# # ## |||Page| |---|---|---| |Chair's Report||| |Trustees'
Annual
Report||| |Statements
ofTrustees'|Responsibilities|| |Independent
Examiner's|Report|| |Statement
of Financial|Activities|| |Balance Sheet||10| |Notes to the Financial Statements||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE||DETAILS|DETAILS|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Name|||Priority Management||||Limited||||||| |Company|number||01967563||||||||||| |Charity number|||702851||||||||||| |Registered||Office|Riverside|Learning||8|Education|Centre,|||||| ||||Hyslop Street,||||||||||| ||||Liverpool,||||||||||| ||||England,||||||||||| ||||L8 5UA||||||||||| |Board ofTrustees|||The Board||ofTrustees||are also|its directors.||Members||are elected|| ||||by Annual||General|Meetings||of the|members||of the|council|in| ||||accordance||with the Articles of|||Association.|||||| |Trustees|||J Hughes||||||||||| ||||M Taxman||||||||||| ||||N P Turner||||||||||| |Company|Secretary||L Bennett||||||||||| |Independent||Examiner|Paula Sanchez ACCA||||||||||| ||||c/o LCVS,||||||||||| ||||151 Dale Street,||||||||||| ||||Liverpool,||||||||||| ||||L2 2AH||||||||||| |Bankers|||HSBC City||Branch,||||||||| ||||99-101 Lord Street,||||||||||| ||||Liverpool||||||||||| ||||L2 6PG||||||||||| |SIg'ned o||e alf ofthe|Board ofTrustees||||||||||| |J Hughes,|Trustee|||||Date|||||||| ## ## ## |||Notes|Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||Funds|Funds|Funds|Funds| ||||2023|2023|2023|2022| |Income and endowments||||||| |from:||||||| |Donations
and legacies||3a|55||55|70| |Charitable
activities||3b|53,068|9,690|62,758|86,081| |Other trading
activities||3C|4,827||4,827|4,175| |Investments||3d|18||18|4| |Total income|||57,968|9,690|67,658|90,330| |Expenditure
on:||||||| |Charitable
activities|||72,873|16,808|89,681|96,351| |Total expenditure|||72,873|16,808|89,681|96,351| |Net expenditure|||(14,905)|(7,118)|(22,023)|(6,021)| |Gain(losses)
on investments||||||31| |assets||||||| |Net Movement
in funds|||(14,901)|(7,118)|(22,019)|(5,990)| |Total funds brought|forward|10, 11|189,656|8,901|198,557|204,547| |Total funds carried|forward|9-11|174,755|1,783|176,538|198,557| ## |BALANCE SHEE|T AS AT 3|1sT MARCH|2023|||| |---|---|---|---|---|---|---| |||Notes|31"March|2023|31"March|2022| |Fixed assets||||||| |Tangible fixed assets||||171,231||180,244| |Investments||||330||326| |||||171,561||180,570| |Current assets||||||| |Debtors|||1,434||3,264|| |Cash at bank and|in hand||6,103||16,294|| ||||7,537||19,558|| |Current
liabilities||||||| |Creditors: amounts
falling
due within
one year|||(2,560)||(1,571)|| |Net current assets||||4,977||17,987| |Total assets less
liabilities|current|||176,538||198„557| |Funds:||||||| |Unrestricted
funds||9, 10||174,755||189,656| |Restricted
funds||9,11||1,783||8,901| |||||176,538||198,557| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Unrestricted|Unrestricted|Restricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---|---|---| |||||||Funds|Funds||Funds|Funds| |||||||2023||2023|2023|2022| |b.|Charitable
activities:|||||E||E||| ||Alternative
education
Programme|||||7,553|||7,553|492| ||Feeding
Liverpool|||||||3,805|3,805|| ||HMRC Job Retention Scheme|||||||||12,609| ||LCVS Community
Impact
Fund|||||||1,500|1,500|| ||National
Lottery Awards|for|All|||||||9,948| ||Vocational
Training|||||45,515|||45,515|48,927| ||Workers
Education
Association|||||||4,385|4,385|14,105| |||||||53,068||9,690|62,758|86,081| ||Income from charitable|activities|||in 2022 comprised|||f62,028|unrestricted|funds and| ||restated f24,053 related||to restricted|||funds.||||| |c.|Other trading
activities:|||||||||F| ||Rent contribution|||||4,827|||4„827|4,175| ||Other trading
activities income|||for|2022 related||wholly|to unrestricted
funds||| |d.|Investrnenis:|||||||||| ||Bank interest||||||||14|| ||Dividends|||||||||| |||||||18|||18|| ## |||||Direct|Support &|Total|Total| |---|---|---|---|---|---|---|---| |||||Charitable|Governance|2023|2022| |||||Expenditure|Costs||| ||||||E||| |Provision
training|of|education|and|78,890|10,701|89,681|96,351| ## ## ## |Analysed
as|fo|llo|ws|||| |---|---|---|---|---|---|---| ||||||2023|2022| |Direct Charitable|||Expenditure:|||| |Staff salary|costs||||48,736|56,977| |Pension||||||1,110| |Freelance tutors|||||5,400|7,500| |Other staff costs||||||268| |Food|||||1,871|| |Activites|||||2,326|| |Volunteer
expenses||||||66| |Running
costs|||||9,019|6,616| |Course fees|||||2,788|4,899| |Depreciation|||||8,840|8,800| ||||||78,980|86,236| ||||||2023|2022| |Support 8 Governance||||Costs:|E|| |Staff salary|costs||||786|1,410| |Office Costs|||||2,431|2,177| |Bank charges|||||164|132| |Companies|House filing|||fee|13|13| |Marketing|||||504|504| |Subscriptions||and|memberships||313|595| |Insurance|||||4,280|3,660| |DBSfees|||||518|155| |HMRC interest||||||10| |Payroll fees|||||579|232| |Accountancy|||||940|910| |Depreciation|||||173|317| ||||||10,701|10,115| |Total charitable||activities|||89,681|96,351| ||f16,808 (2022:f15,93'I) ofthe|above expenditure
rel|ates to restri| |---|---|---|---| |b.|Staff Costs|2023
E|2022
f| ||Staff salaries|49,522|58,387| ||Social security costs||| ||Pension||1,110| |||49,522|59,497| ## |Tangible fixed assets|||| |---|---|---|---| ||Freehold|Fixtures,|Total| ||property|Fittings
&|| |||Equipment|| |Cost or revaluation
As at I"April 2022|250,000|E
63,678|313,678| |Balance as at31"March 2023|250,000|63,678|313,678| |Accumulated
Depreciation
As at 1"April 2022|70,401|63,033|133,434| |Charge for the year|8,800|213|9,013| |Balance as at31"March 2023|79,201|63,246|142,447| |Net Book Value at 31"March
2023|170,799|432|171,231| |Net Book Value at 31"March
2022|179,599|645|180,244| ## ## ## |Fixed asse|t investments|||| |---|---|---|---|---| ||||2023|2022| ||||E|f| |Market Value at beginning||of|326|295| |year||||| |Unrealised|gain during year||4|31| |Market value at end ofyear|||330|326| |Cost at end|ofyear|||| ## |Debtors||| |---|---|---| ||2023|2022| |Debtors||2,105| |Prepayment|1,434|1,159| ||1,434|3,264| ## |Creditors: amounts
falling due|within one year|| |---|---|---| ||2023|2022| ||E|| |Accruals|1,013|910| |Creditors||| |Other creditors|761|98| |Tax and Social security|786|563| ||2,560|1,571| ## ## |Analysis
of|net assets|betwe|en
funds|||| |---|---|---|---|---|---|---| ||2023||Tangible
fixed assets|Investments|Net current
assets|Total| |Unrestricted|Funds||||F|| |General
Fund|||158,819|330|(34,056)|125,093| |Designated|Fund||||37,600|37,600| |Revaluation|Reserve||12,062|||12,062| ||||170,881|330|3,544|174,755| |Restricted|Funds|||||| |Big Lottery Fund Grant|||350|||350| |Feeding
Liverpool|||||1,433|1,433| ||||350||1,433|1,783| |Totals|||171,231|330|4„977|176,538| ||2022||Tangible
fixed assets|Investments|Net current
assets|Total| |Unrestricted|Funds||F||F|P| |General
Fund|||166,906|326|(29,673)|'I37,559| |Designated|Fund||||39,281|39,281| |Revaluation|Reserve||12,816|||12,816| ||||179,722|326|9,608|189,656| |Restricted|Funds|||||| |Big Lottery Fund Grant|||522|||522| |National
Lottery Awards
All||for|||8,379|8,379| ||||522||8,379|8,901| |Totals|||180,244|326|17,987|198,557| ## ## |||||Movement|in the|ear||| |---|---|---|---|---|---|---|---|---| |||Funds|Income|Expenditure|Investment||Transfer|Funds| |2023|at|Beginning||||Gains|Between|at End| |||ofyear|||||Funds|ofyear| ||||||||f:|| |General
Fund||137,559|57,968|(70,438)|||(-)|125,093| |Designated
Fund||39,28'l||(1,681)||||37,600| |Revaluation
Reserve||12,816||(754)|||(-)|12,062| |||189,656|57,968|(72,873)||||174,755| |||||Movement|in the|ear||| |||Funds|Income|Expenditure|Investment||Transfer|Funds| |2022|at|Beginning||||Gains|Between|at End| |||ofyear|||||Funds|ofyear| ||||E|||E||| |General
Fund||159,215|66,277|(79,667)||31|(8,297)|137,559| |Designated
Fund||30,984|||||8,297|39,281| |Revaluation
Reserve||13,569||(753)|||(-)|12,816| |||203,768|66,277|(80,420)||31||189,656| ## ## ## ## ## ## ##