REGISTERED CHARITY NUMBER: 1129452 Roport ofth• Trust••s and Unaudlt•d Flnan¢lal Statements for the Yèar En ed 31 December 2024 for Luv Pro*oD McD8de Roberts Accountsnts knmilgd Chartered Accountants 316 Blackpool Road Futwood Preston Lancashlr8 PR2 3AE
Luv Pr•$t ontonts of the FInan1 &tatsm•nts lor th? Y•ar Eoded 31 Deb•r 2024 Page Roport of the Trustees 1 to 3 Independent Examin•rf$ R•port Statement of Flnanclal Activiti•¥ Statom•nt of Flnanclal Position Motss to th• Flnanclal Statem?nts 7 to 11 Detslled Stst•ment of Flnèn¢lal A¢tlvitig$ 12 to 13
Luv fv¢$to of the TNIt•¢g for the Yoar Ended 31 Decembor 2024 Th8 trustees present their report with the financAal stat8monts of Ihe charity lor th¢ year ended 31 December 2024. The trustees have adopted the pro*i$ions of Accounting and Reporting by Chariti8S'. Statement of Recommendfjd Practice applicable lo charit$ preparing their a¢Unts in accord8nc8 with I Financial Reporting Standard applible in the UK and Republ of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Oblo¢tiv•$ and alms Lyv Preston is a social acbon charity oimlng lo help those who find themselves disconnected and dlsgdvantag8d in Preston and the wder Lancashire 8re8. Signiflcant actlvltl•s Drowln During the year because of varSous prgssures, including financAal. we passed over the responsibility for the DI01n lo Sl. Wilfrid'$ who wil continuè dolivering hot meals each Tuesday evening to dienls. Thls transitDn w8S concluded in December 2024. Sl. Wilfred's will now have compble responsibllity for the Drop-ln. After semng the homeless in the city for over 20 years we have passed over this Particular baton. Foodbank. This has conllnued in the wixk of our charity. We deliv¥r up lo 80 bags per w88k. This has continued to be achieved by a small band of volunteers who are amazing. We eontinued to use Lwr Preston City Council workshop and w8 have conllnued to operate from there. The cost Is higher than we would Iloe bLrt irs a farylty we need. Fundraising ov•nts and proje¢ts Grants We aré thankful lo Lancashire County Council. Preston City Coundl, UNITE Union, and many olhers who partfted wtth us during the year to be able to deliver lo. Their support is crucial. R¥rVeS are continuing to daCrs8 and will ne8d lo be addressed in the n$xt year should incom8 not thicrease. Churches Support We a gratèful to the frteth)m¢entre. St Wiifrids, St. Chrlslopherfs and other churches who have supplSed volunte8rs and ffinances towards our work. Individual Supporters. Indivlduals gave financially durfn9 the year through slles like Paypal 8n¢J JuStng. Many dld sponsor8d evgnts and such like and Ihls was an amaang help to us and so vèry encouraging. Partnerthips We have worked wth people from other agencies and food banks using a WhalsApp group lo try and hglp each other cover all the n88d in the City. This has b09n facilitsleil by tha City Council. Volunteors The charity simply WOLdd not exist wwe il not for the people who sacrifice Iheir time lo help the disadvantaged in l)Uf cSty. They have been so ¢onslslent and enthusiastic in their seN¢e. We Bs Trustees ara so thankful for them. They give up their time so willingly and wholeheartedly. Pag• I
Luv P¥•ston Report of tho Trust8e5 for the Year End¢d 31 Docember 2024 FINANcL REVIEW Flnanclal position Inccthe for the yearwa$ £28.306 which was a 2% decrease on th8 prior year. Expenditure for the year increased lo £32,723 which was an de¢rea$8 of 34.2% on the prior ygar and log$lher wlth Ihe deuease in Income resulted a dèficf( for the year of £4,417. Thg trust8es continue to review costs carefully and are also considering the fvture acliwlies and operafjons to ensure il remains viaNe Closing ftJnd$ were £12,160. The$8 are unrestricted and malnlalned in Order to ftrnd workSng c8Pit81 needs, to lun¥J unexpected expenditure, for example when prol8cts overrun or Unann9d fjvents occur and lo fund shortlalls in income. when Income tks not reach expected levels. This wa5 the case thi$ year. This approach is based on an undorstsnding of the incom¥ streams and their risk profilo, the degree of ¢ommilment to expenditure and the overall risk envlronmgnl In which the Charity op8rat•s. Prlnclpal funding sourc•s Genèrous contributions and regular gfving from irKJividuals a$ w811 as grants. R•s8rv•s pollcy ll is intended that sufficient ro$erves are retained in order to enable the Gharity to undertake its financ1 ¢ommitments for a minimum of the months. It18 noted that we nearfy spenttha same amount 8$ w8 1ved. STRUCTURE, GOVERNANCE AND MANAGEMENT Govornlng doeunnt The chaiity is contrdled by ils goveming doCurrnt, a deed of tru51, and conslttutss an unincorporatsd charity. This deed ol trust was first adopted on 0510112009. TTustsè soloctlon Potenb'al trustees are Identified by current trustee$ or charity directors. Candldales are then reeA)mmended to the bjard of tW$te and rfno cijjections ar¥ ralsed then ¢andidat8s are formally appobnled subject to CRB ch¢¢ks. Oryanisational structure Corporately lh8 trustees hokl responsibllSty for the )Inancial hèatth and legal requirèmènts of the charity. The day to day runniro of the chartty is rarried out by the ch8fltles management team. The charity has Ihr99 part me managers and benefjls from a large voluntr siaff team. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 1129452 Prlnclpal addr•$$ Sulte 212, Cty Hous 131 Friargalo Preston Lancashlrè PR12EF Pagè 2
Luv Pr•5ton Rèport of th• Tru$¢e•s orth• Year Endo1 l>o¢Jmbor 2024 Trustees Dr A B Phllips Trustee Mrs L Porter Trustoe M Holman TFUStg0 (resigned 18n120251 Mrs S A Mcvlcar Trustee Indepondont Examlner Martin Gary BA {Hons}. FCA McDade Roberts Accountsnls Llrnited Chartered AGcountants 316 Blackpool Road Fulwood Pr8slon Lan¢ashlre PR2 3AE Approved by or(ler of thg board oftruslges on 22 Septewnber 2025 and sh3ned on its beham by.. A_KuF- Mrs S A McVicor- Trustee Pw3
Indep8nd•nt Examln8rfs Report to th• Trwt#s •f Luv Pr•$ton Independ•nt oxamIneS rèport to the trustses of Luv Preston I report lo th¢ ¢harity trustees on my examination ol the accounts ol Luv Preston Ilhe Trust) lor lh8 year endeij 31 December 2024. Rtrspon8lbSlhlo$ and basls ol report As the charty trustees of thé Trust you are ra$ponsible for the proP8rnUon of the accounts in accordance with the requirem8nts of the Charibes Act 2011 1'lh& Act'i. I report in respect ol my examin8llon of the TruBVs accounts earned out under Sectk)n 145 of the Act and in c8rrying oul my examinatn I have followed all appIlble Directions gNen by the Charity Commission under Section 14515Mbl of the Act. Ind¢pendènt èxamlnerfs ststem•nt I have o)mpleted my examinaon. I confirm Ihat no material matters have come lo my attention in ctsnnectlon wilh the examinabon giving me Cau to believe that in any material respètt., accounting records were not kept In resp8Ct of the Trust as raquired by Seckn 130 of the Act.. or the accounts do not accord with Ih05e Cords., or the awtsunts do not compty wllh the applicable requSr8ments conceming the fom and content of accoun15 set out in the Chaiiles (Accounts and Reports) Regulation$ 21108 other than any requirement that th& accoun15 give a true and fair view which is not a matter considered as part of an independent examination. I have no IxJn(*ms and have come 8¢r¢ss no olher matters in ¢onn8dion with the ex8mination to which attention should be drawn in this Teport in order to enablè a proper understanding of accounts lo be reached. Marbn Gary BA IHons}. FCA M¢Dade Roberts Accounlants Lim¥ied Chartergd Accountants 316 Blackpool Road Fulwood Preston Lancashire PR2 3AE 22 S&ptomber 2025 Pago 4
Luv Pr•ston stst¥m&nt of Financial AGtlvMhs for tho Year Enthd 31 D•¢mber 2024 31.12.24 Total furMIs 31.12.23 T(al fvnds Unr85tricted lund ReStted nd Notes INCOME AND ENDOWMENTS FROM Donations and legac¢es 18,707 18,707 17,999 CharStable actlvlties Grants 9,599 9,599 10,299 Totsl 18,707 9,599 28,306 28,298 EXPENDrruRE ON Raisw)g funds 2,193 8,1(Kl 10.293 19,542 Chariiablè act•viti•s Donations 779 779 6.515 20.152 1.499 21,651 25,374 Total 23.124 32.723 51,431 NET INCOMEIIEXPENDITURE) 14,4171 14,4171 123,1331 RECONCILIATION OF FUNDS Total funtjs brought forwar(I 16.577 16.577 39,710 TOTAL FUNDS CARRIED FORVIARD 12.160 12,160 16.577 The noie3 lorm part of these financkgl statements Pag8 5
Luv Pr•ston StalementoLFlnAn¢lal Po8ltloD 31Decemr2024 31.12.24 Total funds 31.12.23 Total fund5 Unrestrlcled lund Restrictetl fund Notes FIXED ASSETS T8ngible assets 132 132 1.696 CURRENT ASSETS Debtors C8sh al bank 1.942 10,917 1.942 10,917 673 16,694 12,859 12,859 17,367 CREDoRs Arnounts falling due wilhin one year 18311 {8311 12,4861 NET CURRENT ASSETS 12.028 12.028 14,881 TOTAL ASSETS LESS CLIRREP LIABILITIES 12,160 12.160 16,577 NET ASSETS 12,160 12,160 16,577 FUNDS UniestrfCt funds 12.160 16,577 TOTAL FUNDS 12.160 16,577 The financ4al stalemenis were approved by tha Board of Trustses and 8uthotlsed for issue on 22 Seplemb$r 2025 and were signad on lis behalf by.. lof S A McVi¢ar- Trustee The n¢Jte8 fomi part of those finanaal 8tstemgnt5 Page 6
Luv Pnston Nots8 to the Flnan¢lal Statsmonts for tho Y•ar Ended 31 December2024 ACCOUNTING POLICIES Basls of prep•ring the financlal statsmonts Tho finarjaI slalements of th8 charity. which is a PutlC benefit enty under FRS 102, have b88n prepared in 8ccordanee with the Chawitses SORP IFRS 102} 'Accounling and Reporting by Charities.. Statement of Recommendeo Pwtice applicable to chariligs preparing Ihelr accounts in accordantr with th& Financial Reporting Stsndard applicabla in lh8 UK and Republ1¢ of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 The Finanual Reporting Starbdard applicable in the UK and Republic of IrelarKI' and the Charities Act 2011. The financial stst¥monts have been pmpared undeT the historical ¢ost convention. InMm• All income 18 re¢OgnI$ in the Statement of Financial Activities once the charty has enlluemenl to the lund$. tt 1$ probable Ihat the income VAII be received and the amount can be measurad reliably. Expendlture Liabilitses ar& r9COgnised as exnditre as soon as the is a legal or constructive obligation commiiting the charty lo that expenditure. k is PTob8ble that a transfer ol economlc bgneffts will bè required in setuemenl and aMJnI of the Obliga'On can b8 rneasured r8liably. ExperHlituro is accounted for on an a¢uuals basi5 and has bean dassified under headings that aggregate all ¢ost felaled to the category. Wheie $ts r2nnol be directly attributed to particular headings they have been alloc81gd lo activities r)n a basis ¢onsislent with the use of resources. Tangible red ass•is Dopre¢iation is provided al tho followng annual rates in order to write off eath asset over its astimated usehjl lrfe. F1Xtures ttntl fittings Motor vehldes Computer equipmnt 20Yo on ¢ost 20% on c05t 33Yts on cost T8xotlon Tha charriy is exempt from tsx on its charitabl$ ad1veS. DONATIONS AND LEGACIES 31.12.24 31.12.23 Don8lKJns and other incomg 18,707 17.999 Page 7
Luv P$t0 to the Flnancial Stslgm¢nts-¢ontlnu•d for th• Year EDd&l1 DeMb¢r2Q14 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. rèmuneralion or other benefts for tha year eThJed 31 December 2024 nor for the y¢ar gnded 31 Decembgr 2023. Trustees. èxp•nsos There ve no trustees, exper5 paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmES Unreslrict8d fuTrJ R851rict0d fund Total funds INCOME AND ENDOWMENTS FROhl Donal10r and lega¢i¥s 17.999 17,999 Charltable a¢ll¥llles Grants 10,299 10,299 Total 17.999 10299 28,298 EXPENDITURE ON Raising funds 2,592 16,950 19,542 ChaTit*bl• a¢tMtles Dorbalions 6,515 6.515 Other 23,875 1.499 25.374 Total 32,982 18,449 51,431 NET INCOMElIEXPENDuREl (14,9831 18.1501 123,1331 RECONCILIATION OF FUNDS Total fvnds brought forward 31,560 8,150 39,710 TOTAL FUNDS CARRIED FORWARD 16.577 16,577 Paga 8
Luv Pr•ston Not¢¥ lo the F4nan¢l*l Ststsrn8nts- contirwJ•d for the Y•ar Endeember 2024 TANGIBLE FIXED ASSETS Fixlure8 and Motor vehicles CDmputer equipment Totsls COST At 1 January 2024 and 31 D8¢ember 2024 2,075 5.750 3,110 10,935 DEPRECIATION Al 1 January 2024 Ch8rge f year 1,529 414 4.600 1,150 3,110 9,239 At 31 Dmber 2024 1,943 S,750 3,110 10.803 NET BOOK VALUE Al 31 Dwmber 2024 132 132 At 31 December 2023 546 1.150 1.696 DEBTORS: Ah10UNTS FALLING DUE wrrHIN ONE YEAR 31.12.24 31.12.23 P¥epaymenlg 1.942 673 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other credito 831 2,486 MOVEMENT IN FUNDS Net movernent in fvnds At 31.12.24 At1.1.24 Unre•triet•d fund$ General fund 16,577 14,4171 12,160 TOTAL FUNDS 16,577 14,4171 12,160 Pog8 9
Lvv Proston NotQ8 to th¢ Flnan¢5al Stat•monts. contlnu•d for th• Year EndoLmbOr 2024 MOVEMEN7 IN FUNDS- conlinu•d Net movement funds, IndLJed in the abovè are as follows.. Incorning reswf(8 Resourc8S eypervjed Movement in fvnds Unrnstrict•d funds Ggneral fund 18.707 123,124} 14,4171 Restrlcted funds Grants 9,599 19,5991 TOTAL FUNDS 28,306 132,7231 14,4171 Comparatlv•s for mo¢nt in lunds Net movement in fim(L At 31.12.23 At1.1.TJ Unrestri¢t•d funds General fund 31,560 114,9831 16,577 R•stricted funds Grants 8,150 {8,1501 TOTAL FUNDS 39,710 123,1331 16,577 Comp¥ralve net rnov8ment in funds, induded in the above are 8$ follows.. Incoming resour¢e6 Resources ¢xpended Movement In fund$ vnr•Strkt fund$ General lund 17.999 132,9821 114.9831 Re$tri¢t•d funds Grants 10.299 118,4491 {8.1501 TOTAL FUNDS 28,298 {51,4311 123.1331 Pag• 10
Luv Pr•8ton Notes totho Finan¢lal StAtonwnts- rontlnu•d for the Year End•d 31 2024 MOVEMENT IN FUNDS- continued A current ye8r 12 months and prfor year 12 months combSned p0Son is as fdlows: Net m0vernt in lund$ At 31.12.24 At1.1.rJ Unrestri¢tsd funds General fund 31,560 {19.400} 12.160 Restrl¢tsd fvnds Grants 8,150 18,150 TOTAL FUNDS 39,710 127.550) 12,160 A current year 12 months and prior year 12 months combinfjd nel movement in funds, includ•d in the above are as fdlows.. Ino)mi f850urus Resour¢e$ gxpended Movem8Tht in funds Unrostrict•d fund* General fund 36.706 {56,106) 119,4001 Restri¢t•d lunds Grants 19,898 128.048) 18,1501 TOTAL FUNDS 56,604 184,1541 {27,5501 RELATED PARTY DISCLOSURES There wgre no related party tr8nsactions forthe year ended 31 December 2024. Page11
Luv Pr•Jton Dot4Lo4 Statom•ntof Financi41 A¢tlvlth6 low thg Yoar Ended ILQoGpmb¢r 2024 31.12.24 31.12.23 INCOME AMD ENDOWMENTS Donjtlons and legacles Donali¢)ns and other Incom9 18,707 17.999 Ch#rltsbl• actlvllles Grants 9,599 10.299 Total incoming resourc•s 28,306 28.298 EXPENDITURE Raislng donatlons and legaci Soup kitd)$nlfood bank 10.293 19,542 Ch•rllabl• acti¥lti Rates and water Donati¢)n$ and gfts made 242 537 6,515 779 6,515 other Storage Rent Setvice charge 4.872 829 3,045 5.701 3.045 Support co¥1$ Management Insurance Light and heat Telephonè Postage a1 stationery Support costs Sundries Administralicffl costs Motor and travel R?pairs and renew818 Fixtures and fltungs Motor vehicles Computsr equipment 897 232 157 343 12.900 145 106 4,584 430 139 150 8,200 388 240 3,234 125 415 1,150 415 1.150 16 14,549 20.945 This page does notfvm) part oftho sthtory fifftanc statemonts Page 12
Luv Pr•8ton O•tall•d Ststemonl ¢f Fknanclal A¢tr¥itl•s forthe YwEDdgd 31 De&oD24 31.12.24 31.12.23 Management Flnance Bank charges 81 G0man¢• costs Accwntsncy and legal fo&s 1.320 1,290 Total resources expended 32.723 51,431 Nèt exndItUT• {4,4171 123.1331 Thls pag¢ dces notform part olthe 6tstutoryffinan(ial statementj Pag• 13