Charity Number: 1204407
Lifecentre Salford
Trustees’ report and financial statements For the year ended 30 September 2024
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Lifecentre Salford Reference and administration information
Charity number 1204407 Registered office and operational address Lifecentre 219 Langworthy Road Salford M6 5PW
Trustees
Trustees who served during the year and up to the date of this report were as follows:
C Lane (Chair) J Myring (appointed 24 June 2024) S Pratt (appointed 24 June 2024) S Durdant-Hollamby R Mason G Stirling
Key management personnel
Beth Myring – Operations Manager.
Bankers
The Co-operative bank 1 Balloon Street Manchester M60 4EP
Virgin Bank Jubilee House Newcastle upon Tyne NE3 4PL
Independent Examiner
Hannah Elliott FCA Alker Elliott Accountancy Limited 29 Greylag Crescent Worsley M28 7AB
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Lifecentre Salford
Trustees’ annual report for the year ended 30 September 2024
The trustees present their report and the unaudited financial statements for the year ended 30 September 2024.
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.
Objectives and activities
The purpose of the charity is to deliver the following:
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To help and educate young people in Salford and surrounding areas by the provision of a centre which offers training, support and leisure activities, with the aim to develop their physical, mental, moral and spiritual capacities, that they may grow to full maturity as individuals and members of society and their conditions of life may be improved;
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To offer training and education programmes for the benefit of the public living in and around Salford; and
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To advance the Christian religion by communicating and explaining the Christian faith, as opportunity permits and in response to enquiry, through individual and group discussion and by encouraging and facilitating attendance at local Christian churches and meetings.
Although Lifecentre Salford is a Christian Charity, we welcome equally people of any faith or none.
Summary of the main activities:
Holiday Hunger Holiday Clubs : We have built partnerships with many different organisations to deliver vital provision for children in great need in Salford. We have also played an advocacy role in raising awareness of this need in the city. This has led to the Lifecentre playing more of a key role in providing advice and provision in the area of holiday hunger across the whole city of Salford. This year we have again been involved in coordinating the HAF work across the whole city of Salford and been directly responsible for running several holiday clubs in the Winter, Easter and Summer holidays.
Breakfast Group : This group is a continued partnership with Willow Tree Primary School, running 5 mornings a week in term time and providing a stable, calm environment for up to 10 children to help improve their attendance, behaviour and self esteem, and providing them with wholesome breakfast each day.
Paired Up Reading : A project linking children in local schools with older people living in sheltered housing projects where the older people help the children to read.
Moving On Well : Helping children from year 6 in the big move from Primary to High School.
JAM Club : Weekly clubs in St Luke’s C of E, providing fun and games and a Christian message for the children who attend.
We Run Salford : Focussed on encouraging local women to run and get fit. Boosting self-esteem and promoting a healthy lifestyle.
Salford Scorpions and SS Cadets : Weekly free training sessions for adults and children in Flag American Football. Including a men’s team in the national league.
Theraplay : A project working alongside families which is receiving very positive feedback from the families involved.
Youff : A Thursday night club for young people of high school age with fun activities, food and Christian input.
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Lifecentre Salford
Trustees’ annual report for the year ended 30 September 2024
Public benefit statement
In the projects listed above, we have made a significant difference this year in the lives of hundreds of children, young people and families across Salford, providing material support in terms of food, therapeutic support, pastoral encouragement, physical fitness, emotional and spiritual help, and creating communities in which people can thrive and grow as good citizens.
Lifecentre Salford trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees have considered how planned activities will contribute to the aims and objectives that have been set. The trustees review the aims, objectives and activities of the charity each year which helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.
Strategic Report
Achievements and performance
All the groups listed in this report have continued to thrive this year. We are delighted with the impact of the holiday hunger work on the lives of hundreds of children but also on the continued importance placed on this work by other agencies. We are encouraged by the growth of the Paired Up Reading project and the Moving on Well initiative. The Salford Scorpions continues to expand with new people and teams forming and opportunities to reach even more people.
Financial review (including reserves policy)
At the end of the reporting period Lifecentre Salford had total funds of £249,032 (2023: £202,363) consisting of unrestricted funds of £108,548 (2023: £68,997), and restricted funds of £140,484 (2023: £133,366). Cash reserves at bank were £250,564 (2023: £180,718). There are no immediate concerns about the charity’s finances. During the year the charity received unrestricted income of £82,002 (2023: £85,652) and restricted income of £261,602 (2023: £263,218). Expenditure for the year from unrestricted funds was £42,450 (2023: £84,820) and from restricted funds £254,485 (2023: £265,651).
We are pleased with our end of year conclusions in the accounts and the healthy state of our finances this year.
Our reserves policy is to have a minimum of 3 months of running costs in the account at any given time.
Plans for future periods
To continue to grow and develop the work in response to the needs of our community here in Salford. We expect all current projects to continue in the coming year. In 2025 we will launch a Quality Mark for High Schoos to support best practice in Year 6 - Year 7 transition. From the Autumn onwards we have a fundraising campaign starting that will build around our 25th anniversary (in 2025) as a charity, and the main thrust of this will be to increase our regular monthly giving.
Following the end of this accounting period the trustees made the decision to no longer deliver the Holiday Activities Fund to focus on other Lifecentre projects. This will result in a significant reduction in income in 2025-26 from the previous three years. Holiday Activities were delivered until January 2025.
Structure, governance and management
Lifecentre Salford was registered as a Charitable Incorporated Organisation (CIO) with the Charity Commission on 18 August 2023. The charity was established under a constitution which established the objects and powers of the charity and its governance. Lifecentre Salford was previously operating as an unincorporated charity (charity number 1089030).
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Lifecentre Salford
Trustees’ annual report for the year ended 30 September 2024
Following approval from the Charity Commission in April 2024, the Assets and Liabilities of the charity were transferred to the new CIO. The date of the transfer was the 31 May 2024.
The objectives and activities of the new CIO are the same and the trustees and key management personnel remain the same.
Our General Manager Beth Myring is accountable in her work to the team of trustees and meets with a nominated trustee for monthly line management. The trustees delegate the day-to-day running of the Lifecentre to Beth and her team. There is a finance committee made up of 2 trustees and one advisor who decide each year on pay scales and any increases that may be necessary.
All trustees give their time voluntarily and receive no benefits from the charity. No expenses were reclaimed from the charity during the period. Trustees are recruited based on skills and are selected based on experience and expertise they have which will help to deliver the aims of Lifecentre Salford. New Trustees are recruited and appointed by existing ones.
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Lifecentre Salford
Trustees’ annual report for the year ended 30 September 2024
Statement of responsibilities of the trustees
The trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity 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 group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities SORP. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees’ annual report has been approved by the trustees on 19 June 2025 and signed on their behalf by
Name: Chris Lane
Title: Chair of trustees
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Lifecentre Salford Independent examiner’s report to the trustees For the year ended 30 September 2024
I report on the accounts of the charity for the period ending 30 September 2024 set out on pages 7 to 22.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Other matters
Following approval from the Charity Commission in April 2024, the Assets and Liabilities of Lifecentre Salford (charity number 1089030) were transferred to Lifecentre Salford a Charitable Incorporated Organisation (charity number 1204407). The date of the transfer was the 31 May 2024. The legal form of the charity has changed but its purpose and beneficiary class remain unchanged.
Your attention is drawn to note 1a to the financial statements, which indicates that merger accounting has been applied to these accounts in accordance with Charities SORP (FRS 102) (second edition - October 2019) s27.12 and s27.13. Disclosures relating to merger required by FRS102 and detailed in Charities SORP (FRS 102) (second edition - October 2019) s27.14-27.16 are detailed in note 18 to the financial statements.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Hannah Elliott FCA Alker Elliott Accountancy Limited 29 Greylag Crescent, Worsley M28 7AB
19 / 06 / 2025
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Lifecentre Salford
Statement of Financial Activities
for the year ended 30 September 2024
| Unrestricted funds Note £ Income from: Donations and legacies 3 78,227 Charitable activities 4 - Other Income 5 3,775 Total income 82,002 Expenditure on: Charitable activities 6 42,450 Total expenditure 42,450 7 39,552 Transfer between funds - 39,552 Reconciliation of funds Total funds brought forward 68,996 Total funds carried forward 108,548 Net movement in funds for the year Net income/(expenditure) for the year |
Restricted funds £ 253,246 8,356 - 261,602 254,485 254,485 7,117 - 7,117 133,367 140,484 |
Total funds 2024 £ 331,473 8,356 3,775 343,604 296,935 296,935 46,669 - 46,669 202,363 249,032 |
Unrestricted funds £ 77,058 - 8,594 85,652 84,820 84,820 832 - 832 68,165 68,997 |
Restricted funds £ 255,877 7,341 - 263,218 265,651 265,651 (2,433) - (2,433) 135,799 133,366 |
Total funds 2023 £ 332,935 7,341 8,594 |
|---|---|---|---|---|---|
| 348,870 | |||||
| 350,471 | |||||
| 350,471 (1,601) - |
|||||
| (1,601) 203,964 |
|||||
| 202,363 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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Lifecentre Salford
Balance sheet as at 30 September 2024
| Note £ £ Current assets Debtors 12 714 Cash at bank and in hand 13 250,564 Total current assets 251,278 Liabilities Creditors: amounts falling due in less than one year 14 (2,246) Net current assets 249,032 Total assets less current liabilities 249,032 Net assets 249,032 The funds of the charity: Unrestricted: Designated funds 16 39,158 General funds 16 69,390 108,548 Restricted income funds 16 140,484 Total charity funds 249,032 2024 |
£ £ 27,895 180,718 208,613 (6,250) 202,363 202,363 202,363 39,423 29,573 68,996 133,367 202,363 2023 |
£ £ 27,895 180,718 208,613 (6,250) 202,363 202,363 202,363 39,423 29,573 68,996 133,367 202,363 2023 |
|---|---|---|
| 202,363 | ||
| 202,363 | ||
| 68,996 133,367 |
||
| 202,363 |
For the year in question, the charity was entitled to exemption from an audit under section 144 of the Charities Act 2011. The Charity Commission has not ordered an audit to be carried out under Section 146 of Charities Act 2011.
The notes on pages 9 to 22 form part of these accounts.
Approved by the trustees on 19 June 2025 and signed on their behalf by:
Chris Lane (Chair of Trustees)
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024
1 Accounting policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a Basis of preparation
These financial statements have been prepared in accordance with 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), with FRS 102 and with the requirements of the Charities Act 2011.
In accordance with Charities SORP (FRS 102) (second edition - October 2019) s27.12 and s27.13 merger accounting has been applied to these financial statements. Disclosures relating to the merger required by FRS102 and detailed in Charities SORP (FRS 102) (second edition - October 2019) s27.1427.16 are detailed in note 18 to the financial statements.
Lifecentre Salford meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The financial statements are presented in sterling which is the functional currency of the charity and
rounded to the nearest £ sterling.
b Judgments and estimates
The trustees have made no key judgements which have a significant effecct on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
c Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
d Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
e Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
f Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
O Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
O Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
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Costs of raising funds comprise the costs of staff time in fundraising activities.
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Expenditure on charitable activities includes the costs of undertaking resettlement support to further the purposes of the charity and the associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
P Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs consist of governance costs which are wholly attributable to charitable activities.
Q Operating leases
Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.
R Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
O Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
P Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Q Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
R Pensions
Employees of the charity are entitled to join a defined contribution scheme. The charity’s contribution is restricted to the contributions disclosed in note 9. There were outstanding contributions of £153 (2023: £96) at the year end which were paid over after the year end. The costs of the defined contribution scheme are included within charitable activities, support and governance costs and allocated to funds in line with the area the employee is funded.
2 Legal status of the charity
The charity is a charitable incorporated organisation registered with the Charities Commission and has no share capital. The registered office address is disclosed on the Reference and Administration page.
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| 5 | 4 | 3 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total 3,775 - 3,775 8,594 |
Reimbursement of running costs 3,123 - 3,123 5,008 |
Rental Income 652 - 652 3,586 |
£ £ £ £ |
Unrestricted Restricted Total 2024 Unrestricted |
Other Income | Total - 8,356 8,356 - |
Holiday Clubs - 8,356 8,356 - |
£ £ £ £ |
Unrestricted Restricted Total 2024 Unrestricted |
Income from charitable activities | Total 78,227 253,246 331,473 77,058 |
38,131 234,203 272,334 3,880 Grants |
Gift aid recovered 2,112 - 2,112 4,618 |
Donations and gifts from individuals 37,984 10,893 48,877 63,445 |
Donations from Organisations - 8,150 8,150 5,115 |
£ £ £ £ |
Unrestricted Restricted Total 2024 Unrestricted |
Income from donations and legacies | Notes to the accounts for the year ended 30 September 2024 (continued) | Lifecentre Salford |
| - | - | - | £ | Restricted | 7,341 | 7,341 | £ | Restricted | 255,877 | 239,353 | - | 8,849 | 7,675 | £ | Restricted | |||||
| 8,594 | 5,008 | 3,586 | £ | Total 2023 | 7,341 | 7,341 | £ | Total 2023 | 332,935 | 243,233 | 4,618 | 72,294 | 12,790 | £ | Total 2023 |
Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
6 Analysis of expenditure on charitable activities
| Payroll and Pension Costs Sessional Staff costs Staff Training Other Staff Costs Travel Expenses Other expenses Advertising/Promotional Building Renovations Rent Community Events Building Maintenance Business Rates Cleaning General Office Bank charges Sundry expenses Insurance Licences Mobile Phones Telephone/Broadband Tithe Utilities Accountancy Fees Fundraising Gifts HAF Admin/Staff Costs HAF Enrichment HAF Sport Provision HAF Venues Other Professional Services Project Costs Resources Restricted expenditure Unrestricted expenditure |
2024 £ 107,161 87,806 2,382 292 627 - 126 2,076 10,200 73 1,046 158 - 2,905 73 275 842 73 228 1,367 394 2,515 1,000 230 2,537 1,024 10,980 25 29,750 2,160 14,257 14,353 296,935 254,485 42,450 296,935 |
2023 £ 98,011 121,103 3,580 1,121 539 72 623 25,273 10,200 40 1,982 319 389 2,993 - - 846 72 311 1,055 308 2,587 800 8 1,076 509 16,274 - 22,080 2,020 21,900 14,380 |
|---|---|---|
| 350,471 | ||
| 265,651 84,820 |
||
| 350,471 |
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
7 Net income/(expenditure) for the year
| This is stated after charging/(crediting): Accountancy fees Staff costs Staff costs during the year were as follows: Wages and salaries Social security costs Pension costs Independent examiner's fee |
2024 £ 750 250 2024 £ 99,395 4,844 2,922 107,161 |
2023 £ 550 250 |
|---|---|---|
| 2023 £ 87,117 8,017 2,877 |
||
| 98,011 |
8 Staff costs
No employes have employee benefits in excess of £60,000 (2023: zero).
The average number of staff employed during the period was 6 (2023: 5).
The average full time equivalent number of staff employed during the period was 3 (2023: 3).
The key management personnel of the charity comprise the trustees and the General Manager
9 Trustee remuneration and expenses, and related party transactions
Neither the management committee nor any persons connected with them received any remuneration during the year.
In the current year no trustees received any income for services provided to Lifecentre. S Lockett a trustee of Lifecentre received £932 in 2023 for services provided to Lifecentre Salford.
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2023: Nil).
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
10 Government grants
| vernment grants | ||
|---|---|---|
| Salford City Council - HAF Fund Salford City Council - Food Resonse Fund Salford City Council - Household Support Fund |
2024 £ 227,380 - 1,000 228,380 |
2023 £ 219,626 1,000 1,350 |
| 221,976 |
11 Corporation tax
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
12 Debtors
| Gift Aid Debtor Accrued Income |
2024 £ 714 - 714 |
2023 £ 2,230 25,665 |
|---|---|---|
| 27,895 |
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
13 Cash at bank and in hand
| 13 Cash at bank and in hand |
||
|---|---|---|
| Cash at bank and on hand 14 Creditors: amounts falling due within one year Other creditors and accruals |
2024 £ 250,564 250,564 2024 £ 2,246 2,246 |
2023 £ 180,718 |
| 180,718 | ||
| 2023 £ 6,250 |
||
| 6,250 |
15 Commitments under operating leases
Lifecentre Salford has minimum lease payments under non-canceallable operating lease as set out below:
| Not later than one year Later than one year and not later than five More than five years |
2024 £ 14,700 58,800 91,875 165,375 |
2023 £ 14,700 58,800 106,575 |
|---|---|---|
| 180,075 |
Lifecentre Salford has a lease agreement with Langworthy Community Church Trust for the rental of 219 Langworthy Road, Pendleton, Salford, M6 5PW.
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
16 Analysis of movements in funds
| Restricted Funds Youff Breakfast Club Moving on Well Paired Up Reading Salford Scorpians Designated Funds Youth Worker Make Lunch Project Jam Club Faith in Schools Buggy Movers Covid 19 Response Play Therapy Running Club General Funds Healthy Holidays (HAF Funds) |
Balance at 1 October 2023 £ 106,859 7,203 532 16,680 1,655 438 133,367 22,998 7,212 1,053 3,872 1,154 2,378 513 243 39,423 29,573 202,363 |
Income £ 202,652 19,664 12,555 7,628 2,900 16,203 261,602 2,760 - - 2,700 - - - - 5,460 76,542 343,604 |
Expenditure £ (211,852) (8,375) (11,669) (13,093) (2,892) (6,604) (254,485) (1,805) (1,800) - (670) - - (1,420) (30) (5,725) (36,725) (296,935) |
Transfers £ - - - - - - - - - (1,053) 1,053 (1,154) (2,378) 2,378 1,154 - - - |
Balance at 30 September 2024 £ 97,659 18,492 1,418 11,215 1,663 10,037 |
|---|---|---|---|---|---|
| 140,484 | |||||
| 23,953 5,412 - 6,955 - - 1,471 1,367 |
|||||
| 39,158 | |||||
| 69,390 | |||||
| 249,032 |
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
16 Analysis of movements in funds (continued)
Comparative Period
| Restricted Funds Youff Breakfast Club Moving on Well Paired Up Reading Salford Scorpians Designated Funds Youth Worker Make Lunch Project Jam Club Buggy Movers Covid 19 Response Play Therapy Other Designated Funds General Funds Healthy Holidays (HAF |
Balance at 1 October 2022 £ 100,209 - 4,689 25,048 1,466 4,387 135,799 21,029 7,212 1,053 1,204 2,594 2,782 3,304 39,178 28,987 203,964 |
Income £ 226,967 10,012 9,260 8,164 2,900 5,915 263,218 2,948 - - - - - 1,950 4,898 80,755 348,871 |
Expenditure £ (220,317) (2,809) (13,417) (16,532) (2,711) (9,864) (265,650) (979) - - (50) (216) (2,269) (1,139) (4,653) (80,169) (350,472) |
Transfers £ - - - - - - - - - - - - - - - - - |
Balance at 30 September 2023 £ 106,859 7,203 532 16,680 1,655 438 |
|---|---|---|---|---|---|
| 133,367 | |||||
| 22,998 7,212 1,053 1,154 2,378 513 4,115 |
|||||
| 39,423 | |||||
| 29,573 | |||||
| 202,363 |
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
16 Analysis of movements in funds (continued)
The following are the restricted and designated funds allocated by the charity:
Name of fund Description, nature and purposes of the fund Healthy Holidays (HAF For delivery of the Holiday Activities Fund to local children. Funds) Breakfast Club Delivery of a breakfast group with emotional literary for vulnerable children. Moving On Well To support of Year 6 and Year 7 pupils transitioning to High School and the provision of an accreditation for High Schools across Greater Manchester with transition standards. Paired up Reading To provide intergenerational connections for older adults and children in weekly sessions focused on reading. Salford Scorpians A community Flag American football club with teams for adults and children and young people. Youth Worker Salaries for a Youth worker. Make Lunch Project To support local families experiencing food insecurity. Jam Club/Faith in Schools To support children in local Primary Schools to attend a weekly after school club to learn about the Christian faith. Jam Club is no longer running and the trustees agreed to transfer the remaining balance to Faith in Schools which has replaced this project. Buggy Movers To support local parents with physical activity and improved wellbeing through weekly buggy walks/jog/runs. This has now become a running club. Covid 19 Response Activities to support the local community during and following the COVID 19 pandemic. This fund was no longer required and the trustees agreed that it would be transferred to Play Therapy. Play Therapy To provide local families with Theraplay informed sessions to support attachment. Running Club To provide a running club for the local community. General Fund The free reserves after allowing for all designated funds
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
17 Analysis of net assets between funds
| Net current assets/(liabilities) Total Comparative period Net current assets/(liabilities) Total |
General fund £ 69,390 69,390 General fund £ 29,573 29,573 |
Designated funds £ 39,158 39,158 Designated funds £ 39,423 39,423 |
Restricted funds £ 140,484 140,484 Restricted funds £ 133,367 133,367 |
Total 2024 £ 249,032 |
|---|---|---|---|---|
| 249,032 | ||||
| Total 2023 £ 202,363 |
||||
| 202,363 |
18 Merger accounting disclosures
Following approval from the Charity Commission in April 2024, the Assets and Liabilities of Lifecentre Salford (charity number 1089030) were transferred to Lifecentre Salford a Charitable Incorporated Organisation (charity number 1204407). The date of the transfer was the 31 May 2024. The legal form of the charity has changed but its purpose and beneficiary class remain unchanged and therefore merger accounting has been applied to these accounts in accordance with Charities SORP (FRS 102) (second edition - October 2019) s27.12 and s27.13.
Disclosures relating to merger required by FRS102 and detailed in Charities SORP (FRS 102) (second edition - October 2019) s27.14-27.16. In the tables below Lifecentre and Lifecentre CIO refer to the charities with registration numbers 1089030 and 1204407 respectively.
Analysis of principal SoFA components for the current reporting period
| Total income Total expenditure Net income/(expenditure) Other gains/(losses) Net movement in funds |
Lifecentre (pre-merger) £ 189,433 190,670 (1,237) - (1,237) |
Lifecentre CIO (pre-merger) £ - - - - - |
Lifecentre CIO (post-merger) £ 154,171 106,265 47,906 - 47,906 |
Combined Total £ 343,604 296,935 46,669 - |
|---|---|---|---|---|
| 46,669 |
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Lifecentre Salford
Notes to the accounts for the year ended 30 September 2024 (continued)
18 Merger accounting disclosures (continued)
Analysis of principal SoFA components for the previous reporting period
| Total income Total expenditure Net income/(expenditure) Other gains/(losses) Net movement in funds Total Funds b/fwd Total Funds c/fwd |
Lifecentre £ 348,870 350,471 (1,601) - (1,601) 203,964 202,363 |
Lifecentre CIO £ - - - - - - - |
Combined Total £ 348,870 350,471 (1,601) |
|---|---|---|---|
| (1,601) | |||
| 203,964 202,363 |
Analysis of net assets at the date of the merger (31 May 2024)
| Net assets Represented by: Unrestricted funds Restricted Income funds Total Funds |
Lifecentre £ 201,126 122,451 78,675 201,126 |
Lifecentre CIO £ - - - - |
Combined Total £ 201,126 122,451 78,675 |
|---|---|---|---|
| 201,126 |
19 Events after the end of the period
Following the end of this accounting period the trustees made the decision to no longer deliver the Holiday Activities Fund to focus on other Lifecentre projects. This will result in a significant reduction in income in 2025-26 from the previous three years. Holiday Activities were delivered until January 2025.
This decision did not have a financial effect on the financial statements at 30 September 2024 and therefore, no adjustments have been made for this event in these financial statements. Without this funding, Lifecentre Salford will still continue as a going concern.
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Doc ID: 0b4a2052f79d805369c9c047c50c1dbca0540d4e