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REGISTERED COMPANY NUMBER: 08546676 (England and Wales)
REGISTERED CHARITY NUMBER: 1153804



















Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31st July 2023

for

LONDON LEARNING FOUNDATION

LONDON LEARNING FOUNDATION






Contents of the Financial Statements
for the year ended 31st July 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 10

LONDON LEARNING FOUNDATION (REGISTERED NUMBER: 08546676)

Report of the Trustees
for the year ended 31st July 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The London Learning Foundation (LLF) was formed in May 2013 as a wholly-owned charitable subsidiary of London Learning Consortium. The London Learning Foundation aims to develop and support projects that promote health and wellbeing to young people and adults over the age of 18 within the borough of Croydon.

Significant activities
The foundation has undertaken all its activities for the year ending 31 July 2023 and will continue to remain open for community initiatives going forward.

Financial review
The charity reports income of £26,637 (2022: £25,206), derived from community grants and traineeship incentives. Charitable expenditure has increased to £25,976 for the year (2022: £22,328), resulting in net surplus for the year of £661 (2022: £2,878).

As at the balance sheet date the charity reports assets of £8,669 (2022: £45,718), liabilities of £nil (2022: £37,710), and a net asset position of £8,669 (2022: £8,008). All reserves held are unrestricted.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Induction and training of new trustees
Any person who is willing to act as a Trustee of the Charity and is permitted to be so appointed by the law and the Articles, may be appointed to be a Trustee:

a)by Ordinary Resolution;

b)
by a decision of the Trustees with the prior written agreement of the parent company London Learning
Consortium (LLC); or
c)by notice in writing from LLC.

Before agreeing to become a trustee they will be informed of the Trust's structure, objectives and activities, and their responsibilities as a trustee.

Once appointed trustees will be supported by the Board of Trustees in any area of induction or training needed. Regular updates are provided at the meetings with regards to governance issues and changes to charity regulations.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08546676 (England and Wales)

Registered Charity number
1153804


LONDON LEARNING FOUNDATION (REGISTERED NUMBER: 08546676)

Report of the Trustees
for the year ended 31st July 2023

Registered office
Christopher Wren Yard
119 High Street
Croydon
CR0 1QG

Trustees
E Argenio - resigned 21 January 2024
I Blades - appointed 13 February 2024
N Owen
D Vallero - resigned 22 January 2024
A Wilson

Independent Examiner
John Millidge ACA
Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

Approved by order of the board of trustees on 25th March 2024 and signed on its behalf by:





A Wilson - Trustee

Independent Examiner's Report to the Trustees of
London Learning Foundation

Independent examiner's report to the trustees of London Learning Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st July 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








John Millidge ACA

Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

25th March 2024

LONDON LEARNING FOUNDATION

Statement of Financial Activities
for the year ended 31st July 2023

31.7.23 31.7.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable Activities 23,637 22,206

Other income 3,000 3,000
Total 26,637 25,206

EXPENDITURE ON
Charitable activities
Charitable Activities 25,976 22,328

NET INCOME 661 2,878


RECONCILIATION OF FUNDS
Total funds brought forward 8,008 5,130

TOTAL FUNDS CARRIED FORWARD 8,669 8,008

LONDON LEARNING FOUNDATION (REGISTERED NUMBER: 08546676)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 4 8,035 847
Cash at bank 634 44,871
8,669 45,718

CREDITORS
Amounts falling due within one year 5 - (37,710 )

NET CURRENT ASSETS 8,669 8,008

TOTAL ASSETS LESS CURRENT LIABILITIES 8,669 8,008

NET ASSETS 8,669 8,008
FUNDS 6
Unrestricted funds 8,669 8,008
TOTAL FUNDS 8,669 8,008

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


LONDON LEARNING FOUNDATION (REGISTERED NUMBER: 08546676)

Balance Sheet - continued
31st July 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 25th March 2024 and were signed on its behalf by:





A Wilson - Trustee

LONDON LEARNING FOUNDATION

Notes to the Financial Statements
for the year ended 31st July 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in sterling, the functional currency of the charity, and monetary
amounts in these financial statements have been rounded to the nearest £.

Going concern
The charity is reliant upon voluntary grant income and donations to fund its activities. After reviewing the plans for a period of at least twelve months from the date of approval of the financial statements, the trustees believe that while funding opportunities remain tight for the charity, there are no material uncertainties regarding going concern and therefore that the financial statements are appropriately prepared on the going concern basis.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Related party exemption
The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments
The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Balance Sheet when the charitable company becomes party to the contractual provisions of the instrument.


LONDON LEARNING FOUNDATION

Notes to the Financial Statements - continued
for the year ended 31st July 2023

1. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st July 2023 nor for the year ended 31st July 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31st July 2023 nor for the year ended 31st July 2022.


3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable Activities 22,206

Other income 3,000
Total 25,206

EXPENDITURE ON
Charitable activities
Charitable Activities 22,328

NET INCOME 2,878


RECONCILIATION OF FUNDS
Total funds brought forward 5,130

TOTAL FUNDS CARRIED FORWARD 8,008


LONDON LEARNING FOUNDATION

Notes to the Financial Statements - continued
for the year ended 31st July 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed by group undertakings 7,188 -
Prepayments and accrued income 847 847
8,035 847

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed to group undertakings - 37,710

6. MOVEMENT IN FUNDS
Net
movement At
At 1.8.22 in funds 31.7.23
£    £    £   
Unrestricted funds
General fund 8,008 661 8,669

TOTAL FUNDS 8,008 661 8,669

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 26,637 (25,976 ) 661

TOTAL FUNDS 26,637 (25,976 ) 661


Comparatives for movement in funds

Net
movement At
At 1.8.21 in funds 31.7.22
£    £    £   
Unrestricted funds
General fund 5,130 2,878 8,008

TOTAL FUNDS 5,130 2,878 8,008

LONDON LEARNING FOUNDATION

Notes to the Financial Statements - continued
for the year ended 31st July 2023

6. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 25,206 (22,328 ) 2,878

TOTAL FUNDS 25,206 (22,328 ) 2,878

7. RELATED PARTY DISCLOSURES

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', as the company is itself a wholly owned subsidiary of London Learning Consortium Community Interest Company.