Reglstwed Company Number: 00333713 Charity Number: 702ZJ3 Community Council of Lancashire Ua Communlty Futures (A company limited by guarantoo) Trustees, Report and Flnancial Statements For The Year Ended 31 March 2024
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES coKrENTS l and adM18traI1ve informalion Trusteeg report Ind8pendent examlnerfs report Statement of financial activities Balarce Sheet Ststement of cash fio 10 Notes to the financial statements 11
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES LEGAL AND ADMINISTRATIVE INFORMATION Tru8t•ès John Hymas Albwt Aldnson Gordon Harter Char Vice Chair Treasurer Laura Yates FitZsimorK8 Company Secretary Regl8tered Offlce Denise Parting BrenbM)od House 15 Vict(Yla Road FuEwoxl Preston PR2 8PS Chief Exe(xJtpie C•)mpany reglstsrod numbor )333713 Charlty r•gl8l•r•d number 702233 Independent •xaminor N P Smlth FCCA R¢knrham Taylor Limited 21 N8vigation BuBines8 Vlllage Navlgatlon Way AShtonn-Rlbb1e Preston PR2 2YP
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNrrY FUTURES TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees submlt their 8nnual r8POrt and the financlal statement4 whlch are also prepared to meet the requirements for a dlrectors. report and accounts for Companies Act purposes. of Communlty Council of Lantsshire (th9 ch8rity) for th8 year ended 31 March 2024. The financid Statements have been Frepared in accordan with the 8cwunting policies set out in notes to the acAxJunts arKI comply with the charity's governing dcwment, the Chartiies Act 2011 and Accounling and Rewtlng by Charities.. Statement of Recommende(I practi applicable lo chartties preparing thek accounts in accordance WFih the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS102) wblished in Octobar 2019. The Infomiation contained on page 1 fonns part of rewJrL Structurn, GOV•rnan and Management Th8 ctrwity is 8 company limited by guwantee. wlthwt share capital. and is govemod by its M8morandum and Artides of AssoclatTon. The princlpal activlty of the charity is promotkjn of any charitable wrposes for th8 benefit of the Community in the county of LaneA$hire arKJ Ihe wider North West region. Method of appointment or •lèctlon of tnte23 marHgement of the charity FS the responslbllty the trusleeg vhjo are dected and CO•OPted under the lerms of the Articles of Associatton. Trustees are elected each year by members at ts Annual General Meeting. TfE trustees, who also act a8 directors for the purposes of the Companks Act, who served the charity durfr¥J the year ar8 on page 1. Trusle• rncruitment. Inductlon and trnSning Trustees are recruited 8ccording to th8ir 8klll8 and arwas of expertlse commensurate wllh the ¢heriVs aims and objectives. Induction tralnlng is provided to all trustees on appolnlrnent to familiarise them wlth the work of tr organlsatlon and to ensure that they Can make an Immedlate contribullon to its strategic management. TRining has been developed by the organi8ation *thlch covern, Inter alla. gOVernar and Bafeguarding matters. Trustees are encouraged to particlpate In thls tralnlng to enhance tsir skill bas8 and strengthen their acGountabS11ty to the chaiity. The charty aware of kne need to strengthen the skllls of the Board of Trustees 8nd throughout the year, èfftirts have been made to generate interest in trusteeship by engaging a recruitment agency and encouraging members to nomlnate candkjates. Trustees. Ilabillty The trustees of the charity guarant88 to C(MlEYjte an wnount rM)l exceedlng £1 to the assets of the (tsity in IP event 0fnd1J up. Rlsk pollcy The trustees have conducted a revi8w of th8 major risks to whlch the charty Is exposed and developed polrci8S to mitwe those risks. Having conducted an internal revi8w of operational procedures this year. trustees have approved actions to develop a longer lerm strategy to ensure the charty minlmls88 financial fisk, strengthens extsttng services and devdops new one8. Intemal risks are minimised by the implementation of procedures authorisatton of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charty. These procedures are periodically reviewed to ensure they still meet the needs of the charity. The main risks hav8 been embodied in a risk register whi¢h recths the likellhood and Impact of each rlsk wlth current protethe measures. The ongolng risk8 arlsing COVIt>19 111 be considered within 8lN>rt twm financlal plannlro and loro-lerm sustainabilty of servlce8.
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES TRusfEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024 Objedves and actlvltles The focus of Communlty Councll of Lancashire& activittes is on service delivery and promotion and developm*rt of 50clal. economic, cultural and communlty ¥tivty. working with voluntary groups and in partnership with public authothies. Althwgh the charity Is observing growth in all areas of &tivtty. reduction in income from dilFdcare in prev10$ years continues to impact on cash flow. Tho for Ihe year were to: Continue to deliver high qualty childcare services Increase levels of Income to provide lerleS In eath Eetting. Maxlmlse gr2nt Income for operational and business aciivty. Contlnue to develop family support services to Pelp those wornt affected by th8 Cost of livirvJ crlsls. Continue to increase Support to njral communliies. Continue lo klentlfy long term solutions to funding m actlvty. The short term objective 18 to use evldence provided through the dellvery of grant and contraot funded work to maxlmlse fundlng through grant ald and commissioned work. The long-term objective is to Imement a strategy that will ensure th8 charlty Is sustainable and fil for the fulure. Granl Man9 policlos The clRrity does not make payments of grants on its cwn behalf but acts as an administrator for furKlers. Any grants m8de are therefore In accordance with the grant maklng policy of the funder. Achievwnents and performan¢• Athvlty has been conslstent wlth achtevement of Object$. 1. Charitable Activty 1.1 The charty su¢(%ssfully rxxnpleted d8lfvwy of the Connecting Communitles In Lancashire (CCIL) Project in September 2023. Contiml work with Lan(xshire Assoclallon of Village and Community Halls (LAVCH) wÉll enable benelarieS of the prolect to continue to access a(fvice, gUidCe and P8er support. 1.2 Defra funding was secured again this year. in p8rtnership with ACRE. and continues to make a slgnmtsnt contributton to outcome focu5sed acllwty to meet the needs of rural communities. This fundirYJ enables us to rdenttfy snd r88PK)nd to the specifiG needs of rural communlties arwj promote theirvalue to statutory decision maker8. We measure the suttess ofthis actlvty through community networks and individuals who have benefitted from our vth In thls area and continued demand for our services. 1.3 Chorley and South Rlbble CCG inteAlm grant dellvery to build capacity and capability thIn the VCSE sector In C8ntral Lanc4shlre. ended In March 2023. Afurther granl was rVe0 lo Continue ddlvery until the end of thls finanGlal year. 1.4 Brentyrn House continues to Provlde offy% a)MMOdn to 2 organi&qtlorts: Selnet and Be8n$tsik Busin&%s Support Incorn from this actlvlty ¢onlribute5 to the overhead costs of the ilding.
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES TRUSTEES, REpoKr FOR THE YEAR ENDED 31 MARCH 2024 1.5 Management and 8UPPOrt servlces for Galloway Hall have continued throughout the year. Trustees have not negotlated an inuea8e In payments this year, in recognition of the Impact of COVID-19 on Income from the h811 for Ihe charlty. 1.6 COREN (Communliy Research and E8gernent NefrhDfk). Thls year we contlnued to provtde inFXrt and expertise to the development growth of a COREN for the Applted Research Collaboration (ARC). The Partnerships Manager 15 a mamber of the COREN Leadership Graup. 1.7 NAVCA furKling Yrds secured to provtde peer leaming opportunities. 1.8 A grant was recelved from Natlonal Lottwy Community Fund for a Village Agents In Lanca8hire Pllol ProJe¢t. Thls Is an 18-month project. started in January 2024. ts) develop a model for a full scheme. 1.9 Awards for All grarrt funding was used to develop the websbte, rr(ing it more accesslble to beneficiaries for a wider purpose. 1.10 A grant was awarded by NHSE Lants & South Cumbria to Priority Wards Listenlng & Grants Pragramme for successfvl faulitatlon of 8 sm811 Iocal grant proc888 and proVisn of support to applicants. 2. Family SeNices and Chlldca 2.1 During the year. day and OLrt of s¢lx)ol (we Nyds provkled from 4 settlngs,. Jlgsaw Burscough, CocAkidz Langho, Coolktdz Roebud( and Coolkldz Sacr8d Heart. Chlldcare conllnued to operate below prevlous income levels, although all showad a steady increa58 In the last quarter of the year. 2.2 Trustees recognise the contlnued difficulty In recrultment. The govemment has continued to provpae funding for parents to access free chlldcare, trVer this does not fully fund the cost of delivery. We 11 continue to advocate for fully funded chlldcare at a naoonal level through m8mbership of Early Years Alliance. 2.3 The charfty made a financial inveslment in a new daycare faollltry In Hesketh Bank, whh opened in January 2023. Unfortunately, Hesketh Bank Communlty Centre termlnated the hire 4reement on its premi888 in September 2023, 4tkh lrnnted the servlce from Co]nuIng and created 8 rinanclal loss to the charity. 2.4 Grant funding was recelved througtrK)utthe yearto Contr1te lo the provision of holiday club actfvity through the HAF Programme. 2.6 Farn1 services have b88n prOded ttrnuglK)Ut th8 year and include.. Support forfamllles to access finanaal supprt through tax free childcarè, NEG vouchers & Universal Credlt. Connecting and referrirvj families lo Oth support agencles. Agreement with Sacreil Heart Cathollc Sch(xY to provide support to parents. F8mity SUPPOrt and creche facHIUes for Sanctuary Cookalongs in Preston. Provlsion of community food markets. Facilitation of a Christmas toy apped for Preston ¢hildren. Pmvision of a school unifoni) bank. 2.6 Grants were recetved from SpriTVJ North to deliver heallh campaigns as part of tho famlly support servi1. 2.7 A grant was recelved from tr* PreBton City Councl Household Famlly Support Fund to prov#le meals and food parcels for children and famdie5. No fundralslng has taken place In this reportku period. In nnIng the actrviiies for the year, Ihe truste88 kept In mlnd the Charity Commission's guidance on publlc benefit at a meeting of the trustees.
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES TRiI8TEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal rovl The princlp81 funding sources fty charitable acttvlty are rentsl Income from resident partner5, commissiowl work, Fxojects and grant furKling, which contrbute to core operatlr¥J cost5. Defra funding conlinues to resource dedKated support to rural communities. PrIpaI furmjing sources for Child(2 and family support continue to be ildcare WoudrS, private fees and grants. Tha surplus for Ihe year was £173.363 (2023: deftcat of £57,890). Details of income and expendire frjr the year stm)1 in the Statsment of Finandal Acthities on Page 8. Plan8 for future perlods 1. Followlng completion of the Intemal revtew and delivwy a short tarm action plan, trustees wlll support development of a strategy to achleve a lOnterM aim for the future. 2. Evidence of outcomes from the Villaoe Agent Plot pro will be used to develop a countywidq funded Willage Agent Scheme. 3. Grant fijndlng will contlnue to be a signifficant part of the charity'5 irrne as seek to create a more balanced. sustainable fin8ncial profil8. Kéy managwnent porsonnel r•mun•rlon The clwlty 8ppIi8S 8alarles to manaoemeTrt personnel commertsurate whh duttes and that are (¥)rtsistent wlthln the parametas of natlonally agreed rates of pay. The Charfty considerslig key mana9ement peTsonn81 to be the Chief Executtve, Business Director, EYS Le&1 Manager and Partn8rshlp Manager. Reserves pollcy The reserves that tni8te8s have set asTde seek to balance the need for financial prud8nc8 With thal of ensuriNJ SLfficient fijnds remaln avaiL8ble to detwer the Gharitys aims ar¥J objectivès. We Inlend to maintain our reserves at a level vA)ich is at least equivalent to £170.000. being approximately three months, operating expenses. Urrestrfcted general funds as of 31 March 2024 were £372,461. or these funds, £299,865 are held as tangible fixed assets. leaving free reserves of £72,596 (2023: £37.311) vthich is below the trustees. targec however the trustses will (x)ntinue to monltor the level of free reserves arKI take sleps to bring it back in line with their policy. This report was appYov8d by the truBtees on .1! . l O:..Z.. and sign1 on thelr beha Den13e partIng - Company Secretary
OMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES INDEPENDENT EXAMINER'S REpoiYr FOR THE YEAR ENDED 31 MARCH 2024 I report to the trustees (who are also Directors for the purpose of Company law) on my examlrkglion of th8fin8ncial statements of Community C¢)uncil of Lancashlre TIA Conynunty Fuiures ('the charitable company) for th8 year ended 31£t March 2024 which comprlse the Statement d Financid Adivities. the Balance Shee( the Statement of Cash Flows and related notes. This report is made solely to the ¢harlty'S trustees, as a body, in ac(x)rdanc8 wlth sactlon 145 of the Charities Act 2011. My work h85 been undertaken so that I might sL2te to Ihe charity's trustge5 those matters l am required to state to them in this report and for no other purpose. To the fullest exterrt P8rmltted by law. I do not a(xepl or assume ponsibIlty to anyone other Ihan Ihe charlty and the chwivs trustees as a body. for my work. for Ihis repor( or for the opinions I have fr*med. Responslbllities and b8gls of r•port As Iha trustees of the charitable company you are responsibl8 for Ihe preparation of the financial slatements In accordarts wlih the requirements of the Compani8s Act 2LK)6 (1he 2006 Act.). Having saosfied myself that the financial statements of the chwilable company are not requirffi5 to be audlt& under Part 18 of the Act and are eligible for Indep8rKlentexaminatlon. I report In respect of my exsmination of the charitable company's ffinanclal statements rried out under section 145 of the Charities Act 2011 {'the 2011 Acr) and in carrying out my examlnalon I have followed all the aOi¢able Directions glven by the Charty Commiswn under section 145(5)(b) of the 2011 Act. An independent examlnatlon do8s nol knvolve gathering Bll the evidence that would be requlred In an audit arKJ ¢onsequently does not cover all the matters Ihat an auditor ry)nslders In giving thelr oplnlon on the financial statements. The planniro and CA)nduct of an audlt goes beyond the limited assurarrR Ihat an Independent 8xamlnatlon can provlde. Consequently l express no oplnlon £s to whether the financial statements pr8sent a 1rue a1 fatr, view and my report is Ilmtte(I to those Sp8Cff matters set OLrt In the Independent examlnerfs statement. Ind•pendent examlnees statement sin the chaTitable companWs gross Income exceeded £250,000 your examiner must b8 a m8mber of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to urKlertake the examinatlon because l am a member of ACCA which is one of the listed bodles. I complete(I my examination. I confin that no matsrlal matters have come to my attention In connectlon v the examination giving me cause to believe that Sn any material respect: accountlng records were not kept in reSt of the cfwltable company as requiwj by section 386 of the 2006 Act." or the financial statements do rM)t accord wth those re)rds. or the finandal statements do not comply with the accnting requirements of sectlon 396 of the 2006 Act other than any requirnent that the financial 5tstements give a true and falr vlew whkh Is not a matter con6rdered as part of an independent examination.- or the financlal statements have not been prepared in accrydan¢e with the methods and prlnclples of Ihe Statement of Recommended Practlce for accwnting and reportlng by charities applicab lo ¢haritses preparlng their accounts In eccordance with the Financial Reportlng Standard applic8t4e in the UK arKi Republic of Ireland {FRS 102).
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES INDEPENDENT EXAMINER'8 REPORT FOR THE YEAR ENDED 31 MARCH 2024 I have rKtr concems and have come across rKJ otsr matters in nnlOn with the examlnation to whtch attentlon skKxAd be (irawn in this report in order to enable a proper understarKling of the flnanclal slatements to be reached. Mr N P Smllh FCCA 21 Navlgatlon Buslness Village Navlg8tknn Way AshtorOn-RlbI8 Preston PR2 2YP
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FufuRES STATEhlENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 21r24 Regtrlctod Unr•Btrlct•d ndB funds Totsl Charftable aclivilles: (x>mmunity projects Ch8it8tAB &INtIs. thlldcare ark1 family supp 514123 4.280 35.207 302.747 SSO,030 307,027 267,522 295317 Total In¢m• 519291 337 857251 562.73 Expen(Hturn ChBiikNe actfvllles.. communlty proleots Chwilth actlvlllos: thiklcaxe and family supwrt 367.n1 44,602 267,217 412,322 271.566 303210 317A19 T<tsIexp•nd1Tr 372.089 311,819 683,88B 620 N•t irwmg1(expendltuM) 147322 173J63 (57Jg0 Tran•fer b•i*•n fund8 Other ra¢01$¢d gains 1 (Iossea): Ailuarial g8in on defined benefft pensl)n s¢he 10 N•t Nont In funds 147322 21.141 173A63 R•crnoillaUon of fundg: Totsl fund8 brought forward 17.1149 421359 Tolajfvnds calEd forward 164371 372A61 538,732 All incoTne and expendlture derlve from c4)ntlnulng acIfvtt. The statemerrt of finanrAal aclivities IrKlud88 all galns and losses recognised durfng the year.
S AT 31 IL4RCH 21)24 14Ta3 Er.$61 184024 74 184024 072 267.096 {1475¥ {IOh7• (30329) PBJ251 12 164271 17 12
COMMUNrrY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES STATEKENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 20rJ Cash ljow from OPOTailnq actlvitle5 191244 (27.979) Cash flow from inve8tlng aGtlvlties Investment Income Net cash flow from InStIng actlvltlos Not docrofjm in cash and ¢a8h •qulvalonts 191.438 (27,979) Cash and cash equlvalents brought foNRrd 67,561 95,540 Cash and ca8h oqufvalonts carrf•d forw*d 258,999 67.561 Conslstlng of: Cash at bank and In hand 258,999 67A61 R)nlIatIon of net oxperKlituro for Iho year to net cash flow from operating actlviti08 Net Incomel(expendltur8) for the ye 173,363 (57ml Investment income received Loss on ijisposal of tangible flxed assets Depreciation of tangible assets Decrease in debtors Increase in crwjitors 6.941 2.204 7.626 3.958 8.741 17312 Net cash tlow from oporatlng aGtlvltl88 191,244 127,9791 -11)-
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 A¢countlng pollel•s Cornpany status Th8 company is a company Ilmlted by guarantee (inC)rated in England & Wales). The members of the company are the trustees named on page 1. In the evenl of the company being wound up. the liabilty in respert of the guarante8 18 limlted lo £1 per membBr of the fflpany. Bas15 of preparatlon of flnanclal statement8 Th8 charlty constltutes a puljlc benefft entty as defined by FRS 102. The financial statements have been epared on a golng concern basts underlhe hislorical cost converrtion and in accordancewith Accounting and Reporting by Charities: Statement of Recommended Practice applicabte to Charities preparlrKJ Iheir accounts in accordance wlth the Flnanclal R8Fthng Standard appli(zble in the UK and Republic of Ireland (FRS 102) issued in Octob8r 2019. the Financial Reporting Standard appllcalje In ts Unite(I Klngdom and Republlc of Ireland (FRS 102). The Charitps Act 2011, and UK Ger)8rally Accepted Accounting Practice. The financtal statements are prepared on a gotrwJ concern basi5 urmjer the hlstorlcal cost conventfon, m(xlified to includ8 certaln flnancial instruments at fay value. The financial statements are prepared in sterfing whrch Is the functlonal Currercy of the charfty. The slgnKkant accounting polKtes applied in the prepwatlon of these fin8nc181 statements ere set out tlOw. These policies have been COrlstentIY appti to all years pr888nted unl888 Otherwise 8tated. Golng con<Km The trustees are reqUId to 8SBe8s whether Ihe use of going concern is approprlate, l.e. vthether thtre are any material uncertainties related to events or condltlons that may cast significant doubt on the abltty of the ch8rfty to continue as a going con(rn. The Tw8188s make this ass&%smenl in respect of a perd of al least one year from the dats of authorisatlon of the accounts. T1 Trustees and Managernent have put plans in place to manage the siiuation and monltor reserv05 levels. At the date of approving these accounts the trustees have a reasonable expectation trAt tha charfty wlll be able to man8ge the siluation and that it ha8 sufficient cash resour to enable it to meet its liabilltl8s as they fall due for at least 12 month5 from the date of approval. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financlal sLgtements. Fund accountlng General funds are unre5trlcted funds. which are available for use at the dlscretlon of the trustees in furtherance of the general objectives of the MpanY and which have not been designaled for otr purposes. Designated funds comprise unrestrictal funds that have b80n set aside by the trustees for particutar purposes. The aim and use of desigrRted furKI is set out In notes to the firwiclal stments. Restrlcted fvnd5 are funds are to ba u8ed in accordan(x with SPeCrf restrictM)r6 imposed by dorrS which have been raised by the company for particular purpos89, The cost of ralslng and Imini5tering such funds are charged agalnst the SplfIC fund. The aim and use of each r88tricted furKJ is set out In the notes to the fin8ncial stat8monts. Incom• recognltlon All Incomlng resourc8S 8r8 Included in th8 Slalement of Flnandal A¢llvltles {SoFA) when th8 charity Is legally entitled to the in(xJme after any performance condltk)ns have been rnet, the amount can be measured rellably and It Is probable that the income will be reNed except for the followlThJ: -11-
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FLrruRES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl8s {contlnued) In¢omo rocognltlon (con1lnu) When donors specity that donations and grants given to the charity mu8t be used In future accountir periods, the Income is deferred until p8riod When (Jonors Impose conditrons, vthith must be fulftlled before the charity becornes entiued lo use such Income, the income is delerred and not fruded In Incomkng reswrces until the preconditions for use have been met. and When donors speclfy that donations a1 grants. indudingcapltal grdnts, arefor restrlcted purposes, whlth do not amount to precondttlons regardkng enlltlemenL this income is inclLMJed in incomlrvJ resource$ of r88trictad funds when recelvable. Resources exponded All expenditure Is acctyjnted for on an accruals basls and has been Included under expense categor that aggregate all costs for allocatlon to xtSvliies. Where costs cannot be directy 8ttribut8d to actNitie8, they bè8n allocaed on a basls conslstent with the u8e of the resources. Grants payable are charged In the year when the offer is made except In those cas88 where the offer ' conditional. sLKh grts b8lng recconlsed as exp8ndilure when th8 condltlon8 atla¢hiry are fvlfflled. Gryts offered sublect to condltlons whlch hav8 not been met at the year end are noted as a commitment t not as expendlture. Support costs have been identlfied based on the rAture of the expense. Occuparry costs arKI payrdvhuman resource costs have been allocated to eCts based on headcount. IT and general administration costs have been allorted to Fyoiects on an 8qual basis. Line marragement costs have b88n allocated to projects ba6ed on time spent. Governance Costs indle those costs inwrred in Ihe governance of th& charity's assets arml 8re associated wilh cortstitt0n8l and statutory requlrements. TangKbl• red a$8•ts and d•preclatlon Expenditure is only capitalised It meets ttr definltion of capital expendliure arxl when it o deemed to be of material valu8. Tangible ffixed assets are 81ated al cost (or deemed cost) less accumulated depreclation. Cost indu(Jes costs directly altributatAe lo maklr¥J the asset Capable of operatlng as Intended. Depreciatlon Is Mt charged on freehokl. As Ihe trustees conskler the esllmated residual valu8 of freohokl propty to be ater th8t the net book v81u8. they b8118ve that both rrent and accumulated depreclation .¥8 Immaterfal and no provision 1$ made in the accounts. Th8 Mated resfvjual value Is exp8cled to be hlgh e to the charity's policy of malntalning the propety such that physlcal deterloratkn does rlot occur and the costs of such malntenan¢e are clwged in the yew of incidenL¥. Depreciation on other tanglble fixed assets Is provided at rates calcula1 to wriie off the o)sts of those 888ets, less their 8stimated resithal value, over thelr estimated usefvl lives on the follTrNing bases: Fumliure, fittings and equipffRnt CompLrter equipment 10% pa straight line 20% pa straight line -12-
COMMUNrrY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles {Gontlnued) Debtor5 re[vable within one year are recoTded 81 transa(knn price. Any losses arising frorn impairment are recognised in expendIre. Crnditors Creditor5 with no stated interest rate and payable within one year are recorded at transactlon prke. Penslons The tharty participat88 in a multFemployer dellned benefft scrne for certain employees. operated through Lancashire County Council. The fund Is v8lue(J at least every three years by a professionally qualified independent actuary. The most recent actuarlal valuation available w88 txrried out as at 31 March 2022. done for the purpose of setting future contributbn rates, vthere the actuary ind¥ted thatthe Charity is In surplus for contribuuon purposes and therefe this position has been maintained. The ntributions paid to th8 scheme have been accourbted for In the Statement of Financial Activtb'es (see note 10). Income from eharftabl• activiti•8- f*Jmmunity projects 2024 Grants rncolvablo Rural Cornmunlty Actlon Network- ACRE Mational Lott8ry Communlty Fund- CCIL Project Chorley & South Rlbble CCG NAVCA - Training NHS Lan & Cumbria Grants - Development FurKI NHS Lanc5 & Cumbria Grant5 - ICB Partnership Fund Coren - Community Research Engagement Nei%wrk Spring North - Bloo(1 pressure Bumlay, Pendle & Rossondale CVS- Rural Heahh ReSrth Proiect NL Vlllage Agents NL Awards For ALL ACRE RHE Programme NHSE legacy fund - Cohort (CP) LCC VCFSE Development LSC Community Listening LSC Preston NonvReixJrrent Grant wograFnme Brertwood House Trust 44240 14500 44240 29.840 27,885 1,000 60.000 1,500 6&639 31.500 7,000 10,000 10.51JO 10.000 5.900 12,748 024 17.405 10,000 60.000 5.600 112,467 135,200 195.865 Other In¢omo 550,030 267.522 The above amount Includes restricted grant inc%)me recelvable of £514,823 (2023: £195.885) for cOmThnity projects. Other income ts all unr6strlcted In LM)th Ihe current and prevlous years. -1&
COMMUNrrY COUNCIL OF LANCASHIRE TIA COMMUNITY FirruRES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Incomo from charltable actlvltles - ¢hlld¢arn and famlly support 2024 Grants rxelvab SFflro Noth- HAF Swlro North- Healthy Chlkl Consultations PCC- Household &pport FuTrJ 14820 14000 4380 1I992 1.500 33.1110 18A92 Chlldcwo Incom• Jlgsaw Burscough Coolkvjz @ LarvJho Jtgsaw & Coolkidz Brockholes Jlgsaw He8keth Bank CoolKldz SacrJ Heart Coolktdz Roebuck CO0[dZ Samlesbury Unrestricted Funds 61013 149.481 60,936 126,633 33.108 317 28.255 26.592 29.420 25.447 3.269 273,9ZI 27&725 307.027 294217 The abov8 amount Indud88 restrktso grant Income reCeab of £4,280 {2023: £18.492) for famlly support servlces. The remainder represents Income rer¥ed to provlde ¢hlldcare, in the f¢rm of nurseries d out of sthool dubs and Is all unrestrlcted in both the Current and previous year. Invostment In¢omo 2024 Total 2023 Total Bank and other interest rec8 -14-
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FLrruRES NOTES TO THE FINANCIAL sfATEMEKrs FOR THEYEAR ENDED 31 MARCH 2024 Expondlturn on charltabl• actlvitles Chlld¢ar• and tamlty support Dlrrft Support Dlroct Support Total 2024 2023 Wage8 and lries Agenw 8laff tsalnh Rrt watsr rats$ 8nd v)uncil tsx PrfNlng. Stentry arbj ptage SuThfjry exPe8 Irs ar Icr 8UPT Insurence TglepPtho 226,381 4.171 224,974 1.671 15a8 451,355 471A54 17,072 3.920 14,740 7.329 3,853 8.281 2.538 3.571 2204 14563 0.120 19,779 781 11190 1ISS9 n8 2.251 5,818 3.120 3.133 4063 3*58 21060 470 2,301 rwreciatfon 134,9 Subscriptr)ns 197 200 3.105 929 L8Jal and pfeSsi)nal Ga5 and èt&trWSty ,829 8.109 744 470 979 979 942 Loss on dbposal of assets 6,942 410,874 5,884 265,6B2 676,946 620,629 412,322 271,se8 Total pxperKlibJre indudes restrirthl amounts of £372,069 (2023: £211610). Analysls rf gov•mwKo coBt• 2023 Independt examlnerfs tsmunaratk)n Independent ex4mlnakn fee 1,080 3,574 M88ling 8xpens88 188 The tru8te88 have decided to meet all governance costs from urfestrtted fund8 and 80 no all(Ication or charge Is made to restricted funds for any govemance related costs. During the year one trustee was paid remuneralion of £71,403 (2023: £63,6W2), Indthllng pSlon (y)ntributlons of £12,871 {2023: £&7e6). stridy for their role as an employee of th8 charfty and not tor thelr seNlces as a trustee. No other Irustees recelved remuneratlon, benefits In klnd or expenses In the currenl and previous year. There were no trartsactl<>ns wtth other related parties other Ihan those disclosed in note 13.
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES NOTES TO ThE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Wages and salaries Social sKurty costs PenGion costs 295 31.064 4396 4Th),622 31.408 39.425 451,365 471,455 2024 21r23 No The average number of employ88s lurlng the year was as follows.. FTE FfE AdminislrativeTrroiac manag8m&nt Admln18tr8tfve & Pro}1 support Famlly Sup1 & Chlldc8r8 management Famli y Supp)rt & Chlldcaro staff 10 17 13 15 The number of employees whose empbyee emoluments (exlIng em0yeT natlonal Ir£urance arKJ PS1on contributions) ayceeded £60.000 was: 2024 2023 £60,001- £70,000 The totsl amount of emrAoyee benefits received by key man*Jement wsonnel Is £267,649 (2023: £201,947). -1
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES rioTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Tanglble flxed assets FurnltUff• Land & ffttingg & l)ulldlnq8 aqulpment Comput•r équlpmwrt C08t As at 1 Aprl 2023 A(Jditions Disposals 295,000 55,830 25,567 376.397 (15,873} (15,673 As at 31 2024 296.000 40.167 25,567 Depr•clatlon al 1 April 2023 Charge for the year On dispoBal8 42,121 1,965 (8.733) 25,2e7 239 67,388 at 31 Marth 2024 Net book value As at 31 Marc* 2024 35,353 25.508 eo,859 295,000 61 As at 31 Marth 2023 295,OCIJ 13,709 309,009 Freehold land arKI building8 induded above vffjre recognised uslng a prevlous open market existing use vthation basis as a deemed cost on transttlon to SORP 2015 (FRS102). The trustees are of the bell8f that the value of the land and bulldings would b8 In exces8 of £295,000 they vmre lo bè sold as r8sldentlal woperty rather than c0rnffrC181 property. Land & bulldlngs 520.757 110.000 (335,757) Revaluatlons . Movement du8 to open market valuatlon as at 31 December 2002 Idovement due to open mafkel valuafjon as at 22 July 2010 Deemed ¢ost on trar6ltlon DebtOf8 2024 2023 Trade debtors 8,097 16,723 -17-
COMMUNITY COUNCIL OF IANCASHIRE TIA COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Credltorn . Amounts falllng duo wlthln on• year 2023 Trade credltors Other creditors P8yments on account Accruals and deferred ir¢omg 2,612 $279 2,024 20,314 4,n4 2,WO 19,240 30329 -18-
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNrrY FUTURES NOTES TO THE FINANCIAL STATEMENtS FOR THE YEAR ENDED 31 MARCH 2024 10 Pwslong commitments The charity participate5 in a multirnployer benefft scheme for certain employees, opored through LanshIre County Courtil. The fund Is valued at least eVY three years by a profe55ionally qualifd independent actuary. The lalest available report ty the LCC 8otU8ry has been prepared as at 31 March 2022. The reptyi 8howed that the market value of Ihe a&sets relating to Cornmunlty Countiyl of Lancashire's shate of the scheme Wds £2.133 million and that the aclu*ial value of thos8 assets represented 114% of the benefits that had a¢GrueA to members. after allowi for expected fvture incxeases in eamings. Followlng Ihe most recent acfuarfal valuation. done forlhe purpos8 of setting futrjrg contribulion rates. Ihe actuary IlICated th8t the surplus attributab to Ihe charity for contrlbudon purposes arnounted to £264,1X)O. In actx)rdance wlth SORP 2018. a pension Scheme asset has not b88n recognised a8 thi8 surplus Is not expacted to be re¢overed in the future. Slnca the charty's share of assets and liabilities withwi th8 scheme c2n be det8Tmined. the pensK)n scheme should be accounted for as a defined benefit p8nslon sch8m8 In accordance wEth FRS102. However, the trustee5 do not belleve that Et ts a worthwhlle use of the ch8rity'9 resources to pay for the actuarial r8POrt which would be required to determim the chariV8 shar8 of assets and liabillties as at 31 2024 calGulated In accordance wilh FRS102 and to erpble the appropriate disdosurns to be m&l8. As an allernative, Sir the valuations done as at 31 March 2019 end as at 31 March 2022 for th8 purposes of setting cx)ntribution rates stH)wed surpluses. wlth effect from tfp year ended 31 March 2020. the trustees have accounted for the contr[ltIOnS paid to the scheme in the year in the Ststemenl of Financral A1vitIes. Therefore. no further adjustments were requlred during the year ended 31 March 2024. As a result. as the scheme has MI been nted f(r in accordance with FRS102, Ihe tnjstees are unable to ouantrfy the impact of norfrcomplian with Ihe slarrfjard. 11 Commttments under operatlng lease8- land & bulldings At 31 March 2024 the chadty hadfuture mlnlmum lease payments under non-cancellable operatlng lews as $8t out belovr. 2024 2023 Amounts due WFthin one year 1400 2AOO
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEPENTS FOR THE YEAR ENDED 31 MARCH 2024 12 statam•nt of funds- current year outht In¢•nO R•r6 Tran•lor¥l G•n•rnl Fund¥ Pslon reserva 311.819 372.461 {311.619) ••1grAt•d lunds Tèlal unr•strlcknd fvnds 346,320 (311,8191 371461 ft••trlded lund> Natio1 Lottery Conwnunlty Fyrxl- ConneLltng Cojnmunllie¥ Grant NL Vllrye NL Aw£ds ForfvLL Rwal Cornmurlty fvdon NenIk- ACRE ACRE RHE Prow•mrrt• NHSE leoacy fund- Cohort (CPI NHS LJnLZ & Cumbrta Grants. PKwJamme Devdowent Fund LCC VCFSE D0pM•nI NHS & Cumbrla Gronts. ICB Parlnwshty Fund NHS Lan(5 & Cumbria Qr8nts- ICB Parlk4pAUon Fund Cwi. Ccmmthty Re#oarch 14xfi {14,9441 I)) 12.748 lJ24 112,7481 18.0241 (44.2401 17A05 10.000 (17.3701 18.2501 1SS,442) 8,25D 8,435 10.(K)O 50.WO (so,0001 114500) 15.(rfJO (11,498) 12,706) Sprfng NDFth- Bkod pr888ur• LSC Communlty Ustsnlng LSC Prnston NonRrrent Grnnt PfOgramin8 10.(AJD 10,O)0) 15.8QJ} 1112.467> Brathvotsj Plousè TrN8t PCC- Hous•hold SuppJrt Fund In¥aBtrnent 135,21y) (4,2801 T+)tal r•strl(a•dfund• 17,049 519,291 (372,0) 164271 Total tsnd¥ 3&1369 7261 {e83,Wl
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 12 Statement of funds~ prfor year lthjomlng R••DWC•S Transfersl lon¥ard ur5 eX•d Rov•luatlo Gen•rnl Fund# Penslon rese Gentralfvnds 348.382 I4019} 30A20 346.320 37&437 348,382 {408,019) 30&0 34Q320 D•signal•d funds 240gD (25.0) Tot•1 unrestrf£t•d funds 344382 400.019 5.520 R•sblthd funds (29.47Q) 144240} 1.OtH)} (31257) 11.7501 ComMtMAlth Ne&York-ACRE MIVCA -Trnlnlig 44.240 P#ISEleg8cyknd- CohDrt (CPI FuThl S Larm & tnbIGnIE. ICB PaTknwsNp On.¢0nurffy Eng0wL 141Aes1 I8.j 116AOOI 10.$)0 10.Tr)0 (lo00) 110.0001 r*J Blood woB8ur• &vntsy. 1• & Rossendth CVS. Ru Heath P£gearch Project ng N¢yth. H¥sNhy¢fth ASSN Gr8ntfvnd IGN1dre) 114F- HrAlday and Fttd 5.gjo 16,gL)JI 11,5C%JI (&5) 1&992 116.9921 11,SCrJl 14301 430 Tol•l r•strkt•d IWK 214357 1272.010) 17,1 T(A•l ndS 421289 562.rn (620.029) -21-
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2024 12 Statmient of fund8 (continued) Transfers are made between fvnds when 8 restiicted project is completed 8nd where ina¢¢urades in cost apportionment results In a surplus to be taken to the unrestricted or a deficit to be made gOj from the unrestricted fund. No surplus on completion of a restricted projett is taken to the unrestrkted fLmd where this is not pemltted by th8 conditH>ns of the orvJinal gTant fundlng. Restricted funds comprlse specific wojects as follows: ACRE grant from D6fra'8 Grant in Ald Inva8tm•nt Programm• Used to dellvw: . Local Strateg support to ruTzI communltl8s. enabllrKJ them to take actk . Sharing leamlng on Bustainable funding models • Provldlng aG(xds to k)cal Intelligenc In the 8pecrfi¢ areas and work programme wiorltles Identllled In the agreement w]th Defra, activity was frKussed on Covld 19 respons8 and recovery ¥4rk in th8 rural communit188 W8 8W8. ACRE small grant8 programme Promotk)n of the Platinum Jubllee granls programme Acrn- RHE Programm• Used to Inltlate and deliver a Rural Hou8ing Project a¢xoss rural Laftcashire. Natlonal Lottery Community Fund Grant, Conneetlng Communltles In Lancashlre ProJeGL Used to meel the needs of vi118g8 and communty hall volunteers across L8rKashire. National Lott•ry Commun?ty Fund Granc Village Agwts In Lanca8hlrg ProJg¢L Used to assess th8 need for village agents across rural LarKashlre. Natlonal Lottery Awards for All Grant Neiworked communitie8 grant NAVCA Grant Used to support p8er workjng NHSE Lanc8 & South Cumbrla- Prlorlty Ward8 L18tenlng & Grants programmo Used to consult, support and adminlster the wards grant programme. NHSE Lan & South Cumbrla Grants Used to: allocate small grants to organlsational leadws to support tho embedding of the VCSE sector vthln Ihe integrated eare systsm. Support VCFSE Involvement In th8 ICBIICP and programme wticipalion. &Jpport dolivery arKb development of the LSC VCSFE Prwamme. LCC VCFS Engagoment Supwt delivery and development of the VCSFE In Lanc8shire. Sprlng North Grant. Blood Pressure Projeot Used to raise health awareness and duce hospital vislts and admlssions acr06s Lancashire through provision of free blo preB6ufo chacks and associated health recommendalbns. Sprlng North Grant, Asthma Project Used to ra188 health awarenes8 and reduce hospital vlsits and admissions across Lancashlre through prov131on of Intsmauon an(J associated health recommendations.
COMMUNITY COUNCIL OF LANCASHIRE TIA COMMUNITY FUTURES NOTE8 TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 12 Statsment of funds (Gontlnuod) Spring North Grant, Flu & Covid Project Used to raise health awareness and reduce hospital vists and admissions across Lancashir8 through provlslon of infmation and associated health recommerKlalion8. Sprln9 North Grant. Hollday Activlty and Food Programmo Usthl to t0VIde free places at holiday dub5 in Preston for thldren ellglble for free School meals or vnerable famllles. COREN (Communlty Ra8•ah and Engagement Net¥rnrk) Grant Used to provlde input and expertise for the development and of Ihe network. Preston Clty Coundl- Household Famlly Support Fund US to provide food and meals to chlldren arxl familie5 tlwh our community 8nd childcare activilies. 13 Related party transactlong During Ihe year, the charity incurred expendliure totslllng £5,236 (2023: £18,091) on behalf of Galloway Hall. a separate charlty controlled by the TnJstee5 of CnMunity Council of Lancashire, which was then recharged. £4,050 (2023: £3,000) was also charged to Galloway Hall for bu6ine5S SUPPOrt servi. The balance due from Galloway Hall at the yew end was £nil <2023: £nil). -23-