MERSEYSIDE LAW CENTRE LIMITED ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Company Number: 09882302 Charity Number: 1199464
MERSEYSIDE LAW CENTRE LIMITED CONTENTS Page Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Cash Flows ststement of Financial Activities Balance Sheet 10 Notes to the Financial Statements
MERSEYSIDE LAW CENTRE LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 SY The trustees are pleased to present their report for the year ended 31st March 2024. The financial statements have been prepared in accordance with the charity's trust deed. the Charities Act 2011 and Accounting and Reporting by Charities- Statement of Recommended Practice appliGable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published {FRS 102) (effective 1st January 2019). OBJECTIVES AND ACTIVITIES The purposes of the charitable company are.. the relief of poverty, suffering and dislress among persons resident studying or working in Merseyside and the surrounding areas by a} providing them with legal services which they could not otherwise obtain because of the lad( of means b) educaling them on their legal rights and responsibilities and on the operation of the law and legal systams. Public Benefit Statement The twstees confimi that they have referred to the Charity Commissions guidan on public benefit when reviewing the charities aims and objectives, in planning future activities, and setting the policies for the year. The main activities undertaken for the public benefit are the provision of free, independent legal advice, assistance and representation with housing, homelessness, immigration and asylum and welfare benefits. ACHIEVEMENTS AND PERFORMANCE Following th8 move of the Merseyside Law Centre IMLC) head office from Bold Street lo the Kuumba Imani Millennium Centre and a strategic planning session held in March 2023, we started the 2023-24 financial year with plans to consolidate the organisation. As part of the strategic planning process, staff, volunteers and Trusl&es expressed their excitement at recent moves and changes for the organisation, were proud to be able to continue to deliver for residents across the region and identified MLC strengths that included: The experience, skills and commitment of the team. The connection to networks locally and nationally. The new immigration and asylum service, particularly relevant due tothe move to Kuumba Imani. The flexibility and adaptability of the organisation. The reputation of the organisation - especially with clients. Once again, this year's annual report shows the important service that Merseyside Law Centre delivers for the residents of Merseyside. We have delivered advice to resident of Liverpool, Knowsley, Sefton, Wirral and Halton during the last year. The advice and support provided by MLC has life changing results, enabling people to stay in their homes, helping them to cope a little better with the cost-of-living. and reducing anxiety for those who are faces with multiple and complex issues. During 2023-24 the team have achieved financial gains for dients of £664,032.
MERSEYSIDE LAW CENTRE LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 ST Welfare Benefits: During the period, our Welfare Benefits team was reduced due lo funding and staffing changes. Despite this, Ihe team worked on 55 cases for clients. Recruitment during February 2023 saw a new Welfare Team Lead appointed in March 2023. This new appoinlment paved the way for a redevelopment of welfare cases, especially for developing legal aid {although since LASPO in 2013 large areas of welfare are out of scope for legal aid support) and Exceptional Case Fund cases, in order to develop our offer lo local residents. This work is set to develop further during 2024-25. Housing: During the period, our Housing Team worked on 519 cases for clients. Demand for support was exceptionally high during the year, with 1,065 enquiries. The recruitment of a Housing Team Leader in February 2023 and an experienced caseworker proved to be timely in order to deal with the increased level of demand. Immlgratlon: During the period, our new Immigration advice service started to develop further. With both an immigration solicitor and immigration Gaseworkerltrainee solicitor in post at the start of the financial year we were confident of developing a much-needed service for residents. Changes to staffing later in the financial year affected our service dalivary, but despite this the staff worked on 141 cases during the year. Partnershlp working and connections We continued to work in partnership with the Liverpool Access to Advice Nehmork (LATANI. joining its Committee early 2023. Linking with LATAN Committee members such as Raise, Citizens Advice Liverpool, and Shelter, this network membership provides a means to build ever greater links with other advice organisations, to join together to advocate for increased funding and support for the advice sector with the local authority. govemment, and other policy makers. As members of Liverpool Law Society, we continued to support the work of the society, especially through membership of the Access lo Justice Sub-committee, the Joint Forum for Access to Justi, and through evenls such as the Liverpool Legal Walk. Our parlnerships with the University of Liverpool and Liverpool John Moores University continue to be developed, including hostin9 Student plaMentS from both universities in this financial yeaf. FINANCIAL REVIEW Total income for the year was £578,929 {2023: £471,878} of which £315,50212023: £206,347) related to funding for projects upon which restrictions are placed. Total expenditure for the year was £402,983 (2023.. £291,434) leaving a surplus for the year of £175,946 {2023: £180.444). At 31st March 2024 the charilable company's reserves stood at £356,390 (2023.. £180,444) of which £120,57712023'. 34,827) represented restricted funds. RISK ASSESSMENT The Iruslees have conducted a review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks.
MERSEYSIDE LAW CENTRE LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The Cosl-of-Living Grisis will be our greatest challenge yel. It is a multi-faceted issue and financially appears to be a 'perfect storm. in Ihat staff Gosts and utilities are increasing, Ihe number of clients facing hardship is increasing and the charitable funders we rely on are receiving far greater demand for their limited funds. In addition, Government policy to cut funding to local authorities continues to have an extreme impact on Ihe independent advice sector. Our risk management has focused on the threat lo our income streams and our planning for the future has been shaped around strategic development that protects our core services and positions us to be able to respond to emerging opportunities, including partnerships and collaborations, increase sustainability and meet increasing need. RESERVES POLICY It is the policy of the charity to maintain unrestricted funds, which are free reserves at a level to cover redundancy provision and six months of running costs should no further funding be received. At the end of the financial year, unrestricted funds totalled £235,813 of which £4,296 is represented by tangible assets, less designated funds £117,687. leaving surplus free unrestricted reserves of £113.830. The charitable company requires £19,694 for redundancy provision £86,616 for six months running, costs, {total £106,310). The trustees plan for the balance of the unrestricted reseNes is for salary of an unfilled welfare rights team leader post, additional salary costs which will be incurred following an organisational wide pay review and increasedladditional office costs to help us meet increased demand. PLANS FOR FUTURE For 2024-25 we plan to continue increasing our sustainability. Our aim is not only to maintain a sound fi'nancial footing, but to work to meet the increasing challenges of the legal advicelrepresentation needs of our community. During the strategic planning session in March 2023, we identified that 2024-25 has the potential to provide new opportunities, the possibility of a new government and a more settledlconsolidated MLC paves the way for our organisation to be robust, flexible, and to service those who are in desperate need for social welfare law advice. STRUCTURE, GOVERNANCE AND MANAGEMENT The organisation is a charitable company limited by guarantee, incorporated on 201h November 2015 (company number 09882302) and registered as a charity (charity number 1199464) on 28th June 2022. The Governing Instruments under which the charitable company operates comprise the Memorandum and Articles of Association dated 20th November 2015 and amended by special resolution 23rd September 2021. Appointment of trustees As set out in the Articles of Association, trustees of the charitable company, may by ordinary resolution appoint a person who is willing to act as a director and determine the rotation in which any additional directors are to retire. Trustee Induction and training Trustees undertake an induction when they join the board, discuss their prospective role and responsibilities with the Chair, the Director, and other key Irustees. Any training is bespoken to this role.
MERSEYSIDE LAW CENTRE LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 ST Organlsation The board of trustees administers the charity. The board normally meets every two months. The Director is appointed by the trustees to manage the day-to-day operations of the charitable company. REFERENCE AND ADMINISTRATIVE DETAILS Merseyside Law Centre Limited 09882302 Name Company Number Charity Number Registered Office 1199464 Kuumba Imani Millenium Centre 4 Princes Road Liverpool, England L8 1TH TriJst88S S Cotter-Burgess G A Moglione P Simm M Weights B Wentworth M Wilson (Resigned 91h March 2024) Secretary Jcoe E Reed (Resigned 19th November 2024) (Appointed 191h November 2024) Independent Examiner Ying Huang ACCA LCVS 151 Dale Street Liverpool L2 2AH Bankers Lloyds Bank PLC South Shields King St Po Box 1000 BX1 1LT Signed o beh f the Board of Trustees M Weights- Trustee Date:
MERSEYSIDE LAW CENTRE LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES Company law requires the trustees to prepare financial statements for each financial year which give a tnje and fair view of the state of affairs of the charitable company as at the balance sheet dale and of its incoming resources and application of resources, including income and expenditure, for the financial period. In preparing those financial statements, the trustees should follow best practice and: select suitable accounting policies and then apply them consistently., observe the methods and principle in the Charities 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 company will continue as a going conGern- state whether applicable accounting standards have been followed, subject to any material departure disGlosed and explained in the financial ststements. The Trustees are responsible for maintaining proper a¢¢ounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure Ihat the financial statemenls comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charitable company and hence for taking rèasonable steps for the prevention and delection of fraud and other irregularities. The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordancè with the Financial Reporting Standard applicable in the UK and Republic of Ireland published (FRS 102) (effective 1st January 2019). By Order of the B rd M Weights- Trustee Kuumba Imani Millenium Centre 4 Princes Road Liverpool, England L8 1TH Date:
Docusign Envelope ID.. F681FB80-3F5344BF-BDW3A2AOe7A6080 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MERSEYSIDE LAW CENTRE LIMITED I report on the accounts of the charitable Gompany for year ended 31, March 2024, which are set out on pages 8 to 22. The Iruslees (who are also the directors of the company for the purposes of company lawl are responsible for Ihe preparaliun Dfthe accounts. The trustees consider that an audit is not required for this period under section 14412) of the Charities Act 2011 {Ihe 2011 A¢tl and that an indepelldenl examination is needed. It is my responsibility to.. examlne the accounts under sgction 145 of Ihe 2011 Act, lo follow the procedures laid down in the general Directions given by the Charlty Commission (under s8clion 14515)Ibl of the 2011 Act, and to slate whether particular matters have come to my attention, My examination was Garried out in accordance with general directions given by the Charlty Commission. An examination includes a review of the accounting Tecords kept by the charity and a oomparison of the accounls presented with those records. 11 also includeg consideration of any unusual Items or disclosures in the accounts, and seeklng explanalions from the trustees concerning any suGh matters. The procedures undertaken do not provide all Ihe evidence that wotAld be requlred in an audit, and consequently no opinion 18 given as to whether the accounts present a 'lrue and falr. vlew and the report is limited to those matters set out in the statement below. Res octive res onsibllilies of trustees and examiner Basis of inde endenl examiners stalement In connection with my examinauon, no matter has come to my atlenlion.. 11) which gives me reasonable cause lo believe that In, any material respect, the requirements.. to keep accounlSng records in accordance with section 386 of the Companles Act 2006., and to pr8par8 accounls which accord with Ihe accounting records and comply with the accounting requirement5 of section 396 of Ihe Companies Act 2006 and with the methods and principle5 oflhe Slalement ofReGommended Practice.. Accounting 2nd Reporting Charities have not been mel., or 121 lo which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Inde endent examine slatement Slpn¥dby-. Name: Mr$ Ylng Huang Rel8vanl professlonal qualification or boay., Address.. clo LCVS 151, Dale Street, Liverpool, L2 2AH Daled.. 12/20/2024 AeVA""
MERSEYSIDE LAW CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING INCOME & EXPENDITURE ACCOUNTI ST FOR THE YEAR ENDED 31 MARCH 2024 Notes Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Income and endowments from: Donations and legacies Charitable activities Investments Other income 3a 3b 3¢ 3d 22,470 240,188 640 129 22.470 127,505 555,690 344,268 640 105 129 315,502 Total Income 263,427 315,502 578,929 471,878 Expenditure on: Charitable activilies 173,231 229,752 402,983 291,434 Total expenditure 173,231 229,752 402,983 291,434 Net income, net movement In funds 90,196 85,750 175,946 180,444 Total funds brought forward 10,11 145,617 34,827 180,444 Total funds carried forward 9-11 235,813 120,577 356,390 180,444 The notes on pages 11 to 22 form part of these accounts. All the above amounts relate to continuing activities of the charitable company.
MERSEYSIDE LAW CENTRE LIMITED BALANCE SHEET AS AT 31ST MARCH 2024 Company Number 09882302 Notes 31st March 2024 31" March 2023 Fixed assets Tangible fixed assets 4,296 5,391 Current assets Debtors Cash at bank and in hand 101,548 327,441 47,902 202,733 428,989 250,635 Current liabilities Creditors-. amounts falling due within one year (23,473) (20,960) Net Current assets 405,516 229,675 Net assets 409.812 235,066 Creditors.. amounts falling due after more than one year (53,422) (54,622) Total assets less current liabilities 356,390 180,444 Funds: Unrestricted funds Restricted funds 9,10 9,11 235,813 120,577 145,617 34,827 356,390 180,444 These financial statements have been prepared in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS102>. These accounts have been prepared in accordance with the provisions applicable to small companies subject to tha small companies, regime and in accordance with FRS102 SORP. For the period covered by these accounts the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company lo obtain an audit of its accounts for the period in question in accordance with section 476 of the Companies Act 2006. The trustees, who are the directors of the Company, acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. Approved the Board on and signed on their behalf by: Date . M Weights- Trustee
MERSEYSIDE LAW CENTRE LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 ST Notes 31st March 2024 318t March 2023 Cash flows from operating activitles Cash generated from operations 16 124,708 208,632 Investing activities Purchase of tangible fixed assets (5,899) Net ¢ash (used in) investing activities {5.899) Net cash generated from financing activities Net increase In cash and cash equivalents 124,708 202,733 Cash and cash equivalents at beginning of year 202,733 Cash and cash equlvalents at end of year 327,441 202,733 Represented by: 31" March 2024 3181 March 2023 Cash at bank and in hand 327,441 202,733 10-
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$T MARCH 2024 1. Llmlted Liability The charity is a company limited by guarantee without share capital. Each member's liability is limited to £10. 2. Accounting Policies Basis of accounting The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 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 published {FRS 1021 (effective 1st January 2019). The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unles5 Otherwise stated in the relevant note(s) to these accounts. The accounts are prepared in sterling, which is the functional currency ofthe charily. Monetary amounts in these financial statemenls are rounded to the nearest £. 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. Going concern At the time of approving Ihe accounts, the trustees have a reasonable expectation that the charitable company has adequate reserves to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are tha charity's free reserves available for the trustaes to apply in accordan with the charitable company's charitable objectives. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds ar8 accounted for as restricted income and expenditure for the purposes is charged to the fund. Incomo recognition All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations and legacies comprise of donations and general grants which are recognised in the accounts when received, with the exceplion of known legacies which are accounted for when their reIpt is certain. Income from charitable activities is recognised on an accrual's basis exGepl for grants receivable, which are re¢ognised. Income from investment relates to bank interest reiVed and is recognised when the amount is certain. Income received on funds for a specific purpose is allocated to that fund were material. 11
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST Expenditure recognition Liabilities are recognised as soon as there is a legal or construclive obligation committing the charitable company to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expens6s, including support costs and governance costs. are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relates to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charitable Company. Support and governance costs relate to the management and operation of Ihe organisation and also compliance with Constitutional and statutory requirements in producing the annual report. These are dealtwith in the Statement of Financial Activities when payment has been approved by the charitable company. Fixed Assets Capital expenditure stated in the balan sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its expected useful life as below.. Comput&r Equipment Fixtures and Fittings Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments wilh original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheetwhen the charily becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc flnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised st using the effective interest method unless the arrangement constitutes a financing Iransadion, wher& the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 20°/o reducing balance basis 20 % reducing balance basis 12-
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Bas1¢ flnanclal Ilabllltles Basic financial liabilities. including creditors and bank loans are initially reGognised at transaction price unless the arrangemenl constitutes a financing transaction, where the debt instrument is measured at the present value ofthe future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or ¢an¢elled. Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The charitable company benefits from various exemptions from taxation afforded by tax legislation and are not liable to corporation tax on inwme or gains falling within those exemptions. Critical accountlng estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experienGe and other factors that are considered to be relevant. Actual results may differ from Ihesa estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are reGognised 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 currenl and future periods. 3. Income and endowments from: Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 a. Donations and legacies Donations General grants Donation from Merseyside Law Centre "the compan, 470 22,000 470 22,000 1,184 20,000 106,321 22,470 22,470 127,505 Donations and legacies income for 2023 related wholly to unrestricted fund. 13
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST Unrestricted Restrlcted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 b. Charitable activities Access to Justice Foundation Albert Hunt Trust Big Help Project Clothworkers Foundation Contract Desk rental income John Moores Foundation Law Centre NeOrk LCVS Community Impact Fund Legal Education Foundation 149,419 149,419 7,000 7,000 33,880 10,000 6,000 102,327 4,980 203,207 203,207 8.000 8,000 15,000 3,240 3,240 (SM) 10,083 Legal Education Foundation (JFF) Legal Service income Liverpool City Council Community Recourse Grant Mayoral Neighbourhood Fund National Lottery Awards for 20,164 24,364 35.731 35,731 25,000 25,000 12,500 10,000 9,770 National Lottery Community Fund Our Liverpool Room hire Sam and Bella Sebba Charitable Foundation Steve Morgan Foundation 55,524 55,524 12,500 6,250 40,000 26,450 1.250 1,250 40,000 27,319 40,000 27,319 240,188 315,502 555,690 344,268 Income from charitable activities in 2023 comprised £137,921 for unrestricted funds and £206,347 related to restricted funds. Investments Bank interest 640 640 105 Investments income for 2023 related wholly to unrestricted fund. d. Other income HMRC interest income 129 129 Other income for 2023 related wholly to unrestricted fund. 14
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 4. Expenditure on charitable actlvltles Direct Support & Charitable Governance Expenditure Costs Total Total 2024 2023 To provide legal services 238,276 164,707 402,983 291,434 a. Analysed as follows- 2024 2023 Direct charitable expenditure.. Staff salaries costs Pension Interpreters, court fees Equipment Subscriptions Clients, paymenls Room hire Volunteer expenses Travel and subsislence costs 194,683 5,431 20,823 3,107 10,448 3,000 230 346 208 136,028 3,626 17,250 643 8,721 3,075 238,276 169,343 Support & Governance costs.. Staff salaries costs Pension Recruitment Computer support and software Consultancy and professional fees Donation Building running costs Insurance Office costs Sundry Training Archiving DBS fees Refreshments HMRC charges Bank charges Loss on disposal of fixed assets Accountancy fees Depreciation charge 115,480 2,865 347 8,212 2,667 90 18,522 2,106 2,557 1,680 5,725 101 392 369 817 87 17 1,595 1,078 80,028 2,145 8,073 2.592 16,533 980 5,527 1,226 2,869 80 1,530 508 164,707 122,091 Total expenditure on charitable activities 402.983 291,434 15
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 £229,752 (2023- £171.520) of the above expenditure relates to restricted funding. b. Staff Costs 2024 2023 Gross salaries and wages Social security costs Pension Costs 289,667 20,496 8,296 204,306 11,750 5,771 318.459 221,827 c. Particulars of employees: The average number of employees during the period was 10.00 (2023.. 9.92), and calculated on Ihe basis of full-time equivalenls, was as follows: 2024 11.0 2023 10.8 Charitable aclivities No employee received emoluments of more Ihan £60,000 during Ihe year {2023'. Nil). The Trustees, being also the Directors of the Company, are not remunerated for their services and are not included in the above number of employees. No out-of-pocket expenses were reimbursed to trustees in the year. 5. Tanglble fixed assets Computer Equipment Fixtures and Flttlngs Total Cost Balance at 1 st April 2023 Additions Disposal 3,361 2,538 5,899 (26) (26) Balance at 318t March 2024 3,335 2,538 5,873 Accumulated Depreciation Balance at 1st April 2023 Charge for the year Disposal 466 579 (9) 42 499 508 1,078 (9) Balanco at 31" March 2024 1,036 541 1,577 Net Book Value at 31st March 2024 2,299 1,997 4,296 st Net Book Value at 31 March 2023 2,895 2,496 5,391 16-
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 6. Debtors 2024 2023 Work in progress Prepayments Other Debtors 52,456 516 48,576 43,582 4,320 101,548 47,902 7. Creditors: amounts falling due within one year 2024 2023 Creditors and Accruals Other Creditors VAT Taxation and social security Pension 2,344 1,200 1,532 15,206 3,191 2,337 14,630 3,993 23,473 20,960 8. cdItOrs. amounts falling due more than one year 2024 2023 Other Creditors 53,422 54,622 Other creditors consist of Legal Aid overpayment being repaid £1.200 per year. 17-
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST 9. Analysls of net assets between funds Tanglble Flxed Assets Net Current Creditors Assets due more than one year Total 2024 Unrestricted Funds General Fund 4,296 167,252 (53,422) 118.126 Designated Justice Together Trainee Welfare Benefits Post Dovecot Justice Hub 37,687 40.000 40,000 37,687 40,000 40,000 4,296 284,939 153,422) 235.813 Restricted Funds Access to Justice Foundation John Moores Foundation LCVS Community Impact Fund National Lottery Awards for All Sam and Bella Sebba Charitable Foundation 91,201 667 1,382 7,327 20,000 91,201 667 1,382 7.327 20,000 120,577 120,577 Total Funds 4,296 405,516 (53,422) 356,390 Tangible Fixed Assets Net Current Creditors Assets due more than one year Total 2023 unstrICted Funds General Fund 5,391 194,848 (54,622) 145,617 Restrlcted Funds Law Centre NeOrk National Lottery Awards for All Sam and Bella Sebba Charitable Foundation 7.500 7,327 20,000 7,500 7.327 20,000 34,827 34,827 Total Funds 5,391 229,675 (54,622) 180,444 18
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 lo.un$trICted Funds Movements in the year Reserves at Income Expenditure Beginning of year 2024 Transfer Reserves between at end of funds year General Fund 109,410 218,443 {129,727J (80,000) 118,126 Designated Justice Together Trainee Welfare Benefits Post Dovecot Justice Hub 36,207 44,984 (43,504) 37,687 40,000 40,000 40.000 40,000 145,617 263,427 {173.231) 235,813 Movements in the year Income Expenditure 2023 Reserrfes at Beglnning of year Reserves at end of year General Fund 269,031 (123,414) 145,617 General Fund is used to finance the charitable company's general activities as outlined in the Trustees, Report. Designated Funds - Set aside for new trainee a new employee and new project due to start in year end 2025 19
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 11.Restricted Funds Movements in the year 2024 Reserves at Beginnlng of year Reserves at end of year Income Expenditure Access to Juslice Foundation Albert Hunt Trust John Moores Foundation Law Centre Network LCVS Community Impact Fund Liverpool City Council Community Recourse Grant National Lottery Awards for All National Lottery Community Fund Sam and Bella Sebba Charitable Foundation Steve Morgan Foundation 149,419 7,000 8,000 (58,218) (7,000) (7,333) (7,500> (1,858) (25,000) 91,201 667 7,500 3,240 25,000 1,382 7,327 7,327 55,524 40,000 27,319 (55,524) (40,000) (27,319) 20,000 20,000 34,827 315,502 (229,752) 120,577 Movements In the year 2023 Reserves at Beginning of year Reserves at end of year Income Expendlture Access to Justice Foundation Big Help Project Clothworkers Foundation Law Centre Network Legal Education Foundation (SM) Legal Education Foundation (JFF) Liverpool City Council Community Recourse Grant Mayoral Neighbourhood Fund National Lottery Awards for All Our Liverpool Sam and Bella Sebba Charitsble Foundation Steve Morgan Foundation 33,880 10,000 6,000 15,000 10,083 20,164 12,500 10,000 9,770 12,500 40,000 26,450 133,880) (10,000) (6,000) (7,500) (10,083) (20,164) (12.500) (10,000) (2,443) (12,500) (20,000) (26,450) 7,500 7,327 20,000 206,347 (171,520) 34,827 These are monies given to the charilable company to be spent at the discretion of the Board of Trustees for specific charitable purposes. Access to Justice Foundation - Contribution towards social welfare advice and specialist legal welfare advice -20-
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST Albert Hunt Trust - Contribution towards advice service Big Help Project- Contribution towards immigration advice Clothworkers Foundation - Contribution towards the upgrade of the office furniture. John Moores Foundation - Contribution towards essential computer support Law Centre Network - Contribution towards advice service LCVS Communlty Impact Fund - Contribution towards laptops for volunteers and new office space Legal Education Foundation (SM) - Contribution towards soliGltors' salary and oncosts Legal Education Foundation (JFF) - Contribution towards trainee solicitors, salary and oncosts Liverpool City Council Community Recourse Grant - Contribution towards advice service Mayoral Neighbourhood Fund - Contribution towards services in Dovecot National Lottery Awards for All - Contribution toward multilingual translation services. National Lottery Community Fund - Contribution toward cost of living project Our Liverpool - Contribution towards support for people seeking asylum, refugees and vulnerable migrants. Sam and Bella Sebba Charitable Foundation - Contribution towards immigration advice Steve Morgan Foundation - Contribution towards an assessment and triage worker in the Dovecot office. 12. Lease Commitments Merseyside Law Centre has a lease agreement with Kuumba Imani Millennium Centre Limited for three years for the period of 1st March 2023 to 28th February 2026. 2024 2023 Due 1 year Due 1 to 2 years 15,260 15,260 15,260 30,520 30,520 45,780 13.Contingenl Llabilities The Charitable Company did not have any contingent liabilities at 3181 March 2024 and 31$t March 2023. 14.Related Party Transactions There were no material related party transactions during the year which require disclosure. 15. Guarantees As at 3151 March 2024. 5 members had given a guarantee of £10 each in the event of the charitable company winding-up. total.. £50. {2023.' 6 Members £60) 21
MERSEYSIDE LAW CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 16. Cash generated from operations 2024 2023 Surplus for the year 175,946 180.444 Adjustments for: Depreciation Loss on disposal of tsngible fixed asset 1.078 17 508 Movements in working capital: (Increase}Idecrease in debtors Increasel(decrease) in creditors Increasel(decrease) in creditors due more than one year (53,646) 2,513 (47,902) 20,960 (1,200) 54,622 Cash generated from operatlons 124,708 208,632 -22-