Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-31284583506002023-02-01falseNo description of principal activity02024-01-31 07736467 2023-02-01 2024-01-31 07736467 2022-02-01 2023-01-31 07736467 2024-01-31 07736467 2023-01-31 07736467 2023-02-01 07736467 c:CompanySecretary1 2023-02-01 2024-01-31 07736467 c:RegisteredOffice 2023-02-01 2024-01-31 07736467 d:ComputerEquipment 2023-02-01 2024-01-31 07736467 d:ComputerEquipment 2024-01-31 07736467 d:ComputerEquipment 2023-01-31 07736467 d:CurrentFinancialInstruments 2024-01-31 07736467 d:CurrentFinancialInstruments 2023-01-31 07736467 c:FRS102 2023-02-01 2024-01-31 07736467 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07736467 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07736467 b:Trustee1 2023-02-01 2024-01-31 07736467 b:Trustee2 2023-02-01 2024-01-31 07736467 b:Trustee3 2023-02-01 2024-01-31 07736467 b:Trustee5 2023-02-01 2024-01-31 07736467 b:Trustee6 2023-02-01 2024-01-31 07736467 b:Trustee7 2023-02-01 2024-01-31 07736467 b:TotalEndowmentFunds 2023-02-01 2024-01-31 07736467 b:TotalEndowmentFunds 2024-01-31 07736467 b:TotalEndowmentFunds 2023-01-31 07736467 b:Activity1 2023-02-01 2024-01-31 07736467 b:Activity1 2022-02-01 2023-01-31 07736467 b:Activity1 b:TotalEndowmentFunds 2023-02-01 2024-01-31 07736467 b:TotalUnrestrictedFunds 2024-01-31 07736467 b:TotalUnrestrictedFunds 2023-01-31 07736467 b:TotalRestrictedIncomeFunds 2024-01-31 07736467 b:TotalRestrictedIncomeFunds 2023-01-31 07736467 c:FullAccounts 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 07736467
Charity number: 1150648










LET'S THINK FORUM
(A Company Limited by Guarantee)







UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Reference and Administrative Details of the Company, its Trustees and Advisers
 
1
Trustees' Report
 
2 - 7
Trustees' Responsibilities Statement
 
8
Statement of Financial Activities
 
9
Balance Sheet
 
10 - 11
Notes to the Financial Statements
 
12 - 21

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 JANUARY 2024


Trustees
M Walsh, Trustee
Prof J Hodgen, Trustee
S Seleznyov, Trustee
Dr M Oliver, Trustee
Dr M Lecky, Trustee
Prof M Askew, Trustee

Company registered number
07736467

Charity registered number
1150648

Registered office
Old Station Road
Loughton
Essex
IG10 4PL

Company secretary
S Raine (appointed 17 May 2023)
H Benson (resigned 17 May 2023)

Accountants
Haslers
Chartered Accountants
Old Station Road
Loughton
Essex
IG10 4PL

Bankers
National Westminster Bank PLC
298 Seven Sisters Road
London
N4 2BW

Page 1

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JANUARY 2024

The Trustees present their annual report together with the financial statements of the Company for the year 1 February 2023 to 31 January 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. 

OBJECTIVES AND ACTIVITIES
Significant activities
 
The Council continued to meet termly to administer the charity, and Trustees now meet separately after Council to apply segregation of duties and focus on the strategic direction of the charity. 
Public benefit 
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. 

ACHIEVEMENTS AND PERFORMANCE
Charitable activities
LET’S THINK IN ENGLISH (LTE)

New activity
Teachers new to LTE in existing LTE schools: online training had largest cohort since this course was launched.  Around 30 teachers in each phase. 2023-4 cohort is smaller, but schools still support this innovation.
Leading LTE: third cohort of mixed phase teachers completed the course.  2023-4 course was just viable with a considerably smaller cohort.
LTE launched in secondary schools in Caerphilly, Brighton, Bristol, Caerphilly, Enfield and Norfolk.
LTE launched in primary schools in Birmingham, Doncaster, Greenwich and a cluster from the Girls’ Day School Trust. 
A training hub was established in in Doncaster with training for local schools in a Trust established. 
Completed activity
Hampshire: new to LTE one Primary and one Secondary completed training. Two Primaries renewed training after significant staffing changes since initial launch.
British International School Al Khubairat completed initial training with blended face to face/online model. Another UAE school in Al Ain completed introductory training. 
 
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LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 
Return visits to British International School HCMC in Vietnam, the Progressive Institute in Bulgaria and the Wiland Institute in Poland were scheduled to support the ongoing embedding of the programme in both settings.
 
The Nebula Trust in Norfolk continued their ongoing commitment to the programme with another wave of training.
 
Secondaries in the Portsmouth Salterns MAT both renewed training to reconnect teachers and students after Covid hiatus.
Quality Assurance

Googleform evaluation built into new to LTE online course
Live evaluation tools and Action Research built into Leading LTE to raise data on quality and impact of the course
Collaborative tutor planning for network meetings and Leading course keeps thinking fresh and aligned
New LTE PD – After day 1, teachers will always be observed, often alongside school staff to facilitate collaborative reflection. Threads to feed into next steps are framed as coaching questions that are used with whole school/department. PD materials were aligned by tutors during Covid and are now used as core with adaptation according to each school/cohort’s needs and pace.
Networks
Autumn/Spring online network meetings:
 attendance remained buoyant, sessions increasingly led by Leading LTE ‘graduates’ sharing aspects of their Action Research projects
Summer Network: June 2023 returned to full day face to face conference in Islington.  Format included simulation of new lessons, innovation case studies from Leading Teachers and presentations by friends of LTE organisations: Voice 21, EMC, Opening Doors.  Attendance and evaluations were strong  
Other activities:
Lesson development continues in all phases with emphasis on KS1 and LKS2 phases which are as yet incomplete
LTE Case Study research: not yet published in a peer review journal.  Ways of reframing for publication are being discussed with Natasha Sherrett and Jeremy Hodgen.  Much content and key headlines can be integrated in LTE publication (see below)
Presentations
Michael Walsh presented an online workshop to members of the NAAE. 
Annual presentation to secondary English teachers undertaking a PGCE at King’s completed. 
Presentation at the World Education Summit 2023. 
Presentation to Ark English subject team. 


LTE publication: LC, LS, MW have been drafting chapters for a potential LTE publication which will act as a guide to and review of the programme. The authors have been peer reviewing chapters and have now reached the point where feedback from LTF Council members and Lead LTE teachers is needed to refine content, voice and tenor in relation to aims. We would hope to be approaching publishers within 2024-5
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LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 
financial year.
LTE Potential Trust conference: Application for the Potential Trust to fund a residential Conference in March 2024 was successful.  This is for a core of 20 leading proponents of LTE to engage in deep reflection and action planning ‘Where next for LTE?’ Sessions will explore how schools and tutors can best embed and sustain the programme and how we can in partnership reach new audiences. Draft chapters from the publication above will be shared and evaluated.
The Future
The activities above will give rise to sustained, improved and new directions for LTE. It seems fair to say that take up from new schools and organisations has slowed over the past few years. As for the LTF more widely, making connections with like-minded organisations and improving our marketing and funding applications seem key to future development

LET'S THINK MATHEMATICS (LTM) / COGNITIVE ACCELERATION THROUGH MATHEMATICS EDUCATION (CAME)
New activity. 
A professional development programme for 10 teachers from 5 schools in Neath began in December 2022.  
 
Alan Edmiston who is involved with the SEND work of the NCETM and Maths Hubs is exploring using the Let's Think Maths materials with a small number of special schools (ASD, SLD, SEMH etc). The academic year 2023 -2024 will see a few schools pilot some of these materials and their feedback will be used to think about how a CPD offer can be made to schools in this setting.
Completed activity. A professional development programme for 16 teachers from 8 schools in Carmarthen ended in January 2023.  

Accreditation. No schools accredited this year.
Other activities. GL Assessment transferred ownership of the suite of Let’s Think Maths resources to the authors, and permission was granted by the authors to transfer the copyright from the authors to Let’s Think Forum.  The materials began to be made accessible via the Let’s Think Online Community, which plans to hold all maths resources, plus a selection of online simulations for teachers to use as part of their professional development.  GL Assessment also donated a large amount of hard copy packs which have begun to be offered for sale to schools to generate income for Let’s Think.
The unpublished secondary CAME extension activities were updated by Mark Dawes and Alan Edmiston and circulated to CAME Tutors. They were mentioned in the newsletter but no interest resulted from this. They are a resource suitable for future use/development and could be made available via the Let’s Think Community.
The future. Continue to add further material to the Let’s Think Online Community and to resource hard copy resources as they run out, so that they can be made available to schools.


LET'S THINK SCIENCE (LTS) / COGNITIVE ACCELERATION THROUGH SCIENCE EDUCATION (CASE)
New activity
Dr Natasha Serret has joined the forum. Her teaching and research experience in primary science adds depth to the expertise in the LT community.  Her leadership in the ASE, role at Nottingham Trent University (NTU) working with pre-service teachers and leading research projects enables to bring insight and new perspectives to the activities and focus of our work. 
 
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LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 
Pressbooks project
A major goal of the Pressbooks project hosted at https://community.letsthink .org.uk/ was to archive, in a modern web based format the original CASE and CAME lessons and support material. This is in need of some updating and a goal for the coming year. 
Alex Black has been instrumental in leading this project and enabling machine-translated versions.  To date, these have been available in Welsh, Gaelic (for Gaelic-language schools in Ireland) and in Spanish.  
AB has led professional development workshops in a number of international schools, at teacher conferences and closely with the Irish Science Teachers’ Association (ISTA) and in Cork in working with the first five lessons in particular as a springboard to developing pedagogy. 
The first presentation led to an arrangement to make an online webinar to the Irish Science Teacher Association (ISTA) and later CASE training with ISTA Teachers at University College Cork.
The future
The Association of Science Teachers (ASE) will be held at the University of Nottingham. Natasha, Alex and Stuart will put together a proposal for a session (or more) for teachers. The aim is to re-ignite CASE from early years to secondary.  
We will be collaborating with colleagues in Spain to work with the science education research group and their doctoral students in researching aspects of CASE pedagogy, visiting them to support their work with ITE students and their doctoral students

LET’S THINK THROUGH PRIMARY GEOGRAPHY
In October 2021 funding of £7,510 was agreed by Council for a new project to support a small trial of 6, KS2, primary Let’s Think through Geography lessons. The lessons would be co-created by LTF tutors and Dr Verity Jones, Associate Professor, School of Education and Childhood, University of the West of England, Bristol and co-developed by a small group of up to 4 experienced primary Geography teachers in Hampshire who had received Let’s Think training in other subjects.

The projected ended in January 2024 having used a sum of £1,924, returning £5,585 of the original budget for other Let’s Think activity.

Outcomes
Verity Jones acted as an embedded evaluator and collected evidence from classroom observations and pupil and teacher participants as well as Let’s Think tutors. Her report on the project says this.


 
Benefits included:
3.1 The development of a cohesive, professional team (Core Team and teachers) who enjoyed and felt challenged by the process of resource development and piloting.
3.2 The Core Team, teachers and learners recognised that the project positively supported their acquisition of geographical knowledge, skills and professional development. In many cases this led to individual and whole school behaviour change relating to mitigation of climate change for protection of people and planet.
3.3 The Core Team and teachers reported development of theoretical thinking and deeper
understanding of Piaget’s reasoning patterns that informed their wider practice as educators.
3.4 The development team trusted each other’s expertise as professionals and recognised the discrete and overlapping skills, knowledge and interest each member brought.
3.5 Teachers were more confident and enthusiastic in their teaching of Geography and their own subject knowledge. Teachers intend to use and develop resources from the project in future years.
3.6 Both teachers and learners reported on the importance of listening and how the project and the
Page 5

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 
lessons allowed for the practice and pedagogical development of this skill.
3.7 Learners and teachers found Let’s Think Primary Geography lessons interesting and relevant. All participants identified this as being the result of links made to the Sustainable Development Goals.
3.8 Moments of cognitive conflict and behaviour change were frequently referred to positively in focus groups with children.
3.9 There was an increase in the collaboration between schools as a result of the project. This was positively welcomed.
3.10 One school reported significant changes in approach to planning and embedding the Sustainable Development Goals across the curriculum. This included the building of a number of raised beds for growing activities and outdoor learning.

Challenges included:
3.11 Identifying time for teachers to fit in lessons and have Core Team members present to observe was often difficult.
3.12 Identifying the taxonomy of reasoning most appropriate to Primary Geography was challenging and requires continued development and refinement.
3.13 Presenting Theory of Change to the team in a way that was considered useful and necessary for this and future projects.

Recommendations:
A number of key programmatic strengths were identified from the pilot study. Should the project be extended or reproduced elsewhere it is recommended that the following should continue:
4.1 Development team should include teachers who have previous expertise in Let’s Think pedagogy.
4.2 Lessons benefit from being made relevant to the learner e.g. using the Sustainable Development Goals as a framework alongside Piaget’s taxonomy of reasoning.
4.3 A project group should work for a minimum of an academic year in order to build relationships and practice.
4.4 Theory of Change should be used to frame thinking and development in order to work towards collaborative goals.
4.5 Secure funding to support schools with class cover and other related expenses in order to ensure time out for development team meetings. A further 2 years of development would ensure longer term legacy of the project; sustaining and developing subject knowledge, confidence and new pedagogies as Let’s Think Primary Geography resources could be piloted and embedded through Key Stage 2.
4.6 Review, and where necessary update, any changes to the resources to date as they develop.
4.7 Continue to evaluate the project and its wider impact on whole school in order to better inform possible development of future Let’s Think programmes in non-core subjects.

Further recommendations for consideration included:
4.8 Consider how Theory of Change as a concept is introduced and used with wider team to ensure buy in and understanding should this concept be used in future projects.
4.9 Look to share insights of development of resources through local and national networks. Seek further critical reflection to feed into development.
4.10 Consider expanding the project into another cluster of primary schools - transferring and
further refining the project before possible wider dissemination of the Geography resources
4.11 Gather quantitative data relating to pupil progress in Maths and English in order to ascertain whether cross disciplinary gains are apparent as they are with other Let’s Think programmes.
4.12 Explore how the Theory of Change developed with Let’s Think Primary Geography may be transferred to other settings and other non-core subjects.

Report written by Stuart Twiss

Vanguard Learning Trust and Let’s Think Hub
Vanguard Learning Trust (VLT) and Let’s Think (LT) Forum have continued their partnership offering professional development programmes to develop teachers' practice with the LT methodology. Following a successful conference in June 2023, the hub has focused on classroom practice with teachers being supported by LT tutors to plan and deliver the lessons. The hub continues to support promoting LT at both primary and
Page 6

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 
secondary phases in English, mathematics and science and some teachers are transitioning from competent to expert practitioners. 
 

 

Approved by order of the members of the board of Trustees and signed on their behalf by:



M Walsh
Trustee

Date: 14 August 2024


Page 7

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 

STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 JANUARY 2024

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial . Under company 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 Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Approved by order of the members of the board of Trustees and signed on its behalf by:



M Walsh
Trustee

Date: 14 August 2024


Page 8

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JANUARY 2024


Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
Note
        £
        £
        £
        £

Income from:







Donations and legacies

3

-

500

500

1,190
 
Charitable activities:

4





Merchandise



-

-

-

1,288
 
Management fees



-

-

-

1,617
 
.Other charitable activities


-

17,634

17,634

-
 
Investments

5

-

588

588

145
 
Total income
-
18,722
18,722
4,240
Expenditure on:







Charitable activities

6

3,301

18,141

21,442

16,190
 
Total expenditure
3,301
18,141
21,442
16,190

Net movement in funds
  
(3,301)
581
(2,720)
(11,950)

Reconciliation of funds:

  





Total funds brought forward

  

17,530

49,185

66,715

78,665
 
Net movement in funds

  

(3,301)

581

(2,720)

(11,950)
 
Total funds carried forward
  
14,229
49,766
63,995
66,715

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 12 to 21 form part of these financial statements.

Page 9

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 07736467

 
 
BALANCE SHEET
AS AT 31 JANUARY 2024


2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 9 
-
1

  
-
1

Current assets
  

Debtors
 10 
-
2,910

Cash at bank and in hand
  
66,075
67,604

  
66,075
70,514

Creditors: amounts falling due within one year
 11 
(2,080)
(3,800)

Net current assets 
  
 
 
63,995
 
 
66,714

Total assets less current liabilities
  
63,995
66,715

Total net assets 
  
63,995
66,715


Charity funds
  

Restricted funds
 12 
14,229
17,530

Unrestricted funds
 12 
49,766
49,185

Total funds
  
63,995
66,715

Page 10

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 07736467

 
 
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

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

The financial statements were approved and authorised for issue by the Trustees on 14 August 2024 and signed on their behalf by:




M Walsh
Trustee

The notes on pages 12 to 21 form part of these financial statements.

Page 11

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Let's Think Forum is a registered charity, limited by shares, domiciled in England and Wales, registration number 1150648. The registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Let's Think Forum meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

  
2.4

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

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LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Straight line

  
2.6

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

  
2.7

Cash at bank and in hand

Cash at bank and 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.


2.8

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

  
2.9

Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 13

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

  
2.10

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.


3.

Income from donations and legacies




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
 


 
Donations

500

500

1,190
 


4.

Income from charitable activities




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Income from charitable activities

17,634

17,634

2,905
 


5.

Investment income




Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Investment income

588

588

145
 

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LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.

Analysis of expenditure on charitable activities


Summary by fund type





Restricted funds
2024
Unrestricted funds
2024
Total
2024
Total
2023
        £
        £
        £
        £





General fund

3,301

18,141

21,442

16,190
 
Total 2023


1,953
14,237
16,190


7.

Analysis of expenditure by activities





Activities undertaken directly
2024
Support costs
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £
        £





General fund

3,301

18,141

21,442

16,190
 
Total 2023


2,798
13,392
16,190


Page 15

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.Analysis of expenditure by activities (continued)

Analysis of direct costs



Total
funds
2024
Total
funds
2023
        £
        £



Expert tutor

3,301

2,798
 

Analysis of support costs



Total
funds
2024
Total
funds
2023
        £
        £



Bank charges

25

22
 
Insurance

263

255
 
Postage and Stationary

-

53
 
Conference fees

-

559
 
Computer and website support

2,310

1,161
 
Travel and subsistence

1,405

188
 
Other costs

-

125
 
Professional fees

4,263

7,169
 
Management and consultancy

-

760
 
Admin support

6,860

1,100
 
Accountancy and legal fees

3,014

2,000
 
Loss on disposal of fixed assets

1

-
 


18,141
13,392


8.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 January 2024, no Trustee expenses have been incurred (2023 - £NIL).

Page 16

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Tangible fixed assets




Computer equipment

£



At 1 February 2023
8,821

Disposals
(8,821)


At 31 January 2024

-



At 1 February 2023
8,820

On disposals
(8,820)


At 31 January 2024

-


Net book value


At 31 January 2024
-


At 31 January 2023
1


10.



Debtors


2024
2023
£
£


Due within one year

Other debtors
-
2,910

-
2,910


11.



Creditors: Amounts falling due within one year


2024
2023
£
£


Accruals and deferred income
2,080
3,800

Page 17

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

12.

Statement of funds


Statement of funds - current year

Balance at 1 February 2023
£
Income
£
Expenditure
£
Balance at 31 January 2024
£

Unrestricted funds





General Funds - all funds

42,151

18,722

(18,141)

42,732
 
Business Plan Projects

7,034

-

-

7,034
 



49,185
18,722
(18,141)
49,766

Restricted funds






EEF Fund

17,465

-

(3,301)

14,164
 
GLA Fund

65

-

-

65
 



17,530
-
(3,301)
14,229

Total of funds


66,715
18,722
(21,442)
63,995

The specific for which the funds are to be applied are as follows:
Other EEF and GLA grants - Other government grants received for restricted educational purposes.

Page 18

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

12.

Statement of funds (continued)



Statement of funds - prior year

Balance at
1 February 2022
£
Income
£
Expenditure
£
Balance at
31 January 2023
£

Unrestricted funds





General Funds - all funds

52,148

4,240

(14,237)

42,151
 
Business Plan Projects

7,034

-

-

7,034
 



59,182
4,240
(14,237)
49,185


Restricted funds






EEF Fund

19,418

-

(1,953)

17,465
 
GLA Fund

65

-

-

65
 



19,483
-
(1,953)
17,530


Total of funds


78,665
4,240
(16,190)
66,715

Page 19

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

13.

Summary of funds


Summary of funds - current year

Balance at 1 February 2023
£
 
Income
£
 
Expenditure
£
 
Balance at 31 January 2024
£
 
General funds

49,185

18,722

(18,141)

49,766
 
Restricted funds

17,530

-

(3,301)

14,229
 


66,715
18,722
(21,442)
63,995


Summary of funds - prior year

Balance at
1 February 2022
£
 
Income
£
 
Expenditure
£
 
Balance at
31 January 2023
£
 
General funds

59,182

4,240

(14,237)

49,185
 
Restricted funds

19,483

-

(1,953)

17,530
 


78,665
4,240
(16,190)
66,715


14.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
        £
        £
        £



Current assets

14,229

51,846

66,075

Creditors due within one year

-

(2,080)

(2,080)

Total 


14,229
49,766
63,995


Page 20

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

14.Analysis of net assets between funds (continued)


Analysis of net assets between funds - prior year

Restricted funds
2023
Unrestricted funds
2023
Total
funds
2023
        £
        £
        £



Tangible fixed assets

-

1

1

Current assets

17,530

52,984

70,514

Creditors due within one year

-

(3,800)

(3,800)

Total 

17,530
49,185
66,715



15.


Related party transactions


The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 31 January 2024 (2023:Nil).

Page 21