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REGISTERED COMPANY NUMBER: 04573384 (England and Wales)
REGISTERED CHARITY NUMBER: 1097390














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

THE OLD SCHOOLHOUSE COMMUNITY PROJECT

THE OLD SCHOOLHOUSE COMMUNITY PROJECT

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 12

THE OLD SCHOOLHOUSE COMMUNITY PROJECT (REGISTERED NUMBER: 04573384)

Report of the Trustees
for the Year Ended 31 March 2023



The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2022.

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are:
a) to advance education and provide a facility for social welfare, recreation and other leisure-time occupations to improve the living conditions for the residents of St Gabriel's ward and surrounding districts, without distinction by sex, sexual orientation, race, political, religious or other opinions.
b) to secure the establishment of a community centre, whether alone or in co-operation with the local authority or other body in furtherance of these objects.
The charity shall not be partisan or sectarian.

Objectives, strategies and activities
The charity provides high quality meeting space for voluntary organisations and community groups. It supports business start-ups with low, or no cost, use of its facilities.

Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04573384 (England and Wales)

Registered Charity number
1097390

Registered office
The Old Schoolhouse
Saint Johns Road
Huyton
Merseyside
L36 0UX

Trustees
Ms Honora Ambrose
Mr Bryan Blois
Mr Stephen Anthony Carroll
Sister Mary Kelly
Mr Mark Sweeney

Company Secretary
Mr Karl James Hart


THE OLD SCHOOLHOUSE COMMUNITY PROJECT (REGISTERED NUMBER: 04573384)

Report of the Trustees
for the Year Ended 31 March 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

Approved by order of the board of trustees on 19 October 2023 and signed on its behalf by:





Sister Mary Kelly - Trustee

Independent Examiner's Report to the Trustees of
The Old Schoolhouse Community Project


Independent examiner's report to the trustees of The Old Schoolhouse Community Project ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Butterworth Barlow
The Institute of Chartered Accountants in England and Wales

Butterworth Barlow
Liverpool

19 October 2023

THE OLD SCHOOLHOUSE COMMUNITY PROJECT

Statement of Financial Activities
for the Year Ended 31 March 2023

31.3.23 31.3.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 151,496 124,797

Charitable activities
Other 80,666 56,186

Other trading activities 2 18,636 7,291
Investment income 3 295 13
Total 251,093 188,287

EXPENDITURE ON
Charitable activities
Other 207,750 217,859

NET INCOME/(EXPENDITURE) 43,343 (29,572 )


RECONCILIATION OF FUNDS
Total funds brought forward 238,311 267,883

TOTAL FUNDS CARRIED FORWARD 281,654 238,311

THE OLD SCHOOLHOUSE COMMUNITY PROJECT (REGISTERED NUMBER: 04573384)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 8 18,772 20,576

CURRENT ASSETS
Debtors 9 7,423 3,120
Cash at bank and in hand 262,196 220,810
269,619 223,930

CREDITORS
Amounts falling due within one year 10 (6,737 ) (6,195 )

NET CURRENT ASSETS 262,882 217,735

TOTAL ASSETS LESS CURRENT LIABILITIES 281,654 238,311

NET ASSETS 281,654 238,311
FUNDS 11
Unrestricted funds 281,654 238,311
TOTAL FUNDS 281,654 238,311

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


THE OLD SCHOOLHOUSE COMMUNITY PROJECT (REGISTERED NUMBER: 04573384)

Balance Sheet - continued
31 March 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 19 October 2023 and were signed on its behalf by:





Sister Mary Kelly - Trustee

THE OLD SCHOOLHOUSE COMMUNITY PROJECT

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Improvements to property - in accordance with the property

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


THE OLD SCHOOLHOUSE COMMUNITY PROJECT

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. OTHER TRADING ACTIVITIES
31.3.23 31.3.22
£    £   
Catering 18,636 7,291

3. INVESTMENT INCOME
31.3.23 31.3.22
£    £   
Interest on cash deposits 295 13

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.23 31.3.22
£    £   
Depreciation - owned assets 1,804 1,805
Other operating leases - 4,500

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


6. STAFF COSTS
31.3.23 31.3.22
£    £   
Wages and salaries 116,141 138,669
Social security costs 4,946 12,169
Other pension costs 2,269 2,871
123,356 153,709

The average monthly number of employees during the year was as follows:

31.3.23 31.3.22
Number of employees 5 6

No employees received emoluments in excess of £60,000.

THE OLD SCHOOLHOUSE COMMUNITY PROJECT

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 124,797

Charitable activities
Other 56,186

Other trading activities 7,291
Investment income 13
Total 188,287

EXPENDITURE ON
Charitable activities
Other 217,859

NET INCOME/(EXPENDITURE) (29,572 )


RECONCILIATION OF FUNDS
Total funds brought forward 267,883

TOTAL FUNDS CARRIED FORWARD 238,311

8. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 April 2022 and 31 March 2023 45,114
DEPRECIATION
At 1 April 2022 24,538
Charge for year 1,804
At 31 March 2023 26,342
NET BOOK VALUE
At 31 March 2023 18,772
At 31 March 2022 20,576

THE OLD SCHOOLHOUSE COMMUNITY PROJECT

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 7,423 -
Prepayments - 3,120
7,423 3,120

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 2,323 243
Social security and other taxes 2,414 2,952
Accrued expenses 2,000 3,000
6,737 6,195

11. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 238,311 43,343 281,654

TOTAL FUNDS 238,311 43,343 281,654

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 251,093 (207,750 ) 43,343

TOTAL FUNDS 251,093 (207,750 ) 43,343


THE OLD SCHOOLHOUSE COMMUNITY PROJECT

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.21 in funds 31.3.22
£    £    £   
Unrestricted funds
General fund 267,883 (29,572 ) 238,311

TOTAL FUNDS 267,883 (29,572 ) 238,311

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 188,287 (217,859 ) (29,572 )

TOTAL FUNDS 188,287 (217,859 ) (29,572 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.21 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 267,883 13,771 281,654

TOTAL FUNDS 267,883 13,771 281,654

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 439,380 (425,609 ) 13,771

TOTAL FUNDS 439,380 (425,609 ) 13,771

THE OLD SCHOOLHOUSE COMMUNITY PROJECT

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.