The L20 Hub
Charity No. 1147852
Company No. 08096773
Tntstees. Report and Unau&rted Accounts
31 Marth 2023
111
INIII
*ACVGKY)N•
2510112024
COMPANIES HCXJSE
A19
#106

The L20 Hub
Contents
Pages
2to7
Trustees. Annual Report
Independent ExaminÈrf5 Report
Staternent of Financial Activities
8t08
9t09
8alance Sheet
Iotolo
Notes to the Accounts
Ilto20
Page I

The L20 Hub
Trustee5 Annual Report
The tnjstees, who are also direcior5 of the charity for the purposes of the Compan￿5 Act 2C(16,
herein present their report with the unaudited tinantial statements of the charity forthe year
ended 31 March 2023.
The financial statemenls have been prepared in accordance with the accounting policies set out
in Note I to the accounts and comply with the charity's 8overnin8 document. the Charf(ies Act
2011, the Companies Act 2(M)6 and Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charit￿5 preparing their accounts in accordance with the
Financial Reporting Standard 102 ap￿ICable in the UK and Republic of Ireknd.
REFERENCE AND AI>MINISTRATIVE DETAILS
Company No. 08096773
Charity No. 1147852
Re8istered Office
St Marys Complexstudio 8
Waverley Street
Bc￿lIe
Merseyside
L20 4AP
Oirectors and Trustees
The Directors of the charitable company are its Trustees for the Purposes of charity law.
The following Directors and Trustees served during the year-
O.P. Clare
C.L. McGuire
J. Murphy
K.D. Owens
E.S. Robinson
Resigned 31st Au8USt 2023
Key Managernenl Personnel
Chair
Accountants
Eloise Robinsi)n
Sefton Council for Voluntary Service
Burlington House
Crosby Road North
Waterloo
Liverpool
L22 OLG
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Mallrng
Kent
ME19 4JQ
Page 2

The L20 Hub
T¢ustee5 Annual Report
OBJEcnvE5 AND ACTIVITIES
The charity delivers a range of youth and community projects. services and actrvities designed to
deliver social. educational. and recreational benefrts to residents of Bootle. The charity focusses
on dtsèdvantage. deprivation. and inequality by providing the above to children. young people.
older people and the wider community.
Due to an injertion of fundin8 from September 2022 we became ful￿ operational and started
offering the following:
. Projert f¢xu55ed youth work-Afl Clubs. Cooking Classes
• Youth Choir
Media Club- Podcasts. joumalism. film makin& content creation
Duke of Edinburgh
• Girls Clubs
Multi sports
Communlty
. Coffee Momin8
• Community day trips
Pride of Sefton
Bury Market
Xmas Theatre Trip
• Friday Fitne55
• Ad HIK projects
ParentGroups- Fun 4Tots
. Community Growing projects
Canal & Rlver Trust- £IC(Kl lowards staff training
Sefton MBC IComrnissionedl- £65,CiKI to SUPWrt the delivery of youth and community servKes
in the Bootle Derby Ward.
Burbo Bank Extension Fund- £17,376 to 5UPPOrt project based around the utilisation of green
spa￿$ part funding.
National Lottery Reathing Communities- £225.356 towards recovery and redevelopment of core
services and operational costslempli)yment of staff.
Page 3

The L20 Hub
Tnjstees Annual Report
FINANCIAL REVIEW
The charitvs financial position at the end of the reporting period having started the year with
funds brought forward of £140,4￿ of which £80.868 was unrestricted. We end the year with
funds of £120,696 and unrestricted funds of £71.664. The decrease in unrestricted funds can be
linked to the ongoin8 costs of closing our old premises on Oxford Road and rel¢xating to Bootle
Cricket Club.
The charity became fulty operational again in September 2022 with all staff back to work.
functioning premises and funding to 5UPPOrt the next 3 years of delNery and operational costs
There has been no surplus of funding this year. The value of Ourt￿ed assets has decreased from
£26,084 to £19,744. This relates to the deprecwtion of ihe 2 minibuses which are each now I
year ol(ler.
Over 40% of our income came from our After Sch¢)ol Club. which up until March 2020 was
self-sustaining. As this service is no longer in operation. we are feeling the impact of not havin8
the additional income that previously contributed to the sustainability of the chèrity. The
continues to weather the impact of a 40% income reduction. but now that the Charity has
secured long term fvndin& we can begin to explore potential enterprise. Our largest source of
income is the reslrirted grants from Sefton MBC and our recent award of National Lottery
Reaching Communities funding.
RISKS AND uNCERTAI￿lEs
Charity premises
The charrf(y resides at St Marys Complex. Thi5 building plus the surrounding environment and
diverse network of multiskilled CICS is a positive rrt for the organisation and will facilitate many
opportunities goin8 forward. However, despite the positNes. the building is very old and not
completely fit for purpose. We are limited to what we can deliver long terrn. We now must
consider our next steps to finding ihe right premises to serve as our Yorever home..
Unfortunately, this will be particularly difficult as there is still a lack of available property in the
area. Our need for enterprise to generate unrestricted rncome for the charity is becoming more
and more urgent if we are to look for alternative premises.
Brexlt
Brexit
'Brexlt' remains an uncertainty around the potential impact on our ability to raise funds. There is
continued worry around the impact it could have on our community and the possible increased
need for support. Liverpool docks are a major employer for the area so there is concern around
exports and the effect on employrnent. Disadvantaged areas such as Bootle. which 15 Still
suffering from years of austerity and cuts to desperately needed services: are foreseen a5 being
particularly vulnerable 10 the impact of Brexit. It IS ¥ital that we are able to maintain our seNices
in the event of a break in grant funding. We continLJe to develop and cement our service5. in
particular our supportive Servi￿5. Reserves have also been set assde for bridging the potential
gap in grant funding.
Page 4

The L20 Hub
Trustees Annual Report
Cost of liv¢ng crisis
The cost-of-living cr￿lS has been increasing across the UK since early 2021. The annual rate of
inflation is predirted io reach over 10.5% in Ortober 2023. With thi4 in mind we are particularly
concerned about the affordabilrty of rents. seNices and goods. Our reserves remain intact should
we not secure sufficient funding within the next 12 months and will seThe as a bridge while we
work to generate sufficient income via funding steams and enterprise.
The charity has always prided itself on beine a'Real living wage. or￿n1$8t10n however. we will
have to give ihis Status serious review as proposed inllation could mean an hour￿ salary increase
of over £1, which could be unaffordable given the charities current financial position.
RESERVES POLICY AND DESIGNATED FUNDS
Our readily realisable reser¥es stand at £51.920. With the precariousness of the charity's current
situation and the ever.changin8 guidelines associated to the Covid-19 pandemic these reseNes
are designated by the trLtstees lo meet the operat￿nal needs of the Charity in the year lo corne.
This figure equates to between 3-6 months operating costs at current levels. £16.5￿ of
unrestricted funds from the cash account has been set aside fr¢)m to cover the cost of works
needed to develop an offKe space/youth and community base so the charity can tontinue its
work, whilst finding a new premse.
PLANS FOR FUTURE PERIODS
The last 24 month5 has been a huge period of change for The L20 Hub Iformerly CLryCCI.
However. we are in a promising position with a new name. operations manager and a newly
defined 5trate8ic direction.
We are settled in our new office and working towards defining our salellite model. For the
coming year we hope to find a new venue to base ourselves and grow. Alongside this we are
exploring possible enterprise opwrtunities.
Our services are in consistent development and review with particular focus on:
. Community Coffee Mornings
. Youth Ser¥ices
. Community projects (Art Hub. Community Walks)
• Fitness Sessions
Parent Groups
. Community growing sessions
The plan for the next year is to apply for large grants thal support our newly defined
strategic direct#)n and identify mandatory and CPD training for staff.
Page 5

The L20 Hub
Tntstees Annual Report
Our objective continues to support ihe development of strong levels of job satisfaction
when working or volunteering at The L20 Hub. Bespoke training matrixes for staff that cover
mandatory training such as Health and Safety, Safeguardin& COSHH. Risk Asses5inE etc and
individual development and organi5ational development training such as Mental Health
Awareness. managi￿ Change, servKe specrfic CPD etc will be core practice. We are
continuously working to reach our objertives and are committed to creating a workforce
that is well equipped and qualified to be reactive and competent in adapting to the
ever-changin8 needs of communities and youn8 people.
We have developed strong links and relationships with partner provrders and peers and are
active in sharing best practice and buildin8 alliances- this is a continual investment.
We will continue to develop our services and provision's. targeting all ages in the
Community. especially those most affected by the growing effects of il Austerty. ill Gang
Culture & Gun/Knrfe Crime iiil a Divided Society whether throu8h generational. political.
domestic, religiouslsectarian differences.
Our work continues to be children and young person hea￿. We continue to focus on our
community services with the vision of creating an equal focus right across the areas
demographic. With particular focus on hea￿h. fitness. mental health. social isolation,
employability. skills for lrfe and support. We recognise it is a priority to attract new people
and more people to ensure our Community Services meet changing needs in 8ootle.
Our Trustees along with the CEO are proartive in ensuring that all our prograrnmes are
delNered in a manner that always keeps people safe and secure. As always. we endeavour
to promote a strong sense of welcome and communrty. The tontinuation of our
safeguarding culture remains our hghest priorrty.
STRLicfuRE, GOVERNANCE AND MANAGEMENT
The L20 Hub is a ￿giStered charity111478521, and a company limited by guarantee1080967731.
The trustees of the charity are the directors of the company. The registered office as of April
2022 is Studio 8, St Marfs Complex. Waverley Street. Bootle. L20 4AP.
The following trustees served during the year 202212023.. Mrs Eloise Robinson, Mr David Clare.
Mr Joshua Murphy, Ms Carolyn McGuire. Mr Karl Owens
Maggi Aslet representing Sefton CVS meets with the trustees and atterbds meetings WTth a view
to supporting the direction of the charity.
The thariws trustees on 1st Novernber 2023 approv￿ the Trustees. Annual Report and attathed
financial statement5.'
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 2W6. The Trustees are also responsible for
safeguarding the assets of the tharity and hence taking reasonab￿ steps for the prevention and
detection of fraud and other irregularities.
Page 6

The L20 Hub
Trustees Annual Report
The above report has been prepared in accordance with the provisions applicable to companies
subject to the small companies regime as set out in Part 15 of the Companies Act 2ry)6 and in
accordance with the Charities SORP IFRS 1021.
Signed on beha￿ of the board
E Robinson
E.S. Robinson
Trustee
21 December 2023
Page 7

The L20 Hub
Independent Examiners Report
Independent Examiner's Report to the trustee5 ofThe izo Hub
l report to the charity trustees on my examination of the financial statements of The L20 Hub for the year
ended 31 March 2023 which comprise the Statement of Financial Activities. the Summary Income and
Expenditure Account. the Balance Sheet and the related notes.
Responsibilities and basis of report
As the trustees of the charity land also its d1￿CtOrS for the purposes of company l?wl you are responsible for
the preparation ol the financial ststements in accordance with the requirements of the Companies Act 2W6
I'the 2006 Act.
Having satisfied myseff that the financial statements of the charity are not required to be autlited under Part
16 of the 21KJ6 Act and are eligible for independent examination, I report in respect of my examination of
your charity's financial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act.).
In carrying out my examination I have lollowed the Directions given by the Charity Commission under section
1451511bl of ihe 2011 Art.
Independent examinerfs statement
Independent Eumlner's Report to the trustees of The L20 Mub
I have completed my examination. I can confirm that no materk?I matters have come to my attention in
connection with the examination giving me cause to believe that:
accounting records were not kept in accordan￿ with sect40n 386 of the 2W6 Act . or
the financial statements do not accord with those records: or
• the financial statements do not comply with the atc¢)untinE requirements under section 396 of the 2006
Act other than any requirement that the financial 5tateTnents give a 'true and fair, view which is not a
matter conside￿d as part of an independent examination- or
• the financial statements have not been prepared in accordan￿ with the Charities SORP IFRS 1021.
I have no concerns and have come across no other matters in connection with the ex8mination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statement5 to be reached.
Simone Meme
Sefton Council for V￿U￿tary Service
Burlington House
Crosby Road North
Waterloo
Liverpool
L22 OLG
21 December 2023
Page 8

The L20 Hub
Statement ol Financial Activities
forthe year ended 31 March 2023
Unrestricted
funds
2023
Restrirted
nds Totsl fvnds Total funds
20Z3
2023
2022
N￿eS
Inwffle and endowments
from:
Donations and legacies
Charitable activities
897
250
673
109,584
110,481
250
673
86.074
4.690
17
Investments
Total
1,820
109,584
111,404
90,781
Expenditwe w:
Charitable attivities
Other
11,024
120,084
131,108
127,338
Total
11,024
120,084
131,108
127,338
Net gains on investments
Net expenditure
Transfers between funds
19,2041
110,51JOI
119,7041
136,5571
Net expenditure before other
8alns/llossesl
19,2041
110,5001
119.7041
136,5571
Other gains and losses
Netmovement in funds
19,2041
119.7041
136,5571
Reconclliatlon of tunds:
Total funds brought forward
80.868
59.532
140.4K
176.957
Totsl funds carried forward
71,664
49.032
120.696
140,400
Page 9

The L20 Hub
Balance Sheet
at 31 March 2023
Company No. 08096773
Notes
2023
2022
Flxed assets
Tangible assets
io
19,744
19,744
26.084
26,084
Current assets
Debtors
Cash at bank and in hand
li
L3
IIX).165
101,465
15131
I￿.952
8.050
114,860
122,910
18.5941
114.316
Creditors: Amount falling due within one year
Net current assets
12
Tolal assets less current liabilities
120,696
140,400
Net assets ex¢ludin8 pension asset or liability
120.696
140.400
Total net assets
120,696
140,400
The funds ofthe durity
Restricted funds
Restricted income funds
13
49,032
49,032
59,532
59.532
Unrestricted funds
General funds
Designated funds
30,420
41.244
33,284
47.584
71.664
80.868
Reserves
13
Totsl funds
120.696
140,400
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 31 March 2023 the company was entitled to exemption under settion 477 of the
Companies Act 2￿6 ￿lating to small companies.
The members have not required the company to obtain an audit in accordance with Section 476 of the
Companies Act 2((J6.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2LK)6 with respect to accounting records and the preparation of accounts.
Approved by the board on 21 Detember 2023
And signed on its behalf by:
E Robinson
E.5. Robinson
Trustee
21 December 2023
Page 10

The L20 Hub
Notes to the Accounts
for the yeor ended 31 March 2023
l A¢¢ountln8 policies
Basis of preparntion
The financial Statements have been prepared in accordance with the charity's governing document, the
Companies Act 2(K16, FRS 102 'The Financial Reportrng Standard applicable in the UK and Republic of
Ireland" I'FRS 102,1 and the Charities SORP"Accounting and Reporting by Charities.. statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable Trn the UK and Republic of IreLand IFRS 1021" leffective l January 20191.
The charity meets the definition ol a public benefrt entty under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value Un￿55 Otherwise stated in the ￿levaTht accounting
policy note. The funttional currency used is the £ Sierling.
Assets and liabilities are initially recognized at historical cost ortransaction value unless otherwlse stated
in the relevant accounting policy note.
The fvnctional currency used is the £ Sterling.
Preparation of the accounts on a going concern tsa￿$
At the time of approving the accounts, the trustees, have a reasonabk expectation that the Charity ha5
adequate ￿sOurCeS to continue in operational existence for the forseeable future. As such these
accounts have been prepared under the g04ng concern basis.
Change in basis of accountin8 orto previous acc(wnts
There has been no change to the accounting polic￿$ (valuation rules and meth¢xl of Kcountingl since
last year and no changes have been made to accounts for previous years.
Fund aeeountinÈ
Un￿StrICted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted f4Jnds which include a revaluation ￿serve representing the
restatement of investmeni assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted furKIs
Page 11

The L20 Hub
Notes to the Accounts
Income
Recognition of
income
Income is included in the Statement of Financial Attivities ISOFAI when the charity
becomes entitled to. and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income ha5 related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Vdyntary income ￿eNed by way of grants. donat￿n5 and gifts is included in the
the SOFA when receNable and onty when the Charity has unconditional
entitlement to the income.
Income from tax reclaims 15 induded in the SOFA at the same time as the
Tax reclairn5 on
donations and gifts giftldonation to which it relates.
Donated services
These are only induded in income (with an equivalent amount in expendtturel
and facilities
where the benefrt to the Charity ts reasonably quantrf￿tsle, measurable and
material.
Volunteer help
The value of any volunteer help receNed is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gainslllosses} on
This inC￿deS any gain or loss resufting from revaluing investments to rnarket value
revaluation of fixed at the end of the year.
assets
Gainslllossesl on
investment assets
This includes any gain or loss on the Sa￿ of investments.
Expend•lure
Recognition of
expendr(ure
Expenditure is recognised on an accruals basis. Expendilure includes any VAT which
cannot be fulty recovered. and is ￿Ported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary incorne, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These Comprise the costs incurfed by the Charrty in the delivery of its actlvities and
charitable activtties services in the furtherance of its objects. including the making of grants and
80¥emance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constrtutional and statutory
requirement5 of the Charity. including any auditlindependent examination fees.
tosts linked to the strategic management of the Charity, together with a share of
other administration costs.
These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Other expenditure
Taxatlon
The charity is exempt from corporation tax on ￿ charitable artivities.
Page 12

The L20 Hub
Notes to ihe Accounts
Freehold investment propertv
Investment properties are measured inilially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Artivities as thev
rise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willin8 to pay for the item5 on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade d￿COunt5 due.
Cash and cash e4Mlents
Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other
short-term highly liquid Trnvestments with original maturrfties of three months or less and bank overdrafts.
In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdraft5 that are
repayable on demand and form an integral part of the company's cash management.
Trade and other credito
Short term creditors are measured at the transacth)n price. Other creditors and provisions are recognlsed
where the charity has a present obligation resulting from a past event that will probab￿ result in the
transfer of funds to a third party and the amount due to settle the oblvdation can be rneasured or
estimated reliably- Creditors and provisbons are nornially recognised at their settlement amount after
allowing for any trade discounts due.
Re5ear¢h and development
Expenditure on research and development is written off in the year in which it 15 incurred.
Foreign curren¢les
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rate5 of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity a￿ recorded at the rate of
exchange on the date that the transartion occurred.
All exchange diffe￿nceS are a￿ tsken into account in arri¥ing at net irKomelexpenditure.
Page 13

The L20 Hub
Notes to the Accounts
Leased assels
Where the charity enters into a lease which entails taking substantialty all the risks and rewards of
ownership of an asset. the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to tharity are classified
as operating leases.
Assets held under finance ￿aSe$ are initially recognised as assets of the chartty at their fair value at the
inception of the lease or. if lower, at the present value of the minimum lease payments. The
correspondbng liability to the lessor is included in the balance sheet date as a finance lease oblF&ation.
Lease payments are appOrt￿ned between finance expenses and reduction of the lease obligation so as to
athieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
reco8nised immediately. unless they are dire￿￿ attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's wlicy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned a55ets.
Operating lease payments are recoenised as an expense on a straight-line ba515 over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggre8ate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension Costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is
pension plan under which the company pays r￿ed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obligations. The contributions are
reco8nised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independentty administered funds.
Receipt of donated goods, faclllties arml services
All donated goods, facilities and services recewed are recognsed within incoming resources and
expenditure at an estimate of the value to the charity-
2 Company status
The company is a private ccmnpany limited by guarantee and consequently does not have share capital.
Page 14

The L20 Hub
Notes to the ACt￿nts
3 Intome from doTratlons and legacies
Unrestrlrted
Total
2023
Total
Z022
Sefton MBC- Youth Work
Sefton MBC-
Neiehbourhoods Division
Canal & River Trust
25.(KKI
25,000
25,1
40,000
40,
4,190
PH Holt
National Lottery Communty
Fund
38,438
38,438
Burbo Bank
4.446
500
4,446
500
Sefton CVS
Donations
897
1.097
210
Job Retention Scheme
13,674
86,074
897
109,584
110,481
4 Income from tharitable acti¥itie5
Unrestricted
Total
Total
2023
2022
Activity Fees
Mini Bus Hire
4,030
250
250
250
250
4,6
S Income from investments
Unre5trirted
T¢)tal
Total
2023
2022
Bank Interest
673
673
17
673
673
17
Page 15

The L20 Hub
Notes to the Accounts
6 Expendilure on charitable artivities
Unre5trirted
Restricted
Total
2023
Total
2022
Expenditure on charitable
octAVlties
Activity Fees
Mini Bus Hire
4.847
2.867
4,545
86.389
4.073
4,847
2,867
4.545
87,007
7,438
5,281
3.376
618
Food Purchases
Employee costs
Premises costs
618
80.143
10,453
3.365
Amortisation. depreciation.
impairment. profitlloss on
disposal of fixed assets
General administrative costs
6,340
6.340
8,422
701
10.068
7.295
10,769
7.295
10,660
8,385
Legal and professional costs
Governonce costs
11.024
120,084
131,108
127.338
7 Other expendityre
Unrestricted Restrlrted
Total
Total
2023
2022
Employee costs
Premises costs
Amort15ation, depreciation.
impairment, profitlloss on
disp)sal of f￿e￿ assets
General administratNe costs
618
86.389
4.073
87,007
7.438
80,143
10.453
3.365
6.340
6,340
8.422
701
10.068
7,295
107,825
10.769
7,295
118.849
10,660
8,385
118.063
Legal arbd professional costs
11.024
8 Net expendlture before translers
2023
2022
This is stated after chargin8'.
Depreciation of owned fixed assets
9 stsff costs
6.340
8.422
2023
84,730
1.509
277
86.516
2022
78,038
1,236
229
79,503
Salaries and wages
Social securitv C05ts
Pension costs
No employee received ernoluments in excess of £60.(m.
Page 16

The L20 Hub
Notes to the Accounts
10 Tangible fixed a￿ets
Cost or revaluatlon
At l April 2022
At 31 March 2023
Depreciation and
impaim)ent
At l April 2022
Depreciation charge for the
year
At 31 March 2023
54,499
54,499
9,222
9,222
63,721
63,721
30.910
6,727
37,637
5.897
443
6,340
36,807
7,170
43,977
Net book rdlues
At 31 March 2023
At 31 March 2022
11 Debtors
17.692
23,589
2,052
2.495
19.744
26,084
2023
2022
Trade debtors
Other debtors
1.3(Kl
4.060
8.050
1.3
12 Credlt¢rs:
amounts falling due wrthin orte year
2023
2022
Othertaxes and social security
Other creditors
Accrua15
8,032
62
213
300
5CK)
513
8,594
Pa8e 17

The L20 Hub
Notes to the A¢¢ounts
13 Movement in l￿dS
Incoming
resour￿5
At31
March
2023
Resources
expended
Gross
tra115fers
lin¢ludin8
At l April
other
2022 gainsllosses)
Restricted funds:
Restricted Income fuftds:
National Lotterycommunily
Fund
Bridge - Sefton MBC
Footlbank
Children In Need
Canal & River Trust
38.438
132.7921
(lo.￿2)
14,5321
11.5571
14.1251
125,1351
5.646
10,IX12
4,532
1.557
4,190
32,830
1.065
32,895
Sefton MBC Youth Projert
Sefton MBC Neighbourhoods
Division
Steve Morgan Foundation
Park Project
PH Holt
Burbo Bank
5efton CVS jubilee Fund
25,2(M)
5.120
166
862
273
137.9011
7.219
166
862
273
9)6
4,446
13.5401
15001
Totol
59.532
109.584
1120.0841
49,032
Unrestrfded funds:
General funds
33,284
1.820
111,0241
6.340
30,420
Designated funds:
Fixed Asset Fund
Business Contingency Fund
Property Development Fund
Tot¢71
26.084
5,0
16,51Xl
16,3401
19.744
s,￿0
16,500
47,584
16,3401
41.244
Totsl lunds
140.4C
111.404
1131.1081
120,696
Purp05e5 and ￿$triCt10n$ in relation to the funds:
Restricted funds-
National Lottery Community To support operath)ns and employee cost.
Fund
Bridge - Sefton MBC
Foodbank
To supwrt young people with additional needs.
To supwrt local community during cost of living crisis.
To supw)rt local community during cost of living crisi5.
Grani was awarded to cover staff training.
Commissioned seNKe fvnding to support young people.
Children In Need
Canal & River Trust
Sefton M8C Youth Project
Page 18

The L20 Hub
Notes to the Accounts
Sefton MBC Netghbourhoods Commissioned funding for communty work.
Division
Steve Morgan Foundation
Park Project
PH Holt
Burbo Bank
Sefton CVS Jvbilee Fund
Awarded during Covid-19 for tommunty projects.
This grant was given to Supr￿ project based around green spaces.
Core funding 10 SUPlX)rt or operations.
This grant wa5 Erven to support project based around green spaces.
Awarded to ￿lebrate the Queen's Jubilee.
Desi8nate(J funds..
Fixed Asset Fund
Represents monies ordinarbly not available for charity.
Business Contingency Fund To support any unplanned expenditu￿.
Property Development Fund To support repaits and renewal of premises.
14 Analysis of net assets between funds
Unrestrirted
nds
Restrfrted
fund5
Totsl
Fixed assets
19.744
51,920
71,664
19,744
100,952
120.696
Net current assets
49,032
49.032
15 Reconciliation of Cash I (Net debt)
At31
Mafch
2023
At l April
2022
Cash flows
Cash and cash equivalents
114,860
114.860
114,6951
114,6951
ICQ.165
l(M),165
Net Cash / INet Debt)
114,860
114.6951
IC(1,165
FRS 102 requires an entity to report change5 in net debt in the accounting period. The L20 Hub d¢)es not
carry any debt or other born>wirbgS and has a positrrfe net cash position.
Page 19

The 120 Hub
Notes to the Accowfts
16 Commitinents
Opemting leose commitments
Annual commitments under non-cancellable operating leases are as follows:
2023
Land and
2023
2022
land and
bulldings
2022
Other
Other
buildings
Operating leases with expiry date:
Pension commitments
2023
2022
The pension cost charge to the compary
amounted to-.
277
229
17 Related party disdosure$
Controlling porty
The company 15 limited by guarantee and has no share capital- thus no sin8le party controls the company.
Si£n•ture'.
Emall: eloise@the120hub.co.uk
Page 20