2023-03-31-accounts - Highfields Community Association

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		Page
Reference and Administrative Details
Trustees' Report	2	Io 4
Independent Examiner's Report
Statement ofFinancial Activities
Statement ofFinancial Position	7	Io 8
Statement ofCash Flows
Notes tothe Statement ofCash Flows		10
Notes tothe Financial Statements	11	to 23

						31/3/23	31/3/22
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	6	E	f	E
INCOME AND ENDOWMENTS	FROM
Charitable activities
Incoming resources from charitable		activities		224,081	216,071	440,152	488,745
Other trading activities				198		200	256
Total				224,279	216,073	440,352	489,001
EXPENDITURE ON
Raising funds				160		160	482
Charitable activities
Costs ofcharitable activities				227,818	369,914	597,732	486,006
Total				227,978	369,914	597,892	486,488
NET INCOME/(EXPENDITURE)				(3,699)	(153,841)	(157,540)	2,513
Transfers between funds			15	(1,223)	1,222	(1)
Net movement in funds				(4,922)	(152,619)	(157,541)	2,513
RECONCILIATION OF FUNDS
Total funds brought forward				535,579	266,717	802,296	799,783
TOTAL FUNDS CARRIED FORWARD				530,657	114,098	644,755	802,296

				31/3/23	31/3/22
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	6	f	E	E
FIXEDASSETS
Tangible assets	12	323,494	35,717	359,211	365,489
CURRENT ASSETS
Debtors	13	31,281	49,375	80,656	48,234
Cash at bank and in hand		211,198	29321	240,519	478,153
		242,479	78,696	321,175	526,387
CREDITORS
Amounts falling due within one year	14	(35,313)	(318)	(35,631)	(89,580)
NET CURRENT ASSETS		207,166	78,378	285,544	436,807
TOTAL ASSETS LESSCURRENT
LIABILITIES		530,660	114,095	644,755	802,296
NETASSETS		530,660	114,095	644,755	802,296
FUNDS	15
Unrestricted funds				530,660	535,579
Restricted funds				114,095	266,717
TOTAL FUNDS				644,755	802,296

			31/3/23	31/3/22
		Notes	E	E
Cash flows from operating	activities
Cash generated from operations		1	(191,713)	50,964
Finance costs paid			(331)	(219)
Net cash (used in)/provided	by operating	activities	(192,044)	50,745
Cash flows from investing	activities
Purchase ofintangible fixed	assets		(2)
Purchase oftangible fixed assets			(46,588)	(47,975)
Sale oftangible fixed assets			1,000
Net cash used in investing activities			(45,590)	(47,975)
Change in cash and cash	equivalents
in the reporting period			(237,634)	2,770
Cash and cash equivalents	at the
beginning ofthe reporting	period		478,153	475,383
Cash and cash equivalents	at the end
ofthe reporting period			240,519	478,153

ACTIVITIES
						31/3/23	31/3/22
						6	6
Net (expenditure)/income		for the reporting		period (as per the
Statement of Financial Activities)						(157,540)	2,513
Adjustments for:
Depreciation charges						39,965	35,768
Loss on disposal offixed assets						11,902
Finance costs						331	219
(Increase)/decrease	in debtors					(32,422)	28,344
Decrease in creditors						(53,949)	(15,880)
Net cash (used in)/provided			by operations			(191,713)	50,964
ANALYSIS OF CHANGES		IN	NET FUNDS
				At	1.4.22	Cash flow	At 31.3.23
					6	6	5
Net cash
Cash at bank and in hand				478,153		(237,634)	240,519
				478,153		(237,634)	240,519
Total				478,153		(237,634)	240,519

Improvements to property	over lease term
Plant and machinery	10%on cost
Fixtures and fittings	15%on cost
Computer equipment	33%on cost

						31/3/23	31/3/22
			Unrestricted		Restricted	Total	Total
				funds	funds	funds	funds
				E	6	6
Bar and vending sales				198	2	200	256
INCOME	FROM CHARITABLE ACTIVITIES
						31/3/23	31/3/22
		Activity				6	6
		Incoming	resources	from charitable
Charitable	activities	activities				239,863	307,282
		Incoming	resources	from charitable
Grants		activities				200,289	181,463
						440,152	488,745

RAISING DON	ATI	ONS AND LEGACIES
					31/3/23	31/3/22
			Unrestricted	Restricted	Total	Total
			funds f	funds 6	funds 6	funds E
Barand vending	supplies		160		160	482
CHARITABLE	ACTIVITIES COSTS
				Direct	Support
				Costs (see	costs (see
				note 6)	note 7)	Totals
				6		6
Costs ofcharitable		activities		589,352	8,380	597,732

DIRECT COSTS O	F CH	ARITABLE ACTIVITIES
			31/3/23	31/3/22
			E
Staff costs			226,540	208,284
Rates and water			6,142	4,924
Insurance			14„040	13,492
Light and heat			50,189	&,842
Telephone			9,964	8,455
Postage and stationery			2,996	2,247
Repairs &maintenance			64,925	53,466
Other activity costs			28,699	21,785
Minibus expenses			1,086	420
Other travel costs			1,801	1,211
Legal fees			1„328	1,451
Professional and consultancy			24,313	26,256
Otherexpenses			8,837	7,147
Staff training				967
Venue hire			46,768	18,540
ITcosts			24,180	20,545
Programme delivery support			25,346	11,407
Depreciation			39,965	35,768
Loss on sale ofassets			11,902
Interest payable and similar charges			331	219
			589,352	480,426
SUPPORT COSTS
				Governance
				costs
				f
Costs ofcharitable	activities			8,380
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
			31/3/23	31/3/22
			6
Depreciation - owned assets			39,965	35,768
Deficit on disposal offixed		assets	11,902

STAFF CO	STS
					31/3/23	31/3/22
					E	E
Wages and	salaries				215,612	198,242
Socialsecurity costs					9„031	8,212
Other pension costs					1,897	1,830
					226,540	208,284
The average	monthly	number ofemployees		during the year was as follows:
					31/3/23	31/3/22
Community	Fund				17	17
No employees received emoluments			in excess off60,000.

No employees received emoluments in excess off60,000.	No employees received emoluments in excess off60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	funds E	funds E	fundsf
INCOME AND ENDOWMENTS	FROM
Charitable activities
Incoming resources from charitable
activities	182,800	305,945	488,745
Other trading activities	254		256
Total	183,054	305,947	489,001
EXPENDITURE ON
Raising funds	482		482
Charitable activities
Costs ofcharitable 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	(12,216)	12,216
Net movement in funds	(40,257)	42,770	2,513

11.	COINPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
			Unrestricted	Restricted	Total
			funds f	funds f	fundsf
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	575,833	223,950	799,783
	TOTAL FUNDS CARRIED FORWARD		535,576	266,720	802,296
12.	TANGIBLE FIXED	ASSETS
			Improvements		Fixtures
			to	Plant and	and
			property f	machinery f	fittings f
	COST
	At 1st April 2022		323,612	46,763	39,993
	Additions		21,914		24,674
	Dieposals		(14,260)
	At 31stMarch 2023		331,266	46,763	64,667
	DEPRECIATION
	At 1st April 2022		33,973	45,036	27,353
	Charge for year		7,942	557	5,455
	Eliminated on disposal		(1,358)
	At 31stMarch 2023		40,557	45,593	32,808
	NET BOOK VALUE
	At 31stMarch 2023		290,709	1,170	31,859
	At 31st March 2022		289,639	1,727	12,640

TANGIBLE FIXEDASSETS - continued
	Motor	Computer
	vehicles 6	equipment 6	Totals f
COST
At 1st April 2022	17,994	161,446	589„808
Additions			46,588
Disposals			(14,260)
At 31st March 2023	17,994	161,446	622,136
DEPRECIATION
At 1stApril 2022	2,699	115,257	224,318
Charge for year	2,294	23,717	39,965
Eliminated on disposal			(1,358)
At 31stMarch 2023	4,993	138,974	262,925
NET BOOK VALUE
At 31st March 2023	13,001	22,472	359,211
At 31st March 2022	15,295	46,189	365,490

DEBTORS:A	MOUNTS FALLING DUE WITHIN ONE Y	EAR
		31/3/23	31/3/22
		E	E
Trade debtors		28,486	26,062
Prepayments	and accrued income	52,170	22,172
		80,656	48,234

CREDITORS: AMOUNTS		FALL	ING DUE	WITHIN ONE Y	EAR
						31/3/23	31/3/22
						E	f
Trade creditors						9,546	3,676
Social security and other taxes						2,458	2,373
Other creditors						7,427	4,759
Accruals and deferred income						16,200	78,772
						35,631	89,580
MOVEMENT IN FUNDS
					Net	Transfers
					movement	between	At
				At 1.4.22	in funds	funds	31.3.23
					E	E
Unrestricted funds
Activities for the provision	of
educational, social, welfare		and	leisure
facilities				381,487	(3,696)	(1,223)	376,568
Designated -Programme	Support			22,004			22,004
Designated -Asset replacement			fund	81,257			81,257
Designated -Transforming		Services		36,000			36,000
Designated -Adult learning				14,831			14,831
				535,579	(3,696)	(1,223)	530,660
Restricted funds
Other external grants and	funding			6,323	4,000	(6,323)	4,000
Asset fund				492	(247)		245
Youth Employment Support
Programme					(1,506)	1,506
P2C Community Business	Fund			135,197	(87,549)		47,648
C-19National Lottery Emergency
Funding				424		(424)
Fashion-workers Advice Bureau
Leicester (FAB-L)				69,065	(25,448)		43,617
C-19Social Enterprise Support Fund					(3,044)	3,044
Sports Activator Post (LCC		Tackling
Inequalities)						(500)
C-19National Lottery Emergency
Funding				2,148	(5,969)	3,821
H-YIF (CiN-Inspiring Futures
Programme)				47,248	(47,176)		72
P2C Business Development		Support		5,320	(1,200)		4,120
Young Futures (Police Funding)
					14,393		14,393
Holiday Activities &Food Programme
				266,717	(153,844)	1,222	114,095
TOTAL FUNDS				802,296	(157,540)	(1)	644,755

Net movement in fu	nd	s, in	cluded in the above are	as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				E	5	8
Unrestricted funds
Activities for the provision			of
educational, social,	welfare		and leisure
facilities				224,279	(227,975)	(3,696)
Restricted funds
Other external grants		and funding		10,285	(6,285)	4,000
Asset fund					(247)	(247)
Youth Employment	Support
Programme				(1,506)		(1,506)
P2C Community Business			Fund	2	(87,551)	(87,549)
Fashion-workers Advice Bureau
I eicester (FAB-L)				52,710	(78,158)	(25,448)
C-19Social Enterprise		Support Fund		60,000	(63,044)	(3,044)
C-19National Lottery		Emergency
Funding					(5„969)	(5,969)
H-YIF (CiN-Inspiring	Futures
Programme)				13,329	(60,505)	(47,176)
P2C Business Development			Support		(1,200)	(1,200)
Digital Poverty Programme
				38,735	(38,735)
Power to Change - Core Funding				10,000	(10,000)
Young Futures (Police		Funding)
				19,768	(5,375)	14,393
Holiday Activities &	Food Programme
				12,750	(12,848)	(98)
				216,073	(369,917)	(153,844)
TOTAL FUNDS				440,352	(597,892)	(157,540)

					Net	Transfers
					movement	between	At
				At 1.4.21 E	in funds f	funds E	31.3.22 F.
Unrestricted funds
Activities for the provision	of
educational, social, welfare		and leisure
facilities				343,297	(14,492)	52,682	381,487
Designated - Programme	Support			22,004			22,004
Designated -Asset replacement			fund	91,257		(10,000)	81,257
Designated -Transforming		Services		40,000		(4,000)	36,000
Designated -Adult learning				72,288	(13,546)	(43,911)	14,831
Designated -Business support				(7,298)		7,298
Designated -Young people		support		14,285		(14,285)
				575,833	(28,038)	(12,216)	535,579
Restricted funds
Other external grants and	funding			15,857	(9,534)		6,323
Asset fund				739	(247)		492
Children in Need				32,704	(42,330)	9,626
Youth Employment Support
Programme				2,864	(5,454)	2,590
P2C Community Business	Fund			166,952	(31,755)		135,197
C-19National Lottery Emergency
Funding				424			424
Fashion-workers Advice Bureau
Leicester (FAB-L)				2,000	67,065		69,065
Sports Activator Post (LCC		Tackling
Inequalities) C-19National Lottery Emergency				2,410	(1,910)		500
Funding					2,148		2,148
H-YIF (CiN-Inspiring Futures
Programme)					47,248		47,248
P2C Business Development		Support			5,320		5,320
				223,950	30,551	12,216	266,717
TOTAL FUNDS				799,783	2,513		802,296

Comparative net m	ovement	in funds, included in t	he above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted funds
Activities for the provision of
educational, social,	welfare and leisure
facilities			167,345	(181,837)	(14,492)
Designated -Adult	learning		15,709	(29,255)	(13,546)
			183,054	(211,092)	(28,038)
Restricted funds
Other external grants and funding			7,046	(16,580)	(9,534)
Asset fund				(247)	(247)
Children in Need				(42,331)	(42,330)
Youth Employment	Support
Programme			24,748	(30,202)	(5,454)
P2C Community Business Fund			55,250	(87,005)	(31,755)
Fashion-workers Advice Bureau
Leicester (FAB-L)			104,499	(37,434)	67,065
Sports Activator Post (LCC Tackling
Inequalities)			1	(1,911)	(1,910)
P2C Community Business Fund			20,000	(20,000)
C-19National Lottery Emergency
Funding			16,095	(13,947)	2,148
H-YIF (CiN-Inspiding	Futures
Programme)			66,647	(19,399)	47,248
P2C Business Development		Support	11,660	(6,340)	5,320
			305,947	(275,396)	30,551
TOTAL FUNDS			489,001	(486,488)	2,513

					Nat	Transfers
					movement	between	At
				At 1.4.21 f	in funds f	funds f	31.3.23 f
Unrestricted funds
Activities for the provision of
educational, social,	welfare	and leisure
facilities				343,297	(18,188)	51,459	376,568
Designated - Programme Support				22,004			22,004
Designated -Asset	replacement		fund	91,257		(10,000)	81,257
Designated - Transforming		Services		40,000		(4,000)	36,000
Designated -Adult learning Designated -Business support				72,288 (7,298)	(13,546)	(43,911) 7,298	14,831
Designated -Young	people	support		14,285		(14,285)
				575,833	(31,734)	(13,439)	530,660
Restricted funds
Other external grants and funding				15,857	(5,534)	(6,323)	4,000
Asset fund				739	(494)		245
Children in Need				32,704	(42,330)	9,626
Youth Employment	Support
Programme				2,864	(6,960)	4,096
P2C Community Business		Fund		166,952	(119,304)		47,648
C-19National Lottery Emergency
Funding				424		(424)
Fashion-workers Advice Bureau
Leicester (FAB-L)				2,000	41,617		43,617
C-19Social Enterprise Support Fund					(3,044)	3,044
Sports Activator Post (LCC		Tackling
Inequalities)				2,410	(1,910)	(500)
C-19National Lottery Emergency
Funding					(3,821 )	3,821
H-YIF (CiN-Inspiring	Futures
Programme)					72		72
P2C Business Development		Support			4,120		4,120
Young Futures (Police Funding)
					14,393		14,393
Holiday Activities &	Food Programme
					(98)
				223,950	(123,293)	13,438	114,095
TOTAL FUNDS				799,783	(155,027)		644,755

A current year 12 mo above are as follows:	nths a	nd prior year 12 mont	hs combined net move	ment in funds,	included in t
			Incoming	Resources	Movement
			resources f	expended f	in funds f
Unrestricted funds
Activities for the provision of
educational, social, welfare and leisure
facilities			391,624	(409,812)	(18,188)
Designated -Adult learning			15,709	(29,255)	(13,546)
			407,333	(439,067)	(31,734)
Restricted funds
Other external grants	and funding		17,331	(22,865)	(5,534)
Asset fund				(494)	(494)
Children in Need				(42,331)	(42,330)
Youth Employment Support
Programme			23,242	(30,202)	(6,960)
P2C Community Business Fund			55,252	(174,556)	(119,304)
Fashion-workers Advice Bureau
Leicester (FAB-L)			157,209	(115,592)	41,617
C-19Social Enterprise	Support Fund		60,000	(63,044)	(3,044)
Sports Activator Post	(LCC Tackling
Inequalities)			1	(1,911)	(1,910)
P2C Community Business Fund			20,000	(20,000)
C-19National Lottery	Emergency
Funding			16,095	(19,916)	(3,821)
H-YIF (CiN-Inspiring Futures
Programme)			79,976	(79,904)	72
P2C Business Development		Support	11,660	(7,540)	4,120
Digital Poverty Programme
			38,735	(38,735)
Power to Change - Core Funding			10,000	(10,000)
Young Futures (Police	Funding)
			19,768	(5,375)	14,393
Holiday Activities &Food Programme
			12,750	(12,848)	(98)
			522,020	(645,313)	(123,293)
TOTAL FUNDS			929,353	(1,084,380)	(155,027)