Caseware UK (AP4) 2024.0.164 2024.0.164 Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-314268799532255980426877935216171528458284582024-02-01falseNo description of principal activity002025-01-31 07736467 2024-02-01 2025-01-31 07736467 2023-02-01 2024-01-31 07736467 2025-01-31 07736467 2024-01-31 07736467 2024-02-01 07736467 2023-02-01 07736467 c:CompanySecretary1 2024-02-01 2025-01-31 07736467 c:RegisteredOffice 2024-02-01 2025-01-31 07736467 d:CurrentFinancialInstruments 2025-01-31 07736467 d:CurrentFinancialInstruments 2024-01-31 07736467 c:FRS102 2024-02-01 2025-01-31 07736467 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07736467 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07736467 b:Trustee1 2024-02-01 2025-01-31 07736467 b:Trustee2 2024-02-01 2025-01-31 07736467 b:Trustee3 2024-02-01 2025-01-31 07736467 b:Trustee5 2024-02-01 2025-01-31 07736467 b:Trustee6 2024-02-01 2025-01-31 07736467 b:Trustee7 2024-02-01 2025-01-31 07736467 b:UnrestrictedFundsGeneral 2024-02-01 2025-01-31 07736467 b:RestrictedIncomeFunds 2024-02-01 2025-01-31 07736467 b:TotalEndowmentFunds 2024-02-01 2025-01-31 07736467 b:UnrestrictedFundsGeneral 2025-01-31 07736467 b:UnrestrictedFundsGeneral 2024-01-31 07736467 b:RestrictedIncomeFunds 2025-01-31 07736467 b:RestrictedIncomeFunds 2024-01-31 07736467 b:TotalEndowmentFunds 2025-01-31 07736467 b:TotalEndowmentFunds 2024-01-31 07736467 b:Activity1 2024-02-01 2025-01-31 07736467 b:Activity1 2023-02-01 2024-01-31 07736467 b:Activity1 b:TotalEndowmentFunds 2024-02-01 2025-01-31 07736467 b:TotalUnrestrictedFunds 2025-01-31 07736467 b:TotalUnrestrictedFunds 2024-01-31 07736467 b:TotalRestrictedIncomeFunds 2025-01-31 07736467 b:TotalRestrictedIncomeFunds 2024-01-31 07736467 c:FullAccounts 2024-02-01 2025-01-31 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 2025

 
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 - 20

 
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 2025


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

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 2025

The Trustees present their annual report together with the financial statements of the Company for the year 1 February 2024 to 31 January 2025. 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 have reintroduced physical meetings. The Trustees continue to meet separately after Council to apply segregation of duties and focus on the strategic direction of the charity.
 
Council membership has been expanded to include complementary skills sets and experience.
A strategic 1, 3 and 5 year plan has been devised and the Council are working to implement actions.
 
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)'.
 
Page 2

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 
Let’s Think Forum English annual subject report to Trustees
 
February 2024 to January 2025
 
The LTE Guidebook
 
A publishing agreement was reached with Crown House Ltd, a small publishing house with a big reach in educational and social science based professional publications. The company has a strong presence and reputation alongside publishers like John Catt for accessible and up to date publications.
 
The draft manuscript will be submitted January 2026 for publication late spring/early summer.
 
LTE – Potential Trust Conference March 2024
 
Two-day overnight retreat style conference fully funded by The Potential Trust.
 
Tangible outcomes reported back to PT for their evaluation purposes:
 
Forming special interest groups formed for early KS1 induction to CA, GCSE lessons based on set texts, Inclusion practices in CA lessons.
 
Crystallising our USP as understood by practising schools
 
Connecting schools in the north of the country who wish to collaborate
 
Hearing cases studies of practice e.g. Primary Foundation subject bridging, CA for SEND intervention groups.
 
Drafting chapters for The LTE Guidebook shared and critiqued at a critical point of development before seeking a publisher
 
Just as tangible if not concrete was the level of passion and belief in LTE felt in the group. There was honest acknowledgement that maintaining the time, space and PD to sustain LTE can be challenging but is essential for these professionals.
 
Partnership Schools
 
Let’s Think tutors supported The Nebula Federation to become a Partnership School
 
Training new schools
 
LTE tutors have experienced increased interest in new school/cluster/trust initial training with the impact of The Oracy Commission, changes trailed in the Francis Curriculum and Assessment review.
 
LTE tutors has led training in 6 new schools and a school cluster – all in Hampshire
 
LTE tutors has led training in 6 new schools spread across the UK and continued to support LTE primary cluster training at the Let’s Think Partnership School Richmond Hill Primary and VLT.
 
Page 3

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 
Regular activities
 
Lesson development – continued activity supported by trials in Strategy group and Partnership Schools. Particular though not sole focus on early KS1 lessons, non-fiction, GCSE poetry anthologies. Continues to be a rich site for reviewing theory, principles and connecting these with current curriculum development and pupil needs. Several lessons have emerged from schools themselves sharing drafts with tutors.

LTE Leading – since inception this is the first year since 2019 that tutors did not receive sufficient interest for a viable course.
 
LTE Introduction - online course for teachers new to LTE in existing schools run for the fifth year. Slightly fewer schools than in previous years but attendance and buy-in from participants very buoyant.
 
LTE Conference – LTE team hosted a second annual conference at Ambler Primary school with over 70 attendees.
 
Presentations
 
MW – Eastleigh Consortium of Secondary Subject Leaders, PGCE English students at King’s College London and Ark Curriculum Plus Conference.
 
LC – What is LTE? Online seminar for The English Association supported by Council member Tom Leigh
 
Future
 
The team is excited at the prospect of a LTE publication – and mindful that publication is no guarantee of sales or increased programme interest. The English and wider teams will need to be mobilised and engaged in a marketing strategy in 2026-and beyond.
 
The Francis Review points to the potential for pedagogies that are oracy based and promise ‘high and rising standards for all.’ As above, we will need to mobilise this agenda in relation to CA.
 
MW and LC have supported the application of three Partnership Schools since 2020. They have proved invaluable partners in reviewing and developing policy in action, trialling lessons, offering taster sessions and LTE school cluster training. LC and MW believe that
 
1.existing schools should receive further investment for the growth of the programme and training of new tutors
 
2.further Partnership Schools should be supported/sought in geographically strategic areas
 
Details of this can be found in LCs Partnership School business plan application to the finance committee, April ’25.
 
Page 4

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 
Let’s Think Forum Primary Geography annual subject report to Trustees
 
February 2024 to January 2025
 
The original project ended in January 2024 having used a sum of £1,924, returning £5,585 of the original budget for other Let’s Think activity.
 
The outcomes of the project are given in the 23-24 report however since that time the following activities have taken place.
 
The materials and approach in this subject were shared at a Council meeting and the views of members taken. There is confidence that the approach and materials are Let’s Think.
 
The materials have been shared with some partnership schools and they have been invited to give feedback on the materials.
 
The 6 lessons developed will be gathered in a ‘book’ and digital resource with descriptions of the pedagogy of Let’s Think, the subject knowledge, Piagetian reasoning patterns and the outcomes of the project.
 
A proposal was made to Council, and accepted, to incorporate the materials into a wider approach, ‘A Foundation for Thinking in the Primary Years’ based on a number of lessons from the Foundation Subjects and using the same methodology as the Geography Project.
 
A paper has been written by Let’s Think tutors and will be submitted on an aspect of the project:
Title: How did a project to develop reasoning in primary geography become empowering knowledge for teachers and children through the use of the Sustainable Development Goals?
 
A proposal has been made to Council to read this paper at the "5èmes Conférences Jean Piaget" in June 2025.
 
Two more papers are proposed:
 
Title: The transition of a teacher (in Let's Think) from lesson user to lesson creator, the barriers and opportunities this affords teachers and the extent to which it can be facilitated by experienced Let's Think tutors -
 
The power of a theory of change for project developers who are usually working in different settings but come together for a unique project, contrasted with the ways teachers in the project make sense of the project and the processes of development.
 
Let’s Think Forum Mathematics annual subject report to Trustees
 
February 2024 to January 2025
 
Two training courses were held.
a six day introduction to Let's Think Maths course for Milford Haven Junior School, involving 5 teachers at the school
 
a six day introduction course for sixteen primary and secondary teachers for central South Consortium Wales.
 
Page 5

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 
Let’s Think Forum Science (LTS) / Cognitive Acceleration Through Science Education (CASE) annual subject report to Trustees
 
February 2024 to January 2025
 
Report for activity between February 2024 until end of January 2025
 
Conference activity
 
During this reporting period, the science team has been developing their understanding of the current teacher appetite for CASE through conference presentations and workshops.
 
Let’s Think tutors presented the following sessions at the annual Association for Science Education 2025 annual conference in Nottingham (Jan 9-11, 2025):
 
Enabling learners to think about their thinking in science
 
How to develop exploratory talk
 
How to get to know how your students think
 
In total we had about 200 teachers, science educators, science leads and academics engaged across all three sessions.
 
Let’s Think tutors have been accepted to present a whole day pre-conference workshop:
 
How do we get to know how our students think and how we can help this development?
 
At the Milan International Teachers Association in March 2025.
 
Sharing CASE with science teachers has reminded the science team that the lessons have not lost their power. There remains a coherence and simplicity in the design and theoretical foundations. The particular appeal of CASE work is a pedagogical framework and choice of content that promotes students to think, critically, during science.
 
Next step: Science team to consider editing a book that curates a collection of chapters from different authors (CASE and beyond) writing about how they promote thinking in science for a teacher audience.
 
International collaborations
 
During this reporting period the science team have had online and face to face meetings with colleagues, (now based in the UK) in Spain based at Jaen University. This has enabled us to draw upon our expertise in cognitive acceleration to support and collaborate with the science education research group and their doctoral students in researching aspects of CASE pedagogy.
 
Alejandro Munoz also presented his doctoral research at the ASE conference in Nottingham in January where we were able to hear his work and meet him and the Spanish team :
 
Enhancing science education by the ways of thinking and working in science
 
Page 6

 
LET'S THINK FORUM
 
(A Company Limited by Guarantee)
 
Clarification of how teachers can access science Let's Think resources.
 
There is an on-line publication of historic CASE materials. This includes links on Let's Think to GL assessment for Let's Think Through Science (Y3 and Y4), a password protected folder of secondary CASE, the exploratory flame in ACTs and through Alex's work on Press Books. Pressbooks project hostedarchives, in a modern web based format the original CASE and CAME lessons and support material. The project was seen as a way to honour those that followed and added ideas and helped socially construct a truly world-class intervention in Science and Mathematics Education.
 
Next step: re-evaluate how easy pressbooks is as a platform for hosting these resources.
 
Let's Think Forum Partnership Schools annual subject report to Trustees
 
February 2024 to January 2025
 
There are now five partnerships with schools and institutions: Four Marks, Nebula Trust (5 schools), Richmond Hill Primary School, Vanguard Learning Trust LT (5 schools) , (plus one) providing geographical hubs of expertise and training centres.
 
Richmond Hill in Doncaster offered a Let's Think in English training programme again. This training programme consisted of over 12 colleagues from different nearby schools. The training consists of a combination of tutor expertise provided by Let's Think Forum and in-school expertise provided by Richmond Hill.
 
The partnership between Vanguard Learning Trust, a cross-phase multi-academy trust in the London Borough of Hillingdon, has continued with a focus on primary education and the development of Let's Think champions. Let's Think tutors have continued to support teachers with onsite visits as well as coaching and professional development sessions.
 

 

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



M Walsh
Trustee

Date: 28 August 2025


Page 7

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

STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 JANUARY 2025

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: 28 August 2025


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 2025


Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
Note
        £
        £
        £
        £

Income from:







Donations and legacies

3

-

-

-

500
 
Charitable activities:

4





.Other charitable activities


-

8,394

8,394

17,634
 
Investments

5

-

604

604

588
 
Total income
-
8,998
8,998
18,722
Expenditure on:







Charitable activities

6

-

19,088

19,088

21,442
 
Total expenditure
-
19,088
19,088
21,442

Net movement in funds
  
-
(10,090)
(10,090)
(2,720)

Reconciliation of funds:

  





Total funds brought forward

  

14,229

49,766

63,995

66,715
 
Net movement in funds

  

-

(10,090)

(10,090)

(2,720)
 
Total funds carried forward
  
14,229
39,676
53,905
63,995

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

The notes on pages 12 to 20 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 2025


2025
2024
Note
£
£

Current assets
  

Cash at bank and in hand
  
56,070
66,075

  
56,070
66,075

Creditors: amounts falling due within one year
 9 
(2,165)
(2,080)

Net current assets 
  
 
 
53,905
 
 
63,995

Total assets less current liabilities
  
53,905
63,995

Total net assets 
  
53,905
63,995


Charity funds
  

Restricted funds
 10 
14,229
14,229

Unrestricted funds
 10 
39,676
49,766

Total funds
  
53,905
63,995

Page 10

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

 
 
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

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 28 August 2025 and signed on their behalf by:




M Walsh
Trustee

The notes on pages 12 to 20 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 2025

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.

  
2.5

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.

Page 12

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)


2.6

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.

  
2.7

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.

  
2.8

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.

Page 13

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

3.

Income from donations and legacies




Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
 


 
Donations

-

-

500
 


4.

Income from charitable activities




Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £




Income from charitable activities

8,394

8,394

17,634
 


5.

Investment income




Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £




Investment income

604

604

588
 


6.

Analysis of expenditure on charitable activities


Summary by fund type





Restricted funds
2025
Unrestricted funds
2025
Total
2025
Total
2024
        £
        £
        £
        £





General fund

-

19,088

19,088

21,442
 
Total 2024


3,301
18,141
21,442

Page 14

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

7.

Analysis of expenditure by activities





Activities undertaken directly
2025
Support costs
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £





General fund

6,500

12,588

19,088

21,442
 
Total 2024


3,301
18,141
21,442


Page 15

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

7.Analysis of expenditure by activities (continued)

Analysis of direct costs



Total
funds
2025
Total
funds
2024
        £
        £



Expert tutor

6,500

3,301
 

Analysis of support costs



Total
funds
2025
Total
funds
2024
        £
        £



Bank charges

17

25
 
Insurance

266

263
 
Conference fees

2,280

-
 
Computer and website support

1,745

2,310
 
Travel and subsistence

389

1,405
 
Professional fees

-

4,263
 
Admin support

5,113

6,860
 
Accountancy and legal fees

2,778

3,014
 
Loss on disposal of fixed assets

-

1
 


12,588
18,141


8.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 January 2025, no Trustee expenses have been incurred (2024 - £NIL).


9.



Creditors: Amounts falling due within one year


2025
2024
£
£


Accruals and deferred income
2,165
2,080

Page 16

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

10.

Statement of funds


Statement of funds - current year

Balance at 1 February 2024
£
Income
£
Expenditure
£
Balance at 31 January 2025
£

Unrestricted funds





General Funds - all funds

42,732

8,998

(19,088)

32,642
 
Business Plan Projects

7,034

-

-

7,034
 



49,766
8,998
(19,088)
39,676

Restricted funds






ACTS Fund

14,164

-

-

14,164
 
GLA Fund

65

-

-

65
 



14,229
-
-
14,229

Total of funds


63,995
8,998
(19,088)
53,905

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

Page 17

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

10.

Statement of funds (continued)



Statement of funds - prior 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

Page 18

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

11.

Summary of funds


Summary of funds - current year

Balance at 1 February 2024
£
 
Income
£
 
Expenditure
£
 
Balance at 31 January 2025
£
 
General funds

49,766

8,998

(19,088)

39,676
 
Restricted funds

14,229

-

-

14,229
 


63,995
8,998
(19,088)
53,905


Summary of funds - prior 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


12.

Analysis of net assets between funds

Analysis of net assets between funds - current period

Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
        £
        £
        £



Current assets

14,229

41,841

56,070

Creditors due within one year

-

(2,165)

(2,165)

Total 


14,229
39,676
53,905


Page 19

 
LET'S THINK FORUM

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

12.Analysis of net assets between funds (continued)


Analysis of net assets between funds - prior period

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



13.


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 2025 (2024: £Nil).

Page 20