OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Florence Institute Trust Limited

2025-03-31-accounts

EST THE 1889 FLORRIE C'itv ot- Lil Lipool DINGLE. ' I 'L'LL'LjI'LTd I .Thrr'firi l j j IJ THE FLORENCE INSTITUTE TRUST ANNUAL REPORT APRIL 2024 - 37: MARCH 2025

INDEX

INDEX
Trustees Report 1
CEO Report 3
Financial Overview 4
Trade & Commercial Events 5
This Year in Numbers 6
Highlights This Year 8
Media & Marketing 10
The Florrie Community Land Trust 11
The Basement 12

Trustees Report

The past 12 months have been a period of both creativity and resilience for The Florrie and as Trustees we are incredibly proud of what our team, volunteers and community have achieved together.

This year we continued to deliver our mission to provide opportunities, education and cultural experiences across everything we do. The numbers of people attending continues to rise and we have introduced new classes and activities under our Community Hub programme, including community led performances, fundraisers and support services; ensuring people of all ages, abilities and backgrounds have access to high quality creative opportunities and services that break down barriers to fair access.

We have seen a huge increase in community led fundraising for the charity and we want to say a special thank you to everyone who has donated or held a fundraising event to support The Florrie.

We are pleased to report that the transfer of the barge and charity ‘The Pride of Sefton’ has now been transferred over to the Florrie and the team have exciting plans to incorporate it into our delivery for children, young people and the wider community and keep the Pride of Sefton sailing through our beautiful canal waterways.

Food support and social inclusion - through targeted projects, we tackled social isolation and supported families experiencing hardship during the cost of living crisis. Sadly, we continue to see a rise in the numbers of people requesting support.

The Basement was completed in April 2024 and we continue to identify funding to support the delivery of activities for children and young people.

We have made excellent progress on our community led housing scheme, a pioneering project aimed at creating affordable homes and managed workspace units that will also support the long term sustainability of the charity.

The commercial arm of the charity has seen an increase in generated income from hires and tenancy occupancy remained at 100% throughout the year, although venue hire remains competitive throughout the sector and we continue to drive forward enquiries and create fundraising events.

1

Overall its been a good year for the Florrie and the services we deliver have had real impact. None of our achievements would be possible without the dedication of our staff, volunteers, trustees and the unwavering support of our partners and community. Thankyou for believing in what we do and supporting our work. We look forward to another year of making a difference together.

Building for the Future

While we celebrate these successes, we remain ambitious. The coming year we will focus on:

  1. Increasing the charities financial sustainability by exploring social investment opportunities to reduce resilience on grant and grow income generating activities through venue hire and the CLT.

  2. Expand creative access by growing our music programmes and introduce new creative skills courses to help people into training and employment.

  3. Continue to preserve our historic building which remains a priority.

  4. Further develop the Florrie CLT and the housing and managed workspace development. Identifying and securing investment and working up the scheme with our development and housing partners.

  5. Review our marketing and engagement.

  6. Complete a full year social value evaluation and impact report by December 2025.

CEO Report

It has been a year of resilience while planning for the future sustainability of the charity. Our focus this year has been on sustaining new delivery for children and youth services in our new Basement facility, while securing continuation grant income for our Community Hub programme. Unfortunately we have been unsuccessful securing further Lottery funding to deliver this programme of free activities but the charity remains committed to securing funding to enable us to continue delivering the free services we offer our community. At present the charity is supporting all of the free activities via its unrestricted income from commercial activity and community fundraising.

Staff shortages remain a problem as does securing funding to keep key positions. We have a dedicated team of staff and it is a priority to sustain their employment which is key to the successful delivery of our charitable aims and objectives as the charity grows.

Once again, my sincere thanks to all of the Trustees who have guided us throughout the year with strategic and operational support and to all the staff team for their commitment to the charity and delivering a high quality service to the people who need it most; Laurence, Timo, Tony, Ian, Kellee, all of our parttime sessional staff who deliver funder outputs throughout the year and finally a huge thank you to all of our unsung heroes, our many volunteers who support the charity and help keep our doors open to the community.

Annual income targets have been set for the CEO and COO for charitable grant income (including community fundraising) and commercial income (including rental income from tenants).

Five Key Priorities for the coming year for the charity, the trade and the CLT include:

1. Secure unrestricted income via trading activity to support our charitable objectives.

2. Secure grant income for running costs and core staff salary.

3. Continue to develop the Florrie Community Land Trust housing scheme.

4. Secure income for building preservation .

5. Review and further develop our marketing strategy - linking marketing campaigns and delivery with fundraising targets.

3

Financial Overview

Trustees are pleased to report the charity remains solvent. The charity generated a total income of £762,083 (of which £372,293 was carried forward from the previous year for YIF capital works to The Basement) this figure also includes £302,682 generated from commercial income via the charities trading activity.

Income: £762,083 Expenditure: £605,845

Surplus: £156,238(of which £100,000 is restricted/designated and £56,238 is unrestricted)

Building running costs continue to rise as we feel the pressures of the cost of living crisis and recent rises in national minimum wage has seen an increase in overall salary costs within the charity.

Note:

(1) Capital expenditure incurred through YIF funding will be written off over the expected life of the asset (20years) and included in the charities depreciation figure in the Annual Accounts.

Reserves Policy:

It is the intention of the charity to ensure that once the charity achieves sustainability via its activities, that a surplus of income over expenditure is achieved. The objective of the charity is to be in a position to procure 12 months annual running costs which would be held in a reserve account.

Trade & Commercial Events

2024/25 was a successful year which even surpassed 2023/24 income. Unfortunately, towards the end of the financial year we lost the contract for the GPs/NHS who were our largest client, due to NHS cutbacks. We will continue to attempt to regain this business in 2025/26, as we did in 2024/25 pursuing Fever/ Candlelight who recently returned.

We have however, been able to maintain a 100% tenancy occupancy rate and remain proactive and formulating new relations with key business decision makers has led to new business and recommendations. Plus, regularly inviting key personnel from large influential organisations into The Florrie for walk arounds to explain what we do for our communities, people and children which has gone a long way in cementing our reputation as a venue to hire with a social conscience.

Reviewing our marketing strategy is one of the key priorities in the coming year. Feedback from funders and customers suggest that although our reputation is strong, we need to review our website, have a clear key message, strap-line and more people stories in order to demonstrate our impact to potential customers, donators and funders instantly, whilst also linking our marketing into direct fundraising campaigns and income targets.

Following the success of ‘The Big Guitar In’ and ‘Food Aid’ we aim to create more fundraising and community driven events that will generate additional unrestricted income and positivity in our local community. Packages aimed at Corporate Sponsors will also be included in our fundraising targets.

We have suffered from staff shortages for events and employing the right candidates and intend to implement a new restructure as the process was postponed this financial year.

The Florrie cafe has been refurbished with loan from Kindred but continues to operate at a loss. One of the priorities this year is to identify a partner to work with or outsource the cafe in order to generate enough income to keep the cafe functioning as an important social space for people who use our services.

5

THIS YEAR IN NUMBERS:

● Total number of visitors to the building 18173

● 1000 free classes/activities

● Over 3000 hours of volunteer time donated to the charity

● 8163 people attending a Community Hub class or event (one time visits)

● Over 500 people received 1st point of contact support, advise, guidance, and problem solving from staff

● 244 people were signposted on to additional support or services outside of The Florrie

● 120 new Community Hub members

● The Florrie guitar group now in its 10th year has 400 new members

● Painting project with local artist and a new Florrie Community banner

● No. of volunteers at various events/activities 496

6

Basement

● 181 people received free social welfare support

● 743 people received food support

7

Highlights This Year:

8

9

Media & Marketing

The Florrie website www.theflorrie.org attracted 19,750 users with over 260,000 recorded interactions.

Website activity generated 76 direct enquiries through enquiry form submissions, 80% of by MP Kim Johnson these were corporate bookings.

The Florries Heritage platform www.theflorriearchive.org attracted 3,800 users with over 56,500 recorded interactions.

The Florrie online shop generated £3200 through sales led by the hugely successful Oasis guitar raffle, and supported by strong merchandise sales at the Big Guitar-In & new Walk Florrie merchandise.

This year marked our first full year using the Google Ad Grants programme, providing us with up to £90,000 of in-kind advertising annually through running campaigns, we generated 24,000 impressions and 3,480 clicks. Adverts focused on commercial hire & promoting the charity.

The Florrie social media platforms continue to grow:

10

The Florrie Community Land Trust

The Florrie Community Land Trust submitted its Business Plan to Liverpool City Council for the transfer of three parcels of land into The Florrie ownership. At the time of writing The Florrie have successfully entered into Heads of Terms stage with LCC to transfer the land.

Our scheme has grown in volume since meeting with city planners and our proposal for new affordable homes and managed workspace now stands at 97 new homes and 11 managed workspace units. Future development of the scheme and securing investment for pre-development and site investigation works are the next stage along with The Florrie seeking external investment for wrap around support to create training and employment opportunities. Our development partners Sovini will access Homes England funding for the construction and we expect to submit a full planning application by January 2026.

11

The Basement

Revenue funding from Youth Investment Fund (YIF) for the youth workers and Basement Co-ordinator ended in March 2025. We have secured some funding from The Steve Morgan Foundation and will continue to deliver our youth services over school holidays and half term times, linking in our holiday hunger play schemes to ensure no child goes hungry when school is out. This year we will also pilot private children’s cinema and game parties in the Basement as a source of unrestricted income. We continue to liaise with The Youth Investment Fund over the financial monitoring, evaluation and obtaining our Quality Standards Accreditation in youth work.

12

es In Loving Memory of Florrie

13

Trustees: Paul Dickson Christine Hendrick Susanne Osagi Daniel Blunt Paul Jagota John Welsh Adviser to the board Kevin McManus

The Florence Institute Trust Ltd Email: info@theflorrie.org 377 Mill Street Phone No: 0151 728 2323 Liverpool Company No: 0533085 L8 4RF Charity No: 1109301

REGISTERED COMPANY NUMBER: 5330850 REGISTERED CHARITY NUMBER: 1109301

Report of the Trustees and Financial Statements For The Year Ended 31 March 2025 for The Florence Institute Trust Limited

The Florence Institute Trust Limited

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Report of the Trustees 1 to 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 9
Independent Examiner’s Report 10
Profit and Loss Account 11

The Florence Institute Trust Limited

Report of the Trustees for the year Ended 31 March 2025

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities'.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

5330850

Registered Charity number

1109301

Registered office

377 Mill Street Dingle Liverpool Merseyside L8 4RF

Trustees

Paul Dickson Christine Hendrick John Welsh Daniel Blunt Susanne Osagie Paul Jagota

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisation and Administration

The charity is developing and growing its membership. The named Directors are the board of Trustees elected via nomination by the membership the AGM. We employ a team of staff to operationally run and manage The Florrie along with apprentices and volunteers as required.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The charity undertook a review which included a risk analysis and mitigation strategy. Measures have been put in place to manage the identified risks and are being employed and monitored.

OBJECTIVES AND ACTIVITIES

The company was incorporated on 12th January 2005 under the Companies Act 1985, under the terms of the Memorandum and Articles of Association dated 22nd December 2004 and was subsequently registered as a charity in accordance with this governing document on 3rd May 2005.

The objects of the charity are: -

(a) To preserve for the public benefit of the people of the County of Merseyside and of the nation at large, the building known as the Florence Institute on Mill Street in the city of Liverpool ("the Florence Institute") ; and

(b) In the interests of social welfare to provide or assist in the provision of facilities for recreation and other leisure time occupation for the public at large with the object of improving their conditions of life; and

Page 1

The Florence Institute Trust Limited

Report of the Trustees for the year ended 31 March 2025

(c) To educate and assist young persons through their leisure time activities so as to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved and in furtherance of that object to provide in the Florence Institute from time to time a centre for meetings, lectures, classes and other forms of leisure time occupation for the benefit of young person’s; and

(d) The promotion for the public benefit of urban regeneration in areas of social and economic deprivation (and in particular the district and surrounding area of Liverpool 8) by all or any of the following means

Principal Activity

The company was established to develop plans and pursue with funding application to repair, restore, conserve and convert the building known as The Florence Institute For Boys, Mill Street, Liverpool 8 and manage the same to achieve its objects as stated in its governing document for the aforesaid beneficiaries.

ACHIEVEMENT AND PERFORMANCE

The charity generated a total income of £762,083, of which £372,293 was brought forward from the previous year for YIF capital works to the basement. This includes profits of £53,892 generated from commercial income of £302,682 via the charity’s trading activity. We carry forward a surplus of restricted, designated and unrestricted funds of £490,400 into the new financial year, with £128,199 of unrestricted funds. This represents free reserves available towards the running costs of the charity.

Building running costs continue to rise as we feel the pressure of the cost-of-living crisis and recent rises in national minimum wage has seen an increase in overall salary costs within the charity.

The Annual Accounts are presented to the AGM as a true and accurate record and will be signed off and submitted to the Charity Commission by our accountants.

FINANCIAL REVIEW

Finance: The Statement of Financial Activities shows a net income for the year of £156,845. After accounting for capital expenditure and depreciation, there was a net expenditure of £170,409. This was funded by restricted and designated reserves.

The charity carries forward an unrestricted fund of £128,199. This represents free reserves available for the running costs of the charity and is funds generated by the trading subsidiary.

An impairment review on the freehold property was carried out by the trustees in 2019 and the building was valued at £412,000. A further £609,403 has been spent on capital improvements to the basement in 2024 and 2025. The restricted/designated fund balance was £1,123,113 which represents this building valuation along with other restricted grants received and not yet spent. These are not free reserves and do not represent cash in the bank.

Reserves policy

It is the intention of the charity to ensure that once the charity achieves sustainability via its activities, that a surplus of income over expenditure be achieved. The objective of the charity is to be in a position to procure up to 1/4 annual running costs which would be held and sustained in a reserves account.

Page 2

The Florence Institute Trust Limited

Report of the Trustees for the year ended 31 March 2025

FUTURE DEVELOPMENTS

The Florrie belongs to everyone, and we will always work to ensure it remains open to all members of the community offering a multitude of free services to adults, children, young people and community groups.

Five Key Priorities for the coming year for the charity, the trade and the CLT include:

  1. Secure unrestricted income via trading activity to support our charitable objectives

  2. Secure grant income for running costs and core staff salary.

  3. Continue to develop the Florrie Community Land Trust housing scheme.

  4. Secure income for building preservation.

  5. Review and further develop our marketing strategy - linking marketing campaigns and delivery with fundraising targets

Public Benefit

The Trustees have considered the Charities Commissions’ guidance on public benefit in the shaping of its mission and the planning of the Florence Institute Trust’s activities for the year.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the directors should follow best practice and:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice, “Accounting and Reporting by Charities” and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

............................................. Christine Hendrick - Trustee

Date: 11 September 2025

Page 3

The Florence Institute Trust Limited

Statement of Financial Activities for the year ended 31 March 2025

Unrestricted
funds
Notes
£
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
3
94,845
Investment income
4,000
Activities for generating funds
42,792
Total incoming resources
141,637
RESOURCES EXPENDED
Costs of generating funds
Costs of generating voluntary income
4
3,877
Charitable activities
5
93,868
Governance costs
6
-
Total resources expended
97,745
NET INCOMING RESOURCES
43,892
RECONCILIATION OF FUNDS
Total funds brought forward
84,306
TOTAL FUNDS CARRIED FORWARD
128,199		 Restricted
funds
£
620,446
-
-
620,446
-
472,975
34,518
507,493
112,953
1,010,160
1,123,113		 2025
Total
funds
£
715,291
4,000
42,792
762,083
3,877
566,843
34,518
605,238
156,845
1,094,466
1,251,312		 2024
Total
Funds
£
741,411
3,500
50,212
795,123
1,038
575,210
34,783
611,031
184,092
910,374
1,094,466

Movements in funds are disclosed in Note 12 to the financial statements.

DESIGNATED AND ENDOWMENT FUNDS

The charity had no designated or endowment funds in either the current year or the previous year.

The notes form part of these financial statements.

Page 4

The Florence Institute Trust Limited

Balance Sheet At 31 March 2025

Designated/ 2025 2024
Unrestricted Restricted Total Total
funds funds Funds Funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 8 - 1,033,621 1,033,621 706,366
Investments 9 1 - 1 1
1 1,033,621 1,033,621 706,367
CURRENT ASSETS
Cash in hand - 193,968 193,968 731,119
Debtors 10 128,198 12,324 140,522 95,913
CREDITORS
Amounts falling due within one year 11 - (55,457) (55,457) (336,632)
NET CURRENT ASSETS 128,198 150,835 279,083 490,400
TOTAL ASSETS LESS CURRENT
LIABILITIES 128,199 1,184,456 1,312,655 1,196,767
CREDITORS:Amounts falling due
after more than one year 12 - - (61,343) (61,343) (102,301)
NET ASSETS 128,199 1,123,113 1,251,312 1,094,466
FUNDS
Unrestricted funds 128,199 84,306
Restricted funds 1,123,113 1,010,160
TOTAL FUNDS 1,251,312 1,094,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

The financial statements were approved by the Board of Directors on 11 September 2025 and were signed on its behalf by:

........................................................................ Christine Hendricks – Director

The notes form part of these financial statements.

Page 5

The Florence Institute Trust Limited

Notes to the Financial Statements for the year ended 31 March 2025

1. STATUTORY INFORMATION

The Florence Institute Trust Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. The financial statements have been prepared under the historical cost convention.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Tangible fixed assets are originally measured at cost

Freehold property is subject to regular impairment reviews and depreciation is provided accordingly.

Taxation

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

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Page 6

The Florence Institute Trust Limited Notes to the Financial Statements - continued for the year ended 31 March 2025

3. VOLUNTARY INCOME

2025
£
Grants
National Heritage Lottery Funding
37,485
National Lottery Community Fund
-
Liverpool City Council
-
Mayor’s Fund
-
Councillor’s Christmas Dinners
4,000
Community Hub
35,000
Youth and Community
15,986
Ariel Trust Ltd
5,640
Kindred LCR
79,000
Morgan Foundation
21,000
Workers Educational Association
-
Citizen Advice – Food Union
12,675
Youth Investment Fund
390,939
VOLA Consortium
9,584
MPAC
6,437
Granby Toxteth Development Trust
-
LCVS
2,000
Nespresso Fund
-
Torus Foundation
700
Other grants
-
Donations
40,953
Trading company profit donated
53,892
715,291
4.
COSTS OF GENERATING VOLUNTARY INCOME
2025
£
Telephone & IT
-
Travelling and volunteer expenses
983
Publicity and promotions
2,894
3,877
5.
BREAKDOWN OF COSTS OF CHARITABLE ACTIVITIES
Direct costs
Support costs
£
£
Running costs of the building
147,214
25,677
Activities for community benefit
335,341
58,611
482,555
84,288		 2025
£
37,485
-
-
-
4,000
35,000
15,986
5,640
79,000
21,000
-
12,675
390,939
9,584
6,437
-
2,000
-
700
-
40,953
53,892
715,291
2025
£		 2025
£
37,485
-
-
-
4,000
35,000
15,986
5,640
79,000
21,000
-
12,675
390,939
9,584
6,437
-
2,000
-
700
-
40,953
53,892
715,291
2025
£		 2024
£
64,606
54,100
5,533
-
-
8,250
-
-
-
6,000
19,870
7,857
404,873
-
-
5,000
-
5,000
700
-
159,622
-
741,411
2024
£
- 438

Page 7

The Florence Institute Trust Limited Notes to the Financial Statements - continued for the year ended 31 March 2025

6. GOVERNANCE COSTS

Wages and salaries 2025
£
34,518
34,518		 2024
£
34,873
34,873

7. TRUSTEES' REMUNERATION AND BENEFITS

There was no trustees' remuneration or other benefits for the year ending 31 March 2025, nor for the period ended 31 March 2024.

8. TANGIBLE FIXED ASSETS

COST:
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION:
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUES:
At 31 March 2025
At 31 March 2024		 Improvements Fixtures, Fittings
to Property & Motor Vehicles
£
£
6,590,159
136,998
372,293
-
6,962,452
136,998
5,908,227
112,564
32,822
12,216
5,941,049
124,780
1,021,403
12,218
681,932
24,434		 Total
£
6,727,157
372,293
7,099,450
6,020,791
45,038
6,065,829
1,033,621
706,366

The charity has acquired the Florence Institute for Boys freehold property from the Duchy of Lancaster for no cost.

The trustees have carried out an impairment review on the freehold property and value it at £412,000.

9. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 April 2024
and 31 March 2025 1
NET BOOK VALUE
At 31 March 2025 1
At 31 March 2024 1

Page 8

The Florence Institute Trust Limited Notes to the Financial Statements - continued for the year ended 31 March 2025

10.
DEBTORS
2025
2024
£
£
Trade debtors
-
9,831
Amounts owed by group undertakings
128,198
84,305
Other debtors
12,324
1,777
140,522
95,913
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade creditors
-
3,860
Taxation and social security
24,909
334
Grants received in advance
-
308,994
Loans falling due within 1 year
30,548
23,444
55,457
336,632
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Loans falling due after more than one year
61,343
102,301
13.
MOVEMENT IN FUNDS
At 1.4.24
Net
movement in
funds
At 31.3.25
£
£
£
Unrestricted funds
General fund
84,306
43,892
128,199
Restricted funds
Restricted fund
1,010,160
112,953
1,123,113
TOTAL FUNDS
1,094,466
156,845
1,251,312
Net movement in funds, included in the above are as follows:
Incoming
Resources
Resources
Expended
Movement in
funds
£
£
£
Unrestricted funds
General fund
213,334
213,334
-
Restricted funds
Restricted fund
581,789
397,697
184,092
TOTAL FUNDS
795,123
611,031
184,092		 10.
DEBTORS
2025
2024
£
£
Trade debtors
-
9,831
Amounts owed by group undertakings
128,198
84,305
Other debtors
12,324
1,777
140,522
95,913
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade creditors
-
3,860
Taxation and social security
24,909
334
Grants received in advance
-
308,994
Loans falling due within 1 year
30,548
23,444
55,457
336,632
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Loans falling due after more than one year
61,343
102,301
13.
MOVEMENT IN FUNDS
At 1.4.24
Net
movement in
funds
At 31.3.25
£
£
£
Unrestricted funds
General fund
84,306
43,892
128,199
Restricted funds
Restricted fund
1,010,160
112,953
1,123,113
TOTAL FUNDS
1,094,466
156,845
1,251,312
Net movement in funds, included in the above are as follows:
Incoming
Resources
Resources
Expended
Movement in
funds
£
£
£
Unrestricted funds
General fund
213,334
213,334
-
Restricted funds
Restricted fund
581,789
397,697
184,092
TOTAL FUNDS
795,123
611,031
184,092		 10.
DEBTORS
2025
2024
£
£
Trade debtors
-
9,831
Amounts owed by group undertakings
128,198
84,305
Other debtors
12,324
1,777
140,522
95,913
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade creditors
-
3,860
Taxation and social security
24,909
334
Grants received in advance
-
308,994
Loans falling due within 1 year
30,548
23,444
55,457
336,632
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Loans falling due after more than one year
61,343
102,301
13.
MOVEMENT IN FUNDS
At 1.4.24
Net
movement in
funds
At 31.3.25
£
£
£
Unrestricted funds
General fund
84,306
43,892
128,199
Restricted funds
Restricted fund
1,010,160
112,953
1,123,113
TOTAL FUNDS
1,094,466
156,845
1,251,312
Net movement in funds, included in the above are as follows:
Incoming
Resources
Resources
Expended
Movement in
funds
£
£
£
Unrestricted funds
General fund
213,334
213,334
-
Restricted funds
Restricted fund
581,789
397,697
184,092
TOTAL FUNDS
795,123
611,031
184,092		 10.
DEBTORS
2025
2024
£
£
Trade debtors
-
9,831
Amounts owed by group undertakings
128,198
84,305
Other debtors
12,324
1,777
140,522
95,913
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade creditors
-
3,860
Taxation and social security
24,909
334
Grants received in advance
-
308,994
Loans falling due within 1 year
30,548
23,444
55,457
336,632
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Loans falling due after more than one year
61,343
102,301
13.
MOVEMENT IN FUNDS
At 1.4.24
Net
movement in
funds
At 31.3.25
£
£
£
Unrestricted funds
General fund
84,306
43,892
128,199
Restricted funds
Restricted fund
1,010,160
112,953
1,123,113
TOTAL FUNDS
1,094,466
156,845
1,251,312
Net movement in funds, included in the above are as follows:
Incoming
Resources
Resources
Expended
Movement in
funds
£
£
£
Unrestricted funds
General fund
213,334
213,334
-
Restricted funds
Restricted fund
581,789
397,697
184,092
TOTAL FUNDS
795,123
611,031
184,092
795,123 611,031 184,092

Page 9

Independent Examiner's Report to the Trustees of The Florence Institute Trust Limited

Independent examiner's report to the trustees of The Florence Institute Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements 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 as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I 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 accounts to be reached

P C Taylor 74 Brook Vale Waterloo Liverpool Merseyside L22 3YB

11 September 2025

Page 10

The Florence Institute Trust Limited

Profit and Loss Account

for the year ended 31 March 2025

2025
£
Income:
Rents received

Other income:
Grants received
Donations received
Trading company profit donated
Bank interest
Administration costs:
Wages and staff costs
Rates and water
Telephone & IT
Motor expenses

Travelling and volunteer expenses
Publicity and promotion
Computer expenses
Light and heat
Repairs and renewals
Security
Events and activities
Audit and accountancy
Licences and insurance
Legal, professional and consultancy fees
Bank charges
Depreciation of tangible fixed assets
NET SURPLUS/(DEFICIT)
Memo:
Grant Funded Capital Expenditure		 2024
£
£
42,792

620,446

40,953
53,892
4,000

762,083

303,074
3,015
731
12,277
1,965
2,894
498
71,802
19,011
5,318
77,223
933
20,700
39,623
1,135
45,039
605,238
156,845

372,293		 £
50,212
581,789
159,622
-
3,500
795,123
278,781
1,832
4,376
2,643
-
600
177
77,727
17,659
3,993
178,822
526
15,702
1,610
160
26,423
611,031
184,092
284,139

This page does not form part of the statutory financial statements

Page 11

Independent Examiner's Report to the Trustees of The Florence Institute Trust Limited Independent examiner's report to the trustees of The Florence Institute Trust Limited ('the Company,) I rcport to thc charity trustees on my examination of thc accounts of the Company for the ycar ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the pu￿￿SeS of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audiied under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('Ihe 2011 Act,). In carrying out my examination I haTre followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confTh that no matters have come to my attention in connection with the examination giving me cause to believe- accounting records were not kept in respect of the Company 2$ required by section 386 of the 2006 Act; or the accounts do not accord ￿'1th those records- or the accounts do not cornply ￿'1th the accounting requiremenLs of ,section 396 of the 2(M)6 Act other than any requirement that the accounts. gi￿.¢ a true and fair view which is not a matter considered as part of an independent exan]ination' or the accounts have not been prepared in accordance with the methods and Principles of the Statement of Recommended Practice for accounting and repolling by charities [applicable to chariiies preparing their accounts in accordance with ihe Financial Reporting SLqndard applicable in ihe UK and Republic of beland {FRS 102}]. I have no concerns and have come across no other matters in conneclion with the examination to which attention should be drawn in this report in order to enable a proper understanding of Ihe accounts to be reached P C Taylor 74 Brook Vale Waterloo Liverpool Mer.%eyside L22 3YB I I S¢ptember 2025 Page 10