LONDON GRID FOR LEARNING TRUST

Charity number: 1090412
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To Advance Education, in particular by providing and assisting in the provision of information and communications technology to London Schools, for the benefit of the children attending those schools. To help with the objectives the trust may procure and enter into contracts to provide services on behalf of other bodies, such as Academies, Government, Health Authorities and other Public Services.

Income and expenditure

Data for financial year ending 31 March 2023

Total income:
£25,680,000

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Donations and legacies £0
Charitable activities £25.68m
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£27,771,000

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Raising funds £0
Charitable activities £27.77m
Other £0

£0 investments gains (losses)

Total income includes £6,662,425 from 76 government contract(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Income generation and governance £0
Charitable expenditure £27.77m

People

42 Employee(s)

6 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 8
£70k to £80k 6
£80k to £90k 1
£90k to £100k 1
£150k to £200k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity for providing services to the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
  • People With Disabilities
  • People Of A Particular Ethnic Or Racial Origin
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Services
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 04 February 2002: Standard registration
Organisation type:
Charitable company
Other names:
  • LGFL (Working name)
Company number:
04205579 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

6 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
PAUL ANTHONY ROBINSON Chair
None on record
Dr Jane Elizabeth Georgeson McSherry Trustee 23 March 2018
None on record
SEAN GREEN Trustee 01 July 2016
None on record
HELEN WARNER Trustee 17 December 2012
None on record
Nicholas Mitchell Trustee 29 September 2010
None on record
GARY HIPPLE Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2019 31/03/2020 31/03/2021 31/03/2022 31/03/2023
Total gross income £26.18m £28.12m £44.39m £35.60m £25.68m
Total expenditure £26.09m £30.51m £46.56m £36.11m £27.77m
Income from government contracts £4.13m £4.88m £9.14m £8.07m £6.66m
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £4.13m £4.88m £0 £0 £0
Income - Charitable activities £22.00m £22.23m £44.39m £35.60m £25.68m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £44.00k £47.00k £0 £0 £0
Income - Other £0 £967.00k £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £22.02m £25.77m £46.56m £36.11m £27.77m
Expenditure - Raising funds £4.07m £4.74m £0 £0 £0
Expenditure - Governance £64.00k £0 £102.00k £78.00k £56.00k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2019 31/03/2020 31/03/2021 31/03/2022 31/03/2023
Own use assets £6.51m £10.10m £11.18m £10.18m £8.64m
Long-term investments £0 £0 £0 £0 £0
Other assets £12.01m £11.77m £17.00m £9.23m £8.26m
Defined benefit pension scheme asset or liability -£1.86m -£1.53m -£2.98m -£2.05m £0
Total liabilities £10.18m £16.25m £23.34m £14.37m £13.37m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2023 31 January 2024 On time
Accounts and TAR 31 March 2023 31 January 2024 On time Download Open in new window
Annual return 31 March 2022 30 January 2023 On time
Accounts and TAR 31 March 2022 30 January 2023 On time Download Open in new window
Annual return 31 March 2021 31 January 2022 On time
Accounts and TAR 31 March 2021 31 January 2022 On time Download Open in new window
Annual return 31 March 2020 29 January 2021 On time
Accounts and TAR 31 March 2020 29 January 2021 On time Download Open in new window
Annual return 31 March 2019 17 January 2020 On time
Accounts and TAR 31 March 2019 17 January 2020 On time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 25/04/2001 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 20/01/2014 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 21 AUG 2022

Charitable objects

1. TO ADVANCE EDUCATION, IN PARTICULAR, BY PROVIDING AND ASSISTING IN THE PROVISION OF INFORMATION AND COMMUNICATIONS TECHNOLOGY (INCLUDING BROADBAND) FOR THE BENEFIT OF CHILDREN ATTENDING SCHOOLS; AND 2. TO ADVANCE HEALTH BY ASSISTING IN THE PROVISION OF BROADBAND AND OTHER COMMUNICATIONS TECHNOLOGY TO ENCOURAGE THE BETTER INTEGRATION OF SERVICES BETWEEN LOCAL AUTHORITIES AND THE NATIONAL HEALTH SERVICE IN THE PROVISION OF ADULT SOCIAL AND OTHER CARE; AND 3. TO ADVANCE COMMUNITY DEVELOPMENT BY ASSISTING LOCAL AUTHORITIES TO INTEGRATE SERVICES THROUGH BROADBAND AND OTHER COMMUNICATIONS TECHNOLOGY TO PROVIDE SERVICES MORE EFFICIENTLY AND AT LOWER COST TO THE RECIPIENTS OF SERVICES PARTICULARLY THE ELDERLY, VULNERABLE INDIVIDUALS AND THE DISABLED.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
9th Floor
10 Exchange Square
Primrose Street
London
EC2A 2BR
Phone:
02084084455
Email:
finance@lgfl.net
Website:

www.lgfl.net Open in new window