Charity r¢gistration number.. 800155 Liden Community Council Annual Report and Financial Ststements for the Year Ended 31 March 2024 Liden Community Council Contents (continued) Reference and Administrative Details Tru51¢es' Report 2to3 Staternent of Trustees, Responsibilities Independent Examinerfs Report Statement of FiEMncial Activities Balance Sheet Notes to the Financial Statements 8t0 15 Lidell Community Council Reference and Administrative Details Trust¢¢S Mr P Newman Miss TL Pitcher Ch8rity R¢gistratlon Number 800155 Principal Offiurhood without disiinction of se4 sexual orientatLOtL. race or of political, religious or other optnions by ￿$0¢lating with IocY41 authoritie$, voluntary organisatiotLS and the inhabitatlts in a ¢ommon effort to promot¢ fa¢ilities in the inter¢5ts of education, l¢isur¢ time occupation with the obj￿1 of improving the conditions of life of th¢ said inhabitants. To establish or to secure the establishment of a community centre. ObjeLYives, sliotegies ond octivili There are rooms and facilities availabl¢ for hire by any individual or organisation, and it is itiiended that the scale of charge5 be sufficient to generate enough income to meet expenditure incurred in providing facilities. A tTading subsidiary has been established to provide licensed bar faeilities. In additltsrt to rent being reeeived the bar profits ar¢ donated to the charity in accordance with the ¢ompony's memorandum and articles. Public benejll The trustees confim] that they have complied with the requir¢ments of section 17 of the Charities Act 2011 to have due regard to The public benefit guidance published by th¢ Charity Commission for England and Wales. P&g¢ 2 Liden Community Council Trustees, Report (continued) Achievetnents and ptrfornign¢e The Charity continued its objectives of op¢ratin8 the Community Centre for the local community. These include the operation of the bar facilities through the trading subsidiary and activities avoilable to the local cornmunity thtough tlie lettÉn8 of room5 to local community 8roups and a¢tivity providers. There 15 a small increase of £972 received from letting of fariliti¢s. There are profits of £12.44) to be donated from the trading subsidiary for the year. Flnanelal review The attached financial stst¢ments show the state of finances which the trustees consider to be sound. The trading substdtary will donate it5 profits for the Y￿ of£12,443 and amounts du¢ from the subsidiary at th¢ end of the fjnoncial period. including that donation, amounted to £8,612. Policy on reserves The trustees consider that r¢serv¢s in the r¢gion of £10,000 ar¢ r¢quir¢d as working capital to fimd activities of the ¢harity and its trading subsidiary. The thJst¢es are a¢tively now looking at ways to increase the reserves to this level. Financial instruments Credltrisk The Charity's principal fJnan¢ial assets are bank balan¢¢s and Cash, trade and other re¢¢ivable5. and Invest[n￿lIS. The Charity's credit risk is ptimarily altributable to its trade receivables. The amounts presented rn the balance sheet are net of allowances for doubtful receivables. An allowance for impairnient is made where thete is an identifled loss event whith, based on previous experience, is evidence of a reduction in the r¢¢oveiability of the C25h flows. Th¢ at)nual report w¥s appJDv¢d by the trnstees of the ¢hariry on signed on its behalf by= Mr P Newman Trustee IndepethdeD¢ ExatNiDer Mrs L Hobbs FCCA has b¢en r¢-appointed Is indep¢ndent ¢xamin¢r for the ensuing year. Page 3 Liden Community Council Statement of Trustees, Responsibilities Th¢ truste¢s are r¢sponsible for preparing th¢ tnJ$tees' report and the flnancial 5tatem¢nts in accordance with the United Kingdom A¢¢ounting Standard5 (United Kingdo￿ Gen¢tally Accepted Accounting Practice) and applicable law and regulations. Th¢ law applicable to charities requir¢s the tn]stees to prepare financial statements for each fiiJan¢ial year which give a true and fair view of the state of affairs of the charity and of the incoming r¢sources and application of resour¢¢g of the charity for that period. In preparing these finan¢ial statcments. the trustees are required to.. select suitable accounting policies and thetl apply Them ¢onsistently,' obserye the meihods end principles its the Charitie5 SORP- make judgements and estimates that are reasonable and prudent- stale whether applicable aecounting siandards have been followed, 5ubje¢t to any material deparfures disc105ed and cxplaisjed in the fKnancial statements. and prepare the financial statements on the 8oin8 concem basis unles5 Lt is inappropriate to presum¢ that the ¢harity will continue in business. The trustee5 are responsible for keeping proper accounting records that dis¢105e with reasonable accuracy at any time the financial position of the charity and etlable them to ensure that th¢ financial statetnents ¢omply with ihe Charities Act 2011. the Charities {Accounts and Reports) Re8ulations 2008, and the provisions of ihe constitution. The trustee5 are a]$0 responstble for safrguarding the assets of the ¢harity and hett¢e for takiDg reasonable steps for the prevention and detectton of fraud and other irregularities. The trustees are responsible for the maintenan¢¢ 2nd itltegrity of the corporate and flnancial information included on the chariiabl¢ Company's web51te. Legislation gov¢miDg the preparation and dissemination of finaneial statements mY4y differ from legislation in other jurisdictions. Approved by the trustees of the charity on. .l¥and $i8ned on its behalf by". Mr P Newman Truste¢ Page 4 Liden Community Council Independent Examiner's Report to the trustees of Liden Community Council I rep)rt to the trustees on my ¢x8mination of the a¢¢ounis of Liden Community Council for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of Liden Community Council you are responsible for the preparation of the accounts in accoidanc¢ with the requirements of the Charities Act 2011 {'the Act.). I report in respect of my examination of the Liden Community Council's accounts ¢arried out under section 145 of the 2011 Act and in carrying out tny exatnination I have followed all the applicable Directions given by th¢ Charity Commission under section 14515Kbl of the Act. Independent examiner's $tgtement I have compl¢ted my examination. I confirnj that no material matter5 have come to my attention in conne¢tion with the examination giving rne cause to believe that in any material respect.. accounting records were not kept in respect of Liden Community Council as required by section 130 of th¢ 2. the accounts do not acwrd with thos¢ records. or 3. the accounts do not comply with the accounting requirements concerning the fonn and content of a¢¢ounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirem¢nt rhai the accounts 8iYe a 'tN¢ and fair view which is not a matter Considercd as part of an independent examination. J have Th) cottcerns and have eome acros5 no other matters in connection with the examination to which att￿tIOn should be drawn in this report in order to enabl¢ a proper ut)d¢istanding of the a¢counts to be reached. Mrs L Hobbs FCCA UHY R055 Brooke- Chartered Accountants 16 Dorcan Busin¢ss Village Murdock Road. Dorcan Swindon Wiltshire SN3 SHY Pag¢ 5 Liden Community Council Statement of Financial Activities for the Year Ended 31 March 2024 Unrestricted fund5 Total 2024 Not¢ Income and Endowments from: Chatitable activities Jnvestmellt income 10.442 12,443 10,442 12.443 Total Income 22.B85 22.885 Expendlture OD: Raising funds Charitsble acltvitÉes {36.851) (2091 (36,851) (2091 Tot21 Expenditure Net movement in fitnds {37,060 137,060) (14,175) (14,175) Reconciliation of funds Total fund5 brought forward 16.894 l6,894 Total fiÈThds ¢aTried fonvard io 2.719 Unrestrlcted fuDds 2,719 Total 2023 Note Income and Endowments from: Charitable activities Investment income 9,470 27.222 9,470 27,222 Total Income 36,692 36,692 Expenditure on: Raising funds Charitable activities (32,812) (32.812) (131) Total Expendi Net movement in filllds (32,9431 32.943} 3,749 3,749 Reeoneillatlon of funds Totsl funds brought forward 13,145 13,145 Total fi]nds Ca￿led fomrd 10 16,894 16.894 All of the Charity's a¢tiviti¢s derive from continuittg operations during the above tsvo periods. The fvnds breakdown for 2023 is shown in note 10. The note5 on page5 8 to 15 forn) an integral part of these finan¢ial Ststements. Page 6 Liden Community Council (Registration number: 800155) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed as5et5 Tangible assets 631 841 Current Assets Debtors Cash at bank and in hand 9,553 1,098 10.651 11.879 9,739 21,618 Creditors: AtNounts falling due within One year Net current Assets {8,5631 {5,565 2.088 16,053 Net assets 2.719 16,894 Funds of tbe ehArity' U￿r￿tricted incorne fuDd$ Unrestricted funds 2.719 16,894 Total funds io 2.719 16,894 rinancial statements on pages 6 to 15 wer¢ approvcd by the trustee5, and authori5cd for issue on Signed on their behalf by.. Mr P Ne￿nan Trustee Miss T L Pitcher Ttustee The notes on pages 8 to 15 form an integral pth of thtse financial statements. Page 7 Liden Community Council Notes to the Fingncial Statements for the Year Ended 31 March 2024 l Accounting policies St2temeDt of complignce The fjnancial statements have been piepared in accordance with the se¢ortd edition of the Charitie5 Staternent of Recommended Prdctice issued in October 2019, the Financial Reporting Standard appli¢able in the United Kingdom and Republic of Ireland (FRS 1021 and ihe Charities Act 2011. BA$is of prepArJtion Lid¢n Community Council meets the d¢fEnltion of a public knefit entity under FRS 102. The accounts (financial statements) have been pr¢parcd und¢r th¢ histotical cost convention with items recogt)ised at C05t or transa¢tton valu¢ unless otherwtse stated in the r¢l¢vant noie(s) to these accoutlts. The fLiiatL¢ial statetnents arc PTepared in sterling which is the fun¢tioDal currency of the charity. Mort¢tOry amounts in these financial 5tat¢ments are rounded to the nearest £. Going concern The trustees consider that there ttre no mat¢riai uncertaitlties about the charity's ability to continue as a going concern. Income And endowmeDts Investtttrent ivcome Distributions due from the trading subsidiary are recognisable, in acrordan¢¢ with their Memorandum and Articles, Én the financial period profit to b¢ donated aros¢. Exp¢nditure All expenditure is recogntsed once there is a l¢gal or eonstructive obligation to that expenditure, it is probable 5ett]ement Is required and the atnount ¢atx be measur¢d reliably. All Costs ar¢ allocated to the applicable ¢xpenditure heading that aggre8ate similar costs to that cat¢gory. Where costs cannot be dire¢tly attributed to parti¢vlar headings they have b¢en allocated on a basis Consistent with the use of resources, with Cent￿ staff sis allo¢ated on The basis of lime spent, and depreciation charges allocated on the portion of the ass¢t's use. Other support costs are allocated based on the spread of staff costs. Raisinsfunds These are costs incurred in attracting voluntary inco]ne. the manag¢ment of investments and those in¢urr¢d in trading activitie5 that raise futlds. Support costs Support Costs include centr81 fjJn¢tions and have been allocated to activity ¢ost ¢ategorie5 on a basis ¢otisistent with the use of resources. for example, allo¢atin8 property cosis by floor areas, or per capita. staff Costs by th¢ time spent and other costs by their ￿age. Governance eosts These include th¢ costs attributable to the chatiry's compliance with Consti￿tioNal and statutory requiremeTht5, in¢luditJg audiL strategi¢ management and trustees meetings and reimbursed exp¢n5es. Page 8 Liden Community Council Notes to the Financial Statement5 for the Year Ended 31 March 2024 (continued) Taxation The charity is considered to pass the t¢sts set out in Pardgraph I Schedule 6 of the Finance Act 2010 and therefore it rneets the definition of a ¢haritable company for UK ¢oryoration tax puryx)s¢s. Accordingly. the charÈty is potentially exempt frotH taxation in r¢spe¢t of incon]e tsr capital gains re¢eived within rat¢gorie5 covered by Chapter 3 Part I l of the Corpordtion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains A¢t 1992. to the extent that Such income or gain5 are appli¢d exclusively to charitable purposes. Tangible f]xed Assets All fixed assets are inilrally recorded at cost. Depreciation and 9mortisation Depreciation is provided On tangible fued assets so as to WTite off the cost or Valuatio￿ less any estimated sidual Yalue, over their expected usefvl economic life a5 follows.. Asset cl¥s5 Equipm¢nt D¢pr¢cigtion method ond rgte 200/D straight line basis Trade debtors Trade debtors are amounts due from customers for merchandise sold or 5ervice5 perfornied in the ordinary courne of business. Trade debtors are re¢ognised initially at the irRnsaction price. They are subseouently measured at amortised wst using the effective interest method. less provision for impairnient. A PTovision ft>r the impaimient of trade debtors is establish¢d when there is objective evidence that the tharity will not be able to collect all amounts due awording to the Ori￿nal tern15 of the receivable5. Cash and cash equivalents Cash and cash ¢quivalents comprise cash on hand and call deposits. #nd other short-terni highly liquid investtnents that are readrly convertible to a known amount of cash and are subject to an insi8nifJcant risk of change itt value. Trade creditors are obligation5 to pay for 8oods or services that have been acqutred in the ordinary course of business from suppli¢r5. Accounts payable are cla$sified as current liabilities if the does not have an unconditional right, at the end of ihe reporting period, to defer settlement of the cteditor for ai least hv¢lv¢ months after the reporting date. If there 15 an unconditional right to defer settlement for at lea9t h¥elve months after the reporting date. they are pr¢sented as non-¢utrent liabilities. are re¢ogn15ed initiatly at the transo¢tion price and subsequently me&sured at amortised cost using the effectiv¢ interest method. Page 9 Liden Community Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Borrowings Inter¢st-bearing borrowings are initially recorded at fair value, net of tr&n5artion ¢osts. Interest-bearing borrowings are subsequ¢ntly ¢arried at amortj5¢d cost. wath the difference between th¢ pro¢¢eds, net of transaction and the arnouni due on redemption being recognised as a charge to the Statetnent of Finan¢ial Activities over the period of the relevant borrowing. Interest expense is re¢¢ignised on the basis of th¢ effective interest method arld is in¢luded in interest payable and similar charges. Borrowings are rla5sifL¢d as current liabilities unless the charity has an unconditional right to defer settl¢m¢nt of the liability for at least twelve months after the reporting date. Fund structure Unre5trict¢d income fund5 are getlerdl fijnds that are available for use at the trustees discretÉon itt fvrtheran¢e of the objcctives of the charity. PeD5iOnS and other p05t retirement obligatiorJ$ The company operdtes a deflned ¢ontribution pension 5chetn¢ whi¢h is a pension plan under which fixed contributions are paid into a pen5Lon fijnd and the charity ha5 no legal or ¢onstructive obligation to pay ￿rther contributions cven if th¢ fund does not hold sutTi¢ient Issets to pay a]1 employ¢¢s the benefits relating to ¢mployee setrvice in the current and prior periods. Contributions to defjned contribution plans are recognised in the Statement of Finana¢ial Activitie5 when they are due. If contribution payments exceed the contribution due for service. the excess is recognised &5 a prepayment. Finan¢i#l instruments Clas5ificalio Financial assets financial liabilities are recognised when the charity become5 a party to the ¢ontractual prov15ion5 of the instrument. Financial liabilities and equity instruments ar¢ ¢las$ified according to lh¢ substance of the contrathial arrangements entered into. An equity in5trumertt is any ¢ontract that evidences a residual int¢rest in the ￿sets of the Charity after dedu¢tittg ail of its liabilitie5. Page 10 Liden Community Council Notes ¢0 the Financial Statements for the Year Ended 31 March 2024 (continued) Recognilion t7ndmeosUren￿n1 All financial assets and liabilities are initially measured at transaction price (including trdnsaetion costs). except for those fjnaneial assets c12ssifJed as at fair valu¢ through profit or loss, which are initially measured at fair value (which is nonnally the tr3nsa¢tion price excluding transa¢tion ¢ostsl. unless the arrangement constittjtes a financing tratssa¢tiots. If art arrangement constitutes a finan¢ing transa¢tion, th¢ ftnan¢i31 asset or ftnaneial liabiliry is measured at the present value of the fvtute payments discounted at a market tat¢ of inter¢sE ftsr a similar debt instrument. Financial Issets and liabiliti¢s ar¢ only offset in th¢ stat¢m¢nt of finan¢ial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the ¢harity intends ¢ith¢r to settl¢ on a net basis, or to realise the asset and Settle the liability simultaneously. Financial assets are derecognised when and only when a) the contrdclual rights to the Cash flows from the f￿ancial asset expire or are s¢ttled, b) th¢ ¢harity transf¢rs to another party substantially all of the risks and rewards of ownership of the fitLan¢ial assei. or ¢) th¢ Charity, despit¢ having retsiDed some, but not all. signifi¢ant risks and rewards of ownership. has transferred conttol of the asset to another party. Fittancial liabilities are dcreco￿1sed only when the obligation specified in thc coTrtr8Ct is discharged, ￿nCelled or expires. Invulments Investments in subsidiaries and a550ciate5 ar¢ measured at cost less impaimiettt. For investtnellts in subsidiaries aequired for eonsideration including the issue of shares qualifying for merger relief. cost is TneasuTed by reference to the nominal value of the shares issued plu5 fair value of other consideration. Any premium is ignored. 2 IDcorne from charit8ble 9ttivities UDre5tricted funds General Total funds 10,442 10,442 Total for 2024 10,442 10,442 Total for 21123 9.470 9.470 Pagell Liden Community Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued} 3 Investment Unrestricted fund5 Gener*1 Total fulld$ Donations of profEts due from Liden Cotnmunity Centre Bar Limited 12,443 Total for 2024 12,443 12,443 Total for 2023 27,222 27.222 4 Staff Costs The a88re8ate payroll costs were as follow5.' 2024 2023 Staff ctssts during the year were: Wages and salaries 13,195 12.030 The mortthly average number of persons {including senior management I leaderthip team) employed by ihe charity during the year expressed as full titne equivalents was as follows.. 2024 Iyo 2023 Cleaner and earetaker No employee received remuTheTation of more that £60.000 duritlg the year. Tnjstees received no reM￿eratiOn and We￿ not reimbursed for expetJs¢s. 5 Ta￿tiO Th¢ eharity 15 a registeied charity and is therefore exernpt from t&xatiort. Page 12 Liden Community Council Notes lo the Financial Statements for the Year Ended 31 March 2024 (continued) 6 Tanglble Ilxed *5sets Furniture #Rd equiprnent Total Cost At l April 2023 6,417 6.417 At 31 March 2024 6,417 6.417 Depreciation At l April 2023 Charge for the year 5,576 210 5,576 210 At 31 March 2024 5,786 5,786 r4¢t book value At 31 March 2024 631 631 At 31 March 2023 841 841 7 Debtors 2024 2023 Trade debtor5 Due from group und¢rtakings Pryyments 541 8,612 400 661 10,840 378 9.553 11.879 8 CAsh ¢gsh equlvAleDts 2024 2023 C&sh at bank 1.098 9,739 9 Creditors: amounts falling due within one year 2024 2023 Trad¢ ¢reditors Other taxation and social security Other creditor5 Aecruals 2,996 215 3,497 1.855 2,543 .167 1.855 8.563 5.565 Page 13 Liden Community Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 10 Funds Unres¢ri¢ted funds Balance at I April 2023 Balauee 4t 31 Marth 2024 Unrestricted funds Geheral General {10,3281 110,328) Balance #t I April 2022 Incoming resources Re5011rees expended Bglgnce at 31 March 2023 Unr¢stricted funds General Generdl 13.145 110,328) Page 14 Lidell Community Council Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 11 An91ysRs of net assets between fund$ Unrestrided rund5 General Total thnds ot 31 Mirch 2024 Tangible fLx¢d asset5 Current assets Current liabilitte5 631 10,651 (8.563) 631 10,651 {8.563) Total net assets 2.719 2.719 Unrestricted funds General Total funds at 31 March 2023 Tangible fjxed assets Current assets Cutrent liabililies 841 21.618 (5.565) 841 21,618 {5.565) Total net assets 16.894 16.894 12 Reigted pArty transgctions During th¢ year the charity made the following related party trnnsa¢tions'. Liden Community Ctntr¢ Bar Limited (A tfdding subsidiary of the company) Summary of r¢sults Turnover.. £247.445 (2023 £215.477) Gross assets.. £27.02J12023 £23,442) Liabilities (excluding amounts due to charity). £21,406 (2023 £12.964) Profjts to be donai¢d by th¢ subsidiary are as follows:. 2024 £12,443 {2023 £12.0131 At the balanee sheet date th¢ amount du¢ from Liden Community Centr¢ Bar Limited was £8,612 (2023 £10,840). The trustees Trustees, Salaries £nil (2022 £nil) Trust¢es' benefits £nil12022 £nil} Trust¢¢s' ¢xp¢nses £nil (2022 £nil). At the balance sheet date the amount due tolfrnm The trustees was £Nil (2023- £Nil). Page 15 Liden Community Council Stgtement of Financial Aetivities by fund for the Year Ended 31 March 2024 Totgl Tot91 Unrtstricted UDre5tricted Funds Funds 2024 2023 Income 9nd Endowments from: Chatitable actlYLtÈes tnve5tment income 10.442 12.443 9.470 27,222 Totsl income 22,885 36.692 Expenditure Dn: Raising fijnds Charitable aGlivities (36.8511 1209) {32,812} Total expenditure (37,0601 32,9431 Net {expenditureYEncorne Net movement in funds (14,1751 3,749 (14.175) 3,749 RecoDciliation of funds Total funds brought forward 16,894 13,145 Total fimds ¢attied fotward 2,719 16.894 This pa8e doc5 nc*t fom part of th¢ statutory financial ststements. Page 16 Liden Community Council Detailed Statement of Finaneial Aetivities for the Year Ended 31 Mareh 2024 Total 2024 Total 2023 Intome and Endowment5 from- Charitable activities lanalysed below) It]v¢sknent income (analysed below) TO¢￿ income 10,442 12,443 9.470 27,222 22.885 36,692 Expenditure on: Raising funds (analysed b¢lowl Charitable actÈvilies {analys¢d below) (36.851> (32,8121 1209) ￿131) 137,060) 132,943) Totsl exp¢nditure Net (expenditureyincome 14.175 3.749 movement in funds (14,175) 3.749 Retontiliation of futtds Total futjds brought forward 16.894 13.145 Total filnds carried forward 2.719 16,894 This pa8e doe5 not forn part of the ststutory flnancial statements. Page 17 Liden Community Coun¢il Detailed Statement of FinAncial Activities for the Year Ended 31 March 2024 (continued) Totsl 21124 Totsl 2023 ChllriloNe uclivili Facilities lettin8S 10.442 9,470 9,470 10.442 Donation of proflts due from Liden Community Centre Bar Limited 12,443 27.222 12,443 27,222 RuisingfuKds Wages and salaries Staff NIC Staff pensions Rates and water Light, heat and power Insurance Repairs and maintettan¢e Cleaning Office expenses Trade subscriptions Accountancy fees {13,1951 1566) (209) (3,513) (13,1971 (686) 1433) (3.316) (32) (90) (1,614) 112,030) (422) (174) (301) 112.926) (630) (865) 13,228) 1389) (159) 11.688) 132,812) (36,851) Ch&rli4ble uulvliles Depre¢iation of otTic¢ equipm¢nt 1209} 2091 ￿131) (131) This page doe5 not forni part of the statutory financial sthtements. Page 18