COMPANY REGISTRATION NUMBER: 07076579 CHARITY REGISTRATION NUMBER: 1159573 Liver Care and Housing Ltd Company Limited by Guarantee Financial Statements 31 March 2025 GIBSON SCHOFIELD LTD Chartered accountants & statutory auditor Unit 5 Enterprise Greenhouse Salisbury Street St Helens
Liver Care and Housing Ltd Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directorfs report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10 11
Liver Care and Housing Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The trustees. who are also the directorg for the purposes of company law. present their report and the financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Liver Care and Housin9 Ltd 1159573 Registered charity name Charity registration number Company registration number 07076579 Principal office and registered 68 Walton Vale office Liverpool L9 2BU England The trustees J Gibt)ons J Hourihan D Kilduff A Lunt J J Moran M Hynes (Appointed 18 September 2024) (Appointed 18 September 2024) {Appointed 18 September 2024) (Retired 9 April 2024) Company secretary D Kj'lduff Auditor Gibson Schofield Ltd Chartered accountants & statutory auditor Unit 5 Enterprise Greenhouse Salisbury Street St Helens WA10 1FY Bankers HSBC (Midland) 197 Stsnley Road Bootle Liverpool L20 3DX
Liver Care and Housing Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2025 Structure, gov¢rnance and managémont The charity is established as a Company Limited by Guarantee and is governed by its Articles of Association of Liver Care and Housing Ltd. The chanty is managed by a Board of Trustees, who are responsible for ensuring that the charity operates in accordance with its governing document and charity law. Trustees are appointed in accordance with the goveming document. New trustees receive an induction which includes information on the charity's objectives, activities. governance, and their legal responsibilities. The trustees confirm that the charity adopts the small Chanty Code and considers it an essential framework for good governance. During the year, the trustees have met on a regular basis to manage the charity's activities. They have met more frequent this year because the charity is working towards becoming a Registered Social Landlord. They maintained oversight of finances, reviewed risks, reviewed and approved policies, ensured the charity continued to operate in line with its aims and legal requirements Objectives and activities The charity's objectives are: The relief of people living in the Merseyside area suffering poverty, hardship and distress by reason of youth, age, ill-health, disability, financial hardship or other disadvantage by the Provision of accommodation, including social housing, support and advice. The trustees have had due regard to the Charity Commission's guidance on public benefit when planning the charity's activities and believe that these activities further the charity's charitable purposes for the benefit of the public.
Liver Care and Housing Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnuw Year ended 31 March 2025 Achievements and porformanee During the year. the charity undertook the following main activities in furtherance of its objectives.. Continued to offer 24 units of living accommodats'on to vulnerable adults. Continued to dp.liver care and support to the vulnerable tenants who occupie(J these homes and delivered care and support to a small number of other vulnerable adults who reside in their own homes, in the nearby community. Continued to work towards registering as a Registered Social Landlord so the charity is in a stronger position to grow. Key achievements during the year included-. Achieved a positive outcome from the Regulator of Social Housing who agreed the charity meets the criteri3 and allowed us through the preliminary stage of the application, and now through to the detailed stage of the application to become registered. During the year, we supported around 40 vulnerable adults with complex physical andlor mental health needs. By providing stable housing and tailored support, we helped Individuals maintain accommodation, improve wellbeing. and avoid crisis. Without this intervention, many would have been at high risk of hospital admission, Involvement with the criminal justice system, or homelessness. Our work has therefore delivered meaningful improvements in individual lives while reducing pressure on statutory services. Despite the challenges most providers like us are facing such as staff fetenb'on and increased costs, the charity continued to deliver services and support to its beneficiaries. Financial review The charity's financial position at the end of the year was stable. Total income for the year was £1,057.474 derived mainly from". Grants and Rents Total expenditure for the year was £1,129,842 primarily spent on: Staff Wages and Business Running Costs The year resulted in a deficit of £72.368, although there was a deficit this money has been invested in professional services so charity can become a RSH provider and this is a one-off investment, and charity also invested money into a building which can be used for many years to come by our service user group The charity continues to receive a steady flow of referrals into the service from Local Authonties The charity can access money quickly if this was needed with approval from our board, because the charity owns property which is not subject to any loan or mortgage.
Reserves Policy The trustees have established a reserves policy to ensure the charity can meet its obligations and manage unforeseen circumstances. The policy is to hold reserves of approximately £100,000 represenkn.ng months of operating costs. At the year end, free reserves stood at £160.335 which the trustees consider to be in line with policy. Risk Management The trustèes regularfy review the major risks faced by the charity. Key risks identified include.. The trustees regularty review the major risks faced by the charity Key risks include financial and operational risks These risks are managed through appropriate financial controls. policies and procedures, insurance, and contingency planning. The charity's Chartered Accountants are carying out a ple of work within months of these accounts being approved by the board. To come in and assess the charity financial controls are fit for purpose. Plans for the Future In the coming year, the trustees plan to.. Appoint two more Twstees who have experien of running registered housing associations and who would share their experience and support to help our charity to grow. To be successfvl with the submission of our detailed application to the Regulator of Social Housing. To obtain more properties so we can hou* and help more vulnerable people in the Merseyside area. The trustees will continue to review govemance, financial sustainability, and Servi delivery to ensure the charity remains effective and compliant.
Trustees. responsibilities statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the twstees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the applicable Charities SORP: make judgments and accounting estimates that a reasonable and prudent; prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business.
Liver Care and Housing Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2025 The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any tsme the financial position of the charity and enable them to ensL5re that the financial statements comply with the Companies Act 2006 They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities_ Auditor Each of the persons who is a trustee at the date of approval of this report confirms that.. so far as they are aware, there is no relevant audit infomiation of which the charity's auditor is unaware.. and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the chanty's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006. Small company provisions This report has been prepared in accordance wth the provisions applicable to companies entitled to the small companies exemption. The trLSStees' annual report was approved on 26th January 2026 and signed on behalf of the board of trustees by. D Kilduff Trustee M Hynes Trustee
Liver Care and Housing Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Liver Care and Housing Ltd Year ended 31 March 2025 Opinion We have audited the financial statements of Liver Care and Housing Ltd (the 'charity'} for the year ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting btandaro applicable in tlie UK and Republic of Ireland (United Kingdom Generally Accepted Accounts'ng Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources. including its income and expenditure, for the year then ended", have been properfy prepared in ar£ordan with United Kingdom Generally Accepted Accounting Practice.. have been prepared in accordan with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements secbon of our reporL We are independent of the charity in accordan with the ethical requirements that are relevant to our audit of the financial statement5 in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements We believe that the audit evidence we have obtained is sufficient and appropriate to provide 2 basis for our opinion Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material unceriainties relating to events or conditions that, individually or collectively, may cast significanl doubt on the charity's ability to continue 2S 2 going concern for a period of at least e1ve months from vthen the financial statements are authorised for issue Our responsibilities and the responsibilities of the trustees with respect to going conrn are described in the relevant sections of this report
Liver Care and Housing Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Liver Care and Housing Ltd (¢¢tinued) Year ended 31 March 2025 Other information The other information comprises the information included in the annual report, other than the financial statements and our auditoff s report thereon. The trustees are responsible for the other infornation Our opinion on the financial statements does not cover the other informatK)n and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility IS to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other informats'on. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infomation given in the trustees. report for the fi'nancial year for which the financial statements are prepared Is consistent with the financial statements; and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understsnding of the chanty and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in reswt of the following matters in relation to which the Companies Act 2006 requires us to reFQrt to you rf, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us, or trie financial statements are not in agreerrEnt with the accounting records and retums,. or rtain ¢Jisclosures of trustees. remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit,. or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the directors. report and from the requirement to prepare a strategic report.
Liver Care and Housing Ltd Company Limitsd by Guarantse Independent Auditor's Report to the Members of Liver Care and Housing Ltd (continued) Year ended 31 March 2025 Responsibilities of trustees As exp12ined rmre fully in the trustees, responsibilities statement, the trustees (who are also the directors for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees a responsible for assessing the charity's ability to conlinue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtsin reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect 2 material misstatement when it exists Misstatements can arise from fraud or error and are considered material if. individually or In the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are InStanS of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to whh our prOdureS are capable of detecting irregularities, including fraud is detailed below.. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain Pfofessional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expfessing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
Liver Care and Housing Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Liver Care and Housing Ltd (continued) Year ended 31 March 2025 Conclude on the appropnateness of the trustees, use of the going concem basis of accounting and, based on the audit evidence obtained, whether a material UnrtaInty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material UnrtaInty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or. if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However. futufe events or conditions may cause the charity to cease to continue as a going COnM. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures. and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with govemance regarding. among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in Internal control thal we Identify during our audit. Use of our report This report is made solely to the charity's members, as a body, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has bn undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not acpt or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work. for this report, or for the opinions we have fomied. Claire Schofield (Senior Statutory Auditor) For and on behalf of Gibson Schofield Ltd Chartered accountants & statutory auditor Unit 5 Enterprise Greenhouse Salisbury Street St Helens WAIO IFY 26th January 2026
Liver Care and Housing Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income Grants Other trading activitses Total income 849,291 208, 183 849,291 208,183 811,555 189,850 1,057,474 1.057,474 1.001,405 Expenditure Expenditure on raising funds.. Costs of raising income Total expenditure 1.129,842 1,129,842 1.129,842 1,129,842 911,067 911,067 Net (expenditure)lincome and net movement in funds (72,368) 172,368) 90,338 Reconciliation of funds Total funds brought forward Total funds carried forward 232,703 232,703 160,335 142,365 160.335 232,703 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities The notes on pages 11 to 18 forni part of these financial statements.
Liver Care and Housing Ltd Company Limited by Guarantee ststement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 11 125,012 341,499 Current assets Debtors Cash at bank and in hand 33,050 12 24,797 63.667 88,464 79,429 Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 13 23,591 31,407 64,873 189,885 48,022 389,521 14 29,550 160.335 156,818 232,703 Net assets Funds of the charity Unrestricted funds 160.335 232,703 Total charity funds 16 160,335 232,703 These financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies. regime. These financial statements were approved by the board of trustees and authonsed for issue on 26th January 2026, and are signed on behalf of the board by.. D Kilduff Trustee M Hynes Trustee The notes on pages 11 to 18 forni part of these financial statements.
Liver Care and Housing Ltd Company Limitsd by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General infomiation The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered Offi is 68 Walton Vale, Liverpool, L9 2BU, England. ststement of cornpliance These financial statements have been prepared in Complian wrth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended PractiTr applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis 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 fvnctional currency of the entity. Going concem There are no material unrtaintieS about the charity's ability to continue. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as def ned in FRS 102. Its financia5 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, estitnales and as5UmPlions that affect the amount5 reported. These estimate5 and judgements are continually reviewed and are based on expenence and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discreb'on 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 Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting poliGie? (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 charity and the amount can be reliably measured. The following specific policies are applied to particular categones of income. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and rts amount can be measured reliably. legacy income is recognised when rlpt is probable and entitlement is established. income from donated gwds 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 Gontribution 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-charitable trading activities. and the sale of donated goixls. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governan of the chanty appO.oned 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 atiributable to a single activity are allocated directly to that activity Shared costs are apportioned beleen the activities they contnbute to on a reasonable, Justsfiable 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 (Continued) Year ended 31 MarGh 2025 AGcounting polieies (C+Jntinuod) Tangible assets (c¢)ntlnued) 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 rÈcognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities Depreciatbon 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- 10°/0 Straight line 250/0 Straight line 25 /0 Straight line Fixtures and fittings Motor vehicles Equipment Impaimient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Imiefe 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 other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.
Liver Care and Housing Ltd Company Limited by Guarantee Notes to the FinanGial Statements l¢ontinued) Year ended 31 March 2025 AGcounting polieiéG (eortlinugd) Financial instruments (continued) here investments in shares are publicly traded or their fair value can otheiSe 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 reccgnised at fair value. unless payment for an asset is deferred beyond nomal business temis or financed at 2 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 exptIOn 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 of financial activitie5 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 carying amount would have been had the impairment not previously been recognised. Defined 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 reduclion 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 of the discount is recognised as an expense in the period in which it arises. Limited 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 exceeding £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 aSeS to be a member.
Liver Care and Housing Ltd Company Limited by Guarantee Notes to the Financial Statements (Contin¢d) Year ended 31 March 2025 Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Client contribution Donations Gifted donations 7,379 1.000 7,379 1,000 34,795 4,506 120.000 34,795 4506 120,000 Grants Grants 652,254 811,555 652.254 840,912 849,291 840,912 849.291 811.555 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Rental Income 208,183 208,183 189,850 189,850 Costs of raising income Unrestncted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Costs of raising income 1,129,842 1,129,842 911,067 911.067 Net lexpenditure)lincome Net (expenditurellincome is Stated after chargingl(crediting)' 2025 2024 Depreciation of tangible fixed assets 17,487 17,487 Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows". 2025 2024 Wages and salaries Employer contributions to pension plans 787,710 11,513 675,634 10,475 799,223 686,109
Liver Care and Housing Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 Staff costs (eontinu•d) The average head count of employees during the year was 30 (2024. 24). The average number of full-time equivalent employees during the year is analysed as follows.. 2025 2024 Number of staff - type 1 30 24 No employee received employee benefits of more than £60,000 during the year (2024.. Nil}. 10. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 11. Tangible fixed assets Land and Fixtures and buildings fittings Motor vehicles Equipment Total Cost At 1 April 2024 Disposals At 31 March 2025 319.000 {199,000) 120,000 13,294 64,633 10,146 407,073 {199.000 208,073 13,294 64,633 10,146 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 10,631 1,329 44,797 16,158 60,955 10.146 65,574 17,487 83,061 11,960 10,146 Carrying amount At 31 March 2025 120,000 1,334 3,678 125,012 At 31 March 2024 319.000 2.663 19.836 341,499 12. Debtors 2025 2024 Trade debtors Other debtors 24,747 50 33,000 50 24,797 33,050
Liver Care and Housing Ltd Company Limited by Guarantee Notes to the Financial Ststements (conlinued) Year ended 31 March 2025 13. Creditora: amounts falling dué within ono y@2r 2025 2024 Accruals and deferred Income Social security and other taxes Other creditors 8,232 12,781 2,578 23,591 1,320 10,804 19,283 31,407 14. Creditors: amounts falling due after more than one year 2025 2024 Bank loans and overdrafts 29,550 156,818 15. Pensions and other post retirement benefrts Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £11,513 (2024. £10,475). 16. Analysis of charitable funds Unrestricted funds At Income Expenditure 31 March 25 At 1 April 24 General funds 232,703 1,057,474 (1,129,842) 160,335 At Income Expenditure 31 March 24 At 1 April 23 General funds 142.365 1.001,405 {911,067) 232.703
Liver Care and Housing Ltd Company Limited by Guarantee Notes to the Financial Statements lcontinued) Year ended 31 March 2025 17. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 125,012 88,464 (23,591) (29,550) 160,335 125,012 88.464 (23.5911 {29,550) 160,335 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