REGISTERED COMPANY NUMBER: 06078193 (England and Wales) REGISTERED CHARITY NUMBER: 1118624 TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 FOR HIGHFIELDS COMMUNrrY ASSOCIATION Watergates 109 Coleman Road Leicester Leic£stershire LE5 4LE HIGHFIELDS COlImu￿ry ASSOCIATION coi¥rEp¥fs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST IAARCH 2Q24 Pago Refernnce and Adminislrative Delails Trustees. Report 2 to 4 Indapandont Examinefs Report Statement of Flnanclal Actmtles blatsmant ol Flnanclal Posltlon 7 10 8 Slatemenl of Cash Flows Notes to the SL*ement of Cash Flow6 10 Notes to Ihe Financial Statements 12 to 25 HIGHFIELDS COMMUNrrY ASSOCIATION REFERENCE AND ADMINISTrATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2024 TRUSTEES Dr l Lighffoote - Director (resigned 1510412024) Mr T S Naute - Director Mr R D Pat81- Director Ms W A Taylor- Direclc Ms M Hingorani - Director Mr A Bums- Director Ms A D Flahety- Direclor Ms H M Lenlell - Director Ms U M Dakri - Director COMPANY SECREfARY Mr C P Thamotheram REGISTERED OFFICE Highfelds Centre 96 Melbcwme Road Leicestershire LE2 ODS REGISTERED COMPANY NUMBER 06078193 (England and Wales) REGISTERED CHARrrY NUMBER 1118624 INDEPENDEKf EXAMINER Watergales 109 Cdeman Road Leicester Leicestershire LE5 4LE HIGHFIELDS COMUUNrrY ASSOCIATK)N TRUSTEES. REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The Irustees who are also dyectors of Ihe charity for the pury)oses of the Comp￿leS Act 2006. present Iheir report with the financial statements of the charity for the year ended 31st March 2024. The trustees have a(knpted the provisions of A￿￿nting and Reporting by Charities: Statement of Recommernled Practlce applicable to charities prepar￿￿ their accounts in acc(￿dan￿ with the FIr￿ncl81 ReprytirwJ Stsndard applicatAe in the UK arKI Rewblic of Ireland (FRS 102) {eff￿live 1 January 2019). OBJECTIVES AND ACTivmES Its mission is to help provwje. develop and manage a famity orienled (x)mmunty. sports and arts learrmng <￿tre and to serve Leicesle¢s (and rM)w extended to Leice5ter5hire¥) ￿pulatIOn. a par1￿lar empTrHss as (xxnmunty anthor Ixganisal*)n for the Highfields area wide rA)mmunities. The charity Contir￿eS to pU￿ue these [*4￿￿VeS by ovetseeiry Ihe workirKJ of Highr￿IdS Centre. Consistent with these Objecti￿￿. the charity has continued to rmvide a wide range of pr0grarnn￿ rela￿ to lrfelong leamr)g and cOmm￿ty deveknw￿t throughout the year. The programmes include the provision of services in arts. swrts. youth ¢￿b$. adult dasses and advice work. During the last year and given the excellent platfomi provided by the EESE (Economic, Effective, Success#Mal ar#J ExterKJable) Measures we had previousty implemenled, we have conlinued to focus on developing the potential for boosting our self-generated income through venue hire and ￿ntaI$. Stalwart elements of our such as the youth worK adult education and stMNts have continued to be provided and enjoyed by ￿r Ser¥￿e users during last year. However, th8 sknv r8COV8ry from the pandemic and its related loc*down and collapse in fJ)nfKlence and Ihe nTh)re recent cost of livirvJ crisis and energy price increases resulted in us ha￿ng to take vari(ws measures to minimise proiecAed significant defficit over the last year. Public benefft The twstees have referred lo the informalK>n contained in the Charity Commission's general guKlance on put4ic benefit when reviewing our and objectives arwj in plann*￿ our fu￿re activilies. wilh all of the chaitrfs expendilures be1￿j incuffed in pursuit of its public benefit dulles. Evidence of this benefft is (x)ntinued to be demonstrated by the uptake of the tharilrfs servKes by just over 53.000 user5 (in 2022k with a substanlial majority of those users from the local area. The range of services provided at Highfielts Centre reflects the priority serrf1￿ needs for children. young people. elderly. aduli leamws. advre. ￿ts. stMNts and community development, with these Servi￿ provided over a seven day week (by arrarKJemenl) over an extended year. ACHIEVEMENT AND PERFORMANCE Charitable actlvitles The achievements and p￿ance of the charity in the year in overseeing the working of Highfields Centre has been cotemil￿uS with dbscussions with other pthliG and voluntary S￿>r ajencies abLwI effecting new servic8 delivery partwships. The (xxwletion of the Power to ChaNJe funded renKKleling building 2018 provided a muCh￿eetsd slwnulus to achieviry our obiecbve of seekir¥J economic Independe￿ through incxe&siry our self-generated income. Our new FAB-L {Fashion ￿rkerS Advice Bureau - LeIr￿ter). funded by both traje unions and (kniro brands has alre&Jy made considerable positive differences to Ihe lives of I￿al gar￿￿1t workers! Through our EESE Measures and in recognising that we werenl able to dwectly provKle all of the services at this Centre. Iwo more spaces have been sublet to other partner age￿leS (feskay Homecare and Karibuni Café). HIGHFIELDS COMMUNtrY ASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2024 FINANCIAL REVIEW Principal funding sources The chariiys main income had been through its three different contracts with Leicester Cty Council. The C4Jmulative loss of over £500.000 in contracted income during 201412015 had adversely impacted the level of resenw as well as the Association's financial standing and the trustees have continued to carefully consider Ihe necessary actions in relation to ensuring not only its continued viability but also ts renewal and developmenL The 20231Y wttum. given the ongoing finan(#al challenges has been remarkably good. especially as the Irustees had envisaged a S￿n[ficant loss beirvJ incurred during that year. and had taken the necessary aclions. This sibjation was also considarabty aided by our successfvl funding applI¢￿tionS to BBC Children in Ne8d Core (*nts and Henry Smith Charity. with both contrilxAing to offsetting our core costs. Th8 trustees. actions has ensured we are well placed to negotiat8 our way fowrd and especialty post the severe financial. organisational and programming challenges arising from the ongoing financial challenges. Reserves pollcy In accordance with Association's reserves Oicy and laking account of the outturn experienced during the 2023124 year. the trustees have effected appropriate changes to the Association's designated funds, including the knet Replacement Fund, Programm8 Support Fund and Transfomiing Services Fund. Going concern The Goveming Body has considered the impact of COVltk19 in relation to their assessment of going o)ncem and in their opinion they have taken all reasonable sleps to mibgate these factors. As at the point of authorising the acu)unts. and for the foreseeable future. the Goveming Body considers the going concem assumption to still appropriate. They acknowledges that given the CUTrenty rapidty changing ￿)cial environment including regular identification of new variants of COVID-19. there are likely to be significant unknown factors which may pregent themsefves. Suth factors are considered by Ihe Governi￿ Body to represent a general inherent level of Tisk in relation to the going concern assumption albeit not quantifiable at this lime. The Governing Body has rthiiewed future projeC￿ns. which they feel adequately refiect the current uncertain economic 8nvironmenL Aft8r considering all r818vant uncertainties, the Governing Body has a reasonable 8XP8Ctation that th8re will b8 sufficient cash r8sourc8s generated from its operations to enable the charitable cxThpany to continu8 in op8ration for at least 12 months fn)m the signing date of th8S8 financial statements. Thus. they ry)ntinue to adopt the going concem basis of acccwnting in preparing the annual financial statements. HIGHFELDS COMIIiUNrrY ASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31ST laARCH 20 FUTURE PLANS The chariws plans for the fvture will be closely related to the fuller devel(VTEnt of all the new Ser4￿ at the centre and to complete Ihe replacement of Ihe ([￿x)ntinUed Le￿ester Cty Council servw at this Centre. whilst at same lime providirwJ the necessary infrastfucknre and systems to enable its smooth and effective operation and to manage the transition {￿S￿)ned by the local aulhoriiys fiJndir¥J decisi￿. The charitls updated SlJ*gK Plan has been SUC￿&￿fil1Y utxlated and it was the a key element for c¢￿s￿le[abOn at th8 lasl Strategic Review Day when the T￿￿t￿8 met with th8 Centre's staff to CA)nsits key pr￿lI￿S and developments ts the forthcoming year. Wrth the ch• estsb￿￿d in 1972 and having celebr* its 50th AMiver3ary in October 2022. It has b8come well established. respected and trusted by rH)t onty its staff and Servi￿ users but also a r8ng8 of kncal, regional. nalional and inlemational partners. The pace of this récognilion has in￿eased over the last decade and is rellected in the charivs in¢r8asiNJty recogrised sLgtus as the partner of fwsl choice for many ￿rnUnty This is ￿derpInned by the trustees and staff r¥)w aclivdy puwing Maj￿ developments at this Centre. induding the Heritage I￿paCt Centre and the installalion of solar panels and the setting up of a roof garden. The trustees are satisfied that the charity is very well tlaced to furtP£r ￿han￿ its provis￿ of much needed Serv￿ in the coming years through its already welkstablished rde in accesswry norFkThl authority extemal funding c￿￿raCts as a member of sevex81 different tArvic£2 cortsortiums. For tlwe reasons. the I￿￿teeS believe th8 charity is very definitely a 'going concem.. STRUCTURE. GOVERNANCE AND MANAGEMENT d)aritable Comp￿ry vas inc(w￿ed on 1st Felyuary 21X)7 and is ￿Med by the memorandum and articl8s of association utxjated on 17th Felyuary 2016. The tharilable rJ)mpany CA)mmwced activibes on 1st Recruitment and appoin1n￿rt of new trustees The Trustees will be apw)inted by election at Ihe Annual Genernl Meeting. The tharity (￿lSed op8ratrmalty on a day-lTrday basis by th8 Head of Centre and th8 charitabl8 company is monitored via bi4nonthty 9)verning bcmty and appr(yiate work groups as required. Approved by order of the board of trustees ... . . 1.7.. -wy l473tr........ and signed on lis behalf by: hamothera retary INDEPENDENT EXAmINE￿s REPORT TO THE TRUSTEES OF HIGHFIELDS COMMUNrrY ASSOCIATION Independenl examinerfs report to the trustees of Highfields Community Assoclatlon fihe Compan￿1 I report to the charity trustees on my examination of the &counts of the Company for the year 8nded 31st March 2024. Responslbllltles and basis of roport As the charitys 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 requirem8nts of th8 Companies Act 2006 he 20￿ ACV). Having satisfied myself that th8 a¢counts of the Company are not required to be audited under Part 16 of the 2[￿ Aci and are eligible for independent axaminalion. I rekK)rt In respect of my examination of your charitsls accounts as carried out under Section 145 of the Charities Act 2011 {Ihe 2011 Acf). In caryiThJ out my e￿￿minatIon I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examinerfs statement Since your charitys gross income exceeded £250.OLKI your examiner must be a member of a listed body. I can confinn Ihat l am qualffied to undertake the examinalion because l am a member of the "ERROR - relevant professional body must be compl8t8d", which is one of the listed bodies. I have completed my examination. l ujnfirni thal no matters have come to my attention in connection wilh the e￿qmination giving m8 cause to believe: accounting records were not kept in reS￿t of the Company as required by Section 386 of the 2{￿ Art or the accounts do not acc4)rd wlth those recoryls: or the accounts do not comply wth the acc￿JnI1n9 requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair vi8w which is not a matt8r consld8r8d as part of an ind8p8nd8nt examination; or the accounts have not been prepared in accordance Mnth the rnethods and principles of th8 SLqt8m8nl of Recommended Praclice for accountrng and reporting by charities (applicable to Charities p￿paring 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 (x)nnection with the examinalion to which attenti(￿ should be dralvn in this report in order to enable a proFer understanding of the accounts to be reached. Nazir Malida FCCA Watergates 109 Coleman Road Leicester Leicestershire LE5 4LE HIGHFIELDS COMMUNrrY A&Soc￿TION STATEMENT OF FINANCIAL ACTIIII FOR THE YEAR ENDED 31ST MARCH 2024 3113124 Total 3113123 Unrestricled Restricted funds Notes INCOME AND ENDOWMETr¥fs FROM Charitable activities IncomirKJ resources chwitable actwibes 300.737 $07,205 440,152 Olher t￿11￿ acbvibes Other income 73 73 5,723 200 21 264 31x1.737 511001 440.352 EXPENDrruRE ON Raising funds 160 Charltable activiti85 Costs of charitable activibes 339.652 509.165 597.732 169.513 339.6S2 509.165 597.892 NEf lNCOMEI(EXPEND￿uRE) Transfers between funds 42,751 {38.915) 3.836 {157.540) 1) 16 Not movement in funds 35.745 (31.909) {157,541) RECONCIUATION OF FUNDS Totsl funds br￿ght forward 114.095 64755 802,2 TOTAL FUNDS CARRIED FORWARD 566.405 82,186 648,591 644.755 Tha rK)les on page O part of these finan(aa statements H￿mFIELDs COMMUNrrY ASSOCIATION STATEMENT OF FINANCIAL posmoN 31ST MARCH 2024 3113124 Totsl funds 3113123 Unrestricted funds Restrlcted funds funds FIXED ASSErs Tangible assets 13 314244 13.806 328.050 359.211 CURRENT ASSETS Debtors Cash at bank and in hand 14 42.085 270,223 33A03 75.488 339.166 240.519 311308 102,346 414654 321.175 CREDrfoRS Amounts falling due within one year 15 (60.14n {33.966) (94,113) (35.631) NEf CURRENT ASSErs 252.161 68.380 320.541 TOTAL ASSEfs LESS CURRENT LIABILMES 566.405 82,186 fA8.591 644,755 NEf ASSErs 566,405 82,186 648.591 644,755 FUNDS Unrestricted funds 16 566,405 530.660 82.186 114.095 TOTAL FUNDS 644.755 The charTtable company is entitled to exemption frLYn audit under secti(￿ 477 of the Companies Act 2006 for the year ended 31 st March 2024. The members hav8 not required the company to obtsin an audit of ts financial statements ft)r Ihe year erKled 31st March 2024 in accordance with Section 476 of the Companies Act 2006. The t￿￿teeS acknowledge their responsibilities for (a) ensuring that the charitsble company keeps accounting ￿rdS that comply with Sections 386 and 387 of th8 Companies Act 2006 and pr8paring ffinancial stat8ments which give a true and fair view of the stat8 of affairs of th8 charitable company as at th8 énd of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of SeCt￿￿s 394 and 395 and which otherwise comply wilh the requirements of the Companies Act 21MJ6 relatiry to financial statements. so far as applicable to th tharitsble company. (b) Th8 notes on page O form part ofthese financial statements HIGHFIELDS COMMUNrrY ASSOCIATION STATEIAEKf OF RNANCIAL posmoN . ￿n(In￿d 31ST klARCH 2024 Tlwe finarKial slalements have been prepared in aCC(￿danCe with the provision5 ￿l¢able to charitable companies sutiect lo the small companies regime. The financ￿1 Statem￿ were approved by the Board of T￿￿te8S and aLrthoris8d for issue on I7.￿￿11￿..}?74..... and we signed on its behalf by: Ms M HirMJordni- Trust88 The notes on page O f(Thi part of Ihese finan￿al statefflents HIGHFIELDS COMMUNITY ASSOCIATION STATEMEfrif OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2024 3113124 3113123 Cash flows from operating activities Cash generated from operations Finance costs paid 105.316 (191,713) 331 Net cash provided byl(used in) operating aclivibes Cash flows from investing activitlos Purchase of intangible fix8d assets Purchase of tsngible fixed assets Sale of tangible fixed assets (2) (46.588) 1.000 (Q262) Net cash used in investing actsvities Change in cash and cash equivalents in the reporting period Cash and cash equivalents al the beginning of the reporting period (237.634) 240.519 478.153 Cash and cash equival8nts at the end of the reportlng porfod 339.166 240,519 The notes on pag8 O fomi part of fiMn¢Jal slat8ftwnts HIGHFIELDS COMMIINrrY ASSOCIATION NOTES To THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2024 RECONCIUATION OF NEf INCOMEI(EXPENDITURE) TO CASH FLOW FROM OPERATING ACTMTIES 3113124 31rJr23 Net incomel(expenditurn) for the reportlng period (as per the Statement of Financlal Activities) Adjustments for. Deprecialion charg8S Loss on disposal of ￿ed assets Finance costs Decreasel{increase) in debt(*s In(¥ea8d(decrease) in cr￿lItOrS (157,540) 37,422 39.965 11.902 331 (32.422) 53.949 5.168 Nel cash providéd byl{usad In) operations 105 316 191.713) ANALYSIS OF CHANGES IN NET FUNDS At1A23 Cash fl(Y At 31.324 Net cash Cash al bank and in hand 240,519 98.647 339.166 240.519 339.166 Total 240.519 9&647 339.166 The on page O *)rm p8rt of Ihase finan(aal statements -11 HIGHFIELDS COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMEfrirs FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The finarK4al statem8nts of the charitable c￿Mpany. which is a public b8nefft entity under FRS 102, have been prepared in accc>rdance ￿1th the Charitiès SORP {FRS 102) 'A¢counting and Reporting by Charities: Statement of Recommended practi￿ appIl￿ble to charities preparing their accounts in accordance with the Financial Reporting Standard appl￿ble in the UK and Republic of Ireland {FRS 102) (effeclive 1 January 2019).. Financial Repl￿Ing Slandard 102 Tr Financial Reporting Star￿ard applicable in the UK arKI Republic of Irelan(r and the Companies Act 2(￿. The financial stslements have been prepared under the historical (x)st convention. INCOME All irKome is recognised in the Statement of Financial Aclivibes On￿ ts charity has entiuement to the furKls. it is prcl>able thal the income will be re￿iVed and the amount can be measured reliabty. GOVERNMENT GRA￿[S Where ￿ants received do not impose specified future pthmanctrrelated c(mditions are recognised under the p￿rf(xmance model and the irKX)me recowised in the stalement of financial activities when the grant proceeds are cA￿S￿lered to be received or receivable. Any govemmenl grants received during the year are rec(wJnised urttler perf0rrnan￿ model. EXPENDrruRE Liabilities are reix)gni5ed as expendilure as s(￿￿ as there is a legal or conslructive oblig811￿ commilling the tharity to that expenditijre. it is probablè that a transfer of economic beneffts ￿11 be required in settlement aThJ the amount of the obligation can be measured reliabty. Expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related to the calegory. whe￿ o)sts Car￿￿t be dI￿ty attributed to particular headings have been all(￿ated to activit￿ on a basis ￿)nSIStenI with the use of resources. TANGIBLE FIXED ASSErs Depreciation is provided at the fi)Ilowing annual rates In order to write off each assel over its estimated useful life. Improvements to property Plant and machinery FrAiures and fittings Computer equipment over lease tenn 10% on cost 15% on cost 33% on cost TAXATION The charity is exempl from (x)rpor*ion tax on its charitable activities. FUND AccouKllNG The furKk of the knociation have been segregated follows: Restri￿ funds consist of grants and donalions. ft)r which the grant providing authorities and donor5 has specified the purpose for which the resources be utilised. Un￿StrICted general funds represeth income which is expendable at the discretion of the truslees in the furtherance of the objects of the charity. Unrestricted designated funds represent amounts that have been pul aside at the d1scrtl(￿ of the trustees out of unrestrided general funds for specific purposes or projects. -12- HIGHFIELDS COUMUNtrY ASSOCIATK)N NOTES TO THE FINANCIAL STATEMEp¥fs . wrtinued FOR THE YEAR ENDED 31ST klARCH 2024 ACCOUNTING POLICIES - continued FUND ACCOUNTING Transfers are made beiween funds wh8r8 there is a release of restrided funds to unrestricted g8neral and designated fijnds or tharges ar8 made belwEen fuThJs. OTHER TRADING ACTivmES 3113124 Total funds 3113123 T(rtal funds nds Bar arKI vending sales 73 2Crf) INCOME FROM CHARrrABLE ACllVtriES 3113124 3113123 Incoming resources from charitaile IncomirKJ resources frcAn chaiitable 298.672 21x1289 440.152 OTHER INCOME 31r3124 3113r23 Total Unrestricted Restiicted funds Total funds Insurance daim 5.723 HIGHFELDS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 RAISING FUNDS RAISING DONATIONS AND LEGACIES 31r3124 Totsl funds 3113123 Total funds funds Bar * Ven(yng supplies 160 CHARrrABLE ACTMTIES COSTS Direct Support note n note 8) Tota15 Costs of tharitable actsvities 498.785 10,380 509.165 DIRECT COSTS OF CHARrrABLE ACTivmES 3113124 31rJr23 205.140 3,916 12.696 62.206 Rates and water Insurdnce Light and heat Telephone Postsge and stslionery Advertising Repairs & MaInten￿Ce Other activity costs Minibus expenses Other travel costs Legal fees Professional and consultancy Other office (￿ts Other expenses Venue hire IT costs Programme delivery support Bad debts Depreciation Loss on sale of assets Int￿t payab18 and similar charges 6.142 14,040 50,189 3,932 275 64.925 28,699 1,086 1.801 1.328 24.313 19,117 2.068 16,31)0 1.283 16,166 41.215 13.344 9.081 2.135 37.422 8.837 46.768 24.180 39.965 11.902 331 408 498.785 589.352 -14- HIGHFIELDS COMUUNrrY ASSOCIATION NOTES TO THE FINAMCIAL STATEMENTS. continuod FOR THE YEAR ENDED 31ST IAARCH 2024 SUPPORf COSTS Governance Costs of charitable activiiEs 10J80 NEf INCOMEI(EXPEMDrruRE) Nel incx)mel{exrEnditure) is stated after chargingl{creditirvJ): 3113124 3113123 37,423 39.965 DefKil thsposal of fixed assets 10. TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees. remunerat￿ or other benefits for the Y￿ ended 31st March 2024 nor for the year erKled 31st March 2023. TRUSTEES. E￿￿ENsEs There were no trustees. expenses paid ts the year ended 31st March 2024 nor for Ihe year ended 31st March 2023. 11. STAFF COSTS 31r3124 3113r23 Wages And salarles Social security costs Other pension costs 191.398 12.166 1.576 215,612 9,031 1.897 205.140 The wlerage monthty number of empbyees during the year was as foll(M: 3113124 21 3113123 17 Communty Fund No employees receNed emOlun￿ts in excess of £60.(KKI. -1& HIGHFIELDS COMMUNrrY ASSOCIATKIN NOTES TO THE FINANCiAL STATEMENTS- conti￿ed FOR THE YEAR ENDED 31ST IAARCH 2024 11 COMPARAMVES FOR THE STATEMENT OF FINANCIAL ACTMTIES funds nds funds INCOME AND ENDOWMENTS FROM Charitable actlvltles Irumning resources from tharitable a¢￿ieS 224,081 216,071 440.152 Other trading ￿tiVitieS Total 224.279 216.073 EXPENDITURE ON Raising funds 160 Charitable activilies Costs of charilable ac11vi￿S 369.914 Totsl 227.978 369.914 597,892 NEf INCOMEIIEXPENDITURE) (3.699) (153.841) 1.222 (157.540) 1) Net mOve￿nt in funds (4.922) {152.619) (157.541) RECONCILIATION OF FUNDS Total funds brought forward 535.579 266,717 802.296 TOTAL FUNDS CARRIED FORWARD 530.657 114.098 644.755 -16- HIGHFIELDS COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMEiifs- continued FOR THE YEAR ENDED 31 ST MARCH 2024 13. TANGIBLE FIXED ASSETS Flxtures and Plant and property maGhln•ry COST At 1s1 April 2023 331,266 46,763 667 At 31st March 2024 46.763 64667 DEPRECIATION Al 1st April 2023 Charge for year 40.557 7y2 44593 32.808 At 31st March 2024 499 ￿147 ¥263 NEf BOOKVALUE At 31st March 2024 287,224 616 2Q404 At 31st March 2023 290.709 1.170 31.859 vehk*s oqiilpment Totals COST At 1st April 2023 AdditioTrs 17.994 161,446 622,136 262 At 31st Mw¢h 2024 17A94 161251 DEPRECIATION At 1st April 2023 Charge for year 1¥974 21￿2 37.423 At 31st March 2024 160.496 NEf BOOK VALUE At 31st Marth 2024 11.051 2.755 3¥050 At 31st March 2023 13.001 22.472 359.211 was valued ty an iThlependenl valuer Spenr*rs DnKe Najtr Parkes on 10 October 2017. The lease under which the propety is hekl s￿IfiCa1ty states that no pren￿￿] i8 payable on ￿Y Sa￿ and as a resuli of this thwe ￿ThI&j be nil value of the leasehold interesl on the open markeL However the leasehold interest was Wal￿￿ for internal purposes only on the basis of potenlial income capitalised over the outstar￿Ing lease period. On this basis. vahje of leasehold interest fr internal purposes subject to the existinglpotential letti1￿ Was valued at £1,100,000 with an aggregat8 market r8ntsl value of £220.185 per annum exolusive. -17- HIGHFIELDS COMMUNrrY ASSOCIATION NOTES TO THE F•4ANCIAL STATEMEMTS . c¢)ntlnued FOR THE YEAR ENDED 31ST MARCH 2024 DEBTORS: AMou￿[S FALLING DUE wrrHIN ONE YEAR 31rJ124 3113r23 Trade debtors Prepayments arKI aCcn￿d income 28.486 52.170 75 1& CREDrroRS: AMOUNTS FALUNG DUE WtTrIIN ONE YEAR 31r3124 3113123 Trdde creditors ial seujrity and other taxes Other creditors ruals and d8ferred income 7.704 2,663 13.$47 70.199 2.458 7.427 16,200 94.113 35.631 -1 HIGHHELDS COMMUNITY ASSOCIATION NOTES TO THE FWANCIAL STATEMEp¥fs. C￿rtInued FQR THE YEAR ENDED 31ST MARCH 2024 1& MOVEMENT IN FUNDS At1A23 In funds 31324 Unrestricted funds edupAional. social. w81fare and lelsure faililies DeswJnated . Programme SUN DesKJnated - Assel replacement furKI DeSK￿ated - Transfonniry Services DeSy￿ated - Adult leamr 374568 42.751 (7.006) 412.313 22.004 81.257 81.257 14831 42.751 17.006) 56Q405 Restricted fvnds Other extemal gants and fundirvJ Asset fund P2C Communty Business Fund 9J71 (244) (35.045> 11371 245 47.648 11603 L8iC8St8r (FA￿) H-YIF (CiN-Irtspirir¥J Futures Programme) P2C Business Development Support 43,617 (2262> (15.599) 25.756 (108) (4670> (36) 4.120 Digital Povety Prwamma (1&015) (18.015) YOU￿ Futures (Police Funding) 14393 8.190 EBL EM[￿ Biz Proied HAF Slwnmer 20Z3 Leicester Garn1￿￿ Workers Tnjst Fund (LGwr) Leic Cdlege Support F￿dS NCS Pr(¥ed Reach Fund Grant UHL NHS All Togelher Prgect 9.935 (5A57) 9,935 4457 14599 1.203 11AOO 7,728 8.597 7.728 597 114.095 38.91 TOTAL FUNDS 644755 -1 HIGHFIELDS COMMUNrrY Ass￿lATIoN NOTES TO THE FWANCIAL STATEMEKfs . eonllnued FOR THE YEAR ENDED 31ST IIARCH 2024 16. MOVEMENT IN FUNDS - contlnued Net movement in funds. induded in the abov8 are as folk)ws: Incomkng Resourcos Movem8nt In funds Unrestrlcted funds Acliviiies for the provision of ed￿tIonal. social. welfare and leisure ilities 212.261 (1fJ9,510) 42,751 Restricted funds Other extemal grants and fundirvJ Asset fund P2C Community Business Fund Fashlon-w￿kers Advice Bureau Le1￿ter (FAB-L) H-YIF (CiN-InspirirKJ Futures Programme) P2C Business Devebpment Support Digital Povety Programme (13,962) 9,371 (244) (4045) (35.045) 151.121> (U62) (108) 14670) (108) (4670) 27265 100 (45280) (&303) (1&015) (Q203) YouThJ Futures (Police Funding) EBL Empower Biz Projed HAF Summer 2023 Leicester Gannents Workers Trust Fund {LGwr) Leic College Support Funds 14785 19.977 (4850) (25,434) (5.45n 77.180 (91.576) 20.501 14AOO (12.773) (4803) (546) 7.728 4597 Reach Fund Grant UHL NHS All Together Project CIN C