CHARITY REGISTRATIOIY NUMBER: 326993 LEIA EDUCATIONAL TRUST UNAUDITED FINANCIAL STATEMENTS 30 SEPTEMBER 2024 OPASS BILLINGS WILSON & HONEY LLP Chartered Certified Accountants Num¢ric Hous¢ 98 Ststion Road Sidcup Kent DA15 7BY
LEIA EDUCATIONAL TRUST FINANCIAL STATEMENTS YEAR ENDED 30 SEIryEMBER 2024 P•ge8 Trustees, annual [qrt Ito3 Statement of fmancial activities Statement of financial position Notes to th¢ financial slat¢Dmits 7toll
LEIA EDUCATIONAL TRUST TRUSTEES? ANNUAL REPORT YEAR EF4DED 30 SEPTEMBER 2024 Th¢ trustees present their rq)ort and the unaudit¢d fmancial statements of the cbarity for the year ended 30 September 2024. Refertnee and admin15trative detwils Registered charity name LEIA Ethicalional Tn Charity registration nuniber 326993 PriDcipal office Rotherwick House 3 Thomas More Street St Katlwine's & Wapping London EWI z Tre trustees N M¢llor A D StaDrh PTurn K J Walker (Retired l January 2025) (Appointed l January 2025) Independenl exwnlner M Finnis AC& ACCA Numeric Hou8¢ 98 Station Road Sidcup DA15 7BY Structure* governance 2nd Mageellt Th¢ Trnst governing docum¢nt is in the form of & Deed made on 30 October 1985. The Trnste¢s are appointed by virwe of the office they hold with LEIA, but need not to b¢ restricted to offic¢ holders. The offic¢s bcing President, PastsPrcsident Jnd M8nAgin8 Director, Such appointments being mad¢ at th¢ AssoGiaiion'$ Annual General M¢etin8. Trnste¢s dr&wn from the Associution's Boord and have experience in fulfilling their obllgatiolls and will hav¢ receiv¢d regular reports on Trust o¢tivity. In order lo increos¢ aw8reDc55 of thcir rcspoll5ibilities Truste¢'s P¢tt¢ntiOll is periodically dTawn to the Charily Commission publication entitl¢d'The F3senti81 Trnstee,. The Trust Manager hay acc¢ss to a wide range of ¢xperti$e that ¢xists within the fratnework of the A8sociation (LEiA), th¢ MBll&ger Teports to the Association's Managing Dir¢ctor who is a trt181ee. TTht activity is overscg by the Trnstees to whom the Mmaging Dire¢torlTru5tee reports &t meetings which tske plaG¢ three lim a year. Obje¢tiYes And aetATitie8 Th¢ objectives of the Trust aT¢ the upholding and developm¢Dts of standBrds of education, training and competencc for those working within, or ¢onn¢cted with, the lift and es¢alBtor itithisty and the promotion of Such standar(L4 in the ititer¢sts of employe¢s and the public at large.
LEIA EDUCATIONAL TRUST TRUSTEES, ANNUAL REPORT CeoNrfnuedJ YEAR EiYDED 30 SEPTEMBER 2024 Objectives *ttfvltles (C•1¢) In 8¢tting out the Thlst's obj¢ctives the Trust¢es have giv¢D careful collsidgratson to the Ch8rity CoD]mi58ion'y general guidance on public benefit. Noi only the eDhanc¢ment of knowl¢dge and expertise but al¥0 with regard to sllfe us¢ of products and especially in providing guidance lo assist owners in guiding the public in generol. Ceill copi¢5 Of this guidance are now Avai18ble on th¢ Associati{,8 website and there are plan8 for thi8 to be fiwtlw dcv¢loped. Thc TAILSt's main activities, consistcnt with the furthcrancc of its objectives. fall into two principal areas:_ Management of education through Distance Learning, a programme of cours by the LEIA Educational Tru5t- this typi¢ally involves at least 300 l¢arners in ally one academic year. Thc d¢v¢lopment and mallagemetkt of th¢ LEIA Qualification Centre its quMlifi¢ations developed Specifically for the lift and e8¢al&tor inthisty in conjunctioD with the Education Achievement and LearninglEAL Ltd). AthlevemeDt5 8nd perfonn•Dce The strong demand for distanc¢ learning re8istration5 seen previously continued this y¢4r. This was $uppl¢mented by strong cohorts of ELppr¢ntices and thos¢ laknng the IOSH M&nA8ing Saf¢ly course which was relaul1ch after a r¢vision to mc¢t IOSH r¢quirements. Our long-standing collaboration with the University of Northampton (UON) continued this year. However, after the y¢ar end we rc¢¢ived uotific8tion th&1 the University bad. after Consultation, ¢hos¢n to close all its lifl engineering cours¢s (Level 4 C¢rtifical¢, 14NC, 14ND. and th¢ Msc in lift ¢ngine¢ring) to future Applicants, The Univcrsity has a¢ceptcd enrol]ments for January 2025 start and it is understood that th¢se qualifications aTe now In a t¢ich-oui pbase during wbich ¢xistin8 learner8 will be be support¢d through to the eDd of tbeir studies. AD important group of l¢arners whicb the Trust has supported this year is apprentices with udditional vlrtual sessions bein8 delivered. As previo]y r¢ported, Trust is registered on the Appr¢ntic¢ship Provid¢r llnd Assessment Register (APAR). All the Distsnce Learning ¢ourses and qualifications for which tho Ttu$t has responsibility satisfy nAtionally established criteria and are 5trUCtur¢d to varying l¢vels of achlevemenl in order to meet wide rwige and need, They are availablc to all who may be interested and guidance is available through the Trust or at www.leia.co.uklcducation-and-trainin8 FlnADelal revièw The reserves at 30 September 2024 amounted to £514.732 (2023: £466,389) The adequacy of the reserv¢s policy is reviewed annually. Plans for future periods The Tn¢ ¢nded the year in a strong position. After the y¢ar-cnd. the Tru5tEes learned of Ihe closing of th University of NOrthpIon,S lift eTrgin¢¢ring courses. The Trustees considering this lllong with the future n¢eds of learners throughout the industy in putting a strategy, planning and r¢50urc¢5 in place lo deliver futur¢ learning and qualifications to meet the necds of learners.
LEIA EDUCATIONAL TRUST TRUSTEESI ANNUAL REPORT (e1) YEAR ENDED 30 SEFfEMBER 2024 The IN8tets' aJ)nual report wa8 approved oll..19.Ffih.2025. and signed ots behalf of the board of tri¢S by. N Mellor TTu8lee Paul Turner ', Digitally signed by Paul Turner Date: 2025.02.19 08:06:12 Z
LEIA EDUCATIONAL TRUST STATEMINT OF FINAIYCIAL ACTIVITIES YEAR EIYDED 30 SEPTEMBER 2024 2024 U)]r¢stricted fjJD(L8 Tot81 funds 2023 Totsl funds Note ID¢ome aDd eDdoJvmellts Donations and l¢gacie8 Charitsble activities Invesknents 46,858 72,536 3,639 194,572 6,605 201,177 194.572 6,605 Totsl Income 201,177 123,033 Expendltur¢ Expenditure on charitable activiti¢s Total eXpendIre 152,834 152.834 129,572 152,834 152,834 129,572 Net ID¢omel(expenditure) and net movement ID funds 48,343 48 J43 (6,539) Reconei]iatlon of funds Total funds brougbt forward Total funds earned fonvard 466,389 514.732 466.389 472,928 514,732 466.389 The statement of fjn8nciai activities includes all gaitis and losses recognised in the year. All Incon and ¢xp¢ndittue derive from continuing activities. The notes on pages 7 to 11 forni part of tb¢se fiDaD¢ial 8t8tements.
LEIA EDUCATIONAL TRUST INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES YEAR ENDED 30 SEPTEMBER 2024 I r¢port to the trustees on my examination of the fillan¢ial statements of LEIA Educational Thist (be cIlty for the y¢ar ended 30 Sept¢mber 2024. R¢sponslbllltles and bAs15 of report As th¢ trustees of the Charity you r¢sponsiTrle for the preparation of the financial statem¢nts in aOrdaCe with the requir¢tnents of the Cl]arities Act 2011 ('the Act,). I report in respeot of my examiDation of the c]wity's financial statements ¢arried out under section 145 of th¢ 2011 Act and in carrying out rny examination I have follow all the applicable Directions given by the Clwity Commission under section 145(5)(b) of th¢ Act. IDdep¢ndent examlner'j $tatsment I have compl¢t¢d my examination. I confirni that no mat¢Ti81 matters have come to my attention in conn¢¢tion with th¢ ¢xamittthon giving me cause to believe that in any material spect. l. accounting records w¢rc not kept in Tcspect of the Tnt as required by section 130 of the Act; or 2. th¢ cOuntS do not &ccord with those records: or 3. the accounts do not comply wsth the appli¢8ble r¢quir¢ments con¢¢rnAng th¢ forni and ¢ontent or occounts set out in the Chariti¢8 (Accounts &nd Reports) Regulations 2008 oth¢r than any r¢quirem¢nt that th¢ accounls give a 'te and fair view which 18 not 8 mattor conBider¢d as part of an indep¢nd¢nt I hav¢ no concerns and have come across no oth¢r matters in CODnection with the exarnination to wbich attention 8bould be drawn in this report in order to enable a proper undustanding of the &ccounts to be reach¢d. M Fintiis ACA, ACCA ]ndependent Examiner Numeric House 98 Station Road Sidcup K¢Dt DA15 7BY 1g-o2-
LEIA EDUCATIONAL TRUST STATEMENT OF Fll¥ANCIAL POSTfioN 30 SEPTEMBER 2024 2024 2023 Note Current asset8 Debtors Casb at ballk 8nd in hand 12 58,065 6110.995 59,159 548,534 659,060 607,693 Credltors: amowits falllng due wlthin one yefir Net current Sets 13 144.328 141.304 514,732 466,389 Totsl *ss¢ts le89 ¢urreDt liabilides 514,732 514,732 466,389 Net Igsets 466.389 Fnnds of the charlty Unrestricted funds 514,732 466,389 Totsl charlty funds 15 514,732 466,589 These fjnancial stJt¢ments were approved by the board of trnstees and authorised for issue on .... and are signed on b¢half of the boord by: N M¢llor Trust¢¢ P Turner Trustee Paul Dlgitally 51gned by Paul Turner Date: 2025.02.19 Turner 08Q7:04Z Th¢ notes on pwge$ 7 to 11 fonn part of these funAl statements.
LEIA EDUCATIONAL TRUST NOTES TO THE FllYANCIAL STATEMEI¥TS YEAR ENDED 30 SEPTEMBER 2024 GeDerAI InfonnatloD Th¢ charity is a public benefit entity and a registered chaTity in England and W8l¢s and is UnincoOrated. Th¢ address of the principal office is Roth¢rwick House. 3 ThoD]as More Street. St Katlwine's & Wappin& Londoffj EWI IYZ. Statement of compliante These financiAI statcmeDts have been pr¢parcd in compliance with FRS 102, 'The Financi81 Reporting Stsndard applicable in the UK And the Republic of Ireland,. the StAtetDent of RKommended Practice applicable to ¢baTities prePillg their acwuttts in ordanCe with the Financial R¢porting StsDdard applicable in th¢ UK and Republic of Ir¢land (FRS 102) (Chariti¢s SOIV (FRS 102)) and the chltieS Act 2011. Ac¢ountlng policies Basts of prep*railon The financial ststements have b¢cn prep8red on the histori1 cost b&si& As modified by thc revaluation or ertain financial assets and liabilities and iDv¢stment properties measured at fair value through incorne or penditur¢. The fllwncial statcm¢Dts are prepaT¢d in sterling, wbicb is the functioDal currency of the entity. Going eoncerD There are no material unc¢rtaititie8 about the charity's ability to continu¢. Debtors Debtors are initially orded at fair value and ar¢ Bsse8sed for impairni¢nt at each year end dpdte. If any itnpairJn¢nts exist th¢ d¢btors ar¢ r¢-measur¢d to the pres¢nt value orth¢ expectcd futur¢ c85h itthows. Credltor8 Creditors are initially Orded at fair value and are th¢n remeasuT¢d to the pr¢sent value of the expected turc cash outflov. JudgemeDts and key iources of estlmation ullcertwinty There are DO significant estimates or assumptions D]ad¢ tbat bave a sigllificant risk of causing a t¢[la1 adjustment to the carryin8 amounts of assets and liabilities within the next fmancial year. FuDd accounthig Unrestricted funds represent the fiwds of LE Educational Trust that are not subject to any restrictions regarding their use and are readily 4vailabl¢ for application on the g¢neral puSe8 of the TrusL
LEIA EDUCATIONAL TRUST NOTES TO THE F]NANCIAL STATEMENfs f¢oJJlin¥td) YEAR ENDED 30 SEPTEMBER 2024 Ac¢ountAng polleies Income from ehArltAble Aetivfitles tDcome from charitable activities are recognis¢d ottce the ¢TrLarity bA8 entitlement to the resources, it is cwtain that the resources will be received and the monetary value of incoming r¢50UTces can be measwed with suffici¢nt Teli&bility. Don&tlons And legacies Donations are rcco8ni8¢d in the accout)ts when thc charily ha8 been notifi of dyc amount and th¢ dale the don&tion will be rec¢iv¢d. this is normally when a donation is received in the post or received into the charity bank account. L¢gacie8 are recognised OD a case by casc ba818 following notification of th¢ executor's intention to make a distribution. A le8acy, in whole or iD Pllrt. is ordy recognis¢d in th¢ accounts when receipt IS COU8id¢rcd probable And wh¢n the Mmount can be measured reliably by the charity. Where1¢8leS hav¢ been notified to th¢ chority. or tli¢ charity is aware of th¢ grunting of probato. and the CTitwi& for in¢orne recOlliOn hav¢ not been m¢L thcn the legw is treated as a contiDg¢nt asset and disclosed if material. Expendlture on ¢barltable a¢tiYldes Exp¢Dditure on charit8bl¢ activities is oUnt¢d for on an accrns basis alld has been Glassified Under headings that aggr¢8ate all costs Telated to th¢ activity. Liabilities are re¢ogDiSed as r¢50urces expended wbcre there is a l¢gal or corL5tru¢tive obligation cotnmitting the cb&rity to th¢ expenditur¢. Govern8n¢e eo8ts Governance costs arc the costs tbat relate to the general Tunning of the trust, as opposed to those costs asswiatC41 with tho strategic. as opposed to d•y40-day, maDagement of the trust's activities. FIDAnclal in8trumentB Th¢ TDJst only has finall¢ial assets and financial liabilities of 8 kind that qualify as basic financial iDStDJme]Jts. BASIC finan¢ial insttwnents Arc initilY rccognised at trBnsaction value and subsequently measured at their s¢ttlement value. Donadons and legacles UDrestricted Total Funds Unrestsicted Total Funds Funds 2024 Funds 2023 Other donations and legacies LEIA Donation 46,858 46.858
LE EDUCATIONAL TRUST NOTES TO THE FINANcL STATEMENTS (¢othMedJ YEAR ENDED 30 SEPTEMBER 2024 ChArhable a¢dvlde UDrestricted Total Funds Funds 2024 Unrestricted Total Funds Funds 2023 Enrolment distallc¢ l¢arning Sale of publicatioDS 189,347 5,225 189J47 5,225 61,326 11,210 61.326 11,210 194,572 194,571 72,536 72,536 Investments Unrestricted Total Funds Unrestrictrd Total Funds Fwids 2024 Funds 2023 Deposit acwunt interest 6,605 6,605 3,639 3.639 Expenditure on ¢harltable attIlIeS Artivities undertaken directly Support CO8ts TotAI funds 2024 Total fund 2023 Staff costs Insurance Artwork and printin8 Course development costs Invigilations BTECAOSH registrations Bank charges ConsultaDCy fe¢s Postage Gov¢nwirK ¢osts 137,969 137,969 117.711 755 1.990 360 6.390 607 108 2,169 1,310 4,958 2,583 179 620 166 2,169 ijio 4,958 2,583 179 620 166 2,880 (711) 2,362 2.880 149.954 2,880 152034 129,572 Anatyjts of support eosts IndepeDd¢nt examin¢T'S fee Totsl 2024 Total 2023 Governance costs 2,880 2080 2,362 Ind¢p¢ndent eiaD)in*tion fee5 2024 2023 F¢¢s p8y&ble to the independent examiner for.. Independent ¢xaD]ination of the financial s¢at¢m¢nts 2,880 2.362
LEIA EDUCATIONAL TRUST NOTES TO THE FtNANCIAL STATE1Ts l¢ofvthutd) YEAR ENDED 30 SEPTEIIIBER 2024 10. Staff ¢oits and emoluments pwrtieulArs of employees The totsi staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries 137.969 117,71] The average head count of employees duTing the year was 2 (2023: 2). The av¢r¢ number of full-time equivalent employees during the year 18 analysed as follow8: 2024 2023 No. No emplDy¢¢ received employee benefits of more than £60.000 during the year (2023.. Nil). 11. Trustee remuner8don and upense5 None of th¢ trustees hav¢ been paid r¢muneration or has ¢1ved oth¢r benefits from th¢ TL No trustee expens¢s have been incutted during the year. 12. Debtfjrs 2024 2023 Trade debtors Prepaym¢nts and accrued income Donations receivable 11,042 165 46.858 12.301 40,858 58,065 59.159 13. Creditsr8: amounts falllng due wlthln one year 2024 2023 Trade creditors Accruals and defeThed income 22,995 121J33 Jl,498 129.806 144,328 141.304 D¢f¢rred inconie Telates to eDTolhnents foT the next fllwicial year. 14. Deferred income 2024 2023 At l October 2023 Amount released to income Amount deferred in year 127,806 (127,806) 114.126 48.301 (39. 770) 119.275 At 30 Septsmber 2024 114.126 127,806 io-
LEIA EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 15. Analysts of cbaritble fllnd UDrestri¢ted fuDds At 30 September 2024 At I OGtober 2023 In¢ome Exp¢nditure Gell1 fimds 466,389 201,177 (152.834) 514,732 At 30 Septemb¢r 2023 At l O¢tober 2022 In¢ome Expenditure Getter funds 472.928 123,033 (129,572) 466,389 16. Analysts of Det Assets between funds Unrestticted Total Funds Funds 2024 Cuffent Assets Creditors l¢ss than l year Net ss¢ts 659,060 (144.328) 514.732 659,060 (144J28) 514,732 Unr¢5tricted Totsl Fwids Fund8 2023 Currenl Assets Creditors 1¢$$ than l year Net Assets 607,693 (141.304) 466,389 607.093 (141,304) 466,389 li