Charity Registration number 518056 Company Registration number 1925949 Albion House ilmlted Cofflpany limited by guarantee Dlrectty< report and financlal statements For the year ended 31 Marth 2021 llllllll *AB3X1902• 2WN12022 COMPANIES HCiJSE A19
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Albion House Limited Company linjited by guarantee CoDteDts tEgal and Administrative Infornjation Directors, and Trustees Report 3-6 Treasurer's report Profil and loss account Balance sheet Notes to the financial statements 10-16
Albion Hous¢ Limited Compgny limited by guarnntee Company infornialion DIrect()rsrUsteeS Sylvia Ann Davies - Paul Murphy Jason Broad Julie Taubman John Simpson Thomas Christian Secretary Miss S A Davies Company Number 1925949 Charity Number 518056 Governing Document Memordndum and Articles of A&sociatton dated 25 June 1985 as amended by scheme on 12 Febnw 2004 and resolution passed 14 (ktober 2014 Registered office and business address Albion House 8 - 10 Albion Sireet Everton Liverpool L5 3QW Treasurer R K Moon & Company ACCOUnLts and Tax Advisers 3 Victoria Street Cullen Buckle Moray AB56 4TH Auditors Vacant Bankers HSBC 99-101 Lord Street Liverpx)I L2 6PG
AlbioD House Limited (Limited by Guar*nt¢e) Dire¢tors aDd Trustees Report for the year ended 31 March 2021 The truslee4 who are also directors for the purposes of company law, present their annual report and financial statements for the year ended 31 March 2021. RefereDee and admiDistrativ¢ details The details are sel out on pag¢ 2 Direetors and Truste¢$ The trustees Se]ng during the year and since the year-end vRze as follows: Non-tru5tee Chair: J A Brown Company Secretary: Miss S A Davies Trustee: P Murphy Trustee: Jason Broad Trustee: Julie Taubman Trustee: John Simpson Trustee: T Christian Structure GoverDaDC¢ and MtdDII Governing Document Albion House Limited is a company limited by guarantee governed by its memorandum and articles of Associ- ation. It is also a registered cliarity with the Charity Conlln1IoTh. ement AppointmeDt of trustees As set out in the articles of association one-third of tnlee8 are to be elected annually in place of those retiring by the members at a duly convened AGM. All mernkrs are circulated with invitations tr> nominate Irustees prior to the AGM. Trustee's ioduction sind training All new tnteeS viill receive a copy'of the Memorandum and Articles of A&%)ciatio and a set of the most recent accounts. They will also be given a tour of the premises and given the opportunity to discuss cumt activities and policies. The board of trustees shall not exceed twelve MerniS. The board meets regularly and all elements of the overall running of the chaTity are discussed including, developmenL membeTship. finance and perforniance. The Chief Executive Officer (CEO) acts on behalf of the trustees on a day-to-day basis and ha5 delegated pow- ¢rs accordingly. However the CEO reports to the trustees on a regular basis of actions taken and decisions made. Relfdted Parties The Charity has relationships with St Georges Church of England Church. P Murphy. S A Davies, J Taubman. J Simpson and J Broad are also directors of Albion House (2(X)4) Limited (Company No. 5363137. Registered Charity No. 11147320) which is CUTrendy a dorn)ant comparAy. A number of affiliated organizations have also 43)ntinued to work in partnership with us over the course of the year providing educational supporL trainin& health and social welfare and targeting anti-social
behavioural issues, in supwrt of LiveryM)ol lICieS for young F£ople and adults. Our parthers include: The Everton Red Triangle Boxing Club The Pits Boxing Club Peak Perforn]ance.Fitness and Training St Georges Church of England Stsr SLA Risk MgnAgement The truslees have a risk management strategy. which comprises of: An annual review of the risks the chaTity may face The ¢stablishm¢nt of systems and proCedUS to mitigate those risks identified. The implementation of procedures designed to minimise any p)tential impact on the ¢haTity should those risks rnaterialise. We follow Liverpool City Council recommendations as regards risk management and seek professiotl ad- vice in specific areas in the operation of the company. Ob"¢¢llv¢s and Aetivities The objectiv¢s of the Charity ar¢ to provide the young people of the community with a safe environment that , 15 Stimulating, fu and educalional. Our work is targeted at children and young people up to the age of 25, with a Core focus on groups aged between 8-19 yeats of age. Our airn is to use infornl education sessions to, assist the young people develop a wide range of skills. One of our secondary aims is to work closely with fatnily units, help develop beaith and social welfare links and to develop furtber family cohesion and im- proved opportunities. To this end, we have developed a working programme of health and.fithess in parthetship with Peak Perfor- mance who have a team olprofe&8ional fitness instructors. Several young members have been highly success- ful in achieving prestigious awards and the health of the 8enernJ family membership has improved becawe of the working aTrangcment between the tutors and members. Tbe strategies employed to achieve the chArity's objectiv¢s Are to: Actively go out into the community, engage young people and familie4 and make them awatt of the ser- vices available to them at the centre. To carry out consultation with tbe young people and identify areas of con¢enL and skills that.nécd im- proving. To use a wide range of projects for example. health projects. life skills and so on to achieve the outcomes. Target improvements in educational Stsndards and skills with the priiiie aim of improving job prospects To continue to build strong litths with the community and advance the network of the organisation tILrough partnership work. To offer leisure facilities to the community that is LK)th accessible and affordable Ultimately to promote the bond Itween Albion House and the community at large having been in exist-, ence for over 90 years and at the centre of regeneration and future optK)rtunities. Albion House is still the only surviving youth centre in the area targeting young people and adults and as such is highly re- spected throughout the north.west as being a powerful innovator for chan8e wlthin the community. . When planning our activities for the ycar. the treeS gave Consideration to the charity Commission's guid- ance on public benefit.
A¢hiev¢ments gnd erformanee The success the club has achieved duTing the last year is due in great measure to the pattnership we entered into with Positive Futures.. They have provided the stsff to continue our work with young people, and have developed the programmes to meet our joint objectives. Peak Perforn)ance has now come to a Criti stsge in their development within our site. We have spent the last four years improving the quality of the buildings and equipment for this particular of physical devel- opment. The partnership arrangement worked well between our Iwo w>ups. Financial Review In 2020-21 the management and fmancial r¢vi¢w of the F*rfomwi¢e of the charity found the folloiving. tn- come generally has continued to decline and remediation continues via improved use of various parts of thè premises by atTiliated organisations Since February 2019. Stsr SLA have been using our premises for similar educational pUrseS and this has substantially stabilised our financial position. It is irnportant to realise that the management of the charity 15 provided solely by Committed volunteers who provide in the region of 1800 hours per year. Thi5 equates to £36,000 per annum which is in line with the costs of the previous rnanager. This is particularly important in view of the charity Teceiving no core funding. Having reviewed this situation and the risk to the charity, the tnleeS bave ieconsidered the business plan. and adapled it accordingly to take the lack of grant support into account. The Board of Trustees are adopting an ongoing r¢view of current funding and the future expansion progrdmme. It is irnperative given the current fi- nancial difficulties that a strong and positive board drive forward the new proFK)sals. Investment powers and policy The tnteeS have no special investment restrictions. other than those placed upon the trust¢¢s by the memo- randum of association or the Clwities Acts. Reserves policy Reserves at present are in deficit. and so no detsiled strdtcgy is needed until debts have all been repaid. The trustees have considered options to ensure future sustsinability of the organisation, and are currently embark- ing on stage 3 of the Recovery Pla Plans for the future The plans of the organisation include: Consolidation of existing activity Seeking new and innovative partners to work with in optimising the use of the buildings Seeking specific fundin8 for projects wFtich benefit the community. To continue to increase use of the facilitics available at the Albion Sports and Youth Centres to benefit the To apply for grants for projects and activities to provide formal and infom)al education for the young peo- ple of the ar¢a. To continue to work in partnership with ail providers. to expand the range of activities to gain CA)mmunity benefits. At the date of signing the a¢Unty the trustees Continue with the process of restruc8 the charity, improv. ing its financial stability and fiwther developing social benefits in parthership with the community and like- minded organisations.
Trustees res ODsibiliti¢s in relation to tbe finaneial statements Company law requires the trustees to prepare financial statements that give a fair and view of the state of. affairs of the charity at the end of the fllw)ciai year and of its SUTplus or deficit for the financial year. In doing so. the trustees are required to: Select suitable accounting policies and then apply them consistently Make sound judgements and estimates that are reasonable and prudent Prepare the financial statements on the going concern basis unless it is appropriate lo presume that the charity will nol continue in business. The trustees are responsible for maintaining proper accounting record4 which disclose with reasonable accura- cy at any time the financial wsition of the charity and enable them to ensure that the fmancial statements com- ply with the Companies Act 1985. The trustees are also Tesp)nsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other iregularities. Auditors The Auditor position is currenliy va¢anL There is no statutory obligation to have aw)unts for a company of this size audited. However. an auditor will be appointed when the company is in a more slable financial posi- tion. This report has been prepared in accordance with the specific provisions for small companies under Part 15 of the Companies Act 2IX)6. This report was approved by the Board of Tne¢S on 26 April 2022 and signed on its behalf by the Director. Sied John Simpson Director Date 2672 L
Albion House Limited (Limited by Guarantee) Tre•$urer's Report to the members of Albion House Limited for the year ended 31 March 2021 We have prepared the financial sLitements of Albion House Limited for the year ended 31 March 2021, with- out carrying out an audit. which comprise the Statement of Financial Activities and Income and Expenditure Account, the Balance Sheet and the related notes. The fllwlcial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The report is rnade sol¢ly to the charity's members &8 a Ix)dy. We do not accept or assume responsibility to anyone other than the charity or the charity's members as a ix)dy for this report or any opinions contained therein. Responsibilities of Trustees The Tntss ResponsibÈlities Statement is set out on page 6. Opinions on fmancial statements In our opinion the fmancial ststements give a true and fair view of the charitable company's affairs at 31 March 2021, and of the incoming re- sources and application of resources, including its Income and Expenditure for the year then ended. have been properly prepared in aC[danCe with United Kingdom Generally Accepted Accountin8 Prac- lice: and have been prq)ared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. Opinion on otber matters In our opinion the infomiation in the Trustees, AnnuaI ReEK)rt for the rUwla1 year for which the financial ststements ar¢ prepared is consistent with the financial statements: the charitsble company has kept adequate and suificient accounts records" the financial statements are in agreement with the a¢tIng records and returns" all disclosures on trustees, remuneration have been made. the Intee$ are entitled to prepare the financial statements in accordance with the small companies, re- gime, and take advantage of the small companies. exemption in preparing the Trustees Annual Report. R K Moon & Comp8Jny Aecountants and Tax ConsultaDts 3 Victoria Street CulleD. Buckle Morny? AB56 4TH 26 April 2022
ALBION HOUSE LlTED Page 8 ststemeDt of Fingncigl Actlvities nd nd E¥p¢Ddi¢ur¢ A¢¢oll•t for Ibe year ¢Dd¢d 31 Mareb 2021 Note UDre5tricted Restrided EndowTnent TOTAL FifNDS Fun&% FuThJs Futhds 2021 2020 INCOMING RESOURCLS Voluntary th¢orn¢ A¢tivities for 8enetatinB fiJn&8 Investment Income 14100 1411)0 28750 Resou¢5 for ¢haritsbl¢ activitie5 Other irtcoming resources TOTAL Jf4coMING RESOURCES 37143 37143 51243 51243 28750 RESOURCES EXPENDED Costs of generating Volun itjcorne Fundraising tradg tnvestment management costs Charitable activities 10 41275 41275 32702 Governan ¢05ts 24(10 2400 2400 Other resources expended NET RESOURCES EXPENDED 12 7675 43673 35102 NET INCOMIIYGI(OUTGOING) RESOURCES BEFORE TRANSFERS 7568 7568 -6352 GRO&S TRANSFERS BETWEEN FUNDS GAINS AND LOSSES ON INVESTMENT ASSETS NET MOVEMENT 114 FUNDS 352 Brought forward #t l April 2019 Carried forw•rd a¢ 31 hlar¢h 2020 293368 293368 299720 300936 293368 Approved by the Board of ThJ5tee5 26 April 2021 Signed John Slrnpson Director
ALBION HOUSE LIMITED B•lance Sbeet at 31 Mar¢h 2021 21ni 202 FIXED A&8ETS 15 278SSI 288796 CURJIENT ASSETS Investmenl OSS¢ts Debtors Cash at bank and in hattd 16 17 6729 6729 477 16231 S4492 22960 CREDITORS: AMOUNTS FALLING DUE WtTHIN OI¥E YEAR 18 32107 NET CURRENT ASSETS 22385 8522 TOTAL ASSETS LESS CUBRENT LIABILI- TIES 31)11936 297318 CREDITORS: AMOUNTS FALLtNG DUE AER MORE THAN ONE YEAR 19 39SO NET ASSETS 31)0936 293368 FUNDS Uw¢5trithd Restricied 3(M1936 293368 Endowment 293368 For the financial year in question the company was altitled to exemption WHkr sedion 477 of th¢ Companies Act 2006 re1Ing io small cornpanies. No members have required the comparty to obtyin an audit of Ats accounts for the year in quesiion in xcordano with section 476 of the Companies Act 26. Th¢ dir¢¢tor$ a¢knowledge their respoosibiltty for complying with the r¢quirthents of the Act with respect to accouinting re¢ords and for the preparntion of accouths. The5¢ a¢unts hav¢ be¢tt prepared in xcordance with the provisions applicabk to companies $ubje¢t to the small Companies regime. Approved by the Board of TnL5t¢¢s on 26 April 2021 and 5i8ned on its behalf by sied Director John Simpson The note5 OD pages 10 to 16 form port of these accoun
Albion House Limited (Limited by Guarantee) Notes to the Finaneial StAtemeDts for tbe year ended 31 Marcb 2021 l Aeeounting polleies The Financial statements have been prepared under the historical cost convention and in accordance v4ith the . Statemenl of Recommended Practice- Accounting and RetK)rting by Charities (SORP 2005) issued in March 2005, applicable to UK Accounting Stsndards and the Companie5 Act 2011. The company has taken advantsge of the cxemption for FRSI from the requirements to prepare a cash flow statement on the grounds that it is a small company. Funds General fijnds represent the fi]nds of the charity that are not subject to any restrictions regarding their use and are applicable on the general putposes of the clwity. Funds designated for a particular purpose by the trustees are also unrestricted. Restricted fimds are subject to specific conditions IMSed by the donors OT through the temjs of an appeal. Trdnsfer of funds is made to reColSe the release of restricted fimds or io meet expendiftwe aed by the do- nors. The accounts include all transactions, assets and liabilities for 4vhich the charity is TesEx>nsible by law. Turnover Turnover comprises the amounts receivable in respect of contributions, grants. donatiory subscriptions and the sale of goods tr) customeTS net of value added tax and diswunts. In¢oming resources Donalions, legacies and other voluntary income Voluntary recetved by way of grants. donations and gifts is included im the statement of Financial Activities in the year in which it is received by or on behalf of the charity. Grants where entitlement 15 not conditional on de- livery of a spe¢ific perfornwkce by the charity are tecognised when the charity becomes unconditionally entitled to the grant. The charity received substantial amounts of voluntary help from its Suprt¢r& but no attempt is made to place a financial value on these services and they have not been included. Grants receivable Grants are credited to the Ststement of Financial A¢tivities in the year in which they are receivable, inasmuch as they apply to that year. Other income Contributions under Agreernents of Understanthg for the of the charity's premises are recognised when the contributions are due. 10
AlbioD House Limhed (Limited by Guarantee) Notes to th¢ FinaneiAI Statements for the year ended 31 Mareh 2021 (¢ontiDued) l A¢countiDg policies (eontinued) Resourees Expended Grants Grants and donations are accounled for when paid over. or when awarded. if that award creates a binding obliga- tion on the charity. Cost ofgenerating volt4ntary income All expenses relating to fundraising, publicity. public relations and investment management clge5 are charged to this heading Charitable activities Charitable activities comprise those costs incuTTed by the charity in the delivery of its activities and services for their beneficiaries. It includes both the costs that can be applied directly to those activities and those costs of an indirect nature necessary to sUprt them. Goverpwn¢e costs These costs relate to the governance of the company itself as opposed to the malgement of charitable activities or fundraising or publicity, and are primarily &%sociated with Co[ltUtional, statutory and legal requirements, Irrecoverable VA T All resources expended ate clwified under activity headings that aggregate all costs related to the category. Ir- recoverdble VAT is ¢harg¢d to the category of expenditure for which it was incurred. TaDgible rued ass¢t$ and depreciation Depreciation is provided at rates calculated to write off the cost less residual value over its expected useful life as follows: Freehold land and buildings Long leasehold land and buildings Short le&8ehold land and buildings Fixtures and fittings ICT equipment including computers Motor vehicles 20/0 on cost or valuation Amortized over a maximum of 50 years Amortized over the period of the le&se 33.339/0 reducing balance 33.330/0 reducing balance 25Yo reducing balance Ail equipmenL fixtures and fittings with an Original cost less than £5(Ki are written off in the year in which the expenditure w&s incurred on the basis that due to the nature of the company's activities, there is no expectation that ihe cost of the assets will be recovered in the way of future revenues. Current assets Amounts owing to the charity at 31 March in respect of fees, eontributions or other income ate shown as debtors less provisions for amounts that may prove uncollectsble.
ALBION HOUSE LIMITED Pa8e 12 Notes to the Financlal Statements for the year ended 31 March 2021 Unrestricted Restricted Endowment TOTAL FUNDS Funds 2021 Funds Funds 2020 Z Voluntary Income Subscriptions Sundry donations Legacies 3 Artbvitses for generatin8 fufid$ Contributions from user partner5 Other income 141fX) 141ts) 28750 141(M) 141(Kl 28750 4 lrnie5tment income Dividends and interest S Incomin8 resour¢es Irorn tharitsble attlvlties Grants: Symphony Group/LHT Liverpool City Council Merseyside Play Council Other income- Donation 6 Income from othersources Insurance claims Other income Covid Grant Aid 37143 37143 37143 3n43 7 Costs of Eeneratlnz voluntsry Income Sundries 8 Fundralslng tradlng Sundries 9 Imiestment rnanagemeTrt costs Investment management charges 12
ALBION HOUSE UMITEO Nofes to the Financial Statements for the year ended 31 March 2021 Page 13 Unrestricted Restred Funds Fund5 Endowment TOTAL FUNDS Funds 2021 2020 10 Charttable actlvitles Charitable giving- Sundries Wages and salarieslsessional work Water rates 45LXI 75(KJ 4500 2821. 7932 Insurance 7500 Heat and light Repairs and maintenance Cleaning Interest Printing, postsge and stationery Programme expenses Refreshments Telephone Travel and motor expenses Sundries Depreciation on land and buildings 8220 8220 7089 77L 7700 201J) 705 705 2LKI 1085 1320 1085 1096 1320 1320 10245 10245 10245 41275 41275 32703 11 Governance costs Legal and professlonal costs Audit and accountancy fees Statutory fines 2400 241Y) 2400 IZ Other sources expend Sundries 2021 2020 13 Net Incomlng resources Net Incomin8 resour$15 stated after charging Depreciatlon of tangible fixed assets Staff cos15 {see Note 141 Accountancy fees 2400 The accountancy fees of £24W {2019: £24001 relaie to the PparatIOn of accounts, and financlal control. 10245 10245 24rJ) 14 Staff costs Wages and salar*s Social security cost5 Redundancy Costs 13
ALBION HOUSE LIMITED Notes to the Flfianclal Ststements Pa$e 14 for the year ended 31 March 2021 2021 2020 14a Staffin8 Numbers The average number of full time equivalents (including casual and part-time staffj employed by the company during theyear were: Administration Centre manager Cleaner Projects Durin8 the year the charity employed no members of staff as detailed above. Noone {2019: None) therefore noone eamed more than £60.OLKI p.a. The trustees recewed £Nil remuneration12019'. £Nill during the year. Trustees were reimbursed travel and subsistence expenses of £Nil12019- £Nil) for the year. There were no other disclosable transattion5 in respert of trustses. related persons closely connected with them or other related parties. 15 Tangible fixed assets Freehold Land and Buildings Long Leasehold Property Fixtures Fittings & Equipment Motor Vehicles Total cosr OR VALUATION At l April 2020 Additions Disposals At 31 Marth 2021 512236 512236 512236 OEPRECIATION. At l April 2020 Charge forthe year Depreciation on disposals At 31 March 2021 22344() 10245 223440 10245 233685 NET BOOK VALUE At 31 March 2021 At 31 March 2020 288796 The freehold and leasehold buildings tonsist of the Sports Hall and Youth Club premise5 in Albion Street, Everton, Liverpool 5. The fixtures and fittings consisted of various office and computer equipment. estimated to have no value and therefore not included at any value. 278551 278551 288796 16 Investments Market value at l April 2020 Additions at cost Proceeds from di5POs015 Net gains/llossesl on disposals and annual revaluation Market value at 31 March 2021 Hlstorlcal cost 2021 2020 14
ALBION HOUSE UMITEO Notes to the Flnan¢ial Ststements for the year ended 31 March 2021 Page IS 2021 2020 17 Debtors Contributions owing Charity debtor Prepayments and accrued income Other debtors 5500 1229 55LK) 1229 6729 6729 2021 2020 18 Credltors due wlthln one year Trade creditors Taxes and social security costs Accruals and deferred income Other creditor- Trustee's loan {Mi5s SA Davkesl at 31 March 2021 31316 .13952 791 32107 14438 19 credito due after one year None 19 Anatysls of Net Assets by Fund Funds Furrfls Fund5 Total Fixed assets 278551 278551 54492 Current a55etS 54492 Current liabilities Liabilities after more than one year Fund Balance -32107 -32107 300936 20 Movement on funds Incoming Resources At i Aprfl 2020 Ckrtgolng Resources Trnnsfe At 31 Mareh 2021 Ind galns Unrestricted funds General fvnd Totsl ufirestrirted fvnds Restricted funds Club a¢iJvitles fund Total restrlcted funds Totsl funds 293368 51243 43675 300936 43675 300936 43675 300936
AL8ION HOUSE UMITED Page 16 Notes to the Flnan¢lal Statsments for the year ended 31 March 2021 21 Fund dall$ t>etails of the funds held by the charity are as follows: Unrestrict General fvnd All monies are now induded in this fund. R stricted funds Club actlvities fund This fund was set up to fvnd various artrrfitiesloutings for youn8 people. Our after sthool club is now serviced by fundinB grants and the generdl fund. 22 Taxatlon As a charity, Albion House knmited is exempt for tax on income and gains fallin8 Within section 505 of the Taxes Act 1988 or sertion 256 of the Taxalion of Chargeable Gains Act 1992 to the extent that these are applied to its chargeable objertive5. No tax charges have ariseTr in the Charity. 23 Cont5n8ent Ilabllltles The company has no contingent liabilities at 31 Marth 2021{2020- None) 24 Capltsl commttrnents The company has no capital commitments at 31 March 2021 {2020: None) either contracted for or auth0ri5ed by the directors but not contracted for. 25 Post Balance Sheet Events The government declaration continues of a national lockdown because of concerns for the spread of the oronavirus Covid19. All of the artbvities have been substantially afferted although our income has been offset by receipt of ststutory government funding as a rateable limited company. Regrerfully we have to report the death of our CEO Mr Jirn Brown in February 2022. and the relocatSon of our Company Secretary to a residential nursing home. 26 Members, Ilablllty The company is limited by guarantee. and in the event of the winding up of the company. the liability of each mernber (including those members who have seryed within the previous twefve months) is limited to a contributlon of £1 towards the cost of dissolution and the liabilities incurred by the charity whilst the contributor was a member. 16