**REGISTERED COMPANY NUMBER: 06078193 (England and Wales) REGISTERED CHARITY NUMBER: 1118624** ## **TRUSTEES' REPORT AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31ST MARCH 2022** ## **FOR** ## **HIGHFIELDS COMMUNITY ASSOCIATION** Watergates 109 Coleman Road Leicester Leicestershire LE5 4LE **HIGHFIELDS COMMUNITY ASSOCIATION** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022** **----- Start of picture text -----**
Page
Reference and Administrative Details 1
Trustees' Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Statement of Financial Position 7 to 8
Statement of Cash Flows 9
Notes to the Statement of Cash Flows 10
Notes to the Financial Statements 11 to 23
**----- End of picture text -----**
**HIGHFIELDS COMMUNITY ASSOCIATION** **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2022** **----- Start of picture text -----**
TRUSTEES Mr H S Jeffers - Director (resigned 17/11/2021)
Dr I Lightfoote - Director
Mr T S Naute - Director
Miss S G H Meman - Director (resigned 17/11/2021)
Mr R D Patel - Director
Ms W A Taylor - Director
Ms M Hingorani - Director
Mr A Burns - Director
COMPANY SECRETARY Mr C P Thamotheram
REGISTERED OFFICE Highfields Centre
96 Melbourne Road
Leicester
Leicestershire
LE2 0DS
REGISTERED COMPANY NUMBER 06078193 (England and Wales)
REGISTERED CHARITY NUMBER 1118624
INDEPENDENT EXAMINER Watergates
109 Coleman Road
Leicester
Leicestershire
LE5 4LE
**----- End of picture text -----**
-1- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2022** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2022. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and activities** Its mission is to help provide, develop and manage a family oriented community, sports and arts learning centre and to serve Leicester's (and now extended to Leicestershire's) population, with a particular emphasis as a community anchor organisation for the Highfields area wide communities. The charity continues to pursue these objectives by overseeing the working of Highfields Centre. Consistent with these objectives, the charity has continued to provide a wide range of programmes related to lifelong learning and community development throughout the year. The programmes include the provision of services in arts, sports, youth clubs, adult classes and advice work. During the last year and given the excellent platform provided by the EESE (Economic, Effective, Successional and Extendable) Measures we had previously implemented, we have continued to focus on developing the potential for boosting our self-generated income through venue hire and rentals. Stalwart elements of our services such as the youth work, adult education and sports have continued to be provided and enjoyed by our service users during the last year. However, the slow recovery from the pandemic and its related lockdown and collapse in confidence resulted in us having to take various measures to ensure a projected significant deficit was converted into a very modest surplus over the last year. ## **Public benefit** The trustees have referred to the information contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities, with all of the charity's expenditures being incurred in pursuit of its public benefit duties. Evidence of this benefit is continued to be demonstrated by the uptake of the charity's services by nearly 25,000 users (in 2020), with a substantial majority of those users from the local area. The range of services provided at Highfields Centre reflects the priority service needs for children, young people, elderly, adult learners, advice, arts, sports and community development, with these services provided over a seven day week (by arrangement) and over an extended year. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The achievements and performance of the charity in the year in overseeing the working of Highfields Centre has been coterminous with discussions with other public and voluntary sector agencies about effecting new service delivery partnerships. The completion of the Power to Change funded remodelling building work in 2018 provided a much-needed stimulus to achieving our objective of seeking economic independence through increasing our self-generated income. The growth in activities and income evidenced in 2019 was temporarily halted during the pandemic linked period, and it also resulted in us refocussing our work on health and wellbeing programmes. A major achievement during the year has been the setting up of our new FAB-L (Fashion workers Advice Bureau - Leicester), funded by both trade unions and clothing brands, and it has already made considerable positive differences to the lives of those workers! Through our EESE Measures and in recognising that we weren't able to directly provide all of the services at this Centre, TREC and Leicester Fitness Hub's relocation to Highfields Centre has been positive for both them and us. -2- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2022** ## **FINANCIAL REVIEW** ## **Principal funding sources** The charity's main income had been through its three different contracts with Leicester City Council. The cumulative loss of over £500,000 in contracted income during 2014/2015 had adversely impacted the level of reserves as well as the Association's financial standing and the trustees have continued to carefully consider the necessary actions in relation to ensuring not only its continued viability but also its renewal and development. The 2021/22 outturn, given the onset of the pandemic and the related lockdown has been remarkably good, especially as the trustees had envisaged a significant loss being incurred during that year, and had taken the necessary actions. This situation was also considerably aided by our successful funding applications towards the end of 2021. The trustees' actions has ensured we are well placed to negotiate our way forward and especially post the severe financial, organisational and programming challenges arising from the pandemic and the requirements for social distancing and rebuilding our service users confidence in returning to take up our services. ## **Reserves policy** In accordance with Association's reserves policy and taking account of the trading surplus experienced during the 2020/21 year, the trustees have effected appropriate changes to the Association's designated funds, including the Asset Replacement Fund, Programme Support Fund and Transforming Services Fund. ## **Going concern** The Governing Body has considered the impact of COVID-19 in relation to their assessment of going concern and in their opinion they have taken all reasonable steps to mitigate these factors. As at the point of authorising the accounts, and for the foreseeable future, the Governing Body considers the going concern assumption to still be appropriate. They acknowledges that given the currently rapidly changing social environment including regular identification of new variants of COVID-19, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the Governing Body to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time. The Governing Body has reviewed future projections, which they feel adequately reflect the current uncertain economic environment. After considering all relevant uncertainties, the Governing Body has a reasonable expectation that there will be sufficient cash resources generated from its operations to enable the charitable company to continue in operation for at least 12 months from the signing date of these financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. ## **FUTURE PLANS** The charity's plans for the future will be closely related to the fuller development of all the new services at the centre and to complete the replacement of the discontinued Leicester City Council services at this Centre, whilst at the same time providing the necessary infrastructure and systems to enable its smooth and effective operation and to manage the transition occasioned by the local authority's funding decisions. The charity's updated Strategic Plan has been successfully updated and it was the a key element for consideration at the last Strategic Review Day when the Trustees met with the Centre's staff to consider key priorities and developments for the forthcoming year. With the charity established in 1972 and now in its 50th Anniversary Year. it has become well established, respected and trusted by not only its staff and service users but also a range of local, regional, national and international partners. The pace of this recognition has increased over the last decade and is reflected in the charity's increasingly recognised status as partner of first choice for many community development related service provision. The trustees are satisfied that the charity is very well placed to further enhance its provision of much needed services in the coming years through its already well-established role in accessing non-local authority external funding contracts as a member of several different service consortiums. For these reasons, the trustees believe the charity is very definitely a 'going concern.' -3- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2022** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charitable company was incorporated on 1st February 2007 and is governed by the memorandum and articles of association updated on 17th February 2016. The charitable company commenced activities on 1st October 2007. ## **Recruitment and appointment of new trustees** The Trustees will be appointed by election at the Annual General Meeting. ## **Organisational structure** The charity is organised operationally on a day-to-day basis by the Head of Centre and the charitable company is monitored via bi-monthly governing body and appropriate work groups as required. Approved by order of the board of trustees on 23rd July 2022 and signed on its behalf by: Mr C P Thamotheram - Secretary -4- **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HIGHFIELDS COMMUNITY ASSOCIATION** ## **Independent examiner's report to the trustees of Highfields Community Association ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2022. ## **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 registered member of ACCA 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. Nazir Malida FCCA Watergates 109 Coleman Road Leicester Leicestershire LE5 4LE 23rd July 2022 -5- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022** |**31/3/22**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**-**
**-**
**-**
**Charitable activities**
4
Incoming resources from charitable activities
**182,800**
**305,945**
**488,745**
Other trading activities
3
**254**
**2**
**256**
**Total**
**183,054**
**305,947**
**489,001**
**EXPENDITURE ON**
Raising funds
5
**482**
**-**
**482**
**Charitable activities**
6
Costs of charitable activities
**210,613**
**275,393**
**486,006**
**Total**
**211,095**
**275,393**
**486,488**
**NET INCOME/(EXPENDITURE)**
**(28,041)**
**30,554**
**2,513**
**Transfers between funds**
16
**(12,216)**
**12,216**
**-**
**Net movement in funds**
**(40,257)**
**42,770**
**2,513**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**575,833**
**223,950**
**799,783**
**TOTAL FUNDS CARRIED FORWARD**
**535,576**
**266,720**
**802,296**|**31/3/21**
**Total**
**funds**
**£**
98,966
468,410
-
567,376
-
349,319
349,319
218,057
-
218,057
581,726
799,783| |---|---| The notes on page 0 form part of these financial statements -6- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **STATEMENT OF FINANCIAL POSITION 31ST MARCH 2022** |**Notes**
**FIXED ASSETS**
Tangible assets
13
**CURRENT ASSETS**
Debtors
14
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**Unrestricted**
**funds**
**£**
**304,003**
**21,774**
**236,631**
**258,405**
**(26,829)**
**231,576**
**535,579**
**535,579**|**Restricted**
**funds**
**£**
**61,486**
**26,460**
**241,522**
**267,982**
**(62,751)**
**205,231**
**266,717**
**266,717**|**31/3/22**
**Total**
**funds**
**£**
**365,489**
**48,234**
**478,153**
**526,387**
**(89,580)**
**436,807**
**802,296**
**802,296**
**535,579**
**266,717**
**802,296**|**31/3/21**
**Total**
**funds**
**£**
353,282
76,578
475,383
551,961
(105,460)
446,501
799,783
799,783
575,833
223,950
799,783| |---|---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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. The notes on page 0 form part of these financial statements -7- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **STATEMENT OF FINANCIAL POSITION - continued 31ST MARCH 2022** 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 23rd July 2022 and were signed on its behalf by: Dr I Lightfoote - Trustee The notes on page 0 form part of these financial statements -8- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2022** |**Notes**
**Cash flows from operating activities**
Cash generated from operations
1
Finance costs paid
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash used in investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**31/3/22**
**£**
**50,964**
**(219)**
**50,745**
**(47,975)**
**(47,975)**
**2,770**
**475,383**
**478,153**|**31/3/21**
**£**
270,594
(208)
270,386
(51,438)
(51,438)
218,948
256,435
475,383| |---|---|---| The notes on page 0 form part of these financial statements -9- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2022** ## **1.** ## 2. |**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
**31/3/22**
**31/3/21**
**£**
**£**
**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**2,513**
218,057
**Adjustments for:**
Depreciation charges
**35,768**
21,642
Finance costs
**219**
208
Decrease/(increase) in debtors
**28,344**
(53,165)
(Decrease)/increase in creditors
**(15,880)**
83,852|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
**31/3/22**
**31/3/21**
**£**
**£**
**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**2,513**
218,057
**Adjustments for:**
Depreciation charges
**35,768**
21,642
Finance costs
**219**
208
Decrease/(increase) in debtors
**28,344**
(53,165)
(Decrease)/increase in creditors
**(15,880)**
83,852| |---|---| |**Net cash provided by operations**|**50,964**
270,594| |**ANALYSIS OF CHANGES IN NET FUNDS**
**At 1.4.21**
**£**
**Net cash**
Cash at bank and in hand
**475,383**|**Cash flow**
**At 31.3.22**
**£**
**£**
**2,770**
**478,153**| |**475,383**|**2,770**
**478,153**| |**Total**
**475,383**|**2,770**
**478,153**| The notes on page 0 form part of these financial statements -10- **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022** ## **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. ## **GOVERNMENT GRANTS** Where grants received do not impose specified future performance-related conditions these are recognised under the performance model and the income recognised in the statement of financial activities when the grant proceeds are considered to be received or receivable. Any government grants received during the year are recognised under performance model. ## **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 - over lease term Plant and machinery - 10% on cost Fixtures and fittings - 15% on cost Computer equipment - 33% on cost ## **TAXATION** The charity is exempt from corporation tax on its charitable activities. ## **FUND ACCOUNTING** The funds of the Association have been segregated as follows: Restricted funds consist of grants and donations, for which the grant providing authorities and donors has specified the purpose for which the resources can be utilised. Unrestricted general funds represent income which is expendable at the discretion of the trustees in the furtherance of the objects of the charity. Unrestricted designated funds represent amounts that have been put aside at the discretion of the trustees out of unrestricted general funds for specific purposes or projects. Transfers are made between funds where there is a release of restricted funds to unrestricted general and designated funds or charges are made between funds. -11- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** **----- Start of picture text -----**
2. DONATIONS AND LEGACIES
31/3/22 31/3/21
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Government Job Retention Schem e - - - 93,355
- - -
LCC Covid Support Fund 5,611
- - -
98,966
3. OTHER TRADING ACTIVITIES
31/3/22 31/3/21
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Bar and vending sales 254 2 256 -
4. INCOME FROM CHARITABLE ACTIVITIES
31/3/22 31/3/21
Activity £ £
Charitable activities Incoming resources from charitable activities 307,282 128,398
Grants Incoming resources from charitable activities 181,463 340,012
488,745 468,410
5. RAISING FUNDS
RAISING DONATIONS AND LEGACIES
31/3/22 31/3/21
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Bar and vending supplies 482 - 482 -
**----- End of picture text -----**
-12- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** |**6.**
**CHARITABLE ACTIVITIES COSTS**
Costs of charitable activities
**7.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Repairs & maintenance
Other activity costs
Minibus expenses
Other travel costs
Legal fees
Professional and consultancy
Other expenses
Staff training
Venue hire
IT costs
Programme delivery support
Depreciation
Interest payable and similar charges
**8.**
**SUPPORT COSTS**|**Direct**
**Costs (see**
**note 7)**
**£**
**480,426**|**Support**
**costs (see**
**note 8)**
**£**
**5,580**
**31/3/22**
**£**
**208,284**
**4,924**
**13,492**
**43,842**
**8,455**
**2,247**
**53,466**
**21,785**
**420**
**1,211**
**1,451**
**26,256**
**7,147**
**967**
**18,540**
**20,545**
**11,407**
**35,768**
**219**
**480,426**|**Totals**
**£**
**486,006**
**31/3/21**
**£**
181,533
3,550
11,232
35,382
5,250
1,624
30,603
7,369
490
85
298
17,410
3,810
4,690
-
11,077
5,326
21,642
208
341,579| |---|---|---|---| Costs of charitable activities **Governance costs £ 5,580** -13- **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **9. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): **----- Start of picture text -----**
|||| |---|---|---| |31/3/22|31/3/21| |£|£| |Depreciation - owned assets|35,768|21,642| **----- End of picture text -----**
## **10. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021. ## **11. STAFF COSTS** ## **12.** **----- Start of picture text -----**
||||| |---|---|---|---| |31/3/22|31/3/21| |£|£| |Wages and salaries|198,242|175,725| |Social security costs|8,212|4,366| |Other pension costs|1,830|1,442| |208,284|181,533| |The average monthly number of employees during the year was as follows:| |31/3/22|31/3/21| |Community Fund|17|20| |No employees received emoluments in excess of £60,000.| |COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |-| |Donations and legacies|98,966|98,966| |Charitable activities| |Incoming resources from charitable activities|102,718|365,692|468,410| |Other trading activities|(3)|3|-| |Total|201,681|365,695|567,376| **----- End of picture text -----**
-14- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** **----- Start of picture text -----**
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
EXPENDITURE ON
Charitable activities
Costs of charitable activities 145,524 203,795 349,319
NET INCOME 56,157 161,900 218,057
Transfers between funds 286,827 (286,827) -
Net movement in funds 342,984 (124,927) 218,057
RECONCILIATION OF FUNDS
Total funds brought forward 232,848 348,878 581,726
TOTAL FUNDS CARRIED FORWARD 575,832 223,951 799,783
13. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£ £ £
COST
At 1st April 2021 323,612 46,763 29,732
Additions - - 10,261
At 31st March 2022 323,612 46,763 39,993
DEPRECIATION
At 1st April 2021 26,268 44,479 25,551
Charge for year 7,705 557 1,802
At 31st March 2022 33,973 45,036 27,353
NET BOOK VALUE
At 31st March 2022 289,639 1,727 12,640
At 31st March 2021 297,344 2,284 4,181
**----- End of picture text -----**
-15- ## **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **13. TANGIBLE FIXED ASSETS - continued** |**COST**
At 1st April 2021
Additions
At 31st March 2022
**DEPRECIATION**
At 1st April 2021
Charge for year
At 31st March 2022
**NET BOOK VALUE**
At 31st March 2022
At 31st March 2021|**Motor**
**vehicles**
**£**
**-**
**17,994**
**17,994**
**-**
**2,699**
**2,699**
**15,295**
-|**Computer**
**equipment**
**£**
**141,725**
**19,720**
**161,445**
**92,252**
**23,005**
**115,257**
**46,188**
49,473|**Totals**
**£**
**541,832**
**47,975**
**589,807**
**188,550**
**35,768**
**224,318**
**365,489**
353,282| |---|---|---|---| The property occupied by the Association is leased from Leicester City Council. The leasehold property was valued by an independent valuer Spencers Druce Naylor Parkes on 10 October 2017. The lease under which the property is held specifically states that no premium is payable on any sale and as a result of this there would be nil value of the leasehold interest on the open market. However the leasehold interest was valued for internal purposes only on the basis of potential income flows capitalised over the outstanding lease period. On this basis, the value of leasehold interest for internal purposes subject to the existing/potential lettings was valued at £1,100,000 with an aggregate market rental value of £220,185 per annum exclusive. ## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade debtors
Other debtors
Prepayments and accrued income|**31/3/22**
**31/3/21**
**£**
**£**
**26,062**
33,133
**-**
1,920
**22,172**
41,525| |---|---| ||**48,234**
76,578| -16- **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income|**31/3/22**
**£**
**3,676**
**2,373**
**4,759**
**78,772**
**89,580**|**31/3/21**
**£**
3,043
2,276
5,991
94,150
105,460| |---|---|---| ## **16. MOVEMENT IN FUNDS** |**Unrestricted funds**
Activities for the provision of educational,
social, welfare and leisure facilities
Designated - Programme Support
Designated - Asset replacement fund
Designated - Transforming Services
Designated - Adult learning
Designated - Business support
Designated - Young people support
**Restricted funds**
Other external grants and funding
Asset fund
Children in Need
Youth Employment Support Programme
P2C Community Business Fund
C-19 National Lottery Emergency Funding
Fashion-workers Advice Bureau Leicester
(FAB-L)
Sports Activator Post (LCC Tackling
Inequalities)
C-19 National Lottery Emergency Funding
H-YIF (CiN-Inspiring Futures Programme)
P2C Business Development Support
**TOTAL FUNDS**|**At 1.4.21**
**£**
**343,297**
**22,004**
**91,257**
**40,000**
**72,288**
**(7,298)**
**14,285**
**575,833**
**15,857**
**739**
**32,704**
**2,864**
**166,952**
**424**
**2,000**
**2,410**
**-**
**-**
**-**
**223,950**
**799,783**|**Net**
**movement**
**in funds**
**£**
**(14,492)**
**-**
**-**
**-**
**(13,546)**
**-**
**-**
**(28,038)**
**(9,534)**
**(247)**
**(42,330)**
**(5,454)**
**(31,755)**
**-**
**67,065**
**(1,910)**
**2,148**
**47,248**
**5,320**
**30,551**
**2,513**|**Transfers**
**between**
**funds**
**£**
**52,682**
**-**
**(10,000)**
**(4,000)**
**(43,911)**
**7,298**
**(14,285)**
**(12,216)**
**-**
**-**
**9,626**
**2,590**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**12,216**
**-**|**At**
**31.3.22**
**£**
**381,487**
**22,004**
**81,257**
**36,000**
**14,831**
**-**
**-**
**535,579**
**6,323**
**492**
**-**
**-**
**135,197**
**424**
**69,065**
**500**
**2,148**
**47,248**
**5,320**
**266,717**
**802,296**| |---|---|---|---|---| -17- **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **16. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
Activities for the provision of educational,
social, welfare and leisure facilities
Designated - Adult learning
**Restricted funds**
Other external grants and funding
Asset fund
Children in Need
Youth Employment Support Programme
P2C Community Business Fund
Fashion-workers Advice Bureau Leicester
(FAB-L)
Sports Activator Post (LCC Tackling
Inequalities)
P2C Community Business Fund
C-19 National Lottery Emergency Funding
H-YIF (CiN-Inspiring Futures Programme)
P2C Business Development Support
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
**167,345**
**15,709**
**183,054**
**7,046**
**-**
**1**
**24,748**
**55,250**
**104,499**
**1**
**20,000**
**16,095**
**66,647**
**11,660**
**305,947**
**489,001**|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
**(181,837)**
**(14,492)**
**(29,255)**
**(13,546)**
**(211,092)**
**(28,038)**
**(16,580)**
**(9,534)**
**(247)**
**(247)**
**(42,331)**
**(42,330)**
**(30,202)**
**(5,454)**
**(87,005)**
**(31,755)**
**(37,434)**
**67,065**
**(1,911)**
**(1,910)**
**(20,000)**
**-**
**(13,947)**
**2,148**
**(19,399)**
**47,248**
**(6,340)**
**5,320**
**(275,396)**
**30,551**
**(486,488)**
**2,513**| |---|---|---| -18- **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **16. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
Activities for the provision of educational,
social, welfare and leisure facilities
Designated - Programme Support
Designated - Asset replacement fund
Designated - Transforming Services
Designated - Adult learning
Designated - Business support
Designated - Young people support
**Restricted funds**
Other external grants and funding
Asset fund
Leicester Ageing Together
P2C Community Business Grant
Children in Need
Community Development Grant
Youth Employment Support Programme
P2C Community Business Fund
C-19 National Lottery Emergency Funding
Fashion-workers Advice Bureau Leicester
(FAB-L)
Sports Activator Post (LCC Tackling
Inequalities)
**TOTAL FUNDS**|**At 1.4.20**
**£**
22,096
22,004
80,000
40,000
61,761
(7,298)
14,285
232,848
1,108
986
11,257
298,337
2,297
33,650
1,243
-
-
-
-
348,878
581,726|**Net**
**movement**
**in funds**
**£**
45,631
-
-
-
10,527
-
-
56,158
(395)
(247)
-
-
28,755
(18,506)
(5,101)
152,559
424
2,000
2,410
161,899
218,057|**Transfers**
**between**
**funds**
**£**
275,570
-
11,257
-
-
-
-
286,827
15,144
-
(11,257)
(298,337)
1,652
(15,144)
6,722
14,393
-
-
-
(286,827)
-|**At**
**31.3.21**
**£**
343,297
22,004
91,257
40,000
72,288
(7,298)
14,285
575,833
15,857
739
-
-
32,704
-
2,864
166,952
424
2,000
2,410
223,950
799,783| |---|---|---|---|---| -19- **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **16. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
Activities for the provision of educational,
social, welfare and leisure facilities
Designated - Adult learning
**Restricted funds**
Other external grants and funding
Asset fund
Children in Need
Community Development Grant
Youth Employment Support Programme
P2C Community Business Fund
Covid-19 Community Led Recovery
Scheme
C-19 National Lottery Emergency Funding
Fashion-workers Advice Bureau Leicester
(FAB-L)
C-19 Social Enterprise Support Fund
Sports Activator Post (LCC Tackling
Inequalities)
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
153,610
48,071
201,681
1,000
-
36,558
1
7,577
178,038
75,001
22,186
2,000
40,001
3,333
365,695
567,376|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(107,979)
45,631
(37,544)
10,527
(145,523)
56,158
(1,395)
(395)
(247)
(247)
(7,803)
28,755
(18,507)
(18,506)
(12,678)
(5,101)
(25,479)
152,559
(75,001)
-
(21,762)
424
-
2,000
(40,001)
-
(923)
2,410
(203,796)
161,899
(349,319)
218,057| |---|---|---| -20- **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **16. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
Activities for the provision of educational,
social, welfare and leisure facilities
Designated - Programme Support
Designated - Asset replacement fund
Designated - Transforming Services
Designated - Adult learning
Designated - Business support
Designated - Young people support
**Restricted funds**
Other external grants and funding
Asset fund
Leicester Ageing Together
P2C Community Business Grant
Children in Need
Community Development Grant
Youth Employment Support Programme
P2C Community Business Fund
C-19 National Lottery Emergency Funding
Fashion-workers Advice Bureau Leicester
(FAB-L)
Sports Activator Post (LCC Tackling
Inequalities)
C-19 National Lottery Emergency Funding
H-YIF (CiN-Inspiring Futures Programme)
P2C Business Development Support
**TOTAL FUNDS**|**At 1.4.20**
**£**
22,096
22,004
80,000
40,000
61,761
(7,298)
14,285
232,848
1,108
986
11,257
298,337
2,297
33,650
1,243
-
-
-
-
-
-
-
348,878
581,726|**Net**
**movement**
**in funds**
**£**
31,139
-
-
-
(3,019)
-
-
28,120
(9,929)
(494)
-
-
(13,575)
(18,506)
(10,555)
120,804
424
69,065
500
2,148
47,248
5,320
192,450
220,570|**Transfers**
**between**
**funds**
**£**
328,252
-
1,257
(4,000)
(43,911)
7,298
(14,285)
274,611
15,144
-
(11,257)
(298,337)
11,278
(15,144)
9,312
14,393
-
-
-
-
-
-
(274,611)
-|**At**
**31.3.22**
**£**
381,487
22,004
81,257
36,000
14,831
-
-
535,579
6,323
492
-
-
-
-
-
135,197
424
69,065
500
2,148
47,248
5,320
266,717
802,296| |---|---|---|---|---| -21- **HIGHFIELDS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **16. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Incoming**
**resources**
**£**
**Unrestricted funds**
Activities for the provision of educational,
social, welfare and leisure facilities
320,955
Designated - Adult learning
63,780
384,735
**Restricted funds**
Other external grants and funding
8,046
Asset fund
-
Children in Need
36,559
Community Development Grant
1
Youth Employment Support Programme
32,325
P2C Community Business Fund
233,288
Covid-19 Community Led Recovery
Scheme
75,001
C-19 National Lottery Emergency Funding
22,186
Fashion-workers Advice Bureau Leicester
(FAB-L)
106,499
C-19 Social Enterprise Support Fund
40,001
Sports Activator Post (LCC Tackling
Inequalities)
3,334
P2C Community Business Fund
20,000
C-19 National Lottery Emergency Funding
16,095
H-YIF (CiN-Inspiring Futures Programme)
66,647
P2C Business Development Support
11,660
671,642
**TOTAL FUNDS**
1,056,377|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(289,816)
31,139
(66,799)
(3,019)
(356,615)
28,120
(17,975)
(9,929)
(494)
(494)
(50,134)
(13,575)
(18,507)
(18,506)
(42,880)
(10,555)
(112,484)
120,804
(75,001)
-
(21,762)
424
(37,434)
69,065
(40,001)
-
(2,834)
500
(20,000)
-
(13,947)
2,148
(19,399)
47,248
(6,340)
5,320
(479,192)
192,450
(835,807)
220,570| |---|---| -22- **HIGHFIELDS COMMUNITY ASSOCIATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022** ## **17. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st March 2022. -23-