**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 - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 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. 6. 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 7. I confirm that the charity has not contracted for any capital expenditure other than as disclosed in the accounts. 8. 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