Charity r•glstratlon number 1174266 LEAPGATE ACTIVITY CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
LEAPGATE ACTIVITY CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J Handley Mrs M Handley Mr5 J Jones Mrw G Green Charity number 1174266 Prin¢ipal address Leapgate Farm Wilden Siourport-on-sevem Worcestershlre DY13 9JH Independent •xamlnar William Roberts FCCA Ormerod Rutter Limited The Oakley Kidderminsler Road Droitwich Wor¢eslershire WR9 9AY Bankers Barclays Bank PIC 1 Churchill Place London E145HP
LEAPGATE ACTIVITY CENTRE CONTENTS Page Trustees. report Independent examiner's report Statement of financial activities Balance sheet Notes lo the financial statements 8-15
LEAPGATE ACTIVITY CENTRE TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their report and financial statements for the year ended 31 Dècemb8r 2023. The financial slalements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the Charivs constitution, the Charities Act 2011 and 'Account4ng and Reporting by Charities.. Statement of Recommended Practice applicable to chari118s preparing their accounts in accordance with the Financial Reporting Standard applicabla in the UK and Republic of Ireland {FRS 1021 "(èffe¢tive from 1 January 20191. Objectives and activitie5 Tho Charity's objects are lo advance education, promote leaming for pleasure and relieve need for people wlh learning disabilities through the provision of educational activities and the continued development of their individual capabilities, CompetenS. skills and undersianding in subjects and areas of educational and recreational value and there has been no change in these during the year. In carrying out the objectives as described, the Trustees feel that the charity has Complied with ils duty in section 17151 of the Charili&s Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Achievem8nt$ and performance There are now fifty participants who engage in weekly sessions lo leam culinary and catering skills. animal care. hotticullure, craft and woodwork. A further twenty participants a¢¢ess the facilities by attending classes. Financial revlew The results for the year are set out on page S. The Charity has generated a surplus this year which consists of unreslricled funds lo be carried foMard to the next financial year. During this year the Charity has continued to maintaln Incorne levels to enable il to conts'nue and improve its charit8ble aclivilies. Rlsk managemgnt The Trustees have assessed the major risks lo which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The Charty is a Charitable Incorporated Organisation (CIO) whose only voting members are ils Charity Trustees. The Trustees who served durfng the year and up lo the dale of signature of the financial ststemenls were-. Mr J Handley Mrs M Handley Mrs J Jones Mr W G Green Apart from the first charity tnjslees. every Iruslee musl be appointed. for a term of four years, by a resolution passed at a properly convened meeting of the ¢harily trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have r&gard lo the skill, thowledge and experience needed for the effects've Èdminislration of the CIO. The charity Iruslees wll make available lo each new charity Iruslee, on or before his or her first appointment a copy of the current version of this Constitution and a Copy of the CIO'S latest Trustees, Annual Report and statement of accounts. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
LEAPGATE ACTIVITY CENTRE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 stalement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees. Report and the financial slalemenls in accordance wtlh applicable law and United NgdoM Accounting Slanijards (United KingdoTn Gtsnerally ACpted AccoLJnting Practice}. The law applicable lo charities in England and Wales reqijires the Trustees lo prepare linancial slalements for each financial year which give a true and fair view of the slate of affairs of the Charity and of the incoming resources and application of resoLtrces of the Charity for that year. In pieparfng these financial stslemenls. the Trustees are reqUId to.. select suitable accounting policies and then apply them consistently.. obseNe the methods and prinryples in the Charities SORP.. make judgements and eslimales that are fea80nable and prudent.. stale whether applicable accounling standards have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial ststements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The charity Iwstees must comply with the requirements of th8 Chaiilies Act 2011 with regard lo the keeping of 8CCOUllting records. to the preparation and scrutiny of statements of account, and to the preparation annual reports and returns. The statèments of account, reports and relums musl be sent lo the Charity Cornmission, re9ardless of the incornes of th8 CIO within 10 month5 of the financial year end. The ¢harity trustees must comply with their obligation lo inform the commisston within 28 days of any change in the particulars of the CIO enterad on the Central Register of Charities. The Trustees. report was approved by the Board of Trustees. Mrs M Handley Trustee Dated.. .aa"
LEAPGATE ACTIVITY CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEAPGATE ACTIVITY CENTRE I report lo the Trustees on my gxamination of the financSal statements of Leapgale Activity cent Ilhe Charity) for the year ended 31 0ecemb8r 2023. Responsibilitles and basls of report As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance Trmth the requirements of the Charities Act 2011 Ilhe 2011 Actl. I report in respect of my examination of the Charbty's financial statements carrièd out under section 145 of the 2011 Act. In carrying out my examination I havg followad all the applicable Directions given by the Charity Cornmission under section 14515llbl of the 2011 Act. Ind¢pendent •xamlnerf$ statement Your attention is drawn to the fact that the charity has prepared financial statements in accordan with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in pfence lo the Accounting and Reporting by Charities.. Statement of Recommendgd Practice issued on 1 April 2005 which is ferred lo in the extant regulations bul has now bèen withdrawn. l understand that this has been done in order for financial statements lo provide a true and fair view in accordance with Generally A¢cepled Accounting Practice effective for repong periods beginning on or aftei 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the exarnination giving me cause to believe that in any material respgct.. accounting records were not kepl in respect of the Charity as required by section 130 of the 2011 Act.. or tha financial statements do not accord with those re¢Drds,' or the financial statements do not comply with the applicable requir8mènts concerning the form and content of accounts set OLtt in th8 Charities (Accounts and Reports) Regulations 2008 othèr than any requirement that the accounts give a true and fair view which is not a m8tter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examlnation to which attenllon should be drawn in his report in o lo enable a proper understanding of the financial stat8ments to be reached. Garry Rutter Omierod R The Oakley Kidderminsler Road Droitwich Wor¢estershire WR9 9AY r Limited
LEAPGATE ACTIVITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted funds fund$ 2023 2023 Total Unrestricted R8strict•d funds funds 2022 2022 Total 2023 2022 Notes Incomè fram- Oonalions and legacies Charitable activities Other trading activities Investments 17.056 188.332 20,018 1,099 17,056 188,332 20,018 1.099 25.482 147,849 23.649 5,(X)O 30.482 147.849 23,649 Total In¢ome 226,505 226,505 196,980 5.000 201,980 Expenditure on: Raising funds Charitable activities 43 193,996 43 198,297 206 170.658 206 174.959 4,301 4,301 Total •xpendituro 194,039 4.301 198,340 170,864 4.301 175,165 Not incornel{expenditurel and movement in fund5 32.466 14,3011 28,165 26,116 699 26,815 Reconciliation of funds: Fund balances al 1 January 2023 383,202 160.324 543,526 357,086 159,625 516,711 Fund balances at 31 December 2023 415.668 156,023 S71.691 383,202 160.324 543,526 The slalemer)t of financial activities Includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies.
LEAPGATE ACTIVITY CENTRE BALANCE SHEET ASAT 31 DECEMBER 2023 2023 2022 Not•$ Fixed assets Tangible assets 14 387.364 386,946 Current assets Debtors Cash al bank and in hand 15 16,959 173.405 17,412 143.723 190,364 161,135 Cr&ditors.' amounts falling duo within one year 16 16,037) {4.555) Net current asset$ 184,327 156,580 Total assets less current Ilabilities 571,691 543.526 N¢t assets 8x¢luding pension Ilability 571,691 543,526 The funds ofthe Charity Reslricled income funds Unrestricted funds 17 156,023 415,668 160,324 383,202 571,691 543,526 The financial stslements were approved by the Trustees on Mrs M Handley Trustee
LEAPGATE ACTIVITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollelès Charlty informatlon Leapgale Activity Centre is a Charitable Incorporated Organisalion ICIO} registered with the Charity Commission. 1.1 Accountlng convention The financial stslemenls have been prepared in accordance with the Charity's constitution, the Charities Act 2011 and Accounllng and Reporting by Charities.. Statement of Recommended Practice applicable to ¢harilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021" leffective from 1 January 20191. The charity is a Public Benefit Entity as (Jefined by FRS 102. The financial slalements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adoptsd are sel out below. 1.2 Going concem Al the time of approving the financial slalemenls. the Trustees have a reasonable expectation that the Charity has adequate $0[Ce5 lo continue in operational existence for the foreseeable future. Thus the Trustees continue lo adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charftable funds Unreslricled funds are availabte for use at the discretion of the Trustees In furtherance of their charftsble objectives. Resliicted ftjnds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and Ljses ol the $tricted funds are set out In the notes to the financial slalemenls. 1.4 In¢om• Income is recognised when the Charity is legally entitled to it after any perfomiance conditions have been mel. the amounts can be measured reliably. and it is probable that incomg will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donab'on, unless perforrnance conditions require deferral of the amount. Income lax recoverable in rejalion lo dOnaon$ received under GrftAid or deeds of covenant is recognised at the time of the donation. 1.5 Expenditure Expenditure is accounted for on an accruals basis and has been cla55ified under headings that aggregate all cost related to the category. Where costs cannot be dI¢11Y attributed lo particular headings they have been allocated lo activities on a basis consistont with the use of resources. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequenuy measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Buildings Fixtures and fittings Over 50 years lease term IOOA slraighl line
LEAPGATE ACTIVITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountln9 policies (Continued) The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value ol the asset, and is re¢<¥Jnised in th9 Statement of finanryal aclivilies. 1.7 Impalrment of fixed assets At each repoth'ng end dale, the Charity reviews the carying amounts of ils tangible assets lo delemine whether there is any indication that those assets have suffered an irnpairmenl loss. If any such indication exists, th8 recoverable amount of the asset is estimated in order to dètemiine the extent of the impaimient Ioss lif any). 1.8 Cash and Cash equivalents Cash and cash equivalents include cash in han(J, deposits held at call with banks. other short-lemi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial Instruments The Charity has ele¢ted lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised In the Charity's balance sheet when the Charity becomes paty to the contractual provisions of the instrumant. Financial assals and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo setue on a nel basis or lo realise the assgt and sellle the liability simultaneously. 1.10 Employee benefits The cost of any unused holiday enlillement is iecognised in the period in which the employee's services are reived. Termination benefits are recognised immediately as an expense when the Charily is demonstrably committed lo lerminale the employment of an employee or to provide termination benefit5. 1.11 Retirament bènefits Payments lo defined ¢onlribulion retlremenl benefit schemes are charged as an expense as they fall dua. Critical a¢countlng estimate$ and judgomants In the application of the Charity's ac¢ounting policies, the Trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The &slimales and associated assumptions are based on historical experience and other factors that are conSided to be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.
LEAPGATE ACTIVITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incom¢ from donatlons and legacles Unrestrlcted Unrestrlctod Reslricled funds funds funds Totsl 2023 2022 2022 2022 Donations and gifts Grants re1Vable 8,912 8,144 5,736 19.746 5.736 24.746 5,000 17.056 25,482 5,000 30.482 Donations and grfts Donations 8,912 5,736 5,736 8,912 5,736 5,736 Grants recelvable for core activiti0$ Worcester City Council Coronavirus Infection Wyre Forest District Council Community Worcester CC Community Arnold Clark Community Fund GB Partnership Lidl Community Fund Lloyds Bank Foundation 9,400 250 5,096 1,000 4,000 9.400 250 5.096 1,000 4.000 5.000 5.000 5,000 500 8.144 19.746 5,000 24,746 InMme from charltable actrvities Unrestricted Funds Total 2023 2022 Bakery and farm sesslons 188,332 147.849
LEAPGATE ACTIVITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from other trading activities Unrestrl¢ted funds Total 2023 2022 Fundraising Èvents Hire of facilities Sale of goods 2,757 16.265 996 3,446 17,995 2,208 Income from other trading activities 20.018 23.649 Incomo from Investments Unrestrlcted Unrestrfctsd funds funds 2023 2022 Interest receivable 1.099 Expenditure on ralsing funds Unrestrlctèd funds Total 2023 2022 Fundrai and ublic Fundraising agents 43 206 43 206
LEAPGATE ACTIVITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on charitable actlvities 2023 2022 Diract ¢osts Staff costs Bakery expenses Insurance Repairs Postage & stalion8ry Activity expenses Sundry Heal and light Rent Goods purchases Safeguarding and training 112.800 6.982 1,356 11,415 192 23.609 1.880 11,552 5,000 920 90 92.559 8.913 1,299 17,690 39 14.258 955 13.688 5,000 1,952 419 175.796 156.772 Share of support and governance co$ts {5ee notè 91 Support Governan 20,300 2.201 16,020 2.167 198,297 174.959 Analysls by fund Unrestricted funds Reslricled funds 193.996 4,301 170,658 4.301 198.297 174.959 Support c¢sts Support Governance costs costs 2023 Support Governance costs osts 2022 Depreciation Information technology 19,406 894 19,406 894 15.912 108 15,912 108 Accountancy Fees 2.201 2.201 2,167 2.167 20.300 2,201 22,501 16,020 2,167 18,187 Analysed between Charitable aolivilies 20,300 2.201 22,501 16,020 2,167 18,187 10-
LEAPGATE ACTIVITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Not movament In funds 2023 2022 The nel movement in funds is slated aft@r chargingl(credilingl'. Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 17,528 1,878 15.912 11 Trustees None of the Trustees lor any persons conneclgd with them) received any remuneration or benefits from the Charity during the year. 12 Employees Number of employees The average monthly number of employees during the year was.. 2023 Number 2022 Number Bakery Staff Activity Stsff Employment ¢o$ts 2023 2022 Wages and salaries Olher pension costs 110.680 2,120 90,822 1.737 112,800 92,559 There wer8 no employees wh08e annual remuneration was £60,000 or more. 13 Taxatlon The charity 18 exempl from taxation on ils activities because all ils Income is applied for charitable purposes.
LEAPGATE ACTIVITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Tanglble tixed a$sets Buildings Flxtures and fittinys Totsl Cost Al 1 January 2023 Additions Disposals 341,673 86.427 19.824 13,6701 428.100 19,824 13,6701 At 31 December 2023 341,673 102,581 444,254 Depreclation and Impaimient At 1 January 2023 Depreciation charged in the year Eliminated in iespect of disposals 14,539 7.270 26.615 10,258 11,7921 41,154 17.528 11.7921 Al 31 December 2023 21,809 35,081 56.890 Carrylng amount Al 31 December 2023 319,864 67,500 387.364 At 31 December 2022 327,134 59,812 386.946 15 Debtor$ 2023 2022 Amounts falllng due withln one year: Trade debtors Other debtors Prepayments and accrued incom9 13,031 2.810 1,118 16,432 980 16,959 17,412 16 Credltors- amounts falling due within one yèar 2023 2022 Trade creditors Accruals and deferred income 1.835 4,202 1.504 3,051 6.037 4,555 12-
LEAPGATE ACTIVITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Restricted tund$ The income funds of thè Charity include restricted funds comprising the following balances of donatK)ns and grants held on trust for specific purposes.. Movement in fund$ Incoming RBsourG¢S Balancé at resource$ ?xpend¢d1 January 2023 Balance at 1 January 2022 Resourcos Balance at expended 31 December 2023 Bally Thomas Foundation Eveson Charitable Trust Garfield Weston Foundation Leader Grant Vinci UK Foundation Sport England Lidl Community Fund 14,680 24,467 13201 15331 14,360 23,934 {3201 1533) 14,040 23.401 19,573 48,930 3.048 48.927 (4271 11.0671 13811 11,0731 (sooi 19.146 47.863 2,667 47,854 4,500 1427} 11,0671 {3811 11,0731 1500) 18.719 46.796 2,286 46.781 4,000 5.000 159,625 5,000 14,3011 160.324 14,3011 156,023 Bally Thomas Foundatlon For construction work relating lo the new acts'vity hub. The incomè received has been fully expended as capital expenditure and depreciation will be chargèd agalnsl the fund over the useful economic litg of the building. Eveson Charftable Trust For construction work relating lo the new adlvity hub. The income receiv8d has been fully expended as capital expenditure and depCIall0 will be charged against the fund over the useful economic life of the building. Garfield Weston Foundation For construction work relating to the new actrvity hub. The income received has been fully expended as capital expenditure and depre¢ialion will be charged against the fund over the useful economic life of the building. Leader Grant For construction work relating lo the new activity hub. The income received has been fully expended as capital expenditure and depreciation will be charged against the fund over the useful economi¢ life of the buildlng. Sport England For conslru¢lion work relating to thg new activity hub. The income received has been fully exp&rKled as Capitsl expenditure and depreciation will be charged against the ftjnd over the useful economic life of the building. In¢1 UK Foundation These funds were given for tree planting, picnic benches and fencing lo be used around the gym area. This was to provide additional amenity facilities and an over811 enhancement to the site. Depreciation is charged against the fund over the useful economic life of the assets. Lidl Community Fund These funds were given for improved food storage facilities with large industrial freezer and rèfrigerator. Depreaation is charged against th8 fund over the useful economic life of the assets. 13-
LEAPGATE ACTIVITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Unrestr5cted funds The unrestrictad funds of the charity CDmpris& the unexpended balances of donations and grants which are not subject lo specific condition5 by donors and grantors as lo how they may be used. These includ& designated funds which have been set aside out of unreslricled funds by the trustees for specific purposes. At 1 January 2023 Incom5ng Resources resources expended At31 Decembèr 2023 General fund5 383.202 226,505 1194,0391 415.668 Pr•vlous year- At 1 January 2022 Incoming rèsources Resources expended At31 December 2022 General funds 357.086 196.980 1170.864) 383,202 19 Analysis of net assèts betW8en fund$ Unrestrlcted funds 2023 Rèstricted fund$ 2023 Total 2023 At 31 December 2023: Tangible assets Current assetsllliabilitiesl 231,341 184,327 156.023 387,364 184,327 415.668 156.023 571.691 Unrg$trlcted fund$ 2022 Rastrfcted fund$ 2022 Total 2022 At 31 DeceMr 2022: Tangible assets Current ass&tsllliabilitiesl 226.622 156,580 160.324 386,946 158.580 383,202 160,324 543,526 14-
LEAPGATE ACTIVITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Operating lease commllments At the reporting Ènd dale the Charity had outstanding commitments for future mSnlmum lease payrnents und8r on-¢ancellable operating leases, which fall due as follows.. 2023 2022 Within one year Beeen two and five years In over fNe years 5,000 20,000 195.000 5.000 20.000 200.000 220,000 225,000 21 Rèlated party transa¢tlons There were no disclosable related paty Iransaclions during the year12022- none). 15-