Charity reglstratlon number 1125710 Company registration number 05036178 (England and Wales) TIBER COMMUNITY BUILDING ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Hargreaves & Woods 14APIFREO ACCOUNIANTS US114ES< ADVISI.RS
TIBER COMMUNITY BUILDING CONTENTS Pagb Legal and admin151ralive information Trustees. report Slalemenl of Iruslees, responsibililies 10 Independent audilorfs report Slalemenl ol financial acllvilies 13 Balance sheet 14 Slalemenl of cash ftows 15 Notes lo the financial statements 16-26
TIBER COMMUNITY BUILDING LEGALAND ADMINISTRATIVE INFORMATION Truslees MrBJDawe S Kamal Miss G LimarTri MT C Norman COPSmilh Mr Tarence Barrigan {Appoinled 2 July 2024} Secretary Ms D J Wrighl Senlor management Ms D J Wrtght Chief executive officer Country of incorporation Unlled Kingdom (England and Wales) 05036178 Charlty registration England and Wales 1125710 Registered office Tibef stet Sile Lodge Lane LiveTpooI L8 OTP Auditor James Hargreaves FCA Cholmondeley House Dee Hills Park Chester Cheshire CH3 SAR
TIBER COMMUNITY BUILDING TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 28 FEBRUAR Y 2025 The Iruslees present their annual report and financial slalemenls for the year ended 28 Febfuary 2025. The financi¥l slalemenls have been prepared in accordance th the accounting policles sel out in nol2 1 to the rinancial slalemenls atbd comply wilh the charitable company's governing doGumenl. Ihe Companies Act 2006 and "Accounting and Reporting by Charllies.. Statement of Recotr>mended Practice applicable lo charities pjeparing their accounts in accordance wllh the Financial Reporting Slantjard applicable in the UK and Republic of Irei8nd (FRS 1021" leffeclive 1 January 2019). Objectiv65 and aclivltles The ¢harily aims lo support the socral and economic regeneration of ils local area. providing a platform through which the communlty's young people have a voice and are encouraged lo sel and achieve goals: that improve Iheir own life chances and Promotes the development ol sports, arts and community tacililies on the old Tiber Sl School sile. The motivation for fiber's work throughout the year has been to ensufe Ihal the local eommunity and in particular ils young people are equipped lo play a key role in the decision making processes Ihal will effect a poslllve change within their neighbourhood's buill environment. To this end the charity has wort<ed closely with The Grtsenhouse Mulli-cullural Play and Arts PToje¢l lo deliver progTammes of work. which have given local young peq)le opportunilles lo gain experience and hone their entrepreneurial and leadershlp skills whilsl delivering services. 8Ctlvities and events on the fiber Sile for benefit of the local community- The charity h8s been fvnded throughout this year by grant applications arj income generated from fiber Enterprise facilities. fiber enlisted the support of volunteers and worked bvilh a number of other agencies and organi5alions lo involve young people in both local Tegeneralion and crealive learning OPPOrtunilies. Public benefit The Iruslees have refeffed lo Ihe guidan contained in the Ch2rtty Commission's general guldanc& on public benefit when reviewing ovr arms and objectives and in planning our future aclivilies.
TIBER COMMUNITY BUILDING TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Environmental report Tiber has begun implemenling 5UStainability inilialive5 such as Teducing waste and Iransilioning lo energy tsfficienl systems parti¢ul8rly around the impact of ils football centre on the environment. However. it is noted that there is growing call for more comprehensive and strategic action, particularly regaiding spectator and participarits Iravel and the broader influence of football's commercial aclivilies. Key Environmenlal Impacts-. Tiber's 3G football pitch is a significanl energy consumer, parti¢ulady due lo ils floodlights. Waste generated by players and supporters is also a major nCern. P58yers and Supporters Travel-. Travel lo and from Ihe pitch. especi8lly by car, conlribules signrficanlty lo carbon emissions. Embodied Carbon.. The planned construction of the new Football Centre building will also generate subsianlial embDdied caTbon emissions. Sustainability Inilialives.. Wasle Reduction and Recyclillg.. The Management Company operating the 3G pllch has distributed free of charge re-usable drinks bottles and access lo lap N'4ater. Used plastic and glass drinks bottles are sent for reGyclin9. Energy EfFiciency'. A funding application submitted lo the FA plans for a swilch lo LED floodlighling. Water Conservation.. Tiber's grass pitch is a 3G artificial lurf pitch th81 does not require waler consumption or irrigahon systems. Susleinable Travel.. Tiber Young People's SleeTirkg Group undertook a travel survey and have planned a campaign lo en¢ovrage football players and speclalors lo use public Iiansportalion, walk. or Cycling lo the pitch. Biodiversity.. Tiber is actively involved in biodiversity iniliatives, such as planting trees, crealing habitats for wildlife. and promoting ils Forest School area. Food and Beverage- riber does not provide food or drinks.
TIBER COMMUNITY BUILDING TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Challenges anil Opportunities- The new Tiber Centre tIdIng cuttenlly under construction wll meel the requiiemenls of Part L Iconservallon ol fuel and powerl Building Regulations which came into for¢e on 15 June 2022. The regulation SÈI higher perfortnance largels - C02 emissM)ns are reduced 27 /0 for non-residenlial buildings and with a new emphasis on low carbon healing systems. The building will have an SBEM calcu181ion ol the energy performance. The SBEM calculation will then need lo be finalised al Ihe development as built stage end ar) Energy Performance Certificate {EPCI produced. A B ialing EPC summary certificate based on the SBEM calculation will be provitjed. In order lo achieve the B rating the building ivill be powered by eleclrictty only wilh the addilion of Pholovoltsic panels lo the roof. The Impacts ol the dr£inage ol the bullding on Ihe existing systems is via an attenuation lank. All light fitting where practicable wfll be on PIR sensors anii will be LED fittings. Large glazed areas allow for maximum daylight spaces lo activity rooms with reflective glazing, brise soleil and canopies lo minimise oveihEallng. Where practicable, material will be sourced via the Green guide. The external timber cladding will be FSC Forest Stewardship Council sourced. The outdoor event space will indude for a number of new trees lo the SFle offering natural shading. Measijring and Reporting.. There is 8 need for slandardised and Iransparent environmental reporting across Ihe loolball Industry lo track progress and identify areas for improvemenl. Strategic Action. A broad strategi¢ approath is needed. In addressing playeis and spectators travel. Collaboration and Leadershlp: The County Football Associations. along with citywide Clubs and venues need to work together lo develop and implement a more suslainabie foolball ecosyslem. Achievements and performance Significant activities and 8chievemenls agains( objectives The year March 2Q24 February 2025 has been Iransloimalive for fiber. with conlinued Pfogress on our £2.976m new facility, majoi youlh-led cullural projects. and slienglhened governance. Ovr young people have remained central lo every milestone, fTom curaling a national exhibition with Tate Liveipool lo welcoming HRH The Prince of Wales lo Toxtelh. Alongside public achlevements, the Board expanded ils capacity with new Directors. advanced long-lerm suslainabilily Ihrovgh finance ond investrnent planning, and developed the oiganisalion's Maslerplan for future growth.
TIBER COMMUNITY BUILDING TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 . The Threads That Blnd Us- Tate x Greenhouse Prolect From 22-28 August 2024. fiber young piodu¢er5 Guraled The Threads That Bind Us. a landmark exhibition delivered in parlnershlp with Tale Liverpool. The Gfeenhouse Projecl, Melquarter and Cricket Fashion. Through creative workshops wilh prtslessional artisls and designers - incfuding Neil Keallng. Milhila Ramagavigan, Benji Reid and Emma C2se- young people explored culture, idenlity, and power through fashion. culmlnaling in an exhibition al Melquarter. Impact & Recognition: Twenly-eighl pieces of media coverage reachlng 739 mlllion people, including BBC Northwest Tonight. ITV Granada Reptsrt.%. and Ihe Liverpool Echo. Young people reported "feeling famous- after seelng Ihemsetves on cily-cenlre posters. Winner of the LiveTpooI City Region Community Cohesion Awaid {Mafch 2025)- Tale Liverpool praised the collaboralion as "a brilliant p3rtnership" giving young people ownership of a high- piofile project. 2. Community Engagement- Festive Grolto 2024 On 21 December 2024, Tiber hosted ils annual FeslNe Grollo wilh support from Ihp Everyman Theatre, Livel Ev2rplay and Cash for Kids Misslon Ghrislmas. Ovei Iwo hundred lo¢al children Te¢eived free Pfesenls, fo(Ml. and aclivilies. Yovng producers deslgned decoralions and managed ever)1 delivery. Comn)unily feedback hhlIghted the event as a joyful and inclusive celebration. 3. Youth Voice and Leadership The Tiber Young People's Steering Gioup IYPSG) ntInued lo drive decision-making, ensuring youth perspectives shaped both creative projects and construction plans. Their achlevemei)Is rncluded: Co-pro(lu¢ing The Threads That n£4 Us and the Feslive Crolto. Taking parl in sile meetings wth archilecls Condy Lofthouse and contractors Krol Corlelt. Producin9 communi¢alions and social media conlenl lo engage the wlder community.
TIBER COMMUNITY BUILDING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 4. Construction of New Facilities Work progressed on the new Tiber Cen1re bvildiry, which WHI house eduGalion rooms. a café, changlng 14cililies 2nd a fuiiclion sulle. While construction slipped three weeks behinrf schedule by July 2024, oversight Vvas slrenglhened by the Youlh Inijeslmenl Fund's appointment of Turner Townsend as proje¢l monitors, alongside regular engagement fTom Tiber's leadership team. A landmark tnotnenl came In Januory 2025. when HRH The Ptince of Wales visited Tibei. He mel members ol the YPSG, toured the neiN lacilily. and learn-d how young people had led the piojecl from fundraising IhTougli lo design. The prince also mel community tnembers and children using tho adjoining foolbo11 cenlre, which engagès over 1,200 young people eaGh %veek. In addition to his vlsil, HRH The Prince of Wales kirKlly donaled towards furnishing Ihe new function room. This contribution will support the Grealion of a high-qualily, ¥ielcoming space for bolh community use and income eneralion: slrenglhening Ihe suslainabilily ol Ihe nevi fOGility. The visit brought national recognition and highlighted the iMpcrftaE of yOLFlh-led regeneration irk Toxlelh. Awards and Recognition Liverpool City Règion Community Cohesion Award (Winner. March 20251- The Threads Th818ind Us. National media recognition ofTiber's culiural aTrd community projects. Ro Ji al Visit by HRH The Prince of Wales (January 2025) - a tnilestone moment affirming Tiber's rolfj in youlh-led regeneration. Con¢luslon This year balanced public visibility viith behind-Ihe-s¢enes slrenglhenir59. Young people led nationally re¢ognised cultural prolecls. the Board expanded its capacity, and governance and finance stru¢lures were reinforced. Looking fon'iard, Ihe imminent completion of the new Tiber f3cililies will ueale a permanenl hub for learning, crealivily, and comFnunity life. Slaying liue lo our mission lo build vvorld dass lacililies that raise aspirations,. encourage and support young people 10 8chieve Iheir goals and gel the best out of life, fiber is well-posilioned io dellver world-class opporlunilies rooted in Toxlelh's comrr¥unity.
TIBER COMMUNITY BUILDING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Financlal revièw At the end ol the financial year IheTe was a balance of £3,292.374 on Ihe reslri¢led income fvrKls antj total funds, following 2 surplus *oi the year of £2,710.04012024'. £278.021 as restaled}- Key Performance Indicators Tiber uses a self.evalualion pr¢xess sel out 81 the beginning of each of ils projecls, this wocess uses a framework ofAims, Objectives. Indicalors and Targets against which progress is monttored. the impact of the vnrk is measured and 2reas for Improvement idenlifieis, Ihey ale tailored lo the speclfic needs and goals of fiber as deternined by the Young People's Steering Gioup and Board of Truslees. Aim. lo build world class facilities that raise asptralions.. encourage and sÈJpport young people in achieving their goals and getting the best out of life. Oble¢tlves.' Creale a slorey. fully aCssible building for locused youlh aclwlties with outdoor evenv performancelbaskelb311 space. located adjacent lo Tiber's 3G artificial turf pitch including: 3 flexible educalionl training spa¢es, cale and kitchen, 2 large group changing rooms with showeis and tollels, 1 individual changing room, disabled loilel, storage areas. a boot bank, loilels. office and reception. The upper floor, with stair and Itft access. will provide a large multi-purpose function room with partitions. a small stage, servery. office, disabled toilet and male and fèmale loilels. wilh viewng lerra¢es on the pilGh side and outdoor event side of the buildlng. Car patklng will allow for 32 spaces, 3 of which will be accessible bays. a Coach turning I pafklng area and bicycle stands are also included in the scheme. Indicators,. Budget adherence rimeline Management Safely Inciderils Quality Standards rarget; 2024-25 construction ol Youth Investment Funded Capi1818uild project.. cost including professional fees £3,069,470 Condy Lofthouse Archilecls were appolnled as Projecl Manager for the construclion of the YoEJlh Investment funded Tiber Centre. Quanliialive and Qualilalive informalion was galhered and shared in reports on progress al monthly meetings. The project came In on budget, bul with a ight lime d818y that was managed within Ihe agreed budget. Reseryes policy 11 is the policy ol the charitable company that unrestricted funds which have nol been designated for a specific use should be maintained al a level equivalent ID between three and six month's expenditure. The trustees consider Ihal Teserves al this level will etjsure Ihat, in the event of a significant drop in fur)ding, they will be able lo continue the charitable company's curront activities while ¢onsideralion is 9iven to ways in which ad4Jllional funds may be raised. ThSs level of reserves has been maintained throughout Ihe year.
TIBER COMMUNITY BUILDING TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 Majorrisks Revenue Income and Expendilvre streams have been calculated in a 5 year cash flow forecast in order lo eslablish Tiber project's economic feasibility- Capital Development Risks Key Rislf. Cost estimates are not aecurale and build costs exceed project income. Risk Miligallon,- A high level PTe-tender estimate for the building with an elemental cost breakdown coverlng all aspe¢ls of the project. Including inllalionary up-lifts has been prepared by a Quantity Surveyor. A 150A contingency has been included in Ihe builtling cost eslimale. Key Risk., Stakeholders reqtsesl late changes in designs Risk Miligation,. Pioduce Stakeholder Managemenl Plan and work collaboralively wÉlh Siakeholders Key Risk,. Delayed deliveries. problems wilh supply Chains Risk Miligalion,- Technology will be employed USiDg a Construction app lo wovide more data faster. Analyse what il scenarios for souice and delivery Key Risk,. Contraclor fails lo catry oul the works in accordance wlh the conlracl Risk Milig8lion.' Project Manager Ira¢ks progress, Archilecl inspects work againsl design spec Defect orders ire forwarded in real-time to Ihe responsiblg parties 21ong with a completion deadline and priority information. Key Risk,. Project Team conflicls Risk Mitigalion,- Risk workshops will be carried with 11?e project learn lo review risks already lisled and idenlify any n8wones as Ihey arise so Ihal Ihey Can be managed/miligated accordingly. Operational Rlsks Key Risk,- Lack of lake-up of facililies hire and participation in services and actniilles. Risk IAiligalion,- A separale Company (Tiber Enterprise) has been established and a license agreement made enlilling Tiber Enterprise lo operate fiber Centre and 3G Foolb811 pitch. This development is on a sile that is a community hub. where Ihere is a history of local people's participation, clear commilrnenl to delivering community sports activities and real buy-in lo Ihis Project from Ihe local Communily. T.Enls Marketing plan wll b& key lo ensuring that everyone knows what is being offered in terms ol how and when to gel involvod. Key Risk., Key staff membEfs leave. Risk Milig8lion,' Employment Terms and Condilion5 including remuneration are equivalent to other comparable posts. Training and Developmenl opportiinilies will be well planned and wnonitoied. fiber's superyision procedures will provide 36J degree communication for all staff and volunlee¥s. Project Team meelings will be held on a fortnighlly batsis with monlhly updates. progress visils and feedback eelings for TYPSG aNd bi-monlhly reports being provided lo the TIBER Board of Trustees. Structure, governènce and management The organisalion is a ¢harilable company. limited by guarantee, incorporated 4 February 2004 and registered as a charlly on 3 September 2008. The company wzs established under Ihe Memorandum ol Associatior) which established thè vljjetsls (ind powers ol the charilable company, and is governed under ils Atticjes of Association. The trustees, who are also thè direclors fof the purpose of company law. and who served during the year and up lo the dale of slgn2lure of the financial statements were.. MIBJDawe S Kamal Miss G Limani r C Norman COPSmilh Mr Teren¢e Barrigan Mr O S Okoro {AppoiTrted 2 July 20241 IAppoinled 2 July 2024 and r8signed 18 February 2025)
TIBER COMMUNITY BUILDING TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 RecnJitmenl and appointment of Imstees The directors ol the company are also ¢haiity Itustees for the purposes of charity law. None of the Iruslees has any beneficial interest in the company. All of Ihe Iruste65 are members of the company and guarantee lo conlribute £1 In the evenl of a winding up. Trustees of the charity are appointed by invilation from or application to the exisling Board of Trustees. No olher person or body is enlilled lo appoint a trustee. ALaditor In Èccordance with the company's articles, a resolution proposing Ihal James Hargreaves FCA be reappointed as auditor ol the Gompany w¢ll be pul al a General Meeling. The Iruslees, report was approved by the Board of Tiuslees. COPSmilh Trustee S Kamal Trustee Dale..
TIBER COMMUNITY BUILDING STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 28 FEBRUAR Y2025 The Iruslees, who are also the directors of fiber Community Building for the purpose of company law. are responsible lor preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Slandards {Uniled Kingdom Generally Accepted Ac¢ounts"ng PraGlice}. Company law requires the Iruslees lo prepafe financial slalemenls for each financial year which give a true and fBir view of the slate of affairs of Ihe charilable company and of the incoming resources and application of resources, including the income and expendilufe, of the charitable company for that year. In preparing Ihesg fin3ncial slalemenls, the Iruslees are required lo= seleGI suitable accountin9 policies and then apply them ¢onsiStenlly- observe the methods and principles in the Charities SORP., make judgements and eslimales ihal are reasonable and prudent., stale whether applicable LIK Accounting Slandards have been loll¢)wed. sublecl lo any material departures disclosed and explained in the Iinaacial slalemenls. and prepare the financial $18lemenls on the going concem basi5 unless il is inappropriate lo presume that the harilable company wll continue in operation. The Iruslees ale responsible for keeping adequate actounling records Ihal disclose with reasonable accuracy al any lime the financial position ol the charitable company and enable them lo ensure Ihal the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assels of the ¢haritable company and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities. 10-
TIBER COMMUNITY BUILDING INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF TIBER COMMUNITY BUILDING Opinion We have audited the financial slalemenls of Tiber Community Building (the 'chaTilable company'l for the year ended 28 Febnjary 2025 which compiise Ihe slalemenl ol financial activities. Ihe balance sheet, (he slalemenl of cash flows and notes lo (he financial slatemenls, including significant accounting policies. The financial reporiing framework that has been applied Én their preparation is applicable law and United Kingdom Accounting Slandards, including Financial Reporting Slandar(5 102 Jhe Financial Reporting Slandard applicable in Ihe UK and Rppublic ol Ireland IUnSled Kingdom Gènerally Accepted A¢counting Piaclice). In our oplnion, the financial slalemenls.. give a true and falr view of Ihe slale ol the charitable company's affairs as al 28 February 2025 and of its incom5ng resources and application of resources. for the year then ended: have been PToperly prepaied in accordance with United Kingdom Generally Accepted Accounllng Practi., and have been prepafed in accordance with the requirements of the Companles Act 2006. Basis for opinion We conducted our audit in accordance with Intemational StandaTds on Audiling IUKI {ISAs (UK)l and applicable law. Our responsibilities under those standards ale further described in the Audilofs responsibililies for Ihe audit ol the linancial slalements seclion of oui report. We are independent of the charilable company in accordance with the ethical requirements that are relevant lo our aLKlit of the financial slalemenls in the UK. induding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in a¢cordanee with these reqviremenls. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the f5nancial stalemenls. we have conduded thal the Ifuslees, use of the going concem basis of accounting in the preparalion of Ihe financial slalemenls is approprlate. Based on the work we have performed. ive have not identified any material uncertainties relaling lo events or conditions that, individually or collectively, Tnay cast significant doubt on the charilabie company's ability lo continue as a going Concern for a period of al least twelve months from when the financial slaletnenls are authtsrised for issue. Our responsibilities and the responsibilllies of the ITuslees WFth respect lo going concern are described in the relevant sections of this report. other information The other information compTtse5 Ihe information included in the annual report other than Ihe financial slalemenls and our audilorfs report Ihereon. The Iiusl8es are responsible for the other information wnlained within the annual report. Our opinion on the linancial slalemenls does not cover the other infornialion and we do not &xpres5 any form of assurance concluslon Ihefeon. Our responsibility is lo read the other information atKI. In doing so. consider whether the other informalion is materially inconsislenl wilh the financial 51alernenls or our knowledge obtained in the Gourse of the audit, or otheiSe appears to be materially misslaled. 11 we identify such material inconsislencies or apparent mateTial misslatemenls. we are required lo determine whether Ihis gives Tise lo a mÈlèrBI misslalgmenl in ihe financial slalements themselves. If. based on the work we have performed, we conclude that there is a material misslalemenl of this other inforfflalion. we are required lo report Ihal fact. We have nothing lo report in Ihis regard. Mattèrs ori which we are requlred to report by exception We have nothing lo repori in respect of the following matters in relalion lo which the Charities {Accounls and Reporisl Regulations 2008 requires us lo repoil lo you if. in our opinion-. the information given in (he financial statements is inconsislenl in any material respect with the IrusteEs' report., or sufficient accounlirTrg reGords have nol been kept- or the financial 51alemenls are nol in agreement with the accounting records- or we have not received all the information and explanalions we require lor our audil. 11
TIBER COMMUNITY BUILDING INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TIBER COMMUNITY BUILDING Responsibilities of trustees As explained more fully in the statement of twslees, responsibililies, the Iruslees. Iwho are also Ihe direelors of the charitable company for Ihe purpose of company13w,l are responsible lor the preparation of the financial slalemenls and foF being satisfied that they give a Iwe and fair view, and for such internal control as the Iruslees determinè is necessary lo enable the preparalion of finandal slalements that are free from material misslalemenl, whether due lo fraud or error. In preparing the financial slalements, Ihe Iruslees are responsible for assessing the charitable company's abilily lo continue as a going concern, disclosing, a5 applicable. mattels rel8led lo going concern and using the going concern basis of accounting vnless the ITuslees either intend lo liquidate the charitable company or to cease operations, or have no realistic aliernalive bul to do so. Audltorfs responsibilities for the audlt of the fFnancial statements We have been appointed as auditor under section 144 of Ihe Chaiilies Act 2011 and report in accordance wilh the Act and relevant Tegulalions made or having effect Ihereunder. Our objecllves are lo obtain reasonable assurance about whether the linancial slalemenis as a whole are Iree from material misslalemenl. whelher due lo fraud or error. and lo issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance bul is nol a guaranlee thal an audit conducted in accordance wlth ISAS IUKI will always delecl a material tlliS5tatemenl when it exists. Misstalemenls can arise from fraud or error and are considered material if. individually or in the aggregate. Ihèy could reasonably be expected lo innuence the e¢onomic decisions of users taken on the basis of these financial slalementS. The exlenl lo which our proceduies are capable ol delecling irregularilles. inclLFding fra(Jd, is delailed below. A further description of our responsibilities is available on the Financial Reporting Council's website al.. https.'l/ vw.frc.org.uklatsdiloisresponslbililies. This descriplion forms part of our audilorfs report. Other matters The comparative fr9ures have not been audited. Use ot our report This report is made solely lo the charitable company's members, as a body. in accordance with Chapter 3 of Part 16 ol the Companies Act 2006. Our audit work has been undertaken so Ihal we mlght slate to the charilaLle company's members those rnatters we are required lo stale lo Ihem in an auditor's report and for no other purpose. To Ihe fullest exlenl permllled by law, we do not accept or assume responsibility lo anyone other than the ¢harllable company and the charitable company s members as a body, (or our audit work. lor this report, or f Ihe opiniDns we have formed. J A Hargreaves (Senlor Statutory Auditor) For anol on behalf ol Hargreaves & Woods. StalulcAry Audilor Chartered Accountants Cholmondeley House Dee Hills Park Chester Cheshire CH35 Dote.. J2me5 Hargreaves FCA is eligible for appointment as audilor of the charilable company by virtue of ils eligibility for appointment as auditor ol a company under secllon 1212 of the Companies Act 2006. 12
TIBER COMMUNITY BUILDING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY2025 Restrlcted funds 2025 Restricted funds 2024 as restated Notes Income from: Donations and legaaes Charitable activities Investments 2.926.403 4.900 72 370,711 11,100 Total Income 2,931.375 381.811 Expenditure on". Charitable activities 221.335 103,790 Total expendlture 221.335 103,790 Net income and movement in fund5 2.710.040 278,021 Reconcillatlon ol fund5- Fund balances al 1 March 2024 582,134 304.113 Fund balances at 28 February 2025 3,292,174 582,134 The slalemenl of financial activities includes all gains and losses recognised in the year. All incoma and exp8ndilure derive from Gonlinuing aclivities.
TIBER COMMUNITY BUILDING BALANCE SHEET ASAT28 FEBRUARY2025 2025 2024 a5 restatèd Notes Flxèd assets Tangible asselg 12 3.203.802 573,639 Current assets Debtors Cash al bank and in hand 13 111,332 176,941 53,605 164.011 288,273 217,616 Creditors: amounts falllng due within one yoar 14 {199.901 } 1209,121) Net current 2sset5 88.372 8.495 Total assels less currant liabllltles 3.292,174 582,134 The funds ol Ihe charitable coffjpany Reslricle.d income lunds 16 3,292.174 582,134 3,292,174 582,134 The notes on pages 16 10 26 form part of these IinanGial slalemeDIs. The directors aGknowledge their responsibilities for complying with Ihe requirements of the Companies Acl 2006 with respect to accounting records and the preparation of financial slatements. These financial slalemenls have been prepated in accordance wilh Ihe provisions applicable to companie5 subject lo the small companies regime. The financial slalemonls were approved by thè ttuslees on . .3.: 2: 1.ozb COPSmilh Trustee CDmpany regislralion number 050361781England and Wales) 14-
TIBER COMMUNITY BUILDING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 28 FEBRUARY2025 2025 2024 Notes Cash flows from operating aGtlvltles Cash generated from operations 20 2.647,204 439,017 Investing activities Purchase of tangible re assets Investment income received (2.634,346) 72 (319.6681 Net cash used in investlng aclivities 12,634.274} 1319.6681 Net cash generated from financing activttie5 Net incréase In cash and cash equivalents 12.930 119.349 Cash and cash equlvalents al beginning of year 164.017 44.662 Cash and cash equivalents at Ènd ofyear 176.941 164,011 15
TIBER COMMUNITY BUILDING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Accounting policies Charity Inforniation Tiber Community Building is a public benefit enlily and a private company limlled by guarantee inGorporaltrd in Enoland and Wales. The regislered office is Tiber SITeel Sile. Lodge Lane, Liveq)ool. L8 OTP. 1.1 Basis of preparatlon The financial slalements have been prepared in accordance with Ihe charitable oompaay's govorning document, Ihe Companies AGI 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland" and the Charities SORP "Accounting and Reporling by Charilies- Stalemenl ol Recommended Praciice appli¢able to charities prepaiing their accounts in aGcordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102)" The charitable company is a Public Benefit Er>lily as defined by FRS 102. The financial statetnenls are prepared in sterling, which is the funclltsnal currenw of the charitablè company. Moneiary amounts in Ihese financial statements are rounded to Ihe nearest £. The financial slalemenls have been prepared under the hisloriGal cost convenlion. The principal accounting policies adopted are sel out below. 1.2 Going concern At the time of approving the financial slalemenis. the trustees have a reasonable expectation that the charitable company has adequate resources lo continue in operational existence for the foreseeable future. Thus the Ituslees continue lo adopl Ihe going concern basis ol a¢counling in preparing the financial slalemenls. 1.3 Charitable funds Unreslricle(J funds are available for use al Ihe discretion of the truslees in furlheran¢e of their charitable obleclives. Reslricled funds are subject lo specific conditions by donors OT granloTS as lo how they may be us8d. The purposes and uses of the reslricted lunds are set out in Ihe noles lo the financial slalemenls. Endoivmenl funds are svbjecl lo specific c4)ndilions by donors that the capital musl be maintained by the charitable company. 1.4 Income Income is feeognised when Ihe GharFlable company is legally enlilled lo il after any perfom)ance conditions have been mel, Ihe amounls can be measured reliably, and it is probJble that income will be iecèiv8d. Cash donallons ale OgnIsed on receipl. Other donation5 are recognised once Ihe ¢haiilable ¢ompany has beeii nolified of the donation, unless perfonnance conditions require deferral of the amount. Income lax recoverable in relation lo donations recei¥ed undef Gift Aid or deeds of ¢ovenanl És Tecognised at the Ilme ol tho donation. Legacies are recognised on Teceipl or olheThwse if the charitable company has been nolilied Df an Rnpending distribution, the amounl is known. and receipt is expe¢led. If ihe amounl is nol known. the legacy is Ire3led as a conlingenl asset. 16
TIBER COMMUNITY BUILDING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Accounting pollcies (Continued) 1.5 Expenditure Expenditure Is recognised once there is a legal or conslruclive obligalion lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefrts will be required in settlement, and the amotjnt of the obligation Can be measured reliably. Expenditure is cl8ssified by aclivity. The cosls of each activity a made up of the lolal of dir6£1 tosls and shared cosls. Including support Gos15 involved in undertaking each aclivily. DiTecl costs attributable lo a single activity are allocated directly lo that activity- Shared costs which conlribule lo more than one a¢livity and support costs which are nol attributable Io 8 single acl%vity are apportioned be8e those activities on a basis consistent with the use of resources. C8nlral staff Costs are allocated on Ihe basis of lime spent, and deprecialion charges are allocated on the portion of the assel's use. 1.6 Tangible fixed assets Tangible fixed assets are init¢ally rneasured al cost and subsequenlly measured at cost or valuation. nèl ol depreclalion and any impairmenl losses. Depreciation is recognised so as lo wrtle off the cost or valuation of assets less Iheir resldual values over their useful lives on the following bases- Freehold land and buildings Playground equipment Fixtures and fitbngs Portacablns No depTecialion 15.fi straight line 10 /<) slraighl line 150/0 Straighl line The gain or loss arisln9 On the dlsp05al of an asset is (ietermined as the difference between the sale proceeds and the carying value of Ihe asset. and is recognised in the statement ol financial 8clivilies. 1.7 Imp81rment of fixed assets Al each reportitFg end dale. the charitable company reviews the Carrying amounts of ils langible assets lu determine whether there 15 any indication that Ihose assets have suffered an impairmenl loss. If any such indication exists, the recoverable amount ol ihe assel is estimated in ordei to detemiine the extenl of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposils held al Call with banks. other sIr1.1erM Ilquld inveslmenls wllh original malurilies ol three months or less. and bank overdrafts. Bank overdrafls are shown within borrowings in currenl liabilities. 1.9 Financial Instrumènts The charitable company has elected io apply the provisions of Section 11 'Basic Financial Inslrnmenls, and Section 12'01her Financial Ir)strumenls Issues. ol FRS 102 10 all of ils financial instruments. Financial instruments are recognised in Ihe chaTltable company's balance sheet when the charitable company becomes party lo the conlraclual Provisions ol the Trnslrument. Flnancial assets and liabilities are offset, with the nel amounts presented in the financial slalemenls, when there is a legally enlorceable right lo sel off the recogni5ed amounts and Ihere Fs an intention lo settle on a nel basis or lo reallse the assel and settle the liability simultaneously. 17
TIBER COMMUNITY BUILDING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Accounting policles Icontlnuedl Basic linancial assets Basic financial assels, which Include deblors and cash and bank b31anoes. are initially measured 21 transaction price including IransaclioTI cosls and are subsequenlly carried al amortised cost using the effeclive interest method unless the arrangemenl conslitules a financing Iransaclion, wheie the transaction is me8sured al the present value of the future receipts discounted al a markel rale of inleresl. FinanGial assets lassified as receivable within one year ale not amortis. Basic financial Ilabilities Basic financial liabililiets. incluijing crediloTS and bank loans are initially recognised al Iransaction PTIC? unless the arrangement ¢onslilules a financing transaction. where the debt inslrumenl is measured al the present value of the fuluTe payments discounted al a maTkel rate of interesl. Financial liabllilies classified as payable within one year are not amortised. Debt instruments are subsequenlly carried al amortised cosl, using the effective interest rale method. Trad6 creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as Current liabilities If payment is due within one year or less. If nol. Ihey are presenled as non-CUenI liabilities. Trade creditors are recognised in51ially al transaction price and subsequenlly measured at amortised cost using Ihe effeclNe interest rnelhod. Dere¢ognitlon of financial Ilablllties Financial liabilities are derecognised when the charitable company's contractual obligations expire or are discharged or canlled. 1.10 Employee beneflts The cost of any unused holiday entillemenl is recognised in the period in whiGh the employee's services are received. 1.11 Retiromei)t benefits Payments lo defined contribution ieliremenl benefit sthernes are charged as an expense as they fall due. Critical accounting estimates and Judgemenls In the application of the charitable company's accounling pollcSes. Ihe Iruslees are required lo make judgements, eslimales and assumptions about the carryin9 amount of assets and liabilities that ale nDt readily apparent from other sour¢es. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptlons are revieiyed on an oOIg basis. Revislons lo accountin9 esllfflales are recognised in the period in ivhich the estimate is revised where the revision affects only that period, 01 in the period of the revision and future periods where Ihe revision aflecls bolh currenl and futur6 periods. 18-
TIBER COMMUNITY BUILDING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Income from donatTons and lègacies Restricted funds 2025 Restrl¢ted funds 2024 as restated Donallons and gifts Grants 23.650 2,902,753 21,275 349,436 2,926.403 370,711 Donations and glfts Donations 23.650 21.275 23,650 21,275 Grants Youth Investment Fund LCC Communily Foundalion 2,877,345 4,743 20.665 338.936 3,000 7,500 2.902.753 349,436 Income from charitable activitigs Re5tricterJ funds 2025 Restricted funds 2024 as restated Charitable activities Sale of licences 4.900 11.100 Income from investments Restricted fund5 2025 Restricted funds 2024 Interesl receivable 72 19-
TIBER COMMUNITY BUILDING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Expenditure on charitable actlvities Restrlcted funds 2025 RestrictÈd funds 2024 as restated Dlrect costs Staff costs Depreciation and impairmenl Project resources Rent & rates Light & heal Repairs & fflalnlenance Legal & professional fegs Website Costs Insurance Other oftice cosls Adminislralion 95.773 4.184 19,289 11.575 28.792 1.843 4,190 3,687 11,724 2.831 20,368 26.488 3,810 16,704 2,980 40,342 1,595 198 1,500 2,115 88 5,967 204.256 101,187 Share of support and goveTnance Costs (see note 7) Governan¢8 17.079 2.603 221.335 103,790 Analysis by fund Reslricled funds 221,335 103,790 Support costs allocated to a¢tlvltle5 2025 2024 Governanc8 wsls 17,079 2,603 Analysed between: Reslrlcled funds 17,079 2,603 2025 2024 Governance ¢osts comprlse: Audit lees Accountancy Independent examination fees 15.000 2,079 340 2.263 17.079 2,603
TIBER COMMUNITY BUILDING NOTES TO THE F5NANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Not movement in funds 2025 2024 The nel movement in lunds is staled after chargingl(ctÈdilingl= Fees pay2ble for the audil of the ¢haiiVs financial statements Depreciallon of owned tangible fixed assets 15,000 4.184 3,810 Triistees lone of the l¥ustee- lor a-, I'.-. rsons connected wilh them) recikived any refftuneralion or benefits from the charitable company during the year. One of the Iruslees and Ihe CEO received re-imbiiisemenl for expenses incurred on behalf ol the chaiilable company in the year with a lolal of E4.705. The expenses were lechnology purchases and furlher èxpÈnse5 incurreci lo support safeguarding compliance, programme suppori and delivery, operational communications, youth eiigagemenl aclivilies cind Ihe adniinistralive needs of the charitable cotnpany. EmployÈès The average monthly number ol employees during the year was: 2025 Numbbr 2024 Numbèr 10 Employment cosls 2025 2024 Wages and salaries Social security costs Other pension cosls 87,911 7,416 446 24.197 2.150 141 95.773 26,488 There weio no employees whose annual rewnuneration was more than £60,000. 11 Taxation The charily is exempl from taxation on ils activities because all ils income is applted for charitable purposes. 21
TIBER COMMUNITY BUILDING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 12 Tangible fixed assets Freehold land Playground Fixturès and Portacabins and butlding$ equiptneJ¥t riltinus Total Cost Al 1 March 2024 Additions 545.069 2.631.022 38,095 4.695 3.324 19.088 606,947 2,634,346 At 28 February 2025 3.176.091 38,095 8,019 19,088 3,241.293 Depreelation and Impalrment At 1 March 2024 Depreciation charged ifi the year 9.524 3,810 4,695 374 19,088 33,307 4.184 At 28 February 2025 13.334 5.069 19,088 37,491 Carrying amount Al 28 February 2025 3.176.091 24.761 2.950 3.203,802 At 29 February 2024 545.069 28.570 573,639 A legal charge has been secured against the land and buildings Included in the fixed assets by The Secrelary of Stale for Ciillure, Media and Sport in relation lo Grants provided in support of (he developtnenl of the buildlng. This legal charge involves restrictions and covènants on Ihe use of the building and land for fifteen years form the dale ol the chaige on 23 January 2025. 13 Debtors 2025 2024 as restated Amounts falling tlue within one year: Other debtors Prepayments and accrued inGome 108.195 3,137 53,048 557 111,332 53,605 14 Credllors: amounts falling due within one year 2025 2024 as restated Other taxalion and social security Trade creditors Accruals and defeired income 3.360 169,045 27.496 1.906 205,640 1.575 199.901 209.121 -22-
TIBER COMMUNITY BUILDING .'ThTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 15 Retirement benefit schemes 2025 2024 Defined conlributlon schemes Charge lo profil or loss in respect of defined conliibulion schemes 446 141 The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those ol Ihe charilabie company in an independently administered fund. 16 Restricted lunds The reslricled funds ol the charily comprise tha unexpended balances of donations and grants held on tru51 subject lo specific conditions by donors as lo how Ihey may be use(J. At 1 March 2024 Incomin9 Resources At28 resources expendedFebruary 2025 General fund Revaluation reserve 357,134 225,000 2,931.375 {221,335) 3,067.174 225.000 S82.134 2.931.375 1221.3351 3.292,174 Previous year: At 1 March 2023 Incoming resourres as restated Resources At29 expeiidedFebruary 2024 s reslaled as restated General fund Rev81ualion reserve 79.113 225,000 381.811 (103,7901 357,134 225,000 304.113 381.811 103,790 582,134 17 Analysis of net assets bètween funds Restricted funds 2025 At 28 February 2025: Tanglble assets Current asselsllliabililies) 3,203,802 88,372 3,292,174 -23-
TIBER COMMUNITY BUILDING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 17 Analysls of net assets between funds {Contlnuedl Restricted fndS 2024 At 29 February 2024- Tangible assets Current asselsllliabililies) 573.639 8,495 582.134 18 Relatèd party fransattlions Transactions with relateil parties During the year the charitable company entered into the following Iransaclions with ielaled parlies.. During Ilie year. the cotllP8ny received a loan from Ihe company secretary, Ms D Wright. who is also the se¢relary and CEO of the company. The loan made during Ihe year to the cofflpany was for £6.000 and is in addition lo previous 103ns made by her of £11,757 in previous yeais. The balance OWif)g lo Ms W¥ight al the year end was £17.757 which is interest Iree and ¥epayablè on demand. 19 Limlled by guarantee Tiber Communily Building is a company limited by guar¥nlee and accordingly does not have a shale capital. Every Inember of the company u[ertakeS to LotFlribule such amount as may bo requlred i)ol exceeding 21 10 Ilie assets ol (he charitable Company In Ihè ev2nl of ils being ivound up vihile he OT She 15 a membei, or wilhin one yeaT after she ceases lo be a fflerRbei. 20 Cash generated from operations 2025 2024 Surplus for the year 2.710.039 278.022 Adjustmenls for: Investment income recognlsed in slalemenl of financi21 aclivilies Depreciation and impairment ol langible fixed assels {721 4.184 3,810 Movements ill Working Capital: Ilncreasel in debtors IDecreasellincrease in credilors 157,7271 {9.2201 139.2991 196,484 Cash generated from operatlons 2,647.204 439.017 24-
TIBER COMMUNITY BUILDING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 21 Analysls of changes in net funds The charitable company had no material debt during Ihe year. 22 Prior pèrlod adjustment Changes to the balancè sheet At 28 February 2024 As previously Adjuslment reported As restated Fixed assets Tangible assets Current asset5 Bank and cash Credltors due wlthin one year Taxallon Other creditors 495.882 77,757 573,639 (31,778} 195.789 164,011 11.9061 (193,883) (1,9061 (207,2151 113,332} Net assets 504,377 77,757 582.134 Capital funds Income funds Reslri¢led funds 504.377 77.757 582,134 Total equity 504.377 77,757 582.134 Changes to the profit and1055 account Period ended 28 February 2D24 As pVIouslY Adjustfftenl As restaled rèported Charilable activities 181,547 {77.757) 703,790 Nel Movement in lurbds 200.264 77.757 278.021 25-
TIBER COMMUNITY BUILDING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2025 23 Reasons for Prior Year Adjustmehts During the course of Ihe aiidlt for the current year. cosls that had been pieviously Tecorded in profil and loss accovnl have been identified as Capital expenditure in the pievious year and have therefore been ieclassified and Ihe previous year financ¢al 51alemenls have been restated. The currenl year audit additionally identified cut-off eirois regarding the bank account and trade creditors and laxalion credilots such Ihal this required reslalement and reclassification of amounts reported In the previous year. The effeols ol the above restaletnents are shown In note 22 of Ihese financial slalemenls. -26-