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← St George's Lupset Ltd

2024-08-31-accounts

St. George's Lupset Limited

Charity No. 1094331

Company No. 03848228

Trustees' Report and Audited Accounts

31 August 2024

St. George's Lupset Limited Contents

Pages
Trustees' Annual Report 2 to 8
Auditor's Report 9 to 12
Statement of Financial Activities 13
Summary Income and Expenditure Account 14
Balance Sheet 15
Statement of Cash flows 16
Notes to the Accounts 17 to 27

Page 1

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 financial statements of the charity for the year ended 31 August 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 03848228

Charity No. 1094331

Principal Office

St Georges Community Centre Broadway Wakefield West Yorkshire WF2 8AA

Registered Office

St George's Community Centre Broadway Wakefield 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 M.W. Holt V.L. Hughes R.E. Jackman F. Jackson D.L. Kilburn J. McGill

M. Tattersall A.E. Tosta E.J. Woodhouse

Auditor

Hansons St Oswald House St Oswald Street Castleford WF10 1DH

Page 2

St. George's Lupset Limited Trustees Annual Report

Bankers

Unity Trust Bank plc

9 Brindley Place

Birmingham B1 2HB

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing document.

St George’s charitable objectives 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 which 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 aims are for the charity to recognise activities that will benefit the local community within the objectives set out above. In doing so, they have regard to the guidance contained in the Charity Commission’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 charity has brought those groups of people that it is set up to help.

The charity's principal activities 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 existing creative partnership arrangements with local, statutory and other VCSE organisations. In doing so St George’s role as a key community anchor and hub, was, once more, widely recognised and supported.

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

Page 3

St. George's Lupset Limited Trustees Annual Report

Childcare

Our four nurseries continue to offer high-quality childcare for local families. The full day-care service at two of those settings thrived and waiting lists had developed. During the year, a majority of our children left the nurseries 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. One of those nurseries at St Swithun’s received an Outstanding Ofsted report in April 2024. The report praised the “warm, welcoming and safe environment” and the “rich and varied range of activities and experiences” provided. The nursery was rated “outstanding” across the board on the quality of education, behaviour and attitudes, personal development and leadership and management. We also continued to lead on the Wakefield District Oral Health Champion Programme and Supervised Tooth Brushing Scheme in nurseries. We distribute funding, training and support. Our aim is to reduce risk factors for tooth decay in under-fives. During the year our childcare staff completed 212 training events, and we provided childcare for 280 families

Adult Learning

We provided 24 courses and supported 174 learners. We offered a range of accredited courses, including CSCS, Forklift Truck, SIA Security and Support Work in Schools. We also offered general interest courses like aromatherapy, crafts and Zumba exercises.

Young People’s Work

Our Young Futures team offer activities for children and young people aged 5-25. Their term-time sessions include Tech Zones for getting online, Youth Cafes, live music events plus outreach. They also run sessions in school holidays as part of the district-wide Happy Healthy Holidays scheme. This year some of our groups took place supporting many children across the school year, whilst young people and their families attended activities in the school holidays.

Our Future SELPH project offered mental health and wellbeing support for 16–25-year-olds in our community. Through this service we offered 1-2-1 support and optional groups, such as the volunteer-led Art Group. Our team had an average caseload of 114 young people at any one time and supported over 135 new young people in 2023-24. This equated to 3511 one-to-one sessions and 588 group attendances.

Adult Wellbeing

Our community groups offered opportunities for local adults to meet others in a friendly and welcoming space. We hosted weekly sessions which catered for a variety of interests and access needs, including Chair Exercise, a Thursday Leisure Club, Singing for Fun, Crafty Chat and a Friday Lunch Club. Over the winter months we also ran family-oriented Warm, Welcome Spaces activities at our centre, offering free fun sessions together with hot meals. Our community allotment attracted a range of participants with a variety of wellbeing related needs and aspirations.

Page 4

St. George's Lupset Limited Trustees Annual Report

General Support Services.

We were a key centre for a Help at the Hub project and amongst the services we provided were important drop-ins for partner services including Citizen’s Advice, Step-Up Employability, DWP, and the NHS Yorkshire Smokefree initiative. During 2023-24 we also hosted quarterly one-Stop Pop-Up events where a broader range of organisations were available for local people alongside free food and refreshments. Our ‘Walk-in wardrobe’ continued to give local young people and children access to good quality clothing, including school uniforms, toiletries and sanitary items. We continue to offer food provision to local people through emergency food parcels and our Food Pantry. As a recipient of a Prosper Together grant we were able to give support to several ‘Households on the Edge’ (households that were deemed not to be in crisis, but which might easily find themselves so as a result of a lack of financial resilience).

Our Centre

Our Community Centre continued to offer room and minibus hire. Our Community Café once more proved to be a popular place for local people as well as our own and partnership staff alike to meet and enjoy good quality food and refreshment at reasonable prices. It also offered free wi-fi, a book exchange, toy and games library, and litter pick equipment hire on site.

Volunteering

We completed a three-year, National Lottery Community Fund project which helped build our volunteer programme. Through this we engaged with 75 local volunteers and, during the year 19 new volunteers joined us. These volunteers supported 14 groups, 4 of which were new, and 110 hours of volunteer time was spent supporting community events. During the year we appointed to a Volunteer Support position.

Community Engagement

Our Community Engagement strategy enabled us to reach a wider audience. During the year we ran two impact questionnaires for adults and one for children and young people. These were designed to help us assess the relevance and effectiveness of our activities and services

Charity Award.

During the year we applied to be the Charity of the Year 2024 at Wakefield Business Awards. Our application was shortlisted and ultimately won the award at a ceremony in November 2024. The judges praised St George’s “excellent knowledge of the sector” and the clear passion we show for our work. Reference was made to the diversity of needs met and the wide variety of activities provided, whilst it was recognised that we co-create the activities with the community well to provides reassurance meeting real local needs.

FINANCIAL REVIEW

During the year, outgoing resources have exceeded incoming resources by £42,655; a surplus of incoming resources over outgoing resources of £94,513 in respect of unrestricted funds and a surplus of outgoing resources over incoming resources of £51,858 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 receive 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 £322,045 (2023: £227,532) and restricted reserves of £464,908 (2023: £516,766).

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,

Page 5

St. George's Lupset Limited Trustees Annual Report

PLANS FOR FUTURE PERIODS

In line with the purposes described in its Memorandum and Articles of Association, the broad direction provided for in our Strategy Map and on the basis of our impact assessment, we will seek to…

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document.

The charity is a company limited by guarantee without shares 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 would up is limited to a sum not exceeding £1.

Page 6

St. George's Lupset Limited Trustees Annual Report

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 induction session (including an induction pack), delivered by the Chair and CEO.

Organisational structure.

St George’s Lupset Ltd has a board of 10 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 has delegated certain powers of scrutiny to a Finance and Sustainability Committee and a Human Resources. Committee, which report to the full board of trustees at each meeting. We have formed a Safeguarding Monitoring Group which meets quarterly and reports to the Board. 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 aims to encourage personal responsibility and innovation amongst staff. Regular reports to peers, line managers and the St Georges board ensured accountability from the executive team.

RELATED PARTIES AND RELATIONSHIPS WITH OTHER ORGANISATIONS

St George’s is a key, membership organisation of Nova Wakefield District (the main Third Sector infrastructure organisation in Wakefield), Wakefield Young Lives Consortium and Locality, a strategic organisation which seeks to support the interests of community anchor organisations and charities. It is also part of a network of Community Hubs which operate across Wakefield District to serve the interests and needs of local communities.

RISK MANAGEMENT.

St George’s operates a Risk Management Policy and a Business Continuity Plan both of which are regularly updated. During the year we developed our Risk Register through which our trustees and managers are able to monitor internal and external environmental changes which might directly affect our strategic, financial, operational, legal, and governance performance.

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 Limited 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 OUR 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 all 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 13th May 2025

Page 8

St. George's Lupset Limited Audit Report Unqualified

INDEPENDENT AUDITOR’S REPORT TO MEMBERS OF ST. GEORGE’S LUPSET LTD.

Opinion

We have audited the accounts of St. George's Lupset Limited (the 'charitable company') for the year ended 31 August 2024 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 financial reporting framework that has been applied in their 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 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 material 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

In our opinion, based upon the work undertaken in the course of the audit:

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 liquidate 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 material 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 material 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.

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 regulations.

We identified the laws and regulation applicable to the company through discussions with directors and management, and from our commercial knowledge of the sector in which the business 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 legalisation, data protection, anti 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 financial 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:

Performance 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 rationale behind significant and unusual transactions.

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-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities 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.

Page 11

St. George's Lupset Limited Audit Report Unqualified

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 Companies 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 this report, or for the opinions we have formed.

Mark Upex, Senior Statutory Auditor

For and on behalf of Hansons, Accountants and Statutory Auditors

St Oswald House

St Oswald Street

Castleford

WF10 1DH

13 May 2025

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

Page 12

St. George's Lupset Limited

Statement of Financial Activities

for the year ended 31 August 2024

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other trading activities
7
Other
8
Total
Expenditure on:
Raising funds
9
Charitable activities
10
Total
Net gains on investments
Net income/(expenditure)
12
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
57,287
1,128,270
2,080
156,445		 Restricted
funds
2024
£
507,130
-
48
9,341		 Total funds
2024
£
564,417
1,128,270
2,128
165,786		 Total funds
2023
£
467,183
940,541
116
125,298
1,344,082
853
1,254,354		 516,519
-
597,210		 1,860,601
853
1,851,564		 1,533,138
520
1,639,957
1,255,207
-		 597,210
-		 1,852,417
-		 1,640,477
-
88,875
-		 (80,691)
-		 8,184
-		 (107,339)
-
88,875
227,532		 (80,691)
516,766		 8,184
744,298		 (107,339)
851,637
316,407 436,075 752,482 744,298

Page 13

St. George's Lupset Limited

Summary Income and Expenditure Account

for the year ended 31 August 2024

Income
Gross income for the year
Expenditure
Interest payable
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income/(expenditure) before tax
for the year
Net income /(expenditure )for the year		 2024
£
1,860,601
1,860,601
1,816,300
1,646
34,471
1,852,417
8,184
8,184		 2023
£
1,533,138
1,533,138
1,603,204
1,646
35,627
1,640,477
(107,339)
(107,339)

Page 14

St. George's Lupset Limited

Balance Sheet

at 31 August 2024

Company No.
03848228		 Notes 2024 2023
£ £
Fixed assets
Tangible assets 14 287,144 321,615
287,144 321,615
Current assets
Debtors 15 74,237 67,512
Cash at bank and in hand 442,826 403,015
517,063 470,527
Creditors:Amount falling due within one year 16 (23,848) (17,354)
Net current assets 493,215 453,173
Total assets less current liabilities 780,359 774,788
Creditors:Amounts falling due after more than one year 17 (27,877) (30,490)
Net assets excluding pension asset or liability 752,482 744,298
Total net assets 752,482 744,298
The funds of the charity
Restricted funds 18 436,075 516,766
Unrestricted funds 18 316,407 227,532
Total funds 752,482 744,298

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 09 May

2025 And signed on its behalf by:

M.W. Holt Trustee

13th May 2025

Page 15

St. George's Lupset Limited Statement of Cash flows

for the year ended 31 August 2024

Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Other gains/losses
Increase in trade and other receivables
Increase in trade and other payables
Net cash provided by/(used in) operating activities
Net cash used in investing activities
Cash flows from financing activities
Repayment of borrowings
Net cash used in financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2024
£
8,184
34,471
-
(6,725)
6,494
42,424
-
(2,613)
(2,613)
39,811
403,015
442,826
442,826
442,826		 2023
£
(107,339)
35,627
-
(3,651)
3,870
(71,493)
(18,473)
(2,614)
(2,614)
(92,580)
495,595
403,015
403,015
403,015

Page 16

St. George's Lupset Limited

Notes to the Accounts

for the year ended 31 August 2024

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.

The financial statements are prepared on a going concern basis 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 charitable company, 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. 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 sufficient 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 resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 17

St. George's Lupset Limited Notes to the Accounts

Expenditure Recognition of expenditure

Expenditure on raising funds Expenditure on charitable activities

These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.

These comprise the costs incurred by the Charity in the delivery of its activities and services in the

furtherance of its objects, including the making of grants and governance costs.

Taxation

The charity is exempt from corporation tax on its charitable activities.

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.

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 maturities 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 provisions 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

Page 18

St. George's Lupset Limited Notes to the Accounts

estimated reliably. 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 classified 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 charity 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

St. George's Lupset Limited

Notes to the Accounts

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Other
Total
Expenditure on:
Raising funds
Charitable activities
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2023
£
20,104
940,541
116
125,298
1,086,059
520
1,161,284
1,161,804
(75,745)
(75,745)
(75,745)
303,277
227,532		 Restricted
funds
2023
£
447,079
-
-
-
447,079
-
478,673
478,673
(31,594)
(31,594)
(31,594)
548,360
516,766		 Total funds
2023
£
467,183
940,541
116
125,298
1,533,138
520
1,639,957
1,640,477
(107,339)
(107,339)
(107,339)
851,637
744,298

Page 20

St. George's Lupset Limited

Notes to the Accounts

4 Income from donations and legacies

Donations and fees
Grants received
5
Income from charitable activities
Nursery Education Fund
Childcare fees
Pupil Premium
6
Grants received during the
year
Conexus Health care Limited
Age UK Wakefield District
NOVA - Health at the Hub
Wellbeing LIVE
Open Access Youth Club
Food Pantry
Healthy Happy Holidays
Garfield Weston
Know Your Neighbourhood
Young Lives Consortium
Prosper Together
Healthy Hearts Together
Warmer Spaces
Power to change
Other		 Unrestricted
£
4,120
53,167
57,287		 Restricted
£
7,645
499,485
507,130
Unrestricted
£
576,222
550,148
1,900
1,128,270		 Total
2024
£
11,765
552,652
564,417
Total
2024
£
576,222
550,148
1,900
1,128,270
Total
2024
£
231,750
65,000
57,512
47,866
31,153
28,396
22,249
25,000
21,234
-
9,775
-
-
4,000
8,717
552,652		 Total
2023
£
5,334
461,849
467,183
Total
2023
£
401,428
539,113
-
940,541
Total
2023
£
206,969
53,750
30,500
40,334
23,250
8,269
33,664
-
8,994
21,159
11,000
8,520
8,970
-
6,470
461,849

Page 21

St. George's Lupset Limited

Notes to the Accounts

7 Fundraising activities

Fundraising events
8
Other income
Salary recharges
Room hire
Coffee shop takings
Activity fees
Mini bus income
Other income
9
Expenditure on raising funds
Fundraising events		 Unrestricted
£
2,080
2,080
Unrestricted
£
28,843
101,223
14,610
560
4,678
6,531
156,445		 Restricted
£
48
48
Restricted
£
-
(125)
-
8,355
629
482
9,341
Unrestricted
£
853		 Total
2024
£
2,128
2,128
Total
2024
£
28,843
101,098
14,610
8,915
5,307
7,013
165,786
Total
2024
£
853		 Total
2023
£
116
116
Total
2023
£
24,441
62,310
12,282
11,607
4,538
10,120
125,298
Total
2023
£
520

Page 22

St. George's Lupset Limited

Notes to the Accounts

10 Expenditure on charitable activities

10 Expenditure on charitable activities
Unrestricted Restricted Total Total
2024 2023
£ £ £ £
Expenditure on charitable
activities
Staff costs 1,056,415 409,423 1,465,838 1,260,969
Contractors 8,969 34,713 43,682 73,389
Motor and travelling 4,575 8,381 12,956 11,808
expenses
Food 29,355 18,316 47,671 52,231
Activity costs - 20,103 20,103 17,817
Health, safety and hygiene 12,528 4 12,532 11,089
Educational consumables 8,378 8,484 16,862 19,243
and equipment
Grants made - 17,900 17,900 8,468
Room hire - 33,227 33,227 3,565
Other direct charitable costs 8,638 1,908 10,546 23,032
1,128,858 552,459 1,681,317 1,481,611
Support costs absorbed into
charitable activities 118,716 44,751 163,467 151,546
1,247,574 597,210 1,844,784 1,633,157
Governance costs
6,780 - 6,780 6,800
1,254,354 597,210 1,851,564 1,639,957
11 Support costs
Unrestricted Restricted Total Total
2024 2023
£ £ £ £
Other interest payable 1,646 - 1,646 1,646
Premises costs 58,965 4,492 63,457 64,130
Amortisation, depreciation,
impairment, profit/loss on 5,638 28,833 34,471 35,627
disposal of fixed assets
General administrative costs 46,525 4,424 50,949 39,257
Legal and professional costs 5,942 7,002 12,944 10,886
118,716 44,751 163,467 151,546

Page 23

St. George's Lupset Limited Notes to the Accounts

12 Net income/(expenditure) before transfers

This is stated after charging:
Depreciation of owned fixed assets
Auditors' remuneration
13Staff costs
No employee received emoluments in excess of £60,000.
Salaries and wages
Social Security costs
Pension costs
Staff costs in unrestricted funds
Staff costs in restricted funds		 2024
£
34,471
6,800
2024
£
1,342,124
86,988
27,337
1,456,449
1,049,480
406,969
1,456,449		 2023
£
35,627
6,800
2023
£
1,159,053
69,837
25,616
1,254,506
958,313
296,193
1,254,506
The average monthly number
Management and
Administration
Childcare
Service delivery
14Tangible fixed assets
Cost or revaluation
At 1 September 2023
At 31 August 2024
Depreciation and
impairment
At 1 September 2023
Depreciation charge for the
year
At 31 August 2024
Net book values
At 31 August 2024
At 31 August 2023		 of full time equivalent employees during the year was as follows:
2024
2023
Number
Number
3
3
55
52
12
10
70
65
Land and
buildings
Computer
equipment
Motor
vehicles
Fixtures and
fittings
Total
£
£
£
£
£
1,018,603
28,650
53,008
90,512
1,190,773
1,018,603
28,650
53,008
90,512
1,190,773
710,842
20,041
53,008
85,267
869,158
31,008
2,152
-
1,311
34,471
741,850
22,193
53,008
86,578
903,629
276,753
6,457
-
3,934
287,144
307,761
8,609
-
5,245
321,615		 of full time equivalent employees during the year was as follows:
2024
2023
Number
Number
3
3
55
52
12
10
70
65
Land and
buildings
Computer
equipment
Motor
vehicles
Fixtures and
fittings
Total
£
£
£
£
£
1,018,603
28,650
53,008
90,512
1,190,773
1,018,603
28,650
53,008
90,512
1,190,773
710,842
20,041
53,008
85,267
869,158
31,008
2,152
-
1,311
34,471
741,850
22,193
53,008
86,578
903,629
276,753
6,457
-
3,934
287,144
307,761
8,609
-
5,245
321,615
65
Total
£
1,190,773
1,190,773
869,158
34,471
903,629
287,144
321,615

Page 24

St. George's Lupset Limited Notes to the Accounts

15Debtors
Trade debtors
Prepayments and accrued income
16Creditors:
amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income
17Creditors:
amounts falling due after more than one year
Other loans		 2024
£
62,718
11,519
74,237
2024
£
11,703
5,645
6,500
23,848
2024
£
27,877
27,877		 2023
£
60,868
6,644
67,512
2023
£
6,204
4,650
6,500
17,354
2023
£
30,490
30,490

Page 25

St. George's Lupset Limited Notes to the Accounts

18 Movement in funds

Restricted income funds:
Future Selph
Big Lottery Fund
WMDC Early Years Capital
Grant
Coalfields Regeneration Trust
St Georges PCC
Capital Fund
Connecting Communities
Covid 19
Creche
Food Pantry
Healthy happy Holidays
I2W
Know Your Neighbourhood
NOVA Stay and Play
Open Access Youth Club
Prosper Together
Toothbrushing
Warmer Spaces
Wellbeing
Young futures
Poverty Support
Total
Unrestricted funds:
General funds		 At 1
September
2023
£
141,919
25,915
31,315
78,042
4,574
154,846
19,844
4,240
(1,863)
-
2,894
28
8,018
1,866
4,920
982
6,680
728
31,906
(88)
-
516,766
227,532		 Incoming
resources
£
231,615
-
-
-
-
-
65,000
-
-
22,894
22,249
-
21,234
-
31,153
9,775
42,062
-
55,304
-
15,233


Resources
expended
£
(279,860)
(2,591)
(3,300)
(7,804)
(457)
(14,681)
(57,136)
-
-
(21,690)
(25,692)
-
(19,977)
-
(46,805)
(10,714)
(19,261)
(525)
(72,561)
-
(14,156)

(597,210)

(1,255,207)		 At 31
August
2024
£
93,674
23,324
28,015
70,238
4,117
140,165
27,708
4,240
(1,863)
1,204
(549)
28
9,275
1,866
(10,732)
43
29,481
203
14,649
(88)
1,077
516,519 436,075
1,344,082 316,407

Restricted funds:

Big Lottery Fund, WMDC Early Years Capital, Coalfields Regeneration Trust, St. Georges PCC and Capital Fund

These funds were provided for the refurbishment of the facility at Broadway, Lupset to bring it into use as a community centre and nursery facility. The funds were provided on the condition that they were used solely for this purpose.

Future Selph

To provide free and tailored support to young people aged 16 to 25 experiencing difficulties with their mental and emotional wellbeing.

Page 26

St. George's Lupset Limited Notes to the Accounts

Connecting Communities

To support increased local community reach and impact of existing cultural activity in Wakefield district.

Wellbeing

Toothbrushing

To provide a range of wellbeing services and activities.

To provide supervised toothbrushing in schools

19 Analysis of net assets between funds

Fixed assets
Net current assets
Creditors due in more than one year and
Provisions
Reconciliation of net debt
Cash and cash equivalents
Borrowings
Net debt		 At 1
September
2023
£
403,015
403,015
(30,490)
(30,490)
372,525		 Unrestricted
funds
£
24,378
319,906
(27,877)
316,407
Cash flows
£
39,811
39,811
2,613
2,613

42,424		 Restricted
funds
£
262,766
173,309
-
436,075
New
HP/Finance
leases
£
-
-

-		 Total
£
287,144
493,215
(27,877)
752,482

At 31
August
2024
£
442,826
442,826
(27,877)
(27,877)
414,949

20 Reconciliation of net debt

21 Commitments

Operating lease commitments

Commitments under operating leases are as follows:

Operating leases with expiry date:
Within one year		 2024
Land and
buildings
£
-
-		 2024
Other
£
-
-		 2023
Land and
buildings
£
30,300
30,300		 2023
Other
£
-
-

22 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