REGISTERED COIllPANY NUTrIBER: 03612468 (England 2nd Wales) REGISTERED CHAIUTY NUTrIBER: 1075926 REPORT OF THE TRLSTEES AND FINANCIAL STATEITrlE)TS FOR THE YEAR ENDED 31ST MARCH 2024 FOR HASLtNGDEYL COI1IIUITy LINK (A COLNIPANY LTrIITED BY GUARAIYTEE) THE LINKCENTRE insWorS Ellnite Chartered Accountants Charter House Stansfield Street Nelson Lancashire BB9 9XY
HASLILYGDELN CO.Nl,IIUllTY LINK (A COMPALNY LI1IlTED BY GUARANTEE) CONTEINTS OF THE FINL A.YCIAL STATEI¥IERNTS FOR THE YEAR ENDED 31ST MARCH 2024 Page Report of the TNstees I to9 Independent Examiners Report io Statement of Financial Activities Balance Sheet 12 Cash Flow Statetnent 131014 Notes to the Financial Statements 15to21 Detailed Statement of Financial Activities 22
HASLINI GDEIY CONL INL IUNITY LLYK (A COLVIPANL Y LILVIITED B Y GUARèLYTEE) REPORT OF THE TRUSTEES FOR THE YEAR ELNDED 31ST lARCH 2024 The trustees who are also directors of the company for the purposes of the Companies Act 2006, presenl their report with the financial statements of the charity for the year ended 31" March 2024. The financial statements comply with the Charities Act 2011, the Companies Act 2006: the Memorandum and Articles of Association, and Accouniing and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 10?} (¢ffeciive I" January 2015). REFERENCE AND ADI1N[sTRA TIVE DETAILS Registered Company number 03612468 (England and Wales) Registered Charity number 1075926 Registered office Haslingden Community Link Bury Road Haslingden Lancashire BB4 5PG Trustees Mr J B Payton Cllr A C Cheetham Mrs M L Brady Mrs K Payton Mrs A Coates Mrs C Kay Miss N Rahman Mr D Doody (appointed 22. August 2023) Mr G P Jones (appointed 22. August 2023) Key Management Personnel Andrew Mullaney- Centre Manager Julie Hargreaves- Nursery Manager Sofie Muldowney- Catering Services Manager Kathy Doidge- Business and Finance Manager Page I
HASL1GDE COLNILTrIUNITY LINL K (A COfvIPANY LIIL IITED BY GUARAL¥TEE) REPORT OF THE TRLSTEES FOR THE YEAR E,YDED 31ST NIARCH 2024 Independent Examiner Mark Sunter FCA Ainsworths Limited Chartered Accountants Charter House Siansfield Street Nelson Lancashire BB9 9XY Bankers National Westminster Bank PIC 28 Bank Street Rawtenslall Lancashire Solicitors Woodcocks Haworth & Nuttall Princess Street Haslingden Lancashire BB4 8TS BB4 5NH Page 2
HASLINL GDEN CONL ILNIUNITY LINK (A CONIPANY LITrIITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST TrIARCH 2024 STRUCTURE, GON'ERLNAINCE AIID ,%LINAGE,IIELNT Governing document The charity is controlled by its governin(w document, the Memorandum and Articles of Association dated 10 August 1998, and constitutes a lÈmited Company, limited by guarant, as dered by the Companies Act 2006. Recruitment and appointment of new trustees The community buildino from which the oruanisation operates is also known as Haslingden Community Link and is the registered office of the charity. The members of the charity represent individuals and voluntary bodies resident or working in Haslingden. The board of trnstees known as the Council consists of a maximum of sixteen members elected from the members of the company, with necessary expertise co-opted where appropriate. No one outside the charity can appoint trustees. Risk managetnent The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and emr. All trnstees are DBS checked. OWECTtVES ALSD ACTIVITIES The aim of the charity is lo provide a facility "For the Common Good" where people of all ages within the community can benefit from a wide range of services. The chariiy's values are to: Improve the qualtty of life of local people who are disadvantaged. offertng supportkve links based on health, wellbeing, education, social activity and work experience. Link with statutory bodies, voluntary, ¢onllnunity and faith groups, individuals and the business conm]unity to sustain a community cenlre for Haslingden. Help individuals to identify and adopt constrnctive ways of coping with disadvantage ill health and poverty. Encourage local people to use our services and facilities by providing a welcoming environment for all m¢mbers of Ihe community. Aim for a self-fmancing Community Centre based on the principles of self-help. The Community Services section of the charity provides facilities where members of the community can participate in social and recreational events, attend education classes, acce&s health advice and support networks, hold meetings or seminars and have a healthy lunch. The Childcare Services section is committed to providing high quality care which is accessible and affordable to all parents, offering fun and exciting play" care and education. to enable children from O to 5 years to reach their full potential. The Catering Services section provides bealihy. home-cooked meals to the Nursery, a Community Café and a catering service for activities within the Community Centre. Public benefit The trustees are confident that the charity offers services of real and practical use lo the local population and therefore complies with the responsibility placed on all charities under the Charities Act 2011. to demonstrate a public benefit. Page 3
HASLINGDEN COLWlTrI IULNITY LLYK (A COMPALNY LITrIITED BY GUARTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST NI IARCH 2024 ACHIEVEITrlENTS AL44D PERFORL}1CE Haslingden Community Link (HCL) has a history of providing local services lor the local community. In our increasingly diverse society, we provide a hub for the community. delivering services according lo the needs of the conllnunity. We listen to what users of our services say they need and ty to provide accordingly. Community Services We started the fmancial year 231?4 a year on from Covid restrictions and on the back of a good year financially. Our community centre continues lo be busy with additional new activities that are increasing footfall across the slte and in the cafe. All of our major partners have conlinued with us, providing a wide range of community support services such as adult education, dementia support groups, refugee and asylum seeker drop in sessions. Two new exercise groups have started with us and one is focused on targeting those individuals that have barriers to exercise. supporting them to increase their participation and improve their health. HCL continue to operate community services that complement the Government strategy for local support. Food banks and food support, Children and Family services, baby and parent bonding, ESOL, community ¢onsulialions and use as a polling station. Our Easy Sequence dancing group continues on Wednesday afternoons and with riskng nun]bers. and a gentle exercise class has also attracted strong numbers. The Veterans Breakfast Club continues the 2nd Saturday of the monlh. HCL continues to be a preferred supplier for the local 'Holiday Activity with Food. government initiative, providing hot and cold meals for events in the three main school holidays. The catering team thke the lead on the project. and it brings in significant income. particularly in a period that is traditionally quiet. The grant to undertake a community research project on behalf of the local Primary Care Network was a new l initiative and was secured based on our previous experience with community engagement and research. The project entailed community champions conducting research questionnaires with members of the public on the use of local minor injuries services compared lo going to Hospital A&E and the reasons behind their choices. HCL secure another small grant to provide Parent and baby nurturing classes for a second year. There were aimed al new and young parents with pre-crawling babies, and the sessions are designed io teach parents how to better bond with their child. The sessions are by referral and aimed at socially and economically disadvantaged parents, but they are free to attend. Our small group of volunteers continue with planting and growing in our community garden. The garden looks magnificent now and is a wonder1 place for conlemplalion and relaxation for our community. The lottery fiLnds supportinE a Men's Shed coordinator role that we had bid for in early 2022 continued into it's second year with increasing success. New activities and groups have been supported by the project and the project .111 last for 3 years providing support and services for men who are stsuggling wtth their mental health, loneliness, social isolation. The project is in partnership with Whitworth Men's Shed and Veterans in Communities. We applied for and were successful with an application to the National Loltrry Community fijnd to support increased osts in utilities and services. The £37,OOIFk we received has helped turn the budget forecast around and provide a small profit. Page 4
HASLINGDEN COTrIfvIULNITY LL)K (A COLTrIPy LIMITED BY GUARTEE} REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST TrIARCH 2024 ACHIEVETrIENTS AIND PERFOILTrIALNCE {CONI TIIIUED) Catering Services The catering services had a very strong year in 20231?0?4, exceeding previous years income and maintaining a strong GP margin. Our customer base remains strong and loyal as we always endeavour to meet their needs. Again, we had a small price increase across the menu as another National livin(J wage increase came into effect from the l April. We continue to provide our nursery with a healthy, low fat, low salt and low sugar menu. Our food is healthy and home cooked, and our food offer is cenlrdl to all our service provision. providing a service to our local community and beyond. We continued to access food through the Fareshare scheme from our local Tes¢0 and Asda supennarkets and food given to charitable causes lI)Ugh this scheme would otherwise be wasted. HCL uses the food provided in the community lunches and any spare is given free to the local community. These food donations remain a regular source of support as our community are still strugolints financially. The establishment of a food support service in the previous year continued throughout 20231?024 and numbers increased because of inflation and the cost of living crisis. RBC provided ndIng lo help us support families in food crisis. During the summer of 2023 HCL was again involved with the 'Holiday Activity with Food, (HAF) governmeni initiative aimed al providing child on free school meals the opportunity to attend a full day of activity and be provided with a healthy hot or cold meal. The HAF ran for 4 days per week lor 4 weeks throughout August. HCL hosted some activities on site, providing hot food for the children aitending, we also provided packed lunches for several other venues across Rossendale. In total we provided over 1800 meals. The HAF continued in the December for 4 days and HCL'S Link cafe and catering services again supported with food on site plus delivery of food to multiple sites. We have continued with the themes dining events on a quarterly basis throughout the remainder of the year. A Ceilidh dance was also a refreshing change. Bookings for Christmas lunches throughout December saw another record year and made for an excellent trading month. The continued increase in food supplies caused by the economic climate has again impacted and we had to increase our prices from the l# April 2022. However, our prices remain competitive and our catering services principles of providing access to reasonably priced home-cooked meals 6 days per week and provkde diversional and social activities alongside to encourage social interaction and reduce loneliness and isolation remain unchanged. Page 5
HASLIINGDEIN COkllllUNITY LINL K (A COTrIPI¥NY LINL IITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR E£)DED 31ST MARCH 2024 ACHIEvEIEyE TS AND PERFORNL IA)L CE (COLITIL)UED) Childcare Services As the rise in inflation and the cost of living conttnued into 202312024, we still haven't seen any noticeable impact on the nursery at HCL. We maintained our nursery fees following an increase in our fess from the previous year and we managed to absorb the increase in operating cost caused by the increase in the Naiional Living Wage. However, the increase in childcare funding from Government that came into place from September 2023, has made a positive impact on the childcare budget and alloived us lo make a reasonable profil. We continue to see staff absence due to being unable to work because of child sickness however this has reduced from previous years. Numbers of children with the nursery remain consistent and we receive fantastic feedback from parents regarding the care we provide and our nursery environment. One new nursery opened up close to HCL but we have seen no impact and in faci have seen an increase in request for childcare places based on previous years. The Nursery management team continue io ensure that ratios of staff lo children and total numbers of children in different areas are mainlained within regulatory compliance. Reliance of agency stafy to cover for staff absenteeism has reduced significanily as the Management ieam have become more skilled al managing the situation. We have not had io send any children home because we couldn't maintatn ratios. We continue to ensure thai individual children receive sufFicient attention and can work through the EYFS curriculum at their own pace. We continue to receive requests for child¢are places. Our Nursery manager and her teatn have led the staff in delivering an interesting and varied curriculum, compliant wilh the Early Years Foundation Siage (EYFS) requirements. New ideas have been introduced to enhance the children's experience of Nursery and to allow them to express their individuality. Children's progress is monitored through the EYFS Tracker, which enables early identification of any challenges faced by individual children, and allows relevant action to be taken. gtving children the best chance to reach their potential. Our Ofsled inspection in December 2018 rated our provision as good, with only a few recommended improvements. The Nursery team are now working towards further improving this rating to Ou15tanding at the next inspection. Nursery staff continue lo work closely with feeder schools and our pre-school children are consistently prepared well for transferring to school. The EYFS Trdcker also enables robust inforn]aiion for receiving schools on progress and attainment of the EYFS goals. April 2023 saw us continue wilh the quality improvement plan (QIP) we slarted in 2022. Continued audits and focus on driving through the actioned identified in the QtP. The plan allows us to continually identify strengths and weaknesses across the nursery and develop an embedded approach io continuous quality improvement. This approach brought in a more forn]al structure that started with the creation of a new governance board made up of Trnstees with experience in ¢hild¢are health and education, with the iesponsibility of managing the CEO and nursery management team to ensure continuous quality improvernent actions were being implemented. We continue to gather feedback from parenls and used the reconllnendations to develop our QIP. Our Nursery continues to enable children with Special Educational Needs and Disabilities (SEND) to access our setting and our SEND Coordinator has continued to develop effective working partherships with specialist professional staff, parents and schools to ensure tailored support. Regular meetings are held with professionals and families to ensure that each indiiiidual child receii'es timely and appropriate support and that all professionals undersland the child's needs. This year. we have supported several children with additional needs and have seen some of them progress to either local mainstream schools or to our local specialist school. The majority of our Nursery staff are qualified Childcare Practitioners. with a number having a¢hieved degree level qualifications. We continue to support staff to undertake professional development. which benefits both the Nursery and the individual through the gaining of additional knowledge and skills which they can apply to their practice. Page 6
HASLINGDEN COLII.NIUNITY LINK (A COfvIPANY LThIITED BY GUAIL4NTEE) REPORT OF THE TRUSTEES FOR THE YEAR EYDED 31ST MARCH 2024 FINNCL&L REVIEW The alla¢hed slatement of financial aciiviiies shows how our funds were raised and applied during the year. This statement separates funds, which the charity itself controls - unrestricted funds. from funds which have to be spent in a manner deiern]ined by the donor- restricted fitnds. During the year ended 31" March ?0?4, granls received totalled £138.064 which represents an increase of £64.251 from the pieviou5 year mainly due lo the Warni & Welcome and Community Organisation projects. Income from trading activities increased by over 9.7 /0 which is mainly due to the increases in Nursery income. The majority of costs were comparable with the prior year. with the exception of the wages which increased in proportion to the increased sales. Looking to the fitture we will continue to mainlain a tight control over costs. monitor income closely, and strive to identify fijture funding streams. We aim to ensure that we are well placed lo react to any further negative or indeed positive impact of the economy. Investment policy The Trustees regularly monitor the available cash reserves of the charity and seek to M]Mise the interest earned on such fund% via the use of interest bearing bank deposil accounts and short terni bonds. Reserves policy It is the policy of the charity to maintain unrestricted nds, which are free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs and to enable ongoing development of the Charity. Unrestricted fldS were maintained at this level throughout the year, however it should be noted that part of the unrestricted fimds are held in the fed assets of the charity. The tNstees have reviewed the charitys needs for reserves in line with the guidance issued by the Charity Commission. Having taken into account expenditure on specific projects. the Council plans to ensure that adequate reserves are maintained in order to ensure the charity can rLm effi¢Éently and meet its objectives. Risk assessment The Trustees have identified the lljOr risks to which the charAty is exposed and procedures to manage those risks have b¢en put in place. Page 7
HASLINGDEN COLWlITrlUNITY LLNK (A co1PANy LILIIITED B Y GUAIL4NTEE) REPORT OF THE TRUSTEES FOR THE YE.4R ELNDED 31ST MARCH 2024 FUTURE DEVELOPIlENTs Our vision of creating a Community Wellbeing Hub. providing high quality services for the whole family remain5 the core of our business planning. The CEO works closely with the Execuiii'e board and Senior Management team to identify new opportunities that fit with our ambitions and the needs of our community. We increased our support of the community through expanding our food offer, hosting free legal advice sessions provided by a local solicitor and being a 'wann and welcome, venue for people Strutsgling with fuel poverty. We remain aware of the need to increase our sustainability through generating additional income and will continue io use the investment by our llderS lo pursue this aim. We will continue with the social inieraciion theme for the socially isolated and lonely and also with the fund-raising themed dining events ihai we .%iarted in 2019. Our garden has now developed into a welcoming, produciive, and relaxing space where the community is growing produce and our children can learn about nature. We will work with partners in the Voluntary. CoTnmunity and Faith sector (VCFS) to enhance access to services which are new to our local comtnunity, and which enhance our town. We will provide garden-based activities to enhance wellbeing and increase cornrnunity cohesion. Our services are based on meeting the needs of our local community. We will continue to specialise in educating and caring for children, responding to challenges faced by local people and providing and developing services for older people, which help them to live well and independently for longer. We will develop services which encourage those who are lonely and isolated to engage and provide specialist services for Carers, for those living with Dementia, support Men with their mental health and wellbeing, and for supporting the continued integration of RegeeS and Asylum Seekers into our community. We will continue to work with the East Lancashire NHS services and Local Authorities to continue to develop HCL as a social prescribing venue and link with other VCFS organisalions to provide a network of social prescribing venues across Rossendale. We will continue to develop our premises to provide an age friendly environment which will enable people of all ages and a range of individual challenges to access activities which enhance their wellbeing, including the development of services which allow different generations lo socialise together. We will continue work in partnership with Rossendale Connected group and the rebranded Rossendale Community Directory to strengthen community group working and provide a one stop shop for community-based support services. Our Nursery provision will continue to provide care for children from 6 months of age and our development will focus on improving the quality of our service further to enable us to achieve an outstanding rating at our next inspection. We will work towards extending our childcare services further to enhance our community activities and develop intergenerational working. We will encourage increased volunteering and fijrtber work placements to enable people to gain additional skills and purpose. We will provide appropriate support for volunteers to ensure they gain from their placements. This will reduce our cosls and provide meaningful occupation for those who work with us. We will. over time and subject to achieving adequate funding. develop our site to provide additional facilities to grow our services and increase our income. We are seeking fi]nding to help develop our premises so that we can increase our service provision in appropriate environments. Fundraising will be a key part of our development strategy and we will engage Iviih local businesses and other groups witlun the VCFS to enable progression of service which benefits us all. Our development sirategy and the investmeni from our Funding partners will help to ensure that we remain resilient and become increasingly self-sustaining. whilst still providing responsive services within and for our local cOnUnity. Page 8
HASLINGDEL¥ COMTrIUNITY LINK (A COMPANY LILTrIITED BY GL.ARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3 1ST MARCH 2024 ACKNOIILEDGENL IEINTS Haslingden Cornmunity Link is grdteful for the support received from: The Roman Catholic Diocese of Salford St Mary's RC Parisb The community of Haslingden and the wider community in Rossendale Lancashire County Council Professional Agencies and Voluntary Community and Faith Sector partners- too numerous to mention. The National Lottery Community Fund Rossendale Borough Council Awards for All fund STATETrIENT OF TRUSTEES RESPOLNSIBILITIES The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the tnteeS to prepare financial statements for each financial year. Under that law the tNstees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Siandards and applicable law). The financial statements are required by law to give a lrne and fair view of the state of affatrs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those 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 and FRS 102. make judgements and estimates that are reasonable and prndenl" stale whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the fmancial slatements" prepare the flnancial slalemenls on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responstble for keeping proper accounling records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the [anCIaL slatements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Acl 2006. ON BEHALF OF THE BOARD: Mr J B Payton Date.. 19 November 2024 Page 9
INL DEPEINDENT EXknTrIINERS REPORT TO THE TrIENIBERS OF HASLIYCDELY COIN1.lUL ITY LINK (A COMPANY LILWIITED BY GUARANTEE) I report to the charity trnslees on my examination of the accounts of the Company for the year ended 3151 March 2024. Responsibilities and basis of report As the charity's trnstees of the Company (and also its directors for the purposes of company law) you are responsible for the preporation of the accounls 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 examinaiion of your charity's accounts as carried out under seciion 145 of the Charities Act 2011 ('the 2011 Acl.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 201 l Act. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 201 l Act. I confinn 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 Ihe listed bodies. I have completed my examination. I confirn] that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by se¢tRon 386 of the 2006 Act. or the accounts do not accord with those records; or 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 Èndepend¢nt examination- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reportinu by Charities [applicable to charities preparing their accounts in accordance witb the Financial Reporting Sthndard applicable in tbe 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 understhnding of the a¢¢ounts to be reached. Mark Sunler FCA Ainsworths Limited Charter House StansfEeld Street Nelson Lancashire BB9 9XY Dated: 19th November 2024 Page 10
HASLINGDEN COfvlITrlUI%ITY LINK (A COLIIPANY LLIIITED B Y GUARAJL TEE) STATEIWIELYT OF FINANCIAL ACTIVITIES (INCORPORATIING THE I,¥COTrIE EXPEIIDITURE ACCOUNT) FOR THE YEAR ENDED 31ST ITrlARCH 2024 31.3.24 Total funds 31.3.23 Total Funds Unrestricted funds Restricted funds Notes INCOMING RESOURCES Donations and legacies Charitable activities Other trading activities Investment income 3,459 49,139 635,090 2,044 3,459 138,064 635,090 2,044 5,726 73,813 578,920 769 88,925 Total illcomillg resources 689,732 88,925 778,657 659,228 RESOURCES EXPENDED Charitable activities 683,433 98.712 782,145 724,566 Total resources expended 683,433 98,712 782,145 724,566 NET SURPLUSI(DEFICIT) 6,299 {9,787) (3,488) (65,338) Transfers NET MOVEMENT FUNDS 16 6,299 (9,787) {3,488) (65,338) RECONCILIATION OF FUNDS Tot21 funds brollght forivard 467.572 51,598 519,170 584,508 TOTAL FUNDS CIIRIUED FORWARD 473.871 41,811 515,682 519,170 There are no other recognised gains or losses for the year other than in the Sthtement of Financial Activities. All income and expenditure derives from continuing activities. The notes forn) part olthe5e financial statements Pagell
HASLINGDEN COTrITrIUNITY LINK {A COMPANY LINIITED BY GUARAI%TEE) BALANCE SHEET AT 31ST MARCH 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 388,725 407,514 CURRENT ASSETS Stocks Debiors Cash at banJ( 2,930 23,221 176,966 4.284 15,680 172,033 12 203,117 191,997 CREDITORS Amounts falling due within one year 13 (45,638) (44,445) NET CURRENT ASSETS 157,479 147,552 TOTAL ASSETS LESS CURRENT LL4BILITIES 546,204 555,066 CREDITORS Amounts falling due after more than one year 14 30,522 35.896 IYET ASSETS 515,682 519,170 FUNDS Unrestricted funds Restricted funds 16 473,871 41,811 467,572 51,598 TOTAL FUNDS 515,682 519,170 The directors are saiisfied that the cornpany is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or mernbers have requested an audit pursuant to section 476 of the Act. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. The tSteeS have prepared the accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 201 l. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard 102 (effective 151 January 2015). The fmancial statements were approved by the Board of Trustees on 19th November 2024 and were signed on its behalf by: Mr J B Payton "Trustee Mrs A Coates Tnlee The notes forni part of these financial statements Page 12
HASLINGDEIY COMMUNITY LINK (A COMPANY LIMITED BY GUARANTEE) CASH FLOW STATELNIENT FOR THE YEAR ENDED 31ST MARCH 2024 31.3.24 31.3.23 Notes Cash floivs from eharitable activities Cash generated from activities Net cash from charitable aciivities 8,130 8,130 15,437) (15,437) Cash flows from investing activities Purchase of tangible fixed assets Proceeds on disposal Interest received 2,044 2,044 769 Net cash from investing activities 769 Cash flojvs from finalleillg activitie5 New loans in year Capital Tepayments in year Net cash from financing activities 5,241 5,112) (5,112) (5,241) Increast/(decrease) in cash and cash equivalents 4.933 (19,780) Cash and cash equivalents at beginlling of year 172,033 191,813 Cash and cash equivalents at end of year 176,966 172,033 The notes forni part of these financial statements Page 13
HASLINGDEN COTrITrIULNITY LILIK (A COLVIPANY LILVIITED BY GUARèLNTEE) CASH FLOW STATEMELNT FOR THE YEAR ELNDED 31ST MARCH 2024 RECOLNCILIATION OF DEFICIT TO CASH GENERATED FROIM ACTIVITIES 31.3.24 31.3.23 Deficit for the year Depreciation charges Finance income (3,488) 18,789 (2,044) (65,338) 27,545 (769) 13,257 (38,562) (Increase)/decrease in stocks (Increase)Idecrease in trade and other debtors Increase/(decrease) in trade and oiber credito 1,354 (7,541) 1,060 (2,663) 7.856 17.932 Cash generated from charitable activities ,130 (15,437) CASH AND CASH EQUtVALENTS The amounts disclosed on the Cash Flow Statement in respe¢t of cash and cash equivalents are in respect of these Balance Sheet amounts.. Year ended 3 1. March 2024 31.3.24 1.4.23 Cash and cash equivalents 176,966 172,033 Year ended 31" March 2023 31J.23 1.4.22 Cash and cash equivalents 172,033 191,813 The notes fonn part of these fmancial statements Page 14
HASLINGDEN COTrITrIUNITY LINK (A COLMPANY LILVIITED BY GUARANTEE) NOTES TO THE FINANCIAL sTATEIENTs FOR THE YEAR EDED 31ST LWIARCH 2024 STA TUTORY IYL FORLNL4TION Haslingden Community Link is a charitable company, litnited by guarantee, registered in England and Wales. The charity's reoistered number and reoistered olee address can be found on the Company Inforn]ation page. Each member's personal liability is limited to an amounl not exceeding £1. ACCOUNTING POLICIES Accounting convention The fanCIal stalements have been prepared under the historical cost conversion, in accordance with Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparints their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effecttve l January 2015)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Trnstees have taken advantage of the provisions of section 474(1) of the Companies Act 2006 and have prepared an income and expenditure account instead of a profil and loss account. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Grants receivable are accounted for when due. Income is deferred when it is received in advance of the period to which it relates. Investment income is recognised on a receivable basis. Resources expended Expenditure is accounted for on an accNals 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 use1 life. Children's Centre Improvements lo property Equipment Motor vehicles -20/0 on cost -Straight line over 15 years -25 % on Cost -250/0 on cost Taxation The charity is exempt from corporation tax on its chariiable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fitnds ¢an only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are rais for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes io the financial statements. The notes form part of these fmancial statements Page 15
HASLILNGDEN COTrIIWIUNITY LLYK (A COMFNy LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATETrIENTS FOR THE YEAR EDIDED 31ST fvIARCH 2024 ACCOUNTLJG POLICIES (COIITI)UED) Pension costs ind other post-retirement benefits The charitable company operates a defllled 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. Debtors Short tenn debtors are measured at transaction price, less any impainnent. Creditors Short terni creditors are measured at transaction price. Significant judgements and estimates Preparation of the financÈal statements requires management to make significallt judgements and estimates. The major icem in the fmancial statements where these judgements and estimates must be made is in relation to the pension scheme. Management consult with experts lo provide appropriate assumptions on which to calculate projected nding position for the scheme. DONATIONS In 2023, of the iotal donations, £4,747 was restricted and £979 was unrestricted nds. INCOML¥G RESOURCES FROTrI CHAIUTABLE ACTtvtrIES 31.3.24 31.3.23 Granl incopne Community Organisation Grant Men'5 Shed Burnley, Pendle & Rossendale CVS.. Warm and Welcome Rossendale Borough Council.. Halo Pantry Kangaroo Family Nurturing Rossendale Borough Council.. Food Support DBC HHE & Carbon Granl Rossendale Borough Council: Refugee Grdnt East Lancashire Chamber of Con]merce Rossendale Borough Council: Family Fun Day Rotary Club.. Food Bank Rossendale Borough Council.. Coronation Grant Big Issue Invest Rossendale Borough Council: Regee Support LCC.. Food Bank The Sbiva Trust: Refugee Support Rossendale Borough Council: Jubilee Grant Rossendale Borough Council: Unifortn Grant 39,094 33,503 31,922 10,000 5,250 5,000 3,819 3,500 3,211 1,965 550 250 36,263 5,000 1,000 20,000 7,000 3,000 1,200 250 loo 138,064 73,813 In 2023, of the total grant income, £50,813 was restricted and £23.000 w&$ unrestricted funds. The notes form part of these funcial statements Page 16
HASLIRNGDEN COI¥1lUNITy LINK (A COTrIPANY L ThIITED BY GUARANTEE) NOTES TO THE FINANCIAL STATENIEJTS FOR THE YEAR ENDED 31ST LTrIARCH 2024 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Community Centre income Nursery fees Catering income Mitchell building Sundry income 24,426 422,115 144,096 29,530 14,923 27,167 365,497 144,704 29,530 12,022 635,090 578,920 In 2023, of the other trading activities. £nil was restricted and £578,920 was unrestricted funds. DIRECT COSTS OF CHAIUTABLE ACTIVITIES 31.3.24 31.3.23 Staff costs Premises costs Insuran¢e Nursery and resources costs Catering costs Projecl costs Postage, slationery & phone Advertising Sundries Repairs and equipfftent hire Computer costs Training costs Motor and travel Professional fees Bank charges Loan interest Depreciation Bad debts Support costs (note 7) 484,218 58,822 5,287 666 94,281 33,591 5,078 1,375 16,143 11,185 4,284 769 447,998 54.644 5,097 1,503 85,397 6,285 546 9,486 32,177 5,658 2,519 429 2,724 3.243 1,098 27,545 654 37,563 1,989 2,641 968 18,789 (2,443) 44,502 782,145 724,566 In 2023, of the total costs of charitable activities, £52,796 was restricted and £624,072 was unrestricted funds. SUPPORT COSTS Support eosts Total 31.3.24 Total 31.3.23 GoverThance Staff costs Accounthncy 39,054 39,054 5,448 32,371 5,192 5.448 5.448 39,054 44,502 37,563 Page 17
HASLIINGDEN coIllIUlTy LINL K (A COMPANY LITrIITED BY GUARANTEE) NOTES TO THE FINA,C1AL STATETrIENI TS FOR THE YEAR ENDED 31ST IARCH 2024 NET OUTGOING RESOURCES Net resources are stated after charginol(crediting): 31.3.24 31.3.23 Depreciation Independent examiner's fee 18,789 2,950 27,545 2,940 TRUSTEES, RETrIUNERATION AND BENEFrrs Trustees, Remuneration There were no trnslees, remuneration or other benefjts for the year ended 31 March 2024 nor for the year ended 31" March 2023. Trustees, Expenses There were no trustees, expenses paid for the year ended 3151 March 2024 nor for the year ended 31" March 2023. io. STAFF COSTS 31.3.24 31.3.23 Waqes and salaries Social security ¢OSts Other pension costs 482,487 24,256 16,529 443,364 21,706 15,299 523,272 480,369 The average monthly number of employees during the year was &s follows: 31J.24 31.3.23 Employees 37 35 No employees were paid over £60,000 during the year, nor for the year ended 3 1st March 2023. During the year, key management personnel employee benefits excluding pension contributions amounted to £1 19,819 (2023: £115,977). Page 18
HASLINGDEN COINIENIUIIITY LINK (A COTrIPAINY LLMITED BY GUARAJL TEE) NOTES TO THE FLYANCIAL STATEINIENTS FOR THE YEAR ENDED 31ST MARCH 2024 ii. TNcIBLE FIXED ASSETS Children's Centre Improvetnents to property Equipment Totals COST At Ist April 2023 Additions Disposals 518.837 714,644 238,091 1,471,572 Ai 3lst March 2024 518,837 714,644 238,091 1,471,572 DEPRECIATION At 1st April 2023 Charge for year Disposals 172,585 IOJ77 6S3J82 8,412 238,091 1,0fv1,058 18,789 At 31 st March 2024 182.962 661,794 238,091 1,082,847 NET BOOK VALUE At 31st March 2024 335,875 52,850 388,725 Ai 3 1st March 2023 346.252 61,262 407,514 The depreciation charge for the year totalled £18.789 (2023.. £27,545). The amounts of £2,400 (2023: £4,685) and £16,389 (2023.. £22,860} have been allocaied to restricted and unrestricted funds respectively. 12. DEBTORS: AMOUNTS FALLI.NG DUE WITHINI ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments 19,135 4.086 12,600 3.080 23,221 15,680 Debtors include £llil (2023.. £nil) in respeci of grants receivable at the year end. All amounts shown under debtors fall due for payment within one year. 13. CREDITORS: ALIIOULNTS FALLLNG DUE WITHLN ONE YEAR 31J.24 31.3.23 Bank loans Trade creditors Taxation and social security Accruals and deferred income Other creditors 5,374 18,106 10,624 8,705 2.829 5,241 20.598 8,366 7,512 2,728 45,638 44,445 Page 19
HASLINGDEN COMLNIUNITY LINK (A COMPANY LINIITED BY GUARknYTEE) NOTES TO THE FINANCIAL STATEhIENTS FOR THE YEAR ELNDED 31ST ITrL4RCH 2024 14. CREDITORS: thIOUNTS FALLtNG DUE WITHIY ONE YEAR 31J.24 31.3.23 Bank loans 30,522 35.896 30,522 35,896 Amounts falling due in more than five years: Repayable by instaIments Bank loans 7,634 13,572 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds Restricted funds 31.3.24 Total funds 31.3.23 Total fiknds Fixed assets Net current assets Long terni liabilities 364,725 139,668 (30,522) 24.000 17.811 388,725 157,479 (30,522) 407,514 147,552 (35,896) 473,871 41,811 515,682 519,170 16. MOVEIIIENT IN FUNDS Net movement ill funds At 1.4.23 At 31.3.24 Unrestricted funds General fund Mitchell Building 86,670 380,902 22,476 (16,177) 109,146 364,725 Total unrestricted funds 467,572 6,299 473,871 Restricted funds Elderly and Dementia Community Research Project Food bank Kangaroo Family Nurniring Men's Shed Power to change REAL RefiEgee Support Other 3,274 1,848 2,254 {3,274) {1,848) (2,254) 987 (10,642) (2,400) 987 4,025 24,000 652 3,101 14,667 26,400 652 2,503 598 Total restricted funds 51,598 (17,202) 51,598 TOTAL FUNDS 519,170 (65,338) 519,170 Page 20
HASLINGDEN COTriLNIUEIITY LINK (A COMPANY LIINIITED BY GUARANTEE) NOTES TO THE FNNCIAL STATE.NIENTS FOR THE YEAR ENDED 31ST LWCH 2024 16. MON'ENIEi*T INL FUNDS {COI)TINUED) Incoming resources Resources expended Movement in funds Transfers nrestricted funds General Fund Mitchell Building 689,732 667,256 16,177 22,476 {16,177) Total unrestricted fund5 689.732 683,433 6,299 Restricted fund5 Elderly and Demenlia Conununity Research Project Food bank Kangaroo Family Nurturing Men's Shed Power to change REAL Refugee Support Wann and Welcome Halo Pantry Other 3,274 1,848 7,254 4,263 43,645 2,400 (3,274) (1,848) (2,254} 987 {10,642) (2,400) 5,000 5,250 33,003 3,500 31,922 10,000 250 2,902 31,922 954 250 598 9,046 Total restricted funds 88,925 98,712 (9,787) TOTAL FUNDS 778,657 782,145 (3,488) 17. OPEIL4TING LEASE coI[ITMETs 31.3.24 31.3.23 Expiry date: Within one year Between one and five years 934 1,217 311 934 1,528 Page 21