LANGWORTHY CORNERSTONE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024
Registered Charity No. 1114637
Company Registration No. 05626422
Langworthy.
Cornerstone
Association

LANGWORTHY CORNERSTONE ASSOCIATION LIMITED
INDEX
PAGE NUMBER
CONTENTS
TRUSTEES ANNUAL REPORT
INDEPENDENT EXAMINERS REPORT
io
STATEMENT OF FINANCIAL AcfiviTIES
li
BALINCE SHEET
12
SfATEMENT OF CASH FLOWS
13-21
NOTES TO THE ACCOUNTS
FOR MANAGEMENT PURPOSES ONLY
22
INCOME AND EXPENDITURE ACCOUNT

worth
rsto
Report of the Trustees for the year ended 31" March 2024
The Trustees present their Annual Directors, Report and financial statements of the Charity for the
year ended 31, March 2024 which are also prepared to meet the requirements for a Directors,
Report and Accounts for Companies Act purposes, The financial statements comply with the
Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the
Accounting and Reporting by Charities,. Statement of Recommended Practice applicable to charities
preparing their accounts in accorda nce with the Financial Reporting Standard applica ble i n the UK
a nd Republic of Ireland l FRS 102) (effective l January 20191.
Objectives and activities
The purposes of the Charity are the promotion and preservation of good health of persons in the
areas of benefit,. the promotion and advancement of education and training in general and in such a
way as to reflect the personal, family, social and community needs of those living in the area of
benefit, with due regard to equalities a nd diversities
The provision of activities and service5 to improve health & wellbeing through the delivery,
development and facil itation of activities.
The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit
when reviewing the Charity's aims and objectives, in planning future activities, and setting the
policies for the year.
The Charity furthers its charitable purposes for the public benefit through our overall aim being to
'Improve the Health and Wellbeing of the People of Salford and especially those of Seedley and
Langworthy"
We work in partnership with a range of individuals and other organisations to provide as a centre a
varied programme of classes, services 2nd activities to improve health and wellbeing, education and
employability, as well as attracting further resources to expand and improve our offer. We also
support and help develop hea Ith & wellbeing activities in the centre which are initiated by
individuals and organ isations in consultation with us.
-we carry out regular research and collect feedback to ensure that there is a good match between
what is on offer and what the needs of the area are.
Services and activities are generally free or low cost, LCA centre users come from a wide range of
backgrounds and age groups, and we work to encourage the centre being accessed by all groups.
LCA has also been working in partnership with other organisations to develop more opportunities
attracting young people and families from a diverse range of backgrounds including language
classes, computer classes, lunch clubs, advice, arts & crafts and volunteering.
-All the activities and services outli ned above del iver publ ic benefit to the residents of Salford. and
more specifically 750A OF our participants are residents of Seedley and Langworthy, which is listed as
one of the most deprived wards in Salford on the IMD {Indices of Multiple Deprivation) scale.

wort
ersto
Cor
A review of our achievement5 and performance
We are one of the five Community Anchors for Salford, which is a recognition of the work of the
centre over manv vears; this i ncl udes the Social Prescribi ng Project as pa rt of Salford Wellbeing
Matters managed by Salford CVS.
As part of the work at LCA, we employ our own Community Connector ICC), whose role is to connect
people with local community activities and services to help improve their health & wel 5being.
Referrals come from local GPS and other health professionals and the project aims to show reduced
demand on local health services in the future.
The Cornerstone saw the departure of a long-term Chief Officer after 15 year5, followed by a period
of uncertainty change which impacted on staff morale. We took steps to support our staff through
this diff icult period by engaging several HR tools and services to support staff going forward. Along
with the appointment of a new and experienced Chief Officer returning stability and structure to the
organisation enabling our team to collectively grow through mutual support and care, a professional
team we are proLJd of.
We commenced April 2023 with renewed vigour, a new outline of staffing structure and the Board
working towards a new Board structure to develop subgroups to focus on operational activity and
feed up strategically to the board on a bi monthly basis. These groups include a Finance subgroup,
HR subgroup, EDI subgroup, Policies and Procedures subgroup, Community Forum subgroup,
Marketing & Communications subgroup and a Governance subgroup - all subgroups are formed,
some remain static (HR, Finance, EDI, Governance, Policies & Procedures) and some disband as
activity develops and becomes sustainable (Matrix Style Management).
We continue to host Zumba, Yoga, Tai Chi, Karate, Zumba, Learning Activities, Computer classes,
Active Seniors, Men's Health activities, Citizens Advice, General advice, Salford Disability Forum, Job
Club, as well as ongoing support for people wishing to gain experience through volunteering. We
have developed a robust Volunteering programme, which the board has committed funds for a
training programme to support the development of the Volunteers engaged with opportunities
medium to longer term tc develop job readiness. We continually achieve the KP15, targets set by our
main commi5510ner NHS, ICB,
Our Healthy Food Project which includes a Cafe continues support Warm Places, free breakfasts,
reduced prices meals to support people in need, a holiday club with children's activities a nd food
provided. Food Cycle providing free Vegetarian meals for up to 40 people in house in a bistro style
setting and we host two sessions per week for up to 80 local people,
The Cornerstone accommodates a GP Surgery, a Family Hub including Early Help and a Children's
Nursery, a range of Voluntary Organisations and Social Enterprises under one roof, which really adds
value to the overall offer of LCA through the social prescribing model of practice.

rth
rsto
Financlal review
We continue to pay rent and service charges on 58% of the building rather than the 84Yo that we
paid previously. However, this 58Yo will be split with Living Well, a Mental Health project hosted in
the large office supported by a £300,000 investment by ICB/NHS, A tenancy agreement is under way
and will be ready to share in January 2025. This will provide much needed income to 5UPPOrt the
Centre's sustainability. The Family Hub accommodation c05ts126Yo) are now directly supported by
Salford City Council and the GP practi￿ pays costs separately (16%). We share the costs of security
and these costs are allocated according to the same proportions. However, these costs are due to
be increased in April 2025.
A new three-year contract has just been awarded to the Centre by ICB/NHS which provides security
until 2028, albeit we are unaware of the exact offer until January 2025.
We were also pleased to receive grants from a number of funders during the course of the year.
This income provided project funding for several projects of benefit to local residents e.g Warm Hub,
Women into Visual Art funding from Whose Art, Whose Culture, Men's Health, Cooking classes.
In addition to our planned income and expenditure, our accounts also reflect a loan to cover an
historic phone bill which we have cleared and used the loan to support the debt and considered this
to be good housekeeping and we pay a new phone company monthly for phone usage- this
supported cash flow and we were able to afford the monthly payment and rid the Centre of a bundle
of 40 defunct phones.
We are able to report an overall surplus for the year as a result of diligent handling of cash flow.
We now have a formal lease with NH5 Property Services and a sub lease in development with the
Living Well project.
In January 2025 we intend to employ a new full time Centre Manager to a55iSt the CEO and a Finance
Office for two days.
Investment powers and policy
To minimise the risk to our finances, we hold three interest bearing deposit accounts during the
period, one with CAF Bank Ishawbrookl, one with Charity Bank and one with the Ecology Building
Society, Unity Trust to maximise the cover provided by the Financial Services Compensation Scheme.
ReseNes Pollcyl Development Funds and issues of ongolng concern
The balance held in unrestricted reserves on 31, March 2024 was £16,492 of which £155,836 are
free resenies after allowing for funds tied up in tangible fixed assets.
Trustees always consider the need for LCA to hold sufficient reserves to maintain the financial
security of the orga n isation. The designated fund reserves are al located as follows:
Designated funds to allow for an orderly wind up of the organisation if necessary and to
cover contractua l obligations, especially redundancy costs.

Lan
orn
worthy
rston
Designated funds to take account of possible variations in our service charge, designated
fund5 to cover any funding gaps and to allow time to source new finances.
A further fund to help cover the ongoing reduction in earned income, and to help the
organisation plan and develop new and revised servlces 2024-2025.
The Reserves Policy and Development Fund decisions will be reviewed and updated annually by the
Trustees.
Risk management
On an annual basis, the Trustees have conducted a review of the major risks and system5 have been
established to mitigate those risks, which include the above Reserves Policies and the ongoing land
documented) negotiation with the parties concerned to mitigate these risl<s.
Plans for Future Periods
Our current Health & Wellbeing contract has been renewed with NHS/ICB will expire Mar 2028. As
such the Trustees continue to focus on how the Cornerstone can continue to deliver high quality
activities that contribute to the health and wellbeing of residents and meet the KPIS in LCA
contractual arrangements with ICB.
As the Centre settles into a new period of development after the re launch Oct 2023, we plan to
capitalise on renewed vigour created by the re launch and the Centre has become much busier.
We conlinue to consult with staff and the community through quarterly census (Community survev
and we have amended the forms to accommodate Equality & Diversity and authenticity of the
community members who use the building considering, the dynamic shift in the demographic and
ethnicity of people who live in the area. The Trustees are aware of considerable changes to the
malceup of the local area, and remain committed to welcoming residents of all aEes and
bacl<grounds and celebrating ihe increased diversity of the communities we serve.
Structure, Governance and Management
Langworthy Cornerstone Association ILCAI is a company limited by guarantee governed by its
th
Memorandum and Articles of Association dated 9, October 2012 (amended S June 2016). It is
reEi5tered as a charity with the Charity Commission and 15 constituted under a trust deed dated 9
October 2012 (amended 6" June 20161. The Constitution is being developed presently to meet the
demands of the community as time shifts so do socio economic trends.
Ih
We continue to recruit a specific board membership to complement the expertise and leadership we
have presently, increase accountability and capitalise on the ongoing local and regional support
towards the centre.
Appointment of Trustees
As set out in the Articles of Association trustees are elected annually by the members of the
charitable company attending the Annual General meeting and serve for a period of 3 years,

Trustee Induction and training
New trustees will be familiar with the work of the charity. New trustee5 will receive/be directed to:
The memorandum and articles; minutes of previous meetings,. the last annual accounts Iwith
advice on their content}.
Charity Commission and Companies House advice and regulations and The Charity
Commission pack for new trustees.
New trustees will also be given one-to-one advice on particular aspects of LCA'S work,
depending on their knowledge and area of expertise.
Cc)mpl lance trai ning required including Safeguarding, GDPR training.
Organisation
The Board of Trustees administers the charity. The Board meets bi monthly with a sub group
meeting prior or following the board meeting dependent on need. However, there are some sub
groups which meet continually for example the Finance sub group, HR sub group.
The Chief Executive Officer is appointed by the Trustees to manage the strategic direction of the
Charitv.
A Centre Coordinator is employed to support operational activity 3t.ihe Centre whereas the planned
new Centre Manager will sit between the CEO and Centre Coordinator for matters that cannot be
dealt with by the Centre Coordinator and are not relevant for strategic management. The aim in
2025 is to lever the Centre into a position of independence through applications for contracts to
deliver services, as opposed to applying for grant funding and the Centre Manager will free up the
CEO to be able to do this.
Related parties and co-operation with other organisatlons
None of our Trustees receive remuneration or other benefit from their work with the Charity, Any
connection between a Trustee or Senior Manager with any service providers must be disclosed to
the fu51 board of Trustees in the same way as any other contractual relationship with a related party.
In the current year no such related party transactions were reported, Travel expenses are paid to
Trustees.
Reference and administrative information
Charity Name.. Langworthy Cornerstone Association
Charity Number: 1114637
Company Registration Number.. 05626422

Lan
rthy
orners
D5rectors and Trustees
The Directors of the charitable company (the Charity) are its Trustees for the purpose of Charity Law.
The Trustees and Off icers serving during the year and since the year end were a5 follows.,
Key management personnel: Trustees and Directors
Geraldine Stone
Chai r
Sheila Battersby
Treasurer
Ruth Abou Rached
Vice Chair
Erica Kinni bLJrEh
Doreen Burns
Dorothy Robinson
Alexis Sharna
Aiden Richards
John Wright
Sam Palmer
(resigned January 20241
(resigned January 20241
resigned August 20231
(resigned November 20231
{appointed November 20231
{appointed November 2023, resigned October 2024}
(appointed November 20231
(appointed January 2024)
{appointed January 20241
l(ate Crossan
Beverley Fletcher
Company Secretsry
Chlef Executive Offlcer
Beverley Fletcher
Registered Office
Langworthy Cornerstone
451 Liverpool Street
Salford
M65QQ
Independent Examlners
Community Accountancy Service Limited
The Grange
Pilgrim Drive
Beswicl<
Manchester
M113TQ

ton
Bankers
Co-operative Bank plc
l Ba Iloon Street
Manchester
M60 4EP
Ecology Building Society
7 Belton Road
Silsden
l<eighley
BD20 OEE
Charity Bank
Fosse House
182 High Street
Tonbridge
TN9 IBE
Shawbroolc Bank Limited/CAF
Lutea House
Warley Hil l Busine55 Parl<
The Drive
Great Warley
Brentwood
CM13 3BE
Unity Trust Bank plc
Four Brindley P lace
Birmingham
BI 2JB
Solicitors
Weightmans LLP
100 Old Hall Street,
Liverpool
L3 9QJ

worth
rsto
Trustees, responslbllltles In relatlon to the flnanclal statements
The Charity Trustees {who are also the Directors of Langworthy Cornerstone Association for the
purposes of Company Lawl are responsible for preparing a Trustees, annual report and financial
statements in accordance with applicable law and United l(ingdom Accounting Standard5 Iunited
Icingdom Generally Accepted Accounting Practice),
Company law requires the Charity Trustees to prepare financial statements for each year which give
a true and fair view of the state of affairs of the charitable company and of the incoming resources
and application of reSoUr￿s, including the income and expenditure, cf the charitable company for
that period. In preparing the financial statements, the Trustees are required to:
Select suitable accounting princi ples and then apply them consistentlv;
Observe the methods and principles in the applicable Charities SORP,.
Make judgments and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to any material
departure5 that must be dlsclosed and explained in the financial statements.
Prepa re the financial statements on a going concern basis unless it is appropriate to
presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the Charity and to enable them to ensure that the
financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the Charlty and taking reasonable steps for
the prevention and detection of fraud and other irregularities,
By order of the Board of Trustees
Geraldine Stone
Chair
th
Date: 13 December 2024

Independent examiner's report to the trustees ofLANGWORTHY CORNERSTON
ASSOCIATION LIMITED
sl
I report on the accounts of the company for the year ended 31 March 2024, which
are set out on pages l O to 21.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the pU￿oseS of cornpany law) are
responsible for the preparation of die accounts. The trustees consider that an audit is not
required t'or this year undei. section 144(2) of tlie Chwities Act 2011 (the 2011 Act) and that ali
indepeiideiit ex￿nination is needed. The charity is required by cornpany law to prepare accrued
accounts and I am qualified to undertalce the examination by being a qualified member of The
Association of Chartered Certified Accountants.
FIaving satisfied myself that the charity is not subject to audit wider company law and is
eligible for independent examination, it is my responsibility to:
examine the accounts undcr section 145 of the 201 l Act '
to follow the procedures laid down in the general Directions given by thc Ch￿lty
Commission under section 145(b) of the 201 l Act. and
to state whether particular matters have com¢ to my attentio
Basis of independent examiner's report
My examination was carried out in accordance with the gcncral Directions given by the
Charity Comtnission. An examination includes a review of the accounting records kept by thc
charity 2nd a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts, and sccking cxplanations
from you as twstccs Gonccrning any such matters. The procedures undertaken do not provide
all the evidence that would be requAred in an audit and consequently no opinion is given as to
wlicthcr thc accounts present a 'true and fail. view, and the report is limited to those mattcrs set
OLIt in the statemenl below.
Independent examiner's statement
In conneclion witli my examinalion, no matter has come to my attention:
(l) which giives me reasonable cause to believe that in any material respect the requirements
lo keep accounting records in accordance with section 3 86 of the Companies Act 2006.
to prepare accounts which accord with the accounting records, comply with the
accounting requirements of section 396 of the Companies Act 2006, ' and
with the melliods and principles of the Slatement of Recommended Practice:
Accounting and Reporting by Charities have not been met. or
(2) to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
AM King fccA
Commiinity Accountancy Service Ltd
The Grange, Pilgi'im Diive, BeswicK ManchGstcr, Ml13TQ
th
Datc: 13 Dcce]nbcr 2024

LANGWORTHY CORNERSTONE AssoaATION LIMITED
1D
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED
31 MARCH 2024
Incorne and Ex
inco
oratin
diture Account
Totsl Funds Totsl Funds
Year Ended
31 P41arch Year Ended 31
2024
March 2023
Unr95tiictgd Restrlcted
Funds
Funds
Further Detalls
Income from:
Donations and logacres
Cha￿table Acllvltlès
Other Trading Acllvliies
Investment Income
Total
{3)
{4}
(5}
530
437,516
21,315
5,161
464.522
530
459.526
21,315
5,181
486,532
1.000
473,OS4
17,999
2,078
494,131
22,010
22,010
ExpÈndltur& on:
Raising Funds
Charitable ActTvilies
Other
Total
161
161
161
19,504
462,267
I,iio
482,881
19,504
463,975
I,iio
484.589
14,456
404,978
2.496
421,930
1,708
1,708
Net Incomel{expendlturel
18,3591
20,302
1,943
72,201
Translers between funds
116)
Nat movgm&nt In fund8
18.3591
20,302
1.943
72.201
ReGonciliation of funds
Total fund5 brought forward
Total funds carried forward
1161
1161
352,851
334,492
1,370
21,672
354,221
356,164
282.020
354,221
The 81atemenl of financial aclivlties includes all galns aml losges ￿cognised in year. All income and
expenditure derlv9 from contlnulng actlvltles.
The note5 on pages 13 10 21 form part of these accounts.

LANGWORTHY CORNERSTONE ASSOCIATION UMITED
11
BALANCE SHEET AS AT 31 MARCH 2024
Com
Re
istration Number:
562
422
2024
2023
Notes
Fixed assets..
Tangible assets
Total fixed assets
8,656
8,65S
1,917
1,917
Currènt assgts:
stocks
Debtors
Cash al Bank & in Hand
Total current assets
1121
1131
1,800
48,789
397,409
447,998
1,800
12,765
445,468
460,033
Llabllltles..
Creditors.. knounls falling due within one year
{141
100,490
107,729
Net current asseis or liabilitles
347,508
3S2,304
Total a858ts less current liabilities
356,164
354.221
Total net assets or liabllFties
356,164
354,221
The funds of the Gharty:
Restricted Income funds
1161
21,672
1,370
Unrestricted incorne funds
{161
334,492
352,851
Total charity funds
356,164
354,221
For the period in question the company was entltled to the exemptlon conferred by sectlon 477
of the Companies Act 2￿6, and that no notlce has beèn deposited undèr sectlDn 476 In relatlon
to its accounts for the financial year,. and the directors acknowledge their responsibilities for..
complying with the requirefflent5 of the Companie5 Act 2006 wlth respect to
accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to
companles subject to the small companles, reglme,
Approved by the trustees on 13th December 2024
Alexls Shama
Treasurer
The notes on pages 13 to 21 form part of these accounts.

LANGWORTHY CORNERSTONE ASSIxiATION ￿M￿ED
12
Stat&rnent of Cash Flows lor tha year endlng 31 March 2024
Reconciliation of net rnovement in funds to net cash flow from operating artivities
Y&ar Endgd Year Ended
31 March
31 March
2024
2Q23
Net movement In funds
Add back depreciation
Deduct Investment income
Decreasellincreasel in stocks
Decreaselllncreasel in debtor5
Increase/ldecreasel In Creditors
1,943
3,558
15,181)
72,201
1,430
12,078)
136,0241
17,239)
187,e85
(84,123)
Net cash used in operatlng acifvltles
142,9231
175,115
Cash flows from invèstmènt activitiès..
Interest
Purchase of fKed asset
5,161
110,2971
2,078
11,1721
Nèt cash provided by inv6sting activities
15,136)
906
Increaselld8creas81 in cash ancs cash equivalènts during the year
148.059)
176,021
Cash and cash equivalents brought forward
445,468
269,447
Cash and cash equivalents carried fo￿rd
397.409
445,468

LANGWORTHY CORNERSTONE ASSOCIATION LIMITED
13
Not85 to thg accounts for the year ended 31st March 2024
l. Accountlng pollcles
lal Basis of preparation and as5es5ment of golng concern
The account5 (financial Statements) have been prepared under the historical cost Cpnvention with items reco6ni5ed at
cost or transaction value Unle￿ otherwise stated in the relevant note5 to these accounts. The financial ststements
have been prepared In ac¢ordance with the Statement of Recommended Prdctice: Accounting and Reportlng by Charities
preparing thÈlr accounts In accordance with the Flnanclal Reportlng Standard appllcable In the UK and Republlc of
Ireland IFRS 1021 issued on 1st January 2019 and ihe Financial Reporting Standard applicable in the United Kingdom and
Republlc uf Ireland IFRS 1021 and the charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainlie5 about the charity's ability to continue as a going concern,
Ib) Fundg structuro
Restricted funds are funds whlch are to be used In accordance with 5peclfic re5trlctions imposed by the donor or
trust deed. There are 3 restricted funds,
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherartce of
the charitable objects. Unrestritted funds include (Jesignated funds where the trustees, at thelr discretion, have
created a fund for a speclflc purposè.
Further detslls of each fund are dlsc105ed In note 16.
Icl Income recognition
All income is recognised once the charlty has entltlement to the Income, It Is probable that the Income will be
recelved and the Èmouftt of Income recelvable can be measured reliably.
Donatlong are recognised when the charlty has been notlfied In wrltlng of both the amtsunt and settlement date. In the
event that a donation is subject to conditions that require a level of perforrnance before the charity is entitled to the
funds, the income is deferred and not recognised until either those condition5 are fulty met, or the fulfilment of those
conditions 15 wholly within the control of the ch8rity and it is probable that those conditions will be fulfilled in the
reporting perlod.
Interest on funds held on deposit is included when recelvable and the amount can be Measured rellably by the charlty,.
thls 15 normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the
dividend has been declared and notification has been received of the dividend due.
Idl Expendlture Recognltlon
Liabilities are recognised as èxpenditure as soon 3S there Is a legal or constructlve obllgatlon commlttlng the charltyto
that expendltLtre, It Is probable that 5ettlernent will be required and the amount of the obli8ation can be measured
reliablv.
All expenditure 15 accounted for on an ac¢ru815 basis. All expenses including support costs and governance costs are
allocated or apportioned to the applltable expenditure headlngs, For more informatlon on th15 4ttrlbutlon refer to note
Ifl below,
lel Irrecoverable VAT
Irrecoverable VAT 15 charged against an irrecoverable VAT expenditure heading.
If) Allocatlon of support and g¢>veinan¢e c05ts
Support costs have been allocated bètween governance tosts and other support costs. Governance costs comprlse all
costs involving the public accountablllty of the ¢harlty and Its compliance wlth regulatlon and good practlce. These
cost5 include costs related to independent examination ad legal fees together with an apportionment of overhead
and support costs.
Governance costs and support costs relatlnB to charltable actlvltles have been apportloned based on type of expense.
The allocation of support and governance costs is a￿al￿d In note 8.
Igl Costs of rnising funds
The costs of raislng funds consists of attivity cost5, café food and advertlsing and marketlng.
Ihl Charltable A¢tlvlt5es
Costs of charitable attivitie5 include governance cost5 and an apportionment of support costs as shown in note 7.

LANGWORTHY CORNERSTONE A550CIATION LIMITED
14
Notss to the accounts for the year ended 31st March 2024
111 Tanglble fixed assets and depreclatlon
All assets costlng more than £500 are capitalised and vElued at h15torical cost, Depreciation is charged on the followSng
basi5:
Computers
Llffice Equipment
33.33% on cost
25% on cost
lil Reallsed galns and10$5e5
All gain5 and losses are taken to the Statement of Flnan¢ial Activities as they arlse. Reallsed gains and losses on
investments are calculated as the difference between sales proceeds and thelr opening carrylng value or thelr
purchase value if acqulred subsequent to the f irst day of the flnanclal year. Unrealised gains and losse5 are
calculated as the dlfference belween the fair value at the year end and their varying value. Realise(l and Un￿311$e￿
investment galns and1055e5 are combined in the Statement of Flnanclal Activities,
Ikl Penslons
The charity currently adminlsters contributions to a penslon scheme on behalf of individuals, The charity has no liabillty
beyond making it5 contributlons and paylns acros5 the ded4JCtions for the employee's contrlbutions,
111 Debtor5
Trade and other debtors are reeognlsed at the settlement amount due after any trade dlscount offered. Prepayments are valued at
the amount prepaid net of any trade discounts due.
Im) CreLlltors and provlslons
Credltors and provisions are recognised where the charity has a present obligation resultlng from a past event that wlll probably
result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estlrnated reliably.
Creditors and provisions are normally recognlsed at their settlement amount after allowlng for any trade discounts due.
2. Related party trangatttlons and trustees, expenses and remuneration
The trustee5 all glve freely their time and expert15e wtthout any form of remuneration or other beneflt In cash or klnd
12023= £nill. Expenses paid to the trustees in the year totalled £nll12023.. £1051. This cornprlsed 012023.. 11 trustee relmbursed for
travel expenses,
3. Donatlons and Lagacles
Unrestricted
Restricted Totsl Funds Toial Funds
Year Ended Year Ended Year Ended
31 March
31 March
31 March
2024
2024
2023
Year Endeql 31
March 2024
t)ongllons
530
530
530
530
1,000
1,000
Previous reporting period
Unrestrlcted
Rèstricted Total Funds
Year Endèd Yèar Ended
31 March
31 March
2023
2023
Year Endod 31
March 2023
Donation8
1,000
1,000
1,000

LANGwoirrHY CORNERSTONE ASSOCIATION UMITED
15
Notes tD the accDunts for the year ended 315t March 20Z4
4. Income from charltable actlvi¢ies
Unrestrlcted
Restrfctad Total Funds Total Funds
Year Ended Y9ar Ended Year Ended
31 March
31 March
31 March
2024
2024
2023
Year Ended 31
Maroh 2024
Room and Facilities Rentsl
Acllvilies Income
Class Fees
General grant8=
NHS sa￿ord
Salford CVS Anchor Investment
Salford 3rd Sector Consortium
Restricted grants..
Henry Smith
SalFord CVS
Great Places Houslng
SaEford CVS Summer Activities
Salford CVS Household Support Fund
Salford Community Grants
67,445
67.445
84,673
3,873
2,940
18,666
18,666
302,678
48,727
302,678
48,727
292,591
50,119
1,370
21,710
300
21,710
300
8,395
4.QOO
25,093
473,054
437,516
22,010
459,526

LANGWORTHY CORNERSTONE ASSOCIATION LIMITED
16
Notes to the awounts lor the year ended 31st March 2Q24
4, Income Irom charltable attlvltles
Prevlous reportlng perlod
Unrestrfcted
Restricted Total Funds
Y8ar Ended Year Ended
31 March
31 March
2023
2023
Year Ended 31
March 2023
Room and Facilities Rental
Aclivili68 Incom&
Class Fees
General grants..
NHS Saiford
Salford 3rd Sector Consortium
ReslriGled grants:
Henry Smith
Salford CVS Summèr Actlvlttes
Salford CVS Household Support Fund
Saword Community Grants
84,673
3,873
2,940
84,673
3,873
2,940
292,591
50,119
292,591
50,119
1.370
8.395
4,000
25.093
38.858
1,370
8,395
4,000
25,093
473,054
434.196
5. Income from other trading £ctivitles
Unregtrlctod
Rèstrlctèd Total Funds Total Funds
Year Ended Year Ended Year Ended
31 March
31 March
31 March
2024
2024
2023
Year Ended 31
March 2024
Café Income
21.315
21,315
21,315
21,315
17.999
17.999
Prevlous reportlng perlod
Unrestricted
Rostricted Total Funds
Year Ended Year Ended
31 March
31 March
2023
2023
Year Ended 31
March 2023
Café Income
17,999
17,999
17,999
17,999

LANGWORTHY CORNER￿oNE ASSOCIATION LIMITED
17
Note5 to the accounts for the year ended 3tst March 2024
6. Expendlture
Community Year Ended Year Endod
Centre
31 March
31 Narch
Actlvltlos
2024
2023
Expenditure on ralslngfunds:
Cafe Food
Advertising and marketlng
Website
Subscriptions
15,894
120
1,692
1,798
19,504
15,894
120
1,692
1,79
19,504
12,734
631
1,091
14,456
Expenditure on charltable actlvltles..
Employment Costs
Freelance Costs
Recruitment
Training
Acllvilie8
Donations Paid
DBS Checks
NHS Recharges
Gifts
Water
Room Hire
Travel Expenses
Rèpairs and Mainl8nance
Bad Debts
Minor Equipment and Rental
Rates
Soflware and IT
Irrecovorable VAT
Bank Charg88
Telephone
Cleaning and Security
Insurance
Govornance Costs
Post, Printing & Stationery
Depreclatlon
243,095
1,401
243.095
1,401
396
2,519
30,065
263,256
4,810
2,519
30,065
2,117
24,704
140
201
(16,247)
18
44,473
676
15,526
18
44,473
676
15,S26
15,277
4(k8
1,412
1,583
18,000
5,958
2,419
2,181
2,672
135
4,486
44,703
2,533
16,930
5,237
1,430
404,978
1,526
3,384
113,6861
4.163
1.628
2,462
29,476
374
13671
47,136
2,813
35,094
8,245
3,558
483,975
1,526
3.384
113.6861
4,163
1,628
2.462
29,476
374
13671
47,136
2.813
35,094
8,245
3,558
463,975
Other expendlture:
Miscellarbeous
1,110
I,iio
484,589
1,110
I,iio
484,589
2.496
2.496
421.930
Restrlcted funds
Unrestricted fund5
1,708
482,881
484,589
77.791
344,139
421.930

LANGWORTHY CORNERSTONE ASSOCIATION LIMITED
18
Notes to thè actounts for thè yèar ended 315t Marnh 2024
7. Analysls of expendlture on charltable activities
A5 per note 6.
8. Allocation of governance and support costs
The breakdown of support costs and how these were allocated between EDvernance arbd other support cost5 15 shown
below..
General Support
Governance
1,500
Total 2024 Basis of apportionment
1,SOD type ofexpense
61 type ofexpense
12,447 ty￿ ofwp¢nsg
1,256 tyFe ofe￿nSe
19,83D type ofexpen8e
35,094
Accountancy Fees
Interest Pald
Book-kegping Charge
Payroll Bur82u Chargés
Professional Fees
61
12.447
1,256
19,830
33,594
1,500
Previous reportlng perlod
Gènoral Support
Govornancg
1,580
Total 2023
BaGls of apportlonment
1,580 type of expense
4,011 Lype of expense
1,260 type of expense
7,734 type of expense
860 type of expense
335 type of expense
185 type ol expen
5 type of expen8e
16,930
Accountancy Fees
BoDk-keeping Charges
Payroll Bureau Charges
Professional Fees
Support & advice
Penalties
TNslee Expenses
Accountancy Support
4,011
1,280
7,734
860
335
185
965
15,165
1,765
9. Analysis of staff costs
Ygar Ended Year Ended
31 March
31 March
2024
2023
Wages and Salarles
Agency Costs
Redundancy
Social Security Costs
Pension Costs
219,092
2,314
231,182
5,494
12,1D9
9,580
243.095
12,793
13,787
263,256
Charitable aclivllla
Support costs
243,095
263,256
243,095
263,256
The 8verage number of employees during the year was 11 Iprevious year.. 13).
The charity considar8 Its key management personnel comprfses the trust86s and Chl&f Exocutivo Officer. The total
employment benefits, including employer penslon contrlbutlons of the key rnanagement personnel were £40,573
(previous year.. £38,683), No employee has benefits in excess of £60,CKJO {previous year.. none).
10. Indopgndont Exarnlner Feè5
Year Ended Year Ended
31 March
31 March
2024
2023
Ind8pèndent examlnation f¢&s
Other Accountancy 5ervlces
1,500
1,580
965
2,545
1,50D

LANGWORThY CORNERSTONE ASSOCIATION LIMITED
19
No¢gS to the account8 for th& yg8r onded 31st Narch 2024
11. Tangible Flxed Assets
Furniture &
Office
Equlpmgnt
)mputgrs
Total
Cost
Al 1 April 2023
Addltlon5
Al 31 March 2024
12,432
37,476
10,297
47,773
49,908
10.297
60,205
12,432
Depreclatlon
Al 1 ￿)rI1 2023
Charge for Year
At 31 March 2024
11,737
347
12,084
36,254
3,211
39,465
47,991
3,558
51,549
NET BOOK VALUE
At 31 March 2024
Al 31 March 2023
8,308
1.222
8,656
1,917
695
12. stocks
2024
2023
Café Food Stocks
1,800
1,800
13. Analysis of debtors
2024
2023
Debtors
Prepayments
41,103
7,686
48,789
9,174
3,591
12,765
Debtors 3nd prepayments related to unrestritted funds both In 2024 and 2D23.
14. Creditorn.. amounts falllng due within one year
2024
2023
Cred￿l￿r$
Overspent Cash
Short-term compensatgd absence8 (holiday pay)
Other creditor8 and accruals
Deferred Income
98.347
62
105.898
31
2,081
1,800
100,490
107,729
15. Dofèrrèd Income
Deferred incorne comprises grants re¢eiwJ in advanoe.
Balance as al 1 April 2023
Amount released to income earned from charitable activities
Amount deferred In yèar
Balance at 31 March 2024

LANGWORTHY CORNERSTONE ASSOCIATION UMITED
Notes to tho accounts for the year ended 31st March 2024
16, Analysis of charilable lund5
Analysls of movemonts In unrgstrlcted funds
Balance at 1
Aprll 2023
Incomlng
Resources
Resourc6S
Expend&d
Balante at 31
Mar¢h 2024
Transfers
General Fund
De8ignated Fund
237,351
115.500
352,851
464,522
1482.8811
154,50DI
54,50D
164,492
170,WO
334,492
464,522
1482,8811
Previous reporting peri¢xl
Balance at I
April 2022
Incomlng
Resources
Resour¢e$
Expended
Balance at 31
March 2023
Transfers
Ganeral Fund
Designated Fund
131,717
110,000
241,717
455,273
1344,1391
15,5001
5,500
237,351
115,500
352,651
455.273
1344.1391
Name of unrestrlcted fund:
G6neral Fund
Deslgnated Fund
Doscrlptlon. nature and purpose of the fund
The 'Yree reserves" after allowing for all designated funds
For future d05ure costs, redundancy provision and contractual obligations
Analysis 01 rn0¥9mgnts in restricted fund8
Balance at 1
April 2023
Incoming
ResourGe¥
Resources Expended
Balance at 31
March 2024
Transfers
Henry Smith
Salford CVS
Groat Places Housing
1,370
11,370)
138)
13DO)
11,708)
21,710
300
22,010
21,672
1.370
21,672
Previous reporting period
Balance at 1
April 2022
Incoming
Resources
Resources Expended
Balance at 31
March 2023
Transfers
NHS Salford
Henry Smith
Salfoid CVS Summer Activities
Salford CVS Household Support Fund
Salford Community Grants
Salford CVS Addres8ing Unmet Needs
8,222
18,2221
1,370
8,395
4,0(K)
25,093
1,370
18,3851
14.0001
125,0931
132,0811
177,7911
32,081
40,303
38,858
1,370

LANGWORTHY CORNERSTONE ASSOCIATION UMITED
21
Notes to the accounts foi the year ended 31st March 2024
16. Analysls of charltable fvnds
Analysls of movements in restritted funds
Narne of restricted fund:
Henry SmSth
Salford CVS
Great Place5 Housing
De8crlptlon, nature and purpose 01 thè fund
for a trip lo Gullivers World
lo support an employee post for Well Belng Matters
food for WIVAArts workshops
17. Anatysls of net asset5 between fund5
Unrestrlcted
fund5
Deslgnated
fund8
RestriGted
funds
Total 2024
Tangible fixed assets
Cash al bank and in hand
Olher nel current a8$elellliabililiesl
Total
8,656
20S,737
149,9011
164,492
8,658
397,409
(49,9011
356,164
170,C￿0
21,672
170,000
21,672
Previous reporting period
Unrestricted Dosignatgd
fund8
funds
R8Stricted
fund$
Total 2023
Tangible fixed assets
Cash at bank and in hand
Other nel current 888e18llllablll￿8)
Total
1,917
328,598
(93.1641
237,351
1.917
445,468
193,1641
354,221
115,500
1,370
115,500
1,370
18. Financlal Instruments
The Cha￿tY only has financial asset5 and liabilities of a kirKI that qualify as basic financial in8lrumenls. Basic financlal
instruments are initially recognised on a transaction value and sub8equenUy mea8ufftd at thèir sdllemenl value ￿rith the
exception of bank knans which are 8ub8equently m8asur8d at an amortised cost uslng the effective Interest method.
19. Operatlng leases
The total of future minimum lease payrnents under non-cancell8ble operating leases are..
Equlpment
Leases
2024
Equlpment
Leases
Payable within one year
Payable between 2 and five years
14,785
25,874
20. Contin8ent Liabilities
at the date of signing these accounts, Langworthy Comer5tone made a voluntary dlsc105ure of underpaid VAT to the value of
£36,2651£29,476 up to 31st March 20241. HMRC may Impose penalties of between 30% and 11)O%. The charlty is awaiting the
outcome of this dlsclosure.

LANGWORTHY CORNERSTONE ASSOCIATION UMITED
22
In¢ome Expendlturg Account
Year Ended Year Ended
31 March
31 March
2023
2022
Income
Donations
Investment Income
General grants..
NHS Salford
Salford CVS Anchor Investment
S31ford 3rd Sector Consortium
Room and Facllltles Rental
Activitles Income
Class Fees
Restricted grants.,
Henry Smlth
Salford CVS
Great Places Houslng
Salford CVS 5￿Mmer Activlties
Salford CVS Household Support Fund
Salford Communlty Grant5
Café Income
Totrdl Income
530
5,161
2,078
302,678
48,727
292.591
50.119
84,673
3,873
67.445
18,686
1,370
21,710
300
8.395
4,0(K)
25,093
17,999
494.131
21,315
488,532
Expenditure
Activities
Cafe Food
Advertlsing and marl(eting
Website
Subscription5
Employment Costs
Freelance CDSts
Recruitment
Trainlng
Donatlons Pald
DBS Checks
NHS R2ch3rge5
Gift5
Water
Room Hire
Travel Expenses
Repairs and Maintenance
Bad Debt5
Minor Equlpmeni and Rental
Rate5
Software and IT
Irrecoverable VAT
Bank Charges
Telephone
Cleanlng and 5eEurity
Insuyance
Governance Costs
Post, Printing & Stationery
Depreciation
MlscellaneoLJ5
Total Expendlture
30,065
15,894
120
1.692
1,798
243.095
1,401
24,7(I4
12.734
631
1.091
263.256
4.810
2,51g
2,117
18
44,473
676
15.528
201
116,247)
635
15.277
1,526
1.412
1,583
18.000
5,058
2.419
2,181
2.672
135
4,486
44,703
2.533
16,930
5,237
1,430
2,496
421.930
{13.688)
4,163
1,628
2.462
29,476
374
136n
47.136
2,813
35,094
8.245
3.558
1.110
484.589
SurplLLs/ldeflclt for ye)rl
72,201