Lindley Educational Trust Limited Financial statements For the year ended 31 March 2025 Charity no 247662 Company no 00867065
Llndley Educatlonal Trusl Llmltod Flnanclal statom¢nts for tho year •ndod 31 March 2025 Company information LEGAL AND ADMINISTRATIVE DEfAILS ,{ Charitable Company Limired by Guarantee Company roglstratlon numb•r. 00867065 Charlty r•glstratlon numbor 247662 R•glst•r•d offlc•: Hol]owFord Centre Casderon F l()l)F. If.II.l.FY 33 8WB Trust•os and Dlr•ctors: Ir R ..1 E lall ,Ilr l) l) Jones Lr J Price Ir J ,%1 Reynolds Ir D l-l¢nd¢r$on Ir'L' Soar .Ilrs K Jon¢s Irs l. Nlirchell ,Ilr'l" Curu5 (resigned Sih July 20?4) (Chair) (*ppointed 5ih July 2024) S•nlor Manag•m•nt T•am: ,Ilr tsl R(>binson ,Ilr ,11 Williams ,Ilr l) BuokLr Irs B Egan 15 R Yx5een Bank•rs: BarLlays Bank plc. IArket PIAce I'own C.cntrc LEIC.E%'I'ER LE87 2BB Audltor. l-Iawsons Chartered Account2nt$ %tatutoo' .4udiror Pcgasu$ 14ousC 4631 Glossop Road %HEfFIELD %10 2QD
Llndley Educatlonal Trust Llmlted Flnanclal statèments for the year gnd•d 31 March 2025 Index to the financial statements R•port of th• tru8t••s Indop•nd•nt aydIto$ r•port Stat•m•nt ol Ilnanclal actlvltl•s Ilncorporatlng th• Incom• and •xp•ndltur• account io Balane• *h••t li Stat•m•nt of cash flows 12 Not•• to th• flnanelal •tat•m•nts
Llndl•y Educatlonal Trust Llmltod Flnan¢lal statements for the year •nd•d 31 March 2025 Report of the trustees The trustccs (who are also rhe directors of the charitabl¢ ¢ompany) present their report tog¢ther with Financial sNt¢menis for the year cnded 31 Xlarch 202). ft•r•nCO and Admlnlstratlv• Dotalls The present membership of the board is listed in thc Legal and .Idministratsve det*t]s. Structur•. Gov•rnanc• and Manag•m•nt Governing Document 'IlJ¢ orgaJiisArion is a Lliarirable compan}, limited b}, gm8ranice, incooorAred on 20 D¢cembcr 1965 and registered as a ch¥Lriry on 20 ,.Ipril 1966. J'hc compAn}' was established under a ,IILmor%ndum oF,Issociation which c5tabli%hed the ol)jecrs and pi)wers of the charirable company and is governed undet lis Articlc5 of Associauon. In the evcnt OE the company being wound up members ar¢ required to contribute an amouni not exceeding £1. Recruitment and Appoiottnent of Tw8tee8 'lThc ditcctor$ of the company are also rhe Lharity trust¢¢s. Tru51ees are appoinred t2ktng into account the Skills. knowledg¢ and diversity rcquircmcnts OF the board. Trustee Induction and Ttaining 'lThe Irusiees havL x wide VAricty' of $kill% and positive srL'ps #re bl'ing t2kLn to cxplorc and utilise rhese. Progpcctive trustees atc bricfcd b), tlic c.hair and Chief E.. xccutiv¢ And invitcd to o1)see meetings OF thc trustce board. l o ensure they Are fxmiliar with th¢ prncti¢a] work of the organisRuon ail trus¢e¢s arc encouraged to visit the Flollowford Ccntic and youih and communiry proNrysion to ob5¢rv¢ rhc young pcople's xcrivities 2nd programmcs that t%kc place throughout the year. ()PLn days arc also organised on An OCLAsional bxsi$, and rNsrees are encouraged to aricnd these. "L'hc Good I"rusree5 Guide" is also givcn to ncw trLk5teeg and rhey are encuuragcd to quesuon and t¢st all elements of the Trust's apprCh to govemance and sAfcguardin%. Ri8k Mao4gement 'lkne trustces continue tn monitor thc risk5 fAcin8 rhe business, both commcrcia] and operauonal. with a vicw to cnsuring rhar sy$rems are in pl¥Lce to mitigxrL risk on an gn-gi)ing l)asis. In view of the .1 rnst'5 work wirh young pe()plL. Its USL of outdoor training and the IoLation ol the Lentrc in ihc Pcak l)istricr Ni %tion&l Parl p%ticular arrcniinn is 8iVLn io moniror risks asso¢iatcd with hcairh, saEery And the enviri)nmcnt, and ti) ensure that the 1 rust scts and maintain5 srandards OF exLelli'nce in th¢s¢ area5. "fhc rrusree board has adopted # 8ovemance calendar thar ensures there is a scliedui¢d tevicw of thc kcy gxea5 of risk. Ofgani84tional Structure The Trusr's Eull board of trustees is complcmentcd by a finance sub.committee made up of 2 trnstee$, an indrpcndcni, Chicf F..xecurive and Business &I12n2gc¢ 4$ wcll as a l'outh & Communiry Board made up OE 2 trusrees. ? mcmb¢rs of thc cxccuuve Ind represenratives of th¢ communitics served by the Trust. Thc full board meets 4 rimes a year. Thc sub-commiiiccs meer as neLessa4 to inFurm full board meetings. 1.hc board monitors and sers rhe strategic direction and po]Ag' wirh rhe Chief Exe¢uUve. The agreed srrategy is delivered through an cxccuuvc with the ("hief F.xecutive working with a l.lead of Centres. ()pctations li lanagcr. Busines5 118nager and Flcad OF l ourh & Communiry Serric¢$. Widcr rncmbcrs of the Trust's staff tcam are invited to Trustce Board meetings to prowde additional insi8ht and Accounrabiltty. The Finsnce sub-cornmittce rcporrs ro rhe board providing initjal governance and making recommendariofts re]2ting to operationa] sustÉinibdit)'. annua] budgcting. finnU rcport ind account5. 1.he Youth & Community. Board 5ub- committcc reporrs ro rhe board providing both }'outh And communiryt voices. an initial govcrnaTrce futtction for the Trust's l'outh & Community provision and strate¢ recommcndatson5. Related Partie8 'rhe I'rust's Chief F.xecutive 15 3 tru5tcc ar The Peak District N.xtion21 Park Foundauon and The In5titutc for utdoor LLYrning U()L). The Trust is a mcmbcr of l()I. F.mplo)Ters Group. which is a group of organisations who re involved in prOlding "experiential learning" to )toung pcople seeking to intluence national policjr and funding
Llndley Educatlonal Trust Llmltod Flnanclal gtatements lor the year •ndgd 31 March 2025 Report of the trustees rclaring to rhe 5ecror. I'he Employcr5 Group is chaired by the Tnt'S Chief Lxecuuve and is eornpri5ed of senior staff from each member organis%tion. The Head of Centres is ITice Chair of .IH()EC. (.4550Ciation of Fleads OE ()utdoor Lducation Centres) Execuuve. rhts is a natioftal network with over 250 mcmbcrs. L&ndlei' 21so partners from tAme to time with othcr ¢harit#bl¢ organtsation5 involved in work with vulnerAble young people. usin8 memorandums of underst2nding to guide the partner working. ObJoctlv•• and Actlvltl•s The Lindle} FdLicational Trust limited 1% 8 charitable organis%rion drivcn by irs Christian valucs. 'rhe 'frusr'5 mission is tr) relLase and empowcr people ro develop their individua] strengths, ¢r¢ate pasitive relationship5 and construct effecrive work 51'srcm5 and cultures, which add to the wellbeing OF socicty. 'rhe 'l'rusr spcciAhscs in rhe developmenr of children and young peoplL l)y assi5tirtg thcm ro rcach their full pc)t¢ntixl whilc at s¢hool. in th¢ ttan5iuon from 5chor)I ro work And in the early years of their working life. The 'frust helps children And young people to g%in th¢ skills #nd confidLncc ro bc successful rhroughour lif¢. plft¢ing a Strong cmpha5is on cxpcriential learning using outdoor activiries and youth work. #s well &s other merhods and le*ming mediums. ()nc of rhc kcy chariral)Ic focus areas of the Trust is to identify And develop interventions that bcnefii children and young peoplL from the most disadvant#g¢d. vuln¢trable and chailcnyng backgrounds. This rtsults in.. ()ur activities being targeted and 8ees us working with orgAni$8tion$ that $upport children and young people from l)aLkgrounds that in¢lud¢.. I.CJB'I'+, rcfu8ces and Asylum seckcrs, erhnicAlly divers¢ baLk8rounds and disadvantaged communities. Building the cxpxbilit)I within disid dvantagcd communitjC5 to providL inspiring and engAging yuuth inrcrveniion5 rlirough rhe developmenr o( young ILadLrs leading to inspiring rolc modc15 Eor lurure generauons. Estal)li¥hing pArincr5hips wilh cotporarc cliL'nis thai incorporate An element of social r¢sponsil)iknry into their early Lareers And m2nxgem¢nt devLlupmL'nt programrncs rhat sees rhem helping and Lngaging with disadvantagLd young people. 1The 1'rust works to A¢tively in¢lud¢ ¢hildrcn and young people wifh th'sabiiities. those from di5advanragcd/dcpriircd bAck¥rounds and from ethnic msnorities. RL'Lohynisiii% rhe limitation of provision of direLt serviles to cl)ildten and young pcaple, rhe 1.rust also uses irs rcsourccs and cxpcrrise to support ihe development OE rhose prActition¢rs who thcm5cIvc5 work wirh youn people. extending it$ reach and disscmirtatin8 good practice. Achl•v•m•nt• and P•rforni•n¢• Achievement8 attd Performance The growing need for Youth & CommunAty provi8ion tAndley's work in Ashton-u-Lync, Grcater lanchesicr glnd %heFficld, continues ro develop drivcn by thc need5 of rhe communiues rhe'frust serves. The populations of 8ir15 and young women in rhese communiues have b¢en * particular locus durin8 thc ycar whiLh has seen the Trust secutc 4 )'ests of funding for rhat work in Ashron from The Nationa] Lx)ttery. During the year the young people of %heEfLeld have continued to enge with the Trust's work based out oEThe Foundry Climbing Centre. "rh55 work has lcd ro furihcr training and qua]ifications in climbing wall insrtucuon wirh emerging young leaders and rhe streftgrhening oETrust's partnersbip wirh Thc Foundry. The new skJls 2nd
Lindley Educatlonal Trust Llmlted Flnancial statements for the year ended 31 March 2025 Report of the trustees qUlf1¢tIOnS have ¢nabl¢d m expansion in thc scale of acuNiry. reaching more young people and the carly devclopment of climbing activity in the Peak District Narional Park. Vhilst the work of the Trnst in Grcatcr li lanchcstcr and %heEfield ha5 undoubtedly been impactful 2nd resulted in many children and young people raising th¢ir aspirations, there hs onlv bccn iimitcd formal meAsurement of that impact. During thc year rhc 'f5r engaged exrernal evaluarion services thanks to Funding from Ihe Ng4uonal LoriLry. This evaluation aLtiI'ii)' is FoLuscd on work wirh girls and young women in .4shron-u-Lyne in particular. The provision of developmLfttal $¢rvi¢es to This popul3tion ouisidc of school is almosr wholly dependent on ihe"I'nJst's team. 'fhis evaluauon work is schLduled tts take pla¢¢ uvcr 3 yeArs and will result in young women in ,.Ishion dcvcluping rhcir rc5carch And C]UaOn skills in addition to detailed insighrs into the Ttu$t's modcl for chaii8c and th¢ Innger-tcrm irnpact5 of thc range of work provided to this pi)pularion. Ih¢ Trust's liFc Skills programme known as 'lnrer skn'lls, continues to bc vcr), popular arnongsr the young people of Ix>th ..Ishton and l)irsmoor. 'I'his 9. month long pr()grnmmc rcquircs persistsn8 in Icaming ncw skills. assisung in ratsing fund5 and commitfing to week-long trip io the .%cottish wintcr mounr%Lills. 'fhe residenti%1 winter trip is followed by a fom121 prcs¢ntation to Ii)¢a] cornmuniry leadLrs, parents and peers to cclcljratc complcrion of what is a very memorable and rewarding journey for mosr. th•4• The Trust conunues to work wirh A range of pxrtrt¢rs to bctrer rcach and bcnefit children and young people and 1$ Iramed up 1th nrganisarion in 'l'amcsidc ro work wirh Greater ,Ilanch¢$t¢r l.'iolencc Reduction Unit. This impurtant wutk will Lonunuc Ihrough 20?5. Building re80Utce8 Ilrtd rech 'I'hL 'l'rust has rdisLd funds and invested in its f2ciiitics at.lkne I lollowford C.enrrc during rhe yLar. W'itli siJpp()rt from 8rant makn'ng chariuL's the I rust has expanded its Lapacit) tu work with marc Lhildrcn and young people with additional toilei and 5howcr faCl[1c5 xt rhc Wcstcm end of the Flollowford sit¢. In addttion, I'he I lollowford Cenrre's Born training faciiiry has ¥Llso received a ELirthcr upgrad¢ with Addiuon of folding bi-fold doors and tlat 5crccn enabling ir to support a wider variery OF beneficiaries. The TNSI remAins committed ro reaching bcyond ir5 own work with children and young peuple. In th¢ ycar this ha5 sccn continued close worlu'ng with Ukl"outh. including rhe m2king of video io tllu5rfAte the dclivery and impact of thcir DC.Nl% fundcd projcci '.IdvcDturcs ,4way Fri)m I lome.. In xddition to working with chiidrcn and )'oung pcoplc and }'ouih organisAuons, the TNsr saw an in¢rcasc in cofj)orate clicnf5 a$'n8 to urili¥c thc Trusr'5 resourccs io build telms and support thc"I"rusi'5 wider work at the sxme rimc. I'his resultcd in the Twst'5 traincrs hclping ro esrabiish learniftg groups Eor managcmcnr training programme5 as well as strengthening ieam$ at the start of new jargc-scalc projects. Working with Generation Z With l in 3 young peopl¢ $uEf¢ring from anxicry and menral he%lth difficulries, this is key con5idcration OF the TLust'5 work with earl), cAreers empln)Ters and our intcrvcniion5 continue ro evolve. Whilst the need Eor thc dcvclopmenr of s5 such communication, problem soliting and team working has rcmAincd a common Eeature OF the Trust's work since the 1960's, the last fcw ye3r5 h25 scen an incrca5c in the nced to consider mental health. The Trust's commitment ro providing a cornforrable, safe And supportivc rcsidcntial eni'ironment, as well as cirefijlly faciu'tating strctching and afEcciiv¢ expcrienccs in nature has provided valuable developmcnt of self-awareness and self-mAn%tgement capAbdiries amongst a wide range of young employecs.
Llndlèy Educatlonal Trust Llmlted Flnanclal statements for tho year gnded 31 March 2025 Report of the trustees Raising the value of Outdoor larning The Trust's staff hAve continued io influencc L K gocicty b¢yond tlic immcdiate children and young people beneficiary groups. In rhe pisr year this has seen work 10 est?l)li5h an ,411-1)arty l)ariiamenrw (Jroup for ()utdoor l£arning at Wcsrminstcr and presenung ro reprcsenrarives ol the.%cottish Parlixment as parr of rhc work ro e$t2blish n¢w I¢slation to fund all school childrcn participafing in an outdoor residenti experience. In addition, thc I lollowford C.enrre hosred rhL Insritute for l)utdoor L¢arning'5 - Strarcgic Ihinking event which brought togethcr senior delegarcs from many stAkeholdcr organisations across rhe ()utdoor Leaming 5ccror. Profile of Beneficiarie8 'oung people of school age 'oung pcoplc of pos1 School age Community CUvity & venuc hire 16.059 delegate d2}$ (?0?4.. 15.416) 5.984 delegate da)FS (?0?4.. 5,471) 2.(X16 dclegare da)rs {20?4.. 1.728) I'hc I'Nsr 15 committed to working wirh young people from vulnerable and disadvantaged backgrounds. During rhe last yeu our work in this area a¢¢ounis for 24.10 of rhe activity the Trust delivered. R•s•Th•s Pollcy The"fNsr's executive (Culate5 the workn'ng reserves required to covcr base c05t5 for a 4 monÉh period over which timc no inrDme is rcccived. 'lThc execurive repor15 adInSt this tArget r() the Trustcc Board. This approach is reviewcd on A periodic basis of no lon%er th%n evcr), 3 years. During thc ycar. the working rL'serves was ab(Jve thc tget l¢v¢l for 10 months. 'I'he currcnr workin8 rcservc5 ar 31st 11,Arch ?O?.S was slightl}, lowcr than thL rargci levc.I, represenring 3.8 months of base ¢o$ts. Th¢ Board will conunue to prioriusc rebuilding working r¢$erv¢5 ovcr significant capital 5pcnd. Flnanelal rl•k manag•m•nt obJ•¢tlv•s and pollcl•s The chariiAI)Ic company uses financial instNmL'ni$. other than dcrivatlVL'5, comprising cash And orher liquid regources xnd v2ri0US Othcr ircms such 25 trade dcbrors smd creditors th¥Lt ArisL dirL'¢tly from its opcrations. The mAin purpose of rhLse financial instruments is ro r2Ase financc for thc chariiablc compan!'$ opetatlons. 'I'hc mxin ri$ks vi$ing from Ihc chariral)Ic company's financial instrument8 are Iiiterest rate risk and hguith'ry risk. The (Stee9 reNryew and agree pohcies Eor manang ¢2¢h of th¢sc risks and they are summarised below. Liquidity riBk The charitAI)IL Lumpany seeks to manage f8¢141 risk by cn5urin8 5ufficienr liquidiry is available to m¢et foreseeablc necds and ro invL51 cash assets and apprvpriAtel)'. Plans for 2025126 Youth & Community provi8ion E'olloiving a srrate( refview in ?0?4. the Tnjst's Youtli & Community provlsion in Grearer &llanchesrer and %hefficld remain5 * prioriry."I"he I"rusr to support rhe development of this work as wcll a5 providing more childten and youn8 pcoplc's group5 tr) accc5S thc bcnef115 of high-qualiry outdoor leaming, Icading to raised aspirations and 5elf.behef, h¢althier lifesry,les 2nd improvcd liFc prosPCCts. lThc Trust will coniinue to ivork wirh some of rhe more diffiLult t() reach chiLdrcn and young people in Cyrexter lan¢hc5rcr and Shcffjeld, recognising rhar some communiues required longrr term invc5rmcnr in their young people to ¢ffect sustxinable PQSitive chaAgc. 'I'g support this invcsrmellr rhe Trusr will continue the det*iScd cvaiuauon of the work with young women and girls in Ashron. The Trust also recognises that ro rcach Ind bcncfit chsldrcn and young people in some of the morc di5advanraged areas in Grearer &llaftchester and %heffield effective partnershj'ps arc required with a range of ornIsatIonS. Exisung partnership5 wjll be tnaintaincd and d¢vclopcd in both cities. 11]ese partnership5 will in¢Sudc working closely with outdoor eguipmenr m2nuFacturers such 2s C).%C.
Llndley educatlonal Trust Llmlted Flnancial statements for the year ond•d 31 Mareh 2025 Report of the trustees Capital investhient and developjnent The'fN5t will conrinut. to invest in Ihe faci]iries of Ihe HollowEord Centr¢ with a Cornbinauon of grant based funding and 5clf-gcneraicd 5urplus¢s. whcre complianr with reserves policy. This work is focused on Ihe 'eST end of the site. initi211y expAnding dining room ¢Apacir)'. Re-shaping ihe executive ThL J'ru5t pldLllS to searili for a new Chicf Exccutive during 2025 as a result of rhe p12nn¢d retirement ol its current ChieF LxcLurive mid-way rhrough the year. The trustee board 15 planning for and is c()mmitied to additiunal l¢adership and governance activiry during this period of transiuon. Celebraixng 60 year$ .15 rhe TNsr wfis founded 196.5 and und¢rtook its ¢Arli¢st work in 1966, there w] bL' acriviry to mark 60 year$ of providing cn8agiiig And inspiring developmental experiences for Lhildren and }pDung people. ..IppmpriAre m*rking of this mil¢sic)n¢ and a c¢lel)tation of Ihc difF¢rcncc The work of rhe'L'rusr ha8 made to indiitiduals, ¢ommuniues and UK ociery will rake plg4ce throughout 20?5126. Trust••s "rh¢ trustees who $erv¢d during thc year and rhe present membership of ihe boArd is ser out bclow. .411 trusrees served throughout the y¢ar. exc¢pt where indicated. ,Ilr R A 14all ,Ifr D I Icndcrson Ilrs K Jones Nlr l) D Joncs L Irs L Ilirch¢ll ,Ilr J Price Ir J 11 RLynold$ Nlr I, %ofir Ir"L' Curti$ (resigfted 5th July 2024) Chair (appointed 5th July 2024) For the purpose5 of charitics IcgislAuon all direLtors are also tru$te¢$ of thc charital)le company. None of the directors had a material interest in any conrract which WAS significant to the charitablc company's business. I'hc tru5recs confirm that ihey have referred to and complied with the 8uidan¢¢ sct out by the Chariry, Commission on public bcncfit.
Llndley Educatlonal Trust Llmltod Flnancial statements for th• year ènded 31 March 202S Report of the trustees Trustees. R•sponslbllltles Stat?m•nt lThc tru5tces (who are also th"rcitots of Lindlc! Educational 'frust Lirnired For the putposes of compan} law) a responsil)le fi)r preparing rhe Report of the trustees and rhe financi41 siatcmcnr5 in accordancc with applicable law and United Kingd()m ,.Iccounring standards (Unircd Kingdom Generall )' .4ccepred ,.IcLounting l)raLtscc Company law requires rhe trusrees to prepAre fin2ncixl sratements for earh fiiiancial year. Under compAny law the trnsteL's must nur approve the financial sratemenrs unlL'ss they are satisficd thar thcy ve a Irue and f%ir view of the state of affairs of the tliarit%ble compan}, and of thc incoming resources and pplicauon of resources, in¢luding thc income and cxpLnditure. of the charirable compan), for that period. In preparing these financial starements. the tru$te¢s arc quired to.. select suirable xc¢ounting policies ind then apply thcm Consisfently: ob5crve rhe tncrhods and principlc5 in rhe Chariues S( )RP; makc judgcmenis and accounting esiimxtes that Are reasonAhle and prudent,, statc whcthcr appbcablc L'K .Iccountin8 %rand%rds have been followed, subjc¢t to #ny material departurc5 disLlosed 2nd explained in the finan¢i81 $tai¢mcnts; prcpttr¢ thc financial staremcnt5 on thc going concem basis unless it is inappropriate to presume that the charital)le company will cnnrinue in businLss. Th¢ trusteLS arc rL'spunsiblL. For keeping Adcquatc aL¢ounuJi% rccord5 thar disclosc with rcasonablc aLcura¢y ar any ume Ihe financifil posiiian OE thL' chAritable Lr)mpan>' and cnable rhL'm to ¢n5urc that thc financial srarements comply with the Comp#niLs iKct ?IX)6. 1'h¢y ar¢ also responsible For 5alcguarding thc a35crs of rhe ch¥Lriral)Ic company 2nd hcncc for ta.ng reasonal)le stcps (or rhe prevention and det¢¢tion of fraud And other irre8ulariues. 'L'he tru5tccs confirm that: so far 2s e8¢h trnstce As awirc, thcrc is no rclcvant audit inforniation OE which the charitablc company. auditor is unaware,. and the ttuste¢s have tak¢n all the Steps that they oughr to have taken A5 trusrecs in order to make them$clve$ aware of an}p relevant audit inforniArion 2nd to C5tablish that the charirable company's auditor is aware of that infomiuon. Thc ttu5tcc$ arc rc5ponsible for the maintenance and integriry of the corporare and flnanci information included on the LhArirxble inmpxny's w¢bsit¢. l.cgi$lation in thr Unitcd Kin8dom governing rhe preparauon and disscmination of fjnanciai Statements may differ from legislation in other jurisdictiort$. Audltor 'rhc ¢ompan}'s arrsclc5 rcguirc annual rcappoinrmcnt of the %Ludirors. l.lawsons have expressed willingness to continuc in oEfice. ..1 resolution to reappoint H#wsons as iuditors be proposed ai the ,4nnuAI Generni Ileeting. ()IN BF.H,11.P ()F TI IF*. TRUSTF,'L,' rj Price Chair Ir J IE Reynolds Trustee 21., June 2025 21st Junc 2025
Independent auditor's report to the trustees of Lindley Educational Trust Limited Oplnlon Wc havc au&"Icd rhc financial starcmcncs OE Lindle), Educational Tlust l.imired (the 'chiritabl¢ company? Eor rhe )pe2r eiidcd 31 Ilarch ?0?5 which comprise rhe %tatement of Financial ..Ictiviiic5 (incorporaiing rhe income and expenditure aCLount). rhe Balance Sheer, the .%raiemenr of C2sh Flows 2nd notes to th¢ finanLial starcmcnts, including significani a¢countiiig pnlici¢s. The financial r¢porun8 Framework rhar has been ippliLd in their preparation is applicable ]aw and Lnitcd knngdorn .Iccounting Standards, including financial Ileporring %randard 10? The Fin8nci%l Rcportin8 Standard applicAI)le iii rhe UK and Ilepul)lic ()f Ireland (United Kingdom G¢n¢rally .-Ic¢cptcd .Iccounting Pracrice). In our opinion the financial statemcnts.. ve 2 true ind fair view of thc statc af thc charit#blc company's affairs a5 at 31 Ifarch ?0?5. and of its incoming fC50urces and apph'cauon of rcsuurces. includingy irs inLome and expcndirurc, for thc ycAr rhcn cnded. have been ptopL'rly preparcd in accordancc wirh Unired Kingdom GenerAlly Accepted ,l¢counung Practice. and have been prePed in accordance with the requirement$ of the Companic5 Act 2006. Ba•ls for oplnlon We conducred our audit in accordance wirh Internationa] %tandard$ oft .4uditing (UK) 05,4s (UK)) 2nd 2pplic2blc law. ()ur responsibilities under rhose StAndrdS are further d¢scrib¢d in thc Eludirorfs re3ponsibilities Eor the audit of the financial statements s¢ction (JF our r¢pori. Wc arc indcpcndcnt of rhc chAritAble company in a¢¢ordan¢c with thc ethical rLquirL'menrs rhAI are relevant to our audit i)r thL financial xtatcmcnts in the L'K, inLluding the E.'RC.'s f.thical .4tandard. and wc havc fulfillcd our oiher crhicF41 responsil)ili(ies in accordance with thcsL r¢quir¢mcnis. We bclieve fhar the audir ¢vidence we have obrAined is suffici¢nr and appmpri4tc to providc A basis For our opinion. Conclu•lon• r•l•tlng to golnq conc•rn In auditing thc finanLiAI statcmcnts. we have Loncluded that rhe rnJste¢s' u$¢ of the going concern basis of accounting in the prepArxtion OF the fJn8n¢ial $tatemcnts 1$ appropriatc, Based on the work we have pcrformcd, wc havc nor identified any marerial unLertinties fflxun8 to evcnts or condition5 thxt, individLIAlly or colleLtively, may ¢#st signifiLani doubt on ihc chriral)le company's abihty to c(mtinue as A going con¢¢rn For a period of at ILasr twclvc month5 from when rhe financial SiLments arc authori5cd Eor i5SUC. ()ur respon5il)ilitlC5 %nd the responsibilities OF the trust¢es with rcspcct to going concern are described in the relevant $e¢uon$ of thi$ rcport. Other Inlorniatlon The other informauon comprises the inforniation included in thc t.tU5tec5' AnnuAI report. other thn the financial 5tarcm¢nts and our audiror's report thcrcon. The ttusfLes are respons&blL for thc othcr informaiion contained within rhe annu21 report. l)ur opinii)n on the fin#n¢i%l $tatemcnrs docs nor Lover the orher informxtion #rtd. cxcept to the extcnt otherwise explicitly stared in our teport, we do not cxprc$$ any forrn of assurance conclusion thereon. ()ur rcsponsibdity is to rcad thc oihcr inforniAtion and, in doing so. consider whether thc other information is marcria]ly inc()nsistenr with rhe financial stAtements or our knowlcdge obrained in the course OF rhe ¥Ludit ot othcrwi5c appcar5 to bc materially misstared. If we idLnufy SULh mat¢ri2] inconsistcncies or Rpparcnt marerial misst2tement5, wc arc rcquircd to d¢¢crmine whcthcr this vc$ rise to a marcrial misstarement in the financiai statements thcrnselves. IE. based on the work we htve perfornied. we conLlud¢ that there is * marcrial mi5Statement of this other infonnation. wc arc required to rcport that fact. We have nothing to r¢port in thi5 rewArd.
Independent auditor's report to the trustees of Lindley Educational Trust Limited Oplnlons on oth•r matt•rg pre•crlbod by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the inEorn)#tion given in thc rrustccs, rqiort (Incorpnrating the strntegic report and the director5. report) fot thc financial }'car for which the financiAI siatements are prcp3red is ¢onsi51cnr wirh rhe financiAI staremLnis' and the strategic report and Ihc direcrors, report hgve been prepared in accordance wirh applicAble leg21 rcquiremenrs. Matt•rn on whlch w• ar• r•qulr•d to r•port by oXC•Ptlon In rhe light of the knowlLdRc aiid undersranding of the charitabl¢ ¢ompany and its cnvironment obtained in the course of thc audir, wc hAVC nof idcniified material missrAremenrs in thc rrnstee$' rrport. We have nothing to rcport in respect of the following marrers in relarion to which the Companie5 Acr 2006 requires us to report to you if. in our opinion.. rhe informarion given in rhe trustees. report is incon515tenr in Any matertAI respect with thc Gnan¢iA] statcmenrs; or sufficient acLounung records havc not bcen kept; or the financial srarcmcnrs are nor in agreement with the Iccounung records. or we have not rec¢iv¢d all thc infonnation rénd cxplanArions we require for ou¢ audit. R••poD•lbllltl•• of truJt••• ,45 expl%incd more fully in the trusrces, responsil)ilitics statcmcnt (Sci oui on pfige 6), Ihe trnstees (who arc a159 the dircctors of the ¢hvit8bl¢ comp8ft} for thc puq)05cs oFcompany law) are responsiblc for th¢ pr¢pararii)n of rhe financiAI srAtements And for bcing sarisfied thAt the). give 2 true And fair vicw, and for such inrernAI conrrol as the trust¢¢$ dcicrminc is nLccs59Iy to enablc tlie pt¢p%ryAUon of financial sratcments that are free from m¥rerial mis$tatemcnt, wherher due to fraud or ettor. In prLpAring rhe finAncial starements, the trust¢es arc rcspon5ihlc for As$e5sing rhe charitable cnmpan) s ahiliti, to conrinue As a gning c()ncem, di8clI)sing, as Applicahle, mAircrs rclatcd rn going concLm And using thc gning concern l)asis of accouniing unless the tru5tee5 either intcnd to iiguidate rhe charirxble comparty or to ce35c operArions. or have no reatistic alternauve but ro do so. Audltorl• r••pon•lbllltl•g for th• audlt of th• Ilnan¢l•l •t•t•m•nt• We have been Appointed auditor under th¢ Companies ,l¢t 21106 and report in accordan¢¢ with this Act. ()ur objcctivc5 are to ol)ttin reasonable assurance 2bout whcthcr the finAnLial statements as a whole are frec from materi%1 mi5S1atcmLnt, whcthcr duc to fraud or error. and to issue an auditor's report thar inLludes our opinion. Rcason2blc 8$sur2nce 1$ 8 high lcvcl of 45surnnce, but is noi A guarantee thAr an ¥Ludit conductcd in accordance with 1%.4s (UKI always detect 2 mAterial mi$5tarcmcni whcn it exists. Illissr%rementS Can arisc from fraud or error and are considered material if. indi*iduall> ur in the aggrcg2te, thcy coukl rrAsonably be cxpccied to int]ucnc¢ th¢ cconornic dcci5ions of users taken on the basis of these financial statement5. Thc extent ro which our procedure5 arc capable oFdet¢cting irr¢guI1C5, including Eraud is detailed below: "rhc charitable company is subjecr to laws and regulations that directly and indirectly aFEecr the fininci21 $txtemcnt5. Bas¢d on our understanding of thc charirablc company and rhe environment it opcrnte5 Wlthin. we determined that thc laws 2nd regulauons which were most sigRificant includ¢d I".IL% 10? Companies ,4cr ?006, Health 2nd .4afcry regulations xnd the ChxLitics .-Ict 2011. Wc considered thc extent to which non-comph"an¢c with thcsc laws and regulauons might havc a material effect on the financial sraicmcrLfS, including how fAud Mt occur. W¢ cvaluatcd management's tncentives and opporrunitles for fraudulent manipulation of the fAn2nti 5taterncnrs (including the risk OE ovcrridc of controls). and dctcrmincd that the principal tisk5 Ivcrc relared to the posting of in2ppropri8tc journal entrie5 to improve th¢ company's rcsult Eor the period, and manamei bias in key accounung estimAtes.
Independent auditor's report to the trustees of Lindley Educational Trust Limited ,ludit procedures petformed by the engagement team included.. Discussions with mAn%Lgemenr and those r¢sponsible foT legal compliance procedures within thc charicable company ro obrain an under$r*nding of thc Icgdl and regularori, framework applicable to thc charirable company 2nd how the charirable compfin}' complies witli thai Eramcwork, includins considerAtion of known or su5PCCted inslances of non- comp]iance with law5 and rcgulaiions and ELqUd. Rcvicwing minutes of Trustee meetings. Idenrif}ping and assessing the d¢$ign ¢ffectivenes5 OF conrro15 that management has in place to prevent and dctccr frdud and non-compliance with laws 2nd regulations: ChallcnginB assumptions and judgements madc by managcmcnt in their significanr a¢¢ounting csumares. IdenriF)'in8 and testing journal enrrics. in parucular any journal enrries po$ted with unusual Account combinations or post¢d by scnior management. Thcrc inherenr limitations in the auth't procedures dcscribed above and the more removed non-complianLe with ]aws and rcgulatlOn$ 15 froni rhe evenrs and rrnnsxLtivn$ r¢flcct¢d in thc financial srarLmL'nts. rhe Icss hkcly wc arc to become aw%Lre of ir. ,.Ilso. th¢ risk uf not dL'tcctin8 a marcrial missr¥Lremenr due to fraud 15 higher ih%n thL' r&sk of not dctccung one resulung From ettor, as frnud m4), involve delil)crAie conceAiment by. for cxample, Eorgery or int¢ntional mi$ffprescntations, or through collusion. A Eurrher description of our rc5pon5ibilitics is AvailAble on rh¢ Financial Reporring Council'$ wel?site Rr.. www.Erc.Drg.uk/audirors/Audit-AS5urance/aLidirt)r-s-tr%p()nsibilities-for-rhe-audit-of.thc-fi/dc5criprion-of-the-auditOr's- responsibilitics-for. 'I'his dcscripuon Forms part of our 2uditor's report. Us• of our r•port This report 1$ made solely to thc charirable company's members. as a body, in Accordance with Chapt¢r 3 OE I)art 16 of rhe Companics ..Icr ?006. ( )ur audit work his b¢¢n undcrraken so ihar we might state to thc charirAblc Lompany's m¢mber$ thosc mattcr8 we arc rcquircd to stAtL' ro them in an auditor's report and for no o¢hcr purp()5c. I'o the fullest extent pemiittLd l)y Ixw, WL do not a¢ccp¢ ur assume re5ponsil)iiity' to an)ptsnc othcr than Thc chariMI)le company and the Lhariral)le company'$ mcrnl?crs a5 A bod>', for our audir work. for Ihis rcport, or for thL' opinions wc hav¢ Fornicd. ,%imon BladLii, .SLnior Statuiory ,'luditor For and on b¢h8lf uf I lawson5 Chartcred .4ccounrants. %tatU¢Ory ¢luditor PcgAsus House 463a G10s50p Road %htffield %10 2QD Date.. I f..l/.. l
Llndley Educatlonal Trust Llmlt•d Financial statements for the year ended 31 M•rch 2025 10 Statement of financial activities (incorporating the income and expenditure account) Unrestricted funds Restricr¢d Eunds Total 2025 Total 2024 Noie Income from: Donauon5 and le8Acie5 Governmenr grajit Charital)IL' aLriviries Courses and training InvLStmL'nrs Total income 1.196 177.065 99,766 178,261 99,766 140.631 90.765 1.411.68i 7,33? 1.420.913 1,411.685 7,332 1,697,044 1.338,077 6,508 1.575.981 276.831 Expenditure on: Raising fund5 C.haritAblL activitie4 Total expeoditure 31,.134 1,369,6.53 1.400,987 31,334 1,632,679 1,664,013 3?,387 1.567 1)85 1.600,-17? 263.n?6 263,0?6 Nei inconie/<expenditure) 19,226 13.805 33,031 (24,391) Net movement in fund8 before tran•fe¢8 19,226 13,805 33,031 (24.391) TrAn8fer be¢weett fundo 45,444 (45.444) Net movement in fund8 64.670 1,346.887 (31.639) 165,876 33.031 1,512,763 (24.191) 1.537.154 Fund ba]anccs broughr forward ar l JKpri] 2024 14 Fund balances carried forward at 31 March 2025 14 1,411.i.i7 134.237 1,545,794 1.512,763 .411 OF the above re12re to continuing activiu¢$, The accompanying accounting pohcies and notes (pages 13 to 2?) Eom) an inie8ral part of these fin2n¢ial statcments.
Llndley Educatlonal Trust Llmited Flnanclal stattrments lor the year endod 31 March 2025 11 Balance sheet Note 2025 20?4 Ftxed 488ei$ Tangible assets 1,297,584 1.324.483 CutTent 488et8 %tULks Debtors Cash at bank and in hand io 3,028 162,634 439,611 605,273 2.983 198.523 45?.788 6)4,294 Creditor8: amount8 falling due within one year 12 (343,203> (409.614) Net current a8set8 262.070 244.680 Total 488et& le88 curreni liabilttie8 1.559,654 1,569,163 CteditOT8: *mount8 falling due After niore than one year Lnng tcrrn loan 12 (13,860) (13,860) (56,400) (56.400) Net a88et8 1,545,794 1.512.763 Income futsd8 Unre8rrictcd funds Rc$trict¢d furtdj 13 14 1,411,557 134,2J7 1,545.794 1,346.887 165.876 1.512,763 Thesc account5 have been prepared in accordanc¢ with th¢ provisions appiicRble to companies subject to th¢ small companies, regime. Thc financial statements were approved and authoriscd For is$u¢ by th¢ Board of Trustecs on 21,, June 2095. Ir J Ptice Chair ,Ilr J 11 Reynolds Trustee Charity number: Company number. 247662 00867065 The accompAnying a¢¢ounting policies and notes (pages 13 to 22) fomi an integtai part OE thcsc financial statements.
Llndlay Educatlonal Trust Llmlt•d Financlal statements for the year •nd•d 31 March 2025 12 Statement of cash flows Note 2025 20?4 Ca8h flow6 ftom operating a¢tivitie8 Net cash provided by operating activiue$ 15 155.679 84.570 Ca&h flows from inveBtiog activitie8 Pm¢eeds frorn sale of tangsble fixed as$et5 l?urchase of iankyible fixed %ssers Net cash u8ed in investing activitieB (96,321) (96,321) (144,780) (144.780) Ca8h flow8 from financing Activitiei Receipt of loan Intcrcst on loan Repayment OF loan Net cash used in financing activitie8 6,685 (79,220> (72,535) 13.080 (106,667) (93.587) Change in c88h and c8oh equivglent8 in the reportxtsg period (13,177) (153,797) CAsh and cash equivalent8 ai the beginning of the ceporting period 452,788 606,58.5 Cash and c4gh equivalent8 ai the end of the reporting period 439,611 452,7811 The accompanying accounting policies 2nd notes (p8ges 13 to 22) form an inicgral porr of rhese financial sutcmcnts.
Llndley Educatlonal Trust Llmltod Plnanclal statgment$ for tho year •nd•d 31 March 2025 13 Notes to the financial statements Charltabl• Company Inlorniatlon Liodlc>, Educational Trust Limit¢d is a ¢ompany limi'ted by guarantce (Company aurnbcr 00867065). The regisrered oEfice is Hollowford Cenrrc, Castlcton, I lope I'alley. %33 8WB. Ba•ls of pr•paratlon The financial Statements have been prepared in accordance with ..Iccounting and Reporting by Charities.. .%txtement of RecommL'nded Pracucc applscahlc fo cha¢itic5 prcparing ihcir account$ in accordance the Financial Reporting tandxrd aPpL21)le in the LIK 2nd RepubknL o( Ir¢l2nd (E.-ILS 10?) (issued ()ctobcr ?019), (Ch?ritic5 5()RP (FR% 102}1, Ihc r.inan¢ial Repurung Standard appliLxblc in rhe UK and Rcpublic OE Ireland IflL% 102} and Ihc C.ompanics Act 2006. lindlcy b.duc8tion21 .1 wst Limsted meet$ th¢ definition of a Publi¢ Bencfjt Entity under F,"RS 10? 1I5Sets and liabiliucs
re initi*lly recognised at 'Storical cosi or trinsaction Wdlue. unless otherwise stared in the relevant accounting policy
notcs. The fin¥Lncial 5taternents are prescnted in Sterling (O. Golng conc•rn These financial sraremenrs h¥Lve l)een prepared on a going concem basis taking note of thc guid4n¢c is$ucd by the Financial Ilcporung C.uuncil on CJoing Concern As5e5sment5 in derermining tht thts is an appropriate b¥LSiS of prepxrnuon of th¢ financia) statcmenis. 'rhc"I rusrces have rcviewcd fijrccasts to Juiic 20?6 Ind cxpcct Thar IAndlcy F.ducationAI I'tusr has 5uFficient resouffes to ¢n4ble it to conunuc ro adopt the going concern basis An preparing the finaft¢i#l st¢emeni$. Incom• In¢om¢ 1$ thc to¢*1 Amounr rcc¢ivil)l¢ by rh¢ Charitablc ¢()mpany for goods supphcd and scrvices provided in the year. excluding I'AI. and rrade disLounis. Deposir income is recognised when a visit takes pLqc¢ or when the ch1[able compan), is notifiLd uf a ¢xnccllaur)n. Grant• Granrs arL' rL'Lognised as incomL' in thc %()r,.I when conditi()nq atrached are within the chxriry's Lontrul #nd it is prob8blL that th¢y wi]1 be mct. I f it is not probable. the ii)coming rcsourccs arc dLfcrrLd a5 a iiabiliry unui the conditsons imp05ed can be met.
Llndley Educatlonal Trust Llmlted Flnanclal statemonts for the year •nd•d 31 March 2025 14 Notes to the financial statements Basls of proparatlon Icontlnued) Exp•ndltur• xpendirure. which is charged on an a¢ctyJals basis, is allocated bctwccn.. expendirure incurred dir¢¢tiy to the fulfftlmcnt of the chariry's objectives (direct ¢h%uiT#ble)' expenditure incurr¢d directiy in the effort to rgise contriburions (fijndraising and pubt¢city): and expcnditure incurrcd in relxtion to govem2nce. Fund •e¢ountlng Re5rricted funds are 10 be used for specified purposes laid down b). thc donor. F.xpendkrure for those puq)oscs 18 ch#rgL.d to Ihc fund, rogeiher with a fair allocation of overhe¥Lds and support ¢osi$. Unrestricted funds Rrc donArions and other inLoming resources re¢¢ived or generated for expenditure on the 8¢nera] obje¢tivc5 of the charirablc company. Tanglbl• flx•d as••ti and d•pr•clatlon .1 at)kFIl)IL fixcd assLts arc 5tatcd ai Losi, nei of LlepreLiAtion. Deprcciarinn is cxlcularL,d ro wrirc down the cost Icss ¢stimatcd residual va)ue of tanxiblL fixLd assets hcld for chiriry use Other th2n frLeh(Jld l%nd b), equ41 Annual irtstalmcnts or rhe rcduLing l)A]anLe mLthod ovcr thcir cxpc£tcd useful livcs. 'I'hc rates gcncrnily applicable ate: Frcchold buildings E.urnitut¢ %nd cquipmcnt.. - computers - Bcncra] ,IEotor vehicle$ 200/0 8traighi lsne 250/0 strxight h'ne 20°/o Straight linc ?5 /0 5rrAi8hi line/25°/o reducing b812n¢e Stock• .%tocks are stated at th¢ lower of Cost and net rcAii5able value. L•as•d a••t8 Pa}mcnr$ madc undcr opcraiing IcAses are charged ro rhe in¢ome and expcnditure accounr on a straight-linc basis ovcr the lease tem]. R•tlr•m•nt b•n•flt• Defined Contribution Pension Scheme8 'I'hL pension ¢osis ¢hrgcd in thc year rcprcsenr rhe amount of rhe contributions payable to the schemes in re$p¢¢t of the llccuunting period. Dobtors %hoit term dcbtr)r$ arc mca5ured at trAn5acrion price, Icss any impairment. Loans rcccivable are me2sur¢d initially 8t fair V21ue. net of transaction costs, And at¢ mcasurcd 5ubseguently at amortised cost U5in8 thc cffective interest method. less any impairment.
Lindley Edu¢ationl Trust Llmited Flnancial Statements lor the year ended 31 March 202S 15 Notes to the financial statements Basis of prnparatlon (contlnued) Credltorg %horr rem rrAdc creditors are me%sured at rhe rransaction price. ()rhet Gnancial liabitities, including bank loans, are mc14sur¢d initially ar fair valuc, ncr of rrnn5acrion costs. and mca5ured subsequentlj, at amortised cost Using thc ffLcti%'e interesr method. Provlslons lor Ilabllltlg l)rovi4ioii% arc reL()gnisc.d when the charitable company hAs a present obligation ae8al 0¢ constructive) as & result OE a past cvcnt. it is probablc that the charitable company will be required to settle rhe obligation, and 2 reiiablc cstimarc c%n be m2de of rhe amount of the obliytion. Thc Kmount rccogntscd as a provision 15 the besr c5timArc of the consideration required to settle the present obligation At thc end of the reporting period, takn'ng in to account rhc risk5 and uncertainties surrounding rhe obhgauon. 81gnlfl¢ant Judg•m•nt• and •stlmat•s Prcpararinn OF rhc financial sraremcnrs rcquireq manAgemLnr ro make sixnifiLant judgemLnts and c5rimarcs. ThcrL' are no signifi¢*nt ¢stim%t¢s or judg¢m¢nts made in thc proccs5 of Applying thc chaftrablc compiny'5 aLcounung poii¢i¢$. Inv••tm•nt Incom• Investment income comprises income Etom.. 2025 2024 Bink dep()$its 7J32 6,508
Llndley Educatlonal Trust Llmfted Flnanclal st8tgment$ for tha year ended 31 M•rch 2025 16 Notes to the financial statements Total •xp•ndltur• ActsTritie8 for Young people po41 Bchool age Young people of chool age M*rketing and ndtai8ing Basia of
llocation
2025 Total 2024 Community Governance Co8ts directy gUoca¢ed to activitie Staff ¢{)8rs l)irL'CI 3?5,325 2?7,(MJ6 33.575 585.906 570.901 c¢in%uliancy l)irLcr 96,988 67,077 10.009 174.674 167230 tuiiriinx ccist% ,%li)If?r vLhiclL* and IravLI ()IhLi dirL'ct ctjsrs .ludit l)ireci 8,979 2J.17S 18.357 l)irL'CI l)irLCt 21,932 116,922 15,305 81,587 2.264 12,067 39,501 210,576 10,146 38,887 219,118 19.498 10.146 Support coHts 88,165 131 ?71 1,948 15,988 9.099 13,548 ?01 1,650 158,784 266,844 3,509 29,703 135.669 247,795 3,367 %ittff ciJ¥t l)nif1441t>tl ILI (4,$ ()fficc Cl)1% l?ublic liability inyurnric£ l)LpfL¢iaiic>n (TLYILfAI c¢Tr415 l)n)fit in %f¢lL (If fixLd o%sct lJ2nk (-hurx .1 Im¢ 30,4?5 91,6(N) 1,360 11.156 USRXL 91 7,331 68.418 10,043 5,115 47,741 7.W8 757 7.061 1,036 13,203 123,220 18,087 11,995 115,41? 15.794 U¥u%L .1 rdn8aciiiin 3,712 1590 383 6,685 13.080 TO1 re8ouffceo expcDdcd 31.334 9(K),911 6?8.644 10,146 L6(A,OL4 1,61K).372 'fotal expenditure includes.. 2025 2024 Audirr)ds rcmunerarion Depreciation.. I.gibIC [ed a55Ct5, owned ()ther operating lease rentals 10,146 12,498 .220 14,599 122,578 2?.433
Llndloy Educatlonal Trust Llmlt•d Flnan¢lal stat•m•nts for the year endod 31 March 2025 17 Notes to the financial statements Ernployeos %t%ff costs during thc yc*r wcrc as follows.. 2025 2024 Wagc5 and salaries OLial securiry, cosrs ( )ther pension cosrs 761,900 49,708 41,142 852,750 731.571 48,506 38,318 818.395 The averAge numl)er OF employees during the year was 20 pem)anenr employees {?0?4.. 21) and 29 part time employed on a casual ba515 PO?4.. ?8). All of whom werc engaged in rhe rraining and personal development OF young pc(Jplc and other$. ()ne employee earned bctsvecn £60.001 and £70.000 fO?4: £ni]). 8•nlor manag•m•nt r•mun•ratlon 'l-he kLy maliLmet1t personnel of the company comprise rhe senior managemenr ream, gs Set out on the company inform2ts0n page. lTh¢ total employce b¢n¢fits of the key managcment pcrsonnel of the company were £256,024 (20?4.. n55.737). Dlr•ctor• None of th¢ director5 received remunerlluon in the year {2024.. £nA]). Trust•• r•mun•ratlon and r•lat•d party transactlons No trust¢e or pcr50n with a Earnily or busine55 cunnccuon with a [sEce. received remunerntion in th¢ year, dircctjy or indirect]y. from either the ¢h2riry or an institution or company conirollcd by thc Lharirable company. N.0 ttusrccs were reimbursed for directly incurred expenditure on travel 2nd orher exp¢ns¢s during thc y¢4r (2024: none). During thc. year l.indley L.'duLarional Ttust Limited paid £1,575 (?0?4.. £6.3(X)) for an QPCrnUn8 Icase to G.SA Ha]1 Pcn5ivn Schcmc whctt onc of rhc trustecs is also a trustce OE LAndlcy Education21 l'rust Limited. Lindle}' Educauonal Trusr Limited paid £nil (?0?4: £8.?78) for window upgrAdes to ithlestonc Projeccs axeds) Ltd where one of the dire¢tor5 18 A150 1 tN5tee of IAndley b.ducauonal Trust limited.
Llndley Educatlonal Trust Llmlted Financlal statements for the year ond•d 31 March 2025 18 Notes to the financial statements Tanglbl• flxed ass•ts Freehold Furniture land and and buildings equipmenf Motor vebicle8 Total Cost Ai 1 .4pril ?0?4 Ildditions Dispos21s At 31 Nlarch 20?5 2.750,303 7,647 62i,381 88.674 162,02? 3,537,706 (35,638) (3i.()38) 126J84 3,598.389 2,757,950 714,055 Depreciation At l ilpril 2024 Provided in thc yrar D¢pr¢¢iat&on on disposal At 31 Ilxrch ?024 1.558,490 81.484 540,818 24246 113.915 2 ?13.2?3 17,490 123.290 (35,638) (35,638) 95.767 2,300,80i 1,639,974 565,064 Nei book amount 0131 M•Tch 2025 1,117,976 148,991 30,617 1297,584 Net book amount it 31 Ilarch 20?4 1.191.813 84,563 411,107 1.3?4.483 Illl ian8ible [l.d assets wcrc used For charirable purposes. 10 3tock• 2025 Cyoods for r¢-sale 3,028 2,983 11 D•btors 2025 20?4 1.radc del)rors Prcpaymcnts and accrued income 95,662 66,972 162,634 130,?811 68,tr43 198.523
Llndlay Educatlonal Trust Llmlted Flnanclal statemants for tha yoar ond•d 31 March 2025 Notes to the financial statements 12 Cr•dltor• Amounts f•lllng du• wlthln one yoar 2025 2024 'rtad¢ cttditors %ocial securiry And other tLxes ()ther credir()rs and deferred incomc Clwrcnr portion of long-temi loAn Pension conrributions .4ccrua15 26,868 17,017 224,797 41,403 11,329 21,789 343,203 9.725 14,981 265,467 71.399 10,617 37,4?5 409,614 Deferrcd inLtsme is in relatiort 10 dcp05iis fLcLivcd for future bonkings. Il porrion OF rhe long-term In 1$ secured by a rjxcd thargc and t]oatin8 charge OVL'r all property and undLrtakings of ihe ¢h2fitable company. Amount• f•lllng du• aft•r mor• than on• y•ar 2025 20?4 In8 tetm loRn 13,860 13,860 56,400 56.400 Il portion of the long-rcrm loan is $c¢urcd by a rd charge and floAting charge OVLf 211 property And undertakings of the charitable company. 13 Unrngtrlct•d lund• Total At 31 ,11ch 2023 Incom¢ L.'xpenditure Transfer Erorn restricted funds At 31 ,Il%rch ?024 Income Expendirure TrAnsFer from restricred Eunds Ar 31 llarch 2025 1.31? 937 1.344,687 (1,316,243) 5,5116 la46,887 1.4?0.?13 (1.400.987) 45,444 1,411,557
Llndley educatlonal Trust Llmlted Flnanclal statements for the year onded 31 March 2025 20 Notes to the financial statements 14 R•strlcted funds A8htott Youth Club Pit8moor Youth Club Rank Foundation National Lottery 2024 Othet Total Balancc at 1 .4pril 20?3 Income Expenditure Tran5Ecr to unre5trictcd funds ?6.582 ?8,700 {44.475) 30.710 63.007 (56,799) 48.929 104.47? 24,220 (57,911) 13,5?4 2?4 ?17 61.000 231 ?94 (58.633) (284,129) (5,506) (5..50()) IOJ85 {66,-311) Ar 31 Ilarch 2024 10,807 36,918 36.985 70,781 165,876 A8hton Youth Club Pit8moor Youth Club Rank Foundation N#tion41 Lottery 2025 Other Total Balancc Ylt l .4pril 2024 Incnme F.xpendirure "I ransfer to unrcstricred funds 10.807 io,o(Ki {16,448) 36.918 111,764 3,707) (?o,000) 36.985 73,143 (8i.177) 70,781 13,449 (44,2?? 10,385 165,876 611.475 276.811 (43,472) (263.0?6) (25,444) (45.444) At 31 Lllor¢h 20?5 4,359 54,975 24,951 40,008 9,944 134,237 RAnk FoundAtion These funds are to help inspire and develop young people. The Ngtional Loitery Communliy Fund, RC North West Region Helping girls and youn¥ women gain confidence and engaging them in healthy and active lifestyles. In¢onie £49,43212024: £38,055), Expenditure £40.444 (2024.. £39,925), Balance at 31 March £29.324 (2024.. £20.336). The National Lottery Community Fund, Know Your Neighbourhood Fund Ilelping young people lo ¥ain the skills and confidence to become leaders and inspir8lion81 role models within iheir community. In¢oni¢ £8,240 (2024.. £16,240}, F.xpenditure £14,637 (2024: £15,622). Balance ai 31 March £2,725 (2024: £9.122). The NationAI Lottery Communtty Fund, Million Hours Fund To help us reach out to additional young people from disadvantaged and diverse backgrounds, Income £20,102 (2024". £8.712), Expenditure £18.626 (2024: £1.252), Balance al 31 March £8.936 (2024.. £7,460). The National Lottery Community Fund, Awards For All To help purchase a toilet and shower trailer, a5 part of our welcome to camping project, encouraging more young people lo experience the outdoors. Income £20.000 (2024.. £nil), Capital Expendilure £20,000 (2024.. £nil). Balance at 31 March £nil (2024.. £nil). The National Lottery Heritage Fund To support the Somali girls and young women'5 group in Sheffield, helping lo understand their culture and herilage. Income £13.990 (2024.. £nil), Expenditure £nil (2024.. £nil). Balance at 31 March £13,990 (2024.. £nil).
Llndley Educatlonal Trust Llmlted Flnanclal statements for tho year endod 31 March 2025 21 Notes to the financial statements Ashton Youth Club These funds are for the youth club and all associated activities, including outreach wiihin the community and the development of young leaders. Pitsmoor Youth Club These funds are for the youth club and all associated activities, including oulreach within ihe community and the development of young leaders. other These funds are for Ihe Hollowford Centre, including Ihe development of the site. its building5 and equipment. 15 R•¢onclllatlon ol ¢hang•s In r•gourc•s to n•t cash Inftow from op•ratlng actlvltl•s 2025 2024 Net movemeot in fundl Dcprcciarion ol ran8il)le fixed asse¢5 ncrcasc) in 5tock5 DecreisL/ (inLrease) in debtors O)crrca5c)/ incrcasc in crediinr5 excluding rhe long-rerm loan IDecrcase) in provisions Profit on disposal of fixed a5SCts Nei ca8h provided by opet*ting activitie8 33,031 123220 (45) 35,887 (36,414) (24.391) 19?.578 (941) (44.580) 39.488 (8,284) 155,679 84,570 16 C•pltal ¢ommltm•nts lThe company had no ¢Apital commitmcnts At 31 ,Ilarch 2025 or 31 Ilarch 2094. 17 Contlng•nt Ilabllltl•s There wcrc no contingenr liabilities at 31 ,Ilarch 2025 or 31 llarch 2024. 18 R•tlr•m•nt b•n•fits Defined ContTibution Pension Scheme 11)c charitablc company opcrAie5 a dcfined conrribuuon scheme For the benefjt of th¢ cmployces. The a5sers of the SLhemL are administered by rrustees in 2 fund indcpcnd¢nt from th05c of the charity. The contributions p%id into thc 5chcmc in thc ycar are ser our in note 6.
Llndloy Educatlonal Trust Llmlted Flnanclal statement$ for th• year •ndad 31 March 2025 22 Notes to the financial statements 19 L•aslng commltmonts At 31 Ilarch 20?5 the charitoble company had mtnimum lease payments under non-¢*ncel]able operating lease5 85 follows.. t4nd and builditig8 2025 tAnd and bui]dings 2024 Othct 2025 ()Iher Within one yexr Between one and five yeArs ()ver five ycars 7,767 38.837 85,313 Lll,917 6.300 31,500 75,479 113,279 5,777 17,082 7,128 29,987 6,?0? 13.403 4.480 20 Analysls of n•t ag9•ts b•tw••n funds Restricted fund8 Unre8tricted Fund8 Total bund b2]Ances ar 31112rch •025 are represented by: .1 angible fixcd aysets Current 2ssets Currcnt knabib'ue5 IK)ng temi bxl)i]itie$ TotAI nct asscts 25,081 109,457 (301) 1.27? i03 495,816 {34?,90? 13,860 1,411.-557 1.297,584 605,273 (343,203) 13,860 1,545,794 134.237 Re8tricted fund8 Unre8tricted Fund8 Total Fund balances at 31 .Ilarch ?024 arc rcpresented by.. Tangil)le fixed Assers Currenr assets Cuttent lial)ihties Long term habihtses TorA] net assets 3).830 131,587 (1,541) 1,288,653 52?.707 (408.073) 56,41 1,346,f187 1,324,483 654,294 (409,614) 56,400 1,512,763 16i,876 21 Borrowlngs 2025 20?4 Amounts due within one year Amount5 duc between one and five years Amvunts due in over five ye2rs Total liability 41,403 13,860 71,399 56,400 55,263 127.799