Peter Street Centre Limited
Charity number 1136773
A Company limited by guarantee number 06475796
Annual Report and Financial Statements
for the year ended 31 March 2025
Peter Street Centre Limited
Annual Report and Financial Statements for the year ended 31 March 2025
| Contents | Page |
|---|---|
| Trustees' Annual Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Statement of Cash flows | 8 |
| Notes to the accounts | 9 to 14 |
Prepared by the Greater Merseyside Community Accountancy Service
1
Peter Street Centre Limited
Trustees' report continued
ACHIEVEMENTS AND PERFORMANCES
Current Tenants
The Peter Street Centre continues to host a range of tenants including Homestart St Helens, Making Space (formerly Footsteps), Mere Electrical, CHCP (City Healthcare Partnership), and Red Rose Therapy.
Room Hire and Financial Overview
For the year ending 2024, room hire revenue totalled approximately £135,000. However, this decreased to around £117,000 in the year ending 2025, contributing significantly to the reported deficit for the year. While room hire rates have remained largely unchanged, many organisations appear to be running fewer training sessions or choosing to conduct them in-house, as part of their own cost-saving measures.
Utility Costs and Supplier Changes
As reported last year, UK residents and businesses continue to feel the impact of rising fuel costs. Peter Street is no longer under contract with previous supplier OPUS; both gas and electricity are now provided by EDF. Current fuel prices remain a challenge, and the organisation is actively exploring opportunities to reduce costs where appropriate.
Future Plans and Building Maintenance
With only a few years remaining on the lease and over 18 years since the last refurbishment, maintaining the building remains an ongoing challenge. A comprehensive list of maintenance priorities has been created, and Board Directors receive regular monthly updates on progress.
To support long-term financial sustainability, increasing income from room hire remains a key focus. We are committed to identifying and responding to the needs of the local community, ensuring that the Centre continues to serve as a valuable and accessible resource for generations to come.
Our dedication to balancing corporate use with community engagement remains strong, with a continued emphasis on sustainability and adaptability to meet evolving needs.
PUBLIC BENEFIT
In identifying and reviewing these priorities, aims and objectives, plus the supporting actions and activities for the year, we have been fully mindful of the guidance contained in the Charity Commission’s general guidance on public benefit. We have aimed to ensure that all these planned actions and activities, agreed or noted by the Trustees/Directors at our regular Committee Meetings, are for public benefit.
2
Peter Street Centre Limited
Financial Review
The deficit of the charity for the year amounted to (£12,464) (Surplus £2,780 ~ 2024)
Reserves Policy
Details of the charity's reserves are shown in note 7a and show a figure of £81,920. This level of reserves is equivalent to 12 months of the centre's running costs.
Risk Management
The trustees actively review the major strategic, business and operational risks that the charity faces on a regular basis and acknowledge that the key risks relate to reduction in room hire and any major building issues.
Statement of Directors' responsibilities
Company law requires the directors to prepare financial accounts for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business;
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the Board on 3rd July 2025 and signed on behalf of the directors by:
David Crowther Chairperson
3
Reference and Administrative Details
Peter Street Centre Limited
Charity number 1136773
A Company limited by guarantee number 06475796
The trustees,who are the directors of the company for the purposes of company law, are pleased to present their report and financial statements together with the independent examiner's report for the year ended 31 March 2025.
Name Position Dates David Crowther Chair Ann Harrison Secretary Charles Pennington
Method of appointment
Trustees are elected by the members at the AGM
Registered address
Peter Street St Helens Merseyside WA10 2EQ
Bankers
Natwest 5 Ormskirk Street St Helens Merseyside WA10 1DR
Governing document
The organisation is a company limited by guarantee, incorporated on 17th January 2008 in the name of Peter Street Centre Limited Company Number 6475796 and registered as a Charity on 7th July 2010 Charity number 1136773.
The organisation was established under a Memorandum of Association, which established the objects and powers of the company and is governed under its Articles of Association.
Objects of the organisation
To further or benefit the residents of St Helens and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
In furtherance of these subjects but not otherwise, the trustees shall have the power: to establish or secure the establishment of a community centre and to maintain or manage or cooperate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects.
Accountant
on behalf of:
Greater Merseyside Community Accountancy Service
Beacon Building College Street St Helens WA10 1TF
4
Independent Examiner's report to the trustees of Peter Street Centre Limited
I report on the accounts of the charity for the year ended 31st March 2025 set out on pages 6 to 14.
Respective responsibilities of the Trustees and examiner
The charity's 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 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
q examine the accounts under section 145 of the 2011 Act;
q to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
q state whether particular matters have come to my attention.
Basis of Independent examiner's statement
My examination was carried out in accordance with the general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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 to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that in any material respect the requirements:
q to keep accounting records in accordance with section 386 of the Companies Act 2006; and
q to prepare accounts which accord with the accounting records and to comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jane Williams MAAT Greater Merseyside Community Accountancy Service Beacon Building College Street St Helens WA10 1TF
3rd July 2025
5
Peter Street Centre Limited
Statement of Financial Activities
(Including Income & Expenditure Account) for the year ended 31 March 2025
| Notes 2025 Unrestricted funds £ Income from: Income from donations (4) - Income from charitable activities (5) - Other incoming resources (6) 117,368 Bank interest - Total incoming resources 117,368 Resources expended Charitable activities (7) 129,832 Net incoming / (outgoing) resources (12,464) Transfers between funds - Net movement in funds (12,464) Reconciliation of funds Total funds as at 01 April 2024 93,754 Total funds as at 31 March 2025 (7a) 81,290 |
2025 Restricted funds £ - - - - - - - - - - - |
2025 Total funds £ - - 117,368 - 117,368 129,832 (12,464) - (12,464) 93,754 81,290 |
2024 Total funds £ - - 135,911 - |
|---|---|---|---|
| 135,911 | |||
| 133,131 | |||
| 2,780 - |
|||
| 2,780 90,974 |
|||
| 93,754 |
The above statement includes all gains and loses recognised during the year. All activities are regarded as continuing.
Comparative figures for the previous year by fund type are shown in Note 13. The Notes on pages 9 to 14 form an integral part of these accounts.
6
Peter Street Centre Limited
Charity number 1136773
A Company limited by guarantee number 06475796
Balance sheet
as at 31 March 2025
| 2025 Unrestricted Current Assets £ Debtors and prepayments (6) - Cash at bank and in hand (7) 81,957 Total current assets 81,957 Current liabilities: amounts falling due within one year Creditors (due within one year) (8) 667 Total current liabilities 667 Net Assets 81,290 Funds of the charity Restricted Funds - Unrestricted funds 81,290 Total Funds 81,290 |
2025 Restricted £ - - - - - - - - - |
2025 Total £ - 81,957 81,957 667 667 81,290 - 81,290 81,290 |
2024 Total £ 11,277 82,477 |
|---|---|---|---|
| 93,754 | |||
| - | |||
| - | |||
| 93,754 | |||
| - 93,754 |
|||
| 93,754 |
The trustees (who are also the directors of the company for the purposes of company law) confirm that for the year ended 31 March 2025
-
l the company was entitled to exemption from audit under section 477 of the Companies Act 2006, and
-
l the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act
the trustees acknowledge their responsiblities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
The notes on pages 9 to 14 form an integral part of these accounts.
These accounts, which have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies, were approved by the trustees on 3rd July 2025 and signed on their behalf by:
Ann Harrison Director / Trustee
7
Peter Street Centre Limited
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 March 2025
| Cash flows from operating activities: Net income/(expenditure) per SOFA Investment income (Increase)/decrease in debtors (5) Increase/(decrease) in creditors Cash flows from investing activities Investment income (6) Net increase/(decrease) in cash: Total cash as at 01 April 2024 Total cash as at 31 March 2025 |
2025 Total £ (12,464) - - - (12,464) - (12,464) 93,754 81,290 |
2024 Total £ 2,780 - - - |
|---|---|---|
| 2,780 | ||
| - | ||
| 2,780 90,974 |
||
| 93,754 |
The notes on pages 9 to 14 form an integral part of these accounts.
8
Peter Street Centre Limited
Notes to the accounts
for the year ended 31 March 2025
1 Basis of preparation
-
These accounts (financial statements) have been prepared under the historical cost convention,
-
1.1 with items recognised at cost or transaction value, unless otherwise stated in the relevant note(s), in accordance with:
-
(a) The Charities Act 2011
-
(b) The Companies Act 2006
-
(c) The Financial Reporting Standard applicable in the UK and the Republic of Ireland: FRS 102
-
(d) Accounting & Reporting by Charities: Statement of Recommended Practice (Charities SORP FRS 102) (effective January 2019)
-
1.2 The charity meets the definition of a public benefit entity as defined by FRS 102
-
1.3[The][trustees][consider][that][there][are][not][material][uncertainties][about][the][charity's][ability][to] continue as a going concern.
2 Accounting Policies
2.1 Fund accounting
(a) Unrestricted funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity.
(b) Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, or when funds are raised for specific purposes.
- (c) The purposes of the funds are shown in Note 7a.
2.2 Income
- (a) Income is recognised and included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the income; receipt is probable; and the monetary value can be measured with sufficient reliability.
(b) Where income has related expenditure, the income and related expenditure are reported gross in the SOFA.
-
(c) Bank interest is recognised when credited to the account.
-
(d) Gift Aid, where appropriate, is recognised in the same accounting period as the donation to which it relates.
(e) Income, which is subject to conditions that the charity has yet to fulfil, or which is specifically for use in a future accounting period, is treated as deferred income.
2.3 Expenditure and liabilities
-
(a) Expenditure is recognised on the accruals basis.
-
(b) The charity is registered for VAT, thus all costs are shown net of VAT.
-
(c) Liabilities are recognised as soon as there is a legal or constructive obligation to pay out resources.
(d) Governance costs include the costs of preparation and examination of the statutory accounts, the cost of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
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Peter Street Centre Limited
Notes to the accounts
for the year ended 31 March 2025
2.4 Tangible Fixed Assets
(a) Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £1,000. They are valued at cost or, if gifted, at their value on receipt. Rates of depreciation
Building Improvements: 20% straight line basis to nil Fixtures and fittings: 15% straight line basis to nil Equipment: 20% straight line basis to nil
2.5 Debtors
(a) Debtors are recognised at the settlement amount due.
(b) Prepayments are valued at the amount prepaid.
2.6 Cash
(a) Cash comprises bank deposits repayable on demand and any short-term highly liquid investments with a maturity date of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Creditors
(a) Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount, usually the invoice amount.
- (b) Accrued charges are normally valued at their settlement amount.
2.8 Taxation
The charity is not liable to income tax or capital gains tax on its charitable activities.
3 Transactions with trustees and related parties
No trustees received any remuneration or expenses during the accounting period.
Owing to the nature of the charity's activities and the composition of the board of trustees (being drawn from local statutory and voluntary organisation), it is inevitable that transactions will take place with organisations in which a trustee may have an interest. All transactions in which a trustee may have an interest are conducted at arm's length and in accordance with the charity's financial regulations and expenditure procedures. No transactions were indentified which should be disclosed under FRS 102.
10
Peter Street Centre Limited
Notes to the accounts
for the year ended 31 March 2025
4 Income from donations
| 4 Income from donations |
||||
|---|---|---|---|---|
| Donations 5 Income from charitable activities Miscelleneous Income 6 Other Incoming resources from charitable activities Room hire charges |
Unrestricted funds £ - - 2025 Unrestricted funds £ - - Unrestricted funds £ 117,368 117,368 |
Restricted funds £ - - 2025 Restricted funds £ - - Restricted funds £ - - |
Total funds £ - - 2025 Total funds £ - - Total funds £ 117,368 117,368 |
Total funds £ - |
| - | ||||
| 2024 Total funds £ - |
||||
| - | ||||
| Total funds £ 135,911 |
||||
| 135,911 |
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Peter Street Centre Limited
Notes to the accounts
for the year ended 31 March 2025
7 Expenditure of charitable activities
| 2025 Unrestricted funds Direct Costs £ Salaries and NICs (4) 38,260 Payroll costs 262 Memberships & fees - Vending and Catering 3,535 Cleaning, caretaking and materials 37,440 Telecommunications, postage and IT 727 Printing and stationery 4,845 Equipment - Bank Charges 280 Repairs & Renewals 13,566 Utilities 29,992 Insurance 667 Governance Costs (8) 259 Total resources expended 129,832 |
2025 Unrestricted funds Direct Costs £ Salaries and NICs (4) 38,260 Payroll costs 262 Memberships & fees - Vending and Catering 3,535 Cleaning, caretaking and materials 37,440 Telecommunications, postage and IT 727 Printing and stationery 4,845 Equipment - Bank Charges 280 Repairs & Renewals 13,566 Utilities 29,992 Insurance 667 Governance Costs (8) 259 Total resources expended 129,832 |
2025 Restricted funds |
2025 Total funds |
2024 Total funds |
|---|---|---|---|---|
| £ 38,260 262 - 3,535 37,440 727 4,845 - 280 13,566 29,992 667 259 129,832 |
£ - - - - - - - - - - - - - - |
£ 38,260 262 - 3,535 37,440 727 4,845 - 280 13,566 29,992 667 259 129,832 |
£ 40,185 228 90 2,373 35,526 666 5,824 275 321 23,833 21,963 1,622 225 |
|
| 133,131 |
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Peter Street Centre Limited
Notes to the accounts
for the year ended 31 March 2025
| 7a 8 9 10 11 **12 ** |
Movements in funds | |||||
|---|---|---|---|---|---|---|
| Unrestricted funds General funds Restricted funds Total funds Governance Costs Independent Examiners' fee Annual Return Fee Fees Debtors and prepayments Debtors Prepayments Cash at bank and in hand Current Account Cash in hand Creditors and accruals Creditors Accruals Staff costs and numbers Gross salaries Pensions |
As at 01/04/2024 |
Incoming Resources |
Outgoing Resources |
Transfers | As at 31/03/2025 |
|
| £ 93,754 |
£ 117,368 |
£ 129,832 |
£ - |
£ 81,290 |
||
| - - 93,754 |
- - 117,368 |
- - 129,832 |
- - - |
- | ||
| - | ||||||
| 81,290 | ||||||
| 2025 £ 225 34 - 259 £ - - - £ 78,986 2,971 81,957 £ 667 - 667 £ 36,648 1,612 38,260 |
2024 £ 225 - - |
|||||
| 225 | ||||||
| £ 11,277 - |
||||||
| 11,277 | ||||||
| £ 79,342 3,135 |
||||||
| 82,477 | ||||||
| £ - - |
||||||
| - | ||||||
| £ 38,573 1,612 |
||||||
| 40,185 |
No employee earned £50,000 per annum or more in the current accounting period The average number of employees during the year was 1 (2024:1)
The charity operates defined contribution pension schemes in respect of its employees. These contributions are made to externally administered pension schemes. The pension cost represents the contributions payable by the organisation to the fund.
13
Peter Street Centre Limited
Notes to the accounts
for the year ended 31 March 2025
| 13 Comparative income and expenditure by fund type 2025 £ Income from: Income from donations - Income from charitable activities - Other incoming resources 117,368 Bank interest - Total incoming resources 117,368 Expenditure on: Charitable activities 129,832 Net incoming / (outgoing) resources (12,464) Transfers between funds - Net movement in funds (12,464) Reconciliation of funds Total funds as at 01 April 2024 93,754 Total funds as at 31 March 2025 (7a) 81,290 Unrestricted |
13 Comparative income and expenditure by fund type 2025 £ Income from: Income from donations - Income from charitable activities - Other incoming resources 117,368 Bank interest - Total incoming resources 117,368 Expenditure on: Charitable activities 129,832 Net incoming / (outgoing) resources (12,464) Transfers between funds - Net movement in funds (12,464) Reconciliation of funds Total funds as at 01 April 2024 93,754 Total funds as at 31 March 2025 (7a) 81,290 Unrestricted |
13 Comparative income and expenditure by fund type 2025 £ Income from: Income from donations - Income from charitable activities - Other incoming resources 117,368 Bank interest - Total incoming resources 117,368 Expenditure on: Charitable activities 129,832 Net incoming / (outgoing) resources (12,464) Transfers between funds - Net movement in funds (12,464) Reconciliation of funds Total funds as at 01 April 2024 93,754 Total funds as at 31 March 2025 (7a) 81,290 Unrestricted |
|||
|---|---|---|---|---|---|
| Income from: Income from donations Income from charitable activities Other incoming resources Bank interest Total incoming resources Expenditure on: Charitable activities Net incoming / (outgoing) resources Transfers between funds Net movement in funds Reconciliation of funds Total funds as at 01 April 2024 Total funds as at 31 March 2025 (7a) |
2025 £ - - 117,368 - 117,368 129,832 (12,464) - (12,464) 93,754 81,290 Unrestricted |
2024 £ - - 135,911 - 135,911 133,131 2,780 - 2,780 90,974 93,754 Funds |
2025 2024 £ £ - - - - - - - - - - - - - - - - - - - - - - Restricted Funds |
||
| - | |||||
| - | |||||
| - - |
|||||
| - - |
|||||
| - |
14