2023-03-31-accounts - Werneth And Freehold Community Development Project

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for the year	ended 31March	2023
			Llnrestricted	Restricted
			funds	funds	Total funds	Total funds
			2023	2023	2023	2022
		Notes	E	E	E	E
Income and	endowments
from:
Donations	and legacies
Charitable	acuwties		44,079	287,928	332,007	334,671
Total			44,079	287,928	332,007	334,671
Expenditure	on:
Charitable	activities		49,854	264,666	314,520	282,536
Total			49,854	264,666	314,520	282,536
Net gams on	investments
Net income			(5,775)	23,262	17,487	52,135
Transfers between funds			27,833	(27,833)
Net income gains/(losses)	before other		22,058	(4,571)	17,487	52,135
Other gains	and losses
Net movement in funds			22,058	(4,571)	17,487	52,135
Reconciliation of funds:
Total funds brought forward			119,750	72,206	191,956	139,821
Total funds	carried forward		141,808	67,635	209,443	191,956

	2023	2022
income	332,007	334,671
Gross income for the year	332,007	334,671
Expenditure	314,520	282,536
Total expenditure for the year	314,520	282,536
Net mcome before tax for the year	17,487	52,135
Net income for the year	17,487	52,135

at 31March 202	3	3	3
Company No.	02889356			Notes	2023	2022
Fixed assets
Tangible assets
Current assets
Debtors				10	2,066	9,167
Cash at bank	and		in liand		236,517	205,345
					238,583	214,512
Creditors: Amount		falhr g due within one year			j29,142)	(22,557)
Net current assets					209,441	191,955
Total assets less	current liabilities				209,443	191,956
Net assets excluding			pension asset or liability		209,443	191,956
Total net assets					209,443	191,956
The funds of the	«haritv
Restricted funds				12
Restricted income			funds		67,635	72,206
					67,635	72,206
Unrestricted funds				12
General funds					141,808	119,750
					141,808	119.750
Reserves				12
Total funds					209,443	191,956

Republic o	f Ireland (FRS 102)and the Companies Act 2006.	f Ireland (FRS 102)and the Companies Act 2006.
Change in	basis ofaccounting orto previous accounts
There has been no		change to the accountmg policies (valuation rules and method				of accounting)			since
last year and no changes have been made to accounts for previous			years
Fund accounting
Unrestricted funds		These are available for use at the discretion	of the uustees			in furtherance			of	the
		general obiects ofthe charity
Designated	funds	These are unrestncted funds earmarked by	the trustees	for particular			purposes
Revaluation	funds	These are unrestncted funds which include	a revaluation		reserve representmg						the
		restatement of investment assets at their market values.
Restncted	funds	These are available for use subiect to restrictions imposed				by the donor		or	through
		terms ofan appeal.
Income
Recognition	of	Income is mcluded in the Statement of Financial Activities				(SoFA) when	the		chanty
mcome		becomes entitled to, and virtually certain to receive, the		income and the				amount				of
		the mcome can be measured with suffioent	rehabihty.
Income with related		Where income has related expenditure the	income and	related expenditure						is
expenditure		reported gross m the SoFA.
Donations	and	Voluntary income received by way of grants,	donations and gifts is mcluded						in		the
legacies		the SoFA when receivable and only when the Chanty has			unconditional
		entitlement to the income.
Tax reclaims on		Income from tax reclaims is included in the	SoFA at the same time as the
donations	and gifts	gift/donation to which it relates.
Donated services		These are only mcluded in income (with an equivalent amount in expenditure)
and Facilities		where the benefit to the Chanty is reasonably quantifiable,				measurable		and
		material.
Volunteer	help	The value ofany volunteer help received is not included		m		the accounts.
Investment	income	This is included m the accounts when receivable.
Gains/(losses) on		This mcludes any gain or loss resultmg from	revalumg mvestments to market							value
revaluation	offixed	at the end of the year
assets
Gains/(losses) on		This mcludes any gam or loss on the sale of	mvestments.
investment	assets

Werneth &Freehold	Werneth &Freehold	Werneth &Freehold	Community Development Project
Notes to the Accounts
Expenditure
Recognition		ol	Expenditure is recognised on an accruals basis Expenditure include~			any yAt which
expenditure			cannot be fully recovered, and is reported as part of the expenditure			to which it
			relates.
Expenditure		on	These compnse the costs assoaated with attracting	voluntary	mcome, fundraismg
raising funds			trading costs and investment management costs.
Expenditure		on	These compnse the costs incurred by the Chanty in	the dehvery of its activities and
charitable	actiwties		serwces m the furtherance of its objects, includmg	the makmg	ofgrants and
			governance costs
Grants payable			All grant expenditure is accounted for on an actual	paid basis	plus an	accrual for
			grants that have been approved by the trustees at	the end of	the year but not yet
			paid
Governance		costs	these include those costs associated with meetmg	the constitutional		and statutory
			requirements of the Charity, including any audit/mdependent		examination fees,
			costs Imked to the strategic management of the Charity, together with a share of
			other administration costs.
Other expenditure			These are support costs not allocated to a particular	activity.

3 Statement of Financial		Activities - prior year
			Unrestricted	Restricted
			funds	funds	Total funds
Income and endowments	from;
Chantable actwities			41,414	293,257	334,671
Total			41,414	293,257	334,671
Expenditure on
Chantable actiwties			29,806	252,730	282,536
Total			29,806	252,730	282,536
Net income			11,608	40,527	52,135
Net income before other
gains/(losses)			11,608	40,527	52.135
Other gains and losses:
Net movement in funds			11,608	40,527	52,135
Reconciliation offunds:
Total funds brought forward			48,153	91,668	139,821
Total funds carried forward			59,761	132,195	191,956
Income from donations		and legacies
				Total
				2023

		Unrestricted	Restricted	Total
				2023
Oldham	M BC . mani service
pi'ovisioli		44,079		44,079
Panda Preschool			197,555	197,555
Other projects and services			90,373	90,373
		44,079	287,928	332,007

6	Expenditure	on charitable	activities
				Unrestricted	Restricted	Total
						2023
	Expenditure	on chonroble
	ocrlliirles
	Oldham MBC - mam service
	provision			49,854		49,854
	Panda Preschool				198,306	198,306
	Other projects and services			0	66,360	66,360
	Governance	cosrs
				49,854	264,666	314,520
7	Net income	before transfers
					2023
	This is stated	after chargmg:			E
	Independent	Exammer's	lee		950
8	Staff costs
	No employee	received emoluments		in excess of E60,000.
9	Tangible fixed assets
					Fixtures,
					Fittings, &		Total
					Equipment
					E
	Cost or revaluation
	At 1 Apnl 2022				25,217	25,217	50,434
	At 31March	2023			25,217	25,217	50,434
	Depreciation	and
	impairment
	At 1Apnl 2022				25,216	25,216	50,432
	At 31March	2023			25,216	25,216	50,432
	Net book values
	At 31March	2023
	At 31March	2022
10	Debtors
					2023		2022
					E		E
	Trade debtors				385		300
	Prepayments	and accrued	income		1,681		8,867
					2,066		9,167

Not 11	es to the Accounts Creditors:	es to the Accounts Creditors:
	amounts falhng due within one year
				2023		2022
				E		E
	Trade creditors			6,997		4.194
	Other creditors			20,686		16,906
	Accruals			1,451		1,450
	Deferred income			7		7
				29,141		22,557
12	Movement in funds
			Incoming
			resources	Resources	Gross	At 31
		At 1April	(including other	expended	transfers	March 2023
		2022	gains/losses)
			E
	Restricted funds:
	Restricted income funds:
	Panda Preschools	68,423	197.555	(198,306)	(20,000)	47,672
	Small Grants	1,355	2,000	(2,319)		1,036
	FCHO & Cost of Living &
	Action iogether	1,183	15,750	(14,173l	(2,833)	(73)
	Digital Inclusion	1,245	6,900	(3.098l	(1,000)	4,047
	Resilience Fund		12,000			12,000
	ODAP		25,723	(23,330)	(2,400)	(7)
	NLDC Life Long learnmg		3,500	(477)		3,023
	One Oldham		24,500	(22,963)	(1,600)	(63)
	total	72,206	287,928	(264,666l	(27,833)	67,635
	Unrestricted funds.
	General funds	119,750	44,079	(49,854)	27,833	141,808
	Total funds	191,956	332,007	(314,520)		209,443

13	Analysis of net	assets between funds
				Unrestricted
					Total
				funds
				E	E
	Fixed assets			1	1
	Net current assets			209,442	209,442
				209,443	209,443
14	Reconciliation	of net debt
					At 31
			At 1April		March
			2022	Cash flows	2023
			E	E	E
	Cash and cash	equivalents	?05,345	31,172	236,517
			205,345	31,172	236,517
	Net debt		205,345	31,172	236,517

Annual c	ommitments under non-cancellable	operating leases are	as follows.
		2023	2023
		Land and
			Other
		buildings
		E
Operating	leases with expiry date.
Within	one year		360
			360

for the year ended	31M	ar	ch 2023
				Unrestricte	Restricted
				d funds	funds	Total funds
				2023	2023	2023
				E	E	E
Income and endowments			from:
Chantaole actwitieS
Oldham MBC - mam service
pl'ovlslon				44,079		44,079
Panda Preschool					197,555	197,555
Other prolects and	sennces				90,373	90,373
				44,079	287,928	332,007
Total income and endowments				44,079	287.928	332,007
Expenditure on:
Chantable activities
Oldham MBC - mam service
pl ovlslon				49,854		49,854
Panda Preschool					198,306	198,306
Other proiects and	services			0	66,360	66,360
				49,854	264,666	314,520
Total ofexpenditure activities	on	charitable		49,854	264,666	314,520
General administrative		costs,
including depreciation		and
amortisauon
Depreciation ofFixtures,			Fittings,
& Equipment
Total expenditure				49,854	264,666	314,520
Net gains on investments
Net income				(5,775(	23,262	17,487
Transfers between	funds			27,833	(27,833)
Net income before	other
gains/(losses)				22,058	(4,571(	17,487
Other Gains
Net movement in funds				22,058	(4,571(	17,487
Reconciliation offunds:
Total funds brought 2077	foiward from			119,750	72,206	191,956
Total funds carried	forward			141,808	67,635	209,443