Company Number: 04768755 Registered Charity Number: 1102607 ort of Trustees and Unaudited Financial Statements For the Year Ended 31 March 2025 for The Lauries Limited
The Lauries Limited Contents of the Financial Statements Year ended 31 March 2025 Page No: Report of the Tn)stees Independent Examiner's Report Ststement of Financial Activities Balance Sheet 10-17 Notes to the Financial Statements
The Lauries Limited ort of the Trustees Year ended 31 March 2025 l. Referenee and administration delai Chari Number: 1102607 Com NumbeT.' 04768755 Princi al office., 142 Claughton Road, Birkcnhead. Merseyside, CH416EY Re istered office: 6 Abbots Quay, Monks Ferry, Birkenhead, Merseyside, CH415LH Ind endent Examiner: McEwan Wallace Chartered Accountants, 6 Abbots Quay, Monks Ferry, Birkenhead, Merseyside, CH4 E 5LH Bankers: Nationa] Westminster Bank. 2-8. Church Street, Liverpool, Merseyside Ll 3BG Trustees: Trustees who served during the year were: P Crocker K Eugeni M Quayle E Wilkes S McHardy Appointed l December 2024 Resigned 30 November 2024 Appointed l December 2024 Resigned I l April 2025 Resi]ed 30 November 2024 Trustees appointed after the year end were: K Beaumont - Jones J Hayes Appointed 15 September 2025 Appointed 23 October 2025 Page I
The Lauries Limited ort of the Trnstees Year ended 31 March 2025 2. Structure, Governance andmanagement The Charity is a company limited by guardlltee with no issued slwe capital. Liability is limited to £1 per member. Governance continues under the Memorandum & Articles dated 6 May 2003, although modernisation and replacement of these d0Cunnts Ilas been agreed in principle by the Board, datcd 15 January 2025. Governance Changes & Board Development In November 2024 the Board received a Governance Review from Wirral Chamber and external advisors, which confirmed that The Lauries w&8 financially and operationally stable enough to return to full independence. The Board agreed several governance actions including updates to the Articles and changes to board composition. Following this review: John Hayes was fonnally appointed Managing Director after Board approval and legal compliance checks. Two Board mernbers (K. Eugeni and S. McHardy) stspped dowry] as part of planned succession. E. Wilkes subsequently resigned in April 2025 due to time commitments. The Board has agreed to meet tivice annually, with quarterly Chair-MD oversight meetings. ManAgement and Operatfional Oversight Regular management reports are provided to the Trustees. Are&s covered include operations, finance, staffing, tenants, marketing and community engagement. The MD is supported by administrative and facilities staff. A NEST pension scheme was established for all staff during the year. Bookkeeping has migrated from Sage to QuickBooks, with consultant bookkeeping support in place. 3. Objectives and Aclivities The Charity's objectives remain to promote charitable purposes for the benefit of communities in Birkenhead, Tranmere and surrounding areas-especially in the advancement of education, health, community regeneration and accessible comrnunity space. Core Activities Activities during the yeaT included: Provision of affordable office and tenancy space for local charities, SMES, and community OTganisations. Delivery of room hire and fimction space for community and business use. Hosting Adult Learning courses. Supporting community events and ckwitable initiatives. Page 2
The Lauries Limited ort of the Trustees Year ended 31 March 2025 Tenants The Centre continues to house a diverse tenant base including Crystal Cares, Wirral Supported Lodgings, 174 Family Law, Whitechapel, VIGO rr Solutions, CapNet, Measured Marketing and Security Express. Key highlights.. . Involve Northwest vacated Unit 2 in March 2025, creating a desirable vacancy. Which is currently being assessed by a charity foT veterans. Developing Spaces The Exmouth Suite remains a core growtb area and marketing work began in early 2025 to reposition it as a conference and function space, with a full promotional plan being developed. Hot-desk facilities were also introduced, fornjing part of the venue hire income strategy. 4. Achievements and Performance Strengthening Financial and Operational Performance Management accounts presented in November 2025 confinned: A healthy operating surplus and EBDA position. Strong two-year outlook based on incremental rental increases. Capacity for future investment into building improvements. Service Enhancements & Building Improvements Refurbishment of all office space continued. A large second-floor office was successfully converted into three glass-fronted offices. Plans were initiated for future facility upgrades, including energy-efficient improVentS and a long-terni boiler replacement. Community Engagement The Lauries strengthened its role as a community hub through several initiatives: Easter Egg Appeal (2025): Over 800 eggs donated initially, later exceeding 1,000, with support from local businesses, Wirral Chamber and Asda. Distributed via The Hive for senior and youth events. OAP Tuesday Socials: Weekly free OAP bingo sessions continue to support local older residents. VE Day Event: Scheduled for 6 May 2025 with community support for catering. Future Community Event Planning: Exploration of a "Wirral Community Get-Together" for older people. Marketing & Engagement Work is underway to improve digital presence, including weekly updates, community stories, tenant news, and promotional content. Meeting room hire was discounted during April to boost venue usage. Page 3
The Lauries Limited ort of the Trustees Year ended 31 March 2025 S. Financial Review It is the aim of the charity to maintain unrestricted funds, which are free reserves of the charity, at a level whicb equates to at least three months, unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs. During the year a deficit of £2,138 was generated (2024: £282 surplus) which created net setS of £303 (2024: £2,441) The trustees note that although the company has returned to a modest level of net assets, the net current assets are £7,525 (2024: £192) and are planning to increase the level of funds beld in reserve in the coming year. Additional Financial Context (from Board Discussions & Management Reports) Management accounts indicate the organisation is returning to sustainable operating levels, with positive projections for 2026-27. Business rales may become payable from April 2026. this will forn] part of future budgeting. Trustees discussed Pursuing small grants and local sponsorship opportunities to support community initiatives Page 4
The Lauries Limited R¢ ort of the Trustees ye ended 31 March 2025 Statement of Trustees, Respousibi]ities The trustees are responsible for preparing tbe fll]ancial statements in accordance with applicable law and United Kingdom Generally Acccpted Ac<x)unting PraGtice. Company law Iequires the trustees to prepare financial statements for each fanCIal year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom AccouDting StsndaTds and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the suolus or deficit of the charitable company for that perioL In prep&Ting those fillanci statements, the trustees are required to: seleGt suitable accounting policies and then apply them coDsiskntly; observe the methods and principles in the Cbarities SORP. make judgements and estiiDates that are reasonable and prudent. and prepare the financial statements on the going conGern basis unless it is inappropriate to presume that the charitable company WAII Continue in operntion. The trustees arc respi)nsible for keeping adequate accounting records which disclose vrith reasonable accuracy at any time the financial position of the Cbaritsble conipany and to enable them to ensure that the financial stPAtements comply with the Companies Act 2006. They are also responsible for safeguaTdiDS the assets of the tharitable company and hence for talang reasonable steps for the pTeveDtion and detection of fraud and other irregularities. On behalf of the b0d. J Haycs - Tntee Date: 27 January 2026 Page 5
The Lauries Limited endent Examiner's Re Year End 3 1 March 2025 I report to the trustees on my examin0 of the fmancial staten]ellts of The Lauries Lin)ited (tbe charity) for the year ended 3 1 Marcb 2025. ort ort onsibilxties and basis of r As the trustees of the CTr1ty (and a]so its directors for the puOseS of company law) you are responsible for the preparation of the fllwLcial statements in accordance viith the requirements of the Companies Act 2006 (the 2006 AGt). Having satisfied myself that the financial sLqtements of the cbarity are not TequiIed to be audited under Part 16 of th¢ 2006 Act and are eligiblc for independent examinatio I report in respect of my examination of the cknity's ffftancl statements carried out under section 145 of the Charities Act 2011 (the 201 l Act). Tn caTryitig out my examination I have followed all the applicable Directions gEven by the Cbarity Commission under section 145(5)(b) of tELe 2011 Act. n.5 r endent ex I have completed my exaMitio1L I confllm that no matters bave come to my attention in connection with th¢ examination giving me cause to be]ieve that irA any material respecL (l) accounting records were not kept in respect of the ¢]wity as Trquiredby section 386 of the 2006 Act; or (2) the financial statements do not accord with tbose records. or (3) the financia] statements do not comply with the accounting requiremcnts of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered a5 part of an independent examinatioll" or (4) the fmancia] statements have not been prepared in accordance with the methods and principles of the ststement of Reconmiended Practice for accounting and Teporting by charities applicable to charities preparing their accounts in aG¢ordan¢e with the Finaucial Reporting Standard appCable ill the UK aud Republic of Itelaad (ERS 102). I have no concerns and have come across no other matters in connection with the examination to wch attention should be drawn in this report in order to cnable aproper undetst&nding of the financial statements to be reached. Matthew Ryan ACA McEwan Wallace chart AccountÈnts 6 Abbots Quay Monks F¢ Birkenbead CH415LH Date." 27 January 2026 Page 6
The Laurics Limited Statement of Financial Activities And Ex enditure Account Year ended 31 March 2025 tncludin Income Notes Restricted restricted 2025 Total 2024 Total INCOMING & EXPENDITURE Incoming resources from charitable activities: Rental income 293,731 293,731 292,722 Other incoming resources: Sundry Grants 29,507 29,507 45,980 Total Incoming Resources 323,238 323,238 338,702 CHARITABLE EXPENDITURE Charitable activities 325,376 325,376 338,420 Total Resources Expended 325,376 325.376 338,420 NET INCOMING RESOURCES FOR THE YEAR (2,138) (2,138) 282 Balances brought forward &s at 01.04 2,441 2,441 2,159 Balance carried forward as at 31.03 303 303 2,441 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. Page 7
The Lauries Limited Balance sheet As at 31 March 2025 Notes 2025 2024 FIXED ASSETS Tangible assets 17,883 32,771 17,883 32,771 CURRENT ASSETS Debtors Cash at bank in hand 49.185 19.123 44.372 22.148 TOTAL CURRENT ASSETS 68.308 66,520 CREDITORS: Amounts falllng due within one year (60,783) (66,328) NET CURRENT ASSETS I (LIABILITIES) 7,525 192 TOTAL ASSETS LESS CURRENT LIABILITJES 25.408 32.963 CREDITORS: Amounts falling due within one year (25.105) (30,522) NET ASSETS 303 2,441 FUNDS Restricted funds Unrestricted funds io 303 2.441 303 2.441 Page 8
The Lauries Limited Balance sheet contijiued As at 31 March 2025 In approving these financial statements as tntstees of the company we confirni: For the period ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relatAng to small companics. The rnembers have not reqtJired the compaTLy to obtain an audit of its financial statements for the period ended 31 March 2025 in a¢cordance with Section 476 of tbe Companies Act 2006. The diTectors acknowledge their responsibility for complying with the requirements of tbe Act with Tcspect to accounting records and for the preparation of accounts. These financial statements have been PTepared in accordaDce with the provisions applicable to companies subject to the srnall companies, regime. The financial statements were approved by the Board of Trustees on 27 January 2026 and signed on its behalf by: J Hayes - Trustee Pagc 9
The Lauries Limited Notes to the Financial Statements Year ended 31 March 2025 ACCOUNTING POLICIES (a) Basis of Accountin The fu1claI statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to cbatities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods con]mencing from l 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 applying FRS 102 Update Bulletin I not to prepare a Statement of C&sh Flows. The charity is exempt from the requirement to prepare group accounts by virtue of section 398 of the Companies Act 2006. These financial statements, therefore. present inforniation about the company as an individual undertaking and not about its group. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. (b) Crltical accountin estimates and areas of ud ement Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estirnates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the cwing amounts of assets and liabilities within the next financial year are discussed below. When an asset is purchased it is categorised into an asset class, the depreciation policy of each class estimates the economic life of all assets within the class. The depreciation policy of each asset class is determined by management and reviewed regularly foi appropriateness. The depreciation policy adopted is b&8ed on historical experience as well as considering the future events which may impact the useful economic life of all assets within each class, such as changes in market demands. In addition FRS 102 requires an entity to assess at each reporting date whether there is any indication that assets within a class may be impaired i.e. the recoverable amount of the asset is less than the carrying amount. If any such indication exists. management aTe required to estiinate the recoverable amount of the individual assets concerned. Management judgement is applied to deterniine if revenue and costs should be recognised in the current period. Page 10
The Lauries Limited Notes to the Financial Statements Year ended 31 March 2025 AccouNfING POLICIES- cont (c) Goin concern The trustees are satisfied that the charity has sufficient resources to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the fmancial statements. Accordingly, the financial statements have been prepared on a going concern basis. (d) Income and Ex enditure All income and expenditure is accounted for on the accruals basis. (e) reciation Depreciation is calculated to write off the cost or valuation, less estimated residual values, of tangible fixed assets over their estimated useful lives to the charity. The annual depreciation rate and methods are as follows: Fixtures and fittings - 25 /0 on cost Assets are not capitalised if the value is less than £1 00. Impairn]ent reviews are Caled out on an annual basi5. (fj Resources ex ended The cost headings comprise expenditure, including staff costs, directly attributsble to the organisation's activity. Where cost cannot be directly attributed they have been allocated to activities on a basis consistent with the use of the resources. (g) Grants Receivable These are accounted for when receivable and are classed as unrestricted income unless the donor imposes restrictions for their use. (h) Incomin Resources No incoming resources are shown in the Statement of Financial Activities net of expenditure, (i) Financial instruments The following assets and liabilities are classified as financial instruments prepayments, accrued income, trade creditors, accruals and deferred income. trade debtors, All financial instruments are measured at the undiscounted amount of the cash or other consideration expected to be paid or Teceived. Financial assets that are measured at amortised cost are &ssessed at the end of each reporting period for objective evidence of impairnient. If objective evidence of impainnent is found, an impainnent loss is recognised in the Statement of Financial Activities. Pagell
The Laurie5 Limited Notes to the Financial Statements Year ended 31 March 2025 2. CHARJTABLE ACTtvrriES Total 2025 Total 2024 Restricted Unrestricted Running costs Interest payable 324,584 792 324,584 792 337,451 969 3. OPERATING SURPLUS 2025 2024 Operating surplus is stated after charging: Depreciation Accountants, remunerdtion (including expenses) 18,736 1,366 21,092 238 4. STAFF COSTS 2025 2024 The cost of employing staff was: Wages and salaries (inc social security) 123,110 76,507 During the year no employee earned over £60,000. The average number of staff ernployed by the charity during the year was as follows: 2025 2024 Managernent Page 12
The Lauries Limited Notes to the Financial Statements Year ended 31 March 2025 5. TANGIBLE FIXED ASSETS Fixknres and rittings Total COST At 1st April 2024 Additions Disposals 98,645 3,848 98,645 3,848 As at 31" March 2025 102,493 102,493 DEPRECJATION At I" April 2024 Charge for the period Disposals 65,874 18,736 65,874 18,736 As at 31" March 2025 84,610 84,610 NET BOOK VALUE At 315t March 2025 17,883 17,883 At 31$¢ March 2024 32,771 32,771 Page 13
The Lauries Limited Notes to the Financial Statements Year ended 31 March 2025 DEBTORS: AMouKfs FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepa}entS 17,292 30,500 1,393 32,226 10,000 2,146 49,185 44,372 7. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditor5 Other creditors Bank Loans Social security Accruals Deferred income 2,525 9,611 5,374 3,684 6,589 33,000 9,912 10,429 5,374 1,103 10,510 29,000 60,783 66,328 8. CREDITORS. AMOUNTS FALLtNG DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans and overdrafts 25,105 30,522 25,105 30,522 Page 14
The Lauries Limited Notes to the Financial Statements Year ended 31 March 2025 9. TOTAL RESOURCES EXPENDED 2025 2024 Charitable expenditure 325,376 338,420 325,376 338,420 10. UNRESTRICTED FUNDS 2025 2024 Balance of Reserves brought forward Net unrestricted sutplus / (deficit) in the year 2,441 (2,138) 2,159 282 Balance of unrestricted reserves retained 303 2,441 Unrestricted funds are incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Page 15
The Lauries Limited Notes to the Financial Statements Year ended 31 March 2025 I I. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Fixed Assets Net Current Assets Intangible Fixed Assets 2025 Total Unrestrieted Funds Restricted Fund5 17,883 (17,580) 303 17,883 (17,580) 303 Tanglble Fixed Assets Net Current Assets 2024 Intangible Flxed Assets Total Unrestrleted Fund5 Restrlcted Funds 32,771 (30,330) 2,441 32,771 (30.330) 2,441 12. RELATED PARTY DISCLOSURES P Crocker is also a director of Age Concern wial, M Quayle is also a director of HLP Legal Ltd and K Beaumont-Jones is also a director of Involve Northwest and Vigo IT Solutions Limited. At the year end, Wirral Chamber of Commerce and Industy owed The Lauries Limited owed £30,500 (2024: £10,000). 13. OTHER FtNANCIAL COMMITMENTS The charity opeTates from The Lauries Centre. This is leased from Wial Borough Council for a noininal peppercorn rent. Page 16
The Lauries Limited Notes to the Financial Statements Year ended 31 March 2025 14. COMPARATIVE OF THE SOFA Notes Restricted restricted 2024 Total INCOMING & EXPENDITURE Rental income Sundry income Grants 292,722 45.980 292,722 45,980 Tolal Incoming Resow¢es 338,702 338,702 CHARITABLE EXPENDITURE Charitable activities Tnterest payable 337,451 969 337.451 969 Total Resources Expended 338,420 338,420 NET tNCOMtNG RESOURCES FOR THE YEAR 282 282 15. STATUTORY INFORMATION The Lauries Limited is a private company, lirnited by guarantee, restered in England and Wales. The company's registered nurnber and register olTice address can be found on the Reference and administration details page. The presentation currency of the financial statements is the Pound Sterling (£). Page 17