## **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 ## **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