LINCOLNSHIRE EMPLOYMENT ACCOMMODATION PROJECT LIMITED

Charity number: 1046933
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Charity provides housing and support services to promote social inclusion to vulnerable young people

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£1,186,293

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Donations and legacies £36.25k
Charitable activities £992.76k
Other trading activities £0
Investments £157.29k
Other £0

Total expenditure:
£1,149,636

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Raising funds £0
Charitable activities £1.15m
Other £0

£0 investments gains (losses)

Total income includes £3,000 from 2 government grant(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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Raising funds and other expenditure £0
Charitable expenditure £1.15m
Retained for future use £36.66k

People

22 Employee(s)

7 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Disability
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Environment/conservation/heritage
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • People With Disabilities
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Lincolnshire

Governance

Registration history:
  • 02 June 1995: Standard registration
  • 02 July 2019: Funds received from 702610 THE LINCOLN SPIRITUAL ASSOCIATION
  • 16 February 2023: Funds received from 1169714 HOUSING AND TENANCY SUPPORT LIMITED
Organisation type:
Charitable company
Other names:
  • L E A P (Working name)
  • LEAP LTD (Working name)
Company number:
02908711 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Homes England
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 policy and procedures
  • 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
  • Volunteer management
Land and property:
This charity owns and/or leases 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

7 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Gerard McGrath Trustee 30 April 2025
None on record
Nicola Worboys Trustee 24 July 2024
None on record
Erika Stoddart Trustee 20 December 2023
FRIENDS OF APPLEBY PARISH
Received: On time
Jayne Hickson Trustee 26 October 2022
None on record
Sam Scoffield Trustee 26 October 2022
None on record
Julia Wilkinson Trustee 30 March 2021
None on record
Roger Allan Hall Trustee 31 July 2019
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £1.21m £1.72m £939.82k £1.16m £1.19m
Total expenditure £1.05m £1.03m £851.24k £1.06m £1.15m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £30.67k £194 £100.28k £3.00k
Income - Donations and legacies £30.21k £580.13k £45.45k £139.84k £36.25k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £1.04m £1.01m £751.90k £869.07k £992.76k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £137.42k £134.10k £148.23k £155.75k £157.29k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.05m £1.03m £851.24k £1.06m £1.15m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £0 £0 £0 £0 £0
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 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £2.47m £2.80m £2.93m £3.12m £3.23m
Long-term investments £941.38k £941.38k £941.38k £941.38k £813.00k
Other assets £401.86k £1.19m £1.11m £648.27k £447.02k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £2.12m £2.72m £2.71m £2.39m £2.21m

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 2024 10 September 2024 On Time
Accounts and TAR 31 March 2024 10 September 2024 On Time Download Open in new window
Annual return 31 March 2023 09 April 2024 69 days late
Accounts and TAR 31 March 2023 23 April 2024 83 days late Download Open in new window
Annual return 31 March 2022 15 December 2022 On Time
Accounts and TAR 31 March 2022 15 December 2022 On Time Download Open in new window
Annual return 31 March 2021 27 January 2022 On Time
Accounts and TAR 31 March 2021 27 January 2022 On Time Download Open in new window
Annual return 31 March 2020 19 January 2021 On Time
Accounts and TAR 31 March 2020 19 January 2021 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 10/03/1994 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 03/05/1995 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 28/11/2002 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 03/03/2011 AS REGISTERED AT COMPANIES HOUSE ON 23/03/2011 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 19/04/2013 as amended on 01 Nov 2020 as amended on 24 Jul 2024

Charitable objects

A) TO PROMOTE SOCIAL INCLUSION FOR THE PUBLIC BENEFIT BY PREVENTING YOUNG PEOPLE AND OTHERS FROM BECOMING SOCIALLY EXCLUDED IN TERMS OF ACCOMMODATION AND SUPPORT SERVICES B) TO PROVIDE A RANGE OF ACCOMMODATION AND SOCIAL HOUSING TO MEET THE NEEDS OF VULNERABLE OR HOMELESS PEOPLE C) TO UNDERTAKE OTHER ACTIVITIES AND SERVICES WITHIN THE REGULATORS REGULATORY FRAMEWORK TO SUPPORT THE WORK OF THE ORGANISATION AND TO PROVIDE SERVICES FOR ITS CLIENTS SOCIAL HOUSING; MEANS LOW COST RENTAL ACCOMMODATION AS DEFINED IN SECTION 68 AND 77 OF THE HOUSING AND REGENERATION ACT 2008 HOMELESS; MEANS NOT HAVING A HOME OR AT RISK OF NOT HAVING A HOME AS SET OUT IN THE HOUSING ACT 1977 AND 1996 AND THE HOMELESS ACT 2002 SOCIALLY EXCLUDED; MEANS AT THREAT OF BEING HOMELESS AND DISADVANTAGED AS TO THEIR SOCIAL, ECONOMIC AND EDUCATION NEEDS REGULATOR; MEANS THE BODY DEFINED AS THE HOMES IN ENGLAND ACTING THROUGH ITS REGULATORY COMMITTEE OR ANY SUBSIDIARY SUCCESSOR TO OR ANY ASSIGNEE OF ANY OR ALL OF ITS RELEVANT FUNCTIONS FROM TIME TO TIME

Area of benefit

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

NOT DEFINED

Contact information

Address:
LEAP
Homer House
Monson Street
LINCOLN
LN5 7RZ
Phone:
01522 563530
Email:
info@leap.uk.com
Website:

www.leap.uk.com Open in new window