**REGISTERED COMPANY NUMBER: 01692937 (England and Wales) REGISTERED CHARITY NUMBER: 513803** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 January 2023** ## **for** ## **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** ## **Contents of the Financial Statements for the Year Ended 31 January 2023** ||**Page**| |---|---| |**Report of the Trustees**|1| |**Independent Examiner's Report**|2| |**Statement of Financial Activities**|3| |**Balance Sheet**|4 to 5| |**Notes to the Financial Statements**|6 to 11| |**Detailed Statement of Financial Activities**|12 to 13| **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** ## **Report of the Trustees for the Year Ended 31 January 2023** The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 January 2022. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 01692937 (England and Wales) ## **Registered Charity number** 513803 ## **Registered office** The Old Police Station 80 Lark Lane Liverpool Merseyside L17 8UU ## **Trustees** Mr Alfred Catterall Mr Alan Albert Moore Mr John David Peers Ms Edna Frances Quantrell ## **Company Secretary** Mr Graham Hale ## **Independent Examiner** Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG Approved by order of the board of trustees on 25 April 2023 and signed on its behalf by: Mr Graham Hale - Secretary Page 1 **Independent Examiner's Report to the Trustees of St. Michaels & Lark Lane Community Association** ## **Independent examiner's report to the trustees of St. Michaels & Lark Lane Community Association ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2023. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible 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 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns 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 reached. Butterworth Barlow Butterworth Barlow Chartered Accountants Prescot L34 3LG 25 April 2023 Page 2 ## **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** ## **Statement of Financial Activities for the Year Ended 31 January 2023** **----- Start of picture text -----**
31.1.23 31.1.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 18,491 92,106 110,597 152,379
Other trading activities 2 43,358 17,019 60,377 41,495
Investment income 3 170 254 424 12
Other income 2,007 - 2,007 -
Total 64,026 109,379 173,405 193,886
EXPENDITURE ON
Raising funds 665 10,704 11,369 12,043
Charitable activities
Governance costs 55,202 110,295 165,497 198,297
Other 2,721 302 3,023 9,935
Total 58,588 121,301 179,889 220,275
NET INCOME/(EXPENDITURE) 5,438 (11,922) (6,484) (26,389)
RECONCILIATION OF FUNDS
Total funds brought forward 120,865 146,422 267,287 293,676
TOTAL FUNDS CARRIED FORWARD 126,303 134,500 260,803 267,287
**----- End of picture text -----**
The notes form part of these financial statements Page 3 ## **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** ## **Balance Sheet 31 January 2023** **----- Start of picture text -----**
31.1.23 31.1.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 8 1,995 92,976 94,971 106,833
CURRENT ASSETS
Debtors 9 - - - 2,300
Cash at bank 126,648 41,524 168,172 159,154
126,648 41,524 168,172 161,454
CREDITORS
Amounts falling due within one year 10 (2,340) - (2,340) (1,000)
NET CURRENT ASSETS 124,308 41,524 165,832 160,454
TOTAL ASSETS LESS CURRENT LIABILITIES 126,303 134,500 260,803 267,287
NET ASSETS 126,303 134,500 260,803 267,287
FUNDS 11
Unrestricted funds 126,303 120,865
Restricted funds 134,500 146,422
TOTAL FUNDS 260,803 267,287
**----- End of picture text -----**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 4 ## **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** ## **Balance Sheet - continued 31 January 2023** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 25 April 2023 and were signed on its behalf by: Mr John David Peers - Trustee The notes form part of these financial statements Page 5 **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** **Notes to the Financial Statements for the Year Ended 31 January 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly 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 - in accordance with the property Fixtures and fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. continued... Page 6 ## **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** ## **Notes to the Financial Statements - continued for the Year Ended 31 January 2023** ## **2. OTHER TRADING ACTIVITIES** **----- Start of picture text -----**
|||| |---|---|---| |31.1.23|31.1.22| |£|£| |Rental income|43,228|29,515| |Other income|17,149|11,980| |60,377|41,495| |INVESTMENT INCOME| |31.1.23|31.1.22| |£|£| |Deposit account interest|424|12| **----- End of picture text -----**
## **3. INVESTMENT INCOME** ## **4. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): **----- Start of picture text -----**
|||| |---|---|---| |31.1.23|31.1.22| |£|£| |Depreciation - owned assets|11,369|12,043| |Hire of plant and machinery|7,073|4,577| |-| |Surplus on disposal of fixed assets|(2,007)| **----- End of picture text -----**
## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022. ## **6. STAFF COSTS** The average monthly number of employees during the year was as follows: **----- Start of picture text -----**
|||| |---|---|---| |31.1.23|31.1.22| |Number of employees|6|6| **----- End of picture text -----**
No employees received emoluments in excess of £60,000. continued... Page 7 **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 January 2023** ## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
46,854
Other trading activities
30,491
Investment income
12
**Total**
77,357
**EXPENDITURE ON**
Raising funds
1,051
**Charitable activities**
Governance costs
74,473
Other
9,935
**Total**
85,459
**NET INCOME/(EXPENDITURE)**
(8,102)
**RECONCILIATION OF FUNDS**
Total funds brought forward
128,967
**TOTAL FUNDS CARRIED FORWARD**
120,865|Restricted
fund
£
105,525
11,004
-
116,529
10,992
123,824
-
134,816
(18,287)
164,709
146,422|Total
funds
£
152,379
41,495
12
193,886
12,043
198,297
9,935
220,275
(26,389)
293,676
267,287| |---|---|---| continued... Page 8 ## **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 January 2023** ## **8. TANGIBLE FIXED ASSETS** |Freehold
property
£
**COST**
At 1 February 2022
335,928
Disposals
-
At 31 January 2023
335,928
**DEPRECIATION**
At 1 February 2022
235,715
Charge for year
9,840
Eliminated on disposal
-
At 31 January 2023
245,555
**NET BOOK VALUE**
At 31 January 2023
90,373
At 31 January 2022
100,213
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
**11.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|Fixtures
and
fittings
£
72,157
-
72,157
66,030
1,529
-
67,559
4,598
6,127
At 1.2.22
£
120,865
146,422
267,287|Motor
vehicles
£
6,563
(6,563)
-
6,070
-
(6,070)
-
-
493
31.1.23
£
-
31.1.23
£
2,340
Net
movement
in funds
£
5,438
(11,922)
(6,484)|Totals
£
414,648
(6,563)
408,085
307,815
11,369
(6,070)
313,114
94,971
106,833
31.1.22
£
2,300
31.1.22
£
1,000
At
31.1.23
£
126,303
134,500
260,803| |---|---|---|---| continued... Page 9 ## **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** ## **Notes to the Financial Statements - continued for the Year Ended 31 January 2023** ## **11. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |Incoming
resources
£
**Unrestricted funds**
General fund
64,026
**Restricted funds**
Restricted fund
109,379
**TOTAL FUNDS**
173,405
**Comparatives for movement in funds**
At 1.2.21
£
**Unrestricted funds**
General fund
128,967
**Restricted funds**
Restricted fund
164,709
**TOTAL FUNDS**
293,676
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
77,357
**Restricted funds**
Restricted fund
116,529
**TOTAL FUNDS**
193,886|Resources
Movement
expended
in funds
£
£
(58,588)
5,438
(121,301)
(11,922)
(179,889)
(6,484)
Net
movement
At
in funds
31.1.22
£
£
(8,102)
120,865
(18,287)
146,422
(26,389)
267,287
Resources
Movement
expended
in funds
£
£
(85,459)
(8,102)
(134,816)
(18,287)
(220,275)
(26,389)| |---|---| continued... Page 10 **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** ## **Notes to the Financial Statements - continued for the Year Ended 31 January 2023** ## **11. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|At 1.2.21
£
128,967
164,709
293,676|Net
movement
in funds
£
(2,664)
(30,209)
(32,873)|At
31.1.23
£
126,303
134,500
260,803| |---|---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|Incoming
resources
£
141,383
225,908
367,291|Resources
Movement
expended
in funds
£
£
(144,047)
(2,664)
(256,117)
(30,209)
(400,164)
(32,873)| |---|---|---| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 January 2023. Page 11 **ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION** ## **Detailed Statement of Financial Activities for the Year Ended 31 January 2023** **----- Start of picture text -----**
31.1.23 31.1.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts 2 -
Appeals and donations 20,085 33,112
Government grants 65,890 92,489
Grants - other agencies 24,620 26,778
110,597 152,379
Other trading activities
Rental income 43,228 29,515
Other income 17,149 11,980
60,377 41,495
Investment income
Deposit account interest 424 12
Other income
-
Gain on sale of tangible fixed assets 2,007
Total incoming resources 173,405 193,886
EXPENDITURE
Other trading activities
Depreciation of tangible fixed assets 11,369 12,043
Charitable activities
Wages & salaries 119,936 128,941
Rent & rates 7,073 4,577
Insurance 3,424 540
Light and heat 9,847 6,131
Telephone 903 1,187
Office expenses 3,766 7,450
Other charitable activities 9,364 28,234
Repairs & maintenance 2,591 8,198
Cleaning 5,556 4,392
Training & subscriptions 402 3,477
Sundry expenses 415 2,997
163,277 196,124
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31.1.23 31.1.22
£ £
Charitable activities
Other
Travelling costs 3,023 9,935
Support costs
Governance costs
Accountancy and legal fees 2,220 2,173
Total resources expended 179,889 220,275
Net expenditure (6,484) (26,389)
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