COMPANY REGISTRATION NUMBER: 03026631 CHARITY REGISTRATION NUMBER: 1161104 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Unaudited Financial Statements 31st March 2024 GRIFFITHS & PEGG LIMITED Chartered Accountsnts 3 Hagley Court South Waterfront East Level Street Brierley Hill DY5 1XE
LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Financial Statements Year ended 31st March 2024 Pages Trustees, annual report (incorporating the directorfs report) 1to3 Independent examinefs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 7t014 The following pages do not forni part of the financial statements Detailed statement of financial activits'es 16to17 Notes to the detailed stalement of financial activities 18
Page 1 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Trusl•es' Annual Report (Incorporallng the Directorfs Report) Year ended 31st March 2024 The tnjslees. who we also the directors for the wrposes of panY law. present their report and the unaudilej financial statements of the charity the year ended 31st Marth 2024. Achievements and performan As Chair of Trustees. it is again a pleasure lo be able to report on the excdlent work carri1 out by Lion Farm Action Centre. This year. we have one again worked tirelessly to meet Jr aims and objectives and in dng so have enhanced and expanded our communty support and seNice delivery. Once again. our actNities have hdped lo address a range of community issues and needs through our Job Club. We continued lo engage ILKal resident through Indoor and physical wellkning with the'Gel Fil V. project. both these projects promote health, community engagemenL and wellness. Alongside these activities we were successfvl in supwrting the Sanell Welcoming Spaces initiative. it was g(KJd to see this expanded Mth more hwrs lo provide a warni and caring environment. The contsnued involvement in Fareshare efficienvy mel high ld demand. thanks to Ihe dedication of volunteers Kay and Steve and their commitment to the Fareshare wograrn. Our HAF Holiday Playscheme provision once again provide a high-quality experience for our children. It has bn good to see new initiatives this year. Our new Coffee Momiro5 and Cost of LNing Support ave.addreSsed-commuAity-cohestoR-aF)inanC1al-SIabl1ItyINIer-W3¢acks-haVe-been-made available lo vulnerable residents. And the building has enhanced by the installation of ramps and handrails that improve our accessibility. 11 has been gc(#J to add serity enhancements to the vThrag8, fvrKled by the West Midlands Police & Crime Commissioner, indu¢Yed new cameras and vkdeo dTh)rbells. ensuring a safe environment for i. None of this is possible without the dNerse range of funding strearns appld for and successfully achieved. It is gcx>J to see significant grants from SMBC. Heart of England Community F(yJndation, and the National Lottery Communty Fund. supwrting various activities and operational costs. A Ihre&year commitment from the Henry Smith Charity fw the Aft& School Club further ensured the continuity of this essential service. The trustees extend our heartfelt thanks lo our deduted staff and vdunleers whose b'reless effi)rts have made this yeays achievements possible. Special recwition goes lo Vicky and ShaTon and our After School Club team, for their cthstanding work with our After Sthool Club and on the 'Get Fil with Vic. project, Our gratslu¢Je also wes to Zoe Watts for stepping up to cover Vicky's responsibilities during her maternity leave. and lo Carol for her unwavering dedication. laughter and support across various initiatives. We also extend deep appreciation lo Jo. our Finance Administrat, for her meticulous financial management and ensuring our resources are well-managed. Finally, a special thanks lo Kale. our Cents CrdInat0r. lor her exceptional orgallisational skills and leadership. Each one ofyou play a vital part in ensuring that knon Fami Acbon Centre is a success each and every day In SLJmmary, this yearfs strategic f¢xus on meeb'ng our aims and objectives has been on enhancing community supporL securing funding, and building strong partnerships. Our dedicated team and volunteers have worked tirelessly lo ensure the Centre remains a vital resource for our community. Thank you to everyone for your unwavering commitment and hard work.
Pa2 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31st March 2024 Financial review The results for the year and the finala1 position at the end of the year are shown in the atL%hed Firsancial Statements. Policy for Holding R8seNes Any re$eS will be used for the ContinUatn of the Aeiion Centre's actNilies and services. Structure. governance and management Lion Farni Action Centre {Sandwell) Limited was inc(Yporated as a limited company on 27th February 1995 and registered as a charity on 27th March 2015. Trustees are appointed and remove(1 by a unanimous resolution of a meeting of trustees.
Page 3 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Llmlted by Guarantee Trustees. Annual Report {Incorporating the Directorfs Report) f¢onthu¥dJ Year ended 31st March 2024 Reference and administrative details R•gist•r•d charity name UON FARM ACTION CENTRE ISANDWELLI LIMITED Charity r¢gistrat•on number 1161104 Company registralion number 03026631 Prin¢ipal offic¢ and regl$tered The Wicarage office She1sY Avenue Oldtry Wesl MHllands B691BG Tho trust••$ MrCJSa Cllr J R Chidley Mr B S Un¢Jerhill Miss C-E Jcknnstc Company sttr•tsry Miss C-E Jthnst Independent examiner MrA A B Grain9er Bsc (Hons), A.R.C.S.. F.C.A 3 Hagley Court South Waterfront East Levd Street Brierfey Hill DY5 1XE Small company provisions This report has been prepared in accNdance wth the provTrsti)s appIable to ¢thnpanies entitled lo the small companies exernptn. The trLtstee$' annual report was approved on 11th Juty 2024 and $fted on behall of the board of trustees by.. MrCJSale Trustee
Page 4 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Independent Examiner's Report to the Trustees of LION FARM ACTION CENTRE (SANDWELL) UMITED Year ended 31 st March 2024 I report to the tnjslees on my examinabon of the financial statements of LION FARM ACTION CENTRE (SANDWELL) LIMITED I'lhe charity) for the year en(led 31 st March 2024. Responsibilities and basls of report As the trustees crf the company (and also its direcltys for the purposes of ¢ompany lawl you are resF)onsible for the preparation of the financial statements in accor(lance with the requirements of the Companies Act 20061'lhe 2006 Acl'l. Having satisfied myself that the accwnts of the company are not requKed to be audited under Part 16 of the 2C(J6 Act and are digible f¢y independent examination. I report in respect of my examination of the chari¥s accounts as carried out under section 145 of Ihe Charities Act 2011 1.the 2011 Act'l. In carrying out my examination I have fdlowed the Directions given by the Charity Commission under sectson 145(51(bl of the 2011 ACL lTrdendent examinoes ststement I have completed my examination. l confirm that no matters have come to my attention in conneclion with the examirwb'on gNing me cause to bdieve: accounting records were not kepl in respect of the charity as required by section 386 of th8 2006 Act.. the financial statements do not acc<Yd with those records," or the financial statements do not comply wth the accounting requirements of s¥tion 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf Vie•V which is not a matter considered as part of an independenl examinats"on," ( the financial statements have rK)t been pPared in ac¢oTdan¢e with the methods and winciples of the Stalemenl of Recommended Practice accounting and reporting by charities applicable lo charities preparing their a¢¢ounls in accordance with the Financial Repcrting Standard applKable in the UK and Republic of Ireland IFRS 102). I have no concem5 and have come across no other matters in connection WTth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr A A B Grainger Bsc (Hons). A.R.C.S.. F.C.A. Independenl Examiner 3 Hagley C¢JUrt S¢xJth Walerfronl East Level Street Briedey Hill DY5 1XE 11th July 2024
Page 5 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Statement of Flnancial Activlties (including income and expenditure account) Year ended 31st March 2024 2024 Restricted fiJnds T¢)tsl funds Total funds 2023 Urwestricled fu5 Income and endowments Donations and legacies Other trading activities Investment inGome Other income 71.376 1,126 744 129.781 14.140 744 41.500 143.325 1,676 365 51,201 196,567 13,014 41.5CKI Total Income 73.246 112,918 186.165 Expendlturo Expenditure on raising funds.. Costs of raising donati¢$ and legacies Expenditure on charitsble acbviti85 Total 0xnditre 1.771 72.257 18,241 110.126 20,012 182.384 25,033 1.954 9,10 74.028 128.367 202.396 181.987 Net (expenditurg)lincome and net movement in fund$ (782) {15.4491 (16,231) 14.580 Reconcillatlon of funds Total funds brought forward T<>tal funds ¢arTled forward 25.920 42.295 68,215 $1,984 53,635 68,215 25,138 26.846 The statement of financial aclNities includ&8 all 9ains and losses re(x)gniseAJ in the year. All incorne and expenditure derive from continuing activities. Th• notes on paw 7 to 14 form part ofth•se finandal statements.
Page 6 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Statement of Flnancial Posltlon 31st March 2024 2024 2023 Note Flxed assets Tangible fixed assets 15 1.796 2,245 Currenl assets Debtors Cash at bank and in hand 16 1.100 55.267 1,932 70,042 56.361 71,974 Creditors: amounts falling due withln one year Nèt currenl assets 17 (6.179 {6,004) 65,970 50,188 51.984 Total assets less current liabilltles 68,215 Net assets 51.984 68,215 Funds of the tharity Restricted funds Unrestricted funds 26.846 25,138 42.295 25.920 Total charity.funds 19 51.984 68.215 For the year ending 31 st March 2024 the charity wa5 enkn"Ued to exemption from audit uThJer section 477 of the Companies Act 2Crf)6 relating to small companies. Directo. re5kMMsibilities'. The rnembers have reqUId the company to obtain an audit of its finantjal statements for tr year question in accordance with section 476" The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to acccxjnting records and the preparation of finan¢ial stalements. These financial statements have been preparj in with the provisions ap1¢able to companies subiecl lo the sma51 companies. regime. These finanaal statements were approved by the tx)ard of trustees and authorised for issue on 11th July 2024. and are signed on behalf of the t#)ard by: MrCJSale Trustee The notes <M pages 7 to 14 forn7 p•1 ofthese financlal ststements.
Page 7 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Notes to the Financial Statements Year ended 31st March 2024 General inforniation The charity is a public benefft entity and a private company limited by guarantee, lster1 in England and Wales and a regislwed charity in England and Wales. The address of the registered office is The Vicarage. Shdsley Avenue. Oldbury. West Midlan¢Js, B69 18G. Statement of compliance These finanryal statements have been pTrpared in Complian FRS 102, The Financial Reporting Standard applicable in the UK and Ihe Republic of Irdar)d', the Statement of Recommended Practice applicable to ¢harib'es preparing thwr accounts in *crdanCe with the Financial Reporting Standard appIlble in the UK and RepublK of Irdand IFRS 1021 (Charities SORP {FRS 102)) and the Companie5 kl 26. Accounting poliGioS Basls of weparation The finawal statements have been prepared on the historical cost basis. as mTrJffied by the revaluation of certain financial assets and liabilities and investment properties measured at fair value Ihrough income or expenditure. The financk81 slalements are prepared in sterling. which is the functN)nal rrencY of the entity. Going concem There are no rnaterial UnrtaInlieS alyout the charitys alylity to continue. Disclosurn •x•mption¥ No cash flow statement has been woduced by the company. Judgements and key sources of estlmatlon uncertainty The preparation of the financial slalements requires management to make judgements, estimates an¢J assumptK)ns that affecl the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other factors. induding expectstions of future evenls that are beled to be reasonable under the circumstances. Fund accounting Unrestricted funds are availaNe fty use at the disuetion of the trustees to further any of the chariiy's purposes. Designated funds are unrestricled funds earmarked by the Irustees for particular future project or commitment. Restricted fiJnd$ a Subjected to restrictions on their expenditure declared by Ihe donor or through the tefms of an appeal, and fall into one of two subdasses: restricted ineome funds or endowment funds.
Page 8 LION FARM ACTION CENTRE {SANDWELL) LIMITED Company Limited by Guarantee Notes to the Financlal Statements fconthued) Year ended 31st March 2024 AccountSng poli¢les {¢onllnu¢d) Incoming resour¢ All incoming resources are induded in the statement of ffinancial activitie5 when entiuement has passed to the charity.. it is probable Ihat the economic benefrts assccialed wth the transaction 11 flow lo the charity and the amounl can be reliably measured. The followng specffic policies are applied lo particular categories of irOme.. income from donations or grants is reojgnised when there is evidence of entiuemenl to the grft. receipt is prObae and its am(yJnt can be measured rdiably. lega 1me is cOgnISed when lpt is Fxobable and entillement is estsblished. incorne from donaled wods 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 v21ue. Donated facilities and services are recognised in the aecounls when receEved rf the value can be reliably measured. No amounts are induded for the tA)ntn"trMJb"on of gen&al volunteers. income from tntracts for the supply of servtce5 is recognised wrth the delivery of the contracted serVe. This is da5sified as unrestricted fvnds unless there 1$ a contractual fequiremenl for it to be spent on a pwticular PUrpe and returned rf unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accnjals basis as a liabilty is incurred. Expenditure indudes any VAT which cannol be fvlly recovered. and is dassif*d under headings of the statement of finan¢ial a¢tivibes to whi¢h it relates.. expenditure on raising fuThJs indudes the costs of all fundraisiro actNlties. events. )n-charitable trading activities. and the sale of donated gormjs. expenditure on charitable actNilies indudes all Costs incurred by a charity in undertaking activities that further tts charitable aims for the benefit of it$ beneflarie5, including those support costs and costs rdating lo the governan of the charity apportioned to charitable activities. other expenditure includes all expenditure thal is neither related to raising funds for the Gharity nor part of its expenditure on charitable acIN1ts. All costs are allwated lo expenditure categories reflectiro the use of the resource. Direct costs attributable to a single activity are allocated directty to that activity. Shared costs are apportioned btheen the activities they contribute lo on a reasonable. justtfiable and consislenl basis. Tanglble assets TgitsIe assets are initially re¢wded at cos( a1 subsequently stated at cost less any accumulated depre¢iation an(J impairment losses. Any tangible assets carried at revalued arnounts are recorded al the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated iMpaent losses.
Page 9 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Notes to the Financial Statements (conlirtu¢dJ Year ended 31st March 2024 Accounting policies (Con11nd) Tangible assets {conUnueO) An irreaSe in the carrying amtyJftt of an asset as a result of a revaluati(M, is recognised in other recognised gains and losses. unless il reverses a charge for impairment that has previously been recognised as expenditure within the ststement of financial actNilies. A decrease in the carying amount of an asset as a result of revaluats"on. is reccsnised in other recognised gains and losses. except lo which il offsets any previtrjs revaluation gain, in which se the loss is shown within other recognised gains and losses on the statement of fInarla1 aclNits"e5. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic lrfe of that asset as fdlcvts: Fixtures and fittings Eqvipmenl 20¥0 reducing bala 20Yo reducing balan Dofinod ¢ontribution plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised a5 an asset to the extent that the prepayment will lead to a reduction in futvre paymenls or a cash refund. en contributions are not expected to be settled whcAly thIn 12 months of the end of the reporting dale in which the employees render the related serv, the liobility is measured on diounted present value basss. The unwinding of the dJ"scounl 15 recognised a5 an expense in Ihe period in which it arises. Donations and legacies Unrestrict&J Restricted Total Funds Funds Funds 2024 Grants Santhvell MBC Henry Smith Charity Playscheme Other 71.401 71,401 18.700 19,915 19,76S 18.7Tr) 19,915 19.789 {25) 71,376 129,781 Unrestricted Funds Restricted Totsl Funds Fund5 2023 Grants Sandwell MBC BBC Children in Need Playscheme Other 71.436 71.436 40.992 20,083 10,814 143,325 40.992 20,083 10,110 704 72.140 71.185
Page 10 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Notes to the Financial Statements (¢ontinued) Year ended 31st March 2024 Other trading actlvities Unrestricted Fund$ ReStrted Total Funds FuThJs 2024 FundraisirrfJ evenls 1.126 13.014 14.140 Unre5tri¢led Funds ReStrted Total Funds Funds 2023 FuTrJraising events 149 1,527 1.676 Investment Incomo Unrestricted Total Funds unrestrrt Totsl Funds FuThJs 2024 Funds 2023 Bank interest rÉreNable 744 744 365 365 Otherlncome Restricted Total Funds Funds 2024 Restricbj Total Funds Funds 2023 Big L1 DeveloFNnenl Coordinator costs 41.500 41.500 51,201 51,201 Costs of raising donation5 and logacles unStriCted Funds Restric Total Funds FuThJs 2024 Costs of raising donalions and legacies- Fundraising 1,771 18.241 20.012 Unrestrieled Funds Restricted Total Fun(Js Funds 2023 Costs of r84sing donations and legaaes- Fundraising (3.462) 28,495 25,033
Page 11 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Notes to the Financial Ststements i¢ontinued) Year ended 31st March 2024 Expenditure on ¢hariLible activitios by fund typ8 Unreslrictvj Funds Restricted Total Funds Funds 2024 Community Activities Suppcrt costs 71.808 449 110,126 181.935 72.257 110.126 182,384 Unrestricted Funds Restricted Totsl Funds Funds 2023 CommunFty Acb'vities Suppcrt ¢o$t5 76,768 561 79,625 156,393 561 77.329 79,625 156.954 10. Expendlture on charltable actfvlties by actlvlty type ActNities undertaken dwecuy Support Total funds costs 2024 Total fund 2023 Community Activities 181,935 182,384 156,954 11. Net {expendStureylncome Net lexpenditureyincome is stal&J aftw chargin{CreditirKJ)'. 2024 2023 Depreciation of tangible fred assets 449 561 12. Independent examinatlon fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financia ststemenls 1.850 13. Staff costs The total 51aff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions to pengion plans 132.920 3,7 120.658 3.666 6.253 143,694 130,577
Page 12 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Notes to the Financial Statements (corttinu Year ended 31st March 2024 13. Stall costs (¢ontinu¢d) The average head count ol employees during the year was Nil {2023: 4). The average rnmber of full-lime equivalent employees during the year is anatysed as follows: 2024 No. 2023 No. Number of administrative staff No employee received employee benefits of more than £00,1 during the year (2023.. Nill. 14. Trustee remuneration and expenses No remuneration or other benefits from emF4oyment with the charity tr a related entity were receNed by the trustees. 15. Tanglble fixed assets Fixtures and fittings Equipment Total Cost At 1st Aprll 2023 and 31st March 2024 Depreclation At 1st April 2023 Charge for the year At 31st March 2024 4.874 15,9)7 20.781 4.724 13.812 419 18,536 449 4.754 14.231 18.985 Carrying amount At 31st March 2024 120 1,676 1,796 At 31st March 2023 150 2,095 2,245 All fixed assets are held by the Cenlre for use in meebng its charitable objectives. 16. Debto 2024 2023 Prepayments and accrued income Other debtors 1.100 1,700 232 1,100 1.932 17. CreditOTS: •nount$ falling due within one y•aT 2024 2023 Acttuals and defe income Social security and other taxes Other creditors 3,000 2.190 989 2,800 2,307 897 6.179 6.004
Pagè 13 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Notes to the Financial Statements {¢onbnued) Year ended 31st March 2024 18. Pensions and other post r8tirernent benefrts Defined contributlon plans amount recognise(l in income e¥enditure as an expense in relation to defined contribution plans was £6,867 (2023.'£6.253}. 19. Analysis of charitable funds Unrestri¢tod funds At 1st Apnl 2023 At Income EXnditre 31st March 2024 General funds 25.920 73.246 (74.0281 25.138 At At 1st Poril 2022 Income Expenditure 31st March 2023 General funds 27,133 72,654 (73,8671 25,92Q Restflcted funds At Al 1st April 2023 In¢ome Expenditu 31st March 2024 Restricted funds 42.295 112.918 1128.367) 26.846 At At 1st April 2022 Income Expendiiure 31st March 2023 Restricted funds 26,502 123,913 1108,1201 42,295
Page 14 LION FARM ACTION CENTRE (SANDWELL) LIMITED Company Limited by Guarantee Notes to the Financial Statements fc¢7nlinu Year ended 31st March 2024 20. Analysis of assets between funds UnrestrTrcted Funds Restricled Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Not assets 1.004 30.313 (6.1791 25.138 792 26.054 1,796 56,367 (6,1791 51,984 Unrestricted Fund$ Restrict Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1.255 39.963 (6.004) 35.214 990 32.011 2,245 71,974 {6,(M)41 68.215 33.001