Company number.. 1461799 Charity number.. 509514 Liverpool Roots Trust Limited IA COMPANY LIMITED BY GUARANTEE) Financial Statements 5 April 2024
Liverpool Roots Trust Limited Report and accounts Contents Page Charity reference and administrative delails Trustees. report Independent examiner's report Statement of Financial Aclivities 2104 Balance sheet .Slalemenl of Cash Flows Notes lo the accounts 910 13 Not for publication.. Detailed profil and loss account 14
Liverpool Roots Trust Limited Charity reference and administrative details Trustees T Gillson P Morgan B R Robinson Secretary A F Cunliffe Independent Examiner Stephen Clayton 45 Rivermeade Soulhport Merseyside PR8 6PR Bankers HSBC 99-101 Lord Slreot Liverpool L2 6PG Sanlander UK plc Cuslomer Service Centre Boolle Merseyside L30 4GB Registered office 36142 Soho Street Liverpool Merseysido L3 8AE Company registered number 1461799 Charity number 509514
Liverpool Roots Trust Limited Registered number: 1461799 Trustees, Report The trustees (whu are also directors of the company for the purposes of company law) present their annual report together with the accounts of the charity for the year ended 5th April 2024. The Iruslees have adopted the provisions of the Slalement of Recommended Practice {SORP} Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and accounts of the charity. The accounts have been prepared in accordance with the accounting policies set aul in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Slalement of Recommended PraGlice applicable lo eharilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland published on 16th July 2014 (as amended by Update Bulletin 1 published on 2nd February 20161 Objectives and activities The Gompany's principal activity during the year continued lo be Ihal of a Day Resource Centre for persons who have social and mental health problerns The charity is organised so that the trustees meet regularly to manage ils affairs, There is a full lime manager. one parl lime assistant plus a nurnber of volunteers who run and administer Ihe day centre. Trustees The following persons have served as trustees of the charity during the year,, T Gillson P Morgan 8 R Robinson Public benefit The Iruslees have had due regard lo Ihe guidance published by the Charity Commission on public benefit. Chairman's Report Due to repealed cul backs In Government spending the Voluntary Sector is once again left with Ihe ongoing dilemma of coping with reduced funding, which conlribules lo the present Menlol Health service provision crisis. New slralegies, including short-lerm, quick fix, light touch policies often achieve very little in the way of improved sustained well-being for anxious and at limes frustrated serviGe users who require stability 8nd a fuller understanding of their problems. The way forward has lo be to focus on allempiing io enhance peoples motivation lo progress, through encouragement, and the nurturing of confidence by proficient and dedicated slafl. Unforlunalely, this is something thèl Gan be achieved via a succession of strictly limited lo six lo 12 week session programmes, Clearly there is, more than ever, the need for the type of specialist services offered by the Voluntary Sector which has consistently played a key role, mainly in response to failures of slalulory provision, in filling the gaps in services. Over many year5, with the help and support Liverpool City Council's funding, we have been able lo contribute greatly in the provisiDn of quality mental health services in our local ?rea.
Liverpool Roots Trust Limited Registered number: 1461799 Trustees. Report Over recent years Roots has moved away from centre based services and successfLJlly dgve-lailed with other providers in order lo offer opporlunilies to the wider community. We continue to be very well received at the Joseph Lappin Centre in Old Swan Liverpool where we offer a number of programmes and advice on any number of queries.. an opportunity many individuals have found to be invaluable. We have learril through our experience that people are desperate for help and guidance, particularly with the present shortages and long waiting lists for rnental hoalth consultation. Lonelirvess is often an issue and can have serious mental health and physical complications can often worsen if ignored. For the future we remain upbeat and confldent that we will to continue to be strongly committed to promoting personal independence for OLtr service users, through the professional support, encouragement and guidance of our staff team. Or)ce again, I would like to take this opportunity lo express my appreciation lo the Centre Manager, Ann Cunliffe, and her staff for their unfaillng efforts in achieving oulslanding results during which has been i4nother challenging year. The cenlre's reputation for excellence is entirely down lo their dedication and hard work. Financial revlew The accounts show lolal in¢ome for the year amounting to £73,016 {2022'. £72,484). Total expenditure for Ihe year amounted [0 £64,66512023'. £68,821). As a result, the accounts show a surplus of £8,351 12023,, £3,663) in¢reasing. unreslricled fiinds al 5th April 2024 10 £104,06712023.. É95,7161. Rcserves policy The present level of reserves is considered adequate to support the Continuation of the day Lentro for the m edium term and the Iruslees consider tho financial position of the charity lo be salisfaclory. Governlng document The charily is a company limited by guarantee and was incorporated on 19th November 1979. 11 was registered as a charity on 74th February 1980 and is governed by ils Memorandum and Articles of Associalion. Risk management The trustees have assessed the major risks to whlch the charity is exposed and have taken steps lo miligale those risks to an acceptable level. Trustees respon5ibililies in relation to the financial statements The Iruslees (who are also directors of Liverpool Roots Trust Limited for Ihe purposes of company law) are responsible for preparing the Trusteès, Annual Report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Slancsards (United Kingdo Generally Accepted Accounting Praclice).
Liverpool Roots Trust Limited Registered number: 1461799 Trustees, Report Company law requires the trustees lo prepare financial statements for each financial year, which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resource9, including the income and expenditure, of the charitable company for that year. I n preparing ihose financial slalements the Iruslees are required to-. {91 select 5Ultable accounting policies and then apply them consistently,. Ib} observe the methods and principles in the Charities SORP., (cl make judgements and eslimales that are reasonable and prudent., (dl prepare the financial statements on a going conc.ern basis unless it is inappropriate lo assume that the charity will continue to operate. The Iruslees are responsible lor keeping adequate accounting records which disclose, with reasonable accuracy al any lime, the financial position of the charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardir¥g the assels of the charity and hence for taking steps for the prevention and detection of fraud and other irregularilies. Approval This report was approved by the Board of Trustees on 20 December 2024 and signed on its behall. 8 R Robinson Chairman
Liverpool Roots Trust Limited Independent examiner's report to the trustees of Liverpool Roots Trust .Limited for the year ended 5th April 2024 Charity no: 509514 Company no: 1461799 I report to the trustees of the charity on my examination of the accounts of the company for the year ended 5th April 2024 which are set out on pages 6 10 13. Responsibilities and basis of report As trustees of the charity land dire¢lor5 for the purp05es of company lawl you are responsible for the preparatian of the accounts in accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act'i. Having satisfied myself that the accounls of the company are not required to be audited for this year under Part 18 of the 2006 Act and arè eligble for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 1.the 2011 Acl'j. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5llb) of the 2011 Act. Independent examiner's statement I have completed my examination and confirm that no material matters have come to my allenlion which 9ives me cause lo believe that: accounting records were not kept in ?ccordance with section 386 01 the 2008 Act., or the accounts do not accord with such records.. or the accounts do not comply with the relevant accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which is not a maller considered as part of an independent examination., or the accounts have not been prepared in accordance with the Charities SORP IFRS 102) I have no concerns and have come across no other mallers in connection with the examination to which allenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Stephen Clayton FCCA 45 Rivermeade Soulhport Merseyside 20 December 2024
Liverpool Roots Trust Lirnited Statement of Financial Activities for the year ended 5 April 2024 Summary Income and Expenditure Account Unrestricted funds 2024 Notes 2023 Income from: Charitable activities Investments Other 72.381 635 1Q3 Total income 73,016 Expenditure on: Charitable activities 64,665 68,821 Total 8xpenditure 64,665 68,821 Net income for the year 8,351 3,663 Total funds brought forward 95,716 92.053 Total funds carried forward 104,067 95,716 All income and expenditure relales to continuing operations. The Slalemenl of Financia5 Aclivi1Ses includes all gain5 and losses recognised during the year.
Liverpool Roots Trust Limited Registration number.. Balance Sheet as at 5 April 2024 1461799 Notes 2024 2023 Fixed assets Tangible assets 10.231 1Q,308 Current assets Debtors Cash in hand Cash at bank 10 7,853 68 89,153 97,074 112 79,747 93,182 Creditors.. amounts fallin9 due within one year (3,2381 17,7741 Net current asset5 93,836 85,408 Net asset5 104.087 95,716 Funds Unreslricled funds 104,067 95,716 Total funds 104,067 95,716 The directors are satisfied that the company is enlilled lo exemption from the requirement lo obtain an audit urider section 477 of the Comp8nies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Acl. The directors a¢knowledge their responsibilities for complying wilh the requirements of Ihe Companie5 Act 2006 with respect to accounting records and the preparation of accounts, Approved by the trustees on 20 December 2024 and authorised for issue and signed on their behalf by.. B R Robinson Director
Liverpool Roots Trust Limited Statement of Cash Flows Year ended 5th April 2024 Notes 2024 2023 Net cash flow from operating activiti8S 8,727 13661 Cash flow from investing activities Interest receivable Received on sale of fixed assets Purchase of fixed gssels Net Gash flow from investing activities 635 103 635 103 Net increase l (decrease) In cash and cash equivalents 9,362 (2631 Cash and cash equivalents at start of the year 79,859 80,122 Cash and cash equivalents at end of the year 89.221 79.859 Cash and cash equivalents comprise.. Cash al bank Cash In triand 89,753 68 79,746 112 89,221 79,858
Liverpool Roots Trust Limited Notes to the Accounts for the year ended 5 April 2024 Accounting policies The charity conslitules a public benefit entity as (Jefined by FRS 102. The financial statements have been prepared in accordance with Accovnling and Reporting by Charities. Statement of Recofflmended Practice applicable lo charities pre.paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16th July 2014 las updated by Update Bulletin 1 published on 2nd February 20161, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements have been prepared on a going concern basis and under the historical cost convention, The financial statements have been prepared in sterling which is the functional Gurrency of the charity and rounded to the nearest pound. The significant accoullling policies applied i n the preparation of these financial slalemenls are Sel out below. These policies have been consi51ently applied lo all years presented unless otherwise slated. Funds Unreslricled fLinds are available for use al the discretion of the Iruslees in furtherance of the general objectives of Ilie charily and which have nol been designated for other purposes. Income recognition All incoming resources are included in the Statement of Financial Activities {SoFA) when tho charity is legally enlilled lo the iiicome after any performance conditions have been mel, Ihe aniounl can be measured reliably and il is probable thai the incom e will be recelved. No amount Is included in the financial stalernenls for volunleer time in line with the SORP IFRS 1021. Further detail is given in Ihe Trustees, Annual Report. For donations lo be recognised the charily will have been notified of the amounts and the selllpmenl dale in writing. If there are conditions attached to the donation and this requires a level ol performance before entillemenl can be obtained then income is deferred until those conditions are fully mel or the fulfilmenl ol those conditions is wilhir) the control of the charily and it is probable Ihat they will be fulfilled. Income from charitable activities includes income received urlder contract or where entitlement lo grant funding is subje¢t to special performance conditions and is recognised as earned as the relaled services are provided. Grant income illcluded in this category provides f und ing lo support performance aclivilies and is recognised when there is entitlement, certainty ol receipt and the amounts can be measured with sufficient reliability. Inveslmenl income is earned Ihrou9h holding assets for investment purposes such as bank deposils.ll essentially includes interest which is recognised using the effective intèrest method.
Liverpool Roots Trust Limited Notes to the Accounts for the year ended 5 April 2024 Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related lo the category. Expenditure is recognised where there is a legal or constructive obligation lo make payments lo third parties. it is probable that the selllement will be required and the amount of the obligation can be measured reliably. 11 is oalegorised under the following headings.. Expenditure on charitable activities includes costs associated with provision of a day resource centre for persons who have social and menl&l health problems. Irrecoverable VAT is charged as an expense against the activity for which the expendllure arose. Support costs allo¢ation Support costs are those costs that assisl the work of the charity but do not directly represent charitable activities and includes office costs, governanGe costs and administrative payroll costs. They are incurred directly in support of exponditure on the objects of the charity and include project management carried out at the charity's gIStered office. Tangible fixed assets Tangible fixed assets are measiired at cost less accum uia15ve depreciation and any accumulative impairment losses. Cost includes costs directly allribulable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets at rates calculated lo write off the cost, less eslimaled residual value, of each asset on a syslemalic basis over ils expected useful lilo, as lollows., Buildings Equipment 5¢/0 slraighl line 25¢/0 reducing balance The building has been wrillen down to ils eslimaled land value of £ l O,OQO. No further depreciation is lo be provided on this asset, Debtors receivable l Greditors payable wlthin one year Debtor5 and creditors with no slated interest rale and receivable or payable within one year are recorded at transaction price. Any loss arising from impairment is recognised in expenditure. Tax The charity is an exempt charity within the meaning of the Charities Act 2011 and Is considered to meel the definition of a Gharilable company for UK corporation lax purposes. Cash and cash equivalents Cash and cash equivalents include cash in hand and other short Lerm liquid inveslmenls.
Liverpool Roots Trust Limitèd Notes to the Accounts for the year ended 5 April 2024 Going Concern Movjng lorward from Covid, the Charity continues lo operate ils services within the city's communities, for thè benefit of its residents, It is anticipated that Liverpool City Council will continue its undertaking to approve a further 12 month contract lo financially cover some of the Trust's operational needs. Al the lime of approving the accounts, the Trustees have reasonable expectation Ihal the Charity has 8dequate resources to continue ils operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the fjnancial statements. VAT The company is exempl for VAT purposes, theref.ore the figures shown in the accounts are included as gross. 2 Income from charitable activities 2024 2023 Grants receivable 72,381 72,381 72,381 72,381 3 Income from investments 2024 2023 Inlerest receivablo on cash deposits 635 103 635 103 4 Analysis of expenditure on charitable activities 2024 2023 Activities undertaken dlrectly: Heal and light Repairs and maintenance Staff and tu ilion costs Room hire Motor expenses Insurance, security and water charges Other day cenire running costs 2,708 841 49,951 842 474 3,811 4,041 1,241 4,787 50,427 260 4,051 5,739 62,668 66,918 Support C05ts'. Depreciation Governance costs (see note 5} 103 1,800 1,903 1,920 1,997 Total expenditure cn charitable activities 64,665 68,821 11
Liverpool Roots Trust Limited Notes to the Accounts for the year ended 5 April 2024 S Governance costs 2024 2023 Independent examiners costs 1,920 1,800 6 Net income for tho year This is stated after charging., Depreciation of tangible fixed assets Profit on disposal of fixed assets Independent examiners costs 2024 2023 77 103 1,920 1,800 7 Staff costs and employee benefits 2Q24 2023 Wages and salaries Benefits in kind Social security costs Other pension costs 49,101 49,107 470 850 50,427 850 49,951 No employee received lolal benefils at the rale of £80,00012023.. £60,000), or more per annum, The average number of employees during the year was 2 (2023.- 21. 8 Trustees, and key management personnel remuneration and expenses Under a provision in Ihe company's Memorandum of Associalion, Mr. B R Robinson, a trustee of the charity, was paid £14, 54912023.. £14, 5491 during the year for services rendered lo the charity. The Iruslees did not have any expenses reimbursed during the year12023.' £nil}. The lolal amount of employee benefits received by key management personnel in the year was £34,552 12023.. £34,558). The trust considers ils key management personnel to comprise the Centre Manager, 9 Tangible fixed assets Plant and machinery etc Land and buildin95 Total Cost Al 6 April 2023 Al 5 April 2024 27,997 27,997 580 28,577 28,577 580 Depreclation Al 6 April 2023 Charge for the year Al S April 2024 17,997 18,269 77 17,997 349 18,346 Net book valve Al 5 April 2024 10,000 231 10,231 At 5 April 2023 10,000 308 10,308
Liverpool Roots Trust Limited Notes to the Accounts for the year ended 5 April 2024 10 Debtors 2024 2023 Accrued income Prep8ymenls 6,032 1,821 7,853 12,064 1,259 13,323 11 Creditors: amounts falling due within one year 2024 2023 Trade creditors Taxation and social security costs Accruals and deferred income 166 2,221 3,238 2,403 5,371 7.774 12 Pension commltments The charity operates a defined contribution pension scheme for its employee5. The assets of the scheme are held separately from those of the charlty in an independenlly administered fund. The pension cost charge in these accounts comprises conlribulions paid by the charity to the defined contribution scheme, which amounted lo £85012023.. £850>- 13 Related party transactions There were no related party transactions during Ihe year12023: £nill. 14 ReGonciliation of net Income for the year to net cash flow from operating activities. 2024 2023 Nel income for the year 8,351 3,663 Interest receivable Deprecialion of tangible fixed assets Profil on disposal of fixed assets Decrease l {increasel in debtors (Decrease) l i ncr88se in creditors (6351 77 (1031 5,470 {4,5361 (6.131) 2,102 Nel cash flow from operating activities 8,727 13661