CharSty rFgistration number 11648 Company reglstratlon numbèr l)6021283 (England and Wales) NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
NEW HEIGHTS-WARREN FARM COMMUNrrY PROJECT LEGALAND ADMINISTRATIVE INFORMATION ChainNn Mrs Ftynn Dlrèetors Mr S Flynn Mr J Lowe Mr J McGorman Mr M Daly Mrj H8ad Mrs S L Byme rs C Gutteridge Mrs S Cross Mrs M Lordan Mrs C Walk8r Trustees Mr S Flynn rJLowe Mr J Mclknmian Mr M Daly MrJ Head Mrs S L Byme Mrs C Gutleridgo Mrs S Cross Mrs M Lordan Mrs C Walker Secretary Mrs S L Byme Associate Thè QuaThJ Nguyen Charity number 1196648 Company number 06021283 Registered offi 124 Warren Farm Road Kingstsnding Bimiir*gham B44 OQN Independent examiner E(1wardSA0Untants IMidlaThJsl Limited 34 High Streel Aldridge Wal$811 Wesl MltJlands WS9 8LZ
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT CONTENTS Page Twstees, repLYt Independent examinerfs report Statement of financial activilies 10 Balan sheet 11 Notes to the financAal statements 12-20
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees pr&sent their report and financial statem&nts for the year ended 31 December 2021 1 WCld lÈke to thank all the staff, trustees and volunteers for Ihetr wort during this year. As a ¢harty we are proud that we have been SUprted by so many fvnders in Ihe last year induding National Lottery. Henry Smith. Sutton Coldfield Muniapal Charitable Trust. Bimiintham City Council, Children in Need, Williem Cadbury and many others. The accounts havè bagn proparg(l in a¢¢ord8nce with the ac(x)unling pdicies sel out in te 110 ts accounts and (xjmpty with Ihe tnjsys goveming dotumenL the C¢)mpAnies Act 2006 and ¢he Statement Recommende(I Practice. "Accounting and Reporting by Charili8s". issued in March 2005. Structur•. governance 8nd management Tho Company has now been regist&red 8$ an incorptsraled ch8rtty l¢Jl)arity no. 1196648) and rePlaS the uninwrporated charity leh8rity no. 1120869) This a¢tion has been taken lo eliminate any confusron btheen the slabjs of the Company and the unincLJrporated charity and has been approv&l by th8 Chartty Commission. Our Intenn is to dose the Uninco•raIed charity once all matters have been settled. The trustees. vtho 8re also the direclors forthe purpose of coNp8ny law. snd served duriny the year and up 10 th8 d8le of slgnaknro of the finan(yal statements were.. Mr S Flynn Mr J Lowe Mr J McGoman Mr M Daly Mr J Head Mrs S L Byrne Mrs C Gutteridge Mrs S Cross Mrs M Lordan Mr S Mcmeavy Mr5 C Walker (Resigned 9 November 2023) None of the trustees has any beneficial interest in the company. All of the trustees are members of Ihe Company and guardnt to contrSbute an am(yJnt not exceeding £10 in the event of a winding up. The companvs current polscy COrnIng the payment of trade creditors is to follow th& CBI'S Prompt Payers Ccxye IctVi85 are 8vail3bl8 frotn the CBI, Centre PoinL 103 New Oxfortl Street. L¢Jndon WC1A 1DUI. The companvs current poltrcy the payrnent of trade creditors is to". se• th8 tèrms of payment wilh suppliers when agreeing the tern of each transaetton.. ensure that suppliers are made aware ol the tewm5 of payment by indusion of the relevant terms G¢)ntracts,' pay in a(rdance WTth the wmpanvs contractual and other legal oblbjaticffls. Thg tharity continues to recgW8 SUPPOrt fr(Nn ChFi8t thg K9 Calhdic Clwrch. ngstanding. We also work In partnership wilh other local ¢arilies.
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Our alms. obl•ctlv•s. vliion #nd actMII•s Our charity's purposts ara set out in the objets ¢$tne in th8 ¢hitl$ trust dgod. Charfty Aim To meet the needs of the most disa¢fvantaged eMberS of the Kingstsnding eommunfty and to help to bring about sodal cohesion. Objectives 1. To relieve elderty people resident in the KiThJstanding communty who are in need in any manner as the trustees may from time to time delermine. 2. To act as a resource for young people living in the Kingstsnding community by provKling advlce and a55e and organising pwrammes of physical, wjucational aThJ olher actiVeS as a mearbs of .' la}Advancing in lrfe and helping youny people by developing their skilL%. (apatit$ and GqP8bilities to enable Ihem to participate in so(yety as independenl.maknre and responstble indivwjuals. Ibl Adv8ncing &luaqb"on. (cl R•li•virKJ un8mFAoyment Id) Providing recreational and leisure time activty in the interests of social yare for Feople ling in th9 area of benefit who have need by reason of their youth, ag8. infinmity ot dr&ablty. pJv8rty or sotial and 0Mi¢ ¢ircumstan¢es with 8 wew to improving the life of suth Kwsons. 3. To advance the educatw and prestrrve and prote¢t the health of parpwts, particularty vulnerablg pants. 4. For such charitable purposes as the trustees may from tne to time detemiine. Our vlsion Naw H6¢ghts Charity is'AwolcomirwJ oasis forlho whoJ& (xmnffwty. supporting personal improvgmonL stronger family Irfa. communtty cohesion and those in the vnost rEed.' stratsgic Pn Our project managar Shantal Carty has18d us vary 8ff8ctively durirKJ the wr. She has b6en very succassfijl in building new links and relalK)n$hips with new parlnets. 11 is for example great to see our links with local schools be)1 stronggr. We conb.nue to use ancl monitor the effectiveness of a 3 year developmenl plan. The Board with staff centlY produc8d 8 plan to cover the period from Jan 2023-December 2026. Th& Board considèrs Ihis pfan at each meeting and revlews progress m&le In the achievement of agreed oblectives. It has pmed to be a Vary Useful t(K)l. Thls approach hdps us to".- • Ensure our 8Ctivities remained focJJssed on our staled charity obieets . Review poll¢y & pILedre and update documents & training . Ensure Ihat safeguarding has a high priority. WO hav8 refeN*J to gUKlan contsln&l kn the Chaty cMIssIOn.$ gen8r81 guidant% on publlc benefft wh8n reviewing and plannirvJ our activit$. In p8rlicul8r. th8 trust88S Ix)nsKl8r how FAanwl adiwti8s contribute to meeting aims and obiectwes.
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT TRUSTEES. REPORT {CONTINUED)IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Intemal o)ntrol risks are minlmlsgd by Ihe implemantatton of procedwes for authorlsalon of all transa¢llons an¢ projects. Proc8dur8s are in pla( to ensure c(m)pliance with h88lth gnd $8fety of stsff. volunteers. dnts and visitors to the Centre. These PrOdreS are periodtcally revlewed to ensure that continue lo meet the needs of the Charity. How our activities deliv•r public benofft Our main actlvitie5 and those who we try to heb are described below. All our Charitab activities focus on working with people in the Kingsknding Ward arvj surrounding area who are Irthg in challenging cirojmstsncgs. Ta meet the charlty's ¢leetlves dellver a range of seNlces ineludlng: . Dornesb'c Abus8 Couns811ing Sgrvtce . Advice & Advocacy Service on Welfare. Disability, Housing & Empbymenl 'Community Cafe'_ indLNJing opportunities for volLsntoors lo gain awredited qualSfic8tsons. . Luncheon Club. BtrfrieThJing & Tai Chi . Monthly Community Meals & FestNal Celebralions Ichrislmas Day & Easter Sunday) 'Le$t we Forgev Dementia Choir 'Imagine' mental he811h support group . New Heights Youth Fowm . Youth Social Action Projeds * Running & Exercise Groups for Y(ng people. adults and families . Cornmunity Consultation . Community and Educational Trips &.g. to H(yJse of Parliament Arts & Crafts . Seated Exercise . stay Leam & Play To enhance community sUpportwith the charitys obiectives we facil¢tate dellvery of activities by partnors Includlng:" . Education support (Saturday Maths. English. Science & ITdassesl . Al¢xJhol Support Meetings {M&AI-Anonl: * Health Eating group . Narcotics Anonymous • Homèst8rt Bimingham Mind . 82Work . Thrive Bimiingham Adulk Edu<%b"(Ai . North Bim)ingham 4 Ukraine To meet the charity's ¢)bjectives. we deli¥eT a range of services including.." • DotnesticAbusg Couvtselling SeNi(£ ItelephonÈ. so¢ial med&q. ztx)m, WhyPay, etc.) . Advl¢e & Advocacy SeNice on WeKare, Disability. Housing & Employment • Community Nèwsletters • Telephon9 Befrianding . Cards of Kindness 'Weekty Liv8 Chat. on social media . WeeY CommLJnity Meall Christmas Day Festive Meal deliveries . Wam Centre with fw hot drinks Isn8ths to (x)mbat fuel and f1 poverty . Support to children and familiès: School Holiday Youth S(Kial Arbon, b¥ity pa(*s A Toy library
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT TRUSTEES. REPORT ICONTINUED)IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Weekly thildren's activity packs {under 5's & school ag8 ehildrenl Story Book Bags Free SdK)ol Hdiday Chiklren's community meals A Small group activltes e.g. knitting and ¢rod)el group M88ting Th)M for community griKJps A Chlldren's Communlty Meals every luesday IhursiJay Book Grfting Servi Wgdnesday Quiz (aub Wh¢ used and btnefttsd from our Sèrvlces? One of our strategies is to engage with other provt(kn and help them reach their target beneficiaries. This has led us inlo strong partnerships r¥3Standing Thursday Club. Imagine {Mentsl Health Sew Help Groupl. Alwholics Anonymous. Al-anon, as well 8s many othèrs. W8 0ff9r thèm go meeting facililie5, neOrkS, promotion of thèir services and Intor-agcY conts Thrjgh ow own etsrk of volunteer& newsletters. website. Th)tictrboards, sockgl medk, referrals system and word of mouth. w6 are able to givè our partnors 8(xss to the people Ihey wish to serve. We have also developed our partnership wothing approach. arvj now repre5enlgd on key strategifj lyiatKJs including BiTmingham North Local Communty Safety P8rtnership Boar(I, Bimtingham Norlh DorneslicAbu38 Forum and'spirit of Kingstanding. group We remain commiltsd to d&livoriThJ a taThJe of ¥eMcos ar aLvites whiGh mpel local needs. The CornJnunily Caf• building provides offj¢& fatilities forthe NEST project offering Domestic Abuse cOurellIng Services and b8nefils advice. Other acbvities delivered by charity volLtnteers, supported by a small staff team, a delivered from both the Community Caf8 and St John'$ Cgntrg. All (>f Ihese initiativas dlow us to meet pw)le who might nee(1 direGbon to another SerVe and to provide sironger community cohesion. Therè are thousands of people in lQngstsnding Ward who have berfitted frorn the services thrDugh New Heights Charity. Outr•ach The outreach work of the cty provkles suptM)rt to vulnerable adutts Imng In our communty. In p8rtnershlp w the St nnt Oe Paul Souety and Christ the King Parish approximatsty 80 p80ple are viwt8d at horne. most of these are hous&bouThJ due lo disability or illness. ThFS Servi is provided by vokjnteers. Our telepho bgth'ending SOlce reaches a wide variety of local residents ond the fe8dba¢k 1$ Ihal it 1$ well valued. We offer a stgnposting service to other orgarthsaiions Ihat can provide help and Support to local people. Challenge going forward: One big challenge facing all chaiities is fLmd raising. There are more tharflSos and the r1 of grants thoy are bidding into has diminished. Al the same time the need across the county has incroosed. The lives of di5a¢JYantsged p8ople living within ourcclnmunty has been significanty impacted by the Covid-19 pandemic and thè intre8sing impads of the'cost of Living. Msis which is increasingly impacting individuals 8nd f8miliÈs. Wè carried out a majorswvey in the Auttsmn of 2022. Thi5 showed us Ihat some of the key concems ir) the cornfflunity are- finarKial issues. (x)sl of utilities, isolation, mental health, loneliness and well-teing. ThSs survey hKJhlKJhted Ihot thera is a neod for thg wk that we undertake and that we need to keep on developing Ihis. For older and drled peoP.NOmi81 Life. is significantly impacted by the Covid-19 pandemic induding.. . lrnpaGts of long co¥id' . People's confidence ertjdgd by isolating at home . Increased nUMr$ who m84n housetx)und . Loss of friends who ar8 now in long t8mi r8sidenti81 ra cKwho have diecl . Incased focJ l Heating poverty
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 . Closure of tiVItieS previou5ty run by other churth groups. We negd to kk al ojntinuw to offer opportunities to volunteers and onsure that wo aro offgring a broad raThJe of activities to tho communty. Flnancial roviow By pnjdent managernt and successlul btddbng for funds, the Charity is in a sound financ¢al px)sition. Shantel {Proiect Managgrl lead$ the team and ¢Jeals wtth the financFal issues in partnership wilh Mike Daly, one of the trustees. CLtrrently. thero are no investments gth9r than buildlngs with res8rves suffidt lo nieet Ihe rrent woiklng capital requirements of tho charity. While there is a small incnme from the Cafe. cmjr main source of regulAr unrethcted income ¢tinueS to be from service providers who use our premises and volunteer-led fundraising 8drvttÈs. This unr8Strict8d IrMe covers our buildings maintenance and running costs. however il has bèen signifi(anUy iwtaed by suspension of group activities and réntal arrangem8nts due to th9 CovKI-19 pandemic and which has b9 furlher impacted by the current'cosl of Liwng Crisis.. Unreslrictad income conlinued al a reduced level due to the ongoing effects of the p3nd&mic. and the 8xpectation is that th8ra wil b8 An improvement in 2024. Funding for staff c4)mes from grant making ljodies. The facl that in Ihe main services and aclivitss ar& dellivored by volunteers w6 have a few paBJ memiTS of staff make3 this more sustatiiable. We nInue to seek rw p8rtners,and the service5 they provKle, as a IcJgh ttonomic clmate naturaljy rausès rnore nee(Ss arnongst the o)mmunity we serve. especialy in Kingstsnding. an area of major deprivation.
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for th8 futurÈ The Charity Board strategy 15 to keep staffing u)sts at ve15 thal wll rt NnP05efinaniial and struclural risks to th8 charity. This is compl8Fnented by a vision that pla$ worknng in parinership as another key component in maknng our eharity both effective and sustainable. While working with volunteers aLso has its challenges. this fomis the third element in a vision that mathès financi81 strategy with 8 vision for Ihe community that Invltes the fy)mmunty lo play a key part In somng Its own problems. We continue to seek pinerships and opportunitles for aclivilies and Supp which will add to our sion for our area and Ihe community. Oporatlng ros•No pollcy l. Purposa The purpose of thSs new Op8rnting Reserv8 Policy for New Heights - Warren Far Community Project is to build and maintain an adequats18V81 of unrestrictsd nel assets to support the organisation's day to day operations in the event of unforseen shortta515. The reserve may aLso bo used for one-time. n0n-recurrg expenses that win build long-tem capauty. suth as staff development, research and dèvelopment. or Énvestment in infrastructure. Op8T81ing reserv8$ are riot intended to r8pl8oe a petmanenl loss of funds or emInate an ongoing budget gap. The organlsadon Intends for the operatlng reseNe to be usgd an¢J replenished within a reasonable period of time. This Operating Reserve Policy 1 implemented in conjunclron with the other financAal p)licies of the organisation and is int8nd8d to supwrt the goals and strategtes contained in those related poltcies and in stralegtc and opgrational plans. 11. Definltlons and goals The operating Reserve Fund is defined as the designated fvnd set aside by the action ofthe Board of Director81frustees. The minirnum amount to be degnatsd as operating reserve wll be established as an amovnt sufficient to maintsin onwng operations and Proiecas for a sel peric#J of lime. measured in months. The Operating Reserve serves a dynamK role and will be reviewed and adjusted n s)nSe lo internal al axtemal changes. The target minimuffl (ratiThJ Reserye Fund equal to 6 rrK)nths of average Tecurring unrestricted operating costs. In addition to calujlating the actual operating reserve al the financial yearend, the operating reseNe bjnd target rninimum will be calculated each year after approval of Ihe annual budgol. These reserves wll be rewrteil to the &)ard of DYectoTrThnJslees and induded in regular financial report& 111. Accountlng for R•s•rY•s The Operating ReseNe Fund will be recorded in the 8ccountiThJ system and fin8nri81 st*gments as a Board Designat8d Opèrating ReseNe. The Operatsny R8s8Ne Fund will bè fund&d arKI avaiwo in cash or eash equivalents. Operating resarv6s will be maintained in a separate bank accounL N. Fundlng of Re8efMS The operating Reserve Fund will be fvnded with SUfF4us unresbicted operating fvnds. The Board of DirectorSStees may. from tsrTYe tolime, direct that a specffic Sour of revenue be set aside for operatiro reserves. Examples may irKlude one4ime gifts beqLSts. speual grants. CY special appeals. The ¢hair and Treasurer will idenbfy tho need for access lo roserve furHIs and lfirM thal the use is CL515nt with the puw of the reserves 85 desctibetl this Operatin9 Reserve Policy. DeteTminatron of need requires analysis of the sufriency of the curtt tevel of reserve funds. the availabilty ofany other soun offunds before usng reserves, and evafuatK)n of the lime Feriod for whith the lunds will be required and èxplained.
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 V. Authorty to use operating reserves Authorty lor the use of operating reseryes is delegated to the Chair and Treasurer in (xfsultalion wth the other Trustees indud8tl on Ihe Bank Mandato. The use of operating reserves will be ported the Board of D1rectorsrrntst at thèir nexl sthèdulèd mÉeting, accompanled by a dÈseJiption of the an351$ and detevwninatiorTr of the use of the funds, and plans for replenishment to restore thg Operating Reserve Fund to the target mlnimum arrunt. The Chair must 1V? prior approval from the Board of Director5Nruste8s. Vl. R•porting and Al¢)nltoring The Chair and Troasurer are resw)nsibl• for ensuring that thg 1*orattng R8s8rv9 Fund is mainlain8d and used only as described in this Policy. Upon approval of the use ofoperating resuve funds. the Chair and Treasurer will rnaintain records olthe use of the funds and plan for replenishment. They will provide regular minimum amount The Chair and Treasurer together with Truslees will annually discuss what additKJnal risk lactors m¥Jht te considered for the organisats'on. the impad of budgeting OFernb'rMJ TeseNe levels. and any requirements of extemal funding uganisatton5. Vll. R•latlonshlp to poll¢les The Chair and Treasurer shall airIn the follovAng l)oard-approved polides, whlch may contsln provlslons that 8ffect the cre8tion. suffineY. and management of the Op&rating Reserve Fund. Risk Managgment ralatad pol1&5 and tools to minkmisa it indudFng Conlingerry or Disast8r Pr8pafednèss Plan . Policies related lo OFerating arml Capital Pojdggting . Fund development POIleS Vlll. Review of Policy This poltcy will b8 r8vièwed by DirectotsntstSéS èvery 12 months 81 minimum, or sooner rfwarr8ntÈd by internal orextgmal ev8nts or thanges. ChaTvJes to wjicy will bg agr9811 by the Bowd of DireGtorsl Trust605. This policy. utM)n every revision must be distsibutgd by the Direthtsrrrustees lo the responsblg Staff and any other interested parties. The treasurar together with the Board of Directorsrrrustees are responsSble for the recommendation of finarKial polictes. slrafrgies. and budgets that support the mlsslon. values and strateg¢c plan of tr organisation. Its purpose is to ensure that the finBncial health and integrity of the organisation in pursuit of its mission to meet the needs of the most disadvantaged meMrS ofthe tfjngstanding community and to help to briThJ about SOC4al cohesion.
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Statsmwtt of TrustÈÈ$' RÈsponsibilitles The twstees. who are also the directors of New Heights- Wavren Fami Communty Project for the purpose of eompany law. 8re rèsponsible for preparing the Trustees. Rep and the financial statements in aco)rdance th aptAicabl8 law and United King¢knm AntIng Standard5 (United Kingjom GeneraltyAccepled Accounting Prath¢o1. Company Law th8 tnJst889 to twar8 fin3rri81 statèments for each financial year give 8 tnjè and fair view of the state of alfalrs of e ¢harfty and of the inming resources and applcalion of rey)urcs. olUdINj the incA)me and expenditure. of thè charil8ble (Jmpany forthat ye8r. In preparing these fancial statamgnts. thè trustges afo rgqured to: ' salect suitable Bccounting policRs and then apply them cortsi5t8ntty" • observe the mothods and principles in the Charities SORP", . make judgements and Èth"m8tes that arè reasonable and pruden( ' state whetr*r applicable UK Accounting Stsrmlards have been folh)wgd. ¥ubiect to any matsrial ¢Jepartures disdosed and explained in the finanryal statements., and . prepare the financial stentS on the golng concom basls unbss it Ls inapprcyiate to presume that Iho charity will continue in operatic. Th8 trus18es are responsible for kegping adequate accounting records Ihat ¢Jisdose with reasonat¢ accuracy al any lime the finanaal position of the charity and enable them to ensure that the financi81 slat8m8nts comply with the Companies Act 2006. They are also resFonsible for safewarding the assets of the charity and here for taking reasonable steps for the prevention and detecttion of fraud and other irwularmles. Th8 trusteès. report was appm8d ty the Board ofTrustèes. Mr S Flynn TrusteelChaiersOn Datsd: 27 June 2024
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW HEIGHTS - WARREN FARM COMMUNITY PROJECT I report to the trustees on my eXaMinan of the finanaal statements of Nw Heights - Warren Fann Community Project (the trust) for year eThJed 31 December 2023. Responslbllltles and basls of feport As the trustees of the tnjst (and also its dlrectors for the purposes of company law) you are responsible for the preparation of the financial statements in acrA)rdance with th8 r8quiram8nts of the Companies Act 2006 (the 2LK Act). Havin9 satisfied mysèlf that the fin8nctal slatemenls of the trust are not required to be audiied under Part 16 of th 2006 Act and are eligible for irK58pendent examinalion, I report in respecl rrf my examination of the trusys financial statemenis carried oul under sethon 145 of the Charities Act 2011 Ithe 2011 Adl. In carying out my examinètion I have followed all tho aprli¢able Directions tyven by the Charity Commission uThler section 145(5Xb) of tt)e 2011 A(a. Independent examlnerfs statement Since the trust's gr0$5 income exceeded £250.000 your examiner must be a mber of a bc Ibsted in sedion 145 of ihe 2011 Act. I confirrn that l am qualifi8d to undertake the examinalx)n bÈcaus8 18m 8 m8mb8r of ICEAW. which is onè of th&11St bodias. I havo completed my examin8tion. I confimi that no matters have corne to my attention connectw with the examinatSon glving me cause to believe that in any material respect.. aGGounting records were not kept in resped of Ihe trust as requyed by seclicffl 386 of the 2006 Act" or the finan¢ial stslemgnts do not a¢¢ord with those records: or Ihe financial statemènts do not (xjmply with Ihe arUntIng rgquiremorts of 5eiknn 396 of the 21X)6 Act other than any quIrement that the acnts give a true and fair view vthich is not a matter considered as part of an independent examinatM)rb'. or the financial stalemenls have not been prepared in accordance with Ih8 elh0$ and principles of thè Statement of Recommended PraCtt for acmjnling and )rt[rtg by aN)licable lo charibes pr8paring th8ir acixjunls in acwrdance the Finanual Reporting Standard applicxble in the UK aw¥J Republic of Ireland {FRS 1(Y2). I have no neMS and ha corlle across rK) Othgr mattgrs in COMbon hth Ihe examination to whith attention shoul¢J b& drawn I is rew)rt l orderto enable a proK*r understsnding of the finarthql ststements to be reached. Edwards Accountants Imldlandsl Llmlted 34 High Street Aldridge Walsall West Midlands Wsg 8LZ Dated.. 27 June 2024
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestrict8d Restricted funds funds 2022 2022 Total 2023 2022 Notgs Income from: Donallons and legatjes 21,192 289.316 310,508 23.575 267,017 290.592 Expenditure on: Raising funds Charitable actNities 4,330 327,412 2,713 30,285 2.713 300,505 37,683 289.729 270.220 Total experNJilure 42.013 289,729 331.742 32.998 270.220 303.218 Net movement in funds for• d•pM¢atlon 120.8211 1413) 121,234) 19,4231 {3.203) 112,6261 Depreciation 59 27.665 27.724 79 27.665 27,744 Net movemÈnt in funds after dtpreelatlon 120,8801 (28,078) 148,958) 19,5021 (30,868) {40,3701 Rgconcili•tion of funds: Fund balances at 1 January 2023 120.613 354.436 475,9 130,115 385.3Cb1 515,419 Fund balane•s at 31 Dernber 2023 99,733 326.358 426,091 120,613 354,436 475,049 The statement of financial aclivitss incknjes all gains and1086es re¢>Jgni8ed the year. Air in(yJme and expenditure derive from continuing athvities. 10-
NEW HEIGHTS-WARREN FARM COMMUNITY PROJECT BALANCE SHEET ASAT 31 DECEMBER 2023 2023 2022 Not•s Fix•d as$•ts Tangible assets 299.973 327.697 Current ax50ts Cash Bt bank and in hand 275.499 292,622 Creditors: amounts falllng duo wlthln onè yèar 10 149.381 145,270 Met cuThent assets 126.118 147,352 Total ass•ls t9s$ ¢urrgnt Ilablll¢lgS 426,091 475.049 Th• lunds of th• th$ trust Restri¢led income funds Unrestricted funds 11 326,358 99,733 354,436 120,613 426,091 475.049 The company is entilled to the exemption from Ihe audit rewirement contained in s8ctk)n 477 of th& Compantes Act 2(KJ6, t( the year 8nd81131 Dmber 2023. The dlrectors acknowledge thelr responslbllltles for complylng the req(1ments of the Conyanfjes Act 2 with respect to acnIIng reIdS and the Preparat¥ of finanual statements. The members have rt required the a)mpany ts) obtain an audit of its finanLyal slatements fcf the year in question in accnce with section 476. These fin8n¢lal st8temenls have prepared in a111(* wilh tho Kwiisions applicab16 to conwanles sutyect lo the small companies regime. Th8 fin¢la1 slatern8nts were apFYOV8d by ts Ie8S on 27 JLTh 224 Mr S Flynn Trustee Mrs S L Byrne Tlustee Company registratic number 06021283 (England and Wales) 11
NEW HEIGHTS-WARREN FARM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Ac¢ounling policie Charlty Infomlatlon New Heights - Waffen Farm C¢)mmuntty Project is a private company limited by guardnlee incorporated in England and Wales. The regislere(l office is 124 Warren Fami Road. Ktngstsndlng. Birmingham. B44 OQN. 1.1 Accountiny convention The company 1$ establish1 under • merN)randmi of a880(iation which sets Ihe objects and powers of the organisation and is govemed under il articles of ass(tialion. The aOUnts h8ve been prepared in ac(x)rdance th the Companres Act 2006 and the"Accounting and Reporbng by Charitie5: Ststement of Recommended Practi applicable to charities preparing their accoun15 in acLordanc8 th8 FinancAal Reporting Standard applirablè in thè UK and Republic of Irèland IFRS 1021" (os amended for 8¢xounlirvJ perKxls ¢ommenrArvJ from 1 January 20161. The charity is 8 Public Benefft Entity as defined by FRS 102. The charity has taken advantage of the PfOViSiOnS in the SORP for chaiities applying FRS 102 Updgte Bulletin 1 not to prepare a Sts¢trment of Cash Flows. The financial 51atsments are prepared in stedirvJ, whic 15 the furtIOnal CLtrrency of thg the trust. Monetary amounts in these financial stalements are rouThJed to the arOSl £. The financial statements h¥¥8 been Fep8rod undor the histori1 (Tht COnventn. [modified to indude lh8 revaluation of freehold properties and lo include investment properbes aThJ certain financial instruments at fair valuel. The prinupal accounting PD16ues are ¥et out bg1(pw. 1.2 Going concern At the lime of approving the financial statements, the trustees have a r9asonablD exp8Ctation that the the tru51 has adequate resources to continue in operational exislenct for the fo$¢eabl8 future. Thus the trustees contlnue lo adopt tho golng cCeM basis of accountlng in wepar1r the financial statsments. 1.3 Charitable funds Unr&stricled funds ara availat48 for us8 at the discration of thè trLSStees in fvrtherano of their tharitabla otyethes. UnStricted fundy can be used in &tudance with Ihe charitable objectives at th8 dtscrnkn'on of the trustees. Restricled funds aqn Tr)ly be used for pwbcLdar restricled puwes within the Obj of the ¢hartty. Rèstrith"ons arise when specjfièd by the dorw or when tunds are rad for the partular restricted purposes. Endowment funds are subject to speufic ndInS by domrs that the capital must be maintsined by Ihe the trust. 1A Incomlng r•sotsr Income ss recDgnlsed when thè tmst i% 18gally entilled to rt aft8r 8ny perfoTmance conditions have been met, the amounts can be measured rdiably, and it is probable that inccrfne will be r8ceived. Cash donallons are rewgnised on rkipt. Other donations are rec(vJnised once the the trust has been notified of the donation. unless performan conditions r8quire deferral of thg amoLmL Income tax recoverable in relalron to (knations received Lmder Gfft Ald deeds of covenant K% r8cognised at the time of the don8ti0n. Legacies are reetsJnised on receyl or othenvi5e rf the the trust has been notified of an impending distribution. the anK)unl is knov4n. and receipt is expected. If amounl Ss nol known. th8 legacy is treated as a contingènt asset 12-
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcl•s IContlnu•d) 1.5 Re8our¢Ès expended Expenditure is rect6nised on¢e the is ¥ legal or Constructive obligatv)n to transfer economiG benefit to a thlrd party. it is probable Ihat a transfer of ecx)nomic benefits will be qUIred in setllement. and the amount of the obligation can bè maasured reliably. Expenditure is dassffied by actwity. The costs crf each aclivity 8re made up of total of direct costs and shaied costs, including support costs involved in undertaking e8¢h activity. Direct costs #ttribulabb to 3 single activity are allocated diredy lo that actiwty. Shared costs which conlribute to more than one activity and support costs which are not attributable to a single activity are apportioned ton those 8ctivities on a basis consistenl with the use of resources. Central staff costs are allocatèd on lh8 basis of timè snt. and depreciation charyes are alltel on the portKTrn of the asset's use. Expèndiknre is reC91$ed once there is a legal cf constructive obligallon to trartsfer ecTr)M benefjl to 8 third paTty. il is Probable thal a trar¢sfeT of ec(mniC benefits WHI be required in setuement. and the amount of tha obligation can b& fflgasured reliably. Expenditure dassffied by acliwty. The costs of each 8Ctivity are made up of the total of direct rA)sts and shared costs. including support v)sts involved in undertaking each 8ctivity. Direct (x)5ts altributable to 8 single activity arè all(atrt dire¢tty to that activity. Shared ¢x)sts which ¢ontribule to Te than one attlvty and support costs which are not attributable to a single actswty are apportioned beeen those actiwties on a basis consi51enl with the use of resouices. Central staff costs are alkncat on the basts of time spent, and depreciation charges are alkxated on the portion of the assèt's use. 1.6 Tangible fixgd assets Tangible fixed assets are initially meawred at (¥)st and subsequenuy Measured at rA)St or valLtKIn. nei of depreaalion and any impairnient losses. Depr8Ci8tion ts rec%nISed so as to vJrit8 off thè tt>st orVaallon of assets less their sidual v81ue$ over Ih8ii U$8fiJl Iwes on thg folk)wing bases: Le8sèhokf18nd & building8 Flxlures. flttlngs & equlpmenl 25 yè8r le85e iemi 25% rwjucing b81ance 1.7 Impairm•nt of fugd ass•ts At each reporb.ng eftd dale, the the Iriisi reviews the carrying amounls of its taThJible assels to det8mln8 whether there is any indicabon that those assets have suffer1 an impairtll8nt loss. If any such indication exists, the recoverable amount of the asset L8 estimatod In to detemlne the extsnl of Ihts Impalmient loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call wrfh banks. other short-term liquid invgstments wth original mabJritie5 of three months or less. and bank overdrats. Bank overdrafts a shown within borrowings in currènt liabilrtÈ&s. B•sic financlal assots Basic financyal assets. which include debtors and cosh and bank balan¢8s, ale initially measured at transact¥)n pr&ce Incfudln9 lransacb.on ¢>)sts and are subsequenuy Lxrried at amortised LXTrSt using the 8ffective interest rnelhod unsS the arraryJement (xnstilLrtes a financing transaction, where the transaction is measured at Ihe prdent value of the future reiptS discounted at a mar11 rate of teresl Financial assets dassifted as rg¢dvabl* wlthln ¢)ne year are nol amortlsed. 13-
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢eounting pollcie8 (Continu•d Basle finan¢olliabilill• Bas financial liabilitles, including creditors an¢J bank loans are initially re¢oyrwsed at Iransa(on pdce unless the arrangement (xjnslilules 8 fin8ncing tsans8¢Aion, where the debt inslwmenl is measured at the present v8lu8 of the fulure payments discounted at a market rate of interest. Finandal Ilabllilles da&sifled 2s payable within one year are not amortisad. Debt Inslnjmenls are subsequently rried al amortised cost, using tho effecliv8 irrterest rate method. Trade creditors aro ONatiOnS to pay for goods or servi8 that have been acquired in the ordinary courso of operations from suppliers. Arnounts payable are classified as current liabilities rf pay)))ent Is due within one y8ar or les5. If not, they are presented as nonwcurrent liabiliti&s. Trade credlors ar& recognised inibally at transaclK)n price and subwuently measured at amortised wst Using th8 effedive inter1 m8th0d. Dorncognitlon of flnanelal Ilabllltles Financial liabilities ara d6reoJJnised when tha the Iwst's c4xrtraGlual oNigattons oxpwp or arg discharg8d c cancelled_ 1.9 Employ4• b•n•fits The cost of any unLKsed holiday entillomonl is rwxJnlsed In pgtlod In which tho employee's sgrvices are received. Termination benefits are recognised IMndiatelY as an expvnse whan the thg trust is d•monstratAy committed to temiinale tha &mKAoymènt of an 8mploy8& orto providè temiin8tion benefitg. 1.10 Retlremont beneffts Payments to defined contribution relirement benefit schemes are charged as an expense as ty fall due. Critical accounting estlmates and Judgements In the application of Ihe the trust's accounlrng policies. th6 trustees • reqUId to make judgements. estimales and assumptn8 about the cawryiru of assets and liabililres that are not readily apparent from other souices. The estimates and associated asSUmptnS are based on historf¢xl expgri¢nco and other factors that are Conside to be relevant. Aciual results may dtffer frcn these estimates. Thè èstimates and undèdying assumplions are rèviewed on an ongoing basis. Revision8 to accounting eslimate3 3re recognised in the poriod which estimate is remsed where the Tevision affects only that pèriod. or in the period of the revision and future perJds whore thg r¢vlslon offects both curmnt ond fLrture p8riods. 14-
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (COFMNUED) FOR THE YEAR ENDED 310ECEMBER 2023 Donatlons and lewles UnTeslri¢led Restrlc funds Total 2023 Total 2022 Grant Income Other income 4.754 16.438 289.316 294.070 267.017 16.438 23,575 21.192 289.316 310.508 290,592 For the year ended 31 December 2022 23.575 267.017 290,592 Grants Th1¥0d 8VSCUK EMPLOYMENT BVSCUK ESOL Lottery Reaching Communibe81)omesllcAbus8 4000 Big Lottery BL Liquidity Funding Henry Smilh William Cadbury NDSU FCC Communitios Trnst Vlrgin Media 02 Celebration National Express Youth Activities Trusthouse Charitable Foundation Children in Need Fund Tesco Bags for Lrfe Amold Clark Fur Domosti¢AtJuse Tampon Tax FLTrnd Albert Hunt Trust Wintèr Food Aid BCCFA Arthur Ckrke Fund BVSCUK MOVE ON AFA Hub Commonwealth Games Legacy BLRC Cap The Sutton Cddfield Charityble Trust Eveson Charitalle Twsl BCMG ComTnonwearth Gam93 Robert McAlpine M&S Fund Garfi8ld W8Ston BVSCUKWELL BEING MW Mayors Weekend R D Tumer Tnjst Kingstanding Post Pandemic Roughley Twst United Acts of Kindness The Sheldon Trust QLEe8ns Platinum Jubibe Cole Charitable Tnt 4.284 4.284 29.105 157,239 114,371 22.350 157.239 7.2C 6.100 4.C4)0 6,1(KJ 16.075 1.000 10.000 1.698 8,302 15.1XX) 8,302 15,000 1.000 1.195 594 2.000 1,800 1,800 1,200 805 24,71X) 10,0 1,100 1,000 2.321 2.135 1,195 24.700 10,(KJO 1.100 1.000 2.321 2.135 1,672 9,041 9.1)41 1.0 6,100 10.002 1,000 1,000 8,159 6.100 lo,(2 25 2,000 131 15-
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donations and Iggacies {Continuedl sleyan Heart of England Westem Power Holiday Meals Saintbury Tmsl Core Costs P8lnck Trust Youth Social Adion The Archer Fund Other income Other grants received < £500 1,572 1,979 807 800 1.166 800 1.166 1,750 3,754 20.326 2.847 13,7fj0 3,754 2,847 4,754 289,316 294.070 267.017 Oth•r incom• Cafo Takings Letting8 Sl Johns Donations Others 10.631 5.807 10,631 5,807 7,490 1,318 2,170 12,597 16,438 16,438 23,575 Ra181ng fund8 2023 2022 Fundraisin and blicil Seeking donations, grants andlogaoes 4.330 809 4,330 The cost of raising funds represents trading costs in relation to the cafe and includes cafe purthases and Vonding servKes in relation to tho cafe trade. 18-
NEW HEIGHTS- WARREN FARM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 S Charllable actlvltles Ilwarren Farm ProJ•ct Costs Costs Dew•clatlon Total 2023 Totsl 2022 Staff wsts Depr&C18tTr- Leasehold Property OeweciatK•n of fiXreS and Fitbngs Water. rates and Ir)5uranr% Sts Light and Heating costs Rèpairs and Maintanance costs Telephone and Postage costs Sundry costs Volunteer aThJ travel expenses Cale Repairs and maintenance Logal advico sgrvl¢ Legal and ProfessM)nal Costs 202.984 202.984 178.040 27.665 27.665 59 79 9.415 10.060 7,970 5,886 7,717 23.127 4.960 4.057 1,623 1.145 3.279 5,427 3.337 64,289 58.020 24,076 19.S66 27,665 59 9.415 7.970 7,717 4.960 1,623 3,279 5.427 64,289 24.076 128.756 202.984 27.724 359.464 330.962 128.756 202.984 27.724 359.464 330,%2 Analysls by fund Unre5trirted funds Roslrictsd fun¢Js 42.011 86.745 59 27.665 42.070 317,394 202.984 128.756 202,984 27.724 359.464 For the ywr ondwd 31 D9c9mr 2022 Unrestricted fijnds RèstrictÉ(l fijnds 32,998 92,180 79 27,665 33.077 297,885 178,040 125.178 178.040 27,744 330.962 Thistees None of the tW5tees {(x any persons connected wkh them) reCeId any r&MUMral or benefits from the trust during the year. 17-
NEW HEIGHTS-WARREN FARM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employees 2023 Number 2022 Number Prrie¢t slaff 12 10 Employmont costs 2023 2022 Wages and salaries lind so(#d securty costs) 202.984 178.040 There were no employees V&fv)se annual reThNJneration was £60.000 or nwe. Taxatlon The charity is exemptfrom corporation tax on Its charitable acfjvilias. Tanglble flxed assets Fithre¥. ffttlngs & eient Total nd& Jlldlngs Cost At 1 January 2023 691.367 17,622 708.989 At 31 December 2023 691.367 17.622 708,989 Depreciation and 5mpalrmert At 1 January 2023 Deprecith'on charggd in the year 363,906 27,665 17,386 59 381.292 27.724 Al 31 December 2023 391.571 17,445 409.016 Carrylng amount At 31 Decémber 2023 299,796 177 299,973 At 31 December 2022 327,461 236 327,697 18-
NEW HEIGHTS - WARREN FARM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Crgditors: gmounts falllng duè ¥Athln on• y•ar 2023 2022 Trade Gredilors Other Gre(litors Accruals and deferred income 3,065 141.996 4.320 4,813 137.817 2.640 149,381 145.270 11 R•stri¢tsd funds resti7Ct6d funds of th• ch• comprise the uneypended balar5 of donations and grants hold on trust subject to s1C conditions by dtmors as lo thgy may be used. At 1 January IncLMnlng 2023 resources Resources expended At31 Decefflbgr 2023 354,438 289,316 1317,3941 326,358 Prevlous year: At l January Incomlng R•wure•s 2022 rnsourcts •xp•nd•d At31 De¢ember 2022 385.304 267.017 (297.9651 354.356 12 Unrnstrictsd funds The unrestricted funds of the charity comprise the unexpended balances of donations and granls which are not subject to SP8cIfic 1nOnS by donors and granlors as to how they may be used. These indude designated funds which have been sgt asld8 Out of unrestricted fijnds bythe tnjstees for specffic purposes. At 1 January 2023 In¢omlng resour¢•s Re$ources •xp•ndgd At31 Doeember 2023 G&rk8ral lunds 120.613 21,192 142,0721 99,733 Pr•vlous year: At 1 January In¢omlng 2022 rg8OUTces R•80urees pxppndgd At31 D•remr 2022 General lunds 130.115 23.575 132,9971 120,693 19-
NEW HEIGHTS. WARREN FARM COMMUNITY PROJECT NOTES TO THE FINANCIAL STATEMENTS {COPrnNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Analysis ol net assets llelween funds Total fvnds Fund balanc8s at 31 December 2023 are represented by.. Tangible 8ssets Currènt ass8181{IkqlNIIUes) 177 99.556 299.796 26.562 299,973 126,118 99,733 326.358 426,091 14 Rel•t•d party transo¢tion$ Tharg w8r8 no disclosable related party transac*on$ during tho y8ar I2022- none}. R•munor4tion ol k¥y managament personnel 2023 2022 Salary and soual security costs 38.284 27,621 15 Cash g•nwated from aperatlons 2023 2022 Deficit for the year 48,9581 149.5461 Adjustments for.. D8pr8cial'on and impaiment of tsnyitAè fixed assats 27.724 27,793 Movements in wort(Ing p61. Increaselldecreasel in creditOf8 4.111 (43,706) Cash ab8orb•d by operation5 {17,123) 165,459)