2023-07-01 07982400 2024-06-30 07982400 2023-07-01 2024-06-30 07982400 uk-bus:Director9 2023-07-01 2024-06-30 07982400 uk-bus:Director9 2024-06-30 07982400 uk-bus:Director10 2023-07-01 2024-06-30 07982400 uk-bus:Director10 2024-06-30 07982400 uk-bus:Director11 2023-07-01 2024-06-30 07982400 uk-bus:Director11 2024-06-30 07982400 uk-bus:Director12 2023-07-01 2024-06-30 07982400 uk-bus:Director12 2024-06-30 07982400 uk-bus:Director13 2023-07-01 2024-06-30 07982400 uk-bus:Director13 2024-06-30 07982400 uk-bus:Director14 2023-07-01 2024-06-30 07982400 uk-bus:Director14 2024-06-30 07982400 uk-bus:Director17 2023-07-01 2024-06-30 07982400 uk-bus:Director17 2024-06-30 07982400 uk-bus:Director18 2023-07-01 2024-06-30 07982400 uk-bus:Director18 2024-06-30 07982400 2023-06-30 07982400 2022-07-01 2023-06-30 07982400 uk-char:TotalRestrictedIncomeFunds 2023-07-01 2024-06-30 07982400 uk-char:TotalUnrestrictedFunds 2023-07-01 2024-06-30 07982400 uk-core:WithinOneYear 2024-06-30 07982400 uk-core:WithinOneYear 2023-06-30 07982400 uk-char:TotalRestrictedIncomeFunds 2024-06-30 07982400 uk-char:TotalRestrictedIncomeFunds 2023-06-30 07982400 uk-char:TotalUnrestrictedFunds 2024-06-30 07982400 uk-char:TotalUnrestrictedFunds 2023-06-30 07982400 uk-core:PlantMachinery 2023-07-01 2024-06-30 07982400 uk-char:Activity1 2023-07-01 2024-06-30 07982400 uk-char:Activity1 2022-07-01 2023-06-30 07982400 uk-char:Activity2 2023-07-01 2024-06-30 07982400 uk-char:Activity5 2023-07-01 2024-06-30 07982400 uk-core:WithinOneYear 2023-07-01 2024-06-30 07982400 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund10 2023-07-01 2024-06-30 07982400 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund7 2023-07-01 2024-06-30 07982400 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2023-07-01 2024-06-30 07982400 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund12 2023-07-01 2024-06-30 07982400 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund10 2022-07-01 2023-06-30 07982400 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund7 2022-07-01 2023-06-30 07982400 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2022-07-01 2023-06-30 07982400 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund12 2022-07-01 2023-06-30 07982400 uk-char:TotalUnrestrictedFunds 2022-07-01 2023-06-30 07982400 uk-char:MaterialFund12 uk-char:TotalUnrestrictedFunds 2023-07-01 2024-06-30 07982400 uk-char:MaterialFund7 uk-char:TotalUnrestrictedFunds 2023-07-01 2024-06-30 07982400 uk-char:MaterialFund10 uk-char:TotalUnrestrictedFunds 2023-07-01 2024-06-30 07982400 uk-char:MaterialFund1 uk-char:TotalUnrestrictedFunds 2023-07-01 2024-06-30 07982400 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund11 2023-07-01 2024-06-30 07982400 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund3 2023-07-01 2024-06-30 07982400 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund11 2022-07-01 2023-06-30 07982400 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund3 2022-07-01 2023-06-30 07982400 uk-char:TotalRestrictedIncomeFunds 2022-07-01 2023-06-30 07982400 uk-char:MaterialFund3 uk-char:TotalRestrictedIncomeFunds 2023-07-01 2024-06-30 07982400 uk-char:MaterialFund11 uk-char:TotalRestrictedIncomeFunds 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure 07982400 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07982400 uk-bus:FRS102 2023-07-01 2024-06-30 07982400 uk-bus:FullAccounts 2023-07-01 2024-06-30
(England and Wales)
Company number: 07982400
Charity number: 1147358
Working Together (Ludlow) Limited
For the year ended 30 June 2024
Report of the Trustees and Examined Financial Statements
2
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Contents Page
1 to 4
Report of the Trustees
5
Independent Examiner's Report to the Trustees
6
Statement of Financial Activities
7
Statement of Financial Position
8 to 17
Notes to the Financial Statements
3
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Report of the Trustees
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the
financial statements for the charitable company for the year ended 30 June 2024. The Trustees have adopted the provisions
of 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 the Republic of Ireland (FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Working Together is a charity supporting people with learning disabilities and difficulties. We offer supportive opportunities for adults and young people aged 11 and over and promote the positive role people with learning disabilities can play in the local community. Our aims are to foster a welcoming, loving and supporting environment to: ·promote happiness, good health and wellbeing; ·encourage a strong sense of belonging; ·develop a stimulating and creative work and social environment; ·encourage all to develop their own skills and talents; ·do what we can as well as we can; ·create an environment where all are valued, appreciated and included; ·encourage the inclusion of people with learning disabilities in all aspects of community life
Statement on public benefit
Working Together (Ludlow) Limited's charitable purpose is enshrined in its objectives and delivers public benefit through the work it performs in delivering these objectives. The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
Volunteers
The Trustees are very grateful for the commitment and dedication given by the Working Together volunteers through this year. Our volunteers support the staff team and our members at our daytime activities at Rockspring, Youth Club, Diversity, Sewing Bee and Writers' Club. Our wonderful, reliable volunteers in Craven Arms hard work and dedication at the Charity Bookshop provides a sustainable fundraising stream to the charity as well as opportunities for our members to get involved in stock management, book stalls at local events, enjoyment of books and generating online sales. Key Personnel Changes All of our staff, daytime and evening, have continued to work tirelessly, with dedication and commitment to deliver the very best services and support to our members and their families. We welcome Kevan Amphlett-Whyley to the role of Caretaker & Compliance Assistant as our building responsibilities at the Rockspring Centre have increased. Several team members have increased their contracted hours to reflect the increasing daytime members and commissioning framework requirements. The Trustees would like to express their gratitude to all the staff, who continue to go above and beyond, to support our members and the Working Together family.
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4
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Report of the Trustees Continued
ACHIEVEMENTS AND PERFORMANCE
Significant activities
Working Together has continued to promote a positive image of the role that people with learning disabilities and difficulties can play in the wider community. Our members are well-known, liked and respected throughout the local area. The space we have at the Rockspring Centre has enabled us to continue to grow our membership and deliver high quality services 5 days a week. During 2023/24 numbers attending each day have continued to increase. Youth Club continues to thrive, with the support of Children in Need, delivering a comprehensive weekly programme of positive opportunities and activities on a Tuesday evening. Diversity continues, with growing numbers participating and members enjoying a wide range of social activities each fortnight. The Rockspring Centre offers:· A place for people to come together to learn, build confidence and make friends· A skills training centre for our members, particularly in relation to food and drink· Arts and crafts workspace · A social club and safe haven · A friendly meeting point for supporters, members and volunteers The outside space at Rockspring offers gardening activities, outside seating areas, pizza oven and barbeque facilities. All our activities provide opportunities for our members to learn independence, life and social skills, and with support to maintain and progress work based programmes. All of the food produced at Working Together is prepared with the help and input of our members with learning disabilities and difficulties. Our staff team and volunteers support members to prepare, cook and serve each other, the weekly Rockspring community lunch and visitors to the mini café. They are also involved in the compliance management of food hygiene such as the opening and closing procedures, fridge and freezer temperature monitoring etc. Social and Activity Projects including Youth Club, Diversity, Sewing Bee and Writers' Club:Youth Club (11-18) - Weekly Youth Club sessions, held at Rockspring, have included the following activities: · Food preparation and tasting - Crafts - Physical activities· Use of computers · Communication games Diversity (18+)Diversity is for members aged over 18 and includes fortnightly Diversity evenings with social activities based on the interests of members. Events have included: . Meals out. Bowling and croquet . Quiz nights Sewing Bee and Makers Club encourages members to develop and improve their sewing and crafting skills. Writers' Club encourages members to share their creative writing. Our regular Newsletter shares stories, photos and useful information with our members and supporters. Trustees have met quarterly, both in person and/or via Zoom.
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5
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Report of the Trustees Continued
FINANCIAL REVIEW
Total receipts for the year were £180,923 of which £171,093 were to unrestricted funds and £9,830 were restricted to specified projects. Member fees contributed £112,928, an increase of 27.7% on last year, reflecting the increased number of day places for members across five days and an annual uplift in fees payments by the local authority from April 2023. The Charity Bookshop generated £37,213. Donations provided a further £9,092 from a broad range of valued donors and attendance at various events including the Spring Festival and Ludlow Food Festival. Grants received totalled £11,780, the majority from Children in Need £9,830. Grants are down on the previous year as no new applications have been submitted during this period. Total payments for the year were £151,153 of which £102,629 was spent on wages following establishment growth to reflect growing member numbers and building responsibilities. The excess of payments over receipts was £29,770, which allows £170,318 to be carried forward into next year.
Reserves
It is our policy to try to maintain a balance of unrestricted funds which equates to at least 6 months' unrestricted payments. This is equivalent to £70,979. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance on unrestricted funds at the year end of £159,486, means that the charity has achieved this target for 2023/24. We are anticipating signing a lease for our space at the Rockspring Centre in 2024/25 which will increase our financial outgoings and liabilities. Looking forward, Trustees will continue to keep close management of the finances to ensure the charity remains in a strong financial position.
Going concern
The financial position of the Charity remains sound. Income levels are increasing in line with our Business Plan, by
continuing to improve our daytime offer and the number of members attending daytime activities. This fee income is
supplemented by income generated at the Charity Bookshop. We have been able to maintain sufficient income levels to
meet our closely managed expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Working Together (Ludlow) Limited is a company limited by guarantee, registered in England and Wales and is governed by
its Memorandum and Articles of Association.
The company's registered address is the same as its principal address.
It is registered as a charity with the Charity Commission.
Recruitment and appointment of trustees
Each new trustee receives an induction from the Chairman and the Chief Officer. DBS checks are carried out on trustees if they are actively involved in service activity within the organisation.
REFERENCE AND ADMINISTRATIVE INFORMATION
Working Together (Ludlow) Limited
Name of Charity
Charity registration number
1147358
07982400
Company registration number
Rockspring Centre
Principal address
Sandford Road
Ludlow
SY8 1SX
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6
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Report of the Trustees Continued
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mrs Emily Moseley
Mr Simon Lambourne (Resigned on 12/02/2024)
(Resigned: 12 February 2024)
Mrs Louise AntonMrs Louise Anton
(Appointed: 30 September 2019)
(Resigned: 12 November 2024)
Mr Julian Crombleholme
Mrs Alison Holman
Mr Michael Beazley MBE
Mrs Nicola North - Chair
Julia Maxwell Muller (appointed on 14/02/2024)
(Appointed: 14 February 2024)
Nigel Bishop
Senior management
JJ Accounts Limited
Independent examiners
Redroofs
Berrington Road
Tenbury Wells
WR15 8EN
Lloyds Bank plc
Bankers
Broad Street
Ludlow
SY8 1NQ
.............................................................................
Approved by the Board of Trustees and signed on its behalf by
26 November 2024
Mrs Nicola North - Chair
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7
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 June 2024.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, 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 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 examiners statement
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 that in any material respect:
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 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.
JJ Accounts Limited
Redroofs
Berrington Road
Tenbury Wells
WR15 8EN
26 November 2024
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8
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Statement of Financial Activities (including Income and Expenditure Account)
Notes
2023
2024
Restricted
funds
Unrestricted
funds
£
£
£
£
Income and endowments from:
Donations and legacies
20,872
25,199
9,830
11,042
2
Charitable activities
3
90,931
116,569
-
116,569
Daytime activities
1,640
2,057
-
2,057
Social and Active Projects -
Youth Club and Diversity
32,931
37,213
-
37,213
Book Shop
Other trading activites
4
1,938
-
1,938
1,985
Other activities for generating
funds
Investments
5
10
2,274
-
2,274
Bank interest receivable
Total
180,923
152,696
9,830
171,093
Expenditure on:
Charitable activities
6/7
(100,986)
(120,553)
(700)
(119,853)
Daytime activities
(10,399)
(10,899)
(8,495)
(2,404)
Social and Active Projects -
Youth Club and Diversity
(18,247)
(19,701)
-
(19,701)
Book Shop
Total
(151,153)
(129,632)
(9,195)
(141,958)
29,770
23,064
635
29,135
Net income
Reconciliation of funds
Total funds brought forward
117,484
140,548
10,197
130,351
Total funds carried forward
159,486
10,832
170,318
140,548
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9
07982400
Registered Number :
As at 30 June 2024
Working Together (Ludlow) Limited
Statement of Financial Position
£
£
Notes
2024
2023
Fixed assets
Tangible assets
6,730
5,236
11
6,730
5,236
Current assets
7,097
3,484
12
Debtors
Cash at bank and in hand
165,755
138,823
172,852
142,307
Creditors: amounts falling due within one year
(9,264)
(6,995)
13
Net current assets
163,588
135,312
Total assets less current liabilities
170,318
140,548
Net assets
170,318
140,548
The funds of the charity
Restricted income funds
14
10,832
10,197
Unrestricted income funds
14
159,486
130,351
Total funds
170,318
140,548
For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
26 November 2024
Mrs Nicola North - Chair
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10
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Notes to the Financial Statements
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006. Working Together (Ludlow) Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
The accounts have been drafted on the basis that the charity is a going concern.
Funds
Funds held by the charity are either Unrestricted income funds are those funds which can be used in accordance with the charitable objects at the discretion of the trustees. Restricted funds are those funds donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income including donations, legacies and grants that provide core funding or are of a general nature is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such income is only deferred when - the donor specifies that the grant or donation must only be used for future accounting periods; or- the donor has imposed conditions which must be met before the charity has unconditional entitlement. Incoming resources from tax reclaims are included in the statement of financial activities when received. Income derived from events is recognised as earned (that is, as the related goods or services are provided). Investment income is recognised on a receivable basis. The value of voluntary help received is not included in the accounts.
Donated services and facilities
Donated services and facilities are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the Charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the Charity of the service or facility received.
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11
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Notes to the Financial Statements Continued
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Charitable activities
The activities of the Charity are those of developing work skills and providing social opportunities for its members.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example allocating staff costs by the time spent and other costs by their usage.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% per annum on cost
Plant and machinery
2. Income from donations and legacies
2023
2024
Restricted
funds
Unrestricted
funds
£
£
£
£
Donations received
9,196
9,092
-
9,092
Grants received
16,003
11,780
9,830
1,950
25,199
20,872
9,830
11,042
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12
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Notes to the Financial Statements Continued
Analysis of grants received
2024
2023
£
£
9,830
10,330
BBC Children in Need
1,000
-
Bella Acapella
-
2,810
Connexus
-
400
Humphrey Salwey
-
2,500
Ludlow Golf Club
-
1,150
Ludlow School
3,087
1,142
Ludlow Spring, Winter and Christmas Fayre
-
563
Ludlow Town Council
1,952
2,005
Other
1,950
2,300
Shropshire Council
2,000
2,000
The Millichope Foundation
1,053
-
The Squirrel
25,199
20,872
3. Income from charitable activities
2023
2024
£
£
Unrestricted funds
Daytime activities
3,641
2,548
Food sales
112,928
88,383
Members' contributions
116,569
90,931
Social and Active Projects -
Youth Club and Diversity
2,057
1,640
Members' contributions
Book Shop
37,213
32,931
Income from charitable
activities
125,502
155,839
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13
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Notes to the Financial Statements Continued
4. Income earned from other activities
2023
2024
£
£
Unrestricted funds
1,985
1,938
Other activities for generating
funds
1,985
1,938
5. Investment income
2023
2024
£
£
Unrestricted funds
Bank interest receivable
2,274
10
10
2,274
Investment income arises from interest earned on the funds held in the deposit account.
6. Costs of charitable activities by fund type
2023
2024
Restricted
funds
Unrestricted
funds
£
£
£
£
104,217
700
89,225
104,917
Daytime activities
2,404
8,495
10,399
10,899
Social and Active Projects -
Youth Club and Diversity
19,701
-
18,247
19,701
Book Shop
15,636
-
11,761
15,636
Support costs
141,958
9,195
129,632
151,153
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14
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Notes to the Financial Statements Continued
7. Costs of charitable activities by activity type
2023
2024
Support
costs
Activities
undertaken
directly
£
£
£
£
Support costs
Daytime activities
120,553
15,636
104,917
100,986
Social and Active Projects -
Youth Club and Diversity
10,899
-
10,899
10,399
Book Shop
19,701
-
19,701
18,247
135,517
15,636
151,153
129,632
8. Analysis of support costs
2023
2024
£
£
Daytime activities
Administration
2,954
2,798
Premises
6,296
3,592
Insurance
1,058
978
Subscriptions
924
680
Repairs and
maintenance
2,324
2,099
Governance costs
2,080
1,614
11,761
15,636
9. Staff costs
Total staff costs for the year ended 30 June 2024 were:
2024
2023
£
£
Salaries and wages
100,901
84,498
Social security costs
823
1,446
Pension costs
905
1,058
102,629
87,001
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15
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Notes to the Financial Statements Continued
2024
2023
2
Administration
2
8
Charitable Activities
8
10
10
10. Comparative for the Statement of Financial Activities
2023
Restricted
funds
Unrestricted
funds
£
£
£
Income and endowments from:
Donations and legacies
25,199
13,140
12,059
Charitable activities
125,502
-
125,502
Other trading activites
1,985
-
1,985
Investments
10
-
10
Total
152,696
13,140
139,556
Expenditure on:
Charitable activities
(119,856)
(9,776)
(129,632)
Total
(129,632)
(9,776)
(119,856)
23,064
3,364
19,700
Net income
Reconciliation of funds
Total funds brought forward
117,484
6,833
110,651
Total funds carried forward
130,351
10,197
140,548
11. Tangible fixed assets
Plant and
machinery
Cost or valuation
£
12,687
At 01 July 2023
4,741
Additions
At 30 June 2024
17,428
Depreciation
7,451
At 01 July 2023
Charge for year
3,247
10,698
At 30 June 2024
Net book values
At 30 June 2024
At 30 June 2023
6,730
5,236
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16
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Notes to the Financial Statements Continued
12. Debtors
2024
2023
£
£
Amounts due within one year:
Other debtors
7,097
3,484
7,097
3,484
13. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
72
423
Other creditors
7,577
5,004
Accruals and deferred income
1,615
1,568
9,264
6,995
Included in accruals and deferred income is £1,350 deferred income from Shropshire Council. This will be treated as income in the year ended 30 June 2025.
14. Movement in funds
Unrestricted Funds
Balance at
01/07/2023
Incoming
resources
Outgoing
resources
Balance at
30/06/2024
£
£
£
£
General
20,574
37,212
(19,701)
38,085
Book Shop
13,472
2,953
(2,404)
14,021
Diversity
95,404
129,874
(119,853)
105,425
Daytime Activities
901
1,054
-
1,955
Youth Club
130,351
171,093
(141,958)
159,486
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17
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Notes to the Financial Statements Continued
Unrestricted Funds - Previous year
Balance at
01/07/2022
Incoming
resources
Outgoing
resources
Balance at
30/06/2023
£
£
£
£
General
5,890
32,931
(18,247)
20,574
Book Shop
13,014
3,039
(2,581)
13,472
Diversity
91,747
102,685
(99,028)
95,404
Daytime Activities
-
901
-
901
Youth Club
110,651
139,556
(119,856)
130,351
Purpose of unrestricted Funds
Youth Club
This fund helps to provide weekly activities for 11 to 18 year olds.
Diversity
This project provides members with activities and events that help them to build confidence and improve their communication skills both within the group and the wider public.
Book Shop
Bookshop has brought a new fundraising stream to the charity together with new opportunities for our members to get involved in stock management, enjoyment of books and online sales.
Daytime Activities
This fund includes the income and expenditure relating to food production, sewing bee and writers' clubs.
Restricted Funds
Balance at
01/07/2023
Incoming
resources
Outgoing
resources
Balance at
30/06/2024
£
£
£
£
Daytime Activities
1,657
2,357
-
(700)
Youth Club
9,175
7,840
9,830
(8,495)
10,197
9,830
(9,195)
10,832
15 of 17
18
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Notes to the Financial Statements Continued
Restricted Funds - Previous year
Balance at
01/07/2022
Incoming
resources
Outgoing
resources
Balance at
30/06/2023
£
£
£
£
Daytime Activities
2,357
1,200
2,810
(1,653)
Youth Club
7,840
5,633
10,330
(8,123)
6,833
13,140
(9,776)
10,197
Purpose of restricted funds
Youth Club
This project is funded by Children in Need to provide Youth Club facilities for 11 to 18 years olds.
Daytime Activities
This fund includes the income and expenditure relating grants for specific items to assist with daytime activities.
15. Analysis of net assets between funds
Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
Unrestricted funds
General
-
38,085
38,085
Book Shop
234
13,787
14,021
Diversity
5,277
100,148
105,425
Daytime Activities
-
1,955
1,955
Youth Club
Restricted funds
999
658
1,657
Daytime Activities
220
8,955
9,175
Youth Club
6,730
163,588
170,318
16 of 17
19
For the year ended 30 June 2024
Working Together (Ludlow) Limited
Notes to the Financial Statements Continued
Previous year
Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
Unrestricted funds
General
-
20,574
20,574
Book Shop
351
13,121
13,472
Diversity
3,079
92,325
95,404
Daytime Activities
-
901
901
Youth Club
Restricted funds
1,699
658
2,357
Daytime Activities
107
7,733
7,840
Youth Club
5,236
135,312
140,548
17 of 17