Company Registration Number.. 14976445 Charity Numbor= 1203970 East Wav8rtr88 and Childwall Community Association IA cOm￿Y INnited by guarantee. not having a share capitall Annual Report and Unaudited Financial Statements for the financial period from 3 Juty 2023 (date of incorporation) to 31 December 2024 East Wavertree and Chlldwall Communlty Assoclatlon IA company Ilmlled by guaranto•, not havlng a shar• ca￿￿1) CONTENTS Page Reference and Administrative Infomation Trustees. Annu81 Report Statement of Trustees, Resp￿sibilitieS Independent Examinerfs Report Stslemenl of Financial Activities Summary Income and Expenditure Account 10 8alance She81 Statement of Cash Flows 12 Notes to the Financial Stalernents 13-18 East Wavertree and Chlldwall Communlty Assoclatlon IA company Ilmlled by guaranto0, not havlng a share capltsll REFERENCE AND ADMINISTRATIVE INFORMATION Trustee$ Gtundy IApp)intsd 3 July 20231 Shirfey Coltenden IAprK)inted 3 July 20231 SlephÈn Kerr IAprM)Inled 31 July 20241 Brian Yates IApwJinled 3 July 20231 Elizabeth Potter IAprK>inted 3 July 20231 Vivian Kerr (Appointed 3 July 20231 Gary Hudd8Ston IApp(Mnted 3 July 20231 Suzann8 Mclntosh IApFx)inted 3 Juty 2023, R8sign8d 31 Juty 20241 Charlty Number In England and Wlales 1203970 Company R•9lstratlon Number 14976445 Reglstered Offic• and Prlnclpal Address 129a Ounb8bin Road Liverp￿ Mersey5ide L16 7QQ Ind•p•nd•nt Examln•r Lang8rs MN Limlt•d charte￿ Cerbfied Acc4Juntants &10 Gallgy Road Cheadkg Cheshire SK81PY East Wavertree and Chlldwall Communlty Assoclatlon IA cr*mpany Ilmlted by guaraThto0, not havlng a share capltsll TRUSTEES. ANNUAL REPORT for the finan￿al p8riod from 3 Juty 2023 Idat8 of in(x>rp0rati(￿I to 31 D8cAmb8r 2024 The trustees p￿sent their Twslees. Annual RerM)rt. wnbining the D1￿Ctors. Report and Truslees, Report. ané the naudit8d lin8nci81 statements for Ihe financial p8ri0d from 3 July 2023 Idat& of incorwrationl lo 31 D8cember 2024. Th8 finana81 statements 8r8 prepared in wrth the Compani88 Act 2(M)6, FRS 102'Th8 Financi81 R8porhrrfJ Standard applicable in th8 UK and Republic of IreL4nd" and A(xx)untiry and Reporting by Charit18s'. Statement of R8commended Practice applicab￿ to charili8s prepariryj their financial stat8m8nts in accordance with th8 Fin8nci81 Reporting Standard 3pplKatAe in the UK and Republic ol Irela￿j IFRS 1021. The Trustees, Report Contai￿ the Inlorrnation required lo be provided in the Tru51ee5' Annual Report under the Slalemenl of Recommended Practice ISORPI guideh"nes. The tyuslees of Ihe chanty a￿ also charity trustees for the purrx)se of ¢harily law and under the charitys o)nsb"lut1￿ are known as m¢mbers of the tx)ard of trustess. In thi$ report the Irus18es of East Wavertree and Chillwall cr￿munity Associa￿On present a Summary of its purpose, governance, 8Ctvities, achNgvements and finances for Ihe financial pericxl 31 December 2024. The Charity is a regist8red charity and her￿e the rep)rt and resurts are presented in a fomi which ¢ompli8s with the r8quirem8nts of the Compani8s Act 2(Th and, alihough not obliged lo cornrAy with th8 Statem8nt of R8comm8nded Practice appli08b￿ in the UK and Reput4ic of Ireland FRS 102. Ihe L¥ganisalion has implemented it5 reccfflm8ndalions where relevanl in IhE5e financial stalernenls. Mls•lon, Obl•ctlv•$ and Strai•gy The objects of the charity a￿ for the publK ben8fi1 as folkAvs.' 1.2 ￿ promote the benefit of th8 residents ol East Wavertrae and Childwall and th8 neightM)uthood Ica118d Ih8 area of ben8fifi wt￿)￿1 dislin¢*on of gend8r, sexual orientation, race. pdiliG81, religious or other opinions by worf(Ing in partnership with the lor21 authonties, voluntary and olherorganisalions in order lo provKJe facilit￿5 in Ihe inlerests ol%)rial wemare for recr881ion and leisure. 1.3 to prornole community participation in heatthy recreation, including tennis. bovA$ and other activities deemed appropriate by the 8wcialiw. 1.4 thi¥ pro¥bJW may b? *r¢nded by spgry81 r•so￿tion bul onty with Ihg prior writl$n wnjent of th9 commission. Stru¢tur•, Gov•rnan¢• •nd Manwm•nt Stru¢tur• The Charity is a company limited by gvaranlee registered 3 July 2023. Charity registration was obtained 13 July 2023. G0￿Man¢• The Charity is govemed ty Mernorandum and ol AssociatN)n dated 3 Juty 2023. Manag8menl CornrnItt89 Mansgemenl Committee ManagerDent Committee con*sts ol tho Tmsteos and Y￿resenta￿ve$ of Iho tonTris, soual sactions. Revlew ol Aeti¥ltl•8, Achievements and Perfomian¢e The maln actlvibes of the Assooaiion remain Ihe proMsh)n of W￿8￿On fac+11￿$ for the Ioc81 communtty providlng tennis courts. a bowlin9 green an¢ a community hall lor use by our sectioThs and hi￿ by other groups. Both the tennis and trK)￿S sections ¢ontiThue lo do well and maintain Ih•r rrembership levels ￿e$￿te the Current economic ¢limale. The lennis section offerjuniorand senior ccMnpelitNe lennis in bolh ￿￿nter and summer leagues, and offer social tennis sessions for mixed ability, age and sex. We also pLgy host lo the Liv8rpool Veterans Iov8r So's) durin9 the summer months. There 15 lennis coaching oppowlunili8s for 81 wJ8S. tx)th group and indivKlual coaching is available and 5pon50red coaching lor la￿nted junior5. Our bo￿$ sethion offer erowm green lth￿ing and atthough do not rake part in kague matches there a￿ multiple opportunities throughout the year for frien¢Jly interactiM vrilh other bovls clubs. Our g￿en is open from April to September with pL8y every day. during wnier we offer in¢kw boweL% which is well attended and continues to keep our bowlers active al year rwnd. We offer taster sessions and ￿$$ to equipment in(Auding tx)wling aids for the disabled. The community hall is home to a thriving Balkt Sch￿￿ and a gro￿ng Tatde Tennis team wth additional groups for whist drives and Tai Chi. We are aL80 used as an ekntion poling stab'on and a meeting space for loGql community groups. We have made signffjoni investrnent in wrcommunty hall in the lasi 18 monlhs oplaung the roof and renovating the East Wavertree and Chlldwall Communlty Assoclatlon IA cr*mpany Ilmlted by guaraThto0, not havlng a share capltsll TRUSTEES. ANNUAL REPORT for the financial p8riod from 3 Juty 2023 (date of in(x)rporationl to 31 DeceM￿r 2024 5pruThJ floor. This should sland us in gwd stead now for the next 10-15 years. This is ourfirst reporting period following the change to transfer the tharityto being a lirniled company and think the ch3nges we have rnade to the legal structure ol the association and the subsidiary swal dub mean we can protect our assets and byhat we provlde for a further 70 yeats. Our board of trustees Continue to operate in Ihe interESts ￿ the charity, wthout temuneration. and are thanked for their efforts. Flnan¢lal R•vlew Th8 r8sulls for th8 financ#al pèriod aTr set oul on pw 9 and athlits.onl noles are provided shomring income and expenditure in greater delail. Flnancl81 Results At the end of the finanaal period th8 ch8nty has assels 01 £605.585 and li8￿.11￿.e5 of £4,607. The n8t a588ts of the charty are £600.978 R•sorvo8 Po8ltlon and Poll¢y The Assrtiabon resÈrve policy ino)rporates s6th.ng aside suffi¢4ent fvnds fulure obloath)ns. adhering to r￿Ulatory standards. and tonducling p*n￿le evaluations. ReseNes ar& hell In Sawng acwunls are kno¥vn as th8'Sinking Funds, for each of the secliorbs Aswiaiion. Bow&. Tennis aThJ &xial Club. These awunts are managed by the A$srKiation and are reviewed lo ensure that market Inte￿$t rates are obtained. The $e¢tions ¢8n use these funds for major purchases or ¢osls wl covered by membership fees, wilh the approv81 of the As$o¢ialion Committee. EK¢e8s section funds are transferred to the sinkn'ng funds each financial ￿ar to ensu￿ lh￿ are ¢￿stantty replenished. At the end of the 2024 financial year reserves stC￿d at £223.000. Princlpal Risks and Uncertalnties Financial R15ks." These imiofve cash Ibw Issues, credit risks. or fflathel fluctual￿n5 Ihat C8n itnpacl the A550cialion's financial health. Primary risks in this area indude energy costs and falls in membtstship. Thè associalion users a brokor to seek out the best energy deals ￿ the Ma￿et and has m•Je charwjes to redu￿ ils use of energy in ils buildings. The AsscKlatlon always Iries 10 maintain li membership numbers by adverts"$ing. keepiry il fees competsllve and ensuring Is lacllities affj of a high stsndarrj. Regulatory and Compliance Risks.. Changes in laws or falure to compty with regulats.ons can bad to pgnalties or operational disruptions. The change in status to ts¥o limiled companies and 8 charity has introduced new requiremenl for record k&eping and reporting lo Companies House, the InLgnd Rev8nu9 and thg Charibes Commission. The Assttiation will ensure Ihal il is always C￿npl•an1 in Ihese a rnatter through its r￿M￿MilIe8 and the use of third parties lo 8S5isI Nwlh prepardlion and submission. Reputational Risk5.' N8galive publicity or evenls that ha￿ Ihe ASsocia￿.0nS imag8 affect cuslom8r trust and relationships. Thè Associaiion hokjs wularevents 10 meti wth tho local eommunity and encourage them to come and share the facilities. Thè Associaiion has 8 safeguarQiNJ Offi￿r ￿ ensu￿ that everyone can use its facilities without risk ol harm or discrimination. Trust*os Tho Irusl80s who seNed IhroughLMrt tho finan(•al perw)d. oxcept as Th)led. as follows.. Alice Grundy IApwnled 3 Juty 20231 Shirley Cottenden (Appointed 3 July 20231 Stephen Kerr (Apwinted 31 Juty 20241 Brian Yate5 (Appointed 3 Juty 20231 Elizabeth Potter (Appointeij 3 Juty 20231 Vivian Kerr (App￿rnted 3 Juty 20231 Gary Huddleston IApwinted 3 Juty 2023} Suzanne Mclnlosh (Appointed 3 Juty 2023. Resigned 31 July 20241 In a¢¢Ordan￿ with the ConslitutK>n. Ihe trustees reti￿ by rolabon and. bw.ng eligible. offer themselves for r*le¢tion. Trustees serve terms of 3 years and may serve up ¢0 3 ¢￿SeCUt￿e tem)s. Compllance wlth Sector-wlde Leglslatlon and Standards The chanty engages pr￿aCt￿e￿ with legislats'on, stsndards and cod8s thich are dev8bp8d for th8 sector. East Wavertree and Childwall Cornmunity As%)aation subscribes to ar*J is Corn￿lant wth the fdlowing.. The Companies Act 2006 The Charities SORP IFRS 102 East Wavertree and Chlldwall Communlty Assoclatlon IA cr*mpany Ilmlted by guaraThto0, not havlng a share ca￿￿1) TRUSTEES. ANNUAL REPORT for the financial p8ri0d from 3 Juty 2023 (date of in(x)rporationl to 31 Decem￿r 2024 Approved by the Board of Twustees on 31 March 2025 and signed on its behalf by: Allce Grundy Trustee Stephen Kerr Trustee East Wavertree and Chlldwall Communlty Assoclatlon IA company Ilmlted by guarantee, not havlng a share capltsll STATEMENT OF TRUSTEES. RESPONSIBILITIES for the finanual p8riod from 3 Juty 2023 Idat8 of incorwratsonl lo 31 D&*mb8r 2024 The trustees. who are also éire¢tors of East Waverfree and Chl￿waI Community Assocaaiion for the purposes of company law, are responsible for preparing the financial statements in acttjrdance with applitsbk law and regulations. Company law requires Ih8 tnjstees 8S the directors to prep8r8 fina￿18181818rnents for eath fin8nci81 year. Und8r th8t law th8 trustee5 hav8 818cted to prepare the fina￿la1 statements in 8ccordance wth United KirvJdom Generally Aecept8d Accounting Practice (Uniied ￿.￿gdoM Accounting Standards and appli&qbl8 18wI including FRS102 "Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the trustee5 must not approve the financial statements unless they are satisfied that they give a tnR and fair view of the slate of affairs of the charty and of the net incoffle or expenditure of the charity for that periLYJ. In pr¥paring these finan¢ial slalements. th¢ bustees afy wuired to". sele¢l sullable a¢¢ountlng wlides and app￿ Ihem consislenlly-. make judgements and eslimales that are reasonabk and Prudent., state whether the financial ststements have been prepared in accordance with the relevant financi81 reporting framework, identify Ihose stsndards. and nole the effect and Ihe re350ns for any material departure from those standards,. and prepar8 the financial sta18meThts on th8 goirg conc*m basis unl8ss il is inappropriate to presume that Ihe charity will continue in cperalicffj. Th8 trus188s confirm Ih8t Ih8y have CL￿PIled With the above requiTrm8nts in weparing th8 financlal st8t8rnent5. The trustees a￿ reswsible for keeping adequate accounts.ng re￿r￿S that are sufficient to show and explain the charity's transactions and discbse vnlh ￿8$Onable accuracy at any ts.me the finan¢Jal wsitson ofthe charity ancj enab them lo ensure that Ihe financial slalements C4)mpty ￿1h the Companies Act 2006. Th&y are also responsible for safeguarding the assets ol the charty and hence for taking reasonab￿ steps for th? prevents.on and ¢election ol fraud and olh8r Irregularit18S. Approv•d by the Board of Tw$tee$ on 31 Morch 2025 and $lgned on lis behalf by: All¢0 Grundy Trustee St¢phon K¢vr Trustee East Wavertree and Childwall Community Association IA company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF EAST WAVERTREE AND CHILDWALL COMMUNITY ASSOCIATION I have examined Ihe finanoal stalemenls of Ihe Charity for the financial period Irom 3 July 2023 (dale of incorporation) to 31 December 2024. whicb comprise Ihe Statement of Financial A¢b"vib"es. Ihe Summary Income ancl Expenditure Ac¢ounl, the Balance Sheet, the Slatemenl of Cash Fkn￿ and the ￿lated notgs. Thi8 report is made scA81y lo th8charity's members. as a body. in acuydanr*wth Chapt8r3of Part 16 ofth8 Comp8nies Act 2006. My work has been undertaken w thal I nNght r￿Mp1k* the financial statements that I hav8 been engag8d to compile, re￿rt to the Board of Trustees that I have done so, and state Ihose matters that I have agreed to State lo the in thi5 report and lor no other purpose. To the fullest exlent perrnitted by law, I do not accept or 8S5urne responsibility to anyone other than Ihe charity and th8 charitys m8mb8rs. as a t¥>Jy. formy work. orfor thi5 r8POrt. Respective respon5ibilitios of trustee5 and examinèr The chantys Irustees Iwho are also the d1￿C￿rS of the wmpany forth6 ￿rp￿S of c£Jmpany lawl are responsi￿? for the pr$paraiion of Ihe financial slatements in a¢¢Ordan￿ wth Ihe requ1￿ments of the Companies A¢t 2006. The charity's trustees consider that an audit Is not r8quir8d for ¢his finan(aal p8ri¢yY under Chapter 3 of Part 18 of ih8 Compani8s Act 2006 and that an independent exarninalion 1$ required. tt is my responsibility ¢0.. exarning the financial $tatemgnts under section 145 of the Act.. follow the procedures laid do%w by the ger￿Tal Directions giv¢n by Ihg Charity Crynmission undgr ¥g¢tiw 145151 of the Chanlie5 Act 2011.. and slate whether paiticular matt8r5 have come to rny 8tt&ntM. Bas1• ol Ind•p•nd•nt •xamln•rf8 r•port My examination was carried oul in acccKda1￿ ￿th Ihe general Direcbons given by the Chartly Commission. An examinatlon includes a rewewof Ihe accounting records kept by the tharityand ao)mparison ofihe flnanclal statements presented with those records. It also indudes consKler8ts"on of 8ny unusual items or disclosures in the financi81 statements and seeking explanations Irom the trustees cA)n(tming any such matters. The procedures undertaken do not provide all the evidence Ihat would be required in an audit and ￿Sequen11Y no opinion is given as to whether the accounts present a'lrue and fairf view and the report is limiteij ¢0 Ihose matters set oul in the s18tsrnent bebw. Independent examlnerf8 Statement Since the Cornpany s gross income eXc￿j￿j £250.CMJO your exarnin8r must be a rnember of a body li518d in section 145 of Ihe 2011 Act. I confimi thai i am qualthed to undèrtake thè èxamination beeausè l a member of Thè Associauon ol Chartèmé Cèrtified Acecxjn￿nl$, which is one of Ihe lisied bodies. In connection with my examinatM, rKJ matter has come lo my attention whKh 9ives me cause to believe that in, any material respect.. accounting r8¢(wds %%*re nol kept in aCt0rda￿ with $8Cbon 386 01 th& Companios Act 2006 the finan¢ial statements do Th)¢ ac)yd ￿1h those a￿Unti￿ records the financial stalernenls do not ￿mplY wlh the accounliry requirements of Ihe Charities Act the financial st8ternenls have nol been prepared in accordance with the accounting requirernenis of section 396 of the Companies Acl 2006 and with the methods and principlesof the Statement of Recomrnended Practice applicabKg to charities preparing their acc*unlS in 8C0Jrd￿¢e with th8 Financial Reporting StAndard applicable in Ihe UK and Republic of Ireland IFRS1021 there is further infomiation ne*Jad lora pmperundwstandiThJ ol accounts to bè reac1￿￿. I have no con¢ems ané have come a¢ross nooihw mattets in cOn￿￿￿)n ￿th the e¥aminatKJn to whic* attention shouky be drawn In this report in order to enabk a proper UndersIa￿ling of the finanaal statements lo be reached. Steven Nixon Bsc (Honsl FCCA LANGERS MN LIMITED Chartered Certified Accountsnts and Registered Audilors &10 Galley Road Chpadle Cheshire SK8 1PY 1 April 2025 East Wavertree and Chlldwall Communlty Assoclatlon IA company Ilmlted by guarantee, not haylng a share capltsll STATEMENT OF FINANCIAL ACTIVITIES for th8 finanual p8riod from 3 July 2023 Idat8 of in(x>rporatsonl lo 31 D8cAmb8r 2024 Unrestricted Funds Dec 24 Total Funds Dec 24 In¢om• Donations and legaties CharilatrAe activities Recreab'on activities Other trading activities Inveslrnent5 Other income 44,797 44.797 24,083 3,040 22,301 601,019 24,083 3,040 22,301 601,019 4A Total In¢om• 695.240 695.240 Expendltur• Ch8rilaNe actiwties 94,262 94.262 N•t In¢omol1¢x￿ndI1￿r?l 600.978 600.978 Transfer5 b8lw8en fund5 Net movoment in funds for the financlal period 800,978 600,978 Totsl fvnd• at th• •nd of th• y•ar 600.978 600,978 The sIatsw￿nI of Financial A￿1vilieS Includes all gains and bsses recL)Jnised in the financ4al period. All income and expenditure relqle to wtinuir¥J aclivitvas. The r￿te8 c•) pages 13 10 18 fcrfm part of th?finantial $tat8m8n East Wavertree and Chlldwall Communlty Assoclatlon IA company Ilmlted by guarantee, not havlng a share capltsll SUMMARY INCOME AND EXPENDITURE ACCOUNT for th8 finanual p8riod from 3 Juty 2023 Idat8 of incorporatsonl to 31 D81%mb8r 2024 Ststement of Flnan¢fjo1 A¢tfjvrtles De¢ 24 Gross inwme Vnr8strK1￿ ftjnds 695.240 695.240 Total Incoffle Total expendlture 695.240 194,2621 Nèt In¢om•ll•xpendftur•l 600.978 The chanly has no recognis8d 9ains orh)sses olhef than Ihe swpkjs and cash Ik)ws for Ihe financial P8riCAY. The results for the financial ￿ri(my have been cal¢ulaled on the hislorica (x)s¢ basis. The r￿te8 c•) pages 13 10 18 fcrfm part of th?finantial $tat8m8n 10 East Wavertree and Chlldwall Communlty Assoclatlon IA cr*mpany Ilmlted by guaraThto•, not havlng a shar• capltsll Company Number.. 14976445 BALANCE SHEET as at 31 December 2024 De¢ 24 Notes Fixed Assets Tangible a55ets Inve51fflent5 363,263 10 363,264 Curren¢ A$gets Debtors Cash at bank and in hand 11 12 3.771 238,550 242,321 Credltors.. Amounts falllng due wlthln one yoar 13 14,6071 N•t Curr•nt AssetsllUablllt1•81 237,714 Total Ag9•ts hs• Curr•nt Uablllll 600.978 Fund8 General fund lunrestrictedl 600.978 Total fund# 61KI,978 Thase finanoal siat¢menls have beèn pf6par•d kn 8£ec*dart8 wth thè spedal provI￿On$ r*laUng to sm811 eompani8s wbthin Part 15 01 the Companios Aci 2(1)6. For the finan¢Jal period from 3 Juty 2023 Idate ol WKorwrationl to 31 Doc8mb8r 2024 the charity was 8nts'tl8d to exemption Irom audil under secl*)n 477 of Ihe Comwies 2006., nolKe has b88n deposiled under sectson 476. The tN3lees ¢onflrrn Ihat the M¢M￿r¥ have not required the ccKnpany ¢0 obtaln an audit of Its fln8n¢ial $18lem9nts for th8 ffnaneial ￿ritsd in ques11¢￿ in aethrdanee With ￿ti0Th 476 ofthè Companies Acl 20C6. Th8 tru51885 acknowledge Iheir r8sponsibili118s lor 8nsuring that th8 charity keeps aCLY)unting r8cord5 which cornply wrth section 386 and for preparing financial slalements which give a true and fair Viewofthe stale of affairs ofth8 ch8rity as al the end of the financial period and ol ils profil and k)ss for the financk41 penod in accordance with the requiretnent5 of 5eclion5 394 and 395 and which othe￿Se cotnpty viilh lequi￿r￿en1S of Ihe Companies Act 2￿8 relating to rinan¢i81 Slatements. so far as ap￿1¢a￿le lo charity. Appro¥•d by the B￿r￿ of Tru$t••g and •uthorls•d for Issue on 31 March 2025 and s￿n•￿ on 1¢$ behaw by Alice Grundy Tru51ee Stsphen Kerr Truste• The r￿te8 c•) pages 13 10 18 fcrfm part of th?finantial $tat8m8n 11 East Wavertree and Chlldwall Communlty Assoclatlon STATEMENT OF CASH FLOWS for the financial period from 3 Juty 2023 (date of In￿>[pOr8￿(￿I to 31 Decernber 2024 Dec 24 Notes Cash Ilows Irom Opera￿n$ a¢tl¥ltles Net movement in funds Adjustmenls for. Transfer from previous entity-non Cash items D¥preryalion Intarèsl receivab￿ and similgr inwne Dividends receivable 61x1,978 1376.6791 14,403 16.2751 116,0261 216.401 Movement5 in working capital.. Movement in debtors Movement in creditors 135 11,1681 Cash ￿nerated from operalicffis 215.368 Cash flo￿ from Inv•8tlno a¢tlvlll•8 Interest received Dividends received 6,182 17,000 Net ￿¥h lused Inyg¢r￿roted from in￿￿trn9￿t actiwlie 238,550 Cash and cash equlvalents at tho end of the year 12 238,550 12 East Wavertree and Childwall Community Association IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial period from 3 Juty 2023 Idate of incorporation) to 31 Decernber 2024 GENERAL INFORMATION East Wavertree and Chikjwall Community Asso¢iats"on 1$ a o)mpany limited by guarantee incorporated in England. The registe￿d offi¢e ol th& ¢haiily 1$ 129a Dunbabin Road. Liverpod. Mersèys*de. L16 7QQ which 1$ also the principal ￿ac@ of business of th& chanty. Th8 finan￿al sta18rn8nts have been presen18d in Pound (£1 which is also the fun¢tional wrrgncy of Ih8 Charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting poliLyes have been apyli8d consistentty in d881ing with item5 which 8re o)n5idered material in relation to Ihe chanty'5 financial staternents. Ba•18 ol pr•parallon Thtr finantial gialemenis have been propared ￿ the gtyng 0)n¢em basts ur￿tr the historical cost Convention. modified lo Incltsde cerlain items at fair value. Th8 financol statemènts have been pr8pared in accordance with the St2lemenl of Recommended Practice ISORPI 'AthYJuntsng and Reporting by Charities preparing their accounts in accordance with the FinarKial Repryl'r4J Stsndard ￿￿Kable in the UK8nd Republic of Ireland FRS 102.. A¥ by th? COrnpan￿$ Ad 2006. lh¢ tharity has varigd the standard fomats in that for tho Slatem8nt of Financial Aclivilie5 and the Balance Sheet. D8partur8s frorn the standard fomals are to cornply wilh the requirem8nls of the Charities SORP and are In compliance wilh section 4.7. 10.6 and 15.2 of that SORP. Stat•m•nt ol ¢ompllan The financial siatemenls ol the charity for Ihe fin8rKial pethxl ended 31 Decernber 2024 have be8n preparad on the 90in9 corKem basis and in 8ccor¢ance vAth the Sl8temenl of Recommended Preclice ISORPI 'Accounling and Rewrting by Charilies preparing their aoxunts in accordance the Financial Reporting Standard applicable in Ihe UK and Repub&'c of Ireland FRS 102.. Fund accountlng The fdk)wing are the cal8gJ1*5 of lunds maintained.. R•8trfet•d lunds Resiricied funds rèpresent income reeer¥ed wh￿h ean onty be used ￿ path'euLgr purposes, as spedfied by the donors. Such purposes are within Ihe overnll objecbves ol the charity. Unr•$¢rldod fvnd• un￿sIr1¢1e￿ funds c(¥)slst ol General funds. . Gener81 funds represent affojnts vthich are expendabk at the dis(xetion of the b08rd, in furtherance of the objectives of Ihe chanty. Incorno Incorne is ￿cognised by indUS￿n in the Statement of Finwal Acti%Abes onty wthefi the Charity is legally entiued to Ihe income, perfomance condibons attached Io Ihe itemlsl of income have been met. Y)e amounts involved can be measu￿￿ with suffioent reliabihty and il is pr(thb￿ trat Ihe income wll be received by the chanty. Donatfjons and legacles Voluntary In¢ome Is re¢eived by way of dt)natKl￿ and 9ffls and is A)ckJde¢l in ful In the ststement of financial aelivities sthen receivab￿. Income from charltabk actlvltles Incorne frorn charitsble activities include incl￿8 from Ihe pn)ViSK)n of recr881ion service5. Investments Inc(me from Investments is Induded In ts year in which 1¢ Is recdvatle. 13 cnnbnu8d East Wavertree and Childwall Community Association IA company Ilmlted by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the finan￿al period frorn 3 Juty 2023 (dale of incorporation) to 31 Decernber 2024 Expenilitu Expenditure Is anawd bÈtweÈn ttjsls of charilable actiwties and rai￿n9 funds. The cx)sts of each activity grè separately accumulated and disdosed. and analysed ac£ording to their major ts)mwnents. Expènditure is recognised when a le9al or tt)nstnJcbve obligatM)n exists as a result of a past event. a transfer of economic benefits is required in settlement and the amount of the obl￿al￿)n can be reliably measured. Support costs are those functions Ihat assist Ihe work of the charity but G8nnot ￿ attributed to one activity. Such wsts are alloca18d to actiwt18s in proportion to slaff time spent or other suitable measure for 88ch actNity. TangIb￿ fixed assets and depreciation Tangib￿ fixed a$5ets are staled ai cosi or at valuation. less awJmulaied deprtciation. The charge to depr8ciaiion is cakuklod io writ8 ON the original cost (* Va￿￿tiOn ol lavaibb fixod assèts. bss their estimated residual value, over Iheir 8xp8cle