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2023-08-31-accounts

St. George's Lupset Limited

Charity No. 1094331

.

Company No. 03848228

Trustees’ Report and Audited Accounts

31 August 2023

St. George's Lupset Uimited

Contents

Pages
Trustees’ Annual Report 2to8
Auditor's Report 9 to 12
Statement of Financial Activities 13
Summary Income and ExpenditureAccount 14
Balance Sheet 15
Statement ofCash flows 16
Notes to the Accounts 17 to 27
DetailedStatementofFinancialActivities 28to 30

. Pagel

St. George's Lupset Limited Trustees Annual Report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the audited flnanclal statements of the charity for the year ended 31 August 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 03848228

Charity No. 1094331

Principal Office

St George's Community Centre

Broadway West Yorkshire

WF2 8AA

Registered Office

St George's Community Centre Broadway West Yorkshire

WF2 8AA

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

C.P.M. Brown

S. Elliott (Resigned 23 December 2022)

M.W. Holt

V.L. Hughes

R.E. Jackman

F. Jackson

J. McGill

M. Tattersall

A.E. Tosta E.J. Woodhouse

Auditor

Hansons

St Oswald House

St Oswald Street Castleford WF10 1DH

Bankers

Unity Trust Bank plc 9 Brindley Place

Page 2

St. George's Lupset Limited Trustees Annual Report

Birmingham

B1 2HB

OBJECTIVES AND ACTIVITIES

St George’s charltable objectives and legal purpose, as set out In the Memorandum of Association, are:

To promote any charitable purposes for the benefit of the public, principally but not exclusively in the area of West Wakefield and its environs, without distinction of sex, sexual orientation, race or political or religious opinions, disability or age by providing services and activities and in partnership with others to provide services and other activities whlch are associated with the advancement of education, child care, health and well-being, thereby Improving the conditions of life for the said people.

The Trustees alms are for the charity to recognise activitles that will benefit the local community within the objectives set out above. In doing so, they have regard to the guldance contained in the Charity Commmission's general guidance on public benefit In reviewing aims and objectives in planning its future activities every year,. The review helps the Trustees to ensure that the charity's aims, objectives and activities remained focused on its stated purposes. This report looks at what the charity has achieved and the outcomes of its work during the reporting period. The Trustees report the success of each key activity and the benefits the charlty has brought those groups of people that it is set up to help.

The charity's principal activitles are:

The provision of childcare services

Provision of targeted health and wellbeing services

ACHIEVEMENTS AND PERFORMANCE

During the past year, the work of the team and Trustees sought, with considerable success, to develop new and maintain exlsting creative partnership arrangements with local, statutory and other VCSE organisations. In doing so St George’s role as a key community hub, was widely recognised and supported.

The organisation continued to pursue the aims contained in its Strategy Map which were primarily associated with.

Under 5-year-old Childcare continued to be successfully delivered from four settings. The full day-care service at two of those settings thrived and waiting lists had developed. During the year, 100% of children left the nurserles at an appropriate age of development and were deemed to be ‘school ready’ Positive feedback was received from local schools during transitional visits.

At our two sessional nurseries support was provided for several children with additional educational needs. The organisation’s childcare staff members have continued to display excellent professional work, and training programmes have proved effective in malntaining a high-quality service. The organisation continued to provide services associated with oral health for pre-school children and maintained effective working relationships with other nurseries to deliver a Toothbrush Scheme in the area.

Page 3

St. George's Lupset Limited Trustees Annual Report

A wide-ranging Learning Programme continued to be delivered throughout the year. A range of different ‘learning provider’ partners were in operation and 22 courses were run, 19 of which were accredited and 3 ‘of interest’. These included the development of skills associated with English as a Second Language, Construction Industry, the Security Industry, Digital Inclusion, Support Work in Schools, Cookery, Basic IT, First Aid, Hair and Beauty and Childcare. There were 193 enrolments on our accredited courses with an 83% completion rate. Over 950 hours of learning was achieved. We have continued to provide emergency food parcels and run a volunteer-led Food Pantry Service. Many people accessing our food provision were also supported by other services within St George’s. Food Parcels were provided in emergency situations, such as a job loss, relationship breakdown or an unexpected bill. Our Food Pantry membership scheme provided longer term support whilst offering dignity, choice and hope. Over 380 emergency food parcels were provided during the year. The Foodbank continued to operate, also with the support of volunteers.

Our Volunteer Programme continued to develop during the year. Our services and activities Involved 68 volunteers with 18 new recruits. The age range of volunteers was from 13 to 80 years old. During the year we became partners with the Breaking Barriers Initlative which carried out research with the local community regarding employment and recruitment. Two of our volunteers were given the opportunity to train as Peer Researchers to conduct 1-to-1 interviews within thelr local community. During the year St Georges Wellbeing Service further developed its strategy and working towards the achievement of the key performance indicators identified. It developed during the second year of a Reaching Communities Project associated with the recruitment and development of volunteers. At the same time, and in the context of the Five Ways to Wellbeing, we provided : (a) a volunteer-run coffee morning as a way for older members of our community to meet new people;

(e) a Cake and Conversation club.

Durlng the year we were awarded a grant by Prosper Wakefield District to support people within our community from households which, whllst not in crisis, could easily move into that category especially in the current cost of living crisis. Through this we were able to successfully support five people.

Our Summer 2023 Impact Questionnaire explored the difference our services made to the lives of members of our community, our volunteers, and members of our staff.

Page 4

St. George's Lupset Limited

Trustees Annual! Report

During the year our Young Peoples Service engaged with more than 450 different children and Young People. Our Young Futures Team delivered all year-round activities for children and young people aged 5-25 and Open Access Youth Provision, which Involved 196 youth work sessions.We successfully completed the Connect Café Project and began a unique service ‘We can with a Van’ mobile delivery in the Lupset community. This mobile detached session targeted harder to reach young people. We delivered 6 weeks of Happy Healthy Holidays and over 200 children and young people were engaged in positive activities in safe spaces as an alternative to loneliness, boredom, exploitation, anti-social behaviour.

All members of this staff team were actively engaged on youth work accredited training courses In level 2 and 3 youth work, were safeguarding trained and C-Card and Mental Health First Aid trained. In this context our Future Selph service, associated with mental health support, engaged with 135 young adults aged 16-25 in the West of Wakefield area. At the same time, with our wider Future Selph external partners, 300 young adults were supported across the Wakefleld District. Our Walk-in Wardrobe service helped 275 young people to access clothes, uniforms, toiletries and sanitary items. Throughout the year the Young Peoples’ team has worked closely with local councillors, the police, Wakefield District Housing, Social Care and local schools to ensure that local children and young people were seen, heard and valued within their community.

Our minibus has been available for hire by community organlsatlons such as schools, charities and social groups. It has also been used internally, supporting a number of activitles such as the Friday Lunch Club and Happy Healthy Holidays. This has been an entlrely volunteer-run service, and during the year we had four registered volunteer drivers and a volunteer chaperone. The main Centre provided a Community Café which Is open to the general public, and it continued to Accommodate Meetings from a range of public and VCSE sector partnership organisations.

FINANCIAL REVIEW

During the year, outgoing resources have exceeded incoming resources by £107,339; £75,745 In respect of unrestricted funds and £31,594 in respect of restricted funds. With regard to restricted funds this is not unusual due to funds being expended over several accounting periods whereas the related incoming resources are recognised when we acquire the right to recelve them. With regard to unrestricted funds, In view of our strong financial position, due to the impact of issues such as the cost of living crisis we continued to provide a number of community services beyond the funds received for them. The financial position at the balance sheet date remains very positive, with unrestricted reserves of £227,532 and restricted reserves of £516,766.

RESERVES POLICY

St George’s reserves policy seeks to make provision to cover the costs of three months operation In the event of the organisation having to wind up. It held the following types of reserves:

RELATED PARTIES AND RELATIONSHIPS WITH OTHER ORGANISATIONS

Page 5

St. George's Lupset Limited Trustees Annual Report

St Georges Is a key, membership organisation of Nova Wakefield District (the matn Third Sector infrastructure organisation in Wakefield), Wakefield Young Lives Consortium and Locality, a strateglc organisation which seeks to support the Interests of community anchor organtsatlons and charities. It is also part of a network of Community Hubs which operate across Wakefleld District to serve the interests and needs of local communities.

RISK MANAGEMENT

St Georges operates a Risk Management Pollcy and a Business Continuity Plan both of which are regularly updated.

PLANS FOR FUTURE PERIODS

tn Hne with the purposes described tn Its Memorandum and Articles of Assoclatlon, the broad direction provided for In its Strategy Map and on the basis of our Impact assessment, we will seek to...

0) Develop a model of sustainability for our community café.

Page 6

St. George's Lupset Limited

Trustees Annual Report

v) Review our risk assessment strategy in line with the Risk Management Policy.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document.

The charity is a company limited by guarantee without share capital. It was incorporated on 21st September 1999. It is governed by a memorandum and articles of association. The liability of the Trustees In the event of the company being wound up Is limited to a sum not exceeding £1.

Recruitment and appointment of new trustees.

The Trustees of the charity are also directors for the purposes of company law. Trustees are appointed at the AGM or co-opted between AGMs to ensure that the board has the skills required to govern the organisation. (co-opted Trustees then stand for election at the AGM following their co-option). All trustees are provided with an inductlon session {including an induction pack), delivered by the Chair and CEO.

Organisational structure.

St Georges Lupset Ltd has a board of nine trustees who meet approximately every 4 weeks and are responsible for the strategic direction and policy of the charity. The Board has a variety of professional skills, relevant to the work of the charity. The board had delegated certain powers of scrutiny to a Finance and Sustainabllity Committee and a Human Resources Committee, which report to the full board of trustees at each meeting. The CEO sits on the board but has no voting rights. A scheme of delegation is in place, with the day-to-day responsibility for the provision of services resting with the Chief Executive, who is also responsible for ensuring that the charity delivers services specified and that key performance Indicators are met. St Georges operates a relatively flat organisational structure, which alms to encourage personal responsibility and Innovation amongst staff. Regular reports to peers, line managers and the St Georges board ensured accountabllity from the executive team.

Statement of trustees' responsibilities in relation to the financial statements

The Trustees are responsible for preparing the Trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees to prepare financial statements for which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, for the charitable company for that period. In preparing these financial statements, the trustees are required to:

Page 7

St. George's Lupset Limlted

Trustees Annual Report

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other Irregularities.

Statement of disclosure of information to auditor

So far as the Trustees are aware, there Is no relevant audit information of which the company's auditors are unaware and each trustee has taken ail the steps that he or she ought to have taken as a trustee In order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that information.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

M.W. Holt Trustee OS April 2024

Page 8

St. George's Lupset Limited

Audit Report Unqualified

Independent Auditor's Report to the Members of St. George's Lupset Llmited

Optnion

We have audited the accounts of St. George's Lupset Limited (the 'charltable company’) for the year ended 31 August 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the Notes to the Accounts, Including a summary of significant accounting policies. The financlal reporting framework that has been applied in thelr preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the accounts:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters In relation to which the ISAs (UK) require us to report to you where:

Other Information

The other information comprises the Information included in the trustees' report and accounts, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the accounts does not cover the other Information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 9

St. George's Lupset Limited

Audit Report Unqualified

In connection with our audit of the accounts, our responsibility Is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we Identify such material Inconsistencies or apparent material misstatements,we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a materlal misstatement of this other Information,we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements In the trustees’ report.

We have nothing to report In respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement found in the trustees’ report, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees intend to Ilquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the accounts

We have been appointed under section 144 of the Charities Act 2011 and report In accordance with the Act and relevant regulations made or having effect thereunder.

Page 10

St. George's Lupset Limited

Audit Report Unqualified

Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from materlal misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion, Reasonable assurance is a high level of assurance, but Is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a materlal misstatement when It exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts. Irregularities, Including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outllned above, to detect material misstatements in respect of irregularities, including fraud. The extent on which the audit was considered capable of detecting irregularities including fraud.

Our approach to Identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations were as follows:

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to Identify or recognise non compliance with applicable laws and regulatlons.

We identified the laws and regulation applicable to the company through discussions with directors and management, and from our knowledge of the sector In which the charitable company operates.

We focused on specific laws and regulations which we consider to have material effect on the financial statements or the operations of the charitable company, including the Companies Act 2006, taxation legallsation, data protection, ant! bribery, employment, environmental and health and safety.

We assessed the extent of compliance with the laws and regulations mentioned above through discussions with management and inspecting of legal correspondence.

Identified laws and regulations were communicated with the audit team regularly and the team remained alert to instances of non compliance during the audit.

We assessed the susceptibility of the charitable company financlal statements to material misstatement, Including obtaining an understanding of how fraud may occur by:

Considering the internal controls in place to mitigate the risk of fraud and non compliance with laws and regulations.

Making enquires to management as to where they consider there was a susceptibility to fraud, their knowledge of actual, suspected or alleged fraud.

To address the risk of fraud through management bias and override of controls we:

Performed analytical procedures to Identify any unusual or unexpected relationships.

Assess whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.

Investigated the rationale behind significant and unusual transactions.

Page 11

St. George's Lupset Limited Audit Report Unqualified

Because of the Inherent limitations of an audit, there is a risk that we will not detect all Irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of Instances of non-compllance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves Intentional concealment, forgery, colluslon, omission or misrepresentatton.

A further description of our responsibilitles for the audit of the accounts is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of this report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them In an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charity's members as a body, for our audit work, for thls report, or for the opinions we have formed.

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QO
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Mark Upex BA, FCA, Senior Statutory Auditor

For and on behalf of Hansons, Accountants and Statutory Auditors

St Oswald House

St Oswald Street

Castleford

WF10 1DH 05 April 2024

Hansons is eligible for appointment as auditor of the charity by virtue of its eligibllity for appointment as auditor of a charlty under section 1212 of the Companles Act 2006.

:

Page 12

St. George's Lupset Limited

Statement of Financial Actlvities

for the year ended 31 August 2023

Unrestricted Restricted Endowment
funds funds funds Totalfunds Total funds
2023 2023 2023 2023 2022
Notore £ £ £ £ £
s
Income and endowments
from:
Donations and legacles 4 20,104 447,079 - 467,183 525,934
Charitable activities 5 940,541 - - 940,541 888,881
Othertrading activities 116 - - 116 512
Other 7 125,298 - - 125,298 108,168
Total 1,086,059 447,079 - 1,533,138 1,523,495
Expenditure on:
Raisingfunds 8 520 - - 520 -
Charitable activities 9 1,161,284 478,673 - 1,639,957 1,416,729
Total 1,161,804 478,673 - 1,640,477 1,416,729
Net gains on investments - - - - .
Net (expenditure)/income 11 (75,745) (31,594) - (107,339) 106,766
Transfers between funds - - - - -
Net (expenditure)/income
(exp
M
before othergains/{losses)		 (75,745) (31,594) - (107,339) 106,766
Othergains and losses
Netmovement in funds (75,745) (31,594) - (107,339) 106,766
Reconciliation offunds:
Total funds broughtforward 303,277 548,360 - 851,637 744,871
Totalfundscarriedforward 227,532 516,766 - 744,298 851,637

Page 13

St. George's Lupset Limited Summary Income and Expenditure Account

for the year ended 31 August 2023

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||||||| |---|---|---|---|---|---| |2023|2022| |£|£| |Income|1,533,138|1,523,495| |Gross income|for the year|1,533,138|1,523,495| |Expenditure|1,603,204|1,384,073| |Interest|payable|1,646|1,648| |Depreciation|and|charges|for| |impairment of fixed|assets|35,627|31,008| |Total|expenditure|for the year|1,640,477|1,416,729| |Net|(expenditure)/income|before|tax| |for the|year|(107,339)|106,766| |Net|(expenditure|)/income|for the year|(107,339)|106,766|

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Page 14

St. George's Lupset Limited

Balance Sheet

at 31 August 2023

CompanyNo. 03848228 Notes 2023 2022
£ £
Fixed assets
Tangible assets 13 321,615 338,769
321,615 338,769
Current assets
Debtors 14 67,512 63,861
Cash at bankand and in hand 403,015 495,595
470,527 559,456
Creditors:Amount falllngdue within oneyear 15 (17,354) (13,484)
Net current assets 453,173 545,972
Total assets less current llabilities 774,788 884,741
Creditors:Amounts falllng due after morethan oneyear 16 (30,490) (33,104)
Net assets excluding pension assetor liabllity 744,298 851,637
Total net assets 744,298 851,637
Thefunds ofthe charity
Restricted funds 17 516,766 548,360
Unrestricted funds 17 227,532 303,277
Totalfunds 744,298 851,637

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the board on 05 April 2024

And signed on its behalf by:

M.W. Holt jy Trustee 05 April 2024

Page 15

St. George's Lupset Limited Statement of Cash flows

for the year ended 31 August 2023

2023 2022
£ £
Cash flows from operating activities
Net (expenditure)/Income
per Statement of Financial
(exp
M
P
Activities		 : (107,339) 106,766
Adjustments for:
Depreciation of property, plant and equipment 35,627 31,008
Increase In trade and other recelvables (3,651) (2,270)
Increase/(Decrease) in trade and other payables 3,870 (34,583)
Net cash (used in)/provided byoperating activities (71,493) 100,921
Cash flowsfrom Investing actlvities
Paymentsfor property, plant and equipment (18,473) -
Netcash used inInvesting activities (18,473) -
Cash flowsfrom financing activities
Repayment of borrowings (2,614) (2,612)
Netcash used infinancing activities (2,614) (2,612)
Net (decrease)/increase incash and cash equivalents (92,580) 98,309
Cash and cash equivalents atthe beginning ofthe year 495,595 397,286
Cashand cash equlvalents atthe end oftheyear 403,015 495,595
Components of cash and cash equivalents
Cash and bank balances 403,015 495,595
403,015 495,595

Page 16

St. George's Lupset Limited

Notes to the Accounts

for the year ended 31 August 2023

1 Accounting policies

Basis of preparation

The charitable company Is a public benefit entity as defined by Financial Reporting Standard (FRS) 102.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared on a going concern basls under the historical cost convention. The trustees are not aware of any material uncertainties that would lead them to believe that the going concern basis is not appropriate. The financial statements are presented in sterling, which is the functional currency of the charity, and rounded to the nearest £1.

Change In basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds — These are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficlent reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims Is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount In expenditure) and facilities where the benefit to the Charity Is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This Is Included in the accounts when receivable. Gains/{losses) on This Includes any gain or loss on the sale of investments. investment assets

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St. George's Lupset Limlted

Notes to the Accounts

Expenditure Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of Its objects, Including the making of grants and governance costs. Grants payable All grant expenditure Is accounted for on an actual! pald basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs _—‘ These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Apportioned costs Where they can be directly attributed, costs are allocated to the project or fund to which they relate. Certain support and overhead costs cannot be directly attributed. such costs are apportioned between projects or funds according to an agreed formula, dependent on the nature of the costs. for restricted funds the charity negotiates a recovery rate for costs to be allocated to the fund at the time the application for funding is submitted. This simplifies the procedure and creates greater transparency because the basis for the amounts allocated is established at the outset. The applicable costs are initially met by the general fund and apportioned to funds applying the agreed formula.

Other expenditure These are support costs not allocated to a particular activity.

Taxatlon

The charity is exempt from corporation tax on Its charitable actlvities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property 4% Straight line Computer equipment 25% Reducing balance Motor vehicles 25% Reducing balance Fixtures and fittings 25% Reducing balance

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 18

St. George's Lupset Limited Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturitles of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provislons are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated rellably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classifled

as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of Interest on the remaining balance of[the][liability.][Finance][expenses][are] recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charlty operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 19

Notes to the Accounts

.

St. George's Lupset Limited

3 Statement of Financial Activities - prior year

Unrestricted Restricted
funds funds Total funds
2022 2022 2022
£ £ £
Income and endowments from:
Donations and legacies 23,548 502,386 525,934
Charitable activities 888,881 - 888,881
Othertrading actlvities 512 - 512
Other 107,403 765 108,168
Total 1,020,344 503,151 1,523,495
Expenditure on:
Charitable activities 984,126 432,603 1,416,729
Total 984,126 =
432,603		 1,416,729
Netincome income "36,218 70,548
Transfers between funds 20,080 (20,080) -
ce
Net income before other
gains/(losses) 56,298 50,468 106,766
Othergalns and losses:
Netmovement movement infunds 56,298 50,468 106,766
Reconciliation offunds:
Total funds broughtforward 246,979 497,892 744,871
Total funds carried forward 303,277 548,360 851,637
4 Incomefrom donations and legacies
Unrestricted Restricted Total Total
2023 2022
£ £ £ £
Donations and project fees 5,334 - 5,334 7,051
Grants received 14,770 447,079 461,849 518,883
20,104 447,079 467,183 525,934
5 Income from charitable activities
Unrestricted Total Total
2023 2022
£ £ £
NurseryEducation Fund 401,428 401,428 416,375
Childcare fees 539,113 539,113 472,506
940,541 940,541 888,881

Page 20

St. George's Lupset Limited

Notes to the Accounts

6 Grants recelved during the year

Grants recelved during thethe year
Total Total
2023 2022
£ £
Conexus Healthcare Limited 206,969 219,010
Age Concern Wakefield District 53,750 -
NHS England - 75,872
LIVE -Wellbeing 40,334 45,705
Public Health Wakefield Council - 50,500
Healthy Happy Holidays 33,664 25,594
Young Lives Consortium 21,159 19,585
Open Access Youth Club 23,250 -
NOVA - Health atthe Hub 30,500 12,000
Care& SupportCommissioningTeam - 28,291
NOVA Health &Wellbeing - 8,333
ProsperTogether 11,000 -
Healthy HeartsTogether 8,520 5,680
Know your Neighbourhood 8,994 -
Warmer Spaces 8,970 -
Food Pantry 8,269: -
Connect Cafe - 7,000
Livewell -Young Parents' Support Group - 8,000
Other 6,470 13,313
461,849 518,883

7 Other income

Other income
Unrestricted Total Total
2023 2022
£ £ £
Salary recharges 24,441 24,441 13,559
Room hire 62,310 62,310 60,118
Coffee shoptakings 12,282 12,282 3,704
Activity fees 11,607 11,607 7,514
Training and service
.		 - - 45
provision
Min! bus income 4,538 4,538 3,935
Sundry income 10,120 10,120 19,293
125,298 125,298 108,168

Page 21

St. George's Lupset Limited

Notes to the Accounts

8 Expenditure on ralsing funds

8 Expenditure onon ralsing fundsfunds
Unrestricted Total Total
2023 2022
£ £ £
Fundraising 520 520 -
520 520 -
9 Expenditure on charitable activities
Unrestricted Restricted Total Total
2023 2022
£ £ £ £
Expenditure on charitable
activities
Staffcosts 962,689 298,280 1,260,969 14,085,588
Contractors 23,088 50,301 73,389 76,962
Motor and travel expenses 7,336 4,472 11,808 8,173
Food 30,789 21,442 52,231 37,693
Health, safety and hygeine 11,089 - 11,089 16,298
Educational consumables
and equipment 7,207 12,036 19,243 13,884
Grantsgiven - 8,468 8,468 -
Other direct charitable costs 25,146 19,268 44,414 48,505
1,067,344 414,267 1,481,611 1,287,103
Support costs absorbed into
charitable activities 87,140 64,406 151,546 123,206
1,154,484 478,673 1,633,157 1,410,309
Governance costs
Auditors’ remuneration 6,800 - 6,800 6,420
6,800 - 6,800 6,420
1,161,284 478,673 1,639,957 1,416,729

Page 22

Notes to the Accounts

St. George's Lupset Limited

10 Other expenditure

10 Other expenditureexpenditure
Unrestricted Restricted Total Total
2023 2022
£ £ £ £
Interest payable 1,646 - 1,646 1,648
Premises costs 35,466 28,664 64,130 49,063
Amortisation, depreciation,
impairment, profit/loss on 4,420 31,207 35,627 31,008
disposal offixed assets
General administrative costs 34,722 4,535 39,257 30,517
Legal and professional costs
)		 10,886 - 10,886 10,970
87,140 64,406 151,546 123,206
11 Net (expenditure)/income beforetransfers
2023 2022
This is stated after charging: £ £
Depreciation ofowned fixed assets 35,627 31,008
Auditors’ remuneration 6,800 6,420
12 Staff costs
Salaries and wages 1,159,053 991,891
Social security costs 69,837 62,041
Pension costs 25,616 22,497
No employee received emoluments in excess of£60,000.
Notrustee received any remuneration orexpenses duringthe year.
The average monthly number offull time equivalent employees during the yearwas was as follows:
2023 2022
Number Number
Managementand 3 3
administration
Childcare 52 50
Service delivery 10 9
65 62

Page 23

St. George's Lupset Limited

Notes to the Accounts

13 Tangible fixed assets

Landand
buildings		 Landand
buildings		 Computer
equipment		 Motor
vehicles		 Fixturesand
fittings		 Total
£ £ £ £ £
Cost or revaluation
At 1 September 2022 September 2022 1,018,603 17,171 53,008 83,518 1,172,300
Additions - 11,479 - 6,994 18,473
At 31August 2023 1,018,603 28,650 53,008 90,512 1,190,773
Depreciation and
impairment
At 1September2022 2022 679,834 17,171 53,008 83,518 833,531
Depreciation charge
preci
ange		 for
th
rorme		 31,008 2,870 . 1,749 35,627
year
At31August 2023 710,842 20,044 53,008 85,267 869,158
Net book values
At 31August 2023 307,761 8,609 - 5,245 321,615
At 31August 2022 338,769 - - - 338,769
14 Debtors
2023 2022
£ £
Trade debtors 60,868 56,286
Prepayments and accrued income 6,644 7,575
67,512 63,861
15 Creditors:
amounts fallingdue duewithin within one year
2023 2022
£ £
Trade creditors 6,204 1,757
Other creditors 4,650 5,727
Accruals and deferred Income 6,500 6,000
17,354 13,484
16 Creditors:
amounts fallingdue due after more than one
year
2023 2022
£ £
Other loans 30,490 33,104
30,490 33,104

Page 24

St. George's Lupset Limited

Notes to the Accounts

17 Movement in funds

At 1
September		 Incoming
resources		 Resources
expended		 Transfers At3t
August
£ £ £ £ £
Restricted funds:
16-25 140,031 206,969 (205,081) - 141,919
BigLotteryFund 28,506 - (2,591) . 25,915
WMDC EarlyYears Capital
Grant 34,615 - (3,300) - 31,315
Coalfields Regeneration Trust 85,846 - (7,804) - 78,042
St George's PCC 5,031 - (457) - 4,574
Capital Fund 169,527 - (14,681) - 154,846
Community Navigators 3,970 10,425 (14,395) - -
Connect Cafe 1,884 - (1,884) - -
ConnectingCommunities (8,233) 53,750 (25,673) - 19,844
Covid 19 15,861 3,200 (14,821) - 4,240
Creche 1,876 - (3,739) - (1,863)
Food Pantry - 6,269 (6,269) - -
HealthyHappy Holidays 7,137 33,664 (37,907) - 2,894
Healthy Hearts Together - 8,520 (8,520) - -
I2W 28 - - - 28
KnowYour Nelghbourhood - 8,970 (952) - 8,018
NOVA Stay& Play 1,866 - - - 1,866
Open Access Youth club - 23,250 (18,330) - 4,920
ProsperTogether - 11,000 (10,018) - 982
TheVan - 10,734 (10,734) - -
Toothbrushing 16,368 20,000 (29,688) - 6,680
WarmerSpaces - 8,994 (8,266) - 728
Wellbeing LIVE 23,746 40,334 (32,174) - 31,906
Young Futures 20,301 1,000 (21,389) - (88)
548,360 447,079 (478,673) - 516,766
Unrestricted funds:
Generalfunds 303,277 1,086,059 (1,161,804) - 227,532

Restricted funds - purpose of funds and restrictions applied

Big Lottery Fund, WMDC These funds were provided for the refurbishment of the facility at Early Years Capital, Coalfields Broadway, Lupset to bring it into use as a community centre and nursery Regeneration Trust, S. facility. The funds were provided on the condition that they were used georges PCC and Capital solely for this purpose. Fund

Page 25

St. George's Lupset Limited Notes to the Accounts

Other restricted funds

The other funds have been provided from various sources to enable the charity to employ staff and contractors to deliver community wellbeing and personal development projects to different age groups within the Lupset area.

The costs of delivering these services are set out In the application document for each grant, along with the desired outcomes of the project.

In all cases, the funds have to be applied to the purposes set out in the application and acceptance documents.

18 Analysis of net assets between funds

Unrestricted
funds		 Restricted
funds		 Total
£ £ £
Fixed assets 27,841 293,774 321,615
Net current assets 216,105 237,068 453,173
Creditors due In morethan one
provisions		 y yearand (30,490) - (30,490)
213,456 530,842 744,298
Reconciliation of net debt
Ati New At 31
September HP/Finance August
2022 Cash flows leases 2023
£ £ £ £
Cash and cash equivalents 495,595 (92,580) 403,015
495,595 (92,580) - 403,015
Borrowings (33,104) 2,614 (30,490)
(33,104) 2,614 - (30,490)
Netdebt 462,491 (89,966) . 372,525

19 Reconciliation of net debt

20 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2023 2023 2022 2022
Land
and
" an
buildings		 Other Land
and
an an
buildings		 Other
£ £ £ £
Operating leases with expiry date:
Within one year 30,300 - 30,300 -
30,300 - 30,300 -

Page 26

St. George's Lupset Limited

Notes to the Accounts

21 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 27

St. George's Lupset Limited

Detailed Statement of Financial Activities

for the year ended 31 August 2023

Unrestricted Restricted
funds funds Totalfunds Totalfunds
2023 2023 2023 2022
£ £ £ £
Income and endowments from:
Donations and legacies
Donations and project fees 5,334 - 5,334 7,051
Grants received 14,770 447,079 461,849 518,883
20,104 AATO79 AGTABS 525,934
Charitable activities
Nursery Education Fund 401,428 - 401,428 416,375
Childcare fees 539,113 - 539,113 472,506
940,540980,541 980,541 888,881
Fundraising actlvities
Fundraisingevents 116 - 116 512
116 - 116 512
Other
Salary recharges 24,441 - 24,441 13,559
Room hire 62,310 - 62,310 60,118
Coffee shop takings 12,282 - 12,282 3,704
Activity fees 11,607 - 11,607 7,514
Tralning and service provision - - - 45
Mini bus income 4,538 - 4,538 3,935
Other income 10,120 - 10,120 19,293
125,298 - 125,298 108,168
Total income and endowments 1,086,059 447,079 1,533,138 1,523,495
Expenditure on:
Costs ofother trading activities
Fundraising events 520 - 520 -
520 - 520 -
Total ofexpenditure on raising
funds		 520 520 ;
Charitable activities
Staffcosts 862,860 296,193 1,159,053 991,891
Socla! security costs 69,837 - 69,837 62,041
Pension costs 25,616 - 25,616 22,497
Training costs 2,789 1,029 3,818 1,452
Recruitment and DBS costs 1,083 812 1,895 2,675
Otherstaffcosts 504 246 750 5,032
Contractors 23,088 50,301 73,389 76,962
Minibus expenses 2,497 1,887 4,384 4,369
Motor and travelling expenses 4,839 2,585 7,424 3,804
Activitycosts - 17,817 17,817 6,660

Page 28

St. George's Lupset Limlted

St. George's Lupset Limlted
Detailed Statement of Financlal Activities
Food 30,789 21,442 52,231 37,693
Health, safety and hygiene 11,089 - 11,089 16,298
Educational consumables and
equipment		 7,207 12,036 19,243 13,884
Pupil premium 3,718 - 3,718 -
Stationeryand software 6,690 1,141 7,831 11,726
Equipment repairs and renewals 2,490 109 2,599 11,999
Photocopier 7,271 - 7,271 15,925
Grants given - 8,468 8,468 -
Room hire
"		 3,565 - 3,565 -
Other costs 1,412 201 1,613 2,195
1,067,344 414,267 1,481,611 1,287,103
Governance costs
Auditors’ remuneration 6,800 - 6,800 6,420
6,800 - 6,800 6,420
Totalofexpenditureoncharitable
activities		 1,074,144 414,267 1,488,411 «1,293,523
Otherexpenditure
Other interest payable 1,646 - 1,646 1,648
1,646 - 1,646 1,648
Premises costs
Rent 10,249 27,271 37,520 29,763
Light, heat and power 15,438 - 15,438 8,414
Premises repairs and
maintenance		 8,333 1,393 9,726 5,775
Other premises costs 1,446 - 1,446 5,111
35,466 28,664 64,130 49,063
General administrative costs,
including depreciation and
amortisation
Depreciation ofland and
buildings		 2,175 28,833 31,008 31,008
Depreciation ofComputer
equipment		 1,366 1,504 2,870 ;
Depreciation of Motor vehicles - - - -
Depreciation ofFixturesand
fittings		 879 870 1,749 :
Bad debts 153 - 153 2,700
Bank charges 619 - 619 727
General insurances 6,206 - 6,206 2,764
Postage and couriers 11,056 1,865 12,921 11,318
Subscriptions 13,612 - 13,612 11,186
Sundry expenses 3,076 2,670 5,746 1,822
39,142 35,742 74,884 61,525

Legal and professional costs

Page 29

St. George's Lupset Limited

Detailed Statement of Financial Activities

Other
legal
and
professional
ertegal and
protessiona
costs		 10,886 - 10,886 10,970
10,886 - 10,886 10,970
Total ofexpenditure ofothercosts 87,140 64,406 151,546 123,206
Total expenditure 1,161,804 478,673 1,640,477 1,416,729
Net galns on investments - - - -
Net(expenditure)/income 75,745
(		 ) 31,594 107,339 106,766
Net (expendit
income before
(expenditure)/in
othergains/(losses)		 (75,745) (31,594) (107,339) 106,766
OtherGains - - - -
Netmovement In funds (75,745) (31,594) {107,339} 106,766
Reconciliation offunds:
Total funds brought forward 303,277 548,360 851,637 744,871
Totalfundscarriedforward 227,532 516,766 744,298 851,637

Page 30