REGISTERED CHARITY NUMBER: 328675 Rert of the_Trustees and Unaudited Flnancial Statements Ended 30 JuLe 20_24 for the YeaL_ for la Hous¢ Twst McDade Roberts Accountsnts Limited Chartered Accountants 316 Btackpool Road Fuhvood Preston Lanoshire PR2 3AE
Lydia House Trust Contents of the Financial Statements for the Year Ended 30 June 2024 Page Report of the Truslees 1 to 2 Independent Examinerfs Report Statement of Flnancial Activities Statèment of Financlal Position Notes to the Flnan¢ial Statements 6 to 9 D•tailed Statement of Financial Activities 10
Lydia House Trust .rt. of tho Trustees for Yew Ended 30 June 2024 The trustees present their report with the financial statements of the charity for Ihe year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with th@ FinAncial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTMTIES Objectlves and aims The Lydia House Trust operates to provide help to vulnerable or disadvantsged men and wornen. SignifiGant activltles This year has been a good year mentoring people both in this country (U.K.) and abroad, parbcularly in India. We have many reports of lives having changed and families brought back together as a result of mentoring and visits. We have c¢)nnected and helped many vulnerable and disadvantJJed people. We are continuing SUPF>Orting Jack and Sue Mcvicar ITrustee) as theyteachlmentorlpastor in other nations on behalf of the trust. This has been an increasing work. During the year they visited in October 2023 India and went to Delhi, Lucknow and Hyderabad where they taught for a few days al a Bible College and also Chennai where we again worked with Ruah Ministries and Jesus Calls Ministries. They also mentored many people too during their visiL In January 2024 they visited Kuala Lumpar to mentor and teach working with Trinty Community Cenlre and Jesus Calls Ministries again many individuals and families were taught and mentored. Our income and expenditure during tha yoar ha8 increased duc to further giving and travelling and we have also continued to give access to our building free of charge to two other charities, namely Freedom Centre and Luv Preston. We give thanks to God for His faithfulness and continued support of His people. Volunte•r8 The trustees also give Ihanks to our donors and volunteers who have been faithful in their support. FINANCIAL REVIEW Flnancial position The trustees are satisfied with the closing financial posthon. The building value MDukl b8 Worth more than the net book value and there are no signfficant liabilities or creditors to be settled. Principal fundlng sources Generous donations and regular giving from irKlividuals. Reserves policy It is intended that sufficient reserrfes are retsined in order to enable the charity to undertake its financial commitments for a minimum of three months. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documont The charity is controlled by its goveming document. a deed of trust and constilutes an unincorporated tharity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 328675 Page 1
Lydia House Trust ort of the Trust99$ for the Year Endad 30 -Ayne 2024 Prlnclpal address Unit 6, Hardy Close Nelson Court Business Cenlre Ashton on Ribble Preston Lancs PR2 2XP Trustees Mrs S A Mcvicar Trustee Dr C A Robinson Trustge M Porter Trustee (resigned 11912023) Independant Examlner Martin Gary BA (Hons), FCA McDade Roberts Accountants Limited Chartered Accountants 316 Blackpool Road Fulwood Preston Lancashire PR2 3AE Approvad by order of the board of trustees on 2g April 2025 and svJned on its behalf by: Mrs S A McVicar- Trustee Page 2
Independent Examlnorfs Report to tho TnvJt•es of L dia House Trust Independent frxamlnerfs report to the truslees of Lydia House Trust I report to the charity trustees on my examination of the accounts of Lydia House Trust (the TrLL8t) for the year ended 30 June 2024. Responsibllltlas and basis of report As the charity trustees of the Tmst you are responsible for the preparation of the accounts in a¢¢ordance with the requirements of the Charities Act 2011 Cthe Acf). I report in respect of my examination of the Trusfs accounts Caled out under Section 145 of the Act and in carying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(bJ of the Act. Independent examingr'5 slalement I have completed my examination. I confirm thal no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not k1 in respect of the Trusl as required by Section 130 of the Ad. or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements conceming the fom and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ttue and fair view bvhich is rwt a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reach9d. Martin Garry BA {Hons}. FCA McDade Roberts Accountants Limited Chartered Accountants 316 Blackpool Road Fulwood Preston Lancashire PR2 3AE 24 April 2025 Page 3
Lydia House Trust Slatement of Financlal Activities for t_ho Year Ended 30 June 2024 30.6.24 Total funds 30.6.23 Totsl funds UnTrstricted Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 28,218 28,218 18,783 Investment income 234 234 17 Total 28,452 28.452 18,800 EXPENDITURE ON Charitsble actlv5tles Foreign missions Donations made 17,573 998 17,573 998 7,424 210 Other 12.914 12.914 9,556 Total 31.485 31,485 17.190 NET INCOMEI{EXPENDrruRE) (3,033) {3,033) 1,610 RECONCILIATION OF FUNDS Total funds brought forward 162.562 162.562 160,952 TOTAL FUNDS CARRIED FORWARD 159.529 159.529 162,562 The notes frirn part of these ffinanc4al statements Page 4
Lydia House TnASt Statemont of Financial Position 30 June 2024 30.6.24 Total fvnds 30.6.23 Total funds UNestricted Restrirted fund fvnds Notes FIXED AssErs Tangible assets 150,701 150.701 154.465 CURRENT ASSETS Debtors Cash at bank 1,916 7,912 1,916 7,912 2,637 5,960 9.828 9,828 8,597 CREDITORS Amounts falling due wrthin one year (1.000) {1,000) (500) NET CURRENT ASSETS 8.828 8,828 8,097 TOTAL ASSETS LESS CURRENT LIABILITIES 159,529 159.529 162,562 NET ASSETS 159.529 159.529 162,562 FUNDS Unieslricted fvnds 159.529 162.562 TOTAL FUNDS 159,529 162,562 The finanaal statements were approved by the Board of Trustees and authorised for issue on 29 April 2025 and were signed on its behalf by". S A M¢Vicar- Trustee The notes fomi part of these financial statements Page 5
Lydia House Trust Notes to the Fina[al Statements for the Year Ended 30 June 2024 ACCOUNTING POLICIES Basis of preparlng the financial statements The financial statements of the charity, %*thich is a public benefft entity under FRS 102, hav8 been prepared in accordance with the Chartties SORP (FRS 102} 'Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to chartties preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Irelan(J (FRS 102) (affective 1 January 2019),. Financial R8POrting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charilies Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Stslemenl of Financial Activiks once the charity has entitlement to the funds, it is probable that the ino)me will be received and the amount can be measured reliably. Expenditurn Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commttting the charity to that expenditure, it is probable thal a transfer of economic benefits will bo required in settlement and the amount of the obligalion can be measur8d reliably. Expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related to the category. Where costs cannot be directty attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Fixtures and fittings 2Vo on cost 5% on cosl Taxatlon The chaiity is exempt from tax on its charitable actTvities. Fund accountlng Unrestricted funds can be used in accordance the charilable objectives at the discretion of the trusteess. Restricted funds can only be used for particular restricted purposes wtthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular resth'cted purposes. DONATIONS AND LEGACIES 30.6.24 30.6.23 Donations Gift aid refunds 22.962 5,256 10.085 8.698 28.218 18,783 Page 6
Lydia House Trust Notes to the Flnancial Statents -tinue.d for the Year Ended 30 June 2024 INVESTMENT INCOME 30.6.24 30.6.23 Deposit account interest 234 17 TRUSTEES. REMUNERATION AND BENEFITS There were no twstees, remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. Trustees. expens•s DurFng the course of the year the trnstees have been reimbursed for expenses incurred whilst perfonning duties for the charity. TANGIBLE FIXED ASSETS Fixtures and ttings Freehold propety Tots15 COST At 1 July 2023 and 30 June 2024 180.936 2.916 183.852 DEPRECIATION At 1 July 2023 Charge for year 28,950 3,618 437 146 29,387 3,764 At 30 June 2024 32,568 583 33,151 NET BOOK VALUE At 30 June 2024 148.368 2.333 150.701 At 30 June 2023 151,986 2.479 154.465 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 Gift 'd Prepayments 680 1.236 2.419 218 1,916 2,637 Page 7
dia House Trust Notes to thè FinanGial Slatoments - continued for the Year Ended_ 30 June 202_4 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 Other creditors 1,000 500 MOVEMENT IN FUNDS Net movement in furKIs At 30.624 At 1.723 Unrestrlcted funds General fund 162,562 (3,033) 159,529 TOTAL FUNDS 162,562 (3.033) 159,529 Net movement in funds, induded in the above are as follows: Incoming reSoUrS Resour$ expended Movement n funds Unr•strlcted funds General fund 28.452 (31.485) (3.033) TOTAL FUNDS 28.452 (31,4851 {3,033) Comparatlves for movement in funds Net movement in funds At 1.7.22 30.6.23 Unrestrlcted funds General fund 160.952 1,610 162,562 TOTAL FUNDS 160,952 1.610 162,562 Comparative net movement in funds. indLKJed in the above are as follows: Incoming Resources expended Movement in funds Unrestricted funds General fund 18.800 (17,190) 1,610 TOTAL FUNDS 18,800 (17,190) 1,610 Page 8
Lydla House Trust Notes to the Flnancial Ststements- contlnued for Ihe Year Ended 30 June 2024 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 30.6.24 At 1.7.22 Unrestricted funds General fund 160.952 <1.423) 159.529 TOTAL FUNDS 160.952 (1.423) 159,529 A current year 12 months and prior year 12 nhjnths combined net movement in funds, included in the above are as follows: Incoming resources Resources 8xpended Movement in funds Unrestrlcled funds General fund 47.252 (48,675) (1.423) TOTAL FUNDS 47.252 {48,675> (1,423) RELATED PARTY DISCLOSURES As noted within the trustees report. the charity allows use of its freehold property to associated charities. The rent charged in the year was £nil (2023.'£nil). Page 9
Lydia House Trust Detailed Stat•rnont of Financial Acl1vit5 for the Year Ended 30 June 2024 30.6.24 30.6.23 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid refunds 22,962 5,256 10.085 8.698 28.218 18,783 Inve51ment Income Deposit account interest 234 17 Total Incomlng resources 28.452 18,800 EXPENDITURE Charitable activities Donations Missions 998 17,573 210 7,424 18,571 7.634 Support costs Management Rates and water Insurance Light and heat Postage and stslionery Propety management fees Sundries Cleaning Property repairs Freehold property Fixtures and fittings 2.241 218 1,754 1.917 1.853 41 1,260 1,860 125 303 1,440 3.619 146 3.619 146 11.706 8,836 Governance costs Accountancy and legal fees 1,208 720 Total resources expended 31.485 17.190 Net {expenditure)lincome (3,033> 1.610 This page does nol fomi part of the statutory financial statements Page 10