PICCADILLY GARDEN LIMITED
(A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL)
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
COMPANY NUMBER: 10395195 CHARITY NUMBER: 1170962
PAGE 1
PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
| CONTENTS | |
|---|---|
| PAGE | |
| 1) SCHEDULE OF BOARD OF DIRECTORS / TRUSTEES | 2 |
| 2) TRUSTEES REPORT | 3 - 5 |
| 3) TRUSTEES RESPONSIBILITES | 6 |
| 4) INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES | 7 |
| 5) STATEMENT OF FINANCIAL ACTIVITIES | 8 |
| 6) BALANCE SHEET | 9 |
| 7) NOTES TO THE ACCOUNTS | 10 - 18 |
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
SCHEDULE OF BOARD OF DIRECTORS/TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2023
Schedule of Board of Directors / Trustees
The Trustees who served during the year and their interest in the share capital of the society were as follows:
Stephen Hughes Mike Jones Mark Shackleton John Kirton Chrissie Rowlinson Nicola Horrax David O’Gorman Nicola Horrax (Stepped down 27[th] February 2023)
Chair Person
Chrissie Rowlinson
Vice Chair
John Kirton
Company Secretary
David O’Gorman
Company Treasurer Stephen Hughes
Staff Representative
Stephen Neaves / Julie Richmond
Registered Office
Piccadilly Garden Ltd, Scotforth, Lancaster, LA1 4PX
Bankers
Barclays Bank plc, 38 Market Street, Lancaster, LA1 1HR
Independent Examiners
CWR Chartered Accountants, 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2023
Chairperson remarks
I am pleased to present the trustee’s report for the financial year ending September 2023.
Whilst the global pandemic is (hopefully) largely behind us, in this past 12 months we have experienced the lasting effects of Covid-19, and we continue to have in place measures to protect those that we support and our team. We continue to face global challenges from wars, the cost-of-living crisis, economic turbulence, and the personal challenges we all face in our health; physically, mentally, and overall wellbeing.
As always, our team have risen admirably to the challenges to deliver an exceptional service to those who need us.
The team and those we support have settled well into their new spaces and are enjoying the benefits that the new cabins and welfare block provide. We are now also back to taking advantage of other activities available in the local community to widen the experiences provided to those that we support.
This year we have been given the opportunity to continue the legacy of the late Mrs P K Rowe through a generous donation made to us and other local and national charities. We will honour Mrs Rowe’s legacy through careful, considerate spending of the donation in ways that enhance our service to those we support whilst protecting the future of Piccadilly for future years.
Piccadilly’s success is down to the dedication and passion of our team and the individuals we support. As always, my admiration and thanks go to them.
Manager’s remarks
Piccadilly is primarily a Day Support Service for Young people and adults with learning disabilities, the organisation is over 35 years old and has been a registered charity since January 2017.
Carrying on from the successful grant from the National Lottery and capital works programme we have continued to develop Piccadilly, some new pathways have been created from the main gate into Piccadilly, as well as re surfacing the sensory pathway, thanks to funding from the Lancaster Wind Turbine Community Grant, and the Morrisons Foundation.
Resurfacing work behind the swing area has also been carried out, again all thanks to the grant funders previously mentioned, this area is now ready as an activity space in the spring / summer season.
We have also been very fortunate to be included as one of five beneficiaries of the estate of the late Mrs P K Rowe, her Legacy will have a huge impact for the years to come at Piccadilly, additional capital works are now being discussed as well as investment opportunities. New equipment to improve the experience of those that attend our Service is also being discussed with those we support as well as our staff and volunteers.
Covid impact – though we are still very cautious about Covid we have relaxed our protocols and IPC measures (Infection Prevention Control), so far, we have not been impacted as severely as the previous years with those we support and staff being off ill and impacting on service delivery as well as our financial position.
Staffing – Our main core of staff have remained with us through the difficult period of Covid and adapted really well with new changes that had to be made, we have two full time staff the others are part time, working either 3 or 4 days a week, two of the newer part time staff have left us, which has opened up some vacancies, we are currently utilising our Bank staff to cover these positions, this has worked really well and allowed us to carry on without any disruption to the service.
Since the beginning of this financial year October 2023, we have increased numbers we support, this has been possible due to re-allocating staff as well as new volunteers in the right groups. We have also increased activities both on site and out in the community.
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2023
Core Values & Principals
While our intent is to serve the people referred to us or those that choose our service, we are aware that our actions may have implications beyond them and affect others. Therefore, we continuously try to be thoughtful, careful and visionary about how and what we do, we feel it is important to highlight the core values of our organisation. These are;
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Always doing what we say we will; working together to provide high quality services to meet identified individual needs through a person- centred approach.
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To have an in-touch management structure that is both open and transparent in its efforts to deliver quality, value for money services.
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Deliver programs, which reflect an effective learning environment that promotes self-help, peer support and professional support within a flexible framework.
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Value and support everyone by recognising their individual contributions
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Provide a safe and responsive environment that meets people’s physical, psychological and emotional needs.
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Receive and deliver encouragement, feedback and guidance.
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Recognising individual capabilities through ongoing and progressive personal development.
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Encourage equality and diversity and treat people with dignity and respect.
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Conduct our activities in an environmentally and sustainable way.
Our Mission:
To be the local service of choice, helping people who need support to develop their potential as individuals
Our Vision:
A society where everyone is valued
Grants / Funding received this financial year 2022/2023:
-
Morrisons Foundation
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Lancashire County Council – Winter Grant
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Lancaster University Wind Turbine Community Grant
-
The Lancaster District Mobility Trust
-
Legacy Money from the estate of the late Mrs P K Rowe
Summary of the year – October 2022 to September 2023
Services at Piccadilly
- Day Service
The Day service has endured the changes made by Covid, in fact most of the changes have now been adopted by those we support as it is much preferred, such as: smaller groups, individual tables, own boxes with their activity items, this have continued through from the previous year.
Most groups now support 4-5 people per day with the exception of the odd group of 3, this is mainly down to availability as well as compatibility of those seeking a service.
Infection Prevention Control or IPC measures are still in use though to a lesser degree than before, some relaxation on measure have now been in place early 2023, regular and more robust cleaning measures are still used, we have continued to support people both on site as well as taking them out the community, which has been welcomed by both staff and those we support as well as families or carers.
Activities on site include, cooking, arts and crafts, horticulture, exercise using our exercise equipment and swings. Of site activities include, cycling, walking, dog walking, trips to museums and railways as well as beaches and nature reserves, we are looking to start up new sessions in October / November that include, Pilates as well as gym sessions.
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2023
What this means for 2023/2024
We have made great strides with the funding we received for the capital development programme in 2022 / 2023, but there is still more we can and will do in 2023 / 2024, we now have a greater responsibility with regards to the legacy money received recently, we plan to invest this wisely as well as use some in the support that we give to those that attend and will attend in the future.
We will be considering using the legacy money for improvement works to 2 of our activity rooms, sensory room, and other outdoor spaces as well as activity equipment and the replacement of one of our vehicles.
Numbers of people we support has been increasing over the year as well as spaces available, we have increased numbers only due to the compatibility of those in the groups.
Increased costs for services and maintenance are being factored into the next financial year’s budget, this will be monitored closely by both the Trustees and the Management team.
In setting our objectives and planning our activities the Trustees have carefully considered the Charity Commission’s general guidance on public benefit.
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PICCADILLY GARDEN LIMITED A COMPANY LIMITED BY GUARANTEE)
TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
The Charity Trustees (who are also the Directors of Piccadilly Garden Limited for the purposes of Company Law) are responsible for preparing a Trustees’ Annual Report and 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 a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing those financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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. They are also responsible for safeguarding the assets of the Charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
STATEMENT AS TO DISCLOSURE TO OUR INDEPENDENT EXAMINER
In so far as the Trustees are aware at the time of approving our Trustees’ Annual Report:
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There is no relevant information, being information needed by the independent examiner in connection with preparing their report, of which the independent examiner is unaware, and
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The Trustees, having made enquiries of fellow directors and the independent examiner that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
This report was approved by the Board of Directors on the 6[th] December 2023 and signed on behalf of the Board by:
C Rowlinson
S Hughes
J Kirton
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PICCADILLY GARDEN LIMITED A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
I report on the financial statements of the company for the year ended 30[th] September 2023 as set out on pages 8 to 18.
This report is made solely to the charity’s Trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
Respective responsibilities of Trustees and examiner
The charity's Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of financial statements. The Trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (‘the Charities Act’) and that an independent examination is needed.
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:
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examine the financial statements under Section 145 of the Charities Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
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to state where particular matters have come to my attention.
Basis of independent examiner’s 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements 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 audit, and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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a) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Companies Act; and
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to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the Companies Act
have not been met; or
- b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Mr R Mitchell For and on behalf of:
CWR Chartered Accountants 20 Mannin Way Lancaster Business Park Caton Road Lancaster LA1 3SW
Date: 20[th] December 2023
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
| Notes | Unrestricted | Restricted | Fixed Asset | Total Funds |
Total Funds | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | ||
| INCOME: | ||||||
| Donations and Grants | 2A | 302,489 | 9,146 | 9,354 | 320,989 | 60,286 |
| Charitable Activities | 4 | 241,820 | - | - | 241,820 | 182,515 |
| Other Trading Activities | 2B | - | - | - | - | - |
| Investments | 3 | 372 | - | - | 372 | 2 |
| TOTAL | 544,681 | 9,146 | 9,354 | 563,181 | 242,823 | |
| EXPENDITURE ON: | ||||||
| Raising Funds | 5A | - | - | - | - | - |
| Charitable Activities | 5B | 250,113 | 9,146 | 28,322 | 287,581 | 232,343 |
| TOTAL | 250,113 | 9,146 | 28,322 | 287,581 | 232,343 | |
| NET INCOME | 294,568 | - | (18,968) | 275,600 | 10,480 | |
| Transfers between Funds | (8,560) | - | 8,560 | - | - | |
| ______ | ______ | _ _____ | ______ | _____ | ||
| NET MOVEMENT IN FUNDS | 286,008 | - | (10,408) | 275,600 | 10,480 | |
| RECONCILIATION OF FUNDS: | ||||||
| Total Fund Brought Forward | 82,868 | - | 278,851 | 361,719 | 351,239 | |
| ______ | ______ | ______ | ______ | ______ |
||
| Total Funds Carried Forward | 368,876 | - | 268,443 |
637,319 | 361,719 |
The Statement of Financial Activities includes all gains and losses recognised in the period.
All income and expenditure is derived from continuing activities.
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET AS AT 30[TH] SEPTEMBER 2023
| Notes FIXED ASSETS Tangible Assets 10 CURRENT ASSETS Stock Debtors 11 Cash at Bank and in Hand CURRENT LIABILITIES Creditors:- Amounts Falling Due Within 1 Year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES Creditors:- Amounts Falling Due After 1 Year TOTAL NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds 13 Designated Funds 14 Restricted Funds 15 Fixed Asset Funds 16 TOTAL CHARITY FUNDS |
- 5,074 372,847 377,921 9,045 |
Total 2023 268,443 368,876 637,319 - 637,319 68,876 300,000 - 268,443 637,319 |
- 28,221 70,467 98,688 15,820 |
Total 2022 278,851 82,868 361,719 - |
|
|---|---|---|---|---|---|
| 361,719 | |||||
| 30,466 52,402 - 278,851 |
|||||
| 361,719 |
For the financial year in question the company was entitled to exemption undersection 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.
These financial accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The notes at pages 10 to 18 form part of these accounts.
These financial accounts were approved by the Trustees and authorised for issue on the 6[th] December 2023 and are signed on their behalf by: -
C Rowlinson (Director and Trustee) Company Registration Number: 10395195 Charity Number: 1170962
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
1 ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
(a) 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 (FRS102) (effective 1[st] January 2019) – (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Piccadilly Garden Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Due to the work being carried out by the company to improve sustainability, sufficient and appropriate evidence has been obtained to support the Trustees view that the Charity Accounts should be prepared on a Going Concern basis.
(b) Fund Accounting
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Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.
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Designated funds are unrestricted funds earmarked by the board for particular purposes.
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Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms on an appeal.
(c) Income
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
The following specific policies are applied to particular categories of income:
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Voluntary income and donations are included in incoming resources when they are receivable.
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Grants are credited to the income and expenditure account as income in the year to which the grant related.
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Grants and donations with conditions attached which must be fulfilled before there is unconditional entitlement to the resources are treated in different ways. Where meeting the conditions is within the Charity’s control and there is sufficient evidence that the conditions will be met, the income is recognised. Where uncertainty exists as to whether the conditions within the Charity’s control can be met the income is not recognised but deferred as a liability until certainty exists that the conditions imposed can be met.
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Income from charitable trading activities is accounted for when earned.
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Investment income is included when receivable.
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Donated goods and services are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the Charity is reasonably quantifiable and material. The value placed on these resources is the estimated value to the Charity of the services received.
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
(d) Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
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Costs of generating funds comprises of the costs associated with attracting voluntary income and the cost of trading for fundraising purposes.
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Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the independent examination fees and costs linked to the strategic management of the Charity.
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All costs are allocated between the expenditure categories of the SOFA (Statement of Financial Activities) on a basis designed to reflect the use of the resources. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. staff time, floor area or estimated usage.
(e) Financial instruments
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The Academy Trust only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the Academy Trust and their measurement basis are as follows:
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Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed. Prepayments are not financial instruments.
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Cash at bank – is classified as a basic financial instrument and is measured at face value.
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Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.
(f) Fixed Assets
Individual Fixed Assets costing £100 or more are capitalised at cost.
Depreciation is provided on all Tangible Fixed Assets at rates calculated to write off the costs over their expected useful economic lives.
The principal rates are as follows:
Plant and Equipment 15% Straight Line Leasehold Improvements Over 30 years / 10% Straight Line Motor Vehicles 20% Straight Line
(g) Volunteers and Donated Services and Facilities
The value of services provided by volunteers is not incorporated into these financial statements.
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
| 2ADONATIONS AND GRANTS Unrestricted Restricted Morrisons Foundation LCC Winter Grant LCC Infection Control Fund Mrs P K Rowe Legacy National Lottery Awards for All Programme National Lottery Reaching Communities Grant Primrose Trust Lancaster University Wind Turbine Grant Lancaster Mobility Trust Kickstart Scheme General donations and fundraising - 3,811 - 298,624 - - - - - - 54 302,489 10,000 - - - - - - 5,000 3,500 - - 18,500 |
2023 Total 10,000 3,811 - 298,624 - - - 5,000 3,500 - 54 320,989 |
2022 Total - - 5,368 - 6,600 25,713 14,242 - - 7,862 501 60.286 |
|
|---|---|---|---|
2B OTHER TRADING ACTIVITIES
| 2023 | 2022 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Sale of Goods and Services | **- ** | **- ** | - | - |
Income arises from interest bearing deposit accounts.
3 INVESTMENTS
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PICCADILLY GARDEN LIMITED (COMPANY LIMITED BY GUARANTEE)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
| 4CHARITABLE ACTIVITIES Unrestricted Restricted Revenue Grants and Income Day Provision TOTAL INCOME FROM CHARITABLE ACTIVITIES 241,820 241,820 - - |
2023 Total 241,820 241,820 |
2022 Total 182,515 182,515 |
|---|---|---|
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
| 5EXPENDITURE Unrestricted Funds Restricted Funds A Raising Funds Fundraising Costs - - B Charitable Activities Direct Charitable Expenditure Wages and Salaries 130,901 - Activities 3,092 5,646 Heat, Light and Water 10,249 - Repairs and Maintenance 12,959 - Bank Charges 26 - Hire of Equipment 770 - Motoring Expenses 283 3,500 Health and Safety 1,568 - Loss on disposal of Fixed Assets - 298 Depreciation - 28,024 159,848 37,468 Administrative/Management Expenditure Administration/Management Salaries 58,194 - Telephone and Internet Costs 846 - Insurance 6,104 - Printing, Postage and Stationery 972 - Advertising Marketing and Publicity 319 - Sundry Expenses Including Computer Costs and Cleaning 12,312 - Bookkeeping and Payroll Fees 5,525 - Professional and Membership Fees 3,059 - Staff Training Costs 359 - 87,690 - Governance Costs Independent Examination Fees 2,575 - Total 2,575 250,113 - 37,468 |
2023 Total - 130,901 8,738 10,249 12,959 26 770 3,783 1,568 298 28,024 197,316 58,194 846 6,104 972 319 12,312 5,525 3,059 359 87,690 2,575 2,575 287,581 |
2022 Total - 95,661 5,327 6,366 5,400 18 1,011 3,508 1,680 465 27,981 147,417 55,962 1,455 6,286 498 239 9,437 5,630 2,592 377 82,476 2,450 2,450 232,343 |
|---|---|---|
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
6 ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL
| Staff costs were as follows: Wages and Salaries Social Security Costs Pension Costs Total Staff Costs |
2023 178,995 6,732 3,368 189,095 |
2022 144,828 4,235 2,560 151,623 |
|---|---|---|
No employee earned £60,000 p.a. or more.
No remuneration or expenses were paid to any Trustee in the current or prior year.
Key management personnel are considered to also be the trustees of the charity. No trustee received remuneration or were reimbursed expenses for the current or prior financial period.
7 STAFF NUMBERS
The average number of employees during the period were as follows:
| 2023 | 2022 | |
|---|---|---|
| Direct Charitable Work | 8 | 6 |
| Administration and Management | 3 | 3 |
8 RELATED PARTY TRANSACTIONS .
No Trustee or related party has had any personal interest in any contract or transaction entered into by the Charity during the year.
9 CORPORATION TAX
The Charity is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 on Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
| 10TANGIBLE ASSETS Leasehold Plant and Motor Land Equipment Vehicles and Buildings Cost At 1stOctober 2022 334,662 92,615 28,083 Additions 9,354 8,560 - Disposals - (2,129) - __ __ At 30thSeptember 2023 344,016 99,046 28,083 Depreciation At 1stOctober 2022 92,203 60,059 24,247 Charge for the period 16,480 8,389 3,155 On disposal - (1,831) - _ _ At 30thSeptember 2023 108,683 66,617 27,402 Net Book Value At 30thSeptember 2023 235,333 32,429 681 At 30thSeptember 2022 242,459 32,556 3,836 11DEBTORS 2023 Trade debtors 3,987 Prepayments 716 Other debtors 371 5,074 12CREDITORS: AMOUNTS FALLING DUE WITHIN 1 YEAR 2023 Trade creditors 1,809 Accruals 3,142 Taxation and Social Security 4,094 Deferred income - 9,045 |
Total 455,360 17,914 (2,129) __ 471,145 176,509 28,024 (1,831) ____ 202,702 268,443 278,851 2022 6,627 1,990 19,604 28,221 2022 1,086 3,164 1,570 10,000 15,820 |
Total 455,360 17,914 (2,129) ______ 471,145 |
|---|---|---|
176,509 28,024 (1,831) ______ 202,702 268,443 |
||
278,851 |
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PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
| 13UNRESTRICTED FUNDS 2023 Brought forward 30,466 Surplus for the period 294,568 Transfer (to) designated fund (247,598) Transfer (to) fixed asset funds (8,560) Carried forward 68,876 14DESIGNATED FUNDS 2023 Brought forward 52,402 Transfer from unrestricted funds 247,598 Carried forward 300,000 15RESTRICTED FUNDS 2023 Brought forward - Surplus/deficit for the period - Transfer to fixed asset funds - Carried forward - |
2022 9,833 13,213 17,978 (10,558) 30,466 |
2022 9,833 13,213 17,978 (10,558) 30,466 |
|---|---|---|
2022 70,380 (17,978) |
||
52,402 |
||
2022 - - - |
||
| _ | **_ ___- ** |
During the 2022/23 period, the trustees have elected to increase the designated fund to £300,000 coinciding with the receipt of the funds from the Mrs P K Rowe legacy. The trustees have agreed to invest part of these funds in improving the charity’s infrastructure in 2023/24, the remaining funds will be invested in order to secure the long term future of the charity, protecting against future unexpected costs or shortfalls of income against expenditure.
16 FIXED ASSET FUNDS
| Brought forward Capital income Deprecation and profit/loss on disposal Transfer from other funds Carried forward |
2023 278,851 9,354 (28,322) 8,560 268,443 |
2022 271,026 25,713 (28,446) 10,558 |
|---|---|---|
| 278,851 |
17 ANALYSIS OF ASSETS BETWEEN FUNDS
| Unrestricted Funds Restricted Funds Fixed Asset Funds Tangible Fixed Assets - - 268,443 Current Assets 377,921 - - Current Liabilities (9,045) - - Net Assets at 30thSeptember 2023 368,876 - 268,443 |
Total Funds 268,443 377,921 (9,045) 637,319 |
|---|---|
PAGE 18
PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2023
18 ANALYSIS OF MOVEMENT IN RESTRICTED FUNDS
| At | Incoming | Outgoing | Capitalised | At | |
|---|---|---|---|---|---|
| 01/10/2022 | Funds | Funds | Assets | 30/09/2023 | |
| Morrisons Foundation | - | 10,000 | (5,646) | (4,354) | - |
| Lancaster University Grant | 5,000 | - | (5,000) | - | |
| Lancaster Mobility Trust | - | 3,500 | (3,500) | - | - |
| **- ** | 18,500 | (9,146) | (9,354) | **- ** |