## Lindale Educational Foundation 

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS 30 September 2022 

Charity Registration No. 282758 



## Lindale Educational Foundation FINANCIAL STATEMENTS for the year ended 30 September 2022 

||**INDEX**||
|---|---|---|
|||Pages|
|Ofcers and Advisors||1|
|Trustees’ Report||2|
|Trustees’ Responsibilities||4|
|Independent Examiner’s Report||5|
|Statement of Financial Activities||6|
|Balance Sheet||7|
|Statement of Cash Flows||8|
|Notes to the Financial Statements||9|





## Lindale Educational Foundation 

OFFICERS AND ADVISORS _Page 1_ 

ADDRESS: 1 Leopold Road London W5 3PB 

TRUSTEES 

Netherhall Educational Association Greygarth Association Dawliffe Hall Educational Foundation 

INDEPENDENT EXAMINER Sheila Parry FCCA SPX Oxford Ltd 19 Paradise St Oxford OX1 1LD 

## BANKERS 

Natwest plc Kensington Royal Garden 55 Kensington High Street Kensington London W8 5EQ 



## Lindale Educational Foundation 

TRUSTEES’ REPORT _Page 2_ 

The trustees submit their report and the financial statements of Lindale Educational Foundation for the year ended 30 September 2022. 

## THE CHARITY’S PRINCIPAL OBJECTS 

The Charity’s principal objects are for the promotion of the Roman Catholic religion and the advancement of education, and in furtherance of the foregoing: 

- 1 To train priests. 

- 2 To assist in the establishment, extension, improvement and maintenance of churches and chapels oratories and other places of worship. 

- 3 To assist in the establishment, extension, improvement and maintenance of university halls or halls of residence for the reception of bona fide students of all nations. 

- 4 To arrange and conduct courses camps, study centres, meetings, conferences and seminars. 

- 5 To assist by the provision of grants, scholarships, loans or donations the pursuit of education or research by individuals or groups of students. 

- 6 To assist by the provision of grants, scholarships loans, or donations such persons or companies (whether or not in the UK) and in such cases as shall further the object of the Foundation. 

- 7 To assist in the establishment, extension, improvement and maintenance of any charitable centres for the time being of Netherhall Educational Association, Greygarth Association and Dawliffe Hall Educational Foundation Limited, notwithstanding that such companies may be the trustees of the Foundation. 

## ORGANISATION 

The day-to-day organisation is looked after principally by one of the corporate trustees whose representatives monitor the running of the Charity in accordance with the agreed aims and need of any particular year.  The annual accounts, reports and policy are agreed by the Trustees.  The work is carried out entirely on a voluntary basis and no salaries are paid. 

## RESERVES POLICY 

The Charity owns no property and its assets are only the bank balance, and it has no further reserves. It allocates the income received from donors to support different ventures in keeping with its principal objects, the amount depending on the level of donations obtained in any one year. Each year the income received is expended in furthering the Charity’s objectives and it has no further investments. It has no specific forward commitments or contractual requirements to fulfil financial obligations, and as such there are no risks involved. The Charity does not expend more than it has available, and thus does not go into deficit. 

## RISK MANAGEMENT 

The trustees have examined the major strategic and operational risks which the Charity faces and confirm that systems are in place to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. 

## CURRENT YEAR 

Donations received during the year amounted to £35,925 compared with £54,442 in the previous year. With the loosening of Covid restrictions compared with those of 



the previous year there was a greater opportunity to fund the activities which the Charity usually supports.  A grant of £32,000 was awarded to Thornycroft Hall, a centre for retreats and study activities run by the charitable Siddington Trust Limited; and grants of £10,500 were also made to Wickenden Manor in Sussex, a retreat and educational centre operated Netherhall Educational Association. 



## Lindale Educational Foundation 

TRUSTEES’ REPORT _Page 3_ 

## PUBLIC BENEFIT 

The Trustees confirm that in accordance with section 4 of the Charities Act 2006 they have due regard to public benefit guidance published by the Charity Commission. They confirm that the activities of the Charity are for the benefit of the public in general. The level of donations in any one year dictates the possibilities for grant-aid. 

## GOING CONCERN 

The trustees consider that there are no material uncertainties as to the Charity’s ability to continue as a going concern. 



## Lindale Educational Foundation 

TRUSTEES’ RESPONSIBILTIES _Page 4_ 

The trustees acknowledge that it is their responsibility to prepare statements of account for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that period. In preparing these financial statements, the trustees are required to: 

- Select suitable accounting policies and then apply them consistently. 

- Make judgements and estimates that are reasonable and prudent. 

- Prepare the financial statements in accordance with the methods and principles set out in the Statement of Recommended Practice Accounting and Reporting by Charities and to state whether or not the accounts have been prepared in accordance with that statement and applicable accounting standards. 

- Prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation, 

The Trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity’s transactions and to disclose with reasonable accuracy at any time the financial position of the Foundation, and to enable them to ensure that any statements of account comply with the requirements of the Charity Act 2011. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees believe the Financial Statements for the year ended 30 September 2022 have been prepared in accordance with the above responsibilities. 

Signed on behalf of the Trustees: 

London, 7.6.23 



## Lindale Educational Foundation 

EXAMINER’S REPORT TO THE TRUSTEES _Page 5_ 

We report on the accounts of the Trust for the year ended 30 September 2022, which are set out on pages 6 to 10. 

## **Respective responsibilities of trustees and examiner** 

As set out on page 3, as the charity’s trustees you are responsible for the preparation of the financial statements. 

The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. 

It is our responsibility to 

- examine the accounts under section 145 of the 2011 Act; 

- to follow the procedures specified in the General Directions given by the Charity Commission under 

section 145(5)(b) of the 2011Act; 

- and to state whether particular matters have come to our attention. 

## **Basis of independent examiner’s report** 

Our examination was carried out in accordance with the General Direction given by the Charity Commissioners. 

An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the next statement. 

## **Independent examiner’s statement** 

In connection with our examination, no matter has come to our attention: 

(1) which gives us reasonable cause to believe that in any material respect the requirements, 

   - to keep accounting records in accordance with section 130 of the Act; and 

   - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act. 

   - have not been met; or 

- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 


Sheila Parry FCCA 



SPX Oxford Ltd 19 Paradise St Oxford OX1 1LD 

DATE: 12 June 2023 



## Lindale Educational Foundation STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2022 _Page 6_ 


|_Not_<br>_e_|_Unrestrict_<br>_ed Fund_<br>_£_<br>_Restricted_<br>_Fund_<br>_£_<br>_Total_<br>_2022_<br>_£_<br>_Total_<br>_2021_<br>_£_|
|---|---|
|INCOME||
|Donations<br>2|35,925<br>-<br>35,925<br>54,442|
||-<br>-<br>-<br>-|
|TOTAL INCOME|-<br>54,442|
|||
|EXPENDITURE<br>2||
|Charitable|48,569<br>-<br>48,569<br>51,144|
|Other|450<br>-<br>450|
|TOTAL EXPENDITURE<br>3|49,019<br>-<br>49,019<br>51,144|
|||
|NET INCOME|-13,094<br>-<br>-13,094<br>3,298|
|Fund balance brought<br>forward<br>at 1 September 2021|54,511<br>-<br>54,511<br>51,1<br>23|
|||
|FUND BALANCE<br>CARRIED FORWARD AT<br>30 September 2022|41,417<br>-<br>41,417<br>54,511|
|||





## Lindale Educational Foundation 

## BALANCE SHEET 

for the year ended 30 September 2022 _Page 7_ 

|_Notes_|2022<br>£<br>2021<br>£|
|---|---|
|||
|CURRENT ASSETS||
|Debtors<br>4|17,087<br>20,817|
|Cash at bank and in<br>hand|24,780<br>34,144|
||41,867<br>54,961|
|||
|CURRENT LIABILITIES||
|Other creditors<br>5|(450)<br>(450)|
|NET ASSETS|41,417<br>54,511|
|||
|ACCUMULATED FUND||
|INCOME FUND||
|Unrestricted funds|41,417<br>54,511|
||41,417<br>54,511|



Approved by the Trustees on 7.6.23 



## Lindale Educational Foundation 

## STATEMENT OF CASH FLOW 

for the year ended 30 September 2022 _Page 8_ 

||2022<br>£<br>2021<br>£|
|---|---|
|||
|**CASH FLOWS FROM OPERATING**<br>**ACTIVITIES**||
|NET INCOME/(EXPENDITURE)|(13,094)<br>3,298|
|||
|**_Changes in_**||
|Trade and other debtors|3,730<br>(10,002)|
|Trade and other creditors|-<br>(390)|
|Cash generated from operations|3,730<br>(10,392)|
|||
|||
|Net increase/(decrease) in cash and cash<br>equivalents|(9,364)<br>(7,094)|
|Cash and cash equivalents at the beginning<br>of year|34,144<br>41,238|
|**_Cash and cash equivalents at the end_**<br>**_of year_**|24,780<br>34,144|





## Lindale Educational Foundation 

NOTES TO THE ACCOUNTS for the year ended 30 September 2022 _Page 9_ 

## **1 STATEMENT OF COMPLIANCE** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. 

## **2 ACCOUNTING POLICIES** 

The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2015) and applicable accounting standards. The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements. 

## INCOME 

General donations are brought into account when received and are grossed up to include the tax recoverable. 

## EXPENDITURE 

Expenditure is classified under the principal categories of charitable and other expenditure rather than 

the type of expenses in order to produce more useful information to users of the Financial Statements. 

## UNRESTRICTED FUNDS 

These funds are available for projects of the charity, to be spent at the discretion of the trustees 

## RESTRICTED FUNDS 

Restricted funds are monies available for specific projects being carried out by the charity and are subject to specific conditions laid down by the donors as to how they may be used.  Any shortfall in restricted funds will be met from the general fund. 

## **3 EXPENDITURE** 

|**3 EXPENDITURE**|||
|---|---|---|
||2022<br>£|2021<br>£|
|Grants|48,569|50,694|
|Independent Examiner’s fee|450|450|
|Total|49,01<br>9|51,1<br>44|
||||



## **4 DEBTORS** 

2022 

2021 



||£|£|
|---|---|---|
|HM Revenue and Customs|17,087|20,817|
||17,087|20,817|



## Lindale Educational Foundation 

## NOTES TO THE ACCOUNTS (continued) 

for the year ended 30 September 2022 _Page 10_ 

## **5 LIABILITIES** 

|**5 LIABILITIES**|||
|---|---|---|
||2022<br>£|2021<br>£|
|Independent Examiner’s Fee|450|45<br>0|
||45<br>0|45<br>0|
||||