Company registration number: 00333713 Charity registration number: 702233 COMMUNtrY COUNCIL OF LANCASHIRE KNOWN AS COMMUNrrY FUTURES (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES CONTENTS Reference and Administrative Detalls Trustees, Rewt 2to6 Independent Examiner's Report 7t08 Statement of Flnancial Activlties Balance Sheet 10 Ststement of Cash Flows 11 Notes to the FinanGial Statements 12to23
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES REFERENCE AND ADMINISTRATIVE DETAILS Chief Executive Officer Denise Partington Registered Offlce 15 Victoria Road Fulwood Preston Lancashire PR2 8PS The charity Is Incorporated in England. Company Registratlon Number 00333713 Charity Registration Number 702233 Independent Examiner Rotherham Taylor Limiled 21 Navigation Business Village Navigation Way Ashton-on-Ribble Preston PR2 2YP Page 1
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES TRUSTEES, REPORT The trustees submit their annual report and the financial statements, which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes, of Community Council of Lancashire (the charity) for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charitys governing document. the Charities Act 2011 and Accounting and Reporting by Charilies: Statement of Recommended Practice applicable to charities preparing their a¢Unts in accordance with the Financial Reporting Standard applicable in the UK and Republ of Ireland (FRS102) published in October 2019. The information contained on page 1 forms part of this report. Structure. Governance and Management The charity is a company limited by guarantee. without share capitsl, and is govemed by its Memorandum and Articles of Association. The principal activity of the charity is the promotion of any charitable purposes for the benefit of the community in the county of Lancashire 2nd the wider North West region. On 6th October 2025 the charity structure changed from a company limlted by guarantee to a CIO. Method of appolntment or election ot trustses The management of the charity is the responsibility of the trustees who are elected and crH>pted under the terms of the Artlcles of Association. Twstees are elected each year by members at the Annual General Meeting. The trustees, who also act as directors for the purposes of the Compani8s Act, who served the charty during the year are shown on page 1. Trustee recruitment, induction and tralnlng Trustees are recruited according to thelr skills and areas of expertise commensurate with the chariws aims and objectives. Induction training is provided to all trustees on appointment to familiarise them with the work of the organisation and to ensure that they can make an irnmediate contribution io its strategic management. Training has been developed by the organisation which covers. inter alia. govemance and safeguarding matters. Trustees are encouraged to participate in this training to enhan their skill base and strengthen their accountability to the charity. The charity is aware of the need to strengthen the skills of the Board of Trustees and throughout the year, efforts have been made to generate interest in trusteeship by engaging a recruitment agerbcy and encouraging members to nominate Candidates. Trustees. liability The trustees of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. Page 2
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES TRUSTEES. REPORT Risk policy The trustees have conducted a review of the major risks to which the Gharty is exposed and developed poli¢ie5 to mitigate Ihose risks. Having conducted an intemal review of operational procedures last year. trustees have guided actions to develop a longer4erm strategy to ensure the charity minimises financial risk. strengthens existing services and develops new ones. It is anticipated that the strategy will be in place from September 2025. Intern81 risks are mintmised by the implementation of procedures for authorisation of all transactions and projects and lo ensure consistent qualty of delivery for all operational aspects of the charÈty. These procedures are p8riodically reviewed to ensure they still meet the needs of the charity. The main risks have been embodied in a risk registsr which records the likelihood and impact of each risk with current protectiv8 measures. ObJectiv•s and acllvltles The focus of Community Council of Lancashire's activities is on service delivery and promotion and development of social, economic. cultural and community activity. working wth voluntary groups and in partnership wlth public authorities. The charity is observing grh in all areas of activity. and income from childcare has shown a surplus. The alms for the year were to: Continue to deliver high quality childcare ServIS and increase levels of income to provide contingenGies in each setting. Maximise grant income for operational and business actlvty. Continue to develop family support services to help those worst affected by the cost-of-living crisis. Continue to increase support to rural communities. Continue to identity long term solutions to funding core activity. The short-term objective is to re-build pre-COVID-19 capacity across all childcare settings and use evidence provided through the delNery of grant and contract funded Vrk to maximise funding through grant aid and commissioned work. The long-term objective is to implement a strategy that will ensure the charity is sustalnable and fit for the fvture. Grant making policles The charity does not make payments of grants on its own behalf but acts as an administrator for funders. Any grants made ar8 therefore in accordance with the grant making policy of the funder. Page 3
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES TRUSTEES, REPORT Achievements and perfomiance Activty has been consistent wtth achievement of objectives. 1. Charitable Activity The Defra funded Aid in Investment grant continues to make a signrficant contribution to outcome fcrussed activity to meet the needs of rural communities. Thi5 funding enables us to identify and respond lo the specffic needs of rural communities and promote their value to slatutory decision makers. We measure the success of this activity through communty networks and individuals who have benefrtted fnjm our work in Ihis area and continued demand for our services. The Defra funded Rural Housing Enabler programme delivered on all targets and outcomes for the year. a rural housing partnership was established. and three communities were supported with Housing Needs Surveys and partnership building. Lancashir8 and South Cumbria Integrated Care Board continued to fund support to the Lancashir8 and South Cumbria VCFSE Alliance. Brenlwood House continues to provide office accommodation to 2 organisations: Selnet and Beanstalk Business Support. Income from this acllvity contributes to the overhead costs of the building. Management and support services for Galloway Hall have contlnued throughout the year. As in the previous year, we have not increased charges to support Cov119 recovery income targets. We ntInued to provide input and expertise through membership of the COREN (Community Research 8nd Engagement Netrwork) Leadership Group. This supports the development and growth of a COREN for the Applied Research Collaboration (ARC> . NAVCA fundlng was secured to contribute to the development of the national VCSE Allianc8S collaborative 'Alliance42'. Delivery of the pilot project for the development of a Village Agent Schem8 in Lancashire has produced significant outcomes for the charity and its beneficiaries. Evidence viill be used to develop and submit a funding application to NCLF for a full SerVe in early 2025. Awards for All grant funding was used to develop the website, making it more accessible to beneficiaries for a wider purpose. A grant was awarded by NHSE Lancs & South Cumbria to the Priority Wards Listening & Grants Programme for successful facilitation of 8 small local grant process and provision of support to appli¢arrts. A grant was awarded by Lancashire County Council for administration of a rural wam spaces grant programme. Applications were open to all rural community hubs in Lancashire. 2. Family Services and Childcare During the year. day provision and out of school care was provided from 4 settings: Jigsaw Burscough. Coolkidz Langho. Coolkidz Roebuck and Coolkidz Sacred Heart. Childcare income continued to increase and occupancy was at its highest since before Covid-19. Trustees recognise the continued difficulty in recwitrnent. The government has continued to provlde funding for parents to access free child¢are. Whilst this is rrentlY an expanding seTViC8 on a national level and therefore impacts the charity in a positive way. it does not fully fund the Cost of d8livery. We will continue to advocate for fully funded chlldcare at a national level through membership of Earfy Years Alliance and NDNA. Page 4
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES TRUSTEES, REPORT Grant funding was received throughout the year to contribute to the provision of 3 HAF programmes during the school holiday periods (Easter, Summer, Christmas). 125 online courses were completed via our Noodle Now training platform by our childcar8 and family support staff. 6 slaff attended 3 in person training courses. Family services have been provided throughout the year arKI include: Support for families to access financial support, through lax free childGare. NEG vouchers, Universal Credit & Child Benefit. Connecling and referring families to other support agencies e.g. CAMHS. HARV Outreach, Home Stsrt. Agreement wilh Sacred Heart Catholic School to provide support to parents of the school ended December 2024 because of school budget cuts and structural change. Family support and creche facilities continued to be provided for Sanctuary Cookalongs in Preston. Community food markets and food parcels continued to be provlded. Warm hub and stay play serylces were facilitated at Galloway Hall. In person training courses tsre provided for parents including Basic First Aid, Confidence and Resilience and Air Fryer Cookery. Grants were received from the Preston City Council Household Famity Suprrf)rt Fund to provide meals and food parcels for chitdren and families. No fundraising has taken place in this reporting period. In planning the actlvltles for the year. the trust8es kept in mind the Charity Commisslon's guidance on public benefft at a meeting of the trustees. Flnanclal revlew Th8 principal funding for charitable activity is from rental income from resident partn8rs. commissioned work and grant funding for projects and capital resources. all of which contribute to operating costs. Defra funding continues to provmje a restricted resource to support rural communities. Primary funding sources for childcare and family support continue to be childcare vouchers, private fees and grants. The surplus for the year was £65,126 (2024= surplus of £173.363). Detai15 of income and expenditure for the year are shown in the Statement of Financial Activities on Page 7. Plans for future periods Folkiwing completion of the internal review and delivery of a short-term action plan. trustees will support development of a strategy to achieve a long-tenn aim for the future. Evidenc8 of outcomes from the Village Agent Pilot proj8Ct will be used to develop a counfvid8, funded Village Agent Scheme. Grant funding will continu8 to be a significant part of the charity's income as we seek to create a more balanced. sustainable fin8ncial profile. Pag8 5
COMMUNrrY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES TRUSTEES. REPORT Key managèment personnel remuneration The charity appIS salaries to management personnel commensurate with duties and that are consistent within the parameters of nationany agreed rates of pay. The Charity considers its key management personnel to be the Chief Executive, Business Director. EYS Lead Manager and Partnership Manager. Reserves policy The reserves that tfustees have set aside seek to balan the need for financial prudence with that of ensuring sufficient funds remain available lo deliver the charivs aims and obJ"ectives. We intend to maintain our reserves at a level which is at least equivalent to £170.000. being approximately three months. 0rating expense5. Unrestricted general funds as of 31 March 2025 were £417,854. Of these funds, £300.545 are held as tangible fFxed assets, leaving free reserves of £117.309 (2024: £72,596) which is below the trustees, target. however the trustees wÈll continue lo monitor the level of free reseNes and take steps to brtng it back in line with their policy. Tru8tee8 who seNed in the year John Hymas Mark Gutt8ridge Daniel Dixon (appointed 31 st October 2024} Ashley Walker (appointed 31 st October 2024) Gordon Hart8r (resigned 31 st October 2024) Albert Atkinson (resigned 23rd January 2025) Laura Yates Fitzsimons (restgned 17th July 2025) The annual report was approved by th8 trustees of the charity on . behalf by. and signed on its Denise P ngton Chief executive officer Page e
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COMMUNITY COUNCIL OF LANCASHIRE I report to the charity trustees on my examination of the accounts of the charlty for th8 year ended 31 Marth 2025 which ar8 set out on pages 9 to 23. Responsibilities and ba81s 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 Ihe accounts in accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act,). Having satlsfied 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 Cang out my examination I have followed the Dlrections given by th8 Charity Comrnisslon under Section 145{5}(b) of the 2011 Act. Independent examlner's statement Since the Compan*s gross income exceeded £250,000 your examiner must be a member of a body listed In section 145 of the 2011 Act. I confinn that l am qualffi8d to undertake the examination because l am a member of FCCA, which is on8 of the listed bodies. I have completed my examination. I confinn that no matters have come to my attentlon connection with the examination glvlng me cause to believe: 1. accounting records wer8 not kept in respect of Community Council of Lancashlre as required by section 386 of the 2006 Act,. or 2. the accounts do not accord wilh 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 VIe which is not a matter consldered as part of an independent examinatlon., or 4. the accounts have not been prepared in accordance with the methods and principles of the Stslement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Iraland {FRS 102)]. I have no concerns and have come across no other matters in connectlon with the examination to whlch attention should be drawn in this report in order to enabl8 a proper understanding of the accounts to be reached. Page 7
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FirruRES NDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES OF COMMUNITY COUNCIL OF LANCASHIRE Mr N P Smith FCCA 21 Navlgation Business Village Navigation Way Ashton-on-Ribble Preston PR2 2YP Page 8
COMMUNrrY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 (INCLUDING INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) Unrestricted funds Restricted funds Total 2025 Note Income and Endowments from: Charitable activities Investrnent income 410.212 249 325,761 1,498 735.973 1.747 Total income 410,461 327.259 737.720 Expendlture on: Charitable aclivities (365.256) (291,081) (291,081) 36.178 (656.337) (656.337) Total expenditure 365,256) 45.205 Net income 81.383 Net movement in funds 45.205 36,178 81,383 R•conclllatlon of funds Total funds brought forward Total funds carried forward 372,461 164,271 536.732 14 417.666 200,449 618.115 Unrestri¢ted funds Restricted funds Total 2024 Note Income and Endowments from: Charltable Sctivities Investment income 337,954 519,103 188 857,057 194 Total income 337,960 519,291 857.251 Expenditure on: Charitable activities (311.819 (372,069 (683,8881 (683.888) Total expenditure Net income (311.819 (372,069) 26.141 147,222 173.363 Net movement in funds 26.141 147.222 173.363 Reconciliation of funds Total funds brought forward Total funds carrled forward 346,320 17,049 363,369 14 372,461 164,271 536,732 All of the charity's activities derlve from continuing operations during the above periods. The funds breakdown for 2024 is shown In note 14. The notes on pag8s 12 to 23 fonn an integral part of these financial statements. Page 9
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES (REGISTRATION NUMBER: 00333713) BALANCE SHEEf AS AT 31 MARCH 2025 2025 Unrestricted 2025 Restrl¢ted 2025 Total 2024 Note Flxed assets Tangible assets 205 300.750 299,865 Current assets D8btors Cash at bank and in hand 6,487 120,838 127,325 6.487 344,335 350,822 8,097 258,999 267,098 10 223,497 223.497 Creditors: Amounts falling due wlthin one year Net current assets 11 10,204) 3,253 33.4571 30.229 117,121 200,244 200,449 317,365 618.115 238,867 Nét assets 417.666 536,732 Funds of the charity: Restricted Income funds Restricted funds 200,449 200,449 164,271 Unrestricted Income funds Unrestricted fvnds 417,666 417,666 372,461 Total funds 14 417,666 21x1.449 618,115 536,732 For the financial year ended 31 March 2025 the company was entitled to exemption from audit under seclion 477 of Ihe Companies Act 2CM)6 relating lo small companies. No members have required the company to obtain an audlt of its acwunts for the year ended 31 March 2025 in accordance with section 476 of the Companies Act 2006. The trustees acknowledge ther responsibAities for comptying with the requirements of Ihe Art wilh respect to accounting records and the preparation of financial statèments. These a¢Munts have been ppared in accordance with the wovisions applicatle lo companies subject to the small compani8s' r8gime. nanc I statements on pages 9 to 23 were approved by the trustees, and authorised for issue on and signed on their behalf by: as The notes on pages 12 to 23 form an integral part of these financial statements. Page 10
COMMUNITY COUNCIL OF LANCA8HIRE KNOWN AS COMMUNITY FUTURES STATEMENT OF CASH FLOWS FOR THEYEAR ENDED 31 MARCH 2025 2025 2024 Noto Cash flows from operatlng activltles Net cash income 65.126 173,363 Adjustments to cash flows from nonrycash itoms Depreciation Investment income 2,602 <1.747) 65,981 2.204 {194) 175.373 Worklng capltal adjustments Decrease in debtors Increase in Creditors 1,610 19.484 7.626 1,304 11 Net cash flows from operating actNities Cash flows from investlng acllvities Int8rest received Acquisitions of tangible assets Proceeds from sale of tangible assets Net cash flovrfs from Investing actlvltles Net increase in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March 87.075 184,303 1,747 (3,486) 194 6.941 1.739 7.135 85.336 191.438 258,999 67.561 344,335 258.999 All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 12 to 23 form an integrdl part of these financial statemen15. Page11
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 CHARITY STATUS The charity is limited by guarantee, incorporated in England, and consequently d$ not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. 2 ACCOUNTING POLICIES Summary of Signrficant accounting policies and key accountlng estimates The principal accounting policies applied in the preparation of these financial staternents are set out below. These policies have been consistently applied to all the years presented. unless otherwise ststed. ststem•nt of compllance The financSal ststements have been prepared in accordance with A¢¢ounting 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)) {issued in October 2019) - (Ch8riti88 SORP (FRS 102)). the Financial Reporting Standard applicab18 in the UK and Republlc of Ireland (FRS 102) and the Cornpanies Act 2006. Basls of preparatlon Community Council of Lancashire meets the definltion of a public b8nefit entity under FRS 102. Assets and liabilities are inttially recognis8d at historical cost or transaction value unless Otherwise ststed in the relevant accounting policy notes. Going concem The trustees are required to assess whether the use of going concern is appropriate, l.e. whether there are any material uncertainties related to events or conditions that may cast significanl doubt on the abilty of the charity to continue as a going concem. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation of the accounts. The Trustees and Management have put plans in place to manage the situation and monttor reserves levels. At the date of approving these accounts the trustees have a reasonable expectation that the charity will be able to manage the situation and that it has sufficient cash resi)urces to enable it to meet its liabilities as they fall due for at least 12 months from the date of approval. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Page 12
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income and endowments All in¢orning resources are included in the Statement of Financial Activities {SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received except for the following: When donors specify that donations arKI grants given to the charity must be used in future accounting periods. the income is deferred until those periods. . When donors impose condition5. which must be fuifille(I before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the preconditions for use have been met: and When donors specrfy that donations and grants. including capital grants. are for restricted purposes. which do not amount to preconditions regarding 8ntitlement. this income is included in incoming resources of restricted funds when receivable. Expendlture All expenditure is accounted for on an accruals basis and has b88n included urKler expense categories that aggregate all costs for allocation to activlties, Where costs cannot be dir8Ctly attributed to activities, they have been allocated on a basis consistent with the use of the resources. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional. such grants being recognised as expenditure when the conditions attaching are fuffilled. Grants offered subject to conditions which have not been met at the year end are noted as a commilment but not accrued as expenditure. Support costs have been identrfied based on the nature of the expense. Occupancy costs and payrolllhuman resource costs have been allocated to projects based on headcount. IT and general administration costs hav8 been allocat&d to projects on an equal basis. Line management costs have been allocated to projects based on time spent. Governance costs include those costs incurred In the governance of the Charitys assets and are associated with constitutional and statutory requirements. Support costs Support costs include central functions and have been allocated to activity Cost categories on a basis consistent with the use of resources. for example. allocaling propety costs by floor areas. or per capita. staff costs by the time spent and other costs by their usage. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purkK)ses. Accordingly, the charity is potentially 8X8mpt from Lgxation In respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Seclion 256 of the Taxation of Charg8able Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Page 13
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 MARCH 2025 Tanglble flxed assets Expenditure is only capitalised when it meets the definition of capital expenditure and when tt is deemed to be of material value. Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is not tharged on freehold. As the trustees consider the estimated residual value of freehold propety to be greater that the net book value, they believe that both Current and accumulated depreciatron are immaterial and no provision is made in the accounts. The estimated residual value is expected to be high due to the charity's policy of maintaining the propety such that physical deterioration does not OGcur and the costs of such maintenance are charged in the year of incidence. Depreciation and amortlsatlon Depreciation on other tsngible fixed assets is provided at rates calculated to wite off the costs of those assets. less their estimated residual value. over their estimated useful lives on the following bases: Asset class Furniture and equipment Computer equipment Depreciatlon method and rate 100/0 pa stralght Ilne 20¥0 pa straight line Trade debtors Trade debtors are amounts due from customers for merchandise sold or $8rvices p8rfomied In the ordinary course of business. Trade debtors are recognised Initially at the transaction prlce. They are subsequently measured at amortised cost using the effective Interest method. less provislon for impaiment. A provision for the Impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original temis of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi highly liquid investrnents that are readily converlible to a known amount of cash and are subject lo an insignificanl risk of change in value. Trade creditors Trade cfeditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charty does not have an unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least Iwelve months after the reporting date. ff there is an unconditional right to defer settlement for at least 1ve months after the reporting date. they are presented as non-current liabiliti-es. Trade creditors a recognised inrtlally at the transaction price and subsequenlly measured at amortised cost using the effective interest method. Page 14
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Fund structure General funds are unrestricted funds. which are available for use at the discretion of the trustees in furtherance of the general objectives of the cornpany and lch have not been designated for other purposes. Designated funds comprlse unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in th8 notes to the financlal statements. Restricted funds ar8 funds which are to be used in accordance with specific restrictlons imposed by donors whlch have been raised by the company for partlcular purposes. Th8 Cost of raising and administering such funds are charged against th8 specFfic fund. The alm and use of each restricted fund is set out in the notes to the financial statements. 3 INCOME FROM CHARITABLE ACTIVITIES Unrestricted funds General Restri¢ted funds Total funds Community projects Childcare and family support Total for 2025 35.678 374,534 319,856 5,905 355,534 380,439 410,212 325,761 735.973 Total for 2024 337.954 519,103 857.057 4 INVESTMENT INCOME Unrestrlcted funds General Restrlcted funds Total funds Interest receivable and similar income: Bank and other interest receivable 249 1,498 1.747 Total for 2025 249 1.498 1,747 Total for 2024 188 194 Page 15
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 5 EXPENDITURE ON CHARITABLE ACTIVITIES Actlvlty undertaken directly Actlvlty support osts 2025 2024 Communty projects Childcare and family support 19.968 301,533 334.835 321.501 334,835 412,322 271.566 19.968 636,368 656.336 683.888 In addition to the expenditure analysed above, there are also governance costs of £1,680 (2024 £1,680) whith relate dir8Ctly to charitsble activities. See note for further details. The trustees have decided to meet all govemance costs from unrestricted funds and so no allocation or charge is made to stricted funds for any governance related costs. During the year one trustee was paid remuneration of £75.110 (2024.- £71.403), including pension contributions of £13,581 {2024.' £12,871), striclly for their role as an employee of the charity and not for their servi$ as a trustee. No other trustees received remuneration, benefits in kind or expenses in the current and previous year. There were no transactions with other related parties other than those disclosed in note 16. Page 16
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 6 STAFF COSTS The aggregate payroll Costs were as follows: 2025 2024 Staff Costs during the year were: Wages and salaries Social security costs Penslon costs 394,996 30,752 35,651 461.399 376,295 31,063 43.996 451.354 The average numb8r of persons (including senior management I leadership team) employed by the charlty during the year expressed as full time equivalents was as follows.. 2025 No 2024 No Administrative & Project management Administrative & Project support staff Family Support & Childcare management Family Support & Childcare staff 14 The number of employees whose emoluments f811 within the following bands was: 2025 2024 No £60.001- £70.000 £70,001- £80,000 The total employee ben8fits of the key management personnel of the charity were £281.340 (2024 - £267,649). Page 17
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 7 TAXATION The charity is a registered charty and is therefore exempt from taxation. 8 TANGIBLE FIXED ASSETS Land and bulldlngs Furnlture and equlpment Computer equipment Total Cost At 1 Aprll 2024 Additlons 295,000 40,158 205 25,567 3,282 360.725 3,487 At 31 March 2025 295,000 40,363 28,849 364,212 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 35,353 1,885 25,507 717 60.860 2,602 37,238 26,224 63,462 Net book value At 31 March 2025 295.000 3,125 2,825 300.750 At 31 March 2024 295.000 4,805 60 299.865 Freehold land and buildings included above were recognised using a previous open market existing use valuation basis as 8 deemed Cost on transition to SORP 2015 (FRS102). Th8 trustees are of the belief that th8 value of the land and bulldings would be in ex$$ of £295,000 if they were to be sold as resklential property rather than commercial property. 9 DEBTORS 2025 2024 Trad8 debtors Prepayrnents 5,751 736 8.097 6,487 8,097 10 CASH AND CASH EQUIVALENTS 2025 2024 Cash on hand Cash at bank 1,286 343,049 652 258.347 344,335 258,999 Page 18
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Payments on Account Othor creditors Accruals 4.616 1,869 8.778 18.194 2.612 2.024 5,279 20.314 30.229 33.457 12 PENSION AND OTHER SCHEMES Pension commitments The Charity participates in a multi-employer defined benefrt scheme for certain employees. operated through Lancashire County Council. The fund is valued at reast every three years by a professionally qualified independent actuary. The latest available report by th8 LCC actuary has been pr8pared as at 31 March 2022. The report s)Wed that the market value of the assets relatlng to Community Council of Lancashlre's share of the scheme was £2.133 million and that the actuarial value of Ihose assets represented 114Vo of the benefits that had accrued to members. after allowing for expected futur8 increases in earnlngs. Following the most recent actuarial valuatlon. done for the purpose of setting future contribution rat8S. the actuary indicated that the surplus attributable to the charity for contribution purposes amounted to £264,000. In accordance with SORP 2018, a pension scheme asset has not been recognised as this surplus is not expected to be recovered in the future. Since the charity's share of assets and liabilities within the scheme can be determined, the pension scheme should be accounted for as a defined benefit pension scheme in accordance with FRS102. However. the trustees do not believe that it is a worthwhile use of the chariws resources to pay for the actuarial report which would be required to determine the charity's share of assets and liabilities as at 31 March 2024 calculated in a¢¢ordance with FRS102 and to enable the appropriate discbsure5 to be made. As an alternative. since the valuations done as at 31 March 2019 and as at 31 March 2022 for the purposes of setting contribution rates showed surpluses. with effect from the year ended 31 March 2020, the trustees have accounted for the contributions paid to the scheme in the year in the Statement of Financial Activities. Therefore. no further adjustments were required during the year ended 31 March 2024. As a result. as the scheme has not been accounted for in accordance with FRS102, the trustees are unable to quantify the impact of non-compliance with the standard. Page 19
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13 COMMITMENTS Capltal commltments At 31 March 2025 the charity had future minlmum lease payments under non-cancellable operating leases as set out below: The total amount contract8d for but not provlded in the financial ststements was £2,4 {2024 £2,400). Page 20
COMMUNrrY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14 FUNDS Balance at 1 Aprll 2024 Incoming resources Rosources expended Balance at 31 March 2025 Unrestricted funds General General Funds - Incoming resources 372,461 410,461 (365,256 417.666 Total unrestricted funds 372,461 410.461 365,256 417.666 Restrictéd funds National Lottery Community Fund - Connectlng Communities Grant NL Village Agents NL Awards for ALL ACRE RHE Programme NHSE legacy fund - Cohort NHS Lancs & Cumbria Grants - Programme Development Fund NHS Lancs & Cumbrla Granls ICB Partnership Fund NHS Lancs & Cumbrla Granls ICB Partlcipation Fund Cor8n - Community Research Engagement Neknrk NAVCA - Peer working Breniwood House Trust PCC- Household Support Fund RWH Communty futures ACRE Family supportlchildcare {80) 80 (51,029) (2,068) (61,218) 66.887 2.068 60,248 (10.000) 15,858 35 10,000 (935) 9.632 70,339 (71,494) 8,477 16,500 (16,493) 3.502 1,300 {4,074} 728 3,500 250 1.498 {7,794} {2,477} {940) 1.500 135,388 (727) 135,946 4,280 50,000 21,566 44.240 1,625 334,301 {4,280) {7,000> (21,302) (44,240> {3,794) {298.123 43.000 264 (2,169 200,449 164.271 Total funds 536,732 744,762 (663.379 618.115 Page 21
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Balance at 1 April 2023 Incoming resources Resources expended Balan¢0 at 31 March 2024 Unrestrlcted funds G•neral General Funds - Incoming reSoUeS 346.320 337,960 {311.819) 311,819) 372,461 Total unrestrJ¢ted funds 346,320 337,960 372,461 Restricted funds National Lottery Community Fund - Connectlng Communities Grant NL Village Agents NL Awards For ALL Rural Community Actlon NeOrk - ACRE ACRE RHE Programme NHSE legacy fund - Cohort NHS Lancs & Cumbria Grants Programme Development Fund LCC VCFSE Development NHS Lancs & Cumbria Grants ICB Partnership Fund NHS Lancs & Cumbria Grants ICB Participatlon Fund Coren - community re88arch Spring North - Blood pressure LSC Communlty Listening LSC Preston Non-recurrent Grant programme NAVCA - Peer working Brentynod House Trust PCC - Household Support Fund Investment income 364 14.500 12,748 6,024 (14,944) {12,748) (6,024) (80) 44,240 17,405 10,000 (44,240) (17,370> 18,250) 35 10.000 8,250 8,435 56.639 50.000 {55,442) (50.000) 9.632 16,500 (16.500) 15.000 7.000 10,000 5,600 (11,498) (2,706) (10,000) (5,600) 3,502 4,294 112.467 1.500 135,200 (112,467) 1.500 135,200 4,280 188 (4,280) 188 17.049 519,291 372.069 164,271 Total lunds 363,369 857,251 683.888 536,732 Page 22
COMMUNITY COUNCIL OF LANCASHIRE KNOWN AS COMMUNITY FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlcted funds General Total funds at 31 March 2025 Restricted funds Tangible fixed assets Current assets Current liabilities 300,545 127,325 (10,204) 417,666 205 223.497 (23,253) 200,449 300.750 350.822 (33.457) 618,115 Total net assets Unrestricted funds General Total funds at 31 March 2024 Restricted funds Tangible fixed assets Current assets Current liabilitl8S 299.865 83,073 {10.477 372,461 299,865 267.096 {30.229) 536.732 184.023 19,752 Total net assets 164.271 16 RELATED PARTY TRANSACTIONS During the year the charity made the following related paty transactions.. Galloway Hall During the year, the charlty incurred expenditure totalling £13,452 (2024.. £5,236} on behalf of Galloway Hall, a separate charity controlled by the Trustees of Community Council of Lancashire, which was then recharged. £5.400 (2024: £4,050) was also charged to Galloway Hall for business support services. balance sheet date the amount due tolfrom Galloway Hall was £Nil (2024 - £Nil). Al the 17 NON-ADJUSTING EVENTS AFTER THE FINANCIAL PERIOD On 6th October 2025 the charity structur8 changed from a company limited by guarantee to a CIO. Page 23