Charity registration number 1126994 (England and Wales)
Company registration number 05289213
TUNZA'S PRIDE LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
TUNZA'S PRIDE LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
M G Hodgetts
C H Davey
I G P Smith
A Molyneux
(Appointed 15 October 2024)
J McNeill
(Appointed 15 October 2024)
C Oates
(Appointed 15 October 2024)
Secretary
M G Hodgetts
Charity number (England and Wales)
1126994
Company number
05289213
Principal address
Silkstone Works
Boundary Road
St Helens
Merseyside
WA10 2PZ
Registered office
3 Huyton Avenue
Dentons Green
St Helens
Merseyside
WA10 6LY
Independent examiner
Darren Leigh FCCA
BK Plus Limited
7 Waterside Court
St. Helens
Merseyside
United Kingdom
WA9 1UA
TUNZA'S PRIDE LTD
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 14
TUNZA'S PRIDE LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 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 (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objects of the charity are:

The relief of sickness and the preservation of health among young people residing in the North West of England, through the provision of financial and other assistance and;

The relief of financial hardship, either generally or individually, of young people living in the North West of England by making grants of money for providing or paying for items, services or facilities and raising awareness among young people.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance
Significant activities and achievements against objectives

A rather testing financial year has seen the charity continue to support many of the town's more vulnerable groups and families. We have seen an increase in the number of families accessing our facilities through attending preschool sessions, in particular, using the sensory room facility we have at The Tunza Centre.

Although we have tried securing adequate funding, we have not been able to create an outdoor building to replace the marquee.

The ten year anniversary since the opening of The Tunza Centre in January, was a great success with a special set of events marking the milestone, including a hugely successful family evening in February.

Our partnership work with the Friends Charity is flourishing and we have introduced more activity days for these families during the school holidays, extending our Friends Friday provision by adding Mates Mondays, social and activity days for families with children who have a disability.

Working in partnership with other charitable groups has increased, and in particular, with St Helens Rotary who have supported a new Christmas event which took place in December 2023, Santa Smiles. A special pre-Christmas event with character visits, two reindeer for children to meet, plus the Rotary's sleigh and a meeting with Father  Christmas. This event was aimed at families who had endured a difficult year. It was a huge success.

In February the charity and its volunteers were awarded The Mayor's Award for outstanding work helping families in St Helens. A visit to the Mayor's Parlour is booked for key Tunza personnel and volunteers in the springtime to collect certificates and formally meet the Mayor.

 

Financial review

The charity has a net deficit of expenditure over income for the year of £4,579, (2023: £39,162). The charity held £5,521, (2023: £4,975) in its bank accounts at the year end. Total reserves at the year end were £5,535, (2023: £10,114). Restricted funds at the year end were £6,500, (2023: £4,000).

TUNZA'S PRIDE LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Going concern

The trustees, after taking into account all information that could reasonably be expected to be available, consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Policy on reserves

 

Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (Charities SORP) defines reserves as income which becomes available to the charity and is to be spent at the Trustees' discretion in furtherance of any of the Charity's objectives, but which is not yet spent, committed or designated.

 

The definition therefore excludes income funds which could only be realised by disposing of fixed assets. Free reserves as at 31 March 2024 are in deficit by £965, a decrease of £7,079. The trustees do recognise however, that it would be prudent if the level of free reserves were increased to enable the charity to continue to further its objectives.

Plans for future periods

With the increase in demand to use the facilities at The Tunza Centre comes the extra workload attached to running the centre for longer periods. It's become evident, during this past year, that more help and support is required, not just by volunteers, but the possibility of recruiting staff on a full time basis.

Work has already begun, and will continue next financial year, to look into the feasibility of securing long-term funding to help us to improve various aspects of The Tunza Centre. Some older equipment also needs updating or replacing.

Early steps have been taken to look at social investment funding and we are working with some specialist organisations who will be conducting a company audit of our working systems, the value we offer within the community and the positive impact we provide for local people. This process can take a year or so to complete, however, it already looks likely we will be taking strides to secure some much needed funds to help us not just maintain our services, but to improve and enhance all aspects of our organisation, charity and company.

November 2024 will also see the 20th anniversary of Tunza's Pride with plans afoot to mark this milestone with some key activities and events.    

Structure, governance and management

The charity is administered by its board of trustees. The board, together with the senior management team, is responsible for formulating the strategy and policies of the organisation.

The company is limited by guarantee and governed by its constitution. The trustees have delegated day to day management of the charity to Mr. I Smith, a trustee.

The trustees are drawn from a variety of backgrounds to ensure the board has the required expertise. All new trustees are subject to an induction process which includes the opportunity to meet with senior management and staff and to visit the centre to see how it operates on a day to day basis.

 

Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

TUNZA'S PRIDE LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

The trustees' report was approved by the Board of Trustees.

I G P Smith
Trustee
16 January 2025
TUNZA'S PRIDE LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF TUNZA'S PRIDE LTD
- 4 -

I report to the trustees on my examination of the financial statements of Tunza's Pride Ltd (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

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

Independent examiner's 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 charity as required by section 386 of the Companies Act 2006.
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
4. the financial statements 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 financial statements 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 financial statements to be reached.

.............................
Darren Leigh
FCCA
BK Plus Limited
7 Waterside Court
St. Helens
Merseyside
WA9 1UA
United Kingdom
16 January 2025
TUNZA'S PRIDE LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and grants
2
11,985
3,000
14,985
18,457
-
18,457
Charitable activities
3
80,971
-
80,971
80,079
-
80,079
Other trading activities
4
6,243
-
6,243
6,212
-
6,212
Total income
99,199
3,000
102,199
104,748
-
104,748
Expenditure on:
Raising funds
5
10,607
36
10,643
19,789
36
19,825
Charitable activities
6
95,671
464
96,135
123,621
464
124,085
Total expenditure
106,278
500
106,778
143,410
500
143,910
Net income/(expenditure) and movement in funds
(7,079)
2,500
(4,579)
(38,662)
(500)
(39,162)
Reconciliation of funds:
Fund balances at 1 April 2023
6,114
4,000
10,114
44,776
4,500
49,276
Fund balances at 31 March 2024
(965)
6,500
5,535
6,114
4,000
10,114

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 7 to 14 form part of these financial statements.

TUNZA'S PRIDE LTD
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 6 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
13
65,263
73,250
Current assets
Cash at bank and in hand
5,521
4,975
Creditors: amounts falling due within one year
15
(39,988)
(38,374)
Net current liabilities
(34,467)
(33,399)
Total assets less current liabilities
30,796
39,851
Creditors: amounts falling due after more than one year
16
(25,261)
(29,737)
Net assets
5,535
10,114
The funds of the charity
Restricted income funds
17
6,500
4,000
Unrestricted funds
18
(965)
6,114
5,535
10,114

The notes on pages 7 to 14 form part of these financial statements.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees on 16 January 2025
I G P Smith
Trustee
Company registration number 05289213 (England and Wales)
TUNZA'S PRIDE LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
1
Accounting policies
Charity information

Tunza's Pride Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 3 Huyton Avenue, Dentons Green, St Helens, Merseyside, WA10 6LY.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

TUNZA'S PRIDE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 8 -

Raising funds

These are costs incurred in attracting voluntary income and those incurred in trading activities that raise funds.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20% straight line
Equipment
25% straight line
Garden project
10% straight line
2
Income from donations and grants
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
11,985
3,000
14,985
15,457
-
15,457
Grants from companies
-
-
-
3,000
-
3,000
11,985
3,000
14,985
18,457
-
18,457
3
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Cafe and bar
44,001
34,463
Holiday club
9,822
7,884
Party and events
22,708
27,646
Room hire
4,440
10,086
80,971
80,079
TUNZA'S PRIDE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
4
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising events
6,243
6,212
5
Expenditure on raising funds
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Fundraising and publicity
Governance costs
279
-
279
272
-
272
Staging fundraising events
5,785
-
5,785
13,538
-
13,538
Depreciation and impairment
580
36
616
652
36
688
Support costs
3,963
-
3,963
5,327
-
5,327
10,607
36
10,643
19,789
36
19,825
6
Expenditure on charitable activities
Cafe and bar
Holiday club
Party and events
Room hire
Total
2024
2024
2024
2024
2024
£
£
£
£
£
Direct costs
Depreciation and impairment
4,341
969
2,240
439
7,989
Purchases
18,362
-
14,759
-
33,121
22,703
969
16,999
439
41,110
Share of support and governance costs (see note 8)
Support
27,937
6,236
14,420
2,817
51,410
Governance
1,965
438
1,014
198
3,615
52,605
7,643
32,433
3,454
96,135
Analysis by fund
Unrestricted funds - general
52,353
7,587
32,303
3,428
95,671
Restricted funds
252
56
130
26
464
52,605
7,643
32,433
3,454
96,135
TUNZA'S PRIDE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
6
Expenditure on charitable activities
(Continued)
- 10 -
Previous year:
Cafe and bar
Holiday club
Party and events
Room hire
Total
2023
2023
2023
2023
2023
£
£
£
£
£
Direct costs
Depreciation and impairment
3,819
874
3,063
1,117
8,873
Purchases
26,194
-
15,376
-
41,570
30,013
874
18,439
1,117
50,443
Grant funding of activities (see note 7)
-
-
1,478
-
1,478
Share of support and governance costs (see note 8)
Support
29,547
6,760
23,703
8,646
68,656
Governance
1,510
345
1,211
442
3,508
61,070
7,979
44,831
10,205
124,085
Analysis by fund
Unrestricted funds - general
60,870
7,933
44,671
10,147
123,621
Restricted funds
200
46
160
58
464
61,070
7,979
44,831
10,205
124,085
7
Grants payable
Party and events
2023
£
Grants to institutions:
Other
1,478
TUNZA'S PRIDE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
8
Support costs allocated to activities
2024
2023
£
£
Operating lease charges
2,937
3,273
Rent & rates
20,914
21,308
Light & heat
2,211
10,442
Insurance
1,953
1,752
Repairs & renewals
2,545
3,082
Security costs
1,850
1,672
TV subscriptions
1,698
2,800
Sundries
4,054
3,512
Bank charges
941
188
Bank loan interest
870
954
Consultancy fees
15,400
25,000
Governance costs
3,894
3,780
59,267
77,763
Analysed between:
Fundraising
4,242
5,599
Cafe and bar
29,902
31,057
Holiday club
6,674
7,105
Party and events
15,434
24,914
Room hire
3,015
9,088
59,267
77,763
9
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
3,894
3,780
Depreciation of owned tangible fixed assets
8,605
9,561
Operating lease charges
2,937
3,273
10
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

 

Mr. I Smith, a trustee, received management and consultancy fees of £15,400 during the year. (2023: £25,000).

TUNZA'S PRIDE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
11
Employees
2024
2023
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
12
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13
Tangible fixed assets
Leasehold improvements
Equipment
Garden project
Total
£
£
£
£
Cost
At 1 April 2023
105,518
15,147
19,614
140,279
Additions
-
-
618
618
At 31 March 2024
105,518
15,147
20,232
140,897
Depreciation and impairment
At 1 April 2023
47,484
13,197
6,348
67,029
Depreciation charged in the year
5,276
1,368
1,961
8,605
At 31 March 2024
52,760
14,565
8,309
75,634
Carrying amount
At 31 March 2024
52,758
582
11,923
65,263
At 31 March 2023
58,034
1,950
13,266
73,250
14
Loans and overdrafts
2024
2023
£
£
Bank loans
29,761
34,287
Payable within one year
4,500
4,550
Payable after one year
25,261
29,737
TUNZA'S PRIDE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -
15
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Bank loans
14
4,500
4,550
Other creditors
35,488
33,824
39,988
38,374
16
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans
14
25,261
29,737
17
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
Garden project
4,000
3,000
(500)
6,500
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
Garden project
4,500
-
(500)
4,000
18
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
General funds
6,114
99,199
(106,278)
(965)
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
General funds
44,776
104,748
(143,410)
6,114
TUNZA'S PRIDE LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
19
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
61,763
3,500
65,263
Current assets/(liabilities)
(37,467)
3,000
(34,467)
Long term liabilities
(25,261)
-
(25,261)
(965)
6,500
5,535
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 March 2023:
Tangible assets
69,250
4,000
73,250
Current assets/(liabilities)
(33,399)
-
(33,399)
Long term liabilities
(29,737)
-
(29,737)
6,114
4,000
10,114
20
Operating lease commitments
Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:

2024
2023
£
£
Within one year
2,937
3,273
21
Related party transactions
Transactions with related parties

During the year the charity entered into the following transactions with related parties:

 

The charity has been charged consultancy management fees of £15,400, (2023: £25,000) by Alibel, a business run by Mr. I Smith, a trustee. At the year end there are accrued Alibel fees of £22,867, (2023: £22,867).

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