Romiley Lifecentre Limited (A company limited by guarantee) Report and Financial Statements For the year ended 31 March 2024 3 Stockport Road Romiley Stockport Cheshire Company no: 041S8959 Charlty no: 1087038
ROMILEY LIFECENTRE LIMITED Report and Accounts Contents Page Directors report (incorporating trustees report) QpwpAny inform8tl9n In4ppgfj¢ènt examinèr's report shtgwent of fjnanGiql 4¢tivitips Balance sheet Notes to the accounts 8-13
ROMILEY LIFECENTRE LIMITED Company NJ. 04158959 Charity No. 1087038 Dlrectors, Report (incorporating the Trustees, Report) The Directors and Trustees present their report and the examined accounts for the year ended 31 March 2024. The charity is governed by its memorandum and articles of association and is a company limited by guarantee. Mission Statement The Romiley Lifecentre exists to make a positive difference to the community of Romiley through a range of service5 which strengthen and enha nce personal relationships through training, listening and support, Trustees The Trustees of the charity during the year were as follows.. Rev Richa rd Pennysta n (Chairl Mr lan Otto Mrs Janet Ford Mrs Kirstie Goddard Mr Philip Harold Bray Structure and appolntments During 2023-24 the management team composed of trustees, department heads and team leaders meet bi- monthly under the chairmanship of Richard Pennystan. The day-to~day life of the charity is run by the Centre Manager and Cafe Manager and other staff, with oversight from the trustees who are also the directors. The trustees meet on a regular basis and make policy decisions. The directors of the charity hold responsibility forthe regulatory aspects of the charity's limited comparw.stdtli's, Directors are appointed by the trustees themselves. Development, activities and achievements this year The Romiley Lifecentre seeks to provide a focu5 for community building and the support of relationships in the local community. At the time of the Lifecentre's 10-year anniversary120121 the tru5tee5 and management team adopted three core values. These values are." Relationships, Accessible and Holy. In late 2022 the trustees and managen)ent team chose to adopt the same three values as St Chads church, which are 'Glorifytng God, Loving Community and Following Jesus,, as internal strategic priorFties. The three core values for branding are: Relax, Support, Meet. During the year 2023-24, the Lifecentre invested significant funds into maintenance of the building, This included replacementof somewindows, -carpetIng one of the conference rooms, new conference chairs, new screens to support conference facilities. Some work on some of the older electrical wiring. The Romilf y Lifecentie's focu5 on our widpr commuDity continued providing the issue of Food Bank vouchers from.:the Trussell.Trust. Romiley LifeCentre'5 listening service continues to be provided via Stockport Christian Counsellors who provide a link to counselling vla zoom and face to face by appointment in our dedicated listening space.
Early Essentia15 continues to run to support midwives, health visitors to provide for mums to be who are struggling financially and basl<ets are collected from the Romiley Lifecentre base by the health workers and visitors. The Romiley Lifecentre works closely in conjunction with St Chad's Church. The trustees and many of the volunteers worl(ing in the centre are members of the church. When the Romiley Lifecentre was established in 2002, many members of the church gave financially to establish and supportthe charity. The Lifecentre provides office accommodation tor the church's clergy, youth and children's worker5 and for the church administration team. The Vicar of 5t Chads is also a Director of the Lifecentre and Chair of it5 Board and Romiley Lifecentre continued to provide this space in the building. There is an agreed policy that the board of trustee5 includes 2 representative5 of St Chad's PCC. Three potential risks to the long-term governance of the Lifecentre have been identified and are being addressed: First it was recognised that the burden of responsibility has grad ually increased on the trustees and management. The second is the age profile of the 'Trustee5 and Management, group was predominantly over 55 and some succession planning was necessarv, The trustees are intentional in looklng for new trustees/directors from amongst the body of 80 volunteers and St Chads church. Future Developments Financial controls to continue to be strengthened by the increase sales in the shop and the conference bool(ings providing for the continuation of the maintenance plan. During the year 2024-25, there are plans to do some interior building works to reapposrtion use of the office space, redecorate the Lifecentre's prayer room 'SanttuarV and create a 'volunteerfs mess, as a space for supporting volunteers, In summer 2023 it was agreed that the Lifecentre would recruit a 'Leader of Ministry of the Lifecentre,, a part time role to work with the current team and St Chads church to develop the work of the Lifecentre and it5 Christian witness in Romiley. The recruitment for this post took place in late 2023, the new post holder began this role in April 2024. Transactions and financial position The Statement o* Financial Activities shows a surplus of £8,342 for the year, and reserves stand at £728,132 including a revaluation reserve of £219,645 Risk Assessment The trustees are continually assessing the risl(s, which might affect the charity and attempt to put procedures in place to minimi5e such risks. GDPR requirements have been put into place. Training of the volunteer & staff team has continued including First Aid, fire safety and safeguarding to support the Romiley Lifecentre's duty of care of employees, volunteers and customers. Although under current legislation the Lifecentre qua lifies to receive gift aid relief, any changes to tax legislation and charitable status could adversely affect income receivable. Other possible risks include the effects of reduced business, loss of key personnel, inability to secure funding, or the inability to maintain voluntary and paid staffing levels of the required calibre and commitment.
Statement of Dlrectors, responslbilities Company Law requires the directors to prepare financial statements foir each financial year, which give h true and fair view of the state of affairs of the charitable company and the income and expenditure of the charitable company for that period. In preparing the accounts the directors are required to,. select 5ultable accounting policies a nd then apply them consistently make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material depa rtures disclosed and explained in the financial statements: prepare the financia I statements on the golng concern basis unle55 It Is inappropriate to presume that the charitable company will continue in business. The directors a re responsible for keeping proper accounting records which disclose, with reasonable accuracv at any time, the financial position of the charitable company and to enable it to ensure that the financial statements comply with the Companies ACL 2006, They are also responsible for safeguarding the èssets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularlties. The report has been prepared in accordance with the provisions of the Companies Act 2006 applicable to small companies. By Order of the Board Richard Pennystan Director Date 2, October 2024
ROMILEY LIFECENTRÈ LIMITED Legal and adminl$trativ8 infdtmation irectors Rev Richard Pennystan Mr lan Otto Mrs Jan Ford Mrs Kirstie Goddard Mr Philip Harold Bray (Chair) Reglstered offlce and operations address 3 Slockport Road, Romiley, Stockport, Cheshire, SK6 4BN. Accountant J A Simpson, 48 Bredbury Green, Romiley, Stockport, Cheshire, SK6 3DN. Bankers The Cooperative Bank, Delph House, South Way, Skelmersdale, WN8 6WT Company number 04158959 Reglstered chan.ty number 1087038
INDEPENDENT EXAMINERS, REPORT TO THE MEMBERS OF ROMILEY LIFECENTRE LIMITED I report on the accounts of the company limited by guarantee for the year ended $1 March 2024, which are set out on pages 6 to 13. These accounts have been prepared in accordance wilh FRS 102 under the historical cost and the accounting policies set out therein. Respectlve rasponslbllities of directors and examlner As described in the Statement of Directors, Responsibilities the company's directors (who are also the trustees) are responsible for the preparation of the accounts in accordance with appli¢able law and United Kingdorn Accounting Standards, You consicler that the audit requirement of s144{2) o* the Charities Act 2011 (the Act} does not apply and that an independent examination is needed. l am qualified to undertake the examination by being a qualified member of the Instttute of Chartered Accountants in England and Wales. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent exarnination, it is my responsibility to= examine the accounts under section 145 of the 2011 Act to follow the procedures laid down in the general Directions given by the Charity Commission under section 145151{b} of the 2011 Act and to stste whether particular matters have come to my attention. Ba818 of the Independent examlner's report My examination was carried out in accordance with the general Directs'ons given by the Charity Cpmmissicners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as trustees conceming any such matters. I have helped to prepare the financial statements from the accounting records made available to me by the charity.The procedure applied do not provide all evidence thal would be required in an audit and, consequently no opinion is given as to whether the accounts present a true and fair view, and the report is limited to those matters set out below. Independent exaniiier's statement In connection with rny examination, no matter has come to my attention: Which gives me reasonable cause to believe that, in any material respect, the requirements.. to keep accounting records in aGcordance with s130 of the 2011 Act and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act and with the methods and principles of the Statement of Recommended Practice.- Accounting an Reporting by Charities have not been met., or To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. John A Simpson Chartered Accountant 48 Bred bury Green Romiley stockport Ths4,- Date
ROMILEY LIFECENTRE LIMITED Statement of Flnanclal Activities for the year ended 31 March 2024 2024 2023 Notos Incomlng resources Incoming resources from gen8rated funds Voluntary incorne." Donations and grants Activities forgenerating funds.. Bookshop Café Room hire and conferences Government assistance - Covid Investment income Rent 928 1,024 15,963 105,687 29,793 18,193 96,169 20,746 6,175 158,546 9,275 145,407 Resources expended Charitable activities 149,954 138,965 Governance costs 250 250 Total re80urces expended 150,204 139,215 hlet movgment In funds 8,342 6,192 Reconclllation of funds Total funds brought forward 719,7SO 713,598 Total fund8 carried fomard 728,132 719,7go The statement of financial actlvities includes all gain8 and losses In the year. All Incomlng resources and resources expended derlve from continuing activiti88.
ROMILEY LIFECENTRE LIMITED Balan¢e Sheet as at 31 March 2024 Notes 2024 Fixed Assgts 2023 Tangible assets Current Assets Stock Debtors Cash at bank and in hand 709,750 708,274 11,213 5,107 28,318 44,638 11,717 3,799 36,100 51,616 Creditors.- amounts falling due within one year Net Current A8setsJ(Liabilities) 24,699 25,028 19,939 729,689 26,588 734,882 Creditors: amounts falling due after more than one year 1,557 728 132 15,072 719790 FUNDS Unrestricted Income Funds General Purpose Fund 508,487 500,145 Revaluation Reserve 219,845 728 132 219,645 719 790 For the year ended 31st March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2005 relating to small companies. Directors, responsibilities.. the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and prep2r2tion of accounts these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements on pages 6 to 13 were approved by the trustees on the date below and signed on their behalf by.. Richard Pennystan Director Date 11 /11114
ROMILEY LIFECENTRE LIMITED Notes to the Accounts for the Perlod to 31 March 2024 1 Accounting policies General These accounts have been prepared under the historic cost convention and are in accordance with: FRS 102 and the provisions of Companies Act 20D6 applicable to small companies. Company status The company is limited by guarantee. The liability in respect of the guarantee, as set out in the memorandum of association, is limited to £10 per member of the company. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objecttves of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the t&rms of an appeal. Incomlng resources All incotTFing-Fesources are included in the statement of financial activities when the charity is entilW"tothe income and the amount can be quantified wtth reasonable accuracy. The f9lloWing specific policies are applied to particular categories of income.. Voluary incomo is received by way of grants, donation$ aftd gifts and is included in fijll in tFYè 8t&lèTnen¢ of Financial Activitieswhen receivable. Grants, where entitlement is not cortditioFYal on'the speeifio F)orforu3anGe by the charity, arè reeognisod whpn the charity becomos LEnctsnditionally entitled to thé glant. Donated sekViS and facilitiestsre included at the value to the charity where tPFiS oan be tyantlfied. The value of seNicE5 provided by volunteers haa riot b'een included in these accounts.. Investment income is Included when receivable. Incoming resources from charitable trsding activty are accounted for when earned. Resources expended Expenditure is recognised on an accruals basis as the liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.. Costs of generating fijnds comprise the costs associated with attracting voluntary income and costs of trading ft)r fundraising purposes.
Charitable expenditure comprises those costs IncUed by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the examination fees ané costs linked to the strategic management of the charity. All wsts are allocated beeen the expenditure categories of the SOFA on a basis designed to reffect the use of the resource. Fixed Assets Fixed assets are stated at Cost less aGcumulated depreciation. Depreciation is not provided on the 1-5 Stockport Road building as the lease is for 999 years and the amount is considered to be immaterial. DepreGialion is provided on office and kitchen equipment to write off their cost over 5 years. Depreciation is provided on furniture and fittings to write off their cost over 7 years.
ROMILEY LIFECENTRE LIMITED Notes to the Accounts for the Period to 31 March 2024 2 Donations and Grants 2024 2023 Donations 928 3 Net Incomlng Resources for the Year This is stated after charging: 2024 2023 Depreciation Independent Examine¢s Fee 2,274 250 1,524 250 4 Flxgd Assets Leasehold Furniture and Office 2nd Building Fittings Kitchen Equipmerlt Total Cost or Valuation for Leasehold Buildlngs At l April 2023 Additions Disposals At 31 March 2024 703,904 34,400 29,473 3,750 767,777 3,750 703,904 34,400 33,223 771,527 Depreciation At l April 2023 Charge for the year 33,088 422 26,415 1,852 59,503 2,274 At 31 March 2024 33,510 28.267 61,777 Net Book Value at 31 March 2024 703,904 890 4,956 709,750 Net Book Value at 31 March 2023 7Q3,904 1,312 3,058 708,274 10
5 Total R880urco Expendod 2024 2023 Costs directly allocated to actlvltles Café costs Bookshop costs Conference costs Lifecare Wages 52,575 8,571 77 48,747 10,067 3DO 123 18,956 78,193 19,004 80,227 Support costs allocated to actlvities Remedial works Insurance Phone Heat & light Rates Office expenses & sundries Interest & bank charges Training Depreciation Accountancy Professional fees Administration Total resources expendod 12,061 2,813 1,050 15,342 2,640 2,550 2,472 50 2,274 1,117 1,567 26,041 150,204 13,501 1,354 976 10,589 2,268 2,614 3,168 156 1,524 761 1,327 22,784 139,215 The basis of allocation attempts to spread costs over activities to give a reasonable approximation of actual cost.
6 Debtors 2024 2023 Trade ctebtors Prepaymènts 3,753 1,354 5,107 2,446 1,353 3,799 7 Credltors: Amounts FaIlift0Ue withln One Year 2024 2023 Loans Trade creditors Other creditors 13,166 4,308 7,225 12,4S8 6,571 5,989 24,699 25,028 8 Creditors: Amounts Falling Due after more than One Year 2024 2023 Loans - payments falling due between One and iwo years Two and five years 1,557 12,507 2,565 1,557 15,072 9 Movements in Funds Incoming Resources Expendlture 2023 2024 Unrestricted funds 500,145 158,546 150,204 508,487 Revaluation ReseNe 219,645 219,645 719 790 158546 150204 728 132
10 Staff Costs staff costs were as follows., 2024 2023 Salaries and wages Social security costs Total 43,899 1,146 45,045 40,772 968 41,740 No employee received emoluments of more than 280,OOD 11 Trustee Romuneration & Related Party Transactions Mrs R. Otto (wife of lan Otto, 8 trustee) received £1,760 in respect of services provided to the charity. Payment was considered to not exceed the commercial rate for thé provision of these services. The office of St Chad's church, Romiley, is located in the Lifecenire. 5t has been agreed th8t the church would pay £3,000 per annum rent for the office. St Chad's PCC is considered a related party as there are members of the PCC on the board of directors of the Romiley Lifecentre Limited, 13