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← Love Your Community

2024-07-31-accounts

REGISTERED COMPANY NUMBER: 09683130 (England and Wales) REGISTERED CHARITY NUMBER: 1172625

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Love Your Community

Avalon Accounting Limited 12 Park Lane Tilehurst Reading Berkshire RG31 5DL

Love Your Community

Contents of the Financial Statements for the Year Ended 31 July 2024

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4 to 5
Notes to the Financial Statements 6 to 11
Detailed Statement of Financial Activities 12 to 13

Love Your Community

Report of the Trustees

for the Year Ended 31 July 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09683130 (England and Wales)

Registered Charity number

1172625

Registered office

St Birinus House Langley Hill Calcot Reading Berkshire RG31 4QX

Trustees

Mr Graham Hedley Bates Mr Gary James Bowden Ms Jillian Wells Mr. Gareth Owen

Company Secretary Ms. Jill Wells

Independent Examiner

Avalon Accounting Limited 12 Park Lane Tilehurst Reading Berkshire RG31 5DL

20/02/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.................................................................... Mr. Gareth Owen - Trustee

Page 1

Independent Examiner's Report to the Trustees of Love Your Community

Independent examiner's report to the trustees of Love Your Community ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sanjay Kumar Swarup - ACA, MBA

Avalon Accounting Limited 12 Park Lane Tilehurst Reading Berkshire RG31 5DL Date: .............................................

Page 2

Love Your Community

Statement of Financial Activities for the Year Ended 31 July 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Other trading activities
2
178,475
Investment income
3
124
Other income
-
Total
178,599
EXPENDITURE ON
Raising funds
135,585
Other
13,191
Total
148,776
NET INCOME/(EXPENDITURE)
29,823
RECONCILIATION OF FUNDS
Total funds brought forward
47,783
TOTAL FUNDS CARRIED FORWARD
77,606		 Restricted
fund
£
1,100
-
-
1,100
2,334
-
2,334
(1,234)
1,417
183		 2024
Total
funds
£
179,575
124
-
179,699
137,919
13,191
151,110
28,589
49,200
77,789		 2023
Total
funds
£
115,960
190
1,744
117,894
110,045
10,137
120,182
(2,288)
51,488
49,200

The notes form part of these financial statements

Page 3

Love Your Community

Balance Sheet 31 July 2024

Unrestricted
Restricted
fund
fund
Notes
£
£
FIXED ASSETS
Tangible assets
8
113
-
CURRENT ASSETS
Debtors
9
14,981
-
Cash at bank and in hand
64,173
183
79,154
183
CREDITORS
Amounts falling due within one year
10
(1,661)
-
NET CURRENT ASSETS
77,493
183
TOTAL ASSETS LESS CURRENT
LIABILITIES
77,606
183
NET ASSETS
77,606
183
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2024
Total
funds
£
113
14,981
64,356
79,337
(1,661)
77,676
77,789
77,789
77,606
183
77,789		 2023
Total
funds
£
151
432
50,008
50,440
(1,391)
49,049
49,200
49,200
47,783
1,417
49,200

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 4

continued...

Love Your Community

Balance Sheet - continued 31 July 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 20/02/2025

............................................. Mr. Gareth Owen - Trustee

The notes form part of these financial statements

Page 5

Love Your Community

Notes to the Financial Statements for the Year Ended 31 July 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on reducing balance

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 6

continued...

Love Your Community

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

2. OTHER TRADING ACTIVITIES

Love Your Neighbour
Fees
Uniform, trips fee etc.
Utilities from The Gate
3.
INVESTMENT INCOME
Deposit account interest
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases		 2024
£
1,100
176,284
591
1,600
179,575
2024
£
124
2024
£
38
24,500		 2023
£
-
113,750
350
1,860
115,960
2023
£
190
2023
£
51
24,000

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Trustees & Employees 17 15

No employees received emoluments in excess of £60,000.

Page 7

continued...

Love Your Community

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Other trading activities
115,960
Investment income
190
Other income
1,744
Total
117,894
EXPENDITURE ON
Raising funds
109,045
Other
10,137
Total
119,182
NET INCOME/(EXPENDITURE)
(1,288)
RECONCILIATION OF FUNDS
Total funds brought forward
49,071
TOTAL FUNDS CARRIED FORWARD
47,783
8.
TANGIBLE FIXED ASSETS
COST
At 1 August 2023 and 31 July 2024
DEPRECIATION
At 1 August 2023
Charge for year
At 31 July 2024
NET BOOK VALUE
At 31 July 2024
At 31 July 2023		 Restricted
Total
fund
funds
£
£
-
115,960
-
190
-
1,744
-
117,894
1,000
110,045
-
10,137
1,000
120,182
(1,000)
(2,288)
2,417
51,488
1,417
49,200
Computer
equipment
£
479
328
38
366
113
151

Page 8

continued...

Love Your Community

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other Loan- The Gate
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Pension Liability
Other creditors
Accrued expenses
11.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 At 1.8.23
£
47,783
1,417
49,200
Incoming
resources
£
178,599
1,100
179,699		 2024
2023
£
£
(19)
432
15,000
-
14,981
432
2024
2023
£
£
(1,493)
(639)
614
-
-
14
2,540
2,016
1,661
1,391
Net
movement
At
in funds
31.7.24
£
£
29,823
77,606
(1,234)
183
28,589
77,789
Resources
Movement
expended
in funds
£
£
(148,776)
29,823
(2,334)
(1,234)
(151,110)
28,589

Page 9

continued...

Love Your Community

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.8.22 in funds 31.7.23
£ £ £
Unrestricted funds
General fund 49,071 (1,288) 47,783
Restricted funds
Restricted fund
2,417 (1,000) 1,417
TOTAL FUNDS 51,488 (2,288) 49,200
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 117,894 (119,182) (1,288)
Restricted funds
Restricted fund
- (1,000) (1,000)
TOTAL FUNDS 117,894 (120,182) (2,288)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1.8.22 in funds 31.7.24
£ £ £
Unrestricted funds
General fund 49,071 28,535 77,606
Restricted funds
Restricted fund
2,417 (2,234) 183
TOTAL FUNDS 51,488 26,301 77,789

Page 10

continued...

Love Your Community

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
296,493
1,100
297,593		 Resources
Movement
expended
in funds
£
£
(267,958)
28,535
(3,334)
(2,234)
(271,292)
26,301

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2024.

Page 11

Love Your Community

Detailed Statement of Financial Activities
for the Year Ended 31 July 2024
INCOME AND ENDOWMENTS
Other trading activities
Love Your Neighbour
Fees
Uniform, trips fee etc.
Utilities from The Gate
Investment income
Deposit account interest
Other income
Other Income
SMP recovered
Total incoming resources
EXPENDITURE
Raising donations and legacies
Other operating leases
Love Your Neighbour
Uniform, trip fee etc.
Early Years Pupil Premium - Expenses
Other trading activities
Wages and salaries
Pensions
Support costs
Management
Insurance
Light and heat
Telephone and fax
Postage and stationery
Advertising and Promotion
Sundry Expenses
Subscription
Carried forward		 2024
£
1,100
176,284
591
1,600
179,575
124
-
-
-
179,699
24,500
2,334
4,896
343
32,073
103,570
2,276
105,846
1,574
2,362
1,008
1,282
455
13
-
6,694		 2023
£
-
113,750
350
1,860
115,960
190
200
1,544
1,744
117,894
24,000
1,000
6,241
-
31,241
76,747
1,878
78,625
789
3,221
1,159
1,463
841
13
330
7,816

This page does not form part of the statutory financial statements

Page 12

Love Your Community

Management
Brought forward
Repair and Renewals
Health and safety
Bad debt
Finance
Legal and professional charges
Bank charges
Interest on PAYE late payment
Information technology
Software licences
Other
Staff training and welfare
Governance costs
Accountancy fees
Computer equipment
Total resources expended
Net income/(expenditure)		 Detailed Statement of Financial Activities
for the Year Ended 31 July 2024		 2024
£
6,694
3,945
-
-
10,639
35
202
-
237
870
513
894
38
932
151,110
28,589		 2023
£
7,816
-
96
179
8,091
-
120
1
121
699
501
853
51
904
120,182
(2,288)

This page does not form part of the statutory financial statements

Page 13

Love Your Community St Birinus House Langley Hill Calcot Reading Berkshire United Kingdom RG31 4QX

02[nd ] December 2024

To,

Avalon Accounting Ltd 12, Park Lane Tilehurst Reading Berkshire RG31 5DL

Dear Sirs,

During the preparation of our accounts for the year ending 31[st] July 2024 the following representations were made by us to you.

Representation

  1. I acknowledge as director that I have fulfilled my responsibilities under the Charities Act 2011 for making accurate representations to you and for the accounts which you have prepared for the charity association.

  2. I confirm that all accounting records had been made available to you for the purpose of preparing the independent examination report and that all the transactions undertaken by the charity had been properly reflected and recorded in the accounting records.

  3. I confirm that the charity had no liabilities or contingent liabilities other than those disclosed in the accounts.

  4. I confirm that there have been no events since the balance sheet date which required disclosing or which would materially affect the amounts in the accounts, other than those already disclosed or included in the report.

  5. I confirm that the related party relationships and transactions set out below are a complete list of such relationships and transactions and that we are not aware of any further related party matters or transactions.

transactions.
Party Relationship Nature of transaction
- - -

I confirm that I was aware that that a related party of the charity is a person or organisation which either directly or indirectly controls, has joint control of, or significantly influences the charity or vice versa and as a result will include: trustees, other key management, close family and other business interests of the previous.

  1. I confirm that the charity has not contracted for any capital expenditure other than as disclosed in the accounts.

Love Your Community St Birinus House Langley Hill Calcot Reading Berkshire United Kingdom RG31 4QX

  1. I confirm that the charity has not contracted for any capital expenditure other than as disclosed in the accounts.

  2. I confirm that there are no laws or regulations that are central to the charity’s ability to conduct its business.

I confirm that I have read and understood the contents of this letter and agree that it accurately reflects the representations made to you by the trustees during the course of preparing the charity’s accounts.

Yours faithfully,

…………………………………………

On behalf of the Trustees Love Your Community

Date:

20/02/2025