2023-12-31-accounts

Company reglstration number: 0109506S Chawity r4istration number: 265703 L.A.G. Education and Service Trust Limited IA t(Mn￿nY limoted by guarantee) Annual Repgrt and Finantial StaiemMts for the Year Ended 31 December 2023 Fiekl Sullivan Lirnited g Hare & Blllet Road Blackheath SE3 ORB 111 111111 AD9PC3K9 17108r2024 CCthIPANIES HOLISE

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G. Eduatlon and Ser¥ke Trust Llmited Reference and Admlnistratfve Detaits Trustees, Report 2to7 Independent Examlnerfs Rewt 8t09 Statement of Financlal Aclibrfties io 8alance Sheet Ilto12 Notes to the Flnanclal Ststements 13to23

LAG. Edu(ation and Sefvi¢e Tntst Limited Reference and Adrninirtratlve Details Tmsttts Olumlde PAIIS . Jukan Allen . Rosalind Bra Katrina Crosslev Amanth Groves Charlotte H￿he$. Llsa Linde Alastair Logan Adriano Moraes Jonathan Robins Ch•rlty Rryistration Number 265703 Comp4fiy Rqistration N￿fib•r 01095065 The tharity 15 incorporated in ETh4￿nd and Wales. 2nd Hoor Gateliouse Chambers l Lady Halè Gate WCIX 8BS Rethter•d Offi Ind•p•nd•nt Ex•mlFber Field Sullivan Limited 9 Harè & Billèt Road Blackheath 5E3 ORB

LA.G. Educatlon and Service Tyust iifflited The trustees. who are also dlrectors of the th￿lty for the Purpo￿ of the Companies Act 2006. h￿e pleasure In presentin8 their Report and the Nnancial Statements for the yèar ended 31 De￿rnber 2023, which are also prepared to meèt thè requlrements for a dire¢lors' report and finandal ststements for Companies Act purposes. The financlal ststements have bEen prepared In accordance with the attounting pollcles set out in note 1.1 of the finandal ststements and wrnply with the tharlty's Mernorandum and Artides of Association. the Companles Act 2￿6 and "AccountTrng and Reportbng by Charities: Staternent of Recommended Practice applicable to charltles preparing th￿r accounts in accordance with the Financial Repgrting Standard applicable In the UK and Republic of Ifeland IFRS 1021" leffective l January 20191. ObJe&%iTRS and 4cli¥iiws LAG'S charotable obiertives: To promote and advance education and knowledge of the law tn the United Kingdorn and setondly to ielleve poor person5 in the Unlted Ki￿d9M by promoting and assists"￿ with the provision o! legal seThltes whlch would not otherwise be avallable to them through lack of mean& Vlslon •nd mlssl In ac¢ofdan¢e wlth these obiecti¥e5. the weed vhlon. mission and values for the organtsatlon are as follows: Our vision is acces5 to lustice for all. Our mlssion is: To Strengthen thevol￿ of people and tommunltfjes deTr￿ access to Justke To support frontline tharities, lawyers and athisers to deliver access to justTr¢t To influence hiw and poliry to imwove atw to Justi￿ ar￿ ueate a fair legal system for all Our values are: S¢xial justi Human rlehts Ex￿llenCe in practice Partnership and collaboration Diversity and Indusio Slrnte8lc phn 2022-25 LAG Is a resperted ￿mmentatOr on legal ald and access to justice i$5ues. The LAG brand Is well known wlthln the social justlce sector and stands for quality. In recent years. LAG ha5 been best known for Its hi8h quallty books. magazine and tralnin& In 2022, we developed a new strateg4 to refows on our camp4iyMng roots and l￿den our Teath Trnto the ecess to Justice c￿limU￿ty, while tontinuiThdto dell¥er our h￿-qu•￿ty legal informatlon and resources. Our strateglc alms are to: l. Be an authoritative and influentkl voice advocatln8for acces5 to justlce. P4g¢ 2

L￿G. Education and Service Trust Llrnited Trustees. Report We plan to do thls by: Raising thè profilt of our accets to cam￿le￿I￿8. Contrlbutlng wek4nfornied inpirt Into polky pr(esses and public debate Bulldlng networks and partnershlps to support our campanl ?. Oellver high-quallty, authoritative and uto4ate legal Infom)atknn. We plan to: Develop and implement a dl8ital strategy to brln8 our wÈbsite. publications arml re50urtss in fine with Industry star￿ard D￿elOP and implement a new model of resources and a traknlng strategy whlch tarjets both LAG'S core audience and the wider actess to justite tommunoty. Strengthen devdoprnent and commtssboning of publlcations and resources. induding establishin¢ an Editorial Board. Prpre and implement a mwketln8 strate8y, induding product costin& to support flnanci•l sustainablllty. 3. Bulld a sustainable infrastruC￿Te to delb¥er tyjr misslon We plan to: Improve LAG'S Intemal 4YganisatkJn by updatlTrg L4G's outdated firhincial and operational systems and processes. building on the fir1d1￿5 of a dtailed operatiorb•l review undertaken In October 2021. Build and develop the staff team to delr¥er the strategic plan. develop a fundraising pkin and build effective governarKe and rtskmanagement stratsgie& Publlc benefft We have referred to the a&4ice Contain￿ in the Charity Commission's genernl guldance on publlc beneflt when reviewi￿ our alms and Oblertr￿ and planning our future activ[t￿5. Our Objects, set out Obtr￿. •re carrled out for the publlt i>enefft as folbow&" 04tr books. magazine. trainlng and online resources are avaibable to all and prornoted widely withon the access to justice commuruty in the UL Through our publicaUons and tralnin& we budd the skills and knowled8e gf frontline lawyers. charltoes and athisers to dell¥er hl8h-quallty le8al athl￿. Through our policy analysls, thetw￿ building and calMpaigni￿ alm to Influence law and pollry to lrnprove access ts justke. Athie¥èm•nts and perfommnce We are pur5ubng a prwamme of thange to Implement our strateglc plan. Work Is progresslTrx under the three strate&c aims. Page 3

L￿G. Education and Servke Trust Limited Trustees. Rewt We htld an event in parmament on the Iory￿ anniwsary of LASPO. amplifyng voices calllng forinew approathes to del1￿ access to jus11￿. We publrshed a paper proposing a National Legal 5eivlce that has generated discussion about legal aid reform. We commenced a bimonthPy series of articles in Legol Action magazine hbghlighting access tolustice issues in ￿gIonal hxations. We worked wlth Il¥ed eXperIen￿ groups. tsmpaenine organlsatK)ns and our network of actiVi5t lawyers to develop and delyvef our ￿nference programrne. We dellvered conferences on Educ3tion Law. Houslng Law. Rough Justite and Actions agalnst the Poli￿. We worked with a dfverse ran8e of organ￿atIonS indvdire Safer Rentin& Museum of Homelessness. Communities Empowefment Networl APPEAL. 81zck Protest Legal Support. Public Interest Law Centre. Coram Chlldren's Legal Centre. Greater Manchester Tenants Union. SL Therapy London. SOSISEN and Bench Outreath. Speakers at our Rough Justice Conferen￿ induded Moazzam author and ex-Guantanamo Bay detail￿. and Ben Smoke. journ￿4$t and one ofthe Stsnsted 15. Our CEO was imiited to speak at the International Legal Aid Conference In 8oston. US. We were a member of the Stakeholder Group of the Law Society 201h Century Justice Proje¢L We spoke about OC￿$5 to justkè at conference5 and network meetings. indudlr4g The Justite Gap in Manchester and Junior Housing Law Prartitioners Associatioft IHLPAI. We were invited to grwe oral evfjdence to the Home Affairs Comrnlttee on access to Justice and to the Public Bill Commlttee on the Renters (Aeforml 8111. LAG"has 55 Current book titles and sold 4.057 copies in 2023. We published 10 issues of tyjr magazine, legal Actlon. We delivered 11 training se55ions. events and conferences. reath￿￿ L272 people. We commenced delivery of our hou￿ftg prolert. funded by Trust for London. This projert wlll develop and dellver ac¢esslble training and resources to frontline advice a4encies and the wlder access to justl communlty on asperts of housing law. This is a m¢)dd of information del￿ery. ensurin8 wider dlssemlnation of the valuknle informion COb)talned In our books. We consulted with rnagazine sub5crTrbers and the wlder legal a￿[ce sector to eNplore new models of infomiatlon resources. We developed • new website, whith irnproved navigation to exlsiin8 Information and will support delivery of a wider range of digital re￿r¢e$. We 5trearnlined book Pfintin8 and purchasi redJclng costs and.1Mpro￿n8 customtt serwce. We received SYPFXt from Cranfield Trust to Impro marketing and financial sustainabslity. We continued to pursue a pro8ramme of rnogernisation. whlth will enable the organTrsation to meet its strategic objectlves. rna￿n￿ changes to governance. Inter￿1 systems and stafTing. We established the Flnance Sub-comrnittte to proylde ereater oversight of our finances. We CoM￿eted updatine our finandal systems and ommenced a revlew of HR system5. We thanged our b¢M)k distributof after 12 Y￿15 to streamline pr￿$$$. provide a prin1-or￿Maftd strvi Iwhich wll Save costs on warehouse storage) and also Impro￿ the ￿S1Omer experlenc& LIG WIH continue to seek fvnding to wpport the modernisatlon I￿raMMe ar*d profrrts tar8etlng the wider access to Justi￿ community- Pa8e 4

LA.G. Educatlon and Servlce Trust Llmlted Trustees. Report Plans for th• future . LAG plans to implement the new strate8ic plan: developiry our campalgning rote. widening our reath K)to the acce$5 to justice tommunity. continuing to work with partners and develop new partnerships and continubng to deliver hi8h44uality legal information and re50urce& Hnandal revl LAG had Income of £423,52512022= E489.0631 and expendrture of E457,40112022- £529.4451. LAG incurred an unrestflcted defiut of £43,876 12022.. deficit of £36.732} for the year and has a combined tot•1 surplus of £33,87612022 £72.1001 in restricted arbd unre51ricted balances at the year end. Income t5 primarily trading Income frorn sale of books. mayzine. trainlng and tonferences •th a small amount. £32,500. in Erant inc)me. LAG Is undergolng a process of.change. In 2023. we completed work to fully update our financial systems. We have wr¢tten down the value of stodE to reftect Inventory and written off bad deb￿ We substantially reduced expendbture by restructuri￿ staffing and d￿ngIng book distributors. We have imiested In new staffing to support publicatlons and tTalning and are projecting an inuease In tradinz Income. Our magazine will move to dlÈital fuiiirdL iri SevleriiL￿I 2024, thu5 ellrnlnatlng prfnr and dlstNbuTlon costs, as well more e3sIty allowi improvement to the product quality and accessibility. We also plan to increase revenue from trusts and foundations to support Im￿ell￿ntatI0Tr of the new strate8ic plan. As a result of the changes above. LAG saw a defidt for the 2023 year. Thls was expect￿ as some of the cost.cutting measures were implemented in late 2023 and the fvll benefits will ￿ T￿l￿ed in the followlng financial year. We antiapate retyTnineto surplus in 2024.. Reserves polity The trustees aim to malrrtain free resewve5 in unrestricted funds at a level that equate5 to between three and six rnonths of unrestricted charitable expenditure. The trustees conslder that thls le4el is r￿eSsary to protert against flurtuations in trading Income and against drop5 in grant income. The balance held as funds as of 31 December 2023 was £38.224. of whith £28.224 are regarded as free reserves. against an actual three month spend of £121,259. The current level of reser¥es 15 therefore below target and the tr￿tee$ antkipats that thi5 wÉll remaln the case in the near to medlum term while the organtsrtion undergoes a period of transformation a5 tt executes Its strate8ic plan. Risk m•ft•gement Tlw trusttts are in the process of conducting a review of the key rlsks to whlch the tharity is currently exp95ed. Mltigaiing artions will be implemented to protett the ongoing stablllty of the tharity and allow the organlsation to execute its long-temi strategk plan. Go¥ernin8 document G. Education and SeThlce Trust Llmited I"LAVI 15 a company limfjted by guarnntee and a registered charity. Incorporated on 8 February 1973. company number 01095￿. and re8lstered as a charity, number 265703, on 21 June 1973. Page 5

LAG.'Educatlffi and Service Trust Limited Trnstees, Report The company was establlshed under a •Aemorandurn of Assoaatbon. whbch e5tsbli5hed the objects and.'powers ofthÈ charftab￿ comparyand Is governed under ItsArtlde5 ofA$S￿l￿tI￿. Tht trustees and offbcers durlngthe year and strKe the year end were a5 ftsllows: Trustees: Olumide Adlsa {appobnted 24 March 2023) Jullan Allen Rosallnd B Katrlna Crossley lappolnted S September 20231 Amanda Groves lappolrrted 24 Marth 20231 Charlotte Hu8hes LLsa Linde Alast￿ Logan (appointed 11 prll 20231 Adfiano Mofaes lappolnted 30 Marth 20231 Rl¥ers (resigned 27 June 20231 Jtsnathan Robins Heather Thomas Ires￿r￿ 2 January 2023) Appolntm•nt of t￿￿¢¢$ Recruitment to the trustee board is by elertlon and co-option. At the 2021 Annual Genernl Meeting IAGMI. the trustee5 on the board who had served for two years Tesi8ned and elertions were held for new trustees. The Memorandum ?nd Artides of a550ciation provided for 11 trustees to be elected and 7 to be Cwpted. 0ry4nlsatloNI 5tryLtrre and ddsion maki LAG is both a reglstered charlty and company limited by guararrtet. A b￿rd of ten tn￿tee$ and &irectors is respon￿ble for the governan￿ and strategit management of the organtsation. Board members are elerted at an AGM of all members and meet ewy three months throughout theyear. A staff team offi¥e is managed by LAGS chtef eXe0J￿ officer. All trustees. who are 0 directors. give th*r time freety and none of them receryed remuneration in the ye•r. The pay of the Chief Exe¢utlve offi￿ I"CE(Yl 15 reviewed annually. along with staff salartes. Statement gf iru5tees' respmsibiliti•s The trustees Iwho are also the directors of L￿G. Educatlon and SeThice Trust Limited.for the purposes of company lawl are responsible for preparing the trustees, rewl and the fin•ncial statements In a¢¢ordance with applitable law and United Kingdom Accounting Standards IUnSted Kiredom Generally Accepted Accounting Practice). indudTrng FRS 102 'The Financjal Reporting Stsndard appliuble in the UK and Republk of Ireland" Page 6

L￿G. Educatim and Service Trust limited . Trustees. Report Company law requires the trustee5 to prepare finontial statements for eath financial year. Under company law the trustee5 must not approve tr* flTrancial ststements Unle￿ they are satisfied that thty give a trut and falr view of the state of affatrs of the Charttable company and of the ￿n￿MIng resources and application of resource5. including its income and expenditure. of the charltable compary for that period. Prepari￿.the$e finanaal statements. the trustees are requlred to: select suitable ac¢ountlng pdicies and apply thern consi5tenthy: observe the methods and prlnciples in the Uiarities SORP. make jud8ements and estimates that are reasonable and prudent-. stste whether applicable accounting 5t•ndards. comprisirvd FRS 102 hwe been followed. subject to any material departures disch￿d and explained In thefinandal statements: and . prepare the financial statements on the golng concun basls unless ￿ Is Inappropriate to presume that the charitsble company will contlnue In buslness. The trusiees are responsible for keepiry proper accounting records that tan disth)se wtth reasonable accuracy at any time the financial posltion of the tharstable company and enab￿ thtm to ensure that the financlal ststements comply wilh the tompanies Act 2(K6. are al￿ respO￿lbIe for safeguarding the assets of the charitable compary and hence for ta￿n& reaSona￿e steps for the prevention and detertion of fr•ud and other irregularities. The trusiees are responsfjble for the Maintenan￿ and integrity of the corporate and firianclal informatlon included on the charitable company's website. Legislation go¥ernin8 the preparatioft and dissemination of finandal 5tstements may differ from 1egbsla￿0n In other jurlsdictyons. The annual report Was approved by tht trustees of the tharity on 31 July 2024 and si8ned on its behalf by: . Adriano Moraes Trustee P4è7

LAG. Education and Ser¥lce T￿￿ Ljrnlted Independent Examlner's Report to the trurtees of L.AG. Edu¢atlon and SeThI￿ Trust Llmited ('the Company.) I report to the charity trustees (who are also Directors for the purpose of company lawl on my examlnation of the accounts of the LA.G. EdU￿tIOn and Service Trnst knmfted I'the tharitsble wmparfl for the year ended 31. December 2023 which comprlse the5tatement of fv"nancial Actiwtles, the Balance Sheet and related notes. Thls report Is made soldy to the tharitrfs trustees. as a" body. In attordance with sertion 145 of the Charbtfjes Acl 2011. My work has been undertsken so that I might state to the d￿rI￿$ trustees those rnatter5 1 am required to statè to them In thls report and for no othtr purptsse. To the fullest extent permitted by law. I do not accept or assume responsi￿.￿lty to anyone other than the tharity arttl the chaiity's trustees as a body. for my work. for this report. or lor the.opinions I hawe formed. R•sponsibilittes and Iwsis of ieport As the Charitys trustees of L.KG. Eduutlon and Sew¥lce Trusi Limtted you arn résponslble for the prep?ratigri of the accounts In accordance with the requlrements of the Companies Act xfj61.the 2¢J% Acfl. Havlf8 satiSf￿d myself that the actounts of LAG. Education and Se1￿￿'Trust Llmlted are not requlred to be audited under Part 16 of the 2006 Act and are elleible for independent examination. I report in re￿e¢t of my txaminatlon of your chariWs accounts as tathed ovt under seCt￿1n 145 of the Charotles Act 20111.the 2011 ACVI. In carrying out rn¥ examlnatlon I have followed the DirectH)ns gi¥en by the Charity Comrnission under sectlon 14515llbl of the 2011 ACL An IndepeThJent exarnination does not in¥ofve 8atherin8 all the e4rdtnte that would be required in an audit and eonsequentty doe5 not t¢wer all the matters that an auditor considers In 8lvin8 thelr opinion on the nnancial statements. The planning and condurt of an audrt goes the limited assuran￿ that an Independent e¥amlnatlon can provide. Consequentty l express no opinlon.as to whether the financial statements present a 'trve and fairf and my repxt is limlted to those spedfic mattÈWS set out In the Independent examinerfs statemenL Independent &xaminerf5 ￿atefflent Since LA.G. Education and servi￿ Limrted's gross tno)me exceeded £250.(D) your examlner must be member of a body listed In section 145 of the 2011 Art. 5 confinn that t am qualified to undertake the examlnation because l am a membef of ICAEW. whith Ks one of ihe listed bodles. I ha¥• tompleted my examination. l a>nfiTm that no matters have come to rny attentlon In comectlon wlth the examlnation goving me ouse to bel￿e. accounting records t*ere not kept in respert of LLG. Education and Seryice Trust Limited a5 roqulred by section 386 of the 2CK% Act: or 2. the accounts do not acu>rd wlth those records; or 3. the accounts do not comply wlth the accountirvd requirements of sectlon 396 of the 2006 Act other than ny requirement that the accounts we a 'true and fasr Vie￿ whith is not a matter CO￿ldered as part of an independent examination: or 4. the accounts have not been prepared in accordance with the methods and prlnciples of the Statement of Recommended Pracllce for accountlr¢ and reportong by charities applKzble to charities preparlng thelr accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republrc of Irèland IFRS 1021. Pw8

LAG. EducatS0ri and Service Trust ilmited Independent Examlnees Report to the trustees of LAG. Educatlon and Ser¥ice Trust Llmfted q*he Cornpany.) I have no concerns and have come across no oiher. matters in connertion with the examlnation to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reathed. rim Sulllvan FCA ICAEW 9 Hare & Billet Road Blackheath SE3 ORB.

Totsl Yotal DtsNtx)n5•ndlopi tharitable￿￿￿ 32,5C4) ,871 466.423 7W 22,631 466A23 3S6.8 Totsi1r￿￿rne 423.$25 4B4.1%3 t¥per4ttureo CharrtabJCt￿ft￿5 34,m) 122,5)¥ 1457 (SI7￿35) 112,41 152Y,4451 Tptslexpen￿Iwe 22. 12.4 529.445 Netm(r4ement in fur {43J761 {33.876 13&7321 13,6X)I 1),3821 Toral fvnd5bmu8htfw4 72,lQ) 3,650 112,412 TorJlfvnd5caThiedfrr 28.224 38.224 71.IC ￿e1￿d$￿eakdDTrwC<IO22 i5%knffiknTr)te 11.

L￿6...Edu&ltIOfi and SeTViQ,T.rus¥iimit'ed {RegIstratI￿}￿umber..￿109sO65j Ba"lanceSheet as at31 December. 2023 2022 Fixed assets Tangible assets 12 1770 3.792 Stocks 13 47.478 33.881 106,297 J&. ..7.1..995 68.948 48,727 Debtors Cash ai bank and In hand 14 187,656 189.670 Creditors: Amowrts f•Hiry due T*rithln onèytar 1119,0681 197,2511 68.588 92.419 Total •ssets less wrrent liaWrtie5 71,358 96.211 Credltor5: AMountsfaHI￿ du• aft•r moreihan ¢)ne 16 127,3741 {24.1111 pro￿$￿ 17 15,7601 14et •ssets 38,224 72.ICIO Funds ofth• tharity- fte5trlrted intomÈ funds Restrirted furKIs io.(x)o Vnrèstricttd Sncomefunds Unrestricted furbds 28,224 72,1 Total lunds 38.224 72.1(M) For the financlal year enthng 31 December 2023 the tharity was entitled to exemptlon from audit under sertion 477 of the Companies Act 2(th relatiry to ynall com￿nieS Dlrertors. re5pon%bilities: The rnember5 have not required the tharity to obtain an audit of its accounts for the year In questlon In accordance with sedion 476: and The dlrectofs acknowledge th￿r resP￿tI￿lI￿e$ for complying with the requirements of the Act wlth re5pert to ar￿untIng records and the preparntion ofaccount& The notes.ori.wKes.13.to 23 forni'aTrinteBral parb.of these finartcSal:3tstemen eaee li

LLG. Educatlon and Seryice Trust Lbnlited (Reglstratlon number. 01095065) BalaTr￿ Sheet a$ at 31 December 2023 The financial statements on page$ 10 to 23 werè approved by the tntstees. and authorlsed for issue on 31 July 2024 and signed on their behalf bv: Adrlano Moraes Trustee Thè notes on pages 13 to 23 fomi an Integral part ofthese fmindal stateM￿ts. Page 12

LAG. Education and Service Trurt Llmited Notes to the Flnanaal Statements forthe Year Ended 31 December 2023 I Charity status The charity is limited by euarantee, incorporated in England and Wales. and consequently does not have sharè czpital. Each of the tTUStees is liable to contribute an amount not exceedin8 £1 towards the assets of the harity in the event of Ilquldatfjon. The address of its reglstered office 15: 2nd Floor Gatehouse Chamber5 l Lady Hale Gate. WCIX 8BS Th￿e financial ￿￿ements were authorised for Issue by the instees on 31 Juty 2024. 2 A¢￿￿MtInI policies The principal accounting poI￿leS applied in.the preparation of these fimndal statements are set out below. These polldes have been consisten￿V a￿led to all the years presented. unless otherwise ststed. Stat•m•nt The financial statements have been prepared in accordan￿ wlth Attounting and. Reporting by Charities: Statement ol Recomrnended Practke applicable to charitie5 preparing their a¢￿￿￿t5 bn accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 leffectTrve l January 20191- (Charities SORP IFRS 1021- Second editi¢)rt October 2019}. the Financial Reporting Standard applioble In the UK and Republic of Ireland IFRS 1021. Thty also comply with the Companies Act"2006 and Charrties Act 2011. L.A.G. EducatioTrand Seryice Trust Lirnited meets the definltion tif a PU￿1¢ benefit entity under FRS 102. Assets nd Ilabilities are Initralty recognlsed at hfjston.cal cost or transaction value unless otherwlse stated In the relevant accounting policy notes. In the application of the chariivs a£counting polities. the directos are requlred to make JudgemLmts. estimates and assumptlons about the carrwng amount of assets and liabilrties that are not readily apparent from other sources. The estlmate5 and assoaated assumptions are based on histortcal experience and other fartors that are consldered to be rethnL Artual results may dlffer from these estimates. The estlmates and" underlying assumptlons are reviewed on an onRoing basls. Rwsions to accounting estimates ère recognised in the peri¢)d5 in whrth the estimatè is revlsed where revislons affects only that persod. or in the s>eriod of the re4islon ar￿ future period5 where the re4isioAs afferts both Cu￿ent and fvture periods. Page 13

LAG. Educatlon and servi￿ Trust Llmited Notes to the Flnandal Statements for the Year Ended 31 Dettmber 2023 Goiry concern The flnandal statements have been prepared on a goin8 concem bJ5Ls. The trustees assess whether the use of going concem is appropriate i.e. whether there are any material uncertalntles related to events or conditions that may cast 5￿MIfI￿nt doubt on the ability of the tharlty to continuè as a going concern. The trustees make this assessmert in ￿$pert of a pertod of one year from tr date of approval of the financlal statement& For intame. there was a drop in book sales aThJ trninlng Income compare(I to 2022 dye tr• a revlew of these posts, in line with LAG'S medlum-lorv4 term strategy. and changeover in staff. There is a dear vislon for these departments and income Is experted to inuease from 2024 onw•rds. For expenditure, this dropped in 2023 in line wrth LAGS strategy to streamline and reduce costs where Posslble. Many measure5 We￿ implemented In 2023, with ¢)ngoin8 c05t redurtion otturrin8 in 2024. Once the key restructuring and cost-reductirth measures have betn Implemented in the organi5ation. LAG expects to see an increase in unrestilcted fvnds auoss books, training & magazlne as these offerings are Improved. It is also expected that grnnt fvndine will increase as the organisation'now has a dear view of LAG'S Strat￿ over comlry years and will be in a stsble position totarw and carry ¢)ut specbfic projects. lrtom• and •ndowm•rts All income is recognlsed once the tharity has entmement to the income, it is probable that thè Income wlll be received ènd the amount of the inamne receivabl ¢4n be measured reliabty. Cash donations are fecognlsed on receipt Other dona￿on$ are recognised Or￿ the charlty has been notlhed of the donati¢Jn. unless performance conditions require deferral of the amount. In¢ome tax recoverable In relation to donatlon recelved under G]ft Aid or deeds of co¥enafit bs recognlsed at the time of the donation. Income from grants are reco8nised when the charity has entitlement to the fund5, any perfsjrniante conditlons attached to the grants have been met It b probablt that the income will be received and the amoiint can be measured reliably and Is not deferred. These grants tend to be for spedfic purp05e5, for example. the 7rttlng of a report, and re therefore tre•ted as restuted fI￿dS. Income received for future tourses and Legal Action Magazlne and Ce￿1 subsulptions received In advance are deferyed until the charity is entitled to these arAounts. The amount are.reallsed to the statement of flnandal aCtI￿tIeS in the period to whlch It relates. Deferred Ircome rwesents amounts rcei¥ed for future periods arKI is reknsed to Incomlng resources in the perlod forwhlch. It has been recelved. Suth Income Is only defwTed when: -'The donor specifies that the 8rart or donation must only be used In future accounting periods": or - The donor has Impostd conditions which must be met before the tharoty has unconditional entitlement. P14

LA.G..Edu¢ation and 5*vice Trnst ilmlted Notes to the Flnanrial statements for,the Year Ended 31 December 2023 Expendlturn All expenditure is re¢ognlsed onte there is a legal or constmctfve ob5ytion to that expendlture, it 15 probable settlement Is required and the amount can be measured reliab￿. All costs are allocated to the appllcable experKliture heading that aggregate similar costs 10 that category. Where costs cannot be dFrectly attrbbuted to partlcular headings they have been allocated on a basts conslstent with the use of resource4 with cenlial staff tosts allocated on the basis of time spent. and depretiation tharges allocated on the portw of the a5sefs use. Other support costs.are allO￿ted based on the spread of staff costs. Charltsble eypendlture comprtsts those ¢osts inojrred by the charity In the delNery of its activities and seThlces for its benefiaarÉe% It includes both costs that can be allocated dlrectty to suth actiwties and those costs of an indireet nature necessary to support them. Support costs iipport wsts indude cetbtidl IuiiLtivrLs aivj have been alltxated to attlvity cost categorles on.a bas consistent with the use of resource5. for example. allocating property costs by floor area5, or per tspltè. staff costs by the tlrne spent and other cos15 by their usage. These include the Costs attrlbutaWe to the charitrfs compliance wlth constitut4onal and statutory requirernen15. indudrng audit. Strategic m￿aBernent and trustees meeti￿$ and reimbursed expense5. TaxatloTr The charity is considered to pass the tests set out in Para8raph I Schedule 6 of the Finance Art 2010 and therefofe It meets the dèfinition of a charftable company for UK corpor?tlon tax purpose5. Accordingly. the charity is potentlally exempt from taxation in respect of income or capital gains recelved wlthln categories vered b'y Chapter 3 Part 11-of the Corporation Tax Act 2010 or Seclion 2% of the Taxatlon of Chargeèble Galns Art 1992, to the exient that such Income or Bains are applied exdusively to chaTltable purposes. Tan￿ble flxed as5•ts Individual fmed assets costing £200 or more are Initially recorded at cost. less any subsequent acojmulated depreciation and subsequent accumulated impaim)ent losses. Depre¢l•tl¢)D •ftd amortisation Depreciation is provlded on tanw.ble fixed assets so as to write off the cost or valuation. less ary estimated residual value. over thefir exWed usefvl economk life as foll¢)ws: AH•¢ da$$ Flx¢ures and fittbngs Deprffl¥tlon method and rate 33.33% straightline Sto¢k Stock Is valued at the lower of cost and e5tlmated selling prite le5S tosts te Complete and sdl. after due regaNi for obsolete and slow moving stocks. Cost is determined using the firSt￿fi. first-out IFIFOI.

LLG. Educatlon arKI Service Trust Umited Notes to the Flnanclal siatements. for the Year Ended 31 Clecember 2023 Trade dèbtors Trade debtors are amounts due from uJstomeTS for merchandtsè sold or senthces performed in the ordlnary course of busine55. Trade debtor5 are rew1$￿ inltially at the transartion price.. They are Subsequently measure¢l at amort4sed cost using the effertive rnterest rnethod. less provlsion for impairment. A provls4on for the Impalrment of trade debtors 1$ establlshed when there is obje￿1¥t evldence that the tharity Wbll not be able to collect all amounts due accordlng to the original terms of the receiv4bles. Cash and ¢•sh eqthlents Cash and cash equNalents comprlse cash on hand and call deP￿lts. and other short-term highly liquld invèstments that are readity convertible tt> a known amount of cash and are subjert to an Insignificant rlsk of change tn value. Trad• £r•dlto"rt Trade ¢redltor5 are obligaiions to pay for goods or service5 that FMve been a¢qulred In the ordinary courst of business from Suppliers. Attounts payable are classified as current 11a￿lItIeS rf the tharlty doe5 npt have an unconditional r4ght, at the end of the reportln8 period. to defer setdement of the creditor for at least twelve months after the reporting date. If there is an unconditional T￿ht to defer settlement for at least twelvè months after the reportin8 date. thty are presented as non-current liabllitie Trade cred5tors are recognlsed intwally at the transathon prke and subsequently measured at arnortised cost usin8 the effectNe interest method. Borrnwlny . Interest-bearinB borrowings are initially recorded at fair value, net of transattlon tost& Interest-bearing borrowirbgs are subsequentty carried at amortLsed C￿t. with the difference between the pr¢xeeds, net of transaction costs. and the amount due on. redemption belng retognlsed as a charge to the Statement of Flnandal Artlvftles o¥er the period of relevant borrowh Interest expense is ￿COgnised on the of the effecti4p interest rnethod and Is Included In Interest payable and slmllar charge5. Borrowlngs are dassified as curreni liabilitles •Jnless the charty ha5 an uncondltlonal r*ht to defer settlemènt of the Ilablity for at least tsel¥e months after the rewlin8 date. Pr(WI￿on> Provision5 are recognised when the tharlty has an obligation at the reporting date as a result of • past event, It Is probable that the tharfjtywill be required to settlt that obligatlon and a reliable estimate can be made of the amount of the obligation. FurA ￿l￿rtUre Unrestrlcted income funds are g¢rtèral funds that are available for use at the trustees thscretion in fvrtherance of the obkctlves of the charity. Page 16

LLG. Education and Service Trust limited Notes to the Finanaal Statements for the Year Ended 31 December 2023 Restrlrted irtcome funds are those donated for use in a particular area or for specific purposes. the use of whlch Is restricted to that area or purpose. Pensions and oth•r post relirement obfryations The tharity operates a.'defined contrlbution pension xtheme which ￿ a penslon plan under which fixd contrlbutlons are paid into a pension fund and the charity has no legal or constructNe obligallon to pay further contributions even if the fund does not hold suffident assets to pay all employees the benefits relatlng to Èmployee service In the current and prior periods. Contributions to defined contrlbutlon plans are rew8ni5ed in the St•tement of Nnancial Activities when they are due. If contribution payments eX￿d the contributlon due for seryice. the excess is rgco8nised as a prepayment. a Income from doiwtions•nd I￿5 funds G¢ner•l Tot•1 2023 Totsl 2022 funds Sponsorshlp Membershlps Appeals and donatlons Grants 3.3 5,880 24,964 32.SCKI 4.850 7,069 L952 8.760 24.964 32,5Ql 34,144 32.51YJ 22,631 4 In¢ome from tharit•bl• acti¥itses Total 2023 Total 2022 Gtneral Legal action magazine Book sales 134,042 213.837 9,(4)1 134.042 213,837 9.(Ql 133.874 305,227 27.372 Courses Income 356.880 356.880 466,423 5 Investment inrom• funds T•)tsl 2023 T¢)t¥l 2022 Interest reed¥a￿e on bank d•p05its . Page 17

LLG. Education and Ser¥lce'Trust Llmited Notes to the Flnandal Statements forthe Year Ended 31 December 2023 funds Total .Total . fuiids Other direct Costs 155.469 155.469 235,621 Pro Bono wowk & Rtyalty Donation Depreciatlon of f￿re5 and fittiF Webslte malntenance and development Staff costs 2.863 2,863 2,873 17.979 98.235 146.755 17.979 120,735 146.755 13,999 142.876 134,076 io 22.500 Support costs 434.901 22,5C(I 457.401 529,445 In addition to the expendlture anatysed above. there are also governarKe c95ts of £146.75512022 - £la4,0761 which relate directly to charltable actimties. See note 7 for further det)il& 7 An•lpts oflowmn￿ 4Th1 support Costs Support (g>sts nds Tot•1 2023 Tot•1 2022 Wages and salartes Telephone Sundrles 101.033 328 101,033 328 85.26S 325 9.495 21.259 4.982 471 9.495 21,259 4,982 471 5,620 20.680 4.751 577 Office expenses Computer software and maintenance Prlntln& postage and slationery Audit of 2021 accounts Independent examlnatitin Legal and professtanal Bad debts written off Bank charges Membership 2.2f 13 2.250 2,054 2,403 3.336 1,915 13 2.799 2.413 1.762 2.799 2,413 1.762 146.755 146.755 134,076 Page 18

LAG. Education and Servite.Trust Limited Notes to the Fimnual Statements for the Year Ended 31 December.2023 No trustees. nor any perso￿ connerted wlth them. have received any rernuneration from the charity during the year. 9 Taxatton The charity Is a le￿$tered ¢harfty and is therefore exempt from taxation. 10.Staff costs The aggre8ate payroll costs vlere as follows: 2023 Sl•ff'cost$ durlry the were: Wages and salarles Soclal securlty costs Penslon costs 189.919 12.848 10.951" 6.757. L293 14.389 Cornpensatlon payments Other stsff costs 1.075 221.768 228, 141.. The rnonth￿ average number of persons (including senior management I leadership team) employed by the harlty during the year expressed as full time equiv•lents w•5 as follows: 2023 No 2022 Adminlstratlon Publishing Editoflal Tralning & ¥nts No èmployee received emoluments of more than E60.(XXI duringthe year. 11 R•l•t•d p•rtytransKI¢ There were no related party transKU¢￿ In the year.

L￿G. Educatlonand Servlce Trust Umlted Notes to the Hnandal.Statements for the Year Ended 31 December 2023 12 Tanglbl• r￿d ws¢ts Fumfture and equipment At l January 2023 Addltions 9,211 1,841 9,211 1,841 At 31 Decernber 2023 11,052 Depred•tlon At l January 2023 Charge f¢)r the year 5.419 2.863 5,419 2,863 At 31 December 2023 ,8,282 8,282 book value At 31 December 2023 2.770 2.770 . At 31 December 2022 3,792 3,792 Stsck 2023 2022 Stocks 47,478 71,995 14 Debtor 2023 Trade debtors 22.488 9,484 .49,780 .12.454 Prepayrnents Accrued income Other debtors 1.219 6,714 33,881 Pay 20

L￿G. Edu(lon and Service Trust Umited Notes to the Finandal,Staternents for theyear Ended 31 December 20Z3 15 credi￿￿&. •Mow￿ duewFthMn yt•r Bank loan5 Trade creditors 4,295 39A19 1.087 1.391 16,811 55.665 10.724 VAT Pension Accruals 9,415 49.357 Deferred Income 119,068 97.251 16 cpdhafL' amouMsi4lllw" due •ftér oneyèat. 20 2022 Bank loans 27.374 24,111 Bank loan Payable withln one year Payable after one year 4,295 27.374 10,724 24.111 31.669 34,835 17 Pro¥isioM ￿nb￿l￿n$ Tot41 Credlted to the statement of reCcen1s￿ gains and Ic&ses 5.760 5.760 Potentral repayment to HMRC for over-ckimed tax rel￿f on penslon* Ongolng Investigatiry 15 undenvay where LAG will work alongside HMRC In Identifyiry rfthere is an o¥er4aim and how to repay thi& P48e. 21

LAG. Edu(atlffi and SeNl¢e Trust.iimited Notes to the Flnandal Statements for the Year Ended 31 Oecember 2023 18 Funds Balw at I In¢orni B•l•n¢• at 31 Dotember 2023 expended Unr•rtrfd•d funds General funds 72.1(Kl 39L025 1434.9011 28,224 The Law Society Trust for London io.( 22.SlXI io,oco 122,5001 32,XKJ 122.5001 10.0 Tot•1 luna 72.1￿) 423.525 1457,4011 38,224 8•laA¢e al I January 2022 Fncomi Bal•n¢• at 31 •xpend•d Dvcember 2022 Unrnslrided fimds General 108.832 480.303 1517,0351 72,1Tr) Restrlrttd funds LEF Red Pentil Grant 11.0901 11.9661 15941 {8.7601 Access to justi￿ Fund- Mypav Lelcester Law Society Therlum Grant 8.760 3.650 8.760 112.4101 Tot•1 lunds 112.482 489.C*3 1529,445 72,1Tr) P•ge. 22

LAG. Education and Service Trust Umited Notes to the Flnan¢ial Slatements for the Year Ended 31 December 2023 The specTrfK purposes for whith the funds areto be applied are as fo11ry4￿. The LEF Red Pencil Grant- Fund marketin8for the sale of the 8renda Hale book The Access to Justice Fu*￿- Used to consolidate the MyPty project wthlch is an Interartive Ernpl¢)yment Law online tool io help the public access advsce regardi￿ ern￿ment probknis. Leicester Law Sotleiy - thls is fundiry to cover the costs of distribution of Equal to Everythlng {Brenda Hate bookl to xhools to Leicester in 2021. Thtrium Access LlmSted-A grant used for the Duty Posses￿l)n . A prxtital Guide for the book and trainin& Trust for London Grant - to support the cost of the deVelo￿The￿t of a comprehensive model of houslng tralning and resources whlth reach wider audiences. -.Law Society Grant- to supwt coSts'of"publ￿hlng"the Lryal.Ald Handbook12024n51:.- 19 Analysis of net assets b•tw•eThlunds Total fvnds at 31 D•¢•mber 20U fi•nds Tangible fixed assets Current assets 1770. 177.656 2,770 187.656 1119.0681 127.3741 {5,7601 10.1 Cufrent Itabilities Creditor5 over l year ProvFsions {27.3741 15.7601 Total net assets 28.224 10.0 38,224 T4)tal funds at 310e¢ember 2022 funds General Tangible fixed assets Currènt assets 3.792 189,670 197.2511 124,1111 3.792 189.670 197.2511 124.1111 Current liabilities Creditors over I year Total net assets 72.100 72,IC#) Paee 23