PRIORITY MANAGEMENT
LIMITED
ANNUAL REPORT &
FINANCIAL STATEMENTS FOR THE
ST
YEAR ENDED 31 MARCH 2024
Company Number: 01967563
Charity Number: 702851

PRIORITY MANAGEMENT LIMITED
CONTENTS
Page
Chair's Report
Trustees, Annual Report
Statements of Trustees, Responsibiltties
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10

PRIORITY MANAGEMENT LIMITED
CHAIR'S ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024
VOCA TIONAL
We continue to rebuild. following the impact of Covid as people's and our student's commitment
to studying has yet to reach pre covid levels. Our tutors are finding that for many individuals they
are having to continually encourage and push for the completion of work.
Whilst offering staff the flexibility hours, we have largely returned to our usual regular bespoke
offer.
Our delivery continues to exceed that required by ftjnders and that of our awarding bodies, i.e.,
NCFE, and Focus, as we continue to offer as a norm, one to one delivery and intensive support.
This has proven over the years to give those people struggling to reengage in economic activity
the best chance to thrive. Our tutors are very experienced, and we make use of peer support for
those who may doubt their ability to undertake the course. Our achievement rate of 93 % for all
starters is testament to the all-round care provided by our tutors.
Through our support of employers offering our student placements. we have been able to
achieve a 730/0 employment destination for our students. Delivery is primarily through the
Advanced Learner Loan system, which for all its negatives. delivers a very flexible offer allowing
us to accept.
Once again Support for Teaching and Learning training remains the most favoured course with
very few starts on the Early Years Educator qualification. School work provides a very family
friendly working regime. with school holidays and sociable hours. Most importantly it has
repeatedly provided a route from economic inactivity to reengagement as schools value the life
experience our students bring, when coupled with the knowledge and working practices
engendered by our course. Although, all benefit from this journey, it is our single parents who
gain the most as they build confidence and an "I can do this" attitude. We now have several ex-
students who have used their training and subsequent work experience to gain university places
to train as teachers, something we are very proud of.
COMMUNITY
Our work to support the community has flourished this year with the assistance of the Lottery
Awards for All and our partnership with the Good Things Foundation. The latter has supplied free
Data Sim cards to those having difficulty affording internet access from their mobile devices.
Our free food table in conjunction with Fareshare has to date, made 424 collections and provided
9189Kgs of food equivalent to 22180 meals. Something that is assisting many of our users,
local families and refugees. This work has only been possible with the support of our team of
volunteers who perform different roles when delivering this.
Thanks to Feeding Liverpool we have been able to supplement our food offer by distribute gifts of
food leading up to Christmas and providing ongoing refreshments for our centre users.
The offer of free internet access and computer time to the public has developed over the year as
we have benefitted from two grants for the Liverpool City Region for capital spend. This was
achieved through a partnership with VOLA a voluntary organisation networking group. We hope
there will be a further funding round as we have other ideas we wish to resource. Sadly, the
funding is purely capital and so it is our partnership with the lottery that allows us to do what we
do.

PRIORITY MANAGEMENT LIMITED
CHAIR'S ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024
We have also benefitted from a contribution towards ICT staff costs and overheads from
Liverpool Council of Voluntary Services Impact Fund and The Big Little grants for improvements
to our entrances.
Towards the end of our year, we received the good news that our application for a government
Cost-of-Living grant had been approved. Unusually, this provided retrospective funding as well as
revenue and capital purchases till the end of March. This was a very timely intervention as
finances were very tight and has enabled us to pay a small wage increase to the staff and limited
expenses to our volunteers.
The capital element of the grant has funded some minor alterations to the building which will
allow us to meet food hygiene requirements and have a soup making facility.
However, overall, the grant has given us a short breathing space whilst we try to identify other
longer term funding sources.
OTHER WORK
We continue to support the work of the local development trust Dingle 2000 CFC by housing their
office and supplying administrative support. Sadly, they and we lost one of their founding
members this year (Roger O'Hara) a local activist who had been a guiding light and strong
advocate for the area. Consequently, we have provided significant extra support and have been
organising maintenance. bookings and a major building programme.
SUPPORTERS
It would be wrong not to recognise the support we have received from other local organisations
and people.. Tipografic (stationery). Mill Street Garage, Toxteth Tabernacle, Steve Munby (local
councillor) and of course our long-standing Board of Trustees. We also have a loyal band of
volunteers who support our work whilst benefitting from the social contact with others.
FUTURE
Our Trustees have started a project to look at the future direction of the organisation and what
routes they may have. They remain committed to the objectives of the organisation however
consider it prudent to look al options given the continued rise in running costs.
John Hughes, Chair
Date

PRIORITY MANAGEMENT LIMITED
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024
The Trustees are pleased to present their annual report for the year ended 31 sl March 2024.
The financial statements have been prepared in accordance with the charity's trust deed, the
Charities Act 2011 and Accounting 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 published (FRS 102) as
amended for accounling periods commencing from 1 St January 2019.
OBJECTIVES AND ACTIVITIES
Established in 1985, the aim of the charitable company is to advance the vocational
preparation, training. and education of unemployed or employed people primarily from
Liverpool. This built upon work started in 1979 when providing work experience opportunities
for local young adults.
The charitable company has also provided support and accommodation for other community
organisations.
The charitable company continues to use the Adult Learner Loan facility, which has enabled us
to assist adults wishing to enter teaching assistant or early years work. Encouragingly this is
still providing employment opportunities and in doing so, is offering lrfe-changing opportunities
for people, many of whom had been out of the workplace for an extended period, whilst raising
their families.
We continue to attract single parents with the majority coming from areas of deprivation and
our courses frequently make a significant impact on family finances with 73% going to
employment.
FINANCIAL REVIEW
Total income for the year was £123.188 {2023: £67,658) of which £71,561 (2023: £9,690),
related to funding for projects upon which restrictions are placed.
Total expenditure for the year was £115,517 (2023: £89,681), leaving a surplus for the year of
£7,671 (2023: deficit £22,023) before gain on investment assets.
At 31 st March 2024 the charitable company's reserves stood at £184.237 (2023: £176,538) of
which £23,172 (2023: £1,783) represented restricted funds.
Risk Management
The main risks to which the charitable company is exposed as identified by the Trustees have
been considered and systems have been established to mitigate those risks.
Reserves Policy
It is the policy of the charitable company to mainlain free reserves (unrestricted funds not
represented by fixed assets) at a level to cover redundancy provision and one month's running
costs should no further funding be received.
At the end of the financial year, unrestricted funds totalled £161.065 of which £164,269 is
represented by fixed assets, leaving a deficit reserves of £3,204 (2023: surplus £3,956). The
charitable company requires £18,167 for redundancy provision and £5,446 for one month's
running costs, (total £23,613).
The charitable company will be seeking to build free reserves in the coming year through
reducing costs and increasing sources of income.

PRIORITY MANAGEMENT LIMITED
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Priority Management Limited (also known as Riverside Learning and Education Centre) is a
charitable company, limited by guarantee, registered on 2nd December 1985 (company number
01967563) and registered as a charity with the Charity Commission on 1 st May 1990 (charity
number 702851).
The Governing Instruments under which the charitable company operates comprise of the
Memorandum and Articles of Association dated 2nd December 1985 and revised by special
resolution on 2nd March 1988. It is managed by an Executive Committee of Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Name
Company number
Charity number
Registered Office
Priority Management Limited
01967563
702851
Riverside Learning & Education Centre,
Hyslop Street,
Liverpool,
England,
L8 SUA
Board of Trustees
The Board of Trustees are also its directors. Members are elected
by Annual General Meetings of the members of the council in
accordan￿ with the Articles of Association.
Trustees
J Hughes
M Taxman
N P Turner
Company Secretary
Independent Examiner
L Bennett
Ying Huang ACCA
LCVS,
151 Dale Street,
Liverpool,
L2 2AH
Bankers
HSBC City Branch,
99-101 Lord Street,
Liverpool
L2 6PG
Signe.
alf of the Board of Trustees
ughes, Trustee
Date

PRIORITY MANAGEMENT LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Company law requires the Trustees (who are also the Directors for the purposes of
company law), to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company as at the balance sheet date
and of its incoming resources and application of resources, including income and
expenditure, for the financial year. In preparing those financial statements, the Trustees
should follow best practice and".
select suitable accounting policies and then apply them consistently-
observe the methods and principle in the Charities SORP"
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charitable company will continue as a going concern.
state whether applicable accounting standards have been followed, subject to any
material departure disclosed and explained in the financial statements.
The Trustees are responsible for maintaining proper accounting records which disclose
with reasonable accuracy at any time the financial position of the charitable company and
to enable them to ensure that the financial statements comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the charitable company
and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
The financial statements have been prepared in accordan￿ with the charity's trust deed,
the Charities Act 2011 and Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordan￿ with
the Financial Reporting Standard applicable in the UK and Republic of Ireland published
(FRS 102) as amended for accounting periods commencing from 1 St January 2019.
Byor
ftheBo
-Hug
Trustee
Riverside Leaming & Education Centre.
Hyslop Street,
Liverpool.
England,
L8 SUA

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
PRIORITY MANAGEMENT LIMITED
report on the accounts of the charitable company for the year
ended 31 St March 2024. which are set out on pages 8 to 20.
Res
ective
The Trustees (who are also the Directors of the company for the
res
onsibilities of
purposes of company law) are responsible for the preparation of
trustees and examiner the accounts. The Trustees consider that an audit is not required
for this year under section 144(2) of the Charities Act 2011 (the
2011 Act) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act,
to follow the procedures laid down in the general Directions
given by the Charity Commission (under section 145{5)(b) of
the 2011 Act. and
to state whether particular matters have come to my
attention.
Basis of inde
endent My examination was carried out in accordance with general
examiner's statement Directions given by the Charity Commission. An examination
includes a review of the accounting records kept by the charitable
company and a comparison of the accounts presented with those
records. It also includes consideration of any unusual items or
disclosures in the accounts. and seeking explanations from the
Trustees concerning any such matters.
The procedures
undertaken do not provide all the evidence that would be required
in an audit. and consequently no opinion is given as to whether the
accounts present a 'true and fair, view and the report is limited to
those matters set out in the statement below.
Inde
endent
In connection with my examination, no matter has come to my
examiner's statement attention:
(1) which gives me reasonable cause to believe that in. any
material respect. the requirements:
to keep accounting records in accordance with section 386
of the Companies Act 2006: and
to prepare accounts which accord with the accounting
records and comply with the accounting requirements of
section 396 of the Companies Act 2006 and with the
methods and principles of the Statement of Recommended
Practice: Accounting and Reporting Charities
have not been met; or
(2) to which, in my opinion. attention should be drawn in order
to enable a proper understanding of the accounts to be
reached.
Name: Ying Huang
Relevant professional qualification or body: ACCA
Address: LCVS 151, Dale Street, Liverpool, L2 2AH
Dated:

PRIORITY MANAGEMENT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE
ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2024
Notes Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Income and endowments
from:
Donations and legacies
Charitable activities
Other trading activities
Investments
1,453
42,315
7,818
41
1,453
113,876
7,818
41
55
62,758
4,827
18
3b
3c
3d
71,561
Total income
51,627
71,561
123,188
67,658
Expenditure on:
Charitable activities
65,345
50,172
115,517
89,681
Total expenditure
65,345
50,172 115,517
89,681
Net expenditure
(13,718)
21,389
7,671 {22,023)
Gain(losses) on investments
assets
28
28
Net Movement in funds
(13,690)
21.389
7,699 (22,019)
Total funds brought forward
10, 11
174.755
1,783 176,538 198,557
Total funds carried forward 9-11
161,065
23,172
184,237
176,538
The notes on pages 10 to 20 form part of these accounts.
All the above amounts relate to continuing activities of the charitable company.

PRIORITY MANAGEMENT LIMITED
BALANCE SHEET AS AT 31ST MARCH 2024
Company Number: 01967563
Notes
31st March 2024
31st March 2023
Fixed assets
Tangible fixed assets
Investments
169,580
358
171,231
330
169,938
171,561
Current assets
Debtors
Cash at bank and in hand
1,740
25.069
1,434
6,103
26,809
7,537
Current liabilities
Creditors.. amounts falling
due within one year
(12,510)
(2,560)
Net current assets
14,299
4,977
Total assets less current
184.237
176.538
Funds:
Unrestricted funds
Restricted funds
9,10
9,11
161,065
23,172
174,755
1,783
184,237
176,538
These financial statements have been prepared in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS102).
These accounts have been prepared in accordance with the provisions applicable to small
companies subject to the small companies, regime and in accordance with FRS102
SORP.
For the period covered by these accounts the charitable company was entitled to
exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in
question in accordance with section 476 of the Companies Act 2006.
The Trustees, who are the Directors of the company, acknowledge their responsibility for
complying with the requirements of the Act with respect to accounting records and the
preparation of financial statements.
Approved by the Board on:
JHug
rust
Date

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
Limited Liability
The charity is a company limited by guarantee. Each member's liability is limited to £1.
2. Accounting Policies
The accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant note{s) to
these accounts. The financial statements have been prepared in accordance with the
Statement of Recommended Practice: Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) as amended for accounting periods commencing from 1st
January 2019 and Charities Act 2011 and the Companies Act 2006.
The accounts are prepared in sterling, which is the functional currency of the charitable
company. Monetary amounts in these financial statements are rounded to the nearest £.
The charitable company has taken advantage of the provisions in the SORP for Charities
applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the
charitable company can build up the reserves to the required level to continue in operational
existence for the foreseeable future. The Trustees are confident that the levels of liquidity
and reserves will not affect the charity's operations. Thus, the Trustees continue to adopt
the going concern basis of accounting in preparing the accounts.
Fund accounting
Unrestricted funds are the charitable company's free reserves available for the Trustees lo
apply in accordance with the charitable company's charitable objectives.
Restricted funds are subject to specific restrictive conditions imposed by the donor. All
restricted funds are accounted for as restricted income and expenditure for the purposes is
charged to the fund.
Income recognition
All income is recognised once the charitable company has entitlement to the income, there
is sufficient certainty of receipt and so it is probable that the income will be re￿ived, and the
amount of income receivable can be measured reliably.
Donations and legacies comprise of donations which are recognised in the accounts when
received. with the exception of known legacies which are accounted for when their receipt is
certain.
Income from charitable activilies is recognised on an accrual's basis except for grants
receivable, which are recognised on the date on which their unconditional payment is
confirmed by the donor.
Income from other trading activities relates to rent contribution and is recognised when the
amount is certain.
Income from investment relates to bank interest received and dividends and is recognised
when the amount is certain.
-10-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
Expenditure recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing
the charitable company to that expenditure, it is probable that settlement will be required
and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses, including support costs
and governance costs, are allocated or apportioned to the applicable expenditure headings
in the Statement of Financial Activities. Support and governance costs are applied to
unrestricted funds unless specifically included in the restrictions. as specified by the donor.
Expenditure on charitable activities relate to the operation of the charitable company
comprising of direct charitable expenditure lo meet the objectives of the charitable company.
Support and governance costs relate to the management and operation of the organisation
and also compliance with constitutional and statutory requirements in producing the annual
report. These are dealt with in the Statement of Financial Activities when payment has been
approved by the charitable company.
Fixed Assets
Capital expenditure of £500, or increase of freehold property and land, valuation and above
is stated in the balance sheet at cost less accumulated depreciation. Depreciation is
provided to write off the cost of each asset over its expected useful life as below..
Freehold Property
4 % per annum straight line on buildings
Fixtures, Fittings & Equipment
33 % per annum reducing balance
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less. and bank
overdrafts.
Financial instruments
The charitable company has elected to apply the provisions of Section 11 'Basic Financial
Instruments, and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its
financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the
charitable company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and
there is an inlention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present value of the future
receipts discounted at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction. where the debt
instrument is measured at the present value of the future receipts discounted at a market
rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate
method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charitable company's contractual obligations
expire or are discharged or cancelled.
Critical accounting estimates and judgements
In the application of the charitable company's accounting policies, the Trustees are required
to make judgements. estimates and assumptions about the carrying amount of assets and
liabilities that are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and undedying assumptions are reviewed on an on-going basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.
Taxation
Income and gains are exempt from taxation as they are received and applied for charitable
purposes only. The charitable company benefits from various exemptions from taxation
afforded by tax legislation and are not liable to corporation tax on income or gains falling
within those exemptions.
3. Income and endowments from:
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
a. Donations and Legacies:
Donations
1,453
1,453
55
Donations and legacies income for 2023 related wholly to unrestricted funds.
-12-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
b. Charitable activities:
Alternative education
Programme
Citizens Advice Liverpool
LCVS Cornmunity Impact
Fund
Local Giving
National Lottery Awards for All
National Lottery Community
Fund
Vocational Training
UK Shared Prosperity Fund
We Are Digital
Workers Education
Association
3,946
3.946
7,553
2,237
1,500
2,237
1,500
3,805
1,500
500
9.984
500
9,984
46.063
46,063
38,264
11,277
105
38,264
45,515
11,277
105
4.385
42,315
71,561
113,876
62,758
Income from charitable activities in 2023 comprised £53,068 unrestricted funds and
restated £9,690 related to restricted funds.
Other trading activities:
Rent contribution
7,818
7,818
4.827
Other trading activities income for 2023 related wholly to unrestricted funds
d. Investments:
Bank interest
41
41
18
Investments income for 2023 related wholly to unrestricted funds
4. Expenditure on charitable activities
Direct
Support &
Charitable Governance
Expenditure
Costs
Total Total
2024
2023
Provision of education and
training
100,481
15.036
115,517 89,681
-13-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
. Analysed as follows
2024
2023
Direct Charitable Expenditure..
Staff salary costs
Freelance tutors
Food
Activities
Volunteer expenses
Running costs
Travel Costs
Course fees
Depreciation
49,610
2.200
48,736
5.400
1,871
2.326
13.722
1.760
18,067
1.326
4,996
8,800
9,019
2,788
8,840
100,481
78,980
2024
2023
Support & Govemance Costs..
Staff salary costs
Office Costs
Bank charges
Companies House filing fee
Marketing
Subscriptions and memberships
Insurance
DBS fees
Payroll fees
Accountancy
Loss on disposal of fixed assets
Depreciation
4,235
2,883
104
13
504
312
4,929
151
487
990
82
346
786
2,431
164
13
504
313
4,280
518
579
940
173
15,036
10,701
Total charitable activities
115,517
89,681
£50.172 (2023: £16,808) of the above expenditure relates to restricted funding.
b. Staff Costs
2024
2023
Staff salaries
Social security costs
Pension
53.845
49,522
53,845
49,522
-14-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
c. Particulars of employees:
The average number of employees during the year. calculated on the basis of full-time
equivalents, was as follows:
2024
2023
Charitable activities
No employee received emoluments of more than £60.000 during the year.
The Trustees were not remunerated for their services during the year (2023: £nil> and are
not included in the above number of employees.
No out-of-pocket expenses were reimbursed to trustees during the year {2023: £nil).
5. Tangible fixed assets
Freehold
property
Fixtures,
Fittings &
Equipment
Total
Cost or revaluation
As at 1st April 2023
Additions
Disposals
250,000
63,678
7,577
(57.910)
313,678
7,577
(57.910)
Balance as at 31st March 2024
250,000
13,345
263,345
Accumulated Depreciation
As at 1 sl April 2023
Charge for the year
Disposals
79,201
8.800
63,246
142,447
346
9,146
{57,828) (57,828)
Balance as at 31st March 2024
88,001
5,764
93,765
Net Book Value at 31st March
2024
161,999
7,581
169,580
Net Book Value at 31 sl March
2023
170,799
432
171,231
The Trustees believe the value of the freehold land and buildings as at 31 sl March 2024 is
not materially different from the net book value included in the accounts.
-15-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
6. Fixed asset investments
2024
2023
Market Value at beginning of
year
Unrealised gain during year
330
326
28
Market value at end of year
358
330
Cost at end of year
Listed investments comprise 677 Lloyds Banking Group plc 1 Op ordinary shares awarded at
nil cost during a capital restructure, plus a further 16 shares issued in May 2009 for nil cost,
bringing the total shares to 693. They are included in the accounts at their market value.
Investments are held solely to provide an investment return for the charitable company.
7. Debtors
2024
2023
Prepayment
1,740
1,434
1,740
1,434
8. Credltors: amounts falllng due wlthin one year
2024
2023
Accruals
Loans
Other creditors
Tax and Social security
1.008
8.000
2,992
510
1.013
786
761
12,510
2,560
The following Loans are included within creditors:
The charitable company received an interest free loan of £8,000 from Dingle 2000 CIC in
October 2023 with the maximum value of £30,000 to be withdrawn as required. The
Charitable company will repay the total amount received upon completing the sale of the
building. The total balance outstanding at 31 sl March 2024 is £8,000.
-16-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
9. Analysis of net assets between funds
Tangible Investments
fixed assets
2024
Net current
assets
Total
Unrestricted Funds
General Fund
Designated Fund
Revaluation Reserve
152,961
358
(27,175)
23,613
126,144
23,613
11,308
11,308
164,269
358
(3,562)
161,065
Restricted Funds
National Lottery Fund Grant
Citizens Advice Liverpool
LCVS Community Impact
Fund
National Lottery Awards for
709
709
2,610
2,610
1,500
1,500
9.984
9,984
8,369
VOLA
4,602
3.767
5,311
17,861
23,172
Totals
169.580
358
14,299
184,237
2023
Tangible Investments
fixed assets
Net current
assets
Total
Unrestricted Funds
General Fund
Designated Fund
Revaluation Reserve
158.819
330
(34,056)
37,600
125,093
37,600
12,062
12.062
170,881
330
3,544
174,755
Restricted Funds
National Lottery Fund Grant
Citizens Advice Liverpool
350
350
1,433
1,433
350
1,433
1,783
Totals
171,231
330
4,977
176,538
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PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
10. Unrestricted funds
Movement in the
ear
Reserves
at Beginning
of year
Income Expenditure Investment
Gains
Transfer Reserves
Between
at End
Funds
of year
2024
General
Fund
Designated
Fund
Revaluation
Reserve
125,093 51.627
(64,591)
28
13,987 126.144
37,600
(13,987) 23,613
12,062
(754)
{_) 11,308
174,755
51,627
{65,345)
28
161,065
Movement in the
ear
Reserves
at Beginning
of year
Income Expenditure Investment
Gains
Transfer Reserves
Between
at End
Funds
of year
2023
General
Fund
Designated
Fund
Revaluation
Reserve
137,559
57.968
(70.438)
{-) 125,093
39,281
(1,681)
37,600
12,816
(754)
(-) 12.062
189,656
57,968
(72,873)
174,755
General Fund is used to finance the charitable company's general activities as outlined in
the Trustees, Report.
Designated Fund comprises the provision for redundancy costs and one month's running
costs.
Revaluation Reserve arising from the Trustees. revaluation of the freehold property.
Transfer between Funds consists of a transfer to reflect the current levels of redundancy
costs and one month's running costs required.
-18-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
11. Restricted funds
Movements in the
ear
Reserves
at Beginning
of year
Income Expenditure
Reserves
at End
of year
2024
National Lottery Fund
Grant
Citizens Advice
Liverpool
LCVS Community
Impact Fund
Local Giving
National Lottery Awards
for All
UK Shared Prosperity
Fund
350
46.063
(45,704)
709
1,433
2,237
(1,060)
2,610
1,500
500
1.500
{500)
9,984
9,984
11,277
(2,908)
8.369
1.783
71,561
50,172
23,172
Movements in the
ear
Reserves
at Beginning
of year
Income Expenditure
Reserves
at End
of year
2023
National Lottery Fund
Grant
Citizens Advice
Liverpool
LCVS Community
Impact Fund
National Lottery Awards
for All
Workers Education
Association
522
(172)
350
3,805
(2,372)
1.433
1,500
(1.500)
(8,379)
8.379
4,385
(4,385)
8,901
9,690
16,808
1,783
Description of Funds
These are monies given to the charitable company to be spent at the discretion of the Board
of Trustees for specific charitable purposes, as follows:
National Lottery Grant Fund - Contribution towards the purchase of new PC computers,
laptops and software and property refurbishment.
Citizens Advice Liverpool - Contribution towards the purchase of food stock to support
people aged 65 and over.
-19-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
LCVS Community Impact Fund - Contribulion towards the riverside learning & education
centre- UK Online Learner support (ICT Skills)
Local Giving- Contribution towards improving the building with repairs & signs
National Lottery Awards for All - Contribution towards 'Learning Recovery and Response,
UK Shared Prosperity Fund Contribution towards a fully accessible Servi￿ for people
who wish to progress their skills beyond a basic level.
Workers Education Association - Contribution towards Dingle Online Support
12. Operating Lease Commitments
There were no financial commitments under non-cancellable operating leases (2023: none).
13. Related Party Transactions
There were no material related party transactions during the year which require disclosure
(2023. none).
14. Guarantees
As at 31st March 2024, 3 members had given a guarantee of £1 each in the event of the
charitable company winding up. Total £3 (2023= 3 members £3).
-20-