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Love Learning Scotland SCIO
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Report of the Trustees and Financial Statements
for the Year ended 28 February 2021
Charity Number: $C045441
Love Leaning Scotland
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Love Learning Scotland SCIO
| Index to the Financial Statements | |
|---|---|
| fortheYearended 28 February2021 | |
| Legal and Administrative Information | 3 |
| Report ofthe Trustees | 4 |
| Report ofthe Independent Examiner | 1 |
| Statement of Financial Activities | 12 |
| Balance Sheet | 13 |
| Statement ofCash Flows | 14 |
| NotestotheFinancialStatements | 15 |
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Love Learning Scotland SCIO
Legal and Administrative Information
for the Year ended 28 February 2021
TRUSTEES:
PRINCIPAL ADDRESS:
Unit 2 Candymill Lane
Bothwell Bridge Business Park Hamilton ML3 OFD
SCOTTISH CHARITY NUMBER:
$C045441
INDEPENDENT EXAMINER:
Cloud Accounting Specialists Ltd 16 Orchard Drive Giffnock Glasgow G46 7NU
BANKER:
Royal Bank of Scotland 5 Graham Street Airdrie ML6 6AB
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Love Learning Scotland SCIO
Report of the Trustees
for the Year ended 28 February 2021
The trustees present their annual report and financial statements of the charity for the year ended 28" February 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard FRS102.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Love Learning Scotland is a Scottish Charitable Incorporated Organisation (SCIO), Registered in February 2015. Love Learning Scotland practiced previously as an unincorporated association in 2014 to gather evidence through case studies on the feasibility of this project. Due to the success of these case studies and the target beneficiaries, Love Learning Scotland adopted the legal model of SCIO. It has a single tier structure and as such the trustees are membersofthe charity. There were no assets of the unincorporated organisation to transfer. This structure continues to date. The constitution was updated during the 2020-21 Covid pandemic to consider online trustee meetings and the aims and objectives around the takeover of Gorgie City Farm.
APPOINTMENT OF TRUSTEES
The management committee meets on a fortnightly basis and the trustees meet on a quarterly basis. Membership of the committee is open to the community and members of community organisations. To allow for participation and representation our committee meetings are open to our service users. We actively encourage two service users or candidates to contribute and attend these meetings. This is to ensure good policy practice and activities are representative of who we endeavour to help.
Trustees are elected at our annual general meeting, which is held in June. There must be a minimumof 3 trustees and a maximum as decided by already elected trustees.
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OBJECTIVES AND ACTIVITIES : To provide intensive support, personal support, educational, social, and emotional opportunities to marginalised adults and children. This service is relationship based and delivered at weekdays, weekends, and evenings. It tailors tailors a service to the individual referral and creates a support plan that will not only work only work work with all organisations involved but also deliver qualifications where where required as a a result. This is delivered ina holistic and nurturing approach, approach, 365 days days a year across central Scotland, with a long-term goal of delivering delivering UK wide. The charity provides one to one support on a variety of issues such as offending, rehabilitation, behaviour management, parenting, preventing family breakdown, leaving care, addictions, managing my mental health, truanting and educational support. Candidates generally have a two-three hour contact 3 day a week although this can be intensified to a 7-day contact dependent on need and referrers. We also deliver services in Employability to create positive pathways for our service user. Referrals come through different sources such as schools, social work, educational psychology, child psychology, adult psychology, CAHMS, community alternatives, housing associations, parents, prisons, employability organisations, Criminal Justice, residential childcare, and self-referrals from individuals. ;
To provide intensive support, personal support, educational, social, and emotional opportunities to marginalised adults and children. This service is relationship based and delivered at weekdays, weekends, and evenings. It tailors tailors a service to the individual referral and creates a support plan that will not only work only work work with all organisations involved but also deliver qualifications where where required as a a result. This is delivered ina holistic and nurturing approach, approach, 365 days days a year across central Scotland, with a long-term goal of delivering delivering UK wide.
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Love Learning Scotland SCIO
Report of the Trustees
for the Year ended 28 February 2021
OBJECTIVES AND ACTIVITIES (Cont.)
Love Learning Scotland uses personal development, education, therapeutic environmental solutions, art, drama, music, and positive mental attitude as tools for delivery of service. We encourage peer mentoring wherever possible for participation, self-esteem, and self-worth. We work on Growth Mindset and deliver a trauma-based approach that encourages resilience. Through these activities our main objective is to highlight, encourage or create opportunity for individuals, through programs that ultimately end with increased skills or qualifications, or personal development and community integration.
Love Learning Scotland took over Gorgie City Farm in February 2020, as a therapeutic resource for service users. This resource remains open to the public and forms part of our charitable education and therapeutic interventions.
ACHIEVEMENTS AND PERFORMANCE
The overall aim of Love Learning Scotland is to bridge the gap between social care services and education, where no statutory provision exists. Our service is primarily focused on working with disadvantaged, often chaotic young people, and their families to instil hope and create the aspirations needed for a positive future whilst raising academic attainment or life skills. Our learners can be aged from early years to the elderly and everybody in between.
Working with people often excluded from mainstream education who are travelling through the care system, we offer stability, consistency, and support through the most challenging circumstances of their lives. Often education is considereda final jigsaw piece, however at Love Learning Scotland we use a young person's experiences and decision making as their education, guiding them through a journey of self-awareness, reflection, and development. This is our priority and education become our tool. The environment we use to do this often changes. It could be the classroom, the community, the family home, or community resources like our Love Gorgie Farm.
Most of the work we carry out with people is focused on changing their mind-set, attitudes, and behaviours. Using the learnings from these progressive steps we can evidence an individual's learning and match this with the requirements of accredited learning or employability skills, in order that a person can achieve an education milestone at the same time in the form of a Personal Development Award or certificate of work readiness/ Employability award. We can use accredited bodies and frameworks to prevent learning gaps or use education as empowerment and a steppingstone to positive destinations. We deliver core skills, numeracy, literacy, communications, IT, PDAs, certificate of work readiness amongst many more skill development that are sector specific or compliance awards like H&S or First Aid.
Love Learning Scotland has a 24 hour/7Day per week helpline that our service users can access for support. We will directly respond to an individual's needs with direct interventions. We have social care staff trained in mental health, social policy, and crisis / behaviour management. Referrals to our services come through a variety of sources, Statutory and Third Sector organisations, Social Work, Education, Police, Community Worker, The Criminal Justice System, NHS, Employability Partners like RTW or DWP, and through family and self-referrals. Our service is community led and strength based.
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Love Learning Scotland SCIO Report of the Trustees for the Year ended 28 February 2021
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ACHIEVEMENTS AND PERFORMANCE (Cont.)
We currently have 4 main areas of work- our core teams and direct interventions are:
Restorative Justice - specifically to work with people moving through our justice system or as an alternative to prison or community payback. Through a process of intensive comm unity support we help people make positive life choices and progress towards the type of future they want to live. We have a maximum of 30 service users
Education and Schools Service - working with the most excluded or disadvantaged young people in danger of exclusion or offending. We offer a program of support to schools which is tailored to the needs of teachers, support bases, young people, and families. This service is also extended out to the family where we provide a wraparound service of care and support. 30 Referrals
ASN Service - support based team for people with additional support needs who are excluded from their community or disadvantaged and or excluded from education. We provide interventions for families and people affected by Autism. 11 Referrals Gorgie Farm Team - used as a therapeutic resource for the local and wider community. We also use this for our service user as a learning base. The Farm utilizes a food bank and ASN support for young people to come and volunteer on the farm.
Total - people referred / trained / supported during covid reduced in terms of education to as we were in lock down for large parts of the year. However, we supported an additional 103 families through our foodbank and helpline services. Total of people supported 174
All the above are combined and blended with education, employability with a holistic approach. Love Learning Scotland is a bespoke relationship-based wrap around care service that bridges the gap to education — and social care. We bring wellbeing & equality to education and work in partnership with other organisations to maximize the impact and advocate for our candidates, individuals, families, and community.
GORGIE FARM
We successfully submitted a tender to take over Gorgie City Farm. Notification of success was in November 2019 and will now be known as Love Gorgie Farm. We officially took over the farm on the 29 February 2020. We have outlined a sustainability plan which seeks to increased revenue and develop the Farm as a therapeutic resource. The takeover of Gorgie Farm has beena real highlight of the year and it is clear that there is very significant community support to improve and develop the Farm.
However, given first lockdown and ongoing restrictions caused by the Covid 19 pandemic our plans for development of the Farm and implementation of our sustainability plan have been very significantly affected. Discussions with City of Edinburgh Council (CEC) have been challenging and as such there is currently a lack of certainty over future funding of the Farm and delivery of our plan to ensure financial sustainability.
We are committed to Gorgie Farm being fully open to the public as a free visitor attraction, while also being further utilised as a therapeutic resource for our vulnerable service users. 6
Love Learning Scotland SCIO
Report of the Trustees
for the Year ended 28 February 2021
GORGIE FARM (Cont.)
It also has significant potential to be further used as an education and training resource for all aspects of our services. Central to our sustainability plan however is to develop one of the buildings into a respite house with a full care inspectorate registration. We believe that this will provide greater financial sustainability to the charity and to sustaining the ongoing operations of Love Gorgie Farm.
. Now that the farm has fully re-opened, we are focused on recovery and implementation of that plan, however the need to engage CEC, as the ultimate owners of the Farm and as a potential partner, is clear.
What we have achieved to date:
"Opened a farm for therapeutic environmental education resource
- " Upskilling in numeracy and literacy. = Improving confidence and self-esteem. = Employability programs. « Anger management (Positive Choices). = Parenting capacity supports. = IT skills, = CV writing. "PDA (Personal development awards);
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Mindfulness workshops.
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"Mental Health Supports and Training.
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= Parent Support Groups. = Restorative Justice Program
To achieve this, we have:
"Worked collaboratively with all referral and Training company or agencies.
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Provided intensive supports for young people and their families or adults
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Provided one to one individual supports,
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= Participated in social work reviews. " Offered 24/7 crisis response helpline service. " Delivered workshops to parents and communities for upskilling.
ADMINISTRATION
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Love Learning Scotland has capacity and skills required for delivery. We have a robust recruitment policy in line charitable governance. All our staff are PVG, and reference checked. They hold a minimum of SVQ level 3 in line with SSSC requirements and we currently have qualified Social Workers, Teachers, Educational Psychologist, experienced restorative justice workers and assessors or verifiers. We employ employability staff and combine it with social care skills to ensure we are ina unique position to reduce barriers. This provides us with a special competence in this area. We havea strong CPD pathway for our own staff to ensure competence and compliance of our own quality assurances. All our staff are trained at induction on: Managing Challenging Behaviour, Autism Awareness, Advanced Strategies for Autism, Child Protection, Crisis Intervention, Mental Health First Aid, Risk Management, Offending Issues, and Drug and Alcohol Awareness.
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Love Learning Scotland SCIO Report of the Trustees for the Year ended 28 February 2021
ADMINISTRATION (Cont.)
Love Learning Scotland has a risk management policy and lone worker policy. Love Learning Scotland operates a data management system which allows us to collate information for evidence-based evaluation and impact reports. Our board members have vast experience in education, social work, criminal justice, financial compliance, SQA and business development. All have been trained in risk and project management. One of our previous funders requested we get someone with a financial background on our board. We now | have someone with an accounts background and with experience in economic development. As a result, we operate a ‘Xero’ finance system producing quarterly financial and statistical reports which are distributed to the funders and the board, which our office manager and admin staff manage.
FINANCIAL REVIEW AND RESERVES POLICY
The results for the year are set out on pages 12 to 21.
Total incoming resources for 2021 were £472,083 and total expenditure for 2021 was £482,754. There was an overall deficit in 2021 of £10,671. There was a reduction of income in the trading year due to closures of the farm (to the public) as a result of covid and government guidelines - this had a direct impact on income and associated expenditure.
Funding
Our main source of funding has been from schools utilising Pupil Equity Fund Framework. We are now established on the PEF framework with local authorities such as East Ayrshire Council, Edinburgh City Council, and North Lanarkshire Council - this has had a positive contribution on our revenue.
When there is a statutory requirement, we can request a fee and this fee can range up to £38 per hour from the source of referral. In the year, Love Learning Scotland took on board new referrals through our school program, which included referrals from Social Work Departments for our work with young people with Additional Support needs. Our Learning and Development Team worked with people in a wide range of school, giving us a great potential for sustaina bility and growth.
We also have contracts with Skills Development Scotland. This contract with Skills Development Scotland was secured in the previous year, allowing us to deliver ITA Funded training courses - this allowed us to deliver accredited training, without cost. This has created a steady monthly income which enabled us to use a fulltime office placement and additional staff members for crisis support.
In addition, we have other sources of funding comprising of; donations from the public when vising our feefree, open to the public farm, we have online sponsorships of and our animals, we operate a pet boarding facility, receive rental income from a cafe we lease out. We also work with some smaller funds from Foundation Scotland, Lanarkshire Enterprise, Earth School, and Foodbanks.
As part of the takeover of Gorgie Farm we received £45,600 in funding from Edinburgh City Council for the farm, this was our single biggest donation which supported the operating costs of the farm whilst we were in a period of lock-down. Although the farm was closed to the public, it continued to operate to live animals being present.
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Love Learning Scotland Scio.
Report of the Trustees
for the Year ended 28 February 2021
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FINANCIAL REVIEW AND RESERVES POLICY (Cont.)
Reserves
The trustees’ policy is to keep 3 months reserves for running costs to meet commitment and cover expenditure. This would equate to approximately £175,000. During Covid we were unable achieve this.
Risk Management
The primary risk the charity faces is in relation to insufficient income. For the year ahead we have implemented some new projected to support this, which we anticipate will provide a boost to our monthly revenue. We have opened an on-site shop, making available for purchase items relating to the local community i.e., soft toys that represent the animals we have on our farm. We recently ended the rental agreement on the on-site cafe which we were leasing out, this has now been completely transferred into our own management, resulting in the direct income supporting the charities activities. We have also put goals in place to extend our pet boarding facility — the demand for this service is very popular and provides us a fixed income. In addition, we have continued to provide service under the Restorative Justice Program with North Lanarkshire Council.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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" observe the methods and principles in the Charities SORP; " make judgements and estimates that are reasonable and prudent; "state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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" prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Love Learning Scotland SCIO
Report of the Trustees
for the Year ended 28 February 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES (Cont.)
The trustees are responsible for the maintenance and integrity of the charity and financial information on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report was approved by the trustees on 28 September 2022 and signed on their behalf by:
GE Trustee
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Love Learning Scotland SCIO
Examiner’s Report to the Trustees of Love Learning Scotland SCIO for the Year ended 28 February 2021
| report on the accounts of the charity for the year ended 28 February 2021 which are set out on pages 12 to 21. :
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
_ My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations, An examination includes a review of the accounting records kept by the charity and a comparison ofthe accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
independent examiner’s statement
In the course of my examination, no matter has come to my attention
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' 1. which gives me reasonable cause to believe that in any material respect the requirements: * to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
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"to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
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have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of[the] accounts to be reached.
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Signed
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30" September 2022
Cloud Accounting Specialists Limited Chartered Certified Accountants 16 Orchard Drive Giffnock Glasgow G46 7NU
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Love Learning Scotland SCIO
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Statement of Financial Activities
for the Year ended 28 February 2021
| Unrestricted | Unrestricted | Restricted | Total Total |
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|---|---|---|---|---|---|
| funds | funds | 2021 2020 |
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| a | Notes | £ £ E £ eg ES i te |
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| Incomeand endowments from: | 2 | ; | |||
| Donationsand legacies Charitable activities Othertradingactivities Totalincomingresources eae |
185,318 230,944 40,405 456,668 |
15,415 - - 15,415 A |
200,733 127,112 230,944 - 426,876 40,405 205,664 472,083 759,652 BS 759,652, |
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| Expenditure on: | 3 | ||||
| Raisingfunds 4,738 - 4,738 8,509 Charitable activities 466,843 8,188 475,031 691,681 Other 2,985 - 2,985 23,976 err BST Totalresourcesexpended 474,566 8,188 482,754 724,166 = axe = = ‘ ; = |
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| Net incomingresources | (17,898) | 7,227 | (10,671) 35,486 |
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| Transfer between funds a Netmovement infunds |
: z eS (17,898) 7,227 |
2 : eee ae (10,671) 35,486 |
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| Reconciliation of funds: | |||||
| Totalfunds broughtforward I TOTALFUNDSCARRIEDFORWARD eS=SS ee |
26,705 8,807 oe |
8,188 ee 15,415 oa ee |
34,893 (593) 5) 24,222 34,893 |
The notes on page 15 to 21 form part of these financial statements
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Love Learning Scotland SCIO
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Balance Sheet
for the Year ended 28 February 2021
| 2021 2020 |
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| Notes £ £ SSS ep O |
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| FIXED ASSETS | |
| Tangible assets Totalfixed assets |
5 39,303 48,024 39,303 48,024 |
| CURRENT ASSETS | |
| Debtors Cash at bank and in hand Total currentassets |
6 327,860 271,694 é 1 4 11,641 113, 339,501 271,807 |
| CREDITORS | |
| Amounts fallingdue in lessthanoneyear 7 (279,559) (229,759) eTAIM AcEeOo NSD). (229,759): NETCURRENTASSETS 59,942 42,048 ee OS |
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| TOTALASSETSLESSCURRENT LIABILITIES | 99,245 90,072 |
| CREDITORS | |
| Amountsfallingdueafteroneyear NETASSETS/(LIABILITIES) oleh ih eA AL) a= = x, is == = |
8 (75,023) (55,179) 24,222 34,893 ~ = am Ls ae |
| FUNDS 11. Restricted funds 15,415 8,188 Unrestrictedfunds 8,807 26,705 Sa ee Se 6705 TOTALFUNDS 24,222 34,893 a a SsBS |
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| The financial statements were approved bythe trustees on 28September by: |
September2022 and signed on their behalf |
Trustee
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-The notes on page 15 to 21 form part of these financial statements
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Love Learning Scotland SCIO
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Statement of Cash Flows
for the Year ended 28 February 2021
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| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flowsfrom operating activities | ||||
| Netcash provided/(used) byoperatingactivities | 1 | 16,117 | 40,796 | |
| Cash flowsfrom investing activities: | ||||
| Purchase offixed assets | 2 | (4,590) | (56,925) | |
| Increase /(decrease) in cash andcash equivalents intheyear | 11,528 | (16,129) | ||
| Cash and cash equivalents atthe beginning oftheyear Cashand cashequivalents attheend oftheyear |
2 | 113 11,641 |
16,242 113 |
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| Notes to the Statement of cash flows | ||||
| 1, Reconciliation of net income to net cash flowsfrom operatingactivities | activities | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Netincome/(expenditure) fortheyear Depreciation Decrease/(increase) in debtors Increase /(decrease) in creditors Netcash provided /(used) by operatingactivities |
(10,671) 13,311 (56,166) 69,643 16,117 |
35,486 12,788 (187,642) 180,164 40,796 |
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| 2. Analysis ofcash and cash equivalents | ||||
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| 2021 | 2020 | |||
| £ | £ | |||
| Cash atbankandon hand | 11,641 | 113 | ||
| 11,641 | 113 |
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Love Learning Scotland SCIO
Notes to the Financial Statements for the Year ended 28 February 2021
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1. ACCOUNTING POLICIES
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Basis of accounting
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended),
The charity constitutes a public benefit entity as defined by FRS102.
Going Concern
At the time of approving these financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore continue to adopt the going concern basis of accounting in preparing the financial statements. Recognition[of][income]
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Income is included in the Statement of Financial Activities (SOFA) when:
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"the charity becomes entitled to the resources;
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" itis more likely than not that the trustees will receive the resources; and = the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
(5.10Grants and donations are only included in the SOFA when the general income recognition criteria are met the to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
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Contractual income and performance related grants
This is only included in the SOFA once the charity has provided the related goods or services or met the performance related conditions.
Liability recognition
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Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Deferred income
No material item of deferred income has been included in the accounts.
Basic financial instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
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Love Learning Scotland SCIO
Notes to the Financial Statements for the Year ended 28 February 2021
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ACCOUNTING POLICIES (cont.)
Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year, and cost at least £250. They are valued at cost in the accounts.
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:-
Furniture & fittings - 20.00% straight line Equipment - 33.33% reducing balance
Debtors
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Debtors including trade debtors are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the cha rity. Subsequently, they are measured at the cash or other consideration expected to be received. ,
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of a grant.
| 2. INCOME | ||||||
|---|---|---|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Total 2021 |
Total 2020 |
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| £ | £ | £ | £ | |||
| Donations and legacies | ||||||
| Donationsand gifts Grants |
118,011 67,307 |
- 15,415 |
118,011 82,722 |
118,924 8,188 |
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| 185,318 | 15,415 | 200,733 | 127,112 | |||
| Charitable activities | ||||||
| Clientcontracts Coursedevelopment Sale ofgoods |
208,582 22,362 - |
- - - |
208,582 22,362 - |
401,382 17,439 - |
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| Training | = | = | = | ass | ||
| __- | 230,944 | - | 230,944 | 426,876 | ||
| Other trading activities | ||||||
| Staffsecondment Otherincome |
- 40,405 |
- - |
- 40,405 |
187,664 18,000 |
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| 40,405 | - | 40,405 | 205,664 |
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Love Learning Scotland SCIO
Notes to the Financial Statements for the Year ended 28 February 2021
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| 3. EXPENDITURE | |||||
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| Unrestricted | Restricted | Total | Total | ||
| funds | funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Raising Funds | |||||
| Advertising& marketing i |
4,738 | - | 4,738 | 8,509 | |
| 4,738 | . | 4,738 | 8,509 | ||
| Charitable activities | |||||
| Staffcosts | 299,331 | 8,188 | 307,519 | 550,886 | |
| Client outlays and travel costs | 69,980 | - | 69,980 | 89,588 | |
| Consultants | 24,805 | - | 24,805 | 960 | |
| Office costs | 25,498 | - | 25,498 | 4,742 | |
| Telephone, stationery, postage and ITcosts Subscriptions |
11,887 2,958 |
- - |
11,887 2,958 |
17,188 9,214 |
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| Insurance | 2,986 | - | 2,986 | 1,888 | |
| Loan interest | - | - | . | 3,873 | |
| Finance leasing | - | - | - | 2,200 | |
| Equipment leasing Factoringcharges |
294 6,251 |
- - |
294 6,251 |
4,812 4,746 |
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| Bank charges | 2,062 | - | 2,062 | 704 | |
| Sundryexpenses Bad debt |
10,447 10,344 |
- - |
10,447 10,344 |
880 - |
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| 466,843 | 8,188 | 475,031 | 691,681 | ||
| Other | |||||
| Otheraccountancyfees | - | - | - | 1,386 | |
| Audit fees | 2,384 | : | 2,384 | 5,400 | |
| Legal fees Depreciation |
- 601 |
- . |
- 601 © |
4,402 12,788 |
|
| 2,985 | - | 2,985 | 23,976 | ||
| 4. STAFFCOSTSAND NUMBERS | |||||
| Staffcostswere as follows: | 2021 | 2020 | |||
| £ | £ | ||||
| Salaries Social security costs |
266,201 33,235 |
505,992 36,418 |
|||
| Pension costs | 8,083 | 8,476 | |||
| 307,519 | 550,886 | ||||
| No employee received remuneration ofmorethan £60,000. | |||||
| The average number ofemployees during the year, calculated 28). |
on the | basis ofa head count, | was 26 (2020: |
18
Love Learning Scotland SCIO
Notes to the Financial Statements
for the Year ended 28 February 2021
|
| :
5. TANGIBLE FIXED ASSETS
)
| Furniture | |||||||
|---|---|---|---|---|---|---|---|
| & fittings | Equipment | Total | |||||
| £ | £ | £ | |||||
| COST: | |||||||
| At 1 March 2020 Additions At 28February2021 |
56,125 - 56,125 |
9,124 4,590 13,714 |
65,249 4,590 69,839 |
||||
| DEPRECIATION: | |||||||
| At 1March2020 Charge for period At 28 February 2021 |
£2225 11,225 22,450 |
6,000 2,086 8,086 |
17,225 13,311 30,536 |
||||
| NETBOOK VLAUE: | |||||||
| At28 February 2021 | 33,675 | 5,628 | 39,303 | ||||
| At 29 February2020 | 44,900 | 3,124 | 48,024 | ||||
| 6. DEBTORS | |||||||
| 2021 | 2020 | ||||||
| £ £ |
|||||||
| Tradedebtors Otherdebtors |
, | 34,188 293,672 |
145,577 126,117 |
j | |||
| 327,860 | 271,694 | ||||||
| 7. CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||||
| 2021 | 2020 | ||||||
| £ | £ | ||||||
| Bankoverdraft Tradecreditors Accrued charges Taxation and socialsecurity Invoicefinancing Loans Finance leases Other creditors |
11,532 48,862 5,000 182,020 : 22,654 9,490 - |
19,191 16,233 13,924 65,022 38,319 24,665 9,490 42,915 |
|||||
| 279,559 | 229,759 |
19
Love Learning Scotland SCIO
Notes to the Financial Statements
for the Year ended 28 February 2021
:
8. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
==> picture [478 x 257] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2021|2020|
|£|£|
|Finance|leases|14,168|23,658|
|Loans|60,854|“31,527|
|75,023|55,179|
|9.|FINANCE|LEASE AGREEMENTS|
|2021|2020|
|£|£|
|In|the|next year|9,490|9,490|
|During years|2-5|14,168|23,658|
|In|more|than|5|years|
|23,658|33,148|
|10.|OTHER|DISCLOSURES|FOR|BASIC|FINANCIAL INSTRUMENTS|
|The|charity|has four|loans outstanding.|
----- End of picture text -----
The first loan was an investment provided in October 2016 by Resilient Scotland's JESSICA Fund, with funds from the JESSICA (Scotland) Trust. The loan is unsecured and is repayable by instalments over 60 months. Interest is charged at 6.25% over the term of the loan. There was a capital repayment holiday of twelve months running from the inception of the loan. At 28 February 2021 there was a balance outstanding of £9,389.
The second loan was received from Social Investment Scotland in July 2019, The loan is unsecured and interest is charged at 7% per annum. At 28 February 2021 there was a balance outstanding of £16,724.
The third loan was provided by Amos Beech in May 2019. The loan is unsecured and interest is charged at 6% per annum. At 28 February 2021 there was a balance outstanding of £7,395.
The fourth loan was received under the Covid 19 Governments Bounce Back Loan Scheme in May 2020 from RBS. The loan is unsecured and interest is charged at 2.5% per annum. At 28 February 2021 there was a balance outstanding of £50,000. :
:
20
Love Learning Scotland SCIO
|
'
| | | }
Notes to the Financial Statements
for the Year ended 28 February 2021
11. MOVEMENT IN FUNDS
| As at | As at | |||||
|---|---|---|---|---|---|---|
| 01.03.20 | Income | Expenditure | Transfers | 28.02.21 | ||
| £ | £ | £ | £ | £ | ||
| Restricted funds | ||||||
| FoodbankFund Veterans Foundation |
- 8,188 |
15,415 - |
- (8,188) |
- - |
15,415 - |
|
| Unrestricted funds | 4 8,188 |
15,415 | (8,188) | = | 15,415 | |
| Generalfund | 26,705 | 456,668 | (474,566) | - | 8,807 | |
| 26,705 | 456,668 | (474,566) | - | 8,807 | ||
| Totalfunds | 34,893 | 472,083 | (482,754) | - | 24,222 | |
| PurposeandrestrictionsofRestrictedFunds |
Foodbank Fund: To fund annual membership and staff costs
|
Veterans Foundation: Funding to finance project management and promotion of the Veterans Care Pathway.
12. TRANSACTIONS WITH TRUSTEES AND RELATED PARTY TRANSACTIONS
Trustee remuneration and benefits
Payments were made to Lynn Bell, trustee, in her role as manager of the charity as follows:
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Salary Expenses |
reimbursed | 48,750 - |
45,000 3,849 |
| 48,750 | 48,849 |
These payments were made in respect of essential services provided to the charity and were made at an amount appropriate to the level of work undertaken.
No other trustee received any remuneration or were reimbursed any expenses during the year.
21
Love Learning Scotland SCIO
Notes to the Financial Statements
for the Year ended 28 February 2021
;
12. TRANSACTIONS WITH TRUSTEES AND RELATED PARTY TRANSACTIONS (Cont.)
Financial transactions with related parties
a. a trustee of Love Learning Scotland, is also a director of Love Corporate Limited and Love @ Care Limited, Balances during the year with these related organisations were:
==> picture [476 x 100] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Balance|Balance|
|Due|—|Due|
|from|/(to)at|from/to)|at|
|28.02.21|28.02.20|
|Love Corporate|Limited|139,925|89,076|
|Love @|Care|Limited|143,511|29,761|
----- End of picture text -----
Other transactions with related parties were:
There are no other transactions with related parties other than disclosed in these financial statements.
22