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← Ambition Lawrence Weston

2023-12-31-accounts

AMBITION LAWRENCE WESTON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

Charity Number 1152237 Company Registration Number 08179331

AMBITION LAWRENCE WESTON

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

CONTENTS PAGE
Legal and Administrative Information 1
Trustees Annual Report 2 - 6
Independent Examiner’s Report 7 - 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 - 22

AMBITION LAWRENCE WESTON

REFERENCE AND ADMINISTRATIVE INFORMATION

YEAR ENDED 31 DECEMBER 2023

Status

Ambition Lawrence Weston is a company limited by guarantee (registration number 08179331) and granted charitable status by the Charity Commission registration number 1152237.

Trustees (also known as Directors)

Norman Routledge Waltraud Pospischil Stephen Hall Jamie Siggers Katrina Booker Jackie Crouch Birgit Thornhill Jordan Hudd Norman Laity Daphne Chikwere (appointed 19 April 2024) Timothy Leaman (resigned 29 August 2023)

Company Secretary

Mark Pepper

Registered Address

Ambition Lawrence Weston c/o Lawrence Weston Youth Centre Long Cross Lawrence Weston Bristol BS11 ORX

Bankers

Unity Trust Bank Nine Brindleyplace Birmingham B1 2HB

Independent Examiner

Joshua Kingston BSc, ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

1

AMBITION LAWRENCE WESTON

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2023

The trustees present their report and the unaudited financial statements for the year ended 31 December 2023.

Structure, Governance and Management

The charity is constituted as a company limited by guarantee, incorporated on 14[th] August 2012, registered under the Companies Act (registration number 08179331) and its governing document is a Memorandum of Articles of Association. It was granted a charitable status on 31[st] May 2013 by the Charity Commission under registration number 1152237.

At present the charity is over seen by 10 trustees, with a majority of these being local residents. We recruit new trustees as and when the charity’s needs and demands require. We do this through advertising in our local newsletter, via our social media platforms and website, and through third party VCS organisations, such as “Voscur” and “Locality”, and via our city wide business links. We then interview candidates to ensure they hold the correct skills, knowledge and experience to bring value to the board and the charity’s overall aims.

Trustees

Ambition Lawrence Weston is an incorporated charity and therefore the Directors of the Company are also the Charity Trustees for the purposes of charity law. The trustees are listed on page 1.

Board meetings are held one every eight weeks.

Policies

The trustees have agreed policies covering the following areas:

2

AMBITION LAWRENCE WESTON

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2023

Objectives

The promotion of urban regeneration in areas of social and economic deprivation for public benefit, and in particular in the area of Lawrence Weston and the surrounding neighbourhoods in the City of Bristol, by all or any of the following means; (i) the relief of poverty and financial hardship (ii) the maintenance improvement of provision of public amenities (iii) the protection or conservation of the environment (iv) the promotion of public safety and the prevention of crime (v) the creation of training and employment opportunities by the provision of workspace, buildings, and/or land for use on favourable terms (vi) the provision of public health facilities and childcare and the promotion of health of local inhabitants for the public benefit.

Public benefit

In shaping the objectives for the year and planning activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’.

Activities and achievements

Over the past twelve months since our last report and financial statements were filed, we have successfully returned to our original pre-COVID service delivery. This shift occurred after the removal of the national COVID-related lockdown and the adjustments we made due to pandemic-related challenges.

This relates to recommencement of face-to-face delivery, group activities and other works.

Delivery

There have been two major events:

As a result of the above we have placed more focus on supporting residents with their increased costs of living, whilst also seeking additional funding for our own core and project costs, as well as our main delivery and services as directed by our residents written community and development plan.

Some of the focused delivery has included:

In addition to our cost-of-living initiatives mentioned earlier, we’ve achieved the following:

3

AMBITION LAWRENCE WESTON

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2023

Some of the charity’s work delivered in 2023 includes:

The above helps to meet the charity’s objective: (i) the relief of poverty and financial

hardship.

The above helps to meet the Charity’s objective: (ii) the maintenance improvement or provision of public amenities

Environment

The above helps to meet the Charity’s objective: (v) the creation of training and employment opportunities….

4

AMBITION LAWRENCE WESTON

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2023

Financial review

The result for the period is a deficit of £166,130 against a surplus of £93,797 in the prior year. The principal reason for this being work commenced on the new community hub, these funds were allocated specifically for that purpose.

Reserves

In order to maintain effective operations of the organisation the Board has agreed to maintain a financial reserve of 3 months operating costs which equates to approx. £40,000.

This level of reserves would allow staff to continue working to secure new funding and if necessary to allow a period of time to cut services in a way whereby service users are supported to move on. The Board has agreed that a period of 6 months reserve should be the longer-term aim. This is an amount it considers prudent in the event of a major business interruption as determined by an analysis of risks to the charity.

At the year-end total reserves amount to £311,671 comprising of £100,944 unrestricted free reserves, and restricted funds of £210,727. The current level of free reserves is higher than the anticipated amount £40,000. The trustees review the current financial position and the level of reserves at each Board meeting. If it appears that the level of reserves is moving in a direction that could mean that meeting the policy is at risk, appropriate corrective actions will be considered. This ensures that such actions will be taken on a timely basis.

Going concern

The Board has no material uncertainties about the charity’s ability to continue as a going concern.

Statement of trustees’ responsibilities

The trustees (who are also directors of Ambition Lawrence Weston for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

5

AMBITION LAWRENCE WESTON

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2023

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements 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 detection of fraud and other irregularities.

Signed on behalf of the charity’s trustees/directors on 25 July 2024.

…………………………………

Norman Routledge

(Trustee)

6

AMBITION LAWRENCE WESTON

INDEPENDENT EXAMINER’S REPORT

YEAR ENDED 31 DECEMBER 2023

Independent examiner’s report to the trustees of Ambition Lawrence Weston (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

7

AMBITION LAWRENCE WESTON

INDEPENDENT EXAMINER’S REPORT

YEAR ENDED 31 DECEMBER 2023

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Josh Kingston ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: 25 July 2024

8

AMBITION LAWRENCE WESTON

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2023

Note
Income from:
Donations and grants
2
Other trading activities
4
Other income
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income/(expenditure)
8
Transfers between funds
13
Net movement in funds
Total funds at start of year
13
Total funds at end of year
13		 Unrestricted
Funds
£
8,446
10,995
-
19,441
25,011
25,011
(5,570)
18,120
12,550
88,394
100,944		 Restricted
Funds
£
418,582
13,197
-
431,779
592,339
592,339
(160,560)
(18,120)
(178,680)
389,407
210,727		 Total Funds
2023
£
427,028
24,192
-
451,220
617,350
617,350
(166,130)
-
(166,130)
477,801
311,671		 Total Funds
2022
£
311,273
17,527
750
329,550
235,753
235,753
93,797
-
93,797
384,004
477,801

The Charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

The notes on pages 11 to 22 form part of these financial statements. See note 10 for fund accounting comparative figures.

9

AMBITION LAWRENCE WESTON

BALANCE SHEET

AS AT 31 DECEMBER 2023

Company number: 08179331

Note
Current assets
Debtors
11
Cash at bank and in hand
Liabilities
Creditors : amounts falling
12
due within one year
Net current assets
Net assets
FUNDS
Unrestricted funds
14
Restricted funds
14
Total funds		 2023
£
121,993
217,845
339,838
(28,167)
311,671
311,671
100,944
210,727
311,671		 2022
£
4,592
481,755
486,347
(8,546)
477,801
477,801
88,394
389,407
477,801

For the year in question, the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities;

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the trustees on 25 July 2024 and are signed on their behalf by:

…...................................................... …...................................................... Norman Routledge Stephen Hall (Trustee) (Trustee)

The notes on pages 11 to 21 form part of these financial statements.

10

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Accounting convention

The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Companies Act 2006.

The charity is a public benefit entity as defined under FRS102.

The trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern.

Income

Income from donations is included in income when these are receivable, except as follows:

I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;

II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.

Legacies are included on a receivable basis where charity is entitled to the income, it can be measured reliably and receipt is probable. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is not included in income but is treated as a contingent asset and disclosed if material.

Investment income is included on a receivable basis.

Donations in kind comprise donated services where the costs are measurable and the services would otherwise have to be paid for to maintain operational effectiveness.

Expenditure

Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.

Charitable Activities

Grants awarded are allocated to charitable activities.

Grants awarded are treated as expenditure and a liability in the accounts as soon as they become legal or constructive obligations. In the case of multi-year grant awards, the funding for all years is immediately recognised unless there are conditions which need to be met by the recipient to enable the release of subsequent years’ funding.

11

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Governance costs are included within support costs.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered .

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statements of financial position, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised 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 independently administered funds.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.

Further explanation of the nature and purpose of each fund is included in notes to the financial statements.

12

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

2 Income from: Donations and grants

Donations
Grants received
Prior year comparative
Donations
Grants received		 Unrestricted
Funds
£
3,446
5,000
8,446
Unrestricted
Funds
£
5,108
4,958
10,066		 Restricted
Funds
£
31,345
387,237
418,582
Restricted
Funds
£
3,865
297,342
301,207		 Total Funds
2023
£
34,791
392,237
427,028
Total Funds
2022
£
8,973
302,300
311,273

3 Government grants

The charitable company receives government grants, defined as funding from, Bristol City Council & the National Lottery to fund its charitable activities. The total value of such grants in the period ending 31 December 2023 was £165,890 (2022: £206,140). There are no unfulfilled conditions of contingencies attaching to these grants in the current or prior year.

4 Income from: other trading activities

Room hire
Other services
Prior year comparative
Room hire
Other services		 Unrestricted
Funds
£
220
10,775
10,995
Unrestricted
Funds
£
40
9,155
9,195		 Restricted
Funds
£
11,465
1,732
13,197
Restricted
Funds
£
8,305
27
8,332		 Total Funds
2023
£
11,685
12,507
24,192
Total Funds
2022
£
8,345
9,182
17,527

13

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

5 Expenditure on: Charitable activities

Consultancy
Grants issued
Events
Volunteer expenses
Return of unspent grants
Media & communications
Newsletter
Staff Costs:
Wages & NI general
Pensions
Staff travel
Premise expense:
Rent & rates
Maintenance expense
Utilities
Administration costs:
Telephone & broadband
Office & admin
Printing, stationery & postage
IT supplier, software & subscriptions
Other expenses:
Insurance
Professional fees
Governance costs (Note 6)
Bank charges
Other costs		 Unrestricted
Funds
£
338
200
755
280
-
24
2,233
4,992
421
3,249
302
1,988
100
2,383
117
530
2,060
2,659
2,148
226
6
25,011		 Restricted
Funds
£
358,271
35,369
26,745
191
-
-
124,447
-
965
3,994
2,401
1,186
220
1,193
7,849
709
-
26,701
360
9
1,729
592,339		 Total Funds
2023
£
358,609
35,569
27,500
471
-
24
126,680
4,992
1,386
7,243
2,703
3,174
320
3,576
7,966
1,239
2,060
29,360
2,508
235
1,735
617,350

14

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

5 Expenditure on: Charitable activities (continued)

Prior year comparatives
Consultancy
Grants issued
Events
Volunteer expenses
Media & communications
Newsletter
Staff Costs:
Wages & NI general
Pensions
Staff travel
Premise expense:
Rent & rates
Maintenance expense
Utilities
Administration costs:
Telephone & broadband
Office & admin
Printing, stationery & postage
IT supplier, software & subscriptions
Other expenses:
Insurance
Professional fees
Governance costs (Note 6)
Bank charges
Other costs		 Unrestricted
Funds
£
135
4,000
125
20
24
2,572
4,639
1,140
58
182
273
165
267
636
417
-
1,034
2,280
168
-
18,135		 Restricted
Funds
£
49,654
6,499
10,890
271
849
116,780
-
233
2,442
3,827
7,990
409
200
5,039
127
1,728
7,967
-
-
2,713
217,618		 Total Funds
2022
£
49,789
10,499
11,015
291
873
119,352
4,639
1,373
2,500
4,009
8,263
574
467
5,675
544
1,728
9,001
2,280
168
2,713
235,753

6 Governance Costs

Independent examination/ accountancy Unrestricted
Funds
£
2,148
2,148		 Restricted
Funds
£
360
360		 Total Funds
2023
£
2,508
2,508		 Total Funds
2022
£
2,280
2,280

All governance costs in the prior year were unrestricted.

15

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

7 Analysis of grants

Grants awarded during was as follows:
Institutions
REWORK
Lockleaze Neighbourhood Trust
Heart of BS13
Eastside Community Trust
Shirehampton Community Action Forum
LW Community Chuch
The Rock Community Centre
Other small grants (<£1,000)
Total grants to institutions
Individuals
8 Net income/(expenditure) for the year
This is stated after charging:
Independent examiner's fees:
- for independent examination
- for other accounts preparation
Trustees' travel, meeting and training expenses		 2023
£
6,570
6,570
6,570
6,570
150
-
-
1,250
27,680
7,889
35,569
2023
£
990
1,518
-		 2022
£
1,000
1,000
1,000
1,000
1,700
1,000
1,000
1,949
9,649
850
10,499
2022
£
1,025
1,255
-

Stephen Hall (Trustee) was paid £338 (2022: £300) in respect of services provided to the charity. The charity's governing document being the Memorandum of Articles of Association (Article 6.2) is the legal authority under which the payments are permitted. Aside from this, the charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £Nil) neither were they reimbursed expenses during the year (2022: £Nil).

9 Staff costs and numbers

The aggregate payroll costs were:
Wages & salaries
Social security costs
Pension contributions		 2023
£
119,274
12,694
4,993
136,961		 2022
£
108,741
7,346
4,638
120,725

No employee received emoluments of more than £60,000.

The average monthly number of employees during the year was 3 (2022: 3), calculated on the basis of average headcount. The total employment benefits received by key management personnel including employer national insurance and employer pension were £58,951 (2022: £58,622).

16

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

10 Statement of Financial Activities comparative figures

For the year ended 31 Dec 2022
Income from:
Donations and grants
Other trading activities
Other income
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income/(expenditure) for the year
Transfers between funds
Net movement in funds
Total funds at start of year
Total funds at end of year		 Unrestricted
Funds
£
10,066
9,195
750
20,011
18,135
18,135
1,876
10,130
12,006
77,138
89,144		 Restricted
Funds
£
301,207
8,332
-
309,539
217,618
217,618
91,921
(10,130)
81,791
306,866
388,657		 Total Funds
2022
£
311,273
17,527
750
329,550
235,753
235,753
93,797
-
93,797
384,004
477,801

11 Debtors

Trade debtors
Other debtors		 2023
£
120,838
1,155
121,993		 2022
£
4,362
230
4,592
12 Creditors
Trade creditors
Other creditors
Taxation and social security
Accruals and deferred income		 2023
£
21,849
410
3,400
2,508
28,167		 2022
£
909
2,069
3,288
2,280
8,546

17

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

13 Movement in funds

For the year ended 31 December 2023

Restricted funds
Big Local Trust
BCC Hub
BCC Hub Equipment
Energy
BCC Public Health
On Your Doorstep
L'Dub Arts Club
Community Land Trust
Community Housing Fund
Power to change
Youth Centre
Transition Portishead Internship
Hub Research Project
CLHD - Power to change
Mancroft Park
BMX Track
Ward Meetings
Dolphin Society
LW in Bloom
Future Parks
St Monica's Trust
Men In Sheds
Bristol Green Capital
In This Together
Covid 19
Just Giving Crowd Funding
BCC HAF Summer Programme
Bristol Impact Fund
BCC Community Resilience Fund
Cost of Living Project
YTKO
Quartet Carbon Reduction grant
Quartet BYCA
Merchant Venture
Locality- Guardian Appeal
Unrestricted funds
General funds
Total funds		 At 1 Jan
2023
£
114,461
4,100
14,064
2,300
4,354
2,817
3,350
124
-
71,520
25,961
789
600
27
250
37,962
457
300
10,428
2,000
606
13
48,001
626
19,874
4,086
362
6,619
3,950
3,250
4,869
1,224
63
-
-
389,407
88,394
88,394
477,801		 Income
£
-
-
-
-
-
-
-
-
10,000
193,979
24,041
-
-
-
-
-
-
-
-
-
-
-
87,841
-
-
29,845
9,901
63,672
-
-
-
-
-
2,500
10,000
431,779
19,441
19,441
451,220		 Expenditure
£
(23,405)
-
-
(437)
-
-
-
(13)
(3,048)
(369,629)
(18,159)
-
-
-
-
(4,261)
(480)
-
(8)
-
-
(146)
(74,210)
(429)
(1,754)
(33,460)
(7,698)
(47,410)
(3,950)
(1,312)
-
(1,220)
(63)
(1,247)
-
(592,339)
(25,011)
(25,011)
(617,350)		 Transfers
£
(68,924)
(1,100)
-
-
(4,354)
-
-
(111)
139
74,378
-
-
-
(28)
-
-
-
-
-
-
-
-
-
-
(18,120)
-
-
-
-
-
-
-
-
-
-
(18,120)
18,120
18,120
-		 At 31 Dec
2023
£
22,132
3,000
14,064
1,863
-
2,817
3,350
-
7,091
(29,752)
31,843
789
600
(1)
250
33,701
(23)
300
10,420
2,000
606
(133)
61,632
197
-
471
2,565
22,881
-
1,938
4,869
4
-
1,253
10,000
210,727
100,944
100,944
311,671

18

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

13 Movement in funds (continued)

For the year ended 31 December 2022

Restricted funds
Big Local Trust
BCC Hub
BCC Hub Equipment
Energy
BCC Public Health
On Your Doorstep
L'Dub Arts Club
Community Land Trust
Community Housing Fund
Power to change
Youth Centre
Transition Portishead Internship
Hub Research Project
CLHD - Power to change
Mancroft Park
BMX Track
Space 4 Makers
Ward Meetings
Dolphin Society
LW in Bloom
Future Parks
St Monica's Trust
Men In Sheds
Bristol Green Capital
In This Together
In Between Time
Covid 19
Just Giving Crowd Funding
BCC HAF Summer Programme
Bristol Impact Fund
BCC Community Resilience Fund
Cost of Living Project
YTKO
Quartet Carbon Reduction grant
Quartet BYCA
Unrestricted funds
General funds
Total funds		 At 1 Jan
2022
£
64,826
1,100
14,064
2,300
4,354
2,817
3,350
1,718
-
82,241
41,740
789
600
27
250
39,118
194
221
300
2,412
2,000
489
503
34,344
750
5,031
377
932
19
-
-
-
-
-
-
306,866
77,138
77,138
384,004		 Income
£
99,167
3,000
-
-
-
-
-
-
21,350
-
11,749
-
-
-
-
-
-
300
-
10,609
-
351
-
51,339
-
-
20,000
3,254
2,741
66,529
6,600
3,250
5,000
4,250
800
310,289
19,261
19,261
329,550		 Expenditure
£
(44,574)
-
-
-
-
-
-
(1,594)
(21,395)
(10,721)
(27,342)
-
-
-
-
(1,156)
(194)
(64)
-
(2,593)
-
(234)
(490)
(37,682)
(124)
-
(503)
(100)
(2,398)
(59,910)
(2,650)
-
(131)
(3,026)
(737)
(217,618)
(18,135)
(18,135)
(235,753)		 Transfers
£
(4,958)
-
-
-
-
-
-
-
45
-
(186)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(5,031)
-
-
-
-
-
-
-
-
-
(10,130)
10,130
10,130
-		 At 31 Dec
2022
£
114,461
4,100
14,064
2,300
4,354
2,817
3,350
124
-
71,520
25,961
789
600
27
250
37,962
-
457
300
10,428
2,000
606
13
48,001
626
-
19,874
4,086
362
6,619
3,950
3,250
4,869
1,224
63
389,407
88,394
88,394
477,801

Big Local Trust

Funding to enable delivery of our Big Local plan.

19

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

13 Movement in funds (continued)

BCC Hub IT equipment

For IT equipment for when hub is built.

BCC BMX Track

For building work to the BMX Track.

BCC Space4makers

To build and develop a website.

Dolphin Society

Funding towards research relating to the community hub .

In Between Time

Restricted for activities relating to our in-between contract, this money is not restricted on how we use it as long as it relates to staff time and activities around art.

LW in Bloom

To use the money how we see fit as long as it is for activities relating to Lawrence Weston in Bloom (part of Britain in Bloom).

Quartet BYCA

To provide summer activities for young people as part of the holiday hunger project.

CLHD Power to Change

For planning to get to the building stage.

BCC Future Parks

Providing community engagement and development work to build an understanding of how residents would like to take action in their local green space/park and promote opportunities for involvement through the Bristol Future Parks Project.

St Monica's Trust

Winter support fund - to provide xmas lunches to 50 older people in Lawrence Weston.

Men in Sheds

Set up and running cost of peer support project.

Bristol Green Capital

Climate action plan development costs.

In this together

Older peoples winter support fund.

Covid 19

Residents support fund for people affected by Covid-19.

Just Giving Crowd Funding

Money raised for fuel poverty residents of Bristol.

BCC HAF Summer Programme

For summer activities.

20

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

13 Movement in funds (continued)

BCC HUB

To support the delivery of the new community hub.

Energy

To support our climate and energy work.

BCC Public Health

To deliver elements of the community plan that relates to the improvement of health.

On your Doorstep

To fund the publication and delivery of the local newsletter.

L'Dub Arts Club

To support the local arts group with running costs.

Community Land Trust

To help deliver affordable community housing.

Power to Change

To fund delivery of the community action plan.

Youth Centre

Overheads and running costs of the centre.

Transition Portishead internship

To deliver an internship for local people.

Hub research project

To deliver research on the delivery of the community hub.

Mancroft Park

To support a new children's play park.

Ward meetings

To facilitate an area ward meeting.

Community Housing Fund

To deliver affordable community housing.

Bristol Impact Fund

Core funding to deliver against our community plan.

BCC Community Resilience Fund

To support voluntary community sector to apply for local authority grant funding.

Cost of Living Project

To financially support residents with the cost of living crisis.

YTKO

To support resident recruitment to access self employment support.

Quartet Carbon Reduction grant

To deliver low carbon emission appliances to local residents.

21

AMBITION LAWRENCE WESTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

13 Movement in funds (continued)

Merchant Venture

Crisis fund for vulnerable residents who find themselves in need as a result of the cost of living crisis

Locality- Guardian Appeal

This was a donation to Ambition Lawrence to support our energy and running costs to enable the continuation of the vast resident support we currently give. This will impact on the residents resilience and awareness around energy and money saving actions, and empower them to take advantage of these.

14 Analysis of net assets between funds

As at 31 December 2023
Net assets
As at 31 December 2022
Net assets		 Restricted
Funds
£
210,727
210,727
Restricted
Funds
£
389,407
389,407		 Unrestricted
Funds
£
100,944
100,944
Unrestricted
Funds
£
88,394
88,394		 Total
Funds
£
311,671
311,671
Total
Funds
£
477,801
477,801

15 Related party transactions

Ambition Lawrence Weston is a corporate director of Ambition Community Energy CIC (Co No: 11294351). It is also the relevant legal entity with significant control of Ambition Community Energy CIC.

Trustees of Ambition Lawrence Weston who are also directors of Ambition Community Energy CIC are: Norman Routledge

Mark Pepper is an employee and company secretary of Ambition Lawrence Weston and a director and company secretary of Ambition Community Energy CIC.

At the balance sheet date, Ambition Community Energy CIC owed the charity £Nil (2022: £2,250). During the year the charity invoiced £9,711 (2022: £7,973) to Ambition Community Energy CIC for administration costs and expenses incurred.

Ambition Community Energy CIC invoiced Ambition Lawrence Weston £Nil (2022: £Nil) for costs incurred on their behalf. At the balance sheet date total of £Nil (2022: £Nil) was owed to Ambition Community Energy CIC.

Throughout the year, the charity has paid £1,998 (2022: £2,759) to PSA Finance UK, for personal car finance lease for Mark Pepper which Mark has reimbursed to the charity. At the year end there was an amount outstanding to the charity of £703 (2022: £230).

There are no other related party transactions apart from those disclosed throughout the financial statements.

22