THE ORRELL PARK DISTRICT & COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Charity Registration No. 503964
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION CONTENTS Page Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activities Balan Sheet Notes to the Financial Statements
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The Trustees are pleased to present their annual report for the year ended 31 St 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 applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland published (FRS 102) (effective 1 sl January 2019). OBJECTIVES AND ACTivrriES Constitution and objects The principal activities of the chaiity are the promotion of older people activities, adult education and enhancing peoples lives in the local area. The Community Centre offers an accessible. welcoming and friendly venue with a wide range of activities such as: senior citizens groups, health and well-being events. leaming circles, informal leaming. senior citizens social activities, craft groups, artsllT projects, light exercise sessions, signposting service, user groups, a meeting pla and community resource for all local residents groups. During the year the charity has obtained grants from the local authority, The National Lottery Fund and LCVS Community Impact Fund for core costs and has continued with its main activities the results of which can be seen in the folloviing statements. We have referred to the guidance contained in the Charity Commissionerfs general guidance on public benefit when reviewing our aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contrtbute to the aims and objectives they have set. Public Benefit The Trustees are aware of the Charity Commission guidance on public benefit. The work of the charity and the funds it raises are wholly directed towards furthering the aims and objectives set out above and the Trustees are therefore of the view that the charity satisfies the criteria laid down to meet the public benefit test. ACHIEVEMENTS AND PERFORMANCE During this year the organisation has continued to provide activities as outlined in its aims and objectives. As well as ongoing work the organisation has trialled new activities. The staff have continued to conduct its monitoring and evaluation prOdureS through observations, focus groups and questionnaires. This allows us to meet the local community's changing needs as well as meeting our outputs and outcomes required by our funders. A grant was obtained to refurbish a new comfortable. accessible room for volunteers complete with new fumiture, decoration and coffee making facilities. The organisation is in the second year of a three year National Lottery Fund grant as well as support from Liverpool City Council Funding FINANCIAL REVIEW Total income for the year was £73.141 (2023: £73,925) of which £70,589 (2023." £72,735) related to funding for projects upon which restrictions are plad.
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Total expenditure for the year was £81,289 (2023: £78.813), leaving a deficit for the year of £8,148 (2023: Deficit £4,888). At 31st March 2024 the charity's resereS stood at £287,537 (2023: £295.685) of which £24,912 (2023: £30,188) represented restricted funds. RISK MANAGEMENT The main risks to which the charity is exposed as identified by the Trustees have been considered and systems have been established to mitigate those risks. RESERVES POLICY It is the policy of the charity to maintain unrestricted fvnds, which are free reserves at a level to cover redundancy provision and three months running costs should no further funding be received. At the end of the financial year, unrestricted fvnds totalled £262,625 (2023: £265,497) of which £230,229 (2023: £235,260) is represented by fixed assets, leaving surplus free reserves of £32,396 (2023: surplus £30.237). The charity company has set aside designated funds of £28,174 which compromises redundancy costs of £21,627 Fund & three months running costs (without salary costs) £6,548. PLANS FOR THE FUTURE The organisation aims to meet all the criteria and planned outcomes of the National Lottery Fund grant as well other smaller grants. We will continue look at sustainability and volunteer recruitment and support. We look forward to marking our 50th year at the end of 2024 with events and activities to celebrate this milestone achievement. STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and Appointment of New Trustees.. Applications for trusteeship are sought by personal recommendation of existing trustees or users of the charity's facilities. A trustee is appointed at a general meeting having been recommended by a serving trustee and appropriate nati to members eligible to vote has been given. A simple majority of members eligible to vote is required to appoint a trustee. Induction and Training of new trustees New trustees receive information regarding the charity including previous years financial information, offIrS, reports, and organisational structure. They obtain training by experience of various functional committee meetings.
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Name The Orrell Park & District Community Association 503964 Charity Number Addres5 & Office 6 Moss Lane Orrell Park Liverpool L9 8AJ Trustees Trustees at the time of signing of the report and trustees during the year C. Atkinson L. Hughes J. Manwell M. Manwell R. Nuttall L Nuttall Independent Examiner Ying Huang ACCA LCVS, 151 Dale Street, Liverpool, L2 2AH Bankers Natwest Aintree, Black Bull Branch Comer of Longmoor Land and Cedar Road Liverpool L9 8AJ Signed on behalf of the Trustees Ruth Nuttall Date: z2- .10 1* Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ORRELL PARK & DISTRICT COMMUNrrY ASSOCIATION I report on the accounts of the charity for the year ended 31 sl March 2024 which are set out on pages 5 to 15. Res ective res onsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charlS 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: examine the accounts under section 145 of the Charities Act, 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 to state whether particular matters have come to my attention. Basis of inde endent examinerfs 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 comparrson of the accounts presented with those records. It also includes consideration of any unusual items or disdosures in the accounts and seeking explanations from the trustees Conrning any suth 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 fairf view and the report is limited to those matters set out in the ststement below. Inde endent examiner's In connection with my examination, no matter has come to my statement attention: (1) which gives me reasonable cause to believe that in any material respect the requirements-. d. to keep accounting records in accordance with section 130 ofthe Charities Act: to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or (2) to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Ying Huang Relevant professional qualification or body-. ACCA Address: LCVS 151 Dale Street, L2 2AH Dated:
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 Notes Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Income and endowments from: Gifts & Donations Charitable Activities Investments Other Income 2a 2b 2c 2d 827 955 220 550 827 71,544 220 550 70,589 72,921 71 933 Total income 2,552 70,589 73,141 73,925 Expenditure on: Charitable activities 5,424 75.865 81,289 78,813 Total expenditure 5,424 75,865 81.289 78.813 Net (expenditure), net movement in funds (2,872) (5.276) (8,148) (4,888) Total funds brought forward 265,497 30,188 295,685 300,573 Total funds carried forward 262,625 24,912 287,537 295,685 The notes on pages 7 to 15 fomi part of these accounts. All the above amounts relate to continuing activities of the charity.
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31ST MARCH 2024 Notes 315t March 2024 31st March 2023 Fixed assets Tangible fixed assets 232,105 237,632 Current assets Debtors Cash at bank and in hand 485 56,943 242 59,607 57,428 59,849 Current liabilities Creditors: amounts falling due within one year {1.996) (1,796) Total assets less current liabilities 55,432 58,053 Net assets 287,537 295,685 Funds: Unrestricted funds Restricted funds 262,625 24,912 265,497 30,188 287,537 295,685 The financial statements were: Approved by Trustees on . 2L!L":.afr...., and signed on their behalf by: Ruth Nuttall Trustee
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 1. Accounting Policies Basis of accounting The financial statements have been prepared in accordan with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (SORP 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) (effective 1 $1 January 2019) and Charities Act 2011. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. 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 concem At the time of approving the accounts. the trustees have a reasonable expectation that the charity has adequate funds to continue in operational existen for the foreseeable future. Thus, the trustees continue to adopt the going conrn basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the charity's free reserves available for the Trustees to apply in accordance with the charity's objectives. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. Income recognition All income is recognised once the charity has entitlement to the income, there is sufficient rtainty of receipt and so it is probable that the income will be reived, 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 exptIOn of known legacies which are accounted for when their receipt is certain. Income from charitable activities is recognised on an accrual's basis expt for grants receivable, which are recognised on the date on which their unconditional payment is confirmed by the donor. Income from investment relates to bank interest received and is recognised when the amount is certain. Income received on fvnds for a specific purpose is allocated to that fund were material. Other Income relates to rental income and gains on disposal of tangible asset and is recognised when the amount is certain. Commitments under non4ancellable operating leases Commitments under non-cancellable operating leases are charged to the Statement of Financial Activities when payable.
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Fixed Assets Depreciation is provided to write off the cost of each asset over its expected useful lrfe as below- Freehold Propety Computer Equipment Plant & Machinery Fixtures and Fittings Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive 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's basis. All expenses, including support costs and govemance 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 relate to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charitable company. Support and govemance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charitable company. Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short- tenn liquid investments with 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. 2 % per annum straight line basis 20 % per annum reducing balance basis 20 /0 per annum reducing balan basis 20 % per annum reducing balance basis Financial instruments are recognised in the charitys balance sheet when the Gharity 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 enforable 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.
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction prFce including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where 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. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future reIpts discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt instruments are subsequenuy 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 cancelled. Critical accounting estimates and judgements In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other Sour5. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised 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 current and future periods. All expenditure is accounted for on an accrual's basis. All expenses. including support costs and govemance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governan costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Cost of charitsble activities relate to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charity. Support and governan costs relate to the management and operation of the organisation and compliance with constitutional and statutory requirements in producing the annual report. These a dealt with in the Statement of Financial Activities when payment has been approved by the charity Taxation Income and gains are exempt from taxation as they are reiVed and applied for charitable purposes only. The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 2. Income and endowments from a. Donations and Legacies Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Donations 827 827 Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 b. Charitable activities Charles Brotherton Classes Elizabeth Rathbone Trust Garfield Weston LCC Mayoral Fund Liverpool City Council- Community Resour5 Grant LCVS Community Impact Fund LCVS Skelton Charity Liverpool City Council National Lottery Fund Refreshments 225 225 955 450 32 1,500 10,000 300 955 5,000 5,000 1,500 985 1,500 985 1,000 5,000 54,485 154 62,879 62.879 955 70,589 71,544 72,921 Income from Charitable Activities in 2023 comprised £186 unrestricted funds & £72,735 related to restricted funds. c. Investments Bank Interest 220 220 71 Income from investments in 2023 related wholly to unrestricted funds d. Other Income Rent Income Bank Compensation 550 550 633 300 550 550 933 Other Income for 2023 related wholly to unrestricted fvnds. 10-
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 3. Expenditure on charitable activities Direct Support & Charitable Governance Expenditure Costs Total 2024 Total 2023 76,997 4,292 81.289 78,813 a. analysed as follows: 2024 2023 Direct charitable expenditure." Staff salary costs Pension Prernises Cost Exercise Rent, Rates & Telephone Utilities Grants Consultancy Fees Other Running Costs Depreciation 53,533 1001 4,448 500 1,841 7,357 2,791 50,485 511 6,147 1,249 3,713 1,714 3.200 305 5,430 5,526 76,997 72,754 Support & govemance costs.. Insurance Training Stationery Sundries Payroll fees Volunteer Expenses Interest Loss on disposal of Fixed Asset Accountancy 1,213 415 299 15 563 677 1.589 1,200 950 100 508 475 39 138 1,060 1,110 4.292 6,059 Total expenditure on charitable activities 81.289 78,813 £75,865 (2023". £73,583) of the above expenditure is restricted expenditure.
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 b. Staff Costs 2024 2023 Gross wages and salaries Pension 53,549 985 50,485 511 54,534 50,996 c. Particulars of employees: Average number of employees during the year, calculated on the basis of full-time equivalents, was as follows: 2024 2023 Administration No out-of-pocket expenses were reimbursed to Trustees in the year (2022: £nil) 4. Tangible fixed assets Freehold Plant & Computer Fixtures & Property Machinery Equipment Fittings Total Cost Balan at 1s1 April 2023 Additions 250,000 6,654 2,920 20,684 280,258 Balance at 31st March 2024 250,000 6,654 2,920 20.684 280,258 Depreciation: Balance at 1st April 2023 Charge for the year 15,000 5,000 6,627 1,293 325 19,706 196 42,626 5,527 Balance at 31st March 2024 20,000 6,633 1,618 19.902 48,153 Balance at 31st March 2024 230,000 21 1,302 782 232,105 Balance at 31 st March 2023 235,000 27 1,627 978 237,632 5. Debtors 2024 2023 Prepayments 485 242 12-
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 6. Creditors: amounts falling due within one year 2024 2023 Other Creditors Accruals 550 1,446 609 1,187 1,996 1,796 7. Analysis of Net Assets between Funds Year end 2024 Freehold Property Tangible Net Current Fixed Assets Assets Total Unrestricted Funds General Fund 230.000 229 32,396 262,625 230,000 229 32,396 262,625 Restricted Funds Charles Brotherton LCVS Community Impact Fund Liverpool City Council- Community resources grant National Lottery Fund 721 721 1.500 1,500 61 20,754 61 22,630 1.876 1,876 23,036 24,912 Totals 230.000 2.105 55,432 287,537 Year end 2023 Freehold Tangible Property Fixed Assets Net Current Assets Total Unrestricted Funds General Fund 235,000 260 30,236 265,497 235,000 260 30,236 265,497 Restricted Funds Charfes Brotherton Elizabeth Rathbone Trust Garfield Weston National Lottery Fund 802 1,500 2.116 23.398 802 1,500 2,116 25,769 2,372 2,372 27.816 30,188 Totals 235,000 2,632 58.052 295,685 13
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 8. Unrestricted Funds Reserves at Beginning of year Movements in the Year Reserves at End of Year Year end 2024 Income Expenditure Transfer General Fund Designated Fund Fixed Assets 3.151 27.346 235.000 2,552 {424) (828) 828 4.451 28,174 230.000 (5,000) 265,497 2,552 5.424 262,625 Reserves at Beginning of year Movements in the Year Reserves at End of Year Year end 2023 Income Expenditure Transfer General Fund Designated Fund Fixed Assets 7,588 21.949 240,000 1,190 (230) (5,397) 5,397 3,151 27,346 235,000 {5,000) 269,537 1,190 (5,230) 265,497 General Fund - This fund is used to finance the charity's general activities and core costs outlined in the Trustees, Report. Designated Fund - comprises a provision for redundancy costs of £21.627 Fund & three months running costs (without salary costs) £6.548. Fixed Assets - Fund represented in the freehold propety. 9. Restricted Funds Reserves at Beginning of Year Movements in the Year Reserves Year end 2024 at End of Year Income Expenditure Charles Brotherton Eltzabeth Rathbone Trust Garfield Weston LCVS Community Impact Fund LCVS Skelton Charity LiveTpooI City Council - Community Resources Grant National Lottery Fund 803 1,500 2,116 225 (307) (1.500) (2,116) 721 1.500 985 5,000 1,500 (985) (4,939) 61 25.769 62,879 (66,018) 22,630 30,188 70,589 (75,865) 24,912 14-
THE ORRELL PARK & DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Reserves at Beginning of Year Reserves Year end 2023 Movements in the Year at End of Year Income Expenditure Charles Brotherton Elizabeth Rathbone Trust Garfield Weston LCC Mayoral Fund LCVS Community Impact Fund Live001 City Council- Comrnunity resources grant National Lottery Fund Steve Morgan 456 450 1.500 10.000 300 1,000 5,000 (103) 803 1,500 2,116 (7.884) (300) (1,000) (5,000) 28,578 2.002 54,485 (57.294) (2.002) 25,769 31,036 72,735 (73,583) 30,188 These are monies given to the charitable company to be spent at the discretion of the Board of Trustees for specific charitable purposes Charles Brotherton - Contribution towards core activities. Elizabeth Rathbone Trust - Contribution towards a physical trainer and art and craft facilitator to deliver fitness and art and craft sessions for local older women to improve their well-being and redu isolation. Garfield Weston - Contribution towards the ntre running costs LCC Mayoral Fund - Ace Your Space - Creating Autumnal garden wreaths- resources Gentle Exercise - to pay for fitness instructor sessions LCVS Community Impact Fund - 'Wonderful ways to well-being project, to include benefits of exercise, laughter, leaming, creating, volunteering and socialising through crafts and exercise LCVS Skelton Charity- Contribution towards the volunteer project hub Liverpool City Council Community Resources Grant - Contribution towards core activities and salaries. National Lottery Fund - Contribution towards the Together Tuesda51' activities and salaries and running costs. Steve Morgan - Contribution towards salaries. 9. Related parties There were no related party transactions in the year, neither in the prior year. 10. Operating lease commitments At the reporting end date, the charity had no commitments for future lease payments under non-cancellable operating leases (2023= £nil). 15