REGISTERED COMPANY NUMBER: 016929371England and Wales) REG15TEAED CHARITY NUM8ER: 513803 Report of the Trustees and Unaudlted Flnanclal Statements for Ihe Year Ended 31 January 2024 for ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION P#utterworth Barlow Chartered Accountants Butter•VOrth Barlow House 10 Oerby Street Prescot Merseyside L34 3LG
ST. MICHAELS & LARK LANE COMMUIIITY ASSOCIATION Contents of the Flnanclal Statement5 for the Year Ended 31 January 2024 Pa8e Report of the Trustee5 Independent ExamSner's Report Statement of Flnanclal Actlvftles Balance Sheet Notes to the Flnanelal Statements 6 to 11 Detalled Staternent of Flnanclal Actlvltles 12 to 13
St. MICHAELS & LARK LANE COMMUNITY A550CIATION Report of the Trustees for the Ye?r Ended 31 January 2024 The trustees, who are directors for the purposes of company law, present the annual report together with the finonclal 5tatement5 of the charltable company for the year ended 31 January 2024. STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its 8overnin8 document, a deed of trust, and constitutes a limited company, limited by 8uarantee, as defined by the Companies Act 2006. REFERENCE ANO ADMINISTRATIVE DETAILS Ileglstered Company nurnber 01692937 {£n8land and Wale5) Reglstered Charlty number 513803 Re8lstered offSce The Old Police Station 80 Lark Lane Liverpool Merseyside L17 8UU Trustees Mr Alf red Catterall Mr Alan Albert Moore Mr John Davld Peers M5 Edna Frances Quantrell Company Secretary Mr Graham Hale Independent Examlner Butterworth 8arlow Chartered Accountants Butterworth 8arlow House 10 Derby Street Prescot Merseyside L34 3LG Approved by order of the board of trustees on . . and signed on its behalf by: Mr le - Secretary Page I
Independent Examlner's Report to the Trustees of SL Mlchaels & L•rk Lane Communlty Assoclatlon Independent examlner's report to the trustee5 of St. Mithaels & Lark Lanè Communlty Assoclatlon {*he Company,) I report to the charity trustees on my examination of the account5 of the Company for the year ended 31 January 2024. Responsibilities and b4515 of report As the charSty's trustees of the Company (and also Its dlrectors for the purposes of company law) you are responsible for the prepa ration of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfted myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are elS8ibJe for independent examination, I report in respect of my examination of your charity's accounts as carried out under Sectlon 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Dirertions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlner'5 Statement I have completed my examlnation. I conflrm that no matters have come to my attentlon In connection wlth the examlnation giving me cause to believe: accounti ng recofd5 were not kept in respect of the Company as requi red by Sertion 386 of the 2006 Act; or the accounts do not accord with those records; or the accounts do not comply with the accountin8 requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair vlew which Is not a Matter consldered as part of an independent examination. or the accounts have rsot been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities {applicable to charities preparin8 their accounts in accordance wlth 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 examinatlon to whlch attentlon should be drawn In this report in order to enable a proper under5tandln8 of the accounts to be reached. 8utterworth Barlow Butterworth Barlow Chartered Accountants Prescot L34 3LG 2710912024 Page 2
sr. MICHAELS & LARK LANE COMMUN AssoaATION Statement of Flnanclal Artlvltles for the Year End.ed. 31 Janu4ry 2024 31.1.24 Total funds 31.1.23 Total funds Unrestrltted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donalions and legacies 34,376 101,414 135,790 110,597 Other trading activitie5 Investment income Other income 51,044 1,684 21.642 72,686 1,684 60,377 424 2,007 Total 87,104 123,056 210,160 173,405 EXPENDITURE ON Raislng funds 541 10.491 11,032 11,369 Charltable 3ctlvltles Governance costs Charitable activltles 2,340 94,327 2,340 199,346 2,220 163,277 105,019 Other 2,135 145 2,280 3,023 Total 99,343 115,655 214,998 179,889 NFf INCOMEI(EXPENDITURE) (12,239) 7,401 (4,838) (6,484) RECONCILIATTrON OF FUNDS Total funds brought forward 126,303 134,500 260,803 267,287 TOTAL FUNDS CARRIED FORWARD 114,064 141,901 255,965 260,803 The notes form part of these flnanclal statements Page 3
ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION Balance Sheet 31 January 2024 31.1.24 Total fund5 31.1.23 Total funds Unrestricted fund Restricted fund Notes FIXED A55ETS Tanglble assets 1,958 82,485 84,443 94,971 CURRENT ASSETS Cash at bank 114,446 59,416 173,862 168, 172 CREDITORS Amounts falling due wlthjn one year {2,340) (2,340) 12,340) NET CURRENT ASSErs 112,106 59,416 171,522 165,832 TOTAL ASSETS LESS CURRENT LIA8ILmES 114,064 141,901 255,965 260,803 NET ASSETS 114,064 141,901 255,965 260,803 FUNDS Unrestricted funds Restricted fndS 10 114,064 141,901 126,303 134,5C TOTAL FIINDS 255,965 260,803 The charitable company Is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024. The members have not requlred the cornpany to obtaln an audit of Its financial statements for the year ended 31 January 2024 tn accordance with Settion 476 of the CornpanSes Act 2006. The trustees acknowled8e their responsibi lities for (a) ensurSng that the tharltable company keeps accountlfi8 records that Comply with Sections 386 and 387 of the Companies Act 2006 and preparin8 financial statements which give a true and fair view of the state of affairs of the charitable cornpany as at the end of each financial year and of its surplus or deficit for each financial year In accordance with the requirernents of Sections 394 and 395 and whlch otherwlse cornply wlth the requirement5 of the Companies Act 2c)6 relating to financial staternents, so far as appllcable to the charltable company. (b) The notes form part of these financial statements Page 4 contlnued...
ST. MICHAEL5 & LARK LANE COMMUNITY ASSOCIATION Balance Sheet - contlnued 31 January 2024 These flnanciat statèmènts have been prepared in accordance with the provls5ons appllcable to charitable compènles subject to the small companles re8ime. 131 statements were approved by the Board of Tnjstees and authorised for Issue on u.f9.14 . and were 51gned on Its behalf by: Mrj 'd Peers - Trustee The note5 form part of these financial statements Page 5
ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION Notes to the Flnanclal Statements for the Year Ended 31 January 2024 ACCOUNTING POLICIES Basls of preparlng the flnanclal ststements The financlal statements of the charitable company, whlch Is a public beneflt entlty under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charlties: Statement of Recommended Practice appll¢able to charities preparin8 their accounts in accordance wlth the Financiatr Reportlng Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financial Reportin8 Standard 102 'The Financial Reportin8 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 .Al l income is reco8nised in the Statement of Financial Activities once the charity has entitlement to the funds, Itls probable that the income will be recelved and the amount can be measured rellably. Expendlture Llabilities 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 benefit5 will be required in settlement and the amount of the obllgatlon can be measured rellably. Expenditure Is accounted for on an accruals basis and has been classifled under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actlvlties on a basls consistent with the use of resources. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estlmated useful I Ife. Freehold property Flxtures and fittlngs in accordante wSth the property 25% on reduclng balance Taxatlon The charity Is exernpt from corporation tax on Its charitable activlties. Fund accountin8 Unre5trlcted funds can be used In accorda nce wlth the cha rltable objectlves at the discretion of the trustees. Restrlcted funds can only be used for partlcular restrScted purposes withsn the objects of the charSty. 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. Hlre purchase and leasing cornmltments Rentals pa5d under operatSng leases are charged to the Statement of Flnanclal Actlvities on a straight tlne basis over the period of the lease. Pa8e 6 contSnued..
ST. MICHAELS & LARK LANE COMMUNtrY ASSOCIATION Notes to the Flnanclat Statements - contlnued for the yea.r Ended. 31 janu.ary 2024 OTHER TRADING ACTIVITIES 31.1.24 31.1.23 Rental income Other income 50,890 21,796 43,228 17,149 72,686 60,377 INVESTMENT INCOME 31.1.24 31.1.23 Deposlt account Interest 1,684 424 NET114COME/(EXPENOITURE) Net Income/(expenditure) is stated after char8ingl(creé ItlnB}: 31.1.24 31.1.23 Depreciation - owned assets Hire of plant and machinery Surplus on disposal of fixed assets 11,032 8,284 11,369 7,073 {2,007) TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023. Trustees, expenses There were no trustees, expense5 pald for the year ended 31 January 2024 nor for the year ended 31 January 2023. STAFF COSTS The average rnonthly number of employees during the yearwas as follows: 31.1.24 31.1.23 Number of ernployees No employees received ernoluments in excess of £60,000. Page 7 contlnued...
ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION Notes to the Flnanclal Stalements - contlnued for the Year End.ed. 31 j4ny.ary 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacie5 18,491 92,106 110,597 Other trading activitie5 Investrnent Income Other income 43,358 170 2,007 17,019 254 60.377 424 2,CI07 Total 64,026 109,379 173,405. EXPENDITURE ON Raissng funds 665 10,704 11,369 Charltable artlvltlès Governance costs Charitable activities 2,220 52,982 2,220 163,277 110,295 Other 2,721 302 3.023 Totsl 58,588 121,301 179,889 NET INCOMV(EXPENDITURE) 5,438 (11,922) (6,484 RECONCILIAMON OF FUNDS Total funds brought forward 120,865 146,422 267,287 TOTAL FUNDS CARRIED FORWARD 126,303 134,500 260,803 Page 8 contlnued..
ST. MICHAELS & LARK LANE COMMUNifi ASSOCIATION Notes to the Flnandal Statements- contlnued lor the Year Ended. 31 Jonyary 2024 TANGIBLE FIXED ASSETS Fixtures and fittln8S Freehold property Totals COST At l February 2023 Additlons 335,928 72,157 504 408,085 504 At 31January 2024 335,928 72,661 408,589 DEPRECIATrON At l February 2023 Charge for year 245,555 9,840 67,559 1,192 313,114 11,032 At 31 January 2024 255,395 68,751 324,146 NET BOOKVALUE At 31January 2024 80,533 3,910 84,443 At 31 January 2023 90,373 4,598 94.971 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.24 31.1.23 Accrued expense5 2,340 2,340 10. MOVEMENT IN FUNDS Net rnovement in funds At 31.1.24 At 1.2.23 Unrestrlcted funds General fund 126,303 112,239) 114,064 Restrlcted lunds Restrlcted fund 134,500 7,401 141.901 TOTAL FUND5 260,803 {4,838) 255,965 Page 9 contlnued...
ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION Notes to the Flnanclal Statements - conllnued for the Year EDd.ed. 31 January 2024 10. MOVEMENT IN FUNDS-contlnued Net movement In fund5, Included In the above are as follows: Incomlng resource5 Resources expended Movernent in funds Unrestrlcted funds General fund 87,104 (99,343) {12,239) Restrlcted funds Restricted f und 123,056 {115,655) 7,401 TOTAL FUNDS 210,160 (214,9981 (4,838) Comparatlves for movement In funds Net movement In funds At 31.1.23 At 1.2.22 Unrestr5rted lunds General fund 120,865 5,438 126,303 Rèstrlcted funds Restricted fund 146,422 (11,922) 134,500 TOTAL FUNDS 267,287 {6,484) 260,803 Comparative net movement In funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrfcted funds General fund 64,026 {58,588} 5,438 Restrlcted fvnds Restrtcted fund 109,379 {121,301) (11,922) TOTAL FUNDS 173,405 {179,889) (6,484) Page 10 contlnued..
ST. MICHAEL5 & LARK LANE COMMUNITY ASSOCIATION Notes to the FTnanclal Ststements - Cont1ned for the Year Ended 31 January 2024 10. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined position is as follows: Net movement In funds At 31,1,24 At 1.2.22 Unrestrlcted funds General fund 120,865 {6,801) 114,064 Restrlrted funds Restricted fund 146,422 {4,521J 141,901 TOTAL FUNDS 267,287 {11,322) 255,965 A current year 12 months and prlor year 12 months combined net movement In funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 151,130 {157,9311 {6,801) Restrlcted funds Restricted fund 232,435 1236,956} (4,521) TOTAL FUNDS 383,565 (394,887) (11,322) 11. RELATED PARfi DISCLOSURES There were no related party transactions for the year ended 31 January 2024. Page 11
ST. MICHAELS & LARK LANE COMMUNITY ASSOCIATION Detailed Statement of Flnantlal Artlvltles lor the Year Ended 31 January 2024 31.1.24 31.1.23 INCOME AND ENDOWMENTS Donatlons and legacles Gifts Appeals and donations Government grants Grant5 - Other agencies 3,124 88,533 44,133 20,085 65,890 24,620 135,790 110,597 Other tradlng artlvltles Rental income Other income 50,890 21,796 43.228 17.149 72,686 60,377 Imiertment Income Deposit account interest 1,684 424 Other Income Gain on sale of tangible fixed assets 2.007 Total lThcomln8 resources 210,160 173,405 EXPENDITURE Other tradlng aetlvltles Depreciation of tangi ble fixed assets 11,032 11,369 Charltsble artlvltles Wages & salaries Rent & rates Insurance Li8ht and heat Telephone Office expenses Other charitable activities RepaSrs & malntenance Cleaning Trainlng & subscrlptions Sundry expenses 104,367 8,284 3,498 16,655 1,193 4,653 38,221 15,887 5,205 1,073 310 119,936 7,073 3,424 9,847 903 3,766 9,364 2,591 5,556 402 415 199,346 163,277 This page does not form part of the statutory fi nancial statements Pa8e 12
ST. MICHAELS & LARX LANE COMMUNITY ASSOCIATION Detalled Statement of FFnanclal Artlvftles for the yea.r Ended 31 J•nu4ry 2024 31.1.24 31.1.23 Charltable act5vltles Other Travelllng costs 2,280 3,023 Support ¢osts Governance tosts Accountancy and legal fees 2,340 2,220 Tot31 resources expended 214,998 179,889 Net expendlture (4,8381 (6,484) This pa8É doès not form pa rt of the statutory finantial statèrnents Page 13