THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Charity Registration No. 503964
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION CONTENTS Page Trustees. Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 The Trustees are pleased to present their annual report for the year ended 31 $1 March 2025. The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published (FRS 102) (effective 1st January 2019). OBJECTIVES AND ACTivrriES Constitution and objects The principal activities of the charity are the promotion of older people activities, adult education and enhancing people's lives in the local area. The Community Centre offers an accessible. welcoming and friendly venue with a wtde range of activities such as senior citizens groups, health and well-being events, leaming circles, informal learning, senior citizens social activities, craft groups. artsllT projects, light exercise sessions, signposting service, user groups. a meeting place and community resource for all local residents, groups. Public Benefit 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 contribute to the aims and objectives they have set. ACHIEVEMENTS AND PERFORMANCE During the year the charity has obtsined grants from the local authority and National Lottery Community Fund for core costs and has continued with its main activities the results of which can be seen in the following statements. The charity 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. Grants were obtained to provide fftness and recreation activities at the centre. as well as funding to improve the outside space at the rear of building. The charity celebrated its 50th year with a series of activities, which culminated in a successful, well attended celebration event. The charity is in the final year of a three-year National Lottery Fund grant as well as support from Live001 City Council Funding. FINANCIAL REVIEW Total income for the year was £80,093 (2024: £73,141) of which £75,326 (2024: £70,589) related to funding for projects upon which restrictions are placed. Total expenditure for the year was £78,891 (2024: £81,289), leaving a surplus for the year of £1,202 (2024: deficit £8,148). At 31st March 2025 the chariws reserves stood at £469,938 (2024: £287,537) of which £32,321 (2024: £24,912) represented restricted funds.
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 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 funds, 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 £437,617 (2024: £262,625) of which £403,960 (2024: £230,229) is represented by fixed assets, leaving surplus free reserves of £33,657 (2024: surplus £32.396). The charity has set aside designated funds of £29,026 which ComlseS of redundancy provision of £23.170 plus three months running costs (without salary costs) £5,856. PLANS FOR THE FUTURE The charity 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 SUPPOTL STRUCTURE, GOVERNANCE AND MANAGEMENT The Orrell Park and District Community Association is a registered charity, number 503964 formed on 18th July 1975. The Goveming Document is a constitution adopted on 11 th November 1974 and amended 31SI July 2022. The Orrell Park & District Association a charitable company limited by guarantee. incorporated on 14th February 2006 (Company number 005708769), and registered as a charity on 5th August 2003 (Charity number 1098868) is dormant since incorporated. 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 notice 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 infonnation regarding the charity including previous years financial information, offIrS, reports. and organisational structure. They obtsin training by experience of various functional committee meetings.
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Name The Orrell Park and District Community Association 503964 Charity Number Address & 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 PLC Aintree, Black Bull Branch Comer of Longmoor Land and Cedar Road Liverpool L9 8AJ Signed on behalf of the Trustees Rut Nuttall - Trustee Date
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ORRELL PARK AND DISTRICT COMMUNrrY ASSOCIATION I report on the accounts of the charity for the year ended 31st March 2025 which are set (iut on pages 5 to 16. Res ective res onsibilities of trustees and examiner The charitys trustees are responsible for the preparation of the accounts. The charis 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 prOdureS laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state vthether 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 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 conceming any such matters. The prOdureS undertaken do not provide all the eviden 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 statement below. Inde endentexaminerfs 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 of the Charities Act: to prepare accounts which accord wtth 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 Stree¢ L2 2AH Dated:
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 Notes Unrestricted Funds Restricted Funds Total Funds Total Funds 2025 2025 2025 2024 Income and endowments from: Donations and legacies Charitable Activities Investments Other Income 2a 2b 2c 2d 2,664 1,678 233 192 2,664 77,004 233 192 827 71,544 220 550 75,326 Total income 4,767 75,326 80,093 73,141 Expenditure on: Charitable activities 10,974 67.917 78,891 81,289 Total expenditure 10.974 67,917 78.891 81.289 Net {expenditure)lincome, (6,207) 7,409 1,202 (8,148) Gain on revaluation of fixed assets 181,199 181,199 Net movement in funds 174,992 7,409 182,401 (8,148) Total funds brought forward 262,625 24,912 287,537 295,685 Total fvnds carried forward 437,617 32.321 469,938 287,537 The notes on pages 7 to 16 form part of these accounts. All the above amounts relate to continuing activities of the charity.
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31ST MARCH 2025 Notes 31st March 2025 31st March 2024 Fixed assets Tangible fixed assets 405,461 232,105 Current assets Debtors Cash at bank and in hand 443 65,998 485 56,943 66,441 57,428 Current liabilities Creditors: amounts falling due within one year (1,964) (1,996) Total assets less current liabilities 64.477 55,432 Net assets 469,938 287,537 Funds: Unrestricted funds Restricted funds 437,617 32,321 262,625 24,912 469,938 287.537 The financial ststements were". 31IIIL< Approved by Trustees on ......................, and signed on their behalf by: Ruth Nuttall - Trustee Date
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 1. Accounting Policies Basis of accounting The financial statements have been prepared in accordan with the Statement of Recommended PraCtI- Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndard 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 St January 2019) and Charities Act 2011. The accounts are prepared in sterfing, 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 concern 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 charty'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 certainty of receipt and so it is probable that the income will be received, and the amount of income re1vable can be measured reliably. Donations and legacies comprise of donations and general grants which are recognised in the accounts when received, with the exception of known legacies which are accounted for when their receipt is certain. Income from charitable activities is recognised on an accrual's basis except for grants receivable. which are recognised on the date on which their unconditional payment is confirnied by the donor. Income from invesbnent relates to bank interest reiVed and is recognised when the amount is certain. Income received on funds for a specific purpose is allocated to that fund were material. Other Income relates to rental income and gains on disposal of tangible asset and is recognised when the amount is certain. Commitments under nonwcancellable operating leases Commitments under non-cancellable operating leases are charged to the Statement of Financial Activities when payable.
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Fixed Assets Depreciation is provided to write off the cost of each asset over its expected usefvl life as below: Freehold Propety Computer Equipment Play Equipment 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 basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and govemance costs are applied to unrestricted funds unless specifically included in the restiictions, as specified by the donor. Expenditure on charitable activities relates to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charitable company. Support and governance costs relate to the management and operats'on of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are deaft 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 V1th banks, other short- temi 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. Financial instruments are recognised in the diaiitys balan sheetwhen the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settte on a net basis or to realise the asset and settle the liability simultaneously. 2 /0 per annum straight line basis 20 /0 per annum reducing balance basis 20 % per annum reducing balance basis 200/0 per annum reducing balan basis
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Basic financial assets Basic financial assets, which include debtors and cash and bank balanTrs, are initially measured at transaction price including transaction costs and are subsequenuy 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 fvture 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 receipts discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the chariws 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 SoUrs. 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 fvture periods. All expenditure is accounted for on an accrual basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions. as specified by the donor. Cost of charFtable activities relates to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charity. Support and govemance costs relate to the management and operation of the organisation and 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 chartty Taxation Income and gains are exempt from taxation as they are received 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 AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 2. Income and endowments from . Donations and Legacies Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Donations General grants 827 2,664 2,664 2,664 2,664 827 Donations and legacies income for year end 2024 related wholly to unrestricted fund. b. Charitable activities Charles Brotherton Trust Classes Eleanor Rathbone Charitable Trust Elizabeth Rathbone Chaiitable Trust LCVS Community Impact Fund Liverpool City Council - Community Resources Grant National Lottery Community Fund Refreshments Skelton Charity 275 275 1,647 1,200 225 955 1.647 1,200 1,450 1,450 1,500 5,000 2,500 2,500 69,901 69.901 62,879 31 31 985 1.678 75.326 77,004 71.544 Income from Charitable Activities for year end 2024 comprised £955 unrestricted funds and £70,589 related to restricted funds. c. Investments Bank Interest 233 233 220 Income from investrnents for year end 2024 related wholly to unrestricted funds d. Other Income Rent Income 192 192 550 Other Income for year end 2024 related wholly to unrestricted funds. 10-
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 3. Expenditure on charitable activities Direct Support & Charitable Governance Expenditure Costs Total 2025 Total 2024 The promotion of older people aGtivities, adult education and enhancing people's lives in the local area. 73,904 4,987 78,891 81,289 analysed as follows: 2025 2024 Direct charitable expenditure.. Staff salary costs Pension Premises cost Exercise Rent, rates and telephone Utilities Grant activities Depreciation 53,864 1.041 1,283 945 2,170 5,520 1,245 7,836 53,533 1,001 4,448 500 1,841 7,357 2,791 5,527 73.904 76,998 Support & govemance costs." InsuTan Training Printing, postage and stationery Sundries Payroll fees Volunteer expenses Travel costs Loss on disposal of Fixed Asset Accountancy 1,593 340 603 1,213 415 299 14 563 677 560 781 1,099 1,110 4,987 4,291 Total expenditure on charitable activities 78,891 81.289 £67,917 (2024: £75,865) of trie above expenditure is restricted expenditure.
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 b. Staff Costs 2025 2024 Gross wages and salaries Pension 53,864 1,041 53,533 1,001 54.905 54.534 Particulars of employees: The average number of employees during the year 3 (2024: 3), and calculated on the basis of full-time equivalents, was as follows". 2025 2024 Administration No out-of-pocket expenses were reimbursed to Trustees in the year (2024: £nil) 4. Tangible fixed assets Freehold Play Computer Fixtures & Property Equipment Equipment Fittings Total Cost and revaluation Balance at 1 st April 2024 250,000 Revaluation 181,199 Disposals 6,654 2,920 20,684 280,258 181,199 (1,000) (1,000) Balance at 31st March 2025 431,199 6.654 1.920 20,684 460,457 Depreciation: Balance at 1s1 April 2024 Charge for the year Disposals 20,000 7,416 6,633 1,618 259 (993) 19,902 157 48,153 7,836 (993) Balance at 31st March 2025 27,416 6.637 884 20,059 54,996 Balance at 315t March 2025 403,783 17 1.036 625 405,461 Balance at 31 sl March 2024 230,000 21 1,302 782 232.105 The freehold propety has been revaluation is as per the Insuran dated 16th July 2024. 12-
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 7. Debtors 2025 2024 Prepayments 443 485 6. Creditors: amounts falling due within one year 2025 2024 Accruals Tax and social security Pension 1.239 523 202 1.244 550 202 1,964 1,996 7. Analysis of Net Assets between Funds Freehold Tangible Net Current Property Fixed Assets Assets Year end 2025 Total Unrestricted Funds General Fund Designated reserves 403,783 177 4,631 29,026 408,591 29,026 403.783 177 33,657 437,617 Restricted Funds Charles Brotherton Trust Eleanor Rathbone Charitable Trust Elizabeth Rathbone Charitable Trust National Lottery Community Fund 598 598 1,200 1,200 154 154 1,501 28,868 30,369 1,501 30.820 32,321 Totals 403,783 1,678 64,477 469,938 13
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Year end 2024 Freehold Tangible Net Current Property Fixed Assets Assets Total Unrestricted Funds General Fund Designated reserve 230,000 229 4,222 28,174 234,451 28,174 230.000 229 Restricted Funds Charles Brotherton LCVS Community Impact Fund Liverpool City Council Community resources grant National Lottery Community Fund 32,396 262,625 721 721 1,500 1,500 61 61 1,876 20,754 22,630 1,876 23,036 24,912 Totals 230,000 2,105 55,432 287.537 Unrestricted Funds Reserves at Beginning Movements in the Year Gain on Revaluation Reserves Year end 2025 at End of Year of year Income Expenditure Transfer of fixed assets General Fund Designated Fund 234.451 4.767 (10,974) 181,199 (852) 408,591 28,174 852 29.026 262,625 4,767 (10,974) 181,199 437,617 Reserves at Beginning of year Movements in the Year Reserves at End of Year Year end 2024 Income Expenditure Transfer General Fund Designated Fund 238,151 27,346 2,552 (5.424) (828) 828 234,451 28,174 265,497 2,552 5,424 262,625 General Fund - This fund is used to finan the tharity's general activities and core costs outlined in the trustees. Report 14-
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Designated Fund - comprises a provision for redundancy provision and three months running costs. See reserves note for breakdovm. 9. Restricted Funds Year end 2025 Reserves Movements in the Year at Beginning Income Expenditure of Year Reserves at End of Year Charles Brotherton Trust Eleanor Rathbone Charitable Trust Elizabeth Rathbone Charitable Trust LCVS Community Impact Fund Liverpool City Council - Community Resources Grant National Lottery Communty Fund 721 275 (398) 598 1,200 1,200 1,450 (1,296) 154 1,500 (1,500) 61 2.500 (2,561) 22,630 69,901 (62,162) 30,369 24,912 75,326 (67,917) 32,321 Reserves Movements in the Year at Beginning Income Expenditure of Year Reserves at End of Year Year end 2024 Charles Brotherton Trust Elizabeth Rathbone Charitable Trust Garfield Weston Foundation LCVS Community Impact Fund Liverpool City Council - Community ReSoUrS Grant National Lottery Community Fund Skelton Charity 803 225 (307) (1,500) (2,116) 721 1,500 2,116 1.500 1,500 5.000 (4,939) 61 25,769 62,879 (66,018) (985) 22,630 985 30.188 70.589 (75,865) 24.912 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 Trust- Contribution towards core activities. Eleanor Rathbone Charitable Trust - Contribution towards 'Ace our Space, project 15
THE ORRELL PARK AND DISTRICT COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Elizabeth Rathbone Charitable 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 reduce isolation. Garfield Weston Foundation- Contribution towards the ntre running costs LCVS Community Impact Fund - 'Wonderful ways to well-being project, to include benefits of exercise, laughter, learning. creating. volunteering and socialising through crafts and exercise Liverpool City Council Community Resources Grant - Contribution towards core activities and salaries. National Lottery Community Fund - Contribution towards the "Together Tuesday. activities and salaries and running costs. Skelton Charity- Contribution towards the volunteer project hub. 9. Related parties There were no material related party transactions during the year which require disclosure. (2024: None) 10. Operating lease commitments At the reporting end date, the charity had no commitments for future lease payments under non-cancellable operating leases (2024: £nil). 16