St. Michaels & Lark Lane Community Asso - Charities report

REGISTERED COMPANY NUMBER: 01692937 (England and Wales)

REGISTERED CHARITY NUMBER: 513803

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 January 2025

for

ST. MICHAELS & LARK LANE

COMMUNITY ASSOCIATION

Page

Report of the Trustees

1

Independent Examiner's Report

2

Statement of Financial Activities

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

11

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 January 2024.

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

01692937 (England and Wales)

Registered Charity number

513803

Registered office

The Old Police Station

80 Lark Lane

Liverpool

Merseyside

L17 8UU

Trustees

Mr Alfred Catterall

Mr Alan Albert Moore

Mr John David Peers

Ms Edna Frances Quantrell

Company Secretary

Mr Graham Hale

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 29 September 2025 and signed on its behalf by:

Mr Graham Hale - Secretary

Independent examiner's report to the trustees of St. Michaels & Lark Lane Community Association ('the Company')

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

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

Chartered Accountants

Prescot

L34 3LG

29 September 2025

31.1.25

31.1.24

Unrestricted

Restricted

Total

fund

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

28,790

117,132

145,922

135,790

Other trading activities

2

52,489

13,047

65,536

72,686

Investment income

3

2,125

-

2,125

1,684

Total

83,404

130,179

213,583

210,160

EXPENDITURE ON

Raising funds

1,471

10,328

11,799

11,032

Charitable activities

Governance costs

180

-

180

2,340

Charitable activities

75,075

122,808

197,883

199,346

Other

1,994

200

2,194

2,280

Total

78,720

133,336

212,056

214,998

NET INCOME/(EXPENDITURE)

4,684

(3,157

)

1,527

(4,838

)

RECONCILIATION OF FUNDS

Total funds brought forward

114,064

141,901

255,965

260,803

TOTAL FUNDS CARRIED FORWARD

118,748

138,744

257,492

255,965

31.1.25

31.1.24

Unrestricted

Restricted

Total

fund

funds

Notes

£

FIXED ASSETS

Tangible assets

8

4,413

72,157

76,570

84,443

CURRENT ASSETS

Cash at bank

116,855

66,587

183,442

173,862

CREDITORS

Amounts falling due within one year

9

(2,520

)

-

(2,520

)

(2,340

)

NET CURRENT ASSETS

114,335

66,587

180,922

171,522

TOTAL ASSETS LESS CURRENT LIABILITIES

118,748

138,744

257,492

255,965

NET ASSETS

118,748

138,744

257,492

255,965

FUNDS

10

Unrestricted funds

118,748

114,064

Restricted funds

138,744

141,901

TOTAL FUNDS

257,492

255,965

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 29 September 2025 and were signed on its behalf by:

Mr John David Peers - 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.

Freehold property

-

in accordance with the property

Fixtures and fittings

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2.	OTHER TRADING ACTIVITIES

31.1.25

31.1.24

£

Rental income

52,154

50,890

Other income

13,382

21,796

65,536

72,686

3.	INVESTMENT INCOME

31.1.25

31.1.24

£

Deposit account interest

2,125

1,684

4.	NET INCOME/(EXPENDITURE)

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

31.1.25

31.1.24

£

Depreciation - owned assets

11,799

11,032

Hire of plant and machinery

8,332

8,284

5.	TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

6.	STAFF COSTS

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

31.1.25

31.1.24

Number of employees

6

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

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

34,376

101,414

135,790

Other trading activities

51,044

21,642

72,686

Investment income

1,684

-

1,684

Total

87,104

123,056

210,160

EXPENDITURE ON

Raising funds

541

10,491

11,032

Charitable activities

Governance costs

2,340

-

2,340

Charitable activities

94,327

105,019

199,346

Other

2,135

145

2,280

Total

99,343

115,655

214,998

NET INCOME/(EXPENDITURE)

(12,239

)

7,401

(4,838

)

RECONCILIATION OF FUNDS

Total funds brought forward

126,303

134,500

260,803

TOTAL FUNDS CARRIED FORWARD

114,064

141,901

255,965

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 February 2024

335,928

72,661

408,589

Additions

-

3,926

At 31 January 2025

335,928

76,587

412,515

DEPRECIATION

At 1 February 2024

255,395

68,751

324,146

Charge for year

9,840

1,959

11,799

At 31 January 2025

265,235

70,710

335,945

NET BOOK VALUE

At 31 January 2025

70,693

5,877

76,570

At 31 January 2024

80,533

3,910

84,443

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Accrued expenses

2,520

2,340

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.2.24

in funds

31.1.25

£

Unrestricted funds

General fund

114,064

4,684

118,748

Restricted funds

Restricted fund

141,901

(3,157

)

138,744

TOTAL FUNDS

255,965

1,527

257,492

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

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

83,404

(78,720

)

4,684

Restricted funds

Restricted fund

130,179

(133,336

)

(3,157

)

TOTAL FUNDS

213,583

(212,056

)

1,527

Comparatives for movement in funds

Net

movement

At

At 1.2.23

in funds

31.1.24

£

Unrestricted funds

General fund

126,303

(12,239

)

114,064

Restricted funds

Restricted fund

134,500

7,401

141,901

TOTAL FUNDS

260,803

(4,838

)

255,965

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

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

87,104

(99,343

)

(12,239

)

Restricted funds

Restricted fund

123,056

(115,655

)

7,401

TOTAL FUNDS

210,160

(214,998

)

(4,838

)

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

Net

movement

At

At 1.2.23

in funds

31.1.25

£

Unrestricted funds

General fund

126,303

(7,555

)

118,748

Restricted funds

Restricted fund

134,500

4,244

138,744

TOTAL FUNDS

260,803

(3,311

)

257,492

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

170,508

(178,063

)

(7,555

)

Restricted funds

Restricted fund

253,235

(248,991

)

4,244

TOTAL FUNDS

423,743

(427,054

)

(3,311

)

11.	RELATED PARTY DISCLOSURES

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