Company Registration Number - 05437845
The Charity Registration Number is :- 1110049
Liverpool Six Community Association
Report and Accounts
31 March 2024
Liverpool Six Community Association
Report and accounts for the year ended 31 March 2024
Contents
| Page | ||
|---|---|---|
| Charity information | 1 | |
| Trustees' Annual Report | 1 | |
| Statement of directors' responsibilities | 5 | |
| Independent Examiner's Report | 7 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 9 | |
| Statement of Financial Activities - Prior Year statement | 10 | |
| Movements in funds | 11 | |
| Income and Expenditure account | 12 | |
| Balance sheet | 13 | |
| Notes to the accounts | 14 |
Liverpool Six Community Association
Company Registration Number - 05437845
Trustees' Annual Report for the year ended 31 March 2024
The Trustees present their Report and Accounts for the year ended 31 March 2024, which also comprises the Directors' Report required by the Companies Act 2006.
Reference and administrative details
The charity name.
The legal name of the charity is:- Liverpool Six Community Association.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1110049.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
The principal operating address, telephone number, email and web addresses of the charity are:-
99 Queens Road Everton, Liverpool L6 2NR Telephone T 01512601297 Email Address L6centre@aol.com Web address liverpool6community.org.uk
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
The Trustees in office on the date the report was approved were:-
B Dowling J Ferry A Hincks M McGiveron M Van-Vliet
The following persons served as Trustees during the year ended 31 March 2024 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts. All the trustees are also members of the charity.
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Liverpool Six Community Association
Company Registration Number - 05437845
Trustees' Annual Report for the year ended 31 March 2024
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
To promote the benefit of inhabitants of the L6 area of Liverpool, i.e. the area bounded by Breck Road, Everton Road, West Derby Road and Belmont Road, without distinction of age, sex, race, political or religious or other opinions, by associating together the local statutory authorities, voluntary organisations and inhabitants in a common effort to advance education, and to provide facilities in the interest of social welfare for recreation and leisure time occupation for the inhabitants.
The main activities, achievements and performance of the charity during the year and the difference the charity's performance has made to the beneficiaries of the charity and benefitted wider society.
Liverpool Six Community Association has continued to support a community living in hardship and deprivation and we strive to prioritise financial sustainability during such turbulent times.
We have faced many challenges & worked tirelessly to support the community. Continued support from Feeding Liverpool has played an essential role which has enabled us to support the community with food to make nutritional, hot healthy meals, many would be very hungry without this support. The Cost-of-Living Crisis Fund delivered by the National Lottery Community Fund has been a vital fund for us to provide 1000’s of instances of support to ensure the physical and mental health and well-being of the Community, our projects have provided a critical service to the most vulnerable within our community. We pride ourselves on the fact that whilst we are supporting the poorest parts of Liverpool, we are recruiting and delivering our services by staff, volunteers and trustees who live within the area themselves have suffered from hardships and know first-hand the importance of community cohesion and support. Most people who are involved therefore in what we do are people who recognise and understand the issues that others within our community face and so are better placed at recognising issues and resolving them.
Our Caravan based at Oakfield Park in North Wales has allowed numerous families to enjoy weekend and week breaks between April 23 and March 24 allowing them to visit the countryside and beaches away from city life.
The Easter Bunny visited our Youth Club Children, and they all received an Easter Egg from him, he also surprised older residents at Cabaret and Afternoon Tea events. Although the sun did not shine very much during the children’s summer holidays, they had hours of fun learning how to cook, experimenting, playing active games, arts and crafts & eating nutritional healthy meals. Our Christmas project began on 1st December and Santa visited schools and events in his grotto ensuring as many children as possible got the chance to meet him and his elves. We received 100’s of Christmas referrals and each parcel contained toys, selection boxes and new pyjamas to ensure these children woke up on Christmas morning to presents from Santa.
Services have been maintained and grown and our base in the heart of a community living in deprivation and hardship is stronger than ever thanks to a very strong volunteer network and continued community support throughout 2023-24. We look forward to continuing our projects and reaching even more families, older residents within the coming year.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
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Liverpool Six Community Association
Company Registration Number - 05437845
Trustees' Annual Report for the year ended 31 March 2024
The funding for 2023/24 is greatly appreciated and was as follows:
Big Lottery Community Funding
In June 2023 we were absolutely delighted to receive confirmation that our funding bid had been approved and has secured job roles for staff for the next 3 years along with capital costs.
Feeding Liverpool/CAB
Their funding and support have been vital for us to ensure families and older residents have enough food to eat including fresh fruit and vegetables and we have a fantastic relationship with their team.
Cost of Living Fund delivered by the National Lottery Community Fund
This funding provided a critical service to our older/vulnerable residents faced with the cost-of-living crisis and residents received food, goods, kept warm and well at a variety of projects. This funding was vital for the community.
Garfield Weston
This funding has helped us to secure staff and fund running costs at Liverpool Six Community Association, their ongoing support has been vital and is greatly appreciated.
Henry Smith Charity
Ongoing support from Henry Smith ensures salaries for staff, running costs and goods for families and older residents living in deprivation. We are so grateful that Henry Smith continues to believe in us and support us.
HAF & MPAC
Their funding ensured children from across the City have had fabulous Easter, Summer and half term holidays which included trips, holidays, and hot nutritional meals and hampers, there funding has been a god send for these children.
Peel Group Foundation
Their funding in February 24 has ensured families and older people continue to eat well and we are so thankful for their support.
Julia & Hans Trust
Their funding has ensured families and older people continue to eat well and we are so thankful for their support.
Steve Morgan Foundation
The Smiley bus has ensured that we can continue to ferry our community to events, day trips & appointments when needed. We are forever grateful to Steve Morgan Foundation for our smiley bus.
Pilkington Charity, Alex Ferry Foundation, Torus, Plus Dane, Sigma Group & Onward Housing Associations, Carpenters Group, Sourced Development Group, Consortium, LCVS, Various Unions, 64 Trust, MNF funding from Anfield Ward Councillors, Neighbourly Together, CIF, have all been instrumental in strengthening our vital projects and ensuring the health and well-being of a community living in deprivation and hardship. We are thankful to each donor this year. Together We Are Stronger and so thankful to All Staff and Volunteers at L6 Centre.
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Liverpool Six Community Association
Company Registration Number - 05437845
Trustees' Annual Report for the year ended 31 March 2024
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
Trustees are appointed on the basis of their ability to bring to the Board a range of skills to assist in the governance and development of the Charity. Before appointment they are guided by the Chairperson and Vice Chairperson through a comprehensive induction procedure designed to give them a complete understanding of the aims and aspirations of the Charity. In addition, Charity Commission literature is given to all Trustees on an on-going basis in order to assist them to understand their legal responsibilities.
Bankers Lloyds Bank Plc, Liverpool Law Courts Branch, 2-12 Lord Street, Liverpool, L2 1TS
Financial review
The charity's financial position at the end of the year ended 31 March 2024
The financial position of the charity at 31 March 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Restricted Revenue Funds Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income |
2024 £ 65,100 116,393 81,003 197,396 |
2023 £ (72,689) 97,892 34,404 132,296 |
|---|---|---|
Financial review of the position at the reporting date, 31 March 2024 .
The trustees consider the financial performance by the charity during the year to have been satisfactory particularly given the current climate.
Total incoming resources were £449,771 and total outgoing resources were £384,671 giving rise to net outgoing resources of £65,100. Total funds at 31 March 2024 were £197,396 which are divided into restricted and unrestricted funds as above.
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Liverpool Six Community Association
Company Registration Number - 05437845
Trustees' Annual Report for the year ended 31 March 2024
Policies on reserves.
The charity is run on a not-for-profit basis, but for prudent management the Board would ideally wish to establish a level of free revenue reserves sufficient to cover 3 months' staff costs and overheads which at current levels would be in the region of £80000 to guard against contingencies or reduced fundraising opportunities. The Trustees and management are preparing business plans the objective of which is to provide for adequate cash flows and funds and to manage the day-to-day operations within the current level of resources. Income Generation is an ongoing activity for sustainability and progress has been made in establishing positive reserves but the charity continually monitors achievement against the plan to meet its objectives. The Charity is grateful for the support of key funders. The Trustees plan to build a reserve sufficient to support the activity of the Charity and develop a sustainable Charity.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Details of The Independent Examiner
Matthew Brown Member of CIPFA Bluecoat Chambers College Lane Liverpool L1 3BZ
Statement of the Directors' and Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
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to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
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state whether applicable accounting standards and statements of
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recommended practice have been followed, subject to any material
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departures disclosed and explained in the financial statements;
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Liverpool Six Community Association
Company Registration Number - 05437845
Trustees' Annual Report for the year ended 31 March 2024
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
Method of preparation of accounts - Small company provisions
The financial statements are set out on pages 9 to 27.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 11 November 2024.
MIRIAM VAN VILET Director and Trustee
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Liverpool Six Community Association
Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2024
I report to the Trustees on my examination of the financial statements of the charitable company on pages 9 to 27 for the year ended 31 March 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 14.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
As described on page 5, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of Independent Examiner's Statement and scope of work undertaken
Since the charitable company's gross income exceeded £250,000, the charitable company's examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am an authorised member of CIPFA, which is one of the listed bodies.
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
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Liverpool Six Community Association
Independent Examiner's Statement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006; The gross income of the charitable company in the year ended 31 March 2024 appears to exceed the sum specified in Section 145(3) of the Act, namely £250000, and that I am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of CIPFA;
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
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 financial statements to be reached.
Signed
Matthew Brown - Independent Examiner CIPFA
Bluecoat Chambers College Lane Liverpool L1 3BZ
This report was signed on 11 November 2024
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Liverpool Six Community Association - Statement of Financial Activities for the year ended 31 March 2024
Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2024, as required by the Companies Act 2006)
| Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Total income A Expenditure on: Charitable activities B2 Other B3 Total expenditure B Net income for the year Transfers between funds C Net income after transfers A-B-C Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net movement in funds |
Current year Unrestricted Funds 2024 £ 76,907 33,305 110,212 84,416 3,595 88,011 22,201 (3,700) 18,501 18,501 97,892 116,393 |
Current year Restricted Funds 2024 £ 339,559 - 339,559 296,660 - 296,660 42,899 3,700 46,599 46,599 34,404 81,003 |
Current year Total Funds 2024 £ 416,466 33,305 449,771 381,076 3,595 384,671 65,100 - 65,100 65,100 132,296 197,396 |
Prior Year Total Funds 2023 £ 344,751 44,396 389,147 461,836 - 461,836 (72,689) - (72,689) (72,689) 204,985 132,296 |
|---|---|---|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations
The notes attached on pages 14 to 27 form an integral part of these accounts.
9
Liverpool Six Community Association - Statement of Financial Activities for the year ended 31 March 2024
Liverpool Six Community Association - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP
| Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Total income A Expenditure on: Raising funds B1 Charitable activities B2 Total expenditure B B4 Net income for the year Transfers between funds C Net income after transfers Reconciliation of funds:- E Total funds brought forward Total funds carried forward Net movement in funds SORP Ref |
Prior Year Unrestricted Funds 2023 £ 70,403 44,396 114,799 - 212,209 212,209 (97,410) - (97,410) (97,410) 195,302 97,892 |
Prior Year Restricted Funds 2023 £ 274,348 - 274,348 - 249,627 249,627 24,721 - 24,721 24,721 9,683 34,404 |
Prior Year Total Funds 2023 £ 344,751 44,396 389,147 - 461,836 461,836 (72,689) - (72,689) (72,689) 204,985 132,296 |
|---|---|---|---|
All activities derive from continuing operations
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'
The notes attached on pages 14 to 27 form an integral part of these accounts.
10
Liverpool Six Community Association - Statement of Financial Activities for the year ended 31 March 2024
Movements in revenue and capital funds for the year ended 31 March 2024
Revenue accumulated funds
| Accumulated funds brought forward (From)/To unrestricted revenue funds Closing revenue funds Summary of funds Revenue accumulated funds Recognised gains and losses before transfers |
Unrestricted Funds 2024 £ 97,892 22,201 120,093 (3,700) 116,393 Unrestricted and Designated funds 2024 £ 116,393 |
Restricted Funds 2024 £ 34,404 42,899 77,303 3,700 81,003 Restricted Funds 2024 £ 81,003 |
Total Funds 2024 £ 132,296 65,100 197,396 - 197,396 Total Funds 2024 £ 197,396 |
Last year Total Funds 2023 £ 204,985 (72,689) 132,296 - 132,296 Last Year Total Funds 2023 £ 132,296 |
|---|---|---|---|---|
The notes attached on pages 14 to 27 form an integral part of these accounts.
11
Liverpool Six Community Association - Statement of Financial Activities for the year ended 31 March 2024
Liverpool Six Community Association
Income and Expenditure Account for the year ended 31 March 2024 as required by the Companies Act 2006
| Income Income from operations Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Governance costs Other expenditure Realised losses on disposals of social investments which are programme related Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income |
2024 £ 449,771 449,771 449,771 372,440 5,816 2,820 3,595 - 384,671 65,100 - 65,100 65,100 |
2023 £ 389,147 389,147 389,147 453,200 5,816 2,820 - - 461,836 (72,689) - (72,689) (72,689) |
|---|---|---|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 14 to 27 form an integral part of these accounts.
12
Liverpool Six Community Association - Balance Sheet as at 31 March 2024
| SORP | ||||||
|---|---|---|---|---|---|---|
| Notes | Ref | 2024 | 2023 | |||
| £ | £ | |||||
| Fixed assets | A | |||||
| Tangible assets | 9 | A2 | 25,806 | 31,622 | ||
| Current assets | B | |||||
| Debtors | 10 | B2 | - | 113 | ||
| Cash at bank and in hand | B4 | 176,443 | 106,629 | |||
| Total current assets | 176,443 | 106,742 | ||||
| Creditors: amounts falling due within | ||||||
| one year | 11 | C1 | (4,853) | (6,068) | ||
| Net current assets | 171,590 | 100,674 | ||||
| The total net assets of the charity | 197,396 | 132,296 | ||||
| The total net assets of the charity are | funded by | the funds | of the charity, | as follows:- | ||
| Restricted funds | ||||||
| Restricted Revenue Funds | 15 | D2 | 81,003 | 34,404 | ||
| Unrestricted Funds | 81,003 | 34,404 | ||||
| Unrestricted Revenue Funds | 15 | D3 | 116,393 | 97,892 | ||
| Designated Funds | 116,393 - |
97,892 - |
||||
| Total charity funds | 197,396 | 132,296 |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 8.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
MIRIAM VAN VILET
Trustee
Approved by the board of trustees on 11 November 2024
The notes attached on pages 14 to 27 form an integral part of these accounts.
13
Liverpool Six Community Association
Notes to the Accounts for the year ended 31 March 2024
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Going Concern
There are no uncertainties about going concern.
Risks and future assumptions
The charity is a public benefit entity.
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
14
Liverpool Six Community Association
Notes to the Accounts for the year ended 31 March 2024
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Policies relating to assets, liabilities and provisions and other matters.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Leasehold improvement 10 % straight line Fixtures, fittings and equipment 25 % straight line Motor vehicles and fixed caravan 10 % straight line
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade
discounts due.
Financial instruments including cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the
charity.
There are no designated funds.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
There are no endowment funds.
15
Liverpool Six Community Association
Notes to the Accounts for the year ended 31 March 2024
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
4 Significance of financial instruments to the charity's position
There are no significant implications of such matters.
- 5 Net surplus before tax in the financial year
| 2024 £ The net surplus before tax in the financial year is stated after charging:- Depreciation of owned fixed assets 5,816 The contribution of volunteers Staff costs and emoluments Salary costs 2024 £ Gross Salaries excluding trustees and key management personnel 175,589 Employer's National Insurance for all staff 6,043 Total salaries, wages and related costs 181,632 The average number of part time staff employed in the year was 6 The average number of full time staff employed in the year was 5 The estimated full time equivalent number of all staff employed in the year was 7 The estimated equivalent number of full time staff deployed in different activities in the year was:- Engaged on charitable activities 4 Engaged on management and administration 3 The estimated full time equivalent number of all staff employed as above 7 The charity depends on the support of its volunteers, which is much appreciated. |
2023 £ 5,816 2023 £ 187,153 6,081 193,234 5 5 7 4 3 7 |
|---|---|
6 The contribution of volunteers
7 Staff costs and emoluments
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
16
Liverpool Six Community Association
Notes to the Accounts for the year ended 31 March 2024
8 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
9 Tangible fixed assets
| Current Year Cost At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 10 Debtors Prepayments and accrued income 11 Creditors: amounts falling due within one year Trade creditors Accruals 12 Income and Expenditure account summary At 1 April 2023 Surplus after tax for the year At 31 March 2024 |
Leasehold Improvement s £ 5,750 5,750 4,600 575 5,175 575 1,150 |
Fixtures and equipment £ 6,337 6,337 3,216 1,584 4,800 1,537 3,121 |
Motor Vehicles and fixed caravan £ 36,568 36,568 9,217 3,657 12,874 23,694 27,351 2024 £ - 2024 £ - 4,853 4,853 2024 £ 132,296 65,100 197,396 |
Total £ 48,655 48,655 17,033 5,816 22,849 25,806 31,622 2023 £ 113 2023 £ 3,214 2,854 6,068 2023 £ 204,985 (72,689) 132,296 |
|---|---|---|---|---|
17
Liverpool Six Community Association
Notes to the Accounts for the year ended 31 March 2024
13 No related party transactions
There have been no transactions with related parties.
14 Particulars of how particular funds are represented by assets and liabilities
| At 31 March 2024 Tangible Fixed Assets Current Assets Current Liabilities At 1 April 2023 Tangible Fixed Assets Current Assets Current Liabilities |
Unrestricted funds £ 25,806 95,440 (4,853) 116,393 Unrestricted funds £ 31,622 72,338 (6,068) 97,892 |
Designated funds £ - - - Designated funds £ - - - - |
Restricted funds £ - 81,003 - 81,003 Restricted funds £ - 34,404 - 34,404 |
Total Funds £ 25,806 176,443 (4,853) 197,396 Total Funds £ 31,622 106,742 (6,068) 132,296 |
|---|---|---|---|---|
15 Change in total funds over the year as shown in Note 14 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Restricted funds:- Torus Foundation Garfield Weston Foundation Feeding Liverpool Julia and Hans Rausing Trust National Lottery Community Fund RC North West Region Department for Education Holiday Activities Fund and Community Impact Fund Peel Group Foundation Total restricted funds Total charity funds |
Funds brought forward from 2023 £ 97,892 97,892 - 20,000 6,404 8,000 - - - 34,404 132,296 |
Movement in funds in 2024 See Note 16 £ 22,201 22,201 (3,700) 400 12,218 (8,000) 28,481 3,000 10,500 42,899 65,100 |
See Note 17 £ (3,700) (3,700) 3,700 - - - - - - 3,700 - Transfers between funds in 2024 |
Funds carried forward to 2025 £ 116,393 116,393 - 20,400 18,622 - 28,481 3,000 10,500 81,003 197,396 |
|---|---|---|---|---|
18
Liverpool Six Community Association
Notes to the Accounts for the year ended 31 March 2024
16 Analysis of movements in funds over the year as shown in Note 15
| Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds:- Torus Foundation Garfield Weston Foundation Feeding Liverpool Julia and Hans Rausing Trust National Lottery Community Fund RC North West Region Living Crisis Fund Merseyside Play Action Council The Henry Smith Foundation Department for Education Holiday Activities Fund and Community Impact Fund Peel Group Foundation |
Income 2024 £ 110,212 12,000 30,000 31,907 - 113,924 73,728 9,000 25,000 24,000 20,000 449,771 |
Expenditure 2024 £ (88,011) (15,700) (29,600) (19,689) (8,000) (85,443) (73,728) (9,000) (25,000) (21,000) (9,500) (384,671) |
Other Gains & Losses 2024 £ - - - - - - - - - - - - |
Movement in funds 2024 £ 22,201 (3,700) 400 12,218 (8,000) 28,481 - - - 3,000 10,500 65,100 |
|---|---|---|---|---|
17 Details of transfers between funds
The transfers shown in note 15 above are:- 2024 £ To/(from) Unrestricted Revenue Funds (3,700) To/(from) Restricted Revenue Funds 3,700 Net transfers -
The purposes for which the funds as detailed in note 15 are held by the 18 charity are:-
Unrestricted and designated funds:-
Unrestricted Revenue Funds
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
Restricted funds:-
Torus Foundation
Garfield Weston Foundation
Funding towards our poverty projects, foodbank, school uniforms and baby goods.
Funding towards running costs of the organisation.
19
Liverpool Six Community Association
Notes to the Accounts for the year ended 31 March 2024
Funds to purchase food for food bank, food hub, lunch clubs and youth club.
Feeding Liverpool
Funding to purchase food and supplies
Julia and Hans Rausing Trust Funding to purchase food and supplies National Lottery Community Fund RC Funding towards salaries and capital costs. North West Region National Lottery Community Fund Cost of Funding towards food for projects, room hire, salaries, sessional staff and Living Crisis Fund running costs. Funding towards salaries, sessional staff, room hire, food, equipment and Merseyside Play Action Council trips.
Funding towards running costs.
The Henry Smith Foundation
Funding from Holiday Activities Fund towards salaries, sessional staff, Department for Education Holiday Activities food, equipment, trips and room hire and from the Community Impact Fund Fund and Community Impact Fund towards running costs.
Peel Group Foundation
Funding to feed extra children at the youth club and to purchase equipment and goods to grow own vegetables, plants etc.
19 Ultimate controlling party
The charity is under the control of its legal members.
20
Liverpool Six Community Association
Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015
This analysis is classsified by conventional nominal descriptions and not by activity.
20 Donations, Grants and Legacies
| Donations and gifts from individuals Revenue grants from government and public bodies - Prior Year Small donations individually less than £1000 Total public sector revenue grants Feeding Liverpool Total donations and gifts from individuals Revenue grants from government and public bodies Liverpool City Council National Lottery Community Fund RC North West Region National Lottery Community Fund Cost of Living Crisis Fund Department for Education Holiday Activities Fund and Community Impact Fund Carpenters Group Ltd Plus Dane Housing Association Mr IJ Mrs CLD Sourced Development Group Limited Moorcrofts Solicitors LLP Lilly through LCVS |
Current year Current year Unrestricted Funds Restricted Funds 2024 2024 £ £ 40,087 - 7,200 - 2,000 - 1,000 - 1,000 - 1,000 - 1,000 - 53,287 - Current year Current year Unrestricted Funds Restricted Funds 2024 2024 £ £ - 31,907 - 113,924 - 73,728 - 24,000 - - - 243,559 Prior Year analysis Prior Year Prior Year Unrestricted Funds Restricted Funds 2023 2023 £ £ (5,500) 157,481 |
Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 40,087 49,863 7,200 - 2,000 - 1,000 - 1,000 - 1,000 - 1,000 - 53,287 49,863 Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 31,907 32,991 113,924 61,154 73,728 10,000 24,000 28,638 - 19,198 243,559 151,981 Prior Year Total Funds 2023 £ 151,981 |
|---|---|---|
21
Liverpool Six Community Association
Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015
| Total private sector revenue grants Torus Foundation Onwards Homes The Henry Smith Foundation Revenue grants and donations from non public bodies Garfield Weston Foundation Merseyside Play Action Council Small grants individually less than £1000 Sigma Group MNF Anfield Julia and Hans Rausing Trust Peel Group Foundation 64 Trust Pilkingtons Alex Ferry |
Current year Unrestricted Funds 2024 £ 2,250 - - - - - - 3,000 1,370 1,500 3,000 10,000 2,500 23,620 |
Current year Restricted Funds 2024 £ - 30,000 - 25,000 12,000 20,000 9,000 - - - - - - 96,000 |
Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 2,250 32,707 30,000 30,000 - 19,200 25,000 25,000 12,000 22,000 20,000 - 9,000 5,500 3,000 3,000 1,370 3,500 1,500 - 3,000 - 10,000 - 2,500 2,000 119,620 142,907 |
|---|---|---|---|
Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiaries) - Prior Year analysis
| Prior Year Total Donations, Grants and Legacies Total Donations, Grants and Legacies A1 Prior year Total Donations, Grants and Legacies A1 |
Prior Year Unrestricted Funds 2023 £ 26,040 |
Prior Year Restricted Funds 2023 £ 116,867 |
Prior Year Total Funds 2023 £ 142,907 416,466 344,751 Prior Year Total Funds 2023 £ 344,751 |
|---|---|---|---|
| 76,907 Unrestricted Funds 2023 £ 70,403 |
339,559 Restricted Funds 2023 £ 274,348 |
22
Liverpool Six Community Association
Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015
21 Income from charitable activities - Trading Activities
| Current year Primary purpose and ancillary trading 22 Current year Total income from charitable trading Total from charitable activities A2 Activities income Food Hub income Total Primary purpose and ancillary trading Rental income and room hire Total Income from charitable activities |
Current year Unrestricted Funds 2024 £ 24,428 8,877 - 33,305 Current year Unrestricted Funds 2024 £ 33,305 33,305 |
Current year Restricted Funds 2024 £ - - - - Current year Restricted Funds 2024 £ - - |
Current year Prior Year Total Funds Total funds 2024 2023 £ £ 24,428 20,859 8,877 22,117 - 1,420 33,305 44,396 Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 33,305 44,396 33,305 44,396 |
|---|---|---|---|
23 Expenditure on charitable activities - Direct spending
| Current Year Total direct spending B2a Motor running expenses Trips, events and activities Employers' NI - Charitable activities Gross wages and salaries - charitable activities Project food and essentials and Food Hub Donations to good causes Prior year PAYE adjustment Fareshare Funded activities Freelance staff |
Current year Unrestricted Funds 2024 £ - - - - - - 1,600 1,004 - 2,525 5,129 |
Current year Restricted Funds 2024 £ 114,518 5,390 48,008 57,104 1,999 3,920 - 2,363 - - 233,302 |
Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 114,518 141,604 5,390 6,081 48,008 39,484 57,104 98,776 1,999 - 3,920 12,182 1,600 - 3,367 - - 43,965 2,525 - 238,431 342,092 |
|---|---|---|---|
23
Liverpool Six Community Association
Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015
| Prior Year Prior Year Unrestricted Funds 2023 £ 10,701 - 19,536 Total direct spending B2a 92,465 24 Expenditure on charitable activities - Charitable trading Current year Current Year Unrestricted Funds 2024 £ Reallocated from support costs 56,831 Total charitable trading costs B2b 56,831 Project food and essentials and Food Hub Gross wages and salaries - charitable activities Trips, events and activities |
Prior Year Restricted Funds 2023 £ 130,903 39,484 79,240 249,627 Current year Restricted Funds 2024 £ 21,270 21,270 |
Prior Year Total Funds 2023 £ 141,604 39,484 98,776 342,092 Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 78,101 116,924 78,101 116,924 |
|---|---|---|
24
Liverpool Six Community Association
Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015
25 Support costs for charitable activities
| Current year Current year Current Year Unrestricted Funds Restricted Funds 2024 2024 £ £ Employee costs not included in direct costs 18,983 42,088 653 - 104 - 399 - 824 1,020 Volunteer costs 13,742 3,100 Premises Expenses 5,742 - 11,905 17,150 4,356 - 3,803 - Administrative overheads 2,875 - 4,206 - 299 - 1,281 - 1,254 - 214 - Financial costs 11 - 5,816 - Support costs before reallocation 76,467 63,358 Less support costs reallocated to specific activities To charitable trading costs (56,831) (21,270) Total support costs - Current Year 19,636 42,088 The basis of allocation of costs between activities is described under accounting policies Rates and water charges Postage, stationery and printing Salaries - Administrative staff Payroll fees and charges Insurance Travel and subsistence - staff Light heat and power Premises repairs, renewals and maintenance Training and welfare - staff Employers' NI - Administrative staff Hire of equipment Telephone and internet Equipment expensed Software licences and subscriptions Volunteers' expenses Paypal charges Sundry expenses Depreciation & Amortisation in total for the period |
Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 61,071 45,549 653 - 104 - 399 399 1,844 8,626 16,842 3,330 5,742 2,621 29,055 6,574 4,356 3,891 3,803 6,296 2,875 3,973 4,206 4,662 299 20,110 1,281 - 1,254 4,918 214 159 11 - 5,816 5,816 139,825 116,924 (78,101) (116,924) 61,724 - |
|---|---|
25
Liverpool Six Community Association
Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015
| 26 Other Expenditure - Governance costs Current Year Independent Examiner's fees Total Governance costs 27 Total Charitable expenditure Current Year Total direct spending B2a Total charitable trading costs B2b Total support costs B2d Total Governance costs B2e Total charitable expenditure B2 Prior Year Total direct spending B2a Total charitable trading costs B2b Total Governance costs B2e Total charitable expenditure B2 |
Current year Unrestricted Funds 2024 £ 2,820 2,820 Current year Unrestricted Funds 2024 £ 5,129 56,831 19,636 2,820 84,416 Prior Year Unrestricted Funds 2023 £ 92,465 116,924 2,820 212,209 |
Current year Restricted Funds 2024 £ - - Current year Restricted Funds 2024 £ 233,302 21,270 42,088 - 296,660 Prior Year Restricted Funds 2023 £ 249,627 - - 249,627 |
Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 2,820 2,820 2,820 2,820 Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 238,431 342,092 78,101 116,924 61,724 - 2,820 2,820 381,076 461,836 Prior Year Total Funds 2023 £ 342,092 116,924 2,820 461,836 |
|---|---|---|---|
26
Liverpool Six Community Association
Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015
28 Other trading expenditure unrelated to fundraising or charitable activities
| Non charity expenditure B3b 29 Total of other expenditure Current Year Non charity expenditure Total other expenditure B3 Ex Gratia payments |
Current year Unrestricted Funds 2024 £ 3,595 3,595 Current year Unrestricted Funds 2024 £ 3,595 3,595 |
Current year Restricted Funds 2024 £ - - Current year Restricted Funds 2024 £ - - |
Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 3,595 - 3,595 - Current year Prior Year Total Funds Total Funds 2024 2023 £ £ 3,595 - 3,595 - |
|---|---|---|---|
27