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2024-11-30-accounts

Charity registration number 1194148 (England and Wales) Company registration number 12338881

LGB ALLIANCE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

LGB ALLIANCE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms K R Harris
Ms B Jackson
Professor R Wintemute
Lord Young of Norwood Green
Ms E Gallagher OBE
Mr D Kehoe
Ms R Hotchkiss
Ms J Cherry (Appointed 27 November 2024)
Senior management Ms K Barker Chief Executive Officer
Charity number (England and Wales) 1194148
Company number 12338881
Registered office 167-169 Great Portland Street
5th Floor
London
W1W 5PF
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 9 - 17

LGB ALLIANCE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2024

The trustees present their annual report and financial statements for the year ended 30 November 2024.

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 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

At the end of 2023 we secured a big win for LGB people having successfully campaigned for amendments to the last UK legislation discriminating against same-sex couples ensuring that from 31 December 2023, the surviving same-sex spouse or civil partner of a deceased member of an occupational pension scheme must receive the same survivor benefits as an opposite-sex spouse.

This was followed by a popular interview on our YouTube with our trustee Robert Wintemute who led this campaign.

We launched our brand new Info Sheets, a series of resources on our website designed to offer information and support on the specific rights and needs of lesbians, gay men and bisexuals. These were released throughout the year, with 9 currently available and more to come.

Having filmed all the session from our successful third conference, we released them in December on our YouTube and promoted them across our social media channels.

As 2024 began we continued to grow our Core Supporter programme and our Friends of LGB Alliance local social groups. Our Friends groups have grown significantly this year and there are now 32 groups across the country.

We have made many submissions to both national and international organisations this year including the WHO, UN, Scottish Government and many UK Government departments. Where appropriate we provided guidance to our supporters on how they effectively responded to consultations and calls for input, this included our response to the Scottish Government consultation on Conversion Practices. We also attend many meetings in the aim of promoting LGB rights with legislators and independent experts such as Anneliese Dodds MP, Wes Streeting MP and Special Rapporteur Reem Alsalem.

LGB ALLIANCE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

After the success of our ‘Gay teens aren’t sick’ campaign, in March we launched the ‘Best practice, not private practice’ campaign by writing to the Secretary of State for Health and Social Care urging her to close the loophole that allows private sales of puberty blockers for kids. We were very pleased that our efforts in this area were successful, and the government committed to banning private clinic prescriptions of puberty blockers in May 2024.

A major achievement for us this year has been the launch in May of The Lesbian, Gay and Bisexual Helpline for same-sex attracted young people. This is a service delivered by LGB Alliance and has long been a fundamental aim of our organisation. We are delighted this service, still in its pilot phase, is continuing to develop and grow.

After the publication of The Cass Review Final Report we launched our ‘I Stand with Cass’ campaign in June to promote the contents of the report as a key issue with legislators encouraging our supporters to ask questions of their MPs during the campaign for the General Election. At that time we also wrote to the leaders of all the major political parties to ask that they clarify their party’s positions on issues we know are key to LGB people.

August saw us run our second annual LGB History Month online, which again proved to be very popular across our social media platforms, website and newsletter to highlight significant LGB cultural and historical moments and figures.

In September we appointed a Supporter Engagement Officer to support our growing network of Friends groups and services.

October saw our fourth Conference, that was open to the general public and was attended by over 700 people. For this event we also offered a number of free tickets to those who could not afford to purchase their own. We filmed the sessions throughout the day and made these accessible for free on our YouTube channel.

In November we submitted an intervention alongside Scottish Lesbians and The Lesbian Project in the forthcoming For Women Scotland v The Scottish Ministers Appeal Case, which was heard at the UK Supreme Court. We await the outcome of this case.

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.

We have continued to grow our supporter base and engage with them regularly through our monthly newsletter. As well as creating many new resources on our website and through a regular series of webinars.

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 continuing to build on these activities.

Financial review

The financial results are set out in the following statement of financial activities. The year ended 30 November 2024 shows a net surplus on funds amounting to £132,895 (2023 - deficit of £105,084) giving the charitable company total reserves of £150,463 (2023 - £17,568) to be used in furtherance of its charitable objects.

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.

LGB ALLIANCE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

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.

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 (Resigned 26 February 2025) Ms E Gallagher OBE Mr D Kehoe Ms R Hotchkiss Ms J Cherry (Appointed 27 November 2024)

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 eight Trustees / Directors, one Chief Executive Office, seven voluntary policy team members, one Head of Operations, one Supporter Engagement Officer, one freelance Fundraising Co-ordinator, one voluntary Press Officer, one freelance digital marketer and up to 24 volunteers who assist with our helpline, 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

29 July 2025

LGB ALLIANCE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 30 NOVEMBER 2024

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 2024.

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.

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Companies Act 2006 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. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charitable company’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in 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 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.

Campbell Wilson

John Wilson FCA ATII

Howard Wilson Chartered Accountants 36 Crown Rise Watford Hertfordshire WD25 0NE 29 July 2025

LGB ALLIANCE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 NOVEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
455,348
61,170
Charitable activities
4
33,186
-
Other trading activities
5
537
-
Investments
6
74
-
Other income
7
710
-
Total income
489,855
61,170
Expenditure on:
Raising funds
8
31,089
-
Charitable activities
9
343,417
43,624
Total expenditure
374,506
43,624
Net income/(expenditure) and
movement in funds
115,349
17,546
Reconciliation of funds:
Fund balances at 1 December
2023
14,107
3,461
Fund balances at 30
November 2024
129,456
21,007		 Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
516,518
192,475
10,000
202,475
33,186
43,118
-
43,118
537
697
-
697
74
172
-
172
710
-
-
-
551,025
236,462
10,000
246,462
31,089
22,766
-
22,766
387,041
318,585
10,195
328,780
418,130
341,351
10,195
351,546
132,895
(104,889)
(195)
(105,084)
17,568
118,996
3,656
122,652
150,463
14,107
3,461
17,568

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

LGB ALLIANCE

BALANCE SHEET

AS AT 30 NOVEMBER 2024

Notes
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
The funds of the charitable company
Restricted income funds
17
Unrestricted funds
18		 2024
£
4,000
148,667
152,667
(2,204)		 £
150,463
21,007
129,456
150,463		 2023
£
1,000
20,985
21,985
(4,417)		 £
17,568
3,461
14,107
17,568

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 2024.

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 29 July 2025

Ms E Gallagher OBE

Trustee

Company registration number 12338881 (England and Wales)

LGB ALLIANCE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 NOVEMBER 2024

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
21
Investing activities
Investment income received
Net cash generated from investing activities
Net cash generated from financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
74		 £
127,608
74
-
127,682
20,985
148,667		 2023
£
£
(101,499)
172
172
-
(101,327)
122,312
20,985

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies

Charity information

LGB Alliance is a private company limited by guarantee incorporated in England and Wales. The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF.

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 2024

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 2024

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 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
455,348
41,170
Grants
-
20,000
455,348
61,170
Grants
The Hadley Trust
-
20,000
Other
-
-
-
20,000
4
Charitable activities
Conference and Events Income
5
Income from other trading activities
Other income		 Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
496,518
115,475
-
115,475
20,000
77,000
10,000
87,000
516,518
192,475
10,000
202,475
20,000
-
-
-
-
77,000
10,000
87,000
20,000
77,000
10,000
87,000
2024
2023
£
£
33,186
43,118
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
537
697		 Total
2023
£
115,475
87,000
202,475
-
87,000
87,000
2023
£
43,118

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

6 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 74 172
7 Other income
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Other income 710 -
8 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Advertising 31,089 22,766

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

9 Charitable activities

Staff costs
Conference and events costs
Administration support costs
Insurance costs
Premises, office and IT costs
Helpline costs
Travel and accomodation costs
General expenses
Legal and professional costs
Bank charges and other finance costs
Governance Costs
Grant funding of activities (see note 10)
Analysis by fund
Unrestricted funds
Restricted funds - general		 2024
£
165,304
136,156
1,838
1,280
24,676
7,569
10,202
742
3,479
185
34,610
1,000
387,041
343,417
43,624
387,041		 2023
£
113,829
146,105
17,454
560
24,248
195
8,667
737
5,632
393
960
10,000
328,780
318,585
10,195
328,780

Included within governance costs are independent examiner's fees of £1,034 (2023 - £960) and legal fees of £33,576.

10 Grants payable

Grants payable
2024 2023
£ £
Grants to institutions:
Other 1,000 10,000

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, but 3 of them were reimbursed a total of £4,667 expenses (2023- 2 were reimbursed £6,222).

Details as follows:

3 Trustees - £3,836 Travelling and Accommodation expenses 2 Trustees - £831 General expenses

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

12 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000
is as follows:
£60,001 to £70,000
£80,001 to £90,000		 2024
Number
2
2024
£
149,884
12,860
2,560
165,304
2024
Number
-
1		 2023
Number
2
2023
£
106,615
4,957
2,257
113,829
2023
Number
1
-

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Debtors

14
Debtors
Amounts falling due within one year:
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
4,000
2024
£
1,003
1
1,200
2,204		 2023
£
1,000
2023
£
3,218
-
1,199
4,417

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

16 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 2,560 2,257

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 Incoming Resources At 30
December resources expended November
2023 2024
£ £ £ £
National Lottery 3,461 - (3,461) -
Legal Expenses Fund - 41,170 (36,055) 5,115
Hadley Trust - 20,000 (4,108) 15,892
3,461 61,170 (43,624) 21,007
Previous year: At 1 Incoming Resources At 30
December resources expended November
2022 2023
£ £ £ £
National Lottery 3,656 - (195) 3,461
Hadley Trust - 10,000 (10,000) -
3,656 10,000 (10,195) 3,461

The National Lottery grant was provided to assist with the setting up of a helpline. The helpline having now been established and operational.

The Hadley Trust grant was received to assist with development of the helpline and to assist with the ongoing operational costs of running the helpline.

The Legal Fund was set up to cover legal expenses incurred by the charity.

.

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 Incoming Resources At 30
December resources expended November
2023 2024
£ £ £ £
General funds 14,107 489,855 (374,506) 129,456
Previous year: At 1 Incoming Resources At 30
December resources expended November
2022 2023
£ £ £ £
General funds 118,996 236,462 (341,351) 14,107
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 30 November 2024:
Current assets/(liabilities) 129,456 21,007 150,463
129,456 21,007 150,463
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 30 November 2023:
Current assets/(liabilities) 14,107 3,461 17,568
14,107 3,461 17,568

19 Analysis of net assets between funds

20 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

LGB ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

21
Cash generated from/(absorbed by) operations
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Movements in working capital:
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Cash generated from/(absorbed by) operations
22
Analysis of changes in net funds		 2024
2023
£
£
132,895
(105,084)
(74)
(172)
(3,000)
3,000
(2,213)
757
127,608
(101,499)

The charitable company had no material debt during the year.