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|247662|||
|---|---|---|
|Hollowford<br>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<br>Chartered|Accountants||
|Statutory<br>Auditor|||
|Pegasus House|||
|463a Glossop Road|||
|SHEFFIELD|||
|S102QD|||





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





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



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Independent auditor's report to the trustees of Lindley
Educational Trust Limited
-ludL't pmcedures pcrfonned bj tht enwemenl ream included..
Discussiorts wrh l￿wageMent and t1105e 1¥sponsiI)le for Icgxl compliance procediires I￿lI)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!. coMp￿e5 Ilryth that IrAmcwork. includinkj roiisiderauon of (Ir $uspecied inslaDces of nwi-
RLiiel￿1ftg mirtiilc% of-friistee meciiTig$-
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 colnb￿￿tiOos 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$r*, tlie llsk olrloi dcrcctiftg R tTlatetial missiai¢mcnT due to Fraud is higheT than t]ie n5k nf iiot deEtC12ng one
resuliing from L'rroE, a5 fraud m¥!. Jni'()li'c debbcrate coniealmeni b),. for exaznple. foigery. or lliiettiionxl
mistepicstniaiioAS. or through collusion.
-{ further description of our r¢5pon%ihilii*es 1% Rl-ail.al)le an the l.inAIiCIAI R￿￿￿tIng C.ouncil's website at..
..frc.oig.uk12uditors/iiidii-41S%U111 nLI./aiiditor-s-rcsp(111silJilJiiLS-Fi)r-Ihc-2uthi-ol.the-fildL'Knptson-of.ilic-1￿diloT,5-
re5p0n5Ibthue$-for.'I￿jS 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$L' maiiL'rs we ￿[C req￿red ro sraie to thetn ￿ an Rudjior's repoil and for no oilicr Plirpose. I'o ilie fullesi oitcnt
PL'rinitted b). law, di> nol acicpt or assume re$pon$il)ilin' ro AA!'onc oth¢t than ihe chRLlt2ble COMP￿1. and ilie chaniai)l¢
cofftpan! s meml)¢i% as a bod!., for our gudii ￿'ork. for thi5 repoTr. or lor Iht opjnioAS Il'c hai'L lormed.
LJSts4)
%imrin 141Adcn. Sell￿r Si8ruron' .ludiror
I'nr and on l)ehalf OF pla￿￿￿1}5 (-hxrtereLI .licoun12ftr5, Stawton. ..luditor
Pc£asll$ F4ou5e
4632 C-Ios5np Road
Sli¢ffJ¢l
411) ?oi)
DatL.'

## 

||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||Note|funds|ill uris|2UZ3|2U22|
|Income from:|||||||
|Donations<br>and legacies|||6,010|221,845|227,855|219,390|
|Government<br>grants||||63,393|63,393|146,387|
|Charitable<br>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<br>on:|||||||
|Raising funds|||18,587||18,587|7,726|
|Charitable<br>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<br>in funds before transfers|||63,840|94,902|158,742|49,076|
|Transfer between funds|||45,373|(45,373)|||
|Net movement<br>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<br>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<br>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<br>by operating<br>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<br>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|





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||||||&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<br>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<br>remuneration|||||||||7,800|7,310|
|Depreciation:|||||||||||
|Tangible Bxed||assets, owned|||||||129,986|125,188|
|Other operating||lease|rentals||||||21,187|14.293|





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|Staff c|osts during<br>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|



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|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<br>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.||||||



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|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|



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|||||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<br>in the rear|(8384)|
|Balance|at 31klarch 2023|8,284|



## 

|At 31 kfarch 2021||1,185,642|
|---|---|---|
|Income||1,058,422|
|Expenditure<br>Tnmsfer<br>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|





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||||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<br>unrestricted|funds|(5,081)||||(40,292)|(45,373)|
|At 31 hlsrch|2023|26,582|30,710|48,929|104,472|13,524|224,217|



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



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|At 31 hlsrch 2023 the charitable<br>company<br>follows:|had minimum<br>lease payment|s<br>under non-canc|ellable<br>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|





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