Charity Registration No. 1001139 Company Registratlon No. 025539051England and Wales) THE LYTTELTON WELL LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE LYTTELTON WELL LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Board Of Trustees P Robinson JP K A Beecroft P C Hutchinson Dr G W Pooler R Wealherlll Peter Mawditt Neil Hornby Danlel Bennett {Appointed 20 May 2024) (Appointed 20 May 2024) (Appointed 30 May 2024) Charity number 1001139 Company number 02553905 Reglstered offlce Church Street Malvern Worcestershlre WR14 2AY Independent examiner Kendall Wadley LLP Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS BankerJ LLoyds Bank 48 Belle Vue Terrace Malvern WorsterShIre WR14 4QG Soli¢ltors Whatley Recordon 12 WorGester Road Malvern Worcestershir8 WR14 4QU
THE LYTTELTON WELL LIMITED CONTENTS Page Foreword from the Chalr Board of Trustees, Report Slalement of Trustees, responsibllilies Independent examlner's report 10 Statement of financial activit18S Balance sheet 13 No16S to the accounts 14-28
THE LYTTELTON WELL LIMITED FOREWORD FROM THE CHAIR FOR THE YEAR ENDED 31 DECEMBER 2024 As we reflect on tho year. It has Proved lo be one of both chang8 and contlnultyl There have been Changes to managers and staff wlth (afé and bookshop openlng lemporarlly reduced as a re$ull. Ypl there has been continulty, as we pursué our vlslon to be a vlbrant Chrlsllan hub servlng the Maern communlty. wurking wllh lOrStanding partnershlps. the ¢hurch communlty and, as always, our loyal band of Volunteers who 8erv8 sacrtncially acro88 differenl ar&as. We ended tha year with a new managament team and structure, ha9 sald farewell lo Slmon Kemp and family relocatlng to Scolland and appolntlng All R8akes-Wlllams as Volunteer coordlnator and Pl8ter Hermans as Offic8 Manager (from January 2025) jolnlng Paullne Jacob, our Café Manaoer. Wè Ihank Slmon for ca1ng Ihe breadth of the Charity Development Lead role wlth such a blg heart and vlslon.. Glven tha gap beiween Slmon leaving and lh6 now team jolnlng, we look the dlfflcult but ngces8ary decision lo operale the Café and bookshop wth reduced openlng hours, whlch extended Into the New Year. Durlng the pertod of reduced DP8ning hours, the new management toam consulted wjth voluntg$r8 and church lèaders, set a refreshed vlslon together th TNstees, and tralned th6 café stsff. This Infjvllably took a toll on net rovenue ovor those months, needlhg to cover payroll and fixed costs with reduced Income. The Well Counsalllng continued to provlde Iow-COSt ¢ounselllng to the Malvern aroa wlth Its rèputallon as 8 8af and rellab16 place for those In need. In mld.December Jo, Ihe He8d of Counselllng, and her 8SglStant Ge bolh reslgned. We immediately bègan a search for those wlth professlonal quallficatlons lo enable us to ctsntinuè thé £ervic&, but wilhoul any appllcanls we sel In process a way to allow existing cllents to b6 Served. Our Lyftelton Rooms rontlnue to bp well used In different ways by Iha eommunlty and In¢lud6 a dedicated counselling suite and prayer space. Durlng the ¢old wlnt¢r nlghis, we Wor pleased to open our Rooms for the Severe Wèather Emerg8ncy Protocol lo provlda a warm dry space for rough sleèp0, We look tlme during th8 yoar to take stook and Identified some'foundallonal work needed to brlng upto-dat& In temis of relallonshlps and partnershlps, op¢ration$, finance, legal, r16k and ¢omplian¢e. In short growlng towards sustalnablllty. Thls is Induded In our plansfor 2025. All Ihis meaht Ihat our stralegy lo build on our actlvitles and pursue new Inlllallvas had to bé put on hold whlle we managed through th& tran811ions, Wa are so gratoful for the gratte and patienc8 of all as we navlgatsd those ¢hanges. We are exclted to sharè In our report belgw more on how we have moved forward on a number of frontg durfng 2025. On behalf of tDy fellow trustees and man8goment leam. I'd Ilke 10 6Xtend a heartfelt "thank you. fo all who pray, 8&rve and support in so many ways, but most of all we thank Ihe Lord for HIS provlslon, Hi$ love and grac& as we seek to steward HIS vlslon for Tha Lytlelton Well or'The Wèll, as we often c81111, As we said last year, w6 belleve that the need for a wÈlcomlng Chrfstlgn pre$ènc8 on Church Slreot has never been grealer. We pray Proverbs 3. &6 that as trust the Lord ... 'Ho Shall dlre¢t our paths.. Phlllp Roblnson Chalr
THE LYTTELTON WELL LIMITED BOARD OF TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Board of Trustees present their annual report and financial slatemenls for the year ended 31 December 2024. The financial stalemenls have been prepared In accordance wlth the a¢¢ounting pollcies set out Sn nole 1 to th6 financlal statements and comply with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charities pparIng their accounts in accordance with the Financlal Reportlng Standard applicable in Ihe UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). ObJe¢tives and activities The Charity's objectlves as set oul In the Memorandum ofAssociation are i) the advancement of the Christian rellgion by spreading the Gospel of Jesus Christ., ii) the relief of poverty, sickness and dlstress., iii) the r8Iief and rehabilitation of the mentally ill and of disabled persons., Iv) the relief of Ihe aged., v) the promotion of Charltable work of churches in Malvern. In furtherance of these objective8 the charitable company operates retail oullet5, hires out premises, provides philanthropic services of care for the disadvantaged, and follows olher policies as laid down in Ihe Memorandum of Association. There ha5 been no change in these objectives during Ihe year. A8 a charity The Lyttelton Well Limited provides a public benefil to Ihe local communlty by operaling Ihe Counselling Service which continues to deal with many clients and has an ongoing programme of training to ensure the counsellors maintain the standards required by Ihe profession. This Important service conlinues to be funded by The Lyttelton Well Limited and through restricted donations., we hope that it may be possible to fvrther resource It from in¢ome from Irust fvnds and grants. The Board of Truslees have paid due regard to guidance issued by the Charity Commission in decidlng what activities the Charity should undertake. Fulfilling our charitable ObjeCVe$ We review our alms, objectives and activili6s each year. This review looks at what we have achieved and the outcome of our work in the previous twelve months. The review looks at the success of each key activity and how the work in those activities has helped us to further our charitable objectives. The results of this review are set out in this report.
THE LYTTELTON WELL LIMITED BOARD OF TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The advancement of the Chrlstian religion by spreading the Gospel of Jesus Chrlst Chistian witness: While welcoming all, we seek to share th6 love of Jesus through who we are and that we do. Our team of managers and trustees are followers of Jesus, as are many of our volunteers, Prayer Is central to our life and underplns our work. The Bookshop offers help to those with questions about life and faith, as well as provlding an orderlng service to local churches. We provld6 a collection polnt for second hand Chrlstian books and also offèr them for sale. We provide many boxes p6r year lo the Book Aid Charltable Trust, who distribute Biblés and Christian bwks for the advanc@ment of Chrlstianity, and educational purposes both In the UK and abroad, mainly in Africa. Our Chaplains are present and available in the café to those who need a listening ear. We believe strongly in our links with Churches Together in Malvern and see Lyttelton Well as an integral part of th6 church community. The relief of poverty, $l¢kne8s and dlstre88 The counselling setvice provides a discounted, skilled, and professional servic6 to those in need of help for various reasons Includlng anxiety, bereavement, stress, relationships and many other issues. The café also provldes relief to many people, including members of the local community who are lomly or troubled, as it is a place where Ihey can be sure of a warm, friendly welcome. The chaplaincy team maintain a friendly and helpful presence In the café, interacting wllh customers and offering support to stsff and volunleers. We have malntained an active partnership with the Malvern Hills Foodbank, for whom we acl as a collection and dlstribution point, Foodbank volunteers work wtth us on site to enable this service. We also provlde rooms 81 discounted rates on an occasional basis lo some groups where there is a d irect link to our charitable objectives. The relief and rehabllitstlon of the mentally111 and of disabled persons Through volunteering and employment, we are able to provlde a friendly environment to allow members of our communily, including those who are vuln8rable, to participat6 actively and sucSsfUllY in society and can also help people to rehabilitale Ihelr lives and return to an active role in society, with work at the Well as an early step. We have Continued to work with a number of educational establishments Including Bridge, Bankside, Chase High School and Worc8Ster College lo provide regular work experience in the café. Our Counselling SeNice offers relief for several menlal health Conditions. Further, we are able to indlrectly satisfy Ihis objective by providing the space in the Lyttellon Rooms lo several charities and groups who diredly work in the fields of mental illness and dlsability support. The rellef of the aged The ¢afé continues lo be popular in Malvern for older people, whlle providing a w81coming environment for people of all ages. Additionally, we again provide Indlrect relief through the provision of our rooms for exercise classes for the active elderly, and other similar groups.
THE LYTTELTON WELL LIMITED BOARD OF TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The promotlon of charitable work of tho Churches In Malvern The Lyttelton Well works closely with Churches Together in Malvern. Additionally, we provlde the rooms to our member churches for use as n&edod and advertise events in our noticeboards throughout the complex. The rooms are utilised each year for Llfepalh Malvern which is operated by a Malvern-wide group of churches. Flnanclal rovlew During the year income totalled £285,988 (2023 - £265,735> and expenditure amounted to £279,875 (2023 £286,409), leaving a surplus for the year of £6,113 (2023- a deficit of £20,674). Current unrestricted reserves are £85,322 (2023 £81,026), which excluding tanglble fixed assels Is approxlmalely £70,000. Funds that are unrestriGted and undesignated excluding tangible fixed assels ar6 £63,102 (2023 - £63,650). Current Restricted Resejves are £12,921 (2023 - £17,578) Endowment Funds remain £356,613 (2023 - £356,613). Glving a total reserves figure at 31 st December 2024 of £461,330 (2023- £455,217). Reserves policy It Is the policy of the Charity Ihat funds which have nol been re¢elved as restricted for a speclfic use should be malntalnéd at a level equivalent of between three and six months, of fixed costs. A. Lyttelton Well (excl TWC) 1. Fixed Costs (°FC"). In the event that all operations and sources of income cease it is estlmated thal ongoing monthly FC will be £12,750. The current level of reserves will cover 4.9 months of FC. 2. Continued limited operalion, On the basis that the café and bookshops continue to operate but other sources of income {lettings and donations) cease, then il is eslimaled that current reserves are sufficient for 9 months. B. The Well Counselllng (°TWC") Currenl cash reserves restrlcted for TWC use are approximately £11,300. Some of these are grants further restricted to TWC salary usè only, how6v6r in the event that all other income other than fees cease, TWC can continue to fully operate for at least a further 12 months.
THE LYTTELTON WELL LIMITED BOARD OF TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Prlnclpal Fundlng Sources Trading income: The Café. The café produced surplus of £5,252 (2023.. surplus of £34,780) after cost of sales and directly attributable salaries. After allocating support ¢osts, governance costs and depreciation, the café produced a deficit of £46.233 (2023: surplus of £2,890). The Bookshop. The bookshop produced a deficit of £566 (2023.. a deficit of £5,091) after cost of sales and direcljy attributable salaries. After allocating support cosls, governance costs and depreciation, bookshop produced a deficll of £8,704 (2023.. a deficit of £21,803), Rooms. Letting Income from the Lyttellon Rooms in 2024 was £32,701 {2023.' £28,839). After allocation of support Costs, governance cosls and depreciation, the lettings function contributed a surplus of £4,972 (2023- a deficit of £4,829). The Well Counselltng. Counselling income {ResIr1ed or designated) was £42,281 (2023.. £23,302). This resulted in a surplus after direct expenses of £6,954 (2023.. a deficit of £7,298). After accountlng for allocallons of support oosls, gov&rnance costs and d6preciation, the counselling department ¢ontribuled a total deficit of £10,341 (2023: a deficit of £19,796). Governance and support expenses Allocable governance and support expenses Incurred in the year were £77,061 compared to £81,728 In 2023, Resorvos cash and investsnent pollcy The charity has continued to take a prudent and low risk approach to our valuable cash reserves. In the current uncertain climate this Is seen as particularly important and consequenlly all reserve8 are held in cash deposits. It has been the policy of Truslees to ring-fence £60,000 of reserves for access only wllh the agreement of the Executive Committee. Th@ balance is used to fund working capital fluctuallons throughout the y&ar. Over the last 12 months permission has been given lo draw down £10,000 of these resarves to meot the increased working capital requirement. A separate bank account is malntained for funds restricted for counselling use.
THE LYTTELTON WELL LIMITED BOARD OF TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for the future The y6ar 2024 was characterised by continuity and change, continuing our core actlvities, but moving inlo 2025, we started a process of reviewing and refreshing our vision and purpose and envlsage an onward palh of buildlng on our core activities, introdu¢lng new Initiatives espe¢lally as wa engage more clos61y with churches and partners. Of course there are challonges, but we seek to build foundations where we are well prepared for those that arlse. Prayer: We sought to underpin our steps with prayer, with trustees and managers me8ting logether early every Friday mornlng, an open time of prayer In Ihe Café on Monday mornings and building daily rhythms of prayer throughoul th6 week. We have been blessed by being included in the prayers and prayer meetings of some of the ¢hur¢hes. Our God is a relational God and calls us to seek unity. We have èndeavoured to build heatthy relationships both across our team and beyond as part of our foundational steps. Church leaders: We felt it important to draw much closer lo church leaders across Malvern and began the year by me6ting with them, praying and sharing together.11 was encouraging to hear from tham as well as share our heart to seek the Lord's 111. Our vision, mission, values: This has been followed by refreshlng our vlslon, misslon and values that respects our heritage ov@r 30 years, but looks foNard. We have been sharing thesè across our16am or staff and volunteers to ensure we are all aligned in who we are and why we serv6. This has been followed by regular vislts to local church congregatims to conne¢t and shar8. Other key shifts.. Café.. Revlsed café openlng - moving from six days lo Monday - Friday. We are putting emphasis on our café and bookshop as more 'ministry than money'l Ali's role as Volunleer Coordinator is intended to recognise the value of our volunteers as a community in their own right with both gifts and needs. We are looking to inlroduce more initiatives that leverage the Café space engaglng the community more wid&ly in different ways, such as family tlme during school holldays. Counselling.. Plans to re-launch a remodelled subsidised counselling Servi. This will be in effect an outsourced service where Ihose seeking low-cost counselling wlll be referred through The Well Counselling lo our pool of counsellors, operating from within their own private professional practlces. Thls avolds the reliance on a qualified professional to oversee, manage and coordlnate the servi¢e, while maintaining the same standards and Safeguards for the clienls. Chaplalncy: Plans lo re-launch a remodelled chaplaincy servlce from September, enabling those who wish to meet with a trained chaplain. Management.. A key emerging shift has been to empower Ihe management team lo manage and lead, supported by and overseen by the tru8tees. Vvhile respecting different roles and responsibilit16s and boundari@s, we have a greater sense of 'one team. serving together, reinforc@d through our shared prayer limes. There are many exciting ideas for the future, but we want to ensure these are the Lord's plans not ours. You can expect a phased Introduction of 'the ne alongside the present as opportunities arise and capacity allows.
THE LYTTELTON WELL LIMITED
BOARD OF TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
stN¢ture, goveman¢e and management
The charity, Incorporated on 31st October 1990, is a company Ilmited by guarantee governed by its
memorandum and articles of association.
The company15 a reglslered charity. Thère is an endowment fund that reflects Ihe Lyttelton Well buildings that
wlll revert to the Dioces6 on vacation.
The Board of Trustees (directors) is appointed by the members in general meeting.
The Board of Truslees, who are also the directors for the purpose of company law, and who seNed during the
yèar and up to the date of signature of the financial statements were..
P Robinson JP
KA Beecroft
C D Boulton
R H Fletcher
P C Hutchinson
R M Row8well
Revd J Saunders
Dr M Harper
Dr G W Pooler
R Weatherlll
Peter Mawditt
Nell Hornby
Daniel Bénnett
(Resigned 20 May 2024)
(Reslgned 13 February 2024)
(Resigned 2 September 2024)
(Resigned 2 April 2024)
.
THE LYrrELTON WELL LIMITED BOARD OF TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Reorultment 4ndAppolnfmentof Boartl of Trustees A Ilst of necessary buslness. governance. counselllng and outreach skills Is maintalned ahd revlewed regularty as part of th& annual risk assessment. Indlvldual Trustee responslblllties are Idantsfled and 8llocat&d based on each member's partlcular skills. Where the nfjcessary mlx of Skills Is found to lje lacklng, for example due to relif8m¢nl$, approprlately qualified Indlvlduo1$ are approaohed to offer themselvos for electlon to the Board otTwsto&S. Trusteg Jnductlon and Tralnlng Most new Tru6te6s (directors) aro already familiar wilh partlcular aspects of the practl¢al work of th? diatlty as 0Sunte&r8 andlor tompany momb&rs. Addltion8lly, the chairman of the Board of Trustees brlefs each n6w Trugtee on the legal obligalbhs of the Board of TNste8s fdlreotoi?), the main doBurnents whl¢h set oirt the operallon framework of the charity, Ihe current finandal position and the charlly'$ fyture plans and obJecllv¢s. To SLspplement thls Indutllon, new Truslees are rovided with a copy of th6 Charlty Commlsslon's publlcallon Yh8 Essentlal Trustep., 88 well as a CDPY of Memorandum and Artldes ofAsso¢ialion and Ihe latÈsl f5nanclal statsments. Rlsk Alanagement Tha rfsk management plan Idèntifi6& ar¢a of rlsk and whera approprfate estsbllshes systems 8nd procedurès to mltigate major rlsk8 Ip Which Ihe oharlty Is exposed. Thè charfty'$ Strat1¢ plan 18 revlewed annually to ensure there Is suffjclent dlverslfjcatlon of a¢llvltle$ and lundlng. Intemal Control risk3 are mlnlmlzed by Ihg Implémenlatlon of procedures for aulhorfzation of 811 tr8nsadlons and proipcts. The ¢harlty has ProdureS In plafjè to ensure compllanc& wlth health and safefy leglslatlon affectlng slaff, ¢ustomers and vlsltors. The8e procedures ar& r6viewed annually. Thè charity has a pollry for Ihe protectlon of children and vulnBrab19 8du]Is. Thls pollcy ig r8vlew8d annually. sot cover for lund$ Note 22 sets out an 8nalyslg ofthe 8$Sets atlrlbutable to fhe varfous fund8 and a descrlptlon of the fvnd8. Thesg assfjts are sufficlenl to meel the ¢harfty's obllg8tions on 8 fund by fund basis. Thls r6port has been prepared In gCCQfdanug wllh the pnJvl$lons appllcable to companles 8ublect to the small comp nSes reglme., P Roblnson JP Triiste8 ]Jated: l July 2026
THE LYTTELTON WELL LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees, who are also the directors of The Lyttelton Well Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the accounts in a¢¢ordance wilh applicable law and United Klngdom Accounting Slandards (Unlted Kingdom Gen6rallyAccepled Accounling PraGtlce). Company law requlres Ihe Board of Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charily and of the In¢omlng resources and appllcation of resour$, including the Income and expenditure, of the charilable company for that year. In preparing th886 accounts, the Board of Trustees are required to.. select suitable accounting policies and then apply them consistently. - observe the methods and principles In the Charities SORP., make judgements and estimates that are reasonable and prudenl., state whether applicable UK Accounting Standards have been followed, subject to any material departures disdosed and explained in the accounts. and prepare the accounts on the going concem basis unless it Is Inapproprlate to presume that th6 Charity will contlnue In operalion. The Board of Truste8s are responsible for keeping adequate accounting records that disclose wilh reasonable accuracy at any tlme the financial position of the Charily and enable them lo ensure that the accounts comply with the Companies Act 2006. They are also responslble for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities:
THE LYTTELTON WELL LIMITED INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF THE LYTTELTON WELL LIMITED I report lo the Board of Trustees on my examlnation of the financial statemenls of The Lyttelton Well Limited (the Charity) for the year ended 31 December 2024, whlch are set out on pages 11 to 31. R8sponslbllltles and basls of report As the Board of Truste@s of th6 Charity (and also its directors for Ihe purposes of company law) you are responsible for the preparation of the financlal ststements In accordance wlth the requirements of the Companies Act 2006 (the 2006 Act). Having satlsfied myself Ihal the financlal statements of the Charlty are not requlred to be audlt&a under Part 16 of the 2006 Acl and are ellgible for indépendent examinalion, I report in respect of my examination of th6 Charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charily Commlssion under section 145(5)(b) of the 2011 Act. Independent examlneV8 Statement Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed In section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Institute of Chartered Accountants in England and Wales. which is one of the listed bodies. I have completed my examination. l Confirm thal no malters have come to my attention In connection wlth the examinatlon giving me cause to believe that in any material r8SP@ct: accounting records were nol kepl in respect of the Charlty as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records; or the financial slatements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requlrement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the financial statements have nol been prepared in accordance with the methods and principles of the statement of Recommended Pradlce for acwunting and reporting by charities appllcable to charities preparing thelr accounts In accordance with Ihe Financial Reporbng Standard applicable in the UK a1 Republic of Ireland (FRS 102). ave houl rns and have come across no other matters in connection with the examination to which attention n in this report in order lo enable a proper understandlng of the financial statements to be reached. Eliza eth Needham ACA CTA (VAT) Kendall Wadley LLP Granta Lodge 71 Graham Road Malvem Worcestershlre WR14 2JS Daled.. 1 July 2025 10-
THE LYTTELTON WELL LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Current flnanclal year Unrestricted Unrestricted Restrfcted Endowment funds funds funds funds general deslgnated 2024 2024 Total Tolal 2024 2024 2024 2023 Notes Volunlary Income Charttable a¢tlvltles Other trading activities Investment income 58,168 15,189 164,074 1,176 9,687 37,694 105,549 15,189 184,074 1,176 48,483 16,927 199,128 1,197 Total Income 238,607 9,687 37,694 285,988 265,735 Ralsing funds 202,814 202,814 204,681 Charitable activities 30,557 10,473 36,031 77,061 81,728 Total expenditure 233,371 10,473 36,031 279,875 286,409 Net Incomlngl (outgoingl before transfers 5.236 (786> 1,663 6,113 (20,674) Gross transfers between fvnds 21 (940) 7,260 (6,320) Net in¢omel(expendlture) for the yearl Net movement In funds 4,296 6,474 (4,857) 6,113 (20,674) Fund balances at 1 January 2024 81,026 17,578 356,613 455,217 475,891 Fund balances at 31 December 2024 85,322 6,474 12,921 356,613 461,330 455,217 11
THE LYTTELTON WELL LIMITED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prior flnancial year Unrostrlcted Restrlcted Endowment funds funds funds 2023 2023 2023 Total 2023 Notss Voluntary income Charitable activlties Other trading activitles Investment Income 25,721 16,927 198,688 1,197 22,762 48,483 16,927 199,128 1,197 440 Totsl Income 242,533 23,202 265,735 Raising fijnds 204,681 204,681 Charitable activities 71,157 10,571 81,728 Total expenditure 275,838 10,571 286,409 Net incominglloutgoing) before transfers (33,305) 12,631 (20,674) Net In¢omel{expendlturel for the yearl Net movement In funds (33,305) 12,631 (20,874) Fund balances at 1 January 2023 114,331 4,947 356,613 475,891 Fund balancas at 31 December 2023 81,026 17,578 356,613 455,217 12-
THE LYTTELTON WELL LIMITED BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Not08 Flxed asset$ Tangible assets Current assets Stocks Debtors Cash at bank and In hand 1.5 378,833 373.989 16 7,070 24,792 67,597 13,124 5.513 81,795 99,459 100,432 redltor$: amoutsts lalllng due wlthln onè year 18 (16,962) (19,204) Nèt Ctjffent as>ets 82,497 81,228 Total not as8ets 461,330 455,217 Capltsl fvnds Endownent funda Income funds Re81rlctsd funds Designated funds Unrestricted funds 20 356,813 356,613 21 19 12,921 6,474 85,322 17,578 81.026 461,330 455,"217 The company18 ¢ntlUed to the exemptlon from the audit requlremenl contalned In sectlon 477 of tho Componi&s Act 2008, for thè year ended 31 De¢ember 202&L Th8 members have not required the company lo oblaln an audlt of Its financlal statements for thè yaar In questlon In accordancè wlth $e¢tlon 476. The Board of Trustees acknowledga thelr responslbilltles for ensurlng thal Iho chartty keeps accountin# rècords whlch comply wllh Sèction 386 of the A¢t and for preparlng finan¢lal statements whiGh glve a tnja and fair vlow of the stsle pf affair$ of the company as at the end of the flnancial year and of Its Incomlng resources and appllcatlon of resources, Including Income and, &xpenditur6, for Ilie financial year In accordance with th8 requlrements of sectlons 394 and 395 and whtoh otherw5se comply with the requlrements of th6 Companles Act 2008 relallng tts financial slatemBnts, 80 far 88 appllcable to the company. These financlal $ts1oments have been prepar6d In accordance wllh the provl$lon8 appllcable to companles subject lo the small companle$ reglme. The ac¢ounts werÈ approved by tha Board Of Trustees on 1 July 2025 P Roblnso Trustoo Company Reglstrauon No. D2553905 13-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng poll¢les Charity inforniation The Lyttelton Well Limiled is a private company limited by guarantee incorporated In England and Wales (number 02553905) and and a charlty registered In England and W8les (number 1001139). The registered office is Church Slreét, Malvern, Worceslérshire, WR14 2AY. 1.1 Accountlng conventlon The financial stalements have been prepared in accordance with the Charity's memorandum and articles of assoclation, The Charities Act 2011, FRS 102, the Companies Act 2006 and 'Accounting and Reporting by Charllies.. Statement of Recommended Practlce applicable to charltles preparlng their accounts in accordance wilh the Financlal Reporllng Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commenclng from 1 January 2019). The Charity is a Public Ben6fil Entlty as defined by FRS 102. The financial statements are prepared In sterling, which Is the functional currency of the Charity. Monetary amounts In these financial slatements are rounded to the nearest £. Th8 accounts have been prepared under the historical cost convenlion, the leasehold properly baing carried at deemed value upon endowmenl to the charity (Nole 15).The prlncipal accounting policies adopted are set oul below. 1.2 Going ¢on¢ern Al the time of approving the financlal statemenls, Ihe Board of Trustees have a reasonable expectatlon that the Charity has adequate resources to continue in operational 6xistenc6 for the foreseeable fulure and that Ihere are no material uncertainties about its ability lo continue. Thus the Board of Trustoes continue to adopt Ihe going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds ar8 available for use at the discretion of the Board of Trustees in furtherance of thelr charitable objectives. Designated funds represent fvnds sel asidé by the Irustees for specific purposes. Restricted funds represent fund8 received by the charity that have been given for a specific purpose imposed by the donor. Endowed fijnds represent the value of buildings gifted by tha Diocese on commencement of the charity. 1.4 Income Income Is recognised when the Charity is legally enlilled to It after any performance conditions have been met, the amounts can be measured rellably. and It is probable that Income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Chartty has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 14-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Volunlary Income 5$ recognlsed as an income when receivabla, axcept Insofar as when It is Incapable of nanclal measurement. Activities for generating funds income is recogn16ed on recelpt as this is when It becomes measurable. Inve5tmenl Income Is Included in th6 SOFA in the year in whlch it Is receivable. Legacies are recognised when there is reasonable probability that the bequest will be recelved. Government grants are recognlsed as an incom8 when receivable. 1.5 Expondlturo Expenditure is recognised once there Is a legal or constructive obllgalion to Iransfer economic benefft to third party, it Is probable Ihat a Iransfer of economic banefits will be requlr6d in settlement, and the amount of the obllgalion Can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lotal of direct costs and shared costs, including support ¢osl$ Involved In undertaking each activity. Dire¢t costs attributable lo a single aclivlty are allocaled dlr&ctly to thal activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a slngle activily are apportioned between those activllies on a basls consislent with Ihe use of resources. Central staff costs are allocated on the basls of time spent, and depreciation charges are allocated on the portion of the asset's use. All expandlture is induded on an accruals basis and is recognised when Ihere is a legal or constructive obligation to pay for expenditure. All costs have been directly attrlbuted to one of the fun¢llonal categories of resources expended in the SOFA. The Charity is reglstered for VAT and a¢¢ordlngly expenditure Is shown net of recoverable VAT. 1.6 Tanglble flxad assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, nat of depreciation and any impairment losses. Depreciatlon is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold property Plant and machinery Fixtures, fittings & equipment Office machinery not applicable over 5 to 20 years as appropriate on cost ovér 5 to 10 years as appropriate on Cost over 3 years The gain or loss arising on the disposal of an asset is determined as the difference beleen the sale proc66ds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets Al each reporting end date, the Charity reviews the Carrying amounts of its tanglble assets to determlne whether there is any indS¢atlon that Ihose assets have suffered an Impairment loss. If any such indrAtion exlsts, the recoverable amount of the asset is @stimaled In ord6r to det6rmin6 the extent of the Impairment loss (if any). 1.8 Stocks Slocks relate to the bookshop and café. Stocks are stated at the lower of cost and eslimated Selling price. q5-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng pollcles (Continued) 1.9 Cash and ¢ash equlvalents Cash and cash equivalents include cash in hand, deposits held at call wlth banks, and other short-term liquid investments with original maturities of three months or less. 1.10 Financial Instruments The Charity has elected to apply the provlslons of Sectlon 11 'Baslc Flnancial Inslruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognlsed in the Charity's balance sheet when the Gharlty becomes party to the contractual provisions of the instrument. Flnanclal assets and liabilities are offs6t, with the net amounts presented in the financial statements, when there Is a16gally enforceable right lo set off the recognised amounts and there is an Intention to settle on a net basis or to realise the asset and seltle Ihe Ilability simultaneously. Basic finan¢lal a$sets Ba8lc flnancial assets, whlch include debtors and cash and bank balances, are initially measured at transactlon prfca including transaction costs and are subsequently carried at amortised cost Using the 6ffectiv6 interest method. Financial assets classified as receivable within one year are not amortlsed. Basic financial liabilities Basic financial liabilitles, including creditors are Initially re¢ognlsed at transaction price. Financial liabilities cla8slfied as payable withln one year are not amortlS6d, Trade creditors ar6 obligalions to pay for goods or SeiceS that have been acquired In the ordlnary Urse of operations from suppliers. Amounts payable are classffied as current1Sabililles If payment is due within one year or less. If not, they are presented as non-¢urrent Ilabililies. Trade creditors are recognised initlally at transaction price and subsequenlly measured al amortised cost using Ihe effective interest method. Derecognition of finan¢lal liabllitles Flnanclal liabllities are derecognised wh@n the Charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee beneflts The cost of any unused holiday enlitlement is recognised In the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the Charlty is demonslrably committed to lermlnate the employment of an employee or to provide termination benefits. 1.12 Retirement benefits The charitable company operates a defined contribution pension scheme for eligible employees. The assets of the scheme wlll be held separately from those of the company in an independently administered fund. 16-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Critical ac¢ounllng estimates and Judgemonts In the application of the Charity's accountin9 policies, the Board of Trustees are requlred to make Judgements, estimates and assumptions about the Carrylng amount of assels and liabllities thal are not readily apparent from other sources. The estlmat8s and associated assumptions are based on historical experience and other factors thal are considered lo be relevant. Actual results may dlffer from these estimates. The estimates and underlying assumptlons are revlewed on an ongoing basis. Revislons to accounting estlmates are recognised in the perlod in which the estimate is revised wher6 the revision affects only Ihat perlod, or in the perlod of the revision and future periods where the revision affects both current and fulure pariods. Voluntary Income Unrestrlcted Unrestrlcted Restrlcted funds funds funds general deslgnatsd Total 2024 Total 2023 Donations and glfts Legacies recelvable 54,168 4,000 9,687 36,694 1,000 100,549 5,000 48,483 58,168 9,687 37,694 105,549 48,483 For the yaarended 31 Docember 2023 25,721 22,762 48,483 Charitable activities 2024 2023 Bookshop Income 15,189 16,927 Analysis by fund Unrestricted funds - general 15,189 For the year ended 31 Decembèr 2023 2023 Bookshop income 16,927 Analysis by fund Unrestricted funds - general 16,927 17-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other tradlng actlvlllas Unrestri¢ted Restricted funds funds 2024 2024 Total Unrestrlctsd Restricted funds funds 2023 2023 Total 2024 2023 Fundraislng events Cafe income Letting and licensing arrangements 1,000 168,849 440 1,440 168,849 131,373 131,373 32,701 32,701 28,839 28,839 Olher Irading activities 164,074 164,074 198,688 440 199,128 During the year, Great Malvem Priory contributed £8,000 {2023.' £7,200) towards the runnlng costs of the Lyttelton Rooms under the joint Operating Agreement with th6 charily for use of the thal building, of which £nil {2023- £nil) was restricted to the Rooms Maintenance Fund. Income from investments Unre$tri¢ted Unrestrfcted funds fund$ 2024 2023 Interest receivable 1,176 1,197 Raising funds Total 2024 Total 2023 Fundralsing events 684 os Café - direct cost of goods sold Staff costs Depreclatlon and impairmenl 47,593 76,007 2,521 50,656 87,782 6,007 Costs of trading 126,121 144.445 are of su orta ov anc 76,693 59,552 202,814 204,681 18-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charltable actlvltles The Well Community Outreach Bookshop Counselllng Support and foodbank Total 2024 Total 2023 staff costs Depreclalion and impairment Direct eXP6nses Direct expenses - provision of facilities Repairs and maintenance Outreach costs Sundry expenses Cost of goods sold IT costs 28,023 3,000 31,023 32,582 103 4,910 522 625 4,910 597 5,548 30 30 20 1.433 1,433 340 340 265 933 7,164 839 696 12,225 12,225 140 132 35,327 340 15.755 51,422 47.948 Share of support costs (see note 10) Share of govemance costs (see note 10) 15,872 8,173 24,045 31,316 1,063 531 1,594 2,464 52,262 340 24,459 77,061 81,728 Analysls by fund Unr8Stricted funds - general Unrestricled funds - Restricted funds 6,098 10,473 35,691 24,459 30.557 10.473 36,031 340 52,262 340 24,459 77,061 For the year ended 31 December 2023 Unrestricted funds - general Restricted funds 27,836 10,306 20 4,571 285 38,730 71,157 10,571 38,142 20 4,836 38,730 81,728 19-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Description of Charitable actlvltles The Well Couns The Well Counselling is a long-establlshed counselling servicè based In the centr6 of Great Malvern. We provide a safe, confidential place to explore issues which cause distress or dlfficulty. Al A chaplaincy servlce offers prayer and SLFPPOrt to those who ask. utreach and foodban The Lyttelton Well is a collection and dlstribullon centre for the Malvem Hllls Foodbank. The Lyttelton Rooms provide a venue for a variety of community related activities. The provlsion of falth educallon through the operalion of a bookshop to promote the advancemenl of Christian rellglon, 10 Support costs Support Govèmance costs costs 2024 2023 Basis of allocation Staff Costs Insurance Llght and heat Repalrs and maintenance Rates Cleaning, health and safety Offlce and ¢ommunlcations costs Volunteer ¢osts Bank charges Computer expanses General expénses 55,983 5,359 17,003 7,153 1,730 4,585 1,366 37 292 1,650 1,861 55,983 5,359 17,003 7,153 1,730 4,585 1,366 37 292 1,650 1,861 36,426 Activity 5,064 Actlvlty 13,285 Activlty 5,130 A¢tlvity 1,875 Activlty 10,853 A¢tivity 2,771 Activity 90 Activity 3,713 Activity 6,253 Actlvity 832 Activity Independent Examinels fees: Indep6ndenl Examination Legal and professional Governance 4,186 1,127 4,186 1,127 4,372 2,668 Governance 97,019 5,313 102,332 93,332 Analysed beeen Trading Charitable actlvities 72,974 24,045 3,719 1,594 76,693 25,639 59,552 33,780 97,019 5,313 102,332 93,332 -20-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Ralslng funds - support and govornance ¢08t8 by actlvltly 2024 Lettings 2023 Lettings Café Café Depreciation Support cosls Governance Costs 859 47,970 2,656 1,662 25,004 1,063 2,226 27,200 2,464 3,781 27,776 2,112 51,485 27,729 31,890 33,669 12 Employees Number of employees The average monlhly number of employees durlng the year was.. 2024 Number 2023 Number Management Staff 13 17 20 Employment costs 2024 2023 Wages and salarfes Social securlty cosls other pension costs 155,704 1,344 5,965 148,284 3,851 4,655 163,013 156,790 Included in the above ara fees of £28,023 (2023: £18,498) paid for the provision of counselling s6niices. Four employees received redundancy payments in the year, totaling £4,326. There were no employees whose annual remuneration was £60,000 or more. 13 Board Of Trustees None of the Board of Truslees (or any persons connected with them) received any remuneration or benefits from the Charity durlng the year. No trustees were reimbursed expenses during this or the prior year. Donallons totalling £24,300 without condllions were received from the Trustees or relaled entities. R Weatheiill Is also a truslee of Great Malvern Priory, transactions with thal enlily are as dlsclosed in note 5, 21
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Retlrement benefit schemes 2024 2023 Defined contrfbution schemes Charg6 to profit or loss in respect of defined contribution schemes 5,965 4,655 The Charily operales a defined contribution pension scheme for all qualifylng employees. The assets of the scheme are held separately from those of the Charlty In an independently administered fund. 15 Tanglble fixed assets Leasghold propgrty Plant and machlrtery Flxtum. flttlngs & gqulpmgnt Offlee machlnery Total Cost At 1 January 2024 Additions Disposals 356,613 31,101 7,990 (3,243) 50,942 9,749 448,405 7,990 (7,893) (83) (4,567) At 31 December 2024 356,613 35,848 50,859 5,182 448,502 Depre¢latlon and Impalrment At 1 January 2024 Depre¢iatlon charged in the year Eliminated in respect of disposals 18,307 1,683 (3,243) 47,947 850 (83) 8,162 613 {4,567) 74,416 3,146 (7,893) At 31 December 2024 16,747 48,714 4,208 69,669 Carrylng amount At 31 December 2024 356,613 19,101 2,145 974 378,833 At 31 December 2023 356,613 12,794 2,995 1,587 373,989 16 Stocks 2024 2023 Book stock Café and other stocks 5,570 1,500 10,425 2,699 7,070 13,124 -22-
THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors Other debtors Prepayments and accrued income 3,289 4,816 16,687 2,022 1,220 2,271 24,792 5,513 18 Credltors: amounts falllng dua wlthin ono yoar 2024 2023 other taxation and social security Trade creditors other creditors Accruals and deferred Income 5,645 6,560 478 4,279 7,645 7.495 1,518 2,546 16,962 19,204 19 Unrestrlcted funds - deslgnated These are unreslricted funds which are have been designated for specific purposes by the Trustees. At 1 January 2024 Incomlng resources Re$ources expended Transfers At31 December 2024 Designated counselling fund 9,687 {10,473) 7,260 6.474 Designated Fund - These are funds received from counselling related activities that have been ring-fenced to be spent on the costs of runnlng the counselllng seNice. -23-
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THE LYTTELTON WELL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Related party transa¢tlon8 Remuneration of key management personnel The remuneratlon of key managemenl personnel was as follows-. 2024 2023 Aggregate compensation 87,387 65,957 -28-