2023-03-31-accounts - Lindley Educational Trust Limited

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247662
Hollowford Centre
Csstleton
HOPE VALLEY
S338WB
SirD W Butterfteld	(resigned	10s'June 2023)
klr R A Hall
hlr PDJones
SirJ Price	(Chairman)
klrJ 31Reynolds
Mr D Henderson
klr TSoar
airs i Jan s
hlr A Robinson
Sir kl Williams
hlr P Booker
Mrs BEgan
Barclsys Bank pic.
klarket Place
Town Centre
LEICESTER
LE872BB
Hawsons Chartered	Accountants
Statutory Auditor
Pegasus House
463a Glossop Road
SHEFFIELD
S102QD

Report ofthe trustees			1-6
Independent auditor's	report		7-9
Statement offinancial	activities (incorporatinB	the income and
expenditure account)			10
Balance sheet
Statement ofcash flows
Notes to the financial	statements		13—22

eneficiaries
Young people ofschool age	14,341delegate	days (2022:13,077)
Young people ofpost school age	7,356delegate	days (2022:5,782)
Community activity &venue hire	2,652delegate	days (2022: 1,464)

Independent auditor's report to the trustees of Lindley Educational Trust Limited -ludL't pmcedures pcrfonned bj tht enwemenl ream included.. Discussiorts wrh lwageMent and t1105e 1¥sponsiI)le for Icgxl compliance procediires IlI)Iti the ch2ntal)le compan!. to olJrAin 2A undcr$tai)ding of IliL, IL'1 and re%ularoL?' frxmc'ii'ork apph"cslile io Ihe ihAIiiRblc campo11!' Ind how rhe charjrahle compxn!. coMpe5 Ilryth that IrAmcwork. includinkj roiisiderauon of (Ir $uspecied inslaDces of nwi- RLiiel1ftg mirtiilc% of-friistee meciiTig$- IdcJiiJf!'uig Ind 254cssinx rhc des1} efleciii'cness ol tontrols Ihar management hgs in p12ce io prei-eni and dctcct fraud ai)d rt(m-cotnphancc r]lh lam's And rcwlatiOn5' ChallL'JiginR assutnptians and jiidBcmcnr5 made b!. managrmL'nt in thetr siwlicAni 3ccounrin8 estirnaics. Ideniifi'inx 1nJ testin8 ioiirnal entries, Jn particular an)- ioumal entries p05tcd tith unusual acctsuni colnbtiOos or posicd l)I' %Lniot mdnagcmL'nt. There AfL' IiiliL'tLrtt kntations iti the audit prOccdurc5 d¢Kril)cd Al)oi'C Aiid InuTu r¢invN"L'd nvii-iDJni)iiAIlLL W11h law5 nd re8ulatJons 1% from the -ent5 and iraosaciions tetleired in the Iitiancial staletneats. the le likcli. we are to becnmc aw'At£ uf st. .U$r, tlie llsk olrloi dcrcctiftg R tTlatetial missiai¢mcnT due to Fraud is higheT than t]ie n5k nf iiot deEtC12ng one resuliing from L'rroE, a5 fraud m¥!. Jni'()li'c debbcrate coniealmeni b),. for exaznple. foigery. or lliiettiionxl mistepicstniaiioAS. or through collusion. -{ further description of our r¢5pon%ihiliies 1% Rl-ail.al)le an the l.inAIiCIAI RtIng C.ouncil's website at.. ..frc.oig.uk12uditors/iiidii-41S%U111 nLI./aiiditor-s-rcsp(111silJilJiiLS-Fi)r-Ihc-2uthi-ol.the-fildL'Knptson-of.ilic-1diloT,5- re5p0n5Ibthue$-for.'IjS descriptson Eonns pari of our auditor's rcpon. Us• of our report 'lThis rcpori 14 mAde 501el!' to thc chariidble compan! s tneml)ers. as A bod!.. in 2ccnrdJncL lbiih ChAptL'r 3 of Part l() i)f thc Cofftparues .Ici ?11(16. Oui audit work has bcco underraken so that whi st21L' to the charit41)IL compan!-'$ fnetntJer$ rhn$L' maiiL'rs we [C reqred ro sraie to thetn an Rudjior's repoil and for no oilicr Plirpose. I'o ilie fullesi oitcnt PL'rinitted b). law, di> nol acicpt or assume re$pon$il)ilin' ro AA!'onc oth¢t than ihe chRLlt2ble COMP1. and ilie chaniai)l¢ cofftpan! s meml)¢i% as a bod!., for our gudii 'ork. for thi5 repoTr. or lor Iht opjnioAS Il'c hai'L lormed. LJSts4) %imrin 141Adcn. Sellr Si8ruron' .ludiror I'nr and on l)ehalf OF pla1}5 (-hxrtereLI .licoun12ftr5, Stawton. ..luditor Pc£asll$ F4ou5e 4632 C-Ios5np Road Sli¢ffJ¢l 411) ?oi) DatL.'

			Unrestricted	Restricted	Total	Total
		Note	funds	ill uris	2UZ3	2U22
Income from:
Donations and legacies			6,010	221,845	227,855	219,390
Government grants				63,393	63,393	146,387
Charitable activities
Courses and training			1,450,798		1,450,798	973/84
Investments			1,386		1&386	40
Total income			1,458,194	285,238	1,743,432	1,339,101
Expenditure on:
Raising funds			18,587		18,587	7,726
Charitable activities			1,375,767	190,336	1,566,103	1,282,299
Total expenditure			1,394,354	190,336	1,584,690	1,290,025
Net income			63,840	94,902	158,742	49,076
Net movement in funds before transfers			63,840	94,902	158,742	49,076
Transfer between funds			45,373	(45,373)
Net movement in funds			109,213	49,529	158,742	49,076
Fund balances brought	forward at 1 April 2022		1,203,724	174,688	1,378,412	1,329,336
Fund balances cauied	forward at31March 2023		1,312,937	224417	1,537,154	1,378,412

		Note	2023	2022
Fixed assets
Tangible assets			1&302)281	1352653
Current assets
Stocks		10	2,742	1,850
Debtors		11	153,943	219,533
Cash at bank and in	hand		606,585	457,931
			763,270	679,314
Creditorsi amounts	falling due within one year	12	(389,119)	(414,419)
Net current assets			374,151	264,895
Total assets less cmrent liabiTities			1,676,432	1,617,548
Creditors: amounts	falling due aftet more than one year
Long term loan		12	(130,994)	(222,568)
Provisions for liabilities		13	(8,284)	(16 568)
			(139,278)	(239,136)
Net assets			1,537,154	1/78,412
Income funds
Dnresuicted funds		14	1,312,937	1,203,724
Restricted funds		15	224,217	174,688
			1,537i154	1378 412

						Note	2023	2022
Cash flows from operating		activities
Net cash provided by operating activities						16	318)161	169,929
Cash flows from investing	activities
Proceeds from sale oftangible		fcxed assets
Purchase ofrsngtble Bred assets						9	(79,614)	(15,329)
Net cash used in investing		activities					(79,614)	(I5,329)
Cash flows from flnancing		activities
Receipt ofloan
Interest on loan							15,304	13,773
Repayment ofloan							(105,197)	(84,677)
Net cash used in flnancing		activities					(89,893)	(70,904)
Change in cash and cash equivalents			in the repomng	period			148,654	83,696
Cash and cash equivalents		at the beginning ofthe repotting			period		457,931	374,235
Cash and cash equivalents		at the end	oftbe reporting	period			606,585	457,931

					&kctivihes	for
						Young
					Young	people
				Marketing	people of	post
		Basisof		arid	scbool	school			2023	72022
		allocation		fundraisiag	age	age	Community	Governance	Total	Total
Costs directly allocated to
activiYies
Statycosu			Direct		'&9'&459	220,106	4 273		554,818	444"95
I&reelancc
consultancy			Direct		85,730	64321	12,386		162,637	143374
Ilogowford
running cost:			Direct		12,020	9,046	1,735		22,801	22,44G
hk&ror vehicl«s and
travd			Direct		20,947	15,765	3,027		39,739	39,427
Other direct	costs		17ircct		109,535	82,43G	15,825		207,796	133,431
.Iudit			Direct					7,800	7„&00	7,310
Support costs
Ihtablisbmcnt			Usage		61,833	46,53G	8,933		117,302	94,531
guff costs			Time	18,587	132274	99,549	19,110		269,520	211,385
Professional	fees		Usage		2,620	1,972	378		4,970	9372
Ofticc costs			Usage		14,600	10,988	2,109		27,697	24,289
Pnhlir lishiliry
insurance			Usage		6,039	4,544	877		11,455	11,455
Dcpfcciatl(xt			Usage		68,519	51368	9,899		129,986	125,188
Gcncral costs			Usage		6,781	5,104	980		12,865	9,G21
Pn&fit in saic	of
fired asset		Transaction
Bank (:barges		Transaction			8,068	6,071	1,165		15,304	13,901
Total tesources expended				18,587	821,425	618,206	118,672	7,800	1,584,690	1,290,025
Total expenditure		includes:							2023	2022
.huditor's remuneration									7,800	7,310
Depreciation:
Tangible Bxed		assets, owned							129,986	125,188
Other operating		lease	rentals						21,187	14.293

Staff c	osts during the year were as followst
		2023	2022
Wages	and salaries	727,726	586,626
Social	security costs	55,728	39,462
Other	pension costs	40,883	29,518
		824,337	655,606

Tangible	fixed	assets
			Freehold	Furniture
			land and	anti	Motor
			buildings	equipment	vehicles	Total
Cost
At 1 April 2022			2,665,653	538,862	108,797	3,313,312
Additions			39,787	39,827		79,614
Disposals
At 31 hlarch	2023		2,705,440	578,689	108,797	3,392,926
Depreciation
At I April 2022			1,377806	498,996	84,457	1,960,659
Provided in	the year		99,781	20,196	10,009	129,986
Depreciation	on disposal
At 31 hlarch	2023		1,476,987	519,192	94,466	2,090,645
Net book amount		at 31Match 2023	1~8,453	59,497	14@31	1/02,281
Net book amount		at 31 hlarch 2022	1,288,447	39,866	24,340	1,352,653
All tangible	6xed assets were used for charitable purposes.

Stocks
		2023	2022
Goods for re-sale		2,742	1,850
Debtors
		2023
Trade debtors		67,720	126,007
Preps&vnents	and accrued income	86,223	93,526
		153,943	219,533

				2022
Trade creditors			11,752	36,925
Social security	and other taxes		18,754	12,966
Other creditors	and deferred income		225,606	250,143
Current pornon	oflong-term	loan	90,392	88,711
Pension contributions			17,033	4,475
Accruals			25,582	21,199
			389,119	414,419

Amounts	fallinti due after more than one y	ear
		2023	2022
Long term	loan	130,994	222,568
Provisions	for liabilities	8,284	16p68
		139,278	239,136

		VAT
		provision
Balance	at 1 April 2022	16,568
Amount	utilised in the rear	(8384)
Balance	at 31klarch 2023	8,284

At 31 kfarch 2021		1,185,642
Income		1,058,422
Expenditure Tnmsfer from restricted	funds	(1,040,340)
At 31 hlarch 2022		1,203,724
Income		1,458,194
Expenditure		(1,394,354)
Transfer from restricted	funds	45,373
At 31 klarch 2023		1,312,937

			The	Ashton	Pitsmoor
			National	Youth	Youth
2022		Fooodatioo	Lottery	Clttb	Clitb	Other	Total
Balance st I April 2021		47,963		62,008	22,407	11,316	143,694
Income		39,358	18,200	139,769	83,352		280,679
Expenditure		(44,498)	(2,187)	(164,373)	(38,627)		(249,685)
Capital Expenditure
At 31blsrcb 2022		42,823	16,013	37,404	67)132	11,316	174,688
			The	Ashton	Pitsmoor
		Rank	National	Youth	Youth
2023		Foundation	Lottery	Club	Club	Other	Total
Balance at I April 2022		42,823	16,013	37,404	67,132	11,316	174,688
Income		24,000	45,450	84,728	88,560	42,500	285,238
Expenditure		(35,160)	(30,753)	(73,203)	(51,220)		(190,336)
Transfer to unrestricted	funds	(5,081)				(40,292)	(45,373)
At 31 hlsrch	2023	26,582	30,710	48,929	104,472	13,524	224,217

				2022
Net movement in funds Depreciarion oftangible fLxed assets			158,742 129,986	49,076 125,188
(increase)/ decrease in stocks			(892)	(474)
(increase)/ decrease in debtors			65,590	(93,928)
(Decrease)/ increase in creditors	excluding	the long-term loan	(26,981)	98,350
(Decrease) in provisions Profit on disposal ofBxed assets			(8,284)	(8,283)
Net cash provided by operating	activities		318&161	169,929

At 31 hlsrch 2023 the charitable company follows:	had minimum lease payment	s under non-canc	ellable operating	leases as
	Land and	Land and
	buildings	buildings		Other
	2023	2022		2022
Within one year	6,300	6300	7,985	4,177
Between one and five years	31,500	31,500	3,875	761
Over Bve years	81,779	88,079
	119,579	125,879	11,860	4,938

				Restricted	Unrestricted
				funds	Funds	Total
Fund balances	ar 31 hlarch 2023 are represenred		by:
Tangible gxed	assets				1,302,281	123029281
Current assets				224,217	539,053	763,270
Current liabiTities Long term liabilities					(389,119) ~1392 8	(3&9,119) ~239a78
Total net assets				224,217	1,312,937	1,537,154
				Restricted	Unrestricted
				ftmds	Funds	Total
Fund balances	at 31 hlarch 2022 are represented		by:
Tangible gxed	assets				1,352,653	1/52,653
Current assets				174,688	504,626	679,314
Cunent liabilities Long tenn liabilities					(414,419) ~239.136	(414,419) ~739,736
Total net assets				174,688	1,203,724	1,378,412
Sorrow(alla
						2022
Amounts due within one year					90@92	88,711
Amounts due between		one and gve years			130,994	222,568
Amounts due in over		gve years
Total liabtTrty					221486	311,279