REGISTERED COMPANY NUMBER: 04566129 (Ellgland and Wale8) REGISTERED CHARITY NUMBER: 1111153 ut't f tlie Tr an CCW Limited ctwtered Accountanis 2951297 Church Str¢e¢ Blackpool laucashire FYI 3PJ
to Ji ie Finanei he Year En ed31M tat 2024 Report of the Trn#tteJ I to 5 Independent Examlner's Report Slitement of FlnaDclal Aedvhl BAlaD¢e Sheet 8 to 9 Notes to the Flnindal Stslements 10 to 14 Detalled Statement of Flnanctsl Acllvllles 15
reston Commu rt ftheTru for the Year Ended 31 Thc tNstees who are d150 director5 of the charity for the purposes of the Companies Act 2006, present their report with the rinancial sthtements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Cl)arities'. Staten)ent of Recommended Prnctice applicable to charilieg preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) {cffecliNr l Janu8ry 2019). OWECTIVES ALYD ACTIVITIES Objecdvos 2nd alms To dcvclop tlic capacily and skills of tlie members of Ihe economically and socially disadvantaged communities in ihe are& of the City of Preston tn 8uch M'ays that they are bettcr able to identify and help meet their rteed8 and to participate mo fully in society. Without Prejudice to the generality of the foTegoing in particular by: providing opportunitie8 for pe¢)ple to learn through expericnee thereby gaining ¢ollwetencies realizing existing skills and developing their potentiAI,. involving people in activities wliich enable ihem 10 collectively gain confidence in their own abilities including their ability to infiuence decisions ivhich affect them" - by encourdging 0p1¢ ts) become involved in their community And wider society in a fuller IVAY; - tlie promotion ofcommunity cohesion. Mission statement To cnroutas¢. influence. enable and support the local voluntsry and community sectors to become involved in decision Inaking processes and aclions that allccl their communilies and improve thcir qulllity of liFe. Pa8e I
reston Communl NettTr'ork ort rthe Trustees for the Year bnded 31 Mgreh 2024 OWECI'IVLS AIND AC'I'IVII'ILS Significanl activities Slgnificant activities The ovei'all aim ol- Ihe Coinpany is lo work with and support ihe VCFS and ensure it has a slTong voice willi decilon-1]iaklng bodieb. and Ilicitby lias an aclivc pan in Ihc planiiing and dcliveiy of services LO our local coniiiiiinily. 'I'his h&s beeii achieved 1¢ s follows: Mcnibcrship and infoniiaiion This year the netwnrk has continued io gn)M' and 111( % been aLtiiiely pr()iiioting meinbersliip lo VCFS Drganisalifin. in the City of Preston. T]ie organisalion continued lo niake crroris lo ensuiE a diverse aiid inclusive iiieiiibei-s1)ip. relleciing Ih¢ IoelK I commuiiity, partlLularly ivith Lf5PLcI to IlLM'ly forniLd Jnd grdssroots oigaiiisAtioi]s. Triom 88 niembeis &t tlie l?eginning of the reporting period, PCN liad expanded 10 141 Iiienibers by the end of tlie reportiiig period. Tliis year the iietwork hag been abl¢ to an7nge 4 face to face network meeliiigs for VCFS orgai)isations in Preslon. M'hicli have been ivell attended 'Ith very posilive feedback. The slrategy ol. regular theii)ed netivorking ei'enis will continue Lliroughout ilie 2023-24 financial y¢ar, ai a variety ofconimunilj venucs, Durin&F Iliis year Meinbcrb wcre scni inlorn)atioii Aboul community LVLnt8, aCtivitlLS, lundingT and opportunilies tor cngagcincni and ini'olvcincnl by e-mail, along with a weekly clccli'onic ncwslcllcr coni&ining updaics. This lias bccn vcry PL)pu141r, and mLmbeL7 havc u5¥d this to publicis¢ thLir own w'ork along with r¢cruimient, and advLrtising Lvcnls. Tlic PCN iycbsilc also cari'ic,s full cvcnl listings ivliicli arc updaied on a daily basis, a Lluiving job and volunlccr vacaiicics boai'd and aii'hivLd Lnpittts of all IVL'Lkly ]d 4U4irtLrly nLwslcttcrs. plus a full nindom'n of all mLmbLfb, thLir uctivitics and cunlact dclJils. Thc Nclwork'% PacLbook and Twiller accounls havc becii rL'dclivalcd aiid arc now TCgTularly updaicd 8nd In518grain and Linkcdln accounis liave also bccn scl up. liigliligjliling) Ilic ivork of Ilic iiicmbcrsliip. -rhc Tru.slLes havL inet six liincs duriiiby thc yLaf, Iiiid on Ivcdncsday. DLccinbcr 11, 2023. IhL IiLilivork hcld il.% Annual G¢nLI'al Mcciing al Prcslon Tom'll ILall iviih thc Ihcinc of w'orkin&) in pllrLttcr.sliip M'iih Prcslon c.ily Council and oihci a¥enLi¢s. Theiy wett pr¢senialiuns by Pre.8ton Ciry Council leud¥i' Matthew Broivn and dLpury Lhief ex¢uitiv¥ S#rah TlirL'ifall aiid LOCAL projccl ILad Greg7 Milleii, followed by iiLlwi)rkiiig opi)ortiiniliLb for PC.N iiici)IbL T%. Partn¢rshlp WTrrklng ICANN providcd I IR. financc aiid g¢Li¢ral athiiinists'aiion 5upporl IOL di¢ neiivork. PCN li lo¢aicd ii) Prcbloii Town Flall M'ithin the Community Engagement team MihiLh iq ivorkin8 ivell. PCN Twstees repre5eni PCY on the Ccnlral Lancs VCSE Lcadcrs Partncrsknip ivhosc iiiain fo¢us is currenily around hcalth and iYellbein¥ foi. L'ommunities, alon¥ w'iih LollabDrdti&'¥ ivorking iviih the ICB. PCN Dcvclopnicnt and Comniunicalioiis Oniccr Tony Daivbcr allends Preston l-lcalih £ind Wcllbcing Partncrship me¢tings, Preston Inclu8ion Ref¢iEnLe Group and l.anLa8hiir A$4oL'iation of C'VSS mLLtin¥s on behalf of th¢ giY)up and ilg Incinbcrs.. The 18trci' group adinittcd PCN a8 a8sociatc Incmbcrs al our 'quest and our member8hip allocation H-a% SULccssful following an interview aiid a volc of approval b}- ftill mcmbers. Sahajx In PrLtsEon, Cancer Help Preston Ltd and ICANN all helped the nehvork by providing iMeclinbr space. Page ,
un ort f the Trust es for the Year Ended 31 ,VAarch 2024 OI>JLCI'IVLS AND AC'I'IVII'ILS Public benefit Tlie imslees l)ave referred io Llie guidance conlained in Ilie Cliarily Comniission'5 gcnci?l Euidance on public benefit wl)en reviewing the charity's aims and objectives, and ii) planning fijture objectiiies. 'I'hL Review of Acrivilies on poge I shows Llie aelivilies IhaL have been iinderiaken lo further the charily's POseS lor Pliblic benefil Volunteers Tlie of PCN relies on volLinleers, Ivho represeni th¢ voluntary coinmLinily and faith Sector (VCFS) or their own coniinunilies al iiieetings. Tlicy or their organi/.alton oive tlieii. lime free to ensure ilie VCFS and Ilie local commLtniiy liave a strong voice ii) the loL'al dLcision-makiiig proces.s. 'IThL LxLcutivL ai)d E,'inanLC Committee M-hicli sets the strategic direction lliid policies nf the Coinpany is made up of TNslees ivlio are Jlso volunteers and representatii'es of their organisalions. Tiic Conipany Ilas a strong ¢LI)0$ ofa¢live Ineii)ber involveinenl and pronioiin¥ cqualiiies and inclusivily. FINAN'CIAL REVIEW FiDancial position 'I'lie finances are reviewed on a rcgLilaT basis. al all ft)Jst¢e meelings and the a¢¢oiints are indepen¢Jently exiimii)ed at the end of the financial year. The Trustees constsntly Lonsider fundraising und tiie susthinabiliiy ofthe organi7.ation. Prln¢ipal fundlng sources The principal fundingv Sources for the charity are by way ofgranis. Reserves pollcy The uim ofilie Re%erve.% PoliLV reindin¥ lo ensure ihe urgiJni/alioi) tsustJinJble. Cjoing concern Aller inaking apprnpriate enquiries. the Iru¥lee.% have # reasonable expeLlalioii thal ihe charity has aijequale resources io conlinue in operational cxislcncc lor Ilic forcsccablc lulurc. For tliis rcason ilicy conLinue io adopi ilie 8oin8 concern basis in prepartiig the fin42llLial stAtcmcnts. FUTURE PLAN'S Preston Community Netsvork will mAintAin And build 01) itq current membership aiid coiitinLlC SUPPOrting the volunt&lry, Loirnnunily Hnd flliUI SLLlor in PrLslon. .8TRUCTURE. GOVERNANCE AY4D MANAC,EMENT Governing document Tlie cliarit). is conlrolled by ils goveLning docunienl, a deed OL Irusl. and con*tilutes a liiniled conipany. lii)iil¢d by guarnntee. a$ defiiied by the ConipRnie8 Act 21)06. Preston C.oinmunily Netivork ivas incorporated on 17 Ociober 2002 and irgislered iviih tbc Lliarity Lommi55ion (cliarily niimber I 111153) on 2 September 2005. Recruliment and 4ppoinlmcnt ol. new tru5lces The dircctors uf thc CQTnPiiny are Also chil rity trustecs for the purpose4 of chmrity Lind arc known us thc fxeciitivc and FiiiancL CominillcL.. 'fhLy ar¥ iioinin8tcd by InLinbLr OTgiiiiiizatioiis and clLcied by iiicinber orBai)izations L.ligiblc lo volc al th¢ AGM.
mu etw ort of the Ti'u6tLes for the Year Ended 31 March 2024 STRUCTURE, GOVERIIANCE AIYD MAiYAGEMENT Organiz%tion41 structure Undcr ihc requirements of the Articles of Association the Tntees/F.xeCUlLve CoMilItee niust hold al leasi four meetings dch year. The Executive Committee are responsible for the 5tralcgic direction and policies of the charity. Tlic company's Execuiive and Finance Commiltee arc responsible for all aspecis of the coinpany's a¢iivilies in accordance with the fvlemorandum ad Anicles of As50CiAtion. 'Ihe .1 rustees consist of at leasi 3 and not more than 15 individuals. The names of directorsXecUtsVe and Finance Coininittee members acting during the year and changes to the dale of this report are sliown on page l. Induetion And trAlnlng of new tru5tev5 Most of ihe Executive and Finance Committeeldirectors are familiar witli Ilie work of the ¢ompany as Ihey are drawn froi member groups. Mcmbcrs of the Execulive and Finance Committee can request atlend relevant training cowses and Session& and have their expenses covered ivhen doing 80 with the agrcement ofthe rest of the Committee. Risk management Thc trustces have a dury to idcntify and revicv4' the risks to which the charity is exw5ed and to eiisurc appropriate controls arc in placc to provide reasonable assurance against Iroud and error, It is rccognised thai the organization nceds to increase and diversify its funding base for tUre sustainability IiEFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04566129 (England and Wa1¢51 Registered Chirlty number 1111153 Reglstered offlte Clo ICANN Howick Hoube HoTh'ick Park Avenu¢ Hov*"ick PrL'Ston L4ncashir¢ PRI ULS Trustee5 Mrs Z Couplartd Mrs J A Culliiigford Mrs J M Pcarson (resigned 13.12.23) M5 J Smallcy Companv Seeretary Pa8e 4
RtPULoLb&."I ru¥.Ip.ei REFERENCE AND ADMTNISTRATIVE DETAILS IndtPEndené EyimTner CCW Limitcd chllfted Accountsnts 295r297 Church Street Blackpool LoaShi[¢ FYI 3PJ B*Thk¢rA The copelIVe Blk PO Box 250 D¢lf Housc Southway Skelmersdale WN8 6WT Approved by ordcr of lh¢ board of irU81e on ...............,..,....,..,,,...,,,,,........ and sl8ned on its b¢liglf by., /. Coiipliiiid- Thstec Pu¥e 5
endent E -aminer's Re
Pre
tonc
n)muHi
ort to the
tees
Independent examiner's report to the trustees of Preston Communlty f4etsvork ('the Companv,)
I retx)rt to the charityr mistee5 on iny examinalion of the accounts of ihe Company for the year ended 31 March 2024.
Responsibilities and basis Of report
As the charity's tNstees ol. Ihe Company (and &150 Its direLiors for Ihe purposes of coinpany lawl you are responsible lor
Ilic prcparaiion of Ihc accounL5 in a¢cordanc¢ willi the r¢quirenients ofdie Conipanics Acl ?006 ('Ilic 2U06 Acl,).
H
Comm ni Statement of Flnanclal Acllvltles ear knded 3 202 31.3.24 Total funds 31.3.23 Totsl funds Unrestricted Restrithd fund funds Notes INCOME AND ENDOWMENTS FROM Charitable actlvltles Chariibalc Aclivites 48.790 48.790 44,443 EXPENDITURE ON Charltable activltles Charitbale Acliviles 47,626 48,058 -35,285 NET llycoMEI(EXPENDITURE) (432) 732 9,158 RECONCILIATIOIY OF FUM)S Total funds brought forward 15,839 19,250 35.089 25,931 TOTAL FUNDS CARRtED FORWARD 15.407 20,414 35.821 35.089 The notes forn] part of these fmancial statements Page 7
Presto Communl NetTh'ork 31.3.24 Tot nd5 31.3.23 Unrestricted Restticted fund funds funds Notes CUIiRENT ASSETS Debtors C&sh ai bank 292 20,170 292 36,009 705 35,391 15,839 15.839 20,462 36..101 36.096 CREDITORS nounts falling due within one year (432) (48) (480> (1.007) IYET CURRENT ASSETS 15,407 20,4I4 35,821 35,089 TOTAL ASSETS LESS CURRENT LIABILITtES 15,407 20,414 35.821 35,089 NET ASSETS 15.407 20.414 35.821 35.089 FUNDS Unrestricted fund5 Restricted fvnds 15.407 20,414 15,839 19.250 TOTAL FUNDS 35,821 35,089 The chariiable company 18 entitled to exemption from audAt under Section 477 oc the Companics Act 2006 for the ye ended 31 March 2024. Tlic members bave nol required the coinpany to obiain an audit of ils fllwicial statements for the y¢ar ended 31 March 2024 in accordftnce 'ith Section 476 of the Companies Act 2006. Tbe trusLees acknowled8¢ their responsibililies for (a) ensuring thftt the charitable company keeps ftccounting re¢ords that comply with Sections 386 and 387 of the Coinpanies Act 2006 and pr¢paring fanCIal slatements which gtve a true and fair view ot the 8tal¢ ocaffairs of the charilable company as at the end of c.h finAn¢i&l year and of its SUTplus or deficit for each financial y¢ar in accordanc¥ with the requtremrnts of Sections 394 8nd 395 and which othenvisc comply ivith thc requireinenis ofihe Coinpanies Act 2006 relating to financial staleiiients. so tar as applicablc lo Ihe charitable company. (b) The notes forn] part of these fuwjcial statements Page 8 continued...
These flnancial Sl&qleiii¢nL% have bccn prepar¢d in accordonce with th¢ provisioiis dppli¢abl¢ io ¢hariiabl¢ conipaiiies subj¢cl lo the small coJ)panÉcs r¢RITTIC. The finanrilll 5fdtemen15 werc appruvcd by ihc Board 0fTniste and auihoriscd toi. i$¥iio on aTMI M'ere signcd on its bchulf by.. t411, L* Z Couplnnd- Tru%ieL J Il Cullin&iford. Twsl The nole5 fomi part of thc5e fiiiancial statements Pa8¢ 9
reston Co mulll Tr4eN'or N'otcs to thc Financiil Statements for the Ye4r Ended 31 iM&rch 2024 ACCObl%TtNG POLICIES Basis of prL'P2ring thL financial statemi'nts The financial staienienls of tl)e cliarilable company, Ivhich is a public benefil enlily undcr FRS 102, havc been prepared in accordance wilh the Cliarities SORP IF'RS 102) 'Accountiiig aiid Reporting by Charities.. Statcment of R¢coinJnended Practice applicable io charilies preparing IheiT accoiinis in accordance wilh ihe FinanLial Reponing Stsndard applicablc in Ihc UK and Rcpublic of Ircland (FRS 102) (ctrcclivc l January 2019)., Financial Reporting Stand¢ird 102 "I-he trinancial Reportiiig Siandard applicable in the UK and Repiiblic of I1alld, thc Cvmpdiiic5 Aul 2006. The financial slalemei)l* have been prepared under the hiblorical Lost coni'eniion. Ineome All incoine is recobmi.sed in Ihe Siatement of Financi81 Aclivilies once the charily ha4 entitleinenl to the funds. il i.s probable Ilial ihe incoine will be receiiied and lh¢ amouni can be n)easured reliably. Expendlture Liabililies aiE recognised as expendilure as soon as IheiE is a legal or conslnjclive obligation cornniitiing Ilie ch&rity to that expLmditurc, it is pi'obable that a transfer of economic beiiefil8 Th'ill b¢ required in settlement aiid the amount ofihe obligation can be measured reliably. Expenditure is acLounled for on an accTuals ba818 and has been classified under licadings ilial aggrc¥alc all cosl rclatcd lo ilic calegory. Wlicrc costs cannot be direcily atiribuLed to P¢lrtiLular headings Ihey lill¢ been dllocated 10 llctivitiet> on a 75]8 Lonsi8ient M'ith ihL' usc of r¢sourLes. Taxatlon 'I'hL charity is exempt from corporation lax on its ch&irilable activities. Fund accounting UnrustriLrcLI fund5 can bc USL(l in aLLordancc iviih thc Lh¢iritablL objLctiN'c% at thc di5crctiDn of thL IrustCLS. RcsLriclcd fiJnds can only bc uscd lor particular rcslrictcd putposes w'iihin Ili¢ objecis of ihe chariiy. Rcslriclions arisc whLn spccificd by the donor vr ll'hcn fvnd8 dfL' raisu'd for particular restricted purpi)scts. Furthcr cxplanalion ofilic nalurc and purposc ofcacli lund is included in die noles io ilie linancial slaleinenls. Pcnyl()n cfjyty #nd ()thcr post-rLtlrL'mL'nt bL4llL>fits Tlic chari(ablc con1pkY opcralcs a dcfincd conLribulion pcnsion sclieiiic. Conlribulions pa.able io Ilic chariiabl¢ comp4iny's p¢nsioii sch¢m¢' 1¢ l-c ch¢lrg¢(I ti) th¢ 8tdt¥ment c)f Finai)C1411 Actiiiitici in tlIL perioLI t() Ivhilli th¥y rcliilL. TRUSTEES, REMI biYERATIOLY AND BEIYEFITS ThLT¥' V+'crL' no IStLCs, rL'muiicrnlion or othLr bLmLfits for ilie yellr endLd 31 Marcli 20?4 iior for IhL yLaf Lndcd 31 March 2023. Trustees, expense5 Ther¢ w¢re no trust¢¢s' cxpi'ns¢s paid for th¥ year cndL'd 31 MarL'h 2024 1)or foi. the year endeLI 31 March 2023. Page 10 ontinued...
Prt0 Communi Nekn'or Notes to the Ffinancial StstemeAts- contlnued for the Year Knded 31 March 2024 STAFF COSTS The averdge monthly number of employees during the year was as follows.. 31.3.24 31.3.23 Trustees Employee5 No employees received emoluinents in excess of £60.000. COLMPARATIVES FOR THE STATEMEN'T OF FINANCIAL ACTIVITIES Unrestricted fijnd Restricted funds Tot41 funds INCOME AND ENDOWMENTS FROM Charltable actlvltiej Charitbale Activites 44,443 44,443 EXPEIYDITUR£ O CharitAble gcdvltles Chilbalc Acliviies 34.805 35285 IYET INCOMFJ(EXPENDITURE) (480) 9,638 9,158 RECOLYCILIATION OF FUNDS Total fimds brought fonvard 16,319 9,612 25.931 TOTAL FUNDS CARRIED FORWARD 15,839 19,250 35,089 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors PrepaTrentS 253 452 292 292 705 Page 11 continued...
esto Note8 to the Flnanclal Statements- contSnued for the Year Ended 31 March 202 CREDITORS: AMOUNTS FALLTNG DUE wrrHTN ONE YEAR 31.3.24 31.3.23 Trade creditors Awrued expense5 48 432 227 780 480 1.007 MOVEMENT IN FUNDS Net movement in fijnds At 31.3.24 At 1.4.23 Unrestrfeted funds General nd 15,839 (432) 15.407 Restrlcted l)Jnd8 Bi8 Lottery 19250 ,164 20,414 TOTAL FUNDS 35,089 732 35,821 Ncl movement in funds, included in the above are &8 follows.. Incoming rcsouires RourceS expended Moveinent in funds Unreslrlcted funds General fuod (432) (432) Reotrlcted funds Big Lot*ry 48.79YI (47.626) l.l64 TOTAL FUNDS 48.71)U (48.058) 732 Page l? continued...
resto Co mu Netsv t the Finane121 tem eYearE ded3 nts- eontlnued h 2024 MOVEMENT IIN FUNDS - contbnued CompAr4tivo8 for movement in funds Nei movemcnt in fimds At 31.3.23 At 1.4.22 Unr¢strkted funds General fund 16,319 (480) 15.839 Restrlcted fullds Big Lottery 9,612 9.638 19.250 TOTAL FUNDS 25,931 9.158 35.089 Comparative net movemenl in fund5, included in tl)e above are 48 follows: Incoming rc50urceg Resources expended Movement in fithds UnreBtricted funds General fund (480) (480) Restricted funds Big Lottery 44,443 (34.805) 9.638 TOTAL FUIYDS 44,443 (35.285) 9.158 A cuent year 12 montsis and prior year12 molltlis combiti¢d posilion is as follows.. Nct movenient tn funds Al 31.3.24 At1.4,22 Unwtrlcted funds G¢nernl 16.319 (912) 15,407 Reslricied funds Big Lottery 9,612 10,802 20,414 TOTAL FUNDS 25,931 9,890 35,821 Page 11 continued...
Netw'or Note8 to the Firtancial Statements - continued for the Year Ended 31 Mareh 2024 MOVEi¥fENT IN FUNDS - continued A cutrent yvar 12 month5 and prior year 12 months combined net mov¢ment in fiinds, included in the above are 8s follo'S.. Incoming Resources expendcd Movement in funds Unregtrlcted funds Genernl fijnd (912) (912) Restrkted fvnds Bi8 LOtry 93.233 {82.431) 10,802 TOTAL FUNDS 93.233 (83.343) 9.890 RELATED PARTY DISCLOSURES There were no related party transactions for ihe year ended 31 March 2024. MEMBERS, LIABILITY The liability of the members 15 limiie(L Evcry menibcr ofthe company undertakes to contribuie lo the as8els of the company if it is ivound up Ththilst a member or ivithin one ycar after ceasing to be a member, such amounts as MAY be requircd not cxcccding onc pound. Page 14
Detailed fo emcnt of fiinancial At ded 31.3.24 31.3.23 INCOME AND ElIOWmETs Charltable aetivitles Grants 48,790 44,443 Total intomiog resourees 48,790 44.443 EXPEIYDITURE Charltable aetlvltl Wages Pensions Insurance Telephone Postage and stationery Advertising Sundrie5 Rent Training Professional Fces Admin & ireasury supwrt Compuier and sottware expenseg 38,362 668 780 72 219 IJ03 167 314 196 2,744 2,600 21 20,602 96 476 226 30 124 178 5,360 366 4.389 2,600 196 47,446 Support eosts Governance Costs AountancY fees 012 642 ToÈal resource5 expended 48,0511 35.285 Net Income 732 9,158 This page does not forni part of the 5tattttory fllianciai statetnents Page 15