REGISTERED COMPANY NUMBER: 04573384 (England and Wales)

REGISTERED CHARITY NUMBER: 1097390

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

THE OLD SCHOOLHOUSE COMMUNITY PROJECT

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

12

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2025.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity are:

a) to advance education and provide a facility for social welfare, recreation and other leisure-time occupations to improve the living conditions for the residents of St Gabriel's ward and surrounding districts, without distinction by sex, sexual orientation, race, political, religious or other opinions.

b) to secure the establishment of a community centre, whether alone or in co-operation with the local authority or other body in furtherance of these objects.

The charity shall not be partisan or sectarian.

Objectives, strategies and activities

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

Public benefit

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

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04573384 (England and Wales)

Registered Charity number

1097390

Registered office

The Old Schoolhouse

Saint Johns Road

Huyton

Merseyside

L36 0UX

Trustees

Ms Honora Ambrose

Mr Bryan Blois

Mr Stephen Anthony Carroll

Sister Mary Kelly

Mr Mark Sweeney

Company Secretary

Mr Karl James Hart

Independent Examiner

Butterworth Barlow

Chartered Accountants

Butterworth Barlow House

10 Derby Street

Prescot

Liverpool

Merseyside

L34 3LG

Approved by order of the board of trustees on 4 September 2025 and signed on its behalf by:

Sister Mary Kelly - Trustee

Independent examiner's report to the trustees of The Old Schoolhouse Community Project ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

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

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

Independent examiner's statement

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

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

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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

Butterworth Barlow

The Institute of Chartered Accountants in England and Wales

Butterworth Barlow

Liverpool

4 September 2025

31.3.25

31.3.24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

156,525

151,667

Charitable activities

Other

75,735

101,926

Other trading activities

2

21,495

20,491

Investment income

3

3,054

1,798

Total

256,809

275,882

EXPENDITURE ON

Charitable activities

Other

239,625

215,312

NET INCOME

17,184

60,570

RECONCILIATION OF FUNDS

Total funds brought forward

342,224

281,654

TOTAL FUNDS CARRIED FORWARD

359,408

342,224

31.3.25

31.3.24

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

8

30,905

16,967

CURRENT ASSETS

Debtors

9

2,846

7,479

Cash at bank and in hand

335,318

356,231

338,164

363,710

CREDITORS

Amounts falling due within one year

10

(9,661

)

(38,453

)

NET CURRENT ASSETS

328,503

325,257

TOTAL ASSETS LESS CURRENT LIABILITIES

359,408

342,224

NET ASSETS

359,408

342,224

FUNDS

11

Unrestricted funds

359,408

342,224

TOTAL FUNDS

359,408

342,224

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 4 September 2025 and were signed on its behalf by:

Sister Mary Kelly - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Income

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

Expenditure

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

Tangible fixed assets

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

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Taxation

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

Fund accounting

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

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

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

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	OTHER TRADING ACTIVITIES

31.3.25

31.3.24

£

£

Catering

21,495

20,491

3.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Interest on cash deposits

3,054

1,798

4.	NET INCOME/(EXPENDITURE)

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

31.3.25

31.3.24

£

£

Depreciation - owned assets

3,562

1,805

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

6.	STAFF COSTS

31.3.25

31.3.24

£

£

Wages and salaries

135,512

117,589

Social security costs

6,906

5,376

Other pension costs

2,686

2,411

145,104

125,376

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

31.3.25

31.3.24

Number of employees

6

5

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

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

151,667

Charitable activities

Other

101,926

Other trading activities

20,491

Investment income

1,798

Total

275,882

EXPENDITURE ON

Charitable activities

Other

215,312

NET INCOME

60,570

RECONCILIATION OF FUNDS

Total funds brought forward

281,654

TOTAL FUNDS CARRIED FORWARD

342,224

8.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

45,114

-

-

45,114

Additions

-

2,192

15,308

17,500

At 31 March 2025

45,114

2,192

15,308

62,614

DEPRECIATION

At 1 April 2024

28,147

-

-

28,147

Charge for year

1,804

143

1,615

3,562

At 31 March 2025

29,951

143

1,615

31,709

NET BOOK VALUE

At 31 March 2025

15,163

2,049

13,693

30,905

At 31 March 2024

16,967

-

-

16,967

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,846

7,479

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

2,325

2,696

Social security and other taxes

3,724

3,074

Accruals and deferred income

3,612

32,683

9,661

38,453

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

342,224

17,184

359,408

TOTAL FUNDS

342,224

17,184

359,408

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

256,809

(239,625

)

17,184

TOTAL FUNDS

256,809

(239,625

)

17,184

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

281,654

60,570

342,224

TOTAL FUNDS

281,654

60,570

342,224

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

275,882

(215,312

)

60,570

TOTAL FUNDS

275,882

(215,312

)

60,570

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

Net

movement

At

At 1.4.23

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

281,654

77,754

359,408

TOTAL FUNDS

281,654

77,754

359,408

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

532,691

(454,937

)

77,754

TOTAL FUNDS

532,691

(454,937

)

77,754

12.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.