Charity registration number 1117333 (England and Wales)
Company registration number 05844145
WIRRAL CHANGE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
WIRRAL CHANGE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms S Henry
Mr M J Gabriel
Ms D Gould
Ms G M Lindfield
Ms L McDougall
Mr L Neagu
Secretary
Mr C Agard
Senior management
Mr C Agard
Chief executive officer
Mrs S Ahmed
Deputy chief executive officer
Mrs Y Liu
General manager
Mr E To
Finance manager
Charity number (England and Wales)
1117333
Company number
05844145
Registered office
St Laurence's School
12-14 St Laurence Drive
Birkenhead
Merseyside
CH41 3JD
Auditor
Xeinadin Audit Limited
46 Hamilton Square
Birkenhead
Wirral
Merseyside
CH41 5AR
Bankers
Unity Trust Bank plc
Four Brindley Place
Birmingham
B1 2JB
WIRRAL CHANGE LIMITED
CONTENTS
Page
Trustees' report
1 - 4
Statement of trustees' responsibilities
5
Independent auditor's report
6 - 8
Statement of financial activities
9
Balance sheet
10
Notes to the financial statements
11 - 27
WIRRAL CHANGE LIMITED
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, 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)".

Objectives and activities

The principle aims and objectives of the charity are:

 

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

Polish Folk Fiesta

In May 2023, the Polish folk group performed a captivating display of traditional music and dance. Their vibrant performance celebrated Polish culture, bringing the community together through lively rhythms and colorful costumes.

 

Ukrainian mural unveiling in New Brighton

Celebrating Ukraine's rich history, its people's strength and their journey toward freedom.

 

Improved hydration engagement session for WCA

A dynamic and interactive session focused on the importance of hydration, offering practical tips, insights, and engaging activities to encourage healthy drinking habits within the community.

 

Celebrate carers week

Honoring and supporting the invaluable contributions of carers in our community. One highlight was a visit to the World Museum in Liverpool, offering a day of connection, exploration, and appreciation.

 

HAF

Wirral Change organised free holiday programmes during Easter and Summer for children aged 5-16, eligible for free school meals benefits. This year kids from diverse backgrounds received quality activities and meals thanks to this initiative.

WIRRAL CHANGE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

Latin American Halloween Party

A lively celebration filled with vibrant costumes, music, and festive traditions. It brought together the community to enjoy a unique fusion of Latin American culture and Halloween fun.

 

Chinese mid-autumn festival event

This festival celebrated Chinese autumn traditions and the importance of family reunions. Also known as the Mooncake Festival, it is a time for coming together and enjoying shared cultural heritage.

 

The Romanian Christmas Party & National Celebration Day

Bringing together the community to enjoy festive traditions, cultural performances, and commemorate Romania's national heritage.

 

Women's Day

Bringing together women from diverse national groups for a vibrant celebration of unity and strength. This festival showcased the rich cultural contributions of women from around the world, fostering connection and solidarity.

Financial review

In reviewing the overall financial standing of the charity there was a net decrease during the year in net assets of £17.706. This resulted from a surplus of £24,083 on General Fund (2023 – Surplus £224,480) and a deficit of £41,789 on restricted funds (2023 – deficit £164,095).

Going concern

After making appropriate enquiries, the Board of Trustees has a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Statement of Accounting Policies.

Reserves policy

The Trustees have a set reserves policy which requires that reserves be maintained at a level which ensures that the charity’s core activity could continue during a period of unforeseen difficulties and that a proportion of reserves be maintained in readily available form. Wirral Change does not intentionally carry a surplus of reserved funds as grants are allocated per financial year and are usually must be spent within that financial year.

The charities unrestricted free reserves at 31 March 2024 were £618,663 (2023: £595,769).

Major risks

The main risks, to which the charity is exposed, as identified by the Trustees, have been considered and systems have been established to mitigate those risks.

 

Potential risks identified by the Trustees to the constitution of the Association’s activities are:

 

1. Loss of funding stream

2. Lack of community involvement and take-up

3. Loss of access to adequate levels and/or experienced staff

The Trustees have sought to minimise these risks in the following ways:

 

WIRRAL CHANGE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
Structure, governance and management

The organisation which is a registered charity limited by guarantee was incorporated March 2005. The governing document is the company’s memorandum and articles of association. Anyone over the age of 18 can become a member. It is managed by a Management Board of trustees. Executive committee meetings are held monthly and agenda items include finance, health & safety and staff reports.

The Trustees, who are also directors for the purpose of company law, present their annual report and financial statements for the year ended 31 March 2023. At the AGM the Trustees will approve the retirement of existing Directors and or the recruitment of new Trustees in accordance with the Articles of Association under general meetings page 7 section 2.8 items (3) and (4).

 

The Trustees who served during the year and up to the date of signature were:

 

Ms S Henry
Mr M J Gabriel
Ms D Gould
Ms G M Lindfield
Ms L McDougall
Mr L Neagu
S Ahmed
(Resigned 11 November 2024)
A Choi Ha Jou
(Resigned 25 January 2024)
Recruitment and appointment of trustees

Trustees are appointed on the basis of their ability to bring to the Management Board a range of skills to assist in the governance and development of the Charity. Before appointment they are guided by the project co-ordinator through a comprehensive induction procedure designed to give them a complete understanding of the aims and aspirations of the Charity. In addition, Charity Commission literature is given to all Trustees on an on-going basis in order to assist them to understand their legal responsibilities.

Organisational structure

Wirral Change Limited has a Management Board who meets at least 4 times per year and is responsible for the strategic direction and policy of the Charity. There are three staff Management team members who individually line manage the outreach team.

Other matters

When planning and programming activities for the local residents of Birkenhead and the surrounding areas; the Trustees of Wirral Change are mindful of the Charity Commissions guidelines on Public Benefit.

Auditor

In accordance with the company's articles, a resolution proposing that Xeinadin Audit Limited be reappointed as auditor of the company will be put at a General Meeting.

WIRRAL CHANGE LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

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

Mr M J Gabriel
Trustee
31 January 2025
WIRRAL CHANGE LIMITED
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -

The trustees, who are also the directors of Wirral Change Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

WIRRAL CHANGE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF WIRRAL CHANGE LIMITED
- 6 -

Opinion

We have audited the financial statements of Wirral Change Limited (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

-

the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and

-

the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

WIRRAL CHANGE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WIRRAL CHANGE LIMITED
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of trustees' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit; or

-

the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including

fraud and non-compliance with laws and regulations, was as follows:

 

WIRRAL CHANGE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WIRRAL CHANGE LIMITED
- 8 -

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

 

 

To address the risk of fraud through management bias and override of controls, we:

 

 

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

 

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

 

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

 

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Helen Furlong FCCA (Senior Statutory Auditor)
For and on behalf of Xeinadin Audit Limited, Statutory Auditor
Chartered Accountants
46 Hamilton Square
Birkenhead
Wirral
Merseyside
CH41 5AR
31 January 2025
WIRRAL CHANGE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
Restated
Restated
Restated
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
35,400
-
35,400
34,501
-
34,501
Charitable activities
4
52,640
922,854
975,494
31,452
915,380
946,832
Other trading activities
5
40,803
-
40,803
35,246
240
35,486
Investments
6
5,017
-
5,017
1,941
-
1,941
Total income
133,860
922,854
1,056,714
103,140
915,620
1,018,760
Expenditure on:
Charitable activities
7
109,777
964,643
1,074,420
30,003
928,372
958,375
Total expenditure
109,777
964,643
1,074,420
30,003
928,372
958,375
Net income/(expenditure)
24,083
(41,789)
(17,706)
73,137
(12,752)
60,385
Transfers between funds
-
-
-
151,343
(151,343)
-
Net movement in funds
9
24,083
(41,789)
(17,706)
224,480
(164,095)
60,385
Reconciliation of funds:
Fund balances at 1 April 2023
664,298
117,061
781,359
439,818
281,156
720,974
Fund balances at 31 March 2024
688,381
75,272
763,653
664,298
117,061
781,359

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

WIRRAL CHANGE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 10 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
13
69,718
68,529
Current assets
Debtors
14
92,920
51,369
Cash at bank and in hand
638,943
682,253
731,863
733,622
Creditors: amounts falling due within one year
16
(37,928)
(20,792)
Net current assets
693,935
712,830
Total assets less current liabilities
763,653
781,359
The funds of the charity
Restricted income funds
18
75,272
117,061
Unrestricted funds
19
688,381
664,298
763,653
781,359
The financial statements were approved by the trustees on 31 January 2025
Mr M J Gabriel
Trustee
Company registration number 05844145 (England and Wales)
WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
1
Accounting policies
Charity information

Wirral Change Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is St Laurence's School, 12-14 St Laurence Drive, Birkenhead, Merseyside, CH41 3JD.

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 £.

1.2
Prior period adjustment

The charity applies FRS 102, Section 10 (Accounting Policies, Estimates, and Errors) and Charity SORP (FRS 102), paragraphs 3.48–3.52, when correcting material errors in prior financial statements. Where a prior period adjustment is necessary, comparative figures are restated, and a corresponding disclosure is provided explaining the nature and financial impact of the adjustment.

 

During the current financial year, a review identified that a peppercorn rent arrangement had not been accounted for in prior years. To comply with the relevant accounting standards, a prior period adjustment was made to reflect the fair value of the donated rent. This adjustment resulted in the recognition of additional income under "Donated Facilities" and a corresponding increase in rental expenditure.

 

This policy ensures that the financial statements accurately represent the charity’s resources and obligations, enhancing transparency and compliance with financial reporting standards.

1.3
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.

1.4
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.

1.5
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.

WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 12 -
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

The charity recognises the fair value of donated use of facilities and services in accordance with FRS 102 and section 6 of the Charity SORP (FRS 102). Where a charity benefits from the use of premises under a peppercorn rent arrangement, the market value of the rent is recognised as both income and expenditure in the Statement of Financial Activities (SOFA).

 

The fair value of donated facilities is determined based on market rates for equivalent premises in a similar location. The recognition of this donated benefit ensures that the financial statements provide a true and fair view of the charity’s operations.

Income from charitable activities includes income received under contract or where entitlement to the grant funding is subject to performance conditions. Income is recognised in the Statement of Financial Activities when the related services have been provided,

1.6
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.

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.

Governance costs represent costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

1.7
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:

Fixtures and fittings
15% on cost
Computers
15% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 13 -

All equipment, fixtures and fittings with an original cost of less than £800, are written off in the year which the expenditure was incurred on the basis that due to the company's activities, there is no expectation that the cost will be recovered by way of future revenues.

1.8
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 14 -
1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
5,400
4,501
Donated use of facilities
30,000
30,000
35,400
34,501
4
Income from charitable activities
Charitable activities
Charitable activities
2024
2023
£
£
Performance related grants
975,494
946,832
Analysis by fund
Unrestricted funds
52,640
31,452
Restricted funds
922,854
915,380
975,494
946,832
WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
4
Income from charitable activities
(Continued)
- 15 -
Performance related grants analysis
Charitable activities
Charitable activities
2024
2023
£
£
Ask Us Wirral
33,488
33,488
Big Lottery Jubilee Event
-
9,980
Big Lottery Community Hub
89,661
90,760
BME Health Intervention WBC
26,125
26,125
BME Health Improvements WBC
31,661
28,226
BAME Community Support WBC
224,672
175,000
Carers Wellbeing Wired
20,300
12,180
CAF Charities Aid Resilience
-
26,087
EU Settlement Scheme
15,613
43,616
NHS Wirral
53,415
53,415
Edsential HAF Holiday Activity
11,230
8,120
Lloyds Bank Welcome to Wirral
-
24,995
Involve North West Reachout
183,262
222,973
Henry Smith Strengthening Communities
60,000
60,000
WBC ILM Ways to Work
44,201
30,665
Other
52,640
15,527
Wirral Council
-
46,675
Community Foundation Lancashire
-
10,000
Lloyds Bank
-
2,250
One Wirral CIC
-
26,750
Bridging the Gap
10,486
-
Sport England Tackling Inequalities
10,000
-
Digital Inclusion
2,650
-
HelpOut Wellbeing Support
43,592
-
Multiply Project
19,498
-
Wirral Household Support
43,000
-
-
-
975,494
946,832
WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
5
Income from other trading activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Courses & fundraising
604
-
604
3,213
-
3,213
Room Hire
38,104
-
38,104
29,528
-
29,528
Translation Fee
2,095
-
2,095
2,505
240
2,745
Other trading activities
40,803
-
40,803
35,246
240
35,486
6
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
5,017
1,941
WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 17 -
7
Expenditure on charitable activities
Charitable activities
Charitable activities
2024
2023
£
£
Staff costs
758,211
665,996
Depreciation and impairment
14,926
10,730
Advertising
283
405
Bank charges
351
328
Cleaning
14,517
17,500
Donations to Livingstone St
12,032
8,988
Events & activities
19,311
31,056
Food parcels
34,521
27,599
Insurance
5,575
5,142
Office expenses
26,701
19,605
Professional fees
9,763
10,470
Refreshments
2,447
6,744
Rent & Rates
81,901
74,550
Repairs & Maintenance
7,482
8,478
Stationery & printing
8,029
5,416
Telephones
16,248
14,247
Training
16,943
6,786
Travel
7,729
8,432
Utilities
-
719
Volunteer expenses
6,983
6,311
Vouchers
11,168
18,160
Waste Disposal
5,805
5,817
Other Costs
5,494
3,095
1,066,420
956,574
Share of support and governance costs (see note 8)
Governance
8,000
1,800
1,074,420
958,374
Analysis by fund
Unrestricted funds
109,777
30,003
Restricted funds
964,643
928,372
1,074,420
958,375
WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 18 -
8
Support costs allocated to activities
2024
2023
£
£
Governance costs
8,000
1,800
Analysed between:
Charitable activities
8,000
1,800
9
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
5,100
-
Depreciation of owned tangible fixed assets
14,926
10,730
10
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
11
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Clerical & management
3
3
Caseworkers
31
27
Total
34
30
Employment costs
2024
2023
£
£
Wages and salaries
696,057
607,657
Social security costs
49,820
47,655
Other pension costs
12,334
10,684
758,211
665,996
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

Key management personnel are deemed to be members of the senior management team, which consists of the Chief Executive, Deputy Chief Executive, General Manager and Finance Manager. Aggregate remuneration for the year, including employers national insurance and pension contributions, was £174,854.

WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 19 -
12
Taxation

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

13
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2023
45,845
42,787
88,632
Additions
11,217
4,898
16,115
At 31 March 2024
57,062
47,685
104,747
Depreciation and impairment
At 1 April 2023
9,931
10,172
20,103
Depreciation charged in the year
7,978
6,948
14,926
At 31 March 2024
17,909
17,120
35,029
Carrying amount
At 31 March 2024
39,153
30,565
69,718
At 31 March 2023
35,914
32,615
68,529
14
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
92,920
51,369
15
Loans and overdrafts
2024
2023
£
£
Bank loans
-
53
Payable within one year
-
53
WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 20 -
16
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Bank loans
15
-
53
Other taxation and social security
12,053
11,844
Trade creditors
14,733
2,577
Other creditors
2,742
4,118
Accruals and deferred income
8,400
2,200
37,928
20,792
17
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
12,334
10,684

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 21 -
18
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
Transfers
At 31 March 2024
£
£
£
£
£
Ask Us Wirral
-
33,488
(33,488)
-
-
BAME Community Support
45,631
224,672
(270,303)
-
-
BME Health Improvements
7,879
31,661
(39,540)
-
-
BME Health Interventions
-
26,125
(26,125)
-
-
Bridging the Gap
-
10,487
(10,487)
-
-
Carers Welbeing
9,507
20,300
(20,438)
-
9,369
Community Hub Project
-
89,661
(89,661)
-
-
NHS Wirral CCG-CDW Project
50,404
53,414
(51,672)
-
52,146
Digital Inclusion
-
2,650
(2,650)
-
-
HelpOut Welbeing Support
-
43,592
(43,592)
-
-
Holiday Activity Fund (HAF)
4,082
11,230
(14,126)
-
1,186
EU Settlement Scheme
(9,413)
15,613
(6,200)
-
-
ILM Ways to Work
-
44,201
(41,742)
-
2,459
Involve North West Reachout
-
183,262
(183,262)
-
-
Multiply Project
-
19,498
(19,498)
-
-
Strenthening Communities
6,595
60,000
(56,483)
-
10,112
Lloyds Bank Welcome to Wirral
2,376
-
(2,376)
-
-
Wirral Household Support Fund
-
43,000
(43,000)
-
-
Sport England Tackling Inequalities
-
10,000
(10,000)
-
-
117,061
922,854
(964,643)
-
75,272
WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18
Restricted funds
(Continued)
- 22 -
Previous year:
At 1 April 2022
Incoming resources
Resources expended
Transfers
At 31 March 2023
£
£
£
£
£
Ask Us Wirral
-
33,488
(33,488)
-
-
BAME Community Support
48,943
175,240
(178,552)
-
45,631
BME Health Improvements
10,196
28,226
(30,543)
-
7,879
BME Health Interventions
125,218
26,125
-
(151,343)
-
Bridging the Gap
-
14,400
(14,400)
-
-
CAF Resilience
44,151
26,087
(70,238)
-
-
Carers Welbeing
9,748
12,180
(12,421)
-
9,507
Community Hub Project
-
90,760
(90,760)
-
-
NHS Wirral CCG-CDW Project
50,219
53,415
(53,230)
-
50,404
Digital Inclusion
-
12,350
(12,350)
-
-
HelpOut Welbeing Support
-
38,864
(38,864)
-
-
Holiday Activity Fund (HAF)
-
8,120
(4,038)
-
4,082
EU Settlement Scheme
(11,690)
43,616
(41,339)
-
(9,413)
ILM Ways to Work
(3,296)
30,665
(27,369)
-
-
Involve North West Reachout
-
184,109
(184,109)
-
-
Big Lottery Jubilee Event
-
9,980
(9,980)
-
-
Strenthening Communities
5,624
60,000
(59,029)
-
6,595
Lloyds Bank Welcome to Wirral
2,043
24,995
(24,662)
-
2,376
Wirral Household Support Fund
-
43,000
(43,000)
-
-
281,156
915,620
(928,372)
(151,343)
117,061
WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18
Restricted funds
(Continued)
- 23 -

Ask Us Wirral

An information, advice and guidance project on partnership with Age UK and CAB to ensure people from BAMER communities have support and help when they need it.

 

BAME Community Support

A project to promote the health inequalities faced by BAME Communities in regards to Covid-19, offering outreach support as well as advisory health & wellbeing provision.

 

BME Health Improvement

Raises awareness, removes barriers and supports Wirral BME Communities to make positive lifestyle changes through events.

 

BME Health Interventions

Raises awareness, removes barriers and supports Wirral BME Communities to make positive lifestyle changes through one to one intervention.

 

Bridging the Gap

In collaboration with One Wirral, this initiative delivers activities tailored for adults from ethnic backgrounds with long

term health conditions. The aim is to support their recovery and mental wellbeing stability, implementing action plans for tangible progress.

 

CAF Resilience

Boistering the leadership and sustainability of the organisation with the support of the funded development team.

 

Carers Wellbeing

WIRED funds the carers project target BAME and disadvantaged carers and provide a weekly carers group to support carers with their mental and physical wellbeing.

 

Community Hub Project

A communal space for diverse cultural events to occur promoting social prescription and inclusion.

 

NHS Wirral CCG CDW Project

A health and emotional wellbeing project, funds running costs & staff.

 

Digital Inclusion

An extension of services targeting seldom-reached community members through improved access to digital mediums. This initiative encourages online opportunities and skills development.

 

UKSPF Digital Connectivity for Local Community Facilities

Upgrading outdated computer devices and enhancing connectivity within our community group activities.

 

Early intervention support of mental health

Providing proactive, tailored support to address mental health challenges early, promoting resilience and well-being before issues escalate.

 

EU Settlement Scheme funded by the Home Office

Providing support to EU nationals in securing their immigration status to continue living and working in the UK post-Brexit.

 

EU Settlement Scheme

A project supporting EEA & Swiss communities funded by Home Office via removing doubt from EU citizens resident in the UK through casework support with applications and surrounding issues.

 

Help Out Wellbeing Supoort

Utilising the Employability Support Fund to remove barriers to employment and support health and wellbeing issues faced by individuals seeking employment.

WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18
Restricted funds
(Continued)
- 24 -

HAF Holiday Activity

To provide Half Term fun activities for children.

 

ILM Ways to Work

The Intermediate Labour Market (ILM) scheme is for helping young people get back in to work from disadvantaged groups such as care leavers and those with disabilities.

 

Multiply Project funded by Workers' Educational Assoc

A numeracy course enhancing employability and daily skills, tailored for Wirral’s seldom-reached ethnic minorities, supporting those outside the labour market and building confidence for UK accreditations.

 

NHS Community Health Checks

Free assessments designed to identify and prevent health risks.

 

Sport England Tackling Inequalities

Delivering diverse activities focused on enhancing physical fitness, mental well-being, and social connections through comprehensive sports and wellness programmes.

 

Involve Northwest Reachout Partnership

An employment project to assist members of the local community gain employment.

 

Strengthening Communities

A project that supports disadvantaged and marginalised groups, particularly those from the BAMER community.

 

Welcome to Wirral

A project to support the health and wellbeing needs of refugees, asylum seekers and resettlement families new to Wirral.

 

Wirral Household Support

Providing support to alleviate financial struggles faced by ethnic minority communities, especially those affected by the increased cost of living and recent poverty concerns. This initiative targets individuals still grappling to recover and reintegrate into normality.

WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 25 -
19
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
Transfers
At 31 March 2024
£
£
£
£
£
General funds
664,298
133,860
(109,777)
-
688,381
Previous year:
At 1 April 2022
Incoming resources
Resources expended
Transfers
At 31 March 2023
£
£
£
£
£
General funds
439,818
103,140
(30,003)
151,343
664,298
20
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
69,718
-
69,718
Current assets/(liabilities)
618,663
75,272
693,935
688,381
75,272
763,653
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 March 2023:
Tangible assets
68,529
-
68,529
Current assets/(liabilities)
595,769
117,061
712,830
664,298
117,061
781,359
WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 26 -
21
Related party transactions
Transactions with related parties

During the year ended 31 March 2024, the charity made a donation of £12,032 (2023: £8,988) to its wholly-owned subsidiary, Livingstone Street Community Centre CIC, a Community Interest Company (CIC). The donation was made from the charity's unrestricted funds and was provided to support the subsidiary's activities that align with the charity's charitable purposes and objectives.

 

The donation was approved by the charity's Board of Trustees, and it has been recorded in the charity's financial statements as part of the expenditure for the year. There is no intention for the donation to result in any financial benefit for individuals connected to the charity, and it is in the best interest of the charity to support the ongoing operations of the subsidiary.

 

The CIC is a related party of the charity, and as such, the donation is considered a related party transaction. The amount of £12,032 has been disclosed in both the charity’s and the subsidiary’s financial statements in accordance with the requirements of the Charities SORP (Statement of Recommended Practice).

 

There were no other related party transactions during the year that require further disclosure, except as noted above.

22
Subsidiaries

Wirral Change Limited is the sole member of Livingstone Street Community Centre CIC, a community interest company (CIC) incorporated in England and Wales. The CIC’s principal activity is to support community-based initiatives in line with the charitable objectives of Wirral Change Limited.

 

The results of Livingstone Street Community Centre CIC have not been consolidated into these financial statements, as the directors have determined that the CIC is not material to the overall financial position of the charity.

 

For the financial year ended 30 April 2024, Livingstone Street Community Centre CIC reported a deficit of £22,333 (2023: surplus £253), with members' funds at the year-end amounting to deficit of £10,288 (2023: surplus £12,249).

 

The trustees will continue to monitor the financial position of the subsidiary and assess its impact on the charity’s financial statements in future reporting periods.

WIRRAL CHANGE LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 27 -
23
Prior period adjustment
Changes to the balance sheet
At 31 March 2023
As previously reported
Adjustment
As restated
£
£
£
Restricted funds
117,061
-
117,061
Unrestricted funds
664,298
-
664,298
Total equity
781,359
-
781,359
Changes to the profit and loss account
Period ended 31 March 2023
As previously reported
Adjustment
As restated
£
£
£
Income from:
Donations and legacies
4,501
30,000
34,501
Expenditure on:
Charitable activities
928,375
30,000
958,375
Net movement in funds
60,385
-
60,385
During the current financial year, a review of the accounting treatment for a long-term peppercorn lease agreement revealed that the market value of the rent had not been recognised in accordance with FRS 102 and the Charity SORP (FRS 102). Under section 6 of the Charities SORP (FRS 102), charities must recognise income and expenditure related to donated use of facilities and at their fair value, where practicable.
It was determined that the fair value of the rent for the premises occupied by Wirral Change Limited was £30,000 per annum, but no corresponding income or expense had been recorded in prior financial statements. To ensure compliance with FRS 102 and the Charity SORP, a prior year adjustment has been made to reflect the market value of the rent as donated income with a corresponding rental expense.
This adjustment has no impact on cash flows or the reserves of the charity, as the recognition of the rent expense and donated income offset each other.
2024-03-312023-04-01falsefalseCCH SoftwareiXBRL Review & Tag 2024.2058441452023-04-012024-03-3105844145bus:Director12023-04-012024-03-3105844145bus:Director22023-04-012024-03-3105844145bus:Director32023-04-012024-03-3105844145bus:Director42023-04-012024-03-3105844145bus:Director52023-04-012024-03-3105844145bus:Director62023-04-012024-03-3105844145bus:CompanySecretary12023-04-012024-03-3105844145bus:Director72023-04-012024-03-3105844145bus:Director82023-04-012024-03-31058441452024-03-31058441452023-03-31058441452022-04-012023-03-3105844145bus:FRS1022023-04-012024-03-3105844145bus:Audited2023-04-012024-03-3105844145bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP