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2024-03-31-accounts

LandAid Charitable Trust Limited

(Limited by Guarantee)

Annual Report and Consolidated Financial Statements

for the year ended 31st March 2024

Company number: 02049135 Charity number: 295157

Doc ID: 2d429f76469e3f34d6e116d3c68b1196ff511dac

LandAid Charitable Trust Limited (Limited by Guarantee) DIRECTORS AND OFFICERS

Directors and Trustees: Neil Slater, Chairman
Gillian Bowen
Andrew Gulliford
Susan Hickey
Dan Hughes
Gemma Kataky
Melanie Leech, CBE
Claire Milton
Scott Parsons
David Partridge
Richard Rees Appointed 18 July 2023
Anna Stewart Resigned 14 November 2023
Damian Wild
Chief Executive: Paul Morrish
Charity Number: 295157
Company Number: 02049135
Registered Office St Albans House
and Principal Address: 5th Floor
57-59 Haymarket
London
SW1Y 4QX
Website: www.LandAid.org
Bankers: Bank of Scotland plc
33 Old Broad Street
London
BX2 1LB
Lloyds plc
98 Victoria Street
London
SW1E 5JL
Auditors: Moore Kingston Smith LLP
9 Appold Street
London
EC2A 2AP
Legal Advisers: Bates Wells & Braithwaite LLP
2-6 Cannon Street
London
EC4M 6YH

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

OBJECTIVES & ACTIVITIES

Our overarching aims, the issues we tackle, and the changes we seek

LandAid’s mission is to end youth homelessness in the UK. We work to achieve our mission by bringing together a single business community, the property industry, to help tackle this single issue, creating a unique corporate movement for social change. Working exclusively with companies involved in every aspect of property and the built environment, right across the UK, we harness their generosity, ingenuity and creativity to create safe, secure and affordable accommodation for young people who have been or are at risk of homelessness.

According to youth homelessness charity, Centrepoint, in 2022 to 2023, 135,800 young people aged between 16 and 25 across the United Kingdom sought help from a local council as they were homeless or at risk of homelessness. This represents another year-on-year increase, a pattern seen in each of the last seven years. Many of these young people will be sleeping on people’s floors or in inadequate and overcrowded accommodation but a small number will find themselves sleeping rough and, worryingly, there has been a steady increase in that number specifically.

Homelessness does not affect all young people equally – young women, young people from BAME communities, young people with experience of care, and young people who are LGBTQ+ are all more likely to experience homelessness than other groups. While the support needs of each group may be different, the common factor for all young people experiencing homelessness is the need for safe, secure, and affordable accommodation. Working with leading charities across the UK, LandAid’s ambition is to help address this need.

Our short term and longer term aims and objectives

2023-24 was the final year of our current three-year strategy which set out three core aims that have driven activity since 2021:

Our new strategy for the period through to 2029 was launched in June 2024 and set out a clear ambition to build on these achievements, to have a positive impact on the lives of 10,000 young people experiencing or at risk of homelessness, and to create £150m in social value.

Our focus will be on providing and enabling access to safe and affordable homes; on providing employability support; and on developing a range of other programmes designed to provide real benefit and impact on young people’s lives.

You can read more about our ambitions and plans here: https://www.landaid.org/about-us/our-visionmission-values/ending-youth-homelessness-landaids-plan-2024-2029/.

Achieving our aims

As a charitable foundation supported by the property and built environment industry, LandAid:

  1. Offers financial support through grant programmes to frontline charities supporting young people who are homeless.

  2. Brokers free professional property advice for charities across the UK, including both our grant recipients and other charities working with young homeless people.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report

For the year ended 31st March 2024

  1. Provides mechanisms by which companies can offer discounted products and services to youth homelessness charities and those young people they serve.

Our grant-making is enabled through fundraising activity with and by our industry partners, as well as by corporate donations made to LandAid. We are supported by six regional and national boards as well as by networks and groups we have established to promote our work and deepen our engagement across the industry. These networks also help promote pro bono opportunities.

Increasingly, we look to additional and alternative means to engage our industry in tackling youth homelessness, complementing our primary funding and pro bono activities. These include exploring means of introducing social investment from the property industry to youth homelessness charities and testing sector-specific initiatives such as our work with the Build to Rent sector.

Progress against these priorities is described in the Achievements and Performance section.

How we measure success

We record and report the total funds we raise, the total funds provided (or available) for grants, and the volume of free property advice we broker. We also try to measure the impact we achieve, and for the last seven years have requested impact reports from funded charities.

In terms of our free property advice, we normally ask those who offer professional advice to provide a record of the value of the work and time they have donated. We ask those charities who benefit for details of the financial and organisational impact they accrue from that advice.

We have also put significant effort into developing our social value reporting, putting in to practice our Social Value Calculator, which we developed in conjunction with the Housing Associations Charitable Trust (HACT). We discuss this further in the Social Impact & Social Value section below.

Our grant making policy and how it contributes to our aims

We work closely with the Grants & Impact Committee, our board, and with external partners to ensure that our grant making policy and delivery plan are fit for purpose, realistic and achievable.

Specifically, we try to ensure that our work reflects broader initiatives and approaches to tackling youth homelessness. Our delivery plan, for example, aligns with the Positive Pathway for young people facing homelessness[1] , a first in UK grant-making, and illustrates where in the pathway LandAid’s contributions are being targeted.

We recognise the particular challenges and needs facing those young people experiencing homelessness who identify as LBGTQ+, who are female, and/or are from black, minority and other ethnic communities, and increasingly try to award grants to projects that support those groups.

1 https://stbasils.org.uk/about-us/the-positive-pathway/

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

ACHIEVEMENTS AND PERFORMANCE

Review of progress against objectives

The table below reports on the progress we made against our key priorities within the year.

Objective Success Progress in Year
To provide 1,000 units of
accommodation for young people
by March 2024		 During the year, we awarded funding for 371
bedspaces taking us to a total of 1,041 bedspaces
against our 1,000-bedspace target.
To broker £1m of pro bono support
a year for UK charities by March
2024		 We exceeded our 2023/24 pro bono target, brokering
support for 100 projects across 59 charities from 52
companies and recording an equivalent market value
of £1,025,716.
To raise £3.5m in 2023-24 We raised over £4.5m in gross income (£3.5m in cash
and £1m in pro bono value donated)
Specifically, to raise £850,000
from 1500 participants in the 2024
LandAid SleepOut		 We delivered our biggest ever event, with 1366
participants from 185 companies raising over £760k
but missingthe targets we had set.
To invest in, retain and develop our
corporate supporter base.		 We have 22 Strategic Partners and 63 Foundation
Partners, as well as a plan to refresh the partnership
model to increase engagement.
To enhance staff effectiveness,
wellbeing, and motivation		 Using the Best Companies framework, we surveyed
staff and were pleased to be recognised as a “Very
Good Company” to work for.

Our impact this year

Grant-making

The following table shows the number of grants made over the past four years, the total funds awarded, the average grant made, and the resulting bedspaces funded. Please note that the figures for 2020-21 include only Core Grants for bedspaces and do not include grants made under our COVID-19 Emergency Appeal of that year.

The grants awarded in 2023-24 (including those awarded in June 2024, forming the final round of our strategic cycle, and therefore not recorded in this year’s Financial Statements) will realise 371 bedspaces for young people, bringing the total funded and provided (including our BtR bed spaces) to 1,041 against our target of 1,000 bedspaces.

The difference between the totals in the table on the following page, and the final figure of 1,041 is as a result of some projects delivering more bedspaces than planned and accounted for in prior years.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

2020-20212 2021-2022 2022-2023 2023-24
Number of grants 13 25 41 69
Grants awarded (£) £853,220 £1,363,827 £1,423,0353 £2,216,678
Average grant £65,632 £54,553 £34,708 £32,126
Bedspaces provided 102 65 474 371

Innovation in Impact

Recognising the limitations of conventional grant making alone in achieving our bedspace target, we continue to progress innovative approaches to delivering impact. Our board-level working group has met through the year to explore ways in which we could enable social investment to deliver bedspaces across the country. Progress has been a little slow, but proposals are taking shape.

Supporting young people into meaningful work

We began work with SEGRO in 2021 to explore ways in which we could further develop the charity partnerships they had funded over previous years, by providing opportunities for employment. This work has grown with two additional companies supporting our work - Landsec and Hilton UK Foundation – and together we have joint funded four pilot employability projects across the UK which have supported 142 young people, 18 of whom have secured paid, permanent employment.

This area of work will now be a mainstay of LandAid’s offer to our charity partners, providing sustainable routes out of homelessness for young people and to provide the real estate industry with the tools and knowledge it needs to support vulnerable young people into the workplace.

Developing innovative solutions to youth homelessness with the Build to Rent sector

We continued to work with the Build to Rent sector to allocate small numbers of units at heavily discounted rents, and for fixed terms, to charity partners for the young people they support. During 202324, we secured an additional 5 units of accommodation bringing the total to 11.

Partnership Refugee Rent Deposit Scheme in the UK

Following on from the success of last year’s emergency grants programme specifically for projects around the UK supporting Ukrainian refugees, LandAid joined forces with the MTVH Migration Foundation, Red Cross, Tenancy Deposit Scheme and The City Bridge Foundation to pilot a rent deposit scheme designed to improve access to the UK private rented sector for refugees. The pilot will run for 3 years, assist at least 125 refugee families, and is the first of its kind in the UK. We intend to apply project learning to a version tailored for young people experiencing homelessness.

Social Impact & Social Value

While we have traditionally measured our success through the number of bedspaces delivered, and while we will continue to do so, we recognise that our social impact is significantly greater than a simple count of units of accommodation. Many of our corporate supporters are similarly looking at their social impact and value more thoughtfully and expect LandAid to tell a richer story about our impact than we have previously done.

We have worked through the year to develop a robust social value methodology and have been working with HACT to develop and deploy our own Social Value Calculator. This will provide data on both the

2 Excludes income for and grants made through our COVID-19 Emergency Appeal

3 Figure restated due to Prior Year Adjustment reported in the Financial Statements.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

savings to the public purse as a result of our work, but also on the wellbeing measures of our investments on the lives of those young people we support. This will be deployed in 2024.

Pro Bono Programme

In the 2023/24 financial year, and for the first time ever, the LandAid Pro Bono programme brokered over £1m of donated professional services from the property industry to UK charities.

The numbers of charity and corporate partners who have signed-up to be part of the network continued to grow and the programme’s progress against our targets is illustrative of increasing efforts to engage stakeholders. The implementation of a number of process improvements has also further enhanced the efficiency of the programme.

During the year:

As we enter the first year of our new five-year strategy, we plan to introduce several new initiatives to improve programme accessibility both for our corporate and our charity partners.

The programme continues to be funded by three of our original four founding partners (CBRE, JLL and Savills), but we plan to diversify funding further through broader support from our corporate partners. We will also integrate pro bono with our Grants Programme to provide charity partners with a more holistic offer, introducing a property clinic and skills workshops to coach charities on property issues and the help available to them.

Partnership with Vodafone

Our partnership with Vodafone as part of their ‘charities.connected’ programme designed to help end digital exclusion, has resulted in 35,673 free SIM cards being donated to UK youth homelessness charities, at a value of £3.2m. The SIM cards provide free calls and data for people facing homelessness and offer an extraordinary lifeline to those most in need. The success of the programme has led Vodafone to make a further commitment to ringfence up to 50,000 SIM cards for homelessness charities each year for the next three years.

Partnership with Computers 4 Charity

Our partnership with Computers 4 Charity has seen 13 laptops and 10 mobile phones with a combined value of £5,100, refurbished, updated and passed onto 3 different youth homelessness charities. In addition to the impact this will have on the beneficiaries, and by giving equipment a second life, we’ve helped to save over 2,000kg of CO2 emissions. This year we also engaged with the members of the Property IT Directors Forum who have pledged to help us significantly increase these figures during 2024/25.

Donated Services

As well as facilitating free advice on behalf of other charities, LandAid has received significant free advice and support from the following companies and individuals: Redwood Consulting, J2, DS.Emotion, Holistic Insight, KPMG, EG, Property Week, and Place North.

Of particular note has been the support we have received again from Knight Frank who have very generously provided outstanding workspace and office facilities to our team in their Baker Street head office. You can find out more about our comms and media support we have received in the Engaging our supporters section below.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report

For the year ended 31st March 2024

Our fundraising this year

Partnerships

Our Foundation and Strategic Partners are our bed rock and give annual donations of at least £10,000 and £30,000 respectively to support our cause. At the end of 2023-24, LandAid had 22 Strategic Partners and 63 Foundation Partners. At the same point we had 217 Corporate Supporters providing event and media support, general fundraising and/or free property advice (140 in 2022-23). A list of all our corporate supporters is included at Appendix 1.

We were also extremely grateful for the opportunity to model our refreshed approach to corporate partnerships, which seeks to facilitate the transition away from a ‘membership model’ of support, towards one that delivers meaningful, tangible and measured impact for our corporate partners.

Partnerships with StreetSmart, CBRE, Lendlease, Landsec and Segro in particular have provided significant financial support, and impact, to specific LandAid projects.

We also received donations totalling over £350,000 from the dormant ‘legacy’ funds held by four of our corporate partners, in compliance with rules set out in RICS’ Client Money Protection Scheme.

Events

We have been delighted to see an increase in the volume of ‘Supporter Events’ organised by our partners and supporters in which LandAid is the benefitting charity. A huge thank you to all of those who dedicated time and effort raising funds for our work in this way.

Ali's 40th Birthday Party Fundraiser Oliver Oldbury's fundraiser for LandAid BPF Annual Dinner Orbis Protect's Yorkshire 3 Peaks Challenge Carter Jonas Christmas Bake Off Orega Raffle Carter Jonas Halloween Bake Off Oxford Properties Welsh Three Peaks Carter Jonas vs COEL Cricket Challenge Pipeline Industries Guild Annual Dinner Commonwealth Cup Football Tournament Portsmouth High School Fundraising Day Construction Rocks Prideview Gala Dinner Contractors vs Consultants Rugby Match Property Race Day Coyote Poker Night Proptoberfest Cushman & Wakefield Christmas Jumper Day ROC Consulting Trek Cycle to UKREiiF - Leeds Castle to Leeds Royal Berkshire Property Awards Dalbergia Golf Day RPP Canal Walk Challenge Eastern Echo Awards Savills’ Around the World in 30 Days EG Awards Source to Sea Challenge Glovers Charity Quiz 2024 SPA Xmas Drinks GLP's Charity Bike Ride SS&C Technologies iPhone Raffle Fundraiser Grainger's Crazy Golf Social St Modwen Annual Charity Run Hawkins and George Cake Sale Surveyor 7s Tournament Industrial Open Telford Homes Christmas Raffle Knight Frank Day of Giving Telford Homes Furniture Sale LaSalle Charity Quiz The Arch Christmas Jumper Day London Metric Property Steptober The Arch Company's Yorkshire Three Peaks London Metric's Fundraiser for LandAid Vesta Construction 5-a-side LRWA Charity Team Challenge WPA Annual Dinner Lucy Lambert Tropic Fundraiser Wren300 Mac Mic Group's Page Yorkshire Three Peaks Challenge Muse Big Bike Ride

We were extremely grateful for the outstanding efforts of some individual supporters, who took on huge challenges on behalf of LandAid. They included Oxford Properties Welsh Three Peaks Challenge, Carter

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

Jonas vs COEL Charity Cricket Match, Industrials REIT’s Source to Sea Challenge and Iceni Projects Limited Cycle to UKREiiF - Leeds Castle to Leeds.

Regional support

The last 12 months has been a highly successful year for our work across the regions and nations of the UK, as each of our existing Regional Boards strengthened their engagement and support and help us embed our ambitions more firmly within the local industry. 2023 also saw the launch of our newest board in Scotland, and the first covering one of the UK nations.

Driven by their Regional Chairs, every board has become more focused and better able to raise LandAid’s profile, increase our regional fundraising and our impact. The Regional Boards feel more connected than previously, with better engagement between regional boards and our Executive Team, and between regional boards themselves. We are also looking to expand our coverage in the regions outside of the large cities, although this is a mid-term goal.

This year also marked significant growth in our regional fundraising, in part through engagement with our own flagship events (such as the SleepOut) but also through events organised by our Regional Board members or organised by other companies and networks in support of LandAid. Notable examples included:

Northwest:
Northwest Gala Dinner
£33,332
Northwest 10K
£11,769
Pipeline Industry Guild Dinner
£8,758
Northwest Ambassador Social
£2,515
Midlands:
St Modwen 10K 2023
£53,040
St Modwen Partnership
£3,705
Commonwealth Cup
£5,000
Cummings Group Xmas Donation
£2,500		 Southwest:
Southwest Summer Party
£11,088
Eastern:
CVC Rugby Tournament 2023
£4,500
Eastern Echo Awards 2023
£2,732
Yorkshire and Humber:
Yorkshire Ambassador Quiz
£7,439
Yorkshire Proper-Tea
£12,000
SPA Xmas Drinks
£650

Engaging our supporters

Early in 2023, we launched a new Communications & Engagement strategy which laid out three key communications goals: to inspire our audience to take action in support of our mission; to connect our audience more closely with our cause; and to grow our audience base. In response, we have produced a new brand video for LandAid (launched in June 2024); the first iteration of a new programme of annual audience research; and a greater focus on highlighting the impact of our work in our communications outputs.

We are very grateful to our Communication Partners who have supported us on a pro bono basis to develop our work. We continue to work with the team at Redwood Consulting on all of our media relations, and have received invaluable support from creative agencies J2 and DS.Emotion in the production of creative assets, campaign planning, and strategic development. This year, we also began a pro bono partnership with Holistic Insight , which has been helping to design, deliver, and evaluate our audience research.

We created a new Insight & Evaluation Officer role this year to support a more evidenced-led culture within the charity, and as a result we’ve been able to refresh our Dollar Handles, improve our KPI reporting through Salesforce, and develop improved measurement targets for our new strategy.

Ambassadors

At year end we had 115 Ambassadors (89, 2023), based across all six regions and nations of the UK where there is a LandAid Regional Board, with an additional cohort in London.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

In order to most effectively engage the next generation and rising stars of the real estate industry, we initiated a review of our Ambassadors Programme, to discover if we could be more efficient in how we generate support and engage this group of supporters. We’ll be implementing the recommendations from this review in the coming year.

Patrons

During 2022-23, we launched our new Patrons Network. The brainchild of former trustee and chair of the Board, Rob Bould, the Network is creating a community of senior property professionals with influence and experience, who are committed to LandAid’s goals and ambitions, and are able to leverage support and impact through their own expertise and networks. We ended 2023-24 with 75 Patrons, benefiting from invaluable insight in areas such as our Build to Rent initiative, and introductions to partners such as the Hilton UK Foundation which led to a donation of £65,000 over three years for our employability programme.

Tech Network

Under the leadership of LandAid Trustee, Dan Hughes, our Tech Network has grown and developed over the past year. The Network is made up of almost 50 property organisations specialising in tech solutions and is supported by a Steering Group of senior individuals across the industry.

The network is focussing on three key areas where it can achieve impact for LandAid: fundraising, pro bono, and data. Working with our Director of Communications & Engagement, the network will develop key targets in the coming year for members to achieve across each area of impact.

In the past year, network members have participated in LandAid events, generated corporate donations, and worked on housing and homelessness data projects.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

FINANCIAL REVIEW

Total income for the year as reported in the Statement of Financial Activities was £4,530,920 (£4,856,315 in 2022-23, as restated). Income from charitable activities and donations was down (14%) to £3,425,261 (£3,958,277 in 2022-23, as restated). Income from trading activities rose to £1,057,850 (£879,445 in 2022-23, as restated). For more information about our sources of income and performance, please see the section above, Achievements and Performance. For more information on restated figures for 202223, please see below.

Total expenditure for the year was £3,175,850 (£3,502,136 in 2022-23, as restated), a decrease of £326,286 (9%). The reasons for this are explained above in our Review of the Year .

Current assets at year-end for the Group were £3,935,205, down against the restated 2022-23 figure of £4,710,920. Total cash at bank and in hand (including cash held in bank accounts with a 90-day or greater notice period) was £2,708,781, compared to the restated 2022-23 figure of £4,076,627. Debtors had increased by £592,131 to £1,226,424. Total Net Assets for the Group increased to £2,377,441, slightly up on the restated 2022-23 figure of £2,351,600.

As a fundraising foundation, LandAid only commits to grants when the funds are raised. The difference between reserves and free cash will be committed to grants in 2023-24, except for those funds designated for, or restricted to specific projects.

In terms of the breakdown of sources of income in 2023-2024, 22% of income came from charitable donations from our corporate supporters and a further 19% came from LandAid fundraising events, 17% from Transactional Giving (primarily our partnership with StreetSmart). 23% was the value of time donated through LandAid to charity partners by property professionals as part of our pro bono programme. The remaining 19% came from Event Sponsorship and Sales (6%), Digital, Regional and Employee Fundraising (4%), Gift Aid (3%), ‘In Support of’ events (3%), and other fundraising (3%).

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

Note on Restated financials relating to the Financial Year 2022-23: A number of prior year adjustments have been made which reflect cash received for a bank account where statements were unavailable as at 31 March 2023, reclassification of over-90 day accounts, and grant commitments of £660,290 with constructive obligations made before 31 March 2023 which were not recorded.

Factors likely to affect our performance going forwards

Our new strategy sets out a clear and bold ambition. Success requires us to evolve our work in providing homes, and significantly develop our focus on employability – all of which has to be achieved in partnership with our industry supporters. This presents huge opportunities, but also challenges and risks. We begin this next strategic cycle confident that we have done all we can at this stage to set out the steps we need to take to deliver our goals, and responses from industry partners have been very positive.

Key to our success continues to be the staff and volunteers we have at our disposal – deploying and exploiting the right skills, knowledge, expertise and connections is essential, which is why we plan to invest more time and resources into learning and development, as well as more structured performance management and planning.

We are introducing new fundraising events and a new approach to our partnerships model, both of which have the potential to significantly impact our fundraising. But new ideas and initiatives are also risky so we need to take great care.

But the single factor most likely to affect our work over the coming years is likely to be the approach taken by the new Government to homelessness and housing policy generally, and to its impact on young people specifically. We are being warned that things will get worse before they get better, while at the same time a renewed focus on house-building is planned. The latter is notoriously difficult to deliver, and while most observers welcome this shift in policy to address a chronic shortage in housing supply, there is much less clarity at the time of writing about other key areas of social policy. Possible changes to welfare benefits, the care system, access to employment and training for the most marginalised in society, or indeed, the proposed relationship between Government and charities in tackling housing and poverty all remain unclear, and all have the opportunity to make our work more or less impactful.

LandAid’s principal risks and our plans for managing them

The Board of Trustees has a risk management strategy, which comprises:

The principal areas of risk we focused on mitigating during 2023-24 were internal capacity, capability and wellbeing. The death of our colleague Kevin Hunter early in the year affected us all, emotionally of course, but also operationally. And while we gradually came to terms with Kev’s death, his absence impacted our grants and pro bono performance for some time.

At the same time, we had high levels of turnover in both our fundraising and finance teams, meaning that there were three teams simultaneously impacted which in turn compromised our performance, just as we entered the final straights of our last strategic cycle.

Using a combination of interim staff and rapid recruitment, we were able to plug gaps in capacity, and have recruited some excellent colleagues, but in finance especially, the work required to ensure robust capability is still in progress. We continue to work on enduring all finance processes are fully updated, documented and complied with.

Moving forward, we are planning to introduce new fundraising events and a new partnership model, both of which bring with them risk as well as opportunity. We have tested plans for both events and model with staff team and Fundraising Committee members and will evaluate all carefully.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

We have also grown fairly rapidly during the past 12 months and need to ensure that our performance matches our investment in personnel. We have introduced new KPIs and are in a position to adapt quickly should performance fail to support capacity.

Other areas of significant risk which we seek to mitigate through careful planning remain:

In relation to reputational risk, a supplier of silent auctions at the Gala Dinner organised for LandAid in November 2023, went out of business, leaving some donors without the prizes they had won. We have worked hard to engage with and support donors as they try to recover funds but are limited in what we can do. Moving forward, we have recognised the need to exercise greater control over third-party suppliers and ensure that all are covered by clear and comprehensive insurance policies.

Theft and fraud are continuing concerns for all businesses, and charities are no exception. We continue to review our financial policies and procedures and provide staff training on fraud risk.

Linked to concerns over fraud is the risk that our IT systems might be breached with a resulting loss or compromising of data. We continue to work closely with our IT services provider to ensure all measures required are taken and implemented effectively.

Our investment policy

LandAid has a duty to ensure that it looks after the funds that it raises, and, within reason, to secure interest on any funds invested pending being given out as grants. Trustees have a Treasury Policy setting out how best the funds that we hold could be invested to ensure a reasonable return and without compromising our ability to draw those funds down for grant commitments in a timely fashion. Most of our funds are held in a low interest deposit and saving account.

Trustees are keen to ensure that LandAid’s funds are invested effectively and ethically and are currently reviewing LandAid’s Treasury policy. This is due to be reviewed in turn by the Board later in the year.

Total funds held at the end of the period

As at the end of the reporting year, LandAid held funds totalling £2,429,640 (£2,351,600 in 2022-23 as restated). Of these, £1,820,088 were Restricted (£1,864,593 in 2022-23, as restated). Our restricted funds are, in the main, those funds raised or donated by our supporters for specific projects, or from specific events. The largest of these are the funds we hold as part of our partnership with StreetSmart (£882,177) which are awarded to charities tackling youth homelessness by LandAid. More detail on the Group Statement of Funds can be found in note 13.

Returned or withdrawn grants

We withdrew or had returned grants worth a total of £450,453 (compared to £10,175 in 2022-23) recognising that we had been holding considerable historic sums of grant funding that had not been drawn down and which, under our terms & conditions, were able to be withdrawn as unspent and have been recycled into new grant awards, fulfilling the original donors’ intention, and our mission.

LandAid’s Reserves

The Trustees are committed to ensuring the charity has sufficient reserves available both for operations to continue during any period of reduced income and to provide the cash required to meet the costs of major fundraising events where outgoings may precede income.

The current policy of the Board of Trustees is to maintain free reserves of at least six months general running costs as well as three months’ salary costs for the CEO, Finance Manager, and an Office

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

Manager. This sum has been calculated to be equivalent to £275,000. The difference between free reserves (which were at least £250,000 throughout the year) and cash will be committed as grants. A revised policy will be presented to the Finance, Governance and Risk Committee in July 2024.

Free reserves held at the end of the year were £609,522. LandAid’s Finance Governance & Risk Committee will review the state of reserves on a quarterly basis and intends to review the charity’s reserves provision on an annual basis. The Reserves policy is due for review later this year.

Our approach to fundraising

The trustees are fully aware of their individual responsibility and accountability to ensure that the charity fundraises legally, responsibly, and effectively. They are aware of the Charity Commission CC20 guidance and use this and the accompanying checklist to help them evaluate the charity’s fundraising performance, and to ensure that we do not target vulnerable people.

We continue to be a levy-paying member of the Fundraising Regulator and subscribe to the associated fundraising codes of practice. We suppress individual supporter records against the Mailing Preference Service, Telephone Preference Service and the Fundraising Preference Service which ensures we do not approach individuals who have expressly requested that we do not contact them. We received no FPS suppression requests during the year (2022-23: nil).

The charity did not directly engage with a professional fundraiser/commercial participator in the year, although (as reported above in the section on Principal Risks ) an events company we worked with for our Gala Dinner, Sportingclass Ltd, engaged Good2Auction as a commercial participator to provide a silent auction service. Good2Auction recently informed us that they were going into liquidation and although we had received our due proceeds from the silent auction, many of our auction donor lost out and did not receive the prizes they were owed.

Complaints

The charity has a published complaints procedure, available on its website, and endeavours to respond to enquiries and complaints within the stated timeframe. In 2023-24 we received 0 complaints (0 in 202223).

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report

For the year ended 31st March 2024

PLANS FOR FUTURE PERIODS

We have worked extensively with partners and experts throughout the year to shape our forward policy. We explained in our last Trustees’ report that we had set out ten principles to underpin our strategy and they were that:

  1. Our mission should remain working to end youth homelessness in the UK.

  2. We should be more ambitious and more focused in the impact we seek to achieve.

  3. We should be informed by evidence of what works well.

  4. If we are to end youth homelessness, we should support a wider range of interventions.

  5. We should respond to the distinct needs of specific groups of young people.

  6. We should do more through strategic engagement in our regions and nations.

  7. We should collaborate and join forces with like-minded organisations to achieve our goals.

  8. We should communicate our work, our impact and our ‘value add’ better.

  9. We should educate and inform our supporters about youth homelessness, and about ‘best-inclass’ engagement.

  10. We should use the experience and expertise of our charity partners and the young people they serve, to advocate and help shape better social policy.

In June 2024, we launched our new strategy, which, building on these principles, sets an ambition to positively impact on the lives of at least 10,000 young people over the next 5 years by providing access to safe, secure and affordable homes, and through programmes helping young people access skills, training and employment.

In addition to developing our fundraising through longer-term and more strategic partnerships, and larger-scale events, we also want to develop a place-based approach to impact and will pilot deep engagement in 4-6 key localities. These will explore ways in which the property industry can support initiatives identified within those areas, over a longer-term, and deliver significantly greater impact.

We will work more closely with other funders and charities to both deliver greater impact, and to help shape and inform the policy environment. We are keen to forge deep and lasting collaborations where we feel we can do more through strategic alignment or amalgamation and will be open to discussions on how best this can be achieved.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report

For the year ended 31st March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Our organisational structure

LandAid Charitable Trust Limited is a charity and a company limited by guarantee governed by its Memorandum and Articles of Association dated 8 August 1986, as amended on 12 March 2007 and which were further amended on 21 August 2013, when the objects were updated to the following:

The charity is governed by the Board and there are four standing committees: Finance, Governance and Risk Committee (FGRC), Fundraising Committee (FRC), LandAid Grants & Impact Committee (LGIC), and the Nominations Committee. During the year, the Fundraising Committee took the decision to broaden its remit and is now the Fundraising and Engagement Committee (FREC).

With respect to the Board, the trustees may admit individuals or organisations into membership but in practice this is restricted to trustees of the charity. At the end of 2023-24 there were 12 members (12 at the end of 2022-23). Each Trustee agrees to contribute £1 in the event of the charitable company being wound up.

Anna Stewart retired from the Board during the year, and Richard Rees was appointed to the Board.

Diversity and inclusion

Over the past year, we have continued our work to ensure that the Board, its committees and Regional Boards, and its staff team better reflect social diversity. However, as at 31 March 2023, the proportion of female trustees had fallen from 50% in 2023, to 42%, and the average age of Trustees increased to 55 (52 in 2023).

Over the coming year, we will undertake a comprehensive diversity audit of our main Board, our Committees, Regional Boards and our staff. In July 2024, the Executive devised a new Interim Statement of Intent with regard to Equity, Diversity and Inclusion (ED&I) which will be available shortly on our website. Working closely with Trustees, the Executive will undertake a programme of work to improve diversity and inclusion across the organisation, and specifically within our fundraising and grant-making activity. Our goal is to ensure that there are as few barriers to supporting our work as possible, and that we reach those communities of young people facing homelessness, who are most disadvantaged or excluded.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

During 2024-25, we will develop and adopt a clearer policy and approach to ED&I, setting clear ambitions around recruitment to our governing and regional boards and committees and to our staff team, and ensuring that progress is reported.

The resources we have at our disposal

As a charitable foundation, without endowment, LandAid must fundraise for every pound it gives out in grants. During the course of the year, we continued to implement the new structure approved by the board, primarily in order to ensure successful delivery of the new strategy.

As a result, at the end of the reporting year, LandAid had a team of 30 (23 in 2022-23) with a monthly average number throughout the year of 26, working across five activity areas: fundraising; grants; pro bono and impact; communications and marketing; finance; and data. Total staff costs in the financial year were £1,221,417 (£1,004,492 in 2022-23), representing 26% of our total annual income (21% in 2022-23).

The contribution made by interns, volunteers and Ambassadors

Our Trustees, Committee Members and Regional Board members all volunteer their time to help us. We are hugely grateful to all of them – we couldn’t begin to achieve what we do without their support, encouragement, and good offices.

Our work is supported by a network of 115 young professionals known as ‘LandAid Ambassadors’ (89 in 2022-23), while our Patrons Network, comprising more senior and more experienced industry leaders who support LandAid, numbered 75 members at year end (61 in 2022-23).

Public Benefit

The Trustees confirm that they comply with their duty under Section 17 of the Charities Act 2011 to have regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.

Related parties

The Trustees and their companies donated a total of £179,143 to LandAid Charitable Trust in the year (£211,808 in 2022-23).

The charity has a wholly owned subsidiary, LandAid Functions Limited, a company registered in England and Wales (number 02012882), which organises commercial fundraising events and gift aids its full taxable profits to the charity. LandAid Functions received no events and sponsorship income from the Trustees and their companies (£nil in 2022-23).

Our Networks

LandAid, and its senior staff, were, in the year 2023-24, members of:

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report

For the year ended 31st March 2024

Inducting and Training our Trustees

When considering candidates for nomination, the Board of Trustees has regard to the need of the charity to ensure a full skill set on the board, the candidate’s position within the property industry (from which the charity’s support is drawn), their influence and willingness to solicit support for the charity and their ability to participate fully in the charity’s governance and activities. The board is also determined to ensure that its members better reflect societal diversity.

Trustees have a formal induction session introducing them to the team, the breadth of our work and advising them of their obligations under charity and company law. They receive a copy of the Memorandum and Articles of Association as well as recent financial statements and board papers. They also receive details of the committee and sub-committee structure of the charity, including decisionmaking powers, and are briefed on the current strategy of the charity and its future plans.

How we make decisions and who makes them

The board of trustees is responsible for setting the policy and direction of the charity and meets four times a year. There are four sub-committees covering Fundraising & Engagement, Impact, Finance, Governance & Risk, and Nominations. The first three meet quarterly and, as well as Trustees, include other senior members of the property industry who volunteer their time, expertise and insight. The Nominations Committee meets on an ad hoc basis and comprises only trustees.

The Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms approved by the trustees, for operational matters including finance, employment and fundraising.

How we set pay and remuneration

In January 2020 we introduced a new pay policy for all staff building on the previous year’s review, establishing clear pay bands for all roles across the organisation and a policy for advancement through these bands. In March 2021, the board agreed that the Finance, Governance & Risk Committee should also oversee remuneration, noting the Chief Executive’s decisions relating to staff pay and making recommendations to the board on the matter of senior pay.

LandAid trustees are not paid for their work as directors of the charity. They are entitled, however, to be reimbursed for reasonable out of pocket expenses incurred in the course of their duties for LandAid. No reimbursement was claimed by or made to any trustee in the financial year.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and administrative details are given on page 1.

Provision of information to the Auditors

The trustees in office at the date of approval of this report confirm, as far as they are aware, that there is no relevant audit information of which the auditors are unaware. Each of the directors has confirmed that they have taken all the steps that they ought to have taken as directors to make themselves aware of any relevant audit information and to establish that it has been communicated to the auditors.

Auditors

A resolution to reappoint Moore Kingston Smith LLP, Chartered Accountants, as auditors will be put to the annual general meeting.

This report has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies and with the Statement of Recommended Practice, Accounting and Reporting by Charities (FRS 102) effective 1 January 2015 including update bulletin 2.

Approved by the Board on 12 / 20 / 2024 and signed on its behalf by:

Mr. Neil Slater, Chair of the Trustees

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

Appendix - LandAid’s Corporate Supporters

The Trustees would like to take this opportunity to extend their heartfelt thanks to all of our Strategic Partners, Foundation Partners, Supporters and pro bono partner companies (in italics), and their staff, right across the property and construction industry – without whom we would be unable to make the difference we do. Thank you.

Strategic Partners

Allsop LLP Blackstone British Land Company PLC British Property Federation Carter Jonas LLP CBRE Fiera Real Estate UK Ltd Grainger Plc JLL U.K. Ltd Knight Frank Landsec Ltd LaSalle Investment Management Legal & General Group PLC Lendlease Logicor Sage Homes Savills (UK) Ltd SEGRO Properties Ltd St. Modwen Logistics StreetSmart The Conrad N. Hilton Foundation The Property Race Day

Foundation Partners

abrdn PLC Addleshaw Goddard Albanwise Wallace Estates BidX1 UK Bryan Cave Leighton Paisner LLP bValued Ltd CLS Holdings PLC CMS Cameron McKenna Nabarro Olswang LLP Colliers UK CoStar UK Ltd Cushman & Wakefield UK Ltd Dalbergia Group Derwent London PLC Dolphin Living Dowley Turner Real Estate LLP Ethos Farm Eversheds Sutherland (International) LLP Frogmore Property Company Ltd Gerald Eve LLP Grosvenor Services Hammerson PLC Heitman LLC Helical PLC Henry Boot PLC

Hollis Global Ltd

Howard de Walden Estate Ltd Howard Group Industrials REIT James Andrew International Ltd LandTech (UK) Ltd Liquid Roofing and Waterproofing Association (LRWA) LondonMetric PLC (London Metric) M&G Real Estate Ltd M7 Real Estate Ltd Mace Foundation Mansford Capital Ltd Mayer Brown International LLP Michael Sparks Associates Muse Developments Ltd NatWest Group PLC Newcore Capital Management LLP Orion Capital Managers (UK) Ltd Oxford Properties Panther Investment Properties Ltd Pinsent Masons LLP Prideview Group Prologis UK Ltd RBA (Richard Boothroyd & Associates) Ltd Realty Income Ltd Redevco UK Ltd Revantage Richardson (Real Estate & Growth Capital) Shaftesbury Capital PLC Stantec Telford Homes PLC TFT Consultants The Arch Company Trident Building Consultancy Ltd Trowers & Hamlins LLP TT Group Turley Properties Ltd Unibail-Rodamco-Westfield View The Space (VTS)

LandAid Supporters

Adair Associates Adept Consulting Engineers Ltd Alec French Allford Hall Monaghan Morris Alpha Property Insight Anderson Green

Andrews Property Group Anisorian Real Estate Archco Developments Ashdown Phillips & Partners Ltd Ashen Ventures Asteer Planning Avison Young (UK) Ltd AWW Architects Axiom Architects LLP Bank Leumi (UK) Plc Barbarella Studio BECG Benchmark Advisors Ltd BHB Architects Billing Better Ltd Birketts LLP Blacks Solicitors LLP BNP Paribas Real Estate Brookfield Asset Management Built ID Burges Salmon Buro Happold Buttress BWB Consulting Caddick Group PLC Cambridge Finance Cambridge University Rugby Union Football Club Capstone Recruitment CB3 Consulting CHROMA Consulting Civic Engineers Ltd CMTB Works COEL Colin Rickard & Partners Community Spaces Copewell Ltd Cowper Griffith Architects LLP Coyote Group Ltd Craddys CRELYTICA Ltd Crookes-Walker Consulting Crown Workspace Ltd Crown Worldwide Group Cumming Europe Ltd. Cundall DAC Beachcroft Daily Mail Dataloft Datscha / Real Capital Analytics Davies Maguire

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2024

Debevoise & Plimpton LLP Deeley Freed Delancey Real Estate Asset Management Ltd Deloitte LLP Dentons Dickson Minto Domec Professional Services E.C.F EA-RS Fire Management Eastdil Secured LLC Edozo Faithful + Gould Farebrother Fenick Coffee Co Fieldfisher Finura Property Solutions Ltd Flamingo Investment Group Forsters LLP FPCR Environment and Design Ltd Freeths Geoplace Gleeson Recruitment Group Glenn Howells GLP Ltd GMI Construction Group PLC Good REIT Ltd Gowling WLG Granger Reis Grey Lemon Grosvenor Ltd Hall Brown Family Law Solicitors Harlex Property Ltd Hawkins Brown Hicks Baker Hill Dickinson LLP Hoare Lea Hollyisle Ltd Homestaging Association Howells HSBC Bank PLC IBI Group Iceni Projects Ltd ID Verde ING Bank ING Media Ingleton Wood Jill Parker Consulting Ltd Jim Ratliff Jostec Julie Landry K&L Gates KA-A Architects Kerr Group Keystone Venture Kingfisher Knotel

E.C.F

Lands Improvement Holdings Ltd Leach Rhodes Walker Lester Aldridge Light and Motion LOKI Architecture & Development Ltd MACE Macegreen Consulting Ltd Madlins MAPP Ltd Matter Architecture McLaren Construction Group Meghna Patel Mode Transport Planning Modulor Studio Ltd Moe Miah Ltd Montagu Evans Morgan Sindall Group PLC MPC MRI Software MSA Architects National Highways Native Land Ltd Network Rail Neubau Architects Northen Surveying Services Nuveen Orbis Protect Ordnance Survey (Geovation) Orega Osborne Clarke LLP Oxford Economics Oyster Partnership Ltd PAAD Architects Ltd Pandek Paradise Circus Ltd Paragon Pegasi PFM Intelligence PGIM Pi Labs Pick Everard Picton Capital Ltd Pitchside Hospitality Ltd PJA Engineering Places for People Planning Insight Polestar Portland Communications Prestbury Investment Partners Promise FM Property Inspect Property Sports Network PwC Legal UK QAI services Quadrant building control Ramboll UK

Rent London Flat RESI Rolton Group RPP Group SAY Property Consulting Scarborough group Scroxton & Partners Selborne Chambers Ltd Shoosmiths Simmons & Simmons LLP SIP Car Parks Ltd Sixteen Real Estate Skeletal Consulting Engineers Ltd Socius Development Litd South Hill Capital Spatia UK Stace LLP Stannybrook Property Consultants Ltd SThree Stories (Services) Ltd Stride Treglown Ltd Student Cribs Synergy LLP Telereal Trillium Thames Laboratories The Howard de Walden Estate The Hyde Group Timberwise Ltd UK Tisserin Engineers TLT LLP Touchstone Town Legal LLP Trace Solutions Ltd Trammell Crow Travers Smith Trusted Land Trustek UK PropTech Association UMC Architects University of Cambridge Utopi Vastint UK Vattenfall Heat UK Vegner Group VINCI Building VUCity Ltd W12 group Ward Hadaway Womble Bond Dickinson (UK) LLP WWA

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LandAid Charitable Trust Limited (Limited by Guarantee)

STATEMENT OF TRUSTEES' RESPONSIBILITIES

For the year ended 31st March 2024

The trustees (who for the purposes of company law are directors) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the LandAid Charitable Trust Limited website.

Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.

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Independent Auditor’s Report to the Members & Trustees of LandAid Charitable Trust Limited

OPINION

We have audited the financial statements of Landaid Charitable Trust Limited (the ’company’) for the year ended 31 March 2024 which comprise the Group Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheets, the Group Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

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Independent Auditor’s Report to the Members & Trustees of LandAid Charitable Trust Limited

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Act 2011 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

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Independent Auditor’s Report to the Members & Trustees of LandAid Charitable Trust Limited

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

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Independent Auditor’s Report to the Members & Trustees of LandAid Charitable Trust Limited

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and, in respect of the consolidated financial statements, to the charity’s trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters which we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company, the charitable company’s members, as a body, and the charity’s trustees, as a body, for our audit work, for this report, or for the opinion we have formed.

Luke Holt (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP, Statutory Auditor Moore Kingston Smith LLP 9 Appold Street London EC2A 2AP

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

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LandAid Charitable Trust Limited

(Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

(including Income and Expenditure Account) For the year ended 31st March 2024

Notes
Income
Income from charitable activities
Donations
3a
Income from trading activities
3b
Investment income
3c
Total Income
Expenditure
Expenditure on raising funds
Direct fundraising
4a
Fundraising events
4a
Expenditure on charitable activities
4b
Total Expenditure
Net Income/Expenditure
Transfer between funds
13
Net movement in funds/deficit
Total funds brought forward
13
Total funds carried forward
12		 Unrestricted
Funds
£
1,919,060
1,057,850
47,808
3,024,719
603,846
725,495
1,865,357
3,194,698
(169,979)
395,290
225,311
487,007
712,318		 Restricted
Funds
£
1,506,201
-
-
1,506,201
-
-
1,310,380
1,310,380
195,821
(395,290)
(199,469)
1,864,593
1,665,124		 Total
2024
£
3,425,261
1,057,850
47,808
4,530,920
603,846
725,495
3,175,737
4,505,078
25,842
-
25,842
2,351,600
2,377,442		 Total
2023
as restated
£
3,958,277
879,445
18,593
4,856,315
473,079
537,084
3,502,136
4,512,299
344,016
-
344,016
2,007,584
2,351,600

All amounts relate to continuing activities. There are no recognised gains and losses other than those dealt with in the above Statement of Financial Activities.

The accompanying notes form part of these financial statements.

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LandAid Charitable Trust Limited (Limited by Guarantee) STATEMENT OF CASHFLOWS

For the year ended 31st March 2024

Notes
Cash flows from operating activities
Cash used in/ generated from operations
Interest paid
Net cash inflow from operating activities
15
Cash flows from investing activities
Interest received
Purchase of property, plant and equipment
Movement of liquid resources
Proceeds from sale of investments
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period		 2024
£
(1,392,921)
-
(1,392,921)
47,806
(22,732)
549,786
-
574,860
(818,061)
2,189,768
1,371,707		 2023
as restated
£
719,199
-
719,199
18,593
(56,024)
(1,886,859)
-
(1,924,290)
(1,205,091)
3,394,859
2,189,768

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LandAid Charitable Trust Limited (Limited by Guarantee) BALANCE SHEET

For the year ended 31st March 2024

Notes
Fixed Assets
Tangible Fixed Assets
6
Investments
7
Current Assets
Debtors
8
Current Asset Investments
Cash at bank and in hand
Creditors: Amounts falling due within one
year
9
Net Current Assets
Total Net Assets
Funds
Unrestricted funds
11 & 12
Restricted funds
13		 Group
2024
£
65,088
-
65,088
1,226,424
1,337,074
1,371,707
3,935,205
(1,622,852)
2,312,353		 Group
2023
as restated
£
68,694
-
68,694
634,293
1,886,859
2,189,768
4,710,920
(2,428,014)
2,282,906		 Charity
2024
£
65,088
2
65,090
1,160,713
1,337,074
1,208,885		 Charity
2023
as restated
£
68,694
2
68,696
635,509
1,886,859
2,010,273
3,706,672
(1,518,037)
2,188,635		 4,532,641
(2,394,056)
2,138,585
2,377,441
712,318
1,665,124
2,377,442		 2,351,600
487,007
1,864,593
2,351,600		 2,253,725
449,429
1,804,296
2,253,725		 2,207,281
882,978
1,324,303
2,207,281

The accompanying notes form part of these financial statements.

No separate SOFA has been presented for the charity alone, as permitted by section 408 of the Companies Act 2006. The charity's income for the year was £4,530,920 (2023: £4,856,315, as restated) and the surplus for the year was £25,842 (2023: £344,016, as restated).

The financial statements were approved by the Board and authorised for issue on and signed on its behalf by:

Neil Slater Chairman

Company number: 02049135

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LandAid Charitable Trust Limited (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31st March 2024

1 Accounting Policies

i) Company Information

LandAid Charitable Trust Limited is a charitable company limited by guarantee and incorporated in England and Wales, registration number: 02049135 and the registered company office is St Albans House, 5th Floor, 57-59 Haymarket, London, SW1Y 4QX.

ii) Basis of Preparation

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (The FRS 102 Charities SORP including Update Bulletin 2) and the requirements of the Companies Act 2006.

The Charitable Company and its subsidiary are a public benefit group for the purposes of FRS 102 and therefore the Charity also prepared its financial statements in accordance with 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 (The FRS 102 Charities SORP), the Companies Act 2006 and the Charities Act 2011.

These financial statements are prepared on the going concern basis, under the historical cost convention. The principal accounting policies are set out below.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest pound.

Group Financial Statements

The Group comprise LandAid Charitable Trust Limited and LandAid Functions Limited.

The assets, liabilities and results of the wholly owned subsidiary company LandAid Functions Limited, are consolidated into these financial statements. Summarised details of the subsidiary entity are set out in Note 7a.

All activities in the Consolidated Statement of Financial Activities (SOFA) relate to continuing operations.

The total incoming resources for the Group in 2024 was £4,530,920 (2023 as restated: £4,856,315) and net income for the Group in 2024 was a surplus of £25,842 (2023 as restated: surplus £344,016).

(iii) Going Concern

The trustees have considered possible events or conditions that might cast significant doubt on the ability of the charitable company to continue as a going concern. The trustees have made their assessment for a period of at least one year from the date of the approval of these financial statements. In particular, the trustees have considered the charitable company's forecasts and projections upon the viability of the charitable group. After making enquires, the trustees have concluded that there is a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future and for the period of not less than 12 months from the date of signing the financial statements. The charitable company therefore continues to adopt the going concern basis in preparing its financial statement.

(iv) Government Grant Policy

Income from government or other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grant have been met, it is probable the income will be received and the amount can be reliably measured.

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LandAid Charitable Trust Limited (Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

1 Accounting Policies (continued)

(v) Income

Voluntary income including donations, gifts and legacies and grants are recognised where there is entitlement, possibility of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:

Income from commercial trading activities is recognised as earned (as the related goods and services are provided).

Income relating to events is recognised once the event has taken place.

Investment income is recognised on an accruals basis.

Gifts in kind are recognised at the charity’s best estimate of "the cost of acquiring the gift on the open market."

(vi) Expenditure

Expenditure is recognised when a liability is incurred inclusive of VAT which cannot be recovered. Contractual arrangements are recognised as goods and services are supplied. Grant payments are recognised when a constructive obligation arises. Expenditure is only deferred when an obligation for payment occurs in advance of the event to which it relates.

Direct costs are allocated to the activity to which they relate.

Direct fundraising are those costs incurred in attracting voluntary income and those incurred in fundraising activities.

Expenditure on charitable activities relates to the awarding of grants and an apportionment of support costs.

Support costs are apportioned on the basis of staff time spent on each activity.

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. Governance costs are included in support costs and apportioned to activities based on the amount of staff time spent on each activity.

(vii) Fund accounting

Restricted funds are separately recorded where a donor requires that a donation must be spent on a particular purpose or where funds have been raised for a specific purpose.

Designated funds represent monies set aside by the Trustees out of unrestricted general funds for a specific purpose.

Unrestricted general funds may be used towards meeting the charitable objectives of the charity at the discretion of the Trustees.

(viii) Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently at cost less depreciation and impairment losses. Assets that cost less than £500 are expensed.

(ix) Fixed assets

Fixed Assets over the value of £500 are depreciated over a number of 4 years.

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LandAid Charitable Trust Limited (Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

1 Accounting Policies (continued)

(x) Operating leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

(xi) Taxation

The organisation is a registered charity and is exempt from taxation on income arising from and expended on its charitable activities.

(xii) Retirement Benefits

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Charity pays fixed contributions into a separate entity. The assets of the plan are held separately from the company in independently administered funds. Costs are accounted for as they occur.

(xiii) Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of 90 days or less.

Current Asset Investments include short term deposits held with banks and other short-term liquid investments with original maturities of 90 days or more.

(xiv) Financial instruments

Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

Debtors and creditors

Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price and subsequently measured at amortised cost less any impairment.

(xv) Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the Charity's accounting policies, the Board is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There were no material judgements, estimates or assumptions made by the Board in preparing these financial statements.

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LandAid Charitable Trust Limited (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

3
Income
3a
Donations and legacies
Unrestricted funds
Donations
Gift in Kind (Pro Bono value donated)
Gift in Kind (Rent)
Restricted funds
Donations
Total Donations and legacies
3b
Other trading activity
Unrestricted funds
Events - LandAid Charitable Trust
Events - LandAid Functions
Total other trading activity
3c
Investments
Unrestricted funds
Bank interest
4
Expenditure on
4a
Raising funds
Direct fundraising
Support costs
Fundraising events
Unrestricted funds
Direct costs - LandAid Charitable Trust
Direct costs - LandAid Functions
Support costs		 Total
2024
£
823,342
1,025,718
70,000
1,506,201
3,425,261
735,394
322,456
1,057,850
47,808
Total
2024
£
-
603,846
603,846
42,603
165,310
517,582
725,495		 Total
2023
(as restated)
£
1,137,225
440,868
70,000
2,310,184
3,958,277
717,161
162,284
879,445
18,593
Total
2023
£
-
473,079
473,079
134,392
-
402,692
537,084

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LandAid Charitable Trust Limited (Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

4 Expenditure on (continued) Notes Unrestricted Restricted Total
Funds Funds 2024
4b Charitable activities £ £ £
For the year ended 31st March 2024
Grants payable to Institutions:
1625 Independent People - 50,000 50,000
Active Horizons - 66,500 66,500
Amicus Trust - 2,400 2,400
Boost Up 39,603 - 39,603
Canopy Housing 50,000 50,000 100,000
Cardinal Hume Centre - 47,000 47,000
Caring in Bristol - 5,700 5,700
Community Campus 40,000 - 40,000
Concrete Rose 57,568 - 57,568
Fat Macy's Foundation - 20,000 20,000
Gloucestershire NightStop 10,700 50,000 60,700
Greater Change - 75,000 75,000
Habitat for Humanity 20,000 20,000 40,000
Hope into Action - 39,000 39,000
Hope into Action (Southampton) 34,964 34,964
Latch 95,125 6,200 101,325
Llamau 35,625 - 35,625
Local Solutions - 975 975
Look Ahead - 294,225 294,225
MACS Supporting Children & Young People - 1,200 1,200
Migration Foundation -
 86,645 86,645
Moving Up Durham 68,080 - 68,080
National House Project Croydon - 25,000 25,000
Oasis Community Housing - 5,600 5,600
One YMCA 147,226 - 147,226
Porchlight - 2,500 2,500
Quarriers - 2,000 2,000
Right There - 7,000 7,000
Rock Trust - 7,000 7,000
Shelter - 25,000 25,000
Spires Centre - 15,000 15,000
St Basil's 16,161 226,000 242,161
St Christopher's Fellowship - 20,000 20,000
Staying Put 27,000 - 27,000
Step By Step - 3,000 3,000
Sussex NightStop 6,050 37,783 43,833
The Albert Kennedy Trust - 43,797 43,797
The Benjamin Foundation - 2,000 2,000
Ukraine Fund - 4,000 4,000
Women Centre Homes - 75,000 75,000

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LandAid Charitable Trust Limited (Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

4
Expenditure on (continued)
Notes
4b
Charitable activities
Grants payable to Institutions:
For the year ended 31st March 2024
YMCA Cornwall
YMCA Trinity Group
Young Herts
Young Homeless Project Birmingham
Young People and Children First
Youth Legal
Total Grants
Support costs
Returned grants
Gift in Kind (Pro Bono valued expended)
TOTAL		 Unrestricted
Funds
£
-
-
-
-
-
-
613,138
520,391
(293,889)
1,025,718
1,865,357		 Restricted
Funds
£
500
5,000
3,500
12,000
2,000
10,000
1,383,489
83,455
(156,564)
-
1,310,380		 Total
2024
£
500
5,000
3,500
12,000
2,000
10,000
1,996,627
603,846
(450,453)
1,025,718
3,175,737

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LandAid Charitable Trust Limited

(Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

4b
Grants payable to Institutions:
Andrew's Charitable Trust
Centrepoint
CBRE
Depaul - Manchester
Deptford Ragged Trust
Foyer Federation
Foyles Women's Aid
Greater Manchester
Hope Nottingham
Look Ahead
Roundabout
St. Basil's
St. Basil's Live and Work
StreetSmart
Trac Cambridge
YMCA London City & North
YMCA St Paul
YMCA Together
YMCA East Surrey
First Step Roundabout
Action for Homeless
Salford Foyer
1625 Independent People
Aspire Oxford
Assocation of Ukrainians in GB - various
Beverley Cherry Tree Community Centre
Refugee Support & Resettlement - various
East Street Mews
Herts Youth Homeless
Investing in People and Culture
Latch
Local Solutions
Pendle New Neighbours
Positive Action in Housing Ltd
Shelter
The Albert Kennedy Trust
The Clock Tower Sanctuary
YMCA Norfolk & Trinity Group
Total Grants
Support costs
Returned Grants
Gift in Kind (Pro Bono valued expended)
TOTAL
Charitable activities
For the year ended 31st March 2023		 Unrestricted
Funds
£
-
267,206
-
120,199
90,000
120,000
1,100
10,000
1,300
-
-
62,161
-
-
15,000
1,250
-
-
75,000
30,000
135,000
115,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,043,216
577,927
(10,175)
440,868
2,051,836		 Restricted
Funds
£
61,575
-
90,000
-
-
-
-
10,000
1,300
133,166
80,000
5,000
240,000
461,057
35,000
-
30,000
50,000
-
-
-
-
25,000
7,500
44,711
10,000
40,360
6,000
11,400
4,800
20,000
12,825

5,000
10,000
14,603
17,103
4,600
19,300
1,450,300
1,450,300		 Total
2023
as restated
£
61,575
267,206
90,000
120,199

90,000
120,000
1,100
20,000
2,600
133,166
80,000

67,161
240,000
461,057
50,000
1,250
30,000
50,000

75,000

30,000
135,000
115,000
25,000
7,500

44,711
10,000

40,360
6,000

11,400
4,800

20,000
12,825
5,000
10,000

14,603

17,103
4,600

19,300
2,493,516
577,927
(10,175)
440,868
3,502,136

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LandAid Charitable Trust Limited

(Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

4c
Governance costs
Audit
- LandAid charity - Audit fee
- LandAid charity - under provision for prior year
- LandAid Functions - Audit fee
- LandAid Functions - under/(over) provision for prior year
TOTAL
4d
Unrestricted funds
Wages and salaries
Recruitment expenses
Consultancy fees
Marketing
Miscellaneous
Travel, accommodation and subsistence
Office supplies
Rent and service costs
Insurance
Bank charges
IT expenses
Governance costs
HR Expenses
Training
Depreciation
Tax Charge
Movement on bad debt provision
TOTAL
4d
Support costs (continued)
Allocated, on the basis of estimated time spent, to:
Direct fundraising
Charitable activities
Fundraising events
TOTAL		 Total
2024
30,179
-
5,248
-
35,427
Total
2024
1,172,510
48,907
149,087
27,737
18,277
55,527
15,387
75,788
7,155
4,107
36,848
35,427
6,517
22,336
26,338
-
23,324
1,725,273
2024
£
603,846
603,846
517,582
1,725,273		 Total
2023
13,944
2,026
7,008
-
22,978
Total
2023
971,565
36,771
52,611
37,802
33,332
33,188
5,742
75,082
5,083
3,102
26,131
22,978
2,967
31,647
13,707
14,318
87,672
1,453,698
2023
£
473,079
577,927
402,692
1,453,698

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LandAid Charitable Trust Limited (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

5 Staff Costs

a) Analysis of total employee costs

Analysis of total employee costs
Salaries and wages
Social security costs
Recruitment costs
Pension costs:
Defined contribution schemes		 2024
£
1,017,583
101,320
48,907
53,607
1,221,417		 2023
£
840,305
82,515
36,771
44,901
1,004,492

b) Employee costs

The number of employees whose emoluments exceeded £60,000 were:

£60,001 -£70,000
£70,001-£80,000
£80,001 - £90,000
£90,001 - £100,000		 Group
2024
1
1
2		 Group
2023
1
-
1
2

The pension contribution for these employee's under defined contribution schemes was £13,916 (2023: £13,499).

c) Average monthly number of employees

Group Group
2024 2023
Office and management 26 21

d) Trustees and key management personnel

No trustee received remuneration during the year (2024: nil) and no Trustees received any reimbursed expenses (2023: nil).

Key Management Personnel include the Trustees and 6 members of the senior management team (2023: 6 members). The total remuneration received by Key Management Personnel was £433,825 (2023: £428,635). Pension contributions relating to senior management were £25,052 (2023: £23,969).

There are no employees within LandAid Functions.

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LandAid Charitable Trust Limited (Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

Computer Equipment Group & Charity

Cost
At 1 April 2023
Additions
Disposals
As at 31 March 2024
Depreciation
At 1 April 2023
Depreciation charged in the year
Disposal
As at 31 March 2024
Carrying amount
As at 31 March 2024
As at 31 March 2023
7
Investments
Investment in LandAid Functions Ltd		 Group
2024
-
-		 Group
2023
-
-		 Charity
2024
2
2		 £
92,058
22,732
-
114,790
23,364
26,338
-
49,702
65,088
68,694
Charity
2023
2
2

38

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LandAid Charitable Trust Limited (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

7a LandAid Functions Limited

The Charity owns the whole of the issued ordinary share capital of LandAid Functions Limited. The company is incorporated and registered in England and Wales, registration number: 02012882, and covenants its taxable profits to the Charity by Gift Aid. The principal activity of the company is to organise charity fundraising events on behalf of its parent company.

A summary of LandAid Functions Limited's trading results are shown below:

Statement of income and retained earnings
Turnover
Cost of sales
Gross profit
Administration expenses
Profit
Tax on profit on ordinary activities
Retained earnings brought forward
Donation to parent charity
Retained earnings carried forward
Balance Sheet
Current assets
Debtors
Cash at bank
Current liabilities
Creditors
Net Assets
Called up share capital
Retained earnings
Shareholder funds		 2024
£
314,276
-
314,276
(205,086)
109,190
-
137,641
(123,323)
123,508
79,675
162,823
242,498
(118,988)
123,510
2
123,508
123,510		 2023
£
161,750
-
161,750
(85,147)
76,603
(14,318)
75,356
-
137,641
46,620
179,495
226,115
(88,472)
137,643
2
137,641
137,643

39

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LandAid Charitable Trust Limited

(Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

8
Debtors
Trade debtors
Other Debtors
Bad Debt Provision
Amounts owed by group undertakings
Prepayments & accrued income
9
Creditors: Amounts falling due within one year
Trade creditors
Amounts owed to group undertakings
Grant Creditors
Other creditors - pension
Taxation & Social Security
Accruals & deferred income
10
Deferred income
At 1 April
Released in the year
Deferred in the year
At 31 March		 Group
2024
£
281,441
491,979
(113,817)
-
566,821
1,226,424
Group
2024
£
71,616
-
1,393,998
9,284
65,806
82,148
1,622,852
Group
2024
£
7,250
(7,250)
10,000
10,000		 Group
2023
£
41,700
403,878
(201,131)
-
389,846
634,293
Group
2023
as restated
£
31,948
-
2,305,632
7,990
42,057
40,387
2,428,014
Group
2023
£
153,750
(153,750)
7,250
7,250		 Charity
2024
£
173,388
499,951
(71,475)
-
558,849
1,160,713
Charity
2024
£
58,673
5,992
1,393,998
9,284
29,782
20,308
1,518,037
Charity
2024
£
-
-
-
-		 Charity
2023
£
-
403,878
(195,731)
47,836
379,526
635,509
Charity
2023
as restated
£
31,948
-
2,305,632
7,990
30,697
17,789
2,394,056
Charity
2023
£
100,000
(100,000)
-
-

40

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LandAid Charitable Trust Limited (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

11 Capital and reserves

The company is limited by guarantee and does not have share capital. Each member gives a guarantee to contribute a sum, not exceeding £1, to the company should it be wound up. At 31 March 2024 there were 12 members (2023: 12).

12 Analysis of Group Net Assets between Funds

31 March 2024
Tangible assets
Fixed assets
Net current assets
31 March 2023 as restated
Tangible assets
Fixed assets
Net current assets		 Restricted
Funds
£
-
1,665,124
1,665,124
Restricted
Funds
£
-
1,864,593
1,864,593		 Designated
Funds
£
-
-
-
Designated
Funds
£
-
-
-		 Unrestricted
Funds
£
65,088
647,230
712,318
Unrestricted
Funds
£
68,694
418,313
487,007		 Total
Funds
£
65,088
2,312,354
2,377,442
Total
Funds
£
68,694
2,282,906
2,351,600

Within the Unrestricted Funds the amount of £48,387 (2023: £137,641) relates to LandAid Functions.

41

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31st March 2024 £ 423,575 134 8,000 170,000 16,545 - - 199,972 - (154,964) 50,000 882,177 - - - 18,020 - - - 51,665 1,665,124 712,318 2,377,442
Fund Transfers £ - - - - - - (3,773) - - 16,659 - - - - - - (142,327) (30,636) (235,213) - (395,290) 395,290 -
Outgoing Resources £ - - - - (83,455) (25,000) - - (20,000) (419,964) (60,000) (405,566) (20,000) (180,870) (86,645) (8,880) - - - - (1,310,380) (3,194,698) (4,505,078)
Incoming Resources £ - - - - 100,000 - - 135,000 20,000 265,000 85,000 741,300 20,000 88,236 - - - - - 51,665 1,506,201 3,024,719 4,530,920
1st April 2023 £ 423,575 134 8,000 170,000 - 25,000 3,773 64,972 - (16,659) 25,000 546,443 - 92,634 86,645 26,900 142,327 30,636 235,213 - 1,864,593 487,007 2,351,600
PY Adj £ - - - - - - - - - (90,000) - (30,000) - - - - - - - - (120,000) (514,630) (634,630)
1st April 2023 £ 423,575 134 8,000 170,000 - 25,000 3,773 64,972 - 73,341 25,000 576,443 - 92,634 86,645 26,900 142,327 30,636 235,213 - 1,984,593 1,001,637 2,986,230
Restricted Funds Palmer Capital (Social Investment) Emergency COVID-19 Appeal Stantec (Depaul UK) Frontier Estates (Milton Keynes) Pro Bono Programme M&G (YMCA St Pauls ) Knight Frank - Day of Giving Employability Programme Buona Causa CBRE (Legacy Impact Fund) Lendlease StreetSmart Burger & Lobster Property Race Day Frontier Estates (Ukraine Appeal) CBRE (Ukraine Appeal administration costs) St Basils (Live and work) Eastern Region Fundraising income from sleepout (Regions) Scottish Regional Board Total Restricted Funds Total Unrestricted Funds Total Funds

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LandAid Charitable Trust Limited (Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31st March 2024

Restricted Funds

Please note: The transfers out of restricted funds, reported in Note 13, are as a result of the restriction being complied with through unrestricted funds in the year and therefore reimbursed.

Palmer Capital (Social Investment)

This sum was received in June 2022 to fund the projected LandAid Social Investment programme where it is planned to purchase a property for refurbishment to provide accommodation for young people experiencing homelessness.

- Emergency COVID 19 Appeal

This is a small balance remaining from our 2020 Emergency Appeal.

Stantec (Depaul UK)

This donation is to support young people moving into accommodation through our BtR programme, in partnership with Depaul UK.

Frontier (Milton Keynes)

Received in June 2022 from Frontier Estates (through Fiera Real Estate) to fund accommodation for young people at risk of homelessness in the Milton Keynes area.

Pro Bono Programme

These funds are restricted to our Pro Bono programme and cover operations and running costs.

Employability Programme

Donated by LandSec, SEGRO, and the Hilton Foundation these funds are restricted to our Employability programme and cover operations and running costs, as well as targeted grants payments.

Lendlease

These funds have been donated to LandAid and restricted to Greater Change’s Young Person’s Flexible Fund and our Build to Rent deposit scheme.

StreetSmart

Donations from StreetSmart are for UK projects providing homes for young people experiencing homelessness.

CBRE (Ukraine Appeal administration costs)

Funds remaining from a donation to support the administration of our Ukraine Appeal and associated programme expenditure.

Scottish Regional Board

Funds raised by the Scottish Regional Board and earmarked for approved project spend in Scotland.

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LandAid Charitable Trust Limited (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

Restricted Funds
M&G (YMCA St Pauls)
Property Race Day
Knight Frank - Day of Giving
StreetSmart
St Basils (Live and work)
Employability fund (SEGRO)
CBRE (Legacy Impact Fund)
Stantec (Depaul UK)
Frontier (Milton Keynes)
Lendlease
Fundraising income from sleepout (Regions)
Palmer Capital (Social Investment)
Palmer Capital (Ukraine Appeal)
CBRE (Ukraine operational costs)
Eastern Region
Trac Cambridge
Emergency COVID-19 Appeal
Total Restricted Funds
Total Unrestricted Funds		 1st April
2022
£
-
120,571
29,205
487,500
205,724
-
-
-
-
-
135,426
-
-
-
26,149
-
134
1,004,709
1,002,875
2,007,584		 Incoming
Resources
£
25,000
100,251
3,773
520,000
176,953
85,000
250,000
8,000
170,000
50,000
156,366
423,575
228,130
50,000
28,136
35,000
-
2,310,184
2,520,471
4,830,655		 Outgoing
Resources
£
-
(128,188)
(29,205)
(431,057)
(240,350)
(20,028)
(176,659)
-
-
(25,000)
(56,579)
-
(141,485)
(23,100)
(23,649)
(35,000)
-
(1,330,300)
(2,521,709)
(3,852,009)		 Fund
Transfers
& losses
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 31st March
2023
£
25,000
92,634
3,773
576,443
142,327
64,972
73,341
8,000
170,000
25,000
235,213
423,575
86,645
26,900
30,636
-
134
1,984,593
1,001,637
2,986,230

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LandAid Charitable Trust Limited (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

14 Related Party Transactions

The charity has now moved into Knight Frank's offices in Baker Street with whom it has a close working relationship. Knight Frank has provided office space to the charity worth £70,000 as a gift in kind.

The Trustees and their companies donated a total of £179,143 to LandAid Charitable Trust in the year (£211,808 in 2023). LandAid Functions also received £nil of events and sponsorship income from the Trustees and their companies (£nil 2023).

15 Reconciliation of net incoming resources to net cash inflow from operating activities

Net (Outgoing)/ Incoming resources for the year
Depreciation charges
Interest received
Loss on investments
(Increase) in debtors
Increase/(Decrease) in creditors
Net cash (outflow)/ inflow from operating activities		 2024
2023
as restated
£
£
25,842
237,339
26,338
13,707
(47,808)
(18,593)
-
-
(592,131)
(205,629)
(805,162)
692,375
(1,392,921)
719,199

16 Pension Scheme

The Charity operates a defined contribution pension scheme on behalf of certain employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The outstanding commitment for contributions due under this scheme as at 31 March 2024 is £9,284 (2023: £7,990).

17 Agency Transactions

In accordance with the SORP, agency transactions are excluded from the accounts. The amounts excluded are as follows:

Bal B/fwd
Income
Expenditure		 2024
2023
£
£
21,693
28,896
63,421
107,600
(81,180)
(114,803)
3,934
21,693

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LandAid Charitable Trust Limited (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

LandSec

Landsec is a property company that creates places that make a lasting positive contribution to communities and our planet. Landsec is a LandAid Strategic Partner. LandAid manages a Landsec grants programme under a management agreement. The decisions regarding the projects supported through this programme are made by the trustees of Landsec. Therefore SORP requires these transactions to be treated as agency transactions. At the balance sheet date the charity held £3,934 (2023: £21,693) which it had received from Landsec, but not yet spent on projects approved by Landsec.

Accordingly, in line with the Statement of Recommended Practice (“SORP”) on charity accounts the transactions related to the above funding requires that they are treated as having been received by the charitable funds as an agent, and in line with the SORP these transactions are recognised in neither the Statement of Financial Activities nor the balance sheet of the charitable funds. Details of those transactions are set out in this note above.

18a Reconciliation of Balance Sheet and Reserves at 31 March 2023

Notes
Group
2023
previously stated
£
Fixed Assets
Tangible Fixed Assets
4
68,694
Current Assets
Debtors
8
634,293
Current Asset Investments
Cash at bank and in hand
4,050,967
4,685,260
Creditors: Amounts falling due
within one year
9
(1,767,724)
Net Current Assets
2,917,536
Total Net Assets
2,986,230		 Prior year
adjustment
£
-
-
1,886,859
(1,861,199)
25,660
(660,290)
(634,630)
(634,630)		 Group
2023
as restated
£
68,694
634,293
1,886,859
2,189,768
4,710,920
(2,428,014)
2,282,906
2,351,600

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LandAid Charitable Trust Limited (Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st March 2024

18b Reconciliation of Statement of Financial Activities for the year ended 31 March 2023

Notes
Group
2023
previously stated
Income
£
Income from charitable activities
Donations
3a
3,932,617
Income from trading activities
3b
879,445
Investment income
3c
18,593
Total Income
4,830,655
Expenditure
Expenditure on raising funds
Direct fundraising
4a
473,079
Fundraising events
4a
537,084
Expenditure on charitable activities
4b
2,841,846
Total Expenditure
3,852,009
Net Income/Expenditure
978,646
Total funds brought forward
13
2,007,584
Total funds carried forward
12
2,986,230		 Prior year
adjustment
£
25,660
-
-
25,660
660,290
660,290
(634,630)
(634,630)		 Group
2023
as restated
£
3,958,277
879,445
18,593
-
4,856,315
473,079
537,084
3,502,136
4,512,299
344,016
2,007,584
2,351,600

Prior year adjustments reflect cash received for a bank account where statements were unavailable at 31 March 2023, reclassification of Current Asset Investments and grant commitments of £660,290 with constructive obligations made before 31 March 2023 which were not recorded.

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