REGISTERED CHARITY NUMBER: 1151736 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR FRIENDS OF LowfHER PAVILION Rushtons Chartered Accountants Avroe House Avroe Crescent Blackpool Business Park Blackpool Lancashire FY4 2DP
FRIENDS OF LowfHER PAVILION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Report of thè Trustees 1 to 2 Independent ExamIne3 Rèport ststomont of Flnanclal Actlvllle8 Balance Shoot Notes to the Financial Statements Detailed Statement of Financial Activities
FRIENDS OF LOWTHER PAVILION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019}. OBJECTIVES AND ACTIVITIES Objectives and aims The Charitys objective5 are to further the exclusive charitable purposes of the Lowther Gardens, Lytham registered charity 1117054 by the provision of assistance and support in particular to the Lowther Pavilion as the trustees shall determine. Publi¢ benefit All funds a for the benefit of the Lowther Pavilion. ACHIEVEMENT AND PERFORMANCE Charitable activities This year we have continued to raise funds for the theatre and, in particular towards the new performance and education centre which is expected to open in April 2025. We had a fund raising campaign which successfully raised £27,550 for the sound dask and lighting Gonsole for this new building. Thank you for all your support with this. Therè have also been 6 outdoor festivals throughout the year, which have been well supported. Totsl funds raised from these totalled £2,565.79. Thank you to everyone who helped on these days and all the donations for our stalls. We now have a dedicated events team that spend lime organising these activities, and making sur8 sufficient items are available for all crafts and tombolas. In August we held our usual 1940s dance. This was a huge suwess. with Ration Pa¢k$ being provided by Loher Café again this year. Our Great British Tea Dance was held on the Sunday afternoon and due lo this selling out beforehand, we quickly organised on8 for thè Saturday aftemoon. Again. a lot of work for the organisers and voluntsers but we raised £2,436.18. The Friends have launched Classically Lowther, a small intimate afternoon concert series, featuring classical music in the Studion)ar. While it's still earfy days, the response so far has been promising. We are running at a loss, but intend to recover this with our Decemb8r 2024 Concert. Thank you again for all the organisers and volunteers who help with these events. We continue to promots new members to Friends of Lowther Pavilion. and our membership team have worf<ed hard during the year with the introduction of our membership discount card. There are currently 6 local businesses that offer the Friends a dis¢ount using this card. Thanks again for all the hard work of thé m8mb8rship team. Membership has increased in numbers by 18'A this year. Our financial donation to Lowther this y8ar was £27,550 to cover the purchase of the sound and decking system for the new education centre. Thank you again for all your 5UPPOrt During the financial year our expenditu exceeded income by £7.062. FINANCIAL REVIEW RerVo9 policy The Trustees recognise the need to maintain reserves at £2,000 to meet the future adminislralion costs of the Charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing do¢ument The Charity is a ¢hari12ble trust governed by a Trust Deed datsd 23rd April 2013. Trustees, including the Secretary and Treasurer are elert from the members to Serve for one year at each Annual General Meeting. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charfty number 1151735 Prlnclpal addre9• 57 Central Drive Lytham St Annes Lancashire FY8 4DF Page 1
FRIENDS OF LowfHER PAVILION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Trust•es A Mercer B Gemmell B Davis M Sault J Lawnce Treasurer D Rowe C O'Hara D Revington S Fell M Kirby (appointed 15.1.241 C Zeall (appointed 15.1.241 Indopondont Examlner Rushtons Chartered Accountants Avroe House Avroe Crescent B12¢kpool Eusiness Park Blackpool Lancashire FY4 2DP Approved by order of the board of trustees on .-................. and signed on its behalf by= Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF LowfHER PAVILION Independent examlner'8 report to the trustèes of Friends of Lowlhèr Pavlllon I report to the charity trustees on my examination of thè accounts of Friends of Lowther Pavilion (Ihe Trust) for the year ended 31 August 2024. ResponslbllltSes and basis of rgport As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe ACYI. I report in respect of my examination of the Trusys accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5llb) of the Acl. Independent examinerfs statom¢nt I have completed my examination. I confirm that no material matters have come to my attention in Connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord wth those records,. or Ihe accounts do not comply wth the applicable requirements conceming the fom and ¢ontent of accounts set out in the Charities {Accounts and Reports) Regulation$ 2008 other than any requirement that the accounts give a true and fair view which is not a mattèr considered as part of an indep8nd8nt 8xamination. I have no con¢ems and have come across no other matters in connection wth the examination to which attention should b8 drawn in this report in order to enable a proper understanding of the accounts to be reached. C Calvert ACA Rushtons Chartered Accountants Avroe House Avroe Crescent Blad(pool Business Park Blackpool Lancashire FY4 20P Page 3
FRIENDS OF LowfHER PAVILION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 18.355 5.143 Other trading aGtiwlies 11,017 18.368 Total 29.372 23.511 EXPENDITURE ON Raising funds 6,472 11,598 Charitable activlties 2,412 1,298 Other 27.550 5,694 Total 36,434 18.590 NET INCOMEI{EXPENDITURE) 17,062) 4,921 RECONCILIATION OF FUNDS Total funds brought foard 20,936 16.015 TOTAL FUNDS CARRIED FORWARD 13,874 20.936 The notss form part of these financial statements Page 4
FRIENDS OF LOWTHER PAVILION BALANCE SHEET 31 AUGUST 2024 2024 Unrestricted fund 2023 Total fiJnds Notes CURRENT ASSETS Stocks Debtors Cash at bank and in hand 1,543 12,331 5,202 15.690 13,874 20.936 NEf CURRENT ASSETS 13,874 20.936 TOTAL ASSETS LESS CURRENT LIABILITIES 13,874 20,936 NET ASSETS 13,874 20,936 FUNDS Unrestricted funds 13,874 20,936 TOTAL FUNDS 13,874 20,936 The fin ncial statements were approved by the Board of Truslees and authorised for issue on
'LS......... and were signed on its behalf by.. Truste8 The notes fomi part of these financial statements Pag8 5
FRIENDS OF LowfHER PAVILION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a publi¢ benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounts'ng and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 2019),, Financial Reporttng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitr'es Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the ftjnds. it is probable that the income will be received 8nd the amount can be measured reliably. Expendlture Liabilities are recognised as expendrture as soon as there is a legal or Gonstructive obligation Gommitting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligats'on can be measured reliably. Expenditure is accounted for on an a¢¢ruals basis and has been classified under hèadings that aggregate all cost related lo the category. Where costs cannot be directly attributed to particular headings they have be8n allocated to activities on a basis consistent with the use of resours. stocks stocks are valued al the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is éxempt from tax on its charitable activities. Fund accountlng UnstriCted fvnds Can be used in accordance with the Charitable objective$ at the di$¢tion of the trustees. Restricted fijnds can only be used for particular wlricted purposes within the objects of the charity. Restrtctions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fvnd is included in the notes to the financial statements. OTHER TRADING ACTIVITIES 2024 2023 Fundraising events 11,017 18,368 TRUSTEES. REMUNERATION AND BENEFITS There were no truste8s' remunèration or other benefits for the year ended 31 August 2024 nor for the yéar ended 31 August 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 August 2024 nor for the yèar ended 31 August 2023. Page 6 continued...
FRIENDS OF LowfHER PAVILION NOTES TO THE FINANCIAL STATEMENTS - eontinuèd FOR THE YEAR ENDED 31 AUGUST 2024 COIIIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nd INCOME AND ENDOWMENTS FROM Donations and legacies 5.143 Other trading activities 18,368 Total 23,511 EXPENDITURE ON Raising funds 11,598 Charltable actlvltles 1,298 Other 5,694 Total 18.590 NET INCOME 4,921 RECONCILIATION OF FUNDS Total funds brought forward 16,015 TOTAL FUNDS CARRIED FORWARD 20,936 STOCKS 2024 2023 stocks DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income Prepayments 975 568 5,202 1,543 5.202 MOVEMENT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unregtrl¢ted funds General fund 20,936 (7,0621 13,874 TOTAL FUNDS 20,936 (7,0621 13,874 Page 7 continued...
FRIENDS OF LowfHER PAVILION NOTES TO THE FINANCIAL STATEMENTS . ¢ontinued FOR THE YEAR ENDED 31 AUGUST 2024 MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as foll¢)ws". Incoming resources Resources expended Movem8nt in funds Unrè8tri¢t•d funds General fund 29,372 {36.434) (7,0621 TOTAL FUNDS 29,372 {36,434J {7,062) Comparatives for movement In funds Net movement in funds At 31.8.23 At 1.9.22 Unrestricted funds General fund 16,015 4,921 20,936 TOTAL FUNOS 16,015 4,921 20,936 Comparative net movement in funds, in¢luded in the above are 85 follows.. Incoming resources Resources expended Movement in funds Unrestrlcted fund8 General fund 23.511 {18,590) 4,921 TOTAL FUNDS 23.511 {18,590) 4.921 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 August 2024. Page 8
FRIENDS OF LowfHER PAVILION DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacles Donations Gift aid Subscriptions 11,634 736 5,985 567 4,575 18,355 5,143 Other tradlng actlvltles Fundraising events 11.017 18,368 Total Incoming resources 29,372 23,511 EXPENDITURE othor trading activities Charitable actiwtips 6,472 11,598 Charltsble actlvltles Insurance Memorial Seat Sponsorship Postage and stationery Sundries Pavement Signs Purchased 320 302 200 276 263 257 218 298 836 1,298 other Donations to Lowther Pavilion 27.550 5.694 Support costs Flnance Bank Charges 1.576 Total resources expended 36.434 18.590 Net (expondlturo)Ilncomo (7,062> 4,921 This page does not fom part of the ststutory finan¢ial statements Page 9