PRIORITY MANAGEMENT
LIMITED
ANNUAL REPORT &
FINANCIAL STATEMENTS FOR THE
ST
YEAR ENDED 31 MARCH 2025
Company Number: 01967563
Charity Number: 702851

PRIORITY MANAGEMENT LIMITED
CONTENTS
Page
Chairfs Report
Trustees, Annual Report
Statements of Trustees, Responsibilities
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 2025
This has been another challenging year financially but one where we have been able to:
continue offering life changing voCati￿al opportunities,
develop our food offer
develop and build our community intemet drop in.
We continue to explore opportunities provided by the realisation of the value in our maln asset
with a view to setting the Charity on a stronger footing going forward.
A more detailed look at our activities is below.
VOCATIONAL TRAINING
Having introduced Residential Care to support a local young person, our suit of courses remains
the same. The bespoke delivery method continues to remove barriers and provide employment
opportunities for people who would not otheNiise be able to aC￿ss.
Pleasingly our progression to employment stands at 78°/o of all starters and our BME participation
at 59% with 84% of our students from disadvantaged post codes. All of these indicators are
ahead of our targets for the year. We are particularly pleased with the increased take up by
members of BME communities which has resulted from targeted recruitmenl.
Towards the end of the year a challenging and aggressive OFSTED inspection has found us
needing to make some changes. which are well in hand. We await a further visit to confirm this.
Despite this we are very pleased that we continue opportunities for economic inclusion and the
chance far individuals to progress from entry level employment.
Since Covid recruitment has reduced and become slower but we continue to recruit through word
of mouth and the internet.
COMMUNITY FOOD
Thanks to the legacy of the one-off funding boost provided by the Government's Cost of Living
grant, the purchase of a large chiller cabinet has enabled us to widen the range of food collected.
Picking up from Tesco's three evenings a week we are now able to accept chilled Items. Thls is
all part of the Fareshare collaboration.
A further benefit resulting from the Cost-of-Living grant was the creation and equipping of a new,
small commercial kitchen. This has allowed our volunteer cooks to provide homemade soups
using the Tesco donated food. We have supplied these soups to a local homeless shelter
weekend project along with our users and community.
In a further development we are looking forward to implementing a food pantry offering good
value for money purchases. This will commence once we have secured a contract with
Fareshare and will be funded by a Feeding Liverpool grant.

PRIORITY MANAGEMENT LIMITED
CHAIR'S ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025
DINGLE ONLINE
Our free provision of intemet aC￿sS continues for mernbers of the community. The capital grants
from Liverpool City Region and VOLA. has allowed us to upgrade our technology whlch has
enabled us to offer more advanced activity for those wishing to explore or take advantage.
We continue to have a regular cohort of users with others calling in as they need support. Similar
to previous years this has included a wide range of IT based needs from booking flights to
improving English. Our volunteers have also supported people with their own technical needs on
their phones, tablets, laptops and Pc's.
Our online status and membership of the Good Things Foundation has brought free tablets along
with free internet access on them through donated sim cards. This has enabled improved
communlcation with family and fn.ends from home for local people.
We have continued to support people with appeals via H.M. Court and Tribunal Service through
our arrangement with the "We Are group" a national body providing digital assistsnce through it's
satellite centres of which we are one.
COMING YEAR
Wejo
forward to another exciting year albeit serving our community and thank all our
volunteets,
trustees and staff for their continued support without which none of our work would be
John Hughes
Chair Priority Management Ltd.

PRIORITY MANAGEMENT LIMITED
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025
The Trustees are pleased to present their annual report for the year ended 31 St March 2025.
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 accounting periods commencing from 151 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 life-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 780/0 going to
employment.
FINANCIAL REVIEW
Total Income for the year was £65,793 (2024: £123,188) of which £28,130 (2024: £71,561),
related to funding for projects upon which restrictions are placed.
Total expenditure for the year was £97,132 (2024: £115,517), leaving a defI￿t for the year of
£31,339 (2024: surplus £7,671) before gain on investment assets.
At 315t March 2025 the charitable company's reserves stood at £153,034 (2024: £184.237) of
which £29,643 (2024: £23,172} 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 charitsble company to maintain free reserves (unrestricted funds not
represented by fixed assets) at a level to cover redundancy provislon and one month's running
costs should no further funding be received.
At the end of the financial year, unrestricted funds totalled £123,391 of which £154,720 is
represented by fixed assets, leaving a deficit reserve of £31,329 (2024: deficit £3,204). The
charitable company requires £20,306 for redundancy provision and £6,289 for one month's
running costs, (total £26,596).
The charitable company will be seeking to build free reserles in the coming year through
reducing costs and increasing sources of Income.

PRIORITY MANAGEMENT LIMITED
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025
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 1st May 1990 (charity
nLJmber 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
Prlority Management Limited
01967563
Name
Company number
Charlty number
Registered Office
702851
Riverside Learning & Education Centre.
Hyslop Street,
Liverpool,
England,
L8 SUA
The Board of Trustees are also its directors. Members are elected
by Annual General Meetings of the members of the council in
accordance with the Articles of Association.
Board of Trustees
Trustees
J Hughes
M Taxman
N P Turner
Company Secretary
Independent Examlner
L Bennett
Ying Huang ACCA
LCVS,
151 Dale StreeL
Liverpool,
L2 2AH
Bankers
HSBC City Branch,
99-101 Lord Street,
Liverpool
L2 6PG
behalf of the Board of Trustees
es, 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 estlmates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inapproprlate
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 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 1st January 2019.
By Order
Board,
es
Trustee
Riverside Learnlng & Education Centre,
Hyslop Street.
Liverpool,
England.
L8 SUA
Date:.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
PRIORITY MANAGEMENT LIMITED
I report on the accounts of the charitable company for the year
ended 31st March 2025, 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 ststement 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 accounts.ng 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
rnethods 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:
..io/,:.l.. ?w34

PRIORITY MANAGEMENT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE
ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025
Notes Unrestrlcted Restrlcted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2024
Income and endowments
from:
Donations and legacies
Charitable activities
Other trading activities
Investments
3a
3b
1,754
28,161
7,665
83
1,754
56,291
7,665
83
1,453
113,876
7,818
41
28,130
3d
Total Income
37,663
28,130
65.793 123,188
Expenditure on:
Charitable activities
75,473
21,659
97,132 115,517
Total expenditure
75,473
21.659
97,132 115,517
Net expenditure
{37,810)
6.471
(31,339)
7,671
Gain(losses) on investments
assets
136
136
28
Net Movement in funds
(37,674)
6,471
{31,203)
7,699
Total funds brought forward
10. 11
161,065
23,172 184,237 176.538
Total funds carried forward 9-11
123,391
29,643 153,034 184,237
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 2025
Company Number: 01967563
Notes
31st March 2025
31$£ March 2024
Flxed assets
Tangible fixed assets
Investments
158,278
494
169,580
358
158,772
169,938
Current assets
Debtors
Cash at bank and in hand
1,866
17,596
1,740
25,069
19,462
26,809
Current liabilities
Creditors.. amounts falling
due withln one year
(25,200)
(12,510)
Net current assets
(5.738)
14,299
Total assets less current
liabilitles
153,034
184,237
Funds:
Unrestricted funds
Restricted funds
9,10
9,11
123,391
29,643
161,065
23,172
153.034
184,237
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 srnall companies. regime and in accordan￿ 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
aration of financial statements.
d by the Board on:
££
Date

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
1. Llmlted Liability
The charity is a company limited by guarantee. Each memberfs 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 w'rth the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) as amended for accounting periods commencing from 151
January 2019 and Charities Act 2011 and the Companies Act 2006.
The accounts are prepared in sterting, 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 liquidily
and reserves will not affect the charity's operations. Thus, the Trustees continue to adopt
the going con￿rn basis of accounting in preparing the accounts.
Fund accountlng
Unrestricted funds are the charitable company's free reserves available for the Trustees to
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 received. 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 activities is Tecognised on an accrual's basis except for grants
receivable, which are recognised on the date on which their uncondltional 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 2025
Expendlture 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 to meet the objectives of the charttable 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 charitsble 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 stralght line on buildings
Fixtures, Fittings & Equipment
33 % per annum reducing balan
Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other
short-term liquid investments with orlginal maturities of three months or less, and bank
overdrafts.
Financlal 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 reGognised in the charitable CoMpan￿S balance sheet when the
charitable company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, wth 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 intention to settle on a net basis or to realise the asset and settle the liability
simultsneously.
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 transactlon, where the transaction is measured at the present value of the future
receipts discounted at a market rate of interest. Financial assets classlfied as receivable
withln one year are not amortised.
-11-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
Basic financial Ilabilities
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.
Derecognltlon of flnancial liabilities
Financial liabilities are derecognised when the charitable company's contractual obligations
expire or are dlscharged or can￿lled.
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 underlying assumptions are reviewed on an on-going basis. Revisions to
accounting estlmates 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.
Taxatlon
Income and gains are exempt from taxation as they are re￿iVed 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
2025
2025
Total
Funds
2025
Total
Funds
2024
a. Donatlons and Legacies:
Donations
1,754
1,754
1,453
Donations and legacies income for 2024 related wholly to unrestricted funds.
-12-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
Unrestricted Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2024
b. Charitable actlvltles:
Alternative education
Programme
Citizens Advice Liverpool
LCVS Community Impact
Fund
Local Giving
National Lottery Awards for All
National Lottery Community
Fund
Vocational Training
UK Shared Prosperity Fund
We Are Digital
1,545
1,545
8,157
3.946
8.157
2,237
1,500
500
9,984
19,973
19,973
46,063
38,264
11,277
105
26.616
26,616
28,161
28.130
56,291
113,876
Income from charitable activities in 2024 comprised £42,315 unrestricted funds and
restated £71 ,561 related to restricted funds.
c. Other trading actlvities:
Rent contribution
7,665
7,665
7,818
Other trading activities income for 2024 related wholly to unrestricted funds
d. Investments:
Bank interest & Dividends
83
83
41
Investments income for 2024 related wholly to unrestricted funds
4. Expenditure on charitable activities
Dlrect
Support &
Charltable Governance
Expenditure
Costs
Total Total
2025
2024
Provision of education and
training
80,896
16,236
97,132 115,517
-13-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
. Analysed as follows
2025
2024
Direct Charitable Expenditure..
Staff salary costs
Freelance tutors
Activities
Volunteer expenses
Running costs
Travel Costs
Course fees
Depreciation
50,132
49,610
2,200
13,722
1,760
18.067
1,326
4,996
8.800
6,429
11,035
3.751
9,549
80.896
100,481
2025
2024
Support & Governance Costs..
Staff salary costs
Office Costs
Bank charges
Companies House filing fee
Marketing
Subscriptions and memberships
Insurance
DBS fees
Payroll fees
Accou ntancy
Loss on disposal of fixed assets
Depreciation
4,371
2,152
71
4,235
2,883
13
504
312
4,929
151
487
990
82
346
854
47
5.269
149
530
1,040
1.753
16,236
15.036
Total charitable activities
97,132
115,517
£21,659 (2024: £50.172) of the above expenditure relates to restricted funding.
b. Staff Costs
2025
2024
Staff salaries
Social security costs
Pension
54,503
53,845
54,503
53,845
-14-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315T MARCH 2025
c. Particulars of employees:
The average number of employees during the year, calculated on the basis of full-time
equivalents, was as follows:
2025
2024
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 (2024: £nil) and are
not included in the above number of employees.
No out-of-pocket expenses were reimbursed to trustees during the year (2024: £nil).
5. Tanglble flxed assets
Freehold
property
Fixtures.
Fittings &
Equipment
Total
Cost or revaluation
As at 1st April 2024
Additions
Disposals
250,000
13,345
263,345
Balance as at 31st March 2025
250,000
13,345
263,345
Accumulated Depreciation
As at 1st April 2024
Charge for the year
Disposals
88,001
8.800
5,764
2,502
93,765
11,302
Balance as at 31$t March 2025
96,801
8,266
105,067
Net Book Valu8 at 31st March
2025
153.199
5,079
158,278
Net Book Value at 315t March
2024
161,999
7,581
169.580
The Trustees believe the value of the freehold land and buildings as at 31 sl March 2025 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 2025
6. Fixed asset Investments
2025
2024
Market Value at beginning of
year
Unrealised gain during year
358
330
136
28
Market value at end of year
358
Cost at end of year
Listed investments comprise 677 Lloyds Banking Group plc 10p 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
2025
2024
Prepayment
1,866
1,740
1,866
1,740
8. Creditors: amounts falling due wlthln one year
2025
2024
Accruals
Loans
Other creditors
Tax and Social security
1.040
23,000
753
407
1,008
8,000
2.992
510
25,200
12.510
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 & further £15,000 during YE 2025. Maximum value of £30,000 to be withdrawn
as required. The Charitable company will repay the total amount re￿iVed upon completing
the sale of the building. The total balance outstanding at 31 st March 2024 is £8,000.
-16-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
9. Analysis of net assets between funds
Tangible Investments
fixed assets
2025
Net current
assets
Total
Unrestricted Funds
General Fund
Designated Fund
Revaluation Reserve
144,166
(58,419)
26,596
86,241
26,596
10,554
10,554
154,720
494
(31,823)
123,391
Restricted Funds
National Lottery Fund Grant
Citizens Advice Liverpool
National Lottery Community
Fund
VOLA
475
475
7,678
18,407
3,083
7,678
18,407
3,083
3,558
26,085
29,643
Totals
158,278
494
{5,738)
153,034
2024
Tanglble Investments
flxed assets
Net current
assets
Total
Unrestrlcted 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
All
VOLA
709
709
2,610
1,500
2,610
1,500
9,984
3,767
9,984
4,602
8,369
5,311
17,861
23,172
Totals
169,580
358
14,299
184,237
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PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
10. Unrestricted funds
Movement in the
ear
Reserves
at Beglnnlng
of year
Income Expenditure Investment
Gains
Transfer Reserves
Between
at End
Funds
of year
2025
General
Fund
Designated
Fund
Revaluation
Reserve
126,144 37,663
(74.719)
136
(2,983) 86,241
23,613
2,983 26,596
11,308
(754)
(-) 10,554
161,065 37,663
(75.473)
136
123,391
Movement in the
ear
Reserves Income Expenditure Investment
at Beglnning
Galns
of year
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
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 rLJnning costs required.
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PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
11.Restricted funds
Movements in the
ear
Reserves
at Beginning
of year
Income Expenditure
Reserves
at End
of year
2025
National Lottery Fund
Grant
Citizens Advice
Liverpool
LCVS Community
lrnpact Fund
National Lottery Awards
for All
National Lottery
Community Fund
UK Shared Prosperity
Fund
709
(234)
475
2.610
8,157
(3,089)
7,678
1,500
9,984
(1,500)
(9,984)
19,973
(1,566)
18,407
8.369
(5.286)
3,083
23,172
28.130
(21,659)
29,643
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
Descrlptlon 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:
Natlonal Lottery Grant Fund - Contribution towards the purchase of new PC computers,
laptops and software and propety refurbishment.
-19-

PRIORITY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
Cltizens Advice Liverpool - Contribution towards the purchase of food stock to support
people aged 65 and over.
LCVS Communlty Impact Fund - ContrÈbution towards the riverside learning & education
centre- UK Online Learner support (ICT Skills)
Local Givlng- Contribution towards improving the building with repairs & signs
National Lottery Awards for All - Contribution towards 'Leaming Recovery and Response,
National Lottery Community Fund- Contribution towards staff costs to build ICT skills and
provide coordination for our volunteering projects of IT and our food" pantry.
UK Shared Prosperity Fund Contribution towards a fully accessible service for people
who wish to progress their skills beyond a basic level.
Workers Education Assoclation - Contribution towards Dingle Online Support
12. Operating Lease Commitments
There were no financial commitments under nOn-Can￿lIable operating leases (2024: none).
13. Related Party Transactions
There were no material related party transactions during the year which require disclosure
(2024: none).
14. Guarantees
As at 3191 March 2025, 3 members had given a guarantee of £1 each in the event of the
charitable company winding up. Total £3 (2024: 3 members £3).
-20-