2021-03-31-accounts - Highfields Community Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Reference and Administrative Details
Trustees' Report		2	to	5
Independent Examiner's	Report
Statement of Financial	Activities
Statement ofFinancial	Position	8	to	9
Statement ofCash Flows			10
Notes to the Statement	ofCash Flows
Notes to the Financial Statements		12	to	25

TRUSTEES		Mr H SJeffers - Director	Mr H SJeffers - Director	Mr H SJeffers - Director
		Dr I Lightfoote	- Director
		Mr TS Naute	- Director
		Miss S G H Meman		- Director
		Mr R D Patel	- Director
		Ms W A Taylor - Director
		Ms M Hingorani - Director (appointed				17/3/2021)
		Mr A Burns -	Director (appointed		17/3/2021)
COMPANY SECRETARY		Mr C P Thamotheram
REGISTERED	OFFICE	Highfields Centre
		96 Melbourne	Road
		Leicester
		Leicestershire
		LE2 ODS
REGISTERED	COMPANY NUMBER	06078193(England		and Wales)
REGISTERED	CHARITY NUMBER	1118624
INDEPENDENT	EXAMINER	Watergates
		109Coleman	Road
		Leicester
		Leicestershire
		LE5 4LE

						31/3/21	31/3/20
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes		f
INCOME AND ENDOWMENTS	FROM
Donations and legacies				98,966		98,966
Charitable activities
Incoming resources from charitable		activities		102,715	365,695	468,410	332,768
Other trading activities							760
Total				201,681	365,695	567,376	333,528
EXPENDITURE ON
Raising funds							235
Charitable activities
Costs ofcharitable activities				145,524	203,795	349,319	440,952
Total				145,524	203,795	349,319	441,187
NET INCOME/(EXPENDITURE)				56,157	161,900	218,057	(107,659)
Transfers between funds			16	286 827	~286,827)
Net movement in funds				342,984	("I24,927)	218,057	(107,659)
RECONCILIATION OF FUNDS
Total funds brought forward				232,848	348,878	581,726	689,385
TOTAL FUNDS CARRIED FORWARD				575,832	223,951	799,783	561,726

					31/3/21	31/3/20
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes			E
FIXEDASSETS
Tangible assets		13	304,887	48,395	353,282	323,486
CURRENT ASSETS
Debtors		14	45,152	3'1,426	76,578	23,413
Cash at bank and	in hand		274 613	200,770	475,383	256,435
			319,765	232,196	551,961	279,848
CREDITORS
Amounts falling due within one year		15	(4&,819)	(56,641)	(105,460)	(21,608)
NET CURRENT ASSETS			270 946	175,555	446,501	258,240
TOTAL ASSETS	LESSCURRENT LIABILITIES		575,833	223,950	799,7&3	581,726
NET ASSETS			575,833	223,950	799,783	581,726
FUNDS		16
Unrestricted funds					575,833	232,848
Restricted funds					223 950	348,878
TOTAL FUNDS					799,783	581,726

			31/3/21	31/3/20
		Notes		F
Cash flows from operating activities Cash generated from operations Finance costs paid			270,594 ~208)	32,758 ~355)
Net cash provided by operating activities			270,386	32,403
Cash flows from investing activities Purchase oftangible fixed assets			$51,43&)	f11,037)
Net cash used in investing activities			$51,438)	~11,037)
Change in cash and cash equivalents the reporting period	in		218,948	21,366
Cash and cash equivalents at the beginning ofthe reporting period			256,435	235,069
Cash and cash equivalents at the end the reporting period	of		475 383	256,435

ACTIVITIES
				31/3/21	31/3/20
				f	f
Net income/(expenditure)		for the reporting	period (as per the Statement
ofFinancial Activities)				218,057	(107,659)
Adjustments for:
Depreciation charges				21,642	23,462
Finance costs				208	355
(Increase)/decrease Increase/(decrease)	in debtors in creditors			(53,165) 83,852	126,377 ~9,777)
Net cash provided	by op	erations		279 594	32,758

ANALYSIS OF C	HANGES IN NET FUNDS
		At 1.4.20 f	Cash flow f	At 31.3.21 f.
Net cash
Cash at bank and	in hand	255 435	218948	475,383
		256,435	218,948	475,383
Total		256,435	218,948	475,383

DONATION	S AND	LEGA	CIES
								31/3/21	31/3/20
						Unrestricted	Restricted	Total	Total
						fundsf	fundsf	funds	funds f
Government	Job Retention		Schem e			93,355		93,355
LCC Covid	Support	Fund				5611		5,611
						98,966		96966
OTHER TRADING		ACTIVITIES
								31/3/21	31/3/20
						Unrestricted	Restricted	Total	Total
						fundsf	funds f	funds	funds f
Bar and vending sales									760
INCOME FROM CHARITABLE				ACTIVITIES
				Activity				31/3I21 f	31/3I20 f
Charitable activities				Incoming	resources	from charitable	activities	128,398	220,771
Grants				Incoming	resources	from charitable	activities	340,012	111,997
								468,410	332,768

5.	RAISING FUNDS
	RAISING DONATIONS	AND LEGACIES
					31/3/21	31/3/20
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
				F	F	F
	Bar and vending supplies					235
6.	CHARITABLE ACTIVITIES COSTS
				Direct	Support
				Costs (see	costs fsee
				note 7) f	note 8) F	Totals
	Costs ofcharitable activities			341,579	7,740	349,319
7.	DIRECT COSTS OF CHARITABLE ACTIVITIES
					31/3/21 f	31/3/20 f
	Staff costs				181,533	180,614
	Rates and water				3,550	3,687
	Insurance				11,232	11,192
	Light and heat Telephone Postage and stationery Repairs 8, maintenance Other activity costs Minibus expenses Other travel costs				35,382 5,250 1,624 30,603 7,369 490 85	41,885 4,674 2,182 34,942 85,466 1,165 1,033
	Legal fees Professional and consultancy Other expenses Staff training IT costs				298 17,410 3,810 4,690 11„077	680 8,057 5,482 12,016
	Programme delivery support Depreciation Interest payable and similar charges				5,326 21,642 208	19,320 23,462 355
					341,579	436,212

SUPPORT COSTS
		Governance
		costs
Costs ofcharitable activities		7,740
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
	31/3/21	31/3/20
	f
Depreciation - owned assets	21 642	23,462

STAFF CO	STS
					31/3/21 f	31/3/20 f
Wages and	salaries				175,725	170,602
Social security costs					4,366	7,949
Other pension costs					1 442	2,063
					181,533	180,614
The average	monthly	number ofemployees	during	the year was as follows:
					31/3/21	31/3/20
Community	Fund				20	18

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
			f.		F
INCOME AND ENDOWMENTS	FROM
Charitable activities
Incoming resources from charitable Other trading activities		activities	217,516 762	115,252 ~2)	332,768 760
Total			218,278	115,250	333,528
EXPENDITURE ON
Raising funds			235		235
Charitable activities
Costs ofcharitable activities			340,313	100,639	440,952
Total			340,548	100,639	441,187
NET INCOMEI(EXPENDITURE)			(122,270)	14,611	(107,659)
RECONCILIATION OF FUNDS
Total funds brought forward			355,118	334,267	689,385
TOTAL FUNDS CARRIED FORWARD			232,848	348,878	581,726

		31/3/21	31/3/20
		F	E
Trade debtors		33133	11,522
Other debtors		1,920	2,620
Prepayments	and accrued income	41525	9,271
		76576	23,413

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE Y	EAR
	31/3/21	31/3/20
	E	E
Trade creditors	3,043	2,676
Social security and other taxes Other creditors Pension control account	2,276 5,991	1,388 4,803 538
Accruals and deferred income	94,150	12,203
	105 460	21,608

MOVEMENT IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.4.20	in funds	funds	31.3.21
			F		E
Unrestricted funds
Activities for the provision	ofeducational,
social, welfare and leisure	facilities		22,096	45,631	275,570	343,297
Designated - Programme	Support		22,004			22,004
Designated -Asset replacement		fund	80,000		11,257	91,257
Designated -Transforming	Services		40,000			40,000
Designated - Adult learning			61,761	10,527		72,288
Designated - Business support			(7,298)			(7,298)
Designated -Young people support			142&5			14,285
			232,848	56,158	286,827	575,833
Restricted funds
Other external grants and	funding		1,108	(395)	15,144	15,857
Asset fund			986	(247)		739
Leicester Ageing Together			11,257		(11,257)
Power to Change Community Business
Grant			298,337		(298,337)
Children in Need			2,297	2&,755	1,652	32,704
Community Development	Grant		33,650	(18,506)	(15,144)
Youth Employment Support Programme			1,243	(5„101)	6,722	2,864
Power to Change Community Business
Fund				152,559	14,393	166,952
Covid-19 National Lottery	Emergency
Funding				424		424
Leicester Garment Advice	8 Support Project			2,000		2,000
Sports Activator Post (LCC Tackling Inequalities)				2,410		2416
			348,878	161,899	L286,827j	223,950
TOTAL FUNDS			581 726	218,057		799,?83

MOVEMENT IN FUNDS - continued	MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources E	expended	in funds f
Unrestricted funds
Activities for the provision	of educational,
social, welfare and leisure	facilities	153,6"I0	(107,979)	45,631
Designated - Adult learning		48,071	~37,544)	10,527
		201,681	(145,523)	56,158
Restricted funds
Other external grants and	funding	1,000	(1,395)	(395)
Asset fund			(247)	(247)
Children in Need		36,558	(7,803)	28,755
Community Development	Grant	1	(18,507)	(18,506)
Youth Employment Support Programme		7,577	(12,678)	(5,101)
Power to Change Community Business Fund		178,038	(25,479)	152,559
Covid-19 Community Led	Recovery Scheme	75,001	(75,001)
Covid-19 National Lottery	Emergency
Funding Leicester Garment Advice	8 Support Project	22,186 2,000	(21,762)	424 2,000
Covid-19 Social Enterprise	Support Fund	40,001	(40,001)
Sports Activator Post (LCC Tackling Inequalities)		3333	~923)	2,410
		365 695	~203 796	161,899
TOTAL FUNDS		567 376	~349,319)	219057

					Net	Transfers
					movement	between	At
				At 1.4.19 f	in funds f	funds f	31.3.20 f
Unrestricted funds
Activities for the provision		ofeducational,
social, welfare and	leisure	facilities		86,064	(114,438)	50,471	22,097
Designated- Programme		Support		22,004			22,004
Designated -Asset	replacement		fund	80,000			80,000
Designated - Transforming		Services		80,000		(40,000)	40,000
Designated - Adult	learning			27,022	45,209	(10,471)	61,760
Designated - Business support				45,743	(53,041)		(7,298)
Designated - Young	people support			14,285			14,285
				355,118	(122,270)		232,848
Restricted funds
Other external grants and		funding		1,792	(684)		1,108
Asset fund				5,353	(4,367)		986
Leicester Ageing Together				13,676	(2,419)		11,257
Power to Change Community Business
Grant				307,182	(8,845)		298,337
Children in Need				6,264	(3,967)		2,297
Community Development		Grant			33,650		33,650
Youth Employment	Support Programme				1,243		1,243
				334,267	14,611		348,878
TOTAL FUNDS				689.385	I107,659)		581,726

Comparative net m	ovemen	t	in funds, included in the ab	ove are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				F	F	F
Unrestricted funds
Activities for the provision		of	educational,
social, welfare and	leisure	facilities		109,775	(224,213)	(114,438)
Designated - Adult learning Designated - Business support				108,503	(63,294) ~53,041)	45,209 /53,041)
				218,278	(340,548)	(122,270)
Restricted funds
Other external grants and		funding		5,034	(5,718)	(684)
Asset fund					(4,367)	(4,367)
Leicester Ageing Together				12,985	(15,404)	(2,419)
Power to Change Community			Business
Grant					(8,845)	(8,845)
Children in Need				36,558	(40,525)	(3,967)
Community Development		Grant		46,860	(13,210)	33,650
Youth Employment	Support		Programme	13,813	~12,570)	1,243
				115,250	(100,639)	14,611
TOTAL FUNDS				333528	~441.187)	(107,659)

A current year 12 months	and pr	ior year 12 mont	hs combined posi	tion is as follows	:
				Net	Transfers
				movement	between	At
			At 1.4.19	in funds	funds	31.3.21
			E			F
Unrestricted funds
Activities for the provision	of educational,
social, welfare and leisure	facilities		86,064	(68,807)	326,041	343,298
Designated - Programme	Support		22,004			22,004
Designated -Asset replacement		fund	80,000		11,257	91,257
Designated - Transforming	Services		80,000		(40,000)	40,000
Designated - Adult learning			27,022	55,736	(10,471)	72,287
Designated - Business support			45,743	(53,041)		(7,298)
Designated - Young people support			14,285			14,285
			355,118	(66,112)	286,827	575,833
Restricted funds
Other external grants and	funding		1,792	(1,079)	15,144	15,857
Asset fund			5,353	(4,614)		739
Leicester Ageing Together			13,676	(2,419)	(11,257)
Power to Change Community Business
Grant			307,182	(8,845)	(298,337)
Children in Need			6,264	24,788	1,652	32,704
Community Development	Grant			15,144	(15,144)
Youth Employment Support Programme				(3,858)	6,722	2,864
Power to Change Community Business
Fund				152,559	14,393	166,952
Covid-19 National Lottery	Emergency
Funding				424		424
Leicester Garment Advice	8 Support Project			2,000		2,000
Sports Activator Post (LCC Tackling
Inequalities)				2,410		2,410
			334,267	176,510	(286,827)	223,950
TOTAL FUNDS			689,385	110,398		799,783

A current year 12 months follows:	and prior	year 12 months comb	ined net movement in fu	nds, included in th	e above are
			Incoming	Resources	Movement
			resources f	expended f	in funds f
Unrestricted funds
Activities for the provision	ofeducational,
social, welfare and leisure	facilities		263,385	(332,192)	(68,807)
Designated - Adult learning			156,574	(100,838)	55,736
Designated - Business support				~53.041)	~53,041)
			419,959	(486,071)	(66,112)
Restricted funds
Other external grants and	funding		6,034	(7,113)	(1,079)
Asset fund				(4,614)	(4,614)
Leicester Ageing Together			12,985	(15,404)	(2,419)
Power to Change Community Business
Grant				(8,845)	(8,845)
Children in Need			73,116	(48,328)	24,788
Community Development	Grant		46,861	(31,717)	15,144
Youth Employment Support Programme			21,390	(25,248)	(3,858)
Power to Change Community Business
Fund			178,038	(25,479)	152,559
Covid-19 Community Led	Recovery	Scheme	?5,001	(75,001)
Covid-19 National Lottery	Emergency
Funding			22,186	(21,762)	424
Leicester Garment Advice	8 Support	Project	2,000		2,000
Covid-19 Social Enterprise	Support	Fund	40,001	(40,001)
Sports Activator Post (LCC Tackling Inequalities)			3,333	~923)	2,410
			480,945	(304.435)	176,510
TOTAL FUNDS			900,904	(790,506)	110,398