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2024-03-31-accounts

Charity registration number 1180765

Company registration number 11007958 (England and Wales)

SOUTH SHORE COMMUNITY PARTNERSHIP LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr B L Coope
Ms G King
Ms CF Eccleston
Ms N Ellis
Mrs JL Gardner
Charity number 1180765
Company number 11007958
Principal address The Old Library Community Centre
120 Highfield Road
Blackpool
FY4 2JF
Registered office 20 Heron Way
Blackpool
Lancashire
FY3 8FB
Independent examiner David Evans FCA
Bishops
1 Croft Court, Plumpton Close
Whitehills Business Park
Blackpool
FY4 5PR

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 12

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The charity's objects are to further or benefit the residents of the Fylde Coast, without distinction of sex, sexual orientation, race or of political, religious or other opinions.The policies adopted in furtherance of these objects are to associate together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and provide facilities in the interests of social welfare for recreation and leisure time occupation. The objective is to improve the conditions or life for the residents. In order to achieve these aims the trustees have established a community centre to enable community activities to take place in a safe and secure environment. They have also taken over the running of a Friends group in a local park. There has been no change in these during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The charity is grateful for the support of the volunteers without whom the charity would be unable to function effectively.

Achievements and performance

2023-24 has seen the footfall at the centre increase from 14300 to over 19000 a year, 33%. They have seen over 200 new users join the centre in the last year with the biggest increase over the winter months. One of the most rewarding aspects is that this increase is across all ages of the community, which shows that they are now offering the right activities that appeal to the whole community. In the last year they have employed a new member of staff which has enabled them to offer more facilities. The centre has launched several new initiatives this year and has formed good working relationships with other charities and groups such as NHS, AA, Blackpool Council, Blackpool Volunteers, Bipolar UK which again opens the centre to more people. Their children’s groups – Rainbows, Brownies, Beavers, Cubs & Scouts continue to thrive and the majority of the groups have now got waiting lists.

The cost of living is still impacting heavily on the community. This winter the centre launched ‘Tea Time Hubs’ three nights a week, these nights enabled families to come to The Hub straight from school to enjoy activities and a hot cooked meal. They also continued their ‘warm hub’ at lunchtime, offering soup and a sandwich to the older community. Both these initiatives saved people money on heating, lighting and the buying and cooking of food as well as enjoying additional socialisation.

Financial review

The centre has been extremely busy with the activities it runs during the year the net reserves are a healthy £91,714 with £93,689 held in cash at the bank at the end of the year. This has been made up from the money raised at the classes along with the grants from various funders.

The net reserves are split £50,029 which is restricted and £41,685 unrestricted.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between six and twelve month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The principal source of funding was by The Tudor Trust for the recruitment of a Centre manager and for core costs and Blackpool Council who supported the centre and its users with the cost of living.

The Pay back Time Trust kindly provided funding towards our core costs.

Further grants were received from The Halsall Foundation who funded a new staff member, Squires Gate Councillors helped fund activities in the Babies & Buddies group. Lottery Awards for all funded the replacement of much of the large equipment in the kitchen and ASDA funded a new ventilation system in the kitchen.

The Friends of Highfield Park continued to receive donations from Beaverbrook’s.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Planning for the future

The trustees are looking to maintain and grow the activities available at the centre and to help families to equip themselves to combat the cost of living in the future. This will involve employing another member of staff and introducing, training courses as well as cookery and budgeting courses.

Structure, governance and management

The charity is a company limited by guarantee and is controlled by its governing document, a deed of trust.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr B L Coope Ms G King Ms CF Eccleston Ms N Ellis Mrs JL Gardner

Trustees are recruited from members of the local community with particular skills in the aims and objectives of the charity.

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.

The trustees act as a management committee and meet on a regular basis to determine the policy and direction of the organisation.

New trustees are encouraged to get to know the organisation and are mentored by existing trustees.

The trustees' report was approved by the Board of Trustees.

Ms G King

Trustee Dated: 6 June 2024

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF SOUTH SHORE COMMUNITY PARTNERSHIP LTD

I report to the trustees on my examination of the financial statements of South Shore Community Partnership Ltd (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

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

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:

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 financial statements to be reached.

David Evans FCA

Bishops 1 Croft Court, Plumpton Close Whitehills Business Park Blackpool FY4 5PR

Dated: 6 June 2024

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
2
2,600
118,504
Charitable activities
3
33,045
-
Total income
35,645
118,504
Expenditure on:
Charitable activities
4
24,074
83,092
Total expenditure
24,074
83,092
Net income
11,571
35,412
Transfers between
funds
9,650
(9,650)
Net movement in
funds
21,221
25,762
Reconciliation of funds:
Fund balances at 1 April 2023
20,464
24,267
Fund balances at 31 March
2024
41,685
50,029		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
121,104
500
67,134
33,045
21,538
-
154,149
22,038
67,134
107,166
14,415
67,917
107,166
14,415
67,917
46,983
7,623
(783)
-
(642)
642
46,983
6,981
(141)
44,731
13,483
24,408
91,714
20,464
24,267		 Total
2023
£
67,634
21,538
89,172
82,332
82,332
6,840
-
6,840
37,891
44,731

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
10
Net current assets
Net assets excluding pension liability
The funds of the charity
Restricted income funds
11
Unrestricted funds		 2024
£
93,689
(1,975)		 £
91,714
91,714
50,029
41,685
91,714		 2023
£
45,451
(720)		 £
44,731
44,731
24,267
20,464
44,731

The notes on pages 6 to 12 form part of these financial statements.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees on 6 June 2024

Mr B L Coope Ms G King Trustee Trustee

Company registration number 11007958 (England and Wales)

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

South Shore Community Partnership Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 20 Heron Way, Blackpool, Lancashire, FY3 8FB.

The principal address is

The Old Library Community Centre 120 Highfield Road Blackpool FY4 2JF

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.5 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
2,600
-
Grants receivable
-
118,504
2,600
118,504
Donations and gifts
Other
2,600
-
2,600
-		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
2,600
500
-
118,504
-
67,134
121,104
500
67,134
2,600
500
-
2,600
500
-		 Total
2023
£
500
67,134
67,634
500
500

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

2
Income from donations and legacies
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Grants receivable for core activities
Awards for All
-
8,545
Vera Wolstencroft
-
-
Blackpool Borough
Council
-
57,215
Tudor Trust
-
30,000
Squires Gate Councillors
-
-
The Halsall Foundation
-
15,000
Arnold Clark
-
-
The Payback Trust
-
6,000
The Friends of Highfield
Park
-
840
Other
-
904
-
118,504
3
Income from
charitable activities
Classes
Room hire
and fund
raising
2024
2024
£
£
Ancillary trading
income
22,042
11,003
Analysis by fund
Unrestricted funds
22,042
11,003		 Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
(Continued)
8,545
-
-
-
-
-
9,700
9,700
57,215
-
13,488
13,488
30,000
-
30,000
30,000
-
-
3,425
3,425
15,000
-
-
-
-
-
2,000
2,000
6,000
-
8,000
8,000
840
-
521
521
904
-
-
-
118,504
-
67,134
67,134
Total
Classes
Room hire
and fund
raising
Total
2024
2023
2023
2023
£
£
£
£
33,045
17,126
4,412
21,538
33,045
17,126
4,412
21,538		 Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
(Continued)
8,545
-
-
-
-
-
9,700
9,700
57,215
-
13,488
13,488
30,000
-
30,000
30,000
-
-
3,425
3,425
15,000
-
-
-
-
-
2,000
2,000
6,000
-
8,000
8,000
840
-
521
521
904
-
-
-
118,504
-
67,134
67,134
Total
Classes
Room hire
and fund
raising
Total
2024
2023
2023
2023
£
£
£
£
33,045
17,126
4,412
21,538
33,045
17,126
4,412
21,538
67,134
Total
2023
£
21,538
21,538

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities

Centre costs
Centre costs
2024
2023
£
£
Staff costs
33,821
17,932
Insurance
1,137
1,243
Broadband and internet costs
1,144
822
Utility costs
9,270
5,779
Office costs
1,524
2,098
Sundries
4,550
3,824
Centre - Repairs and refurb
5,248
3,112
Centre - Cleaning
4,755
3,929
Centre - Repairs and refurbishment
13,188
22,143
Centre - Council costs
1,365
1,745
Event expenses
3,683
4,904
Class expenses
11,199
9,989
Baby Bank
2,917
3,134
Bank charges
558
-
Cost of living support payments
12,027
-
106,386
80,654
Share of governance costs (see note 6)
780
1,678
107,166
82,332
Analysis by fund
Unrestricted funds
24,074
14,415
Restricted funds
83,092
67,917
107,166
82,332		 Centre costs
Centre costs
2024
2023
£
£
Staff costs
33,821
17,932
Insurance
1,137
1,243
Broadband and internet costs
1,144
822
Utility costs
9,270
5,779
Office costs
1,524
2,098
Sundries
4,550
3,824
Centre - Repairs and refurb
5,248
3,112
Centre - Cleaning
4,755
3,929
Centre - Repairs and refurbishment
13,188
22,143
Centre - Council costs
1,365
1,745
Event expenses
3,683
4,904
Class expenses
11,199
9,989
Baby Bank
2,917
3,134
Bank charges
558
-
Cost of living support payments
12,027
-
106,386
80,654
Share of governance costs (see note 6)
780
1,678
107,166
82,332
Analysis by fund
Unrestricted funds
24,074
14,415
Restricted funds
83,092
67,917
107,166
82,332		 Centre costs
Centre costs
2024
2023
£
£
Staff costs
33,821
17,932
Insurance
1,137
1,243
Broadband and internet costs
1,144
822
Utility costs
9,270
5,779
Office costs
1,524
2,098
Sundries
4,550
3,824
Centre - Repairs and refurb
5,248
3,112
Centre - Cleaning
4,755
3,929
Centre - Repairs and refurbishment
13,188
22,143
Centre - Council costs
1,365
1,745
Event expenses
3,683
4,904
Class expenses
11,199
9,989
Baby Bank
2,917
3,134
Bank charges
558
-
Cost of living support payments
12,027
-
106,386
80,654
Share of governance costs (see note 6)
780
1,678
107,166
82,332
Analysis by fund
Unrestricted funds
24,074
14,415
Restricted funds
83,092
67,917
107,166
82,332
2024
£
33,821
1,137
1,144
9,270
1,524
4,550
5,248
4,755
13,188
1,365
3,683
11,199
2,917
558
12,027
106,386
780
107,166
24,074
83,092
107,166		 2023
£
17,932
1,243
822
5,779
2,098
3,824
3,112
3,929
22,143
1,745
4,904
9,989
3,134
-
-
80,654
1,678
82,332
14,415
67,917
82,332

5 Description of charitable activities

The charity operates a community centre and therefore all costs incurred are in relation to the operation of the community centre.

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

6 Support costs

Support
costs
Governance
costs
£
£
Legal and professional
-
-
Independent examination
-
780
-
780
Analysed between
Charitable activities
-
780		 2024Support costs Governance
costs
£
£
£
-
-
958
780
-
720
780
-
1,678
780
-
1,678		 2023
£
958
720
1,678
1,678

7 Trustees

With the exception of the payment of a salary as centre manager to the spouse of a trustee and the reimbursement of out of pocket expenses to trustees, none of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

8 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
2 1
Employment costs 2024 2023
£ £
Wages and salaries 33,821 17,932

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

9 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

10 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 1,975 720

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

11 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Awards for All - 8,545 (8,383) - 162
Squires Gate Councillors -
Babies & Buddies 2,000 - (189) (1,138) 673
The Halsall Foundation 2,089 15,000 (9,999) 235 7,325
Arnold Clark 83 - (101) 18 -
The Payback Trust 578 6,000 (6,634) 56 -
The Friends of Highfield Park 7,554 840 (4,496) 387 4,285
Blackpool Borough Council 2,494 57,215 (20,968) (9,287) 29,454
The Tudor Trust 9,469 30,000 (31,351) 12 8,130
Asda Foundation - 904 (971) 67 -
24,267 118,504 (83,092) (9,650) 50,029
Previous year: At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
Awards for All 477 - (477) - -
Squires Gate Councillors -
Babies & Buddies - 3,425 (455) (970) 2,000
The Halsall Foundation 9,123 - (7,891) 857 2,089
Arnold Clark 945 2,000 (2,862) - 83
The Payback Trust 2,380 8,000 (9,802) - 578
The Russell Haldane Trust 3,583 - (4,124) 541 -
The Friends of Highfield Park 7,900 521 (526) (341) 7,554
Vera Wolstencroft - 9,700 (11,064) 1,364 -
Blackpool Borough Council - 13,488 (10,185) (809) 2,494
The Tudor Trust - 30,000 (20,531) - 9,469
24,408 67,134 (67,917) 642 24,267

SOUTH SHORE COMMUNITY PARTNERSHIP LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

12 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At
General funds
Previous year:
At
General funds
Analysis of net assets between funds
At 31 March 2024:
Current assets/(liabilities)
At 31 March 2023:
Current assets/(liabilities)		 1 April
2023
Incoming
resources
Resources
expended
Transfers
At 31 March
2024
£
£
£
£
£
20,464
35,645
(24,074)
9,650
41,685
1 April
2022
Incoming
resources
Resources
expended
Transfers
At 31 March
2023
£
£
£
£
£
13,483
22,038
(14,415)
(642)
20,464
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
41,685
50,029
91,714
41,685
50,029
91,714
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
20,464
24,267
44,731
20,464
24,267
44,731

13 Analysis of net assets between funds

14 Related party transactions

Other than as disclosed elsewhere there were no disclosable related party transactions during the year (2023 - none).