CHARITY REGISTRATION fiuMBER: 326993 LEIA EDUCATIONAL TRUST UNAUDITED FINANCIAL STATEMENTS 30 SEPTEMBER 2020 Chartered Certified Accountants Numerie House 98 Station Ro&d Sidcllp Kent DA15 7BY
LEIA EDUCATIONAL TRUST FtNANCIAL STATEIMENTS YEAR ENDED 30 SEvfEMBER 2020 Pagos Trustees. anllualieport lttdependentexamiller'srel to the tru5tee8 Statement of fiJJattciai &cttviti¢s SttemeLt of fiJJattciaiposition Notss to the fiLncial statements 7toll
LEIA EDUCATIONAL TRUST TRUSTEES, Af4NUAL REPORT YEAR EM)ED 30 SEvfEMBER 2020 The trn$t¢¢5 pre$ent their report ond the unaudited financlai statements of the clwity for the y&gr ended 30 Sept¢mber 2020. REFERENCK AND ADMINISTRATIVE DETAIts Reglstereil ch4rlty IEIAEduc4tional Trusr Ch#rlty reglstr#tlon nwnber 326993 Prlrtclp offiee 33-34 Devonshire Street IA)ndDn WIG 6PY THE TRUSTEKS W Jertc]JneE N Mellor D Sharp (Retsred 31 Decemb2019) IS¢rv¢d from I Sanvary 2020 to 31 Dccc]nb¢r 20201 (Served from 6 Febrnary 2020 to E6 Novetnber 20201 D Warr I GJoncs JndeptlldttTrtex&nMner M VJnni8 ACA, ACCA Num¢rir House 98 Station Road Sidcup Kent DA157BY srRUCTURE, GOVERNANCE AND MANAGEMENI The Trust governing document is in the folln of a Deed ade OD 30 Ociober 1985. The Tnjstees are appoittted by virtUB of the afficB they hold with LEIA. bt ntcd not to bc rcslAcicd to office holders. The Offic bc53)g President. Past-President atLd Managing DirwtOT, suGh appoint[15 b¢ing tn8de at the As$ociatiorts Annual General Meeting. TTusiees are drawrL from the Association's Board and ha experience itl fulfilling thcir obligations and will have reccived regular reFK)rts on Th1 activity. In ordeT In illCFBase awaTBnests of Ihtir re8ponsibtJitics Trustee's attention is periodic811y drawn to the Clwiiy conuls$10Jj publication cntitled The Ess¢ntial Tru5tc6'. The T1 Manager has access to a wide rdnEe of exr*rtise that exists withill thc fraEn6WOtk of th¢ Asso¢iatiotk ILEIAI. th¢ Manager repoTts to the A55ociation's MaDaBÈng Director wha 18 a ttyL. Trust activity 18 ovcrsceTr by the Tn]stees io whom the Mallaging Direclorltrustee reports at meetings whicb place thT¢¢ litnBs a ar.
LEIA EDUCATIONAL TRUST TRIJSTEES, LYNUAL REPORT(¢nhrttséd) YEAR ENDED 30 SEPTEMBER 2020 OBJECTIVKS AND ACfivIEs The objectives of thc Trust gre ihe upholding aDd developments of $tartdgrdB of ¢ducation, trainiTLg and competence for those working within, or co[ec[ed th¢ lift and escalator industry and the promoitott (jf sllch s10ndds I the interests of employees a]M] thE public at large tty 5rlting out the Thist's objectives the Thte¢S have gtveA c&rcfuI Consideratioll to the Charity CommÉssion's g¢neraI guidance on publie benefit. Not only the etthaJJcertMt of knoWIge and expertise buL 21so with regard to safe use of products and e8pecia]ly in pioviding gutdance to assist owntr% ill guiding th¢ publxc iTr general. Certain copies of this guidanee is now ayailablc on thc Association's website and there are plans for this io be further developed. The Tnjxts rts2in activitie5. COD8iStent WAth the furth¢raucc of its objectives. fallijllo IWO PTin¢ipal arw.'_ MaMa8Bment of education through Disiance Ikarlling, a course run by the tA Educaiional TN$t - thi8 can inw)Ive up to 300 sllJdeLts itt any wadtmic ycar. Th¢ d¢v¢lopment and managenJent of traaning tIOll8h Qllaltfication CTedit Framcwork (Qc developed spectfically for the lift and escalator iJJdustry in ¢oxajusKtiorL wilh the Educalion Achievement and L¢arning IE4L Ltd). ACHIEVEf¥iENTS AF4D PERFORMANCE Thi5 yBar bas been particularly chall¢nging for both the Trust and learners owillg to the COVID-19 pattdemic. There are Ihree intÈke$ for Distance tarning course& y¢as- in January. May and September. A v¢ry bigh level of upt&ke was seen in May and ajso Scptcmb6r a8 lcarners acce88ed our dIstCe learnIg provision. We we able to support thi5 d¢rnand and to innovate ways lo deliver end-tests away from a tradt(iona]ly invigilai¢d ¢nd-Ée8t at a test centre. FolltswAthg thc revision of the LEIA Ds$tanr¢ L¢illg unit "IRtrI)ducuon io Lift Te¢hnology" work has been ongoing on revisiojk of th¢ unit FundameIJtals of Lift TctholDgy'. IEtA Di¥ta2)ce I18 Units h2v¢ bte modifJ¢d Anto an on-linc fo[llt for dclivery and as5¢Esrnent. I the tollr5es, Di51aDce tkarnillg and NVQ for whirh th6 TNst hag rEsponsibility satisfy llLtionally e8tabli8hed criteria &nd are sttucNred to varyitig 16v6ls of achievement ill order to tel wxde range and Deed. They are availablt to all who may bc AThtcr&8led and guidallce is availabl¢ through the Tn2st or in cas6 of acad¢]nic sthdy the Uniysiry of Northompton. Thereserves at 30 September 2020 a]nOTrted to £451,411 {2019.. 456,7421 The adequ&cy of the reserve$ poliGy 15 revi¢weil annually. PLANS FORFtriuBE PFRIODS At the end of the year, we weTe in di5CU5sion with the University of Northampton over tho development of new DAstgn¢¢ L£#tning units aimed at 8UPPOrtirtg the futttteneeds of learneTS ¢hToughout the industry.
LEIA EDUCATIONAL TRUST TRUSTEKS, ANNUAL REPORT l¢¢inllNlled) YEAR ELYD£D 30 SEpfEMBER 2020 3010312021 The trutstCCS' aTUal TBPOrt was approved on.............................. and signed orL behalf of the bDaTd of truste¢s by.. W Jcnchller Tstee
LEIA EDUCATIONAL TRUST ]NDEPENDENT EXAIM1Tr4ER'S REPORT TO THE TRUSTEES YEAR ENDED 30 SEPTEMBER 2020 I report to the trusler4 on my cxatninatiott of the fu]anLiil st&t6ments of LEIA Educational Trnst I'the charity? for the ycar ended 30 septemb 2020. RESPONSIBILITIFS Af4D BASIS OF REPORT As thB Ghity trustees of the Thist you are responsible for the preparation of the a¢¢ounl$ ATL icrordan¢¢ with th¢ requirenllts of the Charities Act 201I ('(he Act.). INDEPENDENT EXAMINER'S STATEMENT I have compl¥led my ex*miEJatioL. I cottfllyn that no material matteES have come to my attention in coMtion with the examinatiou giving Tne cause to believe thatin any nTrateral respect.. . accounting rccord5 wer¢ notkept in respect of the Tn]st as required by se¢tion 130 of the A¢L- or 2. th¢ accounts do not accord with those records., or 3. th¢ acc£kunt8 do Not comply wilh the app]icable requirements concernitig the fonts aad ¢ont¢nl of accounts sct out tht ChdritiLs {ActollntS 8n(S Rep<>} Regulalioiis 2008 other thao any requirement that the accounts give a 'ttuc alld tasr view which is not a mauer considered as port of au AdeF¢(}ertt examination. I have E)0 concerns alld have come acmss Lo other maiiets in cortnettion with the eAafftitMtion to Mthich attention shauld be drawn ID this report in order to ellable a proper ullderstattdittg of the accounL8 to be re2ched. M Finni8 ACA, ACCA Indcpcndcnt Bxatjiner Numcric Housc 98 Station Road Sidcup Kent DA15 7BY 30 March 2021
LEIA EDUCATIONAL TRUST STATEMENT or FANcthL ACltvrrILs YEAR ENDED 30 SEIryEMBER 2020 2020 unTtrIcted fi]nds Totsl funds 2019 TotBI fllnds Note tnconw and endowments DonatsDns and Itgacies Charitabl¢ activities vestments 89,392 94,669 I,oJ6 96.720 621 96,720 621 Total ineojlle 97,341 97,341 185,fJ67 xp¢ndlture Expenditure on charitable actlVAiies Total &enditUre Iir2,672 101072 83,432 Eir2,672 102,672 83.432 Net (expenditure)fJncome nctmowement in {5,331} 15,3311 101.635 ReconcillAtton of funds Total fuKhd$ brought forwsrd Total t$ earrfed forward 456,742 456,742 451.411 355.107 451,411 450.742 The stsiement of fJn8ttcial aciiviiie8 xncludes a]1 gattis ajjd losses recoglsed in the year. All income and expenditure derive frDm continuing activiti¢s. The not£5 on pages7 to 11 form part ofthese finandal statements.
LEIA EDUCATIONAL TRUST STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2020 2020 2019 Notv CURRENT ASSETS Debtors Cash at bank and An lthnd 12 17,206 5114,300 521,506 18,970 461.700 480,670 CREDTIORS: amounts dlle wlthln one year NET CURRENfASSETS 70,0gS 23.928 451,411 451,411 456,742 456.742 TOTAL LSSETS LESS CURRENT LIABILrriEs NET Assr8 451,411 456.742 FUNDS OF THE CHARITY Unrc3tricled fund5 451,411 451,411 456.742 Total ¢h#rity 15 456.742 3010312021 Th¢5¢ financial 5tat¢Tn¢nts wBr¢ approv¢d by ths board of trttstees attd authoristd for issue on ......................... and signed on behalf of th¢ board by.. W Jenc Trustee Nmel Th]stee The thijtes pages 7 lo 11 form part of thesè fIn£1] sthtements.
LEIA EDUCATIONAL TRUST NO'ILS TO THE FINthCIAL SIATEMRNTS YEAR ENDED 30 SEpfEMBER2020 Ceneral information The chlty 15 a pub]ic bBThefit entity al a re8isltted charity ID England Wales attd is uKtncorporated. The address of the wincipal offict is 33-34 Dcvollshit¢ Street. Lo]Mtoll. WEG 6PY. StateLwi¢ of ¢oJnpllAnce Th fin181 sratements have been prepared in coThpbgnr¢ with FRS 102. 'The Financial Reportitlg Standard applicabl¢ sn the UK alld the Repub]ic of treLItLd', the St&te]n6nt of Recommended Practice appli¢able 10 eharkties prepariug their accounts Sn accDrdance with the Financial Rcporting Staud8rd applicable ill thr UK Roub]ic of Ireland IFRS 1021 (Charities SORP IFRS 1021} ld the ChltieS Act 2011. Accounting pollcles B&sis of preparatlon The fitttncial slatemeJit8 have bwi PTepared the bislorical tost basis, a8 modified by the reYtIuation of certain financÉal and liabilities and investsent propertLes Dieasui¢d at fair value tbrough iDCOme or Exp¢nditllre. fiThaocial statements prepaT¢d in steTling, which is the fiLnctiOD81 curKY of the t1¢y. Going eon¢¢rn TIe are no n)alerial uncertainties about the chattty's ability (e cuntinue. JTtdg¥ments and key sourees of estim*tioD uncertthty There are tto stgnificaDt e%tillt¢S DT assuptions made that have a sigoificant risk tsf tausing a maierial adjustrnt to the carrying atnouttts of assets liabiJits¢s within th¢ next financial year. UrLre5tri¢ted ful$ represeni the funds of LEIA Edu¢aiional TtU$L that are not subject to any r¢5trictions regarding their use and are readily availablB for app]icatiott on th6 g¢ncral puryos¢s of th¢ Tn1.
LEIA EDUCATIONAL TRUST NOTES TO THK FtNANCIAL STATEMENTS IcDHliRtsed) YIQAR ENDED 30 SEpfEMBER 2020 Atcountlng policles (efrrttlrtutd) tn¢ome from eh&rtthble &etiviti&s Income from charitable activiti¢s ar¢ rxognised onte ihe has entidement to the rc80ure¢5. it is 6rtain that the resour¢es WAII be reVed Jd the JnoLetary vaIue of incoming resources can be llLeasurcd with sufficient reliability. DDnatloMs legaeÈes Donations arc t¢cogDi8cd sn th¢ acc04Ents when the charity bas been netified of the atnount aELd the dat¢ the donation will b¢ re¢eiv¢d, this is nonjjally wben a donation 18 rcceived in the PDSI or TecBived intD the charity bank account. tLgacic8 are recog)Sed on a Ca by case basis followirtg notification of the executor's intelltion to make a di5tributivn. A legacy, in whole or in part, És only recognised in the aceounis when receipt is considered probable and whcTr th¢ aount Gan be ]neasuTed Idtably by the charity. Where legacie8 havc bren notified lo the chatityy or the charity is &warc of the grallting of PEobate. and the ciiieria for income recogJJition have notbe¢n mel then the Irgacy is treat¢d a6 & ¢ontirtgent asset attd disclosed if illaterial. Expendithre on chaTitable Y4ctivities Expenditurc on Ch7tble aclAvitics is accounted lor on att accnt&ls basis atld ha8 been classified uThder headings Ihat a¥LTrcgate alL Costs relatcd to the activiry. LiabsJit1¢5 ar¢ recognised as reSOueS expended where therc is Y¢ legal 01 construGliv6 obllgation cDtThtnitting Ihc char&ty to the oxpenditure. Covcrnance costs Governance c05ts prc th¢ costs that i¢lat¢ lo the general n]JJning of the trust, as oppo%ed to those tosts associated wilh Ilje strntegic. as opp08ed to day-to-day, ]ngnag¢m¢nt of the wi's activities. Flnanclal tnstrunttts The Ttust only has financial assets and falL¢l&l liabAlitses of a kind thai qualify as basic financihL instrunllts. Basic fiuanrial in*ttumekl$ are initially reCogiSed at tra05aclioTr Yalue and subseouenily me&8ured at their settl¢nt valLK. Donatlons leggcIes Unr¢5¢¥icted Totsl Funds Unrestrict¢d Total Fun(L8 Funds 2020 Funds 2019 OTHER DONATIONS AF4D LEGACIES WorkslK>P activitie5 NVQ fr)nding LEIA Dottation 12.059 17.333 60.000 12,059 17,335 60,1)00 89,392 89,392
LEIA EDUCATIONAL TRUST NOT&S TO FtNANClAL STATEMENTs{¢oJpliue) YEAR ENDED 30 SEwfEMBER 2020 Ch&ritAble aetiTities Un¥estrictcd Total Fullds Unrestricted Total Funds Futtd$ Funds 2019 Enrolmen¢ distanct leattiing Sale of publications NAEC royalti&8 87,416 9,072 232 87,416 9,072 232 72,564 22,105 72.564 22,105 96.720 90,720 94,669 94.669 InveStnnts Unrestricted Tot91 Funds Funds 2020 Ut]resiricted Total Funds Funds 2019 Deposit t01 ittietest 621 621 1,006 Expenditiire OD charitable F4Ctiviti A¢tivA¢ies UJMJcrlaken di¢t1Y Support wsts Total Total fund 2019 2020 L¢attLing coutS¢S Governance costs 99,911 99,911 2,761 102.672 81,207 2,225 2,761 99,911 2.761 83,432 Analysis of support tosts tndepeJJdeLt exaJ]itLeEs fee Total 2020 Tot812019 Governance costs 2.761 2,761 2,225 tndependent exajnlnatlon feeB 2020 2019 Fees payable io the independent examincr for.. IndepeTrdBllt eLgUtion of ihe financia] statements 2.761 2.225 10. Staft costs and emolwnents partlcujgrs of ¢mployee8 Th¢ total staff c05ts and employee benefits forthe reporting period are stYSed a8 follows.. 2020 2019 Wages and Sai]eS 88,908 59,317
LEIA EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS I¢0thId) YEAR 30 SEvfEMBER 2020 111. St#ffcosts and emol¥Jments partieulars of employees The 2verage hea(1 coullt of employees duriDg the Ye was 212019.. 2}. The averagE ttumber of thll-tlme equivalent employees during the year18 analysed as follows.. 2020 No. 2019 Ma&Sement alld ddmioi$tr4ti0Th staff N(p Gmploy¢¢ r¢c¢ived ¢TnployeB b¢ucfits Df thaTl£60,O duritkg the year (2019.. Nil). 11. Tru5t¢¢ remuneration and expen5e5 NoTrB of th¢ trU51¢¢5 have be6n p?i(f nneration orhas reIVed otller bcnefLts from the Trust. No truslc¢ ¢xprn6¢5 hav¢ bEcn incurred dlg the ycar. 11 Debtors 2020 2019 Tr&d¢ d¢blors 173Q6 18,970 13. Credltors: anwunts falling due within one year 2020 2019 Trade creditor$ Accruals aJLd defeed it0e Other ¢redi¢ors 32,980 37,115 334 25,485 109 70.095 23,928 Deferred ItOrne relat¢s to enrollmenls for the next fL2Jancial year. 14. Deferred knme 2020 2019 At l October2019 20,523 (20,523) 35,051 35,051 31,735 131,7351 20,523 Amuunt iele3sed i]0e Amount defeed year At 30 Septtmber 2020 20.523 io
LEIA EDUCATIONAL TRUST NOTKS TO THE FINANCIAL STATEMENTS1¢oKtiiJMed) YEAR EF4DED 30 SEPTEMBER 2020 15. Analysis of charitable fund& Unrestrlcted fullds At 30September 2020 At I OGtober 2019 Expcndi(urc 456,742 97.341 1102,6721 451,411 At 30 Septtmber 2 019 At I OGtober 2018 Inct)Tne EKpellditure Gctteral funds 355,107 185,067 (83.4321 456.742 16. Anglysts of net a&%ets between flthds Untcstiicted Total FndS Fut05 2020 Curyent Assets Creditors less thao l y Net assets 521.506 170,0951 451,411 S21(j6 170,095) 451,411 Uestricted Total Funds Funds 2019 Currtnt Assets Creditl)TS less than l year Net asstLg 480,670 (23,928} 456,742 480,670 (25.92) 450,742 17. Flnon¢lal in5trwnents The carrying amount for each calegory of f]Dancial instrument is hs ftFIIows.' 2019 Financial assets at fair value through irttorne expenditure Thxde debtors 17,206 18,970 Fan&ncSal liabllitie$ rnellred at f&ir vallle througb income And expendlturc Trade creditors 32.980 334 li