Warrington Town in the Community Ltd
Charity No. 1156068
Company No. 07151083
Trustees' Report and Unaudited Accounts
31 July 2024
Warrington Town in the Community Ltd Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Summary Income and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Statement of Cash flows | 8 | |
| Notes to the Accounts | 9 to | 14 |
| Detailed Statement of Financial Activities | 15 to | 16 |
Page 1
Warrington Town in the Community Ltd Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 July 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 07151083
Charity No. 1156068
Registered Office
5 Waterfront Drive Warrington WA4 1GH
Directors 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:
T.T. Macormac K. Read (Resigned 6 February 2025) R.A. Sutton
Accountants
Xeinadin North Limited Ground Floor Building C Concentric Warrington Road Warrington WA3 6WX
OBJECTIVES AND ACTIVITIES
The trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit. We have referred to this guidance when reviewing our aims and objectives and in planning our future activities.
The objects and principal activities of the charity are:
1) The promotion of community participation in healthy recreation in particular by the provision of facilities for the playing of football.
Page 2
Warrington Town in the Community Ltd Trustees Annual Report
2) To act as a resource for young people up to the age of 25 living in Warrington, Cheshire East, St Helens and the surrounding area by providing advice and assistance and organising programmes of physical, educational and other activities as a means of: -advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; -advancing education; -relieving unemployment; -providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth ,age ,infirmity or disability ,poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
ACHIEVEMENTS AND PERFORMANCE
The year saw the planned start of sports provision for the under 18’s and Under 21’s which was a great success with inclusion numbers being high and having the desired effect of health and wellbeing within the local area. A further project involving women and girls started towards the end of the year but early indications showed positive numbers and good publicity for the charity in the area. We look forward to strengthening these projects in the forthcoming year along with revisiting our original projects for over 50’s.
FINANCIAL REVIEW
During the year ended 31 July 2024 the charity made a surplus of £8,515 (2023: £4,844 deficit). At 31 July 2024 the charity had reserves of £42,153 (2023: £33,638).
The charity is dependant upon the continued support of Warrington Town Football Club Limited.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The charity appoint and recruit new trustees based on the expertise that they can offer.
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. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
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 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
T.T. Macormac Trustee 30 April 2025
Page 3
Warrington Town in the Community Ltd Independent Examiners Report
Independent Examiner's Report to the trustees of Warrington Town in the Community Ltd
I report to the charity trustees on my examination of the financial statements of Warrington Town in the Community Ltd for the year ended 31 July 2024.
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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity 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 financial statements 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
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Xeinadin North Limited Ground Floor Building C Concentric Warrington Road Warrington WA3 6WX 30 April 2025
Page 4
Warrington Town in the Community Ltd Statement of Financial Activities
for the year ended 31 July 2024
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Other trading activities 6 Total Expenditure on: Other 7 Total Net gains on investments Net income/(expenditure) 8 Transfers between funds Net income/(expenditure) before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2024 £ 12,159 16,661 7,346 |
Total funds 2024 £ 12,159 16,661 7,346 |
Total funds 2023 £ 2,376 17,396 - |
|---|---|---|---|
| 36,166 27,651 |
36,166 27,651 |
19,772 24,616 |
|
| 27,651 - |
27,651 - |
24,616 - |
|
| 8,515 - |
8,515 - |
(4,844) - |
|
| 8,515 | 8,515 | (4,844) | |
| 8,515 33,638 |
8,515 33,638 |
(4,844) 38,482 |
|
| 42,153 | 42,153 | 33,638 |
Page 5
Warrington Town in the Community Ltd Summary Income and Expenditure Account
for the year ended 31 July 2024
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income/(expenditure) before tax for the year Net income /(expenditure )for the year |
2024 £ 36,166 36,166 27,188 463 27,651 8,515 8,515 |
2023 £ 19,772 |
|---|---|---|
| 19,772 | ||
| 24,124 492 |
||
| 24,616 | ||
| (4,844) | ||
| (4,844) |
Page 6
Warrington Town in the Community Ltd Balance Sheet
at 31 July 2024
| Company No. 07151083 Notes 2024 £ Fixed assets Tangible assets 10 575 575 Current assets Cash at bank and in hand 48,659 48,659 Creditors:Amount falling due within one year 11 (7,081) Net current assets 41,578 Total assets less current liabilities 42,153 Net assets excluding pension asset or liability 42,153 Total net assets 42,153 The funds of the charity Restricted funds 12 Unrestricted funds 12 General funds 42,153 42,153 Reserves 12 Total funds 42,153 |
2023 £ 1,038 |
|---|---|
| 1,038 40,070 |
|
| 40,070 (7,470) |
|
| 32,600 33,638 |
|
| 33,638 | |
| 33,638 | |
| 33,638 | |
| 33,638 | |
| 33,638 |
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 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
Approved by the board on 30 April 2025
And signed on its behalf by:
T.T. Macormac Trustee 30 April 2025
Page 7
Warrington Town in the Community Ltd Statement of Cash flows for the year ended 31 July 2024
| Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Decrease in trade and other payables Net cash provided by/(used in) operating activities Net cash from investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2024 £ 8,515 463 (389) 8,589 - - 8,589 40,070 48,659 48,659 48,659 |
2023 £ (4,844) 492 - |
|---|---|---|
| (4,352) | ||
| - | ||
| - | ||
| (4,352) | ||
| 43,882 | ||
| 39,530 | ||
| 40,070 | ||
| 40,070 |
Page 8
Warrington Town in the Community Ltd Notes to the Accounts
for the year ended 31 July 2024
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income 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 has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
Warrington Town in the Community Ltd Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable 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.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property 10% straight line Motor vehicles 25% reducing balance Fixtures and fittings 25% straight line
==> picture [205 x 62] intentionally omitted <==
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 discounts due.
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 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 overdrafts that are repayable on demand and form an integral part of the company's cash management.
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.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 10
Warrington Town in the Community Ltd Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donations 5 Income from charitable activities Facility Hire 6 Income from other trading activities |
Unrestricted £ 12,159 12,159 Unrestricted £ 16,661 16,661 Unrestricted £ 7,346 7,346 |
Unrestricted funds 2023 £ 2,376 17,396 19,772 24,616 24,616 (4,844) (4,844) (4,844) 38,482 33,638 Total 2024 £ 12,159 12,159 Total 2024 £ 16,661 16,661 Total 2024 £ 7,346 7,346 |
Total funds 2023 £ 2,376 17,396 |
| 19,772 24,616 |
|||
| 24,616 | |||
| (4,844) | |||
| (4,844) | |||
| (4,844) 38,482 |
|||
| 33,638 | |||
| Total 2023 £ 2,376 |
|||
| 2,376 | |||
| Total 2023 £ 17,396 |
|||
| 17,396 | |||
| Total 2023 £ - |
|||
| - |
Page 11
Warrington Town in the Community Ltd Notes to the Accounts
7 Other expenditure
| Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 8 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets 9 Staff costs Salaries and wages Pension costs |
Unrestricted £ 7,058 1,400 5,149 463 5,863 7,718 27,651 2024 £ 463 2024 6,974 84 7,058 |
Total 2024 £ 7,058 1,400 5,149 463 5,863 7,718 27,651 |
Total 2023 £ 10,588 3,835 2,160 492 2,271 5,270 |
|---|---|---|---|
| 24,616 | |||
| 2023 £ 492 2023 10,461 127 |
|||
| 10,588 |
The charity’s support costs and governance cost in the year amounted to £3,111 (2023 - £2,660) and relate to the Independent Examiner’s fee.
The average monthly number of full time equivalent employees during the year was as follows:
| 2024 Number 1 1 |
2023 Number 1 |
|---|---|
| 1 |
Page 12
Warrington Town in the Community Ltd Notes to the Accounts
10 Tangible fixed assets
| Cost or revaluation At 1 August 2023 At 31 July 2024 Depreciation and impairment At 1 August 2023 Depreciation charge for the year At 31 July 2024 Net book values At 31 July 2024 At 31 July 2023 11 Creditors: amounts falling due within one year Other creditors Accruals 12 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds 13 Analysis of net assets between funds Fixed assets Net current assets |
Land and buildings £ 75,493 75,493 75,493 - 75,493 - - At 1 August 2023 33,638 33,638 |
Motor vehicles £ 3,000 3,000 2,650 88 2,738 262 350 2024 £ 4,932 2,149 7,081 Incoming resources (including other gains/losses ) £ 36,166 36,166 |
Fixtures and fittings £ 1,500 1,500 812 375 1,187 313 688 Resources expended £ (27,651) (27,651) Unrestricted funds £ 575 41,578 42,153 |
Total £ 79,993 |
|---|---|---|---|---|
| 79,993 | ||||
| 78,955 463 |
||||
| 79,418 | ||||
| 575 | ||||
| 1,038 | ||||
| 2023 £ 5,520 1,950 |
||||
| 7,470 | ||||
| At 31 July 2024 £ 42,153 |
||||
| 42,153 | ||||
| Total £ 575 41,578 |
||||
| 42,153 |
Page 13
Warrington Town in the Community Ltd Notes to the Accounts
14 Reconciliation of net debt
| Cash and cash equivalents Net debt |
At 1 August 2023 £ |
Cash flows £ |
At 31 July 2024 £ |
|---|---|---|---|
| 40,070 | 8,589 | 48,659 | |
| 40,070 40,070 |
8,589 8,589 |
48,659 | |
| 48,659 | |||
| Commitments Operating lease commitments Annual commitments under non-cancellable operating leases 2024 Land and buildings £ Operating leases with expiry date: Pension commitments The pension cost charge to the company amounted to: |
are as follows: 2024 Other £ 2024 £ 84 |
2023 Land and buildings £ |
2023 Other £ 2023 £ 127 |
15 Commitments
Page 14
Warrington Town in the Community Ltd Detailed Statement of Financial Activities
for the year ended 31 July 2024
| Income and endowments from: Donations and legacies Donations Charitable activities Facility Hire Other trading activities Total income and endowments Expenditure on: Employee costs Salaries/wages Pension costs Motor and travel costs Travel and subsistence Premises costs Rent Premises insurances Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of Motor vehicles Depreciation of Fixtures and fittings Bank charges Equipment expensed Software, IT support and related costs Sundry expenses Legal and professional costs Accountancy and bookkeeping |
Unrestricted funds 2024 £ 12,159 12,159 16,661 16,661 7,346 7,346 36,166 6,974 84 7,058 1,400 1,400 - 3,860 1,289 5,149 88 375 60 4,913 - 890 6,326 3,111 |
Total funds 2024 £ 12,159 12,159 16,661 16,661 7,346 7,346 36,166 6,974 84 7,058 1,400 1,400 - 3,860 1,289 5,149 88 375 60 4,913 - 890 6,326 3,111 |
Total funds 2023 £ 2,376 |
|---|---|---|---|
| 2,376 | |||
| 17,396 | |||
| 17,396 | |||
| - | |||
| - | |||
| 19,772 10,461 127 |
|||
| 10,588 | |||
| 3,835 | |||
| 3,835 | |||
| 1,320 - 840 |
|||
| 2,160 | |||
| 117 375 60 1,731 480 - |
|||
| 2,763 | |||
| 2,660 |
Page 15
Warrington Town in the Community Ltd Detailed Statement of Financial Activities
| Warrington Town in the Community Ltd Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
4,607 7,718 27,651 27,651 - 8,515 8,515 - 8,515 33,638 42,153 |
4,607 7,718 27,651 27,651 - 8,515 8,515 - 8,515 33,638 42,153 |
2,610 |
| 5,270 | |||
| 24,616 | |||
| 24,616 - |
|||
| (4,844) | |||
| (4,844) - |
|||
| (4,844) | |||
| 38,482 | |||
| 33,638 |
Page 16