Charity registration number 1125710
Company registration number 05036178 (England and Wales)
TIBER COMMUNITY BUILDING
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
TIBER COMMUNITY BUILDING
CONTENTS
Page
Legal and administrative information
1
Trustees' report
2 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7
Notes to the financial statements
8 - 16
TIBER COMMUNITY BUILDING
LEGAL AND ADMINISTRATIVE INFORMATION
- 1 -
Trustees
Mr B J Dawe
S Kamal
Miss G Limani
Mr C Norman
C O P Smith
Secretary
Ms D J Wright
Charity number
1125710
Company number
05036178
Registered office
Tiber Street Site
Lodge Lane
Liverpool
L8 0TP
Independent examiner
James Hargreaves FCA
Cholmondeley House
Dee Hills Park
Chester
Cheshire
CH3 5AR
TIBER COMMUNITY BUILDING
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 2 -

The trustees present their annual report and financial statements for the year ended 29 February 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 charity aims to support the social and economic regeneration of its local area, providing a platform through which the community's young people have a voice and are encouraged to set and achieve goals; that improve their own life chances and promotes the development of sports, arts and community facilities on the old Tiber St School site.

 

The motivation for Tiber's work throughout the year has been to ensure that the local community and in particular its young people are equipped to play a key role in the decision making processes that will effect a positive change within their neighbourhood's built environment. To this end the charity has worked closely with The Greenhouse Multi-cultural Play and Arts Project to deliver programmes of work, which have given local young people opportunities to gain experience and hone their entrepreneurial and leadership skills whilst delivering services, activities and events on the Tiber Site for benefit of the local community.

 

The charity has been funded throughout this year by grant applications and income generated from Tiber Enterprise facilities. Tiber enlisted the support of volunteers and worked with a number of other agencies and organisations to involve young people in both local regeneration and creative learning opportunities.

 

Public benefit

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

TIBER COMMUNITY BUILDING
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 3 -
Achievements and performance
Significant activities and achievements against objectives

In March 2023 we completed pre-development work with Architects, Structural Engineers and Mechanical and Electrical Engineers who produced detailed plans for the completion of what had originally been intended as changing facilities for Tiber Football Centre, but interrupted by Covid 19 now held a new purpose. The plans that the professionals produced enabled a further application for funds to develop the building over two storeys so that it would not just provide football changing rooms but also; fully accessible youth facilities, a large community function space, outdoor performance area/basketball court and car parking. This project was the idea of local young people, whose ambition it is to ‘build world class facilities that raise aspirations; encourage and support young people in achieving their goals and getting the best out of life’.

Our process of working with The Greenhouse Project for recruiting, employing and training young people has continued and in turn has been instrumental in creating a pathway for participants to join the Tiber Young People’s Steering Group. In June the YPSG group took part in a session where they explored the issues that they face as young people in the transition to becoming young adults. They identified key areas including mental health, life skills, employability, arts and sports and expressed the need for Tiber to provide facilities where these activities could take place in a way that helped break down barriers and support them and other young people in their journeys to adulthood.

The building layout confirms that the young people’s expressed needs have been applied; The ground floor will consist of 3 education/training rooms, cafe and kitchen, 2 team changing rooms with showers and toilets, 1 individual changing room, disabled toilet, storage areas, boot room, toilets, office and reception. The upper floor, with stair and lift access, will provide a large multi-purpose function room, a small stage, servery, office and disabled toilet and male and female toilets, with viewing terraces on both the pitch side and performance side of the building. Car parking will allow for 32 spaces, 3 of which will be accessible bays, a coach turning / parking area is also included in the scheme. In July our application to the Youth Investment Fund for a grant just short of £2,976,000 to construct the new facilities was successful and our YPSG worked with local Videographer and former Chair of Tiber to produce a film, which shared on social media platforms, their plans for Tiber’s new youth facilities.

In October 2023 KrolCorlett were appointed as the main contractor and in December they began clearing the site in in preparation for work to start. In February 2024 the YPSG finished their 2nd Video, which shared the news of our successful Youth Investment Fund bid, plans for the new building and further information relating to Tiber’s overall Masterplan.

Financial review
Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

The organisation is a charitable company, limited by guarantee, incorporated 4 February 2004 and registered as a charity on 3 September 2008. The company was established under the Memorandum of Association which established the objects and powers of the charitable company, and is governed under its Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr B J Dawe
S Kamal
Miss G Limani
Mr C Norman
C O P Smith
TIBER COMMUNITY BUILDING
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 4 -
Recruitment and appointment of trustees

The directors of the company are also charity trustees for the purposes of charity law.

 

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.

 

Trustees of the charity are appointed by invitation from or application to the existing Board of Trustees. No other person or body is entitled to appoint a trustee.

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

Ms D J Wright
C O P Smith
Trustee
Trustee
27 February 2025
TIBER COMMUNITY BUILDING
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF TIBER COMMUNITY BUILDING
- 5 -

I report to the trustees on my examination of the financial statements of Tiber Community Building (the charity) for the year ended 29 February 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 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

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 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 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 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 financial statements to be reached.

James Hargreaves FCA
Cholmondeley House
Dee Hills Park
Chester
Cheshire
CH3 5AR
Dated: 27 February 2025
TIBER COMMUNITY BUILDING
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 6 -
Restricted
Restricted
funds
funds
2024
2023
Notes
£
£
Income from:
Donations and legacies
3
370,711
135,048
Charitable activities
4
11,100
4,663
Total income
381,811
139,711
Expenditure on:
Charitable activities
5
181,547
52,715
Total expenditure
181,547
52,715
Net income
200,264
86,996
Other recognised gains and losses:
Revaluation of tangible fixed assets
-
225,000
Net movement in funds
7
200,264
311,996
Reconciliation of funds:
Fund balances at 1 March 2023
304,113
(7,883)
Fund balances at 29 February 2024
504,377
304,113

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

TIBER COMMUNITY BUILDING
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 7 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
11
495,882
257,782
Current assets
Debtors
12
53,605
14,306
Cash at bank and in hand
22
44,662
53,627
58,968
Creditors: amounts falling due within one year
14
(45,132)
(12,637)
Net current assets
8,495
46,331
Total assets less current liabilities
504,377
304,113
Net assets excluding pension liability
504,377
304,113
The funds of the charity
Restricted income funds
16
504,377
304,113
504,377
304,113

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 29 February 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 27 February 2025
C O P Smith
Trustee
Company registration number 05036178 (England and Wales)
TIBER COMMUNITY BUILDING
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 8 -
1
Accounting policies
Charity information

Tiber Community Building is a public benefit entity and a private company limited by guarantee incorporated in England and Wales. The registered office is Tiber Street Site, Lodge Lane, Liverpool, L8 0TP.

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” (“FRS 102”) 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)" (effective 1 January 2019). 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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
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.

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.
TIBER COMMUNITY BUILDING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
1
Accounting policies
(Continued)
- 9 -
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.

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:

Freehold land and buildings
No depreciation
Plant and equipment
15% straight line
Fixtures and fittings
10% straight line

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.

1.7
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).

1.8
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.

1.9
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.

TIBER COMMUNITY BUILDING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
1
Accounting policies
(Continued)
- 10 -
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.

1.10
Employee benefits

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

1.11
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.

TIBER COMMUNITY BUILDING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 11 -
3
Income from donations and legacies
Restricted
Restricted
funds
funds
2024
2023
£
£
Donations and gifts
21,275
-

Grants receivable

349,436
135,048
370,711
135,048
Donations and gifts
Donations
21,275
-
21,275
-
Grants receivable for core activities
LFC Foundation
-
38,905
Youth Investment Fund
338,936
65,657
LCVS
-
7,456
Police & Crime Commission
-
3,000
LCC
3,000
6,000
Community Foundation
7,500
4,030
PCT
-
10,000
349,436
135,048
4
Income from charitable activities
Restricted
Restricted
funds
funds
2024
2023
£
£
Charitable activities

Other income

11,100
4,663
TIBER COMMUNITY BUILDING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 12 -
5
Expenditure on charitable activities
Restricted funds
Restricted funds
2024
2023
£
£
Direct costs
Staff costs
26,488
3,300
Depreciation and impairment
3,810
5,714

Project resources

8,194
7,102

Rent

1,160
-

Light and heat

40,342
2,953

Repairs and maintenance

1,595
76

Legal and professional fees

93,652
24,868

Website costs

1,500
6,260

Insurance

2,115
3,331

Other office costs

88
(251)
178,944
53,353
Share of support and governance costs (see note 6)
Governance
2,603
(638)
181,547
52,715
Analysis by fund
Restricted funds
181,547
52,715
6
Support costs allocated to activities
2024
2023
£
£
Governance costs
2,603
(638)
Analysed between:
Restricted funds
2,603
(638)
2024
2023
Governance costs comprise:
£
£
Accountancy
340
11
Independent examination fees
2,263
(649)
2,603
(638)
TIBER COMMUNITY BUILDING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 13 -
7
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
3,810
5,714
8
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
3
-
0
Employment costs
2024
2023
£
£
Wages and salaries
24,197
3,300
Social security costs
2,150
-
Other pension costs
141
-
26,488
3,300
There were no employees whose annual remuneration was more than £60,000.
10
Taxation

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

TIBER COMMUNITY BUILDING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 14 -
11
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 March 2023
225,401
57,183
4,695
287,279
Additions
241,911
-
-
241,911
At 29 February 2024
467,312
57,183
4,695
529,190
Depreciation and impairment
At 1 March 2023
-
24,803
4,695
29,498
Depreciation charged in the year
-
3,810
-
3,810
At 29 February 2024
-
28,613
4,695
33,308
Carrying amount
At 29 February 2024
467,312
28,570
-
495,882
At 28 February 2023
225,401
32,381
-
257,782
12
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
53,048
13,521
Prepayments and accrued income
557
785
53,605
14,306
13
Loans and overdrafts
2024
2023
£
£
Bank overdrafts
31,800
-
Payable within one year
31,800
-
14
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Bank overdrafts
13
31,800
-
Trade creditors
11,757
11,757
Accruals and deferred income
1,575
880
45,132
12,637
TIBER COMMUNITY BUILDING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 15 -
15
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
141
-

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.

16
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 March 2023
Incoming resources
Resources expended
Gains and losses
At 29 February 2024
£
£
£
£
£
General fund
79,113
381,811
(181,547)
-
279,377
Revaluation reserve
225,000
-
-
-
225,000
304,113
381,811
(181,547)
-
504,377
Previous year:
At 1 March 2022
Incoming resources
Resources expended
Gains and losses
At 28 February 2023
£
£
£
£
£
General fund
(7,883)
139,711
(52,715)
-
79,113
Revaluation reserve
-
-
-
225,000
225,000
(7,883)
139,711
(52,715)
225,000
304,113
17
Analysis of net assets between funds
Restricted
funds
2024
£
At 29 February 2024:
Tangible assets
495,882
Current assets/(liabilities)
8,495
504,377
TIBER COMMUNITY BUILDING
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
17
Analysis of net assets between funds
(Continued)
- 16 -
Restricted
funds
2023
£
At 28 February 2023:
Tangible assets
257,782
Current assets/(liabilities)
46,331
304,113
18
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

19
Limited by guarantee

Tiber Community Building is a company limited by guarantee and accordingly does not have a share capital.

 

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after she ceases to be a member.

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