campaign with a digital ad van in central London over a two day period and engaged with many MPs and Ministers on this issue. The campaign continued with the production of a film ‘Puberty Blockers? Gay Teens Aren't Sick!’ which has been shared free-of-charge on YouTube and viewed over 10,000 times. It was also sent to every MP, MSP and MS in the UK and shown in a fringe meeting at the Conservative Party Conference.

Also in January we launched our ‘Friends of’ network to encourage and support LGB people to rebuild some of their previously lost local community after the Covid-19 restrictions were lifted.

In March we appointed a Managing Director, Kate Barker, to oversee the day-to-day management of the organisation.

Also in March we launched our LGB Alliance Book Group. This is an online book group that meet quarterly with members of the LGB Alliance management team to discuss a popular book with an LGB theme.

LGB ALLIANCE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022

In the wake of the war in Ukraine we ran a campaign in our newsletter to help pair Ukrainian refugees with LGB friendly households in the UK.

In June we were awarded a grant from the National Lottery Community Fund to scope a Helpline for young lesbian, gay and bisexual people and their families and friends.

In August we launched our ‘How Can We Help You?’ survey, which was shared with nearly 6000 of our supporters. This had a 21% response rate and the information received has been invaluable not only in helping to understand our supporters needs and concerns, but in helping us to plan and provide the services to better support them.

In October we ran our second national Conference that was open to the general public and attended by over 600 people. In addition to offering a number of free tickets to those who could not afford to purchase their own.

We filmed all of the sessions from the day and shared them on our YouTube channel. These premiered throughout November and received more than 40,468 views in the first 28 days of being posted. As well as sharing these free of charge, we also premiered them with accompanying Live Q&As with members of our team and some of our conference guest speakers.

We are satisfied that this, and the range of other activities we have delivered, demonstrate that we have been effective in promoting the rights and freedoms of those who face discrimination on the grounds of sexual orientation. We look forward to building on these activities.

During the year a legal challenge was instigated by a number of bodies relating to the Charity Commission’s decision to award Charitable Status to LGB Alliance. LGB Alliance, through the generosity of its many supporters via its Legal Expenses Fund robustly countered this challenge, to demonstrate the appropriateness of the original decision and, on 6 July 2023, were successful. As a consequence, LGB Alliance has retained its Charitable Status.

Financial review

The financial results are set out in the following statement of financial activities. The year ended 30 November 2022 shows a net surplus on funds amounting to £96,555 (2021 - deficit of £8,276) giving the charitable company total reserves of £122,652 (2021 - £26,097) to be used in furtherance of its charitable objects.

Given the charitable company has only been established for a short period of time, the Trustees are pleased with how the charitable company has been performing financially and are keen to see its reserves grow in the periods to come.

It is the policy of the charitable company 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 charitable company’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.

The trustees have assessed the major risks to which the charitable company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The organisation is a company limited by guarantee and was incorporated on 28 November 2019. The organisation was awarded charitable status on 20 April 2021.

LGB ALLIANCE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms K R Harris Ms B Jackson Professor R Wintemute Lord Young of Norwood Green Mr C Roeber Ms E Gallagher OBE Mr D Kehoe (Appointed 27 October 2022)

All trustees are appointed following rigorous interviews based on the guidance issued by the Charity Commission.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

LGB Alliance consists of seven Trustees / Directors, one Managing Director, five voluntary management team members, one freelance Head of Operations, one freelance Fundraising Co-ordinator, one voluntary Press Officer and up to 14 volunteers who assist with our social media, shop, website, research, events and fundraising.

The trustees' report was approved by the Board of Trustees.

Lord Young of Norwood Green Trustee

Ms E Gallagher OBE Trustee

20 July 2023

LGB ALLIANCE

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 NOVEMBER 2022

The trustees, who are also the directors of LGB Alliance for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 year.

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

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

LGB ALLIANCE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LGB ALLIANCE

I report to the trustees on my examination of the financial statements of LGB Alliance (the charitable company) for the year ended 30 November 2022.

Responsibilities and basis of report

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

Having satisfied myself that the financial statements 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 the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (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

Since the charitable 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 am a member of , 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 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.

John Wilson FCA ATII

Howard Wilson Chartered Accountants 36 Crown Rise Watford Hertfordshire WD25 0NE

Dated: 20 July 2023

LGB ALLIANCE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 NOVEMBER 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and legacies
3
333,348
85,710
Charitable activities
4
30,240
-
Other trading activities
5
5,317
-
Investments
6
60
-
Total income
368,965
85,710
Expenditure on:
Raising funds
7
46,123
-
Charitable activities
8
229,943
82,054
Total expenditure
276,066
82,054
Net income/(expenditure) for the year/
Net movement in funds
92,899
3,656
Fund balances at 1 December 2021
26,097
-
Fund balances at 30 November 2022
118,996
3,656
Total Unrestricted
funds
2022
2021
£
£
419,058
92,746
30,240
21,728
5,317
3,698
60
56
454,675
118,228
46,123
24,266
311,997
102,238
358,120
126,504
96,555
(8,276)
26,097
34,373
122,652
26,097

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

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

LGB ALLIANCE

BALANCE SHEET

AS AT 30 NOVEMBER 2022

Notes
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Income funds
Restricted funds
14
Unrestricted funds
2022
£
4,000
122,312
126,312
(3,660)
£
122,652
3,656
118,996
122,652
2021
£
-
31,051
31,051
(4,954)
£
26,097
-
26,097
26,097

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 November 2022.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 20 July 2023

Ms E Gallagher OBE

Trustee

Company registration number 12338881

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

1 Accounting policies

Charity information

LGB Alliance is a private company limited by guarantee incorporated in England and Wales. The registered office is Fergusson House, 124-128 City Road, London, EC1V 2NX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charitable company, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charitable company is a Public Benefit Entity as defined by FRS 102.

The charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable 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.

1.2 Going concern

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

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the charitable company 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 charitable company 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.

1.5 Expenditure

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit or independent examination fees and costs linked to the strategic management of the charity.

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.

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022

1 Accounting policies

(Continued)

1.7 Financial instruments

The charitable 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 charitable company's balance sheet when the charitable 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022

2 Critical accounting estimates and judgements

In the application of the charitable company’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

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations and gifts
333,348
76,710
Grants receivable
-
9,000
333,348
85,710
Grants receivable for core activities
National Lottery
-
9,000
-
9,000
Total Unrestricted
funds
2022
2021
£
£
410,058
92,746
9,000
-
419,058
92,746
9,000
-
9,000
-
Total Unrestricted
funds
2022
2021
£
£
410,058
92,746
9,000
-
419,058
92,746
9,000
-
9,000
-
92,746
-
-

4 Charitable activities

2022 2021
£ £
Conference and Events Income 30,240 21,728

5 Other trading activities

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Merchandise Sales 5,317 3,698

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022

6 Investments

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Interest receivable 60 56

7 Raising funds

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Fundraising and publicity
Advertising 27,752 18,250
Other fundraising costs 15,752 1,500
Fundraising and publicity 43,504 19,750
Trading costs
Merchandise costs 2,619 4,516
46,123 24,266

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022

8 Charitable activities

Staff costs
Conference and events costs
Administration support costs
Insurance costs
Premises, office and IT costs
Training
Helpline costs
Travel and accomodation costs
General expenses
Legal and professional costs
Bank charges and other finance costs
Governance Costs
Analysis by fund
Unrestricted funds
Restricted funds
2022
£
30,720
101,813
22,369
560
17,056
-
5,344
11,053
1,053
120,497
332
1,200
311,997
229,943
82,054
311,997
2021
£
-
57,066
6,292
504
7,043
270
-
1,231
552
28,610
70
600
102,238
102,238
-
102,238

Included within governance costs are independent examiner's fees of £840 (2021 - £600)..

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, but 7 of them were reimbursed a total of £10,214 expenses (2021- 6 were reimbursed £6,089).

Detail as follows:

2 Trustees - £5,334 Travelling and Accommodation expenses 2 Trustees - £613 Office expenses 2 Trustees - £3,647 Conference expenses 1 Trustee - £620 General expenses

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022

10 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
1 -
Employment costs 2022 2021
£ £
Wages and salaries 30,214 -
Other pension costs 506 -
30,720 -

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

12
Debtors
Amounts falling due within one year:
Prepayments and accrued income
13
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income
2022
£
4,000
2022
£
2,460
1,200
3,660
2021
£
-
2021
£
4,354
600
4,954

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement Movement in funds Movement in funds
in funds
Incoming
Balance at
Incoming
Resources
Balance at
resources 1 December
resources
expended 30 November
2021 2022
£ £ £ £ £
National Lottery - - 9,000 (5,344) 3,656
Legal Expenses Fund - - 76,710 (76,710) -
- - 85,710 (82,054) 3,656

The National Lottery grant was to fund the setting up of a helpline.

The Legal Expense Fund was to receive donations to fund legal fees incurred by the charity.

15 Analysis of net assets between funds

Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 30 November 2022 are
represented by:
Current assets/(liabilities)
118,996
3,656
118,996
3,656
Total Unrestricted
funds
2022
2021
£
£
122,652
26,097
122,652
26,097
Total Unrestricted
funds
2022
2021
£
£
122,652
26,097
122,652
26,097
26,097

16 Related party transactions

Included with Other Creditors (Note 12) are amounts due to Related Parties of £nil (2021: £649).

The amounts owed are as follows:

Ms K Harris £Nil (2021 - £30) Ms B Jackson £Nil (2021 - £619)