Lindley Educational Trust Limited Financial statements For the year ended 31 March 2024 Charity no 247662 Company no 00867065
Llndley Educational Trnst Llmlted Financial Statements lor the year ended 31 March 2024 Company information LEGAL AND ADMINISTRATIVE DETAILS A Ch1t#ble Company Limited by Guarantee Company roglstratlon number 00867065 Charlty r•gl•tratlon numbor 247662 R•glst•rod offlc•: Houowford Centre Castkton HOPE VAIJ.EY 533 8WB Tru¥to•• and Dlr•¢torsz Mr D W Butterfield (resigned 10th June 2023) ,MrRAHall (rc5igned 5th July 2024) Mr P D Jones Mrj Pricc Mr J M Reynolds Mr D Henderson Mr T Soar MTS Kjoncs Mrs l. Mitcheu Mr T Curtis (Chair> (appointed 8th De¢emb¢r 2023) (appointed 5th July 2024) S•nlor Manag•m•nt T•am: Mr A Robinson Mr LM wi.3M$ Mr P Booker Mrs B Egan M5 R Y25een (appointed 15th May 2023) Bank•r4: B2rclay$ Bank plc. Market Place Town Ccntrc IEICESTER LE87 2BB Audltor. Haw50ns Chartercd Accountants Ststutory Auditor Pegasu5 House 4638 GIos50p Road SHEFFIEI SIO 2QD
Llndley Educatlonal Trust Llmlted Flnanclal statements lor the year ended 31 March 2024 Index to the financial statements Roport of tho trugtO05 Indop•ndent audltorfs raport Stat•m•nt ol flnanelal aetlvltl•• (IneorporatlTrg th• Incom• and •xpondlture account> 10 Balane• gh••t Stat•m•nt ol cash Ilows 12 Not•• to th• fln•nclal statom•nt• 13-22
Llndley Educatlonal Trust Llmltad Flnanclal statements lor tha year •nd8d 31 March 2024 Report of the trustees The trnStCC5 (who arc also thc dircctor5 Of the charitsblc company) prcsent thcir report together with financial staicments for the ye2r ended 31 iM2rch 2024. R•f•r•ne• and Admlnlstratlv• Datalls The pre5cnt mcmbcrship of the board is listcd in the Jxgal and Admini5trativc dctsits. Structur•, Gov•rnanc• and Manag•m•nt Governing Document The organisation is A charitable company limitcd by guarantee. incorporated on 20 December 1965 and registcred as A chariry on 20 Aptii 1966. The cgmp2ny wis establishcd undcT 4 Memorandum OF A5soci#tion which established th¢ objects and powers of the ch2ritable company and is governed under its Articles of Association. In thc evcnt of the company being WOLmd up membcry arc requircd co contributc an amount not cxceeding £1. Recruitment thnd Appointment of Tru8tee8 The diTCCtor$ of thc company arc also thc Charity tnistees. TTUStee$ ue •ppointcd taking into account the skills, know2edgc and diversiry requirements of the b02rd. Tru8tee Induction and Training Thc trusi¢c$ havc a widc varicry of skills and positive 8t¢p$ Ire being taken to explorc and utslisc these. Prospective trustees are briefed by the Chair and Chief Executive and invited ro observe meetings of the trustee board. To cnsure they are f8mi]iar with thc practi¢al work of thc organis#uon ali trustcc$ arc encouragcd to Yi51t the HoUowEord Centre and youth and communiry provision to ob5etve the young people's acuvities and programme$ that t2k¢ plA¢e th1ohout the y¢¥r. Oprn dys ate also organised on xn o¢ca$ional basi$. and tst¢c$ arc cncouragcd to attend these. 'Yhe Good Trustees Guide" 15 Also given to new tnjstees and they are encourAged to question and te8t AU elements of the Trust'$ appr02ch to govemaoce and safeguarding. Ri8k MAn8ement The tNstees continue to monitor the risks facing the business. both Commercial operational. with a vicw to cnsuring that Systems arc in place tv mitigate risk on an on-going basis. In vicw of thc Trusr's work with young people. its use of outdoor training and the location of rhe centre in the Pe2k District National Park. particular attcntion is givcn to monitor risks issoci#tcd with hcaith, safcty and thc cnvironmcnt, and to enswe that the Trust $etS 2nd maintains standards of excellence in these areas. The trustee board hA$ 2dopt¢d 4 8ovcmancc catcndar that cnsures therc 15 a 5chcdulcd revicw OF thc key arcas of risk. Organlsatlonal Structure Thc Trust'5 full board of tru$tccs is complcmcnted by a Finance sub-committee made up of 3 trustees, ChieE Executive and Business Manager and a Youth & Communiry Board made up of 2 tNstee$. 2 members of the exccutivc and rcprcsentauves of thc communitie5 served by the Trust. The bJll board rneets 4 times a year. The sub- committcc$ mcct as nccessary to infom) full board mcctings. The boord monitors and sets the strar¢gxc direction and policy with the Chief Executive. The agreed str2tegy 15 dclivcred through and cxccutive with the Chicf Exccutiv¢ working yryth a Hcad of Ccntrc5, Operation5 Manager. Busines5 Manager and Head of Youth & Community Services. Wider members of the Trust'$ 5ufF tcam arc invitcd to Trustec Board meetings ro proyidc addiuonai insight and accountabiliry. The Finance sub_committee rep)rt5 to the board providing initial govern2n¢e and making rccommcndations rclating to opcrauonai 5UStainabi]itir annua] budgeting. annual report and accounts. The Youth & Commutiity Boatd sub_ ommittee reports to thc board providing both youth 3nd communiry voices, an initial governance function for the Trust's Youth & Community provision and strateyc recommendations. Related Partie8 The Trust's Chief Exccutive is a tsustee a¢ The Peak Disthct LN'ational Park Foundation and The Institute For Outdoor Learning gOI.). The Trust is 2 member of IOL Employers Group, which 1$ 2 group OE organi5ation5 who are involved in providing "expericniiai Icarning" to young people seeking to influence oationai policy 2nd fimding relating to the sector. The Employers Group 1$ chaired by thc Ttust'$ Chief Ex¢cutivc and is compri5cd of Senior
Llndl•y Edueatlonal Trust Llmltad Flnanelal $tat•mènt$ for the year ended 31 March 2024 Report of the trustees staff from each member organis2ti0n. The Head of Centres is Vice Chair of AHOEC (Association of Heads of Outdoor Education Ccntrcs) EXC¢uti. this is a Ntional network with over 250 members. Lindley also partners from time to time with other charitable or8anis2tions involved in work with vulnerable young people. using memorandums of understanding to guidc thc prncr working. ObJ•ctlv•s and Actlvltl•• The IAndley Educational Trust Limited 15 A charitxblc oiganisatson driven by its Christian vaiuc5. The Trust's mission is to release and empower people to develop their individual strengths, create Positivc relationships and construct cffective work 5y5tems and culture5, which add to the weubcing of 50ciery. The I"rust $pecialises in the development of chiidren and young people by assisting them to reach their full pottntial whiic at school, in the transition from school to work and in the early years of rhcir working life. The Trust p12ces a strong emph2sis on experientiAI Learning using outdoor ticuvities and youth work. as well as othcr mcthods and Icarning mc(h'um$. One of the key charitable focus areas ol the Trust is to identify and develop interventions that benefit the most vuincrablc young people. Thi5 rc$ults in.. Providing long temi support to group5 working with vutnerable children and young people. Including youth groups and youth indusion t¢4m$. Providing rcsidcnuat oPpOnIc5 for famitics thac include vulnezable children and young people to ¢nKage in outdoor acuvities together. strengthening r¢lation$hips ond building ¢ommitmeni to fuwre dcvelopmentai #ctiviry. Building the capability within disadvantaged communities to provide inspiring and engwng youth int¢rYention$ through the devdopment of young lead¢r$ leiding to inspiring role models for future gencrAuons. Establishing partnerships with corporate clients that incorporate An element of $o¢ial re$pon$ibiiiry into their early careers and management development programme5 that sees them helping and engaging with disadvanrAged young people. The Trust works to *¢tiv¢ly in¢ludc ¢hddr¢n and young pcople with disabilities, those from dis2dvantaged/deprived backgrounds and Erom ethnic minorities. R¢¢ogni$ing the iimitauon of provision of direct service$ to children and young p¢opl¢. the Trust atso uses its re50urce5 and expcrtise ro Support thc dcvclopmcnr of those practiuoncts who themselve5 work with young people. extending its reach 2nd disseminating good practice. Achl•v•m•nt• •nd P•rfornian¢• Strengthening ofyouth & Communlty proY181on The Trust's work with the communities of Ashton-u-I.yne. Greater Manchester and Pit$moor, Shcfficld conunucs ro grow and develop and now includes the young women of the Somali community in SW Ccnrrai Shcfficld. The work is artracting sigmifict levds of ltscat ond nationat support. 25 well as interest from outdoor sccior organisation5. who recogni5e thc scope to make 2 difference with young pcoplc from 50cio-cconomically ch&Ucngcd and cthnicAUy diverse back grounds. During the year the young people engang with the Trust's teams have experienced a range of inspiring and 5trctching activitic5. Notabl¢ acuviry and dcvclopmcnt included: A group of young people From Ashton visiting Morocco 2nd succc55fully summiting Mount Toubkal. Group5 of young people from both Ashton and Pitsmoor joining together for the first ume to complete 2 ter Skills. programme which involved training. fimd_r2ising. prcparing ft)r and participating in a residenti week in the C#irngomis in wintcr. The Trust continucd to dclivcr UK
Llndley Educatlonal Trust Llmited Flnancial $t3tement$ tor the year ended 31 March 2024 Report of the trustees Government funded activitie$ knduding 'Hcalthy Activiry & Food. and 'Adventures Away From Home.. designed to reach and benefit disadvantaged children and young people. Reeognising the growing importancc of Youth and Communiry work in Great LMan¢h¢strr 2nd Shcfficld, thc TNst crcaced a new role on its executive. Head of Youth and Community, appointing an inspirational femate role modcl from Ashton into the post. The work in both Greater Amanchester and Sheffield ¢ontinues to providc opportunitic5 to develop young leaders who are committed tt> thcir ¢ommuniucs and arc seeking to ensure that ¢hddren and youn8 pcoplc in that commutiiry have the same outdoor 2ctivkty based deYelopm¢nt oppominitics that they have had. Thc young leaders programme is an importAni dement of the TN5t'5 Youth & Community work, supported by l.ottery Community Fund. It provides an exciting range of opportunities for young pcople to develop through a rangc of cxpcriences including voluntccring. activiry days developing group manaKcmcnt and technical skklls and 2 week.long leadership Coursc. Thi5 ha5 lcd to further voluntecring and progression to casuai employment as youth workers 2nd a paid intcrnshiptr as well as progression into mentoring of others on thc Wintcr Skills progr2mmc. The programme has led to onc young women being recogniscd with the Rotary Young Citsz¢n5 Award. The Trust continues to seek partners to better reach and benefit children and young people and has t¢%ned up with organisation in Tamesidc to work with Grcatcr Manchester Violence Reduction Unit. This important work will continue through 2024. The team also continues to work closcly with The Foundry climbing wall in Shcfficld to increase diversity amongst the children and young people engaging with climbing. Inve8tlng pogt COVID This ycar Saw thc Trust in a position to invest in it$ physical *$sets after the restrictions imposed by the impact of covtD on fin2ncc$. A key investment wa5 driven by the Hollowford sitc moving away from its reliance on oil 2nd s. This required a better electri¢ supply and h$ seen significant works to instsll new stspply c•bl¢$ ¢n4bling installation of more clcctric boilcrs. Provtding an in5piiin8 and reA35uring environment for chitdren 2nd young pcoplc to develop in is 2t the hcart of the Tru5d5 ethos at Hollowford, To ¢nablc this there has been range of refurbishment and rcplaccmcnt work, including High Ropes & Zip Wire. In addition. the Trust has committed ro the developmcnt of the West et)d OE thc main Hollowford building with a planning application being submitted and initi41 phisc works planned for 2024/25. Continued innovation with early careet8 The demand for the Trust seryiccs 4mongst employer5 of young people continucs to grow. The Hollowford b2$ed experienced team are an attractive proposition for cmploycT5 looking to work with an organi$ation that can faciiitarc real change in their early cter employees, IA)cal and nation2] employers of apprenticcs and graduatcs recogn15e the accessibility of thc lindlcy'5 Houowford Ccntrc and uulise that to bring together their employees io buttd valuable strong networks through comrnon outdoor expcrienccs. Combining innovative outdoor exercise design with 5kilfui facilitation of reflection builds selE_ belief and self.aw2reness 2s well as dev¢lopm¢nt of key sk$ that sees those employers get a fastcr TCNM on their inY¢stmcnt in thcir future workforce. Evolving governance Following on from IA5t year's review of govern2nce, the Trustee b02rd 15 working to the recommend2tion5 madc. Thi5 ycar Saw thc board meet fornially in Ashton for thc first timc, including meeting with reptcscnt2tiv¢s of the communiry for all ro bctrcr undcrsrand the role of the Trust 2nd its work.
Llndley Edu¢atlonal Trust Llmlted Flnanclal $tat¢ment$ for the year ended 31 March 2024 Report of the trustees The ncw Youth & Community Board was formed as a sub.committee of main trustee board For thc first timc in 2023 and is providing new insights into the potential of children and young pcoplc in govcrnancc as well as a clear voice for the clllldrcn and young p¢ople of the communitie5 the Trust setves. It is also liming to providc a vchicle for young people to d¢vdop thcir vernAnCe 5kill5 to incrcasc their influence beyond the Trust's activities. Sector & Workforce d¢v¢lopment The Trust remains committed 10 promoting gnd devctoping good practicc amongst others who work with ¢hiidren and young peoplc. The Trust's team have continued to run workshops and spcak at confcrences on tOPiCs ranging from ethnic diversity issucs to axc throwing a5 an experientia] Icarning activity. The12St year has scen Hollowford team host the annual MIAS conferen¢c and rc-13unch its annu81 outdoor learning CPD event dcsigned to enable expcrienced experiential and outdoor leaming practitioners. a8 well as providing a vcry wcu rcccived session for the AHOEC nUal ¢onf¢rencc. Thc Trust is also committed to developing effecuve and equitable use of the outdoor¥ acmss UK Socicty and members of the l.indley team continue to p14y rolcs in the leadcrship and governance of the wider outdoor $e¢ror at rcgional and national levels. Profile of Beneficiarlei Young pcoplc of school age Young people of post school ag¢ Community activiry & vcnue hire 15.416 delegate days (2023- 14,341) 5,471 delc8arc days (2023.. 7,356) 1.728 delegate days (2023.. 2,652) The TTU$t is committed to worklng with young people from vulnerable and disadv3nta8ed b¢kgTounds. During the last year our work in this area accounts for 260/0 of thc icuvity thc Trust delivered. Rosorv•• Pollcy The Trust'y execuuve calculates the working reserves r¢quir¢d to ¢over b18e costs for a 4 month period over which ume no income 18 received. The ¢xe¢utivc reports against this target to the Trustee Board. This appro2¢h is r¢vicwcd on a pcriodic basis of no longer than every 3 years. During the year. thc working rcscrYc5 was above the target level for I I months. The currcnt working rc5crvc$ at 31 st March 2024 was siighdy lower than the tsrgct Icvcl, representing 3.25 month5 of b2se costs. The BtArd continuc to PriOriU5e rebuitding working reserves over significant capital Snd. Flnanclal rlk manag•m•nt obJ•ctlv•s and pollcl•• Thc charitsblc company uscs financigj instruments, other than derivatives, comprising ¢ash and othcr liquid resource5 and variuu5 other items such 2S trade debtors and rrcditors that ari5c direcdy Erorn its operations. The main purpose of thc5e financia] instruments is to raise finance for th¢ ¢haritablc company'5 opcration5. The main risks arising from thc chyitablc comp8ny'5 fthancial instruments are interest rate risk 2nd liquidity risk. The trustees review and agree policies for man48ing each of thcsc risk$ and they are surnmarised below. Iiquidity risk The charitable company seeks to manage fin2n¢ial risk by cnsuTing sufficicnt iiquidiry is available to mttt foreseeable nccd5 and to invc5t cash asset5 and appropriately. Plans for 2024125 Capital investment and development Following a successful planning application for further devctopment of th¢ HOlloOrd sitc, the Trust is committed to further ¢apitaL fundrai$ing this ycar. The devclopment of the West end of the Hollowford site will cnable the Trust to work with more chlldren and young people utiiising both bcdroom and c3mping b85ed accommodation. The work will 21$0 suppotr a greener and moTe cfficicni running of thc Hollowford Centre.
Llndley Edu¢atlonal Trust Llmlted Flnanclal statements lor the year •nd•d 31 March 2024 Report of the trustees Youth & Communlty provi8ion As the Trusrfs Youth & Communiry provision in Greater Manchester And Sheffield grows. the executive p12n to cxpand revenL&e fundrxising capabilities in 2024. The expansion of the Trust's fundraising capabilitie5 will s0 enable the Trusr to support more children and young pcoplc'5 groups to access the benefits of high-quality outdoor learning. leading to r4iscd aspirguon$ and 5elf-beef. healthier lifesryle$ 2nd improved lifc prospcct5. The Trust will continue to work with some of the more difficult ro rcach children and young people in Grcater Manchcstcr and Shcfficld, recognising that some ¢ommuniti¢s required longer term investment in their young people ta effect sustainable Positivc changc. Thc Trust 31$0 rccognise5 rhat to reach and benefit children and young pcople in some of the m<)re disadvantaged areas in Greater ANl#nch¢$ter and Shcfficld cfFccuvc partnerships are required with a rg¢ of organisauons. Exisung partncrships wiu be maintained and developed in both citie$. Thesc partncr5hip5 will include working dosely with outdoor equipment manufacturers such as OSC. Continulng to develi)p teach The Trust will seek opportunities to lcvcragc significant expeni5e in combining otstdoor l¢#ming and youthwork. This ill includc working wirh UKYouth and the NYA to en2bl¢ dcvclopmcnt OF the youth work workforce across thc UK. The Trust will also continue to Support thc devclopment and sharing of good pNcti¢C #mong5t outdoor learning and cxpcricntiat learning practitioners resulting in more children and young pcoplc benefitting from more impactfut practi¢¢3. The Trnst's work with employcrs TcmAin a growth prioriry. There will ¢ontinu¢ to bc a focu5 on providing innovauve residentiat outdoor leaming programme$ for early careers. The TTUSt will also continue to scek oppominitiel for the same employer dients to engagc with And 5UPPOrt the TNst's wider Youth & Community Service5. Celebrating 60 year8 A5 thc Trust wa5 founded 1965. next year will mark 60 ycars of providing enKAging and inspiring developmcntgj experiences For children 2nd young pcoplc. Thcie will be an appropriate marking of thi's milcstone and a cdebration of diffcrcncc thc work of the Trust has made to individu41s. communiucs and UK Sociery. Tru•tMs The trustees who seNed during the year and the present membership of th¢ board IS 5Ct our bclow. All tt115tees served throughout the ye4r, exccpt whcrc indicated. Mr D W Butterfield rRAHaU Mr D Henderson L rs K Jones P Djones Mrs L Mitchell ,Mr J Pricc Mr J M Rcynolds Mr T Soar Mr T Curtis (rc5i8ncd l Oih June 2023) (resigned 5th July 2024) (appointcd 8th December 2023) Chair (appointed 5th July 2024) For the purposes of charities legislAtion 3ll direcror5 are a150 ttijstees of the charitable Company. NL 'onc of the director5 had a material intcrcst in any contract which was significant to the charitable company's bu5incs5. The rrustees confinn that they hav¢ r¢fettcd to and comptied with the guidance set out by thc Charity Commission on public bcncfit.
Lindley Educational Tryst Llmlted Financlal statements for th• year •nded 31 March 2024 Report of the trustees Trusto•3' Responslbllltles Statomont The ttijstees (who are also directors of lin(llcy EducauonaI Trust limited for thc Puo$C$ of company law) are responsible for preparing the Report of the tru$tr¢s 2nd thc financial statements in accordanc¢ with applicable law #nd United Kingdom Accounting st2ndards (Unired Kingdom Generauy Accepted Accounting Practice). Company law rcquirc$ thc ttUStee5 to prepare financial statement$ for cach financial year. Under compony law the tru$te¢s mu$¢ not 3PPTOVC the financi Statements unless they are $2tisficd that they give 2 true and fair vicw of the state of affairs of the charitable company and of thc Incoming rcsources and application of resour¢e$, including the income and expcnditurc, of the charitable company for that period. In preparing these fManc1 statements, the tNstCe5 are required to: selcct suitable accounting policies and then apply them consistendy: ob$crvc thc methods and principles in thc Chariues SORP- makc judgernents and accounting estim4tcs that arc rca50nable and pNdent; state whether applicble UK Accounting StandArds have been followed, subject to any mattrial departures disc105ed and explained in th¢ fjnanciai 5tatcmcnt5: prepare the fancial stacements on the going concern basi$ unLe$s it is inappropriate to presume that thc charitable company uryll conunue in business. Th¢ trustCCS ATC responsible for keeping adequate accounting rc¢ords that disclose with reasonable accuracy at any time the financi21 position of the chariroblc company and enable them to ensure th4t thc financial statements comply with the Compxni¢s Act 2006. Thcy a150 responsible for s2fegudg the 3S$Cts of the charitable company and hence for taking reasonable steps for thc prcvcnuon and detection of Fraud and Other irr¢gulariue5. Th¢ trustces conf]rni that: so far as ¢ach trustcc is aware, there is no rdewdnt audit infom#tion of which the charitable compAny' auditor 15 unAware' the trnstees have taken Ill thc $t¢ps that they ought to have taken as trustccs in order to make themselves awar¢ of any relevant audit inforniation and to establish that thc charitable company's auditor is aware of that information. The trustees are respon$iblc For thc maintenance and integrity of the corpor4tc and financial inforniation in¢ludcd on thc charitable company'5 website. I.egis12ti0n in thc Unitcd Kingdom goveming the preparation and dissemination of financial statements may differ from Ic8islauon in other jurisdictions. Audltor The company'5 rtides requirc annuat reappointment of the aLtditors. Hawson$ have expressed willingness to coniinuc in office. A resolution to reappoint H2w50ns a5 auditors will be proposed at the Ann G¢ncr*i Mceung. ON BEHAI.F OF THE 1RUSTEES rice Mr J M Rcynolds Ttustee 5th July 2024 5th July 2024
Independent auditor's report to the trustees of Lindley Educational Trust Limited Oplnlon Wc havc auditcd the financi31 statcmcnt5 of lindlcy Educational Trust lAmsted (the 'charit2bl¢ Company) for the year ended 31 March 2024 which comprise the Statement of Financial A¢tivitics lincoTporating the income and expenditurc account), thc Balance Shcct, thc Sutcmcnt of Cash Flows and notes to the financial $t¢mentS, induding significant accounting policies. The fan¢al reporting fr3mcwork that has bcen applied in their preparation is applicablc law and United Kingdom Accounting Standards. including Financial Rcporting Stsndard 102 The Financi21 Reporting Standard aPp(ab]e in the UK and Rcpublic of Ireland (United Kingdom Generally Accepted Accounting Practiccl. In our opinion the financial statements.. giyc a truc and fatr view of the state oEthe charitable company's 2ff2ir$ as at 31 March 2024, and of its incoming resources and application of resources. induding its incomc and cxpenditurc. Eor the year then ¢nded- hive bc¢n propcrly prepared in accordance with United Kingdom Generolly Acccprcd Accounting Practice. have been prepared in ac¢ord20ce with the requirements of thc Cornp2nie5 Act 2006. B•sl• for oplnlon We conducted our audit in accord4nce with Internationat Standard5 on Auditing (UK) OSAS IUIQ) and appli¢*ble hw. Our rcspon5ibiiiucs under those standard5 are further described in the Auditor's rcsponsibilitie5 for the audit of the financi statements section of our report. We Ire independcnt OF th¢ charitable company in accordance with thc cthical requirement$ that arc Tclcvanr to our audit of the financili statements in the UK. including thc FRC'S Ethical Stand2rd. and w¢ have fillred OLLr othcr cthical rc$ponsibiliucs in accordance with these requirement$. We beiievc that the audit evidencc we have obraincd is sufficient and appropriatt to provide i basis for our opinion. Conclu•lon• r•latlng to golng conc•rn In audiung the fujanciat statements. w¢ have Concluded that the trustecs, use of the going concern basis of coUntIng in the preparation of the fancIal5¢atCrnCntS is appropriate. Based on the work wc havc pcrformcd, we have not identified any materia] uncertainti¢$ rc2ating to cvcnts or conditions that. individually or collectively. may cast significant doubt on thc charitable company's abiiity to continue as a 8ou)g concern for i period of at le#$t twdvc months from when the financial statements are authorised for i$suc. Our responsibilitics and the responsibilitie5 of the trustees with reS¢t ro going ¢on¢em Are described in the relevant sections of this report. oth•r Inforn7atlon The other information compriscs thc informauon included in the tDJsttes' annual reporL othcr than the financiat 5taremcnts and our auditor's report th¢reon. Thc trustrcs atc rcspon5iblc for the other informauon contain¢d within the annu21 report. Our opinion on thc fmancigj statements does not cover the other information and, cxccpr ro the cxcent otheNise expjicidy stated in our r¢porL we do not cxprc$s any fom of assurance condusion ther¢on. Our re5ponsibi12ty is to re2d thc other infr)m)auott and, in doing 50, consider whether the other information is marerially inconsistent with the fman¢isi statcmcnts or our knowledgc obtained in the course of the audit or othcrwisc appcar$ to bc matcriauy mi55tated. If we identify such matetial tn¢on515t¢ncic$ or apparcnt matuial misstatements. we are r¢quired to determine whether this givcs risc to a matcrial mis5tarement in the fmanciai stxtements themsclvcs. If. bascd on thc work we havc pcrfornied. we conclude that there is a matcrial rni55tatcmcnt of thi5 other information. we are requid to report that facL We have nothing to report in this regard.
Independent auditor's report to the trustees of Lindley Educational Trust Limited Oplnlon• on oth•r matt•rJ pr•scrlb•d by tho Companl•s Act 2006 In our opinion, based on the work undertaken in the course of thc audic the infomiation given in the trustees, report Cmcory>orating the straregic report and the directors. rcport) for the fin2nciai ycar for which thc financial statements are prepared is consistent with thc fancial 5tatemcnts' 2nd th¢ strategi¢ r¢port and the dircctor5' report have been prepared in a¢cordan¢e with applicable legal requirements. M•tt•r• on whlch w• ar• r•qulr•d to r•port by •xe•ptlon In the Iight of rhe knowledge and understanding of thc chtritablc company and its environment obtaincd in the course of the Audit, we have not identified materi21 misstatemcnt$ in thc trustCC5' rcport. We have nothing tt) rcpon in respcct of the Eollowing matters in relation ¢0 which thc CompAnics Act 2(6 requires us to repoxt to you if. in our opinion.. thc informauon given in the trustees, r¢port 1$ inconsistent in any materiat respect with the fuianc1 statements. or sufficieni accounting records have not been kept; or the fin4n¢ig1 $t•tcmcnts are nor in agreement with the i¢counting records: or we have not received all the infom)auon and explanauons we require for our audit. R••ponslbllltl•s ol tru•t••s As explained more fully in the trustecs. responsibilities 5tatemcnt (set out on pag¢ 6). thc tru$tCC5 (who are also the directors of the ¢harit4bl¢ company for the purpose5 of company law) are responsibl¢ for thc preparation of the finelat stotemcnts and for being satisfied that they give a true and fair view, and for such internal control as the trustces dctermine is necessary to enable the prcp•ration of fmancial stAtements that are free from Materi missfatemen4 whether due to fraud or error. In preparing the fanCIat statements. the trustcc$ uc responsible for assessing the charitable Company's abiliry to continue as a going conccm, disdosingtr as applicable. matters related to going concern and using the going conccrn basi5 of accouniing unless thc trustees eithcr intend to liquidate the charitable company or to ¢Ca8c operations, or have no realistic tcrnativc but to do so. Audltorfs r•spon•lbllltl•s for th• audlt of th• flnanclal •tat•m•nts We have been ppointcd auditor under the Companies Act 2006 and report in accordance with this ACL Our objectives are to obt/in rcAsonble Assurance about whether the financkal statcmcnts as a whole are free from material misstatcmcnt, whether due to fraud or error. and to issuc an auditor's report that includ¢$ our opinion. Reasonable assurance is 2 high Icvcl of assurance. but is not a guarantee that an audit conductcd in accordance with ISAS (UK) will 8lways detect a materi21 misstAtcmcnt wh¢n it CX15ts. Misstatements can arise from fraud or error and are considered matcriai IE, individually or in the aggregatt. they could rcasonably be expected to influence th¢ economic dcci5ions of users taken on the basi5 of these financial statements. The extent to which ¢)ur ProCcdLcS Are capable of detecting itt¢gu12fitic$. including fraud is detailed btlow: The charitable company is subject to14ws and rcgu]auon5 that dkrecdy and indirectly affcct thc fthancial statements. Based on our understanding of the charitable company 2nd thc environment it operates within, wc dcicrmincd that the law5 and regulations which wcrc m05t 5igrllficant included FRS 102. Companic5 Act 2006, Health *nd SaEety re[tiOnS 2nd thc Chqrirics Act 2011. We considered the ¢xt¢nt to which non-compliance with these laws xnd gUlatiOnS might have a materi21 effect on thc fmanciai statcments, inclLtding how fraud might occur. Wc cvaluated management's lnccfttives 2nd oppominities for Frauddent manipuhuo¥J of thc Financial statements Cmduding th¢ risk of ovcrride of controls). and determincd thar the princip8J risk5 were re12ted to the posting of inappiopriatc joumal entries to improv¢ thc company's result for the period, and managunenr bias in key accounting estimates.
Independent auditor's report to the trustees of Lindley Educational Trust Limited Audir procedures perforned by the engagcmcnt team included: Di5CUS5ions with management 2nd thosc responsiblc For legal compliance procedures within thc chaTitablc company to obtain an undcrstanding of the legal and relatOry framework appiicbk to thc charitable company and how the charitable company comphes with that framcwork, including consideration of known or suspccted instances of non- compliancc with laws and regulations and fraud; Rcvicwing minutes of Trustee meetings. Identifying and 2$$¢s$ing thc des cffecuveness of controls that man28ement has in p]ace 10 prevent and detect fraud and non-compliance with laws and regu14tions' Chollenging assumptions and judgements made by m2nogement in thcir significant accounting e$timate$, Idcnufying and testing journal entries. in particular any journal enrries posted with unusual account combination5 or Posted by senior managemcnL There are Ènllerent limitallons in the audit procedures d¢s¢ribed above and thc more removed non-complsance with laws and regulations is from the cvcnts and rransaction5 reflected in the financial sratem¢nts, the Ic55 kelY we are to be¢ome w&rc of it. Also, the risk of not detecting a materiat misstatcmcnt duc to fraud is higher than thc risk of not detecting one resulting from error. as fraud may involve deliberate con¢¢41ment byp for cxample. forgery or intcntional rnisrepresentAtions. or through collusion. A further description of our responsibilities is alnilable on the Financiat Reporting Council's website at: www.Erc.org.uk/auditors/audit-2SSUt2ncc/Audiror-5-rcsponsibilities-for-the-audit-of.th¢-fi/dc$cription-of-the-auditt)r's- re$pon$ibilitics-for. This descriptson fomis part of our auditor's report. Us• of our r•port This report 15 made solely to the ¢haTitable eompAny'5 members. as a body, in Accord4nce with Chaprer 3 of Part 16 of the Companics Act 2006. Our xudit work has been undertakcn so that We Tnight state to the charitable company'5 mcmbcr5 those matters we are r4uired to statc to them in an auditor's report and for no othcr Purpose. To the Eullest extent pern)ittcd by law. wc do not accept or assume responsibility to anyone other than the charitabl¢ company and the charitable company's members 2s a btxly. for our audit work, for thi5 report. or fur the opinions wc have formed. Simon Bladcn, Scnior StaNtory Auditor For and on bchaif of Hawson5 Chartered Ac¢ountAnt$. Statutory Auditor Pe82sus House 463 Glossop Road Sheffield SIO 2QD Date.. llak..Tr>Z.....
Llndlay Educational Tru$t LIMlted Flnancial statements for Ihe year ended 31 March 2024 Statement of financial activities (incorporating the income and expenditure account) Unrestricted funds Restricted funds Tot41 2024 Total 2023 Note Income from: Donauons and Icgacies Governmcni grants Charitablc acriviticy Courscs and trainll Investments Total income 102 140,529 90,765 140.631 90,765 227,855 63.393 1.338.077 6.508 1.344,687 1,338,077 6,508 1,575,981 1.450.798 1,386 1.743.432 231,294 EJKpenditure on: Raising funds Charitable activitie5 Total expenditur¢ 32.387 1283.856 1.316.243 32,387 1,567.985 1,600,372 18.587 1.560.103 1,584.690 284,129 284.129 Net Income/(expenilliure) 28.444 (52,835) (24,391> 158.742 Net movement in fund8 before ttiin8fer8 28.444 (52.835) (24,391) 158.742 TrAn8fer benveen fund• 5.506 (5.506) Net movemeni in fund$ 33.950 1.312.937 (58.341) 224,217 (24,391) 1,537,154 158.742 1.378.412 Fund balances brought forward at l April 2023 15 Fund balAnc¢8 carried foTw•rd at 31 March 2024 15 1.346,887 165,876 1,512,763 1.537.154 AU of the above relate to continuing activiucs. Thc accompanying accounting policies and notes (p2ges 13 to 22) forn] In integr21 part of these financial statements.
Llndley Educational Trust Llmlted Flnanclal Statements lor the year endod 31 March 2024 11 Balance sheet Note 20 2023 Fixed a88et• Tangible assets 1,324,483 1.302,281 Cuttent 188et8 Stocks Debtors Cash at bank and in hand io 1983 198,523 452,788 654,294 2.742 153.943 606.585 763.270 Creditors: •mount8 falling due wlthin one year 12 (409,614) P89.119) Net cuttent 488et• 4.680 374,151 To¢AI as#etb le8B current liabllitie# 1,569.163 1,676,432 Creditorn: AmountB f11% due 4ftet more than one year Ix)ng terni loan Provisions for liabiiitic5 12 13 (56,400) (130.994) (8.284) (139.278) ($6,400) Ne¢ •88et8 1,512,763 1.537.154 Income funds Unrc$tri¢tcd funds Restricted funds 14 15 1,346.887 165,876 1.512,763 lJ12,937 224,217 1.537,154 These accounts have been prepared in a¢¢ordance with th¢ provisions applicable to companies Subject to the small ¢ompanics' r¢gime. Thc fanCiAL statemcnt5 were approved and authorised for issue by the Board of Truste¢5 on 5th July 2024. Mr J M Reynolds Trusrec air Charity number,, Company number. 247662 00867065 Thc accompanying 2ccounung policics and note5 (pages 13 to 22) form an integrat part of these financial $tat¢m¢nt$.
Llndley Edu¢atlonal TN$t Llmlted Flnanclal statement$ for the year ended 31 March 2024 12 Statement of cash flows Note 2024 2023 CaBh flows from operating activiues Nct cash providcd by operating activities 16 84,570 318.161 C#8h flows from inve8t£ng activiti¢8 Pro¢¢ed$ from sale of tangible fjxcd assets Purchase of tangible red asscts Net ca8h used in itive8ting actlvide8 (144,780) (144,780) (79,614) (79.614) CAsh flow8 from fthancing a¢tivitle8 Rcccipt of loan Jnterest on loan Repayment of loan Nei cash used in financing OCtivitie8 13,080 (106,667) (93,587) 15.304 (105,197) (89.893) Ch4nge in 4nd ¢48h equlvalents In the reportlng perlod (153.797> 148,654 CA$h and ca8h equiv8Jent• It the beginnlng of the reportlng period 606,585 457.931 CA8h And cash equiv¢nt• #t the end of the reportlng period 452,788 606.585 Thc accompanying accounting poIicies xnd notcs (po8¢5 13 to 22) form an intewj part of thcse financial statemcnts.
Llndley Edu¢atlonal Tvu¥t Llmlted Flnan¢lal $tatem¢ntg for the yoar ended 31 March 2024 13 Notes to the financial statements Charltablo company Inforniatlon IAndley Education21 Trust Ited is a company limited by guarantcc (company number 00867065). The regi$tcred office is Hoiiowford Ccntrc. Casdcron, Hopc VaUcy• S33 8WB. Basls ol prnparatlon Thc fmanciai statements have been prepared in accordance with Accounting nd Reporting by Charities: Statement of Recommended Pr4ctice 3pplicablc to charitie5 PrePing their accounts in accordance with thc Financial Reporting Standard applicable in the UK 2nd R¢pubC of IrcIand (FRS 102) (issued October 2019). (Charities SORP (FRS 101). the Financia] Reporung Standard applicable in the UK and R¢public of Ircland IFRS 102) and the Companies Act 2006. ld]eY Educauonat Tnjst IAmited meets the definition of a PUbC Benefir Entiry under FRS 102. Asset$ and liabilities arc initially rccognised at historical cost or tranStiOn value. unless othenvise statcd in the relevant xccounting pO¢Y notes. The fmanciai statement3 are presented sn sterling (£). Golno conc•rn These financial statements have been prepared on a going conccrn basis taking nore of the guidance issucd by the Financial Rcporting Council on CFoing Concem Asse5smcnt$ in d¢t¢rminin8 that thi5 is an Approprixte basis of preparation of the fman¢iaL statcmcnt5. The Tru$t¢es hve reviewed forecasts to July 202S and expect that l.inill¢y Educational Trust has sufficient r¢sourc¢s ¢0 enable it to continue to adopt the going conc¢rn bA$is in prcparing the financial statements, Ineom• Income is the total amount receivable by the charitablc company for goods Supplied and services providcd sn the year, excluding VAT and tradc dA5count5. Deposit income 15 recognised when * visit takcs place or when the clwitable company is notificd of a canceuauon. Grant• Grants arc rccognised as income in the SOFA whcn ¢ond¢tion$ attached are within the charity's Control and it ij probable that they will be met. If it 1$ not probable, the incoming resources are dcf¢rrcd as A liAbiliry LEntii the conditions imposed can bc met.
Llndloy Educatlonal Trust Llmlted Flnanclal statements for the year •nd8d 31 March 2024 14 Notes to the financial statements Basls of prnparatlon (contlnuod) Expondltur• Expenditure. which is ¢harged on 2n accruals basis, is allocatcd betwccn: expenditure incutted direcdy to the fidfthncnt of thc charity'5 objectives (direct charitable); expenditure incurred dircctly in thc cffort to raisc contTibution5 (fundraising and publicity): and expenditure incurrcd in relxuon to govcrnance. Fund accountlng Restrictcd fw)ds are to be used for spccified purposes laid down by the donor. Expenditure for those purpose5 18 ¢harg¢d to the fund. together with 4 fair AUo¢#tion of overheads and 5UPPOrt costs. Unrestricted funds #re donations and other incoming rcsources received or generated for expenditure on the general objcctives of the charitable company. T•nglbl• flx•d a•Mt• •nd d•pr•cl•tlon Tnble fixcd asset5 are stared at cost. net of depreciation. Dcprcciation is catcutated to write down the cost less estimated residu21 v21ue of au tanwblc fixed a5scr5 held for charity L15e other than freeholdland by equ21 annual instaiments or thc Tcducing balance method over their expected uscful lives. The rates generally applicable are.. Frcehokl building5 FurniDJre and equipment - computcr8 - generat Motor vehicles 2•/0 - 200/0 $tr2ight line 250/0 straight tine 1 SQ/0 - 200/0 Straight tinc 25U/u straight iine125D/D reducing ba]an¢c Stocks Stocks are stated at thc lower of cost and net realisable vatue. L•a••d as••ts Paym¢nts madc undcr opcrating Ica5cs are charged to the income and expenditut¢ account on a straight line basis over the lexse term. R•tlr•mont bonoflts Defined Contribution Pension Scheme8 The pension costs charged in the year rcprcsent thc 3mouni of the contributions payable to the schemes in rcspcrt of the #¢counting pcriod. D•btor• Short tcrm debtors Are measured at transaction price. less any impirncnt. IA)ans receivable are measured initially at E*ir value. net of transaction costs, and are measured subsequendy at 2mortised ¢o$t using thc cffccuve interest method, less 2ny imp2irni¢nt.
Llndley Edu¢atlonal Trust Llmltod Flnan¢lal $tatement$ for the year ended 31 March 2024 15 Notes to the financial statements Basls of pr•paratlon {contlnuod) Crndltors Short tCTm trade creditors are measured at the transaction price. Othcr financial ]i#bilities. including b2nk102ns. arc measured initially at fair vaiuc, nct OE transaction cosc5. and are mesured subs4ucndy at amoniscd cost using the effettive interest method, Provlslons for Ilabllltl•• Provisions #r¢ rccogniscd whcn the charitable company has a present obl1tion aegat or constructivc) as A resutt of a past event. it is probable thot the charitablc company bc rcquired ro settle the obligation. and o reliable e$timarc can be rne of the amount of the obligauon. The amolknt recognistd as a provision is the best estimatc of thc consideration required to s¢ttk the present obiigAllon at the cnd of the reporting period. taking in to account the risk$ uncertainties surrounding the obIigation. slgnlflcant Judgem•nt• and ••tlmat•• Preparntion of thc financial stitemcnts requires man4ement to make signifi¢ant judgcments and estimates. The items in thc fanCIAl statements where these judgements and ¢stimate$ havc bccn rnadc include.. Provlslon• lljcse financiAI 5taternents indude provisions for VAT li4bilitie$ as at 31 March 2023 that have arisen 1$ a resdt of The Capital Goods Scheme. 2nd that are judgcd ro bc probable to mAterialise at a future date. Wh¢r¢ prccisc Facttl iutions of the liabiliry are not avAiiable, judgement has been used to estimatc the size and probxbility of the liability. Inv•*tm•nt In¢om• Inve5trnent income comprises income from.. 2024 2023 B4nk deposits 6,508 1,386
Llndley Educatlonal Trust Llmlted Flnanclal statements lor the year •ndod 31 March 2024 Notes to the financial statements Total •xpendlturn Activiti¢8 for Young people Post Ichool Agt Communlry Governance Young people of fjchool Mrk¢ting B818 of allocatlon fundrgi8lng 2024 Total 2023 Toral Co818 directly AllocAted io 8cdvlde• StAff cojis Fredance tonsu]iancy Aollowford nmning costs i Otor vehides and travel Other direct costs Audit 336,246 195.029 39.626 570,901 554.818 Direct 98,494 57.129 11,607 167,230 162.637 Direct 10,813 6271 1.273 18J57 22.801 Direct Dir¢¢t Dircct 22,903 129.055 13284 74.854 2,700 15.209 38,887 219,118 12,498 39.739 207.796 11498 Suppott eo•ts Lsribii8hmrni Staff ¢o$ts Profc55lon (ecs Officc costs Pubbc ]i2bihry insuiince Dcpreciguon Gcneral c05tt Profit in Ja]e of f¢d asset Bxnk C.hargei Usagc 79.902 126.870 1.983 17,832 46.344 73.587 1,150 10.343 9,416 14.951 234 2.101 135,662 247,795 3,367 30,276 117,302 269,520 4.970 27.697 32.387 Usage Us Usagc Us UsAge 7.064 67.974 9,303 4.098 39.427 5,395 833 8,011 1.096 11,995 115,412 15,794 11,455 129.986 12.865 Transaction Transaction 7.704 4.468 908 U,080 15J04 Toi8] relources expended 32.387 916.143 531.379 107.965 12.498 1.600,372 1,584,690 Total expenditure includes.. 2024 2023 Audj'tot's remuneration Depreciation: Tangiblc fixed a$5ets. owned Othcr oper*ung leasc rcnta15 12,498 7,800 122,578 22,433 129,986 21,187
Llndley Educatlonal Trust Llmlted Flnanclal statements for the year ended 31 March 2024 17 Notes to the financial statements Employ•os StafF¢osts during thc yc4r were as follows.. 2024 2023 Wages and 5JJaries Social sccuriry costs Other pension cost$ 731,571 48,506 38,318 818.J95 727.726 55.728 40.883 824.337 The average number of employees during the year was 21 permonent employees (2023.. 23) and 28 part time employed on a casual basis (2023.. 25), all of whom wcrc engaged in the trgining and personal development of young people 2nd others. No employecs earned more than £60,000. 8•nlor manag•m•nt r•mun•ratlon Thc kcy manag¢m¢ni p¢rsonncl of thc company comprise the senior m#nagcment rcam, as t out on the compAny information page. The total employee benefits of the key management personnd of the company were £255,737 (2023: £220,548). Dlr•ctors None of thc dircctors rc¢cived rcmuncration in the year (2023.. £nd). Trust•0 r•mun•ratlon and r•latod party transactlon• No trnstee or person with a family or busines$ connection with a trustee. received rcmlmcrntion in the year, directly or iftdirectty from either the chariry or an institution or company controlled by the charitable company. No trustees were reimbursed for directly incurred expenditure on travel and oth¢r expenses during the Ye (2023: none). During the year Lindley Educational Trust Iimited paid £6.300 (2023.. £6,300) for an opcrating Icasc to GSA Hall Pension Scheme where one of the tsu5rees 15 also a trustee of landley Educational Trust [lted. Tindlcy Eductionat Trust limitcd paid £8278 (2023.. £nill for window upgrade5 to deStone Projects (lttds) Ltd where onc of the directors is 2150 a uijstee of ld[cY Educational Trust Limited.
Llndloy Educatlonal Trust Llmitad Flnanclal statements for the year andad 31 March 2024 Notes to the financial statements Tanglbl• Ilxod ass•ts Fteehold Furnlture land and and buildlng8 equipment Motor v¢hi¢le8 Total Cost At l ApTit 2023 Additions Disposals At 31 March 2024 2.705.440 44,863 578.689 46.692 108,797 3,392.926 53225 IM,780 2.750.303 625.38t 162,022 3,537,706 Depreciation At l Aprit 2023 Provided in the year Dcprccixtion on di5POSAt At 31 March 2024 1.476,987 81,503 519,192 21,626 94.466 2,090,645 19.449 122.578 1,558,490 540.818 113.915 2.213223 Net book amount at 31 March 20 1,191,813 84,563 48,107 1,324,483 Net book amount at 31 March 2023 1,228,453 59.497 14.331 1,302281 All tangible fed asset8 werc u8cd for ¢haTitable purposej. 10 stoek• 2024 2023 Goods for re.sale 2,98J 2,742 11 D•btor• 2024 2023 Tr2de debtors Prepayments and accrued income IJO,280 68,243 198,523 67.720 86.223 153,943
Llndloy Educatlonal Trust Llmltad Flnanclal 5tatemants for the year ond•d 31 March 2024 19 Notes to the financial statements 12 Cr•dltor4 Amount• falllng du• wlthln on• y•ar 2024 2023 Trade creditors Social sccuriry and other taxes Othcr crcditor5 and defcrrcd income Current portion of long-temi loan Pcnsion contsibutions Acrru4is 9,725 14,981 265,467 71,399 10,617 37,425 409,614 11.752 18,754 225.606 90.392 17.033 25.582 389.119 Deferred income is in relation to dcposits received for future bookings. A portion of thc long-term loan is $ecured by xed charge and floAting chargc over all property 2nd und¢rtaking$ of thc charitable company. Amount• f•lllng du• aft•r mor• than on• y•ar 2024 2023 l.ong terni loan Provision5 for tiAbilities 130.994 8.284 139278 56,4(KJ A portion of the long-terni102n 15 $ecuted by a fixed charge and floating charge over all properry and undertakings of the ChItable company. 13 Provlslons for Ilabllltl•• VAT provi8ion Balance at l Aprit 2023 Amount utiti5ed in the year Balance At 31 M2rch 2024 8,284 {8.2841 The fl VAT repaymcnts under a capital good$ $¢hem¢ h2$ been madc during the year. 14 Unr•strlet•d funds Total At 31 March 2022 Income Expcnditure TrAnsfer from re$trictcd funds At 31 Lmarch 2023 Incom¢ Expenditute TrAn5f¢r from resuicted fijnds 1.203.724 1.4i8,194 (1,394.354) 45,373 1,312,937 1,344.687 (1.316,243) 5.506 1,346.887 At 31 March 2024
Llndley Educatlonal Trust Llmlted Flnanclal statements for the year ended 31 March 2024 20 Notes to the financial statements 15 R•strlct•d funds A8hton Youth aub Pit8moor Youth Club Rank Foundation NationAI LA)tt¢ry 2023 Other Total B21an¢e at l April 2022 Income Expenditt¢ Transfer to unrestricicd Funds 42,823 24,000 (35.160) (5,081) 16,013 45.450 (30.753) 37.404 84.728 C13.203) 67.132 88,560 (51,220) 11.316 42,500 174.688 285238 (190,336) (45,373) (40,292) 13,524 At 31 mCh 2023 26,582 30,710 48,929 104,472 224,217 A8hton Youth Club Plt8moor Youth Club Rank Foundtion NationAI IA¥ttery 2024 Other Totol B2]ance at l April 2023 Incomc Expenditure Transfer to unrestrictcd funds 26,582 28,700 (44.475) 30,710 63,007 (56,799) 48,929 54.367 {66,311) 104,472 24,220 (57.911) 13.524 224.217 61,000 231294 (58.633) (284.129) (5.506) (5.506) 165,876 At 31 Mr¢h 2024 10,807 36,918 36.985 70,781 10,385 Rank Foundatlon These funds ar¢ lo help inspire and develop young people. The NAtlon41 Lottery Communlty Fund. RC North Welt Reglon Helping girls and young women 8ain ¢onfid¢n¢¢ and engaging Ihem in healihy and activc lifestyles. Incomc £38,055 (2023: £36.946). Expenditure £39,925 (2023.. £30,753), Balancc at 31 Mah £20.336 (2023: £22.206). Tbe N&donal Lottery Communlty Fund, Knoiv Your Nelghbourhood Fund Helping young people lo gain the 5ki11s and confidence to become Icaders and inspirational role models within thetr community. Income £16,240 (2023: £8,504), Expenditure £15,622 (2023.. £nil). Balance at 31 March £9,122 (2023: £8,504). The Natlonal Lottery Communlty Fund, Mllllon Houri Fund To help us r¢a¢h out to additional young people from disadvantaged and diverse backgrounds Income £8.712 (2023.. £nil), Expenditure £1,252 (2023: £nil), Balan¢e at 31 Mar¢h £7.460 (2023.. £nil). A8hton Youth Club These funds are for the youth ¢lub and all associated activities. including outreach within the community and the development of youn8 Icad¢rs. Pltsmoor Youth Club These funds ar¢ for th¢ youth club and all associated activitie5, including outreach within the community and the development of young leaders. Other These funds are for the Hollowford Centre, including the development of the site, its building5 and equipmenL
Llndley Educatlonal Trust Llmlted Financlal statements for the year •ndod 31 March 2024 21 Notes to the financial statements R•conclllatlon of changos In rosourcos to net cash Infiow from operatlng actlvltl•8 2024 2023 Net movement in fund8 Depreciauon of tangjble fjxed assets Oncrcasc) in stock5 ncrease)/ decrease in debtors Increase/(dccrea5e) in creditor$ excluding the long-temi loan (Dccrcasc) in provisions Profit on di5P05at of fLYed asset$ Net C8h provided by operating a¢tivltle8 (24,391) 122.578 (241) (44,580) 39.488 (8,284) 158,742 129.986 (892) 65,590 (26,981) (8284) 84,570 318.161 17 Capltal commltm•nts The company had capital ¢ommitment$ of £nil #t 31 Pknch 2024 (£3,000 at 31 March 2023). 18 Contlngent Ilabllltl•s There were no contingcnt Iiabilities At 31 March 2024 or 31 March 2023, 19 R•tlr•m•nt b•n•flt• Defined Contributlon Penglon Scheme Thc charitablc company operates a defmed contribution scheme for thc benefit of the employee5. The assets of the scheme Are administered by trustees in a fund independent from those OE the chariry. The contributions paid into the schcmc in the year are set out in note 6. 20 L•a•lng eommltm•nt• At 31 2r¢h 2024 the choritable company had minimurn lease payments under non-¢nccUable operAting lea$es as Eollows: Lond and buiIding8 2024 tAnd 2nd buildings 2023 Other 2024 Other 2023 Within one year Betw¢cn onc and five ycars Over five years 6,3 31,51N) 75,479 113,279 6,300 31,500 81.779 119,579 6,202 13,403 4,480 24.085 7.985 3.875 11,860
Llndley Educatlonal Twst Llmltod Flnanclal statament$ for the year ended 31 March 2024 22 Notes to the financial statements 21 Analysls of net ass•ts batw•on funds Re8tri¢ted Unre8ttiCted funds Fund8 Total Fund balances at 31 March 2024 Irc rcprcscnted by.. Tnble fixed assets Current asscts Current iiabiiiti¢$ IK)ng term liabilities Total net asscts 35.830 131,587 {1,541) 1288,653 522.707 (408,073) 56,400 1,346,887 1,32A,483 654,294 (409.614) 56.400 1,512.763 165,876 Re8trlcted fund8 Unte8ttl¢ted Fund8 Total Fund balances at 31 March 2023 we rePresend by: Tlngiblc rcd a55crs Current assets Currcnt lbIlItieS IA)ng temi ]i2biliti¢$ Total net asscts 1.302281 539.053 {389.119) 139.278 1.311937 1,302,281 763.270 (389,119) 139 278 1,537,154 224.217 224217 Borrowlng• 2024 2023 Amounts due within one year Amounts due bctwecn on¢ and five yeari Amounts due in over five yegrs Total Jiabllity 71,399 56,400 90,392 130,994 7,799 221.386