COMPANY REGISTRATION NUMBER.. 07076579 CHARITY REGISTRATION NUMBER: 1159573 Liver Care and Housing Ltd Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 GIBSON SCHOFIELD LTD Unit 5 Enterprise Greenhouse Salisbury Street St Helens WA10 1FY
Liver Care and Housing Ltd Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Liver Care and Housing Ltd Company Limited by Guarantse Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charty for the year ended 31 March 2024. Referonce and admlnlstrative details Reglstered charity name Liver Care and Housing Ltd Charlty registration number 1159573 Company registration number 07076579 Princlpal office and registered 68 Walton Vale office Liverpool L9 2BU England The tru8t888 D Kilduff J Moran M Hynes Company secretary M Hynes Accountants Gibson Schofield Ltd Chartered accountant Unit 5 Enterprise Greenhouse Salisbury Street St Helens WA10 1FY
Liver Care and Housing Ltd Company Limited by Guarantee Trustses. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 Structure. governance and management Goveming document Liver Care Ltd, incorporated in England and Wales on 14 November 2009, is governed by its Memorandum and Articles of Association dated 14 November 2009. It is registered as a charity with the Charity Commission. Members of the Company each agree to contribute up to £1 in the event of the charity winding up. Appointment of trustees As set out in the Articles of Association the trustees may appoint one of their number to be the Chair. One half of the trustees shall retire annually by rotstion but may be reappointed. All members are circulated with the invitations to nominate trustees prior to the AGM advising them of the retiring trustee and requesting nominations for the AGM. When considering the appointment of trustees the board has regard to the requirement of the specialist skills needed. Trustee induction and training Potential new trustees attend meetings of the Board for a period to enable them to meet the trustees and to become familiar with the committee and the decision making processes, the business plan and recent financial performance of the charity. During this time they are also made aware of their legal obligations under charity and company law and the content of the Memorandum and Articles of Association, before being formally appointed. Organisation The charity is administered by a board of trustees, the board meets at least quarterly to discuss all operational matters. Risk Management The trustees have a risk management strategy which comprises a regular review of the risks the charity may face, the establishment of systems and procedures to mitigate those risks identified and the implementation of procedures designed to minimise and potential impact on the charity should those risks rnaterialise. The systems are subject to ongoing review and development. Objectlves and actlvltles The objectives of the charity as defined in the Memorandum and Articles of Association are 'to provide supported accommodation to vulnerable adults and to provide home care services to people in need of care including physical disabled people, mentally impaired people and people who suffer from substance abuse,
Liver Care and Housing Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 Achievements and performance Liver Care and Housing's main core business is delivering housing with support to vulnerable adults, these services are funded by local authorities, and local authorities have been subject to substantial financial constraints, impacting on services like LCH. Nevertheless, during the financial year 2023 - 2024 LCH has continued to expand and now provides 24 units of accommodation to vulnerable adults. LCH has submitted its preliminary application to the Regulator of Social Housing with the aim of becoming a registered social landlord. During 2023 - 2024, LCH has worked closely with consultant company Campbell Tickell, who have supported us through this process, and we intend to continue working with this consultant company, through the detailed stage of the application process. LCH has adopted the Charity Governance Code for smaller charities, and by applying the code, it ensures transparency by the board. The Charity Governance Code has seven main principles: _ Organizational Purpose- to achieve long term financial stability, to ensure long term longevity and legacy of providing services to those that need them most. Keeping the culture, purpose, our values, and service users at the heart of what we do. Leadership - LCH is led by a board who have a vast level of experience, and expertise in their individual field which is very relevant to the organizations main business. Integrity the board at LCH acts with integrity, adopting values and creating a culture which help achieve the organizations charitable purposes. Decision-making, risk and control the board ensures its decision-making prosseS are informed, rigorous and timely and that effective delegation, control and risk assessment and management systems are set up and monitored. Board Effectiveness - the board works as an effective team, using the appropriate balance of skills, experience, backgrounds and knowledge to make informed decisions. Equality, diversity and inclusion the board leads the organization in being transparent and accountable, the organization respects and values the diversity ofour people, we are committed to embedding and inclusive environments for our people and tenants. Openness and accountability - the organization has clear poli¢i8s on who can be a member of the charity, has clear, accurale and up to date membership records, tells members about the charities work, looks for values and considers members views on key issues. LCH has continued to work with The Investors in People during 2023 - 2024 because we value and invest highly in our work force. At LCH we anticipate the next 12 months to be more profitable, because LCH was donated a house and although it will be let out as social housing there is no rent or loan to pay on this propety. If LCH is successful with its application to become a registered social landlord, LCH will then be able to register with Homes England and Can then access grants to purchase property and it is a long-term goal for LCH to eventually build new social housing propety in the Merseyside area.
Our Values Quality - We focus on delivering positive outcomes for our tenants. We have high standards, providing efficient and effective ServiS. Integrity - We act with integrity and honesty in all we do. Ambition- We invest in and care for our people and communities. We seek opportuntties to grow our business. Inclusion - We respect and value the diversity of our people. We are committed to embedding an inclusive environment for our people and tenants. Risk Mana ement The Trustees identify that there are risks, which the charity is exposed to each financial year. The charity is currently completing a Risk Management Plan. Once this is complete, the Trustees will review these risks and establish systems to mitigate those risks. At the present time, the Board is comfortable with the systems in place. Financlal revi8w In the opinion of the trustees, the level of reserves is adequate given the level of activity within the company. The trustees will review the reserves policy in the light of future plans and developments. The actual reserves at the balance sheet date were £232,703 (2023 £142,365) ofwhich all are unrestricted. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 2 October 2024 and signed on behalf of the board of trustees by: D Kilduff Trustee M Hynes Trustee Dtr-10-
Liver Care and Housing Ltd Company Limitad by Guarantee Independent Examiner's Report to the Trustees of Liver Care and Housing Ltd Year ended 31 March 2024 I report on the financial statements for the year ended 31 March 2024, which comprise the statement of financial activities (including income and expenditure account). statement of financial position and the related notes. Respective responsibllities of trustees and examlner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Association of Certified Chartered Accountants. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to- examine the accounts under section 145 of the 2011 Act,. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act,- and to state whether particular matters have come to my attention. Basis of Independent examlnerfs report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts,and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audrt and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the next statement.
Liver Care and Housing Ltd Company Limitsd by Guarante8 Independent Examiner's Report to the Trustees of Liver Care and Housing Ltd (continued) Year ended 31 March 2024 Independent examinerfs statement In connection with my examination, no matter has come to my attention.. (1) which gives me reasonable cause to believe that in any material respect the requirements= to keep accounting records in accordan with section 386 of the Companies Act 2006, and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practi.. Accounting and Reporting by Charities have not been met, or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. GIBSON SCHOFIELD LTD Unit 5 Enterprise Greenhouse Salisbury Street St Helens WA10 1FY
Liver Care and Housing Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) 31 March 2024 2024 Unrestricted funds Total funds Total funds 2023 Income and endowments Donations and legacies Other trading activities Total income 811,555 189,850 1,001,405 811,555 189,850 733,422 164,342 897,764 1,001,405 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Total expendlture 911,067 911,067 911,067 911,067 936,651 936,651 Not Incomel(expendlture) and net movement In funds 90,338 90,338 (38,887) Reconclliation of funds Total funds brought forward Total funds carriod forward 142,365 142,365 232,703 181,252 232,703 142,365 The statement of financial activities includes all gains and losses recognised in the year. All income and expendrture derive from continuing activities. The notes on pages 8 to 14 forni part of these financlal statements.
Liver Care and Housing Ltd Company Limited by Guarantse Statement of Financial Position 31 March 2024 2024 2023 Flxed assets Tangible fixed assets 12 341.499 238,986 Current assets Debtors Cash at bank and in hand 13 33.050 46,379 79,429 13,573 74,815 88,388 Creditors: amounts falling due within one year Net current assets 14 31 N07 14,065 74,323 48,022 389,521 Total assets less current liabilities 313,309 Creditors: amounts falling due after more than one year 15 156,818 170,944 Net assets 232,703 142,365 Funds of the charlty Unrestricted funds 232,703 232,703 142,365 Total charlty funds 17 142,365 For the year ending 31 March 2024 the charity 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 company to obtain an audit of its financial statements for th8 year in question in accordance with 5eGtion 476. The directors acknowledge their responsibilities forcomplying with the requirements of the Actwith respect to accounting records and the preparation of financial statements. These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 2 October 2024, and are signed on behalf of the board by: D Kilduff Trustee M Hynes Trustee OCS-L
Liver Care and Housing Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 68 Walton Vale, Liverpool, L9 2BU, England. Statement of compliance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. Accounting policies Basls of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Disclosure 8xemption$ The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from {enter detail). As such, advantage has been taken of the disclosure exemptions available under paragraph 1.12 of FRS 102. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectation5 of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.
Liver Care and Housing Ltd Company Limited by Guarantea Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charty and the amount can be reliably measured. The following specific policies are applied to particular categories of income-. income from donations or grants is recognised when there is evidence of entitlement to the gift, reipt is probable and its amount can be measured reliably. legacy income is recognised when reipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for It to be spent on a particular purpose and returned if unspent. in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitsble trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that fvrther its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Liver Care and Housing Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Accounting policies (continued) Tangible assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the Ioss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows= Fixtures and fittings Motor vehicles Equipment 100/0 Straight line 25 % slraight line 25Q/o Straight line Impalrnient of flxed assets A review for indicators of impairment is carried out at each reporting date, with the e0Verable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount re1vable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or otherconsideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. 10-
Liver Care and Housing Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Accounting policies (continued) Financial instruments {contlnued) Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement offinancial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairmenl not previously been recognised. Deflned contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding ofthe discount is recognised as an expense in the period in which it arises. Limltsd by guarantee Liver Care Ltd is a company limited by guarantee and accordingly does not have any share capital. Every member of the company undertakes to contribute such amount as may be required not exedIng £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 11
Liver Care and Housing Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Client contribution Donations type 2 Donations type 3 34,795 4,506 120,000 34,795 4,506 120,000 35,097 20,023 35,097 20,023 Grants Grants 652,254 811,555 652,254 811,555 678,302 678,302 733,422 733,422 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Rental Income 189,850 189,850 164,342 164,342 Costs of raising donations and legacle8 Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Wages and salaries Pension costs Rent Rates & water Light & heat Repairs & maintenance Insurance Motor vehicle expenses Accountancy fees Telephone Other Offi costs Depreciation Profivloss on sale of assets 675,634 10,475 74,470 5,856 4,959 31,531 13,604 13,766 5,045 9,148 49,093 17,486 675,634 10,475 74,470 5,856 4,959 31,531 13,604 13,766 5,045 9,148 49,093 17,486 706,414 10,863 53,632 8,467 11,528 49,558 12,287 10,745 2,728 7,621 43,771 17,487 1,550 936,651 706,414 10,863 53,632 8,467 11,528 49,558 12,287 10,745 2,728 7,621 43,771 17,487 1,550 911,067 911,067 936,651 Net incomellexpenditure) Net incomel(expenditure) is ststed after chargingl{crediting): 2024 2023 Depreciation of tangible fixed assets 17.487 17,487 12-
Liver Care and Housing Ltd Company Limitsd by Guarantse Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Independent examination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 1,500 1,500 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Employer contributions to pension plans 675,634 10.475 706,414 10,863 686,109 717,277 The average head count of employees during the year was 24 {2023: 24). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Number of staff - type 1 24 24 No employee received employee benefits of more than £60,000 during the year (2023". Nil). 11. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 12. Tangible fixed assets Land and Fixtures and buildings fittings Motor vehicles Equipment Total Cost At 1 April 2023 Additions 199,000 120,000 319,000 13,294 64,633 10,146 287,073 120.000 At 31 March 2024 13,294 64,633 10,146 407,073 Depreclation At 1 April 2023 Charge for the year At 31 March 2024 9,302 1,329 10,631 28,639 16,158 44,797 10,146 48,087 17,487 65,574 10,146 Carylng amount At 31 March 2024 319,000 199,000 2,663 19,836 341,499 238,986 At 31 March 2023 3,992 35,994 13-
Liver Care and Housing Ltd Company Limited by Guarantse Notes to the Financial Statements (continued) Year ended 31 March 2024 13. Debtors 2024 2023 Trade debtors Other debtors 33,000 50 12,723 850 33,050 13,573 14. Creditors: amounts falling due within one year 2024 2023 Social security and other taxes Other creditors 10,804 20,603 31,407 10,688 3,377 14,065 15. Credltors: amounts falllng due after more than one year 2024 2023 Bank loans and overdrafts 156,818 170,944 16. Pensions and other post retirement benefits Defined contributlon plan8 The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £10.475 (2023: £10,863). 17. Analysls of charltable funds Unrestrlcted funds At Income Expenditure 31 March 24 At 1 April 23 General funds 142,365 1,001,405 (911,067) 232.703 18. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 341,499 341,499 79,429 79,429 (31,407) (31,407) (156.818) (156,818) 232,703 232,703 -14-