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← Linwood Community Co-Operative Ltd

2025-03-31-accounts

Charity registration number 1102382 (England and Wales) Company registration number 04989222

LINWOOD COMMUNITY CO-OPERATIVE LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

LINWOOD COMMUNITY CO-OPERATIVE LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

S J Ford J M Freeman L E Johnston B B Massie J Wood S E Johnston

Charity number (England and Wales) 1102382 Company number 04989222 Registered office Kingswood Community Centre Alberta Close Corby Northamptonshire NN18 9HU Independent examiner Moore Oakley House Headway Business Park 3 Saxon Way West Corby Northamptonshire NN18 9EZ

LINWOOD COMMUNITY CO-OPERATIVE LTD

CONTENTS

Page
Chair's report 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 16

LINWOOD COMMUNITY CO-OPERATIVE LTD

CHAIR'S REPORT

FOR THE YEAR ENDED 31 MARCH 2025

During the financial year 2024/2025, we have continued to build on our role as a vital community hub, supporting residents of the Kingswood Estate and surrounding areas. Our focus has remained on providing accessible, affordable, and inclusive services for all members of the community.

The community café has continued to operate successfully, with prices held at their current level to ensure affordability for residents during a time of rising living costs. This commitment reflects our dedication to removing financial barriers and maintaining a welcoming space for all.

Our facilities, including the sports hall, youth room, and training room, have continued to be well-used through regular hire, enabling us to generate income while supporting a wide range of community activities.

The Kingswood Food Bank has grown significantly over the past year, supporting more people than ever before. This essential service is generously sustained through donations from Cornerstone Methodist Church, Morrisons, and successful funding applications. However, securing funding continues to be challenging. As a multi-use charity, much of the funding available is restricted and cannot be used to cover our own hall hire, making it increasingly difficult to generate sufficient income in the current cost-of-living crisis.

We have maintained strong partnerships with Northamptonshire Sport Place Lead, Northants Police, NNC Family Hubs Youth Worker, North Northants Council services, and local authority councillors. These collaborations have enabled us to enhance the range and quality of services we offer, ensuring the community receives the best possible support.

The Kingswood Urban Development Project has continued to thrive, now in its third year of operation, delivering weekly activities and organising events during half-term breaks and summer holidays.

We also identified a growing need for special educational needs (SEN) provision and are proud to say that accessibility is now embedded into most of our activities. In addition, we support a dedicated SEND group run by local parents, creating inclusive opportunities for children and families.

Our achievements this year would not have been possible without the hard work and dedication of our staff, the invaluable contribution of our volunteers, and the ongoing support we receive from our community and partners. The positive feedback from residents reaffirms the value of what we do and motivates us to continue developing and delivering services that meet local needs.

It has been a great year of growth, partnership, and impact, and we remain committed to supporting the Kingswood community with passion and purpose.

J Wood Chairman

Date: 29 September 2025

LINWOOD COMMUNITY CO-OPERATIVE LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies 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 applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The charity's main objective is the provision of community facilities which operate from a local community centre.

The trustees aim is to make the community centre sustainable and provide a warm and welcoming environment for the local community and to forge links with the local authorities and council.

The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Social investments

The charity enables local residents and organisations to come together and through the provision of facilities and support to local groups enable the community to grow together and bring positive changes to their lives and futures.

Volunteers

The charity is grateful for the support and effort of its volunteers who have given valuable time in managing the centre, organising activities, gardening and ensuring that the centre is a valuable community asset. Their hard work alongside prudent management has helped to mitigate any financial burden and has enabled the community centre to thrive.

All of our staff and volunteers hold Food Hygiene Level 2 qualifications providing excellent service to our users. We are always looking for volunteers to support our staff and training plans are subsidised to enable more formal qualifications to be gained.

Achievements and performance

Significant activities and achievements against objectives

The food bank, which was created during the pandemic has seen increased funding from various sources, whilst also seeing an amplified audience as inflation has significantly impacted the community. The success of the foodbank has enabled the cooperative to branch out, with the added ability to provide ‘wider essentials.’

One of our main activities this year has been the continuation of the food bank and donations of food parcels to our local community. This service continues to grow with demand only expected to keep increasing into the new financial year. The Kingswood Urban Development Project was launched 2022, the introduction of the Youth Sport Coordinator has supported the project to go from strength to strength. This combined with the added ability to offer extended activities provided by external delivery partners have ensured the local children are still provided with a safe, happy and friendly environment to engage in. The added Special Educational Needs and Disability Programme has meant that the KUD Project can offer an inclusive programme of activities for Children and Young People with SEND.

We are continuing our success by working with Northamptonshire Sport and North Northants Council to upgrade capital works to improve the area.

LINWOOD COMMUNITY CO-OPERATIVE LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

Core funding is received from North Northamptonshire Council and the contribution received in the current year amounted to £nil (2024: £78,000). Other grant funding has seen an increase from regular contributors, the amounts received in the current year amounted to £84,600 (2024: £59,546). Income from cafe sales and facility hire amounted to £105,715 (2024: £97,692). Through careful control of costs the trustees are pleased to report a surplus for the year of £37,159 (2024: £120,791). The charity holds £344,690 unrestricted reserves at the year-end (2024: £369,300). It is the aim of the charity to hold reserves representing six months operating costs.

At 31 March 2025 the trustees are pleased to report reserves held in excess of this amount. The charity also holds £189,365 (2024: £127,596) in a restricted fund, this has been earmarked by the charity to help local groups to get established and become sustainable.

Going concern

Despite healthy cash reserves, there is a concern about the future of the community centre as the potential loss of Local Authority funding becomes a possibility. This funding has been instrumental in keeping the centre; clean, heated and maintained and without it this site would likely now be derelict

Structure, governance and management

Linwood Community Co-operative Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 9 December 2003 (updated 3 August 2011). It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the company; at the year-end there were five members.

The charity has six trustees, the majority of who are also directors. Collectively they form a management committee together with other members; they will make the final decisions with regard to staffing, recruitment, policy making and finance. they meet on a monthly basis.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

S J Ford

J M Freeman

L E Johnston

B B Massie J Wood S E Johnston

Recruitment and appointment of trustees

The current trustees and directors have been recruited from volunteers within the local community. recruitment is advertised internally for vacancies and approaches made to community user groups.

All new trustees are given a copy of the memorandum and articles of association and instructed on the duties and responsibilities of a charity trustee. All the trustees are familiar with the work of the charity as they all are or have been members.

Pay policy for senior staff

The management committee are responsible for recruitment and setting pay policy. Pay and salaries are reviewed annually by the committee and are set with reference to government and local authority guidance as budgets permit.

Organisational structure

Mrs Lynn Johnston trustee and director is responsible for the day to day management of the charity.

LINWOOD COMMUNITY CO-OPERATIVE LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The trustees' report was approved by the Board of Trustees.

J Wood Trustee

29 September 2025

LINWOOD COMMUNITY CO-OPERATIVE LTD

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF LINWOOD COMMUNITY CO-OPERATIVE LTD

We report to the trustees on our examination of the financial statements of Linwood Community Co-operative Ltd (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied ourselves 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, we report in respect of our examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving me cause to believe that in any material respect:

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Moore

Oakley House Headway Business Park 3 Saxon Way West Corby Northamptonshire NN18 9EZ 29 September 2025

LINWOOD COMMUNITY CO-OPERATIVE LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
2
1,500
134,597
Charitable activities
3
105,715
-
Investments
4
1,054
-
Total income
108,269
134,597
Expenditure on:
Charitable activities
5
132,879
72,828
Total expenditure
132,879
72,828
Net income/(expenditure) and
movement in funds
(24,610)
61,769
Reconciliation of funds:
Fund balances at 1 April 2024
369,300
127,596
Fund balances at 31 March
2025
344,690
189,365		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
136,097
138,746
142,208
105,715
97,692
-
1,054
845
-
242,866
237,283
142,208
205,707
195,641
63,059
205,707
195,641
63,059
37,159
41,642
79,149
496,896
327,658
48,447
534,055
369,300
127,596		 Total
2024
£
280,954
97,692
845
379,491
258,700
258,700
120,791
376,105
496,896

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

LINWOOD COMMUNITY CO-OPERATIVE LTD

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
12
Unrestricted funds
13		 2025
£
10,682
533,108
543,790
(10,864)		 £
1,129
532,926
534,055
189,365
344,690
534,055		 2024
£
5,413
499,628
505,041
(9,828)		 £
1,683
495,213
496,896
127,596
369,300
496,896

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 29 September 2025

J Wood

Trustee

Company registration number 04989222 (England and Wales)

LINWOOD COMMUNITY CO-OPERATIVE LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Linwood Community Co-operative Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Kingswood Community Centre, Alberta Close, Corby, Northamptonshire, NN18 9HU.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

All incoming resources are included in the statement of financial activities when the Charity is legally entitled to the income after any performance conditions have been met and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received from the provision of cafeteria facilities and hiring community facilities in order to raise funds and is recognised when entitlement has occurred.

Income from local government grants and other grants, whether capital grants or revenue grants, are recognised when the charity has entitlement to the funds and any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably.

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

LINWOOD COMMUNITY CO-OPERATIVE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Cost of generating funds

Expenditure is classified under the following activity headings:

Expenditure on charitable activities includes the costs of supplies to the cafeteria facilities, salaries and employer's costs of the provision of community centre facilities and other governance costs.

Other expenditure represents those items not falling into any other heading.

Charitable activities

Expenditure on charitable activities includes the costs of supplies to the cafeteria facilities, salaries and employer's costs of the provision of community centre facilities and other governance costs.

Allocation and appointment of costs

Support costs are those costs that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs; they are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings, they have been allocated to expenditure on charitable activities on a basis consistent with the use of the resources.

Donated services and facilities

The value of services provided by volunteers are not incorporated into these financial statements. Further details can be found in the Trustees' report.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 20% reducing balance Computers 33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

LINWOOD COMMUNITY CO-OPERATIVE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in paragraph 1 schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

LINWOOD COMMUNITY CO-OPERATIVE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2 Donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
1,500
-
Grants received
-
134,597
1,500
134,597
Grants receivable for
core activities
North Northants
Council
-
-
KUD Project
-
49,997
Others
-
84,600
-
134,597		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
1,500
1,000
-
134,597
137,746
142,208
136,097
138,746
142,208
-
78,200
-
49,997
-
120,112
84,600
59,546
22,096
134,597
137,746
142,208		 Total
2024
£
1,000
279,954
280,954
78,200
120,112
81,642
279,954

3 Income from charitable activities

Kingswood
Community
Centre
Corby Old
Village
Community
Centre
2025
2025
£
£
Cafe sales
20,804
-
Income from facilities
53,776
31,135
74,580
31,135		 Total
Kingswood
Community
Centre
Corby Old
Village
Community
Centre
2025
2024
2024
£
£
£
20,804
21,498
-
84,911
47,120
29,074
105,715
68,618
29,074		 Total
2024
£
21,498
76,194
97,692

4 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 1,054 845

LINWOOD COMMUNITY CO-OPERATIVE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Expenditure on charitable activities

Kingswood
Community
Centre
Corby Old
Village
Community
Centre
2025
2025
£
£
Direct costs
Activities undertaken
directly
133,442
-
Share of support and governance costs (see note 6)
Support
28,378
-
Governance
29,827
14,060
191,647
14,060
Analysis by fund
Unrestricted funds
118,819
14,060
Restricted funds
72,828
-
191,647
14,060		 Total
Kingswood
Community
Centre
Corby Old
Village
Community
Centre
2025
2024
2024
£
£
£
133,442
187,126
-
28,378
28,378
-
43,887
25,153
18,043
205,707
240,657
18,043
132,879
177,598
18,043
72,828
63,059
-
205,707
240,657
18,043		 Total
2024
£
187,126
28,378
43,196
258,700
195,641
63,059
258,700

LINWOOD COMMUNITY CO-OPERATIVE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

6 Support costs
Support
Governance		 2025 Support
Governance		 2024
costs costs costs costs
£ £ £ £ £ £
Trustee salaries
(Kingswood Community
Centre) 28,378 - 28,378 28,378 - 28,378
Depreciation - 556 556 - 732 732
Rates (Kingswood
Community Centre) - 3,234 3,234 - 3,503 3,503
Light and heat
(Kingswood Community
Centre) - 13,847 13,847 - 10,491 10,491
Insurance (Kingswood
Community Centre) - 1,215 1,215 - 1,224 1,224
Repairs and maintenance
(Kingswood Community
Centre) - 4,222 4,222 - 5,126 5,126
Cleaning costs
(Kingswood Community
Centre) - 505 505 - 580 580
Telephone (Kingswood
Community Centre) - 613 613 - 313 313
Printing, postage and
stationery (Kingswood
Community Centre) - 85 85 - 54 54
Sundry expenses
(Kingswood Community
Centre) - 699 699 - 435 435
Bank charges
(Kingswood Community
Centre) - 64 64 - 64 64
Accountancy (Kingswood
Community Centre) - 3,191 3,191 - 2,271 2,271
Bookkeeping and payroll
(Kingswood Community
Centre) - 639 639 - 360 360
Software and licences
(Kingswood Community
Centre) - 958 958 - - -
Rates, light and heat, and
insurance (Corby Old
Village Community
Centre) - 13,263 13,263 - 14,311 14,311
Repairs and maintenance
(Corby Old Village
Community Centre) - - - - 2,980 2,980
Cleaning costs (Corby
Old Village Community
Centre) - 348 348 - 366 366
28,378 43,439 71,817 28,378 43,195 71,573
Analysed between
Charitable activities 28,378 43,887 72,265 28,378 43,196 71,574

LINWOOD COMMUNITY CO-OPERATIVE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
4 4
Employment costs 2025 2024
£ £
Wages and salaries 28,378 28,378

There were no employees whose annual remuneration was more than £60,000.

8 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9 Tangible fixed assets

Fixtures and
fittings
Computers
£
£
Cost
At 1 April 2024
2,061
9,385
At 31 March 2025
2,061
9,385
Depreciation and impairment
At 1 April 2024
1,479
8,282
Depreciation charged in the year
154
402
At 31 March 2025
1,633
8,684
Carrying amount
At 31 March 2025
428
701
At 31 March 2024
582
1,103		 Total
£
11,446
11,446
9,761
556
10,317
1,129
1,685

LINWOOD COMMUNITY CO-OPERATIVE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
9,065
1,000
616
10,681		 2024
£
4,814
-
599
5,413

11 Creditors: amounts falling due within one year

Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
4,633
3,711
2,520
10,864		 2024
£
3,641
4,171
2,016
9,828

12 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
127,596 134,597 (72,828) 189,365
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
48,447 142,208 (63,059) 127,596

13 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
General funds 369,300 108,269 (132,879) 344,690

LINWOOD COMMUNITY CO-OPERATIVE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13 Unrestricted funds (Continued)
Previous year: At 1 April
Incoming		 Resources At 31 March
2023 resources expended 2024
£ £ £ £
General funds 327,658 237,283 (195,641) 369,300
14 Analysis of net assets between funds
Unrestricted Material **Restricted ** Endowment Total
funds funds funds funds
2025 2025 2025 2025 2025
£ £ £ £ £
At 31 March 2025:
Tangible assets 1,129 - - - 1,129
Current assets/(liabilities) 343,561 - 189,365 - 532,926
344,690 - 189,365 - 534,055
Unrestricted Material **Restricted ** Endowment Total
funds funds funds funds
2024 2024 2024 2024 2024
£ £ £ £ £
At 31 March 2024:
Tangible assets 1,683 - - - 1,683
Current assets/(liabilities) 367,619 - 127,594 - 495,213
369,302 - 127,594 - 496,896