**REGISTERED COMPANY NUMBER: 11385593 (England and Wales) REGISTERED CHARITY NUMBER: 1181010**
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 May 2025
for
The Learning Rooms Southport
V & R Accountancy Services Limited Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
The Learning Rooms Southport
Contents of the Financial Statements for the Year Ended 31 May 2025
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|7|
|Independent Examiner's Report||8||
|Statement of Financial Activities||9||
|Balance Sheet|10|to|11|
|Cash Flow Statement||12||
|Notes to the Cash Flow Statement||13||
|Notes to the Financial Statements|14|to|20|
The Learning Rooms Southport (Registered number: 11385593)
## Report of the Trustees
## for the Year Ended 31 May 2025
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 May 2025. 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).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
Our charity's purposes as set out in the objects contained in the company's Memorandum of Association are:
- To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.
For the purpose of this clause, 'socially excluded' means being excluded from society, or their community, or part of society, possibly as result of being a member of a socially and economically deprived community.
Our aims fully reflect the purposes that the charity was set up to further.
## **Ensuring our work delivers our aims**
We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous twelve months.The review looks at the success of each key activity and the benefits they have brought to the group of people we are set up to help. The review also helps us ensure our aims, objectives and activities remained focused on our stated purposes.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
## **The focus of our work**
Our main objective is to support people with disabilities and additional needs to live a fulfilling and independent life through developing their unique skills and talents. In order to achieve this, we offer inclusive strategies to enable the people we support to make meaningful choices about their support pathways. Our way of working focuses on three key areas skill development - skills for work, independence skills and social skills.
1. People with disabilities and additional needs feel less isolated and more confident through more engagement with local people, local services and local groups and activities. Through working in the Four Seasons café, shop, charity shop and garden centre they contribute to, and become part of, the local community.
2. People with disabilities and additional needs overcome barriers and take more control of their lives. This is evidenced through improving budgeting, cooking and personal care skills as well as increased confidence to travel independently and access to community events.
3. People with disabilities and additional needs have improved skills and are more employable. Onsite, clients gain work experience and training in customer service, retail, catering, horticulture, floristry, hairdressing and small animal care. Offsite, a work experience programme offers fully supported placements with local businesses and organisations.
Page 1
The Learning Rooms Southport (Registered number: 11385593)
## Report of the Trustees
## for the Year Ended 31 May 2025
## **OBJECTIVES AND ACTIVITIES Significant activities**
## **Service users create individual training plans**
Our Work Experience and Training Co-ordinator supported service users reflect on their work experience placements and to identify goals for future placements (e.g. to work more in a team, to develop more confidence talking to the public or to build up to doing longer hours and shifts).
## **Peer mentoring**
Several of our service users have previously trained as peer mentors for other service users. This role has proved to be an excellent confidence builder for them, and this has also helped them to recognise the progress that they have made in becoming more self-reliant and independent. This year we have built further on the success of this scheme.
## **Work experience**
Emphasis has been put on delivering employability skills, from applications and interviews through to securing employment and/ or gaining feedback from work experience providers.
We have extended our employability sessions and our range of work experience placements, as the number of service users attending continues to grow and many of the regular and established service users have progressed and developed to the point, where they required the new challenge of an external work experience. Existing , previous and new placements from the previous year included:
Four Seasons Charity Shop Southport Churches Local Hairdressing salons Community Cupboard set up Birkdale Library
## **Service users developed new life skills**
Service users gained new skills including undertaking money and budgeting (through working in the café), cooking (through preparing and making food for sale in the café and for takeaways) and independent travel (developed over time as their confidence grew). Clients gained an awareness of internet safety through taking part in internet safety sessions and using the internet to shop, access training and access social sites to reduce isolation and to promote wellbeing. Clients have had further opportunities to develop IT skills during events and fundraising sessions. They have been supported to create and send emails, both requesting and sending information.
## **Service users volunteered on community activities**
This year service users have volunteered out in the community on activities including:
Singing for local community groups alongside an established community choir Dancing at the local annual Flower Show Shopping for vulnerable members of the community Collecting and stocking food items in our new Community Cupboard project Collecting and donating blankets for homeless people in the community
Spending time talking and/ or playing games with elderly people who are at risk of isolation and loneliness.
## **Performing Arts and Wellbeing activities**
In 2022, we established a new centre to include arts and media and to house the majority of our non-work related activities (The hub) and, based on consultation with our Service Users, we began offering a range of activities including boxing, independent living skills, sports, mindfulness, sewing and languages.
We have since introduced community access trips; sports; video editing; film and photography; singing; life skills; art; drama; music sessions; baking and cookery; bush craft skills; puppetry; self-care sessions; wellbeing and fundraising sessions.
We have developed and introduced a band and a football team. We hold a monthly disco and also a monthly `Chill Out` club monthly .
Page 2
The Learning Rooms Southport (Registered number: 11385593)
## Report of the Trustees
## for the Year Ended 31 May 2025
## **OBJECTIVES AND ACTIVITIES**
We have held sessions in relationship advice; appropriate behaviours; personal space; personal safety; internet safety; and self-defence.
The building continues to provide us with the space to extend our range of sessions and continue delivery of sessions. The building is in the centre of the community and within easy reach of public transport links.
## **Public benefit**
Who we help and our main activities are described below. All our charitable activities focus on preventing people from becoming socially excluded and are undertaken to further our charitable purposes for the public benefit.
## **Who used and benefited from our services?**
We worked with individuals with learning difficulties and disabilities who are in danger of becoming isolated because of their complex, individual needs and support requirements. Society does not always accept or understand the people we support. This can be due to a lack of education and knowledge and sometimes because people simply have never had any experience or opportunities to be around people with special needs.
On average, this year we supported between 40 and 43 people with disabilities and additional needs each day. Some clients attended five days a week, others for just half a day and most somewhere in between. In total, we supported 91 different individuals with disabilities and additional needs each week.
The people we worked with face a wide range of health challenges and often began with us following a period of social isolation. Support needs include autism, dyspraxia, blindness, non-verbal, hard of hearing, epilepsy, Down's Syndrome, cerebral palsy, schizophrenia, dementia, epilepsy, global developmental delay, foetal alcohol syndrome, attention deficit hyperactivity disorder, Smith Magenis Syndrome, Microcephaly, Criduchat Syndrome, Fragile X, Williams Syndrome and wheelchair users.
## **FINANCIAL REVIEW**
## **Principal funding sources**
Our principal funding sources continued to be payments from our service users. These came in the form of Direct Debit Payments, Personal Allowances and Council Contracts. In this financial year this generated £657,988, compared with £461,020 for the comparative financial year to 31 May 2024 (note 5). Income from the shop and donations brought total income for the year ended 31 May 2025 to £784,933 (2024 - £554,329).
Naturally, the costs of carrying out the Charity's activities did rise, though the overall increase was kept under control and the Charity's income covered its costs by a margin of £75,608 to add to its accumulated funds. These funds totalled £123,995 as at 31 May 2025. Of these funds £4,000 was 'restricted funds,' in that they can only be spent on an activity or project specified by the donor.
## **Investment policy and objectives**
At this time we do not have funds available for investment. Aside from retaining a small amount in reserves each year, most of the charity's funds will be spent in the short-term, meaning there are no funds for long- term investment.
## **Reserves policy**
The reserves are needed to meet the working capital requirements of the Charity and the Management Committee is confident that at this level they would be able to continue the current activities of the Charity in the event of any significant drop in funding.
Although the strategy is to continue to build reserves through planned operating surpluses, the Management Committee is well aware that it is unlikely that the target range can be reached for at least three years. In the shortterm, the Management Committee has also considered the extent to which existing activities and expenditure could be curtailed, should such circumstances arise.
Page 3
The Learning Rooms Southport (Registered number: 11385593)
## Report of the Trustees
## for the Year Ended 31 May 2025
## **FUTURE PLANS**
The Charity plans continuing and developing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements.
Continue to develop The Hub as a 'hub' of the community, in the process challenging any stereotypes about what people with disabilities are capable of.
Continue to train service users as peer mentors.
Increase the number of learning opportunities available to service users.
Continue to widen the range of external work experience and training that we offer.
Continue to provide resources and provision to ensure smooth transition into voluntary and/or paid employment and work experience.
Explore other ideas for community partnerships including working with other social care providers.
Put on music and drama performances and exhibitions of service users' art and creative work for parents/carers,' families and the general public.
Continue to look at the potential for an online timetable to ensure full inclusion for individuals unable to access the service.
Host a fully inclusive music festival
Raise awareness of the Community Cupboard` and develop its offerings.
## **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.
The charity is controlled by its governing document, a deed of trust, and constitutes a Limited Company, limited by a guarantee, as defined by the Companies Act 2006.
It was incorporated on 26th May 2018 and registered as a charity on 5th December 2018. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the Company being wound up, members are required to contribute an amount not exceeding £10.
## **Recruitment and appointment of new trustees**
The directors of the Company are also charity trustees for the purposes of Charity Law and, under the Company's Articles, are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years, after which they must be re-elected at the next Annual General Meeting.
All members of the Management Committee give their time voluntarily and received no benefits from the charity.
The Management Committee seeks to ensure that the needs of the Charity are appropriately reflected through the diversity of the trustee body. All five trustees know our project well, having volunteered with us in various capacities over the past seven years.
Business, Educational and Financial skills are also represented on the Management Committee, who also have extensive and invaluable local knowledge.
Page 4
The Learning Rooms Southport (Registered number: 11385593)
## Report of the Trustees
## for the Year Ended 31 May 2025
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The Learning Rooms Southport has a Management Committee which meets quarterly and is responsible for the strategic direction and policy of the Charity. At present the Committee has five members from a variety of professional back grounds relevant to the work of the Charity. Mr D Lonsdale acts as Secretary; Mrs Joyce Hunt acts as treasurer; Mrs Hayley Whitebrook. Ruth Wareing and Mr Frederick Middleton fulfill the role of trustees.
A scheme of delegation is in place and day-to-day responsibility for the provision of the services rests with the Project Manager. The Project Manager is responsible for ensuring that the Charity delivers the services specified and that key performance indicators are met. Along with The Facilities Manager and the Organisational Liaison Manager, the Project Manager has responsibility for the day-to-day operational management of the Centre; individual supervision of the staff team; and for also ensuring that the team continues to develop its working practices in line with good practice.
The organisation has employed a trainee operations manager to support the work of the management team.
## **Induction and training of new trustees**
Most trustees are already familiar with the practical work of the Charity, having volunteered with us in the past.
Additionally, new trustees are invited and encouraged to attend a series of short training sessions (of no more than an hour) to familiarise themselves with the Charity and the content within which it operates. These are jointly led by the Chair of the Management Committee and the Project Manager of the Charity and cover:
- The obligations of Management Committee members.
- The main documents which set out the operational framework for the Charity, including the Memorandum and Articles.
- Resourcing and the current financial position as set out in the latest published accounts.
- Future plans and objectives.
A Question and Answer pack has also been prepared drawing information from the various Charity Commission publications, signposted through the Commission's guide 'The Essential Trustee' as a follow up to these sessions. This is distributed to all new trustees, along with the Memorandum and Articles and the latest financial statements. Feedback from new trustees about their induction has been very positive.
## **Related parties**
In so far as it is complementary to the Charity's objects, the Charity is guided by both local and national policies. These include Imagine Sefton 2030, Sefton Market Position on Social Care and The Care Acts (2014 and 2018).
## **Risk management**
The Management Committee has conducted a review of the major risks to which the Charity is exposed. A risk register has been established and is updated annually. Where appropriate, systems or procedures have been established to mitigate the risks the Charity faces. These procedures are periodically reviewed to ensure that they continue to meet the needs of the Charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
11385593 (England and Wales)
## **Registered Charity number**
1181010
Page 5
The Learning Rooms Southport (Registered number: 11385593)
Report of the Trustees for the Year Ended 31 May 2025
## **Registered office**
224a Liverpool Road Southport Merseyside PR8 4PD
## **Trustees**
Ms J Hunt D M Lonsdale Mrs R L Wareing F Middleton Ms H Whitebrook
## **Independent Examiner**
V & R Accountancy Services Limited Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
## **Solicitors**
Andrea S Bleackley & Company 26 Bridge Street Southport Merseyside PR8 1BW
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of The Learning Rooms Southport for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6
The Learning Rooms Southport (Registered number: 11385593)
## Report of the Trustees
for the Year Ended 31 May 2025
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the management committee should follow best practice and:
- x select suitable accounting policies and then apply them consistently;
- x make judgements and estimates that are reasonable and prudent; and
x prepare the financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis.
The Management Committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. The Management Committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Members of the Management Committee
Members of the Management Committee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page X.
In accordance with company law, as the company's directors, we certify that:
- x so far as we are aware, there is no relevant audit information of which the company's auditors are unaware; and
x as the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 26 February 2026 and signed on its behalf by:
Mrs R L Wareing - Trustee
Page 7
## Independent Examiner's Report to the Trustees of The Learning Rooms Southport
## **Independent examiner's report to the trustees of The Learning Rooms Southport ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2025.
## **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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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.
G J Rummens FCCA
V & R Accountancy Services Limited Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
26 February 2026
Page 8
The Learning Rooms Southport
## Statement of Financial Activities for the Year Ended 31 May 2025
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
18,398
**Charitable activities**
5
Adult disability provision
657,988
Other trading activities
3
103,958
Investment income
4
589
**Total**
780,933
**EXPENDITURE ON**
Raising funds
6
36,708
**Charitable activities**
7
Adult disability provision
498,525
Other
174,092
**Total**
709,325
**NET INCOME**
71,608
**RECONCILIATION OF FUNDS**
Total funds brought forward
48,387
**TOTAL FUNDS CARRIED FORWARD**
119,995|Restricted
funds
£
-
4,000
-
-
4,000
-
-
-
-
4,000
-
4,000|31.5.25
Total
funds
£
18,398
661,988
103,958
589
784,933
36,708
498,525
174,092
709,325
75,608
48,387
123,995|31.5.24
Total
funds
£
295
461,020
93,014
-|
|---|---|---|---|
||||554,329|
||||32,732
393,638
126,334|
||||552,704|
||||1,625
46,762|
||||48,387|
The notes form part of these financial statements
Page 9
The Learning Rooms Southport (Registered number: 11385593)
## Balance Sheet
## 31 May 2025
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
13
37,378
**CURRENT ASSETS**
Stocks
14
18,000
Debtors
15
49,076
Cash at bank and in hand
30,343
97,419
**CREDITORS**
Amounts falling due within one year
16
(14,802)
**NET CURRENT ASSETS**
82,617
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
119,995
**NET ASSETS**
119,995
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
4,000
4,000
-
4,000
4,000
4,000|31.5.25
Total
funds
£
37,378
18,000
49,076
34,343
101,419
(14,802)
86,617
123,995
123,995
119,995
4,000
123,995|31.5.24
Total
funds
£
4,813
18,000
41,610
13,966
73,576
(30,002)
43,574
48,387
48,387
48,387
-
48,387|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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
continued...
Page 10
The Learning Rooms Southport (Registered number: 11385593)
## Balance Sheet - continued
## 31 May 2025
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 26 February 2026 and were signed on its behalf by:
R L Wareing - Trustee
The notes form part of these financial statements
Page 11
The Learning Rooms Southport
Cash Flow Statement for the Year Ended 31 May 2025
|||31.5.25|31.5.24|
|---|---|---|---|
||Notes|£|£|
|**Cash flows from operating activities**||||
|Cash generated from operations|1|64,667|9,132|
|Interest paid||(372)|(650)|
|Net cash provided by operating activities||64,295|8,482|
|**Cash flows from investing activities**||||
|Purchase of tangible fixed assets||(43,918)|(488)|
|Net cash used in investing activities||(43,918)|(488)|
|||||
|**Change in cash and cash equivalents in**||||
|**the reporting period**||20,377|7,994|
|**Cash and cash equivalents at the**||||
|**beginning of the reporting period**||13,966|5,972|
|**Cash and cash equivalents at the end of**||||
|**the reporting period**||34,343|13,966|
The notes form part of these financial statements
Page 12
The Learning Rooms Southport
## Notes to the Cash Flow Statement for the Year Ended 31 May 2025
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**Adjustments for:**
Depreciation charges
Interest paid
Increase in stocks
Increase in debtors
(Decrease)/increase in creditors
**Net cash provided by operations**|31.5.25
£
75,608
11,352
372
-
(7,466)
(15,199)
64,667|31.5.24
£
1,625
1,604
650
(2,000)
(746)
7,999|
|---|---|---|
|||9,132|
## **2.**
## **ANALYSIS OF CHANGES IN NET FUNDS**
|At 1.6.24
Cash flow
At
£
£
**Net cash**
Cash at bank and in hand
13,966
20,377
13,966
20,377
**Total**
13,966
20,377|31.5.25
£
34,343|
|---|---|
||34,343|
||34,343|
The notes form part of these financial statements
Page 13
The Learning Rooms Southport
Notes to the Financial Statements for the Year Ended 31 May 2025
## **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.
Improvements to property - 10% on cost Fixtures and fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 25% on reducing balance
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **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.
continued...
Page 14
The Learning Rooms Southport
## Notes to the Financial Statements - continued for the Year Ended 31 May 2025
|**2.**
**DONATIONS AND LEGACIES**
Donations
**3.**
**OTHER TRADING ACTIVITIES**
Shop and garden centre income
**4.**
**INVESTMENT INCOME**
Rents received
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Fee income
Adult disability provision
Grants
Adult disability provision
Grants received, included in the above, are as follows:
Eleanor Rathbone Charitable Trust
Barchester Healthcare
**6.**
**RAISING FUNDS**
**Other trading activities**
Opening stock
Closing stock
Cafe supplies
Garden supplies|31.5.25
£
18,398
31.5.25
£
103,958
31.5.25
£
589
31.5.25
£
657,988
4,000
661,988
31.5.25
£
3,000
1,000
4,000
31.5.25
£
18,000
(18,000)
30,323
6,385
36,708|31.5.24
£
295
31.5.24
£
93,014
31.5.24
£
-
31.5.24
£
461,020
-
461,020
31.5.24
£
-
-
-
31.5.24
£
16,000
(18,000)
33,297
1,435
32,732|
|---|---|---|
Page 15
continued...
The Learning Rooms Southport
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
## **7. CHARITABLE ACTIVITIES COSTS**
|Adult disability provision
**8.**
**SUPPORT COSTS**
Management
£
Adult disability provision
1,051
**9.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|Support
Direct
costs (see
Costs
note 8)
£
£
488,754
9,771
Governance
Finance
costs
£
£
654
8,066
31.5.25
£
11,353|Totals
£
498,525|
|---|---|---|
|||Totals
£
9,771
31.5.24
£
1,604|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
The Trustees are responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries, no trustees have been paid in relation to trustee services.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
## **11. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Total
No employees received emoluments in excess of £60,000.||31.5.25
£
272,123
9,655
3,659
285,437
31.5.25
15||31.5.24
£
280,489
15,319
4,518|
|---|---|---|---|---|
|||||300,326|
|||||31.5.24
17|
Page 16
continued...
The Learning Rooms Southport
## Notes to the Financial Statements - continued for the Year Ended 31 May 2025
## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Adult disability provision
Other trading activities
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Adult disability provision
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**TANGIBLE FIXED ASSETS**
Improvements
to
property
£
**COST**
At 1 June 2024
-
Additions
5,540
At 31 May 2025
5,540
**DEPRECIATION**
At 1 June 2024
-
Charge for year
554
At 31 May 2025
554
**NET BOOK VALUE**
At 31 May 2025
4,986
At 31 May 2024
-|Fixtures
and
fittings
£
-
2,590
2,590
-
648
648
1,942
-|Unrestricted
fund
£
295
461,020
93,014
554,329
32,732
393,638
126,334
552,704
1,625
46,762
48,387
Motor
Computer
vehicles
equipment
Totals
£
£
£
9,696
4,175
13,871
34,990
798
43,918
44,686
4,973
57,789
6,485
2,573
9,058
9,550
601
11,353
16,035
3,174
20,411
28,651
1,799
37,378
3,211
1,602
4,813|Unrestricted
fund
£
295
461,020
93,014
554,329
32,732
393,638
126,334
552,704
1,625
46,762
48,387
Motor
Computer
vehicles
equipment
Totals
£
£
£
9,696
4,175
13,871
34,990
798
43,918
44,686
4,973
57,789
6,485
2,573
9,058
9,550
601
11,353
16,035
3,174
20,411
28,651
1,799
37,378
3,211
1,602
4,813|
|---|---|---|---|
||||554,329|
||||32,732
393,638
126,334|
||||552,704|
||||1,625
46,762|
||||48,387|
||||Totals
£
13,871
43,918
57,789
9,058
11,353
20,411
37,378
4,813|
## **13. TANGIBLE FIXED ASSETS**
continued...
Page 17
The Learning Rooms Southport
## Notes to the Financial Statements - continued for the Year Ended 31 May 2025
|**14.**|**STOCKS**|||||
|---|---|---|---|---|---|
|||||31.5.25|31.5.24|
|||||£|£|
||Stocks|||18,000|18,000|
|**15.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||31.5.25|31.5.24|
|||||£|£|
||Trade debtors|||11,217|31,811|
||Other debtors|||34,676|9,799|
||Prepayments and accrued income|||3,183|-|
|||||49,076|41,610|
|**16.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||31.5.25|31.5.24|
|||||£|£|
||Trade creditors|||741|3,410|
||Social security and other taxes|||13,131|16,190|
||Other creditors|||930|10,068|
||Accruals and deferred income|||-|334|
|||||14,802|30,002|
|**17.**|**MOVEMENT IN FUNDS**|||||
|||||Net||
|||||movement|At|
|||At|1.6.24|in funds|31.5.25|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund|48,387||71,608|119,995|
||**Restricted funds**|||||
||Eleanor Rathbone Charitable Trust||-|3,000|3,000|
||Barchester Health||-|1,000|1,000|
||||-|4,000|4,000|
||**TOTAL FUNDS**|48,387||75,608|123,995|
continued...
Page 18
The Learning Rooms Southport
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
## **17. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
780,933
**Restricted funds**
Eleanor Rathbone Charitable Trust
3,000
Barchester Health
1,000
4,000
**TOTAL FUNDS**
784,933
**Comparatives for movement in funds**
At 1.6.23
£
**Unrestricted funds**
General fund
46,762
**TOTAL FUNDS**
46,762
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
554,329
**TOTAL FUNDS**
554,329|Resources
Movement
expended
in funds
£
£
(709,325)
71,608
-
3,000
-
1,000
-
4,000
(709,325)
75,608
Net
movement
At
in funds
31.5.24
£
£
1,625
48,387
1,625
48,387
Resources
Movement
expended
in funds
£
£
(552,704)
1,625
(552,704)
1,625|
|---|---|
continued...
Page 19
The Learning Rooms Southport
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
## **17. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.6.23|in funds|31.5.25|
||£|£|£|
|**Unrestricted funds**||||
|General fund|46,762|73,233|119,995|
|**Restricted funds**||||
|Eleanor Rathbone Charitable Trust|-|3,000|3,000|
|Barchester Health|-|1,000|1,000|
||-|4,000|4,000|
|**TOTAL FUNDS**|46,762|77,233|123,995|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,335,262|(1,262,029)|73,233|
|**Restricted funds**||||
|Eleanor Rathbone Charitable Trust|3,000|-|3,000|
|Barchester Health|1,000|-|1,000|
||4,000|-|4,000|
|**TOTAL FUNDS**|1,339,262|(1,262,029)|77,233|
## **18. RELATED PARTY DISCLOSURES**
The Charity is related to The Learning Rooms CIC and to Willow House Care Limited through the trustee Mrs R L Wareing being a director and key management of both organisations.
During the year ended 31 May 2025, the Charity provided finance of £10,337 to The Learning Rooms CIC. As at that date, £16,262 (2024 - £5,925) was due from the CIC. These balances have been disclosed within 'Other Debtors' in the notes to the financial statements.
Page 20