Charity Reglstratlon No. 1077335 Company Registration No. 03826371 (England & Wales) Liberty Tea Rooms and Community Hub Trustees, Report & Accounts st For the year ended 31 October 2024
Liberty Tea Rooms and Community Hub Contents Trustees Report Statement of Trustees Responsibilities Independent Examiners Report Statement of Financial Activities 9-10 Statement of Flnancial Position 11 Notes to the Accounts 12-18
Liberty Tea Rooms and Community Hub Legal & Administrative Information Trustees Mr Mark Kitson Chair Miss Astria Archer Mrs Pauline Bowles Mr Michael Burgess Mrs Helen Fellows Mrs Nikki Jefferson ( formerly Daly) Mrs Deborah Wood -resigned 24th April 2024 Mr Martin Warner - resigned 26th Febraury 2025 Mrs Helen Fellows Mrs Helen Fellows Treasurer Secretary Charity Number 1077335 Company Number 3826371 Prlnclpal Address 12 Bank Court Hemel Hempstead HP11BS Ind6pendent Examlners HB Accountants Plumpton House Plumpton Road Hoddesdon Hertfordshire EN11 OLB Bankers Metro Bank 56-58 Marlowes Centre Hemel Hempstead HertFordshire HP1 1 DX Page 1
Liberty Tea Rooms and Community Hub Trustees Report for the year ending 31st October 2024 St The trustees present their report and accounts for the year ended 31 October 2024. The accounts have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity's trust deed, applicable law and the requirements of the Statement of Recommended Practice, "Accounting and Reporting by Charities" issued Maich 2005. The trustees have due regard to guidance published by the Charity Commission on public benefit. Structure, Governance and Manaoement Libety Tea Rooms & Community Hub (LTR&CH} is a company limited by guarantee. Trustees The trustees who Seed during the year and up to the date of signature of the financial statements were., Mr Martin Warner- Chair - resigned 26th February 2025 Miss Astria Archer Mrs Pauline Bowles Mr Michael Burgess Mrs Helen Fellows Mrs Nikki Jefferson Mr Mark Kitson - appointed 12th June 2024. Chair w.e.f 26th February 2025 Mrs Deborah Wood - resigned 24th April 2024 Trustees are appointed and removed by the Board of Trustees as outlined in the Articles of Association. The charity makes use of Charity Commission resources to inform and educate trustees about th&ir responsibilities and assist them in their trustee role. Management Governance of the charity Is undertaken at regular trustee meetings giving consideration to legal, financial, regulatory, risk and strategy matters. Operational matters, including implementation of trustee decisions, are delegated, and undertaken primarily by the CEO Mr Owen Cooper, with assistance of the trustees and others. Following the resignation of mr.owen Cooper wef 1 st August 2024 Mrs Jacquiline Sheppard and Mrs Christina Bird carried out these functions until the appointment of a new CEO, Mr Richard Evans on 5th January 2025, Page 2
Liberty Tea Rooms and Community Hub Trustees Report for the year ending 31st October 2024 Purposes of the charity a) To promote the relief of those in need, hardship, distress, or other disadvantage due to youth, age, financial hardship, povety, illness, disability, or homelessness. b) To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving Ihe need8 of those people who are soclally excluded and assisting them to integrale into society. For the purpose of this clause 'socially excluded. means being excluded from society, or parts of society, as a result of one of more of the following factors.. unemployment; financial hardship; youth or old age; ill health (physical or mental). substance abuse or dependency including alcohol and drugs; poor educational or skllls attainment; relatlonship and family breakdown; poor housing; crime (either as a victim of crime or as an offender rehabilitating into society), c) The relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment. d) To promote and fulfil such other charitable purposes beneficial to the community in the said location or elsewhere as the trustees may think may appropriately be carried out in onn8ction with the main objects at (a, b, c) above. Achievement and Performance Report by the chairman Mark Kitson: In a time of increasing challenge in our communities, we have seen a year of tremendous change at the Libety Tea Rooms and Community Hub. Despite all of these challenges we remain committed to supporting the people of Hemel Hempstead, working in partnership with churches, charities, businesses and our local authorities. In July 2024 Kerry-Ann and Owen Cooper, the founders of the charlty, began a phased departure from the charity to enable them to relocate and begin the next phase of their lives. Jacqui and the team provided outstanding support to the people they served and the trustees during this period while we searched for a new CEO. In January 2025 Richard Evans joined us as CEO, bringing significant charity, church and operational experience to lead the team Into the future. In February 2025 Martin Warner, our chalr of trustees, also stepped down in order to relocate, and I took over the role. As an experienced charity professional and board chair I very much hope I can help Richard and the board in every way possible. Our sincere thanks go to Kerry-Ann, Owen and Martin without whom we wouldn't be here today. Pago 3
Liberty Tea Rooms and Community Hub Trustees Report for the year ending 31st October 2024 Report by the chairman Mark Kitson continued: The Gharily has a strong team, solid impact results and stable finances but we face some challenges: we are now entering into second phase leadership as an organisation and we need to retain what has made us special while also enhancing it; we are seeing the causes of financial and personal povety becoming more cornplex and need to broaden our support servlce offering; and Ihe economics of our town centre are changing and we need to relocate to a more fit for purpose and high footfall location in order to meet more clients and remain financially secure. These needs are shaping our current planning for the priorities of Great Team,. Growing Impact. and Sustainability and the Future. Finally, I need to express my deepest thanks, on behalf of the trustees, to all our employe3. our volunteers, partners and supporters who make it possible for us to carry on providing the support we do to the wonderful people of Hemel Hempstead. Mark Kitson Achievements and Performance in relation to the charity's objects.. a) To promote tho relief of those In naèd, hardship, distress, or other disadvantage due to youth, age, financial hardship, poverty, illness, disabillty, or homelessness. The provision of the lea rooms provided a safe and accessible space for those In need within the community, providing warm food and drink to Ihe homeless, access to facilities and acceptance by those who meet there. The LCMA centre began operating in September 2025 and has qulckly become extremely busy, soughl out by those in financial hardship. The CAP Money and Lifeskills courses provided coaching and mentoring lo those seeking to improve their budgeting skills and life skills,including cooking and 'living on a budgel,. The charity operated as a Foodbank distribution centre, open on Saturdays when the main centre was closed. The charity coordinated and part-funded hampers for local familles struggling with poverty especially during holiday periods. The charity worked with Dacorum Police, providing space to have a 'cuppa with a copper, and providing a chaplaincy service unlil July 2024. The charity continued to work with Oaklands college to provide opportunities for students primarily young adults, to gain valuable working experience as volunteers in the tea rooms. Page 4
Liberty Tea Rooms and Community Hub Trustees Report for the year ending 31st October 2024 Achievements and Performance in relation to the charity's objects continued.. The charity worked extensively with Dacorum Boiough Council to promote the borough as a good destination for business, and in relation to helping those in hardship within the community. In addition the charity partnered with the following organisations during the year.. Social Services Local school family support teams Volunteer Centre Hemel BID Dacorum Community Trust SANDS Cornergate Foundation (Helping Ex-offenders) Hertford5hire Community Foundation Churches Together Hemel Hempstead. b) To promote social inclusion for the public beneflt by preventlng people from becoming socially oxcluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. The charity continued to Operate a group, 'Living Out Loud, for young people fe&ling soclally excluded. Vartous groups met at the tearooms as it providcd a space for those with passions to share them. Groups included 'Knit & Natter,, 'Board Games with a Brew, 'Yarnbombers and Bookworms. The partnership with University of Hertfordshire continued as more Occupational Therapy students carried out a ten-week placement gaining valuable experience in. helping those in need. c) The relief of unemployment for the beneflt of the publlc In Such ways as may be thought fit, including asslstance to find employment. Through partnership with many local agencies the charity recruited, trained and sought to develop volunteers from diverse backgrounds and with diverse challenges with the aim of them finding pald employment. The charity maintained a close relationship with the local homeless charity DENS and provided a place for their financial inclusion worker to meet those facing homelessness and those with long-terrn reliance on the Foodbank Gentre. The charity worked in partnership with the South Hill Centre and Jobcentre to help those facing barriers to emplcyment, through the provision of money management workshops. Page S
Liberty Tea Rooms and Community Hub Trustees Report for the year ending 31st October 2024 Financial Review The attached accounts set out a detailed summary of the LTR&CH's finances for the year ending 31 sl October 2024.These show that the year showed an overall deflcil of £22,717 (2022123 surplus £28,853). The LTR&CH started the year with resereS of £81,019; by the end of 2024 these had decreased to £58,302. Total income was £185,678 (2022123 £220.965), a decrease of £35,287, 160/0, reflecting £19,8Jf3 de¢rease in daily donations to the tearooms, together with reductions in regular giving, £10,706 and fundraising events, £13,206. The reduction in income from these sources was partially offset by an increase in one-off donations of £8,772. Total expenditure was £208,395, (2022123 £194.112), a 7 % increas& reflecting a further 10 % increase in energy costs together with a 20 % increase in rent, which had been reduced during the pandemic period. Overall food,beverage and salary costs Increased 60/0 reflecting the increased rate of inflatlon and the return from malernity leave, partially offset by reduced FTE headcount. During the financial year Ihere was a decrease in financial support for the charity from tearoom visitors and churches reftecting the pressures of an increase in the cost of Ilvlng experienced by many in our community. The charity seeks to maintain reserves above £35,000, representing three months fixed costs. On behalf of the Board of Trustees Mark Kitson Chair of Trustees Date., 16th July 2025 Page 6
Liberty Tea Rooms and Community Hub Statement of Trustee Responsibilities The trustees are responsible for preparing the accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Law applicable to charities in England & Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the charily's financial activities during the year, and of its financial position at the end of the year, In preparing accounts giving a true and fair view, the trustees should follow best practice Select suitable accounting policies and apply them consistently Make Judgements and estimates that are reasonable and prudent State whether applicable accounting standards and statement of recommended practice have been followed, subject to any departures disclosed and explalned I the accounts. Th8 trustees are responsible for keeping accounting records that disclose with reasonable accuracy the financlal position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the accounts comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for Ihe prevention and detection of fraud and other irregularlties, Page 7
Liberty Tea Rooms and Community Hub Independent Examiner's Report to the trustees of Liberty Tearooms and Community Hub I report to the trustees on my examination of the financial statements of Liberty Tea sl Rooms & Community Hub (the charity) for the year ended 31 October 2024 which are set out on pages 2-18. Responsibilities and basls of report As the trustees of the charity (and also Its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with requirements of the Companies Act 2006 (the 2006 Acl), Having satisfiad myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I reporl in respect of my examination of the charitys financial statements carried out under section 145 of the Charities Act (the 2011 Act). In carrying out my examination I have followed all of the applicable Directions given by the Charity Commission under section 145(b) of the 2011 Act. Independent Examiners Statement I have completed my examination. I confirm Ihat no matters have come to my attention in connection with the examination giving me cause to belleve that in any material respect: 1. Accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or 2, The financial statements do not accord with those record; or 3. The financial slatem8nts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement thal the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination; or 4. The financial statements have not been prepared in accordance with the methods and principles of the Statement of Recotnmended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland(FRS 102). I have no concern5 and have Gome across no other matters in connection with Ihe examination to which attention should be drawn in this report in order to enable a proper understanding of the fi nci staternents to be reached. HB Accountants Plumpton House Plumpton Road Hoddesdon Hertfordshire EN11 Page 8
Llberty Tea Rooms and Community Hub temen for th Ye of Flna ren clal A esln er20 In andE Iture unt Unrestrlrted Restrirted Funds funds Notes TOTAL FUNDS 2023- 2024 2022- 2023 INCOMING RESOURCES Voluntary Income Other voluntary incorning rwurcY5 Re50urce.s from Charitable actlvlty Other Incomc Income from Investment 3(a) 3(b) 56,982 6,870 15,945 63,852 77,840 16,945 122,434 3,300 446 102,581 2,500 800 102,581 2,500 800 TOTAL INCOMING RESOURCES 162 863 815 185 678 220 965 RESOURCES EXPENDED ProvSslon of faclllues benefidal to the communlty The rellef of needs & hardshlp through CAP 7(a) 7(b) 172,723 2,533 33,139 175,256 33,139 177,876 16,236 TOTAL RESOURCES EXPENDED 172 723 35672 208395 194112 Nrr INCOMXNG/(OUTGOING) RESOURCES (9,860) (12,857) (22,717) 26,853 TRANSFERS NET XNCOMXNG/(OUTGOING) RESOURCES BEFORE OTHER GAINS AND LOSSES (9,860) (11857) (22,717) 26,853 GAINS AND LOSSES ON INVESTMENTS NET MOVEMENT IN FUNDS (9,860) (12,857) (22,717) 26,853 BALANCES BROUGHT FORWARD AT I NOVEMBER 2023 68,162 12,857 81,019 54,166 BALANCES CARRIED FORWARD AT 31 ocfoBER 2024 58,302 58,302 81,019 Page 9
Liberty Tea Rooms and Community Hub ntof nan esIn dln the Year end d 3 ober 20 co and Unrestrlrted Restricted Funds funds Year ended 31st October 2023 Notes TOTAL FUNDS 2022- 2023 2021- 2022 INCOMING RESOURCES Voluntary Tnr.ome Other voluntary incomlng rogources RetsOU5 from Charltable acuvity Other Income Income from Investment 3(a) 3(b) 59,634 18,206 L6,945 77,840 16,945 122,434 3,300 446 75,503 5,406 99,901 4,000 37 122,434 2,500 446 800 TOTAL INCOMING RESOURCES 185 014 35,951 220 965 184 847 RESOURCES EXPENDED Provlslon of faclllues beneficlal to the communlty The rellef of needs & hardshlp thr¢gh CAP 7(a) 7(b) 177,876 177,876 16,236 160,168 22,833 16,236 TOTAL RESOURCES EXPENDED 177,876 16,236 194 112 183 001 NFf INCOMING/(OUTGOING) RESOURCES 7,138 19,715 26,853 1,846 TRANSFERS 11,121 Cl1,121) NFf INCOMING/(OUTGOING) RESOURCES BEFORE OTHER GAINS AND LOSSES 18,259 8,594 26,853 1,846 GAINS AND LOSSES ON INVEsfMENTS NET MOVEMENT IN FUNDS 18,259 8,594 26,853 1,846 BALANCES BROUGHT FORWARD AT I NOVEMBER 2022 49,903 4,263 54,166 52,320 BALANCES CARRIED FORWARD AT 31 OCTOBER 2023 68,162 12,857 81,019 54,166 Page 10
Llberty Tea Rooms and Communlty Hub or nd Unrestrlcted Restrlcted Funds fundg TOTAL FUNDS 2023-2024 2022-2023 FIXED ASSErs Tanglble fixed assets li 3,018 3,018 4,532 CURRENT ASSEts stock Deblors Cash at bank and In hand 12 13 50 5,050 52,887 50 5,050 52,887 50 5,409 73,392 IIABILMES: AMOUNTS FALLING DUE wrrHIN ONE YEAR 14 2,703 2,703 2,364 NEf CURRENT ASSErs 55,284 5S,284 76,4 NEf ASSErs FUNDS Unrestrlcted Deslgnated Restrtcted 58,302 58,302 68,162 15 12,857 TOTAL FUNDS 58 81 19 The company is enlillod lo Ihe e¥ompllon from tho audlt requlremgnl con181nod In se10n 477 01 the Companl8s A¢1 2006, for Ihe y88r ended 31st O¢lr)ber 2024. No member ol Ihe company has dèposited a notlcÈ, pursuant lo secllon 478, requlring an audit of the88 aceounls. The trustees. iesponslbllllles for ensurfng thai the Charfty keeps accounting record8 which comply with section 388 of the Act and for preparing accounts which give 8 true and f8lr view of thè slele of alfairs of the company as al the end ol the linancial year and ol ils Incoming rosourc85 and appllcalion ol resources, including116 Incoma and expenditure, for tho fin8n¢io1 year In 8c¢ordanco with fequiiemenls of 8e¢llon$ 394 and 395 and whlch olhemso ¢omply wllh tho requirements of the Comp8nSes Act 2006 r8lalinu to accounts, so for as applicable lo the company. These 8coiunts have been pr8paied in accordance with the pmvis¢ons applicab18 to compani83 $ubJ8cI lo the small companla.4' regime. Approved by the trustees of the tharity on 16th Juty 2025 and slgned on Its behall by: Mark Kitson (chair) H Fellows (Treasurer) The note5 on pages 12 to 18 form part of accounts P8ge11
Llbety Toa Rooms Communlty Hub Notes to the Accounts for the Year ènded 316t O¢tobof 2024 Accountlng pollcles Charlty Informatlon Tho Liberiy Tearooms & Community Hub15 a company Ilmlled by guorenl¢g. A¢c¢unllng ¢onvontlon Thp 8ccounl8 have boon pr¢pgred In acccrdine£ wllh the chattils irusl deed, tha Charllle3 Act ?0118nd"AttounUng and RepotLlng by ChBrflles'. Slalemeni ol Rvcommqnded P1aCU Dppllcab16 to tharities preparing Ih81r BcrAunls in ac¢ordanr th Ihe Flnanclal RepoTUng Slandard applicable In the UK and Republic of Ireland IFRS 1021" las amendcd for 8ccounbng perio(Is commcnclng from 1 JanuBry 2019). The charityls a Publlc B8nefil Entity 85 deflned by FRS 102, The Chafity has lak¢n adv8nl80¢ ol th• provi$lons In Ihe SQRP for charill¢$ applylng FRS 102 Updalo Bull8lln 1 nol lo prepare Slalemenl ol Cosh Flow5. Thts accA)unls have departed Irom the Chartlle$ IAccounl8 and Reports) Regulatton8 2000 onty lo the exlenl rpqiiwj lo provlde a truo and folr vlew. Th1% departure hag irtvofved follo7n9 thc Stalem8nl ol Rccommended Practtce foi ¢harfll&s Hpplwng FRS 102 rolhei Ilian the vetslon of Ihe Slat8menl ol R8commended Piacllce which15 refarfed lo In the Reoulallons bulwhlch ha8 8ince boon wllhdr8Wn, The a¢counls aro prep8red In sleiwng whlch18 the funcllonal currency ol the ¢horily. Mcnglary amounls In these fjnandol 81Alennl8 afe founded lo the nepr881 E. The accoun18 hav¢ beon pmpkred undor Iho h1810rttsl eA)sl conventlort. Tho prfndp81 accounilng portcle8 adopted are sel o ljelow. Golng ¢¢nc?rn Al Iho Ilme of approvlfjg th8 ac¢ounls, the InJslee8 have a aSOn8b16 &xpeclallon Ih&l th¢ ¢harity h88 Bdèquèie re8oure¢s lo ¢onllnue In opgrotlonol cxi31ence for Ihe lore8ee8bl8 lulure. Tlius1118 Iru81ees conllnu8 to adopt the golng ¢oncgm bthsis of ccL)unllng In prepnrfng Iho accounts. Charltoblo lund8 Unreslrf¢led lund$ are av8llablè lor use ai Ihe dlscrellon of the Iw$le89 In lurlhefan¢a ol Iholr chari18ble objeellvèg unless Iho fvnd5 havo been deJlgn4led lor olher purposes. R¥slrlclcd knd8 nio 9uble lo 6p¢cifio condttlon$ by ¢Jonor8 09 to how they may be uAed. Tho pOSe¥ and UB8 of Ihe re51titlBd fullds are strl out In the nole81o Ihe account3. In¢omlng r8soureo¥ In¢ome18 i¢¢agnlsed whèn tho ¢herfy Is l¢gJlW enlillod 1011 after ony pOrfoanCe condlllons have been mel, Ihè mounlo can be méaaud rellably, knd11 Is proboble Ihal Income will be iocelved. C8$h don8Uon$ aro recognised on io¢xipL Other donotyons arg mcognised On Ihe cliarfty has been nolifi$d ol the donallon, unl¢¥¥ perfominrK condliions r¢qulm d&lerrAI 0111 4mounl. Income lax r¢¢ovorablo in relallon lo donallons rec¢ived under GS11 Ad Is recognlsed al th8 Ilme ol the donallon. Turnover la m&osui&d ai the latr vilué ol the con$ideiallon iecelved or recolvable and repreienls amoun18 ro[Vable lor goods and 3eNlcex provlded in Ihg nom81 couise ol bu8lne88, net ol dlscounls, VAT ond other salg8 rel8l¢d laxvjs. Resourceg exp?nded Ekptrngos ar• Induded In Iho finDndol $18Wmvriti •• they become 0. Expens•8 In¢iudO VAT wnere oppll¢4bi• 4$ Ihe charfly eannol re¢lalm11. Tanglble flxod 88sets Tanglble fixed assels are knlllally measured 01 cosl arKI Subsequenuy mea5urod ai cost or valuation. nel of deprpclalion and any Impairment lo88es. D¢pr8dailon15 recognbed so a8 to wrtle ofl the cost or valuallon of assals Ipss Ihelr re$lduo1 values over Ihalr uselul Ilval on lh¢ lollowng basls.. Fmures, 15111ws and equlpmenl 230¥0 P.¥. on a rèdutsn9 balan baiB. The gain or108s arising on the dispos81 of an 85sel18 delemlne(S a5 the dlfference behvoen Ihe 5a18 proceeds and Ihe carrylng value of Ihg 8$s&t, 8nd 1$ r¢¢oynlsed in nel In¢omoll¢xp¢ndllure> lor Ih? year Pag8 12
Llberty Tea Rooms comrnunity Hub Notss to tho Accounts forthe Yeor ènded 31$t October 2024 Impalrment ol flxed a$$ots Al each reportlng end dale, Lhe Charity revicws Ihe c4Thying amounts of It8 langible asséts to delemjino whether there Is any Indicalion Ihal IfK)se 8sg815 have suffered an impHlm7onl loss. If any such Indiralion 8ylg18. the re¢overtttyle atnounl of the 85sel 19 esumaled in ordef lo delemiino the extent ol the impairmenl10$s {il any). Ca8h and cayh equlvalonts Cash and Cash equlvèlenls indude ¢88h In hand and deposiis held 81 call vAth b8nks. Flnancial Instruments Tno charlty ho8 elecled to apply Iho provisions of Seclion11 'Qaslc Flnancial InslrumeTrls' and 98cllon 12'01her Flnanelal In8lrum¢nls l$suos' Of FRS 10210 811 of118 finarrial Inslrumenls. Flnanclal Inslwmenls ore recognlsed in Ihe chorills balanco sheei when Ihe chartty becomes paty lo the ¢onifxeiuAI proviiions ol th& Instsurngnl. Fln8neJ31 assots anrl li&bllllles are off5el, llh the n61 ainoviils pro8onled In Ilnond¥l 818lemenl3, when theio is a logally gnforce¥ble rfghl lo sel off Ihe recognlsed 8m(wnlg and there Ss an Inleniion 10 8eltlo on a nel basls or lo ieali8e the 86s&l and 8elll8 Ihe118blllty 8lmultan¢ously, Ba8lc flnanclal essets Baslc IlnonEial I818. wlilch Includo deblors An ¢ash ond bank balances. nre Inthal Me85uied at tr8n$8clion prfco Including IrAnsaclion coBi8 and ar• 8ubs¢qugntly ¢fJth¢d al omort18ed $1 uslna the eltedlve inlere51 rneUN unless Ihe hriangemenl conslllules 8 financlng Iransacllon, where Ihe Ironso¢tion Is measured al Ihe pre$¢nl valuè ol the fulufts re¢&lpl8 discounted 81 a martèl rale ol Iniorest. Flnonclal 88selts cladfled a8 rec¢lvablo w51hln one ar afa nol 8mDrllsgd. 8ask Iln4nclalll8bllltles Basic nngncial IIDbllMos. including ctsdilor¥ and bank loans are inilially rncogn4scd al Iransacllon Prf unle88 Ihg &rranuomonl con$UluleJ b finonclng Iran58¢llon, wheie Ilie debt Inslrumenl Is mBasured al Ihe prosenl valuo ol lh& luluro paymonls di8counled 81 a m8rkel rate of Inte61. Fln•n¢lal Ilablliliej ¢la$$lffled ?8 p8yablè wlhln ono year ar¢ not amortl$od. Debt inslrurnenl8 #r• subsoouenlty ¢orrfed Èt arnortlsed cA>sl. uslng th& oifecllve Inl•rJl rale Melhod. Trade etsdilors are obligallons lo pay forgoods Of $8rvlccs Ihal have beBn aMulred In the OTdlnary cou¢se Df opBrutlons from suppliers. Amount$ payablo are cl85Elfled as cuffenl Ilabllllles il paymeni Is duo thIn on¥ ygar Dr les5. 11 not, they are presonled as non.euryenl Ilabllllles. Trodè credllofs &r8 r8eogni8ed Inltlomy 81 Iran88cilon pnco and 8ub8equentty measurèd al amort5sed ¢osl u$lng Ihe offeciivo Inlerejl method. Derecognlilon olllnan¢lal Ilabllltlos Finandal liabiliti are dere¢ogiilsed when the contr8Ctuil obligallons oxpiro oroie dischaad or cancelled. 1,10 Employee benefltA Th6 cosl ol any unus¢11 hollday oniiiiomenl 1$ re¢ognl8ed In tm perlod In whlch the employeo's 8eNlc6g are reeAIv8d. Pay7nenis to deffn¥il conlfibullon rollremenl benofil 8ehcrncs are chBrged a5 8Kpenseo as they lall due. TÈmlnatlon benellls a reCn[sd Immedlalety Bs on expells8 when Ihe chmrfty 1$ demonstrabty ¢omrnltted lo lerminsle Ihe &mploym8nl of on employee orlo provlde lemiinalioft benefjls. 1.11 Loas•8 RenlAlS pay&ble und¢r op8rollng le8se5. Including any lease iftcenllv08 ratolve(l. ale ch8roed lo Income oft a 5tr8lghl line basls OVOf Iho t¢.nn of the relevhnl lease. Crltlcal accounting estlmates and Judgements In Ihe appllcallon of the ¢harily'$ aceounllng polldes. the Iruslee8 8re requlred lo m8ke lthagemènls, estIaleS and assumpllon8 ebolll Ihe carylnu amount of assets and Ilabllllleg th818re noi re8dlly apparent from other sour¢es. The pslimale5 and a$¥odaled assumpttons are based on hislurfcal experfence and olhÈr faclor8 Ihal ale conskleied lo bè relevanl. Actual resu118 may dlffer ITOM Ihese esllmales_ Tn8 e811rnale$ and w1c1erfng as8umpllons Dre re4w8d on an ongolng b88is. Revlslons to accounllng estima195 are recognlsed In Ihe peflod In whteh Ihe esllmaie Is revised w]re the revision 8ffe¢ts only Ih8l p•riod. or In ltte F*dod ol Ihg revlglon and futur• Pa0d$ where tho ffjvlslon affec1$ both cfftnt and fulure perfod$. Page13
Liberty Tea Rooms and Community Hub For the year ended 31st October 2024 TE TI Unrestricted Restricted Funds Funds Note TOTAL FUNDS 2023-2024 2022-2023 3(a) Voluntary Income Donations: Regular monthly giving One-off donations Donatlons through Stewardshlp Servlces One -off events & fundraislng Income tax reclaimable 980 5,890 8,007 31,031 18,713 22,259 25,141 4,810 1,602 18,402 4,810 1,602 18,402 4, 198 15,411 17,259 other voluntary Incomlng 3(b) resources Grants Legricies 15,945 16,945 ,945 Income from operating activitles: to further the councll's 4 objects Llberty Tearooms donatlons 102,581 102,581 122,434 io 581 5 Other Income Local Government Suppurt 2,500 2,500 3,300 500 2,500 6 Income from investment Interest receivable 800 80Q 446 800 44 TOTAL INCOMING RESOURCES 162 863 22,815 185 678 220,965 Page 14
Libeity Tea Rooms and Communlty Hub For tho year endcd 31st October 2024 TH Note Unrestrlcted Restrlcted Funds funds TOTAL FUNDS 2023-2024 2022-2023 RESOURCES EXPENDED Costs relatlng to purposes bencflcial to 7(a) the communlty: Rent Elgclricily and Water Insurance Webslle and IT Travel and parking Smr111 FqLilpmenl and repalr8 CleaninglRefusp. Dlsposal Publicity & Piinllng Tea Room Food Beveragg Tea Room consumablos Fund r818lng Costs Salafles, Nl and penslon Govftmance costs DeprL)cialion Training and mcolings LTR Moblles Sundry costs 17,818 13,464 1,826 988 1,743 7,770 839 1,632 2G,889 1,882 77 88,485 1,499 17,818 13,464 1,826 988 1,743 7,770 839 1,632 27,522 1,882 77 90,385 1,499 1,514 1,373 2,173 2,751 11,836 12,2B5 1,771 703 3,290 2,733 1.070 26,046 4,281 450 105,698 1,260 1,202 868 2,173 1,641 G33 1,900 1,373 2,173 2,751 23 175 56 177.8 The relief of needs & hardshlp through 7(b) CAPILCMA Salaries, Nl and p&nslon HO fees Depreclallon Sundry Costs 26,616 5,080 26,616 5,080 5,072 7,680 251 3,233 236 I,H3 .139 1,443 TOTAL RESOURCES EXPENDED 172 723 35,672 208 395 194 112 Page 15
Liberty Tea Rooms and Community Hub For the year ended 31st October 2024 OUN UED Note 2023. 2024 2022- 2023 Governance costs Govcrnance costs relating to purposes ben&ficial to the Comrnunity are.. Independent examination fees 1,499 1,440 Trustees Trustees, remuneration pald In the year was £0 (2022-2023'.£0} No truslees were reimbursed for expenses in the year (2022-23:0} Expenses pald In the year totalled £0 (2022-2023: £0) Employees 10 Number ot employee8 2023- 2022- 2024 2023 Number Numbor Tho average monlhly nurnber of employees during the year wa8.. Chief ExeGutive Christians Against PovertylLCMA Manager Liberty Tea Rooms Staff Full Time Equivalent headcount 2023- 2024 2022- 2023 Employment cost8 Salaries Social securlty costs Pension contributions NIC employment allowance 113,387 106,527 6.879 6,368 1,918 .984 (5,1831 14,109) 17.001 110 770 Thero were no employees whose annual emoluments were £6Q,000 or more Page 16
Liberty Tea Rooms and Community Hub For Iho year ended 31st October 2024 NOTES TO THE ACCOUNTS (CONTINUED) Note Fixtures, flttlngs & equlpment 11 Tanglble flxod assèts Cost At 1 Novombor 2023 Additions Disposals Total 16,687 At 31 Octobor 2024 16,687 Depreclation At 1 November 2023 Charge for the year DSsposals Los5 on dlsp0881 12,155 1,514 At 31 October 2024 Not book valu&: At 31 October 2024 At 31 Octobor 2023 4,632 12 Stock 2023-2024 2022-2023 rea Room 8upplles 60 60 13 Dgbtors Income fax recovorable Other debtors 5.050 5,409 14 Creditors: amounts falling duo withln ono year Taxes and goclal security Accruals 1,283 1,440 1,lQ4 1,260 2,703 Page 17
Llberty Tea Rooms and Communlty Hub For the year énded 31sl October 2024 NOTES TO THE ACCOUNTS {CONTINUEDI 15 Roglrlcled funds Tho Incom8 lunds of thé Charity include reslricled funds comprlslng th8 followlng unoxpanded balances of donBllons and giants held on Injsl lor speclfic purposes.. Movemont In fundg Balanco at Incomln9 Resourcv¥ Tran•lor¥ l November rnjource expond¢d 2022 Movemont In fund8 Ineomlng Re8our¢os Tr4nsfo T•30UFceJ oxpgndod Bal•n¢e al 1 NovombDI 2023 lori¢• at 31 O¢tobor 2024 Ambxs$¥ador PTofvc¢ CAP CAP blessings PIF Pie p8ld Gift cards 1,000 3,018 69 1.000 33.2134 291 959 417 2,000 10,324 1?5,978} 1360) (9591 1601 12,0001 133,139) 22,815 176 633 15331 27,367 22.815 35.672 16 Analy81¥ of net $tts botwoon funds UnrtrICtOd Reslrlcted funds funds Ttst•l Fund b8lanca8 al 31 O¢lob8r 2024 Bro reproscnled by.. Tanglble flxed llss&l$ Cuirenl 0$5818 Crediiof8.' amounts lalllno du• wilhln one year 3,018 57,987 12,7031 3,018 57,987 12,7031 17 Relatgd wrty trJn$a¢ttons Ther& wp.ra no relaled party Ir8nsaclion$. PafiA1A