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← North Birkenhead Development Trust Limited

2024-03-31-accounts

Company Registration Number - 05318727

The Charity Registration Number is :- 1113406

North Birkenhead Development Trust Limited

Report and Accounts

31 March 2024

North Birkenhead Development Trust Limited

Report and accounts for the year ended 31 March 2024

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 7
Independent Examiner's Report 9
Funds Statements:-
Statement of Financial Activities 11
Statement of Financial Activities - Prior Year statement 12
Statement of total recognised gains and losses 13
Movements in funds 13
Revenue Funds 14
Income and Expenditure account 15
Summary of funds 15
Balance sheet 16
Notes to the accounts 18

North Birkenhead Development Trust Limited

Company Registration Number - 05318727

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:- North Birkenhead Development Trust Limited.

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 1113406.

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. The governing document is dated 21 December 2004

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.

1

North Birkenhead Development Trust Limited

Company Registration Number - 05318727

Trustees' Annual Report for the year ended 31 March 2024

The principal operating address, telephone number, email and web addresses of the

St. James Centre 344 Laird Street, Birkenhead Merseyside, CH41 7AL Telephone Email Address Web address

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:-

Rev. Keith Paul Addenbrooke Kimberley Griffiths (appointed 25th April 2024) Doreen Forrester Janet Mcdonald (appointed 25th April 2024) Leah Kirkbride Aline Macready Paula Morris Martin Purssell

The following persons served as Trustees during the year ended 31 March 2024 :-

The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:-.

Name Appointed Resigned/Retired Karen Gaynor Beazley 18th June 2024 Brian Martin Kenny 25th April 2024 David Ross Maguire 14th September 2023

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North Birkenhead Development Trust Limited

Company Registration Number - 05318727

Trustees' Annual Report for the year ended 31 March 2024

Objects and activities of the charity

North Birkenhead Development Trust are a charity based in Bidston and St James Ward, Birkenhead, where we seek to improve the quality of life and opportunities for all living in our community. As a charity, we manage and deliver from the St James Centre, a multi purpose community centre, with a community café, fresh fruit and veg Marketplace, Library, day nursery, foodbank, full weekly ‘whats on’, near by community garden, and more.

North Birkenhead Development Trust and the St James Centre are also landlord and home to partner organisations; WIRED, NCompass, Unity Supported Housing, Cradle to Career, Crossing Point, Wirral Foodbank, Miriam Place Day Nursery, and more. Over the course of a year, the Trust has 40 000 visitors to the centre, and works closely with 5550 individuals.

North Birkenhead Development Trust continues to actively seek funding to alleviate the causes of poverty in its locality, whilst offering an open access community centre, with activities and support for all in the community.

The Trust faced difficult financial times post covid. This year we focused on funding and delivering our core services, keeping our doors open, working with partners to fill gaps in our offer and forward planning for the future to ensure a better financial position for the trust.

Community Program

We recognised a need for local, accessible, regular welfare advice and support. With help from partners such as Citizens Advice Wirral, Ask Us, Wirral Involve NW, and more, we created a local welfare offer – focusing on embedding a debt advice, financial support, welfare advice, support with the benefits system, and housing.

We also strived to grow and develop our relationships with the Multi-disciplinary team as part of Cradle to Career, based in the Centre, recognising the over lap between our work with the same families. This allowed us to support families facing hardship in a more holistic manner.

We delivered the Holiday Activity Fund, during Summer 23, Christ 24 and Easter 24., supporting over 250 children and families to access activities and food during the school holidays. As part of Summer 2024 activities, we took a small number on families on a St James Summer Holiday, a two-night trip to North Wales.

We introduced a new Digital Essentials corner, through funding from Access Foundation. The digital essentials corner in the café provides open access to secured laptops, a printer, free wifi and drop in support to help people navigate online life. We were also able to upgrade the wifi offer in the Centre to cover the entire building with a free, public wifi.

Through out the year volunteers and staff ran a number of charity bake sales for other charities and worth while causes, including Macmillan, Community garden, local people facing hardship such as funeral costs for loved ones, a new coffee machine for the café, Earthquake relief, Oxfam and more.

We have spent time listening to our community this year, to understand what life looks like now. Next year we look forward to using these conversations from our community to create some new activities and opportunities as our finances return to a more stable position.

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North Birkenhead Development Trust Limited

Company Registration Number - 05318727

Trustees' Annual Report for the year ended 31 March 2024

Volunteering

Our team worked hard to develop our volunteering offer, to ensure it is useful and accessible to both the trust and the community. We committed to an ad-hoc volunteering approach following feedback from the community on how hard it is to volunteer if you cant commit to set shift patterns, often due to family commitments or mental and physical health challenges. This new approach saw our volunteer team double, to new café volunteers, reception volunteers and more. We will continue this into the new year, offering new training and development opportunities for volunteers too.

Library

In March 2023 the decision on the budget options for Wirral Council was made. This saw St James Library become a Community Partner Library – meaning the council staff team where no longer working from there, and the Trust took over the daily management of the library, with the Council Library service providing infrastructure through books, wifi and a new machine to allow people to take books out independently.

The Trust took this opportunity to renew the library offer, with aim to make it a relaxed, family and child friendly community space. We created a dedicated children’s library and play space, added sofas and play equipment, reduced the amount of the books to be less over whelming and began to run activities from the space. We also double the opening hours, ensuring the library was open Monday – Friday 10am – 4pm. This saw the footfall increase by 70% in the first six months. We look forward to adding more activities into this space next year.

Lifelong learning

In 23/24 we delivered the Multiply project with funding from Wirral Lifelong Learning service. This created new adult education opportunities around numeracy, but using baking and cooking as the vehicle. Courses such as Weigh 2 Bake, Nutrition and Deal or No Deal were delivered by Debbie McColm. Debbie also delivered Food Hygiene and Allergy Awareness qualifcations.

Family Hub

In December 23, we were officially named a ‘Family Hub’ and launched! This project brings together services from different sectors to support families and carers access holistic support. This year saw our team and volunteers access lots of new training opportunities from mental health first aid, to oral care, positive parenting and more. We look forward to continue to work across sectors to provide opportunities for our community.

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North Birkenhead Development Trust Limited

Company Registration Number - 05318727

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.

As set out in the Articles of Association, the board of Directors/Trustees are the nominees of the members of the Charity/Company. The Trustees have the power to co-opt other trustes and have co-opted the main trustees. The Chair of Trustees is elected from amongst the trustees. Under the requirements of the Memorandum and Articles of Association the trustees are elected to serve on the board for a period of 3 years. The trustees nominated by the Members of the company are subject to the appointment processes reviewed by the Board periodically.

Bankers HSBC, Milton pavement, Birkenhead, Wirral Accountants APH Accountants Ltd, 259 Wallasey Villag, Wallasey, CH45 3LR

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
Net income
Unrestricted Revenue Funds available for the
general purposes of the charity		 2024
£
(21,541)
110,224
19,747
129,971		 2023
£
(37,150)
106,374
45,138
151,512

Financial review of the position at the reporting date, 31 March 2024 .

North Birkenhead Development Trust manages it finances in a prudent manner and with due dilligence. Careful management of expenditure, successful charitable trust and grant applications and the achievement of a satisfactorily maintained level of letting and room hire have ensured costs are met. The deficit of £21,541 in the year is reflective of the use of some reserves in order to make improvements to the services offered.

5

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North Birkenhead Development Trust Limited

Company Registration Number - 05318727

Trustees' Annual Report for the year ended 31 March 2024

Policies on reserves.

In line with the guidance provided by the Charity Commission, the trustees aim to maintain free reserves at approximately 6 months operating costs. This amounts to £126,522. At the year end unrestricted reserves where £110,224. The trustees recognise this is below the aim and hope to improve this.

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

Paul White

Member of Chartered Institute of Management Accountants

259 Wallasey Village

Wallasey Merseyside CH45 3LR

6

North Birkenhead Development Trust Limited

Company Registration Number - 05318727

Trustees' Annual Report for the year ended 31 March 2024

Statement of the Directors 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) 2015, (as amended by the Bulletin issued in October 2018 and 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 :-

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.

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North Birkenhead Development Trust Limited

Company Registration Number - 05318727

Trustees' Annual Report for the year ended 31 March 2024

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 11 to 34. The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and 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 13 December 2024.

Martin Purssell (Dec 13, 2024 13:45 GMT)

Martin Purssell Director and Trustee

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North Birkenhead Development Trust Limited

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 11 to 34 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) 2015, (as amended by the Bulletin issued in October 2018 and 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 18.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 7, 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 Chartered Institute of Management Accountants, 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

9

North Birkenhead Development Trust Limited

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.

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 Chartered Institute of Management Accountants;

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) 2015, (as amended by the Bulletin issued in October 2018 and 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:-

Paul White - Independent Examiner

Chartered Institute of Management Accountants

259 Wallasey Village Wallasey Merseyside CH45 3LR

This report was signed on 13 December 2024

10

North Birkenhead Development Trust Limited - 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)

Current year
Unrestricted
Funds
2024
£
Income & Endowments from:
Donations & Legacies
A1
5,184
Charitable activities
A2
27,972
Investments
A4
118,114
Total income
A
151,270
Expenditure on:
Charitable activities
B2
147,420
Total expenditure
B
147,420
Net income for the year
3,850
Net income after transfers
A-B-C
3,850
3,850
Reconciliation of funds:-
E
Total funds brought forward
106,374
Total funds carried forward
110,224
Net movement in funds
SORP
Ref		 Current year
Restricted
Funds
2024
£
-
198,779
-
198,779
224,170
224,170
(25,391)
(25,391)
(25,391)
45,138
19,747		 Current year
Total Funds
2024
£
5,184
226,751
118,114
350,049
371,590
371,590
(21,541)
(21,541)
(21,541)
151,512
129,971		 Prior Year
Total Funds
2023
£
10,585
241,041
114,737
366,363
403,513
403,513
(37,150)
(37,150)
(37,150)
188,663
151,513

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 18 to 34 form an integral part of these accounts.

11

North Birkenhead Development Trust Limited - Statement of Financial Activities for the year ended 31 March 2024

North Birkenhead Development Trust Limited - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Other
B3
Tax on surplus on ordinary activiti
B3
Other taxation
B3
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
SORP
Ref
Net gains on investments
Net movement in funds		 Prior Year
Unrestricted
Funds
2023
£
10,585
193,569
-
114,737
-
318,891
-
402,649
-
-
-
402,649
-
(83,758)
-
(83,758)
(83,758)
136,203
52,445

 Prior Year
Restricted
Funds
2023
£
-
47,472
-
-
-
-
47,472
-
864
-
-
-
-
864
-
46,608
-
46,608
46,608
52,460
99,068		 Prior Year
Total Funds
2023
£
10,585
241,041
-
114,737
-
366,363
-
403,513
-
-
-
403,513
-
(37,150)
-
(37,150)
(37,150)
188,663
151,513

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 18 to 34 form an integral part of these accounts.

12

North Birkenhead Development Trust Limited - Statement of Financial Activities for the year ended 31 March 2024

North Birkenhead Development Trust Limited - Resources applied in the year ended 31 March 2024 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Net resources available to fund charitable activities		 2024
£
(21,541)
(21,541)		 2023
£
(37,150)
(37,150)

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 18 to 34 form an integral part of these accounts.

13

North Birkenhead Development Trust Limited - 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

Unrestricted
Funds
2024
£
Accumulated funds brought forward
106,374
3,850
110,224
Closing revenue funds
110,224
Summary of funds
Unrestricted
and
Designated funds
2024
£
Revenue accumulated funds
110,224
Recognised gains and losses before
transfers		 Restricted
Funds
2024
£
45,138
(25,391)
19,747
19,747
Restricted
Funds
2024
£
19,747		 Total
Funds
2024
£
151,512
(21,541)
129,971
129,971
Total
Funds
2024
£
129,971		 Last year
Total Funds
2023
£
188,663
(37,150)
151,513
151,513
Last Year
Total Funds
2023
£
151,513

The notes attached on pages 18 to 34 form an integral part of these accounts.

14

North Birkenhead Development Trust Limited - Statement of Financial Activities for the year ended 31 March 2024

North Birkenhead Development Trust Limited Income and Expenditure Account for the year ended 31 March 2024 as required by the Companies Act 2006

Income
Income from operations
Income from investments, other than interest receivable
Interest receivable
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
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
All activities derive from continuing operations
Net income after tax in the financial year
Net income before tax in the financial year
Investment income		 2024
£
231,936
116,264
1,850
350,050
350,050
368,745
2,846
-
371,591
(21,541)
-
(21,541)
(21,541)		 2023
£
251,626
114,211
526
366,363
366,363
400,667
2,846
-
403,513
(37,150)
-
(37,150)
(37,150)

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 18 to 34 form an integral part of these accounts.

15

North Birkenhead Development Trust Limited - Balance Sheet as at 31 March 2024

Note
SORP
Ref
Fixed assets
A
Tangible assets
10
A2
Current assets
B
Stocks
B1
Debtors
13
B2
Cash at bank and in hand
B4
Total current assets
Creditors: amounts falling due within
one year
14
C1
Net current assets
The total net assets of the charity
Restricted funds
Restricted Revenue Funds
20
D2
Unrestricted Funds
Unrestricted Revenue Funds
20
D3
Designated Funds
Total charity funds
The total net assets of the charity are funded by the
2024
2023
£
£
7,963
10,809
788
788
18,250
10,625
183,911
141,175
202,949
152,588
(80,941)
(11,886)
122,008
140,702
129,971
151,511
19,747
45,138
19,747
45,137
110,224
106,374
110,224
106,374
129,971
151,511
funds of the charity, as follows:-

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 10.

16

North Birkenhead Development Trust Limited - Balance Sheet as at 31 March 2024

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.

Martin Purssell (Dec 13, 2024 13:45 GMT)

Martin Purssell

Trustee Approved by the board of trustees on 13 December 2024

The notes attached on pages 18 to 34 form an integral part of these accounts.

17

North Birkenhead Development Trust Limited

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) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , 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) 2015, (as amended by the Bulletin issued in October 2018 and 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

At the time of preparing the financial startements the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Risks and future assumptions

The charity is a public benefit entity.

The major risks to which the Charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to manage those risks.

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.

18

North Birkenhead Development Trust Limited

Notes to the Accounts for the year ended 31 March 2024

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.

Dividends are accrued when the shareholder’s right to receive payment is established.

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.

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.

Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.

Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.

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.

19

North Birkenhead Development Trust Limited

Notes to the Accounts for the year ended 31 March 2024

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.

Plant and machinery

15 & 33

% reducing balance

A regular annual review of the likelihood of asset impairment is undertaken.

Stocks and work in progress

Stock is valued at the lower of cost and net realisable value.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Creditors are measured at their payable amounts at the balance sheet date

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.

Pensions - defined contribution schemes

The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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.

20

North Birkenhead Development Trust Limited

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 financial instruments to the Charity's position or performance.

5 Net surplus before tax in the financial year

Net surplus before tax in the financial year
2024 2023
£ £
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets 2,846 2,846
Pension costs 9,757 8,158

21

North Birkenhead Development Trust Limited

Notes to the Accounts for the year ended 31 March 2024

6 Staff costs and emoluments

Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's operating costs of defined
contribution pension schemes
Total salaries, wages and related costs
The average number of full time staff employed in the year was		 2024
£
140,519
9,757
150,276
7		 2023
£
144,463
8,158
152,621
9

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.

7 Defined contribution pension schemes

The charity operates a defined contribution pension scheme, the costs of which are shown above.

Any liabilites and assets associated with the scheme are shown under debtors and creditors.

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.

22

North Birkenhead Development Trust Limited

Notes to the Accounts for the year ended 31 March 2024 9 Deferred income - Restricted funds

Current Year
Awards for All Community Fund
John Moores Foundation
Garfield Weston
Seed Fund
Access Foundation
Total
These deferrals are included in creditors		 Opening
Deferrals
£
-
-
-
-
-
-		 Released
from prior
years
£
-
-
-
-
-
-		 Received
less released
in year
£
18,920
9,500
20,000
5,514
17,599
71,533
2024
£
71,533
2023
£		 Deferred
at year end
£
18,920
9,500
20,000
5,514
17,599
71,533
2023
£
-
2022
£

The deferrals included in creditors relate to funding specified by the funders as relating to specific periods and represent those parts of restricted funds which relate to periods subsequent to the accounting year end and are treated as grants in advance, or, alternatively ,where there are conditions which must be fulfilled prior to entitlement or use of the restricted funds by the charity .

10 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		 Land and
Buildings
£
-
-
-
-
-
-
-		 Plant &
Machinery
£
91,481
91,481
80,672
2,846
83,518
7,963
10,809		 Motor
Vehicles
£
-
-
-
-
-
-
-		 Total
£
91,481
91,481
80,672
2,846
83,518
7,963
10,809

23

North Birkenhead Development Trust Limited

Notes to the Accounts for the year ended 31 March 2024

24

North Birkenhead Development Trust Limited

Notes to the Accounts for the year ended 31 March 2024 11 Investment pooling schemes and arrangements

There are no such schemes in the charity

12 Stocks & Work in Progress
Stocks before write downs
Analysis of the carrying value of stocks and work in progress by activities
2024
2023
£
£
Activity
Primary purpose and ancillary trading1
-
-
-
-
13 Debtors
Trade debtors
Prepayments and accrued income
14 Creditors: amounts falling due within one year
Trade creditors
Accruals
Deferred Income - Restricted funds
Other creditors
Work in Progress		 2024
2023
£
£
788
788
788
788
2024
2023
£
£
788
788
788
788
2024
2023
£
£
8,552
1,889
9,698
8,736
18,250
10,625
2024
2023
£
£
2,218
4,514
5,702
6,727
71,533
-
1,489
645
80,942
11,886
Stocks

15 Loans to trustees included in debtors

There are no loans to Trustees included in debtors

16 Guarantees made by the charity on behalf of trustees

There are no guarentees made by the charity on behalf of trustees

25

North Birkenhead Development Trust Limited

Notes to the Accounts for the year ended 31 March 2024

17 Income and Expenditure account summary

Income and Expenditure account summary
At 1 April 2023
Surplus after tax for the year
At 31 March 2024		 2024
£
151,513
(21,541)
129,972		 2023
£
188,663
(37,150)
151,513

18 No related party transactions

There were no transactions with related parties in the year.

19 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
£
7,963
183,202
(80,941)
110,224
Unrestricted
funds
£
10,809
107,450
(11,886)
106,373		 Designated
funds
£
-
-
-
Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
19,747
-
19,747
Restricted
funds
£
-
45,138
-
45,138		 Total
Funds
£
7,963
202,949
(80,941)
129,971
Total
Funds
£
10,809
152,588
(11,886)
151,511

26

North Birkenhead Development Trust Limited

Notes to the Accounts for the year ended 31 March 2024

20 Change in total funds over the year as shown in Note 19 , analysed by individual funds

Funds brought
forward from
2023
Movement in
funds in 2024
See Note 21
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
106,374
3,850
Total unrestricted and designated funds
106,374
3,850
Restricted funds:-
CVF Grant Renewal Fund
42,114
(42,114)
Seed Fund
19
1,349
Household Support
3,005
15,374
Total restricted funds
45,138
(25,391)
Total charity funds
151,512
(21,541)
21 Analysis of movements in funds over the year as shown in Note 20
Income
Expenditure
2024
2024
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
151,270
(147,420)
Restricted funds:-
Community Fund
1,000
(1,000)
John Moores Foundation
2,000
(2,000)
Garfield Weston
10,000
(10,000)
BRIS
60,007
(60,007)
The Steve Morgan Foundation
24,079
(24,079)
CVF Grant Renewal Fund
-
(42,114)
Holiday Activity Fund
47,452
(47,452)
Seed Fund
5,917
(4,568)
Household Support
34,125
(18,751)
Sundry other funds
14,199
(14,199)		 See Note 0
£
-
-
-
-
-
-
-
Other
Gains &
Losses
2024
£
-
-
-
-
-
-
-
-
-
-
-
Transfers
between
funds in 2024		 Funds carried
forward to
2025
£
110,224
110,224
-
1,368
18,379
19,747
129,971
Movement
in funds
2024
£
3,850
-
-
-
-
-
(42,114)
-
1,349
15,374
-

27

North Birkenhead Development Trust Limited

Notes to the Accounts for the year ended 31 March 2024

350,049 (371,590) (21,541)

28

North Birkenhead Development Trust Limited

Notes to the Accounts for the year ended 31 March 2024

22 The purposes for which the funds

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:-

Restricted funds

Restricted funds are held and expended on the costs specified in the particular grant docuementation for the funder, and in the timeframe specified.

23 Ultimate controlling party

The charity is under the control of its legal members.

29

North Birkenhead Development Trust Limited

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.

24 Donations, Grants and Legacies

Current year
Unrestricted
Funds
2024
£
Donations and gifts from individuals
3,384
1,800
5,184
Total Donations, Grants and Legacies
Total Donations, Grants and
Legacies
A1
5,184
25 Income from charitable activities - Trading Activities
Current year
Current year
Unrestricted
Funds
2024
£
Primary purpose and ancillary trading
19,456
19,456
Current year
Unrestricted
Funds
2024
£
-
-
Total donations and gifts from
individuals
Other donations
Total performance related grants from
public bodies
Performance related grants from public
bodies to fund charitable activities
Small donations individually less than £1000
Wirral Council
Total Primary purpose and ancillary
trading
Sale of goods and services in accordance
with the charity's objects		 Current year
Unrestricted
Funds
2024
£
3,384
1,800
5,184		 Current year
Restricted
Funds
2024
£
-
-
-		 Current year
Total Funds
2024
£
3,384
1,800
5,184		 Prior Year
Total Funds
2023
£
4,119
6,466
10,585
10,585
Prior Year
Total funds
2023
£
27,427
27,427
Prior Year
Total Funds
2023
£
68,000
68,000
-
Current year
Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
2024
£
-
-		 5,184
Current year
Total Funds
2024
£
19,456
19,456
Current year
Total Funds
2024
£
-
-

30

North Birkenhead Development Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

Seed Fund
BRIS
Holiday Activity Fund
The Steve Morgan Foundation
Awards for All Marketplace
Performance related grants from non
public bodies to fund charitable
activities
Lifelong learning (Multiply)
Community Fund
Household Support
CVF Grant Renewal Fund
Local Community Organisers
Total performance related grants from
non public bodies
Access Foundation
Garfield Weston
Sundry other funds		 Current year
Unrestricted
Funds
2024
£
-
-
-
-
406
-
-
-
-
-
8,110
-
-
8,516		 Current year
Restricted
Funds
2024
£
47,452
5,917
34,125
-
-
60,007
2,200
-
1,000
10,200
3,799
24,079
10,000
198,779		 Current year
Total Funds
2024
£
47,452
5,917
34,125
-
406
60,007
2,200
-
1,000
10,200
11,908
24,079
10,000
207,294		 Prior Year
Total Funds
2023
£
56,091
6,429
23,009
42,115
5,859
-
-
930
-
-
11,181
-
-
145,614

All the income in the prior year was unrestricted.

Performance related grants from non public bodies to fund charitable activities - Prior Year analysis

Prior Year Prior Year
Unrestricted
Funds
2023
£
98,142		 Prior Year
Restricted
Funds
2023
£
47,472		 Prior Year
Total Funds
2023
£
145,614

31

North Birkenhead Development Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

Total Charitable income from funders:-
Prior year
Prior Year - Income from funders
26
Current year
Total income from charitable trading
Income from funders
Total from charitable activities
A2
Income from charitable activities - Prior Year analysis
Prior year
Total income from charitable trading
Income from funders
Total Income from charitable activities
Current year - income from funders		 Unrestricted
Funds
2024
£
8,516
Prior Year
Unrestricted
Funds
2023
£
166,142
Current year
Unrestricted
Funds
2024
£
19,456
8,516
27,972
Prior Year
Unrestricted
Funds
2023
£
27,427
166,142
193,569		 Restricted
Funds
2024
£
198,779
Prior Year
Restricted
Funds
2023
£
47,472
Current year
Restricted
Funds
2024
£
-
198,779
198,779
Prior Year
Restricted
Funds
2023
£
-
47,472
47,472		 Total Funds
2024
£
207,294
Prior Year
Total Funds
2023
£
213,614
Current year
Total Funds
2024
£
19,456
207,294
226,750
Prior Year
Total Funds
2023
£
27,427
213,614
241,041		 Prior Year
Total Funds
2023
£
213,614
Prior Year
Total Funds
2023
£
27,427
213,614
241,041

32

North Birkenhead Development Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

27 Investment income

Property Rental Income
Bank Interest Receivable
Total investment income
A4		 Current year
Unrestricted
Funds
2024
£
116,264
1,850
118,114		 Current year
Restricted
Funds
2024
£
-
-
-		 Current year
Total Funds
2024
£
116,264
1,850
118,114		 Prior Year
Total Funds
2023
£
114,211
526
114,737

28 Expenditure on charitable activities - Direct spending

Current Year
Total direct spending
B2a
Licences
Marketing and advertising of charitable
services
Travel and Subsistence - Charitable
Activities
Gross wages and salaries - charitable
activities
Defined contribution pension costs -
charitable activities
Activity costs
Sundry expenses		 Current year
Unrestricted
Funds
2024
£
5,505
9,757
1,427
-
988
-
1,538
19,215		 Current year
Restricted
Funds
2024
£
135,014
-
-
-
87,064
-
-
222,078		 Current year
Total Funds
2024
£
140,519
9,757
1,427
-
88,053
-
1,538
241,294		 Prior Year
Total Funds
2023
£
144,463
8,158
625
45
48,248
20
869
202,428

33

North Birkenhead Development Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

29 Expenditure on charitable activities - Charitable trading

Current Year
Total charitable trading costs
B2b
All the expenditure in the prior year was unrestricted.
Prior Year
Total charitable trading costs
B2b
Costs of ancillary trading to benefit
beneficiaries - Including movement in
stock for ancillary trading
Costs of ancillary trading to benefit
beneficiaries - Including movement in		 Current year
Unrestricted
Funds
2024
£
29,277
29,277
Prior Year
Unrestricted
Funds
2023
£
37,271
37,271		 Current year
Restricted
Funds
2024
£
1,217
1,217
Prior Year
Restricted
Funds
2023
£
525
525		 Current year
Prior Year
Total Funds
Total Funds
2024
2023
£
£
30,494
37,796
30,494
37,796
Prior Year
Total Funds
2023
£
37,796
37,796

34