DOgTh Envelope ID.. SCF6422E_FA844C43-8E.F5FD88c16DS PORCHFIELD COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 Charity Registration No. 1128331
Docuslon Envelope ID.. BeF6422E_FA4c43-BE8-FD5FDs8C16Ds PORCHFIELD COMMUNITY ASSOCIATION CONTENTS Page Trustees, Annual Report Independent Examiner's Report Staternent of Financial Activities Balance Sheet Notes lo Ihe Financial Statements
Docu$ign Env¢lopg ID.. BCF8422E-FA844C434EA3-FD5FD88C16D5 PORCHFIELD COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 ST The trustees are pleased to present their annu21 report for the year ended 31 $t March 2024. The financial stalemenls have been prepared in accordance wilh the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Slalement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published IFRS 1021 (effective 1 st January 20191. OBJECTIVES AND ACTIVITIES To promote the benefit of the inhabitants of Liverpool Housin9 Trust properties and the neighbourhood together defined as the Heys Estate, Croxteth, Liverpool 11 and other neighbouring areas, known as Croxteth. Gilmoss and Norris Green without distinction of sex, sexual orientation, ra or of political, religious or other opinions. by associating together the said inhabitants and the local authorities, voluntary and other organisalions in a common effort to advan education, to protect health. relieve poverty, distress or sickness and to provide facilities in the interest of social welfare for education, recreation and leisure time occupation with the objecl of improving the conditions of life for the said inhabitanls. b. To maintain and manage the Porchfield Community Centre and the same whether alone or in co-operation with Liverpool Housing Trust or other person or body in furtherance of these objects. To promote such other charitable purposes as may from time to time be delemiined. Public Beneflt In considering the objectives and activities, the Trustees have considered the Charity Commission's guidance on Public Benefit to ensure that the organisation is meeting its Public Benefit requirements. ACHIEVEMENTS AND PERFORMANCE Our aims are to improve Ihe heallh, wellbeing, and quality of life of older people in Croxteth and surrounding areas in Liverpool through a programme of activities thal are chosen by our beneficiaries, planned. and delivered by Irustees, volunteers. and partners and managed by our Project Coordinator. This results in older people feeling included. valued and enables to develop their skills and knowledge. We are embedded within our community, have provided support to our beneficiaries since 2001 and are seen as their first point of contact to them, many whom have a range of medical problems i.e. dementia. heart problems, poor mobility etc. We have continued lo receive a steady room hire income from our Dance School and Dementia- Hub. During this past year we now facilitate room hire to a Church Group and another Dementia organisation (Leigh Moss Memory SeNicel, this will increase our room hire income by 188°/. each week, making it possible for us to generate a sufficient income to achieve some level of financial independence, especially considering we are still in the Cost of Living Crisis. Also, we have continued to establish our programrre of activities further this year as we have been able to secure further fLJnding and donations from the Awards for All, LCVS, Liverpool City Council, Sports England, Elizabeth Ralhbone Foundation etc and been able to deliver new activities i.e. Jewellery Making, Zumba Gold, Ballroom Dancing, Salsa Dancing, Tai Chi etc.
Do¢u$ign Envew ID". B¢F8422E-FA844C43-8EA&F05FD88C16D5 PORCHFIELD cof¥lMUNITY ASSOCIATION TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31- MARCH 2024 From 2023 to 2024, we received a total of 10,660 visits to our Centre which averages out to 205 visits a week and from this we reiVed 120 new (increase of 20 % from last yearl uniqLJe people who have benefited from our activities and services. 136 new older people ofour community have 8 sense of reduced isolation and feel part of the mainstream community through involvement in our activities. 2. 136 new older people of our community have improved mentallphysical health through participation in our activilies. 3. 103 new older people have improved economic circumstances through participation in welfare rights advice and learning programmes. 4. 6 new Local residents will develop skills and knowledge through involvement in the volunteering scheme that will enable them to deliver a quality service for the community. Activities that contribuled to reducing isolation and increasing social inclusion included jewellery- making, splash-art, quiz nights, flower arranging, craft, card making, sewing classes, day trips, bingos, social evenings, tea afternoons, coffee and chat, plays and Christmas carol concert, working with our local Croxtelh community choir etc. Activities thal improved their physicallmental health Gomsisted of tai chi, ballroom and salsa dancing, Zumba gold, line-dancing, yoga and meditation, calligraphy. history, painting classes, holistic-therapies, working in partnership with Croxteth Nutrition Group enabling users to have a full body MOT, educatinglsupporting them to achieve a healthier lifestyle and with Dementia Action, delivering activitieslservices lo people wilh dementia and their families and a health and wellbeing course delivered by Imagine Independence, offering Peer SupportlPeer Mentoring service offers people experiencing menlal health issues the tools to improve their mental wellbeing ihrough social indusion, mutual support and healthy living. We also assisted with improving their financial income through our digitallcompuler training courses, heallh-cooking Classes {learning how to cook on a budget). Working in partnership with Healthy-Homes, a government scheme Ihal offers help with keeping warni this winter, offering Winter-Warmer-Packs which contain thermal clothing, blankets and boiler repair or replacements and assistance and how to apply for discounts or support for energy-bills. We have also continued our partnership with Fareshare and able to give food parcels out each week to our service users. also incorporating what food we receive in our heallhy-cooking classes. Also. service users have been informed with how to applyfor POA, how to make a Will, inheritance tax working in partnership with Silver time Lega5. We have continued to develop partnerships with organisations who share the same aims as us, who support our activities and service programme, i.e. Imagine Independence praviding free Health and Wellbeing courses, which offers peer support and peer mentoring service offering people the experien of mental health tools to improve their mental wellbeing Ihrough social inclusion, mutual support and healthy living. In total during the period of this funding 327 direct vulnerable older people benefited directly and by continuing lo develop partnerships with organisations who share the same aims and working closely with local GPSIClinics, promoting social-prescribing, making our programme of actimties available to the hard-to-reach beneficiaries, since July 2023 33Q/o of our new-users have been signposted Ihrough these partnerships.
Docuslgn Envelope ID. BcFS422EA644¢4&6EA3-FD5Fo88cl6s PORCHFIELD COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 ST During this past year, the Cosl-of-Living-Crisis as continued and we have seen a lol of our service users struggle, with this we decided lo renew our membership with Fareshare, so that we can continue lo assist giving food parcels each week. We have also applied to our organisations who offer free food i.e. the Neighbourly Food Redistribution Programme, as we have seen the impact that these food parcels are making. We have continued to keep our class fees as low as possible and offered free activities i.e. we delivered a Christmas Dinner to 60 of 55 assist our service users in this current climate. Also during the past year, we have seen a lot of service users using our computer facilities as the DWP wants all claimants by the end of 2024125, the DWP plans to migrate onto Universal Credit everyone getting.. Income Support. income-based Job Seeker's Allowance. Housing Benefit, this has affected 21.10 of our service users We have continued to tackle the ongoing rise of fuel poverty in our area, with Healthy Homes and the LCC providing advice on their bills, cheaper tariffs and signposting them on to CAB where they can assist with finically with their bills and apply for fuel grants on their behalf. We would also like to Ihank the Henry Smith Foundation, Liverpool Charity Voluntary Services, the Hemby Trust, Awards for All Ihe National Lottery Community Fund, West Derby Waste Lands Charity, Liverpool City Council, Eleanor Rathbone Charitable Trust, The ACC Liverpool Group Foundation, Liverpool VCFSE Health and Wellbeing Fund, Sports England and Enterprise Credit Union etc all of whom have assisted with funding for our project and running costs over the past year. Lastly, we would like to thank our delivery partners have included over the past year. the. Alt Valley Community, Cobalt Housing, Onward Housing, Liverpool City Council, Healthy Homes, Demelia Action Liverpool and Fareshare, whom we are most grateful to them for all their contributions and commitment for working in partnership with us. We will plan keep securing fvnding to run this project to keep our activities and services running and reaching out to the hard to reach by facilitating programme runs every 24 months to all our target area homes and organisation i.e., local GP'S, Liverpool NHS, Clinics etc and olher organisation's that share the same aims and aspirations as us. The Community Association will also try to endeavour to inlroduce as many of the activities as requested, especially more health, educational related classes that will enable people to cope better with their physical and mental health and wellbeing. FINANCIAL REVIEW Total income forthe yearwas £88,09212023'. £91,686) ofwhich £61,590 {2023: £72,730), related to funding for projects upon which restrictions are placed. Total expenditure for the year was £75,524 12023.. £92,502), leaving a surplus for the year of £12,568 {2023.' deficit £816). At 3181 March 2024 the charity's reserves stood at £75,34312023= £62,775) of which £21,357 {2023'. £20,687) represented restricted funds RISK MANAGEMENT The main risks lo the charity as identified by the Trustees have been considered and systems have been established to mitigate those risks.
Docusion Envek)pe IO.. BCF6422E_FA844C43-8EA3-FD5FD88C16D5 PORCHFIELD COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 ST RESERVES POLICY It is the policy of the charity to maintain unrestricted funds at a level to cover redundancy provision and three months, running costs should no further funding be received. As at the end of the financial year the unrestricted funds totalled £53,986 less designated sinking fund of £31,505 leaving a balance of £22,481. The charity requires £12,346 for redundancy provision and £3,651 for three months, running costs, (tot21 £15,997}. PLANS FOR THE FUTURE We will plan keep securing funding to run this project to keep our activities and services running and reaching out to the hard to reach by facilitating programme runs every 2-4 months to all our target area homes and organisation i.e., local GP'S, Liverpool NHS, Clinics etc and other organisation's that share the same aims and aspirations as us. The Community Association will also try lo endeavour lo introduce as many of the activities as requested, especially more health, educational related classes that will enable people to cope better with their physical and menlal health and wellbeing. Once again, we would like to express our thanks to everyone who has been involved in making our Community Centre such a successful pla and hope thal our future will be just as productive. Porchfield Community Centre is a pla to come and learn, so¢ialise with old and new friends and a Community Centre to be proud of. We hope we can carry on achieving more goals bringing new activities, events, and new fa$ to our centre. STRUCTURE, GOVERNANCE AND MANAGEMENT Porchfield Community Association is a registered charity, number 1128331 registered on 2nd March 2009. The Governing Document is a constitution adopted on 11 February 2004 as amended on 24th October 2011 and 22nd February 2017. The charity operates a community centre in Liverpool. The centre is managed by a volunteer Community Association of local residents, volunteers and a Centre Manager. The Centre Manager is responsible for the recruitment and training of prospective and present volunteers and our Centre has all neSSary policies and insurances. The Community Association has a dedicated team of volunteer trustees who are very generous with their time ar)d commitment providing invaluable service to our community. REFERENCE AND ADMINISTRATIVE DETAILS Name Porchfield Community Association 1128331 Charity Nurnber Address & Office Porchfield Close Liverpool L119DT
PORCHFIELD COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Trustees During the year members of the Board of Truste8s were as follows: J Davidson A M Earwaker J Huxley A Lavelle C O'shea P O'shea Ying Huang ACCA clo LCVS 151 Dale Street. Liverpool, L2 2AH Lloyds TSB, 26 Broadway, Norris Green, Liverpool L11 1DA Independent Examlner Bankers Signgd on behalf of the Trustees os C O'shea Truste8 Date
Docuslgn Envelope ID.. BCF8422E-FA844C434EA&FD5F088C16D5 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PORCHFIELD COMMUNITY ASSOCIATION I report on the accounts of the charity for the year ended 3151 March 2024 which are set out on pages 7 10 19. Res ective res onsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trLJStees consider that an audit is nol required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibilily lo.. examine the accounls under section 145 of Ihe Charities Act, to follow the procedLJres laid down in the general Directions given by the Charity Commission {under section 145{5}{bl of the Charities Act, and to state whether particular matters have come to my attention. My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of Ihe accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees Conrning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'lrue and fair, view. and Ihe report is limited to those matters set out in the statement below. Basis of inde endent examiner's statement In connection wth my examination, no matter has come to my attention.. Inde endent examiner's statement {1) which gives me reasonable cause to believe that in any material respect the requirements.. lo keep accounting records in accordan with section 386 ofthe Companies Acl 2006; and accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Stalemenl of Recommended Practice.. Accounting and Reporting by Charities have not been met., or {2) to which. in my opinion, allention should be drawn in order to enable a proper understanding of Ihe accounts lo be reached. Name.. Ying Huang Relevant professional qualifi YYtJ2ty.' ACCA Address.. c/0 LCVS 151 Dale Street, L2 2AH 1127/2025 Dated=
Docusign Envelope ID.. BCF6422E-FA844C43-8EA34D5FD8ec16D5 PORCHFIELD COMMUNITY ASSOCIATION ST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Notes Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Tota Funds 2023 Income and endowments from: Donations Charitable activities Investments 2a 2b 943 24,089 1,470 943 85,679 1,470 61,590 91,154 532 Total income 26.502 61.590 88,092 91,686 Expenditure Charitable Activities 14,604 60,920 75,524 92,502 Total expenditure 14,604 60,920 75,524 92,502 Net incomellexpenditure), net movement in funds 11,898 670 12.568 (816) Total funds brought foNard 42,088 20,687 62,775 63,591 Total funds carried forward 53,986 21,357 75,343 62,775 The notes on pages 9 10 19 form part of these accounts. All the above amounts relate to continuing activities of the charity.
PORCHFIELD COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31- MARCH 2024 Notes 315t March 2024 $t 31 March 2023 Flxed assets Tangible fixed assets 5,019 6,543 Current assets Debtors Cash at bank and in hand 31.671 39.608 28,392 28,720 71,279 57.112 Current Ilabilities Creditors.. amounts falling due within one year (955) (880) Net current assets 70.324 56,232 Total a5S8ts lès5 current Ilabllltles 75,343 62,775 Funds: Unrestricted funds Restricl8d funds 53,986 21.357 42,088 20.687 75,343 62.775 Approved by Truste85 on ..2..4.. ! . c oskn. C O'shea . TNste8 A M Earwaker, Trustee
DoSign Envelope ID.. BCF64?2E_FA844c434E_FDsF88c16DS PORCHFIELD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST 1. Accounting Policies Basis of accounting The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 {SORP 2019) (effective 1st January 20191 and Charities Act 2011. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention with ilems recognised at cost or Iransaction value unless otherwise slated in the relevant notels) to these accounts. The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going concern At the time of approving the accounts, the Trustees have plans in pla to increase the required level of unrestricted reserves to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the charity's free reserves available for the Irustees to apply in accordance with the charity's objectives. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. Fixed Assets Capital expenditure of £200 and above is stated in the balance sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its expected useful life as below.. Computer Equipment Fixtures & Fittings Other Equipmenl Income recognition All income is recognised once the charity has entitlement to the income, there is sufficienl certainty of receipt and so it is probable that the income will be reIved, and the amount of income receivable can be measured reliably. Donations and legacies comprise of donations and general grants which are recognised in the accounts when received, with the exception of known legacies which are accounted for when their receipt is certain. Income from charitable activities is recognised on an accrual's basis except for grants receivable. which are recognised on Ihe date on which their unconditional payment is confirmed by the donor. Income from investment relates lo bank interest received from the sink fund and is reGognised when the amount is certain. 20Q/o per annum reducing balan method 25,/0 per annum reducing balance method 200/0 per annum reducing balan method
Enveknw SD.. BCF6422E-FA844C4&sE.FnsFO88clfjDs PORCHFIELD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST Expenditure recognition Liabilities are recognised as soon as there is a legal or conslructive obligation committing the charitable company to that expenditure, it is probable that settlement will be required. and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governan costs. are allocated or apportioned to the applicable expenditure headings in the Stalemer)t of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relate to the operation of the charity comprising of direct charitable expenditure to meet Ihe objectives of the charitable company. Support and governan costs relate to the management and operation of the organisation and also Gompliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charitable company. Cash and cash equlvalents Cash and cash equivalenls include cash in hand, deposits held at call with banks, other short- term liquid investments with original maturities of Ihree months or less, and bank overdrafts. Financial instruments The chariiy has elected to apply the provisions of Seclion 11 'Basic Financial Instruments, and Section 12 '01her Financial Inslrumenls Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the presenl value of the future receipts discounted 8t a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities Classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. io
(SvJn ID.. BCFé422E-FA84-4C4&8EA3DSFO8BClsD5 PORCHFIELD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgernents, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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 estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governan costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Cost of charitable activities relate to the operation of Ihe charity comprising of direct charitable expenditure to meet the objectives of the charity. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Aclivilies when payment has been approved by the charity Taxation Income and gains are exempt from laxation as they are received and applied for charitable purposes only. The charity benefits from various exemptions from taxation afforded by tsx legislation and is not liable to corporation tax on income or gains falling within those exemptions. The charity is not able to recover Value Added Tax. ExpendilLJre is recorded in the accounts inclusive of VAT. 2. Income and endowments from Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Donations and legacies Donations 943 943 Donations income for 2023 related wholly to unrestricted funds.
Docu$ign Envelope ID." BCF6422E-FA844C4&8EA3_FD5FD88C16D5 PORCHFIELD COMMUNITY ASSOCIATION ST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 b. Charitable activities ACC Liverpool Group Foundation Activities Income Barchester Charitable Foundalion Big Help Project Grant Citizen Advice Household Support Fund Cobalt Housing Community Foundation for Merseyside Eleanor Rathbone Charitsble Trust Hemby Charitable Trust Henry Smith Charity Henry Smith Foundation LCVS Community Impact Fund Liverpool VCFSE Health & Wellbeing Fund Merseyside Recycling and Waste Authority National Loltery Awards for All Queens Platinum Jubilee Activity Fund Room Hire Skelton Charity Sports England United Way Give Local West Derby Wastelands 500 500 15,029 15,029 18,424 1,000 700 1,250 1,250 500 2,000 5,000 1,500 37,400 1,500 37,400 29,700 3,300 9,800 3,300 9.800 9,800 7,430 10,000 3,600 9,060 9,060 1.500 5,340 1,500 1,000 5,340 1,500 1,000 1,500 24,089 61,590 85,679 91,154 Income from charilable activities in 2023 comprised £18,424 for unrestricted funds and £72,730 related lo restricted funds. . Investments Bank Interest 1,470 1,470 532 Investment income for 2023 related wholly to unrestricted funds. 3. Expenditure on: charitable activities Direct Support & Charitable Governance ExpendSture Costs Total 2024 Total 2023 To provide facilities to help with social welfare, education and recreation and leisure lime 50,948 24.576 75,524 92,502 12
DoDJsign Envek>w ID." BCF6422E-FA84-4C4&8EA3-FD5FD88C16D5 PORCHFIELD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST a. analysed as follows.. 2024 2023 Direct charitable expenditu.. staff salary costs Tuition fees Activity costs Equipment Building running costs Catering Volunteer expenses Donation 15,687 17,510 6,766 188 4,910 1,488 4,399 16,999 21,469 17,337 254 5,353 2,017 5,027 30 50,948 68,486 Support & governance costs." Staff salary costs Office costs Travel expenses Training DBS fees Insurance Payroll fees Accountancy Loss on Disposal of Fixed Assets Depreciation 15.072 4,181 1,598 220 12,823 4,152 2,925 256 28 923 352 880 17 1,660 613 413 955 1,524 24,576 24.016 Total expenditure on charitable activities 75,524 92,502 £60,92012023'. £72,793) of the above expenditure is restricted expendilure b. Slaff Costs 2024 2023 Gross wages and salaries 30,759 29,822 Particulars of employees.. The average number of employees during the year 1 {2023.' 1), and calculated on the basis of full-time equivalents, was as follows.. 2024 2023 Charitable artivities No employee received emoluments of more than £60,000 during the year (2023.. Nill. 13
Docusign EnV8k) ID.. BCF6422E-FAw4¢43-8EJ-FDsFD8SCIeD5 PORCHFIELD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST The Trustees are not remunerated for their services and are not included in the above number of employees. No out-of-pockel expenses were reimbursed to trustees in the year 4. Tangible flxed assets Computer Fixtures other Equipment & Fittings Equipment Total Cost Balance at 1st April 2023 Additions in the year 2,290 8,451 4,128 14,869 Balance at 31SI March 2024 2,290 8,451 4,128 14,869 Depreciation Balance at 1°, April 2023 Charge for the year 708 316 4,138 1,078 3,480 130 8,326 1,524 Balance at 31$1 March 2024 1,024 5.216 3,610 9,850 Net book value at 31 March 2024 st 1,266 3,235 518 5,019 Net book value at 31 st March 2023 1,582 4,313 648 6,543 5. Debtors 2024 2023 Prepayments Other Debtors (See note 8) 166 31,505 308 28,084 31,671 28,392 6. Creditors.. amounts falling due wlthln one year 2024 2023 Accruals 955 880 14-
DorJJsign Envelope ID.. BCF6422E-FAw4C43-8EA3DSFD88C16D5 PORCHFIELD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST 7. Analysis of net assets between funds 2024 Tangible Fixed Assets Net Current Assets Total Unrestricted Funds General Fund Designated Fund - Sinking Fund 916 21,565 31,505 22,481 31,505 916 53,070 53,986 Restricted Funds Henry Smith Charity Henry Smith Foundation Independent Age LCVS Community Impact Fun Liverpool VCFSE Health & Wellbeing Fund Sport England United Way Give Local 367 1,778 1,958 6,304 6,671 1,778 1,958 1,100 5,010 4,390 450 1,100 5,010 4,390 450 4,103 17,254 21,357 Totals 5,019 70,324 75,343 2023 Tangible Fixed Assets Net Current Assets Total Unrestricted Funds General Fund Designaled Fund - Sinking Fund 1,200 12,804 28,084 14,004 28,084 1,200 40,888 42,088 Restricted Funds Henry Smith Foundation Henry Smith Charity Foundation Independent Age Liverpool VCFSE Health & Wellbeing Fund Masonic Charitable Trust National Lottery Awards for All 2,243 490 2,610 2,243 7.595 2,610 6,694 45 1,500 7,105 6,694 45 1,500 5,343 15,344 20,687 Totals 6.543 56.232 62,775 15
Docusign Envelop8 ID.. 8CF6422E-FA844C43-8EA3-FD5FD88C16D5 PORCHFIELD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST 8. Unrestricted Funds Movement in the year Income Expenditure Transfer of Funds 2024 Reserves at Beginning of year Reserves at End of Year General Fund Designated Fund- Sinking Fund 14.004 25,031 1,471 114,604) 11,950) 1,950 22,481 28,084 31,505 42,088 26.502 114,6041 53,986 Movement in the year Income Expenditure Transfer of Funds 2023 Reserves at Beginning of year ReseNes at End of Year General Fund Designated Fund- Sinking Fund 17,239 25,602 18,424 (19.7091 {1,9501 1,950 14,004 28,084 532 42,841 18,956 (19.709) 42,088 General Fund - is used to finance the charity's general activilies and core costs as outlined in the Trustees, Report. Deslgnated Fund - Sinking Fund This is a designated fund for specific purposes set by Ihe Trustees., it is held by Onward Homes (formerly Liverpool Housing Trust) on behalf of Porchfield Community Association and receives annual bank interest. Transfer of Fund - Payments made from Porchfield Community Association lo Onward homes Sinking Fund 16
Docuslgn Envelope ID.. BCF6422E-FA84-4C4&8EA3_F05FD88C16D5 PORCHFIELD COMMUNITY ASSOCIATION ST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Restricted Funds Movements in the Year Income Expenditure 2024 ReseNes at Beginning of year Reserves at End of Year ACC Liverpool Group Foundation Citizen Advice Household Support Fund Hemby Charity Foundation Henry Smith Charity Henry Smith Foundation Independent Age LCVS Community Impact Fund Liverpool VCFSE Health & Wellbeing Fund Masonic Charitable Trust National Lottery Communily Fund Sport England United W8y Give Local West Derby Waste Lands 500 1500) 1,250 1,500 37,400 (1,250) (1,5001 {38,324) 14651 (6521 (2,2001 {11,484) 1451 (1,5001 (9501 {1,0501 {1,0001 7,595 2,243 2,610 6,671 1,778 1,958 1,100 5,010 3,300 9.800 6,694 45 1,500 5,340 1,500 1,000 4,390 450 20,687 61,590 {60,920) 21,357 17
DosIgn Envelope ID.. BeF64?2EA84-4c434EA3-FDSFD88GI6D5 PORCHFIELD COMMUNITY ASSOCIATION ST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Movements in the Year Income Expenditure 2023 ReseNes at Beginning of year Reserves at End of Year Barchester Charitable Foundation Big Help Project Cobalt Housing Community Foundation for Merseyside Eleanor Ralhbone Charitable Trust Henry Smith Charity Henry Smith Foundation Independent Age LCVS Community Impact Fund Liverpool VCFSE Health & Wellbeing Fund Masonic Charitable Trust Merseyside Recycling and Waste Authority National Lottery Awards for All National Lottery Community Fund Queens Platinum Jubilee Activity Fund Skelton Charity West Derby Waste Lands Charity 1,000 700 500 {1,000} (7001 {5001 12,0001 2,000 5,000 29,700 15,0001 122,105) (416) 1871) {2,001) {3,106) (3,939) (7,4301 (7,1251 (10,0001 7,595 2,243 2,610 2,659 3,481 2,001 9,800 6,694 45 3,984 7,430 7.125 1,500 10,000 1,500 3,600 1,500 1,500 13,6001 11,5001 11,5001 20,750 72,730 {72,793) 20,687 These are monies given to the Charity to be spent al the discretion of the Board of Trustees for specific charitable purposes, as follows.. ACC Live001 Group Foundation - Contribution towards to run Digital Training Courses Barchester Gharltable Foundation - Contribution towards planned activities Big Help Project - Contribution towards planned activities Citizen Advice Household Support Fund - Contribution toward assisting with the 'Cost of Living Crisis, Cobalt Housing - Contribution towards summer project Community Foundation for Merseyside- Contribution towards planned activities Eleanor Rathbone Charitable Trust - Contribution towards the Centre Manager's salary and running costs Hemby Charity Foundation - To provide a Digital Training Courses to our service users. 18
Docusign Enveknpe ID.. BCF6422E-FA844C4>8EA3-FD5FD88C16D5 PORCHFIELD COMMUNITY ASSOCIATION ST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Henry Smith Charity- Community match funding to provide a range of activities, airned at boosting mental and physical wellbeing, for older people impacled by COVID-19 pandemic in Croxteth. Henry Smith Foundation - Contribution towards salaries for project coordinator and cenlre running costs Independent Age - To provide emergency foodlcare parcels and a telephone befriending seNice to the most vulnerable during lockdown. LCVS Community .Impact Fund Contribution towards education, social and physical activities. Liverpool VCFSE Health and Wellbeing Fund- Contribution towards education, social and physical activities Masonic Charitable Trust- Contribution lowards salaries for project Coordinalor and centre running costs Merseyside Recycling and Waste Authority- Contribution towards education, social and physical activities National Lottery Awards for All - Contribution lowards assisting vulnerable users during the current climate lo help the community thrive National Lottery Community Fund- Contribution towards assisting with the 'Cost of Living Crisis. Queens Platinum Jubilee Activity Fund Contribution towards planned activities Skelton Charity - Contribution towards education, social and physical activities Sport England- Contribution towards Zummba, Tai Chi, Pilates and dance classes United Way Give Local -contribution towards education81, social and physical activilies. West Derby Wastelands - Contribution towards salaries for project coordinator. 9. Guarantees and Other Flnancial Commitments During this financial year there are no financial commitments under non-cancellable operating leases {2023.' £nil). 10.Related Parties Ann Earwaker, a trustee was paid £5.640 {2023= £5,706) as a cleaner, flower arranging and card marking. Jayne Huxley, a trustee was paid £nil12023.' £2,850) as a Holistic Therapist, all on a self- employed basis, during the year ended 31st March 2024. 11.Contingent Liabilities The charity did not have any contingent liabilities as at 31, March 2024 or 31 sl March 2023. 19