REGISTERED COMPANI, NU[BER. 0182RI 251England and IIY4les) REGISTERED CHARITY NUMBER: 717] REPORT OF THE TRUSTEES AND UNAUDITED FIIYALYCIAL STATEIIIEIYTS FOR THE YEAR ENDED.10 JUNE 2024 FOR LITE LIMITED
LITE LIMtTED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Page Report of the Trustees Independent Examlner'g Report Statemen¢ of Financial Actii'ities B414ni'e Skneet Not¢8 to th¢ Financial S¢al¢ments
LITE LIMtTED (REGISTERED NUMBER: 01828125) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The trnisiees who are also direLtorb ol- Ihe charity lor ihe piityoses Df the Coinpanies ALI 2006, preseiit theii repoTI wilh the tinai)Lial suiien)ei)ts ol-the charity lor ihe ye&r elided 30 June 2024. The trustees have adopted the provisions ot Accounliiig aiid Reporting by Charities: Statem T of Recommended Pr8clice applicable lo chariiies pr¢pariiig their accounis in accordance with the Finaneial Reporiing Slandard applicable in ihe UK and Republic of Ireland (FRS 102) (eftective l JanLiary 2019). OKIECTIVES AND AcfiviTIES Objectlves and 1$ The cliari15"s objecis and principal abllvity coiiiinues ro be 10 adi'aNe the educaiion and Ii'aining of young persons, in palliciilar siudents wlio are workiiig in. or Iiope to tind en)ploymenl in tlie fields of i'eterinary nursing and animal caie, recreation aiid relared leislire indiistries by providiiig vocaiional training. There have beeii no n)atei'ial changes in the objects or policies during tlie year. In planning our acti%'ilies for the yeai. we kepi in mii)d the Chai'ily Con)missioner's guidance oli public beiiefil and ihe fruslees coi)sider thai this is iiiel> giveii ili¢ iiiaiii piii-poses of (lie cliai ity as set oiit above. ACHIEVEMENT AND PERFORMANCE Achievements and performfince t)uring ihc 202312024 EdiiLaiioi) ai)d Skills Fundiii¥ Agcncy ConiruLI ycar, Il)c chJriiy showcd a dLclii)c in nlimbers duc lo a high i)un)bcr of carly complctcrs hut wlio had not yci iakcn tlicir tinal cxams This Icft tlic tigurc ot L31,000 tiid up with Vctkill. aiid rhc charity not in a position lo rcccivc Ihc acl)icvcincnl payn)ci)l iinlil thc to110.111¥ finai)¥ial ycar. Also Ihc nalurc of thc qualificaiion bciiig a l ycar cyclc w11crc ci'ci'y 2 ycars wc liavc thc f¥i¢ility io t¥lk¢ an ¢xtra ¢oliort .171(17 eaiiscs ih¢ figiircs to bc disproporrionatc ¢vcry ¢oiipl¢ of ycars. Th¢ c1pprciiticcship ov¢rall succcss ratc Wils 86.29 10. QXCLcding our Ji)nual t4irg¢t of 80110. Wc arc continLiing a sii)all ¢oliort of Icvcl 2 do¥ grooiiiing apprcntlccs and .111 nionilor succcss of this prograinmc. We currcnily do not havc o cohort of Animal Care appr¢iiiiecs dLlC 10 the siondard% being rc writicn and w'e arc wthiiing 011 the opprovol bcforc offcring this apprciiliccship Agaiii. Again Il)is ivill iiiip.lct Posllivcly on tumrc incoinc. FINANCIAL REVIEW Vnre5tricled FUd5 Appreiilices Hre on uiipr¢i)tic¢¥liip ¥tund4irdt> which hats r¢sult¢d in MltkIll71nl ihe l¢vel of income from lh¢ ESFA. maintainiiiu th¢ l¢iJ¢l ol Exuniinutii)n u44c%.%niciit c(?%t4 iiicurr¢d. This 14 currently iiiider I'¢'1¢W iL% It ni)I bccii incrcuscd sinc¢ 2() l R Wc havc hdLI ci)nfirincltiiin thlli this will b¢ inLreused hy £2,Q(Kl per dppreniiLe over th¢ L(>ur4¢ of iheir qualifiLali()n from the next ESFA tindnLial year. Our expenditure ()n I1rie¥ ha.% inLredsed fiill()win¥ H pay rel'iew aiid als11 the 1)f a %eiii()r memher lif teaLhin¥ stdff whiLh nieant ti) dttf<l¢t the he%t quality t¥ULhinsi %laff 41l'ailahle w'# needed t(} inLrea%e c)ur rmy L)ffer. Mc)%t apprentlLe% arc ni)w w(Trrkingv wilh ¢mpl()yers wh() fiind the &ippr¢ntiL¢%hip thri)Iiyh thvir pprenliL.¥sliip levy, tliis re4Lilt¥ in Lis b¥inb much l¢%¥ d¢p¢nd¥iit ()n ESFA Lc)iilraLt4. Investment powers ¥nd polli'y Uiider the Meiiiorandum and ArtILI of A%4uLldliun, the Lharily has the puw'er to ini'e%l in any Wdy the trustee% M'i%li. Reservey policy The tNi%t¢¢% have reviewed the Ch&rity'.% iieed tor reserv¥8 in liiie with guidaiice i%.%ued by th¢ Chariti¢% Comn)isgion ai)d hav¢ ii.%ued a detailed re%erves poliLy. Reserves aiy needed to bridge the tundiiig gap4 beiween .%pendinbV on training dnd adInini4tration dnd i¥LeivingY I'unding trum the EduLqlion and Skills Fundini7 AbYenLy. Reserves are also held to Lover possible einersTenLy repairs and renewals. The trLislees believe that iii addition lo kiiown Loinmiiiiieiits. Ihere is a ne<xl lo hold ai leasi lour n)OL)Ih5 runiiing Losls in reser¥e. Hawing re(Tard lo the liquidily requirement5 Dl. operatingj the orgyaiiisalion tl)e trustee& hai'e Dperated a poliLy ol'keeping AaIlable lunds irt an interest bearii)g depobil aCLounl alld seek lo aLhieve a rnle ot-depos11 interest whiLh nialLhes or exceeds ii)flalion as measured by the retail prices index. The invesled tiindb Ii¢ld on deposit 8Lhie*e jubl tl)e low ii)leresi rates currei)Ily aiailable. Tlie reserves poliLy slalemenl provides Ihai ihe IrLislees %¥ill prodiiLe ani)ually a delailed aiialysis of reseries, both reslricled and iinrestriLled based on the accounts iiidicaling tl)e trustees inteiilioi)s witli regard to the ue ot those reseThes. For rhe year ended 30 Jiiiie 2024, Ihis analysis revealb Ihai ol- lolal reserves or £63,457. L12.508 was held as tangible lixed asselb leaving £50,959 as unreslri¢ied tunds. Tl)e Trustees ,111 conliniie io maintain their objective ol four months ruiining cosls for the next linaiicial year. FUTURE PLANS We will coiitinue lo sli'ive tor high apprenticeship 511cces5 rates and promote oiir services to new eniployei's. We plaii lo continiie to update our leaniinbi resources over the con)ii)g year. STRUCTURE. GOVERNANCE AND MANAGEMENT Goi'ernlng document The cliarity is coiitrolled by ils goveniing docuiiiei)t, a deed of trust, and COJLStitules a liinited company, limited by guaranlee, as delined by the Compaiiies Act 2006. Page I
LITE LIMtTED (REGISTERED NUMBER: 01828125) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The compaiiy is limited bv guarantee and has no share capital. Uiider Ilie terms ol. the Mernoraiiduin every Inember of die CopanY undertakes to Lotlli'ibule lo the assets of the company, in the evei)l ol- being woiind lip ivhile ihey are a member, or uiithin one year atler they Lease lo be a n)ember, for payment of debis and liabilities ot the company conlracied before rliey ceased to be a inember, and of the Costs, charges aiid expenses ot winding lip, and tor ilie adjiislmenl ol. Ihe righis of the coiilributors amongst ilieiiiselves such anioiinl as may be reqiiired not exeeediiig £10. Re¢rltment nnd Appolntmen¢ of Dew trustees As s¢( out in the Articles ol- Associalioii the Iruslees are appointed by the rneinbers of the clijritable eoinpany aitending Ilie Annual General Meeiing. The Chair ol. the board of irusiees is elected by Ihe rrusiees, All menibers are circulaied ii'iih invilI0nS io notninaie Irusiees prior 10 Ihe AGM adN'ising tliem of reiiring Irust-es and requesting nomiiiations loi. Ihe AGM. Inductlon and Iralnlng ol neiv trustees New (rlisiees uiider¥o an indiiciion lo brief then) 01) (heir legal obligalions under chai'iiy ai)d coimpany laNN', Ihe coiilenl ol. the Memorandun) aiid Ai1icles of Associatioii. tlie coininiliee, aiid deiisioii-iiiakiiig pi-ocess, tlie busiiiess plaii aiid i-eLeiit fiiiaiicial peifoi-iiiaiice ot- Ili¢ cliaiity. Diiriiig the iiyjuclion Ihey meet key ¢inploy¢es and oiher trustees. Trustees are ¢llcouraged io at¢a)d appropriate external Irainiiig events M'hei'e Iliese will faciliiate the uiid¢rlaking of Il)e rol¢. REFERENCE AND ADMINISTRATIVE DETAILS Regislered Compan), nuinber 018281251 Eiigland and Walcsl Rcgist¢r¢d Ch8ritv numbcr 700171 Re¥lslered office 3a Church Sir¢¢l St H¢l¢nN Mcrs¢y%ide WAIII IBA Tru8tee$ Mr R t) Shoplund-Reed cOmpaTr Sviretxry Mr%.I Sh(Ipldtbd-R¢¢d Independent Examlner Mr Da¥'id Hudd BA FCA Liveley Spolti%woud Ltd Chartei'ed ALctsiinlantq 17 Georg¢ Sirc¢i St H¥len.4 Merseyside WAIO IDB This report l)ÉiS been prepared in accordance with the special pro*isions ol. Parl 15 of (he Companies Act 2006 relating to small con)panies. Approved by order of the board of iriistees on 26 March ?025 and Si1ed on its behall. by.. Mrs J Shopland-Reed - Secretary Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LITE LIMITED Independent examlner's report to the trustees of Llte Llmlted {'the Company,) I report to the Lharity trLislees on niy examination ol the accounts 01 the Coinpany for th2 year ended 30 June 2024. Responslbllltle$ #nd basls of report As ihe cliarily's Irustees ot ihe Conipany (Jiid also its directors tor the piirposes of company lawl you are responsible tor rhe pparatIOn ot the accounts in accordance with the i'equiremenrs of the Cornp8Mies Ael 200b ('Ilie 200b Aci,). Hai'in¥ saiislied illysell. that the accounts of the C.onipany are not required to be audited linder Part 16 of the 2000 Act aiid al'e eligible for indenden1 exaininalioi), I report in respect of Iny exan)in&lion Lif your cl)ariiy's aecounls as canied out undei. Section 145 of the C.harilies Aci 20 I I I'ilie 2U I l Act'l. lii catTyiiig out my exi( Iminalion I have followed the Directions given by the Charity Commission under Swlion 145151 Ibl ol. Ihe 2011 Aci, Independent exAmlner's sIAlement Since your cliaTiIy'5 gros5 income exceeded £2$0,UUO }ioui' examiner mu51 be a n)eiiiber ol. a lisled body. I can confii'tn Ilial l ani qualified lo Lindertake the examination because l ain a iiieimber of ihe Ii)siilule of Chartei'ed Accoui)(aiils li) Englai)d aiid Wales. ,hICh is one of the lisied bodies. I have complel¢d niy exajnination. l ¢oi)firni that no nialt¢rs11ove ¢oine to my atleiilion in ¢oiinection with Ihe examination giving Ine ¢aus¢ to believe.. accounliiig rccords wcrc iiot kcpt in rcspcct of tl)c Company as rcquircd by Scctioii 386 of thc 2006 Act; or thc accounts do not accord with Ihosc 1'ccords: or the accounts do not ¢oniply witli thc accounting r¢quircin¢iits of S¢ction 396 of tlic 2006 Act othcr ihan ony rcquircimcni ihal th¢ ¥ount5 giv¢ a truc gnd l.air View wl)ich is not a niatlLr coiisid¢rcd as Pilrt of an ind¢p¢ndil)t ¢xaininatioii.' or thc accoullts havc not bccN prcpai'cd iii accordancc with thc wncthods aiid principlcs of tlic Stalciiicnt (Trf Rcc(TriNmcndcd Practic- for nccoLilliii)g and rcporti¢)¥ by charities lopplicoblc to chorities preparing thcir TheCOLints in occoi'dancc with the Fiiiaiicial Rcporting St8ndard applicRblc in th¢ UK aiid Rcpublic of Ir¢laiid (FRS 10211. I hdV¢ iio conccrns dnd hdl'e coine acro%s no otlier iiiatl¢r) in c(Inne¢lion with ih¢ exarnination to whi¢h utteiition should be drawn in thi¥ report in ordcr t(Tr ¢llablc ¢1 pfoiicT uiiJcrbtanding of tli¢ ac¢ount5 to be reach¢Li. Mr Dai'id Hudd BA FCA Liveley Spulti%woud Ltd Chartered ALctsiinlantq 17 Georg¢ Sirc¢i St H¥len.4 Merseyside WAIO IDB 26 Marcl) 2025 Page 3
LITE LIMtTED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPEP4DITURE ACCOUNT) Tr'OK'I'HL YLAK LNDLD 311 JUtYL 2024 2024 Uni'eslricied rund 2023 Tott]I funds Notes INCOME AND ENDOITrMENTS FROM Charitable aetli'itles Leai'iiing and ski118 Trainii)gy lees 337,441 22,706 361,464 16,556 It)v¢stinent incoine Other iliLome TotAI 218 234 2,662 380,916 362.936 EXPEf4DITURE ON Charitmble activities Leui'iiin¥ dn(14kill 42fi 841 374,745 NET INCOIVAEI(EXPELYDITUREI (63,905) 6.171 RECONCILIATION OF FUNDS Total 1.unds broiight forwai'd 127.362 TOTAL FUNDS CARRIED FORWARD 1273A2 The noies lonn part ol. thebe Iinancial statements Page 4
LITE LIMtTED (REGISTERED NUMBER: 01828125) BALANCE SHEET 30JUNE 2024 2024 Uni'estricted rund 2023 Total tunds Notes FIXED ASSETS Tangible assets io 12.508 17,706 CURREiYf ASSETS D¢biors Lash ai baiik and in hand 0,2¥ 4.147 64.427 44,225 73,750 117,975 CREDITORS Aniounls lalling due wirhin one year 12 (11.4711) 18,319) NETCURRENT ASSETS 109656 TOTAL ASSETS LKSS CURRENT LIABILITIES 63,457 127,362 NET AS.SETS FUNDS Unresiricled tunds TOTAL FUNDS 1273fi2 14 ()3 457 127.362 127362 'I'he cliarilable Loiiipany ib entiiled io exempiion trom audii linder Seclion 477 ol. Ilie Lompanies Act 2UU6 lor ihe year ended 3U lune 2U24. The n)einbers hae not reqiiired the eoinpany to obtaii) an audit of its Iinaneial statemenis for the yeai. ended 10 June 2024 iii accordance with Section 476 of the Coimpanies Aci 2006. The Irlislees a¥knowl¢dge Ih¢ir respoiisibililies foi. la} ensui'inLT Iliat Ilie cliarilable Lonipany keeps accountiiig records tliat coinply willi Sections 386 and .387 01. Ihe Coinpanies Aci 2006 and Ibl prepi1riiig financial slK1temenis which give a (rue aiid fair view of tlie siale of al'fairs ot the eliarilable coinpany as al the end of each Ilnancial year and of ils surplus or delicit for eacli flnancial year in accordance willi tlie requirements of Seciions 3Y4 and .395 and l)icli Diliei'wise comply wilh the reouireinenis ol. the Coimpanies Aci 2006 relaiing to finaiicial s¢aleinenls, so lar as applicable 10 ihe charitable coiilpany. These financial stalenieiils l)ave been prepai'ed iii accordaiice with the provisions applicable lo charitable coinpanies subject to (he sniall coiiipaiiie5 1 egiiiie. The fiiiancial slalanenls were approved by Ilie Board of Trustees aiid auihorised lor iSSLie on 2(Tr March 2U25 and were signed on ils behalf by.. Mr R D Shopland-R¢¢d - Trust¢c The noies lonn part ol. thebe Iinancial statements Page 5
LITE LIMtTED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 STATUTORY INFORNIATION Liie Liiniied is 8 charitable coinpjiiy. limited by guarantee and has no share capital and is regisTered in England and Wales. The compaiiy's regisT¢red niimber Ji)d regisl¢red ot'lice address can b¢ lound in Ilie Report ot. Ihe Truste¢s. The presentation currency of the tiiiallcial sthteinenls is in Il)e Pound SleTling (11. Accouf4TING POLICIES Basis of prep8rlng the fiD*nclal statements The fiiiancial 51alemenls of the cliarilable compaiiy, which is a public beiielit enlily uiider FRS IU? hai'e been prepared iii accordance with the Chari(ies SORP IFRS IU2 i 'Aciouniing a1)d Repoi'li1)g by Chariiies.. Siatemeii( of Reiommended Pi'aclice applicable lo cl)aiitl¢S Pl¢P&11 iiig (li¢ii- ac¥ouiits iii ac¥oi-dai)¥¢ witl) tlle Fiiiaiici&il Rei)oitiiig Stai)dai-d applicable iii rlie UK aiid Repiiblic of Iielaiid IFRS IU2) leftecliN'e l Jaiiuary 2015),, Fiiiancial Reporting Standard 102 'The Financigl Reporting Siai)dard applicable in Ilie UK and Republi¢ of Ireland. and Ilie C'ompani¢s A¢1 20(kn. The fjiiaii¢ial staleiii¢iits have b¢¢n prepared uiid¢r ihe Iiistori¢al cos( knoniw¢i}iioi). Thc si¥nificanl accounting policics appliLd in ilic preparaiion of Ihcsc financial stslciments arc scl oui bclow. Thcsc policics haic bccn consisiciitly applicd to all yar5 prcscntcd iinlcss otlicrnvisc statcd. Incomc All iiiconiii)g resour¢c8 ar¢ incliidcd ill tlic Stat¢nioni ot Financiol Activitics wth¢n tho cliority 18 Icgally cntitlcd to thc in¢omc aft¢r any pcrforniaiicc coiidilion.s hakc bccll iTrct, thc 4Jmoun15 can bc nicasurcd I'cliably and it is probablc that ihc inconic will bc rcccivcd. Ii)comiiig rcsouyccs ai'isc primarily fi'oin thc provision ot l¢ai'ni11g and training. Iiicome from governinent unLI other gruiit%. wlieih¢r '¢apitdl' graiits or 'revenue' grunl%, is I'ecogiiibeii when ih¢ ¢hui'ity licls ¢lltitl¢iiient to thc funds. dlly pcrfoTmdnCe conditlQfbb dtlach¢d to thc ¥rdllts hdV¢ b¢¢n mct, it 1% probdbl¢ tl)at ilic inconi¢ will b¢ rec¢iv¢d dnd ih¢ <iJnounl ran b¢ rn¢abured r¢liubly. Iiiter¢%t ()n depii%it llL¢ibuni fund4 held 1.4 in¢liid¢d when reLeivahle 'inil the ami)unl Llln be m¢a%Lired r¢liably hy the Lharity whiLh is nornially iipon notifiLalil)li i)f ili¢ iiil¢Te%t Pdid or payabl¢ by the hank.. Expvnditiir¢ Liabiliii¥% r¢LI)¥nits¢d eApenLlitur¢ a4 Y)on th¢i'e li d legul i)r Li)nstruLtive obligi&lion Lommitlirbg the Ll)drity ti) Ihut ¢xpendilure, it is pn)bdbl¢ thdt a ti'ansf¥r of ¥L(Trll(?IniL b¢n¢fils will k r¢quir¥d in %¢til¢in¢nt diid ih¥ MI?111)I 1)r tli¢ obli¥¢iliori Ldli b¢ m¥dsur¢d reliablv. Expenditure is ilLLountecl for uii an dLLfiidl.4 ba.41% dnd has been Lld%%ified unLlei' headinbis thar ti¥gire¥dte all Lu%1 reldted to the Lateb?ory. Where LU4t4 Lannvt be direLtly atlributed tu PdrliLulai' lieadin¥i% ihey hdve been alloLdled io aLtivilie% oli d ba.%i% Lun%i4tent with the u.%e uf re4uurLe¥. All()calln #nd apportionment fjf c09t C.04t% are dlloLat¢d accordinck lo the natiire ol. the Lo.qt. Wliere items ii)volved more thali one Ldtegory they are dPPOrtioned between tlie Lategories aLLordiniT lu tlie nÉ2ture ot. the Lost. Detailed aiialysis ot. the alloLatiun ot L05tS is g7iven in note 6 01. tlie aLLDunls. Tangible fixed assets Depreciation is provided at the lollo1vin annual rates in order lo write oft. eaLh abset oiler its estiinated useful lite. Fixtureb and titliiigs Computer eqLiipineiil 15V/o Ot) reducing blllanLe 20Vln on LOS( Taxatlon The charity is exempt from corporation tax on its charitable actLVities. Fund Aceountlng Unre8trict¢d fiinds can be Uied in accordaM¢e with Ilie chaTilable objectives al the diser¢lion ot- the Iruslees. Resiricted funds can only be iised for particulaT restricted puiyoses 'Ithin the objects of the chariiy. Restrictions arise when specified by the donor or when funds are raised tor particiilar restricted purposes. Page 6 coniinued...
LITE LIMtTED OTES TO THE FINAIYCIAL STATEMENTS- eonllnued FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTtNG POLICIES - £ontlNued gceountlng All tiinds lor the curreni and previoiis year i¥ere unreslricied. Furtlier explaiiation of the nature aiid purpose of eacli fuiid is included in the notes lo the Iinancial statements. Hlre purchase and leaslng eommltments Reiitals paid uiider opera(iMg leases are charged io (he Siaiemeni of Financial Aciiviiies on a siraighi line basis over ihe peTiod of ihe lease. Penslon costs and other post-retirement benefit5 Wheii employees have rendered setViLe lo rhe compai)y, sliorl-lerm einployee benetils lo whicli the eii)ployees are ei)liiled are i-ecogiiised 1£ t (lie uiidisLQLlllted 7¢ liiOUlIt expected to be paid iii ¢x¥liaiig¢ for tl)at servile. The coinpany operales defiii¢d conlribLilion plai foff the kiietil of its eiJ)ployees. Conlribiitions are exp¢nsed gs they become payable. DebtOTslcredilors Both l)cbtors and C'rLditors arc includcd in thc fiiiancial statLiiicnts at trat)sactional valuc. Going conccrn Tlio trustccs coiisid¢r tliat tliorc ar¢ no iiiutcrial unc¢rtginties abolil thc ability ot Lit¢ Liimitcd to ¢ontinuc as a going ¢onc¢ri). INVESTMENT INCOME 2024 2023 D¢posit u¢¢ounl int¢re5t 2181 234 All thc invcstniciit ii)¢om¢ in thc prcvious y¢or r¢lotcd to unrcslri¢tcd funds. INCOME FROM CHARITABLE ACTIVITIES 21124 2023 Activiry Learniiig Jn¢J ski114 Training fee% Skills FLindiiib7 Agency Other iiic()me 337,441 22,7nfi 360 147 361,464 16.556 378 1120 All the chai'itabl¢ acliviti¢b in th¢ preIou y¢ar relat¢d to unrestricted fuii(Ls. OTHER INCOME 21124 2(J23 St Helen% MBC 2.571 Th¢ i11ft>m¢ froin St Helenb MBC r¢late% to SOTh/o M:Indalory Charil'tbl¢ R¢li¢f. This v:Ilu¢ ha4 b¢eii included ii) rent Y11d rate4 in order to comply ivith the StJi¢nient of Recomm¢i)d¢d Practic¢ on Ac¢oiintin¥ by Charitiei. All thc othcr ini(Iwnc in ¢hc previuu% yedr rcldlcd i(} unrc%triLtcd fLinds. Page 7 coniinued...
LITE LIMtTED OTES TO THE FINAIYCIAL STATEMENTS- eonllnued FOR THE YEAR ENDED 30 JUNE 2024 CHARITABLE ACTIVITIES COSTS Direci Costs Siipport costs Totals Leaniino and skills 360 398 Traiiiee allowai)ces aiid training expenses totalling £96.31412023 £76,166) inLluded above are ci)nsidered to be wl)olly attributable to charitable activities. W&ges aiid salaries sel out in note 9 include support cosis of £54.726 {202.3 - £55,481). Goi'ernaiiie costs ol- £5.014 (2023 £3.626) ar¢ included wiihin suppon Losls. Of Ilie reniaining expenses, bioadls. 1 O'/ii are considered to be support cosis. All expeiidiliire in relation lo charitable aclivilie5 111 the previous year was unrestricted. NET IYCOMEI(EXPENDITURE) N¢1 iiiioiii¢/{¢xp¢iiditui'¢) is stat¢d afi¢i' lllaili11£1¢dI1¢iIb).' 2024 2023 r)Lprcciari011 owncd oss¥ls Otlicr opcrating l¢aJc3 5.198 615 .3,750 510 TRUSTEES, REMUNER.4TION AND BENEFITS Thor¢ ivcrc iio ttvst¢¢s' rcrnuiicrotion or oih¢r bcncfit5 t.or ih¢ y¢ar ¢ndcd 3U Jiin¢ 2(124 nor for Ilio yknar ciid¢d 30 Jui)c 202.3. Trustees, cxpenses Th¢ w¢i'¢ no tru8t¢¢s' cxpcns¢s paid for th¢ y¢ar ¢nd¢d 3Th Jun¢ 21)24 nor for tho y¢ar ¢nd¢d 30 Jui)¢ 2023. STAFF COSTS 21124 2023 WJb7¢ts dnd sularie Si)LiJl security c(i%t. Other pcn4ivii LiTr*t 230.3.13 16.747 9.335 250.415 2n8.211 14.689 232 1115 The aver.gge monthly iiuiiiber of emplDyees durinbl the year wis followb.. 2n24 2n23 Leurniii¥ and .4kill% The iiunib¢r of employees wh05¢ employee benefit6 {exoludingT employer pension ¢06t5) ¢x¢e¢ded £61),0(M) w¥s'. 21124 2023 £(rf),001 £7fl,1)IK) £71),nOI - £80,0(K) Th¢ toi81 r¢muncr.Ilion paid in rc¥pc¢l of th¢ chai'ily'¥ k¢y m2118¥¢incni pcrbonii¢l, who ib also Ihc Coinpanv S¢cr¢tary, was £6 1,948 12023 - £71,5481. Page 8 coniinued...
LITE LIMtTED OTES TO THE FINAIYCIAL STATEMENTS- eonllnued FOR THE YEAR ENDED 30 JUNE 2024 io. TANGIBLE FIXED ASSETS Fixture and tillings Compllter equipmeni Toials COST Al l Jiily 2023 and 30 June 2024 DEPRECIATION At l Jiily 2023 c.harge lor year AI 30 June 2024 NET BOOK VALUE At 30 June 2024 AI 30 June 2023 28.676 565 36,06_3 64,7.19 DEBTORS: AMOUNT.S FALLING DUE WITHIN ONE YEAR 2024 2023 TrJde debtors Prepaynenls and accrued incoine 19.630 40.650 24.b80 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2U24 2U23 Social seLurity and oiher laxeb Other crediiors Accrnials and defen'ed income 2.864 2,729 7.14115 13.478 2,526 13. LEA8INC ACREEMENTS Miniinurn lease payineiits under non-LanLellable opei'ating leases tall due as follo,5.. 2024 202.3 Wiihin one year 14. MOIIEMENT IN FUNDS Nei moven]eni in liinds Ai 11712.3 3016124 Unrestrlcted funds Geiietal tund 127,362 163,905) 63,457 TOTAL FUNDS 127 162 63 905) Page 9 coniinued...
LITE LIMtTED OTES TO THE FINAIYCIAL STATEMENTS- eonllnued FOR THE YEAR ENDED 30 JUNE 2024 14. MOIIEMENT IN FULYDS- contlnued Net movemenr in funds, included in the above are as follows,, Incoinino Resources expeiided Moveinent in lund- resources Unrestrlcted funds General tund (426,841) (63,905) TOTAL FUNDS 36? 936 426 841) 63 905) Compar#tiTres for mO¢M¢t in lunds Nei movemenl iii luiids At 117122 3016123 Unrestrlcted funds Generdl tund 121,191 6,171 127,362 TOTAL FUNDS 121 191 127 362 Cump#riilive nel muvemenl in fund%, inLluded iii the abuve ur¢ a% follvw%: Ii)coniin resoiirLe8 Re%'ource.4 expended Moven)ei)I Unreslrieted funds Genenl lund 380,916 1374,745) 6,171 TOTAL FUND8 380916 374.745) 6.171 15. Efv1PLOYEE BENEFIT OBLIGATIONS Tl)¥ Lun)pany i)perate% defiiied Luntribution pen.sion sLI)eiMe.s ()n behdlf of Lertdin einployee% aiid direLt(Ir%. The as%et% i)f Ihe.%Lh¥ine dre h¢ld 4Lyurdl¢ly from th()%¥ i)f th¥ L(Iwnpdrby in an ind¥p¢nd¢nily ddmitsi4l¢r¢d fund. Ci)nlributioris fur th¥ y¥ar amiiunt¥d to £9,33512n23 L9,21)5I. 16. RELATED PARTY DISCLOSURES The LK'irily 1% r¢lJled to Lite IStuLkpurtl Limit¢d. J Lumpdny iiiLurpurat¥d in Enbyland. by virtue of u Lunlri)Ilingr interest held by the Lh&rity'8 dircLtor find ioinphny 8LcrL'tary who ttrL connLetcd by ft ftsmily rLIAtion%hip. At 30 Jiine 2024, £1,620 (2023 LNill was due lo Lite (Siockport) Limited. The Lharity and limited Lompl< ny have niade a jtsint ieiider lo tlie Skills Fundingy AgenLy and note 4 of the linanLial statements inlludes the Lharity's inLonie aribing from this tender. Page 10 coniinued...
LITE LIMtTED OTES TO THE FINAIYCIAL STATEMENTS- eonllnued FOR THE YEAR ENDED 30 JUNE 2024 17. COI¥IPAIYY LIT*llTED B Y GUARANTEE The Charity is a ¢omp8iiy Limited by Giiaranlee and has ilD share capithl. Page 11
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