RE61STERED COMPANY NUMBER: 03575720 (England and Wales) REGISTERED CHARITY NUMBER: 1072152 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for LYPPARD GRANGE COMMUNITY CENTRE LIMITED Cooper Parry Advisory Limited CUBO Birmingham 3rd Floor Two Chamberlain Square 81rmin8ham West Midlands 83 3AX
LYPPARD GRANGE COMMUNITYCENTRE LIMITED Contents of the Financial Statements for th ear ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report statement of Financial Activities Balance Sheet Note5 to the Flnanclal Statements 7 to 13 Detalled Statement of Financial ALllvltl•s 14
LYPPARD GRANGE COMMUNITY CENTRE LIMITED Re for the ort of the Trustees ear ended 31 Marrh 2024 The trustees who are also dlrectors of the charity for the Purposes of the Companies Act 2006, presertt thelr report with the financial ststement5 of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charlties preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Chairman's Introduction Welcome to the Lyppard GrtIe Community Centre (Lyppard Hub) 202312024 Annual Rèport. It has been a better year. due to pandemic becoming less of an iSSLtre for us. Our customers are beginning to come back. and some new buslne$5 has materialised. The last financial period was still challenging for Lyppard Grange Communlty Centre due to the unexpected withdrawal of the Lyppard Nursery from the premlses. We have been able to retsin most of our staff, but staffing for our youth club has been problem for several months despite our regular advertisements. Bulldlres The buildin& a5 always. are in good decorative order. and we continue to malntaln It annually In Ilne with our lease conditions. Our roof leak in Hall 2 continues to be a problèm. the Clty Council have now tried fixing this problem three times but seem unable to cure it. They intend to try with a different contrartor. we have our fingers crossed. This pwènts tss from renting Hall 2 properly because some tenants know the hirtory. We have suggested that the roof light wlhdows be removed as that is the main obstatle in ovèr¢oming the problemL Objecli¥e5 and acti¥ttles Publ1¢ benefit The objectives of the charity are to occupy and manage Lyppard Grange Community Centre. Wortester. for the use of the inhabitants of thè Wamdon Parish of Worcester wlthout distinction of political, religious. or other opinions including use for meetings, lectures, and classes and ft)r other forms of recreation and lelsurÈ tlme o¢¢upation wwth the rknject of improving the conditions of life for the said inhabitarbts. In doln8 $0 the or8ani5ation seeks to cooperate with other charities. voluntary bodlès and statutory authorities operating in furtheran of the objetts or slmllar charitsble purposes and to exchange information and advice wlth them. In doing so the Community Centre provides faulities in the interests of social welfare for recreation and other leisure time occupation wlth the object of improving the condltions of life forthe inhabitants of the area of benefit. We remain focused In our mission to continue to be the focal point of the community, developin& implementing, and enabling initiatives which will enrich the lfves of the local people. H5re Charges The Board considered the matter of charges at a meeting in 2023, and it was agreed that a mlnor increase in hire charges wa5 approprlate as we move forward to re-bulld our business. We have lost some of our regular u5er5 over the year. bLrt overall rental income is Showing a recovery. New User Groups The Hub has welcomed several new groups over the last 12 months includlng Baskin babies, Rhythm time. Zumba Gold and Luna Operatlonal hours remain static at 75 hours per week with around fifty groups using the premisès on a regular basis. In addltion to our regular hirers, the Hub manages several community projects offering a range of services to the local community and beyond including, Youth clubs, parent and toddler groups, Dementla support and a Community Café supporting those that feel socially Isolated. Page I
LYPPARD GRANGE COMMUNITY CENTRE UMITED Re for the ort of the Trustees ear endÈd 31 Mèrch 2024 Ananclal re¥lew Prirhtlpal fundlng sources Funding is received during the year from Worcester City Council1£20,4881 and Wamdon Parlsh Council1£35.5001. othér Fd1ftE Local Councillors supported various community initiatives including Youth aub and Dementia support sessions with grnnts during the period totalling= £2050. In addition to this we also received support from one of our gUlar usei groups,. Lyppard Bridge Club who donated £250.00 to support community activtties. We have been seeing significant cost increases over the last two ye3r5. The increase in fuel c05t. the rise in National Living wage (over two years) and overall costs will see us trading at a loss for several years. Fortunately. we have Significant balan5. Reserves poliry The Trustees have in place a policy whereby the unrestricted funds not committed or invested in tangible fixed assets {the 'fe reser¥e5'1 held by the CTharity should be a minimum of one half of its estimated annual e¥penditiJre which for the current year would be E90.082.IXI. At this level, the management committee feel that they would be able to C[tinue the current activities of the charity in the event of a significant drop in funding. The Trustees are pleased to report that at present the free reserves whith amount to £154.802.00 show a small decrease over the Pr105 figure but is more than the Safety figure set. Trustees will continue to pursue opportunities to maintain the reserve5 above the required level. D•yto Day Manaiement The Trustees delegate day to day management to the Manager of the Hub and Deputy Manager in the Managerfs absence. Futwe plans The Trustees believe that the Centre continues to fulfil. If not exceed, the objectives set by the Community Development Manager of Worcester City Council and as described in the Service Level Agreement a8reed between the Crty Council and Trustees of Lyppard Grange Community Centre Ltmlted on annual basis. The Annual Usèr Forum did not take place in 202312024. The mission of the Trustees is to provlde quality recreational and community fa¢llltles for local inhabitants of all ages and the Trustees believe that optimum community benefit Is achieved by working in partnership with other bodies such as the Parish and ty councils. Close liaison wlth these authorities is, thefOre. encouraged and members of both Councils are also Trustees. The facilities aye limtted by the size nature and location of the present building and without major extension it is possible only to provide additional pursuits and services by greater utilisation of the present hall and activity rms. We are grateful to Wamdon Parish Council and Worcester City Council as they conthnue their support us. Prudent budgetin8 since 2009 will enable us to come through these troubled years, as long we focus on a complete recovery over the next years. Struciure. Kovernance and management Go¥erning doaunent The charity is controlled by its governing document. a deed of trust. and constitutes a limited company, limited by guarantee. as efiii¥d by Lhe Compdnies Att 2006. Re(ruitment and appointment of new trustees The Trustee Board consists of residents, Parish. and City Councillors. There is a pernianent statement on our website that rf people are interested in joining the Trustees, they can apply to join the Board. in addition we approach local professional people. from time to time, when vacancies exist. It has been our policy to try and get people with professional experience as a basi5 for the Board of Trustees. Prospertive Trustees are requested to attend a couple of meetings a5 8ue5ts before they decide whether to join us. If the petson decides that they are interested the Board will vote at the next meeting on whether to appoint them. Reference ind admlThlrtratlve details Re8lstered Company number 03575720 IEn8land and Wales) Page 2
LYPPARD GRANGE COMMUNITY CENTRE LIMITED ort of the Trustee5 ear ended 31 March 2024 for the Reglstered Charlty number 1072152 Registered offlce Ankerage Gen Warndon Villages Worcester WR4 ODZ M Collins Local Government Manager D M Cooksey Minister OF Religion A J Cross Company Oirector L Hi8gins Hr olcer S Hodgson Logistits & TranSrt C L Hodgson Countyldistrict Councillor l M Merriman Project Engineer R J Morris Director Norfolk It Security Architett V A Barrall Company Seuetsry V A Barrall Independent Examiner Cooper Parry Advisory Limited CUBO Birniingham 3rd Floor Two Chamberlain Square Bimiingham West Midlands B3 3AX Approved by order of the board of trustees on ................. R J Morrls- Page 3
Inde endent Examiner's Re ort to the Trustees of ard Gran e Communi Centre rnited Independert examiner's report to the trustees of Lyppard Grange Community Centre iimlted lhe Companv) I report to the charity trustees on my examlnation of the accounts of the Companyfor the year ended 31 March 2024. Responslbllltles and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordancè wlth the requlrements of the Companies Att 2( I'the 2(h)6 Act'l. Having satisfied myself that the accounts of thè Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent èxamination. I report in respect of my ex3mination of your chariws accounts as tarrled out under Section 145 of the Charities Act 2011 lhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission undersection 14515) Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connertion with the examination 8iving me cause to believe: accounting records were not kept in respect of the Company as required by Sertion 386 of the 26 Act: or the accounts do not accord with those records: or the accounts do not comply with the accounting requirements of Section 396 of the 2(I)6 Act other than any requirement that the accounts give a true and fair view which is not a matter tonsidered as part of an independent examination- or the accounts have not been prepared in accordance with the methods and principle5 of the statement of Recommended Practice for accounting and reporting by charities (applicable to tharities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connectlon with the èxaminatlon to whlch attention should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. James Howard FCCA. ACA Cooper Parry AdvSsory Llmited CUBO Birmingham 3rd Floor Two Chamberlain Square Bimiin8ham West Midlands B3 3AX Page 4
LYPPARD GRANGE COMMUNITY CENTRE LIMrrED Statement of Financial Artivities for the ear ended 31 March 2024 Unrestricted fun¢ts Total funds Note5 Income and endowments from Donations and legacies SS.988 54560 Charitsble artmtles Seryices to the Communlty 107.041 107.910 Investment Income S631 L987 Totsl 164660 164A57 Charftsble actl¥llles Servi¢es to the Communlty 164.723 NET INCOMEI(EXPENDITURE) IIL3S3) (2661 Recondllatlon of fwds Total funds brought foTh¥ard 268.fb23 Totsl fimds carried forward 257.IYM 268357 The notes form part of these financial statements Page 5
LYPPARD GRANGE COMMUNITY CENTRE LIMITED Balance Sheet 31 March 2024 2023 Total funds Unrestrfcted funds Notes Flxed assets Tangible assets 12 17,983 27.297 Debtors Cash at bank and in hand 13 5,056 265214 5,049 254,729 270270 259,778 Credltors Amounts falling due within one year 14 131249) 118,7181 Net current assets 239,021 241.060 Total assets less current liabilities 257,004 268357 257,IJ04 268,357 Funds Unrestricted funds: General fund Operating Fund Property Malntenance 16 162.198 173.551 82.834 11.972 ii,m 257,( 268,357 Totsl fuNIs 257.(IM 268.357 The charitable company 15 entitled to exemption from audlt under Section 477 of the Companie5 Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The tnjstees acknowledge their responsiblllttes for ensuring that the charitable company keeps accountin8 records that comply with Section5 386 and 387 of the Companie5 Att 21x6 and preparing financial statements whl¢h 8fve a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficlt for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply wlth the requlrements of the Companles Att 26 relatln8 to flnanclal rtatements. so far as appllcable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial ststements were approved by the Board of Trustees and authorised for Issue on were slgned on its behalf bv.. and stee The notes form part of these financial Statements Page 6
LYPPARD GRANGE COMMUNITY CENTRE LIMITED Note5 lo the Flnanci31 Statements for the ear ended 31 March 2024 Accountlng pollcles 8asi5 of preparlng thè flnan¢lal statements The financial statements of the charitsble company. which is a publlc beneflt entlty under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accountlng and Reporting by Charities.. Statement of Recommended Practi¢e applicable tD charitie5 preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republlc of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companie5 Act 2006. The financial statements have been prepared under the historical cost Convèntion. CrStlcal accountln8 judgements and key sources of estlmatlon uncertainty The financial statements have been prepared on a going concem basis. The trustees have reviewed and considered relevant information. including the annual budget and future cash flows in making thelr assessment. Based on these asse55ments, given the measures that could bè undertaken to mitigate the current adverse CDndltlons, and the current resources available, the trustees have concluded that they Can continue to adopt the going concern basis in preparing the annual report and accounts. Income All income is recognised in the Statement of Financial Attivities once the charity has entltlement to the funds, it is probable that the income will be received and the amourbt Can be MeasUd rellablv. Expenthture Liabilities are recogni5ed 35 expenditure as soon as there is a legal or constructlve obll8ation committing the charity to that expenditure, It Is probable that a transfer of economic benefits will be required in settlement and the amount of thè obll8ation can be measured reliably. Expendlture Is accounted for on an accruals bas15 and has been Classlfied under headings that aggate all cost related to the category. Whèrè costs cannot be directly attributed to particular headFn85 they have been allocated to artivities on a bas15 consistent with the use of resource5. Tan8lble fixed a55ets Depreciation Is provlded at the following annual rates in order to write off each asset over its èstimated useful life. Improvements to property Computer equipment IO% on cost and Stralght Ilne overthe Ilfe of the lease 15% on reducing balance Taxation The charity is exempt from corporatlDn tax on its charitable activities. Fund accountl unstrICted funds can be used In accordance with the charitable objectives at the discretion of the trustees Restritted fund5 can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when speclfied by the donor or when funds are raised for particular restricted purp05e5. Further explanation of the nature and purpose of each fund is included in the notes to the finèncial statements. Penslon ¢osts and other post-retirement benellts The charitable cvmpany operates a defined contribution pension scheme. Contrlbutlons payable to the charltable compzny's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Pa8e 7 continuèd...
LYPPARD GRANGE COMMUNITY CENTRE LIMITED Notes to the Flnanclal Statements- continued for the ear ended l March 2024 Donatlons and k8•¢les 2023 Grants 55,988 54,560 Grants received intlude the following: W0Ster Council- £20.488 Warndon Parish Council- £35.5(K) Investment Income 2024 2023 DepOt Account Interest S1 1.987 Incomefrom charitable adivftie5 2023 Artivity Services to the Community Service5 to the Community 5eriices to the Community Room Hlre OtherActivities and services Other Income 85552 86.103 21.763 107.041 107.910 Support costs {see note 61 Dirert Costs Totals Servlces to the Community 172.993 180.0 SuppiKt costs Goveman servIs to the Communlty Net income11expendlré1 Net income/{e)penditurel is stated after chargingllcreditin81: 2023 Depreciation - owned assets 9314 10.028 Page 8 continued...
LYPPARD GRANGE COMMUNITY CENTRE LIMITED Notes to the Financial Statements- continued for thE ear ended 31 March 2024 Trustees. remuneratlon and benefits There were no trustees, remuneratlon or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees. expenses paid for the year ended 31 March 2024 nor forthe year ended 31 March 2023. Staff costs 2023 Wages and salaries Other pension costs 83.420 1.158 IOIW51 84.578 The average monthly number of empl¢>yees durfng the year was as follows: 2024 2023 Youth No employees received emuMents in èxcess of £60.mJ. Comparnllves for the statement of flnan¢lal acll¥llles Unrestricted funds Income and endowments from t)onatlons and legacies 54,560 Charltable artivkies Services to the Community 107.910 Investment Income L987 Total 164.457 CharitalAe acli¥hies Service5 to the Community 164,723 NET INCOMVIEXPENDITUREI 12661 REtonclliatiun of fund5 Total funds broughtforvrdrd 268,623 Ttstsl fvnd5 carried forward 268,357 Page 9 continued...
LYPPARD fjRANGE COMMUNITY CENTRE LIMITED Notes to the Flnanclal Statements- contlnued for the ear ended 31 March 2024 ii. Funds General Fund This represents monies received without StrIct10n as to their applltstlon. The funds are utilised in the general running of the charity. the balance at 31 March 2024 is £162.198 Designated Funds Property Maintenance The fund is to coverthe ongoing rna1ntenan costs at the Hub. the balance ar 31 March 2024 is £IL792 Operatiry Fund This fund is to cover 6 months of running costs of the Charity. the balance at 31 March 2023 is £82.834 Tangiblellxed assets Improvemerts to property Computer equipment Tota15 At l April 2023 and 31 Marth 2024 94553 142,668 Depretl*l At l April 2023 Charge for year 934 44A37 7n 115,371 9.314 At 31 Mar¢h 2024 79A77 124.685 Net book ¥alue At 31 March 2024 1Sm6 17,983 At 31 March 2023 23.619 3.678 27.297 Debtors: amountsfalllng due vAthin one year 2024 2023 Trade debtors Prepawnents 3J23 L533 2,993 2,056 5,056 5.049 Pa8e 10 continued...
LYPPARD GRANGE COMMUNITY CENTRE LIMITED Notes to the Financial Statements- continued fDrthe ear ended 31 March 2024 14. rJedltors: amounts lalllng duè wlthin year 2024 2023 Bank loans and overdrafts (see note 151 Trade creditors Social security and othertaxes Other creditors Acuuals and deferred income 636 346 368 li.11 17368 31249 18.718 15. An analysis of the maturity Df loan5 is given below= 2024 2023 Amounts fallirbg due within one year on demand= Bank overdrafts 636 16. Movement In funds Net At 3113124 At V4123 In funds Unrestrlcted funds General fvnd Operating Fund Property Maintenance 173.551 111.353) 198 834 11.9n iijn 268357 1113531 257.004 TOTAL FUNDS 268,357 IIL353) 257.004 Net movement in fijnds, included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestritted lunds General fund 168,660 I))) 111.3531 TOTAL FUNDS 168.6fAI 1180.0131 (IL3531 Page 11 continued...
LYPPARD GRANGE COMMUNITY CENTRE UMITED Notes to the Financial Statements- contlnued for the ear ended 31 March 2024 16. Movemert In funds- continued Comparatlves for movement in funds Net movement in funds At 3113123 At 114122 unreStrirt fvnds General fund Operating Fund Property Maintenance 173,817 82,834 11.972 12661 173.551 82.834 11.972 268,623 12661 268.357 TOTAL FUN05 268.623 12661 268.357 C(¥nparati¥e net movement in funds. Sncluded In the abDve are as follows: Incoming reSourS Resour¢e5 expended Movement in funds Unrestrlcted funds General fund 164.457 1164.723) 12661 TOTAL BJNDS 164,457 1164.7231 12661 A current year 12 months and prior year 12 months combined position is as follows.. Net movemeTrt in fund5 At 3113124 At 114122 Unrestricted funds General fund Operating Fund Property Maintenance 173.817 82,834 11,972 111.6191 162,198 82,834 11.972 268,623 111.6191 257.004 TOTAL FUNDS 268.623 111.6191 257.004 A current year 12 month5 and prior year 12 month5 combined net movement in fund5. included in the above are as follows: Incomlng resources Resources expended Movement in funds Unrestricted fund5 General fund 333,117 1344,7361 111,6191 TOTAL FUNDS 333,117 1344.7361 111,6191 Page 12 contlnued...
LYPPARD GRANGE COMMUNITY CENTRE LIMITED Notes to the Financial Statement5 - continued for the ear ended 31 March 2024 17. Related party di5c105ure5 There were no related party transartions for the year ended 31 March 2024. Page 13
LYPPARO GRANGE COMMUNITY CENTRE LIMITED Detalled Statement of Financlal Actlvlties for the ear ended 31 March 2024 2024 2023 Income and endowments Donatlt* and legacies Grants 55.988 $4,560 Investment Income Deposit Account Interest S.631 1,987 Charitable arbvilies Room Hire Other Attivities and Services Other Income 85552 20391 86.103 21.763 107J)41 107.910 Total incomiry resowc 164A57 Expenthture aritsble adivhiE5 Wages Pensions Rates and water Light and heat Telephone P05ta8e and stationery Publicity Fundraising Expenses Trainln8 and Development aeaning Refvse Collection Repairs and Malntenan Ctrmputer Costs Licencès and Subscriptions Bank Charges Photocopier Costs Car Boot Expenses Toddler Group Expenses Community Cafe Depreciation of tangible fixed assets 99,636 L415 83,420 1.158 2.002 13.392 2,403 185 397 7,697 724 20.791 768 2.624 5.584 6S3 I625 1737 347 257 7,281 701 1.737 165 2,640 378 10.028 392 9314 172.993 157,730 Support costs Governance costs Insurance Accountancyfees Independent Examination Fees 1.285 5.735 1,221 4.422 1,350 7.020 6,993 Total resource5 expended 180.013 164,723 Net expendlture IIL353) 12661 This pagè doès not form part of the statutory financial Statements Page 14