2023-2024 Annual Report & Financial Statements St Andrew's Community Network Charity No. 1105307 1 Company No. 04918017 (England and Wales)
LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms M SAddis Mr P Beesley Ms B Bellew Ms P Copland Mr A J Pollard Mr D A Reynolds Dr A V Richman Rev W Gibbons (appointed l August 2023) Secretary Ms M SAddis Charity Number 1105307 Company Number 04918017 Registered Ollice 16 Larkhill Lane, Clubmoor, Liverpool, England, L13 9BR Aulliior Xeinadin Audit Limited, 2 Hilliards Court, Chester Business Park, Chester, Cheshire, CH4 9QP
CONTENTS Page Trustees, Report Objectives and Activities Our Mission and Vision Our Values - What We Do - Our 2023-24 Building Financial Resilience Building Food Security - 20 Years of Local Change Financial Review 13 15 16 Plans for Future Periods Building Financial Resilience Building Food Security Building Sustainable Communities 18 19 20 21 Structure, Governance and Management 22 Statement of Trustees, Responsibilities 24 Independent Auditor's Report 25 Statement of Financial Activities 31 Balance Sheet 32 Statement of Cash Flows 33 Notes to the Financial Statements 34
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE PERIOD ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the period ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I 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 IFRS102}" (effective l January 2019
OBJECTIVES AND ACTIVITES To promote such charitable purposes as the trustees shall in their absolute discretion think fit including in particular but not so as to bind the generality of the foregoing for the public benefit: To advance education and enhance employment and training opportunities To promote healthy living and to relieve poverty, sickness and distress, through the delivery of community-based services delivered in Merseyside in particular (but not exclusively) which may include: A debt advice service to assist members of the community to manage and reduce debt, and to maximise their income and so relieve poverty A food bank service to provide practical assistance in the relief of poverty, and the promotion of healthy living And such other activities that relieve poverty, sickness and distress and promote healthy living as the trustees shall from time to time determine To operate community and recreational and leisure time facilities in and around the community of the church of St. Andrew's, Clubmoor, Liverpool, and in surrounding districts, for the benefit of the community in Clubmoor in particular (but not exclusively) with the object of improving their conditions and quality of life without distinction of sex, race, political, religious or other opinion. provided always the charity shall be non-party in politics and shall promote equality of opportunity. When planning our activities for the period, the trustees have considered the Charity Commission's guidance on public benefit.
OUR MISSION AND VISION We have been supporting people in North Liverpool and surrounding areas for over 20 years. The Network is led by people who are passionate about locally rooted change. fo WELCOME We are driven by our principles to support the most vulnerable, to serve local communities and to bring life in all its fullness, supporting people of all faiths, and none. OUR MISSION To resource churches and community groups to design out poverty in the areas they serve. <•> OUR VISION To see our communities, cities and region set free from the life-changing consequences of poverty.
OUR VALUES Underpinning everything that we are involved in as a charity are our five, long held values: WELCOME Embracing diversity with dignity and respect HOPE Helping each other discover alternative choices and new opportunities EMPOWERMENT Walking alongside people at their pace to help them achieve their goals EXCELLENCE Dedicated people doing exceptional things LOVE Building relationships, family, friendship and faith
WHAT WE DO We operate at a time when our communities, city, and region are struggling financially, with high levels of poverty, a fragile jobs market, a welfare programme that can be difficult to navigate, and in a continued period of organisational austerity. In our journey as a charity since 2003, we have learnt how to deliver a model of care which makes the service we offer unique for the region. We ensure for every person we come into contact with, they can access the short or the long-term opportunities to: BUILD FINANCIAL RESILIENCE BUILD FOOD SECURITY BELONG TO A SUSTAINABLE AND CARING COMMUNITY Through our commitment to these three overarching aims, we offer something more than being in debt, something more than the next meal, something more than the support to manage food price increase. We are building networks and communities where the socio-economic difficulties of living in poverty and deprivation can be addressed and overcome. Our community partners continue to help build up trust and raise levels of hope, particularly when we have been successful in signposting to other organisations who can help along the way.
WHAT WE DO Yet despite a demonstrable track record of delivering impact we are committed to the vision we have to build a strong and successful network of communities, not only with the training to provide debt and welfare benefits advice and run community food spaces (no small thing), but also through establishing community networks where support over a range of issues may be offered by and for that particular community. •p Our incredible team of volunteers have once again enabled a large portion of everything we do. Numbering in excess of 300, this team of dedicated people serve their communities in a variety of ways. Debt advising, running foodbank or pantry spaces, ensuring our warehouse is run to the highest standard, driving, loading, phoning creditors- the list goes on and we could not do what we do without their support. The value of support given by volunteers is so much more than financial, these guys listen to heartbreaking stories on a weekly basis, are literally a shoulder to cry on for people in crisis and our worlds would be fundamentally much poorer without them. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
OUR 2023-24 Achivements and Performance 2023-24 was another busy year for the Network, as the cost-of-living crisis continued to impact our communities, leading to increased financial pressures and greater demand for our services. We continued to support our communities in the way we know best- building financial resilience and food security alongside creating sustainable communities to facilitate long-lasting change. The Network developed alongside this increased need, expanding our provision and introducing new programmes to support people across our communities. St Andrew s omm ork IMUNITY BY BUILDING RELATIONSHIPS & CHANGING LIVES phNTiIY Our most notable development in this period has been the progression of our Angels Connect initiative. The unique Angels Connect model is built on 20 years of experience delivering community based money advice to those going through a tough time with their finances. The platform provides anyone, anywhere with the opportunity to connect those in debt or struggling to navigate the welfare system with access to life changing advice.
BUILDING FINANCIAL RESILIENCE Our work building financial resilience through debt advice and income maximisation continued throughout the year. DEBT ADVICE Our debt team continued to provide vital debt and budgeting advice to people struggling financially over the year, supporting over 700 people across the year towards either managing their own debt or becoming totally debt free. Their work made a huge difference to the people they supported, building financial resilience and providing people with opportunities to have a fresh start. People Supported 711 OUR IMPACT IN NUMBERS New Cases 326 Amount of Debt Managed £6.348,100 Debt Relieved £1,973,026 Debt Written Off £1,584,019
EMILY9S STORY Emily. is in her 50s, and was referred to our debt advice team by another agency in Liverpool. When she first came to us, she had around 09,000 worth of debt, which included several loans and telephone contracts which she felt coerced to take out for acquaintances, as well as around £2,000 in rent arrears to a private landlord. She had been trusting a neighbour to pass on her rent, but unfortunately the money never reached the landlord and Emily found herself in debt. As well as being emotionally vulnerable, Emily also had several serious health conditions, including epilepsy and psychosis. Her only income was PIP and Universal Credit, with significant deductions being taken from her UC due to the rent arrears and a UC advance. We contacted her creditors and asked them to place a hold on further action while we worked with Emily. We also helped her to contact Universal Credit and requested that they freeze recovery of her advance for three months. This gave us time to work closely with Emily to discuss the best debt option for her, and she decided that she would like a Debt Relief Order which would mean that all of her outstanding debts would be written off in full. We guided Emily through this, and because we are an Approved Intermediary with the Insolvency Service, we were able to make this as seamless as possible and her DF20 was approved very quickly, much to Emily's relief. Emily's support worker helped her improve her standing on Property Pool, and she has now moved into a one-bedroom housing association property. The deductions for rent arrears have stopped, and Emily can now enjoy her new home without worrying about bailiffs knocking at her door. She has had a completely fresh start. 'Name changed to protect anonymity
INCOME MAXIMISATION In 2023/24, our income maximisation team continued to provide welfare benefits advice to people across the communities we serve. They supported over 690 people, including those struggling to navigate the welfare benefits system, those unable to fill out forms, and those unsure of the support they were entitled to. Their work built financial resilience in both the households and communities they supported, reducing the risk of financial crisis. Number of People Receivi ng Advice 693 OUR IMPACT IN NUMBERS Number of People with Increased Income 113 Overall Annual Increase in Income £638,087.20 JANEIS STORY When we first met Jan struggling. She ref used Pe nal Independenc nts (PIP) and ha attended one of our foodbanks whe she was appro After chatting to Jan Money Angel m erral in team as he neede enefits. oor health, had been und herself in crisis, so on Money Angels. me maximisation Our benefits ad uch with Ja ing this Money Angel referral and arranged an appointmen r her. We rked closely with Jane, completing a 'Capability to Work, questionnaire as taking her thr h the mandatory reconsideration process for her ref used Pl P Our advi ompleted a Discretionary Housin Payment application f er, to ensur tting the support she was entitled to for her housing costs. ollowing on from our supp , Jane now has'Limi apability for Work and Work- Related Activity, so has an extra £390 each month as part of her Universal Credit award. She was also awarded a short-term award to help top up her rent shortfall. We are providing ongoing a ce and support tojane around her PIP appeal, and also directed her to join one of our pantries in her local area to provide additional support and ensure that she does not fall into food crisis and need to attend a foodbank in the future. "Name changed to maintain anonymity.
ANGELS CONNECT The progression of the Angels Connect initiative has been our most notable development thisyear, with the unique model training community members to provide specified guidance and direct referrals into specialist debt and welfare benefits advisors to those going through a tough time with their finances. Through our Angels Connect initiative,: 183 referrals were made to our debt and income maximisation teams 160 of these referrals came via a Money Angel placed in a foodbank, while 23 came through our community food spaces 24 Money Angels were trained and equipped to provide guidance and direct referrals to expert advice in their local community setting More detail about this initiative can be found at angelsconnect.org 'please note, Money Angel referrals began in June 2023 and these statistics don't cover the entire financial year
BUILDING FOOD SECURITY Our work building food security across our communities continued thisyear, as we provided both emergency food provision and longer-term food support through our foodbanks and community food pantries. COLLECTION POINT St Andr•w's Communlty N*twork PANTRQ. FOODBANK This year, we saw an increase in need for emergency food support, with a 6% rise in the number of people supported through our foodbanks compared to 22/23. Adults Supported 9,361 Children Supported 4,913 Total Supported 14,274 Over 6,000 vouchers were fulfilled across our11 foodbank centres, providing essential emergency food and toiletry parcels to people in crisis across the north of the city. Vouchers Fulfilled 6,381 Number of First Time Referrals 2,399 OUR IMPACT IN NUMBERS Number of Active Referral Agencies 199 13
COMMUNITY FOOD PANTRIES Our network of community food pantries provide access to fresh, affordable food whilst having community and choice at their heat. They become real community spaces, with members building friendships and accessing peer support, reducing social isolation throughout our communities. In October 2023, the working relationship the charity had with Fans Supporting Foodbanks came to an end, with mobile pantries moving to operate independently through Fans Supporting Foodbanks. Total Number of Pantries Average Memberships over the year 1,155 OUR IMPACT IN NUMBERS Total Member Shops 22,742 Total Amount Saved for Members £363,872 Ir *h•¥Jd 14
20 YEARS OF LOCAL CHANGE This year, we celebrated 20 years of St Andrew's Community Network alongside over 200 guests including staff members past and present, volunteers and supporters with a Gala Fundraiser in June 2023. The evening was a celebration of the charity's work over the last two decades and was a success, raising over 00,000. Iillj ,1 15
FINANCIAL REVIEW Total income received for unrestricted fu nds was £658,720 (2023.. £762,854) as detailed in the financial statements. This represents a decrease of14% compared with the previous year. This was due primarily to decreased food donations, Total income received for Restricted Funds was £326,333 (2023: £315,188) which consisted entirely of donations & grants and the increase was to support the impact of the Cost-of-Living crisis, most notably from the household Support Fund. Costs of running the Charity were ,788,963 (2023; £1,165,590). The main reason for the increase compared to the previous year was the increased cost of supporting the community pantries. As demand has increased for the use of pantries it has been necessary for us to purchase more food. It has also been necessary to strengthen the staff team to support the pantry infrastructure and the sourcing of food for Foodbanks. A total of £3,520 (2023: £41,748) was expended in the year on various capital items, Overall, there was a net deficit for the year of £158,540 (2023: £157,623 surplus) arising from unrestricted funds, and a deficit of £45,370 (2023: deficit of £245,441) from restricted funds, which accumulated to a total deficit of £203,910 (2023: deficit £87,818). When the deficit for the year was subtracted from the total funds brought forward of £797,313 this resulted in funds carried forward of £583,403 of which £70,779 is represented by fixed assets. 16
FINANCIAL REVIEW CONTINUED Bank and cash balances in at the end of the year amounted to £533,888 (2023: £582,533). The available free reserves amount to £254,665. These are unrestricted reserves that are not designated and are excluding the fixed assets. Reserves policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
PLANS FOR FUTURE PERIODS Often, the people in society who are in need are the most overlooked. Society and governments aren't set up to protect everyone who needs it. That's why we're here- to fill the gaps and provide dedicated resources to help those gripped by poverty. The charity has grown significantly over the last few years, primarily due to the increased need for food provision across the city, alongside a greater need for debt and welfare benefits advice, We have responded to this need but acknowledge that there is a significant financial cost to this and income from grants and individual donations is increasingly difficult to source. To ensure our long-term future viability, we have spent the last period working to develop a model that is sustainable, we have sought external consultancy to support this. Iiei L ij We intend to see people set free from the life affecting challenges that are a socio-economic consequence of their lived experience of poverty. We are committed to working alongside people in the communities we serve to enable them to live fulfilling lives- not just to be able to make ends meet and get by- but to find direction, purpose, and step into futures filled with hope and opportunity. We will help to resource people to build sustainable communities of belonging, change, connection, and purpose. 18
BUILDING FINANCIAL RESILIENCE We recognise that they key to supporting a person through a financial crisis is for this advice to be available in the local community. This aspect of locally rooted people providing support to other locally rooted people is a key distinctive of our approach. This part of our work is referred to as Angels Connect/ Money Angels. Money Angels can be any one in any setting who are trained to have guided, intentional conversations in community spaces with those identified as in need of support. Money Angels can connect people directly to the technical support (debt and benefits advisors) in an advice setting. This connection to the specialists supports our commitment to compliance and excellence when it comes to the provision of specialists support for those requiring debt advice, advice with welfare benefits, and any referrals to additional support services as required. Money Angels are be equipped, enabled, and empowered to support the process from identifying a need to change, to the connection with the technical support available to bring about that change. Our web-based training comprises of a 30-minute training video (broken down into bitesize chapters) and a short multiple choice quiz based on the video content. The training has been developed by qualified practitioners and is regularly reviewed. This resource has been designed to be user-friendly and accessible to anyone who wishes to increase their knowledge so that they can give specified guidance to those going through a tough time with their finances. The resources portal is regularly updated with fact-sheets and third party resources. As a Money Angel you will be encouraged via our social networking platform "Angels Connect, to check the portal each time a new resource is published. All Money Angels are given access to a simple referral form that will be bespoke to the community and money advice service that they are working with. We can work with advice services to ensure that locality relevant data is collected at the point a referral is made by a Money Angel. 19
BUILDING FOOD SECURITY We continue to recognise that Foodbanks will be a necessary requirement of the food aid system for years to come. As with any Accident and Emergency department in a hospital, there will always be a need for crisis support. It is, therefore, incumbent on us to ensure that the individuals who access our Foodbanks are supported to move quickly from 'triage' to 'recovery'. Our intention is not to open new Foodbank distribution points. We have sufficient coverage across the North Liverpool area to ensure that whoever needs emergency food can access it. We will continually review this and actively manage any changes in the Foodbank operation. Through our partnership with Church Action on Poverty Your Local Pantry franchise model we have led the development of: A membership model whereby local people contribute to any food given Dignity and choice are key principles of any community food space not on a voucher based system The introduction of a much wider range of products including fresh fruit and vegetables, chilled goods, bakery items, etc. The intention is that these community food spaces work alongside the existing foodbank provision, sharing some of the'conventional, foodbank donated items, but supplemented with items sourced from manufacturers, wholesalers, or intermediary charities such as Fareshare. 20
BUILDING SUSTAINABLE COMMUNITIES We believe that sustainable communities grow as we build financial resilience and food security together. Our model encourages churches and community organisations to do both together as this is cost effective as Network overheads are shared across the two. Asset-based community development (ABCD) is an approach to community development that uses the skills and capacities of residents, the power of local associations, and the support of local institutions, to build stronger, more sustainable communities for the future. DP21 FXD spois IDR 21
STRUCTURE, GOVERNANCE AND MANAGEMENT The organisation is a charitable company limited by guarantee, incorporated on Ist October 2003 as Clubmoor Community support and registered as a charity on 4th August 2004. The company was renamed St Andrew's Community Network on 14th August 2012. The Governing Instruments under which the charitable company operates comprise the Memorandum and Articles of Association dated Ist October 2003, amended by specia I resolution dated 13th February 2013. The trustees, who are also the directors for the purpose ofcompany law, and who served during the period and up to the date of signature of the financial statements were: Ms M S Addis Mr P Beesley Ms B Bellew Ms P Copland Mr AJ Pollard Mr D A Reynolds Dr A V Richmond Rev W Gibbons (appointed l August 2023) The Parochial Church Council of St Andrew's Church, Clubmoor is entitled to appoint and remove up to, but not exceeding, five individuals from the office of director. These appointments do not require an ordinary resolution. Other individuals may be elected as directors by ordinary resolutions at any general meeting. 22
ORGANISATIONAL STRUCTURE Trustees CEO S•nior L•ad•rship T•am Team Leaders Coordlnators Admln Officers Operatlons •• Officers Volunteèrs Auditor Xeinadin Audit Limited were appointed as auditor to the company and a resolution proposing that they be re-appointed will be put at a General Meeting. The trustees, report was approved by the Board of Trustees. MrAJ Pollard Chair of Trustees Date: 2910112025 23
Statemenei 01 Trustees. Responsibilities For the period enlleo 31 March 2024 The trustees, who are also the directors of St Andrew's Community Network for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statemen he trustees a re required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Chariti ORP; make judgements and estimates that are reasonable and prudent; state whether applica leUK ccounti ng andards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 24
INDEPENDENT AUDITORgS REPORT TO THE TRUSTEES OF ST ANDREWIS COMMUNITY NETWORK Opinion We have audited the financial statements of St Andrew's Community Network (the 'charity') for the period ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including sig nificant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, for the period then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 25
INDEPENDENT AUDITORgS REPORT TO THE TRUSTEES OF ST ANDREWS COMMUNITY NETWORK (CONTINUED) Conclusions relating to going concern (continued) Our responsibi lities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 in our opinion, based on the work undertaken in the course of our audit: the information given in the trustees, report for the financial year for which the financial statements are prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the financial statements. and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light ofthe knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 26
INDEPENDENT AUDITORgS REPORT TO THE TRUSTEES OF ST ANDREWS COMMUNITY NETWORK (CONTINUED) Matters on which we are required to report by exception (continued) the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit; or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the di rectors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assu rance but is not a guarantee that an audit conducted in accordance with ISAS (U K) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which ou r procedures are capable of detecting irregularities, including fraud, is detailed below. 27
INDEPENDENT AUDITORgS REPORT TO THE TRUSTEES OF ST ANDREW*S COMMUNITY NETWORK (CONTINUED) Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recog nise non- compliance with applicable laws and regulations; we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our knowledge and experience of charity sector. we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Companies Act 2006, Charities Act 2011, data protection, anti-bribery, and employment legislation. we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management team and inspecting legal correspondence" and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non- compliance throughout the audit. We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: making enquiries of management team as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non- compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: performed analytical procedures to identify any unusual or unexpected relationships; tested journal entries to identify unusual transactions; assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: 28
INDEPENDENT AUDITORgS REPORT TO THE TRUSTEES OF ST ANDREW*S COMMUNITY NETWORK (CONTINUED) Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recog nise non- compliance with applicable laws and regulations; we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our knowledge and experience of charity sector. we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Companies Act 2006, Charities Act 2011, data protection, anti-bribery, and employment legislation. we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management team and inspecting legal correspondence" and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non- compliance throughout the audit. We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: making enquiries of management team as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non- compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: performed analytical procedures to identify any unusual or unexpected relationships; tested journal entries to identify unusual transactions; assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: 29
INDEPENDENT AUDITORgS REPORT TO THE TRUSTEES OF ST ANDREWS COMMUNITY NETWORK (CONTINUED) agreeing financial statement disclosures to underlying supporting documentation. enquiring of management as to actual and potential litigation and claims. and reviewing correspondence with relevant regulators. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry ofthe directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 30
INDEPENDENT AUDITOR9S REPORT TO THE TRUSTEES OF ST ANDREW'S COMMUNITY NETWORK (CONTINUED) Helen Furlong FCCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limited Accountants Statutory Auditor 2 Hilliards Court Chester Business Park Chester Cheshire CH49QP Xeinadin Audit Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 28
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2024 Unr••trlcted Restrfctod funds fund• 2024 2024 Total Unrostrlct•d Restrlctod fund8 fvnd• 2023 2023 Total 2024 2023 Not08 Income and ondowmont• from: Donations and legacles Charitable activities Other tradlng activit188 Investments Other Income 512,913 110,826 18,804 8,792 7.385 326.333 839.246 110.826 18.804 8.792 7.385 595,473 129,787 28,535 1.512 7.277 315,188 910.661 129.787 28.535 1.512 7.277 Total Incom• 658,720 326.333 985.053 762,584 315,188 1,077.772 Expondlturn on: Charitable activitles 817,260 371,703 1,188,963 845,105 320,485 1,165,590 Totsl •xp•ndltur• 817,260 371,703 1.188,963 845,105 320,485 1,165.590 N•t oxpondltur• (158,540) {45,370) (203,910) (82,521) (5,297) (87,818) Transfers between funds 240,144 (240,144) Not mov•m•nt In funds 10 <158,540) <45.370) (203.910) 157,623 <245,441) (87.818) Roconclllatlon of fund8: Fund balances al 1 April 2023 688,128 99.185 787.313 530.505 344,626 875.131 Fund balanc•s at 31 March 2024 529,588 53.815 583.403 688,128 99,185 787.313 The statement of financial activlties Includes all galns and losses recognised In the year. All Income and expendlture derive from continuing activities. 31
BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Not•s Flxed a$8ot• Tangible a&8ets 14 70,779 99.998 Current a•••l• Stocks Debtors Cash at bank and In hand 15 16 16.816 6,111 533,888 34.089 97,378 582,533 556,815 714.000 Cr•dltor•: amounts lalllng du• wfthln one y•ar 17 (44,191) {26,685) N•t curr•nt a•s•ts 512,624 687,315 Total a•••t• l••• curr•nt Ilabllltl•• 583,403 787.313 The funds of the charlty Restricted income funds Unrestricted funds 53,815 529,588 99,185 688,128 21 583,403 787.313 The financial statements were approved by the trustee8 on 2910112025 Mr A J Pollard Chair of Trustees Company reglstratlon number 04918017 (England and Wale8) 32
STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2024 2024 2023 Not Cash flows from operatlng actlvlll•• Cash absorbed by operations (54,120) (104,057) Inv•$tlng actlvttl•• Purchase of tangible fixed assets Pn)ceeds from disposal of tangible fixed assets Investment Income received (3,530) {41,748) 213 8,792 1.512 Net cash gonornted froml(u8od In) Inv••tlng actlvltlo8 5,475 (40.236) N•t cash g•n•rnt•d from flnanelng •ctlvlll•• N•t d•cr•a8• In ca•h and ca•h •qufval•nts (48,645) (144.293) Ca8h and cash equlvalents at beglnnlng of year 582,533 726.826 Ca•h and ca•h equlvalonts at •nd of y•ar 533,888 582.533 33
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 1. Accountlng pollcles Charlly Informatlon St Andrew's Community Network is a private company limited by guarantee incorporated in England and Wales. The registered office is 16 Larkhill Lane, Clubmoor, Liverpool, L13 9BR. England. 1.1 Accounllng conventlon The financial statements have been prepared in acLordance with the charity's governing document, 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 Charilies.. Statement of Recommended Practice applicable to charitses preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, vthich is the functional currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern Al the lime 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 Iruslees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of ltr trustees in furtherance of their charitable objectives. Reslricled funds are subject to specific conditions by donors 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. Endowment funds are subject to specific conditions by donors that the capiial musl be maintained by the charity. 1.4 Incoma Income is recognised when Ihe charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expecled. If the amount is not known, the legacy is treated as a conlingenl asset. Income from charilable activities and donated food bank items. value based on national guidan at £2.37 per KG (2023.'£1.75 per KG), is recognised on an a(xrual basis. Income from Satellite is recognised when the amount is rtaIn. 34
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) 1. Accounting policies (continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third party, it is probable that a transfer of economic b8nefits will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is Classified by activity. The costs of each activty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support cx)sts which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure on charitable activities relate to the operation of the charity comprising of direct charitable expenditure, including food bank items distributed valued al £2.37 per KG (2022: £1.75 per KG) to meet the objectives of the charitable company. 1.6 Tanglble and flxed assets Tangible fixed assels are initially measured at cost and subsequently measured at cosl or valuation, net of depreciation and any impairmenl loss8s. Depreciation is recognised so as to write off the cost or valuation of assets less Iheir residual values over their useful lives on the following bases.. Fixlures and filtings Computers Molor vehicles 250/0 on cost 25 % on cost 25°/0 on reducing balance The gain or loss arising on the disposal of an assel is detennined as the differen between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalrment of flx8d assets At each reporting end dale, 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 impaimient loss (if any). 1.8 Stocks Stocks are staled al the lower of cost and estimated selling price less costs to ojmplete and sell. Cost comprises direct materials and, where applicable, direcl labour costs and those overheads thal have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at Gqll wrth banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 35
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) 1 Accounting policies {continued} 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the chariws balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assels 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 intenb'on to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc flnanclal 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 al Ihe present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortis&d. Baslc flnanclal Ilabllltles Basic financial liabilities, including creditors 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 al Iransacb'on price and subsequently measured at amortised cost using the effective inleresl method. Darecognltlon of flnanclal Ilabllltles Financial liabililies are derecognised when the charity's conlraclual obligations expire or are discharged or cancelled. 1.11 Employee beneflts The cosl 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 temiination benefits. 1.12 Retlrement benefits Paymenls lo defined contribution retirement benefit schemes are charged as an expense as they fall due. 36
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) 2. Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumplions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the eslimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Incom• from donatlon• and legacl Unr••trldod R••trlct•d funds fund• 2024 2024 Total Unro•trlct•d R•strlct•d funds fund• 2023 2023 Total 2024 2023 Donatlon8 and g1ft8 Grants recelvable for core activlties Donated goods and servlces 215,544 215.544 317,836 322,836 82,268 326,333 408,601 27,235 310,188 337,423 215,101 215.101 250,402 250.402 512,913 326.333 839.246 595,473 315,188 910.661 Donatlon8 and glft8 Other 215,544 215.544 317.836 322.836 215,544 215.544 317.836 322.836 Unrestrlct•d Ro•trlct•d funds funds 2024 2024 Total Unrestrlctod Rogtrlcted funds fundi 2023 2023 Total 2024 2023 Grant• roc•lvable for corn actfvltl•• A Chadwick Chrimes Famlly Trust Community Impact Fund Duchy of Lancaster Funding Feeding Liverpool Henry Smith Charity Household Support Fund J Thomton DAF LCVS Communty Impact Fund 2023 LFC St Columbas LFC Strategic Grant 5.000 1.100 791 1,100 791 16.500 16.500 92,931 92,931 2.000 29,500 8,500 15.000 2,000 30,100 46.534 30.100 29,500 15.000 1,791 1,791 25,OCK) 25,000 60.[ 60,)0 37
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) Incom• from donatlon• and legacl Icontlnued) Local Neighbourhood Fund (Tu8brook Larkhill) Local Neighbourhood Fund (Breckside Park) Local Neighbourhood Fund (Tuebrook Stoneycroft) Llverpool Clty Coundl CRG Mayoral Nelghbourhood Fund Nallonal Lottery COL Neighbourly Salnsburf8 Grant Nelghbourly Foundatlon Prlce Parry CT Prlsm Charitable Trust Prlsmcharitable TnJ81 FSF Rev Nugent Rlverslde FoundaOn Steve Morgan Found DCLG Steve Morgan Foundatlon Str8t Resource Tesco groundwork Together for Change Torus Foundatn Food Payts Trussell Strat Res Grant Trussell Tst Fln Inc Grt 2 Trussell Tst Top Up Payts rr Financial Inc Tudor Trust Tuebrook Ward Councillors Turssell Wlnter Support ucu Watches of Switzerfand West Derby Wastland Pantry Winter Boost 10,000 10,000 10,OCK) 10,000 10,OLX) 10.000 75.000 75.000 1.500 590 1.000 (5.000) (5.000) (15.000> (15.000) 15,000 15.000 6.812 6.812 16,548 30,000 16.548 30,000 2.672 29,167 29,167 2,672 2,000 4.000 17.816 11.741 7,056 2,348 2,753 4,599 18.350 22.993 5,226 21.103 27,592 5,226 17,816 11,741 7,056 2,348 42,000 10,0 10,000 5,000 125 125 3.750 21.250 25.000 10.000 4,777 10,000 4,777 10,000 2,205 10,000 2,205 82,268 326.333 408.601 27.235 310,188 337.423 38
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) Incom• from charltable actlvftl•• Unrestrfctod Unrestrlcted fund8 funds 2024 2023 Charltabl• acllvltl•• Sales of services by beneficlarles Anclllary tradlng income 95,840 14,986 105.644 24,143 110,826 129.787 Incom• from other tradlng actlvltl•s Unre8trlcted Unrestrlcted funds funds 2024 2023 Fundr818ing events 18,804 28.S35 Incom• from Inv•8lm•nts Unr•8trlct•d Unr•8trlcted funds funds 2024 2023 Interest recelvable 8.792 1.512 Oth•r Incom• Unro•trl¢tsd Unro•trlctsd funds funds 2024 2023 Net gain on disposal of tangible red assets Other income (4,832) 12,217 7,277 12,217 7.277 39
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) Expondlture on charltable actlvlll Charltable acllvltles 2024 Charftablo actlvltles 2023 Dlroct Costs Staff costs Staff other costs Panty costs R&dlstributed food donatlon Food purchased for food bank Van and motor expenses Office costs Bullding running costs Educatlon and training Refreshment and caterlng Volunteer expenses Activities, events and project C08ts 373.922 2.363 210,156 233,377 38,704 15,183 19.201 44.115 4.180 4,341 2,550 12.771 350.197 4.751 234.129 232.074 31.332 21.385 12.248 49.033 280 2.786 567 2.654 960,863 941.436 Shar• of support and gov•manc• C18 (•M not• 91 Support Govemance 186,265 41,835 196,833 27,321 1.188,963 1,165.590 Anaty•l• by lund Unrestrlcted funds Restrlcted fund8 817,260 371,703 845.105 320.485 1.188,963 1,165.590 40
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) Support costs allocated to actlvltlos Charltablo actlvftlos 2024 Total 2023 Staff costs Depreciation Insurance Advertising and publi Subscriptions, membershlps and publication8 Payroll fees Bank charges Sundry expenses Professional fee8 Govemance 140,120 27,704 5,945 609 880 924 3,947 179 5,957 41,835 127.058 34,347 5,255 2.106 3.794 878 4.446 212 18,737 27,321 228,100 224.154 10 N•t mov•m•nt In fund• 2024 2023 The net movement In funds Is 8tated after charglng1(credillng): Fees payable for the audlt of the charlvs finandal statements Depreclatlon of owned tangible ffixed assets Loss on dlsposal of tangible fixed assets 5,400 27,704 4,832 5.400 34.347 11 Tru•tO0• None of the trustees (or any persons connected wilh them) received any remun8rallon or benefits from the charity during the year. 12 Employ•o• Tho average monthly number of employees dufing the year was: 2024 Number 2023 Number Management Admin & Support Direct Food Direct Financial Total 16 17 41
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) 12 Employe0$ Icontlnued) Employment C1* 2024 2023 Wages and salaries Social security costs Other penslon costs 500,208 37,390 12,879 453.410 33.928 11.838 550,477 499.176 There were no employees whose annual remuneration wa8 more than £60,000. Remunoratlon of koy management personnel The remunerats'on of key management personnel was as follows.. 2024 2023 Aggregat8 compensatlon 130.994 The key management personnel of the charity compr18e the trustees, the CEO and Senlor Man8gem8nt Team. 13 Taxallon The charlty Is exempt from taxatton on Its actfvitles because all Ms Income Is applled for chartiable purposes. 14 Tanglbl• flx•d a•••t• Flxtur•• •nd Comput•r• flttlng• Motor v•hlcl•• Tol•l Cost At 1 Aprll 2023 Additions Disposals 43,990 1.968 (8.838) 13.207 1.562 (2.000) 127.865 185.062 3.530 (10.838) At 31 March 2024 37.120 12.769 127,865 177.754 Dopreclatlon and Impalrment At 1 April 2023 Depreciation charged in the year Eliminated in respect of disposals 28,870 5.966 (3.793) 6.090 50,104 19,440 85.064 27.704 (5.793) (2.000) At 31 March 2024 31,1)43 69,544 106.975 Carrylng amount At 31 March 2024 6,077 6.381 58.321 70.779 At 31 March 2023 15.120 7.117 77,761 99.998 42
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) 14 Tanglblo flxed assets (Contlnued) 15 stks 2024 2023 Flnished goods and goods for re8818 16,816 34.089 16 D•btor• 2024 2023 Amounts lalllng du• wlthln on• y•ar: Trade debtors Other debtors Prepayments and 8rUed Income 1,395 83.903 12.080 429 5,682 97.378 17 Cradltorn: amounts falllng du• wlthln one y•ar 2024 2023 Note• Deferred income Trade creditors Other creditors Accruals 18 1.395 28 2.749 22.513 4,705 4,397 35,089 44,191 26,685 18 D•l•rr•d Incom• 2024 2023 Cxher deferred Income 1.395 Deferred income is Induded in the finana81 statements as follows: 2024 2023 Deferred income is induded within: Current liabilities 1.395 Movements in the year: 43
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) 18 Defarred Income (Contlnued) Deferred income at 1 April 2023 Released from previous periods Resources deferred in the year 1,395 {1,395) 1,395 Deferred incorne at 31 March 2024 1,395 19 Retlrnment bonofit •ch•me• 2024 2023 D•fln•d conlrlbutlon schem•• Charge to prollt or loss Sn respect of defined contrlbutlon sch8m68 12.879 11.838 The charity operaies 8 defined contrlbution pension scheme for 811 qualifying employees. The assets of th8 scheme are held separately from those ol the ch8rSty In an Independently admlnlstered fijnd. 44
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) 20 Re8trlcted fund$ The restricted funds of the charrty comprise the unexp8nded balances of donations and grants held on trust subject to specific condiiK)ns by donors as to how th8y may be used. At 1 Aprfl 2023 Incomlng rnsourc•s R•$ourc•s •xpondod Transf•rs At 31 March 2024 Duchy of Lancaster Fundlng Henry Smlth Charlty Household Support Fund LCVS CIF LCC - Neighbourhood Fund - Klrkdale LCC - Neighbourhood Fund - Dunne LCC - Neighbourhood Fund - Lake LCC - Neighbourhood Fund - Radlord LFC St Columbas LFC Strategic Grant Llverpool City Coundl CRG Lottery COL Mayoral Neighbourhood Fund Salnsbury's- Communty Grant Fund Prlsm Charitable Trust Prlsmcharftable Tfust FSF Rev nugent Riverside FOUndaOn Steve Morgan Found DCLG Tesco groundwork Torus Foundatn Food P8yts Trussell Strat Res Grant Trussell Tst Fin Inc Grt 2 Trussell Top Up (Asda, T88co) Tudor Trust Tuebrook Ward Councillors Utd Star Pple - Rosie Fnd Watches of Switzerfand West Derby Wasteland Eco Stat West Derby Wastland Pantry Winter Boost 16,500 30,100 46,534 1.791 (16,500) (28,904) (38,016) (1,791) 1.196 9.518 7,462 (7,462) (4,700) 300 (2,200) 300 (500) (25,000) <60,000) (12,132) (75,000) (3,660) 25,000 2,132 10,000 75,000 3,660 (1,500) {5,000) (15,000) 15,000 (500) 6,812 6,812 3,347 (3,347) (667) (5,875) (18,350) (34,070) (5,190) (770) (1,647) 333 875 18,350 22,993 5,226 2.000 24,994 13.917 36 1.233 1,647 4,092 4,092 7.466 21,250 (13,784) 2,376 (138) (4,276) (5,723) 2,237 6,122 254 10.000 4,777 1,200 99,185 326,333 (371,703) 53,815 45
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) 20 Rostrlcted funds Icontlnued) Prevlous year. Incoming resources Resources expended At 31 March 2023 At 1 Aprll 2022 Transfers Chrlmes Famlly Trust Cobalt Housing Community Impact Fund LCVS Covid Support Fans Suppting FB Covld Apl Henry Smlth Charity Household Supp Fund Panty Household Support Energy Mayoral Includive Growth Fund LCC - NeightK)urhood Fund - Kirkdale LCC - Neighbourhood Fund - Clubmoor LFC Foundatk)n Pantry Gmt LFC St Columbas Llverpool Clty Council CRG Mayoral Neighbourhood Fund Mayoral Neighbourhood Fund - Covld Saln8bury's- Cornmunty Grant Fund Peter Moore Foundatlon Van Prlce Pary CT Prlsm Charltable Trust Prlsmchadtable TfU8t FSF REACH fund Steve Morgan Found DCLG Steve Morgan Foundats'on Torus Foundatn Food Payts Trussell Strat Res Grant Trussell Tst Fln Inc Grt 2 TNssell Tst Top Up Payts Tudor Trust Tudor Trust Covid 19 Grant Tuebrook Ward Councillors Turssell Winter Support Gr Uld Stsr Pple- Rosie Fnd West Derby Waste Wlhs Adapt West Derby Wasteland Eco Stat West Derby Wasteland Build West Derby Wastland Pantry Winter Boost 1.100 (1,100) (7) (767) (2,814) 123 (116) (24) 791 2,814 216,177 {216,177) 29,500 92,931 (29,500) (92,931) (7,500) (9,956) 1.000 9.956 10,000 (2,538) 7,462 2,114 43,216 (2.114) (31,112) {12,104) 25,000 10,000 10,000 25,000 2.132 3,660 (5,368) (6,908) {2,500) (461) 1,029 (500) 1,000 6,898 (1,500) 1.000 (6.898) (1.000) 5,000 15,000 5.000 15.000 971 (971) (22,474) (30,000) (7,125) (17,816) (20,837) (404) 16,$48 30,000 4,000 17.816 11.741 7,056 9.273 3.347 875 34,090 19 24.994 {6.671) 1.893 (1,893) (8,353) (664) 10.000 1.647 (4.336) 4,092 1.611 4.092 (1,483) (130) (624) (1,620) (9,602) (1,005) 2.376 1,620 10,000 2.205 398 1.200 344,626 315,188 {320,485) {240,144) 99.185 46
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) 21 Unrostrlcted fund• The unrestricted funds of the charity compris8 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 Specif purposes. At 1 Aprfl 2023 Incomlng Resources r¢sour¢e• expended Transfor8 At 31 March 2024 Redundancy provision 3 months wnning cost8 General funds 48,050 222,828 417.250 (5,029) 9,074 {4.045) 43.021 231,902 254.665 658.720 (817,260) 688,128 658,720 (817,260) 529.588 Prevlous year: At 1 Aprfl 2022 Incomlng rn8ourcos Ro•ourc•• •xpendod Transf•rn At 31 March 2023 Redundancy provlslon 3 months running costs General funds 31,478 164,256 334,771 16,572 58,572 165,000 48.050 222.828 417,250 762,584 <845,105) 530,505 762.584 (845,105) 240,144 688.128 22 Anaty818 of n•t a•8•t8 bO••n lund• Unrnstrlct•d funds 2024 Ro•trlct•d funds 2024 Total 2024 At 31 March 2024: Tanglble assets Current assetsl(liabilities) 70,779 458,809 70,779 512,624 53,815 529,588 53,815 583,403 Unre8trfct•d funds 2023 Re8trlcted funds 2023 Total 2023 At 31 March 2023: Tangible assets Current assetsl(liabilities) 99,998 588,130 99.998 687.315 99.185 688,128 99.185 787.313 47
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 (Continued) 23 Related party tran8actlon8 There were no disclosable related party transactions during the year (2023 - none). 24 Ca•h ab8orbad by op•ratlon• 2024 2023 Deficit for the year (203,910) (87,818) Adjustments for: Investment Income recognised In statement of financial activities Loss on disposal of tangible fixed assets Depreciailon and impairrnent of tangible fLxed assets {8.792) 4,832 27,704 (1.512) 34.347 Movoments In worklng capltal: Decreasel(increase> Sn stock$ Decreasel(incre8se> in debtors Increase in creditors (Decreaseyincrease in daferrnd Sncomo 17,273 91,267 18.901 (1,395) (18.331) (33.302) 1.164 1.395 Cash ab80rt>od by oporatlons {54.120) (104.057) 25 Analy•l8 of changes In not fund• The charlty had no materlal debt durlng the year. 48
prepared with thanks to: xeinadin grouij rA Play your part in designing out poverty by becoming a Change Maker today standrewslive.org.uk standrewslive media@standrewslive.org.uk standrewslive 0151226 3406 standrewscn 16 Larkhill Lane, Clubmoor, L13 9BR