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2023-03-31-accounts

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ANNUAL REPORT & FINANCIAL STATEMENTS

st April 2022 – 31st March 2023

Learning Disability Network London Ltd. Registered Charity No 801081 Registered Company No 2325273

Celebrating 60 years

Celebrating 60 years of creating opportunities and supporting people with learning disabilities across London.

During this time, we have supported thousands of people to be healthy, safe and to live well.

That’s something worth celebrating.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Contents

A letter from our Chair ..........................................................................................4 Our Trustees’ Report ...............................................................................................6 Our purpose and values .............................................................................................8 What we do ............................................................................................................................10 Why we fundraise ............................................................................................................12 Our year in review ...........................................................................................................16 Our year in pictures ..........................................................................................16 Our stories ...................................................................................................................18 Our impact in numbers.................................................................................26 Our impact in detail ........................................................................................27 Our finances ..........................................................................................................................32 The year ahead...................................................................................................................36 Our Ambitions .......................................................................................................36 Our Strategic Plan .............................................................................................38 Our governance and management .............................................................40 Statement of trustees’ responsibilities ........................................................44 Independent Auditors’ Report ........................................................................46 Financial Statements ............................................................................................54 Consolidated Statement of Financial Activities ...............................56 Group and Charity Balance Sheets ..............................................................57 Consolidated Cash Flow Statement ............................................................58 Statement of accounting policies ...................................................................60 Notes to the financial statements ...................................................................64

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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A letter from our Chair

It’s an enormous privilege to chair the Board of Learning Disability Network London (LDN London), but never more so than through its 60th year. Our organisation has worked tirelessly and courageously over the last 6 decades to support people with learning disabilities across London to live healthy and safe lives.

We’ve been proud to celebrate our achievements, including opening our first Community Hub in Westminster in our anniversary year. Having launched a pilot last year, we’ve secured funding to open a permanent Hub on London’s Harrow Road. LDN London’s Community Hub is a place for people with learning disabilities to learn life skills, meet others and be included in their community, helping to alleviate the feelings of isolation.

The Hub offers advice and runs workshops for those who get little or no statutory funded support, assisting people to be safer, healthier and happier. The Hub tackles the huge inequalities people with learning disabilities face every day in London, including health, poverty and employment. We share the tools to

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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overcome inequality and to be more confident and independent. As we go forward, our aim is to establish similar Hubs in all the London Boroughs in which we operate.

We are grateful to the following for making this possible:

Key donors:

Challenge participants:

And everyone who attended and supported our 60th Anniversary dinner and Christmas raffle, and other donors who wished to remain anonymous.

LDN London is governed by a passionate, committed Board of Trustees, none more so than Ann Caro and Cathy Slater whose tenures

sadly came to an end this year. They will be sorely missed, but their years of expertise and knowledge of learning disabilities will continue to benefit the organisation and the lives of those we support through their roles as members of our Advisory Council.

We led our diamond anniversary celebrations with our Covid Gold Awards for Staff, recognising the dedication and resilience of our staff throughout the pandemic. For senior management and staff alike, the event was a poignant reminder of the experience of caring through the most testing of times and a true celebration of teamwork. Championing our staff has always been a core focus for us: for example, some time ago, we resolved to only work with local authorities which are committed to paying the London Living Wage. Additionally this year, using our own funds, we brought forward a pay increase for support workers, to provide additional funds for our lowest paid staff during the cost-of-living crisis.

In October we held a dinner to celebrate our 60 years supporting learning disabled people and were inspired by our guest speaker, disability rights activist Heidi Crowter. Heidi spoke with passion about her lived experience and her unremitting drive for equality. We were thrilled to welcome many longstanding supporters and allies to that celebration, including Myra Round, Shirley Rodwell and Hilary Bach, who have been involved in our work and helped shape our organisation over its 60 years.

As we move into our seventh decade, we will continue to provide industry-leading support. We will continue to focus our fundraising efforts on the most marginalised and often overlooked adults in our communities. Our work is challenging, a challenge we wholeheartedly accept.

Lynne Peacock Chair of the Board

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our Trustees’ Report

(incorporating the strategic report)

Our purpose and values What we do

Why we fundraise

Our year in review… Our year in pictures Our stories Our impact in numbers Our impact in detail

Our finances

The year ahead… Our Ambitions Our Strategic Plan

Our finances

Our governance and management Statement of trustees’ responsibilities

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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OUR PURPOSE AND VALUES

We work to ensure that people with learning disabilities are safe and healthy and live good lives; that they are valued as equal citizens, can make full use of their community and are able to make decisions about their lives at every opportunity, no matter the level of their disability.

Our values run through everything we do and help us to fulfil our purpose. Our services are delivered on the principles that the people we support:

Are Can make Are treated Can Achieve Included Choices and their with Dignity as a valued Decisions dreams and and Respect part of the about their aspirations. as valued community. lives. individuals.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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ANNUAL REPORT 1 1" APRIL 2022 - 31, MARCH 2023

WHAT WE DO

Learning Disability Network London Ltd (LDN London) is a registered charity which has been providing facilities and support for people with a range of learning disabilities and their families in London since 1962. The objective of LDN London outlined in the Articles of Association is to relieve the charitable needs of people with a learning disability and their families and carers and to promote equality and diversity.

We have developed a wide range of services to meet this objective, including registered care, supported living, domiciliary care, community support, short breaks and children and family support services.

There are no restrictions to access the services we offer, although our work is for people with learning disabilities and their families within the Greater London and nearby areas. We currently operate in 5 London boroughs and have significant experience in supporting people with disabilities, including people with complex needs and profound and multiple disabilities.

We place special emphasis on promoting family relationships as this is crucial to delivering successful services. We also provide family support and other services for children.

As a charity we raise voluntary funds to deliver beyond statutory requirements. This enhances the lives of those we support and those who receive little or no funding or support through our contracted services. This is why our fundraised activities are focused on our Family Services and our new Community Engagement Hubs, which are aimed at closing the gap in provision. We also access government funding to provide statutory services through our registered care, supported housing, respite and outreach services.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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We consult with a wide range of people about what we should be doing to develop our services. We talk and listen to people with learning disabilities, their carers and family members, as well as local authorities and other partners. This ensures our services make a difference to people’s lives and are what adults and children with learning disabilities want and need.

We set aims and objectives within six strategic pillars which form the foundation of our business planning process. These are continually monitored and re-evaluated through our management and committee structure and various consultation groups and events.

We know our aims and objectives cannot be achieved without resources and are committed to improving our financial performance and recruiting and retaining high quality and well supported staff.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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WHY WE FUNDRAISE

We fundraise to tackle social isolation, the vulnerability of loneliness, the impact of poverty, exclusion from the workplace, homelessness, exposure to hate crimes and poor health outcomes for people with learning disabilities.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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For a person with a learning disability, feelings of being disconnected from the world, lacking human contact and living with a sense of isolation can be experienced every day, every year, for a lifetime.

We fundraise to provide support and opportunities, which enable us to listen and respond through projects to tackle the inequalities people with learning disabilities face. We want to give these people the opportunities most people who do not have a learning disability take for granted: to have a home, a job, access to quality healthcare, chances to socialise and have good relationships.

The list is endless, but our ability to help is limited by the funding we receive.

In our 60 years we have learnt that investing funds in additional support, beyond the statutory provision, works. We have been fortunate to receive a return on our investment income which we have put straight back into community engagement and family programmes.

We have seen first-hand the success of this work, and in particular the direct impact on the lives of London’s learning-disabled population. We want and we need to do more to reach the many people with learning disabilities who do not get or cannot find support - some of the capital’s most vulnerable people.

LDN London has a small team, which organises fundraising events and employs a manager, who oversees grant and trust applications as well as corporate support and funding. We have a charter in which we commit to high standards when raising funds.

All who are kind enough to support us can be reassured that we do not use intrusive fundraising practices and we value every penny provided to us to fulfil our ambitions for learning disabled Londoners. The full Charter is published on the website. No complaints have been received in respect of fundraising.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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“ LDN London’s work is so valuable but is often forgotten by people who aren’t personally affected. ” LDN London works together with Maida Vale School to raise awareness about learning disabilities.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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I came across LDN London when doing some research, it really struck a chord with me. I volunteer with a charity that provides holidays for young people with disabilities. After looking around LDN London’s website and social media, I found the photo series taken of the adults supported by LDN London and I was sold!

LDN London’s work is so valuable but is so often forgotten by people who aren’t personally affected. I think it is invaluable to shine a light on it at Maida Vale School.

Laurence Swan, Community Engagement Manager at LDN London, came to speak at our school assembly and it was amazing to see and hear lots of the pupils, staff and parents then talk so positively and get so excited about partnering with LDN London and the potential possibilities. Pupils doing their Duke of Edinburgh Bronze award recently visited The Hub, and some of them asked to volunteer there after seeing how special it was.

Students have also been enjoying thinking of creative ways to fundraise for LDN London and to interact with people LDN London supports. They are also excited that the charity is so close to the school and can see the difference their involvement is making locally.

One year 9 student said about volunteering with LDN London: “It makes you feel good helping people and giving back to those who might not have as much joy and fun in their everyday lives. Being able to see what other people’s lives are like and understanding what living with a disability is like is also helpful and interesting.”

Another student, also in Year 9, said: “I am looking forward to knowing more about the lives of adults with learning disabilities and how we can help them!”

We are hoping to develop our link - with fundraising events for LDN London, and volunteering opportunities for pupils and adults supported by LDN London to meet and get to know each other. Because we are practically neighbours, we would love to have more frequent events and develop relationships to the point where some Maida Vale pupils and LDN London adults know, and are comfortable, around each other.

Written by Amelia Pocock – English teacher at Maida Vale School

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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OUR YEAR IN REVIEW

Our year in pictures

To mark our 60[th] anniversary we commissioned a photo exhibition with Down the Lens.

PATRICIA

“I love Shirley from Eastenders, she is my favourite person, my hero.”

ROY

“When I look in the mirror, I tell myself how handsome I look.”

LEANDRO

“Leandro really enjoys music - Ariana Grande is his favourite artist. She always gets him moving!”

MARGARET

“I absolutely love horses; they make me smile so much!”

KIM

“I am beautiful and kind and caring and thoughtful and happy and I am a very nice person.”

KEITH

“Enjoys all reggae music especially Bob Marley . Likes watching Eastenders, bus rides to the park and always has a huge smile on his face.”

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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TROY

“I am dreaming about going on holiday in the UK, Butlins, country houses and Alton Towers are my favourite. Oh, and I LOVE Arsenal!”

STEPHEN

“I am a DJ and I love to play 80’s electronic music. I love seeing people dancing and singing along.”

RICHARD

“Films are my favourite. Anything with Clint Eastwood in is great. I’ve met lots of actors, y’know! I am almost famous myself!”

SHAHINA

“I love having my photograph taken, I feel like I am famous!”

ANNETTE

“Ballet and Disney films are Annette’s favourite.”

SARAH-JANE

“Lip gloss and everything sparkly is Sarah-Jane’s favourite.”

VALMIE

“I am really shy! No, I am not really. I love dancing and singing and I am always happy.”

JANINE

“I love playing the guitar and DJing. I also work in a kitchen at a primary school as a chef at a day centre and I love it.”

MATTHEW

“As you can see, I LOVE colour. I enjoy painting and pottery and I cannot wait to start my college course so I can do more of this!”

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our stories

“A big difference to my life”: LDN supported Mary when her family were in crisis

Mary is a single mum to a five-year-old autistic son, as well as a full-time carer for her mum who has a mental health condition. She originally came to LDN London’s Family Services for support with paperwork and advice to support her son.

In December 2022 Mary’s house flooded from a leak. She spent over six hours trying to collect water to stop it from destroying all her possessions. Mary and her son then had nowhere to live.

They were forced to live temporarily in hotel rooms. Staying at a hotel in Victoria was “a real struggle”, she says, because there was no kitchen. This meant she had to wake up at 6.00am to visit her mum’s home in Covent Garden to make breakfast for her son. She was constantly travelling back and forth between her son’s school, Covent Garden to support her mum, and the hotel in Victoria.

It was incredibly stressful for her, and she described feeling depressed. Although she didn’t want to show it: “I have to be strong because I’m a carer for two people who need me. I bottled everything up for a long time.”

Mary describes her son as a “positive rollercoaster”, but he found it difficult to cope with the changes. He was also scared at the hotel and would not stay there, so had to stay with a family member at times.

Sahara in our Family Services Team gave advice and support to Mary throughout this time. She assisted her to complete forms to get extra financial support and advised and helped her to apply for accommodation and find a permanent place to live.

Mary said that she was always there to reassure her. “Any time something came up and I was a bit confused about what it meant, she was there to explain it. Sahara was the only person that I could turn to, and I’d know that she’d get me to stop worrying and panicking.”

After three months in the hotel, Mary and her son were able to move to a two-bedroom house, while they wait for somewhere more permanent. She is feeling much more positive and secure.

Mary is grateful she was introduced to Sahara and LDN's Family

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our stories

Services Team and described her as her “guardian angel”. She says, “I genuinely don’t know how I could possibly have coped with all my responsibilities. It’s so helpful having someone who is aware of different rules, things that you must complete, steps that you need to follow. I’m not that knowledgeable when it comes to stuff like that. I’m not good with forms, especially when I’m taking care of two people very close people to me. I hope there are more people who are as professional and as lovely as she is, because she’s made a big difference to my life.”

“ I genuinely don’t know how I could possibly have coped with all my responsibilities. I hope there are more people who are as professional and as lovely as she is, because she’s made a big difference to my life. ”

Mary

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our stories

LDN family services supported three year old Seb and his mum

LDN London began to support Seb and his mum when he was three years old. Seb is autistic and can show some distressed behaviours.

LDN’s portage practitioner is Alexandra. Portage provides early intervention and support for pre-school children with special educational needs and disabilities (SEND). Alexandra helped Seb’s mother to observe and understand his behaviour and gave her methods she could use to help him. She completed extra training on auditory verbal therapy and received coaching on how to help him with his listening and spoken communication.

After a few months of regular sessions, his parents had a much better understanding of autism and his behaviour patterns. They were confident supporting Seb and had developed a regular family routine. Seb also began reception class at school.

About a year later, Seb’s mum contacted LDN London again. She felt something had changed and she could not understand her son’s behaviour. Alexandra listened to her concerns and went over the techniques they had talked about before. She reassured her that as children grow up their behaviour changes and so we also need to change the support we give.

Alexandra showed Seb’s mum that she already knew what to do. She guided her to use the techniques she had learned and illustrated how these could be adjusted to support Seb in new situations. Through this, Seb’s mum realised she had the tools to help her son, she just needed to adapt them as he got older.

Seb’s mum sent a message to LDN about the support she received: “My family and I would like to thank you for everything you did. You made our path clearer with all the strategies you shared. Thank you for listening to all my fears and doubts. You were with us to give advice when we felt defeated and were crying out for help. I will practice everything I learned from you. I hope that the Family Services continue to allow you to give us support and advice until our children are older.”

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our stories

“ My family and I would like to thank you for everything you did. You made our path clearer with all the strategies you shared. Thank you for listening to all my fears and doubts. You were with us to give advice when we felt defeated and were crying out for help. ”

Seb’s mum

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our stories

LDN’s Community Hub has been a lifeline for Stephen

Stephen began coming to LDN’s Community Hub last year when it first opened.

Stephen, who is in his 40s and has a learning disability, receives minimal local authority funded support.

Stephen told us he was lonely and struggled with depression during the pandemic. Things were tough: his family members got ill and that was hard to cope with. When LDN opened the Community Hub after lockdown and started groups, he was the first person through the door.

Stephen came to the first session in 2022 for advice on voting. That gave him the confidence to vote in the local Council elections. He has been to almost every workshop since.

At LDN’s Community Hub he has learnt to better manage his mental health. He said that he found the sessions delivered by Westminster Talking Therapies on cognitive behavioural therapy and understanding emotions extremely helpful.

The Hub has also helped him to stay in touch with friends, and make new ones, which has also boosted his mental health.

Stephen said he is grateful to have somewhere to go to socialise. He says: “I was so miserable during lockdown, so coming to the Hub has been brilliant. I can see everyone again.”

Over the year, Stephen has grown in confidence. He has acted as our representative at local community fairs in Westminster, Islington and Camden, telling people about the charity and went to a learning disability conference as LDN London’s ambassador.

Stephen has learned a lot and continues to gain life skills. He recently completed training sessions to improve his computer skills and is the Hub’s resident tech support and the DJ for parties.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our stories I 111.A ANNUAL REPORT 1 1" APRIL 2022 - 31, MARCH 2023

Our stories

LDN supported Gail after a stroke

Gail is 45 and has a learning disability. During lockdown she had a stroke and spent a lot of time in hospital. It was frightening for her. No one could visit and she felt extremely vulnerable and scared. She didn’t know what would happen.

It was a slow process getting back to normal for Gail. Her physical health deteriorated due to her stroke and her mental health got worse because of the isolation of the lockdown.

When she found out LDN’s Community Hub was opening, she couldn’t wait to come and join in. Since then, she has hardly missed a workshop. “She is usually the first to arrive at our sessions and is last to leave”, community manager Laurence says.

Gail told us she loves both learning new skills and the social part of attending the Community Hub. She is a very sociable person and has lots of friends. She meets up with most of them at the Hub. Having a place to be able to regularly spend time with friends has been positive for Gail’s mental health.

Gail receives minimal local authority funded support each week to assist with filling out forms, booking appointments and extra help with life skills.

She loves getting practical tips from sessions at the Hub. She attended an energy saving and sustainability workshop and is now keen to recycle and reduce the amount of energy she uses in her home.

She has thrown herself into workshops and has been doing lots of exercise, from archery to dancing, which has really helped improve her mobility, which was badly affected by the stroke.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our stories r/1 Lth Cofflmunity Advice and Support for peoplc 'NIi ANNUAL REPORT 1 1" APRIL 2022 - 31, MARCH 2023

Our impact in numbers

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Boroughs

12,220

Weekly support hours for 195 adults with learning disabilities living in our housing services

808

Weekly outreach support hours for 60 adults with learning disabilities

118

Families supported by our Family Service Team

161

Children supported by Kids Can Achieve

50

Adults with learning disabilities accessing our LDN Community Engagement Hub

3,510

Training sessions completed by staff over the last year

515

Members of staff

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our impact in detail

Adult Housing

We operate 3 registered care homes in Westminster, with dedicated staff teams benefitting 13 adults with learning disabilities who need 24-hour support. The people who use our services are supported to ensure their individual needs, wants and wishes are met in a homely environment at the heart of their community.

We provide a range of secure tenancy supported housing accommodation services in Westminster, Camden, Islington and the Royal Borough of Kensington and Chelsea, which includes onebedroom flats and shared living flats. The tailor-made support packages vary from 24-hour on-site support to the more traditional supported housing outreach model.

At year end, 12,220 weekly support hours were being provided to 195 people across all our adult housing services (12,232 hours for 196 people in 2022).

All supported housing and registered care tenants had an individual budget, each with a clearly identified level of support hours being provided and transparent associated costs.

Ensuring our adult housing services are fully utilised continues to be a top priority. The average void / vacancy rate across our housing services increased to 10% during 2022/23 (8% in 2021/22) with the year end the void rate at 10% (7% in 2021/22). There has been a total of 35 moves during the period (25 in 2021/22) in line with our housing strategy in responding flexibly to individual’s housing wants and needs.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our impact in detail

Short Breaks

Outreach

We provide a Short Breaks service across 2 sites in Westminster and Kensington and Chelsea. This service provides planned and emergency building based respite places benefitting up to 16 adults with learning disabilities at any one time, as well as up to 150 hours per week of outreach support.

Our LDN4U outreach teams and other supported housing hubs have continued to provide tailor-made packages of floating support to people living in the community.

At year end, 808 weekly support hours were being provided to 60 people (876 hours for 60 people in 2022) with individual packages ranging from 3 hours per week basic tenancy support to more complex and inter-agency support packages. This includes support being provided in Westminster, Camden, Islington and Kensington and Chelsea.

Community Engagement Hub

Our LDN Community Engagement Hub supports vulnerable adults who receive little or no support from other agencies. The Hub was piloted in Westminster during the year and was funded by our own fundraising initiatives and a grant from Westminster City Council.

The aim of the pilot was to listen, learn and develop the service. We heard from beneficiaries, their experiences of living through the pandemic and what it is they need to move forward and recover. We tried out new sessions and workshops and trialled initiatives to support stronger community relationships. A key focus was also to create connections with corporate sponsors, with the aim of securing sustainable partnerships and long-term stability.

During the year 50 individuals accessed the Hub with 62 sessions / workshops taking place.

Children and Family Services

The service aims to develop confidence and resilience for parents and carers of children or adults with a learning disability. The service provides counselling and portage as well as advice, information and support regarding welfare benefits, landlord disputes, health issues and risks, referrals, EHCPs and signposting to foodbanks and volunteer programmes.

The number of families receiving support from our Family Services Team during the year was 118 (151 in 2022).

Our Community Engagement Hub and Children and Family Services are funded entirely from grants, donations and our investment income. These life enhancing services are not otherwise available through statutory funding.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our impact in detail ppp ANNUAL REPORT 1 1" APRIL 2022 - 31, MARCH 2023

Our impact in detail

Kids Can Achieve Limited (KCA)

KCA aims to provide services for children and young adults with special needs and disabilities which offer the same opportunities that all children should enjoy. They work to ensure the children they support, and their families are safe, happy, and healthy.

They offer a wide range of services including one to one and community-based activities, after school and weekend clubs, school holiday schemes and family support and therapy.

LDN London is the sole member of KCA, a charity registered in England and Wales (Charity Number: 1096796).

KCA is a charitable company limited by guarantee (Company Number 4606116), incorporated on 10th December 2002 and registered as a charity on 1st April 2003. It has a trustee body which is responsible for overseeing and monitoring the key areas of activity within the organisation. The day-to-day management of the organisation is commissioned to and carried out by LDN London which is led by its Director of Services who reports to the KCA Board of Trustees. KCA operates throughout the borough of Harrow, and in neighbouring areas, and maintains an office in Harrow Weald.

The objective of KCA is to relieve the needs of children and young people with a learning disability or other additional needs and their parents and carers, by the provision of play, therapy, representation, and educational and social support. There are no restrictions to access the services offered by the charity although their work is for children and young people with learning disabilities and their families. In 2022/23 KCA provided support to 161 children (120 in 2021/22).

KCA operates a year-round Outreach Community Support Service delivering tailor made packages of support in the local community and schools during the day, after school, in the evenings and at weekends. Each package varies depending on the needs of the child or young person with 8,198 hours of support provided to 61 children during the year (2022: 8,673 / 46 children). KCA also operates holiday schemes over 11 weeks of the year during Easter, summer, Christmas and half term periods. 1,502 days of holiday scheme were provided to 111 children during the year (2022: 853 days / 77 children).

There is an After School Club and weekend club operating during term time for 38 weeks of the year. The main After School Club takes place 5 days per week, Monday to Friday, and the Saturday Stay and Play Group takes place at weekends. 2,363 After School Club sessions were provided to 75 children during the year (2022: 1,875 sessions / 54 children).

KCA also provides a variety of family and children’s services funded by the City Bridge Trust, John Lyon’s Charity and the local Clinical Commissioning Group (CCG) with 142 families receiving support during the year (129 in 2021/22).

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our impact in detail ANNUAL REPORT 1 1" APRIL 2022 - 31, MARCH 2023

OUR FINANCES

Finances

The annual accounts show an end of year group operating deficit of £275,506. One of the significant factors with this operating deficit was a decision to bring forward a pay increase for our permanent and sessional support workers which was applied in December 2023. This was to improve our recruitment and retention and to support our lowest paid staff during the cost-of-living crisis. After taking account of unrealised and realised losses of £569,370 on the investments, there is an overall group deficit of £844,876. This group deficit includes £275,458 of investment income and bank interest.

Across all direct support services there has been a £116,487 (0.6%) decrease in group income to £19,111,697 in 2022/23.

Adult Housing and Respite Services have seen a £432,067 (2.5%) decrease in income to £16,798,986 in 2022/23 due to changes in support packages across multiple services. Community Services have seen a £139,978 (12.0%) increase in income to £1,308,249 in 2022/23 also due to changes in support packages across multiple services. KCA has seen a £136,823 (29.5%) increase in income to £600,134 due to increases in activity levels following the end of the Covid19 pandemic.

Expenditure has fluctuated in line with changes to service delivery.

Reserves

The organisation holds 3 types of reserves. Unrestricted general (£89,427), designated (£9,465,067) and restricted (£350,672). At 31[st ] March 2023, the total group reserves are £9,905,166.

Unrestricted general reserves are held to meet day to day operating costs and the risks associated with fluctuations in income, particularly through the loss of contractual arrangements. Currently our unrestricted general reserves are £89,427. It is the aim of the Trustees to increase this fund through improved financial performance to at least 6 months of indirect costs over the coming years which currently equates to approximately £1.84M.

Designated reserves comprise fixed assets and investment funds.

The designated fixed assets reserves are held to meet the future needs of our services. At 31[st] March 2023, LDN London’s designated fixed assets reserves are £1,796,178. The property fund represents the net book value of the buildings owned by the charity and the other fixed assets funds represent the net book value of motor vehicles, building improvements, fixtures and fittings and computers fully owned by LDN London.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

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Our finances

The designated investment reserves are held to provide investment income. The majority of these reserves represent the realisation of a property asset originally donated by a supporter to further the organisation’s charitable aims.

Income arising from these investments is applied by us to finance non-statutory funded activities which would not otherwise take place, either because funding has ceased, or because funding is not available. These activities form part of our strategic aims. Given their importance, the Trustees have allocated the capital value of those investments as a designated fund. This fund is to be held for the longer term to help support similar worthy unfunded activities in the future. At 31[st] March 2023, our designated investment reserves are £7,668,888 which includes the investment fund (£7,298,650) and the small grants fund (£370,238). It is the aim of the Trustees to increase the investment fund to provide an annual income of £300,000 which, based on a 3.5% return, equates to approximately £8.6M.

The restricted reserves include the Alice Gestetner investment fund (£226,611) and other funds which have been raised to enable the delivery of non-statutory funded activities by LDN London. At 31[st ] March 2023, our restricted reserves are £350,673. As these funds are restricted, they are not available for general purposes of the charity. Whilst the Trustees do not have a target for increasing the level of restricted funds, it is their aim to secure ongoing additional fundraised income (both restricted and unrestricted) to support the charity’s activities and to spend these funds in a timely manner.

LDN London’s reserves policy is informed by its:

The level of reserves is monitored and reviewed by the Trustees at least on a quarterly basis.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

33

Our finances

Investments

LDN London’s investment powers which are set out in the Articles of Association, gives the charity the power ‘to invest any money that LDN London does not immediately need in any investments, securities or properties; and to accumulate and set aside funds for special purposes or as reserves’.

LDN London’s Investment Advisors are HFMC Wealth of 29 St John’s Lane, London, EC1M 4NA.

At 31[st] March 2023, the market value of LDN London’s investments was £7,895,500 compared with £8,464,870 in the previous year. There were net unrealised and realised losses of £569,370 on the investment portfolio during the year. These monies are invested in 2 discretionary managed portfolio funds: with Cazenove Capital and Brewin Dolphin.

LDN London’s investments comprised:

(£)
Equities 4,539,514
Fixed Interest 1,726,788
Deposits 197,680
Commodities 838,518
Other 593,000
TOTAL 7,895,500

The portfolio is invested with an emphasis on a balance between income and capital growth. It is managed with a medium risk approach with a broad spread of equities that may include an element in cash and / or bonds. The dual aims over the medium to long term, is for the capital value of the invested funds to achieve a growth of CPI and for the generation of interest / dividend income at 3.5% per annum.

The income return over the year was:

Cazenove Fund 3.1%
Brewin Dolphin Main Fund 3.3%
Brewin Dolphin Alice Gestetner Fund 3.4%
Brewin Dolphin Small Grants Fund 3.5%
TOTAL 3.2%

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

34

Our finances

The medium-term growth in the capital value was:

Capitalgrowth CPI
Previous 5 years 9% 23%
Previous 10 years 45% 31%

The investment income of £270,474 in 2021/22 (see note 3) was used to fund the Family Services Team (£91,603), the LDN Community Engagement Hub (£109,135), a Digital Development project (£47,434), and grants provided by the Alice Gestetner Fund (£22,302).

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

35

THE YEAR AHEAD

Our Ambitions

We will continue to be a recognised leader in the provision of support for people with learning disabilities in London.

We want to continue to establish meaningful and collaborative partnerships in all the London boroughs we work in, which influences and shape future services and provides value for money.

We will only expand the Learning Disability Network where we can make a difference to the quality of people’s lives.

We will establish partnerships which enable better long-term planning, investment, and value for money. We want to continue to work with commissioners and other partners, including people with learning disabilities and their families to develop high quality models of service, which are sustainable in the future.

Our services will be robust and resilient with management and support structures which are efficient and provide value for money. We will transform our systems and processes to make best use of technology and embrace digital innovation.

We will maintain secure financial foundations to provide stability across all our activities. Changes in contractual arrangements will be effectively managed with flexible and dynamic central services.

In each of the London boroughs in which we work, we will offer unparalleled, accessible support to those with learning disabilities regardless of their personal funding. Where statutory funding is not available, we will raise substantial voluntary funds to deliver on our ambition with the creation of our Community Engagement Hub initiatives.

Our Community Engagement Hubs will also collect and share information about outcomes for learning-disabled people to ensure we make the greatest impact, and we can directly influence local and national policy decisions.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

36

The year ahead

We will recruit and retain exceptional staff who are well supported and work for us because we invest in them, value them and make sure that they are equipped to do their jobs well. We will be the employer people will choose to work for.

We will ensure that the quality of our services is consistently excellent in all aspects of support, and that we are caring, ambitious, and innovative.

We will improve the health and wellbeing of the people we support to ensure better outcomes for all.

We will maximise our property assets to offer good quality accommodation with the right support, where tenants will have more choices about how they live.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

37

The year ahead

Our Strategic Plan

To achieve our ambitions, we have 6 strategic pillars which support our strategic plan. These pillars are essential in guiding us towards our aspirations to be the best learning disability organisation in London. All our ambitions are underpinned by effective safeguarding as a core principle across all our activities.

Each pillar represents the themes that people we support, their families, our staff, and our partners have told us are important to them.

OUR STRATEGIC PILLARS ARE:

Strong, Effective, Resilient

Community Engagement- Ending Isolation

Values in Practice

To strengthen strategic partnerships, with effective and resilient services, systems and structures.

To raise funds for our Community Engagement Hubs and deliver on our charitable aims.

To provide quality assurance and continuous improvement processes to ensure we practice our values in everything we do.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

38

The year ahead

LDN People

Health Literate, Health Confident, Health Aware

Good Homes, Good Lives

To roll out innovative recruitment, retention, and recognition initiatives and implement a learning and development reset.

To provide an integrated Health and Social Care model of support across our accommodation services.

To provide goodquality housing that delivers ‘good homes, good lives’.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

39

OUR GOVERNANCE AND MANAGEMENT

Structure, Governance and Management

LDN London currently has 10 Trustees who constitute the Board (”the Board”), which is responsible for the administration, management and control of the affairs and property of the Charity. The Board usually meets five times a year including a strategy meeting.

The governing document is the Articles of Association of the company and members of the Board are the Directors of the company.

The Trustees confirm they have complied with the duty in section 17 of the Charities Act 2011 which requires them to have due regard to public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.

The Board has an appropriate range of committees to which are delegated the responsibility for overseeing and monitoring the key areas of activity within the organisation and reporting to the Board. The Trustees and committee members come from a wide range of related professional and personal backgrounds. Each committee has terms of reference which outline both purpose and process. The purposes of the board and committee structure is set the strategy of the charity, monitor the activities and performance of the organisation, provide guidance where appropriate and to ensure the organisation is meeting its objectives and working within the law.

We consult with people with learning disabilities, their families and carers. These consultations are valuable and have a direct influence on our decision-making processes.

The management team is led by the Chief Executive (Gabby Machell) who reports to the Board of Trustees. We operate within a number of London boroughs and maintain an office in West London.

LDN London is the sole member of Kids Can Achieve Ltd (KCA), a charity recognised in England and Wales (Charity Number: 1096796).

The Trustees are also members of LDN London. No Trustee received any remuneration during the year. All Trustees and Officers of LDN London are appointed in accordance with sections 11, 12 and 13 of the Articles of Association.

Trustee Indemnity Insurance forms part of the General Liability

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

40

Our governance and management

Insurance taken out by LDN London. The authorisation to take out this type of insurance is included in the Articles of Association.

The Trustees who served during the year (all of whom are Directors) are as follows, membership of sub-committees is indicated in ( ) brackets:

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

41

Our governance and management

Trustee Recruitment, Induction and Training

New Trustees are recruited as vacancies arise from a wide range of backgrounds with professional, lived and relevant experiences.

On appointment, each Trustee receives the Articles of Association, Risk Register, Strategic Plan, Board Minutes, the most recent set of annual accounts and management accounts, the Charity Commission’s “Charity Trustee Welcome Pack” (an introduction to trusteeship, outlining their roles and responsibilities, and providing guidance and links to further information), and relevant organisational policies and procedures. New Trustees meet with the Chair and Chief Executive and undertake an induction programme including service visits.

In addition to mandatory safeguarding training, Trustees access learning and development opportunities through the Charity Commission and our legal and audit partners. An annual trustee away day is held which includes elements of training and development.

Trustees serve for a term of three years and may be appointed to serve a further two terms. Trustees may only serve more than three terms in exceptional circumstances. Trustees are nominated by members subject to approval by the Board on recommendation by the Nomination Committee. Prior to making appointments, the Trustees review their skills audit to try to attract members with the relevant experience and skills to the Board.

Risk Management

The Trustees are responsible for LDN London’s risk management mitigation systems and reviewing procedures. The material financial and non-financial risks the Charity is exposed to have been identified and an action plan created to ensure any such risks are mitigated. The main areas of risk identified correlate to the pillars of our strategic plan and the associated risk appraisal action plan forms our business plan objectives. The action plan is reviewed quarterly by the Finance, Audit & Risk Committee and Board. This ensures that Trustees are fully up to date with how we are mitigating the key risks to the organisation and whether the risk position is improving or worsening.

Current significant risk areas include the:

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

42

Our governance and management

Environmental Policy

Senior Management Remuneration

Volunteers

We are committed to providing quality services in a manner that ensures a safe and healthy environment for all our service users and employees whilst minimising our potential impact on the wider environment. We actively promote energy conservation, recycling, and the reduction of waste in all our activities and provide training and information to our service users and employees.

The Remuneration Committee meets at least annually to review salary and benefit levels of the senior management team. This review includes sector benchmarking, overall remuneration levels in the charity and the skills and experience of the senior management team.

In keeping with recommended practice, below is an estimate of the number of hours that people give to LDN London free of charge. Volunteers provide direct support and assistance in our services, assistance with fundraising activities and attendance and associated work with The Board, Committees and other operational activities. We have not put a value on the many hours of work that our volunteers give us, but if we were to value them at £20.00 per hour, the total would come to £20,070 (2022: £15,730).

2023 (Hours) 2022 (Hours)
Service Support 96 114
Fundraising 154 119
Corporate 249 162
Governance 505 392
TOTAL 1,004 787

Conduit Funds

At 31 March 2023, LDN London held £694,554 on behalf of service users (2022: £741,068). These amounts are excluded from LDN London’s Balance Sheet. Further details are provided in note 17.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

43

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. 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). 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 charitable company and the group and of the result for that year.

In preparing these financial statements, the Trustees are required to:

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

44

Statement of Trustees’ Responsibilities

The Trustees are responsible for keeping adequate accounting records which are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and the group 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 charitable company and the group 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 charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements and other information included in annual reports may differ from legislation in other jurisdictions.

So far as each of the Trustees is aware at the time the report is approved:

In approving this Trustees’ Report, the Board are also approving the Strategic Report included here in their capacity as company directors.

By Order of the Board

Gabby Machell Secretary of the Board

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

45

Independent Auditors’ Report

Independent Auditors’ Report to the members of Learning Disability Network London Ltd

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

46

rrTIl p•

INDEPENDENT AUDITORS’ REPORT

Opinion

We have audited the financial statements of Learning Disability Network London Limited (‘the charitable company’) and its subsidiary (‘the group’) for the year ended 31 March 2023 which comprise the Consolidated Statement of Financial Activities, the Group and Charity Balance Sheets, the Consolidated Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 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 group 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.

Basis for opinion

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

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

48

Independent Auditors’ Report

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s or the group’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 trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.

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 this gives rise to a material misstatement in the financial statements themselves. 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.

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 our audit

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

49

Independent Auditors’ Report

Matters on which we are required to report by exception

In light of the knowledge and understanding of the group and charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement set out on page 42 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 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 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

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 the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

50

Independent Auditors’ Report

laws and regulations are set out below.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charitable company and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s and the group’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company and the group for fraud. The laws and regulations we considered in this context for the UK operations were Care Quality Commission (CQC) standards, Ofsted framework and standards, General Data Protection Regulation (GDPR), Health and safety and employment legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of income and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, data analytics on the posting of journals, detailed testing of income, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity

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Independent Auditors’ Report

Commission, CQC and Ofsted, and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.

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. Our audit work has been undertaken so that we might state to the charitable company’s members those matters 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 anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Julia Poulter Senior Statutory Auditor

For and on behalf of Crowe U.K. LLP Statutory Auditor London Independent Auditors’ Report

Date: 4[th] October 2023

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

52

Financial Statements

Consolidated statement of financial activities

Group and charity balance sheets Consolidated cash flow statement Statement of accounting policies Notes to the financial statements

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

54

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING THE INCOME AND EXPENDITURE ACCOUNT)

for the year ended 31[st ] March 2023

Note
INCOME FROM
Income from donations and legacies:
Donations and Legacies
1
Fundraising
2
Income from charitable activities:
Adult Housing & Respite Services
Community Services
Kids Can Achieve
Investments
3
Income from other trading activities
4
Other income
Total income
EXPENDITURE ON
5
Expenditure on raising funds:
Income Generation Costs
Voluntary Fundraising Costs
Rental Costs
Expenditure on charitable activities:
Adult Housing & Respite Services
Community Services
Kids Can Achieve
Total expenditure
Net income / (expenditure) before net
gains / (losses) on investments
OTHER GAINS AND LOSSES
Net gains / (losses) on investments
9
NET INCOME / (EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
Fund balances brought forward at 1 April
FUND BALANCES CARRIED
FORWARD AT 31 MARCH
13*		 Unrestricted
General
Funds
Unrestricted
Designated
Funds
Restricted
Funds
Total Funds
2023
Total Funds
2022
£
£
£
£
£
7,547
-
17,611
25,158
48,200
-
-
26,176
26,176
3,240
16,795,222
-
3,764
16,798,986
17,231,053
1,269,330
-
38,918
1,308,248
1,168,271
-
-
600,134
600,134
463,311
4,984
262,046
8,428
275,458
237,712
69,567
-
7,970
77,537
76,397
-
-
-
-
-
18,146,650
262,046
703,001
19,111,697
19,228,184
186,482
-
4,488
190,970
165,421
-
-
12,032
12,032
1,150
-
-
-
-
9,810
17,038,075
249,958
6,205
17,294,238
16,843,410
1,125,384
84,359
87,108
1,296,851
1,509,887
-
-
593,112
593,112
508,681
18,349,941
334,317
702,945
19,387,203
19,038,359
(203,291)
(72,271)
56
(275,506)
189,825
-
(551,226)
(18,144)
(569,370)
283,000
(203,291)
(623,497)
(18,088)
(844,876)
472,825
4,106
(809)
(3,297)
-
-
(199,185)
(624,306)
(21,385)
(844,876)
472,825
288,612
10,089,373
372,057
10,750,042
10,277,217
89,427
9,465,067
350,672
9,905,166
10,750,042

There are no recognised gains or losses other than those dealt with in the Statement of Financial Activities. All operations are continuing during the year. The notes on pages 61 to 71 form part of these financial statements.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

56

GROUP AND CHARITY BALANCE SHEETS

for the year ended 31[st ] March 2023

Note
FIXED ASSETS
Tangible fxed assets
8
Investments
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts due within one year
11
NET CURRENT ASSETS / (LIABILITIES)
CREDITORS
Amounts falling more than one year
12
NET ASSETS
FUNDS
Restricted Funds
13
Unrestricted Designated Funds
13
Unrestricted General Funds
13		 Group
LDN London
Group
LDN London
2023
2023
2022
2022
£
£
£
£
2,400,927
1,852,958
2,573,413
1,987,964
7,895,500
7,895,500
8,464,870
8,464,870
10,296,427
9,748,458
11,038,283
10,452,834
1,366,216
1,293,040
1,627,065
1,569,964
922,871
831,765
859,824
817,595
2,289,087
2,124,805
2,486,889
2,387,559
(2,446,942)
(2,065,187)
(2,329,614)
(1,986,528)
(157,855)
59,618
157,275
401,031
(233,406)
-
(445,516)
(183,333)
9,905,166
9,808,076
10,750,042
10,670,532
350,672
253,582
372,057
292,547
9,465,067
9,465,067
10,089,373
10,089,373
89,427
89,427
288,612
288,612
9,905,166
9,808,076
10,750,042
10,670,532

The net income / (expenditure) of LDN London before consolidation was (£862,456) - 2022: £530,681 net income. The financial statements on pages 61 to 71 were approved and authorised for issue by the Board on 28[th] September signed on its behalf by:

Director: Lynne Peacock

Director: Martin Haamans

Registered Company No 2325273

The notes on pages 61 to 71 form part of these financial statements.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

57

CONSOLIDATED CASH FLOW STATEMENT

for the year ended 31[st ] March 2023

Note
Net movement in funds
CASH FLOWS FROM OPERATING ACTIVITIES
Depreciation on tangible fxed assets
8
Net (Gains) / Losses on investments
Investment income
3
Interest received
3
Interest paid
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Proft on the disposal of tangible fxed assets
Net cash provided by / (used in) operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Investment income received
Interest received
Interest paid
Loan capital received
Payments to repay loan capital
Disposal proceeds from investment securities
9
Payments to acquire investment securities
9
Movement on investment cash
Disposal proceeds from sale of tangible fxed assets
8
Payments to acquire tangible fxed assets
8
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		 2023
2022
£
£
(844,876)
472,825
260,804
336,917
569,370
(283,000)
(270,474)
(237,613)
(4,984)
(99)
9,386
12,053
260,849
(475,138)
119,413
312,128
-
-
944,364
(334,752)
270,474
237,613
4,984
99
(9,386)
(12,053)
-
233,333
(214,192)
(281,939)
-
-
-
-
-
-
-
-
(88,320)
(296,252)
(36,440)
(119,199)
63,048
18,874
859,823
840,949
922,871
859,823

The notes on pages 61 to 71 form part of these financial statements.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

58

STATEMENT OF ACCOUNTING POLICIES

Company Information

Learning Disability Network London Limited (‘LDN London’) is a Public Benefit Entity as defined by Financial Reporting Standard 102. It was incorporated as a company limited by guarantee on 6th December 1988 (Company Number: 2325273) and registered as a charity on 27[th ] February 1989 (Charity Number: 8010 81).

The registered office of LDN London is 16A Croxley Road, London, W9 3HL

Basis of Preparation

The financial statements are prepared under the historical cost convention as modified to include the revaluation of investments at market value, and in accordance with the Statement of Recommended Practice for Charities (SORP 2019) (Second Edition, effective 1 January 2019), applicable accounting standards (FRS 102) and the requirements of the Companies Act 2006. The accounts of LDN London consolidate Kids Can Achieve. LDN London became sole member of Kids Can Achieve in April 2016. Kids Can Achieve has been consolidated on a line-by-line basis from April 2016.

Going Concern

The Trustees have reviewed the forecasts for the 12 months following the date on which these accounts are approved and the key risks that could impact on this expected financial performance. In doing so, scenarios with a significant impact and associated mitigating actions have been considered. On this basis, the Trustees have a reasonable expectation that there are no material uncertainties regarding the charity’s ability to continue as a going concern.

LDN London has a clear strategic plan and associated risk appraisal which also gives the Trustees reasonable confidence that the financial position should remain positive over the coming years. This includes actions to mitigate risks and any financial impact on LDN London. The key ambitions for the future highlighted on page 32, the budgets and cashflow forecasts and the level of investment funds also support this position.

Critical Accounting Judgements and Estimates

In the application of the charity’s accounting policies, Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant, including expectations of future events that are believed to be reasonable under the circumstances. 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 estimates are revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects the current and future periods.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

60

Statement of accounting policies

The charity recognises accruals in accordance with the accounting policy for creditors and provisions. Where invoices or contracts are not received, the value of the liability is estimated based on the best information available to the charity at the time.

In the view of Trustees, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year. This includes assumptions and estimates for bad debts, the useful and economic life of assets and the valuation of investments.

Income

All income is recognised once the charity has entitlement to the resources, it is probable the resources will be received, and the monetary value of income can be measured with sufficient reliability. Income is deferred when the charity must fulfil conditions before becoming entitled or when the donor or contracting party has specified the income be expended in a future period. Grants from other agencies amounting to a contract for services are included as income as the charity earns the right to the consideration by delivery of those services.

Government grants are recognised on the performance model, when the charity has complied with any conditions attaching to the grant and the grant will be received. The grant in connection to the job retention scheme was recognised in the period to which the underlying furloughed staff costs related to. In respect of the ‘Coronavirus Job Retention Scheme’, there is no amounts included in ‘Income from charitable activities’ (2022: £247,012).

Donations and Grants

Expenditure

Grants are included in the financial statements on an accruals basis. Donations are included at the time of receipt. Tax recoverable in respect of donations received under covenant or Gift Aid arrangements is included at the time of receipt from HMRC. Monies are only deferred where there is not yet entitlement to funds relating to specific activities.

All expenditure is accounted for on an accruals basis. Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. Indirect support costs are apportioned to expense headings, as set out in Note 6. All other expenses, including costs of generating funds and charitable activities, are allocated to expense headings on a direct cost basis. Investment management costs relate to management fees for listed investments. Governance costs relate to the statutory costs of governing the charity.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

61

Statement of accounting policies

Tangible Fixed Assets

Items costing over £1,000 are capitalised as fixed assets or else they are written off as expenditure during the year. Depreciation is provided on all tangible fixed assets, except freehold land, at rates calculated to write off each asset evenly over its expected useful life, as follows:


life, as follows:
Freeholds Building 30 - 50 years
Building Improvements 10 years
Fixtures and Fittings 7 years
Motor Vehicles 7 years
Computer Equipment 5 years

Leasehold improvements are capitalised and depreciated over the lower of the life of the lease or of the useful economic life of the assets. All moveable furniture and fittings are written off as purchased. Assets donated to LDN London, or grants supported are included in tangible fixed assets and the corresponding amount is credited to the Statement of Financial Activities.

Investments

Cash at Bank and in Hand

Financial Instruments

Creditors and Provisions

Funds

Investments are stated at the market value prevailing at the balance sheet date and the unrealised gain/(loss) is recognised in the Statement of Financial Activities.

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

LDN London maintains three types of fund:

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

62

Statement of accounting policies

Pensions

Pension costs for LDN London’s money purchase schemes are charged to the Statements of Financial Activities as payable. Pension contributions outstanding are accrued at year end.

Holiday Pay

Annual Holiday Pay leave and other short term employee benefits earned but not utilised in the year are accrued at year end.

Leased Assets

The annual rentals on ‘operating leases’ are charged to the Statements of Financial Activities on a straight-line basis over lease term.

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

63

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31[st ] March 2023

1. DONATIONS & LEGACIES
4C Hotel Group
CAF Harrow Road
Cliford Gundle Philanthropic Trust
Hanne De Luca
Harriet Dadour
HFMC Wealth
Joron Trust
Legacies
Peter Lewis Crown
ROC Technology
Trustee Donations
Other
Kids Can Achieve
Total Donations & Legacies
2. FUNDRAISING
Christmas Campaign
Gala Dinner
Marathons
Pop Up Shop
KCA
Total Income from Voluntary Fundraising
3. INVESTMENTS
Investment Income (LDN London)
Bank Interest Earned (LDN London)
Bank Interest Earned (Kids Can Achieve)
Total Income from Investments
4. INCOME FROM OTHER TRADING ACTIVITIES
Rental Income (LDN London)
Rental Income (Kids Can Achieve)
Total Other Income		 2023 Total
2022 Total
£
£
-
1,014
1,000
-
11,000
3,500
-
5,500
-
3,100
-
1,146
-
20,000
3,582
-
-
1,000
1,000
-
-
7,115
3,014
2,690
5,562
3,135
25,158
48,200
2023 Total
2022 Total
£
£
816
1,607
16,706
-
7,140
1,462
-
171
1,514
-
26,176
3,240
2023 Total
2022 Total
£
£
270,474
237,613
4,984
99
-
-
275,458
237,712
2023 Total
2022 Total
£
£
69,567
69,567
7,970
6,830
77,537
76,397

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

64

Statement of accounting policies

(b) Analysis of indirect costs
CEO, Finance & Admin (Staf Costs)
Building & Property, HR, IT & SMT (Full Costs) and CEO, Finance & Admin (Non-Staf Costs)
Legal Fees & Audit Fees
Kids Can Achieve
Total
For full 2022 comparatives see note 24
Staf Costs
Depreciation
Other
5. EXPENDITURE ON
£
£
£
(a) Analysis of support costs
Raising funds
- Income Generation Costs (LDN London)
186,482
-
-
- Income Generation Costs (Kids Can Achieve)
4,488
-
-
- Voluntary Fundraising Costs
-
-
12,032
- Rental Costs
-
-
-
Charitable activities
- Adult Housing & Respite Services
14,142,763
205,370
2,946,105
- Community Services
1,070,638
17,955
208,258
- Kids Can Achieve
399,341
37,479
156,292
Total expenditure
15,803,712
260,804
3,322,687
Direct Cost
Indirect Cost
Raising funds
£
£
- Income Generation Costs (LDN London)
-
186,482
- Income Generation Costs (Kids Can Achieve)
-
4,488
- Voluntary Fundraising Costs
12,032
-
- Rental Costs
-
-
Charitable activities
- Adult Housing & Respite Services
14,163,029
3,131,209
- Community Services
1,096,987
199,864
- Kids Can Achieve
426,981
166,131
Total expenditure
15,699,029
3,688,174		 Staf Costs
£
186,482
4,488
-
-
14,142,763
1,070,638
399,341		 Depreciation
Other
£
£
-
-
-
-
-
12,032
-
-
205,370
2,946,105
17,955
208,258
37,479
156,292		 2023 Total
2022 Total
£
£
186,482
160,921
4,488
4,500
12,032
1,150
-
9,810
17,294,238
16,843,410
1,296,851
1,509,886
593,112
508,682
15,803,712 260,804
3,322,687		 19,387,203
19,038,359
Direct Cost
Indirect Cost
£
£
-
186,482
-
4,488
12,032
-
-
-
14,163,029
3,131,209
1,096,987
199,864
426,981
166,131		 2023
Total
2022
Total
£
£
186,482
160,921
4,488
4,500
12,032
1,150
-
9,810
17,294,238
16,843,410
1,296,851
1,509,886
593,112
508,682
15,699,029
3,688,174		 19,387,203
19,038,359
2023
Total
£
2022
Total
£
865,076
728,392
2,587,335
2,284,108
65,144
72,213
170,619
160,882
3,688,174
3,245,595

For full 2022 comparatives see note 24

(c) Basis of indirect costs allocation

Activities Basis of Allocation
CEO & Fundraising/ Marketing (Staf Costs) 25% Fundraising,rest apportioned based on level of income
Finance(Staf Costs) 10% Fundraisingrest apportioned based on level of income
Building & Property, HR, IT, Service Management &
Training (Full Costs) and Fundraising / Marketing,
CEO & Finance(Non-Staf Costs)		 Apportioned based on level of income
Legal Fees & Audit Fees Apportioned based on level of income
Kids Can Achieve Staf Costs & Management Charges - 25% Fundraising, rest
apportioned as direct cost based on level of income from charitable
activities
Non-Staf Costs, Legal Fees & Other Fees - Apportioned based on
level of income from charitable activities

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

65

Statement of accounting policies

(d) Governance costs

Total governance costs for the year ended 31 March 2023 were £158,946 (2022: £155,416).

LDN London
Kids Can Achieve
Total
6. STAFF COSTS COMPRISE
Wages and Salaries
National Insurance
Pension & Life Assurance Costs
Redundancy & Termination Payments
Agency Staf Costs
Total Staf Costs
Group and Charity
The average weekly number of full time
equivalent employees was:
Adult Housing & Respite Services
Community Services
Sessional
Other
Total LDN London
Kids Can Achieve
Total Group
The average number of employees was:
LDN London
Kids Can Achieve
Total Group		 Group
LDN London
2023
2023
£
£
11,915,096
11,572,175
1,208,184
1,186,873
303,915
299,567
-
-
2,376,517
2,341,267		 2023 Total
£
146,688
12,258
158,946
Group
2022
£
12,321,948
1,158,518
268,873
16,000
1,634,921		 2022 Total
£
144,286
11,130
155,416
LDN London
2022
£
12,030,178
1,143,189
265,705
16,000
1,617,584
15,803,712
15,399,882		 15,400,260 15,072,656
2023
Total
Nos.
321
27
114
40		 2022
Total
Nos.
370
30
89
38
502 527
16 13
518 540
2023
Nos.
442
31		 2022
Nos.
489
27
473 516

One employee received remuneration of between £100,000 and £110,000 (2022 - no employees), no employees received remuneration of between £90,000 and £100,000 (2022 - one employee), three employees received remuneration of between £80,000 and £90,000 (2022 - one employee), no employees received remuneration of between £70,000 and £80,000 (2022 - two employees) and one employee received remuneration of between £60,000 and £70,000 (2022 - no employees). Pension costs in relation to these 5 employees were £42,913 (2022 - £39,405).

The aggregate cost of key management personnel in the year ended 2023 was £514,221 (2022: £418,341). The key management personnel are the CEO and Directors who have been employed during the year.

7. NET INCOME / (EXPENDITURE)
Net income / (expenditure) is stated after charging:
Auditors remuneration
- Audit (excluding VAT)
Operating lease rentals
- Land and Buildings
- Plant and Machinery		 2023 Total
£
2022 Total
£
260,804
336,917
30,750
27,750
144,961
236,793
47,163
89,666

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

66

Statement of accounting policies

8a. TANGIBLE FIXED ASSETS - GROUP Freehold Building Im-
provements,
Fixtures
Land and Leasehold Motor Fittings and
Buildings Buildings Vehicles Computers Total
COST £ £ £ £ £
At 1 April 2022 1,795,327 946,659 73,774 1,793,914 4,609,674
Additions - - 11,700 76,620 88,320
Disposals - - - - -
At 31 March 2023 1,795,327 946,659 85,474 1,870,534 4,697,994
PROVISION FOR DEPRECIATION
At 1 April 2022 560,630 360,874 71,549 1,043,209 2,036,262
Charge for the year 20,384 30,072 1,631 208,717 260,804
Depreciation on disposal - - - - -
At 31 March 2023 581,014 390,946 73,180 1,251,926 2,297,066
NET BOOK VALUE
At 31 March 2022 1,234,697 585,785 2,225 750,705 2,573,412
At 31 March 2023 1,214,313 555,713 12,293 618,608 2,400,927
8b. TANGIBLE FIXED ASSETS - LDN LONDON
Freehold Building Im-
provements,
Fixtures
Land and Leasehold Motor Fittings and
Buildings Buildings Vehicles Computers Total
COST £ £ £ £ £
At 1 April 2022 1,795,327 111,241 59,774 1,657,415 3,623,757
Additions - - 11,700 76,620 88,320
Disposals - - - - -
At 31 March 2023 1,795,327 111,241 71,474 1,734,035 3,712,077
PROVISION FOR DEPRECIATION
At 1 April 2022 560,630 54,554 57,549 963,061 1,635,794
Charge for the year 20,384 2,225 1,631 199,085 223,325
Depreciation on Disposal - - - - -
At 31 March 2023 581,014 56,779 59,180 1,162,146 1,859,119
NET BOOK VALUE
At 31 March 2022 1,234,697 56,687 2,225 694,354 1,987,963
At 31 March 2023 1,214,313 54,462 12,294 571,889 1,852,958

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

67

Statement of accounting policies

9. FIXED ASSET INVESTMENTS

Investments relate to the amounts which have been set aside by LDN London to fund part of the family services team, an LDN Community Engagement post and delivery costs, a Digital Development post and grants provided by the Alice Gestetner Fund. The funds are placed with discretionary investment managers.

Market Value at 1 April
Disposal proceeds
Additions at cost
Increase / (Decrease) in cash held in the portfolio
Unrealised & Realised Gains / (Losses)
Market Value at 31 March
Historical Cost at 31 March
Revaluation Reserve
Analysis of investments is as follows:
UK
Fixed Interest
Equities
Cash		 Group
LDN London
Group
LDN London
2023
2023
2022
2022
£
£
£
£
8,464,870
8,464,870
8,181,870
8,181,870
-
-
-
-
-
-
-
-
-
-
-
-
(569,370)
(569,370)
283,000
283,000
7,895,500
7,895,500
8,464,870
8,464,870
8,237,457
8,237,457
8,237,457
8,237,457
(341,957)
(341,957)
227,413
227,413
Group
LDN London
Group
LDN London
2023
20233
2022
2022
£
£
£
£
793,933
793,933
962,504
962,504
1,103,599
1,103,599
1,142,376
1,142,376
197,680
197,680
117,208
117,208
Overseas
Fixed Interest
Equities		 932,855
932,855
887,738
887,738
3,435,915
3,435,915
3,440,442
3,440,442
Commodities
Commodities		 838,518
838,518
914,550
914,550
Other
Other		 593,000
593,000
1,000,052
1,000,052
Total
Total		 7,895,500
7,895,500
8,464,870
8,464,870
10. DEBTORS
Fees and grants receivable
Amounts owed by Group companies
Other debtors
Prepayments and accrued income
11. CREDITORS- Amounts falling due within one year:
Loans
Trade creditors
Tax and Social Security
Accruals and deferred income*		 Group
LDN London
Group
LDN London
2023
2023
2022
2022
£
£
£
£
1,101,444
1,034,757
1,435,210
1,383,670
-
-
-
-
8,206
8,207
6,843
6,843
256,566
250,076
185,012
179,451
1,366,216
1,293,040
1,627,065
1,569,964
Group
LDN London
Group
LDN London
2023
2023
2022
2022
£
£
£
£
31,783
-
83,866
50,000
859,818
838,488
913,573
893,375
343,157
337,256
333,495
329,470
1,212,184
889,443
998,680
713,683
2,446,942
2,065,187
2,329,614
1,986,528

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

68

Statement of accounting policies

Accruals and deferred income includes a balance of £26,791 (2022: £32,801) that relates to deferred income. The movements on this balance can be reconciled as follows:

Group
LDN London
Opening Balance 1st April 2022 £
£
32,801
-
less Income Recognition (32,801)
-
add Deferred Income 26,791
7,511
Closing Balance 31st March 2023 26,791
7,511
12. CREDITORS- Amounts falling due after more than one year: Group
LDN London		 Group
LDN London
2023
2023		 2022
2022
£
£		 £
£
Loans 233,406
-		 445,515
183,333
Analysis of Loans
Amount repayable within 5 years 103,827
-		 365,635
233,333
Amount repayable after 5 years 161,362
-		 163,746
-
265,189
-		 529,381
233,333
included in current liabilities (31,783)
-		 (83,866)
(50,000)
233,406
-		 445,515
183,333
Loan maturity analysis
In more than one year but not more than two years 30,782
-		 84,009
50,000
In more than two years but not more than fve years 41,262
-		 197,760
133,333
In more than fve years 161,362
-		 163,746
-
233,406
-		 445,515
183,333
13. ANALYSIS OF MOVEMENT OF RESERVES
1-Apr		 Transfers
Between
Funds /
Net
31-Mar
2022
Income
Expenditure
Revaluation
Movement
2023
£ £
£		 £
£
£
Unrestricted General Funds 288,612
18,146,650
(18,349,941)
4,106
(199,185)
89,427
Unrestricted Designated Funds
Investment Fund 7,819,886
248,172
(110,991)
(658,417)
(521,236)
7,298,650
Other Fixed Assets Fund 577,874 -
(200,717)
150,247
(50,470)
527,404
Property Fund 1,291,384 -
(22,609)		 -
(22,609)
1,268,775
Small Grants Fund 400,229
13,874
-
(43,865)
(29,991)
370,238
10,089,373
262,046
(334,317)
(552,035)
(624,306)
9,465,067
Restricted Funds
Alice Gestetner Fund 244,755
 8,428
(5,131)
(21,441)
(18,144)
226,611
LDN Hub Fund 33,438
72,695
(79,162)		 -
(6,467)
26,971
Rainbows Fund 14,354 -
(14,354)		 -
(14,354)
-
Restricted Donations Fund -
 6,698
(6,698)		 -
-
-
Kids Can Achieve 79,510
615,180
(597,600)		 -
17,580
97,091
372,057
703,001
(702,945)
(21,441)
(21,385)
350,672
Total Funds
 10,750,042
19,111,697
(19,387,203)
(569,370)
(844,876)
9,905,166

For full 2022 comparatives see note 25

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

69

Statement of accounting policies

13. ANALYSIS OF MOVEMENTS OF RESERVES (continued)

Unrestricted Designated Funds

The Investment Fund represents the designated investments held to provide funds to further the charitable aims of the LDN London. The income from this fund is spent directly on service provision.

The Other Fixed Assets Fund represents the net book value of motor vehicles, building improvements, fixtures and fittings and computers owned in full by LDN London, held in designated funds. This fund will be expended at the end of the depreciation periods.

The Property Fund represents the net book value of two freehold and two leasehold buildings owned by LDN London, held in designated funds. This fund will be expended at the end of the depreciation period.

The Small Grants Fund represents investments held to provide grants, normally up to £300, to people with learning disabilities and their families and carers to assist with the purchase of items such as holidays, beds, bedding and other household goods. The income from this fund is spent directly on these grants.

Restricted Funds

The Alice Gestetner Fund provides grants, normally up to £300, to people with learning disabilities and their families and carers to assist with the purchase of items such as furniture, white goods, clothes and toys, and where possible to help finance a holiday. The income from this fund is spent directly on these grants.

The LDN Hub Fund represents various donations and funds raised towards the activities and sessions at the LDN Community Engagment Hub. It is expected that this fund (£26,971) will be used over the next year but it is expected that new funds will be raised for future years during 2023/24.

The Rainbows Fund represents various donations and funds raised through a wide range of events. It contributes towards the funding of an Education, Health & Care Coordinator post which supports families with young children with a learning disability. This fund has been fully expended.

The Restricted Donations Fund represent a number of donations that were received where donors specified what the funds should be spent on. This fund has been fully expended but it is expected that new funds will be received during 2023/24. The Kids Can Achieve Fund represents the total of funds held by KCA. It is expected that these funds will increase over the coming years. The funds are shown as restricted funds as the objects of KCA are narrower than those of LDN London.

Transfers Between Funds / Revaluation

Transfers and revaluations in the Unrestricted Designated Funds and Restricted Funds relate to capital expenditure and the net gains and losses on our investments.

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Funds at 31 March 2023
are represented by:
Tangible fxed assets
Investments
Net current assets / (liabilities)
Long term liabilities
Total Net Assets
Tangible fxed assets 2022
Investments 2022
Net current assets / (liabilities) 2022
Longterm liabilities 2022
Total Net Assets 2022		 Funds at 31 March 2023
are represented by:
Tangible fxed assets
Investments
Net current assets / (liabilities)
Long term liabilities
Total Net Assets
Tangible fxed assets 2022
Investments 2022
Net current assets / (liabilities) 2022
Longterm liabilities 2022
Total Net Assets 2022		 Unrestricted
Unrestricted
2023
General
Designated
Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
£
56,779
1,796,178
547,970
2,400,927
-
7,668,889
226,611
7,895,500
32,648
-
(190,503)
(157,855)
-
-
(233,406)
(233,406)		 2022
Total
Funds
£
2,573,412
8,464,870
157,275
(445,515)
89,427
9,465,067
350,672
9,905,166		 10,750,042
118,704
1,869,258
585,450
-
8,220,115
244,755
169,908
-
(12,633)
-
-
(445,515)
288,612
10,089,373
372,057		 2,573,412
8,464,870
157,275
(445,515)
Total Net Assets 2022 10,750,042

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

70

Statement of accounting policies

15. CONDUIT FUNDS

LDN London act as appointee for a number of people who use our services and as part of that role we have opened individual bank accounts in which we hold funds on their behalf. At 31[st] March 2023 we had 44 separate accounts holding a total of £694,554 of funds which are not included in the balance sheet of the LDN London.

Opening balance at 01/04/22
Amounts received on their behalf
Amounts expended on their behalf
Closing balance at 31/03/23		 Group £
741,06		 LDN London £
741,068
483,025
(529,539)		 483,025
(529,539)
694,554 694,554

16. TAXATION

Both LDN London and Kids Can Achieve Limited’s charitable activities are exempt from taxation under the Corporation Tax Act 2010.

17. PENSIONS

LDN London has a defined contribution pension scheme administered by The Pension Trust. The scheme is open to new members in which up to 10% matched contributions are made, as long as they are permanent employees of LDN London. At the year end £64,686 of contributions were outstanding (2022 : £50,925).

At 31[st] March 2023, the pension deficit liability was £11,803 (2022 : £18,513).

Kids Can Achieve Limited has a defined contribution pension scheme administered by The Pension Trust. The scheme is open to new members in which 3% matched contributions are made, as long as they are permanent employees of the charity. At the year end £1,273 of contributions were outstanding (2022 : £887).

18. TRUSTEES’ INTERESTS

No Trustee has received any remuneration for the year ended 2023 (2022 : Nil). Trustees received no reimbursed expenditure during the year (2022 : Nil).

19. OPERATING LEASE COMMITMENTS

Total amounts payable in respect of operating leases are as follows:

Land and Buildings (LDN London)
Plant and Machinery (LDN London)
Land and Buildings (Group)
Plant and Machinery (Group)		 less
than 1
1 to 5
over 5
31-Mar
31-Mar
year
years
years
2023
2022
£
£
£
£
£
138,004
-
-
138,004
-
45,377
20,781
-
66,158
66,158
159,004
156,000
546,000
861,004
700,000
47,429
27,278
-
74,707
68,174

Lease payments recognised as an expense in the year ended 31 March 2023 was £192,193 (2022: £326,460).

20. RELATED PARTIES

No management fee was charged by LDN London to Kids Can Achieve Ltd during the year (2022: £18,000). There were no other related party transactions during the year (2022: Nil).

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

71

Statement of accounting policies

21. MEMBERSHIP

LDN London is incorporated as a company limited by a guarantee and does not have share capital.

The members of the LDN London are the serving Trustees. The members’ liability is limited; each member of LDN London agrees to contribute up to £1 to the assets of LDN London in the event of it being wound up. At 31[st ] March 2023 there were 9 members (2022: 41 members).

Kids Can Achieve Limited is incorporated as a company limited by a guarantee and does not have share capital. The members’ liability is limited; each member of Kids Can Achieve agrees to contribute up to £10 to the assets of the charity in the event of it being wound up. At 31[st] March 2023 there was 1 member (2022: 1 member).

22. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT (2022)

INCOME FROM
Income from donations and legacies:
Donations and Legacies
Fundraising
Income from charitable activities:
Adult Housing & Respite Services
Community Services
Kids Can Achieve
Investments
Income from other trading activities
Other income
Total income (2022)
Total income (2023)
EXPENDITURE ON
Expenditure on raising funds:
Income Generation Costs
Voluntary Fundraising Costs
Rental Costs
Expenditure on charitable activities:
Adult Housing & Respite Services
Community Services
Kids Can Achieve
Total expenditure (2022)
Total expenditure (2023)
Net (expenditure) before net gains /
(losses) on investments (2022)
Net (expenditure) before net gains /
(losses) on investments (2023)
OTHER GAINS AND LOSSES
Net gains / (losses) on investments
NET INCOME / (EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS*		 Unrestricted
General
Funds
Unrestricted
Designated
Funds
Restricted
Funds
Total Funds
2022
Total Funds
2023
£
£
£
£
£
2,268
-
45,932
48,200
25,158
-
-
3,240
3,240
26,176
17,000,096
-
230,957
17,231,053
16,798,986
1,152,215
-
16,056
1,168,271
1,308,248
-
-
463,311
463,311
600,134
99
229,372
8,241
237,712
275,458
69,567
-
6,830
76,397
77,537
-
-
-
-
-
18,224,245
229,372
774,567
19,228,184
19,111,697
18,146,650
262,046
703,001
19,111,697
160,921
-
4,500
165,421
190,970
1,150
-
-
1,150
12,032
-
9,810
-
9,810
-
16,383,238
216,843
243,329
16,843,410
17,294,238
1,180,231
293,391
36,265
1,509,887
1,296,851
-
-
508,681
508,681
593,112
17,725,540
520,044
792,775
19,038,359
19,387,203
18,349,941
334,317
702,945
19,387,203
498,705
(290,672)
(18,208)
189,825
(275,506)
(203,291)
(72,271)
56
(275,506)
-
281,190
1,810
283,000
(569,370)
498,705
(9,481)
(16,398)
472,826
(844,876)
(292,183)
294,124
(1,941)
-
-
206,522
284,643
(18,339)
472,826
(844,876)

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

72

Statement of accounting policies

23. COMPARATIVE ANAYLSIS OF SUPPORT COSTS (2022)

EXPENDITURE ON
Analysis of support costs
Raising funds
- Income Generation Costs (LDN London)
- Income Generation Costs (Kids Can Achieve)
- Voluntary Fundraising Costs
- Rental Costs
Charitable activities
- Adult Housing & Respite Services
- Community Services
- Kids Can Achieve
Total expenditure (2022)
Total expenditure (2023)
Raising funds
- Income Generation Costs (LDN London)
- Income Generation Costs (Kids Can Achieve)
- Voluntary Fundraising Costs
- Rental Costs
Charitable activities
- Adult Housing & Respite Services
- Community Services
- Kids Can Achieve
Total expenditure 2022
Total expenditure (2023)		 Staf Costs
£
160,921
-
-
-
13,715,627
1,196,108
327,604		 Depreciation
Other
2022
Total
2023
Total
£
£
£
£
-
-
160,921
186,482
-
4,500
4,500
4,488
-
1,150
1,150
12,032
9,810
-
9,810
-
181,998
2,945,785
16,843,410
17,294,238
112,408
201,370
1,509,886
1,296,851
32,701
148,377
508,682
593,112
15,400,260 336,917
3,301,182
19,038,359
19,387,203
15,803,712 260,804
3,322,687
19,387,203
Direct Cost
Indirect Cost
2022
Total
2023
Total
£
£
£
£
-
160,921
160,921
186,482
-
4,500
4,500
4,488
1,150
-
1,150
12,032
9,810
-
9,810
-
14,109,307
2,734,103
16,843,410
17,294,238
1,338,197
171,689
1,509,886
1,296,851
334,300
174,382
508,682
593,112
15,792,764
3,245,595
19,038,359
19,387,203
15,699,029
3,688,174
19,387,203

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

73

Statement of accounting policies

24. COMPARATIVE ANALYSIS OF MOVEMENT OF RESERVES (2022)

Transfers
Between
Funds/
Net
31-Mar		 31-Mar
1-Apr 2021 Income
Expenditure
Revaluation
Movement
2022		 2023
£ £
£
£
£
£		 £
Unrestricted General Funds 82,090 18,224,245
(17,725,540)
(292,183)
206,522
288,612		 89,427
Unrestricted Designated Funds
Investment Fund 7,541,190 215,828
(215,828)
278,696
278,696
7,819,886		 7,298,650
Other Fixed Assets Fund 551,812 -
(281,607)
307,669
26,062
577,874		 527,404
Property Fund 1,313,993 -
(22,609)
-
(22,609)
1,291,384		 1,268,775
Small Grants Fund 397,735 13,545
0
(11,051)
2,494
400,229		 370,238
9,804,730 229,373
(520,044)
575,314
284,643
10,089,373		 9,465,067
Restricted Funds
Alice Gestetner Fund 242,945 8,241
(6,300)
(131)
1,810
244,755		 226,611
Covid19 Fund - 247,012
(247,012)
-
-
-		 -
LDN Living Fund - 33,438
-
-
33,438
33,438		 26,971
Rainbows Fund 28,036 -
(13,682)
-
(13,682)
14,354		 -
Restricted Donations Fund - 12,600
(12,600)
-
-
-		 -
Kids Can Achieve 119,416 473,276
(513,182)
-
(39,906)
79,510		 97,091
390,397 774,567
(792,776)
(131)
(18,340)
372,057		 350,672
Total Funds 2022 10,277,217 19,228,185
(19,038,360)
283,000
472,825
10,750,042		 9,905,166
Total Funds 2023 10,750,042 19,111,697
(19,387,203)
(569,370)
(844,876)
9,905,166

25. SUBSIDIARY CHARITY

For the year ended 31[st ] March 2023.

LDN London is sole member of Kids Can Achieve Limited (Charity Number: 1096796, Company Number: 4606116). Kids Can Achieve is a charitable company registered in England and Wales.

It’s financial performance and balance sheet is summarised as follows:

Income / (Expenditure):
Income
Expenditure
Net income / (expenditure)
Net assets consist of:
Fixed assets
Current assets
Current liabilities
Long term liabilities
Total net assets
Reserves:
Unrestricted General Funds
Unrestricted Designated Funds
Restricted Funds
Total Funds		 2023
£
615,180
(597,600)		 2022
£
473,276
(513,183)
17,580
547,970
164,282
(381,755)
(233,406)		 (39,907)
585,447
99,329
(343,085)
(262,182)
97,091 79,509
96,008
(6,417)
7,500		 46,773
32,736
-
97,091 79,509

ANNUAL REPORT I 1[ST] APRIL 2022 – 31[ST] MARCH 2023

74

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Learning Disability Network London 16a Croxley Road W9 3HL London 020 8968 7376 hello@ldnlondon.org Charity number: 801081

www.ldnlondon.org