WOODLANDS COMMUNITY CENTRE LIMITED ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED ST 31 MARCH 2024 Company Number: 05618974 Charity Number: 1130282
WOODLANDS COMMUNITY CENTRE LIMITED CONTENTS Page Chair's Report Trustees, Annual Report Stalement of Trustees, Responsibilities Independent Examiner's Report Slalement of Financial Activities Balance Sheet Notes lo the Financial Statements 14
WOODLANDS COMMUNITY CENTRE LIMITED ST CHAIR REPORT FOR THE YEAR ENDED 31 MARCH 2024 As we mark the end of another year, it gives us great pleasure lo look back on the successful work the charity has accomplished and the number of service users whose lives have improved because of accessing the charity's support. It is 52 years since the Community Centre first opened ils doors lo the communily of Woodlands, Netherley and surrounding areas 2nd since this lime, we have seen generations of families walk Ihrough our doors and out again with new-found confidence, increased self-esleem, skillslabilities and a sense of belonging. The charitable company has come a long way since its inception and it has gone through many changes, expanding and decreasing its workforce, developing new and innovative projects and ensuring those services most in need are prioritised when funding sources become more difficult to attract. It is difficult to overestimate the impact that the charity's work has on the lives of many people in our community, client feedback questionnaires, evaluations and project outcomes over the past twelve months suggests we are providing the services people want and need, services that make a positive difference to service users, daily lives. l am delighted to report that the trustee's annual review of activities indicates that Woodlands Community Centre services have once again been successful in bringing about the desired outcomes for our service users whilst al the same time ensuring the aims of the organisation are met. The small staff tearn of three part time workers remains a challenge and with the loss of valuable admin slafflvolunteers over the previous years il is more important than ever to address the skills gaps within the organisalion to alleviate the manager's pressure and workload, and as always ensuring conlinuily in meeting the charity's aims and objectives supported by the board of iruslees Ihis will be aligned with a new staffing slrLJCture alongside the development of a 5-year Funding Strategy. The Organisation have already made progress with a 3-year Funding Application Approval from The Henry Smith Foundation and continue to work vigorously with Fundraising efforts to accomplish this 5-year plan. Fundraising at ils best is always competitive and with the knowledge of Liverpool City Council funding cuts and changes to funding i.e. Children, Youth & Community to be allocated to one pol, combining the thought process into a single application might risk losing two potential funding sources. However, if successful, il could result in a 5-year funding offer of unrestricted income (fingers crossed). This will also enhance the charity's sustainability and give us a head start in achieving our planned goals Whatever the future holds, one non-negotiable factor is our volunteer base. Each volunteer offers something unique, from valued members of our children and youth team lo event organizers, kitchen technicians, bingo llers, gardeners, and more. Our users benefit from a well-molivated and engaged volunteer team, and our volunteers deserve full recognition for their invaluable contributions. Without their support, the services we provide and the assistance they give our small staff team would not have the same impact or reach as many people in our communities.
WOODLANDS COMMUNITY CENTRE LIMITED ST CHAIR REPORT FOR THE YEAR ENDED 31 MARCH 2024 On behalf of the Manager, myself, and fellow trustees, l extend our sinre thanks lo our cohort of volunteers & Staff. Their selfless dedication and time make it possible for hundreds of people to access the support they need to improve their lives. Additionally, I would like to express our gratitude lo our funders, especially the MPAC, Liverpool City Council CRG, NRF, Tudor Trust Foundation, John Moores FDundation, and The Henry Smith Charity- Their generous financial assistance and support in various forms have been crucial to our achievements. lan Johhso Chair
WOODLANDS COMMUNITY CENTRE LIMITED ST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees are pleased lo present their annual report for the year ended 31 $1 March 2024. The financial slalemenls have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and Accounting and Reporiing by Charities.. Slalement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubliG of Ireland published IFRS 1021 las amended for accounting periods commencing from 1 $1 January 2019). OBJECTIVES AND ACTIVITIES The objects of the charity are to 'Promote the benefit of the inhabilanls of the Woodlands Estate and the neighbourhood wilhoul distinction of sex or political, religious or other opinions by associating the local authority. voluntary organisation and inhabitants in a common effort to advance education and lo provide facilities of interest of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabilanls" In considering the objectives and aclivities, the Trustees have considered Charity Commission guidance on Public Benefit lo ensure that the charity is meeting its Public Benefit requirements. During the year under review Woodlands Community Centre has strived to meet the aims and objectives by.. Securing funding in line with aims and objectives Generating income through rental and room hire Networking with existing and new voluntary, community and statutory bodies to increase provision Widening recreational and leisure time activities Creating new opportunities for community aCsS Delivering a diverse programmes of activities Assisting with the building of a cohesive community Providing relevanl advice and guidance to members and local residents assisting with their individual needs ACHIEVEMENTS AND PERFORMANCE We offer freellow cost high-quality universal services at limes to meet baneficiaries needs i.e. after school activities and holiday clubs for children & Young people, day time & early evening sessions for older residenls, d8y time Educalionllraining sessions for adults whilst children are al school alongside specialised support for particular groups alongside youth club for those considered more at-risk, disadvantaged or with higher needs, we provide a safe space in a supportive: interactive and engaging environment that is building-based and focused on current needs, we also work with families, other seryices, and the wider community to provide holistic support and advocacy We work with the whole community lo meet their needs, and they shape the work we do. Involving the community in our work lo tackle issues gives local people a degree of control, which is helpful in terms of their confidence in taking steps lo improve their own wellbeing. We listen and learn, and they lead.
WOODLANDS COMMUNITY CENTRE LIMITED ST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Woodlands Community Centre {WCCI are proud lo be seen as integral lo the community. A place where people can come for free or low cost, to not only to join an activity but if they are feeling low, need company, need support, need lo just speak about anything that is bothering them that daylweek etc. Need help to fill in forms online, need help to speak to someone on the phone, or need help to make appointments. We are an inclusive service offering community activities, facilities, guidance, support, information and a listening ear that brings people together who share the same common goals Feedback we receive from the local community lets us know that we are a serdice that is needed required and a lifeline for many. The activities taken place during the year included: Cook & Taste, Boxercise, health and wellbeing sessions, Line Dancing, Meditation, Walking groups, visits to parks, Community Bingo & Meal, Messy Play for babies, Community Cookery, Meet & Eat Community Meals, yoga, Football Training, Afternoon Teas, gardening and environmental projects, Community Fun days, Celebration events, Family Cookery, Flower arranging, Men's wellbeing group,. Get up Gel out and talk Brunch, Drop in Computer usage. Theatre Trips, Community Bingo & Family Cookery. Kids Club & Youth Clubs, Summer Holiday and half term clubs, Arts & Crafts, Indoorlouldoor sports, Team BLJilding games, Cookery, Dance sessions, storytelling, drawing club, Mindfulness, Yoga, Dance and drama sessions Forest School, Drugs & Alcohol awareness, knife crime, Nature walks, trips out, family fun days, and lols more Some of our Achievements during 23124 include: 820 Direct beneficiaries supported throughout the year 276 children & Young people 444 Adults WGC have opened our doors as a Warm Bank. As we are conscience that we have lols of individuals and families struggling with the high food costs and fuel bills. At every activity whether that be ior children, young people, families, or elderly residents we continue to include Free Tealdrinks on tap, Biscuits, snacks, & Fruit platters to ensure no one goes hungry. We have formed an activity sub group -lo organise.. Bi-monthly tea dances and afternoon teas, trips to Ihealre, coach excursions Quarterly Community Prize Bingo with Meal. We delivered plenty of food related activities i.e. mid-morning Brunch, Let's gel t21king. Community Meals, Cookirig for one, batch cooking. Strong liyks have been forged With a number Oi Other Community Organisalions, CICS and Health & Wellbeing Practitioners. Working collaboratively with several organisations to enhance the services we offer and assist with delivering to the wider community. We outreach and delivered at a 2nd weekly community meal at Valley Communily Food Hub to ensure the wider community benefited from our Community Meals whilst supporting a local CIC. Delivered 45 Xmas hampers to local Families through generous community donations. 30 of our older members invited to join Xmas lunch 81 the Millenium Centre with the Lee Valley Pensioner Group.
WOODLANDS COMMUNITY CENTRE LIMITED ST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Speke Training & Education Centre offer free training for staff and users. New Horizons CIC offer free Mental Health and Wellbeing Sessions for both adults & Children MD Productions offer Free Community Dance Sessions WCC delivered a bespoke project tailored around CEV people and those suffering long term Covid issues with 120 beneficiaries benefiting Impact5 included.. Long term effects included both physiological and physical improvement and feedback noted included the ability lo walk further for those with mobility issues and breathing problems, improved Mental Health through Walking Groups and arts & Crafts sessions. We were successful in obtaining funding to refurbish our Outdated Computer Suite WCC now have wide range of groups using the IT Suite including older people, children & Young people, community residents, working from home people who occasional make use of our Wi-Fi, practitioners delivering activities we now have a whole host of people making use of the facility. Impacts included.. Increased number of local Young Pèople who are making good use of the facilities for homeiiork clubs & Studies using the room as quite Spa away from other sibling and home distractions. Our Youth group are now using the computer suite for research to gather information and facts for discussion groups, i.e. recently the group researched "what's happening globally including conflict between Palestine and Israel 'Black history month which Informs and educates whilst bridging the digital divide. Increased the number of local elderly people making appointments through NHS Apps. Our Family Cookery & Young peoples & Cook & Taste sessions are a big hit, sessions are held iegularly & throughout school holidays and are open to all children attending and families, Participants gei to be involved with the cooking prep & cooking with a qualified chef learning rTrew techniques, and laste the dishes prepared during the session. These sessions are not onl J educalioral bul also a great way to bring the comiTunily together and promote healthy eating habits and supports.. No child should go hungry especially during school holidays. Grandparent quote: "The forest school was fantastic, my grsndson James enjoyed being able to run around and play outside in a safe controlled environment, he loved getting dirty and not worrying about it, he loved being outdoors. Parent quotes.. "Providing snacks at club helps me financially and helps with my worries. "What a lovely day.l Learning new cooking skills with your child I have learnt so many dilferent things today cooking with left overs"
WOODLANDS COMMUNITY CENTRE LIMITED ST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 'As a family I have been struggling, feeding my children 8fter school and during the holiday t8Kes the pressure off me thank you so much for 811 you do for my kids, they have an amazing time 8t club" "Thank you for inviting me to your Family Activities I have met some lovely parents through this, and my bingo prizes were amazing Mother of a high spectrum teenager quote: "My daughler h8s re8lly enjoyed club, especially forest school trip. We would be lost witnout cluo 8S It is good for her to SOCl81ise and make friends" Children & Young people's Quotes: ' Loved today boxing 8nd meditation and games were the best ' "l just love my club and being able to see my friends 811 Ihe time mum doesn't let me play out" "Ihanks for letting me volunteer with the kids club me mum said it keeps me off the streets ancl I really enjoy doing crafts with the little kids" FINANCIAL REVIEW Total income in the year was £95,79212023'. £129,658) of which £87,20812023.' £123,198). related lo funding for projects upon which restrictions are placed. Total expenditure in the year was £102,72912023: £111,177) 5eaving 2 deficit for the year of £6,937 {2023.' surplus £18,381) At 31 sl March 2024 the charitable company's reserves stood at £203,981 (2023.. £210,918) of vihich £34,965 (2023.. £35,395) represeyted restricted funds. RISK MANAGEMENT The trustees have conducted their review of major risks to which the charity is exposed, and sysleffis have been eslabli>hed to niitigale those risks. These reviews are conduGled on a continuing basis. The main risk to the charity is funding. The voluntary sector as a whole is finding it increasingly difficult in this economic climate lo raise funds and rnany have closed as a result. RESERVES POLICY It is the policy of the charitable company lo maintaiD. unreglrirted funds, which are free reseries at a level to cover redundancy pro'jision and three month.s, running costs should no i Urther funding be received. At the end of the financial year, unrestricted fLinds totalled £169,016 of which £128,649 is represented by tangible assets, leaving surplus free reserves of £40,36712023= £44,642). The charitable company requires £24,133 for redundancy provision and £3,773 for three months, running costs, Ilotal £27,906). See designated reserve. The plans of the Irustees for the balance of unrestricted reserves is to cover temporary shortfalls in cash flow, funding unexpected cost and maintain short terms staffing levels during gap% in funding.
WOODLANDS COMMUNITY CENTRE LIMITED ST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 PLANS FOR THE FUTURE Woodlands Community Centre recognises that in order to maintain our level and quality of service we musl continue to be committed to and invest in a range of key measures including. 1. Formulate a 5-year Funding Strategy Establish a comprehensive plan to secure diversified funding sources, including grants, donations, and fundraising events. This strategy will align with a revised staffing structure aimed al increasing staffing levels. 2. Fundraising Goals Plan fundraising events such as charity Prize Bingo, raffles elc lo pay for coach trips Apply for grants lo support new and existing programs. Expansion of Services Introduce new programs for youth development, including after-school tutoring and sports activities. Expand mental health support seniices with additional counselling sessions and 3. Community Outreach Launch a voSunleer recruitment campaign lo increase Gommunity involvement 4. Training & Development We will invest in professional development for our staff and volunteers, training sessions and certification programs. 5. Sustai nability Initiatives Implement a recycling program within the community centre. Seek funding to install solar panels to reduce energy costs and promote green energy. 6. Educational Programs Develop adult education classes focusing on digital literacy and job skills. Orgariise health and Vwellriess discussions for all age groups. STRUCTURE, GOVERNANCE AND MANAGEMENT The organisalion is a charitable company limited by guarantee, incorporated on 10th November 2005 (company number 056189741 and registered as a charity Icharily number 1130282) on 23rd June 2009. The Governing Instruments under which the charitable company operates comprise the Memorandum and Articles of Association dated 28th October 2005.
WOODLANDS COMMUNITY CENTRE LIMITED ST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The organisation was formerly known as Woodlands Residents Association which was originally sel up in 1975 and underwent a transfer of assets to Woodlands Community Centre Limited dated 30th November 2013. The Management Committee comprises five volunteer directors and a Company Secretary from a cross section of backgrounds, experiences and skills. There are two part lime core members of staff and three other part time staff members including a caretaker and 2 youth workers who are employed to assist with the smooth and efficient running of the day-to-day activities of the Charily. All directors are nominated and provided with director's pack, which contains terms of reference, and trustees are encouraged to participate in Quality Assurance Training. All staff undertakes continuous training and development relevant to their job roles. REFERENCE AND ADMINISTRATIVE DETAILS Name Woodlands Community Centre Limited 05618974 Company Number Charity Number Registered Office 1130282 30 Woodlands Square Netherley Liverpool Merseyside. L27 5RZ V Graham R Heron l Johnson E Slyles H Thompson J Robinson Truslees (Appointed 1s1 November 2023) (Resigned 27th September 20231 Company Secretary Independent Examiner Ying Huang FCCA clo LCVS 151 Dale Street Liverpool L2 2AH Banker5 HSBC Bank PIC 3 Allerton Road Woolton Liverpool, L25 7RB Slgned on behalf of the Board of Truslees lan Johnso Trustees Date..
WOODLANDS COMMUNITY CENTRE LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charitable company as at the balance sheet dale and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial stalements, the trustees should follow best practice and.. select suitable accounting policies and then apply them consistently., observe the methods and principle in the Charities SORP., make judgements and estimates that are reasonable and prudent., prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume that the company will continue as a going concern., slate whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charitable company and lo enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and delecticn of fraud and Oter irregularities. The financial statements have been prepared in accordance With the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published IFRS 102) (effective 1 sl January 20191. By the Order of the board, obinson Company Secretanj 30 Woodlands Square Netherley Liverpool Merseyside L27 5RZ Date.. .i.n.Jial.zty,..... 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WOODLANDS COMMUNITY CENTRE LIMITED report on the accounts of the charitable company for the year ended 3151 March 2024, which are sel out on pages 12 to 24. The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Acl 2011 (the 2011 Act) and that an independent examination is needed. 11 is my responsibility to.. examine the accounts under section 145 of the 2011 Act, lo follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515llbl of the 2011 Act, and to state whether particular matters have come lo my attention. Res ective res onsibilities of trustees and examiner Basis of inde endent examiner's slafement 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 the accounts presented with those records. also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning 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 lo whether the accounls present a 'lrue and fair, view and the report is limited to those matters set out in the statement below. Inde endenl examiners statement In connection with my examination, no malter has come to my altenlior,.. {11 which gives me reasonable cause to believe thal in, any material rospect, the requirements= to keep accounting records in accordance with section 386 of the Companies Acl 2006., and to prepare accounts which accord with the accounting records and compl'i ivith the accounting requirements of section 396 of the Companies Act 2006 and with the metlods and priyciples of the S12tement of Recomrriended Practice.. Accounting and Repor'Ling Charities have not been met-, or {21 lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name.. Ying Huang Relevant professional qualification or body". FCCA Address.. clo LCVS 151, Dale Street, Liverpool, L2 2AH Dated-.
WOODLANDS COMMUNITY CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING INCOME & EXPENDITURE ST ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 Notes Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Income and endowments from: Charitable activities Other trading activities I nvestments 3a 3b 3c 973 7,294 317 87,208 88,181 7,294 317 124,451 5,124 83 Total income 8,584 87,208 95,792 129,658 Expendi'iure on: Charitable activities 15,091 87,638 102,729 111,277 Total expenditure 15,091 87,638 102.729 111,277 Net lexpenditure)lincome, net movement in funds 16,507) {430) 16,9371 18,381 Total funds brought forward 9,10 175,523 35,395 210,918 192,537 Total funds carried forward 8-10 169,016 34,965 203,981 210.918 The notes on pages 14 10 24 form part of these accounts. All the above amounts relate to continuing activities of Ihe charitable company.
WOODLANDS COMMUNITY CENTRE LIMITED Company Number: 05618974 ST BALANCE SHEET AS AT 31 MARCH 2024 Notes 6t 31 March 2024 6t 31 March 2023 Fixed assets Tangible fixed assets 135,009 130,881 Current assels Debtors Cash at bank and ir, hand 624 69,613 563 80,674 70,237 81,237 Current liabilities Creditors.. amounts falling due within one year 11,265) 11,200} Net current assets 68,972 80,037 Total assets less current liabilities 203,981 210,918 Funds: Unrestricted funds Restricted funds 169,016 34.965 175,523 35,395 8.10 203,981 210,918 These financial slalements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021. These accounts have been prepared in accordance with the provisions applicable to small companies subject lo Ihe small companies, regime and in accordance with FRS102 SORP. For the period covered by these accounts the company was entitled to exemption under section 477 oflhe Companies Acl 2006 relating to small companies. No members have required the company lo oblain an audit of ils accounts for the year in question in accordance with section 476 of the Companies Act 2006. The Iruslees, who are the directors of the company, acknowledge iheir responsibility for complying with the requirements of the Act wilh respect lo accounting records and the preparation of financial slatements. Signed on behalf of the Board on .... . lan Johns n - Trustees Date: 13
WOODLANDS COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST Limited Liability The charity is a company limited by guarantee. Each member's liability is limited to £10. 2. Accounting Policies Basis of accounting The accounts have been prepared under the historical cost convention with items recognised at cosl or Iransaction value unless otherwise staled in the relevant nole{sl to Ihese ac-ounls. The financial statements have been prepared in accordance with the charity's trust cieed, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in aGcordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland published (FRS 102) las amended for accounting periods commencing from 1 st January 20191 and Charities Act 2011 and Ihe Companies Act 2006. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not lo prepare a Statement of Cash Flows. Going concern At the time of approving the accounts, the trustees have a reasonable expectation that the charitable company has adequate funds lo 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 trustees lo apply in accordan with the cnaritabie coryipany s charitable objeciives. Designated funds are funds sel aside by the Trustees out of unrestricted funds for specific future purposes. Restricled funds are subject lo 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. Income recognition All incr¥me is rtscognised once the charity I2s entitlement to th,e incom certainly of receipt and so il is probable that the income will be received, and the amount of income receivable can be measured reliably. Income from charitable activities is recognised on an accrual's basis eXpt for grants receivable, which are recognised on the date on which their unconditional payment is confirmed by the donor. Income from other trading activities relates to fundraising income and room hire and fundraising and is recognised when the amount is certain. Income from investment relates to bank interest retrived and is recognised when the amount is rtaIn. 14
WOODLANDS COMMUNITY CENTRE LIMITED 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 conslruclive 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 réliably. All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Aclivilies. 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 the objectives of the charitable company. Support and governance costs relate lo the management and operation of the organisation and also compliance with conslilutional and slatulory requirements in producing the annual report. These are dealt wilh in the Statement of Financial Activities when payment has been approved by the charitable company. Fixed Assets Capital expenditure is staled in the balance sheet at cost or revaluation less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its expected useful life as below.. Freehold land and bJi ildings Equipment Computer Equipment Cash ctnd cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafls. 20/0 per annum slraighl line basis 20°/o per annum straight line basis 200/0 per annum straight line basis Financial instrurnents The charity has elected to apply the provisions of Secliop. 11 'Basic Financial Instruments, and Section 12 '01her Financial Inslruriients Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheel when the charity becomes party to The contractual provisions of the instrument. Financial asselb aiid liabilities are offiel, with the net ariiounts prebented in Lhe Iinancial slaiemenLS, when there is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a nel 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 amorlised cost using the effective interest method unless the arrangement constitutes a financing transaction, where ihe transaction is measured al the present value of the futurè receipts discounted at a market raie of interest. Financial a55ets classified as receivable wilhin one year are not amortised. 15
WOODLANDS COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at 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 rale 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. Derecog nition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The charitable company benefits from various exemptions from taxation afforded by lax legislation and are not liable lo corporation tax on income or gains falling within those exemptions. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates aiid a>sumptions aboal 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 lo 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 aftecls both rurrent and fulLire periods. 16
WOODLANDS COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST 3. Income and endowments from.. U nrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 a. Charitable activities: Activities Subscriptions Cilizen Advice Liverpool Household Support fund Clinically Extreinely Vulnerable Family Hub small grants Feeding Liverpool Healthy Activity and Food LCVS Community Impact Fund LCVS Holiday Activities Liverpool City Council Community Resource Grant Liverpool City Council- Sports Liverpool City Council - Youth and Play Grant Local Neighbourhood Fund Mayoral Neighbourhood Fund Mpac Sutton Croft Tudor Trust UK Shard Prosperity Fund 973 973 1,253 1,250 1,250 40,237 1,000 1,000 4,900 20,765 1,000 3,000 11,500 11,500 11,500 705 6,593 700 700 9,000 16,500 33,000 6,965 6,593 7,193 700 700 9,000 16,500 33,000 6,965 1,048 2,850 30,000 973 87,208 88,181 124,451 Income frorn charitable activities in 2023 comprised £1,2b3 for unresiricled funds and £123,198 related to restricted funds. b. Other trading activities: Hall and room hire Furidraising events 5,069 2,225 5,069 2,225 4,084 1,040 7,294 7,294 5,124 Other trading activities Income for 2023 related wholly to unrestricted ':ur.ds. Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 c. Investments: Bank interest 317 317 83 Income from investments for 2023 related wholly to unrestricted funds.
WOODLANDS COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST 4. Expenditure on charitable activities Direct Support & Charitable Governance Expenditure Costs Total 2024 Total 2023 To provide facilities for recreation and leisure time 62,559 40,170 102,729 111,277 a. Analysed as follows.. 2024 2023 Direct charitable expenditure.. Staff salary costs Tutors Running costs Community activities and trips Lunches and deliveries Materials 26,263 8,780 10,058 12,029 3,221 2,208 24,807 6,290 11,215 12,584 4,415 6,437 62,559 65.748 Support & Governance costs." Staff salary costs Office costs Travel e¥.penses Insurance Registrations Health and safely Sundry expenses Bank charges Payroll fees Accodnlancy Depreciation 26,867 2.923 3.180 1,602 348 32,717 1,855 5,123 1,450 419 87 405 1,265 3,488 86 414 1,200 2,242 40,170 45,529 Total expenditLire on charitable activliies 102,729 111,277 £87,63812023. £103,208) of the above expenditure relates to restricted funding. b. Staff Costs 2024 2023 Gross salaries 53,130 57,524
WOODLANDS COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST Particulars of employees.. The number of employees during the year was as follows.. 2024 2023 Charitable activity No employee received emoluments of more than £60,000 during the year. The Trustees are not remunerated for their services and are not included in the above number of employees. 4. Tangible fixed assets Freehold Land & Equipment Computer Buildings Equipment Total Cost and Revaluation: Balance at 1st April 2023 Additions in the year 146,000 329 799 146,329 7,616 6,817 Balance at 31, March 2024 146,000 1,128 6,817 153,945 Accumulated Doprecia.ion: Balance at 1 S,. April 2023 Charge for the year 15,330 2,190 118 162 15,448 3,488 1,136 Balance at 01S'. March 2024 17,520 280 1,136 18,936 st Net Book Value at 31 March 2024 128,480 848 5,681 135,009 Net Book Value at 31 st March 2023 130,670 211 130,881 The property Woodlands Community Centre, 30 Woodlands Square Mias donatad by tle Woodlands residents, society and held by the Charity Commission up to 191h December 2016. A revaluation of the freehold18nd and buildings was carried out by S K Re21 Estate on 6 DecemDer 2016 al a ijalue of L146,000. I he trusttses hai'e includea +he freehold land and buildings al this value less subsequent depreciation. 5. Debtors 2024 2023 Prepayments 624 563 19
WOODLANDS COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST 6. Creditors.. amounts falling due within one year 2024 2023 Accruals 1,265 1,200 7. Analysis of net assets between funds 2024 Tangible Net Current Fixed Assets Assets Total Unrestricted Funds General Fund Revaluation reserve Designated Funds 169 128,480 12.461 12,630 128,480 27,906 27,906 128,649 40,367 169,016 Restricted Funds Family Hub sm,all grants Local Neighbourhood Fund 1,000 700 1,000 700 425 3,122 24,037 5,681 Sullon Croft Tudor Trust UK Shared Prosperity Fund 254 2,868 24,037 5,681 6,360 28,605 34,965 Totals 135,009 68.972 203,981 20
WOODLANDS COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST 2023 Tangible Net Current Fixed Assets Assets Total Unrestricted Funds General Fund Revaluation reserve Designated Funds 211 130,670 20,431 20,642 130,670 24,211 24,211 130,881 44,642 175,523 Restricted Funds Clinically Extremely Vulnerable Feeding Liverpool Healthy Activity and Food LCVS Comrriunily Impact Fund Mayoral Neighbourhood Fund Tudor Trust 17,083 1,305 3,470 85 390 13,062 17,083 1,305 3,470 85 390 13,062 35,395 35,395 Totals 130.881 80,037 210,918 8. Unrestricted funds Movements in the Year Income Expenditure Transfer between funds Reserves at Beginning of year Reserves at End of Year 2024 General Fund Revaluation reserve Designated fund 20,642 130,670 8,584 112,901) 12,190) 13,695) 12,630 128,480 24,211 3,695 27,906 175,523 8,584 115,0911 169,016 Movements in the Year Income Expenditure Reserves at Beginning of year I ransfei between funds Reserves at End of Year 2023 General Fund Revaluation reseNe Designated fund 21,569 132,860 22,703 6,460 (5,8791 {2,1901 11,5081 20,642 130,670 24,211 1,508 177,132 6,470 {8,0691 175,523 21
WOODLANDS COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST General Fund is used lo finance the charitable company's general activities as OLJtlined in the Trustees, Report Revaluation reserves deprecation. Designated Fund funds set aside by the Trustees to contribute towards redundancy costs and three months, running costs as per reserves policy. valuation of the freehold land and buildings less subsequent 9. Restricted funds Movements in the Year Income Expenditure Reserves at Beginning of year Reserves at End of the year 2024 Citizen Advice Liverpool Household Support fund Clinically Extremely Vulnerable Family Hub s.811 gran,, Feeding Liverpool r4eallhy Activity and Food LCVS Community Impact Fund Liverpool City Council Community Resource Grant Liverpool City Council Youth and Play Grant Local Neighbourhood Fund Mayoral Neighbourhood Fund Mpac Sutton Croft Tudor Trust UK Shared Prosperity Fund 1,250 11,250) 17,083 117,083) 1,000 1,QOO 1,305 11,3051 {3,4701 (851 85 11,500 {11,5001 6,593 {6,5931 700 700 390 700 {1 ,0901 {8,5751 (13,3781 (22,0251 {1 ,2841 9,000 16,500 33,000 6,965 425 3,122 24,037 5,681 13,062 35,395 87,208 (87,638) 34,965 22
WOODLANDS COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST Movements in the Year Income Expenditure Reserves at Beginning of year Reserves at End of the year 2023 Clinically Extremely Vulnerable Feeding Liverpool Healthy Activity and Food LCVS Community Impact Fund LCVS Holiday Activities Liverpool City Council Community Resource Grant Liverpool City Council Holiday Activities Liverpool City Council- Sports Liverpool City Council Youth and Pla G,"ant Mayoral Neighbourhood Fund Mpac Radio City Cash for Kids Tudor Trust 40,237 (23,1541 {3,5951 {19,6811 {1,0551 {3,0001 (11,500) 17,083 1,305 3,470 4,900 20,765 2,386 140 1,000 85 3,000 11,500 225 1225) 705 1705) 7,193 (7,193) 1,048 2,850 1658) 13,206) 1700) 128,536) 390 356 700 11,598 30,000 13,062 15,405 123.198 1103,2081 35,395 Description of Funds: Ihese are funds given to the charitable company to be spent at the discretion of th.e Board for specific charitable purposes, as follows.. Citizen Advice Liverpool Household Support fund - Contribution towards community | Ji iiches Clinically Extremely Vulnerable Project costs including salary for Community DeveloDfJ ienl 'Norker Family Hub small grants ~ con.tribution towardo Children & Young people Holiday 2CllVities and food provision Feeding Liverpool Contribution towards Food supplies Healthy Activity and Food Contribution towards school holiday activities and lunches LCVS Community Impact Fund Contribution towards 'Community Wellbeing and Community Activities, project. LCVS Holiday Activities - Contribution towards school holiday activities 23
WOODLANDS COMMUNITY CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST Liverpool City Council Community Resource Grant - Delivery of community cohesion activities, and salaries. The funding was expended as over.. 2024 2023 Salaries 11,500 11,500 Liverpool City Council - Holiday Activities Contribution towards school holiday activities Liverpool City Council Sports Contribution towards delivering Yoga & Meditation sessions lo adult carers in the community. Liverpool City Council Youth and Play Grant Contribution towards the delivery of youth activities. Mayoral Neighbourhood Fund Contribution towards Youth and play provision. Mpac Contribution towards posilive about play holiday activities for children. National Lottery Awards for All contribution towards 'Our Place, project Radio City Cash for Kids Contribution towards children and young people activities, including trips. Sutton Croft - Contribution towards Children & Young people Holiday activities and food provision Tudor Trust - Contribution towards salaries and core costs, Covid food support UK Shared Prosperity Fund - Contribution towards updating of Computer Suite 10. Lease Commitments There were no financial commitments under non-cancellable leases al year end {2023'. none). 11. Related Party Transactions There were no materia5 related party transactions during the year which require disclosure {2023 noriel. 2.ouarantees As at 31st March 2024, 26 members had given a guarantee of £10 each in the event of the company wip,ding-up. Total.. £26012023.. ?6 membLxrs £2601 24