L'Z'"2_- REGISTERED CHARiff NUMBER.. 1129452 ort of the Trustees and Unaudlto(l F anci to for McDade Roberts Accountants Limhed Chartered Accountants 316 Blackpool Road Fulwood Preston Lancashire PR2 3AE
Luv Pr•ston Contents of the Fin rEnd m8n Page Report of tho Trustees Independent Examlner's Report Statement of Flnanclal A¢tlvllle8 statement of Financial Posltlon Notes to tho Flnanclal Statements 7 10 11 Detailed Statement of Flnanclal Actlvltles 12
Ro tor the Y rt of the Trustees nded 31 December 202 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions ol Accounting and Reporting by Charities.. statement of Recommended Practj'ce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lTrland IFRS 102) leffeclive 1 January 2019). OBJECTIVES AND ACTivrfiES Objective5 and aims Luv Preston is a social action charity aiming to help those who find themselves disconnected and dlsadvantaged in Preston and the wider Lancashire area. Slgnlficant adivltles Drop-ln The volunteers have continued to deliverthis outreach. We have continued to work with St. Wilfrid's delivering hot meals each Tuesday evening to our clien15. Usually we serve inside, lo approximately 7040 people each week. We are indebted lo our volunteer8 who served and prepared food for all of the year. We are also so thankful lo companies like Greggs, Marks and Spencers, Makro, Lidl. Asda and so many others who supplied food for cooking and lo also give away. Foodbank. This has continued lo be an increasing part of the work of our charity. We dellver up to 80 bags per week. This has continued to be achieved by a small band of volunteers who are amazing. We continued to use our Preston Cty Council workshop and we have continued to operate from there. The cost is higher than we would like bul it's a facility we need. Fundraising ovonts and projocts Grants We are thankful lo Lancashire County Council, Preston City Council, UNITE Union. Brltlsh Aerospace. Fylde Foodbank and many others who partnered with us during the year to be able lo deliver forJ(l. Their support is crucial. Reserves a continuing lo decrease and will n8ed lo be addressed in the next year should income not increase. Churches Support We are grateful lo the freedomcenlr8. St Wilfrids. Sl. Christopherfs and other Churches who have supplied volunteers and finances towards QUT work. Individual Supportors. Individuals gave financially during the year through sites like Paypal and Jusl-gSvlng. Many did sponsored events and such like and this was an arnazing help lo us and so very encouraging. Partnerships We have worked with people from other agencies and food banks using a WhalsApp group to ty and help eaGh other cover all the need in the city. This has been facilitated by the City Council. Voluntegrs The chority aimply would nol exist Yre it not for the people who saGrrfiGe their iinie Iv liElp thB dlsadvanlage(J In our city. They have been so consislenl and enlhusiaslic in their service. We as Trustees are $0 Ihankful for them. They give up their time so willingly and wholeheartedly. P81
Luv Prèston Re rt ofthg Trustees for the Year En December 202 FINANCIAL REVIEW Flnanclal position Income for the year was £28.298 which wa5 a 54VD decrease on the prior year. The decrease was expected for donations due to the inclusion of a one off significant amounl received in the prlor year and therefore a reduction back to prior levels now. Grant received a150 reduced in the year. Expendilurefor the year increased to £51.431 which was an increasa of 7.3% on thfft prior year and together with the decrease in irthme resulted in a defiGil for the year of £23,133. The trustees continue to review costs carefully and are also considering the future activities and operations to ensure it remains viable Closing funds were £18,577. These a unrestricted and maintsined in order lo fund working capital n88ds. lo fund unexpected expenditure. for example when projects overrun or unplanned events occur and to fund shortfalls in income. when income does not reach expected levels. This was the case this year. This approach is based on an understanding of the income streams and their risk profile. the degree of commitment lo expenditure and the overall risk environment in which the charity operate5. PrlnGlpal funding sources Generous contributions and regular giving from individuals 8$ well as grants. Reserves poll¢y It is intended that sufficient reserves are retained in order lo enable th8 charity to undertake its financial commitments for a minimum of three months. It is noted that we nearly spent the same amount as we received. STRUCTURE. GOVERNANCE AND MANAGEh•ENT Goveming document The charity is controlled by its governing document. a deed of Irusl, and constitutes an unincorporale(I charity- This deed of Iwsl was first adopted on 0510112009. Trust90 8glectlon Potential trustees are identified by current Iruslees or charity direclors. Candidates are then recommended lo the board of trustees and if no objections are raised then ¢andidates are formally appointed sublecl to CRB checks. Organisational structure Corporately th8 Ifuslees hold responsibility for the finan¢lal heatth and legal requirements of the ¢harity. The day lo day running of the charlty Is Carried out by the charities managementteam. The charity has three part lime manaoèrs and be.npAit8 frnm a Isrge volunteer staff team. REFERENCE AND ADMINISTRATIVE DETAILS RegI8ter¢d Charlty nurnbor 1129452 Princlpal address Sulte 212, Clry House 131 Friargale Preston Lancashire PR12EF Page 2
Luv Preston Re for the Year E th¢ Trustees ember 202 Trustees Dr A B Philips Trustee Mrs L Porter Trust88 M Holman Trustee Mrs S A Mcvicaf Trustee Independont Examln•r Martin Garry BA (Honsl, FCA M¢Dade Roberts Accountants Limited Chartered Accountants 316 Blackpool Road Fulwood Preston Lancashire PR2 3AE Approved by order of the board of trustees on ............................................. and signed on [15 behalf by.. Mrs S A McVicar- Trustee Page 3
Ind• ndent Examin•r's R• Luv Près rt to the Trusteg Independont oxamlner's report to the trustees of Luv Praslon I report to the charity trusteos nn my Èxamination of th8 accounts of Luv Preston (the Trust) for tho year ended 31 Docember 2023. Respon$lbllltlos and basi¥ of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance wllh the requirements of the Charities Act 2011 ('the Act.). i port in respea of my exarnlnatlofi of the Tru¥l'b i*bGOUllts carld out und¢r SeGtion 145 of the AGt and in carrying oul my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5llbl of the Act. Indopénd8nt examlnorfs sLitement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material r83pect'. accounting records were not kept in Te5pe¢t of the Trust as required by Section 130 of the Act,. or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements concerning the fomi and conlenl of accounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a maller conSided as part of an independent examination. I have no concerns and have come across no other matters in conne¢lion wlh the examination lo which attenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Martin Gary BA (Hons). FCA McDade Roberts Accountants Limlted Chartered Accountants 316 Blackpool Road Fulwood Preston Lancashire PR2 3AE 25 September 2024 Page 4
ment f Fl En 31.12.23 Total Jnds 31.12.22 Totsl funds Unrestricted frjnd Rethcted fund Notes INCOME AND ENDOWMENTS FROM Donations and legactes 17,999 17.999 38.190 Charitablo aGtlvltl Grants 10,299 10.299 23.449 Total 17,999 10,299 28,298 61,639 EXPENDrruRE ON Raising funds 2,592 16,950 19.542 15,135 Charitable actlvltlos Donations 6,515 8,515 1,050 23,875 1.499 25,374 31,746 Total 32,982 18,449 51.431 47,931 NET INCOMEI{EXPENDrruRE) (14,983) {8.150> (23.133) 13,708 RECONCILIATION OF FUNDS Total funds bmughl forward 31,560 8,150 39,710 26.002 TOTAL FUNDS CARRIED FORWARD 16.577 16.577 39,710 The notes form part of thes& financial statefflents
Luv Preston nanclal P Itl 31.12.23 Total fvnds 21.1?.?? Totsl ftjnds UnrestvKted fund fund Notes FIXED ASSETS Tangible assets 197 1,499 1,696 3.277 CURRENT ASSETS Debtors Cash al bank 673 16.694 673 16,694 736 39,525 17.367 17,367 40.261 CREDrroRS Amounts falling due within one year {987) (1,499) {2,4861 {2,329) NEf CURRENT ASSETS 16,380 11,499} 14,881 37,932 TOTAL ASSETS LESS CURRENT LIABILITIES 16,577 16,577 41,209 CREDITORS Amounts falling due after more than one year 8 {1,499} NET ASSETS 16,577 16.577 39,710 FUNDS Unrestricted funds Restricted funds 16.577 31,580 8.150 TOTAL FUNDS 16,577 39,710 Th6 financial statements were approved by the Board of Trustees and authorSs6d for issue on - and were signed on its behalf by.. S A M¢Vicar- Trust88 The notes form part ofth88e financial $tstements 14
Luv Prn8ton Notes to th• Flnan¢lal Statoment$ for the Y•ar Endèd 31 Decembor 2 ACCOUNTING POLICIES 8asl¥ of preparlng the flnancial Ststemonts The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financi81 Reportin9 *Jtandard applicable in the UK and Republis of Irel4aiid {FRS 1021 leffectlve 1 January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irelan¢J' and the Charilios Act 2011. The financial slatemenls have been prèpared under the historical cost convenlion. Income All income is recognised in the Statement of Financial Activities once the Gharity has entitlement to the funds, it is probable that the income will be received and the amount ¢an be measured reliably. Expendlture Liabilities are recognised as expenditure as 500n as there is a legal or conslruclive obligation committing the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation ¢an be measured reliably. Expenditure is accounted for on an accruals basis and hag boon olassrfied undèr headin9S that aggregate 811 Goat related to the catsgoty. Where costs cannot be directly attributed lo particular headings they have been alk)cated to activities on a basis consistent wilh the use of resources. Tanglbl• fixod asgots Depreciation is provided at the followlng annual rates in order to write off each asset over tts eslimaled usefvl lrfe. Fixtures and fittings Motor vehicles Computer equipmenl 20Qh on cost 20Vo on cost 330k on cost Taxation The charity is exempt from tax on ils charitable actSvllies. Fund accountlng Uniestricted fund$ can be used in accor(lanGe with the charitable objectives at the discretion of the trustees. Reslricled funds can only be used for particular r8slricted purposes within the objects of the charity- R¢striGtions arise wli8n syebilied ijy tlie donor or when funds are ralsed for particular restried purposes. Further explanabon of the nature and purpose of each fund Is included in Ihe notes to the financi81 statements. P8ge 7
es • Flnanclal emen ntln DONATIONS AND LEGACIES 31.12.23 31.12.22 Donations and other income 17,999 38,190 TRUSTEES. REMUNERATION AND BENEFrrs The were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Tru8tee8' gxpense8 There were no trustees, expen5e9 pald for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fLmd Reslrfcted lund Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 38.190 38,190 Charltablo aGtsvities Grants 23,449 23,449 Total 38,190 23.449 61,039 EXPENDITURE ON Ralsing funds 1.335 13,800 15,135 Charltablo actlvltles Donations 1,050 1.050 Other 30,247 1.499 31,746 Total 32.632 15,29g 47,931 NET INCOME 5,558 8,150 13,708 RECONCILIATION OF FUNDS Total funds brought forward 26,002 26,002 TOTAL FUNDS CARRIED FORWARD 31.560 8,150 39.710
Luv Preston Flnancial Stattm End nts- colltinuod TANGIBLE FLXED ASSErs Fixbjres and rittings or vehicles Computer equipment Totsls COST At 1 January 2023 and 31 Decemb?r 2023 2,076 6.760 3,110 10,035 DEPRECIATION Al 1 January 2023 Charge for year 1,114 415 3.450 1,150 3,094 16 7.658 1,581 Al 31 December 2023 1,529 4,600 3,110 9,239 NET BOOK VALUE At 31 December 2023 546 1.150 1.696 At 31 December 2022 961 2.300 16 3.277 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Prepayments 673 736 CREDITORS: AMOUNT5 FALLINfj DUE WITHIN ONE YEAR 31.12.23 31.12.22 Other creditors 2.486 2,329 CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.12.23 31.12.22 Other creditors 1.499 MOVEMENT IN FUNDS Net movement in fvnd8 Al 1.1.23 31.12.23 Unrestrlcted funds General fund 31,560 114.983) 16,577 Restricted funds Grants 8,150 (8,1501 TOTAL FUNDS 39,710 123,1331 16,577 Page 9
Luv Preston Notes to th• Flnanclal Statements- ¢onlln MOVEMENT IN FUNDS- eontlnued Nel movement in funds, included in the above are as follows- Irhcomlng resources Resources Movement expended in funds Unrutricted funds General fund 17.999 {32,982) (14.9831 Restrlded funds Grants 10,299 (18,449) 18.1501 TOTAL FUNDS 28.298 (51,431) (23,1331 Comparatives for movement In fund$ movement In fvnds At 31.12.22 At1.1.22 Unrestricted funds General fund 26,002 5,558 31,560 Réstrlcted funds Grants 8,150 8.150 TOTAL FUNDS 26,002 13.708 39,710 Comparative nel movement In fvnds. included in the above are as follows- Incoming resources Resources expènded Movement fiJnds Unre8trlcted fund¥ General fund 38,190 132.632) 5,558 Restrlctod funds Grants 23,449 {15.2991 8,150 TOTAL FUNDS 61,639 (47,9311 13.708 P890 10
v Prest 08 to the Financlal Stat•m• - continued Year Ended 31 e•mber 202 MOVEIJIENT IN FUNDS - Continued A Crn1 year 12 months and prior year 12 month5 combined position is as follows: Net movement In funas At 1.1.22 31.12.23 Unrestrlcted funds General fund 26.002 19.425) 16,577 TOTAL FUNDS 26,002 (9.425) 16,577 A current year 12 rnonths and prior year 12 months combined nel movement in fund$, included in the above are as follows.. In¢omiThJ resour¢a¥ Resourc88 expended Movement in funds Unrostrlcted fund8 General fund 56,189 {65,614) (9.425} Re8trlctod funds Grants 33.748 133,7481 TOTAL FUNDS 89.937 (99,362) (9,4251 10. RELATED PARTY DISCLOSURES During the year, a donation of £6,000 was made lo Jack Mcvicar (the husband of one of the truslee$l for the purpose of purchasing a ¢ar. Pag811