The Orrell Trust Charity No. 1096549 Company No. 04425137 Trustees, Report and Unaudited Accounts 30 April 2024
The Orrell Trust Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Fina ncial Activities 2to9 io li Balance Sheet 12 Notes to the Accounts 13to21 Page I
The Orrell Trust Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, herein present their report with the unaudited financial statements of the charity for the year ended 30 April 2024. The financial statements have been prepared in accordance with the accounting policies set out in Note I to the accou nts and comply with the charity's governing document, the Charities Act 2011, the Com panies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 04425137 Charity No. 1096549 Principal Office St John & St James Church and Community Centre 71 Bailey Drive Bootle Liverpool L20 6EX Registered Office St John & St James Church and Community Centre 71 Bailey Drive Bootle L20 6EX Olrectors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law, The following Directors and Trustees served du ring the yea r: A. Finch J. Forrest S.M. Green L.J. Heaton C. Jones R.5. 5angra P.M. Sheridan A. Stott (Resigned 29 November 20231 D. Tyrrell L. Webb Page 2
The Orrell Trust Trustees Annual Report Accountants Sefton Cou ncil for Voluntary Service Burlington House Crosby Road North Waterloo Liverpool L22 OLG Bankers Barclays Bank PLC Leicester LE87 2BB OBJECTIVES AND ACTIVITIES The Orrell Trust is a grassroots charity based in Bootle, Merseyside. Established in 2002 we are committed to improving ou r local com munity to make it a better place to live. Our bright, modern, well-equ ipped base provides a sust3 ina ble commu nity facility in an area of deprivation and disadvantage which encourage5 community cohesion and benef its individuals and the wider community. The Orrell Trust is based at St Joh n & St James Church a nd Commu nity Centre. The centre is a rnulti-purpose bu ilding which is fu Ily accessible. This f lexible and adaptable space is used for a wide range of communitv activities, The trustees have given due consideration to the Charity Commission's gu idance on the public benefit requirement. In line with identified community need, our four main areas of focus are: Developing work with older people Developing work with you ng adu Its with additional needs Developing work with children, young people, and families. Promoting community cohesion. ACHIEVEMENTS AND PERFORMANCE The previous year ended with some uncertainty around funding for the role of Project Manager. We were delighted that this was soon resolved with funding secured from the Steve Morgan Foundation and the John Moores Foundation. With th is secu rity we were able to extend ou r project manager's contract for a f urther three years, changing the job title to CEO to better reflect the nature of the role. Su bsequently ou r CEO has led the preparations for the end of our transformative th ree-year grant f rorn The National Lottery Reaching Communities Fund which concluded in March 2024. The Trust are committed to our work continu ing uninterrupted and a strategic fu ndraising plan has been developed to ensure this is achieved. This important work happen ing in the background meant this has been a period of consolidation of ou r activities after two years of susta ined growth. Our projects continu ed to provide a high quality service meeting the needs of the local community and we are proud of our programme and the positive impact it has on those living in the area. Page 3
The Orrell Trust Trustees Annual Report We are gratefu I to all those who support ou r work and in particular our volunteers whose generosity is central to all we do. Gratitude is due in particularto our friends at St John & St James Church whose support remains invaluable. Our Activities Activities for Older People Ou r work with older people is our longest esta blished project and encompasses a social clu b, a memory café, a community café, and our crochet group. This year we were focussed on bedding in our new timetable after the significant development of the previous twelve months. This did not mean that ou r activities remained static. There were a significant number of new clients across our offer a nd it is pleasing how the commu nity café has developed into a successful entry point into the wider su pport the Trust offers. Down Orrell Hey, ou r memory café, has also seen evolution with increasing numbers of carers accessing support overthe telephone alongside the weekly drop-in. The Wednesday Club continues to meet weekly and includes a regular pattern of health checks by The May Logan Centre and chair based exercise including chair based Tai Chi. Activities have included poetry workshops, card ma king, healthy eating demonstrations, and intergenerational projects with students f rom Kings Leadership Academy Hawthornes. A rea I h ighlight of the year was a Christmas din ner and dance in Southport. Case Study J hGd been G corerfor her husbondfor 15 years until he pGssed away in early 2024. Encouraged by herfomily tofind something to do that would get her out of the house she w05 pleased tofind The Orreil frust on her doorstep. J ottends The Wednesday Club, Café Thursdoy and Orrell Arts Cofé as well os wider community event5. It has given her something to do, gaining newfriendships and herfamily hove commented on how she looks happier ond more positive, J is now octively looking for work ond The Orrell Trust has been an importantfirst step in reconnecting with her community and rebuilding her confidence to be able to mL7ke this next step. Activities with Young Adults with Additional Needs The Jolly Soap Opera Mob continues to be a vibrant, creative, friendly, and safe space for young adu Its to flourish. Amongst the varied programme the undoubted highlight of the year was their original pantomime, The Greatest Showman loh no it isn'tll. This wonderful evening richly rewarded the hard work that went into the production. Performance had been a key characteristic of the group for many years before the pandemic. It was welcome return for what will certainly become a regular feature of the programme once more. Elsewhere there was a refocus on independence and confidence bu ilding in the style of the grou p's activities in recognition of the shift in age profile and needs of the group. The group were out and about a great deal in the community a nd accessing local Services with visits to cafes, the cinema, local beauty spots, and a masterclass at a pottery studio. Activities in-house simila rly ref lected th is shift in focus with the program me including activities to promote skills, opportunity, conf idence, and wellbeing. Case Study A joined the club during the last year and arrived shy, lacking in confidence, and not really going anywhere or doing very much. They were dropped offfor the first time by their porents who left worrying that A wouldn't want to stay- you can give us a call and we will pick them up any time. Page 4
The Orrell Trust Trustees Annual Report A settled in immediatelyfeeling quickly Gt home and enjoying the warm and affirming atmosphere of the club. They now love coming ond their confidence has grown enormously. A is now at thefront of the queue when the karaoke come5 Out and loves to dance. Their mum is (Jmazed at the transformation, A thoroughly enjoys Jolly Soap and their confidence has grown so much since they began with the group. Mixing with a new group offriends hos really encouraged this. It has made o world of o difference. Activities for Children, Young People, and Families This was the third and final year of the initial funding that enabled us to focus on developing our work with children, young people, and fa milies. Our Development Officer joined the team in Septem ber 202 1 to lead the development of this work in response to the needs of the local community. The work is now well established and we are committed to building on the great start that has been made. Squashie Play, ou r weekly play session for under 5s, remains hugely popular with a waiting list for enrolment. This popularity speaks to a rea I lack in the local area for similar affordable and accessible provision. Over the COLtrse of this year we have seen an increase of grandparents and fathers bringing children to the sessions which may point to a subtle shift in demographics meaning more mums are returning to work. Elsewhere our intergenerationa I work continues linking our older clients with young people from nearby schools. Schools highly value these encou nters and the mutual respect and understanding they promote. Targeted work in local schools has su pported groups of children and young people struggling to cope with the demands of the day-to-dav. Case Studv E attended Squoshie Play with her daughterfor over two years. Initially she was feeling isolated and overwhelmed with the demands of being a new parent. Over time a positive relationship grew between the team and E ond we learned obout her doily pressure and 0150 her hopes Gnd strengths. E expressed o desire to return to work when her daughter went to nursery and hoped to become a classroom assistont. The Squoshie Ploy team were able to offer encouragement, and guidance os she dealt with opplicotions and interviews. When childcare became a problem on interview doy E was oble to reach out to the support network thot Squashie Ploy had enabled her to build ond the other mum5 rallied around to ensure E could ottend the interview and get the job. Activities for the Wider Community I n Ju ly, with fu nd ing f rom Living Well Sefton, we held ou r f irst Festival of Wellbeing. Over three days we del ivered a full progra mme of activities that showcased much of what was offered both by The Orrell Trust and by our friends and partner orga nisations to su pport the wellbeing of those living in ou r community. With more than a dozen organisations offeri ng over th irty different activities it was a great opportunity for local people to try something new and ta ke a positive step for their health and wellbeing. Engagement with the activities was pleasing and we were delighted with the number of people who were accessing ou r provision for the first time. Our offer to the wider cornmunity has been extended over the course of the year as The Orrell Arts Cafe evolved f rom being an activity primarily for older people to a more genera I provision supporting the wellbeing of any adu Its living locally and needing this sort of su pport. Alongside this we 3150 held our usua I range of popular short cou rses, seasonal fayres, and fundraisers. Our community choir continues to be a joyf ul aspect of our offer to the local commu nity a nd this year it was supplemented by our youth choir with the two groups joining forces for two wonderful evenings of performance in the community centre. Page 5
The Orrell Trust Trustees Annual Report Case Study K is an adult of working age who wos referred to U5 from t7 NHS/Council/Primory Core jointlyfunded course supporting odultS to cope with past experiences in (3 Positive way. The referral was to ollow K to continue her development, to connect with otherpeople, and to leorn about arts and crafts. We supported K to access our provision by facilitating a pre-visit to see the room (Ind environment thereby easing her onxiety. As each week possed she has gained more Gnd more confidence to a point where she is now volunteering ot another community centre. K has become o real champion of The Orrell Arts Cafe,. orgonising fundraising initiotives ond signposting others to the support on offer here. Volunteers Our volu nteers are centra I to all we do at The Orrell Trust and their su pport, dedication, and passion for their local community is fundamental to our success. We are proud of our volunteering offer and our commitment to supporting each volunteer towards their personal goals whether that be taking a first step back towards employment, building confidence, developing new skills, or looking to do something valuable with their time during retirement. Case Study 8 15 a student who joined us as o volunteer with The Jolly Soap Opera Mob looking to do something to do something to support his st(Jdies, Volunteering at The Orrell Trust is a no-brainer. From minute one youfeelpart of Gfamily, community, and o group in which everyone grows, learns, and thrives together. It is helping me gain valuoble knowledge ond informotionfor the youth or Social work I would like to do in thefuture Gndfor my university course in childhood ond youth studies and sociology. Working with Gndfor young adults os they develop into themselves und the society oround them is o feel-good thing which brings a lot of personal growth, sat15faction, and value. It helps me grow into the person I want to be. Partnership Worklng Effective partnership working is crucial to what we do in order to ensu re ou r work su pporting the local com mu nity is as effective as possible. Working collaboratively with the wider voluntary sector in Bootle and Sefton facilitates a joined-up approach to provision and a more effective offer for the local commu nity. These connections avoid duplication of provision a nd instead ensure that together we complement each other's efforts, share a strategic approach to developing our local offer, and identify key opportunities to work together. Through local networks such as Living Well Sefton, Sefton CVS, and ou r local neighbourhood partnership we are a ble to keep u p-to-date on local provision in order to signpost clients to more appropriate provision if we a re una ble to meet their needs. We also welcome social prescribers, health and wellbeing mentors, and other loca I professionals to host drop-ins during Squash ie Play, The Wednesday Clu b, a nd other project5 to offer a more holistic provision for ou r service users. In January 2024 we were pleased to take part in the Steve Morgan Foundation Annual Conference as one of the organisations the foundation generously f unds. This thought-provoking day of celebration and challenge has continued in the months that followed with the establishment of learning communities to continue the conversations, shari ng, and networking. Ou r Festival of Wellbeing was the pinnacle of ou r partnership working th is year with over a dozen local orga ni5ations joining us to showcase and celebrate that which the volu ntary sector loca Ily is able to offer to support health and wellbeing. Page 6
The Orrell Trust Trustees Annual Report Our partnership with St John & St James Church remains our longest-standing and most valuable collaborative relationship and we are gratef ul to the members of the church community for their steadfast support for our work. Funding The Orrell Trust has successfully secured f unding from a number of trusts and fou ndations th is yea r. Two grants were to support the work of our CEO, namely.. A three-year grant totalling £75,000 from The Steve Morgan Foundation. A two year grant totalling £14,741 from The John Moores Foundation. Other grants for ou r project work included.. Two grants of £2,000 and £3,000 from Sefton CVS to host a warm and welcoming space. A £400 grant from The Asda Foundation for our work with older people. £1,000 from One Vision Housing to support Squashie Plav. £2,000 from Living Well Sefton for a Festival of Wellbeing. £3,180 from Living Well Sefton Neighbourhood Partnership. A £1,807 Winter Support Grant to invest in our Arts for Wellbeing work. This year was the third and final year of ourgrant from The National Lottery Reaching Communities Fund who supported us with £187,841 since April 2021. This grant ended in March 2024. We are grateful to all of ourfunders for their support and the confidence they have shown in the quality and effectiveness of our work for our local communitv. Staff The Orrell Trust employed 7 members of staff for the f inancial year 2023 - 202413.2 full time equivalentl. Our staff team are: Matt Jeziorski, Mary Carr, Kathryn Johnston, Susan Mckevitt, Di Ball, Sa rah Harpur, and Sue Scott. In addition, we have two regular freelance sessional workers with Josephine Wilcock leading ou r choirs and Sarah Bentham delivering chair based exercise at The Wednesday Club, FINANCIAL REVIEW The charity had income of £91,76512023 £105,573) and expenditure of £123,54412023 £123,688). There was a deficit of unrestricted f unds of £ 1,822 and a def icit on restricted funds of £29,957. At 30 April 2024 there were net assets of £84,197 comprising cash at bank and in hand of £86,307 less creditors and accruals of £2,110. The charity has a reserves policy of holding suff icient unrestricted reserves to meet six months unrestricted expenditu re. At 30 April 2024 there were un restricted reserves of £59,837. Six months unrestricted expenditu re was equivalent to £9,594. General Remarks The Orrell Trust makes a huge difference to the live5 of people in ou r local community. Our activities and projects reduce social isolation, build commu nity cohesion, and su pport clients to bu ild their sense of self-worth and to develop new skills. Despite the record of success we do not rest on our laurels. The operations review that will take place in the second half of 2024/25 will ensure that our services continue to be appropriate to the changing needs of ou r community as we build towards our silverjubilee. Page 7
The Orrell Trust Trustees Annual Report The Trustees are grateful for the dedicated hard work of our staff and volunteer team whose giftedness, passion, and commitment is fundamental to the success of our work. PLANS FOR FUTURE PERIODS The three-year gra nt from TNL Reaching Communities Fund has been transformational for The Orrell Trust and for this fu nding not to be renewed was a great disappointment for us. The first priority for the coming year is to identify and secure other f unding options that will secure our vital work in the long term. This will see us developing relationships with new fu nders both local and national alongside a renewed focus on improving our community fundraising. Over the last few years our offer to our local community has developed as we have responded to the changing needs of the people we serve. This has seen the development of our warm and welcoming hub; our arts for wellbeing work,. the growth in ou r offer to children, young people, and families,. and numerous short projects a nd activities to meet specific local needs. The commu nity has changed in the years since OLtr core project work was developed. Recognising that our community has changed over the years since our core work was developed, a key project forthe coming year will be a comprehensive review of our operations alongside an extensive community engagement exercise towards renewing our business plan and our local offer as we look towards and beyond our 25th anniversary in 2027. STRucfuRE, GOVERNANCE AND MANAGEMENT The Orrell Trust is a compa ny lim ited by guarantee governed by its memorandum and Articles of Association dated 25th April 2022. it is registered with the Cha rity Comm ission, Anyone over the age of 18 can become a member of the company and there are currently 8 members, each ofwhom agrees to contribute £10 in the event of the charity winding u p. The num ber of the board of trustees shall not be less tha n six but (unless otherwise determined by ordinary resolution I shall not be subject to any maximum. The board normally meets bi-month ly. CEO Matt Jeziorski is appointed by the trustees to manage the day to day operations of the charity. To facilitate effective operations the Chair of Trustees has delegated authority, within the terms of delegation approved by the trustees, for operational matters including f ina nce, employment, and service delivery activitv. None of our trustees receive remuneration or other benef it f rom their work with the charity. Any connection between a trustee or senior manager of the charity and any client or supplier is disclosed to the f ull board of trustees in the same way as any other contractual relationship with a related party. I n the cu rrent year no such related party transactions were reported. The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining our free reserves at a figure equating to six months, expenditure combined with our annual review of controls over key financial systems, will provide suff icient resou rces in the event of adverse conditions. The Trustee5 have also examined other operational and business risks which we face and confirm that they have established systems to mitigate the significant risks. Attention has also been focu55ed on non-f ina ncial risks a rising from f ire, health and safety of clients and food hygiene. These risks are managed by ensu ring accreditation is UP to date, having robust policies and procedures in place, and regula r awareness train ing for staff working in these operational areas. Page 8
The Orrell Trust Trustees Annual Report The Trustees are responsible for keeping proper accou nting records that disclose with reasona ble 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 f raud and other irregularities. The trustees are responsible for the maintenance and integrity of corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ f rom legislation in other jurisdictions. The above report has been prepared in accordance with the provisions a pplicable 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 IFRS 1021. Sign on behalf of the board orrest Chair of Trustees 27 November 2024 Page 9
The Orrell Trust Independent Examiners Report Independent Examiner's Report to the trustees of The Orrell Trust I report to the charity trustees on my examination of the f inancial statements of The Orrell Trust for the year ended 30 April 2024 which comprise the Statement of Financial Activities, the Su mmary Income and Expenditure Account, tho Bala nce Sheet and the related notes. Responsibilities and basi5 of report A5 the trustees of the cha rity land also its directors for the purposes of company lawl you are responsible for the preparation of the f inancial statements in accordance with the requirements of the Companies Act 2006 I'the 2006 Act'l. Having satisf led myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your cha rity's financial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Com mission under section 14515llbl of the 2011 Act. Independent examiner's statement I have com pleted my exam ination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that: accou nting records were not kept in accordance with section 386 of the 2006 Act , or the fina r¢cial statements do not accord with those records,. or the financial staternents do not comply with the accou nting requ irements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination,. or the financial Statements have not been prepared in accorda nce with the Charities SORP IFRS 1021. I have no concerns a nd have come across no other matters in connection with the examination to which attention should be drawn in this report in orderto enable a proper understanding of the financial statements to be reached. lan Wright Chartered Accountant Sefton Council for Volu ntary Service Bu rlington House Crosby Road North Waterloo Liverpool L22 OLG 27 November 2024 Page 10
The Orrell Trust Statement of Financial Activities for the year ended 30 April 2024 Unrestricted funds 2024 Restricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations a nd legacies Charitable activities Other 11,013 3,264 3,089 74,399 85,412 3,264 3,089 97,150 8,423 Total 17,366 74,399 91,765 105,573 Expenditure on.. Charitable activities 19,188 104,356 123,544 123,688 Total 19,188 104,356 123,544 123,688 Net ga ins on investments Net expenditure 11,8221 129,9571 131,7791 118,1151 Transfers between funds Net expenditure before other gains/{10ssesl 11,8221 129,9571 131,7791 118,1151 Other gains and losses Net movement in funds 11,822) 129,9571 131,7791 118,1151 Reconciliation of funds: Total funds brought forward 61,659 54,317 115,976 134,091 Total funds carried forward 59,837 24,360 84,197 115,976 The Statement of Financial Activities also complies with the requirements foran income and expenditure account under the Companies Act 2006. The notes on pages 13 to 21 form part of these financial statements. Page 11
The Orrell Trust Balance Sheet at 30 April 2024 Company No. 04425137 Notes 2024 2023 Current assets Debtors Cash at bank and in hand 6,499 110,737 117,236 11,2601 115,976 86,307 86,307 12,1101 84,197 Creditors: Amount falling due within one yea r Net current assets io Total assets less current liabilities 84,197 115,976 Net assets excluding pension asset or liabilitv 84,197 115,976 Total net assets 84,197 115,976 The funds of the charity Restricted funds Restricted income funds li 24,360 24,360 54,317 54,317 Unrestricted funds General funds Designated funds li 30,402 29,435 39,705 21,954 59,837 61,659 Reserves li Total funds 84,197 115,976 These accou nts have been prepared in accordance with the special provisions of Pa rt 15 of the Companies Act 2006 relating to small compa nies. For the year ended 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The member5 have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for com plying with the requirements of the Companies Act 2006 with respect to accounting records and the prepa ration of accounts. Approved by the board on 27 November 2024 And si ned on its behalf bv.. orrest Chair of Trustees 27 November 2024 Page 12
The Orrell Trust Notes to the Account5 for the year ended 30 April 2024 l Accounting policies Basis of preparation The f inancia I statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland I'FRS 102 1 and the Charities SORP "Accou nting and Reporting by Charities.. Statement of Recommended Practice a pplicable to charities preparing their accou nts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. The charity meets the def inition of a public benefit entity u nder FRS 102. Assets and liabilities are initially recognized at historica I cost or transaction value un less otherwise stated in the relevant accounting policy note. The fu nctional cu rrency used is the £ Sterling. Preparation of the accounts on a going concern basis At the time of approving the accounts, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the forseeable future. As such these accou nts have been prepared under the going concern basis. Change in basls of accounting or to previous accounts There has been no change to the accou nting policies (valuation ru les and method of accountingl since last year and no changes have been made to accounts for previous years. Fund accountlng Unrestricted funds These are available for use at the discretion of the trustees in f urthera nce of the general objects of the charity, These are unrestricted fu nds earmarked by the trustees for particula r purposes. These are un restricted fu nds which include a revaluation reserve representing the restatement of investment assets at their market values. These are availa ble for use su bject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation fu nds Restricted f unds Page 13
The Orrell Trust Notes to the Accounts Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. I ncome with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Volu ntary income received by way of grants, donations and gifts is included in the 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 expenditurel and facilities where the benefit to the Charity is reasonably qua ntifiable, measu ra ble 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/llossesl on This includes a ny gain or loss resulting from revalu ing investrnents to market value revaluation of f ixed at the end of the year. assets Gainslllossesl on investment assets This includes any gain or loss on the sale of investments. Expenditure Recogn ition of expenditure Expenditure is recognised on an accrua Is basis. Expenditu re includes any VAT which cannot be fu Ily recovered, and is reported as part of the expenditure to which it relates. Expenditu re on These comprise the costs associated with attracting volunta ry income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incu rred by the Charity in the delivery of its activities and charitable activities services in the f urthera nce of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutorv requirements of the Cha rity, including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not a Ilocated to a particu lar activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from corporation tax on its charitable activities. Page 14
The Orrell Trust Notes to the Accounts Freehold investment property Investment properties are measu red initially at cost and su bsequently at fa ir value at each balance sheet date a nd are not depreciated. All gains or losse5 are taken to the Statement of Financia l Activities as they arise. Stocks Stock is included at the lower of cost or not rea lisable value. Donated items of stock are recognised at fair value wh ich is the amount the charity wou Id have been willing to pay for the items on the open market. 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 ban k overdrafts. In the statement of financia I position, ba nk overdrafts are shown with in 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 measu red at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resu Iting from a past event that will probably result in the transfer of funds to a third party a nd the amou nt due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amou nt after allowing for any trade discounts due. Research and development Expenditu re on research and development is written off in the yea r in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in currencies otherthan the functional currency of the charity are tra nslated at the rates of exchange prevailing at the end of the reporting period. Tra nsactions in currencies other than the fu nctional cu rrency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All excha nge differences are are taken into account in arriving at net income/expenditure. Page 15
The Orrell Trust Notes to the Account5 Leased assets Where the cha rity enters into a lease which entails taking su bstantially all the risks and rewards of ownershi p of an asset, the lease is treated as a finance lease. Leases which do not transfer su bstantially all the risks and rewards of ownership to charity are classif led 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 lia bility to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments a re apportioned between f inance 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 recogn ised immed lately, u nless they are directly attributable to qua lifying assets, in which case they are capitalised in accorda nce with the charity's policy on borrowing cost5. Asset5 held u nder finance leases are depreciated in the sa me 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 recogn ised 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 def ined contribution plan is a pension plan u nder which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no fu rther payments obligations. The contributions are recognised as expenses when they fall due. Amou nts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately f rom the company in independently administered fu nds. Recelpt of donated 8oods, facilities and services All donated goods, facilities a nd services received are recognised with in incoming resources and expenditu re at a n estimate of the value to the charity. 2 Company status The company is a private company lim ited by guarantee and consequently does not have share capital. Page 16
The Orrell Trust Notes to the Accounts 3 Statement of Financial Activities prior year Unrestricted funds Restricted funds Total funds 2023 2023 2023 Income and endowments from: Donations and legacies Charitable activities 10,256 8,423 86,894 97,150 8,423 Total 18,679 86,894 105,573 Expenditure on: Charitable activities 8,520 115,168 123,688 Total 8,520 115,168 123,688 Net income 10,159 128,2741 118,1151 Net income before other gains/llo5sesl Other gains and losses.. Net movement In funds 10,159 128,2741 118,1151 10,159 128,2741 118,1151 Reconciliation of funds: Total funds brought forward Total funds carried forward 51,500 82,591 134,091 61,659 54,317 115,976 Page 17
The Orrell Trust Notes to the Accounts 4 Income from donations and legacies Unrestricted Restricted Total Total 2024 2023 Donations 11,013 11,013 1,000 10,439 1,000 One Vision Housing The National Lottery Reaching Communities Children and Young People Steve Morgan Foundation ASDA Foundation 1,000 33,354 33,354 65,620 173 173 18,750 400 18,750 400 Sefton Warm Spaces Sefton CVS Winter Support Platinum Jubilee Com ic Relief Living Well Sefton Community Champions191 Living Well Sefton Partnership Funding Living Well Sefton Welcome Space Living Well Sefton Community Champions1111 John Moores Foundation 3,000 1,807 3,000 1,807 550 994 994 8,951 3,180 3,180 1,590 3,500 2,000 2,000 3,500 2,000 9,741 74,399 9,741 85,412 11,013 97,150 5 Income from charitable activities Unrestricted Total Total 2024 2023 Community events and activities 3,264 3,264 8,423 3,264 3,264 8,423 6 Other income Unrestricted Total Total 2024 2023 Employment Allowance 3,089 3,089 3,089 3,089 Page 18
The Orrell Trust Notes to the Accounts 7 Expenditure on charitable activities Unrestricted Restricted Total Total 2024 2023 Expenditure on charitable activities Community events and activities 3,283 16,338 19,621 27,968 Admin costs Employee costs Motor and travel costs 13,410 77,847 277 91,257 277 77,516 237 Premises costs 8,480 1,414 8,480 10,926 5,001 266 General administrative costs 1,414 Legal and professional costs Support costs Insurance 438 438 411 Stationery Independent Examination Payroll Bu reau Charges 907 907 319 250 250 250 900 900 794 19,188 104,356 123,544 123,688 8 Staff Costs 2024 2023 Sa laries and wages Social secu rity costs Pension costs 87,353 958 2,551 90,862 75,109 397 1,793 77,299 No employee received emoluments in excess of £60,000. 9 Debtors 2024 2023 Other debtors 6,499 6,499 10 Creditors: amounts falling due within one year 2024 2023 Cred it card balance Other creditors Accruals 488 1,372 250 163 847 250 2,110 1,260 Page 19
The Orrell Trust Note5 to the Accounts 11 Movement in funds Income (including other Expenditure At 30 April 2024 At l May gains/losses 2023 Restricted funds: Restricted incorne funds: Comic Relief The National Lottery Reaching Communities Older Persons Project Steve Morgan Foundation John Moores Foundation Meet & Eat Children and Young People Sefton CVS . Winter Support Thejolly Soap Opera Mob ASDA 5efton CVS Warm Spaces Living Well Sefton Welcome Space Living Well Sefton Partnership Funding Sefton CVS - Sefton Heritage One Vision Housing Mayor's Fund Tudor Trust Virgin Media 102 Together Living Well Sefton Community Champions 1,778 994 12,7721 34,559 7,913 33,354 166,7561 12,3241 118,7501 12,5121 11191 1,157 5,589 18,750 9,741 7,229 119 173 175 1,807 11,2281 423 579 4,038 4,461 400 400 3,000 12,9031 97 2,757 2,000 14,7571 838 3,180 17561 11181 11,3711 1721 12241 11141 3,262 118 1,075 72 1,000 704 224 447 333 379 151 374 Total 54,317 74,399 1104,3561 24,360 Unrestricted funds: General funds 39,705 3,842 113,1451 30,402 Designated fund5: Redundancy Fund CEO 6,782 4,808 2,000 2,000 2,000 2,000 284 4,464 12,8081 11,6891 {4,4411 4,399 11,2211 11271 11,246 2,000 2,000 2,000 8,000 2,000 189 Older Persons Project Thejolly Soap Opera Mob Children and Young People Choir Meet & Eat 1,689 4,441 1,601 1,221 32 Page 20
The Orrell Trust Notes to the Accounts Community Events Total 2,080 4,540 14,6201 2,000 21,954 13,524 16,0431 29,435 Total funds 115,976 91,765 1123,5441 84,197 Purposes and restrictions in relation to the funds.. Restricted funds.. Com ic Relief The National Lottery Reaching Communities Older Persons Project Older persons Steve Morgan Foundation Salary of Project Manager John Moores Foundation Salary of CEO Meet & Eat Social Activities Child ren a nd Young People Children and Young People Sefton CVS - Winter Support Winter Support The Jolly Soap Opera Mob Social club for young adu Its with add itional needs ASDA Community activities Sefton CVS Warm Spaces Warm spaces Living Well Sefton Welcome Welcome Space Space Livin8 Well Sefton Partnership Funding Sefton CVS - Sefton Heritage I ntergenerational heritage project One Vision Housing Community development Mayor's Fund Work with older people Tudor Trust Wellbeing Virgin Media 102 Together Ga rdening project Living Well Sefton Community Champions Community Champions Designated funds., Redundancy Fund CEO Older Persons Project The Jolly Soap Opera Mob Children and Young People Choir Meet & Eat Community Events Supporting organ isation and benef iciaries Core project costs Community activities Provision for redunda ncy CEO Older Persons Social club foryoung adults with additional needs Children and young people Choir Social activities Community events 12 Analysis of net assets between funds Unrestricted funds Restricted funds Total Net current assets 59,837 59,837 24,360 24,360 84,197 84,197 Page 21
The Orrell Trust Notes to the Accounts 13 Reconciliation of net cash / (net debt) Atlmay 2023 At 30 April 2024 Cash flows Cash a nd cash equ ivalents 110,737 110,737 124,4301 124,4301 86,307 86,307 Net cash / Inet debt) 110,737 124,4301 86,307 FR5 102 requ ires and entity to report changes in net debt in the accounting period. The Orrell Trust does not carry any debt or other borrowings and has a positive net cash position 14 Commitments Pension ¢ommitmentS 2024 2023 The pension cost charge to the company amounted to.. 2,551 1,793 15 Related party disclosures Controlling party The company is limited by guarantee and has no share capital; thus no single party controls the company, Page 22