CHARITY REGISTRAT10Tr4 NUMBER: 326993 LEIA EDUCATIONAL TRUST UNAUDITED FINANCIAL STATEMENTS 30 SEPTEMBER 2023 OPASS BILLINGS WILSON & HONEY LLP Chartered Certified A¢¢ountants Numeric House 98 StatÉon Road Sid¢up Kent DA15 7BY
LEIA EDUCATIONAL TRUST FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 Pages TruseS, annual pOrt Ito3 Independent examiner's report to the tneS Statement of financial activiiies Statement of financial position Notes to th¢ fin8n¢ial 51atements 7tfjll
LEIA EDUCATIONAL TRUST TRUSTEES, ANNUAL REPORT YEAR ENDED JO SEPTEMBER 2023 The tnte¢S present their report and the unaudited financial sta*ments of the Charity for the year ended 30 September 2023. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered tharity name LEIA Educational Trust Charlty registration number 326993 Principal office Rothenvick House 3 Thomas More Street St Katharine's & Wapping London EWI IYZ THE TRUSTEES N Mellor A D St2nnah P Turn¢r (Appointed l (ktober 2022) Independent ¢xamln¢r M Finnis ACA ACCA Numeric House 98 Station Road Sidcup Kent DA15 7BY STRUCTURE, GOVERl+lANCE AND MANAGEMENr The Trust governÉng document is in the fomi of a Deed made on 30 October 1985. The Trustec5 appointed by virtue of the office they hold LEIA, but need not to be restricted to otyjce holders. The olTices being President. Pa5t-President and Mana8ing Director, $u¢h appDinttE]ents b¢2n8 made at the Associaiion'$ Annual Genera] Meeting. Trustres are drawn from the Association's Board and have &xperie¢ ID fulflllin8 th¢ir obligations and will have re¢¢ived regular trport5 on Trust activity. In order io ittcr¢as¢ awarenes5 of their responsibilities Truste¢'s attention is periodi¢ally drawn to the Charity Commission publication tniitled The Essential Trustee,. The Trnst Manager has a¢¢e5S to a wide rnnge of expertise that exists within the framework of the Association {LEIAX the Manager rq)orts to the Association's Managing Dir¢¢tor who is a tNstee. Trust activity is overseen by the Tru5tte5 to whom the Mana8in8 D]rtttOrtrnlee repons at m¢eting5 which take place three times a year.
LEIA EDUCATIONAL TRUST TRUSTEES, ANNUAL REPORT (cQhtln4e4J YEAR ENDED 30 SEPTEMBER 2023 OWECTIVES AND ACTIVITIES The objectives of the Trust the upholdin¥ and devclopments of stalldards of educatio trainillg and eomp¢t¢nc¢ for those working within, OT coilliected with, the lift and escalator industy and the promotion of such standard5 in the int¢r¢sts of employees and the publi¢ at large. Itl setting out the Trnsi's objeetives th¢ TneeS have given careful consideration to the Charity Commission, geoerdl gu]datLce on public benefit. Noi only the enhanc¢m¢nl of knowledge aijd expertisc but also with regard to saf¢ use of products and esp¢¢ially in providing guidan¢e to assist owneTh in guiding the public in g¢nerdl. Certain copie5 of this guidanre is now available on the Association's website and thete are plaos for this to be fiffther d¢velope(L The Trust'5 main activities, ¢onsisient with the furtherance of its objtttives. fall into two principal ar¢as:_ Management of education through Distan¢e L¢#rnin& a c¢)urBe by the LEIA Edu¢ational Trust - this can involve up to 300 $tudetJts in any one academic ye. The development and management of training through Qualification Credit Framework (QCF) developed specifically for the lift and escalator industry in conjun¢uon with the EducatlOD Achievement and L¢aming (EAL Ltd). ACHIEVEMENfs AP4D PERFORMANCE The strong demand for distance learning gistratIOnS seen previoUy continued this year. The incre&%d demand 1$ not reflecied in th¢ Teported income owing to a 8ignificat)t proportion compl¢ting their studie5 after thc end of the year. Our long-stattding collaboration with the University continues. An importartt Èroup of l¢arnet5 which the TD2st has support¢d this year is apprents¢es. Previously we reported that the Tul¢s for Ceiving apprenticeship funds changed making it a r¢quirem¢nt foT th¢ Trust to be on the Register of Apprenticeship Training Providers {RoATPI. During the year. this transitioned to the Apprenticeship Provider and Asscssment Register (APAR} on which the Trust is regiskrrd. All the courses. Distance Learning alld NVQ, for whtd) the Tnzst hAs responsibility satisfy llationally established criteria and a SttlLciur¢d to varying levels of achievement in ordcr to meet wide range and ne¢d. They a available to ajl who may be interesied and guidance 15 ¥4vailabl¢ through the Trn5t or in case of acodemic study the University of Northamp¢on. FINANCIAL REVIEW The reserves at 30 September 2023 amount¢d to £466,389 (2022: £472,928) The ad¢qua¢y of the reserves policy is reviewed annually. PLANS FOR FtrruRE PERIODS At the end of the year. we We in discussion with the University of Northampton over the developm¢nt of new Distance Leartling ullits aimed at supportlil8 the firture t)e¢ds of l¢amen ihroughout the inth]5ty.
LEIA EDUCATIONAL TRUST TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2023 The ttvstees, annual report was appioved on11 July 2024 . and signed on behalf of the board of truste¢s by: Paul Turner Digitally signed by Paul Turner Date: 2024.07.11 12:16:54 +OI'IX)' N Mellor Trustee P Tum¢r Tjustee
LEIA EDUCATIONAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 30 SEPTEMBER 2023 I report to the trustees on my examination of the fmanciAI statements of LEIA Edu¢ational Tntst (the charity,) for the year end¢d 30 September 2023. RESPONSIBILITIES AND BASIS OF REPORT A5 the trustees of the charity you are responsible for the prepardtion of the financial statem¢nts in accordance wsth the requirements of the Charttie5 Act 2011 ('the Act'}. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and ll) ¢arrying out my examination I hav¢ followed all the applicable Directions given by the Charity Colnmission under seeiion 145(5)(b) of the AGL INDEPENDENT EXAMINER'S STATEMENT I have completed rny exalnination. I confirni that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= l. accounting records wer¢ not kept in respect of the Trust as required by seetion 130 of the A¢t- or 2. the accounts do not accord with those re¢ords' or 3. Ihe accounts do not comply with the applicable requirements concerning th¢ fonn and ntent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other ihan any requirement that the accounts give a 'true and fair view which És not a matter considered 85 part of an independent examination. I have no concerns and have eom¢ a¢r05s oth¢r Tnatt¢r5 in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. M Finnis ACA, ACCA Independent Examiner Numeric House 98 Station Road Sidcup Kent DA15 7BY 11-ts7- 201
LE EDUCATIONAL TRUST STATEMEfa OF FINATrICIAL ACTIVITIES YEAR KNDED 30 SEPTEMBER 2023 2023 Unre5trict¢d funds 2022 Total funds Total ndS Note Income endowment$ Donations and legacies Charitable activities Investmen 46.858 72.536 3.639 46,858 72,536 3,639 118,878 201 Total imeome 123,033 123.033 119,079 Expendliure Expendirnre on chatitable activitie5 Total cxpendlture 129,572 129,572 150,872 129,572 129,572 J50,872 Net expendltsrt #nd net moyernent in funds (6,539) 16.$39} (31,793) Reconciliation of funds Toial funds broughi forward Total funds earrled forward 472,928 466,389 472,928 504. 721 406J89 472,928 The stytemertt of fit]an¢ial activities include5 all gain5 and105ses reeo8ni5ed in the year. All incume aDd expendiivre d¢riv¢ rontinusng activitie& The notes pges 7 to I I form part of tbese finaneial 5tsteJDeDts.
LEIA EDUCATIONAL TRUST STATEMENf OF FINANCLiL POSITION 30 SEPTEMBER 2023 2023 2022 Note CURREiYf ASSETS Debtors Cash at bank and in hand 12 59,1$9 548,534 12.528 5Jl,469 607,693 523,797 CREDrroRS: amounts falling due wltbin one year NET CURREprf ASSETS 13 141J04 50,869 466,389 472. 928 TOTAL ASSETS LESS CURRENT LIABILITIES 466.389 472,928 NET ASSETS 466J89 472.928 FUNDS OF THE CHARITY Unrcstricted funds 466J89 472.928 Tot1 ¢h#rity funds 15 466J89 472.928 The8e financial statements were approved by the board of trustees and authorised for issue on .... and are signed on b¢half ofthc board by.. Ilor Paul Turner Digitally signed by Paul Turner Date.. 2024.07.11 12:17:28 +01,00, P Tumer Tslee The notes on pAges 7 to 11 form part of these fiDanclal $ttemeDt
LEIA EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEIIqENTS YEAR ENDED 30 SEPTEMBER 2023 CeBeral Informatio The chlty L5 a public benefit cntity and a registered charity itl England and Wales and is un]ncooratcd. The address of the principal office 15 Rotherwick House, 3 Th¢)mas More Street, St Katharfftne's & Wapping, London, EWI IYZ. Statement of compJian¢e Th¢s¢ financial staiements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK an41 the Republic of Ireland,, the StRtetnent of Recommended Practice applicable to charitie5 preparing their ac¢ounts in ac¢ordance with the Financial Reponing Standard applicable in the UK and Republic of Jrelatjd IFRS 102) (Chariti¢s SORP (FRS 102)) and the Chariti¢$ A¢t 2011. ActouDting polities Basi5 of prepAratlon Th¢ financial statement5 have been prepared on the histori¢al Cost basis, as modified by the revaluation of certaitt financia] assets and liabilities and invesknent properties measured at fair value ihrough income or expenditure. The fujancial statemellts are prepared in Sterling, which is the funciional cutrency of the entity. Golttg concern There are rnaterial uncertainties about the charity's ability to ¢ontinu¢. Debtors Debtors are initially record * far value and are assessed for impaimlent at each year end dat¢. If any iTnpairnients exE5t the debtors ar¢ re-m¢asur¢d to the pr¢sen¢ value of th¢ eXpted future eash inljows. Creditors Creditors are initially r¢cord¢d at fair va]ue aTLd are then rEmeasured to the present value of the expe¢ted future cash ollfflows. Judgements key sources of e5titThRtion uneertAIDty Theie no 5ignif)rant estimat¢5 or as5umptLons made ttjat h¥4ve a Silfie2l risk of causing o [erial adjustment to the carrying amounts of asscts and liabiltttes within the next financial year. Fund accountlng UtJrestric¢d fvnds Jrpresent the fvnd5 of LEIA Educational Trust that arc not subject to any restrictions regarding their use and are readily available foroppli¢ation ort the general purposes of the Trust.
LEIA EDUCATIONAL TRUST NOTES TO THE FINAf4CIAL STATEMENTS (cDnliRudJ YEAR ENDED 30 SEPTEMBER 2023 A£covntlng polleles JD¢ome from eharltable activities Intoe from charitable activities reco8ni5ed once tke ¢harity has entitlement to the resourc¢s, it is certain thot the ]rsource5 will k received and the monetary value of ineoming r¢sour¢es can be measured wilh sufficient reliability. Donations gnd lega¢les Donations are recognised in the accounts when the charity has been notified of the amount and the date the donation W511 be received, this is nomially when a donation És r¢¢¢ived in the post or CeiVed into th¢ charity bank accounL Legacies are re¢o8nixd on a ¢ase by case basis followiii8 notifJ¢ation of the executor's intention to distTibution. A legacy. in whole or it) part, is only recognised in the accounts when rec¢ipt is consider probable and when the amount can be measured reliably by the charity. Where lewdcies have b¢en notified to the charity, or the ¢harity is aware of the granting of pmbate, and th¢ erit¢ria for income r¢¢ognition have not been met, then the legacy is tr¢at¢d as a conungent asset and di5c105¢d if nutetial. Expenditure OD ch&rlt4ble actlvltles Expenditure on charitable activities is ac¢ourtt¢d for ort an Hccruals basis and has been classified under headings thai aggregate all costs telated to the activity. Liabiliti¢s are recognised as OurceS expended wher¢ there is a legal or constructive obligation committin8 the charity to the expenditure. Governance t05t5 GoveTnallce costs are the costs that relate to the general running of the ttlLSt, as oppos¢d to tho% costs asso¢iaied with the strategic, as opposed to day-to-day. management of the trust's a¢tiviti¢& Financi81 In$trum¢nts The Trust only has financial assets and financial liabilities of o kind th4t qualify a5 basic financial instrwnents. Basi¢ financial instruments are initially recognised ai transa¢iion va]u¢ 8t subsequently measured at their ttlement Yalue. Donation5 legaeie5 Unrestrscted TotAI Funtl$ Funds 2023 Unrestricted Total Funds Funds 2022 OTHER DONATIONS AND LEGACIES LEIA Donation 46,858 46,858
LEIA EDUCATIONAL TRUST OTES TO THE FINANCIAL STATEMENTS fconl¥NuedJ YEAR ENDED 30 SEPTEMBER 2023 Ch*rltAble aetivitie8 Unr¢stri¢ted Total Funds Funds 2023 Unrcstricted Tolal Funds Funds 2022 Enrolm¢At distance learning Sale of publicatiorts 61,326 11,210 61,326 11.210 111,754 7,124 118,878 JlJ,754 7.J24 72,536 72,536 118.875 IDvestments Unrestricted TO1 Funds Funds 2023 Unrestricted Total FU[S Fullds 2022 Dep05jt aecount interest 3,639 3.639 201 201 Expenditure OD charitable 8ctlrftl¢$ Activities undertaken directly Support costs Tot81 funds 2023 Tofol fimd 2022 Staff costs Insurancc Artwork and printing Course development COSts Invigilation5 BTECIIOSH rc8lStrations Bank charges Consultancy fres Postage Govcmance cosi$ 117.711 755 1.990 360 6,390 607 108 95,407 723 755 1,990 360 6,390 607 108 44,020 4, 736 75 3.600 (298) 2,609 1711) 1711) 1362 2,362 127,210 2,362 129.572 150,872 Analy5i$ of 5Mpport costs Indendet Ininees fee Total 21123 Total 2022 Gov¢manr¢ rosts 2.362 2J61 2.609 ldePendeD1 examlnation fees 2023 2022 Fees payable to the indep¢nd¢nt ¢xamin¢r for. Independent examination of the financial statements 2,362 2.If09
LEIA EDUCATIONAL TRUST NOTES TO THE FID4ANCL4L STATEMENTS (r#ftfrnuedJ YEAR ENDED 30 SEPTEMBER 2023 10. St4ff costs and emolumetEt5 P&rticula of employees The average head cow)t of employee5 during the year was 212022-. 2}. The averdge numkr of full-time equivalent employ¢es duTing the year is analysed as follows.. 2023 2022 MaTLagemeni and administraiion suff No employee received ¢tnploy¢¢ benefits of more than £60.IX)O durin8 th¢ y¢4r (2022.. Nil). 11. Trustee remunerAtion #nd txpenses None of the trustees have been paid reKDwi¢fdtion or has received other irnefits from the Trusi. No trus expetjses have been incurred durin8 the year. 12. Debtors 2023 2022 Trade debtor5 Donation5 ¢¢iVable 12JOI 46,858 12,328 59,159 12,328 13. Creditor8: arnounts falling due thin one yefir 2023 2022 Trade creditors Accruals and def¢ed incotne 11,498 129,806 140 50, 729 141,304 50.809 Defened ItOme r¢lat¢s io ¢rJrol]m¢nts for th¢ n¢xi fit)ancial y¢&r. 14. Deferred intome 21123 2022 At l October 2022 Amount released to income Amount def¢rr¢d in year At 30 September 2023 48JOI (39,770} 119,275 27.154 (27.J54) 48,301 127,806 44,301 io-
LEIA EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS f¢trfviih#¢d) YEAR ENDED 30 SEPTEMBER 2023 15. Analysls of charltable funds Unrestricted funds At 30 September 2023 Ai l Oaober 2022 Income Expenditure Generdl funds 472,928 123,033 (129,572) 466,389 At 30 September 2 022 At l October 2021 Incom¢ Expenditure General funds 504,721 119,079 (150.872) 472,928 16. Analys1$ of Det 8ss¢ts between funds Untestricted Total Fulld5 Funds 2023 Current Assets Creditors l¢ss than l y¢ar Net a85ets 560.835 (141.304} 560,835 (141.304) 419.531 419.531 Unrestricted Total Funds Funds 2022 Current Assets Creditors less than l year Net a$set$ 523,797 (50,869) 523. 797 (50,869) 472,928 472,928 li