THE BASEMENT
ADVISORY CENTRE
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST MARCH 2024
Company Registration No. 03642747
Charity Registration No. 1075052

THE BASEMENT ADVISORY CENTRE
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024
The trustees are pleased to present Iheir annual report for the year ended 31 St March 2024.
The financial statements comply with the Chariliesdd 2011, Companies Act 2006. Accounting
and Reporting by Charities; Statement of Recommended Practice (SORP 2019) applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102) effective from 1 St January 2019.
OBJECTIVES AND ACTMTIES
The charity's objects are to provide a Drop In Centre, to relieve human suffering, hardship and
distress amongst homeless people IrreSp￿tive of colour. creed or class and for the following
purposes:_
1) To educate the public conceming the nature. cause and effects of homelessness.
human suffering, poverty and distress.
2) To issue appeals, hold public meetings and take such proper steps as may be required
for the purpose of promoting and publicising the objects of the charty and procuring
contributions to its funds in the form of donations, subscriptions and otheThvise.
3) To communicate and co-operate with govemment and authorities, national, local or
otherwise and to obtain from such bodies any rights. privileges and concessions for the
attainment of the charitys objeds.
We have referred to the guidance contained in the Charity Commission's general guidance on
public benefit when reviewing our aims and objectives and in planning future activities. In
particular, the trustees consider how planned activities will contribute to the aims and
objectives they have seL
ACHIEVEMENTS AND PERFORMANCE
Charitable Activities
The charity continues to reach out and respond to the needs of the homeless, who are
amongst the most socially excluded and marginalised people in society. On the basis of
8mpowerment, the charity advocates for the rights of our service users and acts as a catalyst
for change in an environment that provides a psychologically infonned and planned
environment.
The charity ensures that seNice users access the optimum support by working in partnership
with other relevant agencies.
The strategies employed to achieve the charivs objectives are to:
Remove barriers so the socially exduded can access the services they need.
Provide coaching to service users who request it.
Provide services in The Basement for service users to access.
Provide a drop in lounge for service user respite and acc8SS to support
Provide kitchen facilities so that service users may prepare a meal for thomselves.
Provide shower and laundry facililies to rough sleepers.
Fundraising Activities
The stat8ment of financial activities gives details of income and expenditure for this year.

THE BASEMENT ADVISORY CENTRE
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024
The Basement continues to source funding from grant making trusts in order to develop and
enhance the services currently available to service users.
FINANCIAL REVIEW
Total income for the year was £25,939 (2023: £70,693) of which £10.500 (2023: £24,455)
related to funding for projects upon which restrictions are placed.
Total expenditure for the year was £72,341 (2023: £72,573) leaving a deficit for the year of
£46,402 (2023: deficit £1,880).
At 318t March 2024 the charitable CoMpan￿S reserves stood at £12,479 (2023: £58,881) of
which £64 (2023: £14) represented restricted fvnds.
Risk Managament
The main risks to which the charity is exposed as identffied by the Trustees have been
considered and systems have been established to mitigate those risks.
Reserves Policy
It is the policy of th8 charitable company to maintain unrestricted funds, a level that covers
redundancy provision and allows the charity to continue its activities for three months should
no further funding be re￿ived.
As at the end of the financial year the unrestricted funds totalled £12,415. The charitable
company requires a provision of £9,723 for three month's running costs & £999 redundancy
costs (Total £10,722)
Investment Policy and Objectives
The trustees have the power to invest monies of the scheme, not immediately required for its
pU￿ose, in or upon such investments, securities or properties as may be thought fit, subject to
such conditions (if any) as may for the time being imposed or required by law.
PLANS FOR FUTURE
The trustees aim is to focus on the development of the charity and enhancement of services on
offer to hom8less people or those that are vulnerably housed. We will continue to work close5y
with our existing partners and we aim to develop new partnerships.
The plans for the year ahead are to continue to support service users by offering our Mindful
Coaching Services Program. We will work with others to identify any gaps in provision and work
with local agencies and funders so that the needs of our Servi￿ users are met. We will continue
to build meaningful and productive relationships to deliver appropriate crisis interventions,
support, advice, and advocacy. We will continue to research services on offer in other regions
and explore different models for meeting the needs of service users.
STRUCTURE. GOVERNANCE AND MANAGEMENT
The Basement Advisory Centre is a charitable ￿MpanY limited by guarantee (registered in
England and Wales, No. 03642747) ino)rporated on 1 St October 1998 and having registered as
charity (nurnber 1075052) on 12th April 1999.

THE BASEMENT ADVISORY CENTRE
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
ST
The company was established under a Memorandum of Association which established the
objects and powers of the company and is govemed by its Articles of Association. The
Memorandum and Articles of Association were amended by Special Resolution on 28th
January 1999.
Governing document
The Charitable Company is administered by a board of trustees. The board meets monthly and
there are sub-committees covering p8rsonn81, fundraising and finance. A Business
Development Director is appointed by the trustees to manage the day-to-day operations of the
charity. To facilitate effective operations. the Business Development Director has delegated
authority, within the terms of delegation approved by the trustees, for operational matters
including financ8, employment and development of the project.
Trustees, induction and tralning
A skills audit ensures that recruitment of board members is targeted at people with skills
relevant to the charity. New trustees undergo an orientation day to brief them on their legal
obligations under charity and company law, the content of the Memorandum and Articles of
Association, the committee and decision4naking processes. the business plan and recent
financial perfonnance of the charity. During the induction day they meet key 8mployees and
other twstees. Trustees are encouraged to attend appropriate extemal training events where
these will facilitate the undertaking of their role.

THE BASEMENT ADVISORY CENTRE
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Name
The Basement Advisory Centre
03642747
Company Number
Charity Number
Reglstered Office
1075052
56 - 60 Parr Street
Liverpool
Merseyside, L14JN
The Board of Trustees are also its Directors. Members are el8Cted
by the Annual General Meeting of the members of the council in
accordance with the Articles of Association.
W R Christopher
T K8nward
D Lewis
G Monaghan
K Moores
Board of Trustees
Trustees
Company Secretary
Independent Examiner
G Monaghan
MTS Ying Huang. ACCA.
LCVS,
151 Dale Street
Ltverpool, L2 2AH
HSBC Bank
99-101
Lord Street
Liverpool
Merseyside
L2 6PG
Bankers
Slgned on behalf of the Board of Trustees on
D Lewis, Trustee

THE BASEMENT ADVISORY CENTRE
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Company law requires the trustees to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the Charitable company as at the
balance sheet date and of its incoming resources and application of reSoUr￿s, including
income and expenditure, for the financial year. In preparing those financial statements, the
trustees should follow best practice and:
select suitable accounting policies and then apply them consistently;
observe the methods and principle in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the company will continue as a going concem:
state whether applicable accounting standards have been followed, subject to any materlal
departure disclosed and explained in the financial ststements.
The Trustees are responsibl8 for maintaining proper accounting records which disdose with
reasonable accuracy at any time the financial position of the charitable company and to enable
them to ensure that the financial statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Charities Act 2011, Companies Act
2006, Accounting and Reporting by Charities: Statement of Recommended Practice (SORP
2015) applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective from 1st
January 2019.
Signed on behalf of the Board of Trustees
D Lewis
Trustee
56 - 60 Pa￿ Street
Liverpool
Merseyside
L14JN
Date:

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE BASEMENT ADVISORY CENTRE
I report on the accounts of the charitable company for the year ended
31st March 2024, which are set out on pages 7 to 17.
The trustees (who are also the directors of the company for the
purposes of company law) are responsible for the preparation of the
accounts. The trustees consider that an audit is not required for this
year under section 144(2) of lh8 Charities Act 2011 (the 2011 Act) and
that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act,
to ft>llow Ihe procedures laid down in the general Directions given
by the Charity Commission (under section 145(5)(b) of the 2011
Act, and
to state whether particular matters have come to my attention.
My examination was carried out in accordance with general Directions
given by the Charity Commission. An examination includes a review of
the accounting records kept by the tharity and a comparison of the
accounts presented with Ihose records. It also includes consideration of
any unusual items or disclosures in the accounts,and seeking
explanations from the trustees COn￿mIng any such matters. The
procedures undertaken do not provide all the evidence that would be
required in an audiL and consequently no opinion is given as to whether
the accounts present a Irue and fairf view and the report is limited to
those matters set out in the statement below.
Res
res
onsibilities of
trustees and
examin8r
Basis of
inde
examinerfs
statement
Inde
examinerfs
statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in, any material
respect, the requirements:
to keep ac(x)unting records in accordance with section 386 of
the Companies Act 2006; and
to prepare accounts which accord with the accounting records
and comply with the accounting requirements of section 396 of
the Companies Act 2006 and with the methods and principles of
the Statement of Recommended Practice: Accounting and
Reporting Charities
have not been met; or
(2) to which. in my opinion, attention should be drawn in order to
enable a proper understanding of the accounts to be reached.
Name: Mrs Ying Huang
Relevant professional qualification or body: ACCA
Address: clo LCVS,151 Dale Street. Liverpool, L2 2AH
Dated:
..L)..3/.1112c3Jfr.......

THE BASEMENT ADVISORY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE)
FOR THE YEAR ENDED 31ST MARCH 2024
Notes Unrestricted Restricted
Funds
Funds
2024
2024
Totsls
Totals
2024
2023
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
1,140
3,590
10,709
1,140
14,090
10,709
27,341
25,651
17,701
3b
3c
10,500
Total income
15,439
10.500
25,939
70.693
Expenditure on:
Charitable Activities
61,891
10,450
72,341
72,573
Total expenditure
61,891
10.450
72,341
72,573
Net incomel(expenditurn), net
movement in funds
50
(46,452)
(46,402)
{1,880)
Total funds brought fO￿ard
58,867
14
58,881
60,761
Total funds carried forward
7-9
12,415
12.479
58,881
The notes on pages 9 to 17 fonn part of these accounts. All the above amounts relate to
continuing activities of the charitable company.
The statement of financial activities also complies with the requirements for an income and
8XP8nditure account under the Companies Act.

THE BASEMENT ADVISORY CENTRE
BALANCE SHEET AS AT 31ST MARCH 2024
COMPANY NO. 03642747
Notes
31st March 2024
31st March 2023
Flxed Assets
Tangible fixed assets
194
287
Current assets
Debtors
Cash at bank and in hand
15.245
62,471
15,245
62,471
Current Ilabilities
Creditors: amounts falling
due within one year
(2.960)
(3,877)
Net current assots
12,285
58,594
Total assets less current
liabilities
12,479
58.881
Funds:
Unrestricted funds
Restricted funds
12,415
58,867
14
12.479
58,881
These financial ststements have been prepared in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS102).
These accounts have been prepared in accordan￿ with the provisions applicable to small
companies subject to the small companies, regime and in accordance with FRS102 SORP.
For the period covered by these accounts the company was entitled to exemption under
section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in
question in accordance with section 476 of the Cornpanies Act 2006.
The trustees, who are the directors of the company, acknowledge their responsibility for
complying with the requirements of the Act with respect to accounting records and the
preparation of financial statements.
Signed on ￿half of the Board of Trustees on l...F4q,)MkK'r..W24
D Lewis - Trustee

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
1. Limited Llabilty
The charty is a company limited by guarantee. Each memberfs liability is limited to £10.
2. Accounting Pollcies
Basis of accounting
The accounts have been prepared under the historical cost convention with items
recognised at cxjst or transaction value unless otherwise stated in the relevant note(s) to
these accounts. The financial statements have been prepared in accordance with the
Statement of Recommended Practice: Accounting and Reporting by Charities preparing
their accounts in accordance wtth the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS102) effective from 181 January 2019 and Charities Act 2011
and the Compani8s Act 2006.
The accounts are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for Charities applying
FRS 102 Update Bulletin 1 not to prepare a Stat8ment of Cash Flows.
Going concern
At the tim8 of approving the accounts, the Trustees have a reasonable expectation that
the Charitable Company has adequate resources to continue in operational existence for
the foreseeable future. The Trustees have therefore adopted the going con￿rn basis of
accounting in preparing the accounts.
Fund accounting
Unrestricled funds are the chaiity's free reserves available for the trustees to apply in
accordance with the charitable company's chaiitable objectives.
Restricted fvnds are subject to specffic restrictive conditions imposed by the donor. All
restricted funds are accounted for as restricted income and expenditure for the PUTposes
is charged to the fund.
Income recognition
All income is recognised once the charity has entitlement to the income, there is
sufficient certainty of receipt and so tt is probable that the income will be received, and
the amount of income receivable can be measured reliably.
Donations and legacies comprise of donations and general grants which are recognised
in th8 accounts when re￿ived, with the exc8ption of known legacies which are
accounted for when their receipt is certain.
Income from charitable activities is recognised on an accruals basis except for grants
receivable, which are recognised on the date on which their unconditional payment is
confirmed by the donor.
Income from other trading activities relates to rental income and is recognised when the
amount is certain.

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
Expenditure recognitlon
Liabilities are recognised as soon as there is a legal or constructive obligation committing
the charitable company to that expenditure, it is probable that settlement will be required
and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses, including support
costs and governan￿ costs, are alloGgt8d or apportioned to the applicable expenditure
headings in the Statement of Financial Activities. Support and governance costs are
applied to unrestricted funds unless specifically included in the restrictions, as specifsed
by the donor.
Expenditure on charitable activities relate to the operation of the charity comprising of
direct charitable expenditure to meet the objectives of the charitable company. Support
and governance costs relate to the management and operation of the organisation and
also compliance with constitutional and statutory requirements in producing the annual
report. These are dealt with in the Statement of Financial Activities when payment has
been approved by the charitsble company.
Fixed Assets
Capital expenditure over £250 is stated in th8 balance sheet at cost less
accumulated
depreciation. Depreciation is provided to write off the cost of each asset over its
expected useful life as below:
Fixtures, Fittings & Equipment
Improvements to Leasehold Property
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other
short-term liquid investments with Original maturities of three months or less, and bank
overdrafts.
25% per annum reducing balance basis
straight line basis over 3 years
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial
Instruments, and Section 12 '0ther Finanaal Instruments Issues, of FRS 102 to all of its
financial instruments.
Financial instruments are recognised in the charty's balance sheet when the charity
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financlal
statements, when there is a legally enforceable right to set off the recognised amounts
and ther8 is an intention to settl8 on a net basis or to realise the asset and settle the
liability simultaneously.
Bas(c flnancial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried
at amortised cost using the effective interest method unless the arrangement constitutes
a financing transaction, where the transaction is measured at th8 present value of the
future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
10-

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
Basic financial liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the
debt instrument is measured at the present value of the future receipts discounted at a
market rate of interest. Financial liabilities dassified as payable within one year are not
amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest
rate method.
Derecognition of financial Ilabilities
Financial liabilities are derecognised when the chaiity's contractual obligations expire or
are discharged or cancelled.
Taxation
Income and gains are exempt from taxation as they are received and applied for
charitable purposes only. The charitsble company benefits from various exemptions from
taxation afforded by tax legislation and are not liable to corporation tax on income 01
gains falling within those exemptions.
Critlcal accountlng estimates and judgements
In the application of the charitls accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carying amount of assets and
liabilities that are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to
be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis.
Revisions to accounting estimates are recognised in the period in which the estimate is
revised where the revision affects only that period, or in the period of the revision and
future periods where the revision affects both cutrent and future periods.
3. Income and endowments from
Unrestricted Restricted
Funds
Funds
2024
2024
Totsl
Funds
2024
Totsl
Funds
2023
a. Donations and legacies
Donations
1,140
1,140
27,341

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
b. Charitable activities
Big Lott8ry Fund Grant-
Awards for All
Liverpool City Council-
Community Resource Grant
Room Hire
Steve Morgan Foundation
3.030
10.500
10,500
3,590
10,500
1,196
10,925
3,590
3.590
10,500
14,090
25.651
c. Other tradlng actlvities
Rental income
10,709
10,709
17,701
4. Expenditure on Charitable Activities
Direct Support &
Charltable Governance
Expenditure
Costs
Total Total
2024
2023
To educate the public conceming
the nature, case and effects of
homelessness, human suffering,
poverty and distress.
61.989
10,352 72,341 72,573
. Analysed as follows:
2024
2023
Direct chantable expenditure."
Staff salary costs
Pension
Building Running costs
36,800
730
24,459
44,862
971
13,576
61,989
59.409
2024
2023
Support & Govemance costs.-
Office costs
Travel expenses
Training
Insurance
Donation
5,886
58
6,333
25
2,221
1,629
216
1,452
12-

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
Continuation Support & Governan￿ costs."
Activities
Bank fees
Refreshments
Subscriptions
Legal and professional fe&s
DBS fees
Payroll fees
Accountancy
Loss on Disposal of f￿ed assets
Depreciation
71
62
774
61
681
251
49
16
540
1,265
29
489
1,200
96
10,352
13,164
Total expenditure on charltable actlvities
72,119
72.573
£10,450 (2023: £28,320) of the above expenditure relates to restricted funding.
b. Analysis of staff costs
2024
2023
Gross Wages
Social Security Costs
Pension
36,800
44,862
730
971
Total
37,530
45.833
c. Particulars of employees:
The average number of employees during the year, calculated on the basis of full-time
equivalents, was as follows:
2024
2023
Charitable activities Staff
No employee received emoluments of more than £60,000 during the year (2023: nil)
The Trustees, being also directors, are not remunerated for their services and are not
included in the above number of employees.
No out4)f-pocket expenses were reimbursed to tfustees in the year (2023: £nil)
13

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
5. Tangible fixed assets
Fixtures,
Fittings &
Equipment
Improvements
to Leasehold
Property
Total
Cost
Balanc8 at 1st April 2023
Additions
Disposal
38.849
282.194
321 ,043
(1.610)
(1,610)
Balance at 31st March 2024
37.239
282.194
319,433
Accumulated Depreciation
Balan￿ at 1st April 2023
Charge for the year
Disposal
38,562
282,194
320,756
(1,581)
(1,581>
Balance at 31st March 2024
37,045
282,194
319,239
Net Book Value at 315t March 2024
194
194
Net Book Value at 31st March 2023
287
287
A deed of assignment of beneficial interest dated 29th January 2016 has been declared
stating a one third ownership of 56 - 60 Parr Street Liverpool. Valuation of which cannot
be ascertained.
6. Creditors: amounts falling due within one year=
2024
2023
Accruals
Social Security costs
2.649
311
3,566
311
2,960
3.877
14-

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
7. Analysis of net assets
2024
Tangible Fixed
Assets
Net Current
Assets
Total
Unrestricted Funds
General Fund
194
12221
12,415
Restricted Funds
Liverpool City Council -
Community Resource Grant
Total Funds
194
12,285
12,479
2023
Tangible Fixed
Assets
Net Current
Assets
Total
Unrestricted Funds
General Fund
287
58,580
58,867
Restrlcted Funds
Liverpool Cty Council
Steve Morgan Foundation
14
14
Total Funds
287
58,594
58,881
8. Unrestricted Funds
Movements in the Year
Income Expenditure
2024
Reserves at
the beginning
of the year
Reserves
at the end
of the year
General Fund
58,867
15N39
(61,891)
12,415
Movements in the Year
Income Expenditure
2023
Reserves at
the beginning
of the year
Reserves
at the end
of the year
General Fund
56.882
46,238
(44.253)
58,867
15-

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
General Fund is used to finan￿ the charitable company's general activities as outlined in
the Trustees, Report.
g. Restrlcted Funds
Movements in the Year
Income Expenditure Reserves at
the end of
the year
Reserves at
the beginning
of the year
2024
Liverpool City Council -
Community Resource
Grant
Steve Morgan Foundation
10,500
(10,443)
(7)
14
10,500
(10.450)
Movements in the Year
Income Expenditure Reserves at
the end of
the year
Reserves at
the beginning
of the year
2023
National Lottery Fund
Grant- Awards for All
Liverpool City Council -
Community Resource
Grant
Raindance Charitable
Trust
Steve Morgan Foundation
3,030
(3.717)
63
10,500
(10,556)
(1)
(14,046)
3,128
10,925
3,879
24,455
(28.320)
14
Descrlption of Funds
These are monies given to the charitable company to be spent at the discretion of the
Board of Trustees for specific charitable purposes, as follows:
National Lottery Fund Grant - Awards for All - Funding towards Consultancy fees,
printing, stationary and refreshments
Llverpool City Council - Community Resource Grant - Contribution towards salaries
costs. Expenditure comprises
Steve Morgan Foundation - Contribution towards salary costs
Raindanco Charitsble Trust - Contribution towards (x)re costs.
16-

THE BASEMENT ADVISORY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
10. Operating Lease Commitments
The lease of 56-60 Parr Street, Liverpool expired in October 2021. Currently is undei
negotiation.
11. Related Party Transactions
There were no related party transactions during this or the previous year.
12. Contingent Liabllities
During the financial year there are no contingent liabilities at 31st March 2024 (2023: nil).
13. Guarantee
As at 31 sl March 2024, 5 members had given a guarantee of £10 each in the event of the
company winding-up. Total: £50 (2023: 6 members £60).
17-