THE LEARNING SKILLS TRUST
CHARITY NUMBER:
1202498 (ENGLAND AND WALES)
COMPANY REGISTRATION NUMBER:
CE031826(ENGLAND AND WALES)
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS
PERIOD OF ACCOUNTS
START DATE: 1[ST] SEPTEMBER 2024
END DATE: 31[ST] AUGUST 2025
THE LEARNING SKILLS TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the Period Ended 31 August 2025
| Page | |
|---|---|
| Trust Information | 1 |
| Report of the Trustees | 2 |
| Surplus and Deficit Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| The following pages do not form part of the | |
| Statutory financial statements: | |
| Independent Accountants’ Report | 8 |
| Detailed Financial Statement |
9 |
THE LEARNING SKILLS TRUST
TRUST INFORMATION for the Period Ended 31 August 2025
TRUSTEES:
Emma McKendrick resigned 22.11.24 John Davies resigned 01.05.25 Eric Smart Andrew Gist Paul Brewster Mark Richards resigned 22.11.24 Peter Wells Robert Williams resigned 22.11.24 Victoria Bagnall Christopher Stevens Julia Harrington Joel Worrall appointed 20.11.25
TRADING ADDRESS:
Long Meadow Berwick St James Salisbury Wiltshire SP3 4TQ
CHARITY NUMBER:
1202498 (England and Wales)
ACCOUNTANTS:
Smart Accountants Ltd Office 3 South Staffs Freight Terminal Lynn Lane Shenstone WS14 0ED
Page 1
THE LEARNING SKILLS TRUST
REPORT OF THE TRUSTEES for the Period Ended 31 August 2025
The trustees present their report with the financial statements of the trust for the period ended 31[st] August 2025.
PRINCIPAL ACTIVITIES
The principal activity of the trust in the period under review was: Education and training.
TRUSTEES
The trustees below have held office during the period under review:
Emma McKendrick John Davies Eric Smart Andrew Gist Paul Brewster Mark Richards Peter Wells Robert Williams Victoria Bagnall Christopher Stevens Julia Harrington
No trustee was appointed to the trust during the period: The following trustees resigned during the period.
Emma McKendrick John Davies Mark Richards Robert Williams
Political and charitable donations
No charitable donations were made during the year. No contributions to political organisations were made during the year.
The above report has been prepared in accordance with the provisions in Part XV of the Companies Act 2006 relating to small companies.
This report was approved by the board of trustees on: 20[th] November 2025
Paul Brewster CHAIRMAN OF TRUSTEES
Page 2
THE LEARNING SKILLS TRUST
NOTES TO THE FINANCIAL STATEMENTS for the Period Ended 31[st] August 2025
1. ACCOUNTING POLICIES
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover policy
The turnover shown in the surplus and deficit account represents revenue earned during the period, excluding VAT.
Tangible fixed assets depreciation policy
Depreciation is provided at the following annual rates in order to write of each asset over its estimated useful life.
Computer equipment - 33% on cost
Valuation information and information policy
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Other accounting policies
Assets obtained under hp or leases are capitalised in the balance sheet and depreciated over their useful lives or lease term, whichever is shorter. The interest element is charged to the profit and loss account over the period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account as incurred. Research and development expenditure is written off in the period in which it is incurred.
2. OPERATING SURPLUS/(DEFICIT)
The operating surplus and deficit is stated after charging:
2025 2024 £ £ Depreciation - owned assets 127 191 Trustees' emoluments and other benefits etc 0 0
Page 5
THE LEARNING SKILLS TRUST
INDEPENDENT ACCOUNTANTS’ REPORT TO THE TRUSTEES OF THE LEARNING SKILL TRUST ON THE UNAUDITED ACCOUNTS
To the trustees:
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31[st] August 2025 set out on pages three to eight and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these un-audited financial statements, in order to assist you to fulfil your statutory responsibilities. These unaudited financial statements have been compiled from the accounting records, information and explanations supplied to us.
Our report has been prepared in accordance with the terms outlined above and for no other purpose. No person is entitled to rely on this report other than the trustees of The Learning Skills Trust or any other person expressly authorised to do so by our prior written consent. Save as above, we do not accept responsibility for this report to any other person or for any other purpose and we hereby disclaim any and all such liability.
You have approved the financial information and have acknowledged your responsibility for it, for the appropriateness of the accounting basis and for providing all information and explanations necessary for its completion.
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not therefore express any opinion on the financial information.
Smart Accountants Limited Office 3 South Staffs Freight Terminal Lynn Lane Shenstone WS14 0ED
Dated: 19[th] November 2025
This page does not form part of the statutory financial statements Page 8
DETAILED SURPLUS AND DEFICIT ACCOUNT FOR THE YEAR ENDED 31[st] August 2025
FOR
THE LEARNING SKILLS TRUST
Page 9
LEARNING SKILLS TRUST
TRADING AND PROFIT AND LOSS ACCOUNT 31 August 2025
| 1 INCOME Sales Other income & grants 2 COST OF SALES Opening work in progress Direct Costs/purchases Equipment & tools Sub-contract costs Less: Closing stock Closing work in progress GROSS PROFIT 3 ADMINISTRATIVE EXPENSES Trustees' remuneration Employee costs Motor expenses Travel & subsistance Vehicle lease purchase Premises costs Repairs and renewals General administrative expenses Training & recruitment costs Advertising & promotion Other financial charges Accountancy, legal & professional fees Bad debts Depreciation Leasehold Improvements Depreciation office equipment Depreciation furniture & fixtures Depreciation motor vehicles Other expenses OPERATING PROFIT 6 FINANCE INCOME Bank account interest 7 FINANCE COSTS Bank interest NET PROFIT/(LOSS) |
2025 Budget 2025 2024 £ £ £ 199,500 187,454 166,759 2,842 5,020 199,500 190,296 171,779 0 0 0 9,000 11,729 7,676 0 0 0 106,150 113,797 70,372 0 0 0 115,150 125,526 78,048 0 0 115,150 125,526 78,048 84,350 64,770 34% 93,731 55% 0 0 0 42,000 37,276 36,004 0 0 0 18,000 24,996 21,124 0 0 0 0 0 0 0 0 858 19,000 12,853 12,105 7,000 0 0 7,000 7,153 9,768 224 4 4,704 4,620 0 0 0 0 0 0 127 127 191 0 0 0 0 0 0 0 0 0 93,127 87,333 84,674 (8,777) (22,563) 9,057 111 2,383 1,549 0 0 0 (8,666) (20,180) -11% 10,606 6% |
|---|---|
This page does not form part of the statutory financial statements
Page 10
LEARNING SKILLS TRUST
SURPLUS AND DEFICIT ACCOUNT 31 August 2025
| Notes TURNOVER Cost of Sales GROSS PROFIT Administrative Expenses OPERATING (LOSS)/PROFIT 2 Interest Receivable and similar income Interest payable and similar charges PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION Tax on profit on ordinary 3 activities PROFIT/(LOSS) FOR THE FINANCIAL YEAR AFTER TAXATION Retained profit brought forward Dividends RETAINED PROFIT CARRIED FORWARD |
2025 £ 190,296 125,526 64,770 87,333 (22,563) 2,383 0 (20,180) 0 (20,180) 43,221 0 23,041 |
2024 |
|---|---|---|
| £ 171,779 78,048 |
||
| 93,731 84,674 |
||
| 9,057 1,549 0 |
||
| 10,606 0 |
||
| 10,606 32,615 0 |
||
| 43,221 |
These notes form part of the financial statements
Page 3
LEARNING SKILLS TRUST
BALANCE SHEET 31 August 2025
| Notes FIXED ASSETS: Tangible assets 4 CURRENT ASSETS: Stocks Debtors 5 Cash at bank and in hand CREDITORS:Amounts falling due within one year 6 due after one year 7 NET CURRENT (LIABILITIES)/ASSETS: TOTAL ASSETS LESS CURRENT LIABILITIES: PROVISION FOR LIABILITIES AND CHARGES: CAPITAL AND RESERVES: Profit and loss account 8 Shares 9 SHAREHOLDERS' FUNDS: |
£ 0 12,336 44,252 |
2025 | £ 0 0 55,624 |
2024 |
|---|---|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025
No notice has been deposited under Section 476 of the Companies Act 2006 in relation to its financial statements for the financial year.
The directors acknowledge their responsibility for:
(a) ensuring that the directors keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. These financial statements have been prepared in accordance with the special provisions of part XV of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities 2015 (effective January 2015).
ON BEHALF OF THE BOARD:
Mr Paul Brewster
Chairman of Trustees Approved by the Board on
November 2025 These notes form part of the financial statements
Page 4
LEARNING SKILLS TRUST
NOTES TO THE FINANCIAL STATEMENTS 31 August 2025
3 TAXATION
The tax (credit)/charge on the loss on ordinary activities for the year was as follows:
| UK Corporation Tax/(refund) Corporation Tax over provision Deferred Taxaton |
2025 2024 £ £ 0 0 0 0 0 0 |
|---|---|
| 0 0 |
UK Corporation Tax has been charged at 19/25%
| 4 | TANGIBLE FIXED ASSETS | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|---|
| Plant and | Office | Furniture | Motor | |||
| **machinery ** | equipment | & fixtures | vehicles | Totals | ||
| £ | £ | £ | £ | £ | ||
| COST | ||||||
| 1 September 2024 | 0 | 2,074 | 0 | 0 | 2,074 | |
| Additions | 0 | |||||
| 31 August 2025 | 0 | 2,074 | 0 | 0 | 2,074 | |
| DEPRECIATION | @25%WDV | 33% RB | ||||
| 1 September 2024 | 0 | 1,692 | 0 | 0 | 1,692 | |
| Charge for the year | 0 | 127 | 0 | 0 | 127 | |
| 31 August 2025 | 0 | 1,819 | 0 | 0 | 1,819 | |
| NET BOOK VALUE | ||||||
| 31 August 2025 | 0 | 255 | 0 | 0 | 255 | |
| 1 September 2024 | 0 | 382 | 0 | 0 | 382 |
5 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|---|---|
| Trade Debtors VAT; debtor Prepayments |
2025 2024 £ £ 12,336 0 0 0 0 0 |
| 12,336 0 |
Page 6
LEARNING SKILLS TRUST
NOTES TO THE FINANCIAL STATEMENTS 31 August 2025
| 6 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors (Legal & professional fees) Other creditors; pensions Creditors VAT Creditors PAYE/NI Creditors Nest Creditors Corporation Tax Accruals/prepayments 7 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR Director's loan account 8 SURPLUS AND DEFICIT ACCOUNT Profit and loss account b/f Dividends Profit for the year Profit carried forward 9 CAPITAL & RESERVES Ordinary £ shares Ordinary £ B shares 10 AVERAGE NUMBER OF EMPLOYEES 11 CONTROL |
2025 2024 £ £ (2,032) (2,030) 0 0 0 0 (2,151) (1,446) (326) (316) 0 0 (29,293) (8,993) |
|---|---|
| (33,802) (12,785) |
|
| 2025 2024 £ £ 0 0 |
|
| 0 0 |
|
| 2025 2024 £ £ 43,221 32,615 0 0 (20,180) 10,606 |
|
| 23,041 43,221 |
|
| 2025 2024 £ £ 0 0 0 0 |
|
| 0 0 |
|
| 2025 2024 1 1 |
The trust is controlled by the trustees listed above.
Page 7